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vsa with Malcolm

  • #421
  • Jun 23, 2010 6:46am Jun 23, 2010 6:46am
I found today's price action on GU pretty confusing also. I THINK there is some selling or little buying going on, but am not too sure. So I'm just staying out of the market for the time being.
  • #422
  • Jun 23, 2010 6:47am Jun 23, 2010 6:47am
Quoting mud3210
oic... and i tot there was some hidden ip adddress/message somewhere in his indicators lol.. silly me


He's good.....but he's not that good!!
  • #423
  • Jun 23, 2010 6:53am Jun 23, 2010 6:53am
Quoting Deputy Dawg
m
It will help you tremendously if you read Master the Markets by Tom Williams (found on the first page). If you've already read it, read it again.

A lot of the stuff that is said here won't make much sense until you do. But, if you keep at it, it will open your eyes to whats going on.
  • #424
  • Jun 23, 2010 7:03am Jun 23, 2010 7:03am
GU M15

Potential short entry.

Supply coming in earlier followed by an UT.

We need a ND then entry on break of the low of the ND.

WAIT FOR CONFORMATION
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  • #425
  • Jun 23, 2010 7:04am Jun 23, 2010 7:04am
Quoting Intel
It will help you tremendously if you read Master the Markets by Tom Williams (found on the first page). If you've already read it, read it again.

A lot of the stuff that is said here won't make much sense until you do. But, if you keep at it, it will open your eyes to whats going on.
Hi Intel

I didnt see that on the first page here but did try and download it from the other cable thresd and when I try to open it. It says the file is damaged and wont open. Could you post it again for me and see if I can get it then. Thanks
  • #426
  • Jun 23, 2010 7:14am Jun 23, 2010 7:14am
http://www.tradethetruth.com/downloads.html

Here you go
  • #427
  • Jun 23, 2010 7:19am Jun 23, 2010 7:19am
Quoting Pip Hunterr
Hi Intel

I didnt see that on the first page here but did try and download it from the other cable thresd and when I try to open it. It says the file is damaged and wont open. Could you post it again for me and see if I can get it then. Thanks
Oh cr*p sorry, I forgot which thread we're in
Thanks DD for the link
  • #428
  • Jun 23, 2010 7:26am Jun 23, 2010 7:26am
Quoting Deputy Dawg
http://www.tradethetruth.com/downloads.html

Here you go
Cool thanks man. I did find a link I am copying now but will try that one also.


No prob Intel I figured there might be a brain fart in there but wasnt sure. LOL

Thanks guys
  • #429
  • Jun 23, 2010 7:48am Jun 23, 2010 7:48am
Quoting popo
this buyer or seller, confuse now

that could be a sign of weakness. As we have a very high volume up bar in the middle of the up move , BUT these sellers have been absorbed so the market is not ready to drop yet .

This is where the hulls comes into play , note on the 30 min it has been green the whole of London , I will only take a sell trade if this turns as our up trend has been very strong overnight , most likely due to the fomc later today and the MPC minutes when one voter wanted to raise rates on GBP

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  • #430
  • Jun 23, 2010 7:56am Jun 23, 2010 7:56am
Hi Malc,

Please advise as to what may be an attainable downside target for GU shorts?

Thanks,

Mo.
  • #431
  • Jun 23, 2010 8:10am Jun 23, 2010 8:10am
Quoting Momomoney
Hi Malc,

Please advise as to what may be an attainable downside target for GU shorts?

Thanks,

Mo.

1.4860....test of prior resistance that is now support.

Not sure we see a daily reversal today , just a retrace is possible but I cannot take a sell due to the hulls being green and still waiting for a slight down move then up move with a no demand or upthrust to confirm trend change.

we have just seen another sign of weakness with volume hitting gu on the up move


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  • #432
  • Jun 23, 2010 8:52am Jun 23, 2010 8:52am
Quoting malcolmb14
1.4860....test of prior resistance that is now support.

Not sure we see a daily reversal today , just a retrace is possible but I cannot take a sell due to the hulls being green and still waiting for a slight down move then up move with a no demand or upthrust to confirm trend change.

we have just seen another sign of weakness with volume hitting gu on the up move


Attachment

reuslt ... down move hulls turned down .... I did not get this trade , looking for any sign of up move on 10 min with a no demand for entry

es target for today 1075 ish

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  • #433
  • Jun 23, 2010 9:05am Jun 23, 2010 9:05am
Hi, malcolmb,

Could you tell me why you change to M30 chart from M15? I am not sure but wonder if you see a M15 chart at that time, the hull maybe is red.

Thanks in advance.

Quoting malcolmb14
1.4860....test of prior resistance that is now support.

Not sure we see a daily reversal today , just a retrace is possible but I cannot take a sell due to the hulls being green and still waiting for a slight down move then up move with a no demand or upthrust to confirm trend change.

we have just seen another sign of weakness with volume hitting gu on the up move


Attachment
  • #434
  • Jun 23, 2010 9:08am Jun 23, 2010 9:08am
Quoting polomine
Hi, malcolmb,

Could you tell me why you change to M30 chart from M15? I am not sure but wonder if you see a M15 chart at that time, the hull maybe is red.

Thanks in advance.

the 30 had a strong trend on it since yesterday US ... I wanted to see that turn to be sure on a sell position. I hate going against higher time frame trends.
Blogging daily now at www.volume.zone
  • #435
  • Jun 23, 2010 9:23am Jun 23, 2010 9:23am
Hi guys,

I sometimes see quite wide spread down bars, with below-average volume. Does this mean anything by VSA?

I am thinking "sudden lack of buyers, therefore easy fall with not much effort" (bearish). Or is it more like a no supply "down bar on particularly low volume" (bullish). If that's the case, then why was the price allowed to fall so much?
  • #436
  • Jun 23, 2010 9:25am Jun 23, 2010 9:25am
although the hourly bar has not been closed, can it be named stopping volume or we have strength at background ?

volume seems to more than previous one as well...

it was 82s and now its 74s..


cheers..
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  • #437
  • Jun 23, 2010 9:50am Jun 23, 2010 9:50am
If you use MT4 Better Volume version 1.3 indicator, low vol wide spd down bar is so-called low churn, which is a sign of STRENGTH. I think it is not a VSA term. But it makes sense IMHO. Maybe other more experienced traders could give you more detailed info.

cheers

Quoting silvermark
Hi guys,

I sometimes see quite wide spread down bars, with below-average volume. Does this mean anything by VSA?

I am thinking "sudden lack of buyers, therefore easy fall with not much effort" (bearish). Or is it more like a no supply "down bar on particularly low volume" (bullish). If that's the case, then why was the price allowed to fall so much?
  • #438
  • Jun 23, 2010 9:53am Jun 23, 2010 9:53am
Quoting polomine
If you use MT4 Better Volume version 1.3 indicator, low vol wide spd down bar is so-called low churn, which is a sign of weakness. I think it is not a VSA term. But it makes sense IMHO. Maybe other more experienced traders could give you more detailed info.

cheers
this is kind of like a shake out .... next time you see one post a chart then I can see for sure
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  • #439
  • Jun 23, 2010 11:26am Jun 23, 2010 11:26am
Here we go.

Maybe it's not a good example, since the volume is not really low. Anyway according to better volume, that bar has the lowest volume/range among the recent 20 bars.

Quoting malcolmb14
this is kind of like a shake out .... next time you see one post a chart then I can see for sure
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  • #440
  • Jun 23, 2010 11:47am Jun 23, 2010 11:47am
joined the forum just to participate in this thread.

right now it looks to me that we have our no demand up move which malcolmb told to look out for. I have volume steadily decreasing on the 15 and 30 minute time frame.
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