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vsa with Malcolm

  • #561
  • Jun 25, 2010 8:28am Jun 25, 2010 8:28am
GBP H4 is very strong, stopping volume. Will it go up till a new high?
  • #562
  • Jun 25, 2010 8:54am Jun 25, 2010 8:54am
Quoting polomine
GBP H4 is very strong, stopping volume. Will it go up till a new high?
actually i thought it should be a failed test.
  • #563
  • Jun 25, 2010 9:41am Jun 25, 2010 9:41am
my guess---GU seems to be getting capped @ 1.4975 ish for a minute
going short
Attached Image (click to enlarge)
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  • #564
  • Jun 25, 2010 9:45am Jun 25, 2010 9:45am
i'm definitely jumping the gun as the HMA21 has not turned.. :o
  • #565
  • Jun 25, 2010 10:01am Jun 25, 2010 10:01am
Quoting djarum11
my guess---GU seems to be getting capped @ 1.4975 ish for a minute
going short
Possible, but you'll find most of these peak and possible break moves occur on either side of 5 minutes of the hour (ie., 10:55-11:05), so I'm not sure it's peaked yet or looking to break higher; might be heading for closer to that 1.5 area and then a possible rejection. I also find this TOD when FTSE still has 30 minutes to go, is a tricky time to enter until we see how London ends their day.

Also wanted to post this really good read, related to volume. Disclosure: I too am bearish, and just waiting for the catalyst(s). Including 1 relevant chart from the article.

3 Signs of a Sucker Rally By, Simon Maierhofer, Jun 24, 2010
After pushing into a cluster of resistance, the major indexes reversed course and traded down from Monday on. Does that mean that the bear market is resuming? Did we just witness the biggest sucker rally of all times? Here are three identifying marks of a sucker rally

Attached Image
  • #566
  • Jun 25, 2010 11:16am Jun 25, 2010 11:16am
that's my biggest mistake right there, i see weakness near a previous top and i jump the gun on the sell. i guess i should use the Hull to keep me out of those trades, and always wait for an upthrust or serious sign of ND
  • #567
  • Jun 25, 2010 11:34am Jun 25, 2010 11:34am
Hi, malcolmb

please take a look at the "high vol narrow spd up bar". what is it in terms of VSA? my hinder thought is the buyers are willing to buy what the sellers sell. what do you think of it?

Thanks in advance.
Attached Image (click to enlarge)
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  • #568
  • Jun 25, 2010 12:22pm Jun 25, 2010 12:22pm
Quoting polomine
Hi, malcolmb

please take a look at the "high vol narrow spd up bar". what is it in terms of VSA? my hinder thought is the buyers are willing to buy what the sellers sell. what do you think of it?

Thanks in advance.

nice question, answer would be also very very informative for me as well...

thanks in advance, too,

cheers
  • #569
  • Jun 25, 2010 12:31pm Jun 25, 2010 12:31pm
not sure if applies but you might want to check out this post where malc answers a similiar question of mine

http://www.forexfactory.com/showpost...postcount=7733




Quoting polomine
Hi, malcolmb

please take a look at the "high vol narrow spd up bar". what is it in terms of VSA? my hinder thought is the buyers are willing to buy what the sellers sell. what do you think of it?

Thanks in advance.
  • #570
  • Jun 25, 2010 1:21pm Jun 25, 2010 1:21pm
Quoting polomine
Hi, malcolmb

please take a look at the "high vol narrow spd up bar". what is it in terms of VSA? my hinder thought is the buyers are willing to buy what the sellers sell. what do you think of it?

Thanks in advance.
always wait for the result of that candle. It was indeed selling but note how the buyers absorbed them and price moved higher.

This is why i like waiting till the hulls changes after i have seen strength or weakness. It gives the trade some time to develop,
Blogging daily now at www.volume.zone
  • #571
  • Jun 25, 2010 1:24pm Jun 25, 2010 1:24pm
i did get an alert hulls had changed on this took a quick long after reviewing up move on gu / eu but got out for a mere 20 pip as was busy this morning

Hope you all did better then I did...

Attached Image (click to enlarge)
Click to Enlarge Name: chart2439.png Size: 181 KB
Blogging daily now at www.volume.zone
  • #572
  • Jun 25, 2010 2:34pm Jun 25, 2010 2:34pm
Quoting djarum11
something happened last week on G/U that i did not understand at all... anyone have any opinions about the white area in this H1 chart?
http://www.forexfactory.com/showpost...postcount=7733

AAAAARRRRGGGGHHHHH
Just spent half an hour answering a post only to find that I got mixed up somehow and I've answered the wrong one!!!!
Never mind, I'll post anyway.



Your bar is 2 things.

It is indeed a No demand but, it is also a polar bear in Hawaii.

There is no weakness in the background only strength. When you have strength on the chart you can ignore a single ND and treat it as just another up bar.

If you had seen some weakness before, then the ND becomes VERY important.

The main reason for the narrow spreads on low volumes in that area is hesitation as the price hits a well respected area of resistance (1.4605 ish). There was some profit taking a few bars earlier which had to be absorbed by SM(a sign that SM weren't doing their job properly!!).

If you draw a line at the 4605 level and see how many times price had either faltered or reversed on it, you may be surprised. You might also see that many times, in order to break the resistance area, SM had to push through or absorb and then push through with fairly high volume wide spread bars.

Hope this helps

Oh dear!
  • #573
  • Jun 25, 2010 2:36pm Jun 25, 2010 2:36pm
it's been another crazy week-
--EU is toping out every 10 bars or so-
--S&P 500 daily timeframe wants to roll over, but folks on the 4 hr chart
won't allow it..God help us all..lol
--Err , Glad weekend is here..Hoping these two clear my head for next week..lol

All riighty then , Nice weekend everybody.
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  • #574
  • Jun 25, 2010 2:41pm Jun 25, 2010 2:41pm
Quoting taomql4
it's been another crazy week-
--EU is toping out every 10 bars or so-
--S&P 500 daily timeframe wants to roll over, but folks on the 4 hr chart
won't allow it..God help us all..lol
--Err , Glad weekend is here..Hoping these two clear my head for next week..lol

All riighty then , Nice weekend everybody.

OOOOO......I'd really like to meet your sisters
  • #575
  • Jun 25, 2010 2:50pm Jun 25, 2010 2:50pm
Quoting Intel
OOOOO......I'd really like to meet your sisters
VEGAS is the spot--and if i don't make it back , Now you know what
happened--
  • #576
  • Jun 25, 2010 3:57pm Jun 25, 2010 3:57pm
Hull is awesome!!! I understood what I was doing not right! I was in a hurry! Now it works great! Maybe the one problem is.....how to predict the target???
Malcolm, can you help me?

Thanks!!!
  • #577
  • Jun 25, 2010 4:43pm Jun 25, 2010 4:43pm
Quoting V_2008
Hull is awesome!!! I understood what I was doing not right! I was in a hurry! Now it works great! Maybe the one problem is.....how to predict the target???
Malcolm, can you help me?

Thanks!!!
u target is the S/R fib lines
  • #578
  • Jun 25, 2010 5:10pm Jun 25, 2010 5:10pm
When i work out how to set good targets I will let you know . I may die of old age before then as more often than not I set a tp price misses it by 2 pips reverses chews up my 50 pip profit and stops me out -50 lol

of course I am joking . Tp targets could be daily range limits x 80percent, prior areas s/r , day pivots etc



Quoting V_2008
Hull is awesome!!! I understood what I was doing not right! I was in a hurry! Now it works great! Maybe the one problem is.....how to predict the target???
Malcolm, can you help me?

Thanks!!!
Blogging daily now at www.volume.zone
  • #579
  • Jun 25, 2010 5:14pm Jun 25, 2010 5:14pm
Quoting Intel
OOOOO......I'd really like to meet your sisters

What are pictures of my girlfriends doing in this thread ? Lol

Have a good weekend , crazy pa for a Friday wonder what next weeks brings for us . The no demand that was forming on the weekly was negated with today's volume
Blogging daily now at www.volume.zone
  • #580
  • Jun 25, 2010 5:18pm Jun 25, 2010 5:18pm
Quoting malcolmb14
What are pictures of my girlfriends doing in this thread ? Lol

Have a good weekend , crazy pa for a Friday wonder what next weeks brings for us . The no demand that was forming on the weekly was negated with today's volume

Never mind!

See ya next week
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