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vsa with Malcolm

  • #681
  • Jun 28, 2010 1:02pm Jun 28, 2010 1:02pm
Quoting cohiba pips
cheater
??????
  • #682
  • Jun 28, 2010 1:06pm Jun 28, 2010 1:06pm
Quoting Intel
??????

is dead on ill leave my friend to explain that one, sssshhhhh i didnt see it first

hope your well and im glad you started a thread i read it over the weekend

see you in the smoke old boy
  • #683
  • Jun 28, 2010 2:08pm Jun 28, 2010 2:08pm
Quoting cohiba pips
is dead on ill leave my friend to explain that one, sssshhhhh i didnt see it first

hope your well and im glad you started a thread i read it over the weekend

see you in the smoke old boy

a picture is worth a thousand words...

Attached Image (click to enlarge)
Click to Enlarge Name: chart01 au.jpg Size: 107 KB
Blogging daily now at www.volume.zone
  • #684
  • Jun 28, 2010 2:38pm Jun 28, 2010 2:38pm
Quoting malcolmb14
a picture is worth a thousand words...

Attachment

Apparently a thousand is not enough.......what does he mean 'Cheater'?
  • #685
  • Jun 28, 2010 2:49pm Jun 28, 2010 2:49pm
Quoting malcolmb14
I was thinking we get move to 1.5250 area this is 78.6 of last down moveo n daily and gu seems to love 1.5250 , so will be looking for any sort of ut / no demand into 1.5200 zone.
we may catch some 1.5315 AREA .. test the monthly level.. but I agree 1.5216 is the FE161 .. very close..
  • #686
  • Jun 28, 2010 2:53pm Jun 28, 2010 2:53pm
Quoting Intel
Apparently a thousand is not enough.......what does he mean 'Cheater'?
he means I am not waiting for vsa confirmation of seller and instead trying to guess where the majority of sellers may turn up
Blogging daily now at www.volume.zone
  • #687
  • Jun 28, 2010 6:38pm Jun 28, 2010 6:38pm
Quoting skyscraper
We keep HULL setting = 21 in all TF or we are changing it based of TF?
I just keep it at 21 on all TF's. Someone else said to use 34, and that's fine, but I was trying to match up my settings with what Mal uses, and I think he uses 21. Also, I matched up my hulls with his on charts he posted, and they match exactly using 21...
  • #688
  • Jun 28, 2010 7:49pm Jun 28, 2010 7:49pm
Quoting TC East
I just keep it at 21 on all TF's. Someone else said to use 34, and that's fine, but I was trying to match up my settings with what Mal uses, and I think he uses 21. Also, I matched up my hulls with his on charts he posted, and they match exactly using 21...
34 and 21 hulls

21 demands more action and can reverse on you if you get the smallest of flags in a down trend , where as the 34 will follow the larger trend but ignore the shakes outs along the way

place both on a chart and you will see what I am talking about
Blogging daily now at www.volume.zone
  • #689
  • Edited 8:29pm Jun 28, 2010 8:06pm | Edited 8:29pm
Malcolm,

Can I ask an impolite question?
What's your strike rate with VSA trades? What percentage are profitable, what percentage hit your take profit target, and what percent get stopped out?

I'm trying to set myself some ideals here...
Feel free to ignore if too personal.

cheers
f451
  • #690
  • Jun 28, 2010 8:43pm Jun 28, 2010 8:43pm
Quoting Intel
Have you tried here http://www.forexfactory.com/showpost...&postcount=611


Yes but i dont have word. I will use my girlfriends computer. Thank Intel.
  • #691
  • Jun 28, 2010 8:51pm Jun 28, 2010 8:51pm
Quoting malcolmb14
34 and 21 hulls

21 demands more action and can reverse on you if you get the smallest of flags in a down trend , where as the 34 will follow the larger trend but ignore the shakes outs along the way

place both on a chart and you will see what I am talking about
Ok thanks makes sense now. I did see 2 hulls on your charts but wasn't sure what the 2nd one was, but now I realize it was the 34...
  • #692
  • Jun 28, 2010 9:14pm Jun 28, 2010 9:14pm
Quoting f451
Malcolm,

Can I ask an impolite question?
What's your strike rate with VSA trades? What percentage are profitable, what percentage hit your take profit target, and what percent get stopped out?

I'm trying to set myself some ideals here...
Feel free to ignore if too personal.

cheers
f451
90% get stopped out , none hit target , lol

to be very honest some weeks better than others.

This week I have done 9 trades , all winners some only 5 pip, 9.8 % on account.

Last week I sucked in fx big time -3 % , mostly due to missing trades then chasing and getting frustrated , about 5 trades 3 losers 2 winners. But then I focused on es and did ok on that and options.

In reality vsa sets up with hulls 80% winners, 20% loser ....could be better . One thing i am constantly working on is targets and when to exit trades

The thing I have noticed about my style of trading is to take 50 pip chunks out of the market , i always seem to go into 50 pip profit then have it reverse on me and with not stomach to hold trades for that long i often close with not max profit .In order to accommodate this in my style of trading I have adjusted things slightly so that I do not have to spend to much time in the market and i do not recommend this for anyone.


I have 3% risk on account per trade , 30 pip to start , target is 50 pip . This sound insane I know mm etc etc , but when you spot that perfect vsa set up you know it will work . 2 trades per week , 10 % per week , 2 days in market , you can get a life and have money to. But this is to only be played on the perfect trades. I played the aj in asia for 58 pip as i have been tracking it for 24 hours. also note aj looks like a bear flag on daily , look for any no demand tests of 77.5 for further sell oppertunities
Blogging daily now at www.volume.zone
  • #693
  • Jun 28, 2010 9:22pm Jun 28, 2010 9:22pm
chart for aj trade

Attached Image (click to enlarge)
Click to Enlarge Name: chart2469.png Size: 193 KB



Quoting malcolmb14
90% get stopped out , none hit target , lol

to be very honest some weeks better than others.

This week I have done 9 trades , all winners some only 5 pip, 9.8 % on account.

Last week I sucked in fx big time -3 % , mostly due to missing trades then chasing and getting frustrated...
Blogging daily now at www.volume.zone
  • #694
  • Edited 9:56pm Jun 28, 2010 9:23pm | Edited 9:56pm
Thanks.

I totally understand not wanting to be stuck in front the trading charts all day, I can't do it, and even if I could, I don't think I'd want to. Gotta aim for quality decision making over quantity.

I hit EU short last night for 35 pips, decided I had enough profit just a little short of yersterdays POC, and then watched it drop another 100 pips down to POC 5 days ago two hours later. I still have trouble with the profit targets. Fear and Greed. But I'm starting realise that if I can get my consistency up, then I'll have the confidence to risk 2% a trade and wait for 2 or 3 good setups a week. Voila 5% gain.

I'm trying to code up a simple position management EA to manage the profit targets and locking in gains. I have exactly the same issue watching my 50 pip gain reverse and not having the guts to trust my target and let it go.

f451
  • #695
  • Jun 28, 2010 9:56pm Jun 28, 2010 9:56pm
Quoting malcolmb14
I have 3% risk on account per trade , 30 pip to start
Not insane, you just have the balls to take proper advantage of good trades .

Quote
90% get stopped out , none hit target , lol
I assume that includes moving the stop up and getting taken out with a profit?

Quote
This week I have done 9 trades
Last week? This week is barely a day old.

Quote
Last week I sucked in fx big time -3 %
If you risk 3% on a trade and -3% is a bad week, I'd love my bad weeks to be like yours. Unless you mean you "should've" done far better last week.
  • #696
  • Jun 28, 2010 10:17pm Jun 28, 2010 10:17pm
every day we know approximately what the days range will be based on the average of the last 21 days. Right now on gu that is 153 pips. multiply this by 80% ( to take in to account that there may be lower range days than average) and this is your days target

now all you need do is find the high of day / low of day using vsa / value area / hulls etc

Attached Image (click to enlarge)
Click to Enlarge Name: chart2470.png Size: 189 KB







Quoting f451
Thanks.

I totally understand not wanting to be stuck in front the trading charts all day, I can't do it, and even if I could, I don't think I'd want to. Gotta aim for quality decision making over quantity.

I hit EU short last night for 35 pips, decided I had enough profit just a little short of yersterdays POC, and then watched it drop another 100 pips down to POC 5 days ago two hours later. I still have trouble with the profit targets. Fear and Greed. But I'm starting realise that if I can get my consistency up, then I'll have the confidence...
Blogging daily now at www.volume.zone
  • #697
  • Jun 28, 2010 10:23pm Jun 28, 2010 10:23pm
Quoting malcolmb14
every day we know approximately what the days range will be based on the average of the last 21 days. Right now on gu that is 153 pips. multiply this by 80% ( to take in to account that there may be lower range days than average) and this is your days target

now all you need do is find the high of day / low of day using vsa / value area / hulls etc

Attachment
wrong chart


Attached Image (click to enlarge)
Click to Enlarge Name: chart2471.png Size: 202 KB
Blogging daily now at www.volume.zone
  • #698
  • Jun 28, 2010 10:29pm Jun 28, 2010 10:29pm
Quoting malcolmb14
every day we know approximately what the days range will be based on the average of the last 21 days. Right now on gu that is 153 pips. multiply this by 80% ( to take in to account that there may be lower range days than average) and this is your days target

now all you need do is find the high of day / low of day using vsa / value area / hulls etc

Attachment
80% of day's range, 80% of day's range - I will say this over and over until I remember... It's true and you have mentioned it quite a number of times....

I think a big deal for me was realising that the POCs, or lines where price has reacted will still have buyers and sellers at those areas, so if a move is happening then price will likely holdup around them, test them a few times, retreat a bit, until finally they push through...

if you're new to the game watching price retrace around these areas without understanding why tends to make you panic and quit the trade too early, or shift your stop when you shouldn't...
  • #699
  • Jun 28, 2010 10:33pm Jun 28, 2010 10:33pm
there no signal yet so still waiting
means time how i find out rev from the chart macl thanks
Attached Image
  • #700
  • Jun 28, 2010 10:40pm Jun 28, 2010 10:40pm
Quoting f451
Thanks.


I'm trying to code up a simple position management EA to manage the profit targets and locking in gains. I have exactly the same issue watching my 50 pip gain reverse and not having the guts to trust my target and let it go.

f451
Hi f451, i am not sure if that's what you are looking for.
This expert has lots of variables to play with.
Check it out.
Attached File(s)
File Type: mq4 Multi purpose trade manager.mq4   57 KB | 459 downloads
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