vsa with Malcolm | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #721
  • Jun 29, 2010 8:44am Jun 29, 2010 8:44am
Quoting polomine
Hi, malcolm

Do you think it is a good set-up? The question mark bar is buyer comming in or engulfing bar (not vsa but pa pattern)? So, is it weak or strong?

cheers
3 questions
what is back ground
what is reaction to stopping vol
what is days range on aj ?
Blogging daily now at www.volume.zone
  • #722
  • Jun 29, 2010 8:49am Jun 29, 2010 8:49am
not really vsa bu here is weekly aj ...awesome 1-2-3 sell formation with target 75 and 65

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 28 KB
Blogging daily now at www.volume.zone
  • #723
  • Jun 29, 2010 8:51am Jun 29, 2010 8:51am
basic the stock are all in a big drop all the yen pair in strong side i think but wat i confuse is gu why so strong in those days
  • #724
  • Jun 29, 2010 9:40am Jun 29, 2010 9:40am
Quoting popo
basic the stock are all in a big drop all the yen pair in strong side i think but wat i confuse is gu why so strong in those days
gu just a matter of time .. major distribution going on
Blogging daily now at www.volume.zone
  • #725
  • Jun 29, 2010 9:50am Jun 29, 2010 9:50am
How to trade these large down moves with vsa ...

look for retraces / consolidation areas that have no demand bar or up thrusts

aj has been one of my fav pairs to trade recently ....

Attached Image (click to enlarge)
Click to Enlarge Name: chart2475.png Size: 148 KB
Blogging daily now at www.volume.zone
  • #726
  • Jun 29, 2010 11:35am Jun 29, 2010 11:35am
Quoting malcolmb14
3 questions
what is back ground
what is reaction to stopping vol
what is days range on aj ?

Thanks for your reply.

To be honest, I can not answer them with confidence, which makes me not a qualified VSA trader.

Anyway, let me try
1. The background is a stopping volume in M30 chart, which makes the price sideway. Strength sign.
2. As mentioned above, the reaction to stopping vol is sideway
3. It depends on how do you think of the daily session open time. If we regard US close as daily close, the range is satisfied. If we regard London Open as daily open, it isn't.

Sorry for my spelling and grammar.

Best regards,
  • #727
  • Jun 29, 2010 11:36am Jun 29, 2010 11:36am
i recheck all the tf of gu daily nd but 4h seem have seller come in is ti? (cos i will close all my long as before set tp 1.5200 )
Attached Images
  • #728
  • Jun 29, 2010 11:43am Jun 29, 2010 11:43am
Quoting malcolmb14
How to trade these large down moves with vsa ...

look for retraces / consolidation areas that have no demand bar or up thrusts

aj has been one of my fav pairs to trade recently ....

Attachment
i think you even have a better one underneath the HULL....
Attached Image (click to enlarge)
Click to Enlarge Name: eu4.gif Size: 22 KB
  • #729
  • Jun 29, 2010 11:48am Jun 29, 2010 11:48am
I believe the background strength would be negated after the no demand and upthrust. Both these signals would make me believe that smart money had no interest in higher prices at the time.
  • #730
  • Jun 29, 2010 2:14pm Jun 29, 2010 2:14pm
Mine volumes are very diffrent.



Quoting taomql4
i think you even have a better one underneath the HULL....
Her is my EU H4 Ibfx
Attached Image (click to enlarge)
Click to Enlarge Name: aj.PNG Size: 14 KB
  • #731
  • Jun 29, 2010 2:50pm Jun 29, 2010 2:50pm
Quoting wajid
Mine volumes are very diffrent.




Her is my EU H4 Ibfx
are you sure , You are not using future's volume ?--

cause i can see the difference in candle shapes/patterns...
it's not the same...and Your attachment says aj-is that aud/jpy?
  • #732
  • Jun 29, 2010 3:15pm Jun 29, 2010 3:15pm
Quoting malcolmb14
gu just a matter of time .. major distribution going on

Good Afternoon Malc,

Could you please help me understand what major distribution means? Also, given the recent drop EURUSD and AUDUSD with emerging USD strength, do you feel we will get a chance to short GBPUSD at 1.5200. Would appreciate you sharing your thoughs..

Thanks so much,
Mo.
  • #733
  • Jun 29, 2010 3:58pm Jun 29, 2010 3:58pm
Quoting Momomoney
Good Afternoon Malc,

Could you please help me understand what major distribution means? Also, given the recent drop EURUSD and AUDUSD with emerging USD strength, do you feel we will get a chance to short GBPUSD at 1.5200. Would appreciate you sharing your thoughs..

Thanks so much,
Mo.
gu is odd ... does not seem to want to break that 1.5000 area but distribution for sure.

watch aj ... breaks 75 we may be heading to 70 by end of week

Attached Image (click to enlarge)
Click to Enlarge Name: chart01 au.jpg Size: 165 KB
Blogging daily now at www.volume.zone
  • #734
  • Jun 29, 2010 4:51pm Jun 29, 2010 4:51pm
background is weakness has been for 48 hours ... look at a 4 hour with a hulls. Trend is down . The stopping volume you saw on a 30 min resulted in a slight up move that had result of no demand. Ranging and trending conditions are very different when looking at vsa set ups. One 30 min stopping volume will not be enough to change a major trend.

The daily session was about 233 pip at time of posting , average 21 daily range aj is 150. Why ywould you want to even attempt buying into something when clearly the sellers have control due to the range being so high

Quoting polomine
Thanks for your reply.

To be honest, I can not answer them with confidence, which makes me not a qualified VSA trader.

Anyway, let me try
1. The background is a stopping volume in M30 chart, which makes the price sideway. Strength sign.
2. As mentioned above, the reaction to stopping vol is sideway
3. It depends on how do you think of the daily session open time. If we regard US close as daily close, the range is satisfied. If we regard London Open as daily open, it isn't.

Sorry for my spelling and grammar.

Best regards,
Blogging daily now at www.volume.zone
  • #735
  • Jun 29, 2010 7:50pm Jun 29, 2010 7:50pm
on the gu daily TF i have volume higher then the previous 3 days with a narrow spread. Can anyone confirm this with their volume data and what is everyone looking for in london?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp daily.gif Size: 21 KB
  • #736
  • Edited 9:05pm Jun 29, 2010 7:54pm | Edited 9:05pm
Thank you very much!

I am totally confused about trading using ATR or ADR. As you said the average range is 150 and the daily range at that time is 233, I thought since it had moved down too much, it should move up at least 50 pips.

Quoting malcolmb14
The daily session was about 233 pip at time of posting , average 21 daily range aj is 150. Why ywould you want to even attempt buying into something when clearly the sellers have control due to the range being so high
  • #737
  • Jun 29, 2010 8:37pm Jun 29, 2010 8:37pm
Can someone please tell me what you have for the pivot point on EU. I don't think I have mine configured properly. Thanks.

Thank you to Malc and HiddenGap for your great posts...
  • #738
  • Jun 29, 2010 9:15pm Jun 29, 2010 9:15pm
it looks bearish....a little!

this is eod from realtimedata....does anyone else show the same volume/ indication?
Attached Image (click to enlarge)
Click to Enlarge Name: 2010_gbp_jun_29.jpg Size: 166 KB
  • #739
  • Edited 10:13pm Jun 29, 2010 9:54pm | Edited 10:13pm
Quoting malcolmb14
background is weakness has been for 48 hours ... look at a 4 hour with a hulls. Trend is down . The stopping volume you saw on a 30 min resulted in a slight up move that had result of no demand. Ranging and trending conditions are very different when looking at vsa set ups. One 30 min stopping volume will not be enough to change a major trend.

The daily session was about 233 pip at time of posting , average 21 daily range aj is 150. Why ywould you want to even attempt buying into something when clearly the sellers have control due to the range...
Malcolm - the light bulb just went on around why sometimes what looks like a good VSA setup fails... trending vs ranging - the basics still apply - in a trend, find the pullback to enter, in a ranging market pick the bottoms and the tops

to summarise what I'm thinking here - if the pair is in a down (or up) trend then signs of strength (weakness) followed by a test may not be enough to work against the down trend. (e.g. my failed EU long from 1.2190 last night). The chart looks like a staircase - down, stopping volume, sideways, down, stopping volume, sideways or short retrace - down again. If you're in a big trend, VSA is less effective for picking reversals, because the reversal is hit by other parties who are still selling (or buying) the trend. That said, as you pointed out, you can sell the rallies (looking for no demand bars with the down trend itself as the background weakness) or buy the dips (looking for test bars with the up trend itself as background strength).

so if we're trending, don't expect to get much a move against the trend - and the cycle won't go top then bottom then top then bottom, it will be a like staircase - down sideways, down sideways (or up sideways, up sideways - like GU now)

if we're ranging however, even if it's a large pip range - like GJ has been recently - then you pick the top and bottoms using VSA, and the cycle will most lilely go top, bottom, top bottom

I'm assuming that when a trend comes to an end and we get a either a sideways market moving into ranging or an abrupt reversal which you could see forming with a solid VSA setup on a higher timeframe - like 4HR or 1D.
  • #740
  • Jun 29, 2010 10:04pm Jun 29, 2010 10:04pm
Quoting macman
Steve's MPTM is excellent - the main reason he doesn't answer questions about it is because many people are too lazy to try it for themselves. It is complicated, and people seem to think Steve will explain the workings to them - so if you want to give it a try run it on demo for a week, trying the various settings.

Attached is the CaveManager, which is also excellent, but can only handle single orders.

Lastly I have attached my modded version of an earlier version of Steve's mptm which uses the order reliable library to help in situations where...
Thank you macman. (in fact thanks everyone who has pointed me to trade managers!) I was going to mod MPTM with order reliable myself, so I appreciate that you've done that. I also notice that Steve has actually made a few changes to MPTM lately, so I was about to revisit it. I've also seen Caveman's position management EA and thought it looked good, and more focused around exactly what I wanted (close portion of the position at plus 20 or 30 pips, move stop to breakeven, then trail the stop on the remainder of the position if it continues into profit, with the possibility of closing further portions at defined target levels), but (as is entirely his right) he only released it in a compiled version, so I probably won't use it. I need to see the code base and tweak my automated bots otherwise I can't really trust them.

I have seen stats indicating that 60-80% of all profits come from allowing partial positions to run, so I think having automated position management is vital to being able to properly capitalize on VSA trades, even if you need to pull the trigger manually.

I wonder how much Malcolm would be pulling down if he was able to let a bot run his winners past 50 pips.
14 traders viewing now