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vsa with Malcolm

  • #741
  • Jun 29, 2010 10:11pm Jun 29, 2010 10:11pm
this is why when you see signs of strength or weakness you look for further weakness . strength to confirm trade and top / bottom forming

there is always the counter trend trade BUT one has to be aware of what it is and either aim for 20 or 30 pip or move stop to break even asap.

Quoting f451
Malcolm - the light bulb just went on around why sometimes what looks like a good VSA setup fails... trending vs ranging

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,...
Blogging daily now at www.volume.zone
  • #742
  • Jun 29, 2010 10:30pm Jun 29, 2010 10:30pm
would you mind to help me check the usdindex in your vsa, in follow tf 4h hourly and tf thanks
  • #743
  • Jun 29, 2010 10:37pm Jun 29, 2010 10:37pm
Quoting punchingbag
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...
2210 is what i got.


Attached File(s)
File Type: ex4 FXI%20Pivots.ex4   25 KB | 613 downloads
  • #744
  • Jun 29, 2010 10:42pm Jun 29, 2010 10:42pm
Quoting uraceulose
2210 is what i got.


Attachment
2211, close enough..

What Im curious about is 2147 is the 50% fib, if we dip below that, then is the past month was just a correction?
  • #745
  • Jun 29, 2010 11:34pm Jun 29, 2010 11:34pm
Quoting Twiitch
it looks bearish....a little!

this is eod from realtimedata....does anyone else show the same volume/ indication?

not seeing the same set up in the futures , however what I think is that the low vol bar today closing of lows that TG is picking up as no supply is in fact some form of low volume bar with no effort behind .. almost like a no demand

It seems that we may be seeing some form of weakness here but needs a few more day to play out

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 199 KB
Blogging daily now at www.volume.zone
  • #746
  • Jun 30, 2010 12:01am Jun 30, 2010 12:01am
Quoting uraceulose
2210 is what i got.


Attachment
Thank you. I appreciate it!

Ciao
  • #747
  • Jun 30, 2010 12:37am Jun 30, 2010 12:37am
wow my daily volume for GU is totally diffferent in the last several bars... my feed has been right on with malcolm's so far, i wonder what this is about.


Quoting Twiitch
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: gu_d1_062910.gif Size: 33 KB
  • #748
  • Jun 30, 2010 1:18am Jun 30, 2010 1:18am
wow, i just found the thread and i see it has 50 pages, that's extraordinary...i'm very glad you start this thread malcolm, i did my daily routine like always on shamus thread and i was very disappointed seeing what that thread became.
i'm going to do my best to grow my contribution to the thread and post more charts...and now back to the VSA, these days the signs are kind of confusing for me...
"Imagination is more important than knowledge" Einstein
  • #749
  • Jun 30, 2010 2:00am Jun 30, 2010 2:00am
it was Euro/usd chart not AJ
I am using IBFX Demo For charting not sure is it for future or spot.
But it is close to Mal`s. I compared lot of time with e-signal and it is same like e-signal.

Quoting taomql4
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?
  • #750
  • Jun 30, 2010 2:43am Jun 30, 2010 2:43am
So it seems EU decided to go into channel mode. So far as I see it volume sort of confirms it with stopping volume, knocking the price sideways and a higher volume up candle closing on the highs. Now I'm looking for the next up bar and maybe a test on lower timeframes. Anyone can tell me if I'm thinking the right way?
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_2010-06-30.gif Size: 42 KB
  • #751
  • Jun 30, 2010 3:46am Jun 30, 2010 3:46am
Cable just fell 50 pips in a few minutes. Curious if this is the big break of the week here or just a shake out....let's wait and see for retest.
  • #752
  • Jun 30, 2010 3:59am Jun 30, 2010 3:59am
Quoting Momomoney
Cable just fell 50 pips in a few minutes. Curious if this is the big break of the week here or just a shake out....let's wait and see for retest.
could it be "dips are bought" ?
  • #753
  • Jun 30, 2010 4:25am Jun 30, 2010 4:25am
Impressive rallies going on on EU and GU. Let's see if they're for real!
  • #754
  • Jun 30, 2010 5:11am Jun 30, 2010 5:11am
EU has had a much clearer price action than GU. Since I don't really have the patience or nerves to babysit trades, I'm out
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_2010-06-30_2.gif Size: 42 KB
  • #755
  • Jun 30, 2010 6:40am Jun 30, 2010 6:40am
eu is awesome for sell later in US if we get down movement after adp. sellers hitting market at 1.2303

I am a seller under 1,2270 ( poc 7d back) target 100 pip

cannot post charts right now for some reason
Blogging daily now at www.volume.zone
  • #756
  • Edited Jul 1, 2010 6:05am Jun 30, 2010 7:53am | Edited Jul 1, 2010 6:05am
HI

After ignoring Volume for around 3 years of trading forex I started reading the VSA threads here in FF and other trading forums. Despite subscribing to the idea of "irrelevance of volume in forex" due to lack of reliable volume data I thought all you people cannot be wrong and I should give the idea the benefit of the doubt. It is early days yet for me but I think that I have made the right decision.

There is a large amount of reading to be done and I am at the beginning of my VSA studies (LONG way to go yet). Malcom and other guys have been heaven sent and to be given so much guidance and direction for free is just out of this world. I have read MTM once, needless to say have to read a few more times, however, I just started reading "The Undeclared Secrets that drive the stock market". This book is much easier to digest than MTM and I think all newbies should read this once or twice before progressing to MTM. I hope this helps people who are just starting their VSA studies.

Kind regards
P.S. The VPA Indicator for NINJA posted by Malcom is a very good tool for learning different type of bars. Unfortunately, it does not have a legend explaining what different symbols mean (yellow square, blue diamond, etc), for the legend please visit Ninja Forum at http://www.ninjatrader.com/support/f...t=12908&page=6
  • #757
  • Jun 30, 2010 9:15am Jun 30, 2010 9:15am
Eur is being rather difficult this morning, If we can breach 1.2300 I will be shocked.
  • #758
  • Jun 30, 2010 11:12am Jun 30, 2010 11:12am
Quoting Sonofsin5
Eur is being rather difficult this morning, If we can breach 1.2300 I will be shocked.
whole market is odd ... in a kind of consolidation day

will look at es on the dialy chart at eod and report findings / vsa set ups,

May be like this till NFP
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  • #759
  • Jun 30, 2010 12:11pm Jun 30, 2010 12:11pm
Euro is showing weakness.. the two yellow volume bar shows low volume may be because buyers are demanding lower price.....and the horizontal indicator shows distribution.
please correct me if i am wrong since volume anaysis is new to me .
Attached Image (click to enlarge)
Click to Enlarge Name: euro26.gif Size: 21 KB
  • #760
  • Jun 30, 2010 12:21pm Jun 30, 2010 12:21pm
Quoting Sonofsin5
Eur is being rather difficult this morning, If we can breach 1.2300 I will be shocked.
Agree! Last two weeks were awful...but GU was good today...


Regards
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