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vsa with Malcolm

  • #841
  • Jul 2, 2010 5:27am Jul 2, 2010 5:27am
This is trade what i made just.

I also looked on Shamus VSA thread.. and i beated SMART

For me this was clear signal to SHORT. So i done so and tooked quick pips.

Best,
Tom
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  • #842
  • Jul 2, 2010 5:28am Jul 2, 2010 5:28am
like yesterday, if i am not wrong, i havent yet observed any dips bought. do you think so as well ? at least for now...
  • #843
  • Jul 2, 2010 5:42am Jul 2, 2010 5:42am
I want to give suggestion to everyone..
Lets say, You see sign of weakness.. and then You see signal bar for short ( UT. You short.. Next You are in eiphory, that Your short went immediately like You wanted. Here comes problem - You are in eiphory and just dont see that sign of strenght come in..

This is problem i have faced with.. When You feel You are in eiphory - just remind to Yourself - i am in eiphory - think logic.

Not sure will it be useful for someone, but maybe.
Also, Tom Williams talks about this thing in his book.
So i remind it here. Because i have faced with this "probem" too


Best,
Tom



Quoting bruceli
like yesterday, if i am not wrong, i havent yet observed any dips bought. do you think so as well ? at least for now...
  • #844
  • Jul 2, 2010 6:03am Jul 2, 2010 6:03am
Quoting tfflyer
I want to give suggestion to everyone..
Lets say, You see sign of weakness.. and then You see signal bar for short ( UT. You short.. Next You are in eiphory, that Your short went immediately like You wanted. Here comes problem - You are in eiphory and just dont see that sign of strenght come in..

This is problem i have faced with.. When You feel You are in eiphory - just remind to Yourself - i am in eiphory - think logic.

Not sure will it be useful for someone, but maybe.
Also, Tom Williams talks about this thing in his book.
So i remind...
thank you very much Tom for your reminder... is Tom williams book different from MTM ? i should also look at that maybe...
menatime, i need also control myself and my stopss
cheers..
  • #845
  • Jul 2, 2010 6:13am Jul 2, 2010 6:13am
That the same i mean what in MTM, i have read undeclared secrets - but that the same +-.
In MTM is just more Gavins stuff.


However, keep learning.

IT will come.

Best,
Tom


Quoting bruceli
thank you very much Tom for your reminder... is Tom williams book different from MTM ? i should also look at that maybe...
menatime, i need also control myself and my stopss
cheers..
  • #846
  • Jul 2, 2010 7:25am Jul 2, 2010 7:25am
Malc your thoughts on NFP please.
  • #847
  • Jul 2, 2010 7:41am Jul 2, 2010 7:41am
I have 3 accounts with forex.com. I recently switched one of them to ninja from mt4 in order to use the fantastic indicators malcom provided. Another reason was that I kept seeing posts by many people saying tic volume of mt4 is very unreliable. please see the attached picture, both are USDCHF 4 hour with gain capital (Forex.com) using better volume indicator with identical setting (the left one is ninja and the right one mt4). I would be grateful if you could comment on this.
Attached Image (click to enlarge)
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  • #848
  • Jul 2, 2010 7:51am Jul 2, 2010 7:51am
Quoting astral77
I have 3 accounts with forex.com. I recently switched one of them to ninja from mt4 in order to use the fantastic indicators malcom provided. Another reason was that I kept seeing posts by many people saying tic volume of mt4 is very unreliable. please see the attached picture, both are USDCHF 4 hour with gain capital (Forex.com) using better volume indicator with identical setting (the left one is ninja and the right one mt4). I would be grateful if you could comment on this.
MT4 is a software program... when people say that "volume from MT4 is very unreliable", what they mean is that volume from MT4 brokers is not very reliable...

Having said that, I don't understand why with the same broker, but different platforms, you have so different volumes... beats me
  • #849
  • Jul 2, 2010 8:30am Jul 2, 2010 8:30am
Quoting HiddenGap
I think you ment to say, "I entered at the break of the high of the TEST/NS. A successful and ideal test/ns is going to close down with the next bar up and signal strength. A ND is going to close up with the next bar down and signal weakness.

When we talk about an "Up Thrust" where the price closes down and it is a sign of strength,not weakness, it is usually termd Reverse Up thrust. The real key is that it isn't really going up-it's doing the reverse and doing down.

I think you may have just gotten this wrong in your haste. Very nice trade...

Oh cr*p, both you and Ron are correct of course. It is a failing of mine. I make the same mistake on a regular basis. I'm sure if you look at other charts of mine, I will have made the same mistakes on them also.

I tend to call the signs of strength the same as the signs of weakness. I understand fully the difference between them. Its just a terminology thing. Oddly, I dont tend to make the mistake the other way round!

Sorry for any confusion guys. Thanks for letting me know, I'l change the chart shortly.
  • #850
  • Jul 2, 2010 8:40am Jul 2, 2010 8:40am
Quoting Momomoney
Intel,

Thank you for posting this step by step methodology you use. It really helped me clear up the mistakes I have been making. Congrats on catching this big move so precisely too!

Do you prefer to make these VSA observations on hourly charts only?

Regards,

Mo.
Had I not been so hastey, I could have bagged a lot more! But, I was happy with what I had and didn't want to risk losing it.

I use all charts from H1 to M5 but, normally tend to use M30 and M15 more regularly.
  • #851
  • Jul 2, 2010 8:48am Jul 2, 2010 8:48am
Quoting tfflyer
I want to give suggestion to everyone..
Lets say, You see sign of weakness.. and then You see signal bar for short ( UT. You short.. Next You are in eiphory, that Your short went immediately like You wanted. Here comes problem - You are in eiphory and just dont see that sign of strenght come in..

This is problem i have faced with.. When You feel You are in eiphory - just remind to Yourself - i am in eiphory - think logic.

Not sure will it be useful for someone, but maybe.
Also, Tom Williams talks about this thing in his book.
So i remind it...

You're absolutely correct. I personnally think that the exit is the most important part of the trade and is very difficult to get right.

Sometimes you get it right and feel fantastic and sometimes you get it wrong and feel rotten......even when you hade MADE money!!!!!
  • #852
  • Jul 2, 2010 10:22am Jul 2, 2010 10:22am
Quoting honeybhi
Malc your thoughts on NFP please.

sorry was lazy today and did not even bother getting up to trade and by the looks of things good job to .

GU sideways range , same eu and aj horrible.
Blogging daily now at www.volume.zone
  • #853
  • Jul 2, 2010 10:57am Jul 2, 2010 10:57am
Quoting Intel
You're absolutely correct. I personnally think that the exit is the most important part of the trade and is very difficult to get right.

Sometimes you get it right and feel fantastic and sometimes you get it wrong and feel rotten......even when you hade MADE money!!!!!
mate, yesterday an extra ordinary day, nobody expected 300 pips range

if i get take long yesterday, i exit after 100 pips, cause i cant stand for more due to psychlogically, and then i try entering short , and i give back all of them

we call it "greed" mate

well done..

cheers and nice weekends..
  • #854
  • Jul 2, 2010 11:02am Jul 2, 2010 11:02am
Quoting malcolmb14
sorry was lazy today and did not even bother getting up to trade and by the looks of things good job to .

GU sideways range , same eu and aj horrible.
eurusd has done its head probably, after shoulders, but gu seems a bit acc today, and probably for next up move... today's daily cycle is still acc lets say, and we may see any mark up till end of session...

i am not sure, everything depens on sm and they do not any intention so far for any down move..

i will wait for the move if occurs.. no trade at all.
  • #855
  • Jul 2, 2010 12:42pm Jul 2, 2010 12:42pm
es trade today on a 10 min that i took

1) buying climax with lower high
2) effort to rise right into prior open got hit , break back down below prior open was entry

Initial target was 1016 as i know that was globex low wed night

been having internet issues all day with a trojan virus i am getting rid of / scanning for so could not post this earlier.

Attached Image (click to enlarge)
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  • #856
  • Jul 2, 2010 10:46pm Jul 2, 2010 10:46pm
6b looks like we have possible end of a rising market ... low spread on very high vol . this is one of the most powerful signs of selling and market turning we can see in vsa

expecting to see further weakness next week

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  • #857
  • Jul 2, 2010 10:48pm Jul 2, 2010 10:48pm
end of a rising market also

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  • #858
  • Jul 3, 2010 6:31am Jul 3, 2010 6:31am
Quoting malcolmb14
6b looks like we have possible end of a rising market ... low spread on very high vol . this is one of the most powerful signs of selling and market turning we can see in vsa

expecting to see further weakness next week

Attachment
Thanks for the insightful chart, your analysis is always welcomed and is always educational to us less experienced traders. Apreciate your work.
  • #859
  • Jul 3, 2010 9:18am Jul 3, 2010 9:18am
Quoting malcolmb14
end of a rising market also

Attachment
My volume is naturally different: Spot vs. Futures.

My last candle looks like a ND candle. It needs to be confirmed with the next candle down.

Mal, I must be mistaken because I do not see yours as a end of a rising market candle. The reason being that we are not into fresh new territory, or sufficient time has not elapsed since we were in this territory. I see it as a Squat where supply is swamping demand. The volume is high but the range is narrow and the close is in the middle of the range. A clear sign of weakness. What am I missing?

Back to my chart. Price is above the BPL and above the MeanSwing Line. For me that means that neither the trend nor the path of least resistance is down. Following Gavin's and Mal's teaching, at least I hope, means no short yet. I could be wrong here too. Mal, end of a rising market is very powerful, so would you take it even though the Hulls have not changed?
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #860
  • Jul 3, 2010 9:46am Jul 3, 2010 9:46am
maybe it is supply hitting the market and not end of a rising market. I get what you are saying about the fact that we are not In new territory, but that is really only if you consider the prior highs on the daily charts and not this current wave up . On the current wave we are technically into new territory .

Once we see something like this on a daily chart we should wait for some form of confirmation however as we are at 78.6 retrace on daily and gu loves that 78.6 I am in the beginnings of building a longer term sell position .

Quoting HiddenGap
My volume is naturally different: Spot vs. Futures.

My last candle looks like a ND candle. It needs to be confirmed with the next candle down.

Mal, I must be mistaken because I do not see yours as a end of a rising market candle. The reason being that we are not into fresh new territory, or sufficient time has not elapsed since we were in this territory. I see it as a Squat where supply is swamping demand. The volume is high but the range is narrow and the close is in the middle of the range. A clear sign of weakness. What am I missing?...
Blogging daily now at www.volume.zone
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