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vsa with Malcolm

  • #981
  • Jul 6, 2010 9:04am Jul 6, 2010 9:04am
That poor US news has sent the euro skywards.
  • #982
  • Jul 6, 2010 9:11am Jul 6, 2010 9:11am
Eur just caught a lot of traders short. Wait for price to roll over and a no demand back up into the high, thats the only short trade I will take today.
  • #983
  • Jul 6, 2010 9:13am Jul 6, 2010 9:13am
Quoting kamise
weakness already in the background

I will look for an up move with no demand or ut inside WRB S/D Delta Zone to confirm then wait till the trend diamond turn red
Wow, not sure what to make of all that volume. There are signs of a long coming but, you'd better set your SL to 5000 pips or you'll get stopped

If its news based volume as Ron says, that would make sense for the up move coming.

CAUTION I THINK.
  • #984
  • Jul 6, 2010 9:19am Jul 6, 2010 9:19am
Quoting SilverKnight
Anyone had any experience with using the period converter to ceate different time frame charts for MT4? Are they VSA worthy? The volume data which is produced is it accurate? Just curious to know if anyone has ever tried that.

I'd like to get 10 min charts or 3 min charts, without having to get esignal! ... have my cake and eat it too I guess... hehe...

Thanks,

-SilverKnight-
yes, this indicator is simple.
1.drag indicator onto chart you wish to mulitply from(i.e, you said 10 min, so drag this indicator onto a 5 minute chart)
2.CHECK ALLOW DLL IMPORTS
3.change paramaters, period multiplyer = 2 because you want 10 min chart, 5x2=10
4. click on file, open offline, and you'll see the 10 min chart. apply templates, indies. etc.
Attached File(s)
File Type: ex4 Period_Converter_Opt.ex4   9 KB | 337 downloads
  • #985
  • Jul 6, 2010 9:25am Jul 6, 2010 9:25am
Here's the period converter indi that allows you to create charts of say 2/3/ etc minutes, in fact in multiples of 1 min.
Add it to any chart of 1min. In the inputs, change period multiplier to say 2 for a 2min chart, 7 for a 7min chart etc., whatever you want.
Then go to File/Open Offline. You will see a list of pairs with time. Open the one you want eg GBPUSD 2min, if that is what you created with the period converter.
Voila! Add your indis/template.
Note you must keep the 1 min chart open at all times for the 2min to run. You can minimise the 1 min chart.
You can run multiple non-standard tf's from a single chart, by adding the period converter again, with the multiplier you want.
Hope this helps.
p.s from common Allow DDL imports

originally was posted by Pardy
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 443 downloads
  • #986
  • Jul 6, 2010 9:26am Jul 6, 2010 9:26am
Quoting RaverStyleTim2
yes, this indicator is simple.
1.drag indicator onto chart you wish to mulitply from(i.e, you said 10 min, so drag this indicator onto a 5 minute chart)
2.CHECK ALLOW DLL IMPORTS
3.change paramaters, period multiplyer = 2 because you want 10 min chart, 5x2=10
4. click on file, open offline, and you'll see the 10 min chart. apply templates, indies. etc.

Hey, Thanks very much Mate!

-SilverKnight-
  • #987
  • Jul 6, 2010 9:29am Jul 6, 2010 9:29am
RaverStyleTim2
pologise man didnt notice you have all ready got it
  • #988
  • Jul 6, 2010 9:53am Jul 6, 2010 9:53am
Quoting Intel
Where are you seeing that Tao?
i see some potential hidden sellers , as we know when the
market is weak , they will pretty much sell you Garbage..lol
Looking for a no -demand on the 1 hr climax volume.
the buy was a my scalp trade before the ISM news release , lets
see if they use it to dump buy orders...For some reason ES has decided
to rip today--caution..
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 22 KB
  • #989
  • Jul 6, 2010 10:43am Jul 6, 2010 10:43am
Quoting taomql4
i see some potential hidden sellers , as we know when the
market is weak , they will pretty much sell you Garbage..lol
Looking for a no -demand on the 1 hr climax volume.
the buy was a my scalp trade before the ISM news release , lets
see if they use it to dump buy orders...For some reason ES has decided
to rip today--caution..
EU M15

This could be your short entry in the making.
  • #990
  • Jul 6, 2010 10:47am Jul 6, 2010 10:47am
Quoting Intel
EU M15

This could be your short entry in the making.
Also..

Watching 5 min / 30 min ND , possible early entry.....

DRAMA on 5 TF--after the climax vol on 5 min , volume decreasing as market rises, upthrust , maybe ND ..Good sign SHORT..
  • #991
  • Edited 10:52am Jul 6, 2010 10:49am | Edited 10:52am
Quoting taomql4
Also..

Watching 5 min / 30 min ND , possible early entry.....
Entry at about 2633.
  • #992
  • Jul 6, 2010 10:52am Jul 6, 2010 10:52am
Quoting Intel
Entry at about 2633.

Stop at about 2660?
  • #993
  • Jul 6, 2010 11:03am Jul 6, 2010 11:03am
I shorted GU.
From Up till low now.

Great and fast pips.


Best,
Tom
  • #994
  • Jul 6, 2010 11:26am Jul 6, 2010 11:26am
Quoting Intel
Stop at about 2660?
Good Morning Intel,

The daily high on May 21st was 1.2672 so I was thinking a stop above that would be reasonable for myself when I do go short. However, I am still waiting for some more confirmations prior to shorting EU right now.

Thanks!

Mo.
  • #995
  • Jul 6, 2010 11:34am Jul 6, 2010 11:34am
same thing here. although i don't still see any VSA support for this, i think we could go down a few pips into Asia.

just posted this on another thread:

second attempt on 1.266 on the 15m. lower volume now. today's candle is already 182 pips wide. also we are at the top of the channel formed with the lows of 7 and 29th of june and high of the 21st.

short now?
thinking of shorting now with sl at 12675 and t 1.2621. waiting for confirmation candle and expecting asia to bring eu down a little.

hapipipin
dreams do come true.
  • #996
  • Jul 6, 2010 11:47am Jul 6, 2010 11:47am
I see, so an extra candle on the 15min may cause the background to change, and if the hrly n 4hrly trend is down n we do not see any strength yet, we shall short it accordingly, thank you!

Bethel


Quoting f451
Yes. 15M, or any timeframe where you are looking for your confirmation bars. If you're looking for a confirmation bar after weakness (i.e no demand), but instead you see a wide spread high volume up bar then there is still strength and it's not time to go short. Conversely if you are looking for a successful low volume test after strength in background but you see a wide spread high volume down bar, it's not yet time to go long. recheck the background. Stay out of the trade if it doesn't make sense.


If a higher TF shows weakness in the background,...
  • #997
  • Jul 6, 2010 11:58am Jul 6, 2010 11:58am
Hi malc, digress abit here, u mentioned 21 n 50 for hma indicators, so do you look at 21 HMA when you refer to it turning red/green b4 u take action?

Thank you for your time

Cheers,
Bethel
  • #998
  • Jul 6, 2010 12:00pm Jul 6, 2010 12:00pm
Quoting Intel
EU M15

This could be your short entry in the making.
actually took this one.
Attached Image (click to enlarge)
Click to Enlarge Name: dd.gif Size: 20 KB
  • #999
  • Jul 6, 2010 12:53pm Jul 6, 2010 12:53pm
Quoting tfflyer
I shorted GU.
From Up till low now.

Great and fast pips.


Best,
Tom
the only short entry i saw it was around 1.5180 but it was in R1daily area...we had signs of weakness at the top but at that moment the trend was still up. so...can you explain your entry?
"Imagination is more important than knowledge" Einstein
  • #1,000
  • Jul 6, 2010 12:57pm Jul 6, 2010 12:57pm
Quoting RaverStyleTim2
actually took this one.

It would be useful if you can anotate your charts with reasons for entry and on which bar you actually entered.

Thanks
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