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vsa with Malcolm

  • #1,141
  • Jul 8, 2010 11:12pm Jul 8, 2010 11:12pm
Quoting Vanhook2
The A/J Is still showing strength, along with others.
Laugh if you want...
It sounds a decent enough idea to me. I presume you make a note of the various levels at different times of the day to help with the overall picture. It may be a lagging indicator as someone said, but other than price itself so are all of them to one degree or another.

If it helps you, why worry?
  • #1,142
  • Jul 8, 2010 11:27pm Jul 8, 2010 11:27pm
Quoting malcolmb14
I was going to get this done for esignal

Howver instead I have it done for hulls , hulls alert goes off I look to see if strength / weakness in background to confirm trade

here is one that just went off on aj entered trade 77.24 , stop bottom of 15 min candle.

I did not label 1 , 2 and 3 ... hoping someone could see if they can fill in the blanks.

Attachment

after coming off a really nice bottom and testing that level 9 well not quiet came about 4 pips off my stop the strength we saw on aj has continued and right now we are testing londons highs of yesterday. expecting price to keep moving up into the 78.20 / 78.40 area.

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  • #1,143
  • Jul 8, 2010 11:28pm Jul 8, 2010 11:28pm
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  • #1,144
  • Jul 8, 2010 11:35pm Jul 8, 2010 11:35pm
What's the purpose of locking traders out? To encourage them to chase, enter later to continue momentum, provide someone to buy back into etc?
  • #1,145
  • Jul 9, 2010 12:06am Jul 9, 2010 12:06am
I'm not that familiar with AJ, but the rejection yesterday was at the 61.8 fib of the last major move down (it actually retraced to the 50%, touched it twice and bounced off it), so it needs to clear that if it's going any further.
  • #1,146
  • Jul 9, 2010 12:10am Jul 9, 2010 12:10am
Quoting Mr J
What's the purpose of locking traders out? To encourage them to chase, enter later to continue momentum, provide someone to buy back into etc?
normally price is marked up thru r or down thru s to lock traders in that would otherwise be selling (or buying) into the professionals direction
Blogging daily now at www.volume.zone
  • #1,147
  • Jul 9, 2010 12:30am Jul 9, 2010 12:30am
Quoting malcolmb14
normally price is marked up thru r or down thru s to lock traders in that would otherwise be selling (or buying) into the professionals direction
Locking out, not locking in. I've seen it referred to a few times in VSA material. E.g., in MtM is says:

Quote
Wide spreads up are designed to lock you out of the market rather than attempting to suck you in.
Page 29, talking about marking up rapidly above the left. If the idea is to punch above resistance into new highs (to prevent weak holders from selling), surely drawing other buyers into the market would be beneficial, unless they're being kept on the sidelines for later. Why?


1) MtM has a psychological emphasis, so possibly the would-be buyers are being kept on the sidelines to encourage emotional buying at higher prices.
2) Preventing supply coming in if and when these would-be buyers want to take profits.
3) Preventing other participants from profiting, so the losers have a little more to lose to you in the future.

I just haven't seen an explanation behind the reason to lock other traders out of the market.
  • #1,148
  • Jul 9, 2010 12:44am Jul 9, 2010 12:44am
the reason the market moves up fast...you have to ask your self....what phase is this.?? accumulation or profit taking.
this is usually done in profit taking phase...if SM has acc a huge buy position they want to get price up as fast as possible...so that you miss the move and can't get in... the SM can sell more at higher prices......if they can get price up quickly... before the herds...jump on the trend.
and also those that are wrong are hurt quite quickly as well

I just haven't seen an explanation behind the reason to lock other traders out of the market.[/quote]
  • #1,149
  • Jul 9, 2010 12:57am Jul 9, 2010 12:57am
Quoting Twiitch
so that you miss the move and can't get in... the SM can sell more at higher prices.
So you're suggesting the primary aim is to price potential buyers out so they never get in, which removes competition when it comes time to cover?
  • #1,150
  • Jul 9, 2010 1:32am Jul 9, 2010 1:32am
I don't understand that section of MtM either. I'm probably missing something, but it seems to me illogical and self-contradictory. It seems to be suggesting that SM wants to take out short stops (ie force existing shorters to buy), whilst at the same time preventing new buyers coming in.

I'm sure there's some rationale behind it but it's not clear to me what it is.
  • #1,151
  • Jul 9, 2010 1:41am Jul 9, 2010 1:41am
Dear VSA Gurus,

Is it just me or is there no interesting VSA developments on any one of the majors this morning? Can't really see any opportunity developing at the moment on EURUSD, GBPUSD, AUDUSD or AUDJPY.

Am I missing something?

Thanks,

Mo.
  • #1,152
  • Jul 9, 2010 1:59am Jul 9, 2010 1:59am
Hey guys, do you also see this mega huge volume on daily gbp/usd (also other pairs)? It's just so weird.
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  • #1,153
  • Jul 9, 2010 2:01am Jul 9, 2010 2:01am
Quoting Momomoney
Dear VSA Gurus,

Is it just me or is there no interesting VSA developments on any one of the majors this morning? Can't really see any opportunity developing at the moment on EURUSD, GBPUSD, AUDUSD or AUDJPY.

Am I missing something?

Thanks,

Mo.

Finally, things are moving. yes!
  • #1,154
  • Jul 9, 2010 2:03am Jul 9, 2010 2:03am
Quoting comapip
Hey guys, do you also see this mega huge volume on daily gbp/usd (also other pairs)? It's just so weird.
Nothing like that on mine. Looks like a problem with your data feed.
  • #1,155
  • Jul 9, 2010 2:04am Jul 9, 2010 2:04am
Quoting Ronlizard
whilst at the same time preventing new buyers coming in.
If it's a shorterm move:
- Locking out buyers means there's less of a rush to the door when it comes to close positions.
- Some of these buyers may chase and enter near highs, giving pros more buying to sell into.

If it's a longterm move:
- Many buyers may buy sometime in the future, maintaining better momentum (buying is more staggered).
- Some of these buyers may chase and enter near highs, and then be shaken out.

That's my theory unless someone comes along with a better explanation.

Quoting comapip
Hey guys, do you also see this mega huge volume on daily gbp/usd
No. I got a bit of that yesterday, just a bad quote.
  • #1,156
  • Jul 9, 2010 2:05am Jul 9, 2010 2:05am
Quoting Ronlizard
Nothing like that on mine. Looks like a problem with your data feed.
absolutely. don't pay attention to those abnormally crazy high volume bars on MT4..
  • #1,157
  • Jul 9, 2010 2:11am Jul 9, 2010 2:11am
Quoting Mr J
If it's a shorterm move:
- Locking out buyers means there's less of a rush to the door when it comes to close positions.
- Some of these buyers may chase and enter near highs, giving pros more buying to sell into.

If it's a longterm move:
- Many buyers may buy sometime in the future, maintaining better momentum (buying is more staggered).
- Some of these buyers may chase and enter near highs, and then be shaken out.

That's my theory unless someone comes along with a better explanation.



No. I got a bit of that yesterday, just a bad quote.
You may be right. I suppose too that MtM isn't just or even primarily about the forex market. That kind of orderly accumulation and subsequent distribution would make sense in a market with a limited amount of floating supply.
  • #1,158
  • Jul 9, 2010 2:12am Jul 9, 2010 2:12am
Quoting Ronlizard
I don't understand that section of MtM either. I'm probably missing something, but it seems to me illogical and self-contradictory. It seems to be suggesting that SM wants to take out short stops (ie force existing shorters to buy), whilst at the same time preventing new buyers coming in.

I'm sure there's some rationale behind it but it's not clear to me what it is.
MTM is nothing but a big ad for TG. If you "get it" they can't sell you their software. Think of volume as a measure of activity or lack thereof. Spend time learning to see and trade the patterns based on the background rather than trying to figure out what some big group of trading boogymen are doing.
Reserved
  • #1,159
  • Jul 9, 2010 2:17am Jul 9, 2010 2:17am
Quoting comapip
Hey guys, do you also see this mega huge volume on daily gbp/usd (also other pairs)? It's just so weird.

I dont have that big spike in volume on FXCM.
  • #1,160
  • Jul 9, 2010 2:29am Jul 9, 2010 2:29am
Alright, thanks! I'll just ignore all of that then.
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