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vsa with Malcolm

  • #1,561
  • Jul 22, 2010 8:17am Jul 22, 2010 8:17am
Quoting Intel
Did you take it?
Yes.

Quoting Intel
Did you get stopped out or did you have your SL low enough?
Yes I go stopped out. Being early is the same thing as being wrong. London did offer some nice signs of strength. 0220 hrs was stopping volume and 0240 hrs was a shake out.

I really don't like to enter a position before 0100 hrs (EST). I think that was the real mistake. The set-up was good and should be taken 100 times out of 100.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,562
  • Jul 22, 2010 8:50am Jul 22, 2010 8:50am
I like the way this 15 min Eur chart is shaping up. Could be a nice two bar reversal to get us up past 1.2900. Whats your thoughts all.
Attached Image (click to enlarge)
Click to Enlarge Name: twobar reversal.jpg Size: 90 KB
  • #1,563
  • Jul 22, 2010 9:15am Jul 22, 2010 9:15am
Squat on EU M15.. I'm long
  • #1,564
  • Jul 22, 2010 9:18am Jul 22, 2010 9:18am
Quoting Sonofsin5
I like the way this 15 min Eur chart is shaping up. Could be a nice two bar reversal to get us up past 1.2900. Whats your thoughts all.

And it did! That down move yesterday destroyed some short accounts. Gotta love Forex.
  • #1,565
  • Jul 22, 2010 9:45am Jul 22, 2010 9:45am
Quoting Sonofsin5
And it did! That down move yesterday destroyed some short accounts. Gotta love Forex.
Further signs of no selling pressure evident on the EU, we could see ~1.3, maybe not today though, its looking tired as it's range is surpassed.
  • #1,566
  • Jul 22, 2010 9:53am Jul 22, 2010 9:53am
Anybody in the live VSA club webinar right now?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,567
  • Jul 22, 2010 10:13am Jul 22, 2010 10:13am
Quoting HiddenGap
Anybody in the live VSA club webinar right now?

Yes
  • #1,568
  • Jul 22, 2010 10:14am Jul 22, 2010 10:14am
Quoting Sonofsin5
Yes
Gavin has a long Eur order at 1.2919
  • #1,569
  • Jul 22, 2010 10:15am Jul 22, 2010 10:15am
Watch the GBPUSD on the 5, possible two bar reversal but it is aggresive.
  • #1,570
  • Jul 22, 2010 10:28am Jul 22, 2010 10:28am
Quoting Sonofsin5
Gavin has a long Eur order at 1.2919
Noticed he didn't put the order above the high of the No Supply bar but rather the close of the Supply bar.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,571
  • Jul 22, 2010 10:31am Jul 22, 2010 10:31am
Quoting HiddenGap
Noticed he didn't put the order above the high of the No Supply bar but rather the close of the Supply bar.

I think that is becuase the nosupply bar around 1.2900 was an entry in itself and he didnt need the extra confirmation of 1pip above the supply bar.
  • #1,572
  • Jul 22, 2010 10:42am Jul 22, 2010 10:42am
Quoting HiddenGap
Noticed he didn't put the order above the high of the No Supply bar but rather the close of the Supply bar.
could you kindly justify the entry? don't have access to vsa club.

but i thought the contrary, i saw weakness in background (H4) and M15.
  • #1,573
  • Jul 22, 2010 10:53am Jul 22, 2010 10:53am
Quoting hwsv07
could you kindly justify the entry? don't have access to vsa club.

but i thought the contrary, i saw weakness in background (H4) and M15.
Well, he did take a quick short after a No Demand bar following the supply bar. This, however, is a counter trend trade. The diamonds remained green and the bars remained blue. These two things define the trend as up and thus a trend trader should only be looking to trade longs.

The ideal short comes if prices roll over in a "Mushroom" shape and you get a change in the color of the price bars and you get a change in the color of the diamonds. Then you look for a low volume UP bar, or No Demand to get short.

But since the trend stayed up, the correct thing to do is look for a low volume DOWN bar in the range of the the high volume Supply bar.

Basically, Gavin wasn't doing what he preaches in 99.9% of his public webinars.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,574
  • Jul 22, 2010 11:04am Jul 22, 2010 11:04am
anyway i shorted at 1.29 SL 1.293.

thought it was good entry cos there was no result to the effort and with weakness in background.

i thought the trend was done. din have TG so observed trend by looking left to right. haha. no diamonds just naked.

Quoting HiddenGap
Well, he did take a quick short after a No Demand bar following the supply bar. This, however, is a counter trend trade. The diamonds remained green and the bars remained blue. These two things define the trend as up and thus a trend trader should only be looking to trade longs.

The ideal short comes if prices roll over in a "Mushroom" shape and you get a change in the color of the price bars and you get a change in the color of the diamonds. Then you look for a low volume UP bar, or No Demand to get short.

But since the trend stayed up, the...
  • #1,575
  • Jul 22, 2010 11:10am Jul 22, 2010 11:10am
Quoting HiddenGap
Well, he did take a quick short after a No Demand bar following the supply bar. This, however, is a counter trend trade. The diamonds remained green and the bars remained blue. These two things define the trend as up and thus a trend trader should only be looking to trade longs.

The ideal short comes if prices roll over in a "Mushroom" shape and you get a change in the color of the price bars and you get a change in the color of the diamonds. Then you look for a low volume UP bar, or No Demand to get short.

But since the trend stayed up, the...

He said it was ultra aggresive and it was. The diamonds are really what kept him wanting to look for a long trade. You are right though, 99.9% of the time he wont take that trade.
  • #1,576
  • Jul 22, 2010 11:40am Jul 22, 2010 11:40am
what ...HG in a tradeguider seminar .... lol .... r u converted yet ?

Hope all is well and thanks for the awesome posts on the thread.

Quoting HiddenGap
Well, he did take a quick short after a No Demand bar following the supply bar. This, however, is a counter trend trade. The diamonds remained green and the bars remained blue. These two things define the trend as up and thus a trend trader should only be looking to trade longs.

The ideal short comes if prices roll over in a "Mushroom" shape and you get a change in the color of the price bars and you get a change in the color of the diamonds. Then you look for a low volume UP bar, or No Demand to get short.

But since the trend stayed up, the...
Blogging daily now at www.volume.zone
  • #1,577
  • Jul 22, 2010 11:41am Jul 22, 2010 11:41am
Quoting malcolmb14
what ...HG in a tradeguider seminar .... lol .... r u converted yet ?

Hope all is well and thanks for the awesome posts on the thread.
LOL

I was wondering!!!!!!!
  • #1,578
  • Jul 22, 2010 11:55am Jul 22, 2010 11:55am
lets looks at eu as it is being discussed ...

one thing that was not taken into account when Gavin was looking at potential long 1.2919 was that the days range was complete at 1.2920 and we reversed off that to the pip . It is only on exceptional days that we get overextension of days range ( noticed about 2% of the time only)

However hulls and trend diamonds on trade guider are both still green on the 60 min

we have potential supply hitting the market at the peak of the days range. which for now has sent the market into a little retrace mode.

As long as that 1.2880 support level holds under us we need to look for shakes outs / tests / stopping volume in frankie or London for move to 1.3000 or just above , 5 days range is 170 pip , so a low of 1,2880 has a potential to take us into 1.3050

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Blogging daily now at www.volume.zone
  • #1,579
  • Jul 22, 2010 12:20pm Jul 22, 2010 12:20pm
Quoting malcolmb14
what ...HG in a tradeguider seminar .... lol .... r u converted yet ?

Hope all is well and thanks for the awesome posts on the thread.
LOL.

As you know, I do like to look at a TG chart every now and then. But I attend every webinar possible because I love just hearing and thinking about VSA.

I was moving more into the TG camp, but now am not sure with the addition of Rob's work. Nothing against Rob, but don't know if that doesn't move the product away from its essence. As I recall, Tom did not like TG when it first came out because it had things like a Stochastic indicator available. So I got to wonder what he really thinks now.

Then again, I have the BPL on my charts now (as a proxy for the diamonds) so I am at least partially converted.

But certainly not so much as to ever recommend someone spend $5,000.00 on it. I guide traders to posters like you and Intel as long as you both keep posting for free.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,580
  • Jul 22, 2010 12:25pm Jul 22, 2010 12:25pm
sure its been asking and it might've even been posted, but is there a nice indie on mt4 for doing your daily range? like plotting a line

Quoting malcolmb14
lets looks at eu as it is being discussed ...

one thing that was not taken into account when Gavin was looking at potential long 1.2919 was that the days range was complete at 1.2920 and we reversed off that to the pip . It is only on exceptional days that we get overextension of days range ( noticed about 2% of the time only)

However hulls and trend diamonds on trade guider are both still green on the 60 min

we have potential supply hitting the market at the peak of the days range. which for now has sent the market into a little retrace...
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