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vsa with Malcolm

  • #1,581
  • Jul 22, 2010 12:50pm Jul 22, 2010 12:50pm
evening HG sir, you mentioned up bar with low volume, or a ND, so if the up bar with low volume has a wide range, is it a entry signal as well?

thank u for your time

Bethel
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...
  • #1,582
  • Jul 22, 2010 1:02pm Jul 22, 2010 1:02pm
Quoting HiddenGap
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...

The addition of Robs work is interesting and it complements Tg however, once you understand Tradeguider & Rob trades/methods, indicators are not really that important. Just volume and price action.

I am a member of both of these sites and can say that the learning is amazing and worth the money. There is always somebody wanting to make a few extra bucks though if you know what I mean.
  • #1,583
  • Jul 22, 2010 1:10pm Jul 22, 2010 1:10pm
Quoting Bethel
evening HG sir, you mentioned up bar with low volume, or a ND, so if the up bar with low volume has a wide range, is it a entry signal as well?

thank u for your time

Bethel
I knew as soon as I wrote that, I would get called on it. LOL

I would rather see No Demand- up bars/candles on a narrow range with volume less than the previous two bars/candles. But some traders are okay with No Buying Pressure type bars/candles-up bars/candles on a wide range with volume less than the previous two bars/candles. The key is that the BBs are not active as the price rises. Why not? Because they know the market is weak and expect lower prices.

If the hulls have changed color and direction and there is weakness in the background and you have confirmation on more than one timeframe, seeing No Buying Pressure may be just as good as seeing No Demand. The bar/candle name matters less than the concept-low volume up bars/candles after weakness is present.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,584
  • Jul 22, 2010 1:59pm Jul 22, 2010 1:59pm
Quoting HiddenGap
I knew as soon as I wrote that, I would get called on it. LOL

I would rather see No Demand- up bars/candles on a narrow range with volume less than the previous two bars/candles. But some traders are okay with No Buying Pressure type bars/candles-up bars/candles on a wide range with volume less than the previous two bars/candles. The key is that the BBs are not active as the price rises. Why not? Because they know the market is weak and expect lower prices.

If the hulls have changed color and direction and there is weakness in the background...
I am currently trialing the entry after a No Buying/Selling Pressure and I can assure you, it's more difficult than it appears(or at least I'm finding it so). Background is more important than ever if you are looking for more than a few pips. It may be best used as a scalping method.

I don't have a reliable 'read' for them as yet and I'm not sure I will find one. But I will try
  • #1,585
  • Jul 22, 2010 2:34pm Jul 22, 2010 2:34pm
Quoting RaverStyleTim2
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

I will post one later once I get home .
Blogging daily now at www.volume.zone
  • #1,586
  • Jul 22, 2010 5:01pm Jul 22, 2010 5:01pm
Hi Malcolmb

I started using the VSA live from 2 days after learing this system for the last 2 weeks now ( 3 Trades Wins 96 Pips On M15 Chart ) ,

I used to tarde 4H charts sometimes it take couple of days to close a trade with 100-150 Pips TP or SL .

VSA is a very Powerfull trading system , I never thought i can make Pips using M15 charts b4 , Thank you
  • #1,587
  • Jul 22, 2010 7:12pm Jul 22, 2010 7:12pm
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...
I think mal's analysis is spot on - but there is news that could trump this - the first sniff of the eurozone bank stress test data is out today and Barclays/HSBC (two of the Forex Big Boys) hold a lot of euro debt... if the results are worse than expected we could see a violent sell off...

you might want to put a sell stop short as well....

f451
  • #1,588
  • Jul 22, 2010 7:31pm Jul 22, 2010 7:31pm
Quoting f451
I think mal's analysis is spot on - but there is news that could trump this - the first sniff of the eurozone bank stress test data is out today and Barclays/HSBC (two of the Forex Big Boys) hold a lot of euro debt... if the results are worse than expected we could see a violent sell off...

you might want to put a sell stop short as well....

f451
Can anyone tell me what time the stress test news comes out? And which banks, if not all of them?
Si vis pacem, para bellum.
  • #1,589
  • Jul 22, 2010 8:01pm Jul 22, 2010 8:01pm
Quoting tazzam72
Hi Malcolmb

I started using the VSA live from 2 days after learing this system for the last 2 weeks now ( 3 Trades Wins 96 Pips On M15 Chart ) ,

I used to tarde 4H charts sometimes it take couple of days to close a trade with 100-150 Pips TP or SL .

VSA is a very Powerfull trading system , I never thought i can make Pips using M15 charts b4 , Thank you
Am Happy for You . Unlike You , Mal forced me into it.

Inserted Video
  • #1,590
  • Jul 22, 2010 9:47pm Jul 22, 2010 9:47pm
haha, im glad u expected questions...thank u so much!

I see, thank you sir, i believe it will be even better if its not just an upbar but a buying bar? an upbar has the possibility of a lower low than prev candle although it closes higher, i hope my understanding of upbar n buying bar is correct....do correct me if im wrong.

thank you for your time,
Bethel

Quoting HiddenGap
I knew as soon as I wrote that, I would get called on it. LOL

I would rather see No Demand- up bars/candles on a narrow range with volume less than the previous two bars/candles. But some traders are okay with No Buying Pressure type bars/candles-up bars/candles on a wide range with volume less than the previous two bars/candles. The key is that the BBs are not active as the price rises. Why not? Because they know the market is weak and expect lower prices.

If the hulls have changed color and direction and there is weakness in the background...
  • #1,591
  • Jul 22, 2010 10:41pm Jul 22, 2010 10:41pm
just shorted aj near 6/8 MML 77.292

SL 77.55, TP 76.7

reason for entry: weakness in background, effort to rise seems to yield no result.

please comment, thank u
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  • #1,592
  • Edited 11:39pm Jul 22, 2010 11:22pm | Edited 11:39pm
Quoting Duce
Can anyone tell me what time the stress test news comes out? And which banks, if not all of them?
I believe the results are coming out today after european stock markets close - so look for action in the new york session

91 banks being stress tested ~ 65% of the big banks.

List of banks involved in the tests - http://www.iie.com/realtime/?p=1673#_ftntable

google for more info

cheers
f451
  • #1,593
  • Jul 23, 2010 12:05am Jul 23, 2010 12:05am
Quoting f451
I believe the results are coming out today after european stock markets close - so look for action in the new york session

91 banks being stress tested ~ 65% of the big banks.

List of banks involved in the tests - http://www.iie.com/realtime/?p=1673#_ftntable

google for more info

cheers
f451
remember when the us banks were stress tested .... everything is all good , even though to this day they are losing billions every month due to foreclosures. My estimate 30 bill a month and that is conservative but due to lack of mark to market ruling they do not have to report these losses

all euro banks will be fine .... I do not see this as being an issue and even if it is they will push eu to 1.3000 r before the stress tests come out ( then they can sell at deep discount)
Blogging daily now at www.volume.zone
  • #1,594
  • Jul 23, 2010 12:17am Jul 23, 2010 12:17am
Quoting malcolmb14
remember when the us banks were stress tested .... everything is all good , even though to this day they are losing billions every month due to foreclosures. My estimate 30 bill a month and that is conservative but due to lack of mark to market ruling they do not have to report these losses

all euro banks will be fine .... I do not see this as being an issue and even if it is they will push eu to 1.3000 r before the stress tests come out ( then they can sell at deep discount)
I agree - even if the media react badly to the results, it's just an opportunity to trade short after the prices get pushed higher
  • #1,595
  • Jul 23, 2010 1:05am Jul 23, 2010 1:05am
Quoting f451
I agree - even if the media react badly to the results, it's just an opportunity to trade short after the prices get pushed higher
This came out in ForexLive at exactly 5:40 GMT and € dropped ~40 pips, so todays fun and games have already started......



Several Spanish savings banks fail stress tests – El Pais newspaper

EUR/USD slips back below 1.2900, presently at 1.2885.
Trading Levels with WRBs
  • #1,596
  • Jul 23, 2010 1:26am Jul 23, 2010 1:26am
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  • #1,597
  • Jul 23, 2010 1:28am Jul 23, 2010 1:28am
Making for an interesting day on EG, one assumes.

Quoting Islander
This came out in ForexLive at exactly 5:40 GMT and € dropped ~40 pips, so todays fun and games have already started......



Several Spanish savings banks fail stress tests – El Pais newspaper

EUR/USD slips back below 1.2900, presently at 1.2885.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #1,598
  • Jul 23, 2010 1:38am Jul 23, 2010 1:38am
Quoting 45Condor
Making for an interesting day on EG, one assumes.


....and cable too, that € drop pulled it back to its Days Open level for a nice buy.....
Trading Levels with WRBs
  • #1,599
  • Jul 23, 2010 2:09am Jul 23, 2010 2:09am
Ducking into the bunker today...

Good luck to all that venture onto the battlefield - I fear too many are going to take punts today, and possible have their accounts shot to pieces as the 'big guns' start firing.

Quoting Islander
....and cable too, that € drop pulled it back to its Days Open level for a nice buy.....
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #1,600
  • Jul 23, 2010 3:40am Jul 23, 2010 3:40am
Damn, I only took half the move on euro/usd. Oh well, better half than nothing Was not expecting such a move at all. Although was not expecting to see such a mess on the charts this week either. Have a great day and weekend guys, too hot for me to be able to work properly
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