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vsa with Malcolm

  • #1,681
  • Jul 27, 2010 9:15am Jul 27, 2010 9:15am
Quoting forexer101
Sorry if no chart, but it's the current market of Gold. I notice a spike in volume for the past hour with a big bear candle. does that indicate weakness to bear signal?

Need to see a chart.
  • #1,682
  • Jul 27, 2010 9:24am Jul 27, 2010 9:24am
below..
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd_h1.gif Size: 45 KB
  • #1,683
  • Jul 27, 2010 9:35am Jul 27, 2010 9:35am
Quoting forexer101
below..
Yes it's weak but you may have missed it. Keep an eye on what happens now.
  • #1,684
  • Edited 10:51am Jul 27, 2010 9:43am | Edited 10:51am
Quoting Intel
Yes it's weak but you may have missed it. Keep an eye on what happens now.
according to VSA, which I haven't understood much, if this hour closes with lower volume and over 80% ratio of bear candle:wick, will that indicate bull signal?
  • #1,685
  • Jul 27, 2010 9:44am Jul 27, 2010 9:44am
Hi,

I'd like to share this AllAverages Monitor with you guys. If you have used my BetterVolume Monitor before, I think it is easy for you to use this. You need to use it with "AllAverage_v2.1 cc", which Islander once shared it in this thread.



Major functions are as folows:

  1. Monitor upto six symbols's all timeframes moving averages (provided by "AllAverages v_2.1 cc", including HULL, SMA, EMS, etc.).
  2. Since AllAverages indicator repaints the bar0 and bar1, the reversal signal is based on bar2. When it appears, we display it with "X", when the moving averages is up trend, we display it with "U", and "D" for down trend.
  3. You can let it alert when there is a chance for trend reversal.

Key parameters are explained as follows:

"--- AllAverages_v2.1 cc.exe Setting ---":
MA_Period = 21; // regarding hull, malcolmb uses 21 :-)
MA_Shift = 0; // just let it be zero
MA_Method = 8; // means Hull ma, 0 for sma, 1 for ema, ...

other parameters are similar to Volume Monitor indicator.

As stated before, I am still in the learing curve regarding trading forex. I am willing to share my own indicator just for show my respect and gratitude to this community. Hope you like it.

cheers,

polomine

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 20 KB
Attached File(s)
File Type: mq4 AllAverages_v2.1 cc.mq4   15 KB | 708 downloads
File Type: ex4 iPolo - HMA Monitor v1.0.ex4   15 KB | 527 downloads
  • #1,686
  • Jul 27, 2010 10:43am Jul 27, 2010 10:43am
mal,

what do you make of the current situation?

only GY has a clear breakout.
EU has a shakeout?
  • #1,687
  • Jul 27, 2010 11:46am Jul 27, 2010 11:46am
Great job on the indicator Polomine. Thanks for sharing!
  • #1,688
  • Jul 27, 2010 12:53pm Jul 27, 2010 12:53pm
Quoting forexer101
according to VSA, which I haven't understood much, if this hour closes with lower volume and over 80% ratio of bear candle:wick, will that indicate bull signal?
No.

It would mean that the large WRB had selling if the next candle also closed equal or greater. However it would not be a bull signal. A bull signal would come when the trend changes and the volume on down candles dries up.

Based on the chart shown (sorry its been a few hours) but that looks like its going to be efffort to fall-weakness.

Don't try and pick tops and bottoms. Let them pick themselves.........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,689
  • Jul 27, 2010 1:13pm Jul 27, 2010 1:13pm
Quoting HiddenGap
No.

It would mean that the large WRB had selling if the next candle also closed equal or greater. However it would not be a bull signal. A bull signal would come when the trend changes and the volume on down candles dries up.

Based on the chart shown (sorry its been a few hours) but that looks like its going to be efffort to fall-weakness.

Don't try and pick tops and bottoms. Let them pick themselves.........
Still have a lot to learn. I'm not in any position atm. The quote stays between 1159~1162 area, almost like a flat bear-flag. Do you perhaps any visual examples on up signals for this VSA strategy?
  • #1,690
  • Jul 27, 2010 1:14pm Jul 27, 2010 1:14pm
here a pic of EU. how do u make of it? lot's of down wicks, on huge volume too, not one close of the hourly below 980. it would seem to me that this was bull strength but i see many experienced traders quite positive we are going down from here...

would appreciate your input

Thanks and hapipipin
Attached Image
dreams do come true.
  • #1,691
  • Jul 27, 2010 1:18pm Jul 27, 2010 1:18pm
Quoting wannaberich
here a pic of EU. how do u make of it? lot's of down wicks, on huge volume too, not one close of the hourly below 980. it would seem to me that this was bull strength but i see many experienced traders quite positive we are going down from here...

would appreciate your input

Thanks and hapipipin

make it is s****ed up and needs time to work itself out

for sure it hit a wall of sellers..... but that down move this morning on the 30 min seems to have some buyer sitting right under here, again same as gu there is major R overhead and IF pros want higher prices they will have to absorb a ton of sellers 1st ....
Blogging daily now at www.volume.zone
  • #1,692
  • Jul 27, 2010 1:23pm Jul 27, 2010 1:23pm
i am s****ed up with it as i am long LOL

(just trying to understand) but isn't that a wall of buyers?

we saw it hit 008 and come down. typicall shake out. but when it tried to go lower it found a huge wall of buyers and failled.

it is as if even the syndicated have diferent opinions here and are fighting each other

PS looking once again i see 2 shakeouts. one at 14h00 gmt (one hourly up bar and same size down bar next and another one at the release of the news,where it went to 3008 on my book)

Quoting malcolmb14
make it is s****ed up and needs time to work itself out

for sure it hit a wall of sellers..... but that down move this morning on the 30 min seems to have some buyer sitting right under here, again same as gu there is major R overhead and IF pros want higher prices they will have to absorb a ton of sellers 1st ....
dreams do come true.
  • #1,693
  • Jul 27, 2010 2:27pm Jul 27, 2010 2:27pm
es gu and eu have massiver overhead resistanceo n all of them

If pros want higher prices and bulls win they will have a lot of absorbation to do . I do not think we will see a smooth market till later this week , but i am expecting a breakout eu to 1.3100 1st then 1.3300

Quoting wannaberich
i am s****ed up with it as i am long LOL

(just trying to understand) but isn't that a wall of buyers?

we saw it hit 008 and come down. typicall shake out. but when it tried to go lower it found a huge wall of buyers and failled.

it is as if even the syndicated have diferent opinions here and are fighting each other

PS looking once again i see 2 shakeouts. one at 14h00 gmt (one hourly up bar and same size down bar next and another one at the release of the news,where it went to 3008 on my book)
Blogging daily now at www.volume.zone
  • #1,694
  • Jul 27, 2010 3:20pm Jul 27, 2010 3:20pm
Quoting malcolmb14
es gu and eu have massiver overhead resistanceo n all of them

If pros want higher prices and bulls win they will have a lot of absorbation to do . I do not think we will see a smooth market till later this week , but i am expecting a breakout eu to 1.3100 1st then 1.3300

Could go 1 of 2 ways,

1. Ranging accumulation for a while then an up move.

2. A sharp up move very soon, maybe even a gap up.


If 1 happens, it will probably mean that prices will continue to rise for a while because, SM will only re-accumulate(buy more stock) if they are confident they can Sell at the required profit margin.

If 2 happens, I think we will see a strong retrace fairly quickly.
  • #1,695
  • Jul 27, 2010 6:25pm Jul 27, 2010 6:25pm
Quoting polomine
Hi,

I'd like to share this AllAverages Monitor with you guys...

As stated before, I am still in the learing curve regarding trading forex. I am willing to share my own indicator just for show my respect and gratitude to this community. Hope you like it.

cheers,

polomine
Hello Polomine

many of us use RSX and if you want to modify RSX indicator to give alert when it cross anytime...You told me you don't use it but...

Thank you
The Market pays you to be disciplined
  • #1,696
  • Jul 27, 2010 7:23pm Jul 27, 2010 7:23pm
Quoting malcolmb14
classic low vol test in this gu 15 min , with hulls green this is what we should be looking for if we missed the original entry

Attachment
I missed this one because I didn't see a confirmation no supply or test

Later I looked a the 5min chart and saw enough confirmation that I would have gone in if I'd been watching 5min then

Malcolm do you ever take trades without a confirmation bar (test, no supply for long, no demand for short) just on the hull changing?

cheers
f451
  • #1,697
  • Jul 27, 2010 9:00pm Jul 27, 2010 9:00pm
Hi, mima

I don't use rsx simply because I have no idea about it. Could you explain it for me and attach one rsx indicator in this thread? So, after I coded up an indicator for hull, I could do the same thing for rsx.

cheers,

Quoting mima
Hello Polomine

many of us use RSX and if you want to modify RSX indicator to give alert when it cross anytime...You told me you don't use it but...

Thank you
  • #1,698
  • Jul 27, 2010 9:42pm Jul 27, 2010 9:42pm
Everybody is too confident in a USD drop which makes me a bit nervous. There is always the chance we see a sell off on the Eur. I'd rather wait untill the market tells me and piggy back my way up or down. Either way fits me fine.
  • #1,699
  • Jul 28, 2010 12:07am Jul 28, 2010 12:07am
Quoting malcolmb14
es gu and eu have massiver overhead resistanceo n all of them

If pros want higher prices and bulls win they will have a lot of absorbation to do . I do not think we will see a smooth market till later this week , but i am expecting a breakout eu to 1.3100 1st then 1.3300
I don't use VSA just add it on my system and i try to figure it out
Maybe u can reply to this ?
http://www.forexfactory.com/showpost...ostcount=10049
  • #1,700
  • Jul 28, 2010 3:13am Jul 28, 2010 3:13am
Quoting egkid
I don't use VSA just add it on my system and i try to figure it out
Maybe u can reply to this ?
http://www.forexfactory.com/showpost...ostcount=10049
Clockwork71 is correct in his description of forex volume. However, as with most people who haven't learnt the VSA language, he has completely missed the point.

Forex volume is actually tick volume (amount of trades rather than buys or sells). So how do we know whether the volume is buying or selling? Well we look at the price.....it's not rocket science!!!!!!!!

Now, the point that most people are missing is this, in order to use VSA, we do not need all the buy/sell volume from every broker on the planet. All we need is a representative slice of the information. Some feeds(slices) are better than others. Esignal seems to be the daddy. FXCM is also good.

Once we have our feed, we can start to study the volume and price action in order to determine what is going on. When we are studying volume .......{this next bit is very important to remember}........

We are comparing the current volume to the previous few volume bars. We dont need to know the actual value of the volume bar.

If you are considering using VSA, then please remember this; VSA is not a solution you can pull out of the box and start using straight away. VSA is a chart reading language. As with any language, you can learn 1 or 2 words and drop them into conversation but, you'll never be able to understand when someone is talking to you. You need to learn the language and then practice using it.

It's very difficult to learn a new language, it's much easier to learn 1 or 2 words and then say 'this language is flawed'.
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