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vsa with Malcolm

  • #1,801
  • Aug 2, 2010 3:40am Aug 2, 2010 3:40am
hmm confused

i sold GBPUSD at 15740 added 1 more lot at 1.5795

Target is 1.5700
Stoploss: above 15820 if closes above in 15min chart other wise i am holding my Shorts,

Question Why??

see the chart below...
Don't compare your Trades with Others
  • #1,802
  • Aug 2, 2010 3:47am Aug 2, 2010 3:47am
Er, what chart below?
  • #1,803
  • Aug 2, 2010 3:52am Aug 2, 2010 3:52am
Quoting steroidman
Er, what chart below?
LOL

Glad it's not just me who forgets the chart
  • #1,804
  • Aug 2, 2010 4:00am Aug 2, 2010 4:00am
Quoting DubaiFX
hmm confused

i sold GBPUSD at 15740 added 1 more lot at 1.5795

Target is 1.5700
Stoploss: above 15820 if closes above in 15min chart other wise i am holding my Shorts,

Question Why??

see the chart below...
chart...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pound daily.gif Size: 20 KB
Click to Enlarge Name: pound weekly.gif Size: 23 KB
Don't compare your Trades with Others
  • #1,805
  • Aug 2, 2010 4:02am Aug 2, 2010 4:02am
Quoting Islander
"Then I started watching for another HL to take a new trade. There is always a high probability that the 90 mins from FO will start the European morning move which can often be more than 100 pips - this is the move that I aim to catch.....http://cdn.forexfactory.com/images/icons/icon12.gif"

Further opportunities to Buy were at D & E.

Buys taken at C, D & E had a total potential of > 100 pips.......I'm finished for this morning.....
Good work, Islander.
  • #1,806
  • Aug 2, 2010 4:12am Aug 2, 2010 4:12am
Quoting DubaiFX
chart...
I see your positioning yourself for a much larger move than I normally deal with. For what it's worth tho, you could have taken a few pips while you're waiting for it....
Attached Image (click to enlarge)
Click to Enlarge Name: 52.PNG Size: 83 KB
  • #1,807
  • Aug 2, 2010 4:42am Aug 2, 2010 4:42am
Quoting DubaiFX
chart...
Well GUys in smaller time frames MACD is still not there, price is moving high and MACD is Droping some thing is going on with Pound
dont know yet but we all will find out soon,
on my view maybe its not Pound strent it amybe USD$$ weakness

i dont know who is moving the market high right know retail traders or Big boys but still we cant change the fundamentals that UK economy is still poor some good news was good but not good enough for longer terms
only GDPas far as i know can have meduim or long term effect


here is the charts..
smaller time frames 15min 30 min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pound 15min.gif Size: 16 KB
Click to Enlarge Name: pound 30min.gif Size: 18 KB
Don't compare your Trades with Others
  • #1,808
  • Aug 2, 2010 4:49am Aug 2, 2010 4:49am
Quoting DubaiFX
Well GUys in smaller time frames MACD is still not there, price is moving high and MACD is Droping some thing is going on with Pound
dont know yet but we all will find out soon,
on my view maybe its not Pound strent it amybe USD$$ weakness

i dont know who is moving the market high right know retail traders or Big boys but still we cant change the fundamentals that UK economy is still poor some good news was good but not good enough for longer terms
only GDPas far as i know can have meduim or long term effect


here is the charts..
smaller...
The consensus between banks and big traders is the GU will finish the year about 1.60, which is higher than it is now.
Probability Professor
  • #1,809
  • Aug 2, 2010 4:52am Aug 2, 2010 4:52am
Quoting Intel
Nice trades Islander. Thanks for the explaination.

Any further info on trading the FO & LO would be most welcome.

Loads of ideas and examples in our old thread - now dormant as both of us are busy with other things....

Islander and Medici trade the European open

http://www.forexfactory.com/showthread.php?t=214628
Trading Levels with WRBs
  • #1,810
  • Aug 2, 2010 4:57am Aug 2, 2010 4:57am
dear senior traders,

below is a 5min and 15min chart, i entered on the 15min as i saw a KRB on the 5min, on top of that, bars were near the S/R i drew. before that, it was a upthrust. so i set my TP near the next S/R, it hit tt zone but not my TP, sadly, so i exitted with only a profit of 1.85....initially it went to 17....sigh.....another bad trade, with lousy R:R

pls comment...thank you and appreciate all advice.

PS: got a question, how frequent are your trades and time spent in front of the screen? I took malc's advice n looked at AJ from morn till now, only took 1 trade...how how how...i know i lack (not mentioning psych part): a gd R/R, frequency of trades...

I know im a trend trader, n i can only spend a few hours on fx each day...really need advice from the pros.

cheers,
Bethel
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5min.jpg Size: 142 KB
Click to Enlarge Name: 15min.jpg Size: 144 KB
  • #1,811
  • Aug 2, 2010 5:01am Aug 2, 2010 5:01am
Quoting DubaiFX
Well GUys in smaller time frames MACD is still not there, price is moving high and MACD is Droping some thing is going on with Pound
dont know yet but we all will find out soon,
on my view maybe its not Pound strent it amybe USD$$ weakness

i dont know who is moving the market high right know retail traders or Big boys but still we cant change the fundamentals that UK economy is still poor some good news was good but not good enough for longer terms
only GDPas far as i know can have meduim or long term effect


here is the charts..
smaller...
GBP/USD D1

After that massive volume to start the up move, its been going up on a good amount of volume ever since. It doesnt look like reversing to me, maybe a retrace or just a stall for a few days but it looks strong.

The current H1 up bar is about to close on low volume but probably near the high. This would confirm the recent order matching has done its job of not letting prices fall yet.
  • #1,812
  • Aug 2, 2010 6:35am Aug 2, 2010 6:35am
Just coming online because I had some other stuffs to take care of and what did I see?.. Nice trade.. Here's how I would've interpreted it (hindsight though but worth taking note):


Attached Image (click to enlarge)
Click to Enlarge Name: gu m15 down squat (bag holding).gif Size: 37 KB



We get an effort to rise bar (not the best of strength though but worth taking notice of) towards Friday's/Last week's highs and the bar after the next is a down squat. Ordinarily people would have been looking for no supply or test bars but this was classical bag holding at the top IMO. The down bar was on increased climatic volume but the spread of the bar was narrow and it closed in the middle.

Now, something interesting to watch out for:


Attached Image (click to enlarge)
Click to Enlarge Name: guh1_playing_field.gif Size: 25 KB



If you're like me who uses the "playing field" i.e trend lines/channels, it would be nice to look for some VSA short set ups during the NY session (retrace). If you're going short based on any VSA setup here I would advise caution as this is against the up move. So moving SL to BE ASAP would be a good deal.
  • #1,813
  • Aug 2, 2010 7:42am Aug 2, 2010 7:42am
Quoting Islander
Loads of ideas and examples in our old thread - now dormant as both of us are busy with other things....

Islander and Medici trade the European open

http://www.forexfactory.com/showthread.php?t=214628
Damn It islander now im gonna have to read another 120 pages!! lol.

Congrats on the frankfurt/london open trade.

Anyone: im looking at the GBPJPY looks like we have some serious resistance overhead (approaching old top) on the 60 minute chart, and we seem to be going up into that area on reducing volume, unlikely were going to break ...

Also take a look at the 15 chart we have just seen quite high vol on a up candle....be intresting to see what repsonse we get from that...

Im sure the market is going to make me eat my words later....sods law!

Post chart later
  • #1,814
  • Aug 2, 2010 7:55am Aug 2, 2010 7:55am
Hello, mima

Here you are.
I just added several lines of codes, it can alert when rsx crossed. Hope you like it.

cheers,
polomine

Quoting mima
Polomine, Thanks a lot
Here they are...I think both indicators RSX and MA_of_RSX need to be in the folder but only
MA_of_RSX goes to chart...whenever cross happened to give an alert...alert on/off
Attached File(s)
File Type: mq4 MA_of_RSX with alert.mq4   5 KB | 389 downloads
File Type: ex4 MA_of_RSX with alert.ex4   6 KB | 329 downloads
  • #1,815
  • Aug 2, 2010 9:15am Aug 2, 2010 9:15am
Quoting DubaiFX
hmm confused

i sold GBPUSD at 15740 added 1 more lot at 1.5795

Target is 1.5700
Stoploss: above 15820 if closes above in 15min chart other wise i am holding my Shorts,

Question Why??

see the chart below...
I know you are not a vsaer ..... maybe we can convert you yet !!! lol

one thing i have shown the guys though is to use a hulls for trend following. Maybe throw one on your chart

when pros want higher prices they will mark up price thru all prior resistance locking in traders that would otherwise have sold into their buying , this is a basic principle of vsa, the hulls on a 15 min since london open has been green , no reason for selling when that is green . Now if you had R on your charts that you want to sell off , wait for r to be hit then sell when hulls turns red on a 15 and follow her down.

A simple thing like hulls trend following moving ave has kept me out of many bad trades
Blogging daily now at www.volume.zone
  • #1,816
  • Aug 2, 2010 9:16am Aug 2, 2010 9:16am
Quoting DubaiFX
hmm confused

i sold GBPUSD at 15740 added 1 more lot at 1.5795

Target is 1.5700
Stoploss: above 15820 if closes above in 15min chart other wise i am holding my Shorts,

Question Why??

see the chart below...

Guys dubai fx is not a vsaer .... but a serious trader ... hope you do not mind him posting in here , we have chatted back and forth over the years.

His posts may have nothing to do with vsa , but all his trades have very valid reasons.
Blogging daily now at www.volume.zone
  • #1,817
  • Aug 2, 2010 9:20am Aug 2, 2010 9:20am
classic eu long during London .


I came late to game entered 45 pip ago

Attached Image (click to enlarge)
Click to Enlarge Name: chart2559.png Size: 191 KB
Blogging daily now at www.volume.zone
  • #1,818
  • Aug 2, 2010 10:09am Aug 2, 2010 10:09am
Quoting malcolmb14
classic eu long during London .


I came late to game entered 45 pip ago

Attachment
The bar you have indicated with the arrow and the volume you have highlighted don't look like they match up to me. The very low volume bar in that sequence is actually an up-bar.
  • #1,819
  • Aug 2, 2010 10:16am Aug 2, 2010 10:16am
Quoting Ronlizard
The bar you have indicated with the arrow and the volume you have highlighted don't look like they match up to me. The very low volume bar in that sequence is actually an up-bar.
three bars marked this up move coming

was late to game closed mine for 70 pip for us session. Thinking 1.3500 is 1.3200 breaks ,

for now till 4 hr changes I will buy dips

Attached Image (click to enlarge)
Click to Enlarge Name: chart2565.png Size: 164 KB
Blogging daily now at www.volume.zone
  • #1,820
  • Aug 2, 2010 10:18am Aug 2, 2010 10:18am
Quoting malcolmb14
three bars marked this up move coming

was late to game closed mine for 70 pip for us session. Thinking 1.3500 is 1.3200 breaks ,

for now till 4 hr changes I will buy dips

Attachment
Nice spot, thanks Mal.
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