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vsa with Malcolm

  • #1,921
  • Aug 5, 2010 9:19am Aug 5, 2010 9:19am
Things really slowed down all of a sudden. I liked that earlier volatility.
  • #1,922
  • Aug 5, 2010 9:25am Aug 5, 2010 9:25am
Quoting Sonofsin5
Things really slowed down all of a sudden. I liked that earlier volatility.
es attempting to close gap , and G man speaking later at 9 am our time.

nice stopping vol 1115 es for gap close trade
Blogging daily now at www.volume.zone
  • #1,923
  • Aug 5, 2010 9:25am Aug 5, 2010 9:25am
Please someone post with esignal those 15 min charts for today -
1) 15min GBP/USD
2) 15min USD/CHF
3) 15min EUR/JPY

Thank You in advance.


Best,
Tom
  • #1,924
  • Aug 5, 2010 9:35am Aug 5, 2010 9:35am
I like this, 5 min eur, its aggresive, see how it plays out.
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  • #1,925
  • Aug 5, 2010 9:59am Aug 5, 2010 9:59am
Quoting Sonofsin5
I like this, 5 min eur, its aggresive, see how it plays out.
Update
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  • #1,926
  • Aug 5, 2010 10:38am Aug 5, 2010 10:38am
Hi Everyone.

Is this consider a test??
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  • #1,927
  • Aug 5, 2010 10:54am Aug 5, 2010 10:54am
..just my 2 pips worth, its vol is less than prev 2 bars and it has a lower low, yes i will say its a test IF the background is strength on higher TF. Or else, i wun enter because the volume though lower than prev 2 candles is still quite high, in my opinion.

any takers?

Quoting Jmx
Hi Everyone.

Is this consider a test??
  • #1,928
  • Aug 5, 2010 10:55am Aug 5, 2010 10:55am
Quoting tfflyer
Please someone post with esignal those 15 min charts for today -
1) 15min GBP/USD
2) 15min USD/CHF
3) 15min EUR/JPY

Thank You in advance.


Best,
Tom
Hope this helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHF.png Size: 27 KB
Click to Enlarge Name: GBP.png Size: 31 KB
Click to Enlarge Name: EURJPY.png Size: 27 KB
  • #1,929
  • Aug 5, 2010 11:04am Aug 5, 2010 11:04am
I made some mistakes with the previous chart (eyes hurt today) so I deleted the post to make corrections. I had 8 bullets instead of 7 which I pointed on chart so everything was kind of mixed up.


============
Hey guys kindly check this out.

This was on the 29th of July. Did anybody play/take this trade?

I looked at it and was like hmm, would this have been a loser for me in real time? Maybe, but I would like your views. Try to picture it like you took the trade in real time because sometimes our subconscious makes us dishonest (unknowingly to the conscious though) when making hindsight analysis.

Please check with your platform just in case you wish to see any resistance levels but I know we were close to an unbroken resistance.

Okay, here we go... For me here's what I saw in "real time":

Attached Image (click to enlarge)
Click to Enlarge Name: hfchgfchg.gif Size: 8 KB



Little bar before 1 - Up squat in wrong position.

1) Buying climax or mark up

2) Psuedo-Upthrust

3) Upthrust

4) Sign of weakness (ND)

5) I would have gone short here, at the open of this bar

6) I would have stayed in (ND)

7) No Supply/Test .... Hmm, isn't this a polar bear in hawaii? Or do I abandon the weakness and go long (confirming an effort to rise) + the fact that hulls is green (my MACD)? I don't use hulls for entries, just trails. So basic instinct says it's the former and I get stopped out.

I didn't take this trade but I've just been as honest as possible as if I was live on this trade.. What or how would you have interpreted this move?
  • #1,930
  • Edited Aug 6, 2010 3:29am Aug 5, 2010 11:41am | Edited Aug 6, 2010 3:29am
Quoting wh1zz0
I made some mistakes with the previous chart (eyes hurt today) so I deleted the post to make corrections. I had 8 bullets instead of 7 which I pointed on chart so everything was kind of mixed up.


============
Hey guys kindly check this out.

This was on the 29th of July. Did anybody play/take this trade?

I looked at it and was like hmm, would this have been a loser for me in real time? Maybe, but I would like your views. Try to picture it like you took the trade in real time because sometimes our subconscious makes us dishonest (unknowingly...


Ok, firstly go here then here. The chart is from thye day before your chart.

Next go here then here. This is just to show that we might have been long already before your little conundrum came along.

So, in the bcakground we have accumulation and a good quality test for our long entry - STRENGTH.
Then we are in an up trend - STRENGTH.

Which brings us to your bar No.1

1. Wide spread up bar closing on the high on increasing volume. Buying pressure - STRENGTH.

2. Wide spread up bar closing in the middle on very high volume - POSSIBLE WEAKNESS. Points to note here; the high of this bar is at a resistance area formed ny the accumulation phase. We would expect either a push or a bounce here.

Look at the volumes leading up to the resistance area, they are increasing along with the spreads. This is good for a push through. If we were going to get a bounce, we would expect to see decreasing volumes and possibly narrowing spreads(or at least volumes not increasing quite so much) - POSSIBLE STRENGTH.

3. A down bar. We expected this from the bar before.

4. Same as bar No. 2 but on lower volume. SM have had another go at the resistance area but found too much supply still.

5. Down bar as expected from the previous bar. But, this one closes on the low with volume less than the previous 2 bars, no selling pressure - STRENGTH.

6. Narrow spread up bar closing on the high on volume less than the previous 2 bars, polar bear in hawaii. This just shows that SM is not interested in an up move quite yet. The reason for this follows next.

7. Narrow spread down bar closing in the middle on low volume(not quite less the prev 2 bars but very low volume) whilst making a new recent low, test for supply....found none - STRENGTH. This tests into a Hidden Gap formed by bar 1.

If you weren't already long, a break of the high of the test is as good a place as any.


This setup could EASILY be mistaken for a short entry without the resistance area and the all important BACKGROUND information.

Hope this helps
  • #1,931
  • Aug 5, 2010 12:54pm Aug 5, 2010 12:54pm
Quoting Intel
....
6. Narrow spread up bar closing on the high on volume less than the previous 2 bars, polar bear in hawaii. This just shows that SM is not interested in an up move quite yet. The reason for this follows next.....

Hope this helps
Hello

As per Better Volume interpretation this bar is High churn bar which is narrow spread and high volume...though is visible that this volume is lower then volume on previous 2 bars...This is up bar at support and I see it as that this time buyers had upper hand...soon after price went up...
I might be wrong interpreting churn bars this way...
The Market pays you to be disciplined
  • #1,932
  • Aug 5, 2010 1:14pm Aug 5, 2010 1:14pm
Tdj, thanks for uploading charts.


Best,
Tom



Quoting Tdj
Hope this helps.
  • #1,933
  • Aug 5, 2010 2:20pm Aug 5, 2010 2:20pm
Quoting mima
Hello

As per Better Volume interpretation this bar is High churn bar which is narrow spread and high volume...though is visible that this volume is lower then volume on previous 2 bars...This is up bar at support and I see it as that this time buyers had upper hand...soon after price went up...
I might be wrong interpreting churn bars this way...
Hi mima,

Not only is the volume on this bar less than the previous 2 bars, it is less than the previous 6 bars and is less than average(on vsa teacher at least).

It is definately NOT high volume. If Better Volume is reporting it as a high churn bar, you should get it checked out by someone.
  • #1,934
  • Aug 5, 2010 2:25pm Aug 5, 2010 2:25pm
Quoting mima
The Market pays you to be disciplined
mima, that is an excellent sigline. A simple truth and very thoughtful.
  • #1,935
  • Aug 5, 2010 2:31pm Aug 5, 2010 2:31pm
Quoting Intel
Hi mima,

Not only is the volume on this bar less than the previous 2 bars, it is less than the previous 6 bars and is less than average(on vsa teacher at least).

It is definately NOT high volume. If Better Volume is reporting it as a high churn bar, you should get it checked out by someone.
Thank you for explanation..Well yes..On wh1zz0's chart and mine too that green volume bar( it is marked as #6) is high churn bar...as per Better volume...
The Market pays you to be disciplined
  • #1,936
  • Aug 5, 2010 4:11pm Aug 5, 2010 4:11pm
Ok guys as you know i missed Mals Entry on the GBP 15 today, i was looking for no demand in the downtrend, but got a little confused!

First i want to look at the 15 then look at 5 min!

So there was the Major weakness we see on huge volume, which caused the downmove, I was looking for ND on the first up bar in the downtrend however we go an upbar on volume more than the previous 3! however it closed in the middle indicatin supply.

My first question: Is an upbar on higher volume closing in middle as good as no demand? a sign to get in? as we see supply is still present on that bar?

2 Bars Later we get Stopping Volume (possible) but the next bar didnt close upalthough it did go up a was pushed down and up. How do we interpret this bar with the high and low?

------------------------------------

Ok so the 5 minute chart:

so we see a the possible stopping volume, with the next bar down.

1st Q: if the next bar is down can we say that high volume is selling? as i was under the impression that the structure of SV means it only means buying?

After this i kept seeing down bars on lower volume that up bars (me thinking we could have seen the move exhausted, and then tested.
But we also see upbars with higher volume closing in middle (or upthrusts).

Surely we cannot go short against stopping volume even though with the upbars closing in middle? it could be being tested with low vol bars.

Next stopping vol we get an up bar showing there was defo buying, and a little later we can what could be a ND or even a hidden test as the Wick is lower, then closing on high with SV. surely again we cannot go short here?

I was watching this play out and just couldnt get an entry what do you guys make of it.... Cheers Fellas!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBP_5 copy.jpg Size: 522 KB
  • #1,937
  • Aug 5, 2010 5:01pm Aug 5, 2010 5:01pm
Quoting mima
Hello

As per Better Volume interpretation this bar is High churn bar which is narrow spread and high volume...though is visible that this volume is lower then volume on previous 2 bars...This is up bar at support and I see it as that this time buyers had upper hand...soon after price went up...
I might be wrong interpreting churn bars this way...
High volume churn. refers to the range of the bar/candle as a funtion of the volume. large volume should equate to large range. When the volume is large but the range is small this is considered churn. A squat bar/candle will show up as churn. Sometimes the volume will be decreasing but still show up as high volume churn because BV is looking at range as a function of volume, and volume in isolation not relatively.

When I first started using BV with high volume churn, I remember I did get some tests and no demands to show up as high volume churn even when the ranges were narrow and the volume less than the previous two.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,938
  • Aug 5, 2010 5:30pm Aug 5, 2010 5:30pm
you are great guy, why you are not posting in gj thread we are all waiting
  • #1,939
  • Aug 5, 2010 6:24pm Aug 5, 2010 6:24pm
Quoting harigp
you are great guy, why you are not posting in gj thread we are all waiting
Seems you have a fan HG
  • #1,940
  • Aug 5, 2010 6:55pm Aug 5, 2010 6:55pm
Quoting Intel
Mmmmmm where to start.......

Ok, firstly go here then here. The chart is from thye day before your chart.

Next go here then here. This is just to show that we might have been long already before your little conundrum came...
Hmm... Thanks for your input.
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