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vsa with Malcolm

  • #1,941
  • Aug 6, 2010 3:10am Aug 6, 2010 3:10am
Quoting HiddenGap
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...
Ah there we are, so BV looks at volume in isolation with regards to a squat.

Many thanks.
  • #1,942
  • Aug 6, 2010 3:21am Aug 6, 2010 3:21am
My BV indy posted a red UHV red bar on the green graveyard doji low - a climax high!! - either way, I thought that the pros might be positioning for the PPI data, so I took a buy and pirated a few more pips....

Just hit and run for 15 / 20 pips a trade before I go out for the day....
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Trading Levels with WRBs
  • #1,943
  • Aug 6, 2010 3:44am Aug 6, 2010 3:44am
Quoting Islander
My BV indy posted a red UHV red bar on the green graveyard doji low - a climax high!! - either way, I thought that the pros might be positioning for the PPI data, so I took a buy and pirated a few more pips....

Just hit and run for 15 / 20 pips a trade before I go out for the day....

I think that qualifies you as a thief

Did anyone see any signs that the news move would be down? I can see very little......even after the fact!
  • #1,944
  • Aug 6, 2010 4:07am Aug 6, 2010 4:07am
Quoting HiddenGap
This question was posted for mal, but I will put my 2 pips in. Once you have your basic exit plan, then you also need to consider those time when you see High volume signs or other VSA signs.

I do not recommend always being in the market, so I would not say be short until you see high volume down bars with the next bar up followed by a test and then change to a long position. But if you are short and you suddenly see an ultra high volume down bar that closes in the upper portion of its range, you should be looking to lower your stop if not exit...
Thanks for the reply here.

I am already finding that combining VSA with the other basic trading tools (fibs, pivots, candle patterns, S and R, key ma's and trendlines) is making a notable difference.

I used to enter a trade based on a candle pattern at a key point. I am now leaving trades that don't have volume backup and this has already proven to remove most of my bad trades.

For a trader approaching his first year's experience, it feels like getting to grips with VSA may prove to be the final piece in the jigsaw.

Thanks
  • #1,945
  • Aug 6, 2010 5:42am Aug 6, 2010 5:42am
Im Long on GU, Stop at 15836.
  • #1,946
  • Aug 6, 2010 6:23am Aug 6, 2010 6:23am
Just after a surprising unemployment deviation..Waiting for confirmation.

The way I see it, this is effort to rise but the way it closed makes it look like some selling entered into it. So maybe HPS? Hmm, only the the following volumes & bars will tell.

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  • #1,947
  • Aug 6, 2010 7:45am Aug 6, 2010 7:45am
Lol... Now that's what I call volatility!

Of all the pairs so far I think E/J would be the one I would be looking to buy.
  • #1,948
  • Aug 6, 2010 8:19am Aug 6, 2010 8:19am
yeah, I'm happy I stayed away from the news announcement today, now I will look for entries and dont have to worry about the extremes that the news brings. Could be a nice day.
  • #1,949
  • Aug 6, 2010 8:28am Aug 6, 2010 8:28am
Quoting Intel
I think that qualifies you as a thief

Did anyone see any signs that the news move would be down? I can see very little......even after the fact!

nope in fact i took a long eu 3180 ....

really strong bottom formed in London

3180 s/r last few days , placed entry 3190 just above 25 pip stop 50 pip tp , got out ealry but that is ok

my es sell on the daily working like a dream today after seeing that no demand 2 days back , entered trade 1124 with 5 point stop not taken out
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Blogging daily now at www.volume.zone
  • #1,950
  • Aug 6, 2010 8:43am Aug 6, 2010 8:43am
Quoting wh1zz0
Just after a surprising unemployment deviation..Waiting for confirmation.

The way I see it, this is effort to rise but the way it closed makes it look like some selling entered into it. So maybe HPS? Hmm, only the the following volumes & bars will tell.

Attachment
Okie.. looking good.. I got in long after the no supply/test.

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  • #1,951
  • Aug 6, 2010 8:46am Aug 6, 2010 8:46am
Quoting wh1zz0
Okie.. looking good.. I got in long after the no supply/test.

Attachment

nice but watch es if you have it 1120 gap close attempt fails your stop may be hit

I bet a lot of sell orders sitting there on es
Blogging daily now at www.volume.zone
  • #1,952
  • Aug 6, 2010 8:57am Aug 6, 2010 8:57am
Quoting wh1zz0
Okie.. looking good.. I got in long after the no supply/test.

Attachment

nice trade ....
Blogging daily now at www.volume.zone
  • #1,953
  • Aug 6, 2010 9:00am Aug 6, 2010 9:00am
i think i waited aprox. 50 years but i think me patience paid off
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  • #1,954
  • Aug 6, 2010 9:04am Aug 6, 2010 9:04am
Quoting taomql4
i think i waited aprox. 50 years but i think me patience paid off



vsa set ups on eu and gu have been very obvious this week .... been a fairly straight forward week for once
Blogging daily now at www.volume.zone
  • #1,955
  • Aug 6, 2010 9:11am Aug 6, 2010 9:11am
Quoting malcolmb14
nice but watch es if you have it 1120 gap close attempt fails your stop may be hit

I bet a lot of sell orders sitting there on es
1120 es sell in play ... 1115 support , this breaks 1100 target before close
Blogging daily now at www.volume.zone
  • #1,956
  • Aug 6, 2010 9:15am Aug 6, 2010 9:15am
Quoting malcolmb14
nice trade ....
Thanks.

Quoting taomql4
i think i waited aprox. 50 years but i think me patience paid off
Always fill in your charts so others can learn or compare too.

Attached Image
  • #1,957
  • Aug 6, 2010 9:18am Aug 6, 2010 9:18am
Quoting wh1zz0
Thanks.



Always fill in your charts so others can learn or compare too.

Attachment
i want all the forex money to myself ..

am just too lazy...lol--i got thousands of monitors everywhere..am watching corn too..
  • #1,958
  • Aug 6, 2010 9:26am Aug 6, 2010 9:26am
Quoting taomql4
i want all the forex money to myself ..

am just too lazy...lol--i got thousands of monitors everywhere..am watching corn too..

LOL.. Yesshhh right.... I forgot.

I thought as much though so decided to help you fill it in. Not easy posting and trading at the same time.
  • #1,959
  • Aug 6, 2010 9:49am Aug 6, 2010 9:49am
Quoting wh1zz0
LOL.. Yesshhh right.... I forgot.

I thought as much though so decided to help you fill it in. Not easy posting and trading at the same time.
hope you took profits

es hit that 1120 , and the jpy pairs dropped like a rock

closed es 10 points , been an insane 24 point day
Blogging daily now at www.volume.zone
  • #1,960
  • Aug 6, 2010 9:53am Aug 6, 2010 9:53am
Quoting malcolmb14
hope you took profits

es hit that 1120 , and the jpy pairs dropped like a rock

closed es 10 points , been an insane 24 point day

Ahhh.. long time ago bud.. around my S/D Zone @ exactly 113.554
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