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vsa with Malcolm

  • #2,201
  • Aug 11, 2010 4:45pm Aug 11, 2010 4:45pm
Quoting malcolmb14
Petar

If you are really pumped about volume then take the time to read master the markets ... and really get to grip with it. Trust me it will blow your mind ... it did mine
to many indies on that chart

a simple trend diamonds and volume is all you need , with s/r lines // something like a murrey math works wonder

took the sell on this one for 48 pip but closed due to seeing potential stopping vol on the 5min at 1.5615

mml setting on this chart is 10 min

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Mal,

You still in constructon in BC?
  • #2,202
  • Aug 11, 2010 4:46pm Aug 11, 2010 4:46pm
I see question on eu 5 min and why it did not work

I have covered the use of hulls on a 15min to determine the trend .... this is why those 5 min vsa potential strength amounted to nothing

15 min strong trend down , look for sells on a 5 min

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Blogging daily now at www.volume.zone
  • #2,203
  • Aug 11, 2010 4:46pm Aug 11, 2010 4:46pm
Quoting bablo
Mal,

You still in constructon in BC?
yup busy on PPP projects ... 800 mill is one I am trying to snag right now
Blogging daily now at www.volume.zone
  • #2,204
  • Aug 11, 2010 4:50pm Aug 11, 2010 4:50pm
Quoting malcolmb14
Petar

If you are really pumped about volume then take the time to read master the markets ... and really get to grip with it. Trust me it will blow your mind ... it did mine
to many indies on that chart

a simple trend diamonds and volume is all you need , with s/r lines // something like a murrey math works wonder

took the sell on this one for 48 pip but closed due to seeing potential stopping vol on the 5min at 1.5615

mml setting on this chart is 10 min

Attachment
I totaly agree guys this is just for test also if this work why not trade ...This has 4 indis but all are usefull i know 2 indis very well...I agree for indicators i also dont use indicators in my large frame trading.But i always try to improve things.We are here to help each other and do that from my registration on this forum


Cheers
"Buy on fear, sell on greed !!!
  • #2,205
  • Aug 11, 2010 4:53pm Aug 11, 2010 4:53pm
Quoting malcolmb14
yup busy on PPP projects ... 800 mill is one I am trying to snag right now
What's your specialty?
  • #2,206
  • Aug 11, 2010 4:54pm Aug 11, 2010 4:54pm
do you recommend we use the TG trend diamonds or a hull ma? (which setting on the hulls do you use)?
  • #2,207
  • Aug 11, 2010 4:57pm Aug 11, 2010 4:57pm
Quoting rogerdoger
do you recommend we use the TG trend diamonds or a hull ma? (which setting on the hulls do you use)?
I use 34 for shorter time frames 15 and down , 21 for higher time frames ( faster)

when using tradeguider i set diamonds to 10... seems pretty decent.
Blogging daily now at www.volume.zone
  • #2,208
  • Aug 11, 2010 4:58pm Aug 11, 2010 4:58pm
Quoting bablo
What's your specialty?
Guesstimator .... I like guessing how much projects are going to cost .. just like I like guessing where fx pairs will go ...lol
Blogging daily now at www.volume.zone
  • #2,209
  • Aug 11, 2010 5:04pm Aug 11, 2010 5:04pm
Originally Posted by Tea_trader
Hey Guys got a few questions, 3 different charts......(i know bloody huge post).

First chart shows a down move, wide spread, high vol....next bar is roughly the same volume with much narrower spread and closing near high. Surley this shows some amount of buying.
The Market goes sideways and we have another downmove.
FIRST Q: how can we tell that these bars are not being tested/supported, and sometimes there just another downmove?


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Price is breaking support level, and you see before break, volume is rising.
After break, you see high volume down bars, that means there are selling pressure, price cant go up and before next down move you see no demand and down it goes.
  • #2,210
  • Aug 11, 2010 5:06pm Aug 11, 2010 5:06pm
Guys this is my view about Cable >


I see USD weakness current i will wait for VSA and dimond for confirmation and than maybe litle scalp
Idraws loose power and i think on Asia maybe litle Up ...





Cheers
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"Buy on fear, sell on greed !!!
  • #2,211
  • Edited 5:26pm Aug 11, 2010 5:12pm | Edited 5:26pm
Originally Posted by Tea_trader
Second chart, shows a 'double top' type formation if the first top is an upbar on high vol, then we go back up into that area with lower volume.
This is surely a good sign to short even if the vol on that bar may not be lower than the previous 2 bars?

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That is a risky trade, it is better if close is in the middle on that second top and volume is much lower or very high, risky enyway. Wait confirmation, ND so you see that buyers is not there anymore.
  • #2,212
  • Aug 11, 2010 5:16pm Aug 11, 2010 5:16pm
Quoting malcolmb14
1st chart the high vol down did send market sideways for a while , but did not have any up move to it at all .... in fact supply entered the market

question .... how do you know if strength. I use a hulls moving average and trade with the trend only , so on any up moves we should be looking for weakness , not trying to buy on the 1st hint of strength on a 5min when the 4 hr / 60 and 30 is in a strong downtrend
So so important. Always look for a complete setup before entering.
  • #2,213
  • Aug 11, 2010 5:24pm Aug 11, 2010 5:24pm
Originally Posted by Tea_trader
Third, Imagine the first wide spread down has a large tail to the downside, (even a SV formation) with V high vol and the next bar is down with a decrease in volume. can we assume that the wide spread don contained more selling than buying.
QUESTION: Does the candle after wide spreads up have to be up to confirm the buying? even on ND?
as Sometimes ive seen the bar go down another leg after these type formations.

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

Here price is coming to support level with high volume and dont have enough power to break that, goes up because of support and comes back with much lower volume.
  • #2,214
  • Aug 11, 2010 5:32pm Aug 11, 2010 5:32pm
Quoting Petar_Serbia
I totaly agree guys this is just for test also if this work why not trade ...This has 4 indis but all are usefull i know 2 indis very well...I agree for indicators i also dont use indicators in my large frame trading.But i always try to improve things.We are here to help each other and do that from my registration on this forum


Cheers
You are right. I for one, appreciate anyone who tries to help me. No matter how useful (or not) their help is!

If it were me(or tonirai!), I would get rid of those indies and take the time to learn the VSA language. But, you're not me. If those indies help you to be a profitable trader, keep them.

  • #2,215
  • Aug 11, 2010 5:34pm Aug 11, 2010 5:34pm
Quoting Intel
You are right. I for one, appreciate anyone who tries to help me. No matter how useful (or not) their help is!

If it were me(or tonirai!), I would get rid of those indies and take the time to learn the VSA language. But, you're not me. If those indies help you to be a profitable trader, keep them.

Yep i am profitable , i am long term trader but i experiment with lower frames to see results



Cheers
"Buy on fear, sell on greed !!!
  • #2,216
  • Aug 11, 2010 5:45pm Aug 11, 2010 5:45pm
Quoting juhanimi
Originally Posted by Tea_trader
Second chart, shows a 'double top' type formation if the first top is an upbar on high vol, then we go back up into that area with lower volume.
This is surely a good sign to short even if the vol on that bar may not be lower than the previous 2 bars?

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

That is a risky trade, it is better if close is in the middle on that second top and volume is much lower or very high, risky enyway. Wait confirmation, ND so you see that buyers is not there anymore.
Not sure I agree juhanimi. Not every trade has to have a ND or NS. If I saw that forming, I would probably trade it.
  • #2,217
  • Aug 11, 2010 5:49pm Aug 11, 2010 5:49pm
Quoting malcolmb14
Guesstimator .... I like guessing how much projects are going to cost .. just like I like guessing where fx pairs will go ...lol
Allow for your 15% CONTINGENCY. The only problem is no SL on design and build project.

Mal, quick question do you. Do you ease into a position or just pull the trigger for full position.
  • #2,218
  • Edited 6:00pm Aug 11, 2010 5:52pm | Edited 6:00pm
Quoting Intel
Not sure I agree juhanimi. Not every trade has to have a ND or NS. If I saw that forming, I would probably trade it.
I wouldnt, how can I know that price is gonna turn from there. 2 bars after there is ND.
  • #2,219
  • Aug 11, 2010 5:55pm Aug 11, 2010 5:55pm
Hi Malcom

I have been following your posts for quite a while and as anyone who has done the same knows you have a dislike of too many indicators. The beauty of VSA is just the need for volume indicator and price candles / bars that is all.

Due to work and time restraints I trade H4 Tf using a counter trend system. I got interested in VSA as a method to make better judgments in keeping or terminating trades. I want to know why you have the opinion that H4 is not suitable for VSA. Do you think I should follow the daily TF instead?

Kind regards
  • #2,220
  • Aug 11, 2010 6:22pm Aug 11, 2010 6:22pm
Same thing here, 685 and if that goes down then 724 and possibly 765 area. Using the Higher high and higher low with the test and Morning Star off the DTL. Short time frame.

Jim

Quoting malcolmb14
simple use of mml as s/r lines and targets ...

this is why I was looking at 1.5686 as target

Out now till asia. GU and eu dropped so far they should be due for some form of retrace.

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