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vsa with Malcolm

  • #2,461
  • Aug 15, 2010 7:02pm Aug 15, 2010 7:02pm
Quoting malcolmb14
I am pretty bearish right now an daily charts , in particular the es

1st target es is 1050.... then take it from there.

Yea with the current diagnosis of the health of the economy I wouldn't expect anything less than a new low. The time for driving up the price to lure the herd is over.. the herd is already dead and now its just a game of cat and mouse between some of the big players and hedge funds. Who's going to be left with the hot potato.

Only way to build a sustainable recovery is through some kind of boost through consumer confidence... although housing starts and auto are supposed to edge up this week it still doesn't matter the broad overview is already highly bearish. We would need consecutive weeks of good numbers to start to think good again. Along the way we should be sliding unless the us gov't keeps intervening.

The buildup for bulls is too much work considering one bad day on the NYSE and you have ppl talking about double dip again. Self fulfilling prophecy or technicals, its all pointing that way.

Although picking direction is always random in the normal case... not when fear comes in to play because that is a factor that isn't accounted for in most large black box systems which are always trying to hedge against retail accounts.
  • #2,462
  • Aug 15, 2010 7:45pm Aug 15, 2010 7:45pm
Quoting Intel
This is aimed at F451 or Polo or anyone else who can make indicators for MT4.

I graciously ask for your help in making an indicator. Well, actually, I know nothing about making indicators so it would surely mean you making one entirely!

The idea is very simple (tho I'm sure that creating it wont be!). I would like to be able to click on a candle/bar and have a small(maybe 1/8 of the screen size) window appear showing how that candle/bar is made up on a smaller time frame.

eg if I click on a bar in the M15 chart, a small window opens showing...

Hi Intel

I suspect this would actually be pretty hard to do in MT4, and I'm not quite sure how it would be done. There is something quite similar already in existence, but it doesn't have the click on bar capability you're describing. Have a look here http://www.forexfactory.com/showthread.php?t=198729 - stratman's minichart indicator shows a chart or a number of mini charts on your screen - they can be the same symbol - so you could set it up if looking at say 4hr EURUSD with a 1hr minichart of EURUSD to see the lower timeframe price action.

cheers
f451
  • #2,463
  • Aug 15, 2010 7:50pm Aug 15, 2010 7:50pm
Quoting polomine
Hi guys,

I'd like to share my two new toys. wnrb means wide/narrow range bar, and hlvb means high/low volume bar.

ANY FEEDBACK WOULD BE HIGHLY APPRECIATED....
cheers,
polomine
These are great Polo. However It would be much more efficient if you could combine the two into the 1 indicator. Add color code to the spread of the bars (wide range, narrow range, etc) leaving the volume same as the better volume indicator?

p.s the better volume monitor was great!
  • #2,464
  • Aug 15, 2010 8:35pm Aug 15, 2010 8:35pm
Thanks for your feedback.

I'm afraid there are two drawbacks regarding adding color to the spread of bars:
1. may cause difficulties in telling an up bar or down bar.
2. when the spread (high-low) is narrow or (open-close) is narrow, it's hard to see the colored bar.
Moreover, mt4 indicator only provides upto 8 buffers. So, we need at least 2 indicators to draw seven different color bars, which need 14 buffers.

Hope I have explain it clearly.

cheers,
polomine


Quoting Sonny1
These are great Polo. However It would be much more efficient if you could combine the two into the 1 indicator. Add color code to the spread of the bars (wide range, narrow range, etc) leaving the volume same as the better volume indicator?

p.s the better volume monitor was great!
  • #2,465
  • Aug 15, 2010 8:37pm Aug 15, 2010 8:37pm
Quoting wh1zz0
You got the idea though but just in case you're confronted again next time.

A valid test or no supply bar should:

1) Make a lower low than the previous bar

2) Close off its lows

3) Have volume lower than the previous two bars


Attachment
Thank you for your salient comment. It is always informative to read this thread as VSA seems to attract a more intelligent sort of trader.

In this chart, the EU big players used a No Supply bar to trick traders into long positions. The two prior bars taken together may constitute a trap up move. To trick traders into longs, a NS positive test bar was traded by judiciously placing appropriate orders. This fooled some into bad long positions and some into closing their shorts prior to a sell down. Perhaps my penchant to see conspiracies is feeding this sort of thought despite my observations that often a NS will follow a trap up and be just prior Squat bars absorbing buying followed by a ETMD. Nevertheless, I wish all a prosperous trading week.
Attached Image (click to enlarge)
Click to Enlarge Name: $eurusd 15m 8-15-10.gif Size: 21 KB
  • #2,466
  • Aug 15, 2010 11:55pm Aug 15, 2010 11:55pm
Quoting polomine
Thanks for your feedback.

I'm afraid there are two drawbacks regarding adding color to the spread of bars:
1. may cause difficulties in telling an up bar or down bar.
2. when the spread (high-low) is narrow or (open-close) is narrow, it's hard to see the colored bar.
Moreover, mt4 indicator only provides upto 8 buffers. So, we need at least 2 indicators to draw seven different color bars, which need 14 buffers.

Hope I have explain it clearly.

cheers,
polomine
Yeah you have... You'd know best as I'm not a coder. However it would be ideal if we could.
  • #2,467
  • Aug 16, 2010 12:14am Aug 16, 2010 12:14am
I've been following this thread for several days now but just more watching and learning than posting

I'm looking at the Eur/usd
This looks a lot like the low demand stuff you guys were talking about
kind of seemed to have staled there at 1.2792ish

That last 15 minute bar had a really small range and had the lowest volume in i think 20 bars (the better volume indi turned yellow) so I went short.

I guess i'll see what happens. I probably should have waited for more follow thru.
  • #2,468
  • Edited 1:36am Aug 16, 2010 12:35am | Edited 1:36am
Yep
Got in too early. Still holding with a 20 pip stop up around 1.2812

update:
ok
got out with -10 pips

may think about a long here soon. guess I should have just held the one I got in around 1.2755 and exited at 1.2785
  • #2,469
  • Edited 3:11am Aug 16, 2010 1:57am | Edited 3:11am
EU now at resistance hitting it at higher volume. So we might see resistance broken. Sorry for no chart, have to go out.

For now EU shows unwillingness to continue up.
Attached Image (click to enlarge)
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  • #2,470
  • Aug 16, 2010 6:18am Aug 16, 2010 6:18am
Quoting disegnosys
Well, sorry for any confusion, but basically I meant your request for an indicator to pop up lower TF bar detail is doable under MT4 with what they currently have to offer. If I can't find it then may be when I get time I'll write it for fun.

Best Wishes.
You're a gentleman......or lady ..... I appreciate your help here.

Thanks
  • #2,471
  • Aug 16, 2010 6:22am Aug 16, 2010 6:22am
Quoting f451
Hi Intel

I suspect this would actually be pretty hard to do in MT4, and I'm not quite sure how it would be done. There is something quite similar already in existence, but it doesn't have the click on bar capability you're describing. Have a look here http://www.forexfactory.com/showthread.php?t=198729 - stratman's minichart indicator shows a chart or a number of mini charts on your screen - they can be the same symbol - so you could set it up if looking at say 4hr EURUSD with a 1hr minichart of EURUSD to see the lower timeframe price...
Thanks but it wont do the most important part which is to show 'at a glance' the constituant parts of ANY bar you click on.
  • #2,472
  • Aug 16, 2010 6:54am Aug 16, 2010 6:54am
Quoting Intel
You're a gentleman......or lady ..... I appreciate your help here.

Thanks
Im just a guy but I do like the ladies.
  • #2,473
  • Aug 16, 2010 7:04am Aug 16, 2010 7:04am
Hello guys i took 2 buy positions,we will see..I see negative divergence also i See good volume and negative on VS V.2 we will see
Attached Image (click to enlarge)
Click to Enlarge Name: volume.gif Size: 30 KB
"Buy on fear, sell on greed !!!
  • #2,474
  • Aug 16, 2010 7:40am Aug 16, 2010 7:40am
As posted elsewhere I was looking at 5640 area for possible turn.

We had a high vol upthrust, a lower close and another high vol push up. See red lines on 15 min. On effort v result you'd expect prices to move higher. They didn't which should be an immediate alert.

I had 3 lower high sells/banks in the move down from 5 min and 7RB lh's. Sold 5623, 5584 and this is the last one with the exit at the 50 level.

Attached 15 min and 7RB charts.
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  • #2,475
  • Aug 16, 2010 8:24am Aug 16, 2010 8:24am
buying climax eu here

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Blogging daily now at www.volume.zone
  • #2,476
  • Aug 16, 2010 8:36am Aug 16, 2010 8:36am
Quoting malcolmb14
buying climax eu here

Attachment
Should be interesting to see which way that goes.
  • #2,477
  • Aug 16, 2010 8:38am Aug 16, 2010 8:38am
Quoting Intel
Should be interesting to see which way that goes.
hit a sell at 2850

that was a s/r line from last week targeting 2750 then 2630 , stop is at be
Blogging daily now at www.volume.zone
  • #2,478
  • Aug 16, 2010 8:45am Aug 16, 2010 8:45am
Quoting malcolmb14
hit a sell at 2850

that was a s/r line from last week targeting 2750 then 2630 , stop is at be
Hey Mal surely this isn't waiting for hulls to turn red?

I was alive and kicking at london open, saw the heavy supply there, and waited till the hulls turned red and was looking for a ND, by that time it was too late! market dropped like 70 pips..

Also How do you guys enter, put in an order to take you in or just get in whatever the price!
  • #2,479
  • Aug 16, 2010 8:46am Aug 16, 2010 8:46am
Quoting Tea_trader
Hey Mal surely this isn't waiting for hulls to turn red?

I was alive and kicking at london open, saw the heavy supply there, and waited till the hulls turned red and was looking for a ND, by that time it was too late! market dropped like 70 pips..

Also How do you guys enter, put in an order to take you in or just get in whatever the price!

nope ..

this was purely a vsa trade using s/r
Blogging daily now at www.volume.zone
  • #2,480
  • Aug 16, 2010 8:47am Aug 16, 2010 8:47am
Quoting malcolmb14
buying climax eu here

Attachment
Hmmm, my vol bars are same profile with fxdd.
Thats good to note.

OH, thx for the thread btw!!!
Attached Image (click to enlarge)
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