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vsa with Malcolm

  • #2,541
  • Aug 17, 2010 1:56pm Aug 17, 2010 1:56pm
Quoting RaverStyleTim2
went short on the break of ND, also since this ND is the 3rd tiem in same area on less volume then the previous 2 times. i know hull is still green but.
any comments welcome as i am nub.
tradeable both ways but this viper head may bite shorts in the arse

There was a ton of supply last week when German GDP numbers were announced , 1.2900 may take London session to drop form here or breaks out

Fact that today day is almost done and we are only 30 pip off days high I take this as a bullish day

GU is pretty weak still ... GBP weakness ...

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  • #2,542
  • Aug 17, 2010 4:08pm Aug 17, 2010 4:08pm
nabbed a few pips but, market kinda went sideways. eod i guess. i gotta get in on better trade times.
  • #2,543
  • Aug 17, 2010 4:10pm Aug 17, 2010 4:10pm
gu trade has started ... see you all at 1,.5650 in London .. or not ..lol

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  • #2,544
  • Aug 17, 2010 4:13pm Aug 17, 2010 4:13pm
Quoting malcolmb14
gu trade has started ... see you all at 1,.5650 in London .. or not ..lol

Attachment

hey malcolmb here was my view on gu http://www.forexfactory.com/showpost...stcount=246311
  • #2,545
  • Aug 17, 2010 4:16pm Aug 17, 2010 4:16pm
Here is Ashraf Laidi's latest GU thinking http://www.ashraflaidi.com/

His stuff is often very instructive and interesting.
  • #2,546
  • Aug 17, 2010 4:27pm Aug 17, 2010 4:27pm
Quoting mfoste1
hey malcolmb here was my view on gu http://www.forexfactory.com/showpost...stcount=246311
This is a vsa play . There has been buyers in the back ground in the 1.5550 to 1.5530 . The 60 min had selling climax. We may get a shake out into 1.5 test before this strength plays out BUT the largest volume bar of the week on the 60 min was at 1.5580 right on support
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  • #2,547
  • Aug 17, 2010 4:28pm Aug 17, 2010 4:28pm
I'm interested in trading the VSA, does FXCM offer a "Volume" indicator ? If not what broker offers that indicator ?
  • #2,548
  • Aug 17, 2010 4:33pm Aug 17, 2010 4:33pm
Quoting rbumbalough
Here is Ashraf Laidi's latest GU thinking http://www.ashraflaidi.com/

His stuff is often very instructive and interesting.

cool website ... but I let the charts talk to me ....lol

eu has given mnay nice vsa set ups in the 1.2900 to 1.2850 channel today and seeing that we are above yesterdays upper value areas I have been buying dips mostly

the fact that the 4 hour hulls has been up all week since the shake out in asia supports the longs for now . There is a prior sup[port line at 1.3000 that has not been tested yet . If this is tested and market drops off it ( 1.3025 max ) then we have a very nice h and s on the daily. Again though I am not assuming we do drop off 1.3000 till I see something based on vsa that supports it

till that hulls on a 4 hour changes we hsould be looking to buy dips on a 15 .... safer bet

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  • #2,549
  • Aug 17, 2010 4:34pm Aug 17, 2010 4:34pm
Quoting flipnfaith
I'm interested in trading the VSA, does FXCM offer a "Volume" indicator ? If not what broker offers that indicator ?
fxcm mt4 does have volume. I think it is interbank volume form 7 major banks and is fairly good for vsa , maybe others that have some experience of this can confirm
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  • #2,550
  • Aug 17, 2010 4:55pm Aug 17, 2010 4:55pm
Quoting malcolmb14
gu trade has started ... see you all at 1,.5650 in London .. or not ..lol

Attachment
Is this a "back to the POC" play mal?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #2,551
  • Aug 17, 2010 5:10pm Aug 17, 2010 5:10pm
Quoting HiddenGap
Is this a "back to the POC" play mal?
More of a playing this channel till its broken play and potential selling climax 1.5550.

May be 100 % wrong on this one and GBP just slides down , but there was the highest volume of the week at 1.5550 today on the 60 and we know that pros love buying on weakness. So while others are still trying to sell the shit out of gu ( cable thread) we vsaers look for additional signs of strength

1.5500 then I will buy that the down trend is continuing.

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  • #2,552
  • Aug 17, 2010 7:52pm Aug 17, 2010 7:52pm
Quoting tonirai
Tired of that up and down roller coaster...

I was hopping my long would go through 1.29, but since it hesitated, I closed for 25 pips;

After going down and coming back up, I opened a short at 1.2886 with a small 20 pips target, which I just closed at BE, because I'm not willing to let it go into the NY close and its lack of liquidity...

Oh well, there will be more chances, but only on Friday for me.
Still holdin on to the 5 min TF upthrust trade i took ....until i see
better effort from buyers..
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  • #2,553
  • Aug 17, 2010 7:57pm Aug 17, 2010 7:57pm
Quoting malcolmb14
More of a playing this channel till its broken play and potential selling climax 1.5550.

May be 100 % wrong on this one and GBP just slides down , but there was the highest volume of the week at 1.5550 today on the 60 and we know that pros love buying on weakness. So while others are still trying to sell the shit out of gu ( cable thread) we vsaers look for additional signs of strength

1.5500 then I will buy that the down trend is continuing.

Attachment

closed this one... no stomach for holding i guess.

I will play again tomorrow in us session
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  • #2,554
  • Aug 17, 2010 9:43pm Aug 17, 2010 9:43pm
Quoting juhanimi
EU-H1
Accumalation or re-distribution (and why)?
If you want to make money, you have to learn difference.
Still time to study that and use it to make serious money (100 bars now).
  • #2,555
  • Aug 17, 2010 10:25pm Aug 17, 2010 10:25pm
IN MTM page 111, Tom mentions a so-called second type up-thrust. Can anybody post a chart to elaborate it? Thanks in advance.

Frequently, one sees a second type of up-thrust, which is seen after a substantial decline of a stock or Index has already taken place. The action is exactly the same, but this time the volume is low. These are traps created by the market-makers to catch the stop-loss orders of the short traders. On seeing an up-thrust, a short trader will cover his position, or may even buy. People waiting for so-called breakouts to the up-side will buy on an up-thrust – it is these traders who will be caught out by this money making manoeuvre. Even those traders who are not in the market may buy, before they miss the move.
  • #2,556
  • Aug 18, 2010 12:14am Aug 18, 2010 12:14am
to tempting ... the 60 min gu looks like buyers. I am back in a long 1.5550 , stop 40 pip to 1.5675
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  • #2,557
  • Edited 1:22am Aug 18, 2010 1:09am | Edited 1:22am
Quoting polomine
IN MTM page 111, Tom mentions a so-called second type up-thrust. Can anybody post a chart to elaborate it? Thanks in advance.

[i]Frequently, one sees a second type of up-thrust, which is seen after a substantial decline of a stock or Index has already taken place. The action is exactly the same, but this time the volume is low. These are traps created by the market-makers to catch the stop-loss orders of the short traders. On seeing an up-thrust, a short trader will cover his position, or may even buy. People waiting for so-called breakouts...
This UT at the penultimate bar may be what TW was thinking about.

Best & Good

So sorry. Its an ETMD bar rather than an UT. My bad.
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  • #2,558
  • Aug 18, 2010 1:16am Aug 18, 2010 1:16am
GU maybe support @ 5500 ~ ish
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  • #2,559
  • Aug 18, 2010 1:16am Aug 18, 2010 1:16am
Quoting malcolmb14
to tempting ... the 60 min gu looks like buyers. I am back in a long 1.5550 , stop 40 pip to 1.5675
oh well fastest 40 pip i lost recently ...lol

could have sworn i saw strength on 60 .... be interesting to see how next 24 hr plays out
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  • #2,560
  • Aug 18, 2010 1:30am Aug 18, 2010 1:30am
I got slipped on my buy order by 10 pips. Holy Crud. Bat Trader, the Joker is holed up at Bumbalough's brokerage. I bought because of the 15M hammer's higher vol > ETMD penultimate bar's vol. I set an 80 pip stop with a 100 pip TP. Best Wishes and Many Thanks.
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