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vsa with Malcolm

  • #2,701
  • Aug 20, 2010 4:46am Aug 20, 2010 4:46am
Quoting JuliusCeasar
I'm really liking vsa

Price drifts up on low volume only to be sold heavily.
Managed to get in at 1.2899 and 1.2864 yesterday
I suppose there might be a last chance to catch the bus south before us session.

Attachment

Looks like the chance did come in at 1.2830
Mind over matter..I don't mind and you don't matter.
  • #2,702
  • Aug 20, 2010 4:49am Aug 20, 2010 4:49am
Thks tfflyer.

I am a painter.


Quoting tfflyer
Long time i havent seen such collorfull chart

Best,
T
  • #2,703
  • Aug 20, 2010 5:18am Aug 20, 2010 5:18am
That no problem for sure, try with clean charts too

B,
Tom


Quoting Jmx
Thks tfflyer.

I am a painter.
  • #2,704
  • Aug 20, 2010 5:28am Aug 20, 2010 5:28am
Quoting malcolmb14
EU YOUR ARSE IS MINE ...lol

1) no demand 3 days back
2) lower closes on daily
3) red trend diamonds
4) 2800 breaks 200 to 400 pip trade

Attachment
Money rolling in.
  • #2,705
  • Aug 20, 2010 5:31am Aug 20, 2010 5:31am
Luckily got put a tight SL...


Quoting Jmx
5 mins gu and hrly gu shows a lower volume test on the support had gone long with tight SL.

If this is going up will be much higher then what we see as the slow stoch also shows hidden bullish divergence in it.
  • #2,706
  • Aug 20, 2010 5:50am Aug 20, 2010 5:50am
Quoting malcolmb14
EU YOUR ARSE IS MINE ...lol

1) no demand 3 days back
2) lower closes on daily
3) red trend diamonds
4) 2800 breaks 200 to 400 pip trade

Attachment
I once read that a successful trader never lets his opinion (or the opinion of others) about the market get in the way of his trading. That author never read a post by Mal.

Again you prove yourself miles above the rest. We're playing checkers while you're playing chess.....
Attached Image (click to enlarge)
Click to Enlarge Name: Current2.png Size: 114 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #2,707
  • Aug 20, 2010 6:00am Aug 20, 2010 6:00am
Those diamonds are only 20 moving average, nothing magic there, maybe done for people who buy tradeguider, but cannot understand what is happening in VSA, I think Tom did not use moving averages when he was trading.
Really no use for moving averages, when you can read charts.
  • #2,708
  • Aug 20, 2010 6:54am Aug 20, 2010 6:54am
EU-H1
If that long sideways movement was accumalation, this could be shakeout.
If that was re-distribution, we could expect kiss and goodbye to last low.
Have to learn difference, when professionals are buying and when selling.
  • #2,709
  • Aug 20, 2010 8:34am Aug 20, 2010 8:34am
Quoting Intel
Hi rosso and welcome to the thread on Mals behalf

I tend to use M15 as my main trading chart but during the first few minutes of the day I will check all from H1 down to M5. Then I will concentrate on M15 and M5 whilst keeping in touch with the rest.

As an existing trader I'm sure you realise that the H1 chart doesnt need to be 'checked' as often as the M5 chart. I dont trade higher tfs than that for personal preference only. However, VSA works on all tfs so if you want to trade the daily for instance, fill ya boots.

I find the 60 min down works well , my fav for eu seems to be 30 min

for daily charts i use futures . i posted the eu chart yesterday , the no demand , the lower closes and today we see the result 200 pip plus in the bag
Blogging daily now at www.volume.zone
  • #2,710
  • Aug 20, 2010 8:34am Aug 20, 2010 8:34am
Quoting juhanimi
EU-H1
If that long sideways movement was accumalation, this could be shakeout.
If that was re-distribution, we could expect kiss and goodbye to last low.
Have to learn difference, when professionals are buying and when selling.
If you are getting confused about accumulation/distribution on a
Particular Timeframe , Just step up a Tmeframe or two and most
of the time You could see or get early warnings about what's coming.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurdaily.gif Size: 34 KB
Click to Enlarge Name: eur4hr.gif Size: 37 KB
  • #2,711
  • Aug 20, 2010 8:36am Aug 20, 2010 8:36am
Quoting Jmx
5 mins gu and hrly gu shows a lower volume test on the support had gone long with tight SL.

If this is going up will be much higher then what we see as the slow stoch also shows hidden bullish divergence in it.
no offense but
1) all those lines on the chart I cannot see the candle
2) what low vol test ? ..I think you were imagining it ..can you highlight what you were seeing on the chart
3) stochastics ... the fact that is showed bull div and price went down shows just how useless indicators are .... lol ... all in here know how i feel about indicators
Blogging daily now at www.volume.zone
  • #2,712
  • Aug 20, 2010 8:37am Aug 20, 2010 8:37am
Yes, that is the way I try to understand what is going on taomql4.
Only trading EU and have charts from weekly to 15 minutes.
  • #2,713
  • Aug 20, 2010 8:40am Aug 20, 2010 8:40am
Quoting malcolmb14
EU YOUR ARSE IS MINE ...lol

1) no demand 3 days back
2) lower closes on daily
3) red trend diamonds
4) 2800 breaks 200 to 400 pip trade

Attachment
see how simple with a bit of stalking ( gave up stalking women now i stalk something that makes money not takes money lol ) ... sorry mel !!!! , a simple no demand bar on the daily in a retracement shows the coming next move down .

eu has completed days range , so i di not expect much more movement today and as long as price remains under 1.2730 I am happy.
Blogging daily now at www.volume.zone
  • #2,714
  • Aug 20, 2010 8:44am Aug 20, 2010 8:44am
Quoting HiddenGap
I once read that a successful trader never lets his opinion (or the opinion of others) about the market get in the way of his trading. That author never read a post by Mal.

Again you prove yourself miles above the rest. We're playing checkers while you're playing chess.....
lucky guess ...

I have had some running commentary this week on why the hell has eu pa been so crap start of week, best I could come up with was that it was an attempt at wave 2 ... I am not an ew guy , but after the initial 500 pip shock last week a retracement should have been due and that retracement was weak to say the least ... all we need do then is look for further weakness on the daily chart and when that no demand bar popped up on daily futures I just about shit my pants.

This leg down down has potential of 600 to 800 pip
Blogging daily now at www.volume.zone
  • #2,715
  • Aug 20, 2010 8:47am Aug 20, 2010 8:47am
On monday we can see results from COT-report, this week commercials and large traders was on the zero line, but not crossed yet.

http://www.timingcharts.com/index.php

Choose:
euroglobex
1 year
weekly
comm
large
  • #2,716
  • Aug 20, 2010 8:50am Aug 20, 2010 8:50am
Quoting juhanimi
Those diamonds are only 20 moving average, nothing magic there, maybe done for people who buy tradeguider, but cannot understand what is happening in VSA, I think Tom did not use moving averages when he was trading.
Really no use for moving averages, when you can read charts.
you are right really no need for moving averages

however .....

using something like trend diamonds or a hulls stops you form trying to pick tops and bottom

one trader in the thread though they saw a low vol test on 60 and went long , not sure if they are stopped out , but we see no demands on a 15 min at top of current 60 min range , suggesting this move continues sunday / monday . In addition hulls on a 15 is red all thru london , .. why trade against this ?

a simple hulls being red says no longs till that sign of strength is confirmed . I also have potential stopping vol on a 60 , but till my hulls on a 60 changes I am staying in to collect my 500 pip ...lol

Attached Image (click to enlarge)
Click to Enlarge Name: chart2717.png Size: 188 KB
Blogging daily now at www.volume.zone
  • #2,717
  • Aug 20, 2010 8:54am Aug 20, 2010 8:54am
Quoting malcolmb14
you are right really no need for moving averages

however .....

using something like trend diamonds or a hulls stops you form trying to pick tops and bottom

one trader in the thread though they saw a low vol test on 60 and went long...
good stuff here Malc, got in short on the E/U at 1.2800 last night after you changed my perspective on things. good thing you did, thanks

i'm going to do my duty now and start from the beginning of this thread...ill post when im finished

does anyone know how to get all posts on a single page? or is that impossible?
  • #2,718
  • Aug 20, 2010 9:01am Aug 20, 2010 9:01am
Quoting Phonetic
good stuff here Malc, got in short on the E/U at 1.2800 last night after you changed my perspective on things. good thing you did, thanks

i'm going to do my duty now and start from the beginning of this thread...ill post when im finished

does anyone know how to get all posts on a single page? or is that impossible?

Best get your hands on Master the Markets by Tom williams. I think there was link posted earlier this week as to where you can get that from for free.

Read that and then study posts form start of thread.

There is not to much of an explanation as to what stopping vol is , what no demands are etc. Lots of chart examples and set ups before they happen. But in order to understand what they are you need to read mtm

VSA changed my entire trading and I am eternally grateful to my friend Matt ( Dr Geppygenius) for showing it to me.
Blogging daily now at www.volume.zone
  • #2,719
  • Aug 20, 2010 9:04am Aug 20, 2010 9:04am
Quoting taomql4
If you are getting confused about accumulation/distribution on a
Particular Timeframe , Just step up a Tmeframe or two and most
of the time You could see or get early warnings about what's coming.
And I was sure that was re-distribution, but because big boys from COT-report are on the crossroads, I am not so sure, what it`s gonna be, next monday I have more info. I took 300 pips yesterday from EU.
  • #2,720
  • Aug 20, 2010 9:09am Aug 20, 2010 9:09am
Quoting malcolmb14
Best get your hands on Master the Markets by Tom williams. I think there was link posted earlier this week as to where you can get that from for free.

Read that and then study posts form start of thread.

There is not to much of an explanation as to what stopping vol is , what no demands are etc. Lots of chart examples and set ups before they happen. But in order to understand what they are you need to read mtm

VSA changed my entire trading and I am eternally grateful to my friend Matt ( Dr Geppygenius) for showing it to me.
Great, I downloaded a copy of the book a few months ago. I will get started reading it. Looking forward to the start of something new...(being profitable!)
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