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vsa with Malcolm

  • #2,821
  • Aug 23, 2010 7:35am Aug 23, 2010 7:35am
fx is specially crap pa today ...lol

seems gu range 1.5520 to 1.5580 on a 5 min

euro 10 min had stopping volume on bottom overnight range 1.2680 to 1.2720

40 pip range in a pair that has 160 pip movement average last 21 days , tomorrow is going to be super volatile. This is like a spring winding up
Blogging daily now at www.volume.zone
  • #2,822
  • Aug 23, 2010 8:07am Aug 23, 2010 8:07am
Hi Malcolm,

Can you post some oil, gold and T-Bond charts when you have a chance.
Your input is always appreciated.

Alex
Think BIG!
  • #2,823
  • Aug 23, 2010 8:15am Aug 23, 2010 8:15am
Quoting frankkn
In MM he does say that tick volume is valid.
Excellent, I have definitely been taking a look at VSA last few days for forex.

I am a big fan of tools that help me to verify trade entry determinations for the get in RIGHT NOW type criteria. This has been the main reason I have been working with bid/ask ratio tools for the uptick/downtick volume flow in forex with good results. My prime objective is trying to research if there are better tools for tick volume analysis, as an initiated or building momentum filter to use in the algorithmic trade entry determination process.

VSA seems to help with detecting the general conditions for areas of potential buying or selling, but does not seem to be an actionable tool for ENTER NOW type trade entry determinations. Does anyone here use any rate of trade or tick volume intensity type volume tools for their trade entry determination process?

Thanks for any input!
  • #2,824
  • Aug 23, 2010 8:28am Aug 23, 2010 8:28am
hope you took the es upthrust on the 15 min , 1078 , just closed for 10 points as 1066 major support. we may break that but I do not want to be to greedy



Quoting Momentum3
Excellent, I have definitely been taking a look at VSA last few days for forex....
Blogging daily now at www.volume.zone
  • #2,825
  • Aug 23, 2010 8:29am Aug 23, 2010 8:29am
Quoting 1ADB
Hi Malcolm,

Can you post some oil, gold and T-Bond charts when you have a chance.
Your input is always appreciated.

Alex

oil under 75 head into 70 ....
Blogging daily now at www.volume.zone
  • #2,826
  • Aug 23, 2010 8:31am Aug 23, 2010 8:31am
Quoting 1ADB
Hi Malcolm,

Can you post some oil, gold and T-Bond charts when you have a chance.
Your input is always appreciated.

Alex
whats is ticker for t bonds ?
Blogging daily now at www.volume.zone
  • #2,827
  • Aug 23, 2010 8:38am Aug 23, 2010 8:38am
disagree on vsa not being an actionable enter now tool

if you see selling on the back ground , as we saw in eu overnight off 1.2720 area , then price test this are with a buying climax , ut etc , oin fact last top was awesome on eu and enabled me to get in with 20 pip stop , closed up on daily support 1.2660 , due to buying that came in this are.

now if i see a no demand bar then I may go in again but need at least 30 pip of room between entry and support on daily 1.2660

Quoting Momentum3
Excellent, I have definitely been taking a look at VSA last few days for forex....
Blogging daily now at www.volume.zone
  • #2,828
  • Aug 23, 2010 8:44am Aug 23, 2010 8:44am
Quoting malcolmb14
whats is ticker for t bonds ?

The September T-Bond is US0U (That's a zero not "O"), on Broco it is ZBU0.
Thanks
Think BIG!
  • #2,829
  • Aug 23, 2010 9:06am Aug 23, 2010 9:06am
Hi all,

I'd like to share my new toys. The main purpose of it is to extend mt4 platform's ability of showing various timeframes' charts and volumes.

Examples:
1. if you want a 10 min chart, just put them on a 5min chart and set NinOne = 2.

2. if you want a 45 min chart, put them on a 15min chart and set NinOne = 3.

It is just a beta version, even I havenot coined good names for them.

Any feedback would be highly appreciated.

Here we go!

polomine
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 19 KB
Attached File(s)
File Type: ex4 # iPolo - MultiCandle #.ex4   4 KB | 463 downloads
File Type: ex4 # iPolo - MultiVolume #.ex4   3 KB | 418 downloads
  • #2,830
  • Aug 23, 2010 9:45am Aug 23, 2010 9:45am
pure genius ... I hated that period convertor in mt4 ...

now if you could programme my dog to do what i tell him to and come when I say iI would much appreciate it !!! lol ... 1 year old lab that currently has selective hearing

Quoting polomine
Hi all,

I'd like to share my new toys. The main purpose of it is to extend mt4 platform's ability of showing various timeframes' charts and volumes.

Examples:
1. if you want a 10 min chart, just put them on a 5min chart and set NinOne = 2.

2. if you want a 45 min chart, put them on a 15min chart and set NinOne = 3.

It is just a beta version, even I havenot coined good names for them.

Any feedback would be highly appreciated.

Here we go!

polomine
Blogging daily now at www.volume.zone
  • #2,831
  • Aug 23, 2010 9:46am Aug 23, 2010 9:46am
Quoting polomine
Hi all,

I'd like to share my new toys. The main purpose of it is to extend mt4 platform's ability of showing various timeframes' charts and volumes.

Examples:
1. if you want a 10 min chart, just put them on a 5min chart and set NinOne = 2.

2. if you want a 45 min chart, put them on a 15min chart and set NinOne = 3.

It is just a beta version, even I havenot coined good names for them.

Any feedback would be highly appreciated.

Here we go!

polomine
thanks, I'll give it a try.
  • #2,832
  • Aug 23, 2010 9:49am Aug 23, 2010 9:49am
This cursory analysis is only an exercise to help me and whoever else to understand VSA.

A: Stopping Volume
B: Test for Supply
C: No Supply
D: Test for Supply
E: No Demand (Recent strength would renders this ND spurious. However as EU's weakness is pervasive this ND signaled sell orders.)
F: No Supply
G: I don’t understand this bar; any comments would be appreciated.
H: Absorbing Volume(mini intermediate swing high buying climax followed by reversal bars implies end of rising market and tight range expected until composite trader makes intentions clear.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5m-8-23-10_analysis2.gif Size: 22 KB
  • #2,833
  • Aug 23, 2010 10:13am Aug 23, 2010 10:13am
question ....

although analysis is somewhat correct .... well a anyway , shoudl you be looking for strength or further weakness. We bounced 10 pip off a MAJOR support line on daily

I saw this play completely differently than you did ... the fact that we could not break major support and we only have a 70 pip range day could be a sign of strength BUT I think that markekt is in pause mode waiting for us housing data tomorrow

will bounce around in 30 pip range most liekly till london

Attached Image (click to enlarge)
Click to Enlarge Name: chart02 au.jpg Size: 143 KB




Quoting rbumbalough
This cursory analysis is only an exercise to help me and whoever else to understand VSA.

A: Stopping Volume
B: Test for Supply
C: No Supply
D: Test for Supply
E: No Demand (Recent strength would renders this ND spurious. However as EU's weakness is pervasive this ND signaled sell orders.)
F: No Supply
G: I don’t understand this bar; any comments would be appreciated.
H: Absorbing Volume(mini intermediate swing high buying climax followed by reversal bars implies end of rising market and tight range expected until composite trader makes intentions...
Blogging daily now at www.volume.zone
  • #2,834
  • Aug 23, 2010 10:18am Aug 23, 2010 10:18am
The following brief analysis covers the time of decision in the EU just prior to the most recent sell down from 15:40 to 16:00 GMT+1.

A. Down bar with narrow spread and higher volume. This is bearish because selling was absorbing buying.

B. Run up bar with tall upper shadow and climax high volume implies this was a buying climax. The upper shadow is bearish and warns up side is limited.

C. Hidden Up Thrust on higher volume than the bar at A. This signals up move over.

D. Indecision Doji bar signaling waning demand exiting and waxing supply entering market. The subsequent down bar confirms renewed bearish price action.

Please critique and comment on my amateurish VSA commentary. TIA.
Attached Image (click to enlarge)
Click to Enlarge Name: eu5m-8-23-10_analysis3.gif Size: 22 KB
  • #2,835
  • Aug 23, 2010 10:27am Aug 23, 2010 10:27am
look to the left .....


Quoting rbumbalough
The following brief analysis covers the time of decision in the EU just prior to the most recent sell down from 15:40 to 16:00 GMT+1.

A. Down bar with narrow spread and higher volume. This is bearish because selling was absorbing buying.

B. Run up bar with tall upper shadow and climax high volume implies this was a buying climax. The upper shadow is bearish and warns up side is limited.

C. Hidden Up Thrust on higher volume than the bar at A. This signals up move over.

D. Indecision Doji bar signaling waning demand exiting and waxing supply...
Blogging daily now at www.volume.zone
  • #2,836
  • Aug 23, 2010 10:33am Aug 23, 2010 10:33am
Quoting malcolmb14
question ....

although analysis is somewhat correct .... well a anyway , shoudl you be looking for strength or further weakness. We bounced 10 pip off a MAJOR support line on daily

I saw this play completely differently than you did ... the fact that we could not break major support and we only have a 70 pip range day could be a sign of strength BUT I think that markekt is in pause mode waiting for us housing data tomorrow

will bounce around in 30 pip range most liekly till london

Attachment
Hello Mr Malcolmb; thank you for pointing out the obvious. There was indeed an Effort to move down to Major Support. This Resulted in a very small bounce that demonstrates continued weakness. I agree with you that the markets await arrival of the latest big deal news release and that EU will move in a range till a reason to chase the herd presents itself. And you are still righter to notice that I ignored the obvious buying climax at 18:05. Thank you, and with the assistance of good people like you, I will eventually come to understand VSA. There is a learning curve here, and I am applying myself to it with renewed vigor and vitality.

BWFBP
  • #2,837
  • Aug 23, 2010 10:34am Aug 23, 2010 10:34am
Hi Mal
what are you expecting tomarrow in london session abour GU i am looking for short tomarrow.

If ithere is a little up move then a stoping volume or up thrust on high volume near any pivot and a no demand or down move and again up move which will make lower high with up thrust. as i have seen today.

What is your openion about tomarrow.
  • #2,838
  • Aug 23, 2010 10:42am Aug 23, 2010 10:42am
to days chart
Attached Image
  • #2,839
  • Aug 23, 2010 10:43am Aug 23, 2010 10:43am
Quoting malcolmb14
look to the left .....
Doh! (slaps self on forehead) "To your left, as you look into the window of the A Priori fantasy world of fiat currency trading that enslaves all Men Qua Men by virtue of securitization of all their labors, you will see prior high prices that sold down from supply resistance." said the Infidel's Fantasy Forex Tour Guide (IFFTG) as she slowly poured the Infidel another drink.

Meanwhile in reality, Robert Bumbalough is slowly learning how to regain his substantial losses while having a moderately good time, and in the attached chart the left is visible on the 15M bar chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15m-8-23-10_analysis4.gif Size: 27 KB
  • #2,840
  • Aug 23, 2010 10:45am Aug 23, 2010 10:45am
Quoting rbumbalough
Doh! (slaps self on forehead) "To your left, as you look into the window of the A Priori fantasy world of fiat currency trading that enslaves all Men Qua Men by virtue of securitization of all their labors, you will see prior high prices that sold down from supply resistance." said the Infidel's Fantasy Forex Tour Guide (IFFTG) as she slowly poured the Infidel another drink.

Meanwhile in reality, Robert Bumbalough is slowly learning how to regain his substantial losses while having a moderately good time, and in the attached chart the left is...
I knew you would get it ... the background suggested that the area you pointed out and saw major weakness was the area to look for further weakness , and indeed it turned out to be an awesome trade.
Blogging daily now at www.volume.zone
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