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vsa with Malcolm

  • #2,841
  • Aug 23, 2010 12:50pm Aug 23, 2010 12:50pm
Quoting wajid
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 tomorrow.
tomorrow is another day ... looks like potential stopping vol on the 60

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  • #2,842
  • Aug 23, 2010 12:50pm Aug 23, 2010 12:50pm
New to VSA but currently reading MTM and closely analyzing all charts you guys are posting. Like most strategies it all seems quite clear after the moves have taken place but its a different story real time!

Thanks

Dave
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  • #2,843
  • Aug 23, 2010 12:52pm Aug 23, 2010 12:52pm
Could anyone get the video to play.


Quoting rbumbalough
Whomsoever it was who posted link to Tradeguider VSA instructional seminar recordings at

http://www.tradeguider.com/customer/...px?Submit=Back

Thank you. These lectures are educational.

Best Wishes for Big Profits
  • #2,844
  • Aug 23, 2010 12:57pm Aug 23, 2010 12:57pm
There are more free videos:

http://www.megaupload.com/?d=ZIM8BTO7

and there:

http://www.free-ebook-download.net/v...um-london.html
  • #2,845
  • Aug 23, 2010 1:09pm Aug 23, 2010 1:09pm
Quoting rossobonks
New to VSA but currently reading MTM and closely analyzing all charts you guys are posting. Like most strategies it all seems quite clear after the moves have taken place but its a different story real time!

Thanks

Dave
Yes, you are right, you have to practise and trend channels are good to see these areas, where you can expect something to happen. And to see difference with accumalation and distribution is vital part 2.
  • #2,846
  • Aug 23, 2010 1:14pm Aug 23, 2010 1:14pm
I always look at 15 min 1st then sometime 5 but not often

stopping vol , higher lows on test show up move off daily support.

The down slide to that daily support looked like some form of test / shake out.

I would not be surprised to see eu rise tomorrow into 2800 area

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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...
Blogging daily now at www.volume.zone
  • #2,847
  • Aug 23, 2010 1:34pm Aug 23, 2010 1:34pm
Malcolm,
How do you use market profile in your trading?
Quoting malcolmb14
I always look at 15 min 1st then sometime 5 but not often

stopping vol , higher lows on test show up move off daily support.

The down slide to that daily support looked like some form of test / shake out.

I would not be surprised to see eu rise tomorrow into 2800 area

Attachment
  • #2,848
  • Aug 23, 2010 1:48pm Aug 23, 2010 1:48pm
Quoting malcolmb14
tomorrow is another day ... looks like potential stopping vol on the 60

Attachment
Malcolm, I'd be curious to understand what you see when you look at the M30 chart (and perhaps via esignal) - looks like the sellers at 1.558 sent it to 1.55 and were matched (perhaps slightly exceeded) in volume by buyers. Can it be that looking at that same volume on a H1 is somewhat deceptive, ie., not showing the actual PA movement and masking sellers as buyers? So on the H1, wouldn't at least half of that volume be sellers?
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  • #2,849
  • Aug 23, 2010 2:58pm Aug 23, 2010 2:58pm
Quoting malcolmb14
cat daily will be looking for further signs of weakness

Attachment
67.5 nov calls came into play today , currently up from 4.40 to 4.90
Blogging daily now at www.volume.zone
  • #2,850
  • Aug 23, 2010 2:59pm Aug 23, 2010 2:59pm
Quoting malcolmb14
I always look at 15 min 1st then sometime 5 but not often

stopping vol , higher lows on test show up move off daily support.

The down slide to that daily support looked like some form of test / shake out.

I would not be surprised to see eu rise tomorrow into 2800 area

Attachment
I am still holding sells though ..lol...

targeting 1.2500 or stopped out plus intraday trading ...

mostly focused on eu this week. and ES

we have not had much in the way of buy interest off 1,2660 major support on daily eu , but we have had narrow range day , I htink market is just consolidating ahead of housing data tomorrow
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  • #2,851
  • Aug 23, 2010 3:32pm Aug 23, 2010 3:32pm
IN consolidation phase, Do SM accumulate the Stock for further down movement if momentum is Bearish? Because at Daily SUpport we see large vol, so it seems SM are buying.

Quoting malcolmb14
I am still holding sells though ..lol...

targeting 1.2500 or stopped out plus intraday trading ...

mostly focused on eu this week. and ES

we have not had much in the way of buy interest off 1,2660 major support on daily eu , but we have had narrow range day , I htink market is just consolidating ahead of housing data tomorrow
  • #2,852
  • Aug 23, 2010 3:50pm Aug 23, 2010 3:50pm
Quoting skyscraper
IN consolidation phase, Do SM accumulate the Stock for further down movement if momentum is Bearish? Because at Daily SUpport we see large vol, so it seems SM are buying.
always look for reaction

we do see some high vol at 1.2660 on eu but so far the reaction to that has been muted.

it could be that the sellers are willing to absorb all this buying.

If we see lower prices thru tomorrow we should see some form of rapid mark down under 2660 into 2500
Blogging daily now at www.volume.zone
  • #2,853
  • Aug 23, 2010 4:17pm Aug 23, 2010 4:17pm
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
Hey Mal,

I thought a buying climax had to close in the middle, or is this heavily relying on the next bar being down?

Seeing as volume and spread are increasing, normally when vol increases and spread decreases we know sellings happening. does the wider spread have anymore signifcance other than resulting in the downbar?

Cheers
  • #2,854
  • Aug 23, 2010 4:22pm Aug 23, 2010 4:22pm
Quoting Tea_trader
Hey Mal,

I thought a buying climax had to close in the middle, or is this heavily relying on the next bar being down?

Seeing as volume and spread are increasing, normally when vol increases and spread decreases we know sellings happening. does the wider spread have anymore signifcance other than resulting in the downbar?

Cheers
maybe you are right on the buying climax .... I have never been to brilliant at the terms , just understanding what the pattern means is enough .

I have a bad memory for names... lazy more like lol
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  • #2,855
  • Aug 23, 2010 4:43pm Aug 23, 2010 4:43pm
i am hevily loaded short. just loaded another one at 67. i am very good, thanks to u and the rest of the VSAers, at reading the charts and vol as it happens. but i am not so good at setting TPs. basically that's like seeing into the future and i can only read the present.

so now i am faced with the ever lasting question, to greed (and risk no getti ng to tp) or not to greed (and loose an easy run, wasting, therefor, some $$$)?

My tps for half my positions are at 2608 (give or take a pip). yet u spreak of 2500!

take my half out at 26 and the other half at 25? better safe then sorry strategy?


thanks for the input

PS have u noticed that on the eu thread volume is so much more spoken of? when i first started everyone jumped me that forex had no vol and now...


Quoting malcolmb14
always look for reaction

we do see some high vol at 1.2660 on eu but so far the reaction to that has been muted.

it could be that the sellers are willing to absorb all this buying.

If we see lower prices thru tomorrow we should see some form of rapid mark down under 2660 into 2500
dreams do come true.
  • #2,856
  • Aug 23, 2010 4:46pm Aug 23, 2010 4:46pm
you hopefully not to spoken of so they do not change the game on us ....

1.2500 is my t01 , 1.2200 then 1.2180

I am very bearish on the markets overall right now.

Looking for es 1060 to give way to 1040 , then see if this break 1003 , then if htis break 950 to 900

Quoting wannaberich
i am hevily loaded short. just loaded another one at 67. i am very good, thanks to u and the rest of the VSAers, at reading the charts and vol as it happens. but i am not so good at setting TPs. basically that's like seeing into the future and i can only read the present.

so now i am faced with the ever lasting question, to greed (and risk no getti ng to tp) or not to greed (and loose an easy run, wasting, therefor, some $$$)?

My tps for half my positions are at 2608 (give or take a pip). yet u spreak of 2500!

take my half out at 26 and the...
Blogging daily now at www.volume.zone
  • #2,857
  • Aug 23, 2010 4:51pm Aug 23, 2010 4:51pm






Quoting malcolmb14
you hopefully not to spoken of so they do not change the game on us ....

1.2500 is my t01 , 1.2200 then 1.2180

I am very bearish on the markets overall right now.

Looking for es 1060 to give way to 1040 , then see if this break 1003 , then if htis break 950 to 900
dreams do come true.
  • #2,858
  • Aug 23, 2010 5:08pm Aug 23, 2010 5:08pm
Master,

i just saw some interesting volume on a strike to 85 on uj. we bounced up and could be heading for another trial. no demand and up candle could be a nice buy setup...
please be aware that, where i am right now, i don't have the best of volume feeds so it could read diferently on your e-siganl feed.

i am looking at this pair because R/R looks great if the correlation with EU reverses and 85 seems to be doing a great job at this.

Well, truth is i started looking in the first place because Gator mentioned it LOL

what's your take? wait for decoupling of EU and UJ first? just trade it when the setup comes (whatever the correlation is!)?

green pips, Big M
dreams do come true.
  • #2,859
  • Aug 23, 2010 5:16pm Aug 23, 2010 5:16pm
do not overthink correlations..sometimes they work sometime they do not.

What happens if tomorrow housing data is bad ? usd may get weaker and eu flys up yet stock market can still head down , the correlation we saw today could be decoupled tomorrow.

trade the chart ...choose one or 2 pair. I saw some guy following 10 pair... awesome but thing with that is you lose focus and miss all the moves.

eu or gu are my weapons of choice , along with ES

Typically I will follow one at once..... why trade eu and gu .... if you are usd bearish and suddenly it becomes bullish you are worng on both and lose double the money .

targets 250 pip per week .... who cares if others are earning 2 billion pips ... likely they are full of shit as 90% fail , 5% break even and 5% make any money in this game. BTW 250 pip per week is 12,000 per year. a smashing rate of return .
eu moves has about 120 pip range average per day .. all i want is a slice of that action

sorry for the ramblings ...

Quoting wannaberich
Master,

i just saw some interesting volume on a strike to 85 on uj. we bounced up and could be heading for another trial. no demand and up candle could be a nice buy setup...
please be aware that, where i am right now, i don't have the best of volume feeds so it could read diferently on your e-siganl feed.

i am looking at this pair because R/R looks great if the correlation with EU reverses and 85 seems to be doing a great job at this.

Well, truth is i started looking in the first place because Gator mentioned it LOL

what's your take? wait...
Blogging daily now at www.volume.zone
  • #2,860
  • Aug 23, 2010 5:19pm Aug 23, 2010 5:19pm
Something really strange is up with the markets all day, and also in this least liquid time ... seems no interest all around.

On UJ, I'm not seeing any demand - relative nor certainly compared to previous dips. eSignal would though have the best aggregated volume view, esp. during these non-trading hours when most brokers see the least amount of activity. (my normally good feed here is CitiBank as LP.) I would think pros are expecting lower prices.
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