vsa with Malcolm

There has been some issues with IBFX volume feed recently. Look back a few posts.

I am currently in a trade on the lower TFs so if they say get out then I will.

H1 is being monitored all the time tho so I can see the bigger picture.

No not really. The 2nd bar is too short and closes in the middle.

For a 2 bar reversal the 2nd bar should be at least the same spread as the first and close on the high.

Some examples. There are some better, more 'ideal' examples to find but these show the the sentiment.

EU m15

Price decreasing while volume decreases

This means SM is taking a breather?

Guys, you overestimate it now, look at this H1 dojis, market is rather indecisive right now, EU/GU sit near mid-strong resistances, D1 trend and H1 double-top kind formations favor downside, but its better to wait for clearer picture to be painted first

Intel ya still in? Looks like the low volume no demand was just a SL grab?

Also EU's declining volume mentioned earlier threw it into chop mode

does anyone have an opinion on where this current consolodation on E/J is going by end of morning ?

cheers all

GU M15

Looks like a prepositioning mark down to me.

If we have H1 close under 1.5485 (50% of the 24-26 Aug Upmove and today's bottom) it will confirm downside direction. If not we would have shakeout. This hour candle is gonna be high-volume one

Guys - look on my post 13 hours ago

I am now happy - THAT was target


B,
T

When I click to save it in MT4 indicator folder its not mq4 extension its PHP file extension and hence not working. Could anyone help with that.

thank you

pipspike

Upper right side on this site, paperclip->hide images->download mq4 file

It's a bug on the FF pages. It's downloaded correctly, just has the wrong name. Rename it, or do as juhanimi advised.

From the one hand bar A is a sign of streangth. We see a lower low with high (ultra high volume) closing up. What strange here is ultra high volume!

From the other hand we see up bar closing on the high with ULTRA high volume, so supply can be there!

So what do you think? Mal, HG, Intel?

Is that not the news release bar? I cant see that well on your chart what the time stamp is.

Either way, mass accumulation on the S&P with that spike below 1038

V 2008 , look on my chart.

THAT ALL - NOTHING MORE

Best,
Tom

Trade to Trade Well, not just Make Money!

by dtitrader on Aug 26, 2010
Trade To Trade Well, Not To Make Money!



I have repeated this statement hundreds of times to my students. It seems like a contradiction but it really is not. Traders who routinely make enormous amounts of money trading don’t mentally count the dollars while they’re trading. They don’t keep a mental calculator continuously running in their head to constantly keep track of how much money they’ve put into their account. “Let’s see, I bought 1000 shares of Haliburton and it’s up one point, times one dollar a share, equals 1000 dollars!”


Nothing and I mean nothing, will blow your concentration and cloud your judgment faster than keeping that calculator running in your head, calculating the dollars you’ve made or lost each minute that goes by during the trading day.


Another booby trap is to announce to the world, your husband, wife or even your dog that you’re going to make a specific amount of money trading today. You’re setting yourself up for failure. Setting as specific dollar amount you must bring home each day, especially if you’re a beginning trader, assures that it probably won’t happen. This need to make a specific amount of money colors your view of the market and pressures you to open positions that are marginal trades because you have promised yourself or worse yet, someone else - that you’re going to bring home the cash! Your pledge echoes in your mind, so you force trades. Odds are, you lose money. Now you’re embarrassed with yourself and you start questioning your self-esteem, which automatically leads to more losses.


The cure for this illness: From this point forward, your goal is not to make money. Your goal is to trade to trade well! Money is a by-product of trading well. A very interesting thing starts to happen when you focus on trading well. Your profits will start to add up a lot faster than they did when making money was your primary goal. This is simply because traders who focus on trading well cut their losses and let their winners run. They protect their capital and leave unnecessary risks to others. They recognize a choppy market and sit on their hands and don’t trade. They make promises to no one, including themselves, about the money they want to take home.


Traders who trade well let the market come to them. They are extremely patient and disciplined. They wait for the perfect setup and entry point. If that perfect point doesn’t come along, oh well, they wait for the next one knowing that another chance is just around the corner. Once in the trade, they mechanically and methodically manage their position, taking profits at specific points, and moving their stop loss to protect their principal.


Traders who trade well don’t trade simply for the excitement of the trade because they have become addicted to the thrill. They don’t trade out of boredom or when they are sick or tired. They don’t trade especially if they have stress in their life that disallows their full focus on the market. Successful traders always abide by their trading rules and never stray from them.


Traders who trade well are perfectionists and are very wealthy as a result of their unwavering discipline. You too should have this goal.



Happy Trading!

Yes, it was USD GDP release.

You mean the following bar on your chart is something like a squat?
I thought you telling about this bar B. Which shows that there is supply.