vsa with Malcolm

do not really know ftse

seems on dj today we are getting a relief rally , off critical support 10000.

will see what next week brings , but oiverall based on those volumes in tresuries 30 year on daily I ecpect eu and gu to climb a bit...

not sure what effect this will have on stock market , but for now anyway critical support is holding

Polomine,
what settings should i put, to get like real candles and volumes ? It shows only rectangles for me.

Thanks.

Best,
T

Iam not sure why you need to know ftse if you know vsa.
Wahid ftse is righr at d1r at 5197. We do have decreasing volume on the hourly and has also a upthrust like pattern last candle. I would lean to short 5164 target. It is getting late on friday though so might need to take a frsh look on monday.

theer is weakness in the background to but it beung right on major st r is alarms for me.

Is the market too erratic to trade and analyze using vsa on Friday after N.Y. lunch time?

No.

B,
T

pretty much ....

the market is eratic full stop lol ...

this week has been a tough week , for me anyway, surprised i came out with anything

Sorry i don't have it , i just spotted the charts on another thread-
But i think Tataocb might be able to tell you more about it .

Mr malcomb: would you be so kind at to have a look at your favorite charts and find a text book example of End of a Rising Market VSA setup. I am confused on this particular topic.

Best Wishes for Big Profits

RB

they are very rare .... so hard to find , but if i get one I will post it

Thank You malcolm. With only a little googling, the search engine found for me this interesting post at Trader's Laboratory forums.

http://www.traderslaboratory.com/for..._i_summary.pdf

The 3.9 mb pdf contains a summary of VSA teachings as extracted from Trader's Laboratory VSA forum. Registration is required to download. The VSA threads are lengthy and seem to contain much useful information and teaching.

As for "End of Rising Market". definitions and examples are found in the attached TG Indicators Guide that describes the basic VSA bars. EORM is found at new all time or multi-year highs where there is a complete dearth of prior resistance price levels. The bars appear as narrow range/spread closing on the high with high [or very high] volume. In Forex, Interbank traders would be supplying selling into extreme demand following a buying climax, yet they would be unwilling to markup the price any further. IBTs would be bearish while the news was glowingly positive, and the buying public would be keen on acquiring at all time high prices in anticipation of further new highs. Subsequent low volume No Demand bars and or high volume up close shooting star or dojis would indicate additional weakness.

The TG Indicator Guide relates on page 9 that

"End or Rising Market ... indicator responds to HIGH VOLUME on a NARROW SPREAD up bar, while the next bar is down. Weakness always appears on an up-bar because to stop an up move supple has to swamp the demand. These signals often mark the tops of rallies - even the market tops. When not appearing in genuinely NEW HIGH GROUND this indicator might be showing absorption volume."

So since EORM is found at market tops at new all time highs or multi-year highs, then indeed it would be a rare indicator. I have just examined the EU daily chart for its entire history, and I do not see an example of EORM.

On November 9, 2007 Cable made a multi year high at 2.1161 the daily bars were close to a EORM indicator, but the presence of upper shadows eliminated a close on the high.

In this 4H Cable chart from 11-9-07, the bars more closely resemble an EORM indicator. After the new high came the high volume narrow spread bar that closed in the upper 1/4 of its range. That was followed by an even higher volume up doji with a middle close that showed supply overcoming demand. The big effort to move down bar that followed next indicated that big sellers were satisfied conditions for a market top had been met by the three previous bars.

I like your template setup. I have been using green and red for the candles and just looking at yours is calming versus looking at bright colors.
Is that template with indicators something you would be willing to share, kind of like a free lunch?

Do any of you fine ladies/gentlemen trade the first couple hours of Tokyo?

My schedule is about to change. For the next 9 weeks I'll only have 3 evenings (Asian session) to trade.

Another week comming up and Sundays price action looks like they might want to continue up. Good luck to everyone this week. I hope its better than last for myself.

watch 1084 es ... if that hold we may go for another test of last weeks lows ... last week eneded on a high vol doji , now interested to see what volumes we see on up moves. channel 1040 to 1067 , 1067 to 1087

aj maybe the pair to trade this week ... been pretty nice since wed of last week

very interesting read ... I am complete agreement with this article but for different reason

watch for any signs of weakness on stocks or indexes to establish some nice sell positions


http://seekingalpha.com/article/2227...ard_macro-view

and on gu and gj and eu too?

if market move down then gu and eu should also , but that is provided that the correlation is there .

we can see in the last 2 weeks or so that there has been little correlation

hey mal what broker u use that lets u trade everything? U have different brokers? I was checking IB.