vsa with Malcolm | Page 167 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #3,321
  • Sep 1, 2010 3:47pm Sep 1, 2010 3:47pm
Malcolm,

The other day we talked about trading styles and you mentioned about trading options. What kind of options and futures do you trade?

Pardon my ignorance but what does CAT Nov mean?

Thanks.
  • #3,322
  • Sep 1, 2010 4:26pm Sep 1, 2010 4:26pm
Quoting wajid
Thanks Petar

I am out of trade.

What is your entry and stop loss.
YOu are welcome my friend > My Sl is below last swing around 1.0465 TP on Fibo 50 %,i take another entry no on 1.0500 for three reasons >


1. Low Volume on trendline is sign for weaknes in this case on down pressure (page 63, Master the Markets)

2.Big numbers (1.0500,1.0550,1.0600..)

3.Selling Climax M30,H1

For me this is good entry but let the market decide >


Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: tl.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #3,323
  • Sep 1, 2010 4:56pm Sep 1, 2010 4:56pm
Quoting Sonofsin5
Most majors are now consolidating after their moves, Ill call it a day and be back for Asia. Unless there is a huge upthrust or extremely evident weakness on the 1 hour charts I see no reason to be looking for shorts at the moment.

agree 100% those long usdcad may get their stops hit pretty quickly...that stopping volume has had NO reaction
Blogging daily now at www.volume.zone
  • #3,324
  • Sep 1, 2010 6:00pm Sep 1, 2010 6:00pm
THis is my second pair i decided to trade on Asia and London...Tomorow we have many news and i wont trade during that news that is why u took USDCAD buy and EURJPY sell,that 2 pairs looks very good setups to me but we will see >
Took sell on EURJPY with 70 pips SL 1.5 % risk on this trade from balance > TP about 140 pips >
We have Stoping Volume on M30 with 3 good pins on 3 bars also i see clear Buterfly pattern on EURJPY and on H4 we are on 61.8 Fibo >

Cheers


Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh44.gif Size: 18 KB
Click to Enlarge Name: eurjpym30.gif Size: 20 KB
"Buy on fear, sell on greed !!!
  • #3,325
  • Sep 1, 2010 6:21pm Sep 1, 2010 6:21pm
HMA repaints bar0 and bar1. I have mentioned that in my HMA monitor indicator.

Quoting djarum11
Malc, do you account for any HMA repaint? i'm not sure, is it just the current bar that repaints or is it a couple of bars?
  • #3,326
  • Sep 1, 2010 6:58pm Sep 1, 2010 6:58pm
Quoting malcolmb14
agree 100% those long usdcad may get their stops hit pretty quickly...that stopping volume has had NO reaction
1.05 is a good support level and a whole number. Yes, we raced down to this level today, but will we stay here?
Si vis pacem, para bellum.
  • #3,327
  • Sep 1, 2010 7:01pm Sep 1, 2010 7:01pm
one bar does not make a sell with strength in the back ground on ej

same with usdcad there has been one bar , and price is still around low of day

Quoting Petar_Serbia
THis is my second pair i decided to trade on Asia and London...Tomorow we have many news and i wont trade during that news that is why u took USDCAD buy and EURJPY sell,that 2 pairs looks very good setups to me but we will see >
Took sell on EURJPY with 70 pips SL 1.5 % risk on this trade from balance > TP about 140 pips >
We have Stoping Volume on M30 with 3 good pins on 3 bars also i see clear Buterfly pattern on EURJPY and on H4 we are on 61.8 Fibo >

Cheers


Petar
Blogging daily now at www.volume.zone
  • #3,328
  • Sep 1, 2010 7:09pm Sep 1, 2010 7:09pm
Quoting malcolmb14
one bar does not make a sell with strength in the back ground on ej

same with usdcad there has been one bar , and price is still around low of day
Hmm,

My USDCAD is based on trendline and price action and stoping volume confirmed my entry.On m30 USDCAD is above my average and i took thiat trade.ON Eurjpy my setup is based on Fibo retrace+pettern and also stoping volumen with 3 weak bars...I have my trding style and that style is according my personality
"Buy on fear, sell on greed !!!
  • #3,329
  • Sep 1, 2010 7:12pm Sep 1, 2010 7:12pm
Quoting malcolmb14
one bar does not make a sell with strength in the back ground on ej

same with usdcad there has been one bar , and price is still around low of day
USDCAD is good setup for me becouse i explained

Big numbers
Strong TL
Stoping volume+low volume on TL

I think is enough for my desicion
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadd.gif Size: 21 KB
"Buy on fear, sell on greed !!!
  • #3,330
  • Sep 1, 2010 7:22pm Sep 1, 2010 7:22pm
hi for all
euro/usd the range is 1.28-->1.32
oil range to 68
gold near to 1264
  • #3,331
  • Sep 1, 2010 7:37pm Sep 1, 2010 7:37pm
Cable also looks bearish to me but i wont take that trade becouse i have 2 setups but we will see tomorow.Tomorow we have many news and when i woke up i will see how my trades going.

ON cable we have Buying climax on Chanel from my view and this can go down but as i said this is Forex and trade just what you see and dont forget Money Menagement...


Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: looks.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #3,332
  • Edited 9:37pm Sep 1, 2010 9:36pm | Edited 9:37pm
Quoting disegnosys
Malcolm,

The other day we talked about trading styles and you mentioned about trading options. What kind of options and futures do you trade?

Pardon my ignorance but what does CAT Nov mean?

Thanks.

CAT and NOV are stock symbols on the NYSE. They were options malcomb and myself were trading.
  • #3,333
  • Sep 1, 2010 10:15pm Sep 1, 2010 10:15pm
Quoting Petar_Serbia
Hmm,

My USDCAD is based on trendline and price action and stoping volume confirmed my entry.On m30 USDCAD is above my average and i took thiat trade.ON Eurjpy my setup is based on Fibo retrace+pettern and also stoping volumen with 3 weak bars...I have my trding style and that style is according my personality

cool but you missed my point .. one bar does not make a trade in vsa ... vsa is about history .. background etc etc ...
Blogging daily now at www.volume.zone
  • #3,334
  • Sep 1, 2010 11:13pm Sep 1, 2010 11:13pm
Quoting HiddenGap
Problem #1: too many indicators on your chart. I don't know how you can see price effectively with all that other stuff on your chart.

Now, If you are going to use some of that stuff, then you should take advantage of them. Why would you even think about a short when price is above all your MAs? There is no need to catch tops and bottoms.

I have attached a copy of my chart. Yes, there are a couple of indicators. But I don't trade the indicators. I trade the price action using VSA and use the indicators to do one thing-indicate trend.

I would...
Hi HiddenGap,

Your explanation on your Chart2-EUR/USD-Long is clear.

Your explanation on your Chart1-EUR/JPY to go Long AFTER my entry is also clear.

Not clear is AT the point of my entry on EUR/JPY-Short.
This is due to my chart with too many indicators so harder to see.
So I have used your Chart1-EUR/JPY to re-explain my entry.


(1) Too many indicators on my chart is due to this is a template following another thread. I keeping this old template to see the effect of VSA on this old template.
As this is a VSA 1st trade, I only focus at:
- Price
- Better Volume
- Hull
- a bit of my 3 Moving Avg lines
- Did not look at other indicators on my original chart.
- I entered Short at Below Hull and also below the 3 MovAvg lines.


(2) Refer to this modified chart below:
- EUR/JPY M15 - Short entry
- Background Weakness due to previous day price go Down much.
- Saw 'A' as a bit of reversal after a small double-top.
- Saw 'A' as first sign of Sellling Pressure.
- Saw 'B' as second sign of Selling Pressure, 'B' confirmed 'A'.
- Note at 'B', it is Below DBPL but still Blue. And also 'B' is Below my original 3 MovAvg lines in my original chart.
- Note at 'B', Volume increased from 'A' to 'B'.
- Note at 'B', %R36 turns Red, and the Signal Line is at and a bit below horizontal line.
- My right edge trading is at 'B', I decided to Short and enter a few pips below the 'B' Low.
- My actual Short entry is probably at 'C', the small Yellow horizonal line. The system automatic trigger my entry, and this 'C' resulted as "Demand". I would not have known bar 'C' is a "Demand" at my signal bar 'B'.

HiddenGap, please advise again at price 'B' whether or not my above analysis is ok in regards to VSA ??

And why would you NOT do a Short at bar 'B', or Short the small bar straight after bar 'B' ??


(3) Separate issue. I using Jing to annotate on your chart, but my anotations still look too big.
What do you use to annotate your charts as your arrows and texts appear small and still clear ??


HiddenGap, much appreciated for your previous explanation and feedback.

Cheers,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-01_VSA_Exit1_EURJPY_Short_Response_To_HiddenGap.png Size: 126 KB
  • #3,335
  • Sep 1, 2010 11:27pm Sep 1, 2010 11:27pm
Quoting malcolmb14
foxybunny ..

following HG post ... always look to hightime frame for trend .

60 min hulls was green , so we should be looking for longs on dips 10 min charts

This hulls ma has kept me out of doing silly things alot of the time

Hence i did not sell eu this morning even for a counter trend trade

Attachment
Hi Malcolm,

I saw the "No Demand" on EUR/USD M15 after London close as also pointed out by Wajid.
Did not trade because about to go to sleep at that time.

Otherwise I may have taken the EUR/USD-Short on that signal.
I "pretend" to put a Short entry there, so see what is the result today.

By looking at the H1 chart, the Hull at that "No Demand" signal is still green, even though M15 Hull is red.

Good point you gave to look at H1 chart as well to confirm.
Just have to juggle when to enter when there is contradicting Hull color on H1 and M15.
Guess that we would be afraid of missing out at getting an earlier entry on M15 if we wait for H1 to confirm.

Thanks Malcolm.

Cheers,
FB.
  • #3,336
  • Sep 1, 2010 11:37pm Sep 1, 2010 11:37pm
also pa .. for example gu here has a nice bull flag

we have seen subtle buying on dips since US highs of us .. so not sure what peoaple see as bearish in gu other than it is in a downward flag channel

anyway hulls turned green , hit a long1.5440 , stop 50 pip ( gu has a habit of doing a shake out) target 1.5575

Petar .. btw short on usdcad 1.0532 tp 1.0400

Attached Image (click to enlarge)
Click to Enlarge Name: chart2804.png Size: 204 KB


Quoting foxybunny
Hi Malcolm,

I saw the "No Demand" on EUR/USD M15 after London close as also pointed out by Wajid.
Did not trade because about to go to sleep at that time.

Otherwise I may have taken the EUR/USD-Short on that signal.
I "pretend" to put a Short entry there, so see what is the result today.

By looking at the H1 chart, the Hull at that "No Demand" signal is still green, even though M15 Hull is red.

Good point you gave to look at H1 chart as well to confirm.
Just have to juggle when to enter when there is contradicting Hull color on H1...
Blogging daily now at www.volume.zone
  • #3,337
  • Sep 1, 2010 11:44pm Sep 1, 2010 11:44pm
Here is USD/CAD
Stopping volume then Double bottom at low vol.

Hull in green.
a= volume is increasing shows buying interest.
B= down bar at low vol spread is narrow shows no supply
c= another low volume bar if it will close off the high. we should enter long?
Attached Image
  • #3,338
  • Sep 1, 2010 11:51pm Sep 1, 2010 11:51pm
Quoting wajid
Here is USD/CAD
Stopping volume then Double bottom at low vol.

Hull in green.
a= volume is increasing shows buying interest.
B= down bar at low vol spread is narrow shows no supply
c= another low volume bar if it will close off the high. we should enter long?

sold and why ?

very subtle .....1,0524 is resis on 4 hr , bear flag , wide spread up bar hit with subtle selling and NO vol on up move ....

lets see if this plays out or not. I did not really see a ton of buy interest even though ucsdcad has move up slightly. I see this as flag for now , in fact using vsa in a flag situation like this we should be looking for no demand , buying climax or ut to enter a sell for break of flag

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 119 KB
Blogging daily now at www.volume.zone
  • #3,339
  • Sep 2, 2010 12:24am Sep 2, 2010 12:24am
Quoting Sonofsin5
CAT and NOV are stock symbols on the NYSE. They were options malcomb and myself were trading.

Thanks
  • #3,340
  • Sep 2, 2010 12:39am Sep 2, 2010 12:39am
Thanks Malcolm

Here is another chart of eu H4
Two selling bars according to my analysis
Does b bar show another sinal of weakness but hull is still green
rsx is red is in 70 areas going down.

should we wait for another weakness

If there is an other buying climax in London i will enter short.
Correct?
Attached Image
8 traders viewing now