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vsa with Malcolm

  • #3,341
  • Sep 2, 2010 12:53am Sep 2, 2010 12:53am
Quoting wajid
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?
agree , but want to see further weakness . ie another up move attempt sold into to confirm the weakness.
Blogging daily now at www.volume.zone
  • #3,342
  • Sep 2, 2010 1:27am Sep 2, 2010 1:27am
Quoting malcolmb14
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

Attachment

still in added at shake out to 5400 ....

stopping vol on 30 forming , for sure on 15 , now if we get lv test would be confirmation

Attached Image (click to enlarge)
Click to Enlarge Name: chart2807.png Size: 168 KB
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  • #3,343
  • Sep 2, 2010 1:34am Sep 2, 2010 1:34am
EU 30min shows buying climax.

Quoting malcolmb14
agree , but want to see further weakness . ie another up move attempt sold into to confirm the weakness.
  • #3,344
  • Sep 2, 2010 1:38am Sep 2, 2010 1:38am
Quoting nikim
EU 30min shows buying climax.
very strong base last few hours

watch for lv test 2800 .... this holds buy , target 2900
Blogging daily now at www.volume.zone
  • #3,345
  • Sep 2, 2010 1:47am Sep 2, 2010 1:47am
Quoting malcolmb14
very strong base last few hours

watch for lv test 2800 .... this holds buy , target 2900

eu back ground strength or weakness ? 200 pip move up with a not even 38 % reatrce .... should you be looking for longs or sells at this point ?

here is how the day has played out.

look for any lv tests of 1,2800 to 1.2780 area

sono and i are on same page on this and he is good at vsa , not looking for any sells till we see any sign weakness other than high volume at outer limits of days range ( in fact eu went way out of days range yesterday by 70 pip)

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Click to Enlarge Name: chart2808.png Size: 242 KB
Blogging daily now at www.volume.zone
  • #3,346
  • Sep 2, 2010 1:50am Sep 2, 2010 1:50am
imho, buying climax should be seen at new high top. I should regard it as effort to rise.
cheers,

Quoting nikim
EU 30min shows buying climax.
  • #3,347
  • Sep 2, 2010 1:57am Sep 2, 2010 1:57am
Any thoughts on shorting EURO/GBP

Attached Image (click to enlarge)
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Mind over matter..I don't mind and you don't matter.
  • #3,348
  • Sep 2, 2010 2:08am Sep 2, 2010 2:08am
There was a ND on EU 15min.

Quoting malcolmb14
eu back ground strength or weakness ? 200 pip move up with a not even 38 % reatrce .... should you be looking for longs or sells at this point ?

here is how the day has played out.

look for any lv tests of 1,2800 to 1.2780 area

sono and i are on same page on this and he is good at vsa , not looking for any sells till we see any sign weakness other than high volume at outer limits of days range ( in fact eu went way out of days range yesterday by 70 pip)

Attachment
  • #3,349
  • Sep 2, 2010 2:08am Sep 2, 2010 2:08am
Quoting JuliusCeasar
Any thoughts on shorting EURO/GBP

Attachment
i want to sell it for a swing but higher up if I can get it , watching daily futures closely , not sure what today was all about. I do not buy it and would love to see no demands all over the place on the stock market tomorrow

for now 1.2770 to 1.2820 range eu
Blogging daily now at www.volume.zone
  • #3,350
  • Sep 2, 2010 2:10am Sep 2, 2010 2:10am
Quoting malcolmb14
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

Attachment

Hi Malcolm,

From your chart, as I don't have M10, saw M15 instead.
GU M15 Hull turn Green, and GU H1 Hull turn Red at that bar.

So does H1 Hull Red mean should Not go Long ?


Below comment could be due to repaint.
This is of course looking at H1 Now that H1 Hull is Red at that time, perhaps when you entered, H1 Hull was Green instead at that time??


Cheers,
FB.
  • #3,351
  • Sep 2, 2010 2:21am Sep 2, 2010 2:21am
Malc, thanks for your very helpful EU analysis.

EU HMA21 on H1 is now green. the effort to rise that polomine pointed out was sold into pretty heavily, so i'm confused, but have a long bias
  • #3,352
  • Sep 2, 2010 2:22am Sep 2, 2010 2:22am
Quoting malcolmb14
i want to sell it for a swing but higher up if I can get it , watching daily futures closely , not sure what today was all about. I do not buy it and would love to see no demands all over the place on the stock market tomorrow

for now 1.2770 to 1.2820 range eu
Mind over matter..I don't mind and you don't matter.
  • #3,353
  • Sep 2, 2010 2:24am Sep 2, 2010 2:24am
GU double bottom on 15min at 1.5393

Eu down bar on high volume very high as compared to previous day.

Strength.
what if next bar is nd?
  • #3,354
  • Sep 2, 2010 2:25am Sep 2, 2010 2:25am
30 min hulls red mean caution on longs as i am finding lol....

there is double bottom stopping volume on 30 but market may ignore this and take her lower stopping me out

Quoting foxybunny
Hi Malcolm,

From your chart, as I don't have M10, saw M15 instead.
GU M15 Hull turn Green, and GU H1 Hull turn Red at that bar.

So does H1 Hull Red mean should Not go Long ?


Below comment could be due to repaint.
This is of course looking at H1 Now that H1 Hull is Red at that time, perhaps when you entered, H1 Hull was Green instead at that time??


Cheers,
FB.
Blogging daily now at www.volume.zone
  • #3,355
  • Sep 2, 2010 2:33am Sep 2, 2010 2:33am
Quoting malcolmb14
eu back ground strength or weakness ? 200 pip move up with a not even 38 % reatrce .... should you be looking for longs or sells at this point ?

here is how the day has played out.

look for any lv tests of 1,2800 to 1.2780 area

sono and i are on same page on this and he is good at vsa , not looking for any sells till we see any sign weakness other than high volume at outer limits of days range ( in fact eu went way out of days range yesterday by 70 pip)

Attachment

Hi Malcolm,

I am evaluating that EUR/USD background is showing Strength.
I should be looking for Longs.

Basing on last 3 days moves, Mon price down, Tue price up, Wed price up.
The Mon overall volume for price down is less than overall volume for price up of Tue & Wed. This is just based on eyeball look on Vol for last 3 days.
So this is why I would say Strength.

EUR/USD may drop first today maybe to 1.2720 if break below 1.2780, then move up, that is if there is real strength in background.

Is this eyeball look on Vol a good way to evaluate the strength or weakness in Background ??

Or is this a wrong way of analysing as almost by default volume on Mon would be low in general, especially since UK was on Mon holiday ??

Cheers,
FB.
  • #3,356
  • Edited 3:01am Sep 2, 2010 2:42am | Edited 3:01am
If we won't see a miracle in 20 mins. the 1H EU chart is showing a clear reversal to all the buying. So far the price is dancing around the same resistance, so we'll see how it goes.

Damn, the 1H bar closed exactly in the middle
  • #3,357
  • Sep 2, 2010 3:00am Sep 2, 2010 3:00am
i have been working on & have had some success at times with the VSA mindset. i have def been converted and eyes opened but it does encourage more confusion than ever.

i'd say i have a "decent" grasp of vsa but i have a psychological problem with it because it encourages contrary thinking by its nature & thus also confusion. it encourages too much thinking in the first place. perhaps it will become more second nature. i guess it has to a large extent already.

but instead of getting clearer about entries it still sends my head into a spin guessing whether i'm seeing buying or selling on this or that upbar or downbar...UHV followed by even more UHV and then what?

of course clear, tiny-volume ND bars, especially when the mkt is genrous enuf to offer a couple of them in a row, are always reliable (this is one example of how vsa does make your life easier)

especially these last couple of weeks...so many signals seem to be contradictory on different TFs. i'm just confused and disillusioned lately and my calls are just terrible. this, after a strong period of success using VSA with RSI & fibs. perhaps it's just august in forexland.


what works are ultra-clear M5 or M15 VSA signals when price is at a previous top or bottom, & get out within 20pips. but this EU and GU reverse-shakeout whatever crap tonight is happening a lot lately and i'm getting lost even finding an entry.

not trying to be a bringdown, just encourage discussion. best to all...
  • #3,358
  • Sep 2, 2010 3:12am Sep 2, 2010 3:12am
Quoting djarum11
.


but instead of getting clearer about entries it still sends my head into a spin guessing whether i'm seeing buying or selling on this or that upbar or downbar...UHV followed by even more UHV and then what?

...
from a vsa newbie.......
find out the post of hidden gap,i think there is a pdf of all his post,it is the simplest powerful explanation,download the hidden gap volume indicator and read it and try. i got what i wanted thanks to this great thread,thans to malc. now i dont visit here since more reading from different traders makes me more confused,also there is a indicator which show the vsa bars,download it.................that is it...................just flow with the volume bar...........
  • #3,359
  • Sep 2, 2010 3:15am Sep 2, 2010 3:15am
Cable on the 30m looks very tastey.. Where are you 1h hulls and ND??
  • #3,360
  • Sep 2, 2010 3:21am Sep 2, 2010 3:21am
i agree i am thankful for malc et al. and this thread (and shamus' thread) and i've been doing what you're saying for months now, definitely with some success. but lately i can't make heads or tails of my entries because of contradictory signals in different TFs throwing me off, shakeouts taking me out, etc.

i may have to limit the number of TFs i'm looking at, and the number of trades i take on less-than-clear signals. waiting for only the best signals is the hardest part.

cheers


Quoting manojsai
from a vsa newbie.......
find out the post of hidden gap,i think there is a pdf of all his post,it is the simplest powerful explanation,download the hidden gap volume indicator and read it and try. i got what i wanted thanks to this great thread,thans to malc. now i dont visit here since more reading from different traders makes me more confused,also there is a indicator which show the vsa bars,download it.................that is it...................just flow with the volume bar...........
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