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vsa with Malcolm

  • #3,381
  • Sep 2, 2010 7:53am Sep 2, 2010 7:53am
high vol up bar top is near to previous top (yesterday)
looking 4 sell setup
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  • #3,382
  • Sep 2, 2010 8:01am Sep 2, 2010 8:01am
USDCAD back to my track
"Buy on fear, sell on greed !!!
  • #3,383
  • Sep 2, 2010 8:03am Sep 2, 2010 8:03am
Quoting Petar_Serbia
As i said very good setup
Huh 100 pips on cable since i posted yesterday now we test low TL



We will see >
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"Buy on fear, sell on greed !!!
  • #3,384
  • Sep 2, 2010 8:46am Sep 2, 2010 8:46am
http://www.informedtrades.com/attach...-himself-b-jpg

http://www.informedtrades.com/attach...an-himself-jpg
  • #3,385
  • Sep 2, 2010 9:06am Sep 2, 2010 9:06am
Pending home sales
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  • #3,386
  • Sep 2, 2010 9:41am Sep 2, 2010 9:41am
H1 gu long setup. buying at dips. 1.5355 support.
  • #3,387
  • Sep 2, 2010 9:41am Sep 2, 2010 9:41am
Hi guys,

As I promise, I will do optimaztion on my indicators, bar bundles and vol bundles. Now, I'm pleased to release them on this thread. Hope you guys like them and find them useful.

This week, I have posted several charts and found they are of help in extending MT4's timeframe option, for example, you can drag them on M1 chart and get M3 chart, provided the parameter NumberOfBarsInOneBundle = 3. Moreover, they can help to look price action and volume from a different angle, for example, you can have non-standard M15 chart, which starts 00:05, 00:20, 00:35, 00:50, 01:05, etc...

Parameters need to be explained:
StartBarIndex = 2; --Bundle begins from bar2
DynamicBundle = false; --when true, means re-bundling the bars as time goes on.
ComparePrevBundleClose = true; --means VSA style Up/Down bar, that is current bar's close > last bar's close, we get up bar.

To get good quality chart, you should set the chart properties properly, using bar charts and setting Bar Up, Bar Down and Line Bar color "NONE", backgound "LightGray".

Looking forwards to hearing from your feedbacks.

Cheers
polomine
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Attached File(s)
File Type: ex4 iPolo - BarBundles v1.1.ex4   13 KB | 455 downloads
File Type: ex4 iPolo - VolumeBundles v1.1.ex4   11 KB | 429 downloads
  • #3,388
  • Sep 2, 2010 9:42am Sep 2, 2010 9:42am
Make up your mind EUR
  • #3,389
  • Edited 10:17am Sep 2, 2010 10:17am | Edited 10:17am
Quoting Sonofsin5
Make up your mind EUR

not sure if we'll get a move today

T
  • #3,390
  • Sep 2, 2010 10:17am Sep 2, 2010 10:17am
thanks comapip, you are helping to remind me what it took me a long time to learn- look at higher TFs and then trade them from a lower TF (for precision).

i've definitely been overtrading (# of entries taken) without rock solid clear signals. a string of losses can erode your confidence. keeping TPs very conservative (vs. trying to pyramid) by sticking to the lower TFs during the trade is also helpful for me to stay in the black.

big thanks for the chart examples & reasoning on this thread, it's really helping me get over the hump. best trading to you all


Quoting comapip
Looking at today, it was pretty clear. Just look at the thicker red line and the marked down candle. Support held perfectly. Plus, the down candle closed in the middle, clearly showing there was still buying interest (demand). That would be enough for me to go long.

Yes, there are times when stuff isn't clear, with many contrarian signals. My suggestion would be to take a break and then look at higher TFs before digging deeper. Look at any resistance/support areas and see how price is reacting to them.

Also, news like NFP or today's ECB conference...
  • #3,391
  • Sep 2, 2010 10:29am Sep 2, 2010 10:29am
Hey thanks you guys.

Looks like the $ is rocking the boat a bit. Generally a good time to got to M5 charts and micro trade for a while.

EDIT:- or of course you can trade non $ pairs!!!
  • #3,392
  • Sep 2, 2010 10:32am Sep 2, 2010 10:32am
do not get discouraged .. markets have been complete crap to be honest ... and if anyone is making money they should be happy .

I seem to have my win loss ratio down to 50 % right now , which is unusual for me

hit usdcad last night for a few
hit eurusd last night in asia currently +28
and as for gu .... wtf is this ? basing ? that 1st stopping volume should have been enough to take it back up on a 30 min , stopped out on both entries last night , but in again 1.5370 with 30 pip stop this morning

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Quoting djarum11
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...
Blogging daily now at www.volume.zone
  • #3,393
  • Sep 2, 2010 10:48am Sep 2, 2010 10:48am
Quoting malcolmb14
do not get discouraged .. markets have been complete crap to be honest ... and if anyone is making money they should be happy .

I seem to have my win loss ratio down to 50 % right now , which is unusual for me

hit usdcad last night for a few
hit eurusd last night in asia currently +28
and as for gu .... wtf is this ? basing ? that 1st stopping volume should have been enough to take it back up on a 30 min , stopped out on both entries last night , but in again 1.5370 with 30 pip stop this morning

Attachment
From your chart We are seeing wide spreads and a lot of narrow ranges on reasonable volumes without ADR moving much. This is indicative of a preparation to fall. However, the $ is getting knocked about a bit now so it could just be that.
  • #3,394
  • Sep 2, 2010 10:50am Sep 2, 2010 10:50am
Mal:

How many POCs do you keep in the chart for SR analysis?

When do you consider a POC is not useful any more (price penetrates it, or price find support/resistance in it, etc)

thanks
  • #3,395
  • Sep 2, 2010 10:58am Sep 2, 2010 10:58am
Quoting malcolmb14
do not get discouraged .. markets have been complete crap to be honest ... and if anyone is making money they should be happy .

I seem to have my win loss ratio down to 50 % right now , which is unusual for me

hit usdcad last night for a few
hit eurusd last night in asia currently +28
and as for gu .... wtf is this ? basing ? that 1st stopping volume should have been enough to take it back up on a 30 min , stopped out on both entries last night , but in again 1.5370 with 30 pip stop this morning

Attachment
Hello to everybody!.

Sorry to say this but:

In my opinion, the more we talk about VSA the more we make it unusable. If Smart Money and their 'ears' knows that we are trading in a specified way, they will try to protect their trading by confusing us.

By the way Malc, great thread anyway.
  • #3,396
  • Sep 2, 2010 11:17am Sep 2, 2010 11:17am
was stopped out on same GU last night. this market... does it have something to do with august being a big holiday month for pros (for both europe & US) ? if so does less pro volume necessarily mean that VSA signals will be more unreliable? i wonder how was last december for you guys...


i agree that you have to be careful with H4 charts, a bar often spans across different trading sessions for one thing. also the lower the volume the more difficult to read vsa

example the 16:00 EST candle (usually lowest vol of the day) which encompasses the NY afternoon session is not a very reliable indicator, but the next 20:00EST candle, once Asia picks up, seems to give good signal

to me slow times seem to mean more confusion thus quicker in & out trading is req'd.




Quoting malcolmb14
do not get discouraged .. markets have been complete crap to be honest ... and if anyone is making money they should be happy .

I seem to have my win loss ratio down to 50 % right now , which is unusual for me

hit usdcad last night for a few
hit eurusd last night in asia currently +28
and as for gu .... wtf is this ? basing ? that 1st stopping volume should have been enough to take it back up on a 30 min , stopped out on both entries last night , but in again 1.5370 with 30 pip stop this morning

Attachment
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  • #3,397
  • Sep 2, 2010 11:22am Sep 2, 2010 11:22am
Quoting FXing
If Smart Money and their 'ears' knows that we are trading in a specified way, they will try to protect their trading by confusing us.
Do they give a shit about us?

VSA is about following SM through volume that they can't hide, we enter after they have.
  • #3,398
  • Sep 2, 2010 11:24am Sep 2, 2010 11:24am
Quoting FXing
Hello to everybody!.

Sorry to say this but:

In my opinion, the more we talk about VSA the more we make it unusable. If Smart Money and their 'ears' knows that we are trading in a specified way, they will try to protect their trading by confusing us.

By the way Malc, great thread anyway.
Edit to just my laughing loud.
Reserved
  • #3,399
  • Sep 2, 2010 12:53pm Sep 2, 2010 12:53pm
slow day, prepare for a big move on NFP
  • #3,400
  • Sep 2, 2010 1:25pm Sep 2, 2010 1:25pm
Quoting Sonofsin5
slow day, prepare for a big move on NFP

wow ....

1.5 hrs left of market

dxd .. low vol test ... inverse h and s on daily , could be large down move tomorrow

bought some oct 27 calls for 1.6 today ,

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