vsa with Malcolm | Page 176 | 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

  • #3,501
  • Sep 7, 2010 9:08am Sep 7, 2010 9:08am
Game plan coming into NY:

Because the trend is down, we're looking to sell rallies.

Look for supply to overcome demand at the end of a rally.

Hull turns red, then look for No Demand bar, enter at break.

The market has been dropping so far/fast for so long, I didn't want to get greedy and look for tons of pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sept7.jpg Size: 130 KB
Click to Enlarge Name: sept7b.jpg Size: 117 KB
  • #3,502
  • Sep 7, 2010 9:22am Sep 7, 2010 9:22am
Here is my take. GJ was easier to trade today nice nd all over the place

http://i865.photobucket.com/albums/ab220/Pete146/gu.jpg
  • #3,503
  • Sep 7, 2010 9:26am Sep 7, 2010 9:26am
Quoting tonirai
(...)
So far it's not a great day... currently in a GU short, after low volume reaction to this last leg down -> short @ 1.5321, 20 pips SL, targetting 1.5260.
But if this one gets stopped, I call it a day... there's always tomorrow.

Been 1 pip away from getting stopped... so now that I'm +20 pips, it's time to move SL to BE.
From now, I will monitor PA, because my target might be too far away, given the daily range already well extended.

Why don't I take the +20 now and run?
Well, psychological reasons... since I've lost 35 pips today, I'm wishing to offset that and clean the day.
Probably wishful thinking... that will cost me!
  • #3,504
  • Sep 7, 2010 10:11am Sep 7, 2010 10:11am
GU M5

In retrospect, I didn't trade today.....playing golf

Since the first entry didn't get activated, entry would have been at the 2nd point. 55 pips on offer.
Attached Image (click to enlarge)
Click to Enlarge Name: 102.png Size: 212 KB
  • #3,505
  • Sep 7, 2010 10:16am Sep 7, 2010 10:16am
Quoting Petar_Serbia
Hello guys i just woke up,

This is my update :

EURJPY finished +110 pips and EURUSD is current +85 pips (SL be) wait lower TL to test,also AUDUSD +40
AS i said we test now lower TL this is according my plan...

Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: update.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #3,506
  • Sep 7, 2010 10:47am Sep 7, 2010 10:47am
GU M5

Update
Attached Image (click to enlarge)
Click to Enlarge Name: 103.png Size: 207 KB
  • #3,507
  • Sep 7, 2010 11:09am Sep 7, 2010 11:09am
Quoting Intel
GU M5

Update
Thanks Intel one question

In your chart u mentioned on down bar on volune that polar bear in hawai

why it is polar bear in hawai. in few bar back there is high vol down bar.

so why this bar is not supply test

Regards
  • #3,508
  • Sep 7, 2010 11:19am Sep 7, 2010 11:19am
Quoting wajid
Thanks Intel one question

In your chart u mentioned on down bar on volune that polar bear in hawai

why it is polar bear in hawai. in few bar back there is high vol down bar.

so why this bar is not supply test

Regards
Thanks for that, I have forgotten to put something in the chart.

The wide spread down bar on very high volume closes near the low. It is part of a sharp mark down through the support area. Sometimes this is enough to let price go down further and sometimes, there will be enough buyers about to stall price a little.

All in all, it doesn't represent much strength.

Sorry for the confusion.
  • #3,509
  • Sep 7, 2010 11:22am Sep 7, 2010 11:22am
Quoting wajid
Thanks Intel one question

In your chart u mentioned on down bar on volune that polar bear in hawai

why it is polar bear in hawai. in few bar back there is high vol down bar.

so why this bar is not supply test

Regards
Also, the NS you mentioned is not a test anyway it is a NS. A test will make a lower low than the previous few bars, this does not. You can use a NS instead of a test when looking for conformation in an up move.
  • #3,510
  • Sep 7, 2010 11:25am Sep 7, 2010 11:25am
AU M15
Attached Image (click to enlarge)
Click to Enlarge Name: 104.png Size: 163 KB
  • #3,511
  • Sep 7, 2010 11:34am Sep 7, 2010 11:34am
Quoting Intel
AU M15
nice chart,

Don't think u need wyckoff bar-by-bar textbook anymore... u are the book.
  • #3,512
  • Sep 7, 2010 11:41am Sep 7, 2010 11:41am
Quoting lascavel
nice chart,

Don't think u need wyckoff bar-by-bar textbook anymore... u are the book.
Many thanks Las. Tho things are much easier in retrospect.

UJ M5
Attached Image (click to enlarge)
Click to Enlarge Name: 105.png Size: 148 KB
  • #3,513
  • Sep 7, 2010 11:44am Sep 7, 2010 11:44am
Quoting Intel
Also, the NS you mentioned is not a test anyway it is a NS. A test will make a lower low than the previous few bars, this does not. You can use a NS instead of a test when looking for conformation in an up move.
Thanks intel for your quick reply.

Now every thing is clear for me.
Thanks
  • #3,514
  • Sep 7, 2010 11:47am Sep 7, 2010 11:47am
Quoting lascavel
nice chart,

Don't think u need wyckoff bar-by-bar textbook anymore... u are the book.
Just wanted to post a few charts cos some of the guys said they found it difficult today. I wanted to point out a few things to look for while the charts are unfolding.

Of course it would help if they posted their failed trades so we can all learn from their mistakes
  • #3,515
  • Sep 7, 2010 12:38pm Sep 7, 2010 12:38pm
Hi Intel, can you show some examples of adding-up positions, with the stop levels and possibly the amount too?
  • #3,516
  • Sep 7, 2010 1:16pm Sep 7, 2010 1:16pm
Quoting Jasus
Hi Intel, can you show some examples of adding-up positions, with the stop levels and possibly the amount too?
What you're asking is quite difficult to show because only you can determin what amount you will add to the trade and this could determine how much risk you will accept(SL setting).

In the chart below, find the 2nd chance entry up bar. I would be adding on the break of the low of this bar. My SL might be set at the high of the 4th bar previous to that up bar. After the 1st bar to the right (actually my entry bar) closes I might reset the SL to the high of the 3rd bar to the left of the up bar. Once the 2nd bar to the right closes I would move to BE.

But all of this will change according to the price action and volumes around the setups and if I'm honest, the mood I'm in at the time. You see, unlike the initial setups which VSA tells you where to put your SL, there is often no indication of where the ideal place might be with an add on.

The only thing I'd recommend is to get to BE at as early a price as possible without compromising the integrity of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 88.png Size: 181 KB
  • #3,517
  • Sep 7, 2010 1:56pm Sep 7, 2010 1:56pm
i have interbank fx and my volume is different. Brokers usually dont give the same volume on demo acccounts... Ive had that problem. Ive had real trading and demo accounts in the same broker, and it can be very different, so be carefull.
Icy trader = cold hearted trades. no emotion whatsoever. Below zero.
  • #3,518
  • Sep 7, 2010 5:22pm Sep 7, 2010 5:22pm
Quoting comapip
Bad day for me. -40 pips. Looks like sellers are winning in London session. How's everyone else doing?

eu stopped me out....

played gu toiday nicely , woke up to a no demand bar , sold for completion of 120 pip days range , 30 pip in bag

then long off 120 pip days range on a double bottom , 1st bototm stopping vol , 2nd shows buyers , closed her up for 70 pip , then took a quick sell under the high volume pivot for next session down move

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 171 KB
Blogging daily now at www.volume.zone
  • #3,519
  • Sep 7, 2010 5:48pm Sep 7, 2010 5:48pm
i think this book was mentioned recently? it deserves another...

The Ultimate Trading Guide, by John Hill et al.

already it is filling the gaps of some things i was left unclear on after T Williams & Wyckoff -- accumulation & distribution phases especially. the style is very clear, concise and to the point, definitely complementary to Wms. & Wyck.

if i am learning this right, distribution is currently playing out on G/J
see attached

good trading all
Attached Image (click to enlarge)
Click to Enlarge Name: gj distro.PNG Size: 37 KB
  • #3,520
  • Sep 7, 2010 7:29pm Sep 7, 2010 7:29pm
Hello guys i took just one position this Asia session that is EURJPY buy i will go for 40 pips becouse i dont expext much from EUR..I expext EURJPY to retrace from TL and to back down...

Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpynow.gif Size: 17 KB
"Buy on fear, sell on greed !!!
34 traders viewing now