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vsa with Malcolm

  • #3,641
  • Sep 9, 2010 10:36pm Sep 9, 2010 10:36pm
Actually for Early trade followers who entered early under 1.3720 can now book some profit around 1.3740+ level or move to BE + 2 pips and enjoy free trade
  • #3,642
  • Edited 4:01am Sep 10, 2010 3:18am | Edited 4:01am
Quoting malcolmb14
check out my gu post earlier on same set up ... was much clearer on esignal vol

Malcolm, as you're constantly monitoring futures do you also watch open interest (eg. on Daily) or you do not consider it an important factor?

See attached charts, it seems it might reinforce the facts what we see in VSA?
Pity I can't see changes on 15 or 30M

***Edit: OI drop on 6E was US bank holiday?***
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6A-OI-10-09-10.jpg Size: 860 KB
Click to Enlarge Name: 6E-OI-10-09-10.jpg Size: 738 KB
  • #3,643
  • Sep 10, 2010 6:22am Sep 10, 2010 6:22am
Can someone make analysis on EUR/USD M5 at the present?

Rgds
  • #3,644
  • Sep 10, 2010 6:23am Sep 10, 2010 6:23am
This really feels like a valid gj setup, but i just cant spot a proper entry.

Its got the dobble top going, at good resistance. 10m hma has turned red.

Just went live again a couple of days ago could just be the battle im fighting within myself...

If you guys could comment.

http://i865.photobucket.com/albums/a...te146/gj-1.jpg
  • #3,645
  • Sep 10, 2010 6:30am Sep 10, 2010 6:30am
This is a textbook example VSA setup.
I like what I saw today morning, so I didn't hesitate and pressed buy.
The images speak for themselves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU-buy-10-09-10-a.jpg Size: 361 KB
Click to Enlarge Name: GU-buy-10-09-10-b.jpg Size: 721 KB
  • #3,646
  • Sep 10, 2010 8:10am Sep 10, 2010 8:10am
Hello everybody!

Will you help me with bar 1?

At first I saw price go up on low vol, then bar 1 appeared and I decided that market not ready to go down yet. It is inside bar and it's confusing me.

Thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: gu 100910.gif Size: 22 KB
  • #3,647
  • Sep 10, 2010 8:26am Sep 10, 2010 8:26am
V_2008

You have top reversal on the left, and TW keeps saying: Market does not like high volume up bars (only when go trough supply it is okey). So now you have high volume up bar, trying to go trough supply, and could not do that, small retracement and ND and down it goes. I dont know what to say about bar 1.
  • #3,648
  • Sep 10, 2010 8:27am Sep 10, 2010 8:27am
yes these are confusing bars, looks like NS no supply but i've come to think of these as a 'pause' in the market.. mkt was still moving down but taking its time. this action is in the shadow of the latest failed upmove (6 bars before your '1' candle, and the 3 advancing soldiers after that). to me those candle patters are stronger than a simple NS. but definitely could cause me to exit the trade prematurely, thinking there might just be no sellers.



Quoting V_2008
Hello everybody!

Will you help me with bar 1?

At first I saw price go up on low vol, then bar 1 appeared and I decided that market not ready to go down yet. It is inside bar and it's confusing me.

Thank you!
  • #3,649
  • Sep 10, 2010 8:44am Sep 10, 2010 8:44am
My 4th VSA Trade (Live).

Executed Order.
EUR/USD - Long
Date: 9-Sep-10
Time: FxPro 12:15
Entry: 1.2729
SL: 1.2679 (-50 pips)
TP: 1.2779 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull is Green on H1 and M15.
One Wide Up bar that crosses up.
Then 2 Price Down and Volume Lower showing Strength.
Buy on break of High of Price Down Bar.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line.

I will inform of exit result no matter it is profit or loss.

Final Result.
The above order hit SL: 1.2679 (-50 pips).

** Please comment on analysis.

Please comment on Why Not to Enter ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-09_VSA_Exit4_EURUSD_M15_Long.png Size: 62 KB
  • #3,650
  • Sep 10, 2010 8:45am Sep 10, 2010 8:45am
V_2008

Take a look H1. Very clear.
  • #3,651
  • Sep 10, 2010 8:49am Sep 10, 2010 8:49am
I took eujrpy another sell position i will go for 50 pips,still hold cable sell we will see...

Cheers

Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyagaon.gif Size: 20 KB
Click to Enlarge Name: cableupdate.gif Size: 20 KB
"Buy on fear, sell on greed !!!
  • #3,652
  • Sep 10, 2010 8:52am Sep 10, 2010 8:52am
My 5th VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 9-Sep-10
Time: FxPro 12:00
Entry: 1.5385
SL: 1.5435 (-50 pips)
TP: 1.5335 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull Red on H1 and M15.
One Wide Down bar.
Then 2 Price Up and Volume Lower showing Weakness.
Sell on break Low of Price Up Bar.
ACTUAL Entry was quite late, about 3hr after Signal bar.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line.

I will inform of exit result no matter it is profit or loss.

Final Result.
The above order hit SL: 1.5435 (-50 pips).

** Please comment on analysis.

Please comment on Why Not to Enter ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-09_VSA_Exit5_GBPUSD_M15_Short.png Size: 60 KB
  • #3,653
  • Sep 10, 2010 8:54am Sep 10, 2010 8:54am
Quoting V_2008
Hello everybody!

Will you help me with bar 1?

At first I saw price go up on low vol, then bar 1 appeared and I decided that market not ready to go down yet. It is inside bar and it's confusing me.

Thank you!
question .....

what do you see in the background on that top ?
Blogging daily now at www.volume.zone
  • #3,654
  • Sep 10, 2010 8:58am Sep 10, 2010 8:58am
Quoting foxybunny
My 5th VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 9-Sep-10
Time: FxPro 12:00
Entry: 1.5385
SL: 1.5435 (-50 pips)
TP: 1.5335 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull Red on H1 and M15.
One Wide Down bar.
Then 2 Price Up and Volume Lower showing Weakness.
Sell on break Low of Price Up Bar.
ACTUAL Entry was quite late, about 3hr after Signal bar.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal...
Hello forexbuny,

I will tell you from my veiw,for me first entry is good second isnt good entry...On first you let you wiiner go go on looser trade and that is very bad,you got about 43 pips you must put SL at BE or take profit...I dont know why you use 50 SL 50 TP? ON second example you take very early your entry,you can see price didnt broke previuse low and that is for me bad entry..

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #3,655
  • Sep 10, 2010 8:59am Sep 10, 2010 8:59am
My 6th VSA Trade (Live).

Executed Order.
USD/CHF - Short
Date: 9-Sep-10
Time: FxPro 15:45
Entry: 1.0107
SL: 1.0147 (-40 pips)
TP: 1.0067 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Hull Red on H1 and M15.
One Wide Down bar.
Then 2 Price Up and Volume Lower showing Weakness.
Sell on break Low of Price Up Bar.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line.

I will inform of exit result no matter it is profit or loss.

Final Result.
The above order hit 1.0147 (-40 pips).

** Please comment on analysis.

Please comment on Why Not to Enter ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-09_VSA_Exit6_USDCHF_M15_Short.png Size: 60 KB
  • #3,656
  • Sep 10, 2010 9:03am Sep 10, 2010 9:03am
Quote
Hello everybody!

Will you help me with bar 1?

At first I saw price go up on low vol, then bar 1 appeared and I decided that market not ready to go down yet. It is inside bar and it's confusing me.

Thank you!

Bar 1 is a down bar on low volume, it may show no supply BUT Tom Williams says after distribution occured the market can go down on low volume, it doesn't mean it's not ready to go down.
  • #3,657
  • Sep 10, 2010 9:04am Sep 10, 2010 9:04am
Just one more update one EURUSD >

I still have short and dont see any reason to close this trade >


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: selleurusd.gif Size: 17 KB
"Buy on fear, sell on greed !!!
  • #3,658
  • Sep 10, 2010 9:16am Sep 10, 2010 9:16am
hi Petar! i enjoy your analysis keep it up and thanks for sharing
  • #3,659
  • Sep 10, 2010 9:20am Sep 10, 2010 9:20am
Quoting malcolmb14
question .....

what do you see in the background on that top ?
You want to say that there are more signs of weakness then strength? And this bar with low volume will not influence to much?! Is this right?
  • #3,660
  • Sep 10, 2010 9:26am Sep 10, 2010 9:26am
Quoting Jasus
Bar 1 is a down bar on low volume, it may show no supply BUT Tom Williams says after distribution occured the market can go down on low volume, it doesn't mean it's not ready to go down.
As I remember, Tom said that we can see low vol bars after price left accumulationdistribution phase. In my case bar was an inside bar and we can't tell that distribution phase completed.
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