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vsa with Malcolm

  • #3,761
  • Sep 13, 2010 5:48am Sep 13, 2010 5:48am
Quoting foxybunny
My 8th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 10-Sep-10 (Fri late US session)
Time: FxPro 20:30
Entry: 1.2715
SL: 1.2745 (-30 pips)
TP: 1.2665 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness, Upthrust, NoDemand.
Wait for break of minor support 1.2718.
Sell on Low of Price Up Bar.
Hull Red on M15. Hull Green on H1 and M30.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line)....
Hello foxy again i dont undestand how you base your TP for 50 pips ? Also i dont undestand why you dont protect your SL if you see profit ?

Petar
"Buy on fear, sell on greed !!!
  • #3,762
  • Sep 13, 2010 6:02am Sep 13, 2010 6:02am
Quoting Petar_Serbia
Hello foxy again i dont undestand how you base your TP for 50 pips ? Also i dont undestand why you dont protect your SL if you see profit ?

Petar
Hi Petar,

Really bed time by then straight after Entry.
I did not see the profit till next day(Saturday) mean market closed.

I see a recent low of 1.2643 on 10-Sep.
So for EUR/USD-Short, looking for a TP of 1.2665 (+50pips) seem reasonable.

I was not greedy going for like 1.2650 (+65pips).

How would you set a TP for this trade ??

Cheers,
FB.
  • #3,763
  • Sep 13, 2010 6:10am Sep 13, 2010 6:10am
Quoting foxybunny
Hi Petar,

Really bed time by then straight after Entry.
I did not see the profit till next day(Saturday) mean market closed.

I see a recent low of 1.2643 on 10-Sep.
So for EUR/USD-Short, looking for a TP of 1.2665 (+50pips) seem reasonable.

I was not greedy going for like 1.2650 (+65pips).

How would you set a TP for this trade ??

Cheers,
FB.
I saw many times when you entry you have solid profit and than you got SL.Look entry is important think but position controling is much important.In example you put SL 30 pips,my advice when you see 1:1 RRR put Sl on BE and wait 1:2, or 1:3 but never let trade opened.In your case you took good trade and you didnt control your trade that is very bad.Good entry,bad results you cant allow that.This is just my advice...

Petar
"Buy on fear, sell on greed !!!
  • #3,764
  • Sep 13, 2010 6:12am Sep 13, 2010 6:12am
Foxybunny

You asked the question "Please comment on Why Not to Enter ??"

You were correct to enter the trade.
There was a small trading range earlier about 10:45 - 12.12 and the upthrust you spotted was a reaction to this.
Your analysis was good.

Sadly, you managed the trade wrong.
You said price would go down and it did (well done) but then you failed to look after your trade.
As far as I have read, VSA does not tell or indicate how far a move will be.

When that large red down candle closed, your S/L should have been moved to B/E or into profit.

Keep finding those trades and stay at computer until trade closed.
  • #3,765
  • Sep 13, 2010 6:54am Sep 13, 2010 6:54am
Took sell on cable >

Buying climax on TL H! also confim from SUP-RES zone and on daly we have good SUP-RES zone retrace.You will see on daily Cable can go much down but that is larger term tp zone...


Cheers

Petar
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: longterm.gif Size: 19 KB
"Buy on fear, sell on greed !!!
  • #3,766
  • Sep 13, 2010 8:24am Sep 13, 2010 8:24am
Hi All friends,

Can anybody do me a favor? I cannot register the traderszone.com successfully due to its suspension of new member registration. So I can not access the url link of tradeguider's video materials. If you can, could you please PM me?

http://www.traderszone.com/video-vau...sterclass.html

I'm sorry, if someone think my request is not appropriate.

cheers,
polomine
  • #3,767
  • Sep 13, 2010 8:26am Sep 13, 2010 8:26am
Quoting Intel
Mal your eyes are a bit wonky, the first marked candle doesn't correspond to the first marked volume bar. It should be pointing to the low volume next to it. you need to go to bed
it is frustrating but futures charts you have to move all volume bars to the left by one.

so not wonky ...lol

it is the way that final futures daily numbers are not reported till us open the following day
Blogging daily now at www.volume.zone
  • #3,768
  • Sep 13, 2010 8:29am Sep 13, 2010 8:29am
Quoting Intel
Share with us why you went long so we can all learn please.
shake out stopping , stopping low vol test . The low vol test off 2800 good enough for entry

there are sellers 1.2850 are , that is resistance on daily


Attached Image (click to enlarge)
Click to Enlarge Name: chart2884.png Size: 183 KB
Blogging daily now at www.volume.zone
  • #3,769
  • Sep 13, 2010 8:35am Sep 13, 2010 8:35am
valid vsa set up for sure

reasons not to trade this one:

1) you took trade then late there off to bed you went
2) weekend trade and you are not able to manage it before us close for the week as you were sleeping. One thing i never do unless it is options is hold on a weekend..... anything can happen

If i had taken the same trade I would have closed last thing friday and taken profit , remember the market we are in is a channeling one... right now eu in 1.2800 to 1.2850 channel , with int the larger 1,2750 to 12900 channel

Quoting foxybunny
My 8th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 10-Sep-10 (Fri late US session)
Time: FxPro 20:30
Entry: 1.2715
SL: 1.2745 (-30 pips)
TP: 1.2665 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness, Upthrust, NoDemand.
Wait for break of minor support 1.2718.
Sell on Low of Price Up Bar.
Hull Red on M15. Hull Green on H1 and M30.

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

I will inform of...
Blogging daily now at www.volume.zone
  • #3,770
  • Sep 13, 2010 8:37am Sep 13, 2010 8:37am
Quoting HiddenGap
Let's take a look at those two candles.

First we do see in my chart that the both have volume less than the previous two candles. This is indeed low volume.

We have just established that it takes an increase of selling (volume) on any down-move(or bars), to force a market down. If this is not the case then the path of least resistance is up and we would expect that price will rise. As price always follows the path of least resistance.

But let's take a step back for a moment. The first candle closes lower on low volume which looks...

This is a VERY important post. It brings us to the topic of method of entry. Using limit orders has always proven to be a professional way to enter the market.
  • #3,771
  • Sep 13, 2010 8:42am Sep 13, 2010 8:42am
Quoting Petar_Serbia
Took sell on cable >

Buying climax on TL H! also confim from SUP-RES zone and on daly we have good SUP-RES zone retrace.You will see on daily Cable can go much down but that is larger term tp zone...


Cheers

Petar
do not ignore the stopping vol on 60 at 1,5400 ....

seems gu may be stuck in channel for now

this is one of the most frustrating market ever ..lol .... biggest moves happening in asia 1st day of week , then sideways in tight ranges
Blogging daily now at www.volume.zone
  • #3,772
  • Sep 13, 2010 8:53am Sep 13, 2010 8:53am
Quoting malcolmb14
do not ignore the stopping vol on 60 at 1,5400 ....

seems gu may be stuck in channel for now

this is one of the most frustrating market ever ..lol .... biggest moves happening in asia 1st day of week , then sideways in tight ranges
Yep but when i see this i must trade

Also malc tell me one thing,how DIJI can reflect on usd pairs ? I think we can see Dow Jones Higher,i said that before 4 days and we go to my target on DJI..
Attached Image (click to enlarge)
Click to Enlarge Name: dow.JPG Size: 199 KB
"Buy on fear, sell on greed !!!
  • #3,773
  • Sep 13, 2010 8:56am Sep 13, 2010 8:56am
hey Mal/Petar/HG/Intel and co. what are your views for AUD/JPY. Gap hasn't closed convincingly. The 1 hour also has some serious up thrusts. You think she'll fall. If so... how hard?
Attached Image (click to enlarge)
Click to Enlarge Name: short audjpy.jpg Size: 147 KB
  • #3,774
  • Sep 13, 2010 9:16am Sep 13, 2010 9:16am
Quoting malcolmb14
valid vsa set up for sure

reasons not to trade this one:

1) you took trade then late there off to bed you went
2) weekend trade and you are not able to manage it before us close for the week as you were sleeping. One thing i never do unless it is options is hold on a weekend..... anything can happen

If i had taken the same trade I would have closed last thing friday and taken profit , remember the market we are in is a channeling one... right now eu in 1.2800 to 1.2850 channel , with int the larger 1,2750 to 12900 channel

Hi Malcolm / Petar / Aspire,

Thanks, it is good to know VSA#8 was a valid setup.

Just that could not manage the trade well due to sleep and weekend trade.
This sleep part is harder to manage.

I can accept this as a valid loss with good entry.

Mal, thx for channel reminder.

Cheers,
FB.
  • #3,775
  • Sep 13, 2010 9:19am Sep 13, 2010 9:19am
Hanover made an indicator that shows the recent strength of currency pairs. That's on the left, and shows chf as being the strongest and gbp the weakest.

The pair broke under the low of the day and tested it with a no demand on the 5m, and I entered on the close of the ND and grabbed a quick 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: s13e.jpg Size: 159 KB
  • #3,776
  • Sep 13, 2010 9:51am Sep 13, 2010 9:51am
Very Strong support on GU at 5400. Buyers there all morning.
  • #3,777
  • Edited 10:25am Sep 13, 2010 10:24am | Edited 10:25am
Quoting Intel
Goto go now....playing golf soon

Check out GU H1 see if anything grabs you!!
Update.

Firstly please accept my appologies. When I said H1, I of course meant....M30

I set the trade before I left and hit TP at +40. Did anyone else see the setup?
Attached Image (click to enlarge)
Click to Enlarge Name: 113.png Size: 176 KB
  • #3,778
  • Sep 13, 2010 10:27am Sep 13, 2010 10:27am
Quoting Intel
Update.

Firstly please accept my appologies. When I said H1, I of course meant....M30

I set the trade before I left and hit TP at +40. Did anyone else see the setup?
Gorgeous trade dude, do you use a set SL of 20 or do you put it above the swing high (or both).

I appreciate the clearly marked chart thanks for sharing
  • #3,779
  • Sep 13, 2010 10:45am Sep 13, 2010 10:45am
Quoting Intel
Update.

Firstly please accept my appologies. When I said H1, I of course meant....M30

I set the trade before I left and hit TP at +40. Did anyone else see the setup?
I saw, but only afterwards, 7am is too early for me

GU is showing supply below the daily R1 now, but it's on a short-term uptrend (tl with 3 touches) and there's a test on 15m. If this test fails it could be an entry couldn't it? But then there's the validated trendline...

EDIT: By the time I wrote this it went up on low volume...
Attached Image (click to enlarge)
Click to Enlarge Name: gu15m.png Size: 61 KB
  • #3,780
  • Sep 13, 2010 10:48am Sep 13, 2010 10:48am
Quoting frankkn
Gorgeous trade dude, do you use a set SL of 20 or do you put it above the swing high (or both).

I appreciate the clearly marked chart thanks for sharing
If you have read the charts correctly and have a valid setup, the price will VERY RARELY break the high of the UT after the ND has been seen. Thus the safe place to set SL is just above the UT, no matter how close that may be. This time it was 30 pips. It is not normally that much. If you've read the charts correctly the SL point is of no consequence, it is merely a 'safety net' in case of power failures, disconnections or bad trade management. However please note, you should ALWAYS use a SL.
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