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vsa with Malcolm

  • #3,821
  • Sep 13, 2010 8:06pm Sep 13, 2010 8:06pm
Quoting Petar_Serbia
Of course i hold :

Two reasons :

First i always risk 1 % per trade never mind wich is amount of pips always is 1 %...

Second thing : My trade was based on very strong TL+High Volume also daily confirmation

Cheers
please point out these high volumes you keep talking about.... as you know i am a true vsa master and maybe able to help you better understand volume and how to read it

daily on futures suggest strong up move not down move
Blogging daily now at www.volume.zone
  • #3,822
  • Sep 13, 2010 8:14pm Sep 13, 2010 8:14pm
Hi Mal. Do you have an update on dxd. It hit the 50% loss but considering it being options expiry week is it worth the risk to hold into next week?
  • #3,823
  • Sep 13, 2010 8:20pm Sep 13, 2010 8:20pm
Quoting Sonofsin5
So you bought at 105.91 and sold at 108.15? Jeez I struggle for 30 pips a day.
?

I bought at 107.40 TP 106.80
"Buy on fear, sell on greed !!!
  • #3,824
  • Sep 13, 2010 8:24pm Sep 13, 2010 8:24pm
Quoting malcolmb14
please point out these high volumes you keep talking about.... as you know i am a true vsa master and maybe able to help you better understand volume and how to read it

daily on futures suggest strong up move not down move
When i say High i think on red Volume or you can call it buy climax,sell climax.I look for setup just if i see Stoping orUltra High volume,if i see that that is first part of my trading second is to check is there any strong TL and of course i always place my Sup-Res zone (Supply-Demand).That is all,all my trades are very simple and based on pure price action and as i said i use volume to identefy good fresh Swings...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #3,825
  • Sep 14, 2010 2:10am Sep 14, 2010 2:10am
Quoting malcolmb14
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
LOL

I didn't know that.....oh dear!
  • #3,826
  • Sep 14, 2010 2:23am Sep 14, 2010 2:23am
GU H1
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  • #3,827
  • Edited 2:42am Sep 14, 2010 2:24am | Edited 2:42am
Quoting Twiitch
the markets go through never ending cycles of accumulation of a buy or sell position then profit taking.
in general, ref. to Ney books. we as retail traders are trading against those that run the markets. often refered to as 'SMART MONEY, PROF traders, etc.' it doesn't really matter who it is. to win we need to profit take when they profit take...the profit taking is the bigger move generally in forex 100 pips moves or more. simply put,...
That lower picture is clearly = heard is selling and sm is buying.

Edit: I have not heard about this profit taking concept, have to look that, but that lower picture, price comes up, so somebody is buying, I cant see that profit taking concept there.
  • #3,828
  • Sep 14, 2010 2:45am Sep 14, 2010 2:45am
GJ H1
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  • #3,829
  • Sep 14, 2010 2:49am Sep 14, 2010 2:49am
Was long both EU and GU earlier right after the down moves, but got stopped out. SL was too tight (needed 1 pip more on EU and 10 more on GU) and now, frustratingly, have to wait.

EU reaching old resistance, gonna look for a break on high volume and then a test.

GU is just ranging. Might be a sell at 1.548 or so. We'll see.
  • #3,830
  • Sep 14, 2010 2:52am Sep 14, 2010 2:52am
EU M15
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  • #3,831
  • Sep 14, 2010 2:53am Sep 14, 2010 2:53am
Profit taking happens in these areas.
Like taking milk from cow.

http://www.forexfactory.com/showpost...postcount=3721
  • #3,832
  • Sep 14, 2010 2:58am Sep 14, 2010 2:58am
Quoting Intel
EU M15
do not ignore background eu.... just cause you have bear div volume does not make a sell yet
Blogging daily now at www.volume.zone
  • #3,833
  • Sep 14, 2010 3:00am Sep 14, 2010 3:00am
Quoting JuliusCeasar
If there is enough demand to push it above 1.2740, it might be a good place to enter long targeting 1.29

I'm already in but 1.2704 is standing in the way


Attachment

first touch down..


.
Mind over matter..I don't mind and you don't matter.
  • #3,834
  • Sep 14, 2010 3:00am Sep 14, 2010 3:00am
Quoting malcolmb14
do not ignore background eu.... just cause you have bear div volume does not make a sell yet
Cheers.

Waiting for conformation either way.
  • #3,835
  • Sep 14, 2010 3:01am Sep 14, 2010 3:01am
could come off top channel 1.2900

I would like to see more weakness here before I sold
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Blogging daily now at www.volume.zone
  • #3,836
  • Sep 14, 2010 3:01am Sep 14, 2010 3:01am
Quoting JuliusCeasar
first touch down..


.
Very nice.
  • #3,837
  • Sep 14, 2010 3:11am Sep 14, 2010 3:11am
Quoting Intel
EU M15
IBFX showed different volume levels. Notice the Ultra HV whilst breaking through. It could be weakness though - Looking for price to come back under resistance and preferably waiting for an ND within the S/D zone.
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  • #3,838
  • Sep 14, 2010 3:19am Sep 14, 2010 3:19am
GU

Update
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  • #3,839
  • Sep 14, 2010 3:20am Sep 14, 2010 3:20am
Quoting Sonny1
IBFX showed different volume levels. Notice the Ultra HV whilst breaking through. It could be weakness though - Looking for price to come back under resistance and preferably waiting for an ND within the S/D zone.
Which bar are you calling UHV?
  • #3,840
  • Sep 14, 2010 3:23am Sep 14, 2010 3:23am
Quoting Intel
Which bar are you calling UHV?
the one that's breaking through the resistance area. high churn (red) volume bar. You're right Intel, probably overstated the Ultra part
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