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vsa with Malcolm

  • #4,041
  • Sep 16, 2010 6:26am Sep 16, 2010 6:26am
Quoting Jasus
Got stopped out on GU 15M (i put my stop below the bar next to the no supply)... What did I do wrong?
I'm with comapip, nothing too wrong about your trade.

I turned my computer on 1h ago, and saw that climatic bar on M15;
Was hoping to see some other form of stopping vol or NS, down into the climatic bar area;
There was then a stopping vol visible on M5, but I was still not happy with it and waited to see some form of NS... well, it went up 40+ pips from there, without retracing, so I lost my timing.

As for EU, it just keeps going up without any decent retrace, so I don't have the balls to enter either long (already going up for days, might stop anytime), or short (showing that much strength, it's just too risky).
  • #4,042
  • Sep 16, 2010 6:37am Sep 16, 2010 6:37am
UJ

Intervention took it to 85.75 then it has been trading sideways with zero supply

A break above here could be rewarding


Attached Image (click to enlarge)
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Mind over matter..I don't mind and you don't matter.
  • #4,043
  • Sep 16, 2010 7:19am Sep 16, 2010 7:19am
Took a long GU, after this last retrace testing the 1.56 area.
That climatic bar is still in action... I'm counting on a break up on the news in 15 min.
Let's see if it doesn't come down before it, though... don't want to lock profit too early. Tight stop, anyway!
  • #4,044
  • Sep 16, 2010 8:09am Sep 16, 2010 8:09am
if pros want higher prices ( longer term players) they will mark prices thru s/r resistance to keep the shorter term players form taking profit or trying to trade opposite their positions.

do not forget in the world of banks there are longer term players and day traders.

Quoting adaseb
I am kind of confused about the above.

If price wants to breakout thru a S/R area then the pros will move price very fast thru that area because they don't want novices getting in right at support/resistance?

If price wants to stop-hunt around a S/R area then price will stay in the area for a longer time period to get the novices to load up on their position?

Is that what you are trying to say?

I looked at the chart that you posted and since price quickly came down from the 1.3035 area, does that imply that resistance held?

Thank you
Blogging daily now at www.volume.zone
  • #4,045
  • Sep 16, 2010 8:10am Sep 16, 2010 8:10am
A late good morning traders.

I'm late to the party this morning because of life (cough.. my woman...).

I'm thinking of dropping market profile from my charts. I really like the way it looks and I think that it could be helpful, but until I find some quality information on how to apply it in a practical way to forex I'm dropping it off of my charts.

First question, has anyone ever seen an indicator that plots VAH and VAL ??

Also, does anyone take information from MP regarding entry or exit?
  • #4,046
  • Sep 16, 2010 8:15am Sep 16, 2010 8:15am
Quoting xman
@malcommb14

What is this vertical histogram (some kind of volume distribution) on yours charts? Is there any for mt4?

Rgds
that is a volume histogram for esignal

I use value area and high vol pivots of the 20 last trading days as s/r areas

value area ifs the price area where 70% of the volume occurs in a day

Here is eus 15 min showing use of the vaue area , point of control and shows well the mark up discussed in the last post

Attached Image (click to enlarge)
Click to Enlarge Name: chart2892.png Size: 215 KB
Blogging daily now at www.volume.zone
  • #4,047
  • Sep 16, 2010 8:19am Sep 16, 2010 8:19am
it takes time to become good at something that will make you money day in day out.

I have 1000's of charting hours under my belt and that is what makes me seem good at using vsa

read master the markets once. even would be worth paying someone to translate form english to italian for you if reading english will take you a while. It is my bible.

Quoting dnabrasil
hi all,
thanks for sharing..

i'm italian and my english isn't very good..

there's a place where i can found a summary oh master the market?
in order to understand the system you trade...
i understood the importance of volume, instead of they are volume of my broker.. but i wil take months in reading all the book, and other months in understanding & trying to apply the system...

could someone help me in found a summary???

thanks a lot
Blogging daily now at www.volume.zone
  • #4,048
  • Sep 16, 2010 8:21am Sep 16, 2010 8:21am
Quoting malcolmb14
that is a volume histogram for esignal

I use value area and high vol pivots of the 20 last trading days as s/r areas

value area ifs the price area where 70% of the volume occurs in a day

Here is eus 15 min showing use of the vaue area , point of control and shows well the mark up discussed in the last post

Attachment

@ anybody

Do you have volume histogram for mt4?
  • #4,049
  • Sep 16, 2010 8:24am Sep 16, 2010 8:24am
easy long on stopping vol 15 min

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #4,050
  • Sep 16, 2010 8:31am Sep 16, 2010 8:31am
First attempt was failed and hit SL.
But now we have a double bottom at the daily pivot, forming what looks to be a successful test...
Went long on the last bar of this chart, after another no selling pressure.
What bugs me is the news every now and then... busy days make a lot of volatility both ways.
Attached Image (click to enlarge)
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  • #4,051
  • Sep 16, 2010 8:33am Sep 16, 2010 8:33am
Quoting malcolmb14
easy long on stopping vol 15 min

Attachment
Does hull turning red have any effect on that trade?






.
Mind over matter..I don't mind and you don't matter.
  • #4,052
  • Sep 16, 2010 8:38am Sep 16, 2010 8:38am
At least this time it's +20 and allows me to move SL to BE.
Don't know where to expect to TP... have an initial TP at 1.5640, below the highs... what do you think, Mal?
  • #4,053
  • Sep 16, 2010 8:38am Sep 16, 2010 8:38am
Quoting malcolmb14
easy long on stopping vol 15 min

Attachment
Your tellin me dude, I told myself at the beginning of today that I was gonna try to enter from the 15m instead of the 5, so I basically just watched that move happen while I sat on my hands. Let's see if this 15m is down on LV

Edit: We're at the top of the daily range so maybe I'm just too late to the party any thoughts?
  • #4,054
  • Sep 16, 2010 8:45am Sep 16, 2010 8:45am
not really as I am doing more of a hit and run style of trading using a 15 min chart

25 to 30 pip a trade. also i know upside was limited in eu due to the days range completing already off london lows.

Quoting JuliusCeasar
Does hull turning red have any effect on that trade?






.
Blogging daily now at www.volume.zone
  • #4,055
  • Sep 16, 2010 8:47am Sep 16, 2010 8:47am
Quoting tonirai
At least this time it's +20 and allows me to move SL to BE.
Don't know where to expect to TP... have an initial TP at 1.5640, below the highs... what do you think, Mal?
quad witching tomorrow.... not expecting to much out of the market

am looking for tankage on es tomorrow though and am going to take a cheeky sell on es before close today if it goes near 1121
Blogging daily now at www.volume.zone
  • #4,056
  • Sep 16, 2010 8:53am Sep 16, 2010 8:53am
Quoting malcolmb14
not really as I am doing more of a hit and run style of trading using a 15 min chart

25 to 30 pip a trade. also i know upside was limited in eu due to the days range completing already off london lows.
malc,

eu seems to be rejecting 1.31 fairly strongly at the moment bouncing off it 3 times recently. However, there does seem to be strong buying at around 1.3060 which seems to be a support line based on a spike in the H4 chart from august 8. would you be looking to enter long due to the current uptrend and if so what would make you see the trend changing down and therefore start looking for shorts?

Thanks!
tg
Change is the only constant
  • #4,057
  • Sep 16, 2010 9:04am Sep 16, 2010 9:04am
Quoting malcolmb14
quad witching tomorrow.... not expecting to much out of the market
Yes, I know... was expecting GU to be higher before it.
My previous long was stopped at BE (could have closed at +25 pips);
Took another one lower, but chicken out before the news and moved SL to BE just before it came out, when I was +7... caput also
  • #4,058
  • Sep 16, 2010 9:06am Sep 16, 2010 9:06am
2nd trade eu again off a 15 min chart
entry vwap 1.3060

Attached Image (click to enlarge)
Click to Enlarge Name: chart2898.png Size: 200 KB
Blogging daily now at www.volume.zone
  • #4,059
  • Sep 16, 2010 9:11am Sep 16, 2010 9:11am
Quoting malcolmb14
that is a volume histogram for esignal

I use value area and high vol pivots of the 20 last trading days as s/r areas

value area ifs the price area where 70% of the volume occurs in a day

Here is eus 15 min showing use of the vaue area , point of control and shows well the mark up discussed in the last post

Attachment

Hi Malcolm,

What do you mean by "high vol pivots of the last 20 trading days" ?

Would you mind showing on a chart what does "high vol pivots" look like, and how to calculate ?

Thx.
  • #4,060
  • Sep 16, 2010 9:13am Sep 16, 2010 9:13am
Quoting malcolmb14
easy long on stopping vol 15 min

Attachment

Getting the VSA bug again damn it, took the second long for a quick 20 pips, Mal, what is your exit strategy?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Seek not to change the world; seek only to change your mind about the world
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