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Triple taps

  • #201
  • Sep 23, 2010 8:08am Sep 23, 2010 8:08am
Quoting driftwood
hello, i am out with +32. i have over +150 in 2 days even tho i chicken on GU with only +20. This day i go to pub
Great job! I'll join you!
  • #202
  • Sep 23, 2010 8:10am Sep 23, 2010 8:10am
Quoting lawgirl21
Do you calculate your daily range from market open to close or your brokers daily open and close?
I use esignal 200 source fx feed as i need it for volumes ( although been trading mostly fx futures recently).

I use what ever that charts says low or high is after midnight pst , then if up day add 120 pip to low , for down day subtract 120 pip off high...works 80% of time.
Blogging daily now at www.volume.zone
  • #203
  • Sep 23, 2010 8:12am Sep 23, 2010 8:12am
Quoting malcolmb14
remember what i said baout days rnages yesterday ... not very often these are exceeded as it almost seems that central banks like to keep currency movements to baout 1.2 cents per day only.

london low gu 5614 , days range high 1.5734 ....sold 1.5735..always have a sell at days range high with 20 pip stop for 30 pip profit as dialy wick forms
Are you talking about a pending sell order with these SL and TP parameters?
  • #204
  • Sep 23, 2010 8:19am Sep 23, 2010 8:19am
Quoting lawgirl21
Are you talking about a pending sell order with these SL and TP parameters?
yes BUT i always look at what pair is doing from a vsa standpoint also. As price moves up to days limit i want to see signs sellers ...

Sometimes days range is only 100 pip , but average right now is 120 pip for last 21 days.

80% of time this trade willwork.... loads of way to skin a cat .
Blogging daily now at www.volume.zone
  • #205
  • Sep 23, 2010 8:33am Sep 23, 2010 8:33am
Quoting malcolmb14
yes BUT i always look at what pair is doing from a vsa standpoint also. As price moves up to days limit i want to see signs sellers ...

Sometimes days range is only 100 pip , but average right now is 120 pip for last 21 days.

80% of time this trade willwork.... loads of way to skin a cat .
So, on one daily candle you generally will have 2 trades: 1) a market order either long or short determined by trend and 2) a short pending order? That is powerful stuff.
  • #206
  • Sep 23, 2010 8:38am Sep 23, 2010 8:38am
Quoting lawgirl21
So, on one daily candle you generally will have 2 trades: 1) a market order either long or short determined by trend and 2) a short pending order? That is powerful stuff.
err...

so far in last 3 hours I have done the following and am done for day
1) gu long 1.5660 to 1.5700
2) gu sell 1.5735 to 1.5700
3) eu sell 1.3760 to 1.3730(based on vsa set up on 15)
4) long es 1119 closed 1130 (gap fill play)
5) es sell 1130 closed 1128 (hoping for gap fill and seller off yesterdays lows)

busy morning but fairly typical

I only use pa and volume for trades plus value area / s/r. and also understanding how the market works at us open. I have been trading for 8 years now and have learnt alot along the way

I knew es would fly up as on bad news massive volume came in on employment bad news dip and 1118 is daily support.
Blogging daily now at www.volume.zone
  • #207
  • Sep 23, 2010 8:45am Sep 23, 2010 8:45am
Quoting malcolmb14
err...

so far in last 3 hours I have done the following and am done for day
1) gu long 1.5660 to 1.5700
2) gu sell 1.5735 to 1.5700
3) eu sell 1.3760 to 1.3730(based on vsa set up on 15)
4) long es 1119 closed 1130 (gap fill play)
5) es sell 1130 closed 1128 (hoping for gap fill and seller off yesterdays lows)

busy morning but fairly typical

I only use pa and volume for trades plus value area / s/r. and also understanding how the market works at us open. I have been trading for 8 years now and have learnt alot along the way

I knew es would...
Wow Malcolmb14,

Guess got lots to learn from you.
  • #208
  • Sep 23, 2010 8:48am Sep 23, 2010 8:48am
Quoting malcolmb14
err...

so far in last 3 hours I have done the following and am done for day
1) gu long 1.5660 to 1.5700
2) gu sell 1.5735 to 1.5700
3) eu sell 1.3760 to 1.3730(based on vsa set up on 15)
4) long es 1119 closed 1130 (gap fill play)
5) es sell 1130 closed 1128 (hoping for gap fill and seller off yesterdays lows)

busy morning but fairly typical

I only use pa and volume for trades plus value area / s/r. and also understanding how the market works at us open. I have been trading for 8 years now and have learnt alot along the way

I knew es would...
It looks like you trade different pairs, but on each one you may have 2 trades... I don't think any of us are trading es, but certainly EU and GU. I entered a GU trade using your +120 method and made a very quick $200 just since this exchange. Thanks for taking the time to go into more detail.
  • #209
  • Sep 23, 2010 8:51am Sep 23, 2010 8:51am
eu 30 triple tap support ...sweet vsa and candles set ups also ... maybe a 50 pipper

london almost closed though so no new trades for me ( unless that double bottom on 30 min uj plays out in asia and Great Uncle is nice to me tonight)

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 159 KB
Blogging daily now at www.volume.zone
  • #210
  • Sep 23, 2010 8:53am Sep 23, 2010 8:53am
Quoting lawgirl21
It looks like you trade different pairs, but on each one you may have 2 trades... I don't think any of us are trading es, but certainly EU and GU. I entered a GU trade using your +120 method and made a very quick $200 just since this exchange. Thanks for taking the time to go into more detail.
I love es more than fx . ES is s and p emini $50 per point per contract.

I trade about 5 am to 8 am pst , us market gets going 630 am pst , so I can play gap closes and open rnage failures or breakouts on es for 1st 1.5 hours. Then I may come back and trade last 1,5 hours es. Other than those 2 time windows you do not need to be in es thru the day,
Blogging daily now at www.volume.zone
  • #211
  • Sep 23, 2010 9:28am Sep 23, 2010 9:28am
gu double tap off days range high ....in another sell of the 30 level

es failing 1130
Blogging daily now at www.volume.zone
  • #212
  • Sep 23, 2010 9:33am Sep 23, 2010 9:33am
Quoting malcolmb14
err...

so far in last 3 hours I have done the following and am done for day
1) gu long 1.5660 to 1.5700
2) gu sell 1.5735 to 1.5700
3) eu sell 1.3760 to 1.3730(based on vsa set up on 15)
4) long es 1119 closed 1130 (gap fill play)
5) es sell 1130 closed 1128 (hoping for gap fill and seller off yesterdays lows)

busy morning but fairly typical

I only use pa and volume for trades plus value area / s/r. and also understanding how the market works at us open. I have been trading for 8 years now and have learnt alot along the way

I...
great trades there malcolmb. you trade like a banker working for a investment bank or something? if you don't mind me asking. I always wondered how the professional traders do trading. maybe i will see if I can learn anything from your charts.
  • #213
  • Sep 23, 2010 9:35am Sep 23, 2010 9:35am
Quoting vijidas
great trades there malcolmb. you trade like a banker working for a investment bank or something? if you don't mind me asking. I always wondered how the professional traders do trading. maybe i will see if I can learn anything from your charts.
all in the volumes... check my thread for how i trade .. loads of reading there ....
Blogging daily now at www.volume.zone
  • #214
  • Sep 23, 2010 9:39am Sep 23, 2010 9:39am
Quoting vijidas
great trades there malcolmb. you trade like a banker working for a investment bank or something? if you don't mind me asking. I always wondered how the professional traders do trading. maybe i will see if I can learn anything from your charts.

this kind of set up is why triple taps and double taps work

1) sellers at days range high
2) little dip off that then double test the supply zone for london close. Price should now drift back down into 1.5700 to form daily wick

the es trades .. well those are by understanding how markets work and spending thousands of hours trading it. If you focus on one thing you will notice things ... like in GU the frankie shake out ...can anyone spot the shake out in gu on the chart below

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 200 KB
Blogging daily now at www.volume.zone
  • #215
  • Sep 23, 2010 9:41am Sep 23, 2010 9:41am
Quoting malcolmb14
this kind of set up is why triple taps and double taps work

1) sellers at days range high
2) little dip off that then double test the supply zone for london close. Price should now drift back down into 1.5700 to form daily wick

the es trades .. well those are by understanding how markets work and spending thousands of hours trading it. If you focus on one thing you will notice things ... like in GU the frankie shake out ...can anyone spot the shake out in gu on the chart below

Attachment
cool. I will check out your thread and try not to post many questions. thanks for your help.
  • #216
  • Sep 23, 2010 9:44am Sep 23, 2010 9:44am
Quoting malcolmb14
all in the volumes... check my thread for how i trade .. loads of reading there ....
I can see three threads: vsa with Malcolm, GBPJPY scalpers and Malcolms Trading Journal. I guess it is vsa with malcom thread I need to read? a while ago I downloaded loads of videos on vsa but never got around to study them. I will have a go this weekend.
  • #217
  • Sep 23, 2010 11:33am Sep 23, 2010 11:33am
daily wick formed

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 202 KB


Quoting malcolmb14
this kind of set up is why triple taps and double taps work

1) sellers at days range high
2) little dip off that then double test the supply zone for london close. Price should now drift back down into 1.5700 to form daily wick

the es trades .. well those are by understanding how markets work and spending thousands of hours trading it. If you focus on one thing you will notice things ... like in GU the frankie shake out ...can anyone spot the shake out in gu on the chart below

Attachment
Blogging daily now at www.volume.zone
  • #218
  • Sep 23, 2010 12:02pm Sep 23, 2010 12:02pm
U/cad is tapping on the 15 min....3 rd time.

The 4hr looks short. Don't have much time....eval it if interested.
  • #219
  • Sep 23, 2010 12:06pm Sep 23, 2010 12:06pm
Quoting cugir321
U/cad is tapping on the 15 min....3 rd time.

The 4hr looks short. Don't have much time....eval it if interested.
Like it but there is significant selling above us at that resistance level....

ES failed 1130 and when that drops usd gets stronger ... hence the trile tap off support on ucad wokring
Blogging daily now at www.volume.zone
  • #220
  • Sep 23, 2010 12:08pm Sep 23, 2010 12:08pm
I've got to go through your posts tonight....interesting stuff.
Quoting malcolmb14
like it but there is significant selling above us at that resistance level....

Es failed 1130 and when that drops usd gets stronger ... Hence the trile tap off support on ucad wokring
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