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vsa with Malcolm

  • #4,741
  • Sep 27, 2010 4:15am Sep 27, 2010 4:15am
Quoting egkid
Don't know why change the date of NFP To next week 8 October
...
did u see it change from Oct1 to Oct8?
there must be a holiday or fundamental reason...
Thanks!
  • #4,742
  • Sep 27, 2010 5:25am Sep 27, 2010 5:25am
Im waiting for a low volume test in the hig vol area, plus a break of tl... what do you think?? (15 min e/u)
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  • #4,743
  • Sep 27, 2010 6:27am Sep 27, 2010 6:27am
Quoting comapip
I don't like this session at all Got stopped out on GU. Probably should stick to my "I hate Mondays" routine and stop trading Currently GU and EU supply overcame demand, although there's still demand left.
Patience is important thing
e/u 15 min chart and g/u 15min chart
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http://www.forexfactory.com/showpost...postcount=4722
  • #4,744
  • Sep 27, 2010 6:47am Sep 27, 2010 6:47am
Quoting egkid
Patience is important thing
e/u 15 min chart and g/u 15min chart
Attachment
Attachment
http://www.forexfactory.com/showpost...postcount=4722
damn man.. i hope we get a more significant retracement.. how can anybody have guts to enter from such pullback..
  • #4,745
  • Sep 27, 2010 6:49am Sep 27, 2010 6:49am
Quoting egkid
Patience is important thing
e/u 15 min chart and g/u 15min chart
Hello guys, hope everyone had a great weekend (mine was spent working).

I woke up as those setups were happening... took some time going through the different TFs, watching possible s&r areas, background, etc;
Between EU and GU, I didn't like so much how the GU was developing that setup, so I got in on EU, a bit later than in your chart (~1.3445).
Took only 20 pips... like comapip, I'm not a big fan of Mondays mornings, Fridays afternoons, and in general of days without news catalysts, so not willing to risk many pips, nor to stay in too long. Hit and run is more my style

Wish you all a good trading week
  • #4,746
  • Sep 27, 2010 8:07am Sep 27, 2010 8:07am
VSA presented a perfect long for the EUR. Signs of buyers were evident before the Shakeout. Safe option to long on the break of the Test which fell within the High Volume Zone. Cable also had a similar setup.
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  • #4,747
  • Sep 27, 2010 8:28am Sep 27, 2010 8:28am
gu what a mess ...

hulls still green so looking for another test to stay in my long . days range 1.5900 potential upper limit

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Blogging daily now at www.volume.zone
  • #4,748
  • Sep 27, 2010 8:36am Sep 27, 2010 8:36am
Malcolm may I know what's the indicator on the right suspended ?
  • #4,749
  • Sep 27, 2010 8:49am Sep 27, 2010 8:49am
Quoting Kakyn
Malcolm may I know what's the indicator on the right suspended ?
shows the dsitribution of volume for this session ... called a volume histogram
Blogging daily now at www.volume.zone
  • #4,750
  • Sep 27, 2010 9:09am Sep 27, 2010 9:09am
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #4,751
  • Sep 27, 2010 9:38am Sep 27, 2010 9:38am
Quoting A-speculator
UCad has a better 4h consolidation candles than UJ IMO (if current 4h candle close like that), if daily manage to close at least above the red line, I think this pair might have some upside exposure.. However, since daily haven't really shows significant movement to the upside or valid consolidation phase, this trade is considered a high-risk trade and I am just picking bottom on this one.

Happy pippin'.
Let's see if we can get daily to sustain above the red line first. It's really nice to see price reacting according to plan.
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  • #4,752
  • Sep 27, 2010 9:42am Sep 27, 2010 9:42am
I'd give another shot for UJ. Hope that consolidation means exhausted in price..
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  • #4,753
  • Sep 27, 2010 9:44am Sep 27, 2010 9:44am
Quoting A-speculator
I'd give another shot for UJ. Hope that consolidation means exhausted in price..
check 60 min last 20 hours looks like a rounded bottom
Blogging daily now at www.volume.zone
  • #4,754
  • Sep 27, 2010 9:47am Sep 27, 2010 9:47am
Quoting malcolmb14
Attachment
stopping vol worked awesome .... getting out at upper channel 1.5840

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Blogging daily now at www.volume.zone
  • #4,755
  • Sep 27, 2010 9:48am Sep 27, 2010 9:48am
Quoting malcolmb14
check 60 min last 20 hours looks like a rounded bottom
Hope so.. let's see if we can manage to get price break the long tailed doji by today or tomorrow.. I'd be glad if price can sustain at least above the 50%, i'm sure I wanna swing the pos..
  • #4,756
  • Sep 27, 2010 10:03am Sep 27, 2010 10:03am
Quoting malcolmb14
shows the dsitribution of volume for this session ... called a volume histogram
Can you share it?

Thanks in advance.
  • #4,757
  • Sep 27, 2010 10:04am Sep 27, 2010 10:04am
My 10th VSA Trade (Live).

Executed Order.
EUR/Jpy - Long
Date: 27-Sep-10
Time: Alpari 12:15 (NOTE: First time Using Alpari Demo for this trade)
Entry: 113.37
Initial SL: 113.17 (-20 pips) (Below Long Tail UpBar )
Initial TP: 113.67 (+30 pips) (Near Range High)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Strength due to Stop vol, DownThrust, No Supply.
NS has vol lower than previous 2 bars.
Buy on Break High of NS.
Hull Red on M15 and H1.


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

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


Final Result.
The above order hit TP: 113.67 (+30 pips).

** Please comment on analysis.

Trade Management:
- The SL (-20pips) and TP (+30pips) is first time I used for what I consider as small pips.
- Went out for short while, before going out was able to move SL from -20pips to Break Even.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
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  • #4,758
  • Sep 27, 2010 10:13am Sep 27, 2010 10:13am
Quoting foxybunny
My 10th VSA Trade (Live).

Executed Order.
EUR/Jpy - Long
Date: 27-Sep-10
Time: Alpari 12:15 (NOTE: First time Using Alpari Demo for this trade)
Entry: 113.37
Initial SL: 113.17 (-20 pips) (Below Long Tail UpBar )
Initial TP: 113.67 (+30 pips) (Near Range High)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Strength due to Stop vol, DownThrust, No Supply.
NS has vol lower than previous 2 bars.
Buy on Break High of NS.
Hull Red on M15 and H1.


Attached:
M15
Entry (small Yellow horizontal line),...

Wow foxy, thats a much better vsa trade. Not much wrong with that at all, well done.

A couple of questions for consideration,

Why did you put your SL there?
Did you stop manually or use a TP?
Why did you put your TP there?
  • #4,759
  • Sep 27, 2010 10:26am Sep 27, 2010 10:26am
Quoting Sonny1
VSA presented a perfect long for the EUR. Signs of buyers were evident before the Shakeout. Safe option to long on the break of the Test which fell within the High Volume Zone. Cable also had a similar setup.
Hi Sonny1,

Nice vsa trade. A few people caught that one. Not sure about your 'Demand zones' tho. How do you decide that they exist there?
  • #4,760
  • Sep 27, 2010 10:37am Sep 27, 2010 10:37am
Quoting wannaberich
so, i must admit, i am not closing those shorts. hope u dont sumon the trading gods against me...

green pips, big M.
I'm curious, are you still holding your positions mate? Tell u the truth, I am looking into a significant retracement in 4h but I don't dare to short this thing..

Since you're heavily short, that is one big risk you take trading the retracement wave and with that kind of margin. A wise-man once said, "Never add up to a losing position". I hope you're doing fine mate..

Happy pippin'.
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