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vsa with Malcolm

  • #4,921
  • Sep 28, 2010 10:06am Sep 28, 2010 10:06am
now i get it!

Pomo (po-mo) is a word believed to be derived from Poma, the village name given by anthropologists at the beginning of the century. There are seventy known tribes within the Pomo group.

(somehow i feel like i had one superbock too many... LOL)

Quoting malcolmb14
lol if i ever mention tip and pomo again grab a superbock and long gu after a shake out.

google them.....TIPP and POMO

basically TIPP is a bond .. today was maturity ..feds in market with liquidity + easy money BUT gu shake out got me... like a deer in the headlights I did nothing.
dreams do come true.
  • #4,922
  • Sep 28, 2010 10:08am Sep 28, 2010 10:08am
Stalling at daily pivot


Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 38 KB
Mind over matter..I don't mind and you don't matter.
  • #4,923
  • Sep 28, 2010 10:09am Sep 28, 2010 10:09am
http://www.benzinga.com/10/09/493229...perations-pomo

Quoting wannaberich
now i get it!

Pomo (po-mo) is a word believed to be derived from Poma, the village name given by anthropologists at the beginning of the century. There are seventy known tribes within the Pomo group.

(somehow i feel like i had one superbock too many... LOL)
Blogging daily now at www.volume.zone
  • #4,924
  • Sep 28, 2010 10:11am Sep 28, 2010 10:11am
i was shorting below 1.35 (red line) and the green line is why i will be short at 1.3570-80.

hapipipin
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 150 KB
dreams do come true.
  • #4,925
  • Sep 28, 2010 10:14am Sep 28, 2010 10:14am
(u didn't have to bother, really. thanks )

Quoting malcolmb14
http://www.benzinga.com/10/09/493229...perations-pomo
dreams do come true.
  • #4,926
  • Sep 28, 2010 10:15am Sep 28, 2010 10:15am
Quoting JuliusCeasar
Stalling at daily pivot
My daily pivot is at 1.5826, which is also today's open almost to the pip (I use 22:00 GMT for the open and pivots).

Seems I got really lucky to close there... my closing price was 1.58138 - I manually closed it cause it had more than passed my target, and was reaching the last lows before the meltdown, so I expected some stalling and didn't want to give those pips back.
  • #4,927
  • Sep 28, 2010 10:20am Sep 28, 2010 10:20am
Quoting tonirai
My daily pivot is at 1.5826, which is also today's open almost to the pip (I use 22:00 GMT for the open and pivots).

.

Maybe i'm reading it wrong but mine is around 1.5807

what do you have as weekly pivot?
Mind over matter..I don't mind and you don't matter.
  • #4,928
  • Sep 28, 2010 10:33am Sep 28, 2010 10:33am
Quoting JuliusCeasar
Maybe i'm reading it wrong but mine is around 1.5807

what do you have as weekly pivot?
Sorry, my indi doesn't have weekly or monthly... just daily, sweetspots, open, yesterday's high/low, and some other stuff that are disabled.

Pivots depend on the market time you use... you probably use a different one than mine.
The more simple ones use the broker's time;
In others, you can offset time, to match what you want... and that can be midnight GMT, midnight PST, whatever... in my case it's neither - it's 22:00 GMT (17:00 NY), which is when most consider market (US) as closed.
  • #4,929
  • Sep 28, 2010 10:56am Sep 28, 2010 10:56am
Intel,
How to identify Pseduo SO?
Quoting Intel
Are you getting tempted????

Check it out
  • #4,930
  • Sep 28, 2010 11:13am Sep 28, 2010 11:13am
My 11th VSA Trade (Live).

Executed Order.
EUR/JPY - Short
Date: 28-Sep-10
Time: Alpari 12:25
Entry: 113.28
Initial SL: 113.58 (-30 pips) (Above UpThrust )
Initial TP: 112.88 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax StopVol (M15), UpThrust (M15), No Demand (on 5-Min).
Here look for ND on M5 rather than M15.
Enter on Break Low of ND on M5.
Hull green on H1 and M15.


Attached:
M15 (& M5)
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 SL: 113.58 (-30 pips).

** Please comment on analysis.

Trade Management:
- Saw the initial signs on M15, then look for NoDemand on M5 to enter.
- Result hit SL first, then turn around and would have hit TP as well.
- This is when frustrating of hit SL first, then TP.

Wonder if I read the Stop Vol correct here on M15 ??

Please comment on how to improve this trade ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_VSA_Exit11_EURJPY_M15_Short.jpg Size: 168 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_VSA_Exit11_EURJPY_M5_Short.jpg Size: 174 KB
  • #4,931
  • Sep 28, 2010 11:27am Sep 28, 2010 11:27am
My 12th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 28-Sep-10
Time: Alpari 13:30
Entry: 1.3463
Initial SL: 1.3493 (-30 pips) (Above UpThrust )
Initial TP: 1.3423 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax, UpThrust, Second UpThrust/Test.
Enter on Break Low of Test.
Hull green on H1 and M15.


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 SL: 1.3493 (-30 pips).

** Please comment on analysis.

Trade Management:
- Enter on Second Upthrust/Test because is second time up this high.
- Did not wait for a NoDemand.

Please comment on how to improve this trade ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_VSA_Exit12_EURUSD_M15_Short.jpg Size: 155 KB
  • #4,932
  • Sep 28, 2010 11:34am Sep 28, 2010 11:34am
Quoting skyscraper
Intel,
How to identify Pseduo SO?
A pseudo shake out is identifyable by its position and it's volume.

If we look at my chart you'll see that there is huge weakness in the background and the down move. Then we get a SO on low volume. Sometimes these will result in no up move at all but, more often than not they will give us a small retrace of a bar or 2 then continue with the move.

The psuedo SO forms when there has been some profit taking or stops have been hit, resulting in a stalling of the down move.
  • #4,933
  • Sep 28, 2010 11:39am Sep 28, 2010 11:39am
Is it define anywhere in MTM or this is your finding?
Quoting Intel
A pseudo shake out is identifyable by its position and it's volume.

If we look at my chart you'll see that there is huge weakness in the background and the down move. Then we get a SO on low volume. Sometimes these will result in no up move at all but, more often than not they will give us a small retrace of a bar or 2 then continue with the move.

The psuedo SO forms when there has been some profit taking or stops have been hit, resulting in a stalling of the down move.
  • #4,934
  • Sep 28, 2010 11:43am Sep 28, 2010 11:43am
I am short also, but with a different T/P level. My long term T/P is approx 107.00-107.50 area. But will scale in another and possibly expect this to hit 114.00.

Jim

Quoting foxybunny
My 12th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 28-Sep-10
Time: Alpari 13:30
Entry: 1.3463
Initial SL: 1.3493 (-30 pips) (Above UpThrust )
Initial TP: 1.3423 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax, UpThrust, Second UpThrust/Test.
Enter on Break Low of Test.
Hull green on H1 and M15.


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

I will inform of exit...
  • #4,935
  • Sep 28, 2010 11:51am Sep 28, 2010 11:51am
Could 1.5717 shakedown give 1.6761?


Attached Image (click to enlarge)
Click to Enlarge Name: gu.GIF Size: 37 KB
Mind over matter..I don't mind and you don't matter.
  • #4,936
  • Edited 12:08pm Sep 28, 2010 11:57am | Edited 12:08pm
Quoting foxybunny
My 12th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 28-Sep-10
Time: Alpari 13:30
Entry: 1.3463
Initial SL: 1.3493 (-30 pips) (Above UpThrust )
Initial TP: 1.3423 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax, UpThrust, Second UpThrust/Test.
Enter on Break Low of Test.
Hull green on H1 and M15.


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

I will inform of exit...
Inserted Video


You have to look to the left side of the chart- Climatic action doesn't always mean selling.
they could be absorbing the sellers to your left. Plus , there was the no-supply bar/test
indicating they are more or less buying rather than selling..

Patience is key !! let the story play out...i see your like to trade multiple currencies(this could
be a problem for beginners- takes away from you reading the tape)

i say pick one/two .....
  • #4,937
  • Sep 28, 2010 12:05pm Sep 28, 2010 12:05pm
Quoting foxybunny
My 11th VSA Trade (Live).

Executed Order.
EUR/JPY - Short
Date: 28-Sep-10
Time: Alpari 12:25
Entry: 113.28
Initial SL: 113.58 (-30 pips) (Above UpThrust )
Initial TP: 112.88 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax StopVol (M15), UpThrust (M15), No Demand (on 5-Min).
Here look for ND on M5 rather than M15.
Enter on Break Low of ND on M5.
Hull green on H1 and M15.


Attached:
M15 (& M5)
Entry (small Yellow horizontal line),
Initial SL (small Red horizontal...
Firstly, monitor as many TFs as you wish but, stick to a single time frame for the entire trade (for now).

Your M15 UT is a poor UT. It should make a new recent high, yours doesn't. This suggests that you may not see a good setup.

Remove your TPs and exit when you see signs of demand coming in(or supply if your in a long).

Your setup requirements are not met on M15. All is not lost tho, take a look at the M5 alone, thats where your setup was
Attached Image (click to enlarge)
Click to Enlarge Name: 136.png Size: 179 KB
  • #4,938
  • Sep 28, 2010 12:08pm Sep 28, 2010 12:08pm
Quoting JuliusCeasar
Could 1.5717 shakedown give 1.6761?


Attachment
thinking that however to be honest the best of them all is eu ....think 1.5 or higher.
Blogging daily now at www.volume.zone
  • #4,939
  • Sep 28, 2010 12:20pm Sep 28, 2010 12:20pm
Quoting foxybunny
My 12th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 28-Sep-10
Time: Alpari 13:30
Entry: 1.3463
Initial SL: 1.3493 (-30 pips) (Above UpThrust )
Initial TP: 1.3423 (+40 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness. Buyer Climax, UpThrust, Second UpThrust/Test.
Enter on Break Low of Test.
Hull green on H1 and M15.


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

I will inform of exit...
Tao makes some good points.

However, the main reason this trade failed (I'm sure you know this already) is because it simply doesn't meet the setup requirements........there is no setup here.


Be patient my friend

BTW if this was a valid setup, you do not need to put your SL alll the way up there. 2 pips above the UT is fine no matter how close it is!
  • #4,940
  • Sep 28, 2010 12:23pm Sep 28, 2010 12:23pm
Going for a meal now with some friends, it's Intels birthday today
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