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vsa with Malcolm

  • #4,941
  • Sep 28, 2010 12:24pm Sep 28, 2010 12:24pm
easy one and not even vsa related ...

DO NOT TRY TRADING AGAINST THE HULLS.

even if you see weakness wait for hulls to turn down. It will confirm the weakness.



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...
Blogging daily now at www.volume.zone
  • #4,942
  • Sep 28, 2010 12:26pm Sep 28, 2010 12:26pm
Quoting Intel
Going for a meal now with some friends, it's Intels birthday today
happy birthday ....

YOu off to the local barn to shear some sheep ? aka Welsch strip club ?
Blogging daily now at www.volume.zone
  • #4,943
  • Sep 28, 2010 12:26pm Sep 28, 2010 12:26pm
Not satisfied-They came down and bought some more--making
sure supply at that trend line was gone--they put in work !!lol
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-28_VSA_Exit12_EURUSD_M15_Short.jpg Size: 158 KB
  • #4,944
  • Sep 28, 2010 12:29pm Sep 28, 2010 12:29pm
Quoting malcolmb14
happy birthday ....

YOu off to the local barn to shear some sheep ? aka Welsch strip club ?
Thanks...............I think
  • #4,945
  • Sep 28, 2010 12:34pm Sep 28, 2010 12:34pm
for now going to treat GU as a shake out of weak longs and will exepct higher prices into 1.6.

So on that note will be looking for any buying on dips in frankfurt
Blogging daily now at www.volume.zone
  • #4,946
  • Sep 28, 2010 12:56pm Sep 28, 2010 12:56pm
Quoting Intel
Thanks...............I think
Eh eh... Happy birthday, my friend
I will drink one Super Bock right now, to celebrate with you!
  • #4,947
  • Sep 28, 2010 12:58pm Sep 28, 2010 12:58pm
This has been a crazy day. I've been on the sidelines with my head buried in a textbook all day. That was one hell of a move in eu.

I saw this setting up (even though my head was in books my screen was on 15m eu) and at the moment I was like yep looks like:

1) Selling
2) Failed test
3) ND

and now in retrospect it seems like:

1) Buying?
2) Buying
3) Successful test

Can anyone offer advice that might help me when price is on the right side of the chart to avoid completely mis-reading price/volume?
Attached Image (click to enlarge)
Click to Enlarge Name: s28a.jpg Size: 85 KB
  • #4,948
  • Sep 28, 2010 1:04pm Sep 28, 2010 1:04pm
Quoting taomql4
http://www.youtube.com/watch?v=nJY07J9P7fg

.
If you've never played football you might look at that and think "no big deal they're covered in pads"

I still suffer from nerve damage in my neck from that BS, we used to do a drill called king of the boards. Coach would take a 12 foot 2''X4'', cover it with straw/hay, and have us split into 2 groups.

Each group would form a line at either end of the board. The first person in each line would straddle their end, facing their opponent, and get into a 3 point stance. When coach blew the whistle, we would charge each other, trying to keep our face masks on the board. Whoever lost "control" of the board loses, and the "winner" "gets" to stay on.

I was pretty good, and as a result regularly experience limited mobility in my neck accompanied with horrific nerve pain in my upper back. I've been going to a chiropractor for years now.
  • #4,949
  • Edited 1:30pm Sep 28, 2010 1:20pm | Edited 1:30pm
Volume on 2 was high and next bar confirms that, totally the same as on first bar - price with high vol doesnt closes below Support, but all this You know by Yourself..

Edit:
How to avoid such things ? I will not repost it, but this is what i have posted already here - this is called eiphory of mind.
You were right about selling and Your mind got in eiphory in such eiphory that was not ready to change thinking so fast that You could see buying.

Those who want to argument on this - welcome ( but no need ), but all the same You can read in Toms books... So argument with him.

Best,
Tom


Quoting frankkn
This has been a crazy day. I've been on the sidelines with my head buried in a textbook all day. That was one hell of a move in eu.

I saw this setting up (even though my head was in books my screen was on 15m eu) and at the moment I was like yep looks like:

1) Selling
2) Failed test
3) ND

and now in retrospect it seems like:

1) Buying?
2) Buying
3) Successful test

Can anyone offer advice that might help me when price is on the right side of the chart to avoid completely mis-reading price/volume?
  • #4,950
  • Sep 28, 2010 1:38pm Sep 28, 2010 1:38pm
Quoting tfflyer
Volume ....
Thank you for the interesting and insightful post, Tom.

I appreciate the way you've presented your thoughts, they've definitely given me something to think about while I'm taking my exam tonight, and I suspect that your post might help me when price is on the right side of the chart.

Thanks

Edit:

I wonder what the best entry was in this situation? Long on the break of 3?

Or maybe look to another time frame? i.e. look for NS/Testing on 5m.
  • #4,951
  • Sep 28, 2010 1:57pm Sep 28, 2010 1:57pm
What a move today.. Hopefully we can confirm a valid GU support rejection at 5725 in the next few days. I'm not expecting it's going to get to the support at that speed.. huh, what a day..

Well, I closed most of my positions.. This one pair I hope for a bit of a long term trade, for that I would like to see it break the range/fibo 50% first to confirm further upside move.

Happy pippin'
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 35 KB
  • #4,952
  • Sep 28, 2010 2:13pm Sep 28, 2010 2:13pm
a very Happy birthday with many, many to count (pips and years)!



Quoting Intel
Going for a meal now with some friends, it's Intels birthday today
dreams do come true.
  • #4,953
  • Sep 28, 2010 2:15pm Sep 28, 2010 2:15pm
going home now and i will drink one too in your honor!

Quoting tonirai
Eh eh... Happy birthday, my friend
I will drink one Super Bock right now, to celebrate with you!
dreams do come true.
  • #4,954
  • Sep 28, 2010 2:28pm Sep 28, 2010 2:28pm
Quoting wannaberich
going home now and i will drink one too in your honor!
Happy bday Intel!

I will also throw back a cold one in your honor.

Man I really should get back to studying!
  • #4,955
  • Sep 28, 2010 2:33pm Sep 28, 2010 2:33pm
Someone made a PM request :
Here........



--Happy birthday intel !!!
Attached File(s)
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 426 downloads
  • #4,956
  • Edited 2:52pm Sep 28, 2010 2:41pm | Edited 2:52pm
Quoting frankkn
Thank you for the interesting and insightful post, Tom.
I appreciate the way you've presented your thoughts, they've definitely given me something to think about while I'm taking my exam tonight, and I suspect that your post might help me when price is on the right side of the chart.
Thanks

Edit:

I wonder what the best entry was in this situation? Long on the break of 3?

More NO than Yes

Or maybe look to another time frame? i.e. look for NS/Testing on 5m.

More YES than NO
edit: This is just my opinion of possible way to trade for this situation. No wrong or right things till You make pips

Best,
Tom
  • #4,957
  • Sep 28, 2010 3:32pm Sep 28, 2010 3:32pm
Guys,
On GU M15 , do you all think some accumulation is happening or is it low volume time?
  • #4,958
  • Sep 28, 2010 3:43pm Sep 28, 2010 3:43pm
Quoting skyscraper
Guys,
On GU M15 , do you all think some accumulation is happening or is it low volume time?
1.5780 gu is support ,, we pierced under that today in US by 80 pip and are now moving sideways just above it. For me to trade gu I may have to wait until US session tomorrow as that move looks like a shake out ... but 200pip was a heel of a move... and I even saw supply hitting the market at 1,5890 but did nOTHING.

I am looking at 1,5780 holding
Blogging daily now at www.volume.zone
  • #4,959
  • Sep 28, 2010 5:50pm Sep 28, 2010 5:50pm
Quoting tfflyer
Volume on 2 was high and next bar confirms that, totally the same as on first bar - price with high vol doesnt closes below Support, but all this You know by Yourself..

Edit:
How to avoid such things ? I will not repost it, but this is what i have posted already here - this is called eiphory of mind.
You were right about selling and Your mind got in eiphory in such eiphory that was not ready to change thinking so fast that You could see buying.

Those who want to argument on this - welcome ( but no need ), but all the same You can...

Nice post Tom.

An open mind will save you many bad trades and help us to recognise good ones.
  • #4,960
  • Sep 28, 2010 5:54pm Sep 28, 2010 5:54pm
Thanks for all the kind words everyone. I hope I'm not responsible for any bad heads or worse still......someone failing an exam!!!!!!!!!!!
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