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vsa with Malcolm

  • #5,161
  • Oct 2, 2010 11:07am Oct 2, 2010 11:07am
Quoting Nene
Believe me, I have tried. I learned to trade sitting side by side with my colleges and it was easy. But to learn a new way of trading is not as easy for me as someone else. You see, I have a learning disability where I can not comprehend written text. That is why I get upset so much when they tease me. Its not my fault and I have a great long term memory but I cant remember anything I did last week. I have to learn hands on or I am in trouble.

Jim
Sorry about that !!!
Maybe You can try and keep things as simple as Possible !! EX . 2 things (2 timeframes)

1 .Daily EU was pretty much accumulated and it's Now @ the THRUST stage..

2 . SO Only look for longs on smaller time frames maybe 1 hr(my fav.)nothing else , no matter what.

MY Hope for DAILY EU is the trend/thrust ends @ S/R .4399 , so i keep
buying dips..
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  • #5,162
  • Oct 2, 2010 11:21am Oct 2, 2010 11:21am
You use the Daily for direction, and I do see the higher low before the break up. That I am used too. And you probably are buying the pullbacks on the, say, 15 min TF. But my Better volume does not print the same as everyone elses so i have nothing to compare with.

Jim

Quoting taomql4
Sorry about that !!!
Maybe You can try and keep things as simple as Possible !! EX . 2 things (2 timeframes)

1 .Daily EU was pretty much accumulated and it's Now @ the THRUST stage..

2 . SO Only look for longs on smaller time frames maybe 1 hr(my fav.)nothing else , no matter what.

MY Hope for DAILY EU is the trend/thrust ends @ S/R .4399 , so i keep
buying dips..
  • #5,163
  • Oct 2, 2010 11:58am Oct 2, 2010 11:58am
Quoting Nene
You use the Daily for direction, and I do see the higher low before the break up. That I am used too. And you probably are buying the pullbacks on the, say, 15 min TF. But my Better volume does not print the same as everyone elses so i have nothing to compare with.

Jim
i use Bronco and fxcm mt4 volume !!! Maybe you can give them a try...
  • #5,164
  • Oct 2, 2010 1:18pm Oct 2, 2010 1:18pm
Quoting malcolmb14
The market has changed and it seems fx is being more and more manipulated.

Even since 2008 crash though the stock market has also changed ans is pretty much run by algos now.

That and there are more small players because of the retail market growing. So the large players are using different kinds of reverse psychology to lure the herd in before killing them. You will never know because the rules aren't followed... they may change every week. Best thing to do is get in and get out with volume.

Jag
  • #5,165
  • Oct 2, 2010 1:47pm Oct 2, 2010 1:47pm
Quoting sidhujag
That and there are more small players because of the retail market growing. So the large players are using different kinds of reverse psychology to lure the herd in before killing them. You will never know because the rules aren't followed... they may change every week. Best thing to do is get in and get out with volume.

Jag

sell side traders try to screw buy side traders and vice versa

retail are ants
  • #5,166
  • Edited 3:21pm Oct 2, 2010 2:16pm | Edited 3:21pm
Quoting egkid
Yep, Nothing more to say See you on other side of Beach
Sorry today after good sleep comparing e/u and g/u and DX
I will close my long e/u and g/u soon
1-look to weekly chart e/u and g/u compare
almost 4 pip euro= 1 pip Gbp that make me thinking

2- euro enter critical zone and DX also (Look to the weekly chart)

So if I'm not sure what will happen next why should i keep my positions.
Lock my profit and I'm sure market will give me another chance soon.
GL All
Trade safe for next 2 weeks
http://www.forexfactory.com/showpost...6&postcount=50
  • #5,167
  • Oct 3, 2010 10:15am Oct 3, 2010 10:15am
major signs of weakness coming in , this may not play out till 3rd week oct due to more POMO... maybe even into Nov may be topping pattern if this weakness sends market sideways.

The qe2 is to be announced nov 3rd meeting.

Better volume indie gave me climatic alert for friday this week.

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Blogging daily now at www.volume.zone
  • #5,168
  • Oct 3, 2010 10:25am Oct 3, 2010 10:25am
Quoting Nene
There is definitely something going on.

I was thinking about what you said about having a learning disability. I have struggled all my life with learning. Even though I managed to get a degree in civil engineering and come 5th in my class after being told in my 1st year that I should drop out cause I was to thick. I have always found the cheat ways to help me out in life.... with my degree it was to study the lazy professors and figure out there was no way they would write new questions for the exams each year... sure enough after after going thru 10 years worth of exam papers I found repetition to the questions , so just memorized question form last 10 years exams ( the cycle of question had a 3 to 4 year repeat cycle)...

In my work as a senior estimator for a large construction company I am no good at the projects that have loads of documents in that require a ton of reading and have very detailed drawings. BUT give me napkin sketch of a 200 million building and I can price that thing up and give you all kinds of cost saving ideas and options for building materials, and typically within a 3 day turn around.

Those with learning disabilities think on a different plain IMHO. I know I do ... always thinking outside the box and looking for different ways to make sure I am good at what I do.

part 2 covers how does nene work with vsa
Blogging daily now at www.volume.zone
  • #5,169
  • Oct 3, 2010 10:49am Oct 3, 2010 10:49am
OK so how do we work with learning disabilities and trading ? I often mark charts with buying climaxes that are ut , or get the names of the setups wrong , why ... cause to be honest I cannot remember the names. Everything in my life is done with databases and notes ( memory is my issue .. and a very bad one)


so lets look at gu .... lets not worry about the names of these set ups , lets look at the pretty coloured volumes bars using better volume in .

when bv picks up a coloured bar (in my chart , red , white yellow green etc) it means that something exceptional is going on with the volumes

lets look at this chart and starting left to right
1) white high vol on bv .... candle is a down one right at frankie, next candle is a piercing , so bv shows us white vol bar indicating something going on , high volume on a down candle is 90% of time buyers and in this instance next candle was a piercing reversal = confirmation of strength.

2) bv red bar. This was on a wide spread UP candle and UH volume , however in this case this was a mark up thru resistance 1.5750. again we kewn something was going on with volume due to the RED bv indie .

3) white bv indie.... this shows us uh volume , and the candle that is associated with it is a doji , so we can assume seller, next 2 candles confirm the weakness.

4) white bv indie , shows uh volume on attempt to move up , candle closed below middle = weakness

5) red bv indie. UH candle on effort to move up = weakness

6) green bv indie brings attention once more to price action ... we see a doji style candle closing off lows so can see sellers again

hope this helps nene , do not worry about what the names are for everything , just use the colours on the bv indie to see that something out of the ordinary is going on with volumes , then look at the candle to see if it is a doji , or hammer ( on ultra high volume) this indicates sellers coming in on a doji at top of market or hammer on bottom of market

the trade on a demo account is something .. new technique I am playing with to hone entries and widen stops a wee bit as i seem to get stopped out on trades that then work my way, been getting very frustrated last 2 weeks with that.

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Blogging daily now at www.volume.zone
  • #5,170
  • Oct 3, 2010 12:53pm Oct 3, 2010 12:53pm
Wow, great interpretation from a well thought out explanation in layman terms.
1st post on this board but have been an avid reader from page 1, found this thread at about page 90.
I have traded stocks for over 20 years and always found volume was always and the only "leading indicator".
Trying to get this VSA concept around my aging head but feel determine to succeed.

Thanks fellow cannuck
  • #5,171
  • Oct 3, 2010 2:41pm Oct 3, 2010 2:41pm
I appreciate you taking the time to help me, Malcolm. I will try to put it to good use.

Jim

Quoting malcolmb14
OK so how do we work with learning disabilities and trading ? I often mark charts with buying climaxes that are ut , or get the names of the setups wrong , why ... cause to be honest I cannot remember the names. Everything in my life is done with databases and notes ( memory is my issue .. and a very bad one)


so lets look at gu .... lets not worry about the names of these set ups , lets look at the pretty coloured volumes bars using better volume in .

when bv picks up a coloured bar (in my chart , red , white yellow green etc) it means that...
  • #5,172
  • Oct 3, 2010 3:28pm Oct 3, 2010 3:28pm
Quoting Nene
I appreciate you taking the time to help me, Malcolm. I will try to put it to good use.

Jim
nene, i am hanging around here about maybe more than 6 months at least, and i am still learning and i cannot see set-ups easily.. sometimes, i see, but i need maybe more monitoring time.. i dont know...

but i believe that volume is the only way to find out something in forex...

cheers
  • #5,173
  • Oct 3, 2010 7:52pm Oct 3, 2010 7:52pm
Quoting malcolmb14
OK so how do we work with learning disabilities and trading ? I often mark charts with buying climaxes that are ut , or get the names of the setups wrong , why ... cause to be honest I cannot remember the names. Everything in my life is done with databases and notes ( memory is my issue .. and a very bad one)


so lets look at gu .... lets not worry about the names of these set ups , lets look at the pretty coloured volumes bars using better volume in .

when bv picks up a coloured bar (in my chart...
Mal - that was a great explanation. Helped solidify a couple of points I've been working on - especially around mark up through resistance areas.

I assume you still use previous days POC as resistance areas, as well as just visual inspect of candle touch points to determine support resistance areas.

Keep 'em coming.
  • #5,174
  • Edited 1:23am Oct 4, 2010 1:21am | Edited 1:23am
hi malcolm! greetings big boy!

look, I made a custom volume indicator which shows dukascopy's floor liquidity trade volumes in other way than standard.

Each volume bar is summary of bids and asks per preiod, but color is different in case bid>ask is red and ask>bid is silver. But strangely you can see many times volume go against PA.

Yes, there are times they ask on dips and bid on highs, but strange - many times is other way. See on big chart last 5 days GU been bided strongly non stop... and GU was ranging

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Take a look please on this and tell me what do you see, what is necessary to complete this for better fitting to VSA?


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can you just edit my charts to show your view based on VSA?
thanks!
No crystal ball. I read the cards.
  • #5,175
  • Oct 4, 2010 1:57am Oct 4, 2010 1:57am
Hey guys can you comment on my analysis, is there anything i missed here or have done wrong?? Cheers (E/U 5 mins)
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  • #5,176
  • Oct 4, 2010 2:31am Oct 4, 2010 2:31am
I got out of my last trade 37 pips profit when i saw a high volumer bar on a narrow spread down bar.

I have now re entered on signs of no demand. . .
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  • #5,177
  • Oct 4, 2010 3:20am Oct 4, 2010 3:20am
Nice short.
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  • #5,178
  • Oct 4, 2010 4:04am Oct 4, 2010 4:04am
Quoting Kakyn
Nice short.
Hey dude,

What was your reason for you entry here??

Was it the no demand bar?
  • #5,179
  • Oct 4, 2010 5:51am Oct 4, 2010 5:51am
Quoting NaughtyPip
Hey dude,

What was your reason for you entry here??

Was it the no demand bar?
Is there not?

I still not skilled at spotting no demand bar but this one works so I suppose it was a no demand bar?
  • #5,180
  • Oct 4, 2010 8:04am Oct 4, 2010 8:04am
Quoting intery
hi malcolm! greetings big boy!

look, I made a custom volume indicator which shows dukascopy's floor liquidity trade volumes in other way than standard.

Each volume bar is summary of bids and asks per preiod, but color is different in case bid>ask is red and ask>bid is silver. But strangely you can see many times volume go against PA.

Yes, there are times they ask on dips and bid on highs, but strange - many times is other way. See on big chart last 5 days GU been bided strongly non stop... and GU was ranging

Attachment ...
You should swap the colours to give you the best idea of what SM are doing.
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