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vsa with Malcolm

  • #5,201
  • Oct 4, 2010 11:40pm Oct 4, 2010 11:40pm
Quoting intery
SM never know what people sometimes mean behind abbreviation, enough to tell is SmartMoney.

I see my question been interpreted incorrectly or may be I ask wrong if you look at my post . Do you give an attention on Bids domination or Asks domination inside of volume bars? Let's see, this is my first try in posting VSA, not pretend on anything, just need understanding is there dependency between VSA and Bid/Ask volume - most important part in this question....
no on the bid /ask question , do not over complicate things. The up moves could be bid by the cause of good news , eventually at some level the up move will turn to mostly be going off on the ask as sellers step in. TRadeguider has something called thermometer on the side of the chart to measure this buying versus selling pressure in a candle. I ignore it most of the time


vsa is more about the volume and the candle relationship. here is sotry of gu chart

what say we 1.5940 ? maybe look for another shake out in frankie

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  • #5,202
  • Oct 5, 2010 1:53am Oct 5, 2010 1:53am
Hey guys, here is entry to my first trade today, im a noob to vsa so please all critique welcome.
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  • #5,203
  • Oct 5, 2010 2:46am Oct 5, 2010 2:46am
Ahh that sucks, i was in the same trade, went and put down little one and comeback to this, luckily i moved my stop tight.
  • #5,204
  • Oct 5, 2010 2:53am Oct 5, 2010 2:53am
Got stopped out of my last trade as i always move my stops to break even. Then i went long here.....
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  • #5,205
  • Oct 5, 2010 3:17am Oct 5, 2010 3:17am
Quoting NaughtyPip
Got stopped out of my last trade as i always move my stops to break even. Then i went long here.....
Was going to enter at the same place, but then went afk for 20 mins. Came back and was like argh! Very intense London session. BoJ, then Trichet vs China, double shakeouts, you name it! May not even get a decent retracement. Maybe US will bring it down.

1.3785 for EU and 1.585 for GU to break now.
  • #5,206
  • Oct 5, 2010 3:26am Oct 5, 2010 3:26am
it was very difficult to judge
- buing dips under trend line in asian session
- break out over trend line with high volume in frankfurt open
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  • #5,207
  • Edited 4:05am Oct 5, 2010 3:51am | Edited 4:05am
Hi, can anyone comment the volume of different brokers. Malcolm said that IBFX's volume is most true. So I downloaded their demo. And the volume really is different (IBFX's volume is almost 2 times bigger) from my broker. But my broker has 4 places after comma and IBFX has 5 places after comma. Is this the case?

On M15 E/U IBFX has 2 climax high volume ticks: first at 5.45 (UK) and second one 6.00 (UK). But mine has only one climax high at 6.00 (UK).
  • #5,208
  • Oct 5, 2010 3:51am Oct 5, 2010 3:51am
Quoting NaughtyPip
Got stopped out of my last trade as i always move my stops to break even. Then i went long here.....

Got out with 78 pip profit. Boom. Enjoyed that.
  • #5,209
  • Oct 5, 2010 3:58am Oct 5, 2010 3:58am
Quoting 1pipperhour
Hi, can anyone comment the volume of different brokers. Malcolm said that IBFX's volume is most true. So I downloaded their demo. And the volume really is different (IBFX's volume is almost 2 times bigger) from my broker. But my broker has 4 places after comma and IBFX has 5 places after comma. I this the case?

On M15 E/U IBFX has 2 climax high volume ticks: first at 5.45 (UK) and second one 6.00 (UK). But mine has only one climax high at 6.00 (UK).
I tried different brokers platforms , and found a lot of discrepancy in volume feed , i came to the conclusion that ibfx is the closest to e-signal volume feed (Malcolm also has pointed to that before )
so , now i use ibfx demo mt4 to monitor volume .
  • #5,210
  • Oct 5, 2010 4:07am Oct 5, 2010 4:07am
Quoting 1pipperhour
Hi, can anyone comment the volume of different brokers. Malcolm said that IBFX's volume is most true. So I downloaded their demo. And the volume really is different (IBFX's volume is almost 2 times bigger) from my broker. But my broker has 4 places after comma and IBFX has 5 places after comma. I this the case?

On M15 E/U IBFX has 2 climax high volume ticks: first at 5.45 (UK) and second one 6.00 (UK). But mine has only one climax high at 6.00 (UK).
I use IBFX demo 5-digit for charting, but I can't comment too much, cause I'm at work without charts;

Anyway, it's been told many times that there's a few "good enough" broker feeds to use... IBFX is one, some use FXCM, etc.

You can't rely only on the better vol indi to trade, it's only meant as a visual aid... meaning that it doesn't mean anything that one feed has 1 climax high, but the other has 2;
You have to see volume and spread related to the previous bars, and see for yourself if there's something worth to pay attention to (if it's abnormally high or low, etc).

Anyway, there will always be the case that some setups are more visible/obvious on one broker feed, and others in other... you'll never catch them all
  • #5,211
  • Oct 5, 2010 4:14am Oct 5, 2010 4:14am
Quoting tonirai
You can't rely only on the better vol indi to trade, it's only meant as a visual aid... meaning that it doesn't mean anything that one feed has 1 climax high, but the other has 2;
You have to see volume and spread related to the previous bars, and see for yourself if there's something worth to pay attention to (if it's abnormally high or low, etc).

Anyway, there will always be the case that some setups are more visible/obvious on one broker feed, and others in other... you'll never catch them all
Well yes I understand that but IBFX gives more signals then to pay attention of.

I want catch them all. I need to download all the demos I can . But then i also need more screens
  • #5,212
  • Oct 5, 2010 6:55am Oct 5, 2010 6:55am
Hi guys,

Im having problems distinguishing between shake outs and tests, can anyone point this out for me???
  • #5,213
  • Oct 5, 2010 7:40am Oct 5, 2010 7:40am
Quoting NaughtyPip
Hi guys,

Im having problems distinguishing between shake outs and tests, can anyone point this out for me???
Test: Any down-move dipping into an area of previous selling (previous high volume level), which then regains to close on, or near the high, on lower volume, is a loud and clear indication to expect higher prices immediately. This is a successful test. Lower volume shows that the amount of trading that took place on the mark-down was reduced, that now there is little selling, when previously there had been selling. At this point, it is now important to see how the market makers and specialists respond to the apparent strength seen in the testing.

Shake-out: A shake-out can be defined as is a sudden wide spread down, usually on bad news. It is engineered to create panic selling, thus helping the transfer of stock back to the professional traders. This is usually seen after a bull move has been running for some time. You would expect higher prices after this event. A true selling climax looks the same as this shake-out does; the big difference is that on a selling climax you will have a Bear Market behind you.

That's from Master the Markets. Of course, there are high volume tests, but I don't think any test has a wide spread. Shake-outs have very high volume and are sudden, wide spread down bars in a bull market.

Don't know if you even need to know how a bar is called, just think what was done in that time and on what volume. For example, price went down say 20 pips rapidly on a 5m TF, and close was at the high of the bar, volume is high (relative to other bars). That would indicate SM was buying rather than selling. You can expect an up-bar after that.
  • #5,214
  • Oct 5, 2010 8:24am Oct 5, 2010 8:24am
Quoting NaughtyPip
Hey guys, here is entry to my first trade today, im a noob to vsa so please all critique welcome.
1) look at a 15 min with a hulls on ... you would not have been selling. I do not use 5 min charts anymore .. banged out 135 pip on an eu long last night

2) you forgot to looks at background study the move on a 15 / 30 min chart form the lows before frankie.

3) Look at overall picture of last 48 hours.... eu came down to test last weeks major resistance level 1,3670 , dropped a little under it in asia. This down move formed a bull flag... the chart below shows this and show the hulls green on a 30 = NO selling or if you do you risk being stopped out

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  • #5,215
  • Oct 5, 2010 8:37am Oct 5, 2010 8:37am
Quoting NaughtyPip
Hi guys,

Im having problems distinguishing between shake outs and tests, can anyone point this out for me???

do not get to caught up in the terms .. just understand what is going on

the one thing that nearly everyone is missing here still is vsa is all about background. Here is the GU long form asia... pretty easy to see the accumualtion , then you just wait for frankie shake out... simple

days range was 1.5911...1.5900 was my tp

between gu and eu longs last night I may be done on fx for week , as they were pretty well laid out trades form a vsa perspective.

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  • #5,216
  • Oct 5, 2010 11:33am Oct 5, 2010 11:33am
U/C long

Best,
Tom
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  • #5,217
  • Oct 5, 2010 11:56am Oct 5, 2010 11:56am
Quoting tfflyer
U/C long

Best,
Tom
nice trade Tom .. but do not spend to long .... uc in strong down trend channel on 60 min
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  • #5,218
  • Oct 5, 2010 12:19pm Oct 5, 2010 12:19pm
Quoting tfflyer
U/C long

Best,
Tom
nice one bro.. but I kinda agree with malc. Daily CS currently does not suggest a bullish move, but somehow, we are currently at the bottom of the range. Personally, I got in a abit late, ~10pips above yours, let's see how this daily close.
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  • #5,219
  • Oct 5, 2010 12:53pm Oct 5, 2010 12:53pm
After +18 now closed at BE.

Best,
Tom



Quoting tfflyer
U/C long

Best,
Tom
  • #5,220
  • Oct 5, 2010 1:31pm Oct 5, 2010 1:31pm
UC buy one more time.

Best,
Tom
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