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vsa with Malcolm

  • #5,341
  • Oct 7, 2010 12:47pm Oct 7, 2010 12:47pm
Hey Malcolm,

Since you have better feed than me, could you post a chart showing today's volume on the DXY? I only use freestockcharts, which doesn't give accurate volume.

Thanks in advance.
  • #5,342
  • Oct 7, 2010 12:49pm Oct 7, 2010 12:49pm
i gave back my very precious 20 pips
  • #5,343
  • Oct 7, 2010 1:07pm Oct 7, 2010 1:07pm
Quoting malcolmb14
something cooking on gu ...

looks like distribution to me day before interest rates out of uk ,,, could have a down day tomorrow.

Attachment

cable no surprise really .. the frigging surprise for me was the 100 pip up move to grab all sellers stop before down move.
Blogging daily now at www.volume.zone
  • #5,344
  • Oct 7, 2010 1:30pm Oct 7, 2010 1:30pm
Quoting malcolmb14
cable no surprise really .. the frigging surprise for me was the 100 pip up move to grab all sellers stop before down move.
master, do you think this down move will continune ?

cheers...
  • #5,345
  • Edited 1:50pm Oct 7, 2010 1:49pm | Edited 1:50pm
Bruceli, could You please tell me why You ask Mals opinion about market direction ?

I am just interested, nothing more


Best,
Tom
  • #5,346
  • Oct 7, 2010 2:11pm Oct 7, 2010 2:11pm
Quoting tfflyer
Bruceli, could You please tell me why You ask Mals opinion about market direction ?

I am just interested, nothing more


Best,
Tom

lol I know why .... cause he / she loves buying at resistance and selling at support.

I am expecting 1.5900 area test on gu and then MAYBE sell down into 1.5780 in london ...but who knows in this market anything can happen
Blogging daily now at www.volume.zone
  • #5,347
  • Oct 7, 2010 2:54pm Oct 7, 2010 2:54pm
Just in case anyone trades gold...

Previous candle, stopping volume - small candle/bar with high volume

Todays candle, upthrust with high volume...

Comments are welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 97 KB
Trade Smart
  • #5,348
  • Oct 7, 2010 2:59pm Oct 7, 2010 2:59pm
Quoting Osman
Just in case anyone trades gold...

Previous candle, stopping volume - small candle/bar with high volume

Todays candle, upthrust with high volume...

Comments are welcomed.
LOL, that's why I asked Malcolm about the DXY's vol. I been looking to short gold for a bit now, and high vol on the DX buy side would help with decision support.

I'm still flat gold (and not a VSA follower, but I appreciate what Malcolm's done here).
  • #5,349
  • Oct 7, 2010 3:59pm Oct 7, 2010 3:59pm
Quoting tfflyer
Bruceli, could You please tell me why You ask Mals opinion about market direction ?

I am just interested, nothing more


Best,
Tom
ok then, let me explain...

to be honest, actually it was not related about the direction.. i have left my computer about 1 hour, and when came back, i saw it decreased from 1,5930s to 1,5860s, i bought immediately for some 10 pips.. because it has already decreased more than 60-70 pips, and it should bounce from 5860s.. and just after i ve seen -30 pips, and i felt very bad...

170 pips all decreased from top, and i felt it should bounce..

everything seemed collapsed, i thought very bad options.. it might go 100 pips down more, i thought... and after london, frankurt close, such down move seemed very strange...

so, i felt so desparete... i didnt know what to do .. and he is one of my teacher

intel, hiddengap are lost in the meantime...

so, let me follow you guys....

thanx for the sharing...

cheers..
  • #5,350
  • Oct 7, 2010 4:16pm Oct 7, 2010 4:16pm
i dont know how reliable all these volumes...

one of them from demo of futures, and other from demo of dukas..

very different volumes...

cheers...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spot.daily.GU.dukas.jpg Size: 171 KB
Click to Enlarge Name: futures.daily.gu.jpg Size: 168 KB
  • #5,351
  • Edited 6:19pm Oct 7, 2010 4:47pm | Edited 6:19pm
FORGET to take any trade based on what You wrote ( i bolded it in red )

"I have been there and i think 99.9 % of US has been there..."

Forget it forever.

AND Don't expect anything else as just Your risk till You haven't tooked Your trade off the table with profit.

You will ask - why....

You have answered it already - You can see what market brings to You when You expect something..

Ok, there will bee 100 +1 people who will ask:

"Alright Tom, but when we take trade, don't we expect to go in our way ? "

No.
And then You will say - madness.. how You can trade if You are not expecting profit...?
And i will answer - Because 95 % people are expecting profit and taking trades expecting that market will go in their direction...

BUT, if all others would expect loses and think about it much more than expecting winners, than they would be quite good traders, i think..

etc etc etc...

I will not argue with anyone about what i wrote, if You want, You can do with others, i just wrote my view what i have got from reading and looking some videos about traders.

Everyone has different view, so, i am not saying mine is right.. So, no problem

Happy trading.

Best,
Tom





Quoting bruceli
ok then, let me explain...
.............i saw it decreased from 1,5930s to 1,5860s,

i bought immediately for some 10 pips.. because it has already decreased more than 60-70 pips, and it should bounce from 5860s..

and just after i ve seen -30 pips, and i felt very bad...

170 pips all decreased from top, and i felt it should bounce..

....

cheers..
  • #5,352
  • Oct 7, 2010 6:12pm Oct 7, 2010 6:12pm
Quoting bruceli
i saw it decreased from 1,5930s to 1,5860s, i bought immediately for some 10 pips.. because it has already decreased more than 60-70 pips, and it should bounce from 5860s.. and just after i ve seen -30 pips, and i felt very bad...

170 pips all decreased from top, and i felt it should bounce..

everything seemed collapsed, i thought very bad options.. it might go 100 pips down more, i thought... and after london, frankurt close, such down move seemed very strange...

so, i felt so desparete... i didnt know what to do ..
Tom has answered it quite well.
Don't buy/sell over hope... don't hang-on to a trade based on hope, either!

Stops, stops, stops... always use stops!
Whether it's a fixed number of pips, or one chosen above/below a previous swing, it doesn't matter that much - the essential thing is to have one!

And once it gets filled, don't chase the trade, take a pause and then re-evaluate the situation... or simply come back tomorrow.


Quoting tfflyer
AND Don't expect anything else as just Your risk till You haven't tooked Your trade off the table with profit.

You will ask - why....

You have answered it already - You can see what brings when You expect something..

Ok, there will bee 100 +1 people who will ask:

"Alright Tom, but when we take trade, don't we expect to go in our way ? "

No. And then You will say - madness.. how You can trade if You are not...
Wise words, Tom... always expect to take a loss, until the trade is actually closed with a profit.
  • #5,353
  • Oct 7, 2010 9:38pm Oct 7, 2010 9:38pm
not sure if I am seeing weakness today or test.

This is ddm bull etf on dj. Yesterday for sure was a no demand

Attached Image (click to enlarge)
Click to Enlarge Name: chart3030.png Size: 229 KB
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  • #5,354
  • Oct 7, 2010 9:45pm Oct 7, 2010 9:45pm
60 min weakness on gs ...

I have this odd feeling nfp going to be nfg

Attached Image (click to enlarge)
Click to Enlarge Name: chart3031.png Size: 199 KB
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  • #5,355
  • Oct 7, 2010 9:50pm Oct 7, 2010 9:50pm
interesting little push up here out of nowhere in asia.... could have tilted their hand to me
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  • #5,356
  • Oct 7, 2010 10:48pm Oct 7, 2010 10:48pm
My 15th VSA Trade (Live).

Executed Order.
EUR/USD - Long
Date: 6-Oct-10
Time: Alpari 16:45
Entry: 1.3896
Initial SL: 1.3866 (-30 pips) (Near Recent Buyers Low )
Initial TP: 1.3926 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Did not want to enter in range of 1.3820 to 1.3880.
Background Strength. 3 Buyers with Long DownTail. Squat/SpringBoard.
Unsure of this actual term Squat.
I call this Squat as not NS and not ND.
This Squat Tail bounced off previous Resistance 1.3880, now breakout entry.
Enter on break High of this Squat.
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).
Actual Exit (long DodgerBlue horizontal line).

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

Final Result.
The above order hit SL: 1.3896 ( BreakEven 0 pips).

** Please comment on analysis.

Trade Management:
- Entry here is different to last few of my VSA trades.
- Think my previous VSA entries have been a bit too early, so this trade wait longer to enter.
- Wait for a break of range between 1.3820 and 1.3880. Did not want to trade while in this range.
- The Squat here acts like a SpringBoard.
- It actually hit my initial TP 1.3926 ( +30pips) within 3 bars of entry on M15.
- However, here as soon as I saw the price moved up within 1 bar after entry, I put SL to BreakEven.
- Then I choose to remove TP.
- Next day on 7-Oct it hit a high of 1.4029. I was not at computer whole day.
- Then price went down and eventually trade exit at BreakEven 1.3896.
- I still feel happy with this BE. Of course would be happier if I took it at a profit.
- This probably sound strange that I feel good at BE, perhaps too many previous loss trades.
- And also happy as this trade actually went according to my analysis of entry, just did not know the exit.
- Now still taking only 1-lot, as have not get the hang of profitable trades. If took 2-lots, then I would have take at least 1-lot at initial TP.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-06_VSA_Exit15_EURUSD_M15_Long.jpg Size: 170 KB
  • #5,357
  • Oct 7, 2010 11:35pm Oct 7, 2010 11:35pm
Quoting malcolmb14
interesting little push up here out of nowhere in asia.... could have tilted their hand to me

Hi mal

Does this dollar index chart show huge volumes of buyers on 60 mins? Pl comment.

Balaji
Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 7 KB
  • #5,358
  • Oct 7, 2010 11:50pm Oct 7, 2010 11:50pm
Quoting balajis
Hi mal

Does this dollar index chart show huge volumes of buyers on 60 mins? Pl comment.

Balaji

yes large volume on testing 77.2 area on a 4 hr. I am expecting eu and gu to drop tomorrow

if you look at eu and gu we hve potential bear flags on 15 min.

eu is sell zone 1.3970 to 1.4000
gu is sell zone 1.5890 to 1.5910
targets 150 pip on each

again this is not a trade calls only what i am looking for , confirmed with vsa only
Blogging daily now at www.volume.zone
  • #5,359
  • Oct 8, 2010 12:50am Oct 8, 2010 12:50am
Could anyone please recommend a good Futures broker for a demo account. I want to track Euro futures against EU FX spot market pa. Just thinking the more info the better in finding the real market move.

Thanks,
John
  • #5,360
  • Oct 8, 2010 2:13am Oct 8, 2010 2:13am
i dont know whether we can say it is a stop vol... the last formed bar with corresponding higher volume than previous more than 10 bars.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.Dollar.index.volumes.jpg Size: 183 KB
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