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vsa with Malcolm

  • #5,461
  • Oct 17, 2010 6:06am Oct 17, 2010 6:06am
Quoting TheArcher
what is that "moving average" line that changes colour in ur charts ?

i know the template is somewhere in here , but i want to know what MA that is .... is it just a simple MA that changes colour in combination with some other "indicator" crossings ....?

if so , what is the parameter of that MA and what is the other "indicator" and what is its parameter ...

or is it something completely different .. ?

thank you .
.
  • #5,462
  • Oct 17, 2010 6:53am Oct 17, 2010 6:53am
Quoting TheArcher
was just eyeballing the above chart of Petar_Serbia .....

don't laugh .. i am trying to say it in my own way to get to the bottom of this concept ...

can i say:

1) that...
Hello Archer,

Look i base trade on these things >

First i love to see Stoping Volume,or Ulta High volume
Second i love to see that Volume i mentonied ocur on strong trendlines,chanels
Third i always check some majory formation Double Top,HSS,Dobule BB...
Fourth i trade just in strong Trading Ses that mean From Lon op till Lon close

In your question about time in on your charts,that depend what frame you trade.In my exp the best frame to trade are Intraday frames M15,M30 but if you dont have time to trade Intra frames you can improve trading on larger Like H1,H4 or Maybe Daily...

Hope i help you


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #5,463
  • Oct 17, 2010 8:49am Oct 17, 2010 8:49am
Quoting Petar_Serbia
Hello Archer,

Look i base trade on these things >

First i love to see Stoping Volume,or Ulta High volume
Second i love to see that Volume i mentonied ocur on strong trendlines,chanels
Third i always check some majory formation Double Top,HSS,Dobule BB...
Fourth i trade just in strong Trading Ses that mean From Lon op till Lon close


Petar
Thank you very much for sharing on how u read the volume for trading . I will definitely keep ur bullet points in mind when reading my charts from now on .



------------

actually i was addressing my questions to malcomb14 and others who have an "helicopter view" of the VSA method and if they could shine some light on my understanding.

here it is again :

http://www.forexfactory.com/showpost...postcount=5456
  • #5,464
  • Oct 18, 2010 3:34am Oct 18, 2010 3:34am
EU will be watching 1.38. Don't know about GU. Both seem to have some buying going on. But I'm not going to trade today because the trend is not yet confirmed for me. And it's Monday. And so far there are not enough reasons to be a complete bear.

Oh and happy lower leverage day everybody! For those with US brokers at least.
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  • #5,465
  • Oct 18, 2010 7:43am Oct 18, 2010 7:43am
potential sellers eu but i want to see support 1,3880 taken out with test of london lows

that testing in area of 1.3880 could show an up move to 1.3950 / 1.4

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Blogging daily now at www.volume.zone
  • #5,466
  • Oct 18, 2010 8:59am Oct 18, 2010 8:59am
Quoting malcolmb14
potential sellers eu but i want to see support 1,3880 taken out with test of london lows

that testing in area of 1.3880 could show an up move to 1.3950 / 1.4

Attachment
that testing was great showing the up move to complete days range at 1,3960.

seems eu may want to test 1.4000 or higher again
Blogging daily now at www.volume.zone
  • #5,467
  • Oct 18, 2010 1:59pm Oct 18, 2010 1:59pm
best trade set ups are in europe for sure and now adays asia session is my best sesion to trade fx ...

POMO is the culprit .... next one wednesday. So on pomo days look to buy eu on dips lol

http://www.zerohedge.com/article/mas...on-pomo-closes
Blogging daily now at www.volume.zone
  • #5,468
  • Oct 18, 2010 8:37pm Oct 18, 2010 8:37pm
Darned, got to my charts too late to catch a a couple of gorgeous double top upthrust rejections @ 1.594 on GU and 1.4. The downside is calling. And if nothing else yesterday's lows should be tested during London.
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  • #5,469
  • Oct 18, 2010 10:34pm Oct 18, 2010 10:34pm
Here's a great read on where the market is currently at. These guys offer insightful daily commentary and are a good read to summarize what happened in the major sessions. And, it's right in line with Malcolm's writings on the ever increasing elements of craziness that are underway out there ... am including just a few excerpts below - is also a good level headed summary on the meaning of POMO; read the full commentary here: http://seekingalpha.com/instablog/29...-one-mile-wide

USD Fed Debt Goes Two Miles High and One Mile Wide

Ramp-up Monday reigned supreme, with equity values holding support thanks to the largest Fed POMO that market traders have seen so far. ...

With Bennie and the Ink-Jets in full swing printing dollars the equity and commodity markets have been free to ramp higher, on the understanding that whenever the Fed comes to market with Permanent Open Market Operations (POMO) once every few days, the equity and commodity markets get a cash infusion from the monetization of freshly printed dollar-based notes.

Forget the fact that insider selling in company stock trade is 2000-to-1 in favor of the sellers, forget the fact that record redemptions from Mutual Funds have been seen as retail investors move away from flash-crash trading environments, ignore the fact that although already swimming in a sea of crude the price of oil has escalated with no global growth of note, and it becomes apparent that something unique is happening.

The Monday Treasury auction monetized 6.3 BILIION dollars of notes. ... The moves have expanded the Fed balance sheet to over $830 Billion, or $830,000,000,000.00, or a stack of one dollar bills 9660 feet tall, 4140 feet wide, and 4140 feet deep ...

If anything other than $100B a month, for the next 12 months is revealed, the implosion could be huge, and could make the recent sub-prime and credit crisis reaction look like a ripple making its way across a mill pond ...

  • #5,470
  • Oct 18, 2010 11:09pm Oct 18, 2010 11:09pm
Thanks for the links to TheLFB, how did you find them? Looks like they are a great source of common sense information. Thanks!!!
  • #5,471
  • Oct 18, 2010 11:14pm Oct 18, 2010 11:14pm
Quoting Jimmy Jono
Thanks for the links to TheLFB, how did you find them? Looks like they are a great source of common sense information. Thanks!!!
NP. They're just part of my regular daily readings. Bookmark their 'home' page on SeekingAlpha; you can subscribe to them too & get it in your e-mail. http://seekingalpha.com/author/the-l...log/full_index

They'd also been posting video reviews intermittently - there's one just placed up there. They are just as and more insightful -it's all a great way to learn the fundamentals that drive the markets, and then defer to the chart technicals on what will potentially go where and how far. The fellow who scribes most of their content Marco Hague, is a BoE veteran, and has been on the inside. His trading time/experience alone speaks volumes and he shares a tremendous amount of insight.
  • #5,472
  • Oct 19, 2010 3:44am Oct 19, 2010 3:44am
How long do you guys anticipate this range play in EU (1.38 - 1.4) to continue playing out and do you see any more testing above 1.4?

Obviously they'll want as many "weaks" out as possible if longer term they want to go South, blatant "stop hunter" in early Tokyo last night...
  • #5,473
  • Oct 19, 2010 4:16am Oct 19, 2010 4:16am
Which Stocks do You prefer to follow and why ?


Thanks for comments.

Best,
Tom
  • #5,474
  • Oct 19, 2010 4:48am Oct 19, 2010 4:48am
Deceptive VSA PA here IMO - showing bottoms forming & stopping volumes BUT it's not enough. Note also GU's movement mirrors the strength & retracing of the USD - you can see it in USDJPY - when USD goes up, the market is selling everything else, and vice versa. Sterling PA just doesn't seem to reflect any notable interest - big selling volume on spot & futures. 1.5836 has turned resistance. 1.58 will hold for a bit. If USDJPY makes a break upwards GU & EU are going down.

Looking for <1.58 and weekly support at 1.578 & a retest of 1.5740 TL before an attempt to drive up. That breaks, and we're going much lower.

Overall, I am bearish on sterling - BoE's rates are rock bottom - they will need to stimulate the economy, and they have not hesitated in rolling out QE previously - prior to the USA: they beat them to the punch by 2 weeks on March 6/2009 - and they have that as their sole option. So, if Nov 3 is the US date this go round, tomorrow for a QE announce by UK would be expected. If they wait another 30 days, that's half of the important Q4 already gone and thus no effect from QE, and then further "hell, what do we do now" in January/February. Combined with having lower interest rates in the UK compared to Europe, a weak pound is on the horizon IMO.
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  • #5,475
  • Oct 19, 2010 4:59am Oct 19, 2010 4:59am
Quoting Beljevina
Deceptive VSA PA here IMO - showing bottoms forming & stopping volumes BUT it's not enough. Note also GU's movement mirrors the strength & retracing of the USD - you can see it in USDJPY - when USD goes up, the market is selling everything else, and vice versa. Sterling PA just doesn't seem to reflect any notable interest - big selling volume on spot & futures. 1.5836 has...
Nice looking MT4 trend arrows you have there B...
  • #5,476
  • Oct 19, 2010 5:15am Oct 19, 2010 5:15am
Quoting FibbinArchie
Nice looking MT4 trend arrows you have there B...
Thx. I haven't really learned to trust them ... I actually like the TLs I draw in for strategic entries and confirmation of trend intactness. Attached is the blue/red 'Megatrend' indi and the arrows are the 'supernova' one.

I see GU also broke below 1.58 as expected. 1.578 doesn't look like it will hold, so still gunning for 1.574. Note how everything works in symphony: USDJPY shot up. Sure, UK CBI business optimism for October coming in much weaker at 2 vs expected 8 (10 last go round) is driving it. Here's a M15 version of the same chart.
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Attached File(s)
File Type: mq4 supernova tc version.mq4   8 KB | 585 downloads
File Type: mq4 Mega trend.mq4   4 KB | 544 downloads
  • #5,477
  • Oct 19, 2010 5:18am Oct 19, 2010 5:18am
Quoting Beljevina
Thx. I haven't really learned to trust them ... I actually like the TLs I draw in for strategic entries and confirmation of trend intactness. Attached is the blue/red 'Megatrend' indi and the arrows are the 'supernova' one.

I see GU also broke below 1.58 as expected. 1.578 doesn't look like it will hold, so still gunning for 1.574. Note how everything works in symphony: USDJPY shot up. Sure, UK CBI business optimism for October coming in much weaker at 2 vs expected 8 (10 last go round) is driving it. Here's a M15 version of the same chart.
Thanks B, do you use the Williams "Playing Field" approach?
  • #5,478
  • Oct 19, 2010 5:20am Oct 19, 2010 5:20am
Quoting FibbinArchie
Thanks B, do you use the Williams "Playing Field" approach?
Given I have no idea what that is, I can't say if I use it. Sorry.
  • #5,479
  • Oct 19, 2010 5:24am Oct 19, 2010 5:24am
Quoting Beljevina
Given I have no idea what that is, I can't say if I use it. Sorry.
Basically channel lines...

Looks like we have some movement, I took the chance to add to my UJ long at 81.13, it's starting to look like a good decision...
  • #5,480
  • Oct 19, 2010 5:32am Oct 19, 2010 5:32am
Quoting FibbinArchie
Basically channel lines...

Looks like we have some movement, I took the chance to add to my UJ long at 81.13, it's starting to look like a good decision...
In that case, yes, I use them extensively - after thousands of hours you get kinda good at which pair is going to go to which funky channel or trend line - if nothing else, it helps keep my SLs really tight.

Yes, USDJPY is looking promising - didn't think it would get back to 81.55 so soon - might be a failed test to go up for now. BUT, I'm thinking US equities are going to have a downer day on the heels of Apple & I believe a non-POMO session - that should give wind to the USD. (Which should drive down or at least keep down our unloved GBPUSD) That 81.3 bounce is a promising sign.
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