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vsa with Malcolm

  • #5,521
  • Oct 20, 2010 12:40pm Oct 20, 2010 12:40pm
Quoting Petar_Serbia
Yea we will see,2 stoping volume give me clear up but we will se...



This is my eurjpy view >

Cheers

Petar
EURJPY extacly as i planed ...

TP1 and TP2 Hit

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: tpseurjpy.gif Size: 27 KB
"Buy on fear, sell on greed !!!
  • #5,522
  • Oct 20, 2010 1:04pm Oct 20, 2010 1:04pm
lol .. today was pomo day . Not sure how much they threw at markets , eu gu and es were buys as mentioned in a post yesterday. I was just hoping for a reatrce , but did get a few pips on gu and in eu since 1,3890.

Today was a sraight wake up , buy es off yesterdays close and stopping vol on a 10 min , close for 15 points. No reatrcement nothing .... insane !!

I will thrpow some charts up of these trades later . I was having a hard time just keepiung up with trading today and could not post
Blogging daily now at www.volume.zone
  • #5,523
  • Oct 20, 2010 1:04pm Oct 20, 2010 1:04pm
Quoting Petar_Serbia
Update >

GU as i expexted +140 pips on this pair...

Cheers

Petar
nice trade Petar .. keep them coming
Blogging daily now at www.volume.zone
  • #5,524
  • Oct 20, 2010 1:08pm Oct 20, 2010 1:08pm
Quoting malcolmb14
nice trade Petar .. keep them coming
Thanks mate,

As i said on one comment Forex is for me HUGE DISCIPLINE,nothing more...If you have DISCIPLINE you can expext otherwase you will loose 95 % cance...
"Buy on fear, sell on greed !!!
  • #5,525
  • Oct 20, 2010 2:46pm Oct 20, 2010 2:46pm
Hi Malcolm what is POMO - i assume it is government asset buying but not sure, also where can you find the timing and value of this asset buying if this is what it is - thank you
  • #5,526
  • Oct 20, 2010 3:06pm Oct 20, 2010 3:06pm
Permanent Open Market Operations

Quoting censura
Hi Malcolm what is POMO - i assume it is government asset buying but not sure, also where can you find the timing and value of this asset buying if this is what it is - thank you
  • #5,527
  • Oct 20, 2010 3:59pm Oct 20, 2010 3:59pm
Quoting censura
Hi Malcolm what is POMO - i assume it is government asset buying but not sure, also where can you find the timing and value of this asset buying if this is what it is - thank you

weak pomo today only 600 million so that had nothing to do with market rise.

The rise today had more to do with potential for feds to throw 500 billion qe2 at the markets. Other than the fact that 1 trillion is built in , this is the news we are seeing

reality is eu and gu could be going thru some form of distribution phase. ... a very wide sideways channel at top of wmarket that could last 2 weeks or even 2 months much like the top oin gu did earlier this year
Blogging daily now at www.volume.zone
  • #5,528
  • Oct 20, 2010 4:03pm Oct 20, 2010 4:03pm
That is sure... WITHOUT DISCIPLINE You are loooser in this game.

What i have learned is - " I can wait "

And in my mind this is big step forward.

I know very very VEEEEERY disciplined people in life.. i think 10 times disciplened than me.. BUT.. then comes one day and they just take such trades, which in normal circumstances they would not take...

As i read somewhere.. - You can have 100 profit trades in row, but there is enough with 1 undisciplined trade to take when there is no use of 100 profit trades in row..

Best,
Tom





Quoting Petar_Serbia
Thanks mate,

As i said on one comment Forex is for me HUGE DISCIPLINE,nothing more...If you have DISCIPLINE you can expext otherwase you will loose 95 % cance...
  • #5,529
  • Oct 20, 2010 4:13pm Oct 20, 2010 4:13pm
Really obvious setup on hourly and distribution like shapes on 4H.
Weakness evident but what made you stay into trade for more than 200 pips and not took profit before as you usually TP from 25 to 100 pips.
Could you define your exit criteria and why sometimes you declare hit & go and sometimes you leave trades as swings for many many pips.

Was it the case studying the weekly, so trade had to "pay" more as it was
validated by weekly TF? I never thought to study volumes on weekly..
I was just looking at it for patterns and levels. Never realized that a ND will pay soon or later or will limit the move's length.

I thought that vsa is not very adaptive to those TFs as LT fundamentals influence a lot..

Excellent Trade and call.. I think that Shamus is trying to protect his commercial interests and has to questioning others performance while you are trying to improve your skills , share with community and earn recognition that can be monetized in the future..

I hope your antagonism would be for vsa community's benefit..

Some will perceive you as a master & teacher and some as a very good trader. Keep going well.

We All thank you for your great contribution to knowledge.



Quoting malcolmb14
lol vsa top and then that fake out break out .... been watching this for 4 weeks

I mentioned weakness in gu in shamusus thread and all he did was scoff at me saying ... ' oh anyone can say that market is going to move 200 pip and several days later it did and now the real weakness plays out). I have been MUCH happier selling gu for 4 weeks now rather than buying

weekly futures chart 1

2nd chart hourly top

Attachment

Attachment
  • #5,530
  • Oct 20, 2010 4:22pm Oct 20, 2010 4:22pm
buying climax right at 1.3950 ..... can we expect to see a down day tomorrow ? is some form of channel setting up that gives 200 pip trades a day ?

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 130 KB
Blogging daily now at www.volume.zone
  • #5,531
  • Oct 20, 2010 4:25pm Oct 20, 2010 4:25pm
I do not want to give all my secrets away ... but weekly range had a lot to do with the reaosn for staying in trade

on gu I entred 1.5990 exited 1.5650

it was my single best trade this year with no dd and exited right on the low

Quoting cosmoras
Really obvious setup on hourly and distribution like shapes on 4H.
Weakness evident but what made you stay into trade for more than 200 pips and not took profit before as you usually TP from 25 to 100 pips.
Could you define your exit criteria and why sometimes you declare hit & go and sometimes you leave trades as swings for many many pips.

Was it the case studying the weekly, so trade had to "pay" more as it was
validated by weekly TF? I never thought to study volumes on weekly..
I was just looking at it for patterns and levels. Never realized...
Blogging daily now at www.volume.zone
  • #5,532
  • Oct 20, 2010 4:28pm Oct 20, 2010 4:28pm
Quoting malcolmb14
buying climax right at 1.3950 ..... can we expect to see a down day tomorrow ? is some form of channel setting up that gives 200 pip trades a day ?

Attachment
Let's assume, I'm in a long on your favorite pair UJ
SP drops heavily, USDX back to above 78 wil do, thank you
Don't be a hero. Don't have an ego. Always question yourself
  • #5,533
  • Oct 20, 2010 4:29pm Oct 20, 2010 4:29pm
Quoting malcolmb14
buying climax right at 1.3950 ..... can we expect to see a down day tomorrow ? is some form of channel setting up that gives 200 pip trades a day ?

Attachment
What setings do you have on the volume indictaor? I am using MT4 better volume but my chart does not look like that.
Today's zone = Tomorrow's opportunity!
  • #5,534
  • Oct 20, 2010 4:35pm Oct 20, 2010 4:35pm
Quoting malcolmb14
I do not want to give all my secrets away ... but weekly range had a lot to do with the reaosn for staying in trade

on gu I entred 1.5990 exited 1.5650

it was my single best trade this year with no dd and exited right on the low


WOW! Malcolmb, i am really glad to hear that you have made the 340 pips gained in your pocket now. How do you know the China raising its interest rate on that day which eventually triggered most of the major pair money market crumbled? Or you can see the tidal wave coming your way?
  • #5,535
  • Oct 20, 2010 5:07pm Oct 20, 2010 5:07pm
Quoting pres78
What setings do you have on the volume indictaor? I am using MT4 better volume but my chart does not look like that.

Everyone is using default settings on Better Volume 1.4 indicator ...nothing to change except color if someone wants to...
The Market pays you to be disciplined
  • #5,536
  • Oct 20, 2010 5:28pm Oct 20, 2010 5:28pm
Quoting mima
Everyone is using default settings on Better Volume 1.4 indicator ...nothing to change except color if someone wants to...
Yes thanks for the reply... I realized after he was looking at 1h and I was on 15m...
Today's zone = Tomorrow's opportunity!
  • #5,537
  • Oct 20, 2010 7:08pm Oct 20, 2010 7:08pm
Quoting ZenForex
WOW! Malcolmb, i am really glad to hear that you have made the 340 pips gained in your pocket now. How do you know the China raising its interest rate on that day which eventually triggered most of the major pair money market crumbled? Or you can see the tidal wave coming your way?
most news is built into the market .... for example yestrerday ES had huge buying at 1155. Today it had a high of 1180. News said markets up due to renewed optimism that qe2 of 500 billion will be aanouced in NOV... the news has no idea what is going on . Markets will do whatever markets want them to do. We just have to try and learn to react to them

The thing that tipped me to the down move on eu and gu was that up move in asia late last week. Moves like that do not happen for no reason . Low volume times are used to manipulate markets , up moves are typically bull traps and down moves bear traps. This is just form my experiecne in the markets.

as for today I am in a sell gu 1.5850 ... targeting .. who knows..lol

if that buying climax and sideways movement since on eu and gu is a sign of bad news to come ... it could be the gdp out of china tonight
Blogging daily now at www.volume.zone
  • #5,538
  • Oct 20, 2010 7:19pm Oct 20, 2010 7:19pm
chart showing that top on a 4 hour

do not forget we saw a no demand on weekly futures about 4 weeks back .... 1.5890 top , 250 pip movei n 3 weeks off the top of that in 3 weeks.

distribution like that is not designed for a mere 300 pip down move.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 110 KB







Quoting malcolmb14
most news is built into the market .... for example yestrerday ES had huge buying at 1155. Today it had a high of 1180. News said markets up due to renewed optimism that qe2 of 500 billion will be aanouced in NOV... the news has no idea what is going on . Markets will do whatever markets want them to do. We just have to try and learn to react to them

The thing that tipped me to the down move on eu and gu was that up move in asia late last week. Moves like that do not happen for no reason . Low volume times are used to manipulate markets , up...
Blogging daily now at www.volume.zone
  • #5,539
  • Oct 20, 2010 8:58pm Oct 20, 2010 8:58pm
Quoting malcolmb14
chart showing that top on a 4 hour

do not forget we saw a no demand on weekly futures about 4 weeks back .... 1.5890 top , 250 pip movei n 3 weeks off the top of that in 3 weeks.

distribution like that is not designed for a mere 300 pip down move.

Attachment
I might missing something...this ND marked on the chart is not ND per definition and is 10-14-10
The Market pays you to be disciplined
  • #5,540
  • Oct 20, 2010 9:24pm Oct 20, 2010 9:24pm
No Buying Pressure, isn't it? Volume is not too high, but spread is wide.

Quoting mima
I might missing something...this ND marked on the chart is not ND per definition and is 10-14-10
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