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vsa with Malcolm

  • #5,921
  • Oct 29, 2010 7:23am Oct 29, 2010 7:23am
I really hope so Mal, I have a free ride.
  • #5,922
  • Oct 29, 2010 7:30am Oct 29, 2010 7:30am
Quoting malcolmb14
15 Strong selling off 3860 area x 2 .... looks like gdp take her down
last 15 dowqn storng buyer
60 min previals
Blogging daily now at www.volume.zone
  • #5,923
  • Oct 29, 2010 7:32am Oct 29, 2010 7:32am
Zero pips.
  • #5,924
  • Oct 29, 2010 7:36am Oct 29, 2010 7:36am
Uh oh, sellers coming baaack!
  • #5,925
  • Oct 29, 2010 7:42am Oct 29, 2010 7:42am
Quoting comapip
Uh oh, sellers coming baaack!
could be....

but wait for reaction candle closing on highs on 15
Blogging daily now at www.volume.zone
  • #5,926
  • Oct 29, 2010 7:55am Oct 29, 2010 7:55am
.

Inserted Video
  • #5,927
  • Oct 29, 2010 7:59am Oct 29, 2010 7:59am
Wow could be quite a bullish end of the week. 4H is looking quite nice. On smaller TFs I definitely see selling, but price keeps slowly climbing. Sooo up we go for now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h4_2010-10-29.png Size: 59 KB
  • #5,928
  • Oct 29, 2010 9:12am Oct 29, 2010 9:12am
Quoting malcolmb14
60 min stopping volume off London lows...

look for any tests 1,3840 to 3830 area for long entry target 3920 to 3940
Cha Ching
  • #5,929
  • Oct 29, 2010 9:16am Oct 29, 2010 9:16am
Quoting Sonofsin5
Cha Ching


$$$$$$$ ... tested vwap to the pip...

love vsa
Blogging daily now at www.volume.zone
  • #5,930
  • Oct 29, 2010 9:33am Oct 29, 2010 9:33am
I see only high volume up bars on EU. What does that mean ? Volume on down bars is much smaller
  • #5,931
  • Oct 29, 2010 9:54am Oct 29, 2010 9:54am
all up moves into 3920 being sold into ...heavy on the 30 min charts

this is distribution.

Thinking more and more that Tuesday we start a real down move 1.3500 to 1.33 on eu
Blogging daily now at www.volume.zone
  • #5,932
  • Oct 29, 2010 10:04am Oct 29, 2010 10:04am
so u think it is good idea to study VSA even if my volume provider is MT4 broker?
I think this volume is reliable only on smaller tfs but daily and weekly is not.
  • #5,933
  • Oct 29, 2010 10:16am Oct 29, 2010 10:16am
Quoting malcolmb14
all up moves into 3920 being sold into ...heavy on the 30 min charts

this is distribution.

Thinking more and more that Tuesday we start a real down move 1.3500 to 1.33 on eu
Hi Malc,

As usual, the information you provide is extremely valuable, keep it coming!!

Referring to one of your comments earlier this week, do you think its still possible we see a run-up to about 1.400 - 1.420 (or maybe even 1.4060) to catch more weak longs before Tuesday?

-tg
Change is the only constant
  • #5,934
  • Oct 29, 2010 10:17am Oct 29, 2010 10:17am
Quoting malcolmb14
all up moves into 3920 being sold into ...heavy on the 30 min charts

this is distribution.

Thinking more and more that Tuesday we start a real down move 1.3500 to 1.33 on eu
seeing ND bar on Cable M5 after high volume bar. Short 1.6
  • #5,935
  • Oct 29, 2010 10:18am Oct 29, 2010 10:18am
Quoting alter
so u think it is good idea to study VSA even if my volume provider is MT4 broker?
I think this volume is reliable only on smaller tfs but daily and weekly is not.

FXCM MT4 demo account looks pretty similar to eSignal
  • #5,936
  • Oct 29, 2010 10:25am Oct 29, 2010 10:25am
Quoting lexazver
FXCM MT4 demo account looks pretty similar to eSignal
I use fxpro MT4 , is it worse?
  • #5,937
  • Oct 29, 2010 10:33am Oct 29, 2010 10:33am
Quoting alter
I use fxpro MT4 , is it worse?

No idea mate mine just says FXCM demo , and comparing GU volume to what Malcolmb's eSignal gives almost identical picture (95% of the times) could this be the end of the road for pound??? Went short at 1.6009 with stop at 27, the rise today has been on relatively low volumes so im very weary of this rise...

Edit : I know the stop is tight but tempted to just close the platform and return in 2 weeks time ))
  • #5,938
  • Oct 29, 2010 10:33am Oct 29, 2010 10:33am
Quoting alter
so u think it is good idea to study VSA even if my volume provider is MT4 broker?
I think this volume is reliable only on smaller tfs but daily and weekly is not.
The majority of traders here are using their broker's volume and it works quite well.

Bear in mind volume is only one-third of the assessment criteria, with the range of the bar and closing price being the other two criteria. And as Malcolm will repeat, you read the background by putting them together, and one can do quite well.

In addition to studying this Malcolm thread, don't forget the Shamus started thread over in the commercial forum, search out HiddenGap's fantastic postings, and read & view the tons of VSA training material.

I see you're asking re volume for FxPro - I have a demo account with them and notice the volume to be quite good; you're looking for volume distinction between bars on upthrusts as pointed out by the BetterVolume indicator, tests, etc, and significant trading quantity visible, which is of course dependent on their liquidity provider. I'm also a huge fan of the TOS platform with the learning signals it can provide (via futures only though). Info on it here & here.

Oh, and you asked re daily & weekly volumes ... you won't be making any significant use of that view ... it's the entry and exit points on M2 to H1 charts where VSA usefulness primarily resides.
  • #5,939
  • Oct 29, 2010 11:39am Oct 29, 2010 11:39am
there is qe starting with 500 billion malc what would you expect from this news

Do you think i could put the better volume indicator on ninjatrader platform.?

If so could you point me in the direction of some instructions to put it on my graph.

Thankyou all
making green pips large and red pips small this is my goal.
  • #5,940
  • Oct 29, 2010 1:13pm Oct 29, 2010 1:13pm
Quoting paul1
there is qe starting with 500 billion malc what would you expect from this news

Do you think i could put the better volume indicator on ninjatrader platform.?

If so could you point me in the direction of some instructions to put it on my graph.

Thankyou all
where did you see this news /
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