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vsa with Malcolm

  • #6,041
  • Nov 2, 2010 4:45am Nov 2, 2010 4:45am
Closed AU/GU longs right after last GU news, will reopen if price stabilize above 1.0/1.61. 1.0 is a huge level for Aussie btw, this is all time high and an absolutely round number
  • #6,042
  • Nov 2, 2010 4:58am Nov 2, 2010 4:58am
Btw can anyone (Malc?) post a 'bettervolume monitor' indi?
  • #6,043
  • Nov 2, 2010 5:10am Nov 2, 2010 5:10am
What's a bettervolume monitor?
  • #6,044
  • Nov 2, 2010 5:15am Nov 2, 2010 5:15am
Quoting hyh
Btw can anyone (Malc?) post a 'bettervolume monitor' indi?
It is already posted.
The Market pays you to be disciplined
  • #6,045
  • Nov 2, 2010 5:18am Nov 2, 2010 5:18am
Took some pips and ran away.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5_2010-11-02_2.png Size: 54 KB
  • #6,046
  • Nov 2, 2010 5:38am Nov 2, 2010 5:38am
Quoting mima
It is already posted.
Thank you for your help. God I love the '.' guys))
  • #6,047
  • Nov 2, 2010 5:43am Nov 2, 2010 5:43am
Quoting hyh
Thank you for your help. God I love the '.' guys))
You are welcome.
The Market pays you to be disciplined
  • #6,048
  • Edited 6:25am Nov 2, 2010 5:45am | Edited 6:25am
Quoting comapip
What's a bettervolume monitor?
This is it
  • #6,049
  • Nov 2, 2010 5:55am Nov 2, 2010 5:55am
Quoting hyh
This is it
no it's not it...there is 2.1 version
The Market pays you to be disciplined
  • #6,050
  • Edited 6:05am Nov 2, 2010 5:59am | Edited 6:05am
You marked on Your chart that there is decreasing volume on down move and You mentioned that SM is not interested in down move..

However, decreasing volume on down move doesn't mean many times lack of interest...

Because, for market to go down, SM only need to get out of market and market can fall by itself...without any increase in volume. ( ofcourse, not always )


However.. that all is written in T W book and is mentioned in video lessons...

Best,
T

Quoting comapip
Took some pips and ran away.
  • #6,051
  • Nov 2, 2010 6:54am Nov 2, 2010 6:54am
Quoting tfflyer
You marked on Your chart that there is decreasing volume on down move and You mentioned that SM is not interested in down move..

However, decreasing volume on down move doesn't mean many times lack of interest...

Because, for market to go down, SM only need to get out of market and market can fall by itself...without any increase in volume. ( ofcourse, not always )


However.. that all is written in T W book and is mentioned in video lessons...

Best,
T
So are you saying SM left the market?
  • #6,052
  • Nov 2, 2010 6:55am Nov 2, 2010 6:55am
I was commenting only "decrease vol on downmove - sm not interested.. "

B,
Tom

Quoting comapip
So are you saying SM left the market?
  • #6,053
  • Nov 2, 2010 7:53am Nov 2, 2010 7:53am
eu10 min shake out 1.3950 friday high , got me in looks like supply hitting market BUT days range not quiet done yet 4060 to 4080

wait for top to form on this.. if it does today

fomc tomorrow and mid terms today may make eu get marked up all way to 4160

playing it day by day

gu came off nicely on news and completed days range where we had stopping vol on a 15

there seems lot of supply hitting eu and gu though on this up move.
Blogging daily now at www.volume.zone
  • #6,054
  • Nov 2, 2010 8:03am Nov 2, 2010 8:03am
Mal,
Would you mind explaining how do you use the day's range in trading, Please it will help lot of folks like me.
Appreciate your help

Quoting malcolmb14
eu10 min shake out 1.3950 friday high , got me in looks like supply hitting market BUT days range not quiet done yet 4060 to 4080

wait for top to form on this.. if it does today

fomc tomorrow and mid terms today may make eu get marked up all way to 4160

playing it day by day

gu came off nicely on news and completed days range where we had stopping vol on a 15

there seems lot of supply hitting eu and gu though on this up move.
  • #6,055
  • Nov 2, 2010 8:06am Nov 2, 2010 8:06am
Quoting skyscraper
Mal,
Would you mind explaining how do you use the day's range in trading, Please it will help lot of folks like me.
Appreciate your help
works out last 21 days average ... that will give you av days range

then try and figure out if up day or down day .... eu is an up day today low of my charts since midnight my time is 3910 , add 150 pip = 4060

you also cannot just take that at face value as days range will completed only 70% of the time... use vsa to see if days range looks like it may come up shy .... ie the supply hitting eu right now may reverse it hard to the downside
Blogging daily now at www.volume.zone
  • #6,056
  • Nov 2, 2010 8:20am Nov 2, 2010 8:20am
malcolm does this up move confirm earlier posts were you mention a bull run up to the news.

could be smart money positioning?

for something they may already be informed about .

There is news about 1/2 billion being faded in , If this were anounced is it likely this pair goes higher.

This bull run makes me feel bearish given the manipulation that goes on.
making green pips large and red pips small this is my goal.
  • #6,057
  • Nov 2, 2010 10:36am Nov 2, 2010 10:36am
later i will post a chart of gu ....using my snagit , when i am home

it looks like a rounded top last 3 days with lots of signs of distribution

eu has major supply hitting it at 1.4030 area

I am looking at 2 hour and all that volume on eu and it has not even managed to do a 150 pip range day !!!!

yup still thinking tomorrow is sell the news scenario

my question is ....feds want to put in 500 billion of qe2 .. but if that new governement get in US ( lol not sure but read that one had very tight purse strings) then how r they going to get qe2 approved ?

mmm.......

when things change sometime things are put on hold till the change take effects .. they may use push qe2 back to next fomc

any way .. i am day trading and do not really care which way we go , but it is fun to see if we can see which way news takes things based on qe2 .

On assuie yesterday I ignored something very critical on the 30 min , saw it but paid it no attention

Quoting paul1
malcolm does this up move confirm earlier posts were you mention a bull run up to the news.

could be smart money positioning?

for something they may already be informed about .

There is news about 1/2 billion being faded in , If this were anounced is it likely this pair goes higher.

This bull run makes me feel bearish given the manipulation that goes on.
Blogging daily now at www.volume.zone
  • #6,058
  • Nov 2, 2010 10:48am Nov 2, 2010 10:48am
I will better chart later using tradeguider...but seems major distribution is present

even that up move off todays low got hit hard

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 119 KB
Blogging daily now at www.volume.zone
  • #6,059
  • Nov 2, 2010 11:14am Nov 2, 2010 11:14am
Dear Sirs/Mdms

I am just trying to find my way around of using volume/vsa study on USDJPY.

I know most of u here are very advanced in VSA, and I humbly seek tolerance and patience , and ur help with my novice questions .

Hope u could help me with my understanding of volume or vsa.

Thank you very much .

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

in the crude chart grap below ... i wonder how the volume played out with the ascending triangle with a minor breakout ...can give a 'x-ray' step by step of the 'anatomy' ?
Attached Image
  • #6,060
  • Nov 2, 2010 11:52am Nov 2, 2010 11:52am
you see the doji down bar about 2 bars before the breakout .. down squat bar on high volume = buyers ... that lead to the break out

Quoting TheArcher
Dear Sirs/Mdms

I am just trying to find my way around of using volume/vsa study on USDJPY.

I know most of u here are very advanced in VSA, and I humbly seek tolerance and patience , and ur help with my novice questions .

Hope u could help me with my understanding of volume or vsa.

Thank you very much .

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

in the crude chart grap below ... i wonder how the volume played out with the ascending triangle with a minor breakout ...can give a 'x-ray' step by step of the 'anatomy' ?
Blogging daily now at www.volume.zone
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