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vsa with Malcolm

  • #6,061
  • Nov 2, 2010 12:34pm Nov 2, 2010 12:34pm
Quoting malcolmb14
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
Thank you veryy much .

red doji bar is down squat bar ?

on the chart below ,is pink line 1 the doji ur referred ?

what is happening at the declining volume as in pink line 2 ?

how will it play out from now on ?
Attached Image
  • #6,062
  • Nov 2, 2010 12:39pm Nov 2, 2010 12:39pm
Quoting TheArcher
Thank you veryy much .

on the chart below ,is pink line 1 the doji ur referred ?

what is happening at the declining volume as in pink line 2 ?

how will it play out from now on ?
looks like uj take off..

on the top there that down bar had a lot of volume to ... next bar move alittle low but closed way off lows

almost looksl ike uj is accumulating
Blogging daily now at www.volume.zone
  • #6,063
  • Nov 2, 2010 12:39pm Nov 2, 2010 12:39pm
Here is some signs in UY
But I don`t know about future, really strange.
Attached Image (click to enlarge)
Click to Enlarge Name: uy h1.jpg Size: 112 KB
  • #6,064
  • Nov 2, 2010 1:03pm Nov 2, 2010 1:03pm
Quoting malcolmb14
looks like uj take off..

on the top there that down bar had a lot of volume to ... next bar move alittle low but closed way off lows

almost looksl ike uj is accumulating
does it mean that if volume drops , accumulation is taking place ?

the volume on ur 'super-charged' chart and the volume on the very basic free dukascopy chart above ... are they 'quality-wise' exactly the same (never mind the numbers ) ?
  • #6,065
  • Nov 2, 2010 1:07pm Nov 2, 2010 1:07pm
Quoting TheArcher
does it mean that if volume drops , accumulation is taking place ?

the volume on ur 'super-charged' chart and the volume on the very basic free dukascopy chart above ... are they 'quality-wise' exactly the same (never mind the numbers ) ?


hey

the last 3-4 bars on your chart .. are also legit *Test-Bars* .. as the volume is
decreasing .. but the lows .. of the bars are always .. in the areas of previous high volume areas.. means that now there is not much trading on the down side..

wich is actually a sign of strenght ..

cheerz
  • #6,066
  • Nov 2, 2010 1:13pm Nov 2, 2010 1:13pm
Quoting juhanimi
Here is some signs in UY
But I don`t know about future, really strange.
i am very confused with ur " no demand ,no buyers " .... "no supply, no sellers " with reference to the declining volume on the chart ...
  • #6,067
  • Nov 2, 2010 1:21pm Nov 2, 2010 1:21pm
Me 2 Archer, me 2.
  • #6,068
  • Nov 2, 2010 1:27pm Nov 2, 2010 1:27pm
hey Guys i know this is a forex thread but i just wanted to post something about the dow jones.

I also would like some advice on the two bars labbelled in red as opposed to black on my chart, hopefully you can see what im thinking by my annotated chart.

I think the DJ definatly has weakness there however the 10100 area is almost acting as suuport (its where we broke down around 6th of may) and the 11260 could as act as resistance as its an old top.

We could see a reatrace to 10630 area as its a Hv area.

btw i havent read the thread the last few days, hope someone hasnt already posted this.
Attached Image (click to enlarge)
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  • #6,069
  • Nov 2, 2010 1:40pm Nov 2, 2010 1:40pm
Quoting TheArcher
i am very confused with ur " no demand ,no buyers " .... "no supply, no sellers " with reference to the declining volume on the chart ...
err .. i meant that i don't understand the deinition of the above statements ... not that i can read the charts with those definition and agree with ur analysis ...in ur chart i notice a fall in the volume on both areas but why is one called this and the other called that ...

... think of me as a child just starting of with the alphabets of volume/vsa ... i still haven't grasped the letter "A" ...
  • #6,070
  • Nov 2, 2010 2:01pm Nov 2, 2010 2:01pm
Okey TeaTrader, I`ll give a try.

That is a daily chart, so maybe first one was so heavy volume, because there was some supply left and they bought everything in one day.
But usually I would take that as a really weak candle, but have to wait confirmation anyway.

Second was possible buying, try to put horisontal line from open to that candle and you see, there is one no supply, it is like testing that level and shakeout with those 2 bars and buying here in the end, so even if this closes as ND it can go up, because often the first candle looks like ND.
But, price has been over that level where that candle open is, only that what looks like shakeout (or bottom reversal) to me is under that level.
If I am wrong, sell when it breaks ND and target is that old top, where was that first candle.
  • #6,071
  • Nov 2, 2010 2:04pm Nov 2, 2010 2:04pm
I have been looking at that weakness also BUT it seem fed liquidity keeping the market alive ...

It could move up some yet before what is causing that weakness plays out ? euro issues ?

Quoting Tea_trader
hey Guys i know this is a forex thread but i just wanted to post something about the dow jones.

I also would like some advice on the two bars labbelled in red as opposed to black on my chart, hopefully you can see what im thinking by my annotated chart.

I think the DJ definatly has weakness there however the 10100 area is almost acting as suuport (its where we broke down around 6th of may) and the 11260 could as act as resistance as its an old top.

We could see a reatrace to 10630 area as its a Hv area.

btw i havent read the thread the last...
Blogging daily now at www.volume.zone
  • #6,072
  • Nov 2, 2010 3:50pm Nov 2, 2010 3:50pm
Quoting TheArcher
... think of me as a child just starting of with the alphabets of volume/vsa ... i still haven't grasped the letter "A" ...
In that case, I would probably suggest starting by the base and basic stuff...
Like especially the recommended book, but also this and the other vsa threads
  • #6,073
  • Nov 2, 2010 5:00pm Nov 2, 2010 5:00pm
Hey juhanimi,

to be honest under 'normal' circumstances i would regard it as stregth as its a down bar...however all that vol and the chart has made little upward progress. so im guessing someone was 'capping' the bar!

im expecting either some more weakness around 10920 area for strength around 11260, be intresting to see what plays out....then again we could see rapid price movement through those areas!

Quoting malcolmb14
I have been looking at that weakness also BUT it seem fed liquidity keeping the market alive ...

It could move up some yet before what is causing that weakness plays out ? euro issues ?
Hey Mal, if you dont mind where do you get your news from? im trying to find a 'reliable' source of news as cnbc spouts the same old crap all day everyday!
  • #6,074
  • Nov 2, 2010 5:25pm Nov 2, 2010 5:25pm
all I know about is when POMO comes out lol ...

and when news comes out ... I use forexfactory for that

Other than that news is bs designed to move markets

BUt ransquawk is pretty good

Quoting Tea_trader
Hey juhanimi,

to be honest under 'normal' circumstances i would regard it as stregth as its a down bar...however all that vol and the chart has made little upward progress. so im guessing someone was 'capping' the bar!

im expecting either some more weakness around 10920 area for strength around 11260, be intresting to see what plays out....then again we could see rapid price movement through those areas!



Hey Mal, if you dont mind where do you get your news from? im trying to find a 'reliable' source of news as cnbc spouts the same old...
Blogging daily now at www.volume.zone
  • #6,075
  • Nov 2, 2010 5:39pm Nov 2, 2010 5:39pm
Malcom could you elaborate a bit more about what you missed on the aussie 30 min chart, thanks Peter
  • #6,076
  • Nov 2, 2010 5:49pm Nov 2, 2010 5:49pm
Hi Mal,

trying to decode the current eu situation... with no success. vol came in big time when we reached 4030 and knocked this sucker sideways. we just had a strong (relatively to the last candlles, of course) vol on a narrow up candle meaning supply is above 40 right now. yet supply isn't below below our current level. that would indicate short accumulation. still it "feels" not right. i don't know, could be the lack of a couple of superbocks...

what's your take, Big Master?

i am currently short from 4051 and 4040. the first with sl at be+1 to let run and the other with sl 30 pips planning to take profit at 4010.

green pips
dreams do come true.
  • #6,077
  • Nov 2, 2010 8:02pm Nov 2, 2010 8:02pm
gu shows it better

still usd bull for tomorrow

Quoting wannaberich
Hi Mal,

trying to decode the current eu situation... with no success. vol came in big time when we reached 4030 and knocked this sucker sideways. we just had a strong (relatively to the last candlles, of course) vol on a narrow up candle meaning supply is above 40 right now. yet supply isn't below below our current level. that would indicate short accumulation. still it "feels" not right. i don't know, could be the lack of a couple of superbocks...

what's your take, Big Master?

i am currently short from 4051 and 4040. the first with sl at...
Blogging daily now at www.volume.zone
  • #6,078
  • Nov 2, 2010 8:03pm Nov 2, 2010 8:03pm
what's happening now ?
Attached Image
  • #6,079
  • Nov 2, 2010 8:07pm Nov 2, 2010 8:07pm
Quoting malcolmb14
gu shows it better

still usd bull for tomorrow
What do you mean gu shows it better?
Today's zone = Tomorrow's opportunity!
  • #6,080
  • Nov 2, 2010 8:33pm Nov 2, 2010 8:33pm
Quoting TheArcher
what's happening now ?
Looks like a piece of pizza, and now I'm hungry.

I like Eur for a retrace but currently am clueless about the direction of GU. If pros wanted a great day to short into a up-move they got it with the Eur. Tomorrow is going to be a wild ride.
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