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vsa with Malcolm

  • #6,441
  • Nov 10, 2010 1:18pm Nov 10, 2010 1:18pm
But now it looks like we have sellers coming, 3795 right?
  • #6,442
  • Nov 10, 2010 1:24pm Nov 10, 2010 1:24pm
Quoting tpr
But now it looks like we have sellers coming, 3795 right?
yes there is supply hitting the market on a 15 BUT note the back ground off london lows on a 30 min and the shake out in US session . I consdier both these bullish

look for tests of 1.3740 area for longs

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  • #6,443
  • Nov 10, 2010 1:29pm Nov 10, 2010 1:29pm
Cheers!

I would like to know your opinion for this one with "VSA eyes".



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  • #6,444
  • Nov 10, 2010 1:41pm Nov 10, 2010 1:41pm
GU M30

Looking for a down bar to confirm the UT then a ND for entry. Some more aggressive traders would use the 'Almost' ND for entry. No setup = no entry.
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  • #6,445
  • Nov 10, 2010 1:51pm Nov 10, 2010 1:51pm
This last bar on GU M15 shows no demand.
  • #6,446
  • Edited 4:26pm Nov 10, 2010 2:00pm | Edited 4:26pm
EURO/USD
5 Minutes Chart: The 1st chart
I enter the trade here on the first arrow.

1st arrow: No supply
· There is now enough back ground buying to suspect an up move
· No supply happens within all of the high volume candles
· Also we are at the bottom of a large and long term range on higher time frame
· There are 3 attempts to go lower in this mini range here but resulted in buying at high volume (this is the background)

The next candle show buying with a key reverse bar (or reverse up thrust)

2nd arrow: It is not a no demand candle. It is low volume selling into a buying candle. (I guess you can say it is a hidden test)
· Why is it not a no demand candle?
· Because the background dictates buying not selling
· Also there was a no supply candle which means there is very low amount of sellers remaining

3rd arrow: this is a no supply candle with buying in it
· You can see there is a wick at bottom with the lowest volume so far
· We are building background for a continuation of the up move because this is the second time price has come down in this mini range

The next candle is a squat candle with buyers

4th arrow: This almost the same as the 2nd arrow (read second arrow)

5th arrow: This was a shakeout (this one took my reentry trade out. I was not expecting that.)
· Price Possibly trying to get momentum to break through this resistance area (just my guess)

15 minutes chart: The 2nd chart

1st arrow: This show higher volume on a down candle with a longer wick. Meaning alot of buyer are coming in here.

2nd Arrow: This show a no supply candle

The next candle a wider spread up candle with less volume is kinda of a hidden test. But It shows there are no more sellers holding price down. So buyers easily move price up with no resistence to sellers.


Remember go candle by candle really advance you VSA skills F12!
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  • #6,447
  • Nov 10, 2010 2:01pm Nov 10, 2010 2:01pm
Quoting Intel
GU M30

Looking for a down bar to confirm the UT then a ND for entry. Some more aggressive traders would use the 'Almost' ND for entry. No setup = no entry.

Theres the ND (or so close it might aswell be). Next we should have a down bar on any volume, breaking the low of the ND.
  • #6,448
  • Nov 10, 2010 2:05pm Nov 10, 2010 2:05pm
Quoting Intel
GU M30

Looking for a down bar to confirm the UT then a ND for entry. Some more aggressive traders would use the 'Almost' ND for entry. No setup = no entry.
In tradeguider there are ND or NS when volume is lower than 2 previous, and there are 400+ indicators in VSA.
Okey?
  • #6,449
  • Nov 10, 2010 2:09pm Nov 10, 2010 2:09pm
You see Intel
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  • #6,450
  • Nov 10, 2010 2:13pm Nov 10, 2010 2:13pm
The market is getting slower so this ND could be just pros leaving the market for today.
Wouldn't be surprised seeing upmove to weekly pivot (magenta line) on a low vol.

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  • #6,451
  • Nov 10, 2010 2:14pm Nov 10, 2010 2:14pm
Quoting Gesek
Cheers!

I would like to know your opinion for this one with "VSA eyes".



Attachment
i shorted this pair. tomorrow employment change news for australia, so better get into the trade after the news. if it get higher i short it at resistance, if it breaks lower i just short it anyway.
  • #6,452
  • Nov 10, 2010 2:22pm Nov 10, 2010 2:22pm
Quoting tpr
The market is getting slower so this ND could be just pros leaving the market for today.
Wouldn't be surprised seeing upmove to weekly pivot (magenta line) on a low vol.

Attachment

also the wide spread up bar was tested at 1.6020
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  • #6,453
  • Nov 10, 2010 2:39pm Nov 10, 2010 2:39pm
Quoting juhanimi
In tradeguider there are ND or NS when volume is lower than 2 previous, and there are 400+ indicators in VSA.
Okey?

I'm afraid this post is lost on me. Can you explain why you said this please.
  • #6,454
  • Nov 10, 2010 2:44pm Nov 10, 2010 2:44pm
That there are many different versions of ND`s and NS`s in VSA.
  • #6,455
  • Nov 10, 2010 2:47pm Nov 10, 2010 2:47pm
just looking at the 2 hour volume this has to be some form of selling climax or something in eu today.

I will take a closer look at it when i get home
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  • #6,456
  • Nov 10, 2010 2:53pm Nov 10, 2010 2:53pm
Quoting juhanimi
That there are many different versions of ND`s and NS`s in VSA.
Very good of you to enlighten me, thanks.
  • #6,457
  • Nov 10, 2010 2:56pm Nov 10, 2010 2:56pm
Quoting juhanimi
That there are many different versions of ND`s and NS`s in VSA.

Perhaps you could provide a critique of Seepipruns post with his bar by bar analysis, that would help us. Thanks.
  • #6,458
  • Nov 10, 2010 3:05pm Nov 10, 2010 3:05pm
Quoting tpr
The market is getting slower so this ND could be just pros leaving the market for today.
Wouldn't be surprised seeing upmove to weekly pivot (magenta line) on a low vol.

Attachment
Don't even Bother trading when the range is done for the day--
i think it's best to just wait for the next session--They are probably taking
her up on pure momentum to then slam her again.. i think someone mentioned
tomorrow was a bank holiday? PUURFEECT !! for a SLAM SESSION !!lol
  • #6,459
  • Nov 10, 2010 3:09pm Nov 10, 2010 3:09pm
Quoting taomql4
Don't even Bother trading when the range is done for the day--
i think it's best to just wait for the next session--They are probably taking
her up on pure momentum to then slam her again.. i think someone mentioned
tomorrow was a bank holiday? PUURFEECT !! for a SLAM SESSION !!lol
or for a ramp to 4050 session for slamming next week at discount lol
Blogging daily now at www.volume.zone
  • #6,460
  • Nov 10, 2010 3:10pm Nov 10, 2010 3:10pm
Quoting taomql4
Don't even Bother trading when the range is done for the day--
i think it's best to just wait for the next session--They are probably taking
her up on pure momentum to then slam her again.. i think someone mentioned
tomorrow was a bank holiday? PUURFEECT !! for a SLAM SESSION !!lol

markets are open

asia /
most of europe other than france including Uk
and us stock market open tomorrow

so not really sure if the bank holiday will have much effect as 80% of traders around
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