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vsa with Malcolm

  • #6,681
  • Nov 12, 2010 3:24am Nov 12, 2010 3:24am
Confused by EU now Hit resistance and dropped like a rock on descending volume. No buying pressure or what?
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  • #6,682
  • Nov 12, 2010 3:27am Nov 12, 2010 3:27am
Quoting 1pipperhour
Too fast
daily range has been breached;
short bias still lingering;
profit-taking/stops got hit;
price cant move in 1 direction for too long.... price always goes up & down
  • #6,683
  • Nov 12, 2010 3:32am Nov 12, 2010 3:32am
Quoting supremeChaos
daily range has been breached;
short bias still lingering;
profit-taking/stops got hit;
price cant move in 1 direction for too long.... price always goes up & down
Nooooooo, really?
  • #6,684
  • Nov 12, 2010 3:33am Nov 12, 2010 3:33am
Quoting supremeChaos
daily range has been breached;
short bias still lingering;
profit-taking/stops got hit;
price cant move in 1 direction for too long.... price always goes up & down
massive supply hit eu at 1,3740
Blogging daily now at www.volume.zone
  • #6,685
  • Nov 12, 2010 3:36am Nov 12, 2010 3:36am
Quoting vijidas
Hello all,

I have been learning VSA and Wyckoff method for a while now. I like it but to apply VSA for forex we need consistent volume but we do not have good volume from MT4 platform. Which platform or data feed do you guys use for volume and are they consistent and reliable?

Please let me know. I'm sorry if this question has already been asked before but I couldn't find any. thanks.
http://www.forexfactory.com/showthre...fx#post4032256

FxPro works pretty good too + there are others. Remember, volume is only one third of VSA - the rest is how where the candle closes, it's height, & you applying it all to put the picture together (ie., read the background as Malcolm would say).

There's also some cool indis built by polomine. Also, you'd strongly be recommended to read this entire thread - will take hours, but there are no shortcuts, and any question you have has likely been answered. Also, search out posts by HiddenGap.
  • #6,686
  • Nov 12, 2010 3:41am Nov 12, 2010 3:41am
Dubai again in the game...

http://forexblog.oanda.com/20101112/...ilout-package/
The Market pays you to be disciplined
  • #6,687
  • Nov 12, 2010 3:48am Nov 12, 2010 3:48am
Quoting malcolmb14
massive supply hit eu at 1,3740
it would be interesting if we close today within 1.3700 - 1.3800.
we'll be back in the daily range & weekly will close less bearish.
1.39 - 1.40 will be the next key area to conquer, imho.
  • #6,688
  • Nov 12, 2010 4:13am Nov 12, 2010 4:13am
hi guys. Tell me one thing i don't understand.

when it says in book "An Upthrust Bar is a wide range bar, with a high volume and closing down."

what does mean "high volume"?
high volume means higher than previous bar? or previous 2 bars? or higher than average 10 bars?

help me please to understand that
  • #6,689
  • Nov 12, 2010 4:21am Nov 12, 2010 4:21am
Quoting wskeal
hi guys. Tell me one thing i don't understand.

when it says in book "An Upthrust Bar is a wide range bar, with a high volume and closing down."

what does mean "high volume"?
high volume means higher than previous bar? or previous 2 bars? or higher than average 10 bars?

help me please to understand that
high volume that stands out

this is an ut

Attachment
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #6,690
  • Nov 12, 2010 7:12am Nov 12, 2010 7:12am
Supply keeps hitting EU more and more. Have to keep an eye if it gets absorbed. Overall a pretty good day with one scare.
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  • #6,691
  • Nov 12, 2010 7:19am Nov 12, 2010 7:19am
Quoting malcolmb14
high volume that stands out

this is an ut

Attachment
Malcolm we still looking at 1.3820 area today, and higher next week?
  • #6,692
  • Nov 12, 2010 7:29am Nov 12, 2010 7:29am
Some major volume has just arrived on the Eur and Pound. Careful.
  • #6,693
  • Nov 12, 2010 7:30am Nov 12, 2010 7:30am
US bulls have really taken over the last 2 15min bars... especially this most recent. Started out very EUR bullish with quick spike up followed by bigger move down.
Today's zone = Tomorrow's opportunity!
  • #6,694
  • Nov 12, 2010 7:34am Nov 12, 2010 7:34am
The circle is the left shoulder of a possible head and shoulders setup.

Im just waiting for the formation of the possible right shoulder.
Attached Image (click to enlarge)
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  • #6,695
  • Nov 12, 2010 7:37am Nov 12, 2010 7:37am
Quoting Seepiprun
The circle is the left shoulder of a possible head and shoulders setup.

Im just waiting for the formation of the possible right shoulder.

Can you please help to my imagination to see left shoulder head and possible area of right shoulder. Thank you.
The Market pays you to be disciplined
  • #6,696
  • Nov 12, 2010 7:39am Nov 12, 2010 7:39am
EU supply blocked. Must build more bunkers! Anyway, I guess POMO started or is there something else I missed?
  • #6,697
  • Nov 12, 2010 7:53am Nov 12, 2010 7:53am
Banks are squaring weekly postions in a thin volume market
  • #6,698
  • Nov 12, 2010 8:08am Nov 12, 2010 8:08am
hi there.. help needed from Mal, HG or any other senior & experience VSAers. I took this and end-up loss 40p. try to figure it-out but still can get it. yes, there's hull there but really appreciate if the explanation is purely on VSA.
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  • #6,699
  • Nov 12, 2010 8:11am Nov 12, 2010 8:11am
Quoting Pipkingdom
Banks are squaring weekly postions in a thin volume market
weekly? monthly, quarterly.
the fed massively buys so they can unload their longs without market impact. first pomo buy like mad- second round pomo unload like mad.
  • #6,700
  • Nov 12, 2010 8:47am Nov 12, 2010 8:47am
Quoting mima
Can you please help to my imagination to see left shoulder head and possible area of right shoulder. Thank you.
The head of a head and shoulders is considered a false breakout. And that is what we have at the moment, a false break. Price broke below the long term range and then moved back into it. And it also moved above the low of the left shoulder.

There is the posiblility this will not turn into a head and shoulders and instead just continue to be a down trend.

We need a bounce off the bottom of the range and price to pull away for conformation of a head and shoulders.

4 hour chart
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