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vsa with Malcolm

  • #6,741
  • Nov 15, 2010 1:38pm Nov 15, 2010 1:38pm
I don`t know, I have been short almost five hours now.
  • #6,742
  • Edited 3:34pm Nov 15, 2010 3:20pm | Edited 3:34pm
Quoting tgwhbb
Can some more experienced VSAers please comment on my analysis of EU 60 chart attached. Will not take this trade because i don't yet feel comfortable trading counter trend and H4 trend is still down, but still want to see how i've intepreted the chart. the 3 rejections at Today's POC @ ~1.3620 lead me to believe eu is still going down before retrace which would void my analysis unless POC is broken and holds...but will never learn unless i ask questions some times

Great thread! Keep it coming!

-tg
Don't know if i would necessary call that Down bar a climatic Bar (comparing
it to that previous High volume upthrust Bar-it's going to take alot more to stop that Upthrust)-Maybe just a High volume down bar with some buyers in it--

and the Buyers showed themselves with the next bar up--but then, it showed up almost like a NO-demand bar - low volume Bar relative to the two previous bars- and we know those are signs of weakness..
Attached Image (click to enlarge)
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  • #6,743
  • Nov 15, 2010 6:22pm Nov 15, 2010 6:22pm
Quoting tgwhbb
Can some more experienced VSAers please comment on my analysis of EU 60 chart attached. Will not take this trade because i don't yet feel comfortable trading counter trend and H4 trend is still down, but still want to see how i've intepreted the chart. the 3 rejections at Today's POC @ ~1.3620 lead me to believe eu is still going down before retrace which would void my analysis unless POC is broken and holds...but will never learn unless i ask questions some times

Great thread! Keep it coming!

-tg
you really have to have good mm for longs in this market.

I also thought eu was being bought but when i saw that up move in US into 1.3650 being hit with supply I knew something was up , so looked only for sells. One turned up at 1,3620 , still in it although has been nail biting all day..lol

alsway wait for a lower high on a test ( low volume down bar) before entering a long on stopping vol .... it is by far the safeest entry
Blogging daily now at www.volume.zone
  • #6,744
  • Nov 15, 2010 6:25pm Nov 15, 2010 6:25pm
Quoting malcolmb14
you really have to have good mm for longs in this market.

I also thought eu was being bought but when i saw that up move in US into 1.3650 being hit with supply I knew something was up , so looked only for sells. One turned up at 1,3620 , still in it although has been nail biting all day..lol

alsway wait for a lower high on a test ( low volume down bar) before entering a long on stopping vol .... it is by far the safeest entry
example and a trade i took based on the looks of buying i did not move my stop to be fast enough , was up +30 pip , then stopped -12

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 117 KB
Blogging daily now at www.volume.zone
  • #6,745
  • Nov 15, 2010 6:36pm Nov 15, 2010 6:36pm
hey all!

long time lurker, first time poster. Been in FX since January and picked up VSA about 3-4 months ago and loved it ever since. Going thru MTM for the 3rd time to pack it all in my head lol.

Obviously alot of selling in the background today.. quite a few short opportunities. Didn't have a chance to get in around the .3635-40 area but price met alot of resistance again at the .3620 area and jumped in at .3609. Now we'll wait and see what price does around last weeks' low to see if we can go lower.

Closed half the trade at +40. BE on rest.


http://i896.photobucket.com/albums/a...forex/55-1.gif
  • #6,746
  • Nov 15, 2010 9:15pm Nov 15, 2010 9:15pm
Quoting malcolmb14
you really have to have good mm for longs in this market.

I also thought eu was being bought but when i saw that up move in US into 1.3650 being hit with supply I knew something was up , so looked only for sells. One turned up at 1,3620 , still in it although has been nail biting all day..lol

alsway wait for a lower high on a test ( low volume down bar) before entering a long on stopping vol .... it is by far the safeest entry
thanks malc and tao for the comments.

malc, mm = money management?

re lower high on a test, do you mean the test bar itself? or wait for a lower high to be made after the test?
Change is the only constant
  • #6,747
  • Nov 15, 2010 10:41pm Nov 15, 2010 10:41pm
Want to short EU so badly , it's not even funny !!

Think we are headed for 1.3490
Attached Image (click to enlarge)
Click to Enlarge Name: eu5.jpg Size: 124 KB
  • #6,748
  • Nov 15, 2010 11:04pm Nov 15, 2010 11:04pm
It makes sense. EUR/JPY has been hit by sellers on 30 min TF on every up move since the beginning of the week and we have not seen any profit taking on those sells...


Quoting taomql4
Want to short EU so badly , it's not even funny !!

Think we are headed for 1.3490
  • #6,749
  • Nov 15, 2010 11:12pm Nov 15, 2010 11:12pm
Quoting Fusion
It makes sense. EUR/JPY has been hit by sellers on 30 min TF on every up move since the beginning of the week and we have not seen any profit taking on those sells...
Think they are going on a Stop Hunting trip Now--the HULLs are still raging..
Attached Image (click to enlarge)
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  • #6,750
  • Edited Nov 16, 2010 12:32am Nov 15, 2010 11:59pm | Edited Nov 16, 2010 12:32am
-am short to 1.3490

Hopefully, the Daily range for the session..
Attached Image (click to enlarge)
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  • #6,751
  • Nov 16, 2010 1:39am Nov 16, 2010 1:39am
My 16th VSA Trade (Live).

NOTE: This trade was entered and exited a week ago, only now have time to post.

Executed Order.
EUR/USD - Short
Date: 9-Nov-10
Time: Alpari 17:00
Entry: 1.3867
Initial SL: 1.3887 (-20 pips)
Initial TP: 1.3837 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
3 Seller Bars with High Volume. One of these bars look like UpThrust/Doji.
1 Seller Bar that break down trendline confirm with High Volume.
Enter on break Low of this Down Seller Confirmed Bar.
Hull Red on H1 and M15.

Attached:
M15
Entry (small Yellow horizontal line),
Initial SL (small Red horizontal line),
Initial TP (small Green horizontal line).

I will inform of exit result no matter it is profit or loss.

Final Result.
The above order hit TP: 1.3837 ( +30 pips).

** Please comment on analysis.

Trade Management:
- Went to sleep a short while after entry.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-10_VSA_Exit16_EURUSD_M15_Short.jpg Size: 179 KB
  • #6,752
  • Nov 16, 2010 1:52am Nov 16, 2010 1:52am
Classic up-thrust just like from the book. I've noticed that this classic move happens only if I'm sleeping. Got to get up earlier. I would have been done for the day . Dammit
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  • #6,753
  • Nov 16, 2010 1:57am Nov 16, 2010 1:57am
OMG someone's buying EU!!! 1.5 today for sure! /sarcasm

Anyway, just watching, no reason to long yet. Same behavior for some time now. Someone buys, EU gets slammed. If nobody's buying, EU drifts lower.

Edit: Oh and it's just that I like buying more than selling. So I do apologize if I focus too much on buying.
Attached Image (click to enlarge)
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  • #6,754
  • Nov 16, 2010 2:02am Nov 16, 2010 2:02am
Quoting 1pipperhour
Classic up-thrust just like from the book. I've noticed that this classic move happens only if I'm sleeping. Got to get up earlier. I would have been done for the day . Dammit

Hi 1pipperhour,

Don't your chart now showing a Down Thrust with High Vol now ?
And you are awake.

FYI, I am not trading on this comment as still waiting for London.

Cheers,
FB.
  • #6,755
  • Nov 16, 2010 2:03am Nov 16, 2010 2:03am
Quoting 1pipperhour
Classic up-thrust just like from the book. I've noticed that this classic move happens only if I'm sleeping. Got to get up earlier. I would have been done for the day . Dammit
Well it doesn't always happen when you sleep. Sometimes it happens when you're having dinner
  • #6,756
  • Nov 16, 2010 2:16am Nov 16, 2010 2:16am
Quoting foxybunny
My 16th VSA Trade (Live).

Please comment on how to improve this trade ??

Thanks,
FB.
Maybe sell after break of low of that upthrust, you had a top reversal in background.
I think you was very late in that sell, because if you put trendlines like TW, you can see that you are selling at lower trendline.
  • #6,757
  • Nov 16, 2010 2:18am Nov 16, 2010 2:18am
Quoting foxybunny
Hi 1pipperhour,

Don't your chart now showing a Down Thrust with High Vol now ?
And you are awake.

FYI, I am not trading on this comment as still waiting for London.

Cheers,
FB.
True, waited for confirmation.
Attached Image (click to enlarge)
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  • #6,758
  • Nov 16, 2010 2:28am Nov 16, 2010 2:28am
Quoting juhanimi
Maybe sell after break of low of that upthrust, you had a top reversal in background.
I think you was very late in that sell, because if you put trendlines like TW, you can see that you are selling at lower trendline.
Thanks Juhanimi.

I may have been away during that UpThrust.
That would have been a good catch on that UpThrust.
Recently I waiting for more confirmation rather than earlier entries.

How would TW put his trendlines ??

I may have miss this section from MTM.
  • #6,759
  • Nov 16, 2010 2:34am Nov 16, 2010 2:34am
Quoting comapip
Well it doesn't always happen when you sleep. Sometimes it happens when you're having dinner
always the way
  • #6,760
  • Nov 16, 2010 2:36am Nov 16, 2010 2:36am
Quoting foxybunny

How would TW put his trendlines ??

I may have miss this section from MTM.
I think it`s 18 pages.
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