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vsa with Malcolm

  • #6,881
  • Edited 12:18pm Nov 18, 2010 9:11am | Edited 12:18pm
My 17th VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 16-Nov-10
Time: Alpari 12:15
Entry: 1.5981
Initial SL: 1.6011 (-30 pips)
Initial TP: 1.5951 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume with UpThrust show sellers.
Break down Horizontal Support line.
Enter on Low of Up 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 SL: 1.6011 ( -30 pips).

** Please comment on analysis.

Trade Management:
- Entry Short too early.
- Mistake was did not wait for Test of recent Horizontal Resistance.
- If waited for the Test, there was a second entry that had a good run down.
- Missed second entry due to timing of Limit entry. This would have resulted in a good run down.

Please comment on how to improve this trade ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-16_VSA_Exit17_GBPUSD_M15_Short.jpg Size: 169 KB
  • #6,882
  • Nov 18, 2010 9:44am Nov 18, 2010 9:44am
Quoting foxybunny

Please comment on how to improve this trade ??
Sell after first upthrust?
  • #6,883
  • Nov 18, 2010 9:51am Nov 18, 2010 9:51am
Quoting juhanimi
Sell after first upthrust?
Thanks Juhanimi.

Seem like I not brave enough to enter straight after UpThrust/DownThrust.
  • #6,884
  • Nov 18, 2010 9:53am Nov 18, 2010 9:53am
Quoting foxybunny
My 17th VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 16-Nov-10
Time: Alpari 22:15
Entry: 1.5981
Initial SL: 1.6011 (-30 pips)
Initial TP: 1.5951 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume with UpThrust show sellers.
Break down Horizontal Support line.
Enter on Low of Up 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...
I think your trade management pretty much says it all! Good job on spotting it tough...!

Oz
  • #6,885
  • Nov 18, 2010 9:55am Nov 18, 2010 9:55am
Quoting foxybunny
Thanks Juhanimi.

Seem like I not brave enough to enter straight after UpThrust/DownThrust.
Sebastian (from tradeguider videos) said that he takes all upthrust`s, when he trades forex.
And that first one was on the right place, it has top on left side.
You get small stoploss and good RiskReward with UT`s.
  • #6,886
  • Nov 18, 2010 10:49am Nov 18, 2010 10:49am
Quoting comapip
Maybe a H&S pattern forming for aud/usd. Pure speculation, obviously. Target could be 91 or 90 if it comes true. We'll see what happens.
Its funny you posted that I was looking at the same thing for gold
Attached Image (click to enlarge)
Click to Enlarge Name: xauusddaily.jpg Size: 183 KB
  • #6,887
  • Nov 18, 2010 10:51am Nov 18, 2010 10:51am
With the long up trend then the sudden volatility and big swing in price near the highs seems like distribution to me.. Pros don't buy at the tops and gold has had a very nice long run.
  • #6,888
  • Nov 18, 2010 12:22pm Nov 18, 2010 12:22pm
My 18th VSA Trade (Live).

Executed Order.
EUR/JPY - Short
Date: 16-Nov-10
Time: Alpari 15:00
Entry: 112.97
Initial SL: 113.27 (-30 pips)
Initial TP: 112.67 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume 2 bars with full body down bar show sellers.
Failed BreakUp pattern.
NoDemand that bounced off the Top Trendline .
Enter on Low of NoDemand Bar.
Hull Red on M15. Hull Green on H1.

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: 112.67 ( +30 pips).

** Please comment on analysis.

Trade Management:
- Not fast enough to move TP exit.
- After Exit, good move run down.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-16_VSA_Exit18_EURJPY_M15_Short.jpg Size: 177 KB
  • #6,889
  • Nov 18, 2010 12:41pm Nov 18, 2010 12:41pm
My 19th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 16-Nov-10
Time: Alpari 15:00
Entry: 1.3584
Initial SL: 1.3614 (-30 pips)
Initial TP: 1.3554 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Sellers.
Failed BreakUp pattern.
NoDemand that bounced off the Horizontal Resistance.
Due to Failed BreakUp, expect it to go down, so did not wait for BreakDown of Horizontal Support.
Enter on Low of NoDemand Bar.
Hull Red on M15 & H1.


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: 1.3554 ( +30 pips).

** Please comment on analysis.

Trade Management:
- Not fast enough to move TP exit.
- After Exit, good move run down.

Please comment on how to improve this trade ??

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-16_VSA_Exit19_EURUSD_M15_Short.jpg Size: 180 KB
  • #6,890
  • Nov 18, 2010 12:47pm Nov 18, 2010 12:47pm
How come my PNG charts, when attached to post here, became JPG chart files ??

Anyone else encounter this issue?

Prefer PNG charts as more clearer.
  • #6,891
  • Nov 18, 2010 1:17pm Nov 18, 2010 1:17pm
Quoting foxybunny
How come my PNG charts, when attached to post here, became JPG chart files ??

Anyone else encounter this issue?

Prefer PNG charts as more clearer.
Either the img was too big or the file size was too big. FF changes them too JPG as default in these cases. Make sure your PNG file size is less than 976 kb and the IMG size is less than 1500 x 1500 pixels. That should do the trick.
  • #6,892
  • Nov 18, 2010 1:21pm Nov 18, 2010 1:21pm
Quoting foxybunny
How come my PNG charts, when attached to post here, became JPG chart files ??

Anyone else encounter this issue?

Prefer PNG charts as more clearer.
I took a quick look back, and it seems your Sept 16 chart was the last crisp one, presumably PNG; I've been posting PNGs with success still.

Could windows or your screencap software be the culprit? I usually use the 'save as...' to specify how I want to save the screenshot ... windows can be problematic because of hiding extension filenames - it's easy to run into the issue of purposefully calling something picture.png but windows or your screencap software attaches & calls it picture.png.jpg, and doesn't let you see it, unless you know how to turn off that silly Bill Gates feature.

If you're using right click from a MT4 chart, I think it can only save as highly lossy & therefore fuzzy JPG.

If it's of any help I'm partial to Faststone Capture.
  • #6,893
  • Nov 18, 2010 1:36pm Nov 18, 2010 1:36pm
Quoting Beljevina
I took a quick look back, and it seems your Sept 16 chart was the last crisp one, presumably PNG; I've been posting PNGs with success still.

Could windows or your screencap software be the culprit? I usually use the 'save as...' to specify how I want to save the screenshot ... windows can be problematic because of hiding extension filenames - it's easy to run into the issue of purposefully calling something picture.png but windows or your screencap software attaches & calls it picture.png.jpg, and doesn't let you see it, unless you know how to...

Dont you think the windows built in 'Print Screen' function is good enough? I think my posted charts are ok as far as clarity is concerned.
  • #6,894
  • Nov 18, 2010 1:59pm Nov 18, 2010 1:59pm
Malcolm, what's your analysis on EU, preferably your 2hr chart.
  • #6,895
  • Nov 18, 2010 2:01pm Nov 18, 2010 2:01pm
Quoting pipaday
Its funny you posted that I was looking at the same thing for gold
I been saying this a long time... people are not buying gold because its too much.... 1000 seems fine to me.
  • #6,896
  • Nov 18, 2010 2:12pm Nov 18, 2010 2:12pm
Does anyone know a broker with good volumes on daily and weekly FX? I don't know which are good
  • #6,897
  • Nov 18, 2010 2:15pm Nov 18, 2010 2:15pm
Quoting Intel
Dont you think the windows built in 'Print Screen' function is good enough? I think my posted charts are ok as far as clarity is concerned.
Sure can be, and I do love reading your charts ... but like most things included in Windows, there are better aftermarket solutions.

This utility allows capture of a specific window area, sensing where the borders are, allows easier markup with text, highlighting, etc, provides automatic scrolling to seamlessly capture a whole and potentially very long web page, (or MT4 journal trade results!) and can also be the default printscreen with lots of other features, but using fewer clicks to get the job done.

It's one of those things, that once you try, you rarely go back! Give it a spin & you'll see what I mean!
  • #6,898
  • Nov 18, 2010 2:22pm Nov 18, 2010 2:22pm
Quoting Beljevina
Sure can be, and I do love reading your charts ... but like most things included in Windows, there are better aftermarket solutions.

This utility allows capture of a specific window area, sensing where the borders are, allows easier markup with text, highlighting, etc, provides automatic scrolling to seamlessly capture a whole and potentially very long web page, (or MT4 journal trade results!) and can also be the default printscreen with lots of other features, but using fewer clicks to get the job done.

It's one of those things, that once...

Oh I see, thanks. I only use screen capture for FF really. I like how quick and easy it is. Once I have annotated my chart in MT4, it only takes me 6 seconds to have the correct size chart(1500 pixels) saved in PNG format ready to upload to FF.

I suppose that if I want to do other stuff as you suggested, I will look into the software you recommend. Thanks.

BTW 'Print Screen' allows you to copy only the active window. Helpful if the active window is smaller than your screen size
  • #6,899
  • Nov 18, 2010 2:44pm Nov 18, 2010 2:44pm
Quoting Intel
Oh I see, thanks. I only use screen capture for FF really. I like how quick and easy it is. Once I have annotated my chart in MT4, it only takes me 6 seconds to have the correct size chart(1500 pixels) saved in PNG format ready to upload to FF.
Should have used stronger wording earlier ... I really enjoy your charts. I do think I see on your charts, that you're having to cutting out the account info and leaving off the left side of the chart, that would have timeframe, pairname, etc in the top left corner, and your captures do include the File/View/Insert & toolbars from MT4 ... the screencap SW only grabs by automatically detecting the window or area your mouse is in ... hard to explain until you try it. (It grabs the window within a window, ie., like your many MT4 chart windows) I think screen markup might be easier too than the way you're doing it now - not sure if you're doing it in MT4 or Paintbrush ...

OK, I will stop now, before Malcolm browbeats me!

Quoting Jasus
Does anyone know a broker with good volumes on daily and weekly FX? I don't know which are good
Not sure if you've read any of the thread ... this comes up very frequently, last time about 15 pages ago ... I am certain you'll find tons of valuable stuff if you invest a few hours.

IBFX, FXPro, Dukascopy and many of the brand names are ranked very good for volume. My collectivefx is right up there, and I know I am getting a citibank liquidity provider view - it's who your LP is and knowing there's good volume there that is key. Plus, their demo is fantastic and my price feed is exactly the same; I'd recently started trying some other demos, and was shocked to see requotes, and ridiculous wait & execution times - never really understood why someone submits themselves to crap like that with their real money let alone a demo.
  • #6,900
  • Edited 3:27pm Nov 18, 2010 3:11pm | Edited 3:27pm
Quoting Beljevina
Should have used stronger wording earlier ... I really enjoy your charts. I do think I see on your charts, that you're having to cutting out the account info and leaving off the left side of the chart, that would have timeframe, pairname, etc in the top left corner, and your captures do include the File/View/Insert & toolbars from MT4 ... the screencap SW only grabs by automatically detecting the window or area your mouse is in ... hard to explain until you try it. (It grabs the window within a window, ie., like your many MT4 chart windows)...
You're right I do have to cut the size of the window but all I do is set the 'Restore Down' size of the window so that when I click the center of the 3 boxes in the top right corner of the window, it reduces to 1500 pixels. I have to do this because my laptop screen resolution is 1920 x 1080. As an img this is too big for a PNG on FF. There is no other reason for doing this.

So once the chart has been annotated I do the following:-

Click 'Restore'
Press 'Alt'+'PrtSc'
Press button to launch MS Paint
Press 'Ctrl+V'
Press 'Alt+F4'
Type 142 (my sequential chart numbering)
Press 'Enter'

And voila, it is saved in PNG format in my charts folder ready for uploading. The above list of actions is done as quick as I can do them (takes about 6 seconds).

I'm sure Mal wont beat us up for discussing how we save our charts to upload to the thread. Of course this way has its limitations as you pointed out.
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