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vsa with Malcolm

  • #7,181
  • Nov 23, 2010 1:18pm Nov 23, 2010 1:18pm
Quoting malcolmb14
This was much harder than eu BUT on a 10 min tradeguider picked up a No demand

1)doji with highish volume
2)up candle BUT immediate rection was down candle = weakness still there and not ready to breakout top of channel
3)highest volume squat bar after seeing the 2 bar reversal a few bars early . This was my entry as hulls was also red . 1.5920 entry

Attachment
How much do you relay on hulls? Are you ever going long if vsa is showing long but hull is still red? Same thing with short? Does hull has to show its reaction minimum at 15M for you or you are entering even when it reacts on 5M? I kind of could miss my entry if I would wait for hull reaction on 15M. Thanks.
  • #7,182
  • Nov 23, 2010 1:31pm Nov 23, 2010 1:31pm
I missed the earlier gbp/usd trade as posted BUT I waited and got this one on the eur/usd.
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  • #7,183
  • Nov 23, 2010 1:54pm Nov 23, 2010 1:54pm
Quoting Aspire
I missed the earlier gbp/usd trade as posted BUT I waited and got this one on the eur/usd.
You're trading on the 5 ? BOY- i hope you are just using it to learn Faster !!
That thing could take your teeth out...

i think FOR entries are better...........HOPE You 're just practicing ...
  • #7,184
  • Nov 23, 2010 2:02pm Nov 23, 2010 2:02pm
Quoting taomql4
You're trading on the 5 ? BOY- i hope you are just using it to learn Faster !!
That thing could take your teeth out...

i think FOR entries are better...........HOPE You 're just practicing ...
LOL get a grip of ya self Tao

5 & 15 are the best
  • #7,185
  • Nov 23, 2010 2:09pm Nov 23, 2010 2:09pm
Quoting taomql4
You're trading on the 5 ? BOY- i hope you are just using it to learn Faster !!
That thing could take your teeth out...

i think FOR entries are better...........HOPE You 're just practicing ...
I been traidng 15 and 5 recently... 15 min or 10 , then 5 min for entry
Blogging daily now at www.volume.zone
  • #7,186
  • Nov 23, 2010 2:17pm Nov 23, 2010 2:17pm
Hey , not trying to scare anyone..lol--but you Guys are Pros--am just trying to
avoid more Patients --

Inserted Video
  • #7,187
  • Nov 23, 2010 2:24pm Nov 23, 2010 2:24pm
f^$ck it...just more of a gamble than that of a well informed decision

maybe only thing that pops up to me as obvious is the relatively smaller size of dip compared to last rally...
rally is almost as 3 times as bigger compared to the last dip-to-dip drop
Attached Image (click to enlarge)
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,188
  • Nov 23, 2010 2:31pm Nov 23, 2010 2:31pm
Quoting djambazov84
f^$ck it...just more of a gamble than that of a well informed decision

maybe only thing that pops up to me as obvious is the relatively smaller size of dip compared to last rally...
rally is almost as 3 times as bigger compared to the last dip-to-dip drop
It's very difficult to make an informed decision with that resolution. Zoom in a little.
  • #7,189
  • Nov 23, 2010 3:16pm Nov 23, 2010 3:16pm
Quoting Intel
It's very difficult to make an informed decision with that resolution. Zoom in a little.

nah at some point u really dont need to, u just become very familiar with the tape and its malicious deviations ...dont really want to get into it right now

as for the informed part...just take a look at the opposite of e/u
u/chf im not saying it will work ! it could and u have good chances on both these bets

u dont even need volume for that second one ... per se
Attached Image (click to enlarge)
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Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,190
  • Nov 23, 2010 4:05pm Nov 23, 2010 4:05pm
Quoting djambazov84
nah at some point u really dont need to, u just become very familiar with the tape and its malicious deviations ...dont really want to get into it right now

as for the informed part...just take a look at the opposite of e/u
u/chf im not saying it will work ! it could and u have good chances on both these bets

u dont even need volume for that second one ... per se

you counting on that four top ? for dorp or break out ?

take a wee look at CAT .. that will show you clearly what we are in for ...think 10 % min correction maybe 15. on the markets

CAT stock has been getting distributed for about 8 weeks now
IF dj comes off then eurusd will prove to be bear flag ,

I have entred puts on CAT today for 4 months out .
Blogging daily now at www.volume.zone
  • #7,191
  • Nov 23, 2010 4:22pm Nov 23, 2010 4:22pm
Quoting malcolmb14
you counting on that four top ? for dorp or break out ?

take a wee look at CAT .. that will show you clearly what we are in for ...think 10 % min correction maybe 15. on the markets

CAT stock has been getting distributed for about 8 weeks now
IF dj comes off then eurusd will prove to be bear flag ,

I have entred puts on CAT today for 4 months out .


while u know i think global meltdown incoming...but not just for now maybe ? but i`m counting on it soon..
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 87 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,192
  • Nov 23, 2010 4:41pm Nov 23, 2010 4:41pm
could it now drop untill 2nd red line ?
we`ll see vsa will show
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 96 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,193
  • Nov 23, 2010 5:39pm Nov 23, 2010 5:39pm
Quoting malcolmb14
almost looks like a no demand of sorts. If you look at that same zone on a 15 min you will see 2 x no demands after that 60 min UT

I just let news brain wash me Monday and missed the bulk of move Monday

those of you with tradeguider look at the 2 hr and the red trend cnadles and set h stops to 2.25 and 1.75... never go aginast these lol .

In fact i just took a long HDU.to tofay due to H stops dropping under price for 1st time in weeks.... 11.90 entry 11.50 stop for potential 10 to 15% trade in my pension plan

I will post some tradeguider...
Hi Mal,

What are "h stops" ?

It is only available in Tradeguider ?

Thanks.
  • #7,194
  • Nov 23, 2010 5:49pm Nov 23, 2010 5:49pm
Quoting polomine
MTM mentions that if the market doesn't rise up when the background is strength, it is sign of weakness, and vice versa.

I am not sure and also confused.
Hi Polomine,

Also been re-reading that section.

My interpretation is that if you expect one thing, and it does another, then there is a Failure Pattern, and we should do the other thing.

We expect Strength, and Weakness prevails, then we must go with Weakness.

Recently been observing that I expect a Long-pattern, but it Failed, and so enter the Short-pattern instead.
The only difference is that because did not enter the Long-pattern yet, it was easier to initiate entry on the Short-pattern.

If already in Long-pattern, then it was harder to reverse decision to go Short. This is where we all need to improve in reversing positions.

Observe on your own of the Failed Pattern, Failed Expectation, and you will see some good run going the opposite way.

Cheers,
FB.
  • #7,195
  • Nov 23, 2010 6:06pm Nov 23, 2010 6:06pm
Thanks for your opinions. BTW, h stops maybe means hunting stops, I am not sure how to identify them on the charts.

Quoting foxybunny
Hi Polomine,

Also been re-reading that section.

My interpretation is that if you expect one thing, and it does another, then there is a Failure Pattern, and we should do the other thing.

We expect Strength, and Weakness prevails, then we must go with Weakness.

Recently been observing that I expect a Long-pattern, but it Failed, and so enter the Short-pattern instead.
The only difference is that because did not enter the Long-pattern yet, it was easier to initiate entry on the Short-pattern.

If already in Long-pattern, then it was harder...
  • #7,196
  • Nov 23, 2010 6:18pm Nov 23, 2010 6:18pm
Hello fellow traders
I had been a lurker and finally decided to join in.
VSA is something that I'm trying to understand deeper and had read MTM and planning to reread it. Hopefully I would have chance to discuss ideas among you all. Lots of good ideas circulating in this thread.
Thanks to Malc and the rest of the active contributors that make this thread alive.
  • #7,197
  • Nov 23, 2010 8:54pm Nov 23, 2010 8:54pm
Lots of confluence on eu 30 min. 50 MA, daily pivot, last weeks low and trendline hovering just above price right now. Is EU going to continue to go down? VSA around 1.3445 will tell
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  • #7,198
  • Nov 23, 2010 9:21pm Nov 23, 2010 9:21pm
Quoting polomine
Thanks for your opinions. BTW, h stops maybe means hunting stops, I am not sure how to identify them on the charts.
H is like trailing stop...available in TG only...might be comparable to Parabolic SAR indicator like some traders use it for.
The Market pays you to be disciplined
  • #7,199
  • Edited 10:31pm Nov 23, 2010 10:18pm | Edited 10:31pm
Quoting mima
H is like trailing stop...available in TG only...might be comparable to Parabolic SAR indicator like some traders use it for.

Hi Mima, Polomine.

It is just a form of ATR stops, here is a close approximate comparison.

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  • #7,200
  • Nov 23, 2010 11:46pm Nov 23, 2010 11:46pm
Anyone else seeing more (relative) buying here than selling? The 40 pip range is being covered on a regular back and forth basis, but I see buying at a level like we've not seen for 1-2 days ... granted, it wouldn't take a lot for the bears to take over; a visit for another ~50 pips up to the DPP at 1.3452 and then we see what happens. GU exhibiting very similar behavior and pattern.

Interesting that right up until the 5pm NY close (line on chart), PA looked like it was going to fall off a cliff. Asia then basically paid no attention to it (unless they were buying), and many of their markets did reasonably well. And there are a few optimistic Irish sound bites out there, although lots of euro negative stuff to chew on too. And although USD seems to be on the weak side, the correlation to EURUSD doesn't seem to be there.
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