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vsa with Malcolm

  • #7,241
  • Nov 25, 2010 2:04am Nov 25, 2010 2:04am
Quoting Intel
Hi foxy,

I'm quite pleased to see your results. You might not be so pleased but I think you're learning from the trades you make. This education cannot be taught, it is invaluable. I remember from the first few trades you made, they didn't turn out so well and you were a bit dispondant. You've turned it around to a 50% win rate which is very good for that amount of time.

If I would offer some general advice, I suppose it woud be this:

1. The best time to trade VSA is London session. If you can, trade only this session and get to learn how...

Thanks Intel.

I am pleased with the objective that initial stop loss has lowered.

Must Minimise first, then Maximise.

It is good to print out the past trade charts to review the VSA setups.

Will look more at London session.

Still need to figure out your point 2.
  • #7,242
  • Nov 25, 2010 2:51am Nov 25, 2010 2:51am
EU M15

UT at resistance and psych number. Should go down from here......how much tho???????
  • #7,243
  • Nov 25, 2010 3:03am Nov 25, 2010 3:03am
Quoting Intel
EU M15

UT at resistance and psych number. Should go down from here......how much tho???????
out and open long, it looks like reversing to me
  • #7,244
  • Nov 25, 2010 3:05am Nov 25, 2010 3:05am
Quoting Intel
EU M15

UT at resistance and psych number. Should go down from here......how much tho???????
In Short-EU M15 since yesterday's NY.

I Want it to go down below 1.3100.
Let's see how forecast works.

Moved SL to Break Even already.
  • #7,245
  • Nov 25, 2010 3:12am Nov 25, 2010 3:12am
My 21st VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 24-Nov-10
Time: Alpari 11:00
Entry: 1.5762
Initial SL: 1.5792 (-30 pips)
Initial TP: 1.5732 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Sellers.
Enter on break low of Down 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 SL: 1.5792 ( -30 pips).

** Please comment on analysis.

Trade Management:
- Mis-read bars as Sellers, when really more like Buyers.
- Enter at No Man's Land with many Doji Bars congestion and in between 2 Horizontal lines.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-24_VSA_Exit21_GBPUSD_M15_Short.png Size: 95 KB
  • #7,246
  • Nov 25, 2010 3:13am Nov 25, 2010 3:13am
Quoting Intel
out and open long, it looks like reversing to me
If price didnt go up already it has not found the buyers I thought were there. Recognise when you got it wrong and accept it. Close out before you loose money.
  • #7,247
  • Nov 25, 2010 3:20am Nov 25, 2010 3:20am
Quoting Intel
If price didnt go up already it has not found the buyers I thought were there. Recognise when you got it wrong and accept it. Close out before you loose money.
Hi Intel,

What do you mean by above post ?

Now you think Long or Short ?

Would you please post a EU chart of your time frame from where you first said Short (UpThrust), then show what is the reason you suddenly change to Long ?

As I am in this trade, interested to know what you see that you changed your mind so fast.

Thanks,
FB.
  • #7,248
  • Nov 25, 2010 3:29am Nov 25, 2010 3:29am
Quoting foxybunny
Hi Intel,

What do you mean by above post ?

Now you think Long or Short ?

Would you please post a EU chart of your time frame from where you first said Short (UpThrust), then show what is the reason you suddenly change to Long ?

As I am in this trade, interested to know what you see that you changed your mind so fast.

Thanks,
FB.

Ok firstly, if you're i a short targeting 1.31, my calls shouldn't affect you because I'm looking at M15 & M5. This TF wont indicate moves that big.

I will prepare a chart for you regarding my posts.
  • #7,249
  • Nov 25, 2010 3:46am Nov 25, 2010 3:46am
Quoting Intel
Ok firstly, if you're i a short targeting 1.31, my calls shouldn't affect you because I'm looking at M15 & M5. This TF wont indicate moves that big.

I will prepare a chart for you regarding my posts.
Listen I have to go, I have put a few thoughts on the charts. The M5 SO was where I changed my mind in favour of longs. But when the SO low was broken, that was time to accept that the long was wrong.When we get the 2 up bars on low volume, that was a good time to short.

Any questions and I'll answer when I get back from golf.
Attached Image(s) (click to enlarge)
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  • #7,250
  • Nov 25, 2010 3:59am Nov 25, 2010 3:59am
Quoting Intel
Listen I have to go, I have put a few thoughts on the charts. The M5 SO was where I changed my mind in favour of longs. But when the SO low was broken, that was time to accept that the long was wrong.When we get the 2 up bars on low volume, that was a good time to short.

Any questions and I'll answer when I get back from golf.
OK understand your charts. Thanks.

Now go and enjoy your golf. Hopefully no SO on your golf!
  • #7,251
  • Nov 25, 2010 4:13am Nov 25, 2010 4:13am
Quoting foxybunny
OK understand your charts. Thanks.

Now go and enjoy your golf. Hopefully no SO on your golf!
Golf cancelled....aaaarrrrgggghhhh.
  • #7,252
  • Nov 25, 2010 4:35am Nov 25, 2010 4:35am
Quoting malcolmb14
something going on

Take a peak at GU 60 min last 2 days... almost look like massive buying in the 5800 area.

Also es 1175 being defended like mad. If things were that bad why do the buyers keep turning up at this level ?

I banged out a couple of trades on eu today both longs for a few pips, missed top failure of 1.3400 ( poc yesterday was 1.3995) so would have been a nice sell on the doji on the 15 min with 15 pip stops...oh well never mind always tomorrow in London for a few.

1.33 is a major s/r on the weekly
Yeah, just saw GU 60min, knocked it sideways for a while.
Seek not to change the world; seek only to change your mind about the world
  • #7,253
  • Nov 25, 2010 4:38am Nov 25, 2010 4:38am
Anyone else using tradeinterceptor? better vol indi seems to have given up the ghost.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 33 KB
Seek not to change the world; seek only to change your mind about the world
  • #7,254
  • Nov 25, 2010 6:39am Nov 25, 2010 6:39am
Check your 60 min . You sold right above major support line form last 3 days , 10 pip s above

Thanksgiving in US has given us a very tight range. In normal market conditions i would say Gu is about to rip 300 pip plus to the upside , but this sideways tight range could just be due to the thanksgiving weekend in the us.

If you want to play this range sell 1.5790...

as the 2 hour and 4 hr charts still ranging down the sells off 1.5790 to 5810 area a better bet.

I find it odd that things have gone in such a tight range as the asian and London markets are still open and i would have thought volatility would be much higher.

Quoting foxybunny
My 21st VSA Trade (Live).

Executed Order.
GBP/USD - Short
Date: 24-Nov-10
Time: Alpari 11:00
Entry: 1.5762
Initial SL: 1.5792 (-30 pips)
Initial TP: 1.5732 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Sellers....
Blogging daily now at www.volume.zone
  • #7,255
  • Nov 25, 2010 6:47am Nov 25, 2010 6:47am
Gbp/Usd - having looked at the 60min and 15min, I'm now down on the 5min

Thoughts on what I see (I may be wrong!)

 

  1. Big range down bar with good volume
  2. Up bar on just as high volume, buyers coming in
  3. Big volume up bar but closes off the high , sellers still around
  4. Buyers having another go
  5. Look Left at the resistance zone (grey box) would like to see this cleared with good steady up bars with volume

Attached Image (click to enlarge)
Click to Enlarge Name: 2511gbpusd5min1.png Size: 30 KB
  • #7,256
  • Nov 25, 2010 7:40am Nov 25, 2010 7:40am
Quoting Aspire
Gbp/Usd - having looked at the 60min and 15min, I'm now down on the 5min

Thoughts on what I see (I may be wrong!)

 

  1. Big range down bar with good volume
  2. Up bar on just as high volume, buyers coming in
  3. Big volume up bar but closes off the high , sellers still around
  4. Buyers having another go
  5. Look Left at the resistance zone (grey box) would like to see this cleared with good steady up bars with volume

Do you not wait for tests or nd`s before entering a trade? need to be sure supply has gone before going long.

Just my thoughts, feedback welcome.
Seek not to change the world; seek only to change your mind about the world
  • #7,257
  • Nov 25, 2010 8:36am Nov 25, 2010 8:36am
EU M15

sorry guys I forgot to post this earlier. It's not much use now but I'll post it anyway.
Attached Image (click to enlarge)
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  • #7,258
  • Nov 25, 2010 8:43am Nov 25, 2010 8:43am
EU M15
Attached Image (click to enlarge)
Click to Enlarge Name: 147.png Size: 157 KB
  • #7,259
  • Nov 25, 2010 8:56am Nov 25, 2010 8:56am
think E/U need to close above 1.33520 for upmove
  • #7,260
  • Nov 25, 2010 9:52am Nov 25, 2010 9:52am
Quoting malcolmb14
Check your 60 min . You sold right above major support line form last 3 days , 10 pip s above

Thanksgiving in US has given us a very tight range. In normal market conditions i would say Gu is about to rip 300 pip plus to the upside , but this sideways tight range could just be due to the thanksgiving weekend in the us.

If you want to play this range sell 1.5790...

as the 2 hour and 4 hr charts still ranging down the sells off 1.5790 to 5810 area a better bet.

I find it odd that things have gone in such a tight range as the asian and London...
Thanks Mal.

Just checked the GU H1 and now saw the support you mentioned.

The holidays is making it range bound. May just watch it.
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