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vsa with Malcolm

  • #7,341
  • Nov 27, 2010 6:17pm Nov 27, 2010 6:17pm
Quoting malcolmb14
For tradeguider users

I have noticed the bar trend following on a 10 min chart Is very similar to a jurik moving average setting 21 on a 30 min time frame.

On chart below the trend went to red about 1,3355 , on jurik moving av on esignal it turned at 2 pip difference

so essentially while these trend bars are blue we cannot look for sells , but once they roll over to red we can look for sell opps , just another way to say trend is your friend and keep you on the right side of the market

Attachment
im watching the 20 hour vsa webinar,and this system looks very good

is it always profitable
  • #7,342
  • Nov 27, 2010 7:47pm Nov 27, 2010 7:47pm
Quoting dragan53
im watching the 20 hour vsa webinar,and this system looks very good

is it always profitable
it is yes , if you wait for the perfect trades .. when things become clear.

I was a victim of my own mind last week on eu and even though the eu had buying on dips eventually that changed , but I was still trying to buy dips ,

so if you use vsa on a 30 mi chart , with the trend on the 4 hr chart ( ie 4hr down look for sells on a 30 / 15) then yes it can be 90% profitable
Blogging daily now at www.volume.zone
  • #7,343
  • Nov 27, 2010 8:04pm Nov 27, 2010 8:04pm
Where can I find a link to the webinar? Is it the tradeguider one I posted like a year ago in Shamus' VSA thread?
  • #7,344
  • Nov 27, 2010 8:42pm Nov 27, 2010 8:42pm
Quoting lolpie
Where can I find a link to the webinar? Is it the tradeguider one I posted like a year ago in Shamus' VSA thread?
http://www.forexfactory.com/showthread.php?t=267559
TradeGuider - Best of Wyckoff - Wyckoff Rediscovered Conference 2010
  • #7,345
  • Nov 27, 2010 8:44pm Nov 27, 2010 8:44pm
Quoting malcolmb14
it is yes , if you wait for the perfect trades .. when things become clear.

I was a victim of my own mind last week on eu and even though the eu had buying on dips eventually that changed , but I was still trying to buy dips ,

so if you use vsa on a 30 mi chart , with the trend on the 4 hr chart ( ie 4hr down look for sells on a 30 / 15) then yes it can be 90% profitable
cool,for now i dont have the money to buy the platform,if i make enough money in forex,i sure will take ur advice and buy tradeguider
cheers
  • #7,346
  • Nov 27, 2010 9:32pm Nov 27, 2010 9:32pm
Quoting dragan53
cool,for now i dont have the money to buy the platform,if i make enough money in forex,i sure will take ur advice and buy tradeguider
cheers
no need for tradeguider to be honest

Just get the better volume indie , study master the markets. In a downtrend look to sell up moves with no demand or up trusts , in an up tened look to buy dips on stopping vol / low vol tests. These are really the 4 primary sets ups you need to look for

always wait for the market to trend .... then look for your entry opportunities.

ibfx mt4 has a demo and the volume is very close to esignal
Blogging daily now at www.volume.zone
  • #7,347
  • Nov 27, 2010 10:09pm Nov 27, 2010 10:09pm
im using mfi to tell for strenght and weakness of trend using moving averages,
i think mfi used with volume should be fairly good

http://img836.imageshack.us/img836/1291/malv.png


do u that reckon mfi is good?
  • #7,348
  • Nov 27, 2010 11:38pm Nov 27, 2010 11:38pm
Quoting dragan53
im using mfi to tell for strenght and weakness of trend using moving averages,
i think mfi used with volume should be fairly good

http://img836.imageshack.us/img836/1291/malv.png


do u that reckon mfi is good?
EU:
Next stop is ~1.3100

1.3785 - 1.3446 = 339 pips

1.3446 - 0.0339 = 1.3107

Lets see what SM does then.
  • #7,349
  • Nov 27, 2010 11:58pm Nov 27, 2010 11:58pm
Quoting sidhujag
EU:
Next stop is ~1.3100

1.3785 - 1.3446 = 339 pips

1.3446 - 0.0339 = 1.3107

Lets see what SM does then.
nice one,too bad for me i shorted it,nd panicked and sold at 3$ loss,if i waited 20$ for 100 pips ARR,i wish i discovered this method before
  • #7,350
  • Nov 28, 2010 12:28am Nov 28, 2010 12:28am
Quoting Scrat
agree. here's another chart showing ask-bid tick balance - yellow arrows shows selling, blue arrows show buying. interesting, but not confirmed yet and also let's not forget though that overall bias is selling.
Hi, can i know where do you get the indicators for "yellow arrows shows selling, blue arrows show buying" on your chart? is it for mt4? Thanks.
  • #7,351
  • Nov 28, 2010 12:44am Nov 28, 2010 12:44am
Quoting Scrat
agree. here's another chart showing ask-bid tick balance - yellow arrows shows selling, blue arrows show buying. interesting, but not confirmed yet and also let's not forget though that overall bias is selling.
Hi Scrat, Can i know where do you get the "yellow arrows shows selling, blue arrows show buying" indicator? is it for mt4? Thanks.


Quoting malcolmb14
...I was a victim of my own mind last week on eu and even though the eu had buying on dips eventually that changed , but I was still trying to buy dips, so if you use vsa on a 30 mi chart, with the trend on the 4 hr chart ( ie 4hr down look for sells on a 30 / 15) then yes it can be 90% profitable
Hi Mal, last week i also spotted a lot buying on dips, and i was so sure price was going to go up, but it didn't.. up till now, i still unable to figure out at which part did the 'hidden selling' took place to cause price to fall.. did you manage to spot the part where we missed the selling/distribution phase took place before the plunge? pls enlighten me.. thanks.
  • #7,352
  • Nov 28, 2010 1:55am Nov 28, 2010 1:55am
Quoting dragan53
nice one,too bad for me i shorted it,nd panicked and sold at 3$ loss,if i waited 20$ for 100 pips ARR,i wish i discovered this method before
what are your ma settings ?
looks good
  • #7,353
  • Edited Nov 29, 2010 1:47am Nov 28, 2010 2:07am | Edited Nov 29, 2010 1:47am
man when some says its good to rage ur anger,they definitely are correct
the other day i raged my anger at all the shitty indicators and eas,by creating a simple basic template,one of the stuff that fti nd james 16 thread say u dont need many indicators


thanks to john lasts advice to backtest my template with an ma ea i picked up online it created these results with a 0.1 lot eurusd1h 6 months period




http://img823.imageshack.us/img823/4871/woudarn.png
  • #7,354
  • Nov 28, 2010 2:59am Nov 28, 2010 2:59am
My 22nd VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 24-Nov-10
Time: Alpari 17:00
Entry: 1.3363
Initial SL: 1.3393 (-30 pips)
Initial TP (A): 1.3333 (+30 pips)
Initial TP (B): 1.3133 (+230 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Sellers. UpThrust. Confirmed UT. NoDemand.
Enter on break low of ND Doji Up bar.
Hull Green 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 (A) hit TP: 1.3333 ( 30 pips).
The above order (B) hit SL: 1.3363 ( Break Even 0 pip).

** Please comment on analysis.

Trade Management:
- (A) hit TP.
- (B) moved to SL. After hit SL the next day, trade ran down nicely from 1.3300 to 1.3200.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-25_VSA_Exit22_EURUSD_M15_Short.png Size: 105 KB
  • #7,355
  • Nov 28, 2010 3:33am Nov 28, 2010 3:33am
Quoting Intel
Hi foxy,

Firstly well done for continuing to post your failed trades.

I'm going to suggest you follow a strict set of entry requirements for trade entry. You will miss some trades but it will ensure you stop losing trades like this. If you only EVER trade these rules you will do very well out of Forex I promise you.

Ok so entry requirements for a short trade, must be in order:-

1. Signs of weakness in UP BARS. (such as end of a rising market, buying climax, wide spread up bar closing in the middle on high volume. Read...
Nice post Intel.
Seek not to change the world; seek only to change your mind about the world
  • #7,356
  • Nov 28, 2010 3:58am Nov 28, 2010 3:58am
My 23rd VSA Trade (Live).

Executed Order.
EUR/JPY - Short
Date: 26-Nov-10
Time: Alpari 14:00
Entry: 110.83
Initial SL: 111.13 (-30 pips)
Initial TP (A): 110.53 (+30 pips)
Initial TP (B): 110.23 (+60 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Buyers, but I ignored.
3 Wicks bounced off Resistance around 111.10. Expect Sellers.
Enter on break low of Doji 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 (A) hit SL: 111.13 ( -30 pips).
The above order (B) hit SL: 111.13 ( -30 pips).

** Please comment on analysis.

Trade Management:
- (A) & (B) hit SL.
- 2 bars after entry M15, buyers came back with long bull bar and hit SL. Oops mistake!

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-26_VSA_Exit23_EURJPY_M15_Short.png Size: 98 KB
  • #7,357
  • Edited 4:24am Nov 28, 2010 4:13am | Edited 4:24am
Quoting foxybunny
My 23rd VSA Trade (Live).

Executed Order.
EUR/JPY - Short
Date: 26-Nov-10
Time: Alpari 14:00
Entry: 110.83
Initial SL: 111.13 (-30 pips)
Initial TP (A): 110.53 (+30 pips)
Initial TP (B): 110.23 (+60 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Buyers, but I ignored.
3 Wicks bounced off Resistance around 111.10. Expect Sellers.
Enter on break low of Doji bar.
Hull Red on M15 & H1.


Attached:
M15
Entry (small Yellow horizontal line),
Initial SL (small Red horizontal line),
Initial TP...
Just my thoughts, we hear about background and how important it is from a vsa perspective, you identified buyers (strength) but chose to ignore it, why?

You have MACD on your charts which was also positive but you went against that also.
Seek not to change the world; seek only to change your mind about the world
  • #7,358
  • Nov 28, 2010 4:37am Nov 28, 2010 4:37am
24th VSA EUR/JPY - Short

My 24th VSA Trade (Live).
Executed Order.
EUR/JPY - Short
Date: 26-Nov-10
Time: Alpari 16:00
Entry: 111.26
Initial SL: 111.56 (-30 pips)
Initial TP: 110.96 (+30 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
High Volume Sellers.
Hidden Sellers as bar closed half-way, and at same price there were sellers last session.
Enter on break low of Up bar.
Hull Green on M15. Hull Red 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 SL: 111.26 ( Break Even 0 pip).

** Please comment on analysis.

Trade Management:
- Price moved down fast for 20pips, so quickly moved SL to BE as it is weekend.
- Then hit SL that was BE.

Please comment on how to improve this trade ??

Thanks,
FB.


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-26_VSA_Exit24_EURJPY_M15_Short.png Size: 95 KB
  • #7,359
  • Nov 28, 2010 4:52am Nov 28, 2010 4:52am
Quoting gez40
Just my thoughts, we hear about background and how important it is from a vsa perspective, you identified buyers (strength) but chose to ignore it, why?

You have MACD on your charts which was also positive but you went against that also.

Thanks gez40.

For VSA #23 EUR/JPY-Short, I chose to ignore Buyers because I thought that background show more WEAKNESS recently, and also with the 3 wicks bounced of Resistance 111.10.

I still believe Eur/Jpy is Weak.

You are right about the MACD.
Even though I do have MACD, and I do like MACD, recently with looking at VSA, I seem to forget about MACD is there!!
  • #7,360
  • Nov 28, 2010 8:51am Nov 28, 2010 8:51am
Quoting foxybunny
Thanks gez40.

For VSA #23 EUR/JPY-Short, I chose to ignore Buyers because I thought that background show more WEAKNESS recently, and also with the 3 wicks bounced of Resistance 111.10.

I still believe Eur/Jpy is Weak.

You are right about the MACD.
Even though I do have MACD, and I do like MACD, recently with looking at VSA, I seem to forget about MACD is there!!
Fair enough, i think the 30min showed a test though.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 52 KB
Seek not to change the world; seek only to change your mind about the world
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