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vsa with Malcolm

  • #7,481
  • Nov 30, 2010 2:08pm Nov 30, 2010 2:08pm
Hi Malcom EU trade does not require 100 pip stop loss right now if you sell the rallies if you keep EMA 20 and EMA 70 as your boundrey. same is true with gu. And just today GU is planning to touch the EMA 70. Check out the chart.

LOL

put those EMA in your chart and check it out.
  • #7,482
  • Nov 30, 2010 2:12pm Nov 30, 2010 2:12pm
Quoting harigp
Hi Malcom EU trade does not require 100 pip stop loss right now if you sell the rallies if you keep EMA 20 and EMA 70 as your boundrey. same is true with gu. And just today GU is planning to touch the EMA 70. Check out the chart.

LOL

put those EMA in your chart and check it out.
GU stopped dead on yesterdays upper value area ,1.5580...with buying cliamx and nd .. that is where i sold her.

Do not forget I suck at swing trading .. can call them well BUT have ADD ..lol ... so day trading suits me better
Blogging daily now at www.volume.zone
  • #7,483
  • Nov 30, 2010 2:18pm Nov 30, 2010 2:18pm
Quoting malcolmb14
GU stopped dead on yesterdays upper value area ,1.5580...with buying cliamx and nd .. that is where i sold her.

Do not forget I suck at swing trading .. can call them well BUT have ADD ..lol ... so day trading suits me better

ahhh i used too tight a stop around there....im gonna reenter soon though
  • #7,484
  • Nov 30, 2010 2:20pm Nov 30, 2010 2:20pm
Check out the nz$ chart HI and M5 and you will see what i am taking about. of course the pair should trend. You are a good trader but I think to some extent we should simply the trade . Lot of resistence to go up.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzdusdm5.gif Size: 28 KB
  • #7,485
  • Nov 30, 2010 2:25pm Nov 30, 2010 2:25pm
Without trying to sound rude, you do seem to be intruding somewhat upon a thread that is principally concerned with a method of trading that you seem not to advocate.

Yes, I, too, call in occasionally, but do not try to push my method upon a VSA thread that has been created, and is frequently contributed to, by the thread originator.

It is not for me, or anyone else, to state that your chosen method of technical analysis fails, and so by association, you, too, sir, should execute the same degree of manners.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #7,486
  • Nov 30, 2010 2:34pm Nov 30, 2010 2:34pm
I am just wondering about the validity of vsa setups before London open and after new york closes when trading EU and GU.

If they are not truly valid, which last vsa setups would you first consider before the London open? Is it the last setup before New York closed ?
  • #7,487
  • Nov 30, 2010 2:37pm Nov 30, 2010 2:37pm
Quoting malcolmb14
GU stopped dead on yesterdays upper value area ,1.5580...with buying cliamx and nd .. that is where i sold her.
I sold it a bit lower... went to have dinner, and now I'm not liking its price action - got a SL just above 1.56, but might close it earlier to avoid swap fee.

EDIT:
Hummm... with this M15 close (hit by sellers), I might take my chances and leave it running. But it has to break 1.5560 and stay below it.

And by the way:
Congrats on the 500 pages of the thread!
  • #7,488
  • Nov 30, 2010 3:00pm Nov 30, 2010 3:00pm
Quoting Stackhouse
I am just wondering about the validity of vsa setups before London open and after new york closes when trading EU and GU.

If they are not truly valid, which last vsa setups would you first consider before the London open? Is it the last setup before New York closed ?
when Asia gets going you can get set ups , but the volume you are looking at should be relative to the other volume in that area
Blogging daily now at www.volume.zone
  • #7,489
  • Nov 30, 2010 3:02pm Nov 30, 2010 3:02pm
Quoting 45Condor
Without trying to sound rude, you do seem to be intruding somewhat upon a thread that is principally concerned with a method of trading that you seem not to advocate.

Yes, I, too, call in occasionally, but do not try to push my method upon a VSA thread that has been created, and is frequently contributed to, by the thread originator.

It is not for me, or anyone else, to state that your chosen method of technical analysis fails, and so by association, you, too, sir, should execute the same degree of manners.
his posts are ok .... many ways to skin the cat

I will throw up es charts later

1175 to 1186 then 1186 to 1181 then 1184,5 to 1175.... all with vsa and value area
Blogging daily now at www.volume.zone
  • #7,490
  • Nov 30, 2010 3:03pm Nov 30, 2010 3:03pm
Looking to close half around 1.5530... if it gets there while I'm still awake (or else I'll close all of it);
The rest might stay on the table with SL at BE, looking at the lows (below 1.55).
  • #7,491
  • Nov 30, 2010 4:14pm Nov 30, 2010 4:14pm
GETTING STEAMY IN HERE
  • #7,492
  • Nov 30, 2010 4:19pm Nov 30, 2010 4:19pm
We saw EU trend down since the London open today. Around mid part of the session at the low of the day I saw what I thought were reverse upthrust and shakeout bars which made me expect a retracement which then happened.

The peak of the retracement was about 3046 (about 70 pip higher than the low).

The 3030s-3040s is a resistance area and the 3040s coincidentally is also on the 50% fib retracement area.

The price had now dropped about 60 pips after hitting the resistance and fib area but I don't think I noticed any obvious vsa bars on h1 and m15 before the drop especially that it almost reached the low of the day.

As I am still learning vsa, I would be glad if someone could direct me to things that I had missed which points out that we are expecting a drop from the 3040s.

I've heard about algo program buy/sells which usually happens on s/r and fib areas and was wondering if those could happen without a vsa confirmation.

Thank you.
  • #7,493
  • Nov 30, 2010 4:24pm Nov 30, 2010 4:24pm
Lol ... Hey I am the only one allowed to rant in here . As for euro 15 min had valid buys and sells today. Overall trend is down but bear rallies can be impulsive and big . There was one day last week eu went into 120 pop range x 4 moves

SAfe is trade with trend
But there are great counter trend trades and eu 15 min high vol bar was tested in us and produced a nice 70 pip trade
Blogging daily now at www.volume.zone
  • #7,494
  • Nov 30, 2010 4:27pm Nov 30, 2010 4:27pm
Quoting Stackhouse
We saw EU trend down since the London open today. Around mid part of the session at the low of the day I saw what I thought were reverse upthrust and shakeout bars which made me expect a retracement which then happened.

The peak of the retracement was about 3046 (about 70 pip higher than the low).

The 3030s-3040s is a resistance area and the 3040s coincidentally is also on the 50% fib retracement area.

The price had now dropped about 60 pips after hitting the resistance and fib area but I don't think I noticed any obvious vsa bars on h1...
try to look at fundementals ,like record bond yields in portugal,spain,ireland belgium germany,it shows that none wants them
why did it rise in tokyo ,because china is dropping the dollar and asian central banks are buying euro
u can get this stuff from thestreet.com and forexlive.com
many other things driving the euro down,like big investment banks dumping it,try looking at 1h chart with moving averages ,then look at 5m vsac,well thats wat i do,
anyway ask mal its best to learn the trade from him,

main thing is stay uptodate with everything
cheers!
  • #7,495
  • Nov 30, 2010 4:48pm Nov 30, 2010 4:48pm
Quoting Stackhouse
I am just wondering about the validity of vsa setups before London open and after new york closes when trading EU and GU.

If they are not truly valid, which last vsa setups would you first consider before the London open? Is it the last setup before New York closed ?
Personally I do not like trading anything but the London and US sessions since the majority of the major price moves happen during this time and professional activity is being conducted with greater volume making it easier to see on a chart. During the London session to the US close, volume will always be greater than at any other point in the day with the exception of major news events that catch the markets "off guard."

From personal experience; when I was first learning vsa the Asian session to London open always gave me trouble since the markets could rise or decline on volume that was very low. This led me to taking trades that I considered valid only to be stopped out when London opened. Since I now rarely take trades during this time period my trading has greatly improved.
  • #7,496
  • Edited 5:20pm Nov 30, 2010 4:49pm | Edited 5:20pm
Finally, I will go to sleep with half of that GU short still open - the first half was closed for +20 at 1.5552 (higher than firstly thought), and this half will be looking for a resuming of the downtrend (with SL at BE).
If it doesn't... tomorrow is another trading day!
  • #7,497
  • Nov 30, 2010 6:00pm Nov 30, 2010 6:00pm
A question for you volume guys....

Can anyone explain the large amount of volume in today's trading ? I went back through the Daily Charts and can't see a day with that much volume.
  • #7,498
  • Nov 30, 2010 6:31pm Nov 30, 2010 6:31pm
Quoting flipnfaith
A question for you volume guys....

Can anyone explain the large amount of volume in today's trading ? I went back through the Daily Charts and can't see a day with that much volume.
Price is bang in the middle of the confluence of 3 daily supply/demand delta zones. I suspect that something is about to happen in this area. The volume we are seeing right now may be the catalyst for that move.
  • #7,499
  • Nov 30, 2010 6:36pm Nov 30, 2010 6:36pm
Quoting Intel
If you're in, I think an exit order at 3050 might be somewhere near. It might go further but I think we might range for a while.

I goto go to work now so no more charts for me You guys will have to post them for me instead
I see it went to 3046. Ranging now.
  • #7,500
  • Nov 30, 2010 6:40pm Nov 30, 2010 6:40pm
Quoting Stackhouse
I saw potential heavy resistance on 3030s areaand with london closing and action slowing down, I did not trust to go long.
I will wait for trend continuation.
There was a valid setup long at 2998. 30 or 40 pips to be had.
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