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vsa with Malcolm

  • #7,861
  • Dec 14, 2010 10:27am Dec 14, 2010 10:27am
Quoting malcolmb14
Vegas and fx are no different . One minute you have doubled your account the next blown it . I blame it in the gin and tonics ... Lol
You will be O.K., just as long you don't end up like this...

http://www.unionversity.com/wp-conte...nk-drawing.jpg
I trade what I see on my charts. Do Not listen to the Muppets.
  • #7,862
  • Dec 14, 2010 11:24am Dec 14, 2010 11:24am
A little bit of a boring response to FMOC.
  • #7,863
  • Dec 14, 2010 11:28am Dec 14, 2010 11:28am
I have started to study VSA, and im liking it a lot. I am asking myself in one of you could recommend me a good broker for analize the XAG/USD XAU/USD pairs (gold&silver), at the moment i use FXCM trading station.

Thank You
Greetings, BeLikewater
  • #7,864
  • Dec 14, 2010 11:31am Dec 14, 2010 11:31am
Quoting Sonofsin5
A little bit of a boring response to FMOC.
50 pips pre and post delta (so far) on EURUSD ain't too bad. Looks like USD strength at the expense of euro selling - pretty big volume and a close close to bottom with lower potentially coming - should stay in the supply zone though. Check the huge citibank LP volumes - seems like sellers are getting absorbed so far.
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  • #7,865
  • Dec 14, 2010 11:51am Dec 14, 2010 11:51am
If we can break todays lows 3289 should be on the cards.
  • #7,866
  • Dec 14, 2010 1:29pm Dec 14, 2010 1:29pm
Quoting Sonofsin5
Will this be a "sell the rumor buy the fact day" before the FOMC. I'll post my one trade for the day so far which was a loss,(we all take a hit sometimes.)

I wonder if any other traders saw this. The chart is a 15 min time-frame. The ultra-high volume pin/test bar was in the right place testing the area of demand which had previously taken the market to 3500. I ruled out the 2bar reversal behind me as well as the multiple nd's on the chart to my injury.

Now we have some volume coming in at the 3380 level which may prove able to hold the market...
I can't see my charts at the moment but from yours, it looks like absorbtion volume from the previously respected top to the left.

As a rule of thumb, if we get bearish volume on a bearish bar moving towards the support area and then we see high volume and a much narrower spread on a bar at the support, it's probably absorbtion.
  • #7,867
  • Dec 14, 2010 1:50pm Dec 14, 2010 1:50pm
Hey, how do you trade from the iPhone...? Some sort of app? With volume?

Thanks
Oz
  • #7,868
  • Dec 14, 2010 1:58pm Dec 14, 2010 1:58pm
Quoting ozzieb88
Hey, how do you trade from the iPhone...? Some sort of app? With volume?

Thanks
Oz
ditto. none of the apps i've found have volume...which do you use Mal?
Change is the only constant
  • #7,869
  • Dec 14, 2010 3:02pm Dec 14, 2010 3:02pm
Quoting tgwhbb
ditto. none of the apps i've found have volume...which do you use Mal?
I believe esignal on the iphone.
  • #7,870
  • Dec 14, 2010 3:02pm Dec 14, 2010 3:02pm
Quoting Intel
I can't see my charts at the moment but from yours, it looks like absorbtion volume from the previously respected top to the left.

As a rule of thumb, if we get bearish volume on a bearish bar moving towards the support area and then we see high volume and a much narrower spread on a bar at the support, it's probably absorbtion.
Hindsights a great thing.
  • #7,871
  • Dec 14, 2010 3:03pm Dec 14, 2010 3:03pm
curious too.

I use android, traderinterceptor has volume.

Quoting tgwhbb
ditto. none of the apps i've found have volume...which do you use Mal?
  • #7,872
  • Dec 14, 2010 3:49pm Dec 14, 2010 3:49pm
Quoting Sonofsin5
Hindsights a great thing.

As a 'general rule of thumb', that rule applys whether you're using hindsight or looking at the right edge.
  • #7,873
  • Dec 14, 2010 3:57pm Dec 14, 2010 3:57pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
No demand in the highlighed area and the GU drops to her knees like a hooker getting offered 100 bucks.
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  • #7,874
  • Dec 14, 2010 4:11pm Dec 14, 2010 4:11pm
Overall guys and girls , I do not recommend trading off an iPhone . I was just followjng the market . However a great way to look at charts is get log me in software that connects to your home trading computer. I can control every app on my home computer right from the iPhone.

Looks like sono was right , bs move on eu to test1.3500 before fomc . The bs was even more obvious on gu. Feds have accelerated the 600 billion qe2 , ofigi
Originaly it was supposed to be over 1 year and now they are accelerating it to 1st quarter 2011at 75 bill per month , shows desperation in a stagnent or shrinking economy if you ask me.

Look for 1.3180 test eu now
Quoting Sonofsin5
I believe esignal on the iphone.
Blogging daily now at www.volume.zone
  • #7,875
  • Dec 14, 2010 4:14pm Dec 14, 2010 4:14pm
Quoting jaboo
No demand in the highlighed area and the GU drops to her knees like a hooker getting offered 100 bucks.
A few annotations if you dont mind me ruining your chart
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  • #7,876
  • Dec 14, 2010 7:35pm Dec 14, 2010 7:35pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Intel
A few annotations if you dont mind me ruining your chart
no man, i appreciate it much.

thanks!
  • #7,877
  • Dec 14, 2010 7:47pm Dec 14, 2010 7:47pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
my opinion on the GU
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  • #7,878
  • Dec 14, 2010 8:17pm Dec 14, 2010 8:17pm
Quoting jaboo
my opinion on the GU
From your previous chart which is the daily, since the last low, the bars have almost alternated between up and down. But the last down bar(the one which I said might be part of a 2 bar reversal) is the first down bar that isnt on less volume than the previous 2 bars. In fact, that one is on volume GREATER than the previous 2. Showing weakness is around. The question is, how much?
  • #7,879
  • Dec 14, 2010 8:49pm Dec 14, 2010 8:49pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Intel
From your previous chart which is the daily, since the last low, the bars have almost alternated between up and down. But the last down bar(the one which I said might be part of a 2 bar reversal) is the first down bar that isnt on less volume than the previous 2 bars. In fact, that one is on volume GREATER than the previous 2. Showing weakness is around. The question is, how much?
We need to see if there is any demand where the supply came back into the market.

If there is none then we can go back down. However if we can break above that then we are in the clear to move up to around .5950 ish.
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  • #7,880
  • Dec 14, 2010 10:38pm Dec 14, 2010 10:38pm
Lots of strength in the Euro (5 min) need to see how it plays out.
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Without VSA, you're playing checkers while the Smart Money plays chess.
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