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vsa with Malcolm

  • #7,901
  • Dec 15, 2010 8:20am Dec 15, 2010 8:20am
Quoting Sonofsin5
If we can break todays lows 3289 should be on the cards.
Almost to the pip.

Now we have very interesting price action around 3330. There is a definite battle going on there between bulls and bears. As of now we have tested the low of the FOMC high volume bar on the 15 and hourly. It looks like testing to me but I wont be long unless 3360 is taken out.
  • #7,902
  • Dec 15, 2010 8:41am Dec 15, 2010 8:41am
Quoting Sonofsin5
Almost to the pip.

Now we have very interesting price action around 3330. There is a definite battle going on there between bulls and bears. As of now we have tested the low of the FOMC high volume bar on the 15 and hourly. It looks like testing to me but I wont be long unless 3360 is taken out.
Eur chart
Attached Image (click to enlarge)
Click to Enlarge Name: Eur15minoutlook.png Size: 36 KB
  • #7,903
  • Dec 15, 2010 9:05am Dec 15, 2010 9:05am
Check your 1hour charts people, Eur could easily move higher, I'm not saying it will but there is definite signs of strength on multiple timeframes.
  • #7,904
  • Dec 15, 2010 9:26am Dec 15, 2010 9:26am
Quoting HiddenGap
Like I said, a pretty aggressive entry. My journal will include this:

"Do not like the No Supply bar used as an entry. The bar makes a higher high and not a lower low than the previous bar. Would rather see a lower low and not a higher high or an inside bar in this situation........."

Other thoughts. Once you see the wide spread up bar on ultra high volume you need to be looking to move your inital stop or take some profits. This bar could be pushing thru supply as there is a top to the left, but the high volume should get your trade management...
I think that was 5 min accumulation and that was the TOP ...Nice call at the bottom..
and Nice to have you Back-- Now , we gotta get mal away from the craps table..lol

are you still in Vegas ?
  • #7,905
  • Dec 15, 2010 9:38am Dec 15, 2010 9:38am
Quoting taomql4
I think that was 5 min accumulation and that was the TOP ...Nice call at the bottom..
and Nice to have you Back-- Now , we gotta get mal away from the craps table..lol

are you still in Vegas ?
hopefully he hasn't changed profession.

http://www.dailymail.co.uk/news/arti...5milllion.html
Change is the only constant
  • #7,906
  • Dec 15, 2010 10:06am Dec 15, 2010 10:06am
Anyone want to buy 1.5 mill worth of chips for 100 k only ... One day offer lol

Quoting tgwhbb
hopefully he hasn't changed profession.

http://www.dailymail.co.uk/news/arti...5milllion.html
Blogging daily now at www.volume.zone
  • #7,907
  • Dec 15, 2010 10:21am Dec 15, 2010 10:21am
Quoting taomql4
I think that was 5 min accumulation and that was the TOP ...Nice call at the bottom..
and Nice to have you Back-- Now , we gotta get mal away from the craps table..lol

are you still in Vegas ?
Hey you watch your mouth......Mals not 'Crap'.......well.......not at forex anyway
  • #7,908
  • Dec 15, 2010 10:25am Dec 15, 2010 10:25am
I blame the losses on the g and t or was it the martinis ??? Lol

Gu nice sell mode today and eu looks to be sell rallies . The relief rally / sideways action we have seen last 2 weeks maybe die to quadruple witching Friday. They tend to unwind positions before day of expiration now

Quoting Intel
Hey you watch your mouth......Mals not 'Crap'.......well.......not at forex anyway
Blogging daily now at www.volume.zone
  • #7,909
  • Edited 10:39am Dec 15, 2010 10:31am | Edited 10:39am
Quoting piotr-fx
hello Intel,
I really like your chart, I am quite new here and sorry for my rookie question: where can I read what SO, ND and NS mean? when I tried to search FF fro VSA I got so many results. Is there a kind of summary, short description to get me familiar with general idea.
Thank you in advance
Thanks but that wasn't one of my charts, I just annotated someone elses.

Foxy is right. Look for Master The Markets by Tom Williams, it is widely available here at FF (Forex Factory). If you look in the attachments folder in the top right of this thread, it will probably be in there somewhere(sorry I cant think of where it is exactly off hand). MTM is where most of the abbreviations begin.

a few common ones are :-

SO shakeout
UT up thrust
ND no demand
NS no supply
NSP no selling pressure
NBP no buying pressure
HV high volume
LV low volume
UHV ultra high volume
ULV ultra low volume
EORM end of a rising market

There are many more to consider but the main thing is to read MTM as the starting point for your VSA journey. You will never understand VSA if you dont.
  • #7,910
  • Dec 15, 2010 10:41am Dec 15, 2010 10:41am
Quoting HiddenGap
Lots of strength in the Euro (5 min) need to see how it plays out.
Like the new style charts HG. Have you moved to TG?
  • #7,911
  • Dec 15, 2010 10:48am Dec 15, 2010 10:48am
Quoting Intel
Thanks but that wasn't one of my charts, I just annotated someone elses.

Foxy is right. Look for Master The Markets by Tom Williams, it is widely available here at FF (Forex Factory). If you look in the attachments folder in the top right of this thread, it will probably be in there somewhere(sorry I cant think of where it is exactly off hand). MTM is where most of the abbreviations begin.

a few common ones are :-

SO shakeout
UT up thrust
ND no demand
NS no supply
NSP no selling pressure
NBP no buying pressure
HV high volume
LV low volume
UHV...
Im finding "The Undeclared secrets that drive stock market" from TOM WILLIAM, "Better" than Master the Markets, at least easy to understand.
Greetings, BeLikewater
  • #7,912
  • Dec 15, 2010 10:55am Dec 15, 2010 10:55am
Quoting BeLikeWater
Im finding "The Undeclared secrets that drive stock market" from TOM WILLIAM, "Better" than Master the Markets, at least easy to understand.
I know we always quote MTM but USDSM is also very good. Both should be read really but if you tell newbies that they should read both of those big books, they just glaze over and go back to using a weather vain for trading

If you can remember where the link is for USDSM would you post it please cos I cant remember.
  • #7,913
  • Dec 15, 2010 11:11am Dec 15, 2010 11:11am
Quoting Intel
I know we always quote MTM but USDSM is also very good. Both should be read really but if you tell newbies that they should read both of those big books, they just glaze over and go back to using a weather vain for trading

If you can remember where the link is for USDSM would you post it please cos I cant remember.
I dont know im just a pirate and type "Tom williams" in www.4shared.com:nerd:
Greetings, BeLikewater
  • #7,914
  • Dec 15, 2010 11:53am Dec 15, 2010 11:53am
Here's a very good 30 page summary of VSA; not sure of the source - looks like a Tradeguider provided/created PDF. Worthy of posting and rereading over and over and over ...
Attached File(s)
File Type: pdf VSA BASICS from MTM.pdf   1.6 MB | 1,101 downloads
  • #7,915
  • Dec 15, 2010 1:15pm Dec 15, 2010 1:15pm
Quoting Beljevina
Here's a very good 30 page summary of VSA; not sure of the source - looks like a Tradeguider provided/created PDF. Worthy of posting and rereading over and over and over ...
Yes this is an excellent reference point. I think it was made by Forexflash in Shamus' thread.
  • #7,916
  • Dec 15, 2010 3:11pm Dec 15, 2010 3:11pm
Quoting BeLikeWater
Im finding "The Undeclared secrets that drive stock market" from TOM WILLIAM, "Better" than Master the Markets, at least easy to understand.
A really great trader at another board used to speak very highly of Undeclared.........

That trader is now part of the Tradeguider family. Moral of the story: get both. Especially since you can get MTM for free.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #7,917
  • Dec 15, 2010 3:15pm Dec 15, 2010 3:15pm
I'm looking for some help with a DYO for Ensign. I need to figure out how to paint volume less than the previous two. Can anybody help?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #7,918
  • Dec 15, 2010 3:23pm Dec 15, 2010 3:23pm
Quoting HiddenGap
I'm looking for some help with a DYO for Ensign. I need to figure out how to paint volume less than the previous two. Can anybody help?
Do you already have the volume indicator? And does it paint different colours already?
  • #7,919
  • Dec 15, 2010 3:44pm Dec 15, 2010 3:44pm
Quoting HiddenGap
I'm looking for some help with a DYO for Ensign. I need to figure out how to paint volume less than the previous two. Can anybody help?
you could compute average from 2 bars before (i+1, i+2) and draw line (simple average), then you will know if current bar volume is greater than previous two, another thing is to compute projected volume instead of current
  • #7,920
  • Dec 15, 2010 3:51pm Dec 15, 2010 3:51pm
Quoting McL
you could compute average from 2 bars before (i+1, i+2) and draw line (simple average), then you will know if current bar volume is greater than previous two, another thing is to compute projected volume instead of current
The average one wont tell him if the current is lower than the lowest bar, just the average of the 2.

There is a projected volume indi for ensign but it doesnt have the < than prev 2 function.

What do you think McL?
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