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vsa with Malcolm

  • #7,921
  • Dec 15, 2010 4:02pm Dec 15, 2010 4:02pm
Quoting Intel
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?
I don't know ensign, but in that case in MT4 or JForex I would compute min of two bars (dMinVol), volume or projected volume (dVol) for bar (of course for current bar it will change in time) and draw red dot if dVol < dMinVol and green if opposite
  • #7,922
  • Dec 15, 2010 4:34pm Dec 15, 2010 4:34pm
I see 1.27 in the near future...
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  • #7,923
  • Dec 15, 2010 5:35pm Dec 15, 2010 5:35pm
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?
Try the attached. See what happens
Attached File(s)
File Type: doc Ok HG.doc   40 KB | 541 downloads
  • #7,924
  • Edited 10:38pm Dec 15, 2010 10:10pm | Edited 10:38pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
I think SM started distributing around bar A.

A - Ulta high volume. Indication that supply is hitting the market.
B - High volume, closing off the highs, more selling.
C - No demand going up in to bar B area.
D - Decent volume, NARROW spread. Herd is buying while SM is selling.
E - Weakness confirmed by this bar.
F - Narrow spread, high volume. People are rushing in to catch this breakout while SM is enjoying selling to the herd.
G - Decreasing volume. Closing off the highs. NO Demand here.

Distribution completed.

I think .5347 might be the next stop.

Also take a look at the weekly chart. Weakness definitely there.
Attached Image (click to enlarge)
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  • #7,925
  • Dec 16, 2010 1:47am Dec 16, 2010 1:47am
Quoting jaboo
I think SM started distributing around bar A.

A - Ulta high volume. Indication that supply is hitting the market.
B - High volume, closing off the highs, more selling.
C - No demand going up in to bar B area.
D - Decent volume, NARROW spread. Herd is buying while SM is selling.
E - Weakness confirmed by this bar.
F - Narrow spread, high volume. People are rushing in to catch this breakout while SM is enjoying selling to the herd.
G - Decreasing volume. Closing off the highs. NO Demand here.

Distribution completed.

I think .5347 might...
Just go carefull jaboo. I think we may see a retrace up to the 5660 area.
  • #7,926
  • Dec 16, 2010 1:59am Dec 16, 2010 1:59am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Intel
Just go carefull jaboo. I think we may see a retrace up to the 5660 area.
i dont disagree with a retrace. actually looking for, at the moment, a break .5572.

.5527 showed some bullishness. though on the 15 minutes that no demand bar in the previous area of high vol doesnt look promising to the up side.

Will wait and see.
  • #7,927
  • Dec 16, 2010 3:36am Dec 16, 2010 3:36am
Quoting jaboo
I think SM started distributing around bar A.

A - Ulta high volume. Indication that supply is hitting the market.
B - High volume, closing off the highs, more selling.
C - No demand going up in to bar B area.
D - Decent volume, NARROW spread. Herd is buying while SM is selling.
E - Weakness confirmed by this bar.
F - Narrow spread, high volume. People are rushing in to catch this breakout while SM is enjoying selling to the herd.
G - Decreasing volume. Closing off the highs. NO Demand here.

Distribution completed.

I think...

To mee GU is In accumulation ATM ... its strenghten.. check
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  • #7,928
  • Dec 16, 2010 3:56am Dec 16, 2010 3:56am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting PrymeTyme
To mee GU is In accumulation ATM ... its strenghten.. check
Nice charts.

I'm not saying thats not possible. I was just explaining the down move.

Im currently long from .5570 with S/L at B/E. my TP is at .5650.

I still think we might go down a bit more though. Definitely saw strength at the .5525 which i have a strong support line at. Will look for weakness to short.

though if you believe they are accumulating, do you think it's all up from here? Im not convinced.
  • #7,929
  • Dec 16, 2010 4:08am Dec 16, 2010 4:08am
Quoting jaboo
Nice charts.

I'm not saying thats not possible. I was just explaining the down move.

Im currently long from .5570 with S/L at B/E. my TP is at .5650.

I still think we might go down a bit more though. Definitely saw strength at the .5525 which i have a strong support line at. Will look for weakness to short.

though if you believe they are accumulating, do you think it's all up from here? Im not convinced.
yepp i do think its going up from here now .. i even think u willl get your TP hit
by tomorrow...

take care .. gotta go now
  • #7,930
  • Dec 16, 2010 5:40am Dec 16, 2010 5:40am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
VSA set up for long on the GU.

at +52. S/L at BE.
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  • #7,931
  • Dec 16, 2010 8:11am Dec 16, 2010 8:11am
am i right?
http://img692.imageshack.us/img692/3861/chstty278.gif

does anyone wanna have a guess where this is going>?

http://img684.imageshack.us/img684/3861/chstty278.gif

im hoping up,cos im in a usdjpy short

night evryone!
  • #7,932
  • Dec 16, 2010 8:15am Dec 16, 2010 8:15am
Quoting jaboo
VSA set up for long on the GU.

at +52. S/L at BE.
Hi Jaboo, nice pips

I'wd like to point out some methodical error in your analysis:

The area in in which you indicated "area of supply" on the left of you screen, this is actually the 1st sign of strength or a form of preliminary support (PS) as per wyckoff analysis

The area which you'd point out to be test of previous supply, i think it should be a form of test of previous support rather, namely the PS level

IN addition i have also include in my chart some essential test that have not indicate...

hope is helpful

Cheers
Las

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  • #7,933
  • Dec 16, 2010 8:50am Dec 16, 2010 8:50am
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting lascavel
Hi Jaboo, nice pips

I'wd like to point out some methodical error in your analysis:

The area in in which you indicated "area of supply" on the left of you screen, this is actually the 1st sign of strength or a form of preliminary support (PS) as per wyckoff analysis

The area which you'd point out to be test of previous supply, i think it should be a form of test of previous support rather, namely the PS level

IN addition i have also include in my chart some essential test that have not indicate...

hope is helpful

Cheers
Las

Attachment ...
hey mate,

youre absolutely right. I think i just did a bad job of articulating what i meant lol. used the wrong terms.

that of course was a sign of strength. the reasoning i was looking for a long but i wanted to test the suply in that area.
  • #7,934
  • Dec 16, 2010 8:51am Dec 16, 2010 8:51am
Wow I hope we get some more movement in the Eur soon or I may be forced to watch cnbc or something, at least that keeps me awake.
  • #7,935
  • Dec 16, 2010 9:11am Dec 16, 2010 9:11am
Quoting Sonofsin5
Wow I hope we get some more movement in the Eur soon or I may be forced to watch cnbc or something, at least that keeps me awake.
lol, they read my post, go euro
  • #7,936
  • Dec 16, 2010 9:20am Dec 16, 2010 9:20am
Quoting PrymeTyme
To mee GU is In accumulation ATM ... its strenghten.. check

thinking the opposite myself

even this small bear flag got hit by sellers

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  • #7,937
  • Dec 16, 2010 9:21am Dec 16, 2010 9:21am
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...
thanks Intel,
I am already in progress with reading MTM and all I was able to find

I have another question: is here anybody who uses VSA with mid/long term trading rather than intraday? I am technical analyst and I do not trade intraday and as for now I can see that volume spread seems very, very interesting tool to combine with TA. thanks again
  • #7,938
  • Dec 16, 2010 9:56am Dec 16, 2010 9:56am
Quoting malcolmb14
thinking the opposite myself

even this small bear flag got hit by sellers

Attachment
There was NS in H1 few hours ago, so maybe this downmove is Kansas City Shuffle?
  • #7,939
  • Dec 16, 2010 10:13am Dec 16, 2010 10:13am
Quoting piotr-fx
I have another question: is here anybody who uses VSA with mid/long term trading rather than intraday?
H1 is good with mid/long term trading.
  • #7,940
  • Dec 16, 2010 10:19am Dec 16, 2010 10:19am
potential stopping vol 30 min gu now...

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