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vsa with Malcolm

  • #8,201
  • Dec 27, 2010 11:47am Dec 27, 2010 11:47am
Quoting Intel
Quick quiz question for anyone who wants to answer

Why does this short setup go against us?
Knowing where I set my SL for this type of trade, how many pips would Intel have lost on this trade?

Please PM me with the answers for now and I'll post all of them once a few have had chance to answer.
Some answers coming in now.

amletit - try again!
PrymeTyme - You've picked up on some good points there but you've missed the big ones.

No one has answered the second part of the question yet!!!
  • #8,202
  • Dec 27, 2010 11:57am Dec 27, 2010 11:57am
Quoting Intel
Quick quiz question for anyone who wants to answer

Why does this short setup go against us?
Knowing where I set my SL for this type of trade, how many pips would Intel have lost on this trade?

Please PM me with the answers for now and I'll post all of them once a few have had chance to answer.
I love it. Teach on.......

I don't want to give anything away, but the trend is not just our friend, it's our lover.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,203
  • Dec 27, 2010 11:58am Dec 27, 2010 11:58am
Try again meaning "you were close but you missed it" or....

"find a good job in a hot line where the only leverage you'll be talking about is a blue pill" ??


  • #8,204
  • Dec 27, 2010 11:58am Dec 27, 2010 11:58am
Quoting alexm
.......

For the "Hull moving average" in my MT4 MA setting should be how many day? exponential?
Do you know, I was also interested in this. I tried to compare the HG charts to find out what periods he uses. In the previous posts this Chaos Price Attractor Line is an EMA 10 shifted 3 periods ahead, only in the last post 8177 he uses EMA13 shifted 4 periods ahead. May be he can explain when and why he changes settings. Volatility ?!?!??
  • #8,205
  • Dec 27, 2010 12:08pm Dec 27, 2010 12:08pm
Quoting amletit
Try again meaning "you were close but you missed it" or....

"find a good job in a hot line where the only leverage you'll be talking about is a blue pill" ??



Nice.

You've missed the most important parts as to why this short setup went against us.

Also, how many pips would I have lost on this trade (being newer to the thread than most you might need to look back over some of my charts to see where I place my SL.........b*gger it I'l just tell you.....2 pips above the UT)?
  • #8,206
  • Dec 27, 2010 12:11pm Dec 27, 2010 12:11pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Quoting Intel
Quick quiz question for anyone who wants to answer

Why does this short setup go against us?
Knowing where I set my SL for this type of trade, how many pips would Intel have lost on this trade?

Please PM me with the answers for now and I'll post all of them once a few have had chance to answer.
i want to make sure i understand your question first. Youre asking why after you see the high vol up bar you're wondering why it didnt fall?

assuming you took a short under the upthrust and placed your SL above it you would have lost aprox 12 pips.

but given you said my answer was wrong about it being tested for supply, which there was none, so the move had permission to move higher i do not understand.

A high volume up bar does indicate weakness, dependent of course on whats in the backround and to the side cause it could be strength.
  • #8,207
  • Dec 27, 2010 12:24pm Dec 27, 2010 12:24pm
Quoting jaboo
i want to make sure i understand your question first. Youre asking why after you see the high vol up bar you're wondering why it didnt fall?

assuming you took a short under the upthrust and placed your SL above it you would have lost aprox 12 pips.

but given you said my answer was wrong about it being tested for supply, which there was none, so the move had permission to move higher i do not understand.

A high volume up bar does indicate weakness, dependent of course on whats in the backround and to the side cause it could be strength.
The shaded area contains a short setup consisting of

SoW (the wide spread up bar on high volume closing off the high. Containing selling. Actually there are at least 2 of these)
UT 7 or 8 bars later.
UT confirmation 2 bars later.
ND

I have shown many charts with this setup in it. This one goes against us. Why? Knowing how I trade these setups on all my other charts, how many pips would I have lost?


ND
  • #8,208
  • Dec 27, 2010 12:31pm Dec 27, 2010 12:31pm
Oh and by the way, just incase any of you think I'm messing you around. HG just PM'd an answer and hit the nail on the head in one!!!!!!

Not that it was aimed at one of my tutors
  • #8,209
  • Dec 27, 2010 12:38pm Dec 27, 2010 12:38pm
Teacheeeeer invalidate the exam!!!!!
I was looking at the vertical line at the very left of the chart!!!!
I am color blind and saw no shaded areaaaaaaaa!!!!

ok.....now let's start from the beginning....

  • #8,210
  • Dec 27, 2010 12:41pm Dec 27, 2010 12:41pm
Quoting amletit
Teacheeeeer invalidate the exam!!!!!
I was looking at the vertical line at the very left of the chart!!!!
I am color blind and saw no shaded areaaaaaaaa!!!!

ok.....now let's start from the beginning....

What!!!
  • #8,211
  • Dec 27, 2010 12:43pm Dec 27, 2010 12:43pm
PrymeTyme

You're dancing around it but havn't quite put your finger on the important bits.
  • #8,212
  • Dec 27, 2010 12:44pm Dec 27, 2010 12:44pm
Quoting Intel
Quick quiz question for anyone who wants to answer

Why does this short setup go against us?
Knowing where I set my SL for this type of trade, how many pips would Intel have lost on this trade?

Please PM me with the answers for now and I'll post all of them once a few have had chance to answer.

eurchf...

I know.... look at 60 min and 2 hr euro. It is being accumulated .. that is why trade did not work. Last weeks close eu 3120 being bought on all dips
Blogging daily now at www.volume.zone
  • #8,213
  • Dec 27, 2010 12:49pm Dec 27, 2010 12:49pm
Quoting malcolmb14
eurchf...

I know.... look at 60 min and 2 hr euro. It is being accumulated .. that is why trade did not work. Last weeks close eu 3120 being bought on all dips

And i did all this messy shame in front of the director.....

  • #8,214
  • Dec 27, 2010 12:55pm Dec 27, 2010 12:55pm
Maybe off topic but i beg you christmas forgiveness....

I have noticed that when Malcom pops up in forum eur goes up....

I wonder if one could play Malcom's welcomes instead of news....


  • #8,215
  • Dec 27, 2010 1:02pm Dec 27, 2010 1:02pm
Quoting malcolmb14
eurchf...

I know.... look at 60 min and 2 hr euro. It is being accumulated .. that is why trade did not work. Last weeks close eu 3120 being bought on all dips
LOL
Well there is that aswell. Hope you had a good christmas my friend.
  • #8,216
  • Dec 27, 2010 1:03pm Dec 27, 2010 1:03pm
Quoting amletit
Maybe off topic but i beg you christmas forgiveness....

I have noticed that when Malcom pops up in forum eur goes up....

I wonder if one could play Malcom's welcomes instead of news....


  • #8,217
  • Dec 27, 2010 1:03pm Dec 27, 2010 1:03pm
Quoting amletit
Maybe off topic but i beg you christmas forgiveness....

I have noticed that when Malcom pops up in forum eur goes up....

I wonder if one could play Malcom's welcomes instead of news....



eu is range bound right now and will be till next week I think .

support 3080 , r 3150. It has been in this range for almost 2 weeks now.

If you look at a 60 min and 2 hour seems that high volume is on the down bars in the 3100 area

daily close above 3200 bears are in trouble
Blogging daily now at www.volume.zone
  • #8,218
  • Dec 27, 2010 1:04pm Dec 27, 2010 1:04pm
Quoting dreamtheater
.... In the previous posts this Chaos Price Attractor Line is an EMA 10 shifted 3 periods ahead, only in the last post 8177 he uses EMA13 shifted 4 periods ahead. May be he can explain when and why he changes settings. Volatility ?!?!??
Actually, it's a 7 (number of completion) period smoothed average that is shifted 4 periods ahead. I was using a 5 period smoothed average shifted 3 intervals ahead, but I wanted a bit more "room" for the stop. 7/4 is a bit quicker than 8/5 ( the next line in Bill Williams' alligator).

The balance point is simply (H+L+C)/3.

Ensign software is not easy for me to program in, so I could not use the Balance Line dynamically. Plus I am using a 34 period hull. This offsets the need for a higher timeframe tool.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,219
  • Dec 27, 2010 1:10pm Dec 27, 2010 1:10pm
Quoting malcolmb14
eu is range bound right now and will be till next week I think .

support 3080 , r 3150. It has been in this range for almost 2 weeks now.

If you look at a 60 min and 2 hour seems that high volume is on the down bars in the 3100 area

daily close above 3200 bears are in trouble
2 hr chart

wide spread down to 3200 , that is trigger level for 3330 to 3500 long

1)rounded bottom all down bars high vol.

2) bull div rsx .

3 ) xmas holding period if pros wanted lower prices i think would have been moved to 3500 with dj and dax flying high and then distributed...

Other good vsa traders think I am wrong on this one, so I may have completely misread things.

However for now we are range bound 3080 to 3180 till we are not
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Blogging daily now at www.volume.zone
  • #8,220
  • Dec 27, 2010 1:46pm Dec 27, 2010 1:46pm
Quoting Intel
Quick quiz question for anyone who wants to answer

Why does this short setup go against us?
Knowing where I set my SL for this type of trade, how many pips would Intel have lost on this trade?

Please PM me with the answers for now and I'll post all of them once a few have had chance to answer.
Ok there were plenty of replies to this, some good, some not so good . But I want to thank everyone who had a go, it makes it worthwhile puting the questions up.

There are 2 charts. The 1st shows the supposed setup. The 2nd shows the 3 main points for concern.

It should be noted that ALL 3 points for concern come AFTER the 'signs of weakness'. It can be said that the EFFORT to turn bearish could not follow through.

How many pips would I have lost on this trade?
The answer should be obvious now.......none, since the entry was not triggered even if I missed the other indications. It has to be said at this stage, that had I been watching this in real time and the entry WAS triggered, I might have entered. Who can say
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