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vsa with Malcolm

  • #8,301
  • Dec 29, 2010 5:00am Dec 29, 2010 5:00am
Quoting Intel
OK, I've gone against my usual entry rules and entered at the support area.

I'll probably live to regret it.
Not this time
  • #8,302
  • Dec 29, 2010 5:00am Dec 29, 2010 5:00am
Quoting Intel
OK, I've gone against my usual entry rules....
Many a sad tale begins with a line like this. Keep a close watch my friend.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,303
  • Dec 29, 2010 5:06am Dec 29, 2010 5:06am
Quoting HiddenGap
Many a sad tale begins with a line like this. Keep a close watch my friend.
Oh I know... I'm a stickler for following my rules normally. Dunno whats wrong today.
  • #8,304
  • Dec 29, 2010 5:07am Dec 29, 2010 5:07am
So now we have, Dr.G, HG and Mal,...possibly the best thread on FF?
Seek not to change the world; seek only to change your mind about the world
  • #8,305
  • Dec 29, 2010 5:12am Dec 29, 2010 5:12am
http://newcomicreviews.com/cliches/hammertime.gif

the red horizontal line is the close of the markup bar- the close of the bar when high vol first appeared. trigger number i pay attention to. often price gets accumulated/ distributed around those areas to come back for a final test with heavy reaction and then taking off.
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  • #8,306
  • Dec 29, 2010 5:15am Dec 29, 2010 5:15am
Quoting gez40
So now we have, Dr.G, HG and Mal,...possibly the best thread on FF?
There's no 'possibly' about it.

I wish we could bottle their combined trading knowledge and...............give it all to me !!!!!!!!!!!!!!!!!!!!!!!!!
  • #8,307
  • Dec 29, 2010 5:15am Dec 29, 2010 5:15am
Quoting HiddenGap
Don't quote me on this, but I think I saw somewhere that Tom said he does prefer tick volume to actaul volume at times. Even if that is not correct, I think a good case can be made for tick volume versus actual volume.
whichever is better i'm thinking that tick volume still acts as a relatively close proxy to actual volume. Essentially when looking at volume we're trying to gauge where the professional interest is. Unsurprisingly the pro's are trying to hide such information and usually split their orders up into equally sized smaller lots so while ticks don't capture size of orders it does show how many orders are moving prices around.
  • #8,308
  • Dec 29, 2010 5:17am Dec 29, 2010 5:17am
Hello Beljevina!
Look, I'm using the Volume provided by my broker Alpari. On the phone they explained that it's not tick volume. Their volume is their orders. That means it's Alpari herd volume?!
May I ask you what your using?
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Look, my 15 min chart looks like this. I highlighted what I think is a no demand bar. Volume is decreasing. On your chart there is less volume!
  • #8,309
  • Dec 29, 2010 5:19am Dec 29, 2010 5:19am
I feel very uncomfortable in this trade so I've closed with a couple of pips in the bag.

I really should know better than to enter against my own trading plan. Thankfull I didnt get burnt.

  • #8,310
  • Dec 29, 2010 5:33am Dec 29, 2010 5:33am
Quoting Plata
Hello Beljevina!
Look, I'm using the Volume provided by my broker Alpari. On the phone they explained that it's not tick volume. Their volume is their orders. That means it's Alpari herd volume?!
May I ask you what your using?
Attachment
Look, my 15 min chart looks like this. I highlighted what I think is a no demand bar. Volume is decreasing. On your chart there is less volume!
By default, always assume that at least the 1st person that you talk to at ANY support desk is 1) confused 2) doesn't know what he's talking about and 3) making stuff up. Trust me - I've setup and managed call & support centers.

It's probably an interpretation thing: tick volume is kind of like order volume, as echoed back from their liquidity provider. I removed a double indi from my better volume indicator and you can now see the volume on that high bar is about 1900. My broker is collectivefx who should be echoing back to me citibank (the LP) orders.

Don't get hung up on the actual volume, since it is more important that the bar to bar volumes are different and distinguishable. And then, you put that together with the height of the bar and where the close was, and string together the story from bar to bar, and you realize that actual volume/tick quantity is a small part of trying to build an accurate VSA picture.
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  • #8,311
  • Dec 29, 2010 5:38am Dec 29, 2010 5:38am
Quoting Beljevina
By default, always assume that at least the 1st person that you talk to at ANY support desk is 1) confused 2) doesn't know what he's talking about and 3) making stuff up. Trust me - I've setup and managed call & support centers.


Ohhhhhh you Sooooo know what you're talking about
  • #8,312
  • Dec 29, 2010 5:46am Dec 29, 2010 5:46am
nice one bel

a few weeks ago i was forced (by my better half) to watch a bollywood movie. at least, it had some funny parts. there was a indish food shopowner, serving a client. when he finished, his mobile phone rang. he picked it up, saying something like "dell computer service line, how can i hel you?" this pretty much reflects the truth out there
  • #8,313
  • Dec 29, 2010 5:49am Dec 29, 2010 5:49am
Quoting Beljevina
By default, always assume that at least the 1st person that you talk to at ANY support desk is 1) confused 2) doesn't know what he's talking about and 3) making stuff up. Trust me - I've setup and managed call & support centers.

It's probably an interpretation thing: tick volume is kind of like order volume, as echoed back from their liquidity provider. I removed a double indi from my better volume indicator and you can now see the volume on that high bar is about 1900. My broker is collectivefx who should be echoing back to me citibank (the LP)...
Many thanks for your kind response!!!
Alpari says Volume is 405.0000 =) I think I have the same better volume (1.4). How is the double Indi removed and what is the result?
OK, so its more the volume in relation to the preceding volume. Nice...
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  • #8,314
  • Dec 29, 2010 5:50am Dec 29, 2010 5:50am
bearflag characteristics
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  • #8,315
  • Dec 29, 2010 5:52am Dec 29, 2010 5:52am
Quoting Dr.Geppynius
ticks represent price changes in a defined period.
big morders MUST produce more ticks, always. so it is impossible to hide and i even prefer tick volume to real volume. i do not trade forex, only futures (so not eurusd but euro currency futures) and i use tick volume for futures also instead of volume reported from the exchange.

it only becomes criminal if volume is filtered, e.g. not reporting one single ticks like [email protected] instead of 3 single ticks 1@3121
there are bucketshops out there...
Hi everybody,
tracking you with 30+ min delay: great interactive lessons (and too fast for me )

Regarding tick volume I just checked that there is huge differnce on small timeframes in respect to whether broker provides fifth (decimal) pip quotes.

First picture is of broker providing decimal quotes (Deltactock):

http://img222.imageshack.us/img222/6...deltastock.png

Second is FXDD Malta (5 digit quotes) for comparisson:

http://img819.imageshack.us/img819/4...kfxddmalta.png

Third is of classic four digits quote (Admiral Markets):

http://img18.imageshack.us/img18/877...ralmarkets.png

Fourth is 4 digits for comparisson (Instaforex):

http://img214.imageshack.us/img214/4...instaforex.png


What tick data would be preferable to you: from 4 or 5 digits quotes (and what broker in particular; you can throw-in your one)?

At the end something that stretches my brain always - simple trend lines on range bars (R25 in this instance; attachement).


Kindest regards,


Martin

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  • #8,316
  • Dec 29, 2010 5:54am Dec 29, 2010 5:54am
Quoting 41413592
i got it, the first vertical line is a hv bar and the next is a nd,so i can put an short order under the ND right? but as for this chart ,the trade is not triggered ,right?
Sometimes these things don't always Happen Perfectly , But I hope you got
an entry. Now , You gotta watch the buyers below..
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  • #8,317
  • Dec 29, 2010 6:02am Dec 29, 2010 6:02am
see 5m...sudden surge...bad wallstreet boys.

bad eur, she tries to lie to us currently.
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  • #8,318
  • Dec 29, 2010 6:03am Dec 29, 2010 6:03am
Quoting Intel
LOL

Check out EU M5 this morning about an hour or so before LO. A high volume up bar followed by a NS within the range of the HVUB and an up bar confirming the NS. Then 3 bars later we see the peak of the rally then a good down move and profit for those that took the trade.

You started with zero points and I've taken 5 points off for arguing

-5 points

hmm...

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  • #8,319
  • Dec 29, 2010 6:15am Dec 29, 2010 6:15am
Quoting taomql4
hmm...
A NS/ND after a HV or stopping volume bar does happen sometimes during good quality setups. Its just a bit of 'fall out' from the HV bar. Don't forget, SM are (in our case) selling but, they want to push price up even further first so they can hit some stops and trick us into going long (UT). If they want price to go up further, it stands to reason that we MIGHT get a NS.

Polar bears and all that!!!!!
  • #8,320
  • Dec 29, 2010 6:35am Dec 29, 2010 6:35am
Is anyone else getting lots of small gaps today?
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