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vsa with Malcolm

  • #8,461
  • Dec 30, 2010 6:46am Dec 30, 2010 6:46am
Quoting KinsaleForex
To avoid reposting and potentially annoying people, i've left a link to my blog in the "Trade Using VSA (Volume Spread Analysis)" thread.

It highlights paper trading a strategy using TradeGuider since the middle of September and i'm looking for some feedback on what people think.

I'm very happy with how it has gone and i'm going to be starting with real € in January.

Cheers,

KFT

I bet Shamus is happy with that!!!!!
  • #8,462
  • Edited 6:48am Dec 30, 2010 6:47am | Edited 6:48am
Quoting 1pipperhour
I saw you posting positive trades only. And why TG and not SMART?
I've posted every trade, win, loss or break even since the middle of September. I'd only be kidding myself otherwise. December just so happened to have no losses

If you look again the totals are 29 wins, 10 losses and 2 break evens.

As for SMART, i've only just discovered it in the last half hour through reading through threads on here, so I don't really have an answer for that! Is there an advantage to SMART over TG?

KFT
  • #8,463
  • Dec 30, 2010 6:49am Dec 30, 2010 6:49am
I'm almost ready to go short now. Will wait hourly close.
  • #8,464
  • Dec 30, 2010 6:54am Dec 30, 2010 6:54am
Quoting 1pipperhour
I'm almost ready to go short now. Will wait hourly close.
Well, we're in a bit early as I thought. I'll hold for now.
I hate being negative pips
  • #8,465
  • Dec 30, 2010 6:57am Dec 30, 2010 6:57am
Quoting Intel
Well, we're in a bit early as I thought. I'll hold for now.
I hate being negative pips
Well there are NY open and unemployment ahead. I haven't decided yet.

Edit: But I like those long legs on H1 candelsticks.
  • #8,466
  • Dec 30, 2010 7:24am Dec 30, 2010 7:24am
Hi there!
One question:
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 9 KB

Isn't this highlighted bar a bearish signal? Selling into buying, bar closed on the lows with high volume. But the next bar is up. How is this to be assessed? The market is very strong?
  • #8,467
  • Dec 30, 2010 7:49am Dec 30, 2010 7:49am
add the following bar to the first bar and you see that alltogether this was a strong bar.

also, if this high vol was selling, the next bar should have been down but it did not even attempt to tackle the lows.

Quoting Plata
Hi there!
One question:
Attachment
Isn't this highlighted bar a bearish signal? Selling into buying, bar closed on the lows with high volume. But the next bar is up. How is this to be assessed? The market is very strong?
  • #8,468
  • Dec 30, 2010 8:03am Dec 30, 2010 8:03am
No short on EU yet.
  • #8,469
  • Dec 30, 2010 8:04am Dec 30, 2010 8:04am
dr Geppynius correct me if i'm wrong. Should I see added weekness on eurusd 1 hr (climatic volume bar very wide spread= selling on the buying)?
  • #8,470
  • Dec 30, 2010 8:16am Dec 30, 2010 8:16am
I realize we're up at 1.33 even, and it was looking weak over the last hours, but this last H1 & M15 close was right at the top with assumed buyers stepping in to close the bars at their highs in the last 2-3 minutes. The last 3 M15s closing at their highs too. A pre-9am EST M15 weakness & retrace pattern got taken out with the H1 closing at the top. R1 at 1.328 has been cleared and there's a significant DTL we've popped above here too. Oh, and looks like USD selling might resume.
Attached Image
  • #8,471
  • Dec 30, 2010 8:33am Dec 30, 2010 8:33am
I think that, at times like these, it is very important to remember that the main weapon the SM has and uses is confusion... everything thing they do is to confuse others and turn them into weak holders.

So, stick to your guns and your rules ... just sayin', most probably everyone else on this thread is more advanced than me, so not trying to preach or teach ... just thought it was worth remembering.

We have got a lot of supply coming in so... I'm keeping my short bias.

Cheers! :-)

-SilverKnight

Attached Image (click to enlarge)
Click to Enlarge Name: VSA chart 1.gif Size: 50 KB
  • #8,472
  • Dec 30, 2010 8:38am Dec 30, 2010 8:38am
Quoting SilverKnight
I think that, at times like these, it is very important to remember that the main weapon the SM has and uses is confusion... everything thing they do is to confuse others and turn them into weak holders.

So, stick to your guns and your rules ... just sayin', most probably everyone else on this thread is more advanced than me, so not trying to preach or teach ... just thought it was worth remembering.

We have got a lot of supply coming in so... I'm keeping my short bias.

Cheers! :-)

-SilverKnight

Attachment
Confusion is the operative word during these low volume/manipulative trading days. I'm not too sure there's even SM at work here, other than through (their?) algos!

The 1.552 GBPUSD ceiling and barrier worled out for me, but their euro and the break in uniformity between the two has me confused. I don't doubt the next big leg in the euro is down, it's just this up move that's stumping - must be the trickery behind the week/month end close - I guess we're building their current bottom wicks, to be followed by more of the top wick as Jan 1 reigns in.
  • #8,473
  • Dec 30, 2010 8:43am Dec 30, 2010 8:43am
Also... the background is telling quite a tale...

-SilverKnight

Attached Image (click to enlarge)
Click to Enlarge Name: VSA chart 2.gif Size: 55 KB
  • #8,474
  • Dec 30, 2010 8:47am Dec 30, 2010 8:47am
Maybe things will get clearer after pending home sales news realese
  • #8,475
  • Dec 30, 2010 8:51am Dec 30, 2010 8:51am
.
Attached Image (click to enlarge)
Click to Enlarge Name: 30-12-2010 15-48-14.jpg Size: 380 KB
  • #8,476
  • Dec 30, 2010 8:58am Dec 30, 2010 8:58am
Quoting Dr.Geppynius
.
Hmmm... I see! Point taken...

Thank you for the lesson!

-SilverKnight
  • #8,477
  • Dec 30, 2010 9:00am Dec 30, 2010 9:00am
this open a whole other topic.

fx market is 24 hours even on the weekend. It is only crappy mt4 that closes and makes it a none 24 hr market for retail traders.

so fact is .... is there really gaps in fx ?



Quoting Intel
Ok, not many answers from the troops but, it's got Mal, HG and myself discussing it so it must at least, be a good question

tgwhbb gave the only correct answer so well done to him......her........whatever.

Q. When can a ND come as a down bar?
A. When it comes immediately after a gap up.

This is because, when we apply VSA to a chart, we ignore the open of the bar. So in order to define an up bar in VSA terms it is a bar which closes higher than the close of the previouse bar.

Bar1 close = 100
Bar2 open = 110
Bar2 close = 107
Bar2 spread...
Blogging daily now at www.volume.zone
  • #8,478
  • Dec 30, 2010 9:01am Dec 30, 2010 9:01am
Intel

you still drunk from xmas ?

you said DOWN BAR, not a bar that closes on its lows.

This is why I said never....a down infers that you have a close lower than than the prior bar.

Quoting Intel
Ok, not many answers from the troops but, it's got Mal, HG and myself discussing it so it must at least, be a good question

tgwhbb gave the only correct answer so well done to him......her........whatever.

Q. When can a ND come as a down bar?
A. When it comes immediately after a gap up.

This is because, when we apply VSA to a chart, we ignore the open of the bar. So in order to define an up bar in VSA terms it is a bar which closes higher than the close of the previouse bar.

Bar1 close = 100
Bar2 open = 110
Bar2 close = 107
Bar2 spread...
Blogging daily now at www.volume.zone
  • #8,479
  • Dec 30, 2010 9:08am Dec 30, 2010 9:08am
Quoting 1pipperhour
I saw you posting positive trades only. And why TG and not SMART?
that is easy

tg developed by real traders that have been using vsa for decades
smart developed by someone that has been using vsa for 2 years and is a pure saleman

I think that shamus helping tg out as his software not great and most moving on to tg ... at least gavin mentioned they are getting a lot of business form shamus. If smart was that great why would they be getting that business ?
Blogging daily now at www.volume.zone
  • #8,480
  • Dec 30, 2010 9:08am Dec 30, 2010 9:08am
Quoting malcolmb14
this open a whole other topic.

fx market is 24 hours even on the weekend. It is only crappy mt4 that closes and makes it a none 24 hr market for retail traders.

so fact is .... is there really gaps in fx ?
I trade on OANDA's fxTrade platform and their system is open 24/7 so you can see all price movement even over the weekends. There are never any gaps on the fxTrade charts. Also, with esignal, if you load up the EUR A0-FX chart, you can get a 24/7 view of the market(but I bet you already knew that Mal ).

There are NO gaps in the FX market, at least in my experience...

-SilverKnight
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