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vsa with Malcolm

  • #8,481
  • Dec 30, 2010 9:15am Dec 30, 2010 9:15am
there is supply in the market for sure , as noted where the cross hairs are , uh vol up bar with next 2 bars sideways , however we need to wait for better top to form imho , as after this we have had a 30 pip up move , providing a potential buying climax on a 15 , now looking for a down move to start and will enter on a nd

having a bias to trying to pick tops and bottoms in this game will lose you money in the long run

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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

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Blogging daily now at www.volume.zone
  • #8,482
  • Dec 30, 2010 9:22am Dec 30, 2010 9:22am
Quoting SilverKnight
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
There are weekend gaps, but not in the traditional sense. If you check various liquidity providers data over the course of the weekend, it can sometimes be quite obvious what rates are being transacted. When markets open on Sunday for Asia, hey presto, we're back to where we closed, (except those MT4 brokers who open 3-4 hours later).

Those weekend prices become the 'gap' in that they need to be fulfilled. Usually within a few trading days, but sometimes a matter of hours.

Strangely enough as well, those MT4 brokers' gaps nearly always get filled too unless there's a major news driven event.
  • #8,483
  • Dec 30, 2010 10:20am Dec 30, 2010 10:20am
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 ?
Come on now guys, are you really trying to tell me that gaps do not exist??????

Tom himself talks about gapping up the market, gaps are everywhere. That chart by the way was from yesterday morning.

S&P 500 current M5 chart below.

And while we're at it, a down bar is a down bar. We apply VSA to it and make any changes neccesary(ie ignoring the open price) but it is still a down bar as painted by the software. If we try telling the world that, the bar I marked wasn't a down bar, they are all gonna think we're all away with the fairies!
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  • #8,484
  • Dec 30, 2010 10:21am Dec 30, 2010 10:21am
Quoting SilverKnight
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
Who said anything about the forex market? It was a VSA question, NOT a forex question.
  • #8,485
  • Dec 30, 2010 10:27am Dec 30, 2010 10:27am
Quoting malcolmb14
weakness at 44 area , still would not be selling this just yet , buying dips is way to go on BP , thinking we may see 70 in 2011

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Gaps everwhere on one of your own charts Mal.

Come on now.....
  • #8,486
  • Dec 30, 2010 10:30am Dec 30, 2010 10:30am
Quoting Intel
Who said anything about the forex market? It was a VSA question, NOT a forex question.
I was responding to mal's post actually not yours mate... Mal said "so fact is .... is there really gaps in fx ?"

So that was about FX... not just VSA in general.

Of course there are gaps in equities/commodities/etc... they are not 24/7 markets...

-SilverKnight
  • #8,487
  • Dec 30, 2010 10:33am Dec 30, 2010 10:33am
Do you see any gaps?

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  • #8,488
  • Dec 30, 2010 10:36am Dec 30, 2010 10:36am
Quoting SilverKnight
Do you see any gaps?

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Can you post an M1 euro chart please.

Thanks
  • #8,489
  • Dec 30, 2010 10:37am Dec 30, 2010 10:37am
Quoting SilverKnight
I was responding to mal's post actually not yours mate... Mal said "so fact is .... is there really gaps in fx ?"

So that was about FX... not just VSA in general.

Of course there are gaps in equities/commodities/etc... they are not 24/7 markets...

-SilverKnight
Ok I see. Gaps appear during normal trading hours also BTW.
  • #8,490
  • Dec 30, 2010 10:38am Dec 30, 2010 10:38am
Quoting Beljevina
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.
OK, so the rise into 1.331 got sold into and did another 50 pip dip down - can't exactly tell on my mobile charts but I think we're still within the hourly utl. At least it allowed me out of my premature 1.328 short lol! looked like wakness on the way up but my judgement must have been clouded as I just woke up lol!
  • #8,491
  • Dec 30, 2010 10:39am Dec 30, 2010 10:39am
Quoting Intel
Can you post an M1 euro chart please.

Thanks
-SilverKnight

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  • #8,492
  • Dec 30, 2010 10:41am Dec 30, 2010 10:41am
Quoting Intel
Ok I see. Gaps appear during normal trading hours also BTW.
Yes, you are right, they can appear on any time frame at any time.

-SilverKnight
  • #8,493
  • Dec 30, 2010 10:41am Dec 30, 2010 10:41am
Quoting SilverKnight
-SilverKnight

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Thanks
  • #8,494
  • Dec 30, 2010 10:54am Dec 30, 2010 10:54am
Quoting Beljevina
OK, so the rise into 1.331 got sold into and did another 50 pip dip down - can't exactly tell on my mobile charts but I think we're still within the hourly utl. At least it allowed me out of my premature 1.328 short lol! looked like wakness on the way up but my judgement must have been clouded as I just woke up lol!
As I said earlier, I too was short too early for my liking. I finally got away with taking a small loss but I got real lucky. I had my bad trade open for FAR too long.

Thats 2 days in a row I've made trades that dont comply with my own entry rules Also this morning I should have closed a good trade and didn't, which resulted in a loss

I don't know whats wrong with me this week. Mind you it is christmas. Maybe I think SM need a present!!!

Never mind. Onwards and Upwards.
  • #8,495
  • Dec 30, 2010 10:57am Dec 30, 2010 10:57am
there are no gaps in fx, if they are, it is your brokers fault/ issue and depends on liquidity. prime brokerages at institutional levels have no gaps in fx since fx is decentralized and the market never "closes".

so gaps are limited to exchange traded securities. so to speak stocks regularly gap up/ down and this what tom is talking about since he comes from the stock area.
  • #8,496
  • Dec 30, 2010 11:03am Dec 30, 2010 11:03am
Quoting Dr.Geppynius
there are no gaps in fx, if they are, it is your brokers fault/ issue and depends on liquidity. prime brokerages at institutional levels have no gaps in fx since fx is decentralized and the market never "closes".

so gaps are limited to exchange traded securities. so to speak stocks regularly gap up/ down and this what tom is talking about since he comes from the stock area.
afterall .. there are no gaps anyhow not even in stocks..

just draw a line and u got a big bar ... take care
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  • #8,497
  • Dec 30, 2010 11:17am Dec 30, 2010 11:17am
Malcolm -
to start the new year off right, i was wondering if you would spare some time in teaching me about the technicals that you trade...

meaning, i would like to trade by following the money, and not 'thinking' i know what i am doing...

you got time?

thanks,
Bles5ed
  • #8,498
  • Dec 30, 2010 11:19am Dec 30, 2010 11:19am
Quoting Bles5ed
Malcolm -
to start the new year off right, i was wondering if you would spare some time in teaching me about the technicals that you trade...

meaning, i would like to trade by following the money, and not 'thinking' i know what i am doing...

you got time?

thanks,
Bles5ed
a skype session would be awesome for us all!
  • #8,499
  • Dec 30, 2010 11:24am Dec 30, 2010 11:24am
Quiz Time !!!!!!!

Dont forget to PM the answers please so others can try it.

Ok, this should be a little simpler tonight cos I have a headache from last nights quiz

Q. What is this bar called and how MIGHT you use it?

I will accept any of 2 answers. The main answer I'm looking for comes from one of Toms videos (I think).
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  • #8,500
  • Dec 30, 2010 11:26am Dec 30, 2010 11:26am
Quoting Bles5ed
Malcolm -
to start the new year off right, i was wondering if you would spare some time in teaching me about the technicals that you trade...

meaning, i would like to trade by following the money, and not 'thinking' i know what i am doing...

you got time?

thanks,
Bles5ed
Wouldn't we all
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