vsa with Malcolm | Page 428 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #8,541
  • Dec 31, 2010 5:03am Dec 31, 2010 5:03am
Just taken a small short with a tight stop. (3367). Based on the 5m chart. High volume upthrust with the following candle being sold right at the end of it's 5m cycle.
It's a risky one, but fortune favours the brave and all that....
  • #8,542
  • Dec 31, 2010 5:14am Dec 31, 2010 5:14am
Quoting ukdaytrader
It's a risky one, but fortune favours the brave and all that....
not in Forex
  • #8,543
  • Dec 31, 2010 5:18am Dec 31, 2010 5:18am
seems i just was too early, but my bearish view just has been confirmed. i would really be surprised if the us guys don't take this down.
Attached Image (click to enlarge)
Click to Enlarge Name: 31-12-2010 12-16-33.jpg Size: 211 KB
  • #8,544
  • Dec 31, 2010 5:20am Dec 31, 2010 5:20am
Quoting ukdaytrader
Just taken a small short with a tight stop. (3367). Based on the 5m chart. High volume upthrust with the following candle being sold right at the end of it's 5m cycle.
It's a risky one, but fortune favours the brave and all that....
....lol. Hard Stop set at 3386. It certainly looks like it'll be hit, but I am seeing weakness on EU.
  • #8,545
  • Dec 31, 2010 5:21am Dec 31, 2010 5:21am
does not matter, weakness just is ignored in eur, this thing is a straight buy and deadly to fight. gu far better this week.

since all volume has left the rigged stockmarket for a good reason letting the 3 computers which are actively trading it pushing stocks from one to another, eur has become the thing to play for daytraders, this also explains the moves in the us afternoons.

Quoting ukdaytrader
....lol. Hard Stop set at 3386. It certainly looks like it'll be hit, but I am seeing weakness on EU.
  • #8,546
  • Dec 31, 2010 5:24am Dec 31, 2010 5:24am
Quoting Dr.Geppynius
does not matter, weakness jsut is ignored in eur, this thing is a straight buy and deadly to fight. gu far better this week.
Yea, it certainly seems that way. The correlation between GU and EU being out of whack has thrown me tbh.

Will see it out to it's natural conclusion.
  • #8,547
  • Dec 31, 2010 5:25am Dec 31, 2010 5:25am
Still thinking US markets up on ultralight volume, USD to close closer to yearly lows, ie., down from here, therefore euro & sterling up ... am long euro from here (target unknown!)
  • #8,548
  • Dec 31, 2010 5:29am Dec 31, 2010 5:29am
stockmarkets won't come off as long as the bernank keeps printing and interest rates stay low. won't expect correction prior to february.
i used to daytrade the s&p 500 futures but have not touched it, since absolutely nobody is there...only algos being property of goldman sucks and jpm doing their job.

Quoting Beljevina
Still thinking US markets up on ultralight volume, USD to close closer to yearly lows, ie., down from here, therefore euro & sterling up ...
  • #8,549
  • Dec 31, 2010 5:32am Dec 31, 2010 5:32am
Quoting 1pipperhour
I might take a short if I see some reversal signs near .5535.
I'm out. Will do it again if they let me.
  • #8,550
  • Dec 31, 2010 5:42am Dec 31, 2010 5:42am
Quoting Dr.Geppynius
seems i just was too early, but my bearish view just has been confirmed. i would really be surprised if the us guys don't take this down.
There is resistance, that is for sure, but H4 looks like we might get trend change. Higher low and now hopefully we get higher high too.
  • #8,551
  • Dec 31, 2010 5:43am Dec 31, 2010 5:43am
Quoting Dr.Geppynius
stockmarkets won't come off as long as the bernank keeps printing and interest rates stay low. won't expect correction prior to february.
i used to daytrade the s&p 500 futures but have not touched it, since absolutely nobody is there...only algos being property of goldman sucks and jpm doing their job.
I think we agree ... the beauty is that Wall Street doesn't give a rat's ass about the jobless, food stamps and oncoming US poverty and spending problems/decreases, until it hits their pocket books. But a crash/correction will be a doozey at some point. On algos, - either as a result of a crash or just because of common sense/logic/pissed-offedness finally coming through, I think we will see the day when they get banned ... problem is, they'll go offshore & rogue, and we'll see a cat & mouse game ensue! The algos have really changed the patterns and flows of most of our pairs - the yen cross trading especially has become just plain stupid.
  • #8,552
  • Dec 31, 2010 5:53am Dec 31, 2010 5:53am
Sadly, I’m not on anyone’s A list for a holiday party. I was fortunate enough to get an invite to a swell dinner bash in the City. A nice lady I know (who has no interest in men) needed a date. The thinking was that I would not make a hash of it, so I got the nod.

I was in that enviable/unenviable position of not knowing anyone. There is only a dozen, so I schmooze as best I can. The place is filled with NY types; lawyers, bankers, buy-side types, RE sharpies, art dealers, ad execs, a few (very busy) wives and one degenerate blogger. My kind of crowd. The hostess gives me a quick tour of the place, (30th floor, three bedrooms, view of the park) and drops me with the ‘guys’.

Normal banter from the boys.

“How much money has been lost in the past six weeks betting on NY football teams?”
Answer: Staggering.

“Is Cialis really better than Viagra?”
Answer: It depends. For a quicky Viagra is fine. For something “special” Cialis was a better choice. I was surprised that a cost benefit analysis was part of the discussion. Apparently Cialis is up to $22 a pop and Viagra is still only ten bucks. Of course no one had any first hand knowledge on any of this, it was all “I’ve heard” or “I read”….

“How’s business?”
Answer: Fucking great. This is not a crowd that brags. They don’t really need to. So you had to read into the words; “We were very pleased” or “Best year since 06”. My favorite; “Lots of smiles at bonus time at my shop”.

“What’s 11’ looking like?”
Answer: Fucking great. While this group is a very small subset of the economy they are seeing plenty of opportunities. They are hiring, expanding and acquiring. They all have full plates for the year. This represents a significant change from two years ago.

“What about Obama?”
Answer: Deep disappointment. Keep in mind that it is this crowd who gave Obama hundreds of millions a few years ago. The attitude; “He took his eye off the ball on the economy and wasted his first two years on health care legislation that we will never see” summed up the feelings.

I (of course) pushed my hot buttons.

“What about QE?”
Answer: It’s good for the market. Nothing else matters.

“What about the sorry state of municipal finance?”
Answer: It’s all priced in.

“What about the deficits?”
Answer: They don’t matter. It’s all priced in.

Dinner was a bunch of courses. Something for everyone. This was not family style. I did my best with which fork to use and when. The small talk was over my head.

“Alta or Vail this winter?”
Answer: Vail. Apparently there are no go good restaurants in Utah.

“Was Bloomberg bluffing when he said he was not a presidential candidate?”
Answer: He was bluffing.

“Should one consider full body scans?”
Answer: Absolutely not. Most either had done this or knew someone who had. The conclusion was that if you did the scans the results were 100% certain that they would find something. Interesting state of denial

“Is Sara Palin for real?”
Answer: Yes. While they expressed fear and loathing they also recognized that the level of disappointment in the country with Obama and the Democrats was likely to bring a very different candidate in 2012.


One fellow actually had a very good rep. Been in the investment biz for a long time and damn good at it. Someone asks him, “Is investing overseas still the right strategy?”. He wisely dodges the question with an obvious answer, “If you don’t have some non US exposure you’re not wisely invested.” Another who was looking for some free advice asks the follow on, “Yes, but which country?” He answers, “I focus on the countries that have the highest work ethic.”This last comment prompts a conversation that lasts through coffee.

The talk was about which countries ranked high on that list. This was not about which worker produced more. The answer to that is easy. A worker for VW in Germany produces much more than does a worker in Viet Nam. However, the conclusion at the table was that on the narrow issue of work ethic, Vietnamese workers had a better attitude than German workers.

The general question of East versus West was sort of dismissed. The obvious answer was East. The more interesting debates were on the narrower questions:

France – Germany? Easy for this group.
Italy – Spain? Not so easy.
UK – France? Harder still.

How about China versus India? That’s a tough one. Harder still, Taiwan versus Korea. Israel ranked high. Some Eastern European countries made the final list. Russia was dismissed on the issue of work ethic.

Brazil confounded the group. Everyone recognized the rising tide for this country. But on the work ethic issue Brazil was not high on the list.

The diners did not fall prey to the stereotype of workers from Latin America. Too many of us had worked, lived or done business in that region to make that mistake.

This was all just “dinner talk”. I found it interesting. I’m not going to publish the list we came up with. I think the readers can do that as well as we did. There is a level of arrogance to this type of ranking. Some of the biases we brought to the discussion no doubt tainted our conclusions.

On the ride home I thought of the evening. I had hoped that there would be something interesting to write about. My first thought was that there was not. Just a nice dinner, nothing memorable. But later I reviewed the list we came up with and I was struck by what was missing.

This group of relatively sophisticated, well-traveled and knowledgeable people spent an hour 300 feet above the lights coming up with the country comparisons. America was mentioned and compared on a number of occasions. But the final list did not include the USA. If the elitist don’t think much of our collective work ethic, what does that mean?
Answer: Nothing good.



source: http://brucekrasting.blogspot.com/
  • #8,553
  • Dec 31, 2010 5:58am Dec 31, 2010 5:58am
alltogether it looks like the last day of the year is extreme dollarbashing.

Quoting juhanimi
There is resistance, that is for sure, but H4 looks like we might get trend change. Higher low and now hopefully we get higher high too.
  • #8,554
  • Dec 31, 2010 6:17am Dec 31, 2010 6:17am
Volume dropping off on 15 min EU...
  • #8,555
  • Dec 31, 2010 6:47am Dec 31, 2010 6:47am
don't burn your fingers, this might just slowly move up till the new year
  • #8,556
  • Dec 31, 2010 7:47am Dec 31, 2010 7:47am
GU looks to be on the brink...

-SilverKnight
  • #8,557
  • Dec 31, 2010 9:08am Dec 31, 2010 9:08am
Last hours of Estonian kroon. Goodbye little fella. Welcome euro, you ugly monster . Last 7 hours
  • #8,558
  • Dec 31, 2010 9:41am Dec 31, 2010 9:41am
Quoting 1pipperhour
Last hours of Estonian kroon. Goodbye little fella. Welcome euro, you ugly monster . Last 7 hours
Welcome to euro family!!! You'll like her. She may be a crazy cow....but she's faithful!!!! So no more money change when I ryanair to Tallinn
  • #8,559
  • Dec 31, 2010 9:43am Dec 31, 2010 9:43am
Quoting dr_who
Sorry if this has been asked before but how on earth does VSA work with FX when you don't have any proper volume ?
You simply cannot take the volume from one little broker as being representative.
VSA was never intended as being a trading technique for FX but for liquid stocks and futures where MMs had a definite influence on trading.
I appreciate Tradeguider now use VSA with FX but imo this was just a marketing strategy to appeal to a wider audience.
I've been a follower of VSA for many years and can understand the reasoning behind it, however...
If the volume indicator on your chart can tell you when the market is dying out at the close of the session , 100% Perfect signal(with decreasing volume/activity) - No Questions asked , Right ?. Why are it's signals all of a sudden INVALID during the busy sessions , why should it STOP working?.
Attached Image (click to enlarge)
Click to Enlarge Name: volume.jpg Size: 141 KB
  • #8,560
  • Dec 31, 2010 9:47am Dec 31, 2010 9:47am
Okey, happy new year to all VSA-traders!
7 traders viewing now