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vsa with Malcolm

  • #8,561
  • Edited 10:08am Dec 31, 2010 9:57am | Edited 10:08am
Quoting tea.tea
Would this bar be no buying pressure? . . . . Anyone?
Not quite, it should close right at the top of its spread.
  • #8,562
  • Dec 31, 2010 10:05am Dec 31, 2010 10:05am
Quoting taomql4
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?.
I was just asking myself the same question...

Only answer I came up with was that everyone is either still drunk from Christmas or is getting an early start on New Years... lol... They seem to be seeing weakness as strength... so it must be the booze. heh...

-SilverKnight
  • #8,563
  • Dec 31, 2010 10:27am Dec 31, 2010 10:27am
Quoting taomql4
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?.
easy,asian session

i think the central banks have been buying euro,even in asia,
  • #8,564
  • Dec 31, 2010 10:39am Dec 31, 2010 10:39am
Quoting dragan53
easy,asian session

i think the central banks have been buying euro,even in asia,
Wasn't really asking a question , dragan53 ..lol- Was Merely trying to get
a point across to dr_who.

BTW - Happy New year..
  • #8,565
  • Dec 31, 2010 10:45am Dec 31, 2010 10:45am
Quoting Dr.Geppynius
morning guys.

i shorted gu 5481. valid as long as we are in the supply zone of the 120m ut.

see reasons below, pay attentions to the different timeframes, also 5m which cofirmed the 10m weakness.
you completely ignored background one this one matt ...check 4 hr.

I mentioned this to you on skype , both eu and gu being accumulated heavy last 2 weeks and now we have result.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #8,566
  • Dec 31, 2010 10:46am Dec 31, 2010 10:46am
In the situation of this chart we see a down bar confirming the previous UT, but with volume lower than the previous two bars. Should we consider it a sign of weakness (confirmation of UT) or of potential strength (no sellin pressure)?


thanx
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  • #8,567
  • Dec 31, 2010 10:53am Dec 31, 2010 10:53am
Another fine example that barely requires VSA101 ... I marked off in brown previous week's supply/demand areas. Read the volume peaks based on the pair movements and confirm that a direction change takes place against newly formed resistance, previous day high/lows, and established R & S & DPP. Fairly easy reading and minimal risk to reward.

BTW, being a bit lazy here perhaps - I seem to recall a BetterVolume type indi rewrite with e-mail alert updated into it, based on x% relative/change in volume? Anyone recall?
Attached Image (click to enlarge)
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  • #8,568
  • Dec 31, 2010 10:59am Dec 31, 2010 10:59am
Quoting Intel
Not quite, it should close right at the top of its spread.
Ahh I see, thank you.
  • #8,569
  • Dec 31, 2010 11:05am Dec 31, 2010 11:05am
Quoting malcolmb14
you completely ignored background one this one matt ...check 4 hr.

I mentioned this to you on skype , both eu and gu being accumulated heavy last 2 weeks and now we have result.

Attachment
To make the most perfect rounded bottom we could need one more move down. I think Dr. G was just taking simple intraday trade according to intraday VSA signals.
  • #8,570
  • Dec 31, 2010 11:18am Dec 31, 2010 11:18am
Quoting amletit
In the situation of this chart we see a down bar confirming the previous UT, but with volume lower than the previous two bars. Should we consider it a sign of weakness (confirmation of UT) or of potential strength (no sellin pressure)?


thanx
Frequently yes, but in the context of the current environment there are other factors at work ... we saw the same type of play earlier with similarly high volume levels (on your chart too), yet the market eventually made it's way up to where we are now - the big ongoing thing (like I proudly predicted along with GBPUSD! ) is dumping of the US dollar while equities drift up.

I like to keep this USDEUR chart up to remind me of what's going on, esp as I monitor USDJPY ...!

Having said that, I too am short on EURUSD for now, as UJ looks like it might be done.
Attached Image (click to enlarge)
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  • #8,571
  • Dec 31, 2010 11:34am Dec 31, 2010 11:34am
True but all higher time frames trending up, so any 5 min and 10 min trades on sell side dangerous . He also took the sell right above the weekly channel high that was being tested .

Matt is a very good friend of mine and an awesome vsa trader. But sonofin has recently taught me that picking tops and bottoms is a fools game, wait for confirmation of the trade is much better. Like eu yesterday in us I mentioned supply entering market and now waiting for nd . In fact the waiting paid off as a ton of vol came in at 1.3250 confirming that the dip was just a little profit taking .


Quoting 1pipperhour
To make the most perfect rounded bottom we could need one more move down. I think Dr. G was just taking simple intraday trade according to intraday VSA signals.
Blogging daily now at www.volume.zone
  • #8,572
  • Dec 31, 2010 11:39am Dec 31, 2010 11:39am
i am a greedy little german and just wanted to grab some southside pips before 2011

Quoting malcolmb14
you completely ignored background one this one matt ...check 4 hr.

I mentioned this to you on skype , both eu and gu being accumulated heavy last 2 weeks and now we have result.

Attachment
  • #8,573
  • Dec 31, 2010 11:48am Dec 31, 2010 11:48am
Quoting Dr.Geppynius
i am a greedy little german and just wanted to grab some southside pips before 2011
lol better taking some southside pips then rest of Europe like the old days

Have a great New year !!!
Blogging daily now at www.volume.zone
  • #8,574
  • Dec 31, 2010 11:51am Dec 31, 2010 11:51am
Quoting Beljevina
Frequently yes, but in the context of the current environment there are other factors at work ... we saw the same type of play earlier with similarly high volume levels (on your chart too), yet the market eventually made it's way up to where we are now - the big ongoing thing (like I proudly predicted along with GBPUSD! ) is dumping of the US dollar while equities drift up.

I...
Thank you for explanation! I was not short on it since (thanks to Geppynius, Intel and Malcom's advices) it seems i'm starting to understand the game and managed to get almost all the long EURUSD. My question was just for future knowledge.

thanksssss
  • #8,575
  • Dec 31, 2010 12:30pm Dec 31, 2010 12:30pm
euro is so clear on a daily chart

very clear double bottom 1.3 ... tons of buying on 1st bottom , this xmas period is just accumualtion. If we see a test on a daily futures charts then we can buy and hold for move to 1.4

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #8,576
  • Dec 31, 2010 12:53pm Dec 31, 2010 12:53pm
Quoting malcolmb14
euro is so clear on a daily chart

very clear double bottom 1.3 ... tons of buying on 1st bottom , this xmas period is just accumualtion. If we see a test on a daily futures charts then we can buy and hold for move to 1.4

Attachment
Wasn't there a rise on extremely low volume during last 10 days? How does that correspond with VSA?

Happy New Year to everyone!
  • #8,577
  • Dec 31, 2010 1:04pm Dec 31, 2010 1:04pm
Hi, I am new to VSA and wanted to share what I see on GBP. I am not sure if my attachment will show.
Happy New Year everyone! Thanks to all of your for your VSA posts.
[IMG]file:///C:/Users/MARIAI%7E1/AppData/Local/Temp/moz-screenshot-6.png[/IMG][IMG]file:///C:/Users/MARIAI%7E1/AppData/Local/Temp/moz-screenshot-7.png[/IMG]
Attached Image (click to enlarge)
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  • #8,578
  • Dec 31, 2010 1:17pm Dec 31, 2010 1:17pm
nothing special during the xmas period since the amount of participants is limited. a good date to look for further directional moves always is the ~15th of january since then the volume regularly is back at a good level with most of the banksters coming back from their 4 week trip to their second or third house in the hamptons...

edit: btw. malcolm is a poor canadian. he only is in possession of one house

http://www.ageandanniesramblings.co....mb-400x300.jpg
  • #8,579
  • Dec 31, 2010 1:25pm Dec 31, 2010 1:25pm
Quoting Beljevina
... I too am short on EURUSD for now, as UJ looks like it might be done.
What goes up (quickly) must come down (quickly) lol! Many say not to trade ... but when the moves are this clear and you are in the right direction ... also clear upthrust that got sold into, right as USDJPY reversed and hit it's volume peak (see other post) ... Let's hope the melt-up continues into the new year ... will prolly take some more TP around here, and likey remainder around yesterday's high 1.33144. (M15 chart)
Attached Image (click to enlarge)
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  • #8,580
  • Dec 31, 2010 2:07pm Dec 31, 2010 2:07pm
Background is key on this one,weekly and daily show strength. In fact the weekly has an ultra high vol bar closing on highs at start of dec . I have been fairly bullish eu as on a 4 hr chart all down bars into 1.3080 have had uh vol. So even though the daily volumes are low the lower time frames suggest buying . Let's see what 1.3500 gives us when and if price gets there.

And as I said we need to see a test on daily in new year to prove the commencement of the uptrend.





Quoting aleksb
Wasn't there a rise on extremely low volume during last 10 days? How does that correspond with VSA?

Happy New Year to everyone!
Blogging daily now at www.volume.zone
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