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vsa with Malcolm

  • #8,761
  • Jan 4, 2011 11:36am Jan 4, 2011 11:36am
Quoting KinsaleForex
Damn even bars


Ya win some, ya lose some.

At least you didn't lose money over it!!
  • #8,762
  • Jan 4, 2011 11:42am Jan 4, 2011 11:42am
Quoting Intel


Ya win some, ya lose some.

At least you didn't lose money over it!!
This is true! On to tomorrow!
  • #8,763
  • Jan 4, 2011 11:53am Jan 4, 2011 11:53am
Intel, a chart "walk through" with descriptions would be nice.... helps us get into the mind of the master.

Or did I miss it already? This thread moves so fast (that's a good thing).
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,764
  • Jan 4, 2011 11:58am Jan 4, 2011 11:58am
Interesting market today , es seems to be testing that break out level of 1257 , gold got hammered as DR geppy said it might be.

GU i find interesting as that stopping vol I played on a 2 hr chart gave us 1.5650 , we have had a little dip and have found a high vol test on the 60 min. I am looking for a new entry above 1,5600 if that test plays out for another 150 to 200 pip trade.
Blogging daily now at www.volume.zone
  • #8,765
  • Jan 4, 2011 12:01pm Jan 4, 2011 12:01pm
Quoting malcolmb14
Interesting market today , es seems to be testing that break out level of 1257 , gold got hammered as DR geppy said it might be.

GU i find interesting as that stopping vol I played on a 2 hr chart gave us 1.5650 , we have had a little dip and have found a high vol test on the 60 min. I am looking for a new entry above 1,5600 if that test plays out for another 150 to 200 pip trade.
Just 200.......

Nice call yesterday btw
  • #8,766
  • Jan 4, 2011 12:04pm Jan 4, 2011 12:04pm
Quoting HiddenGap
Intel, a chart "walk through" with descriptions would be nice.... helps us get into the mind of the master.

Or did I miss it already? This thread moves so fast (that's a good thing).
Yes I've been very poor with the charts today. I'll post a couple in a bit.
  • #8,767
  • Jan 4, 2011 12:13pm Jan 4, 2011 12:13pm
Quoting Intel
Just 200.......

Nice call yesterday btw
thanks sonofin for that one. He showed me a little method on the higher time frame charts , that even if they are right 70% of the time allow for stress free trading.

For example 60 min gu test on uh vol closing on high = buyers .... placing buy entry 15 pip above that bar with a 60 pip stop ( under the 50% level of the high vol bar) should work if the strength is prven , These trades lead to 150 pip trades
Blogging daily now at www.volume.zone
  • #8,768
  • Jan 4, 2011 12:21pm Jan 4, 2011 12:21pm
Quoting malcolmb14
thanks sonofin for that one. He showed me a little method on the higher time frame charts , that even if they are right 70% of the time allow for stress free trading.

For example 60 min gu test on uh vol closing on high = buyers .... placing buy entry 15 pip above that bar with a 60 pip stop ( under the 50% level of the high vol bar) should work if the strength is prven , These trades lead to 150 pip trades
Sounds good.
  • #8,769
  • Jan 4, 2011 12:22pm Jan 4, 2011 12:22pm
Was thinking the same myself, it's still VSA based yes? Just with a slightly different entry?
  • #8,770
  • Jan 4, 2011 12:22pm Jan 4, 2011 12:22pm
EU M5

My first trade. TP hit.
Attached Image (click to enlarge)
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  • #8,771
  • Jan 4, 2011 12:32pm Jan 4, 2011 12:32pm
Quoting malcolmb14
thanks sonofin for that one. He showed me a little method on the higher time frame charts , that even if they are right 70% of the time allow for stress free trading.

For example 60 min gu test on uh vol closing on high = buyers .... placing buy entry 15 pip above that bar with a 60 pip stop ( under the 50% level of the high vol bar) should work if the strength is prven , These trades lead to 150 pip trades
malc, can u pls show this with a chart, if u dont mind...
  • #8,772
  • Jan 4, 2011 12:36pm Jan 4, 2011 12:36pm
Hi Malcolm!
That one was awesome! I'm seeing the accumulation phase in hindsight on my chart... Don't know if I will see it next time. Can you please show me which bar you mean?
Attached Image (click to enlarge)
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  • #8,773
  • Jan 4, 2011 12:52pm Jan 4, 2011 12:52pm
EU M5

Second trade hit TP. I felt the weakness seen during the last trade was still valid so when the UT came on the M15 chart, I switched back to the M5 and immediately saw the ND. This was enough for an entry. The M15 confirmation came on queue but after my entry.
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  • #8,774
  • Jan 4, 2011 1:02pm Jan 4, 2011 1:02pm
Quoting Intel
EU M5

My first trade. TP hit.
Hi Intel,

in the chart you say enter at the low of ND. But it seems to me that bar is higher in vol than the previous. Is it still a ND??
  • #8,775
  • Jan 4, 2011 1:16pm Jan 4, 2011 1:16pm
Quoting amletit
Hi Intel,

in the chart you say enter at the low of ND. But it seems to me that bar is higher in vol than the previous. Is it still a ND??
ND - a narrow spread up bar closing well off the high on low volume.

The volume compared to the previous 8 bars is low and almost as low as the last bar.

It is a ND but not as obvious as our usual NDs (< prev 2 bars). The spread is also a little wider than we'd like, but hey, lifes not perfect!

EDIT : I would recomend that people only use the conventional description of a ND.
  • #8,776
  • Jan 4, 2011 1:25pm Jan 4, 2011 1:25pm
Quoting Intel
ND - a narrow spread up bar closing well off the high on low volume.

The volume compared to the previous 8 bars is low and almost as low as the last bar.

It is a ND but not as obvious as our usual NDs (< prev 2 bars). The spread is also a little wider than we'd like, but hey, lifes not perfect!
You couldn't be clearer! I only considered ND the bar lower than previous two. It seems I'm learning something every day....maybe I'll reach your level before Forex will be centralized on an outer space planet.....

thanx
  • #8,777
  • Jan 4, 2011 2:04pm Jan 4, 2011 2:04pm
Quoting malcolmb14
thanks sonofin for that one. He showed me a little method on the higher time frame charts , that even if they are right 70% of the time allow for stress free trading.

For example 60 min gu test on uh vol closing on high = buyers .... placing buy entry 15 pip above that bar with a 60 pip stop ( under the 50% level of the high vol bar) should work if the strength is prven , These trades lead to 150 pip trades
Shhh! lol
  • #8,778
  • Jan 4, 2011 2:09pm Jan 4, 2011 2:09pm
1.5560 On gu should have some support; this could go to 5700. Would like to see some sort of testing of 5560 in Asia.
  • #8,779
  • Jan 4, 2011 2:09pm Jan 4, 2011 2:09pm
Quoting Sonofsin5
Shhh! lol
Never mind shhhh

Please let us in on the details.
  • #8,780
  • Jan 4, 2011 2:21pm Jan 4, 2011 2:21pm
Quoting Intel
Never mind shhhh

Please let us in on the details.
Because one way or the other, one half or the other:
"We are all in this together" :-)
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