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vsa with Malcolm

  • #8,921
  • Jan 5, 2011 12:52pm Jan 5, 2011 12:52pm
drinking whilst trading CAN be awesome...but also might fail

Quoting Intel
LOL sorry pal.
  • #8,922
  • Jan 5, 2011 1:10pm Jan 5, 2011 1:10pm
by the way, here is my chief analyst and head of the trading desk. always at work. he once was a pit trader at the chicago mercantile exchange heavily trading the lean hog futures

http://img529.imageshack.us/img529/3523/fotosvg.jpg
  • #8,923
  • Jan 5, 2011 1:15pm Jan 5, 2011 1:15pm
Quoting Dr.Geppynius
by the way, here is my chief analyst and head of the trading desk. always at work. he once was a pit trader at the chicago mercantile exchange heavily trading the lean hog futures

http://img529.imageshack.us/img529/3523/fotosvg.jpg
That reminds me of one thing: wag the dog, if you know where this comes from and how it is actual for markets :-)
  • #8,924
  • Edited 1:28pm Jan 5, 2011 1:15pm | Edited 1:28pm
Quoting malcolmb14
check 60 min gu also ... large buying last 4 hour IMHO
Quoting Beljevina
Potential for GBP long too. Looks like accumulation since late December, and sellers getting absorbed. ~140 pips down on the day so far too.
Quoting Beljevina
P.S. - Last stop for GBPUSD - if it breaks 1.545, then it's at least another 50 pips down. Gotta watch the tricks the USD can cause - it's likely to go up from here.
I hope we're right ... bagged 50 pips --- on the stupid QuestradeFX demo - been trying to convince myself I want a good CDN broker, but their lame 1990's java platform (& pricing tricks IMO) just aren't for a full time trader. They offer free ForexCharts from eSignal & I'm pretty sure the volume is 200+ banks, but you can't trade from there.

Potential for long still here - that last hourly's kinda, although Asia will have a kick at this, and USD buying may ensue. Gotta go for 25+ pips in GU or BE; maybe GBPJPY is back in business LOL!

Here's how it looks. My problem is the highs keep getting rejected, and rather quickly at that. Concerned about NFP at this point too...

P.S. - Sorry for requoting myself ... it is though good for trader psychology! Don't you love it when you're spot on with those trades "you should have taken!"
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  • #8,925
  • Jan 5, 2011 1:32pm Jan 5, 2011 1:32pm
Quoting Beljevina
I hope we're right ... bagged 50 pips --- on the stupid QuestradeFX demo - been trying to convince myself I want a good CDN broker, but their lame 1990's java platform (& pricing tricks IMO) just aren't for a full time trader. They offer free ForexCharts from eSignal & I'm pretty sure the volume is 200+ banks, but you can't trade from there.

...
Can you insert custom indicator in that version of ForexCharts? that indicator that you have on chart is it built in or you inserted?
The Market pays you to be disciplined
  • #8,926
  • Jan 5, 2011 1:42pm Jan 5, 2011 1:42pm
Quoting mima
Can you insert custom indicator in that version of ForexCharts? that indicator that you have on chart is it built in or you inserted?
I don't believe you can insert any additional indicators in "ForexCharts". The shown volume is the built in one.

I finally got a demo version of it, but it is extremely limited. Kind of looks like AdvancedGet or the other eSignal platforms, but Questrade did not implement trading from charts; others use the exact same package w/the 200+ bank feed and did go the mile to implement chart trading.

Am a little beefed with the app because it does not seem to refresh/draw the volumes if you just leave the charts up - happens on 2 PCs, which makes it kind of lame. The program is pretty barebones - don't know much about it's development, but it just seems like a hack of their other far better software. Many other vendors offer it for 'free' if you meet the minimum trading req's, which aren't too high. (ie., PFGBest, Gallant)

Been trying to "tap" into the eSignal datafeed to display it in other apps, but it logs me off & complains - seems to have checksum data sent back that prevents you from 'grabbing' it from anywhere other than eSignal's ForexCharts.

Wow, nice ND in euro - didn't expect 40 pips!
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  • #8,927
  • Jan 5, 2011 1:45pm Jan 5, 2011 1:45pm
try owndata, pretty good for connecting esignal e.g. to a few different platforms not supported by default

http://www.traderssoft.com/ts8/own/
  • #8,928
  • Jan 5, 2011 1:50pm Jan 5, 2011 1:50pm
Quoting Dr.Geppynius
try owndata, pretty good for connecting esignal e.g. to a few different platforms not supported by default

http://www.traderssoft.com/ts8/own/
Excellent reference ... meant to mention it in my post - OwnData's request to connection & get the data gets refused by the eSignal data app, and it logs me off, so there must be something 'proprietary' about it ... I'd ask the broker's tech guys, but I'm sure they wouldn't have a clue or would refuse to talk!

If anyone has any tips on this rather unique undertaking, let me know ... there's even a video floating around where some guy is showing off how he grabs eSignal data via a EX4 to bring it into MT4 (GallantFX I think has it on their site too), but there's silence when you start looking for it!
  • #8,929
  • Jan 5, 2011 1:52pm Jan 5, 2011 1:52pm
that's interesting. i used it a while ago for this exact purpose. might be that the esignal gang has implemented limitations into the datamanager.

Quoting Beljevina
Excellent reference ... meant to mention it in my post - OwnData's request to connection & get the data gets refused by the eSignal data app, and it logs me off, so there must be something 'proprietary' about it ... I'd ask the broker's tech guys, but I'm sure they wouldn't have a clue or would refuse to talk!

If anyone has any tips on this rather unique undertaking, let me know ... there's even a video floating around where some guy is showing off how he grabs eSignal data via a EX4 to bring it into MT4 (GallantFX I think has it on their site...
  • #8,930
  • Jan 5, 2011 2:04pm Jan 5, 2011 2:04pm
will post chart later entry gu 1,5450 to 1.5470 , stop needs only be 35 pip target 150 to 200 .....
Blogging daily now at www.volume.zone
  • #8,931
  • Jan 5, 2011 2:27pm Jan 5, 2011 2:27pm
Quoting Beljevina
I don't believe you can insert any additional indicators in "ForexCharts". The shown volume is the built in one.

...
yes, There are several brokers offering ForexCharts...not possible to insert any indicator..you have to refresh manualy charts...
The Market pays you to be disciplined
  • #8,932
  • Jan 5, 2011 3:05pm Jan 5, 2011 3:05pm
Do we have our test there?

http://img444.imageshack.us/img444/2...urtrdelta3.png
  • #8,933
  • Jan 5, 2011 3:38pm Jan 5, 2011 3:38pm
Quoting Sdvsa
Do we have our test there?

http://img444.imageshack.us/img444/2...urtrdelta3.png

If that is a test, you should be able to tell us something quite important about it.............
  • #8,934
  • Jan 5, 2011 5:00pm Jan 5, 2011 5:00pm
Quoting Intel
If that is a test, you should be able to tell us something quite important about it.............
Ok,
thank you very much for giving me an opportunity :-)

First of all, it is not a lower low.
Secondly it is quite soon for the next move: should the up happen during Asia on low volume, it would be only pitching for NY to knock it down even further.
Thirdly, there was increased volume only on approaching support and momentum then dried up.

This I would so far interpret a sign of strength in background: accumulation on this level. Test should come later -- and we will all know how this fared.

Sorry for shooting that up just like that in the first place.

I am just re-reading pg. 65 of MTM: "Pushing Through Supply / Support Lines".

Many happy pips in your dreams (and may they come true),

Martin

  • #8,935
  • Jan 5, 2011 5:27pm Jan 5, 2011 5:27pm
My personal guess (or what is on my wish-list :-) would be a repeat of testing scenario of 1.341 level: penetration of resistance at UH volume and volume then drying-up without putting of an effort at staying above resistance (only peeking what's-up there). Then allowing sellers to drive price down hard where they can be shaked out quietly, re-accumulation is cheaper and target level cleaner (even permabulls like either direction of the move :-)

http://img193.imageshack.us/img193/8...rtrdelta4a.png
  • #8,936
  • Edited 11:00pm Jan 5, 2011 10:25pm | Edited 11:00pm
Thanks Intel for the replies and charts!
  • #8,937
  • Jan 5, 2011 10:46pm Jan 5, 2011 10:46pm
gu signs strength are there

left to rigght vertical lines
1) wide spread down uh vol formed doji next bar up = buyers
2) stopping vol for sure
3) test of stopping vol area
4) down move in asia also on very high vol (odd for asia)


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Blogging daily now at www.volume.zone
  • #8,938
  • Jan 5, 2011 11:07pm Jan 5, 2011 11:07pm
Quoting malcolmb14
gu signs strength are there

left to rigght vertical lines
1) wide spread down uh vol formed doji next bar up = buyers
2) stopping vol for sure
3) test of stopping vol area
4) down move in asia also on very high vol (odd for asia)


Attachment
Hi Mal, I do not understand why you would regard the (3) as a test bar... coz it is not on lower vol than previous 2 bars and price still went up.. it looked like a RUT on normal volume, and not a test bar.. did i misunderstand something? or is this just a 'test' to show that there is some buying and price moves up?
--> understood... thanks for replying!
  • #8,939
  • Jan 5, 2011 11:08pm Jan 5, 2011 11:08pm
Quoting Mtm
Hi Mal, I do not understand why you would regard the (3) as a test bar... coz it is not on lower vol than previous 2 bars and price still went up.. it looked like a RUT on normal volume, and not a test bar.. pls advise on this, thanks.
tests can be on low vol or high vol ... tradeguider also picked this up as a test
Blogging daily now at www.volume.zone
  • #8,940
  • Edited Jan 6, 2011 2:02am Jan 5, 2011 11:15pm | Edited Jan 6, 2011 2:02am
now this is a lovely survival of the stop.

kept a little 2 lotter from yesterdays short open with stop +5 to wake up and see this

http://img225.imageshack.us/img225/5...ogramm0001.png
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