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vsa with Malcolm

  • #9,621
  • Jan 12, 2011 6:25am Jan 12, 2011 6:25am
Quoting Dr.Geppynius
ny will show where we are going. nevertheless, the signs to assume further upside are there.

http://img28.imageshack.us/img28/133...0112131949.png
During news madness i prefer watching 5 min. In this case it's full of uhv or hv with very long tails.
  • #9,622
  • Jan 12, 2011 6:33am Jan 12, 2011 6:33am
Quoting Dr.Geppynius
ny will show where we are going. nevertheless, the signs to assume further upside are there.
Decisionmaking.
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  • #9,623
  • Jan 12, 2011 6:45am Jan 12, 2011 6:45am
I haven`t read all what you have written about these "re-painting" volume bars, but this happens because your brokers demo server is not feeding data all the time, and that is why you have these gaps too.

Right click-> refresh
is solution if you wanna keep that brokers demo.
  • #9,624
  • Jan 12, 2011 7:34am Jan 12, 2011 7:34am
Quoting pete148
Yeah im officialy flat. Only trade i think will be worthwile now is a double bottom.
I am flat too, and looking for shorts, but I am often wrong, so just trust your own analysis, I dont want you to miss a trade because of me.
  • #9,625
  • Jan 12, 2011 7:52am Jan 12, 2011 7:52am
as mentioned, the trend is your friend, as patience is. there are several occurences when you need to risk some, but here it also comes to experience. even if it might fail 3030, which i don't think, 2980 already gave good 40 pips. don't ask about my lot size on this one, averaging 2978
  • #9,626
  • Jan 12, 2011 7:54am Jan 12, 2011 7:54am
Quoting Dr.Geppynius
as mentioned, the trend is your friend, as patience is. there are several occurences when you need to risk some, but here it also comes to experience. even if it might fail 3030, which i don't think, 2980 already gave good 40 pips. don't ask about my lot size on this one, averaging 2978
Well, it was so nice round bottom on M5, that it was hard to resist to take a trade.
  • #9,627
  • Jan 12, 2011 7:55am Jan 12, 2011 7:55am
Quoting juhanimi
I am flat too, and looking for shorts, but I am often wrong, so just trust your own analysis, I dont want you to miss a trade because of me.
Dont worry bud, thats one of the important things about being a trader.
How to listen to comments and read analysis but still formulate and excecute your own plans.
  • #9,628
  • Jan 12, 2011 8:00am Jan 12, 2011 8:00am
more important where all this occured. this moves probabilities in your favor, therefor beeing able to trade bigger sizes.

Quoting 1pipperhour
Well, it was so nice round bottom on M5, that it was hard to resist to take a trade.
  • #9,629
  • Jan 12, 2011 8:02am Jan 12, 2011 8:02am
again central bank selling reported 3025 area
  • #9,630
  • Jan 12, 2011 8:08am Jan 12, 2011 8:08am
Quoting Dr.Geppynius
more important where all this occured. this moves probabilities in your favor, therefor beeing able to trade bigger sizes.
I can use only one size and be in one trade at once
  • #9,631
  • Jan 12, 2011 8:18am Jan 12, 2011 8:18am
here you see a real fight and central bank intervention at its finest. 3025 full of offers from central banks
  • #9,632
  • Jan 12, 2011 8:21am Jan 12, 2011 8:21am
buy the fucking dip!!! the globex gang featuring goldman sucks hft will make sure it rips straight to 1500.

Quoting malcolmb14
check 10 min es matt .. easy signs selling all day
  • #9,633
  • Jan 12, 2011 8:32am Jan 12, 2011 8:32am
Quoting Dr.Geppynius
i am a buyer above 3020
any target in sight?
Don't be a hero. Don't have an ego. Always question yourself
  • #9,634
  • Jan 12, 2011 8:36am Jan 12, 2011 8:36am
i closed out for 60 pips on 3040

3050 has decent short orders waiting there, buystops 3070 which could trigger a nice squeeze and move us higher. i will buy the next dip.

Quoting USD-Bear
any target in sight?
  • #9,635
  • Jan 12, 2011 8:41am Jan 12, 2011 8:41am
I'm enjoying EU today. We had previous strength, rally, price marked down into support, little accumulation there and then back up. Now looking for any upthrusts for a possible short or a no supply for continuation.
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  • #9,636
  • Jan 12, 2011 8:42am Jan 12, 2011 8:42am
Although actual volume levels are not the most important part of proper VSA, my LP volume level view is usually very indicative of SM buying. Place it together with the PA and reading VSA strength, and bulls appear to be gaining steam, minimizing seller's impact. Buying levels have increased today over yesterday.

The to-the-pip touch of the DPP shakeout is now completely behind us - hopefully no one got knocked out of any longs, with a loss - this is a very common shakeout pattern - hopefully we are returning to the sterling & euro of old. 30 pip SLs just don't cut it and aren't necessary with these IMO - better to be in the mode of getting out at BE, and buy it at the better/proper price later.

Fundamentally the bond auctions are a "roaring success." When Spain's go off as well tomorrow, sterling and euro will rip at least another 130+ pips, or greater than the ADR. Sterling's broken and hit some important areas - today's close will be key, and will set the stage for the rest of the week.

Some double top potential in GU & EU here - let's see what NY can do.
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  • #9,637
  • Jan 12, 2011 8:56am Jan 12, 2011 8:56am
Quoting Dr.Geppynius
i closed out for 60 pips on 3040

3050 has decent short orders waiting there, buystops 3070 which could trigger a nice squeeze and move us higher. i will buy the next dip.
60 here toooo!!!!!!


can't believe it but true
  • #9,638
  • Jan 12, 2011 8:56am Jan 12, 2011 8:56am
H1
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  • #9,639
  • Jan 12, 2011 9:11am Jan 12, 2011 9:11am
Quoting Stackhouse
Hi HiddenGap
As I still continue to read MTM and comprehend its contents, I would just like to clarify the validity of an ND bar before the actual downtrend based on a squiggly indicator line. Would you take such a trade ? Or you always wait for another ND after the downtrend actually started ?...
I am a firm believer in the notion that if you have something on your chart, then you should use it. Moreover, if you have something on your chart it seeps into your subconscious even if you claim to not be using it consciously. So my answer here would be to wait for the trend to change based on the squiggly indicator line. How good the squiggly indicator line is at determining trend is not the issue. The issue is you are using it to determine trend. And once you have done that, the simplest way to use VSA would then be to look for the NDs (up bars on low volume) in that trend.

As I have said before, we can think in terms of VSA-aided and VSA-non aided entries. One can certainly argue that the non aided entry will almost always be first as indicators by definition lag. Yet the argument can also be made that the aided entry will have a higher probability.

From a trading stand point the notion of probability is certainly important. But for a newbie to VSA who is still wet behind the ears, it may be more important to keep it simple and take baby steps. My next post may show the end game for some and not for others, but it is certainly not the starting point.........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,640
  • Jan 12, 2011 9:13am Jan 12, 2011 9:13am
congratulations! now stay calm and don't give it back to market by a itchy trigger finger

Quoting amletit
60 here toooo!!!!!!


can't believe it but true
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