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vsa with Malcolm

  • #10,101
  • Jan 18, 2011 8:39pm Jan 18, 2011 8:39pm
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Blogging daily now at www.volume.zone
  • #10,102
  • Jan 18, 2011 8:48pm Jan 18, 2011 8:48pm
theres definitely more buyers than sellers,but london reaction will be decisive
  • #10,103
  • Jan 18, 2011 9:54pm Jan 18, 2011 9:54pm
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Thanks for answering my questions and providing answers

my trade today one close at 21,30,40 and still one more inside hopefully will hit 1.35 before my signal for final exit cheers


And the journey Goes On
  • #10,104
  • Jan 18, 2011 10:11pm Jan 18, 2011 10:11pm
Quoting AngelineW
i have been reading so much about the software.. but i am still abit reluctant to purchase one for the real time feature. does it really make a lot of difference from the signals we get from MT4?
You can't "buy" TG anymore. It comes "free" with a subcription to the VSA club now.

I don't have MT4, but the signals in TG can be seen on any chart. TG will speed up your learning curve for sure. Then again, so will this thread .
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,105
  • Jan 18, 2011 10:14pm Jan 18, 2011 10:14pm
Quoting AngelineW
...from what i have learnt and from the previous post, selling have low volume and buying have higher volume.
Hi AngelineW - Regarding the above quote. I can see how it sometimes looks like that but it's not actually the case. High volume just like low volume can be seen on both buying (long) and selling (short).

High volume, large spread (distance between high and low) on an up bar plus a few other signs is usually weakness and the opposite for strength.

Good luck on your journey.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #10,106
  • Jan 18, 2011 10:31pm Jan 18, 2011 10:31pm
Quoting AngelineW
...and from the previous post, selling have low volume and buying have higher volume...
Markets do not like wide spread up bars on very high to ultra high volume because they can contain hidden selling. However, increasing volume on up bar as long as the volume is not excessive is bullish in an uptrend.

Down bars are a bit different (There was a question a few pages back about this).

Due to the structure of markets, they usually fall faster than they rise. Therefore, wide spread down bars on high volume always mean selling. If the volume is very high or excessive, then there could be hidden buying in the bar. Especially if the next bar is up. Bearish volume is increasing volume on down bars in a downtrend.

Low volume up or down mean little activity by the Smart Money. If the low volume is on an up bar, then we might have No Demand or No Buying Pressure. If the low volume is on a down bar, then we might have No Supply, No Selling pressure or a test. Here we see that decreasing volume on up bars is Bearish and decreasing volume on down bars is Bullish.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,107
  • Edited 10:52pm Jan 18, 2011 10:37pm | Edited 10:52pm
Thanks HG and Lux, i understand the ultra high volume and very wide spread but does it only refer to for instance large spread bullish candle that close in the middle or low/ or does also include full body bullish candle?


by the way just asking HG haha i like your name give me a Happy Guy feeling ... maybe its lame but hahah Cheers!




The Journey Continues
  • #10,108
  • Jan 18, 2011 10:55pm Jan 18, 2011 10:55pm
Quoting luxinterior
Hi AngelineW - Regarding the above quote. I can see how it sometimes looks like that but it's not actually the case. High volume just like low volume can be seen on both buying (long) and selling (short).

High volume, large spread (distance between high and low) on an up bar plus a few other signs is usually weakness and the opposite for strength.

Good luck on your journey.

Lux
Dear AngelineW, selling is usually driven by fear which is a higher force than greed (buying). Fear leads quickly to panic like reactions, something greed is less likely to develop.

Under this aspect the down movements are usually sharper. This applies in particular to the stock market but also to forex.
There are three kind of lies: lies, damned lies and statistics.
  • #10,109
  • Jan 18, 2011 11:01pm Jan 18, 2011 11:01pm
anyone still in long?
  • #10,110
  • Jan 18, 2011 11:19pm Jan 18, 2011 11:19pm
Quoting Seismograph
Dear AngelineW, selling is usually driven by fear which is a higher force than greed (buying). Fear leads quickly to panic like reactions, something greed is less likely to develop.

Under this aspect the down movements are usually sharper. This applies in particular to the stock market but also to forex.

Dear Seismo but in forex i think both sides are equal isnt it? when u are shorting the market turns against you and those people long to hedge their positions so is it the same? there is fear on both side.
  • #10,111
  • Jan 18, 2011 11:24pm Jan 18, 2011 11:24pm
Quoting AngelineW
anyone still in long?
Yes still long. I am watching volume on hourly and there are no significant high volumes down bars.
Now at 3480 it seems supply is there but not aggressive so it may be absorbed over time.
After all, Malcolmb projected 3650 for the end of the week.
There are three kind of lies: lies, damned lies and statistics.
  • #10,112
  • Jan 18, 2011 11:28pm Jan 18, 2011 11:28pm
wow.... hmm maybe i can trail this last trade then haha and i can spend more time shopping Weee~~!
  • #10,113
  • Jan 18, 2011 11:30pm Jan 18, 2011 11:30pm
Quoting AngelineW
Dear Seismo but in forex i think both sides are equal isnt it? when u are shorting the market turns against you and those people long to hedge their positions so is it the same? there is fear on both side.
That’s right, for that reason I said “particular to stocks”. But you are right, the effect is not so significant in FOREX.
There are three kind of lies: lies, damned lies and statistics.
  • #10,114
  • Jan 18, 2011 11:39pm Jan 18, 2011 11:39pm
haha i think thou shall not be greedy hahah will take profit at 100 pips if not i might be able to sleep well at night
  • #10,115
  • Jan 18, 2011 11:49pm Jan 18, 2011 11:49pm
Quoting malcolmb14
HUNCH is that eu thrusts into 1.3500 before london open
  • #10,116
  • Jan 18, 2011 11:51pm Jan 18, 2011 11:51pm
Quoting AngelineW
haha i think thou shall not be greedy hahah will take profit at 100 pips if not i might be able to sleep well at night
That’s a god advice.
Just as you wrote, I took half of my positions out @ 3499 for a god 1260 pips for a relieved day.

All thanks to Malcolmb – of course!


(Of course Malcolmb would say you shouldn’t because it will go on for 3650 )

Seismo
There are three kind of lies: lies, damned lies and statistics.
  • #10,117
  • Jan 19, 2011 12:07am Jan 19, 2011 12:07am
Ah, there we go, good ol' selling. I'm always suspicious of big moves during Asia. If there's confirmation, I'm thinking about 1.34.
  • #10,118
  • Jan 19, 2011 12:07am Jan 19, 2011 12:07am
High five on that... haha the up thrust on the 15 min is too hard to ignore...using some female inbuilt instinct i took my 80 pips and saw the big drop... but thats enuff excitment for me hope you guys have a great day time to play with 15 min demo haha finish with real account now to demo.
  • #10,119
  • Jan 19, 2011 1:22am Jan 19, 2011 1:22am
Quoting Seismograph
Dear AngelineW, selling is usually driven by fear which is a higher force than greed (buying). Fear leads quickly to panic like reactions, something greed is less likely to develop.

Under this aspect the down movements are usually sharper. This applies in particular to the stock market but also to forex.
Not agree.

Think about it, IF you buy EUR you sell USD.

EUR/USD is the same as USD/EUR with the graph upside down.
Greetings, BeLikewater
  • #10,120
  • Jan 19, 2011 1:45am Jan 19, 2011 1:45am
NS on 15 min !!
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