vsa with Malcolm | Page 510 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #10,181
  • Jan 19, 2011 11:38am Jan 19, 2011 11:38am
Quoting Niko4ever
-
This week; 19 win, 2 loss, barely 1 % gain but from next week on I will increas lot size by 10 http://cdn.forexfactory.com/images/s...im/dancing.gif
excellent win ratio, congrats! amazing how you can trade for 4-5 points per trade while taking many trades per day all using a mobile device while you work your day job! personally i rather take trades less often but for larger gains, still trying to work on holding on to winners longer.

would be nice if you actually posted some trades and your setups though.
Change is the only constant
  • #10,182
  • Jan 19, 2011 11:44am Jan 19, 2011 11:44am
Quoting pres78
Yes I see now that you buy into membership levels of the VSA club and either get what is called an end of day software (whatever that means) with one, a tradeguider plugin for other platforms with the other and with the highest level you get the full program. I have been using MT4 but find my volume is quite different that those with esignal etc... so I have been looking around.
My Dad actually bought the TradeGuider software outright in 2005, we've had it since Version 2, the one from my screens is Version 3 and they're now on V4 and have restructured the access to it.

It's only recently they've started doing the subscription thing, not sure if it's better or just a marketing thing. You do get a lot bundled in with the memberships though.

The end of day software isn't a live feed, you get a bar at the end of every day, daily charts basically. I can't get daily charts with volume in the program I have. (RT - Real Time)
  • #10,183
  • Jan 19, 2011 11:56am Jan 19, 2011 11:56am
Quoting tgwhbb
excellent win ratio, congrats! amazing how you can trade for 4-5 points per trade while taking many trades per day all using a mobile device while you work your day job! personally i rather take trades less often but for larger gains, still trying to work on holding on to winners longer.

would be nice if you actually posted some trades and your setups though.
You've hit the nail on the head there with regards to holding winners for longer. If you take a look at my EUR/CHF trade from earlier and look at the current chart. It's gone another 50pips from where I got out.

Now, i'm delighted it hit my profit, i gained 3% from that trade. I always find myself in a catch 22 situation and where to put stops etc. It hit my +3%, reversed to less than +1% and now it's at +6%.

I've come to the conclusion that If i hit my 3% i'm out, I thank the market and move on.
  • #10,184
  • Jan 19, 2011 12:02pm Jan 19, 2011 12:02pm
Quoting KinsaleForex
You have to get a feed for TradeGuider as there isn't anything built into the program. I think there are only two feeds available, i could be wrong though. eSignal is the one i use though, yes.

Looking at your trade from yesterday, just wondering why you are trading against the trend? you shorted and made 11 pips but surley in this chart you would be looking to buy pullbacks instead of looking to sell.
http://i774.photobucket.com/albums/y...1/Cable1hr.png
Seek not to change the world; seek only to change your mind about the world
  • #10,185
  • Jan 19, 2011 12:07pm Jan 19, 2011 12:07pm
Quoting gez40
Looking at your trade from yesterday, just wondering why you are trading against the trend? you shorted and made 11 pips but surley in this chart you would be looking to buy pullbacks instead of looking to sell.
http://i774.photobucket.com/albums/y...1/Cable1hr.png
I considered it overbought being out of the trend channel and the volume that came in was certainly selling, if only temporary. From where I got in it did move 70odd pips to the low i just got spooked and closed out a little early. Would've hit my target if i'd stayed in.

I'm happy to take those kind of moves personally.
  • #10,186
  • Jan 19, 2011 12:26pm Jan 19, 2011 12:26pm
Quoting gez40
Looking at your trade from yesterday, just wondering why you are trading against the trend? you shorted and made 11 pips but surley in this chart you would be looking to buy pullbacks instead of looking to sell.
http://i774.photobucket.com/albums/y...1/Cable1hr.png
i took that same trade, and in hindsight can answer why i took it. Greed and brain fart. i unfortunately still make those mistakes from time to time when greed sets in and trade counter trend. working on eliminating that from my trading. on the positive side i can say i'm glad i read the chart properly for the entry and exit.
Change is the only constant
  • #10,187
  • Jan 19, 2011 12:35pm Jan 19, 2011 12:35pm
Quoting KinsaleForex
You've hit the nail on the head there with regards to holding winners for longer. If you take a look at my EUR/CHF trade from earlier and look at the current chart. It's gone another 50pips from where I got out.

Now, i'm delighted it hit my profit, i gained 3% from that trade. I always find myself in a catch 22 situation and where to put stops etc. It hit my +3%, reversed to less than +1% and now it's at +6%.

I've come to the conclusion that If i hit my 3% i'm out, I thank the market and move on.
If you're following my trading setups and SL/TP setting (as it looks like you are), you might want to think about setting 1:1 if you're trading against the major trend. If you're tradin with the major trend, when price gets to your 1:1 target dont exit. Instead, move to BE and let it run.

You will get stoped sometimes but others you will get a huge return. Target the daily range, or maybe 85% of it.

Only increase the amount of BR at risk when you can regularly identify 9 or 10 winning traes in a row. The psychological hit when losing a large amount of your money can be crushing.
  • #10,188
  • Jan 19, 2011 12:51pm Jan 19, 2011 12:51pm
Quoting Beljevina
Pretty much standard behaviour for the last few months. Volume falls off dramatically this time of day, and I find you have to switch to lower timeframes to take advantage of VSA moves, and they're not as clear. We tend to correlate more with the S&P until the day's close.

Looks like 1285 needs to hold - a little surprised at the 1295 rejection - am thinking we see another surge to the psychological 1300, and it might be time for profit taking ... or not. USD (USDJPY) not holding up too well and things seem ominously quiet in euroland ... am...
i'll be the first to admit i could be really off base here, but let me play devil's advocate anyways in the spirit of learning.

If EU has been in accumulation phase since early december, would SM really want it lower? Accumulation occurs for large moves, right? So that would imply the next leg would be up and not down. Of course, i still have much trouble differentiating between accumulation and (re)distribution, so this is really just me thinking out loud here.

This breakout that occurred today on EU certainly needs to be tested (see my previous post about testing the 3412 area), and I think that will give us more of a clue whether EU's next move is up or down. For now though, there is not much selling, and all selling is being absorbed, plus last week completed a bullish engulfing pattern on good volume, so the bias has to be long for now IMO.

The S&P looks like it held support really well at the weekly pivot of 1282.7 and also looks like some buying came in around last Thursday and Friday's POC so maybe today was a shakeout, afterall its earnings season in the US and results are mixed and not as good as expected (fear for the herd to sell)
Change is the only constant
  • #10,189
  • Jan 19, 2011 12:51pm Jan 19, 2011 12:51pm
Quoting tgwhbb
excellent win ratio, congrats! amazing how you can trade for 4-5 points per trade while taking many trades per day all using a mobile device while you work your day job! personally i rather take trades less often but for larger gains, still trying to work on holding on to winners longer.

would be nice if you actually posted some trades and your setups though.
Yes, I have to work on that one, too, holding on to wins longer! But on the other side it's better to be careful, maybe.

Attached Image (click to enlarge)
Click to Enlarge Name: eu 2011 01 19 2.gif Size: 43 KB


It seems that I like upthrusts! I swear I saw that one before it happened. I was about to post UT, but later what if it hadn't been one and you guys laugh...

I think a reversal would "send a telgram" to you ;-) as Tom never tires to mention, the market doesn't like high volume on up-bars (in this case down). A reversal can be seen before. But I seem to close before a stamp has been put on the letter!

I closed as I saw high volume on that down bar (4.3 pips)
  • #10,190
  • Jan 19, 2011 12:57pm Jan 19, 2011 12:57pm
Quoting Intel
If you're following my trading setups and SL/TP setting (as it looks like you are),...
thx Intel! excellent advice. I've been trying to use the daily range myself, as with today's trade, although i got in late but exited at the daily range none the less. I like the idea of setting to BE and running to the daily range, however being in Canada makes it hard to get in during london session. I have had some good trades though by getting in during early asia session, but find you need to be careful with asia sometimes.
Change is the only constant
  • #10,191
  • Jan 19, 2011 12:59pm Jan 19, 2011 12:59pm
Quoting Intel
If you're following my trading setups and SL/TP setting (as it looks like you are),...
Funnily enough i'm not actually following your setups, what i'm trading is what i developed over the three months paper trading before even setting foot in this thread. Just so happens that they're quite similar it seems! When you posted your setup info for me a couple of weeks back I was pretty happy to see they were similar. Even down to the 1:1 ratio.

Cheers for the tips though, seeing as they are similar strategies i'll definitely take on your advice seeing as you've been trading it longer than I have.
  • #10,192
  • Jan 19, 2011 1:02pm Jan 19, 2011 1:02pm
Quoting Niko4ever
Yes, I have to work on that one, too, holding on to wins longer! But on the other side it's better to be careful, maybe.

Attachment

It seems that I like upthrusts! I swear I saw that one before it happened. I was about to post UT, but later what if it hadn't been one and you guys laugh...

I think a reversal would "send a telgram" to you...
yep, I saw that UT (or 2-bar reversal UT) nd the ND 2bars prior. you have more guts than i do however, I personally didn't want to risk a short on EU now as i find it too risky for my liking. Plus the entry was only about 10 pips above today's POC which is now acting like good support.
Change is the only constant
  • #10,193
  • Edited 1:27pm Jan 19, 2011 1:13pm | Edited 1:27pm
Quoting tgwhbb
yep, I saw that UT (or 2-bar reversal UT) nd the ND 2bars prior. you have more guts than i do however, I personally didn't want to risk a short on EU now as i find it too risky for my liking. Plus the entry was only about 10 pips above today's POC which is now acting like good support.
OK, I'm leisure time, trading on my desktop, but most trades I do while working. On a cellphonescreen with 240 x 240 resolution, I can't take care of POCs because I don't see them. I have to be fast, but it's fun and it seems to work!
Thanks to this VSA with Malcolm, I finally found something I like, so many thanks!

Attached Image (click to enlarge)
Click to Enlarge Name: SSL22146.JPG Size: 105 KB
  • #10,194
  • Jan 19, 2011 1:22pm Jan 19, 2011 1:22pm
Quoting Niko4ever
OK, I'm leisure time, trading on my desktop, but most trades I do while working. On a cellphonescreen with 240 x 240 resolution, I can't take care of POCs because I don't see them. I have to be fast, but it's fun and it seems to work!
Thanks to this VSA with Malcolm, I finally found something I like, so many thanks!
Couldn't agree with you more. This thread is great! So much good information here to learn from. It's actually quite dangerous, because i think I now spend more time trading and learning to trade than I do at my real job! That's the price i'm willing to pay to make trading my living
Change is the only constant
  • #10,195
  • Jan 19, 2011 1:25pm Jan 19, 2011 1:25pm
Quoting tgwhbb
yep, I saw that UT (or 2-bar reversal UT) nd the ND 2bars prior. you have more guts than i do however, I personally didn't want to risk a short on EU now as i find it too risky for my liking. Plus the entry was only about 10 pips above today's POC which is now acting like good support.
I have 1.34810 as today's developing POC, what do you have?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,196
  • Jan 19, 2011 1:26pm Jan 19, 2011 1:26pm
I just want to thank to all people, traders and all of You for posting valuable info for traders who did traded in the past, but still watching market and are willing to go back!!!
Thanks to all of You!!!

Marcel ( slovakia )
  • #10,197
  • Jan 19, 2011 1:29pm Jan 19, 2011 1:29pm
Quoting tgwhbb
Couldn't agree with you more. This thread is great! So much good information here to learn from. It's actually quite dangerous, because i think I now spend more time trading and learning to trade than I do at my real job! That's the price i'm willing to pay to make trading my living
Word
  • #10,198
  • Jan 19, 2011 1:29pm Jan 19, 2011 1:29pm
Quoting HiddenGap
I have 1.34810 as today's developing POC, what do you have?
1.34796. close enough

since that last post it seems EU has fallen thru the POC and this 15M bar looks like testing of it failed so we should keep going down. Which is great as I'm looking for a long entry around 1.3440-60 area
Change is the only constant
  • #10,199
  • Jan 19, 2011 1:32pm Jan 19, 2011 1:32pm
Quoting tgwhbb
1.34796. close enough

since that last post it seems EU has fallen thru the POC and this 15M bar looks like testing of it failed so we should keep going down. Which is great as I'm looking for a long entry around 1.3440-60 area
Yep. I'm using the price histogram tool in Ensign. Its based on volume and calculated via the CQG method. Good to know it's on track. Thank you.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,200
  • Jan 19, 2011 1:33pm Jan 19, 2011 1:33pm
Quoting HiddenGap
I have to tip my hat to you sir. Very nice answer. Don't be such a stranger here.
and Still Learning
Attached Image (click to enlarge)
Click to Enlarge Name: hiddengap.gif Size: 64 KB
11 traders viewing now