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vsa with Malcolm

  • #10,281
  • Jan 20, 2011 9:02am Jan 20, 2011 9:02am
Quoting frankkn
The first chart(5m EU) shows the no supply I entered on the break of.

Next is the 15m showing confluence of supply, today's POC, and stopping volume. Last week's high was also right there.

I grabbed profit just before yesterday's POC.

Edit:
The first chart also shows possible selling, good thing to be out.
Next is selling, up thrust, no demand, short.

Price is hesitating at yesterday's POC, SL to BE at around +10.

Edit:

Stopped at breakeven, we hit very high volume when we bumped into yesterday's POC
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  • #10,282
  • Jan 20, 2011 9:02am Jan 20, 2011 9:02am
A lot of volume on Cable...
  • #10,283
  • Jan 20, 2011 9:04am Jan 20, 2011 9:04am
Quoting frankkn
Next is selling, up thrust, no demand, short.

Price is hesitating at yesterday's POC, SL to BE at around +10.
Love your charts!
  • #10,284
  • Jan 20, 2011 9:05am Jan 20, 2011 9:05am
Wow the forum is really alive now
  • #10,285
  • Jan 20, 2011 9:08am Jan 20, 2011 9:08am
Quoting KinsaleForex
You've seen the volume and weakness but your entry technically isn't a No Demand as it's a down bar and No Demand is an up bar. Personally I wouldn't have entered on that because of this fact.

Some of the gurus in the thread will tell you that you can enter on a No Demand down bar but i personally prefer not too. It paid off for you though, so it's all good
Actually I think it is ND. I was watching it very closely and it turned red in very last seconds. Volume low, weakness in back and the ride could begin. 40 pips from that one. Another trade I took was according to the test/NS (his chart's last candle). Actually it formed a second red candle as well when I was in a trade already. But because of the round bottom on M5 I satyed in. 30 pips from that one.
  • #10,286
  • Jan 20, 2011 9:13am Jan 20, 2011 9:13am
Quoting KinsaleForex
A lot of volume on Cable...

Has some room to fall, its testing demand now at previous support 5885
  • #10,287
  • Jan 20, 2011 9:14am Jan 20, 2011 9:14am
Quoting Sonofsin5
Has some room to fall, its testing demand now at previous support 5885

Yes and this corresponds with last weeks high.
Today's zone = Tomorrow's opportunity!
  • #10,288
  • Jan 20, 2011 9:15am Jan 20, 2011 9:15am
Quoting pres78
Yes and this corresponds with last weeks high.
It will most likely find some support and rise, I will be shorting it on the first clean nd or test. Ill post it when I see it.
  • #10,289
  • Jan 20, 2011 9:23am Jan 20, 2011 9:23am
Quoting Sonofsin5
It will most likely find some support and rise, I will be shorting it on the first clean nd or test. Ill post it when I see it.

Darnit didnt get a chane, it just fell off.
  • #10,290
  • Jan 20, 2011 9:23am Jan 20, 2011 9:23am
Quoting pres78
Look like some definate buying on this last 4hr candle... highest volume 4hr bar since back before Christmas... early December actually. Looks like we are still seeing some EUR strength IMHO.
Can't say i agree with you. Volume on my live acct and demo acct (2 different brokers) show decreased volume on the last complete H4 bar as it went up near the high. The FXCM (demo acct) volume on the left is drastically lower when compared to the same H4 bar from the last 2 days. Demand drying up in London?

I'm out now, but that H4 bar looks like a trap move IMO. Of course, given the fractal nature of H4 bars, i still find it hard to analyze properly at times so could be way off here.
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Change is the only constant
  • #10,291
  • Jan 20, 2011 9:28am Jan 20, 2011 9:28am
wow, just realized my last post was my 100th! still so much to learn, but have learnt so much here thanks to everyone on this thread.

Keep up the excellent work everyone!
Change is the only constant
  • #10,292
  • Jan 20, 2011 9:31am Jan 20, 2011 9:31am
Quoting tgwhbb
Can't say i agree with you. Volume on my live acct and demo acct (2 different brokers) show decreased volume on the last complete H4 bar as it went up near the high. The FXCM (demo acct) volume on the left is drastically lower when compared to the same H4 bar from the last 2 days. Demand drying up in London?

I'm out now, but that H4 bar looks like a trap move IMO. Of course, given the fractal nature of H4 bars, i still find it hard to analyze properly at times so could be way off here.
It's hard to say as we are sitting at a tough area now with last weeks high and the DPV sitting right there. Have to wait for the market to choose it's long term direction and get in and out along the way. All I know is something brought up that last 4hr downbar (which for me closed above the middle on very high volume one half hour ago)... and it did not make a lower low.
Today's zone = Tomorrow's opportunity!
  • #10,293
  • Jan 20, 2011 9:35am Jan 20, 2011 9:35am
EUR/CHF just upthrust (20min chart) into the area that i shorted from yesterday, high volume before hand too.
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  • #10,294
  • Jan 20, 2011 9:40am Jan 20, 2011 9:40am
Quoting KinsaleForex
EUR/CHF just upthrust (20min chart) into the area that i shorted from yesterday, high volume before hand too.

Id be looking for a chance to buy eurchf.
  • #10,295
  • Jan 20, 2011 9:42am Jan 20, 2011 9:42am
Quoting pres78
It's hard to say as we are sitting at a tough area now with last weeks high and the DPV sitting right there. Have to wait for the market to choose it's long term direction and get in and out along the way. All I know is something brought up that last 4hr downbar (which for me closed above the middle on very high volume one half hour ago)... and it did not make a lower low.
yep, agree this is a tough area. Daily pivot between yesterday's and today's current POC. Plus overlapping value areas. Plus were at the bottom of the hourly uptrend channel with volume coming in. Its times like this where sheep get slaughtered .

I'm on the sidelines for now even though i just saw 2 ND bars just above today's pivot and a break lower. Not enough confidence i guess
Change is the only constant
  • #10,296
  • Jan 20, 2011 9:43am Jan 20, 2011 9:43am
Quoting Sonofsin5
Id be looking for a chance to buy eurchf.
Really? Interesting, can you explain to me why? Educational purposes.
  • #10,297
  • Jan 20, 2011 9:46am Jan 20, 2011 9:46am
Quoting tgwhbb
yep, agree this is a tough area. Daily pivot between yesterday's and today's current POC. Plus overlapping value areas. Plus were at the bottom of the hourly uptrend channel with volume coming in. Its times like this where sheep get slaughtered .

I'm on the sidelines for now even though i just saw 2 ND bars just above today's pivot and a break lower. Not enough confidence i guess
Yes I have only make one trade today with another method... haven't been able to get in on any VSA related trades. To busy with my actual job.
Today's zone = Tomorrow's opportunity!
  • #10,298
  • Jan 20, 2011 9:52am Jan 20, 2011 9:52am
Quoting KinsaleForex
Really? Interesting, can you explain to me why? Educational purposes.
Large amount of buying on all dips, We have temporarily stalled at an old top for a test of supple, I dont think that it will be the last attempt to break esspecially with the eurusd being weak.
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  • #10,299
  • Jan 20, 2011 10:01am Jan 20, 2011 10:01am
Quoting comapip
Love your charts!
Thank you sir.

Heads up, we have a virgin POC and last week's close just below in the 3380's (EU)
  • #10,300
  • Jan 20, 2011 10:06am Jan 20, 2011 10:06am
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it seems that VSA really does help in providing better information compared
to all the fancy indicators. i dont know if the winning trades are just luck? cause it is a good day? but i know i still lack much knowledge in VSA cause i still have a very big issue with telling the difference between when it is NS when it is ND..

but i manage to bank in 80 pips today on my mini account to demo it
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