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vsa with Malcolm

  • #10,421
  • Jan 21, 2011 12:30pm Jan 21, 2011 12:30pm
The euro seems to be going up on so little volume. Wonder who is interested in higher prices?
  • #10,422
  • Jan 21, 2011 12:39pm Jan 21, 2011 12:39pm
options traders

Quoting mttrader
The euro seems to be going up on so little volume. Wonder who is interested in higher prices?
  • #10,423
  • Edited 12:52pm Jan 21, 2011 12:39pm | Edited 12:52pm
Quoting malcolmb14
sonofin knows the answer to this one well.

My instint to JPY is it is a piece of shit and I never trade it ...lol

Mal, thanks for your clarification. I was always wondering why there are no comments on UJ here, but this answers this very clear.

Fair enough and also understandable.
Btw. EU is really pushing hard and it looks like he wants to close right on the top. So, the odds may be good for 1.4000 next week.

Maybe someone could be so kind and is showing a EU futures volume chart on daily on the end of the day.

Anyway, many thanks Malcolm.
There are three kind of lies: lies, damned lies and statistics.
  • #10,424
  • Jan 21, 2011 2:15pm Jan 21, 2011 2:15pm
Nice late afternoon push on EU Not far now from Malc and prez78's estimate of 3620 area

Very happy with my trade today, but still need to improve my exits, get too trigger happy watching the 5M while in a trade.
Change is the only constant
  • #10,425
  • Jan 21, 2011 2:17pm Jan 21, 2011 2:17pm
wrong .... when you see all over news how great euro is then is time to sell

Quoting AngelineW
Just a personal feeling cause background information , Eur is seriously in a pretty bad shape, could this up trend be just a mark up buy big players so that they can short at a higher price for more profits cause on the up bar today on the daily chart the volume wont be as high as yesterday. Just a personal view after some drinks hahah
Blogging daily now at www.volume.zone
  • #10,426
  • Jan 21, 2011 2:25pm Jan 21, 2011 2:25pm
Quoting malcolmb14
wrong .... when you see all over news how great euro is then is time to sell
Totally agree Mal,
Wach out for the day the Euro success recovery story appears on Forbes front-page.

That’s the moment to hit the sell bottom.
There are three kind of lies: lies, damned lies and statistics.
  • #10,427
  • Jan 21, 2011 2:26pm Jan 21, 2011 2:26pm
Quoting malcolmb14
wrong .... when you see all over news how great euro is then is time to sell
Hello malc. can you give me an insight as to how your vsa works...i use volume as an indicator as well..

thanks buddy
  • #10,428
  • Jan 21, 2011 2:35pm Jan 21, 2011 2:35pm
Mal,
any reason you picked 1.3620 in your last prediction. Chart will help pl.

Quoting malcolmb14
wrong .... when you see all over news how great euro is then is time to sell
  • #10,429
  • Jan 21, 2011 2:45pm Jan 21, 2011 2:45pm
Quoting Pipwanderer
Hello malc. can you give me an insight as to how your vsa works...i use volume as an indicator as well..

thanks buddy
If I may - this is Mal's thread, but not his VSA

If you want to learn some, start reading from the beginning, especially the charts and explanations.
Reading some book eg. Master the Markets will also help you.
  • #10,430
  • Jan 21, 2011 2:53pm Jan 21, 2011 2:53pm
Quoting tpr
If I may - this is Mal's thread, but not his VSA

If you want to learn some, start reading from the beginning, especially the charts and explanations.
Reading some book eg. Master the Markets will also help you.
thanks buddy
  • #10,431
  • Jan 21, 2011 3:24pm Jan 21, 2011 3:24pm
Quoting tgwhbb
Nice late afternoon push on EU Not far now from Malc and prez78's estimate of 3620 area

Very happy with my trade today, but still need to improve my exits, get too trigger happy watching the 5M while in a trade.

last quarter i spent much time looking at higher time frames , saying ... eu is going here or there etc , often trades with 500 to 1000 pip profit. Most of the time I was right...but did not take the trade as was so wrapped up in the day trading thing and totaly burnt out from it.

so now I look at the bigger picture.... the trades do not come as often but they come and are 500 to 1500 pip ( if 1.3700 taken out in eu and symmetry is there 1.4500 is target , but one step at a time)

I have been watching euro weekly for a while now and seen the strength gathering. I asked gavin about this last week and posted a chart in this thread about the weekly. I do not really care about what the news is saying about eu .. the charts tell me otherwise. In fact I have not even looked at news including the ff calender for 4 weeks now. I do not kow when news is coming out or let it effect my thoughts as everything we need to know is in the charts.
Blogging daily now at www.volume.zone
  • #10,432
  • Jan 21, 2011 3:28pm Jan 21, 2011 3:28pm
Quoting malcolmb14
last quarter i spent much time looking at higher time frames , saying ... eu is going here or there etc , often trades with 500 to 1000 pip profit. Most of the time I was right...but did not take the trade as was so wrapped up in the day trading thing and totaly burnt out from it.

so now I look at the bigger picture.... the trades do not come as often but they come and are 500 to 1500 pip ( if 1.3700 taken out in eu and symmetry is there 1.4500 is target , but one step at a time)

I have been watching euro weekly for a while now and seen the...
Malc,

You metioned back a bit that you would be posting some charts showing you longer term trading plan / process. Do you still plan on sharing that with the thread?

Thanks for starting and continuing this great thread BTW... it is appreciated by many.
Today's zone = Tomorrow's opportunity!
  • #10,433
  • Jan 21, 2011 3:30pm Jan 21, 2011 3:30pm
I'm new to this VSA so bare with me a bit :-)
Since I also trade stocks I was wondering if this stock is currently in Accumlation&Distribution phase what should eventually lead this stock higher again? I know it's a bit off topic but trying to see a good sample.
So is this where large traders accumlate and hiding for the world?

Thanks and sorry for the inconvenience.
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  • #10,434
  • Jan 21, 2011 3:37pm Jan 21, 2011 3:37pm
Quoting pres78
Try entering on 5min and exiting on 15min the way HG does... might kep you in a little long and filter some whippy 5min candles.
I'm not sure where you got that idea, but I don't do that.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,435
  • Jan 21, 2011 3:37pm Jan 21, 2011 3:37pm
Quoting pres78
I hope at least 3627 so my attempt at a Malcolmbesque prediction comes true...
Well it came close...
Today's zone = Tomorrow's opportunity!
  • #10,436
  • Jan 21, 2011 3:38pm Jan 21, 2011 3:38pm
Quoting HiddenGap
I'm not sure where you got that idea, but I don't do that.
My appologies I thought you had mentioned about entering on the 5min and then staying in until the price crosess the 15min hull in the opposing direction. Must have gotten confused... again my appologies.
Today's zone = Tomorrow's opportunity!
  • #10,437
  • Jan 21, 2011 3:40pm Jan 21, 2011 3:40pm
Quoting HiddenGap
I'm not sure where you got that idea, but I don't do that.
There I deleted it so as not to confuse...
Today's zone = Tomorrow's opportunity!
  • #10,438
  • Jan 21, 2011 3:49pm Jan 21, 2011 3:49pm
Quoting hutrader
I'm new to this VSA so bare with me a bit :-)
Since I also trade stocks I was wondering if this stock is currently in Accumlation&Distribution phase what should eventually lead this stock higher again? I know it's a bit off topic but trying to see a good sample.
So is this where large traders accumlate and hiding for the world?

Thanks and sorry for the inconvenience.
I know this is Forex Factory, but I welcome the opportunity to see all kinds of instruments: Stocks, index Futures, Bonds, Grains, Cattle, you name it. All markets are driven by the forces of Supply and Demand....

It's kind of hard to see your volume, but it looks like the down bars are generally on less volume than the up bars. That's a good sign of some Accumulation.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,439
  • Jan 21, 2011 3:54pm Jan 21, 2011 3:54pm
Quoting pres78
My appologies I thought you had mentioned about entering on the 5min and then staying in until the price crosess the 15min hull in the opposing direction. Must have gotten confused... again my appologies.
No problem.

Actually, that may not be such a bad idea. I would take partial profits based on th 5 min first before moving to the 15 min.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,440
  • Jan 21, 2011 3:57pm Jan 21, 2011 3:57pm
Just wanted to share my trade this morning as I am still in the learning phase. I tend to switch time frames too much. This weekend I plan to review both winners and losers in order to improve my entries next week. Many thanks to all.
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