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vsa with Malcolm

  • #10,561
  • Jan 25, 2011 9:23am Jan 25, 2011 9:23am
Quoting NaughtyPip
which volume feed is this?
Seirra
  • #10,562
  • Jan 25, 2011 9:25am Jan 25, 2011 9:25am
I have seen malc and other folks looks into future chart, how does it help
for real time trading? Please suggest anyone..
  • #10,563
  • Jan 25, 2011 9:29am Jan 25, 2011 9:29am
Quoting skyscraper
I have seen malc and other folks looks into future chart, how does it help
for real time trading? Please suggest anyone..
i believe some refer to it for longer term volumes - daily, weekly, monthly as spot forex volume is tick volume and not as reliable for those longer term periods. futures volume for long term is supposed to me more accurate/reliable due to it being centralized whereas tick volume is not.
Change is the only constant
  • #10,564
  • Jan 25, 2011 9:30am Jan 25, 2011 9:30am
We are back to testing that 3670 area again but we got here on a high volume, WRB on the 15 min so we might see some retrace / pause again since the market does not like these (so I have been told )...

Watch for a possible test (hopefully on low volume) of that WRB bars close at 3663 or a NS to confirm further upside interest since we are at that current upside rejection zone.
Today's zone = Tomorrow's opportunity!
  • #10,565
  • Jan 25, 2011 9:33am Jan 25, 2011 9:33am
Quoting pres78
We are back to testing that 3670 area again but we got here on a high volume, WRB on the 15 min so we might see some retrace / pause again since the market does not like these (so I have been told )...

Yes sir, and think of all the traders who got caught short today selling on cable news, now they are all done, 3700 here we come.
  • #10,566
  • Jan 25, 2011 9:34am Jan 25, 2011 9:34am
Quoting skyscraper
I have seen malc and other folks looks into future chart, how does it help
for real time trading? Please suggest anyone..
There has been lots of posts in this thread on this subject, search the thread and you will find some great explanations.
  • #10,567
  • Jan 25, 2011 9:36am Jan 25, 2011 9:36am
Quoting Sonofsin5
Yes sir, and think of all the traders who got caught short today selling on cable news, now they are all done, 3700 here we come.
That's what I love about VSA you can get in on the retrace down and then back in on the move back up in sync with the markets movements all by watching for the signals built right into the charts that most completely miss... I too was once that guy who jumped in because I saw strength in an upbar when it was actually weakness forming...
Today's zone = Tomorrow's opportunity!
  • #10,568
  • Jan 25, 2011 9:43am Jan 25, 2011 9:43am
Quoting pres78
That's what I love about VSA you can get in on the retrace down and then back in on the move back up in sync with the markets movements all by watching for the signals built right into the charts that most completely miss... I too was once that guy who jumped in because I saw strength in an upbar when it was actually weakness forming...

You mean like this second huge volume?
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  • #10,569
  • Jan 25, 2011 9:44am Jan 25, 2011 9:44am
Quoting pres78
I entered this trade 1:15mins before LO. Saw weakness in the BG and a nice ND with low at 5984. Entered with SL at that shared high of 6012. I opened 3 lots with my first TP at 1:1 for +28 pips and moved the other 2 to BE (had MT4 email me once TP was hit since I was back in bed). Woke up to a nice surpirse to see that this thing has rocketed down. I close position 2 at +200 and move position 3 to BE+100 and will let it ride.
Closed my third position at 196 pips when price crossed up over the PAL on the 15min chart.
Today's zone = Tomorrow's opportunity!
  • #10,570
  • Jan 25, 2011 9:44am Jan 25, 2011 9:44am
Quoting tgwhbb
took a long after the 5min Ns/test bar after the shakeout seen. Long @3618, which is where the strength started to appear in early London session. SL set to BE+1 and watching.
closed my long for now...maybe too early once again, but the M5 seems like some more weakness - increasing volume with no result. closed at 3662 on the break of the pin bar.
Change is the only constant
  • #10,571
  • Jan 25, 2011 9:46am Jan 25, 2011 9:46am
Thankx, I saw your charts, what MT4 platform/broker you are using?
Quoting tgwhbb
took a long after the 5min Ns/test bar after the shakeout seen. Long @3618, which is where the strength started to appear in early London session. SL set to BE+1 and watching.
  • #10,572
  • Jan 25, 2011 9:48am Jan 25, 2011 9:48am
Quoting hutrader
You mean like this second huge volume?
Huge spikes in volume always tells you something... then you have to anylise the bars associated with this spike as well as the background and the bars that follow.
Today's zone = Tomorrow's opportunity!
  • #10,573
  • Jan 25, 2011 9:48am Jan 25, 2011 9:48am
Quoting skyscraper
Thankx, I saw your charts, what MT4 platform/broker you are using?
my live acct is with forex.com. I've found the broker volume on MT4 to be suspect at times, but they give me a free eSignal feed as well so I generally look at both the eSignal feed and broker feed.
Change is the only constant
  • #10,574
  • Jan 25, 2011 9:51am Jan 25, 2011 9:51am
Quoting tgwhbb
closed my long for now...maybe too early once again, but the M5 seems like some more weakness - increasing volume with no result. closed at 3662 on the break of the pin bar.
That zones been tough on the bulls. We need some steady upbars increasing in volume to push through this zone...There is still some ADR room left just have to wait and see if the money driving the market wants anymore upside.
Today's zone = Tomorrow's opportunity!
  • #10,575
  • Jan 25, 2011 9:53am Jan 25, 2011 9:53am
Is it possible that this is accumulation at 1.5760
  • #10,576
  • Jan 25, 2011 9:59am Jan 25, 2011 9:59am
Hi all
Can you guys read what the volume is trying to say when it comes to accumulation or distribution period... I'm not able to read it...
  • #10,577
  • Jan 25, 2011 10:05am Jan 25, 2011 10:05am
Quoting duyk20
Hi all
Can you guys read what the volume is trying to say when it comes to accumulation or distribution period... I'm not able to read it...
I have trouble with that as well. But generally accumulation is seen by lower volume on down moves and higher volume on up moves in a a consolidation range. distribution is the opposite.
Change is the only constant
  • #10,578
  • Jan 25, 2011 10:17am Jan 25, 2011 10:17am
Quoting Beljevina
Record futures volumes. No sign of buying IMO. 220 pips away from GU 1.6 - I think we're done there for a while.

The UK is the 1st of the G7 to report 4Q GDP. Will bet that the US will come out the best of G7, cementing the EU/GU/Gold reversal. Looking for another 100 pips to 1.568 for next TP.
Very unpredictable PA IMO. Aside from reports reiterating GBP selling, we've headed up ~50 pips from the bottom. Plenty of signs of ND, so I am going to chalk this up to mark-up AND EU's unresolved reach of 1.371 (and onwards). Weird stories about poor EU liquidity out there, and there looks to be a USD agenda to just whack it when it climbs up - check the strange PA in USDJPY.

If we break and hold above 1.584, I will need to readjust my bearishness for this week - but I still think GU is up here due to other unresolved xxxUSD/USDxx business. Check how EU got whacked - 60 pips up to 1.368 and then right back down in the span of an hour - that is rare PA in NY morning. London profit taking? Hmm. Encouraged by the current M15 close and rejection of 1.5825, but anything can happen in this crazy market. S&P and it's futures starting to give it up ... maybe things will get right (for bears!). Call me a doubting Thomas, but I just don't buy 1300 (yet at least).
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  • #10,579
  • Jan 25, 2011 10:27am Jan 25, 2011 10:27am
Quoting pres78
That zones been tough on the bulls. We need some steady upbars increasing in volume to push through this zone...There is still some ADR room left just have to wait and see if the money driving the market wants anymore upside.
quite the turn of events! Glad the signals i got out on turned out to be real waiting to see if the bottom of the trend channel will hold or not.
Change is the only constant
  • #10,580
  • Jan 25, 2011 10:35am Jan 25, 2011 10:35am
Quoting tgwhbb
quite the turn of events! Glad the signals i got out on turned out to be real waiting to see if the bottom of the trend channel will hold or not.
Look at that 15min wide range downbar it was on dropping off volume (lowest in 6 bars on my broker)... no selling pressure? Profit taking? The very next downbar closed off it's low on increased volume and back above that 3611 level. It was good that you got out. I closed out at 3670 simply because that zone between it and 3700 is a dead zone for trading ATM IMHO.
Today's zone = Tomorrow's opportunity!
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