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vsa with Malcolm

  • #10,801
  • Jan 27, 2011 10:31pm Jan 27, 2011 10:31pm
Quoting duyk20
Anyone could recommend me a broker's demo acc that has reliable volume data feed, similar to esignal, please

Heard someone say Citibank, currently, I'm using Go Market though.
Thank a million times
fxcm volume seems pretty good. you'll get an email that your demo account is expired after 1 week, but it will still work. At least it does for me.
Change is the only constant
  • #10,802
  • Jan 27, 2011 11:23pm Jan 27, 2011 11:23pm
Quoting tgwhbb
fxcm volume seems pretty good. you'll get an email that your demo account is expired after 1 week, but it will still work. At least it does for me.
You mean the one in this link: http://www.esignal.com/map/fxcm/default.aspx

It said esignal intergrated with fxcm. If it's working despite of expired notification, wonderful.
Thx for the information. Any others?
  • #10,803
  • Jan 27, 2011 11:36pm Jan 27, 2011 11:36pm
Quoting Mtm
Hi Intel, can i know now if you have a rule to follow for when to set SL to BE?

---> Thanks KinsaleForex for your post.



Hi kave, can i know what does "AR" stands for?
This is part of a Modern Wyckoff terminology, is not a VSA term. AR is a level that price rally after climax to put it simply. AR means auto-rally.

U can read it here, some guy lascavel
did some fine examples with it (from post#26 onwards) http://www.forexfactory.com/showthre...10#post4011310

Here is an illustration of EJ that i took that have the wyckoff reaccumulation going on b4 the upmove yesterday. Just look at the AR & also those ST (secondary test), testing on the prelim support.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_13 Jan. 28 13.35.gif Size: 27 KB
  • #10,804
  • Jan 28, 2011 12:18am Jan 28, 2011 12:18am
Quoting duyk20
Anyone could recommend me a broker's demo acc that has reliable volume data feed, similar to esignal, please

Heard someone say Citibank, currently, I'm using Go Market though.
Thank a million times
Try these guys - their liquidity should be into Citibank - not 100% though since it's a demo (choose server demo or demo1), and I trade live and just discovered slight differences, but others in the forum have indicated it is very good. FxPro and FXCM are pretty good as well I believe Malcolm has mentioned.
  • #10,805
  • Jan 28, 2011 2:24am Jan 28, 2011 2:24am
Quoting kave
.......U can read it here, some guy lascavel
did some fine examples with it .........

LOL

las isn't just 'some guy'. He's a top VSAer/wyckoffian. You've done well to recognise his posts as being relevant.

Have you got the wyckoff books and courses?
  • #10,806
  • Jan 28, 2011 2:35am Jan 28, 2011 2:35am
Quoting Mtm
Hi Intel, can i know now if you have a rule to follow for when to set SL to BE?

---> Thanks KinsaleForex for your post.



Hi kave, can i know what does "AR" stands for?
Kinsale is spot on. I am guilty of moving to BE too early on many occasions tho. So I'm currantly re-evaluating that plan. The beauty of the way I do it now tho(according to the plan), is that I rarely lose a trade (BE at worse) so I'm not sure if I'll change. Have to see what the reasearch brings me.
  • #10,807
  • Jan 28, 2011 2:46am Jan 28, 2011 2:46am
Looking at gbp/usd 5min chart

In a sell trade opened at 1.5960, moved stop to B/E as soon as prior swing low was broken. Trade left open looking for much bigger fall.

Got out of bed this morning and looked to move stop lower and lock in some profit. (See chart below). The 5min chart shows a base forming, the blue and orange horizontal lines. Price went up but then crashed through to the downside. Seeing this, I decided to move stop to 1.5915 locking in profit.

Why this swing high ? We are told to move stops (in a sell trade) to the prior swing high but on a 5min chart there are too many that fail. Price breaks the high, stops you out and then continues to fall while you are now out of your winning trade. This stop placement was based on market price movement, meaning I was looking a good support level to be broken. This stop position was the last swing high after the base price action was broken to the low side.
Attached Image (click to enlarge)
Click to Enlarge Name: stop placement.png Size: 26 KB
  • #10,808
  • Jan 28, 2011 3:22am Jan 28, 2011 3:22am
EU seems so weak but it is still trying to rise. Why???
  • #10,809
  • Jan 28, 2011 3:33am Jan 28, 2011 3:33am
To make you lose money Also the channel. Also some support lines.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1_2011-01-28.png Size: 71 KB
  • #10,810
  • Jan 28, 2011 3:35am Jan 28, 2011 3:35am
Quoting 1pipperhour
EU seems so weak but it is still trying to rise. Why???
because i'm long and she loves me
  • #10,811
  • Jan 28, 2011 3:37am Jan 28, 2011 3:37am
have fun with this chop if you feel the need to be in there.
options barrier fight going on this week.
  • #10,812
  • Jan 28, 2011 3:40am Jan 28, 2011 3:40am
I'm actually waiting for news later in the day. Right now the stops would be a bit too wide for me.
  • #10,813
  • Jan 28, 2011 3:44am Jan 28, 2011 3:44am
Quoting Dr.Geppynius
have fun with this chop if you feel the need to be in there.
options barrier fight going on this week.
I already took small loss today. But it seems weak. Isn't it? Or I'm not reading it right.
  • #10,814
  • Jan 28, 2011 3:46am Jan 28, 2011 3:46am
this is just a ugly fight here. one side wants it to trade above 3725-3750, the other below to collect the options premium.

i only would trade it at the boundaries..but i am flat here. this is the ugliest chop since a while.

Quoting 1pipperhour
I already took small loss today. But it seems weak. Isn't it? Or I'm not reading it right.
  • #10,815
  • Jan 28, 2011 3:51am Jan 28, 2011 3:51am
Quoting Dr.Geppynius
have fun with this chop if you feel the need to be in there.
options barrier fight going on this week.
You can say that again. Ugly and watching-paint-dry like action in EU & GU. Grossly indecisive - the shakeout pre-London was good, but, I don't think we're done yet. I don't know how the big boys are making money - this week has been terrible for movement - perhaps we will get it in NY Friday. Algos have really changed spot fx behaviours - I don't like it one bit. Off to bed before US GDP.
  • #10,816
  • Jan 28, 2011 3:56am Jan 28, 2011 3:56am
you can also make money by knowing when not to be in the market.
on 2hr we see fugly inside-out pa. bars closing outside of the previous bar, then back in..over and over. sometimes those otc option players get on my nerves.
  • #10,817
  • Jan 28, 2011 3:58am Jan 28, 2011 3:58am
Quoting Dr.Geppynius
you can also make money by knowing when not to be in the market.
on 2hr we see fugly inside-out pa. bars closing outside of the previous bar, then back in..over and over. sometimes those otc option players get on my nerves.
Let's use your tank on them
  • #10,818
  • Jan 28, 2011 4:16am Jan 28, 2011 4:16am
Hmmmm, very early days, but i've spent the morning scalping the 1m and 5m charts. I'm not certain, but I have detected the first signs of some distribution in EU.
  • #10,819
  • Jan 28, 2011 4:16am Jan 28, 2011 4:16am
this was my entry. It may be all wrong so don't follow. It's just a formation I'm studying. When the rejection pressure of a resistance falls rapidly within two bars.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 35 KB
  • #10,820
  • Jan 28, 2011 4:40am Jan 28, 2011 4:40am
It may have been a choppy week but every day we have made higher highs since last Thursday and have had upbars everyday since the 18th with the 17th being the only downbar since we started moving up on the 10th. I personally still only see strength and do not see any sure signs that this move is done. Today we should finally see a close up over that 61.8 fib at 3744 which is also Weekly R1 level opening us up to take on 3800, 3870 and then not much until 3950 and after that 4100-4160 zone.

For me to change to long term short I would want to see a daily close below 3610-3640...

But that's just me and maybe there is weakness in the air.
Today's zone = Tomorrow's opportunity!
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