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vsa with Malcolm

  • #10,861
  • Jan 28, 2011 11:45am Jan 28, 2011 11:45am
Quoting KinsaleForex
Don't have a free hand tool but you get the gist..
Thnak you! But I think I will never recognize one
  • #10,862
  • Jan 28, 2011 1:02pm Jan 28, 2011 1:02pm
Quoting juhanimi
Here is entries, hope I can send this pic, it is really beautiful.

Had to smile because only traders can appreciate a beatiful chart when we see one. Just got back and missed all the action.
  • #10,863
  • Jan 28, 2011 1:29pm Jan 28, 2011 1:29pm
Can somebody post an example chart for a no supply if u have it.
  • #10,864
  • Jan 28, 2011 1:34pm Jan 28, 2011 1:34pm
Quoting mrWolf
Can somebody post an example chart for a no supply if u have it.
Here you go.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 18 KB
Today's zone = Tomorrow's opportunity!
  • #10,865
  • Jan 28, 2011 5:15pm Jan 28, 2011 5:15pm
Quoting pres78
Here you go.
thanks alot
  • #10,866
  • Jan 28, 2011 6:04pm Jan 28, 2011 6:04pm
Greeting all. Would somebody be so kind as to glance over my chart, I thought my analysis was ok but this weeks trading results tell a different story
This was an in hindsight trade on the eurgbp pair.

Any comments much appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 30m VSA set-up 2011-01-28 at 23.43.42.jpg Size: 231 KB
  • #10,867
  • Jan 29, 2011 2:20am Jan 29, 2011 2:20am
Here is a tricky one. I won't tell what pair this is. Just wondering what the more experienced people would do. You have to take a position since there is an ultra low volume bar what you can't resist. So would you go long or short? And please explain why long or why short so that we can learn from it.

Thnx :-)
Attached Image (click to enlarge)
Click to Enlarge Name: longshort.jpg Size: 117 KB
  • #10,868
  • Jan 29, 2011 3:00am Jan 29, 2011 3:00am
Quoting hutrader
Here is a tricky one. I won't tell what pair this is. Just wondering what the more experienced people would do. You have to take a position since there is an ultra low volume bar what you can't resist. So would you go long or short? And please explain why long or why short so that we can learn from it.

Thnx :-)
Would take a short.So far we have a high volume inverted hammer(a bullish sign when appearing after a long down move but bearish here) and a no demand wide spread up through an area of previous resistance...the initial weakness and the confirmation if you will...
  • #10,869
  • Jan 29, 2011 3:02am Jan 29, 2011 3:02am
absolutely no reason to think of shorts. we had preliminary support followed by the selling climax which marked the low. then the automatic rally resulting in a drive down to test the area of supply (first yellow rectangle. i would have taken my initial position here). this is the time to look for entries. we got testing.
then price drifted up, broke resistance on on dips kept the gains. the bar you marked is a textbook test in the right spot, at previous resistance indicating supply has been cleared. we have pleanty signs of strength behind us. not the little signs like reversal pattern, smaller downwaves and increasing vol on rallies.

http://img806.imageshack.us/img806/4...0129095536.png
  • #10,870
  • Jan 29, 2011 4:05am Jan 29, 2011 4:05am
Probably short...price hit supply level and ND is there...also I would look stochastic to see if price is overbought...
Attached Image
The Market pays you to be disciplined
  • #10,871
  • Jan 29, 2011 4:26am Jan 29, 2011 4:26am
It's long imo.
Yes the volume is low on the bar, but as Dr G said, there was no desire to sell through support prior to it. I look at it like this; there was low volume, but the bar still ended positive having attempted to go down. That tells me sellers have stepped out. Next bar confirmed it.
AND, the earlier supply bars were on higher volume which at least indicates some buying too.
  • #10,872
  • Jan 29, 2011 5:36am Jan 29, 2011 5:36am
Quoting hutrader
Here is a tricky one. I won't tell what pair this is. Just wondering what the more experienced people would do. You have to take a position since there is an ultra low volume bar what you can't resist. So would you go long or short? And please explain why long or why short so that we can learn from it.

Thnx :-)
I see more weakness since the down move but I would never trade this. Too unpredictable.

EDIT: I forgot to draw a horizontal line at the peak where I wrote 'Selling Here'. That represents a temp resistance area. You can see the weakness to the right when price pops above that level.
Attached Image (click to enlarge)
Click to Enlarge Name: longshort.JPG Size: 84 KB
  • #10,873
  • Jan 29, 2011 5:48am Jan 29, 2011 5:48am
the whole story on this picture is classic wyckoff and building of a cause for the upmove. preliminary support, selling climax, automatic rally which found little more selling, test and jumping over the creek.
  • #10,874
  • Jan 29, 2011 5:54am Jan 29, 2011 5:54am
Would you go long or short?

I´m so thankful for your explanations, so detailed and easy to understand, also for newbies like me.

IMO also the H1 shows strength comming in, and the last daily downbar was only a retrace to the 50% Fib of the last weekly downmove.
Am i right???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU-H1-29.1.11.PNG Size: 71 KB
Click to Enlarge Name: EU-D1-29.1.11.PNG Size: 73 KB
Trade well and many pips to all. Martin
  • #10,875
  • Jan 29, 2011 5:57am Jan 29, 2011 5:57am
Quoting Dr.Geppynius
the whole story on this picture is classic wyckoff and building of a cause for the upmove. preliminary support, selling climax, automatic rally which found little more selling, test and jumping over the creek.

You're probably right for the medium term. If I was FORCED to enter here, I'd go short but, if you weren't holding a knife to my throat, there's no way I would trade it.
  • #10,876
  • Edited 7:33am Jan 29, 2011 6:12am | Edited 7:33am
the whole story on this picture is classic Bull trap (go short)...as Intel said: If I was FORCED to enter here...

http://www.forexfactory.com/attachme...1&d=1296295487
The Market pays you to be disciplined
  • #10,877
  • Jan 29, 2011 6:19am Jan 29, 2011 6:19am
EU-M30

Retrace to these levels with VSA signals (weak) would be nice place to go short?
Attached Image (click to enlarge)
Click to Enlarge Name: eu-m30.gif Size: 38 KB
  • #10,878
  • Jan 29, 2011 7:49am Jan 29, 2011 7:49am
look three bars back form the one you highlighted... that was sellers

also look at higher time frame like 30 ... what is going on ? should you be buying dips or selling rallies in the time period of the the 5 min chat you posted

remember 5 min charts do not show the overall pros intent.....the higher time frames do

i was in a sell gu before gdp on friday due to the 30 min.....and the prior days 2 hr charts

Quoting hutrader
Here is a tricky one. I won't tell what pair this is. Just wondering what the more experienced people would do. You have to take a position since there is an ultra low volume bar what you can't resist. So would you go long or short? And please explain why long or why short so that we can learn from it.

Thnx :-)
Blogging daily now at www.volume.zone
  • #10,879
  • Jan 29, 2011 7:52am Jan 29, 2011 7:52am
if the low of the 4 hour candle break 1.3600 , on Monday then as we had high volume on a down bar closing on its lows , with ONLY a 20 pip retrace we can only assume that it was ALL sellers.

1.3600 breaks next session then 1.3300 to even 1`.3150 target for week....



Quoting pipmax
Would you go long or short?

I´m so thankful for your explanations, so detailed and easy to understand, also for newbies like me.

IMO also the H1 shows strength comming in, and the last daily downbar was only a retrace to the 50% Fib of the last weekly downmove.
Am i right???
Blogging daily now at www.volume.zone
  • #10,880
  • Jan 29, 2011 7:54am Jan 29, 2011 7:54am
Quoting malcolmb14
look three bars back form the one you highlighted... that was sellers

also look at higher time frame like 30 ... what is going on ? should you be buying dips or selling rallies in the time period of the the 5 min chat you posted

remember 5 min charts do not show the overall pros intent.....the higher time frames do

i was in a sell gu before gdp on friday due to the 30 min.....and the prior days 2 hr charts
How do you know where to look for the higher TFs?
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