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vsa with Malcolm

  • #10,921
  • Edited 3:35am Jan 30, 2011 3:16am | Edited 3:35am
I see where you get 3270.. but why not 3434? It played a major role as resistance during the last accum phase, you dont think it will hold as support?

that is unless 3566 holds.


Quoting malcolmb14

sell 1.3620 , target 1,3270 , stop 100 pip 1 to 3.5 r/r ratio .... freebie

Attachment
*EDIT*

On a VSA side note 1h friday at 9am, highest concentration of volume since the 1/13 break out, which is on a down bar. Looking for bullish confirmation on a higher TF.
  • #10,922
  • Jan 30, 2011 3:19am Jan 30, 2011 3:19am
Quoting hutrader
So you see an inverted hammer on decent volume. The result versus Effort is bad since we end on the lower part of the candle. Then a low volume up bar appears followed by a bit higher volume "upthrust" what is way lower volume than the bar circled in yellow and then followed by a smack down with increasing volume. This is the way you see it?
Precisely , though decent volume might be a bit of an understatement...you can see that there is actually no volume higher than on that candle during the up move or even the entire chart.
  • #10,923
  • Jan 30, 2011 3:46am Jan 30, 2011 3:46am
Quoting malcolmb14
that is ok ... i got to take someones money ... may as well be yours

this is why a market works .. bulls and bears

How about this....weekly is bullish..... I think anyway....they do a nice shake out down to 1.3150 for yet more accumulation ....
  • #10,924
  • Jan 30, 2011 3:48am Jan 30, 2011 3:48am
Quoting mima
Trend? Really?
YES! No point pick tops and bottoms.

Edit: have you ever read the book "Master the markets"? If not, please do.
  • #10,925
  • Jan 30, 2011 3:59am Jan 30, 2011 3:59am
Quoting 1pipperhour
YES! No point pick tops and bottoms.

Edit: have you ever read the book "Master the markets"? If not, please do.
The Market pays you to be disciplined
  • #10,926
  • Jan 30, 2011 4:00am Jan 30, 2011 4:00am
Quoting 1pipperhour
No. The most important thing is the trend. Without seeing the trend but only looking a chart posted I would have gone long.

Edit: oh, and this was 5min chart, yes? So we have to look at higher timeframes before we take action.
Trend is not the most important factor when analysing charts. If this was the case, we wouldn't need VSA. We dont need to look at higher TF charts to make an entry. Some traders DO use the higher TF but it is not mandatory. You are simply describing a 'style' of trading. There are other styles.

80% of my trades are taken against the trend, and I NEVER consider the higher TF before entering. Just another style of trading.
  • #10,927
  • Jan 30, 2011 4:10am Jan 30, 2011 4:10am
Quoting Intel
Trend is not the most important factor when analysing charts. If this was the case, we wouldn't need VSA. We dont need to look at higher TF charts to make an entry. Some traders DO use the higher TF but it is not mandatory. You are simply describing a 'style' of trading. There are other styles.

80% of my trades are taken against the trend, and I NEVER consider the higher TF before entering. Just another style of trading.
Come one Intel. I've seen your trades. You trade 5 min. You always wait trend reversal and enter on ns for long and nd for short. You don't take every up-thrust you see. You wait because you like to be sure.
  • #10,928
  • Jan 30, 2011 4:20am Jan 30, 2011 4:20am
Quoting 1pipperhour
Come one Intel. I've seen your trades. You trade 5 min. You always wait trend reversal and enter on ns for long and nd for short. You don't take every up-thrust you see. You wait because you like to be sure.
Yes thats right, I trade trend reversals. I dont care whether its a major or minor trend. There is no trend formed when I enter. In fact, I have normally exited before the trend is in full flow (wish I didn't).

HG enters a little later when the reversal has been confirmed and often gets the bigger trade. Then there are traders like yourself maybe, who wait for the trend to form then find an entry with it. Niether is more correct than the other, just different.
  • #10,929
  • Jan 30, 2011 4:20am Jan 30, 2011 4:20am
Quoting mima
Mhmm.

Next thing you should recognize after seeing signs of strength or weakness.

MTM page 112 - Checklist for going long

Can you recognise the early stages of an upward trend? If you are using TradeGuider, you can turn on
the ‘instant trend’ indicator (the diamonds should be green). Also look at the colour of the bars – these

should also be green. On any reaction, if the low is higher than the last reaction, this is an uptrend.

MTM page 114 - Checklist for going short

Can you recognise the early stages of a downward trend? If you are using TradeGuider, you can turn
on the ‘instant trend’ indicator (the diamonds should be red). Also look at the colour of the bars –
these should also be red. On any correction, if the low is lower than the last correction, this is a

downtrend.
  • #10,930
  • Jan 30, 2011 4:26am Jan 30, 2011 4:26am
Quoting Intel
Yes thats right, I trade trend reversals. I dont care whether its a major or minor trend. There is no trend formed when I enter. In fact, I have normally exited before the trend is in full flow (wish I didn't).

HG enters a little later when the reversal has been confirmed and often gets the bigger trade. Then there are traders like yourself maybe, who wait for the trend to form then find an entry with it. Niether is more correct than the other, just different.
So basically you don't fight the trend you go with it. Right? It's just that you are so advanced already that you can recognize the trend at very early stages.
  • #10,931
  • Jan 30, 2011 4:49am Jan 30, 2011 4:49am
Quoting 1pipperhour
So basically you don't fight the trend you go with it. Right? It's just that you are so advanced already that you can recognize the trend at very early stages.
A lot of my trades are against the trend. They are the retraces. EG M5 chart, 25 bar up trend, then a 5 bar retrace/correction then a further 20 bar up trend.

In the above scenario, I would be looking to identify and trade the reversal from up trend to retrace AND the reversal from retrace to up trend.

1 trade against the trend and 1 with the trend. Of course, it's a ranging market that I pray for
  • #10,932
  • Jan 30, 2011 4:50am Jan 30, 2011 4:50am
Quoting malcolmb14
I will give this one to you for free .. no charge

IF that low of thew 2 hour bar is not taken out in london (1.3630) we can assume that it is top of week....

sell 1.3620 , target 1,3270 , stop 100 pip 1 to 3.5 r/r ratio .... freebie

Attachment
I've seen you take it before not that long ago. So we need to see a candle with the higher low than this previous long candle's low or else we are going down. This was the case last time and you were 100% correct. But I hope that this is just another test of that level and I get mushroom sauce
  • #10,933
  • Jan 30, 2011 4:56am Jan 30, 2011 4:56am
Quoting 1pipperhour
Yep.
LOOOOL THANK YOU!! Now I do see it
  • #10,934
  • Jan 30, 2011 5:10am Jan 30, 2011 5:10am
I've been a fan of the theory behind VSA since I met Tom Williams and read his book way back in the early 90s. I even still look at it ocassionally in NinjaTrader (which has a great free VSA system available on their forum) but the big problem for FX is the poor volume data, particularly when it comes to MT4 which has terribly inaccurate volume data. My data comes from my account with MB Trading but even that, which Darkstar will confirm, is pretty random.

I've yet to be convinced that VSA can possibly work with MT4 and I'm sure those who are making it working on this thread are either lucky or are good traders anyway and using VSA only as a confirmation.

Because most of my profit comes from trading news I do like to look at VSA prior to a news event to see who's doing what to whom. It can be a good indicator of what will happen when the report comes out.
He was looking for the card so high and wild hed never need to deal another
  • #10,935
  • Jan 30, 2011 5:26am Jan 30, 2011 5:26am
Quoting dr_who
I've been a fan of the theory behind VSA since I met Tom Williams and read his book way back in the early 90s. I even still look at it ocassionally in NinjaTrader (which has a great free VSA system available on their forum) but the big problem for FX is the poor volume data, particularly when it comes to MT4 which has terribly inaccurate volume data. My data comes from my account with MB Trading but even that, which Darkstar will confirm, is pretty random.

I've yet to be convinced that VSA can possibly work with MT4 and I'm sure those who are...
I do make a regular profit and i don't use anything but vsa and fibonacci....i use dukascopy's volume for my trading because i have in writing from them that their volume is an aggregate of all their liquidity providers...and some of the biggest liquidity providers in the world work with them...as a matter of fact i think they now have a direct link into icap(ebs)...

as for mt4 try varengoldfox's their demo is without expiration and volume data is almost same as dukascopy's
  • #10,936
  • Jan 30, 2011 5:31am Jan 30, 2011 5:31am
Quoting dr_who
I've been a fan of the theory behind VSA since I met Tom Williams and read his book way back in the early 90s. I even still look at it ocassionally in NinjaTrader (which has a great free VSA system available on their forum) but the big problem for FX is the poor volume data, particularly when it comes to MT4 which has terribly inaccurate volume data. My data comes from my account with MB Trading but even that, which Darkstar will confirm, is pretty random.

I've yet to be convinced that VSA can possibly work with MT4 and I'm sure those who are...
Hi dr_who,

I am not a 'lucky' trader. In fact, if it wasn't for bad luck, I'd have no luck at all. I know no other trading method, just VSA. I use MT4 with either FXCM or The Collective volume feed. I would hope that I've demonstrated that it does work.

From spending 99% of my forum time, in VSA threads, it's my opinion that the traders that cannot make VSA work with MT4 and retail feed, would not make it work with Esignal either. When they cannot learn VSA correctly, they then blame the feed.
  • #10,937
  • Jan 30, 2011 5:37am Jan 30, 2011 5:37am
Quoting Intel
Hi dr_who,

I am not a 'lucky' trader. In fact, if it wasn't for bad luck, I'd have no luck at all. I know no other trading method, just VSA. I use MT4 with either FXCM or The Collective volume feed. I would hope that I've demonstrated that it does work.

From spending 99% of my forum time, in VSA threads, it's my opinion that the traders that cannot make VSA work with MT4 and retail feed, would not make it work with Esignal either. When they cannot learn VSA correctly, they then blame the feed.
you are correct to a degree but i think that data feed is also a problem...fxcm's data feed is quite good....try comparing it with fxpro's data feed(one of my first demo accounts due to no expiration) i assure you it would be extremely difficult for you to even break even with just vsa.
  • #10,938
  • Jan 30, 2011 5:42am Jan 30, 2011 5:42am
Quoting masq
you are correct to a degree but i think that data feed is also a problem...fxcm's data feed is quite good....try comparing it with fxpro's data feed(one of my first demo accounts due to no expiration) i assure you it would be extremely difficult for you to even break even with just vsa.

What is the problem with their feed?
  • #10,939
  • Jan 30, 2011 5:49am Jan 30, 2011 5:49am
Quoting Intel
What is the problem with their feed?
Hmm...how to answer that..its just wrong...

I was actually comparing their feed and dukascopy's side by side , i was actually amazed at the difference up thrusts have high volume...genuine moves have low volumes...just all around very bad for trading...

they almost managed to convince me that vsa sucks , when it struck me that maybe something is wrong with their data feed...and lo and behold...
  • #10,940
  • Jan 30, 2011 5:51am Jan 30, 2011 5:51am
Quoting masq
Hmm...how to answer that..its just wrong...

I was actually comparing their feed and dukascopy's side by side , i was actually amazed at the difference up thrusts have high volume...genuine moves have low volumes...just all around very bad for trading...

they almost managed to convince me that vsa sucks , when it struck me that maybe something is wrong with their data feed...and lo and behold...
LOL, good man.
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