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vsa with Malcolm

  • #10,961
  • Jan 30, 2011 10:05am Jan 30, 2011 10:05am
Quoting malcolmb14
5 min traders confused for sure...

sonofin , dr g and I been looking higher time frames... sonofin hit GU on sells several times thru the week and as far as i know was very happy by end of week

step back and look at markets form higher time frames and everything is clear. get 9 hours sleep a night, do not over think news, in fact do not even listen to news , and above all have balance in your life.

I have changed my trading times in January .. my results have blown me away. Most trades posted here on the weekends

I trade 2hr charts using sa/r...
well, i am a day trader and trade off 15M charts but i am really not bothered abt where EU is going to go next week...its simple...whichever way it goes, i play it...i just open my charts in the morning and trade what i see on the charts on a daily basis...if that day looks bearish, i place sells and vice versa...

one of the biggest mistakes that traders make (i also used to do it) is to day trade off 5M and 15M charts and try to predict what is going to happen 2 weeks from now...u should be clear...if u trade 5M and 15M just worry abt that day alone...dont worry abt what is going to happen next week...dont even bother to check ur charts over the weekend...its no use when u trade the 5M and 15M...

if u trade swings using 2H or 4H charts, dont bother abt what is happening intraday...just check on a daily basis...thats enuf...dont confuse the 2 methods of trading...intra-day and swing trade are totally different ways of trading...if u confuse both, u end up confused...keep it simple...just my 2 cents/paise...
  • #10,962
  • Jan 30, 2011 10:36am Jan 30, 2011 10:36am
Quoting ns_karthik
well, i am a day trader and trade off 15M charts but i am really not bothered abt where EU is going to go next week...its simple...whichever way it goes, i play it...i just open my charts in the morning and trade what i see on the charts on a daily basis...if that day looks bearish, i place sells and vice versa...

one of the biggest mistakes that traders make (i also used to do it) is to day trade off 5M and 15M charts and try to predict what is going to happen 2 weeks from now...u should be clear...if u trade 5M and 15M just worry abt that day...
They are very different indeed... most on here trade off the 5min charts and grab the moves as they happen up and down... I trade both ways. I take longer term positions from the 4hr charts but I also trade intraday using the 5min and 15min charts.

I had a long opened from the 4hr chart off a 4hr NS at 3290 which I closed on Friday at 3680 after that 4hr bar took off below my PAL and that 3670 which was important for me. During this move up though I also got in and out of many trades each and every day, so both styles can be traded simulatenously if one does not confuse each analysis.
Today's zone = Tomorrow's opportunity!
  • #10,963
  • Jan 30, 2011 10:47am Jan 30, 2011 10:47am
Quoting pres78
They are very different indeed... most on here trade off the 5min charts and grab the moves as they happen up and down......
well, to be very frank, i dont trust volume on 1H and 4H for the simple reason that the division of the times into 1H,4H is very arbitrary and its purely based on the time of your broker...so selling/buying taking place in 1 bar of your chart might be split between 2 bars of mine purely based on how our respective broker times are...so i really am not sure how you can judge ND, NS etc based on single 1H,4H bars..

as they say, background is important rather than individual bars as far as 1H and 4H are concerned as the division of the bar times are arbitrary...as for 5M and 15M and daily, they are the same for everyone...i am not saying that anyone is right/wrong...just sharing my thoughts...
  • #10,964
  • Jan 30, 2011 11:01am Jan 30, 2011 11:01am
Quoting ns_karthik
as they say, background is important rather than individual bars as far as 1H and 4H are concerned as the division of the bar times are arbitrary...as for 5M and 15M and daily, they are the same for everyone...i am not saying that anyone is right/wrong...just sharing my thoughts...
lol...no for example trading starts at 20:00 gmt on monday...so 15 minutes bar close is 20:15,1hr bar close is 21:00,4hr bar close is 00:00 gmt and so on...some brokers do mess it up though

However the essence of vsa is not that all syndicate traders and market makers suddenly get up and start trading so that they can turn the current candle into a doji or something...the dynamics of the market are reflected in the candles/bars not the other way around...
  • #10,965
  • Jan 30, 2011 11:05am Jan 30, 2011 11:05am
Quoting masq
lol...no for example trading starts at 20:00 gmt on monday...so 15 minutes bar close is 20:15,1hr bar close is 21:00,4hr bar close is 00:00 gmt and so on...some brokers do mess it up though
well, not sure how many brokers you have used...but if you have used 3-4 brokers, you will understand what i am trying to say....ur broker does not close bars based on what time the trading opens/closes...he does it based on what time his system runs...maybe u need to work with a few more brokers buddy...
  • #10,966
  • Jan 30, 2011 11:11am Jan 30, 2011 11:11am
Quoting ns_karthik
well, not sure how many brokers you have used...but if you have used 3-4 brokers, you will understand what i am trying to say....ur broker does not close bars based on what time the trading opens/closes...he does it based on what time his system runs...maybe u need to work with a few more brokers buddy...
like i said it does not really matter , the dynamics of price movement are reflected in the bars it is NOT the other way around...i edited my previous post
  • #10,967
  • Jan 30, 2011 11:19am Jan 30, 2011 11:19am
Quoting masq
like i said it does not really matter , the dynamics of price movement are reflected in the bars it is NOT the other way around...i edited my previous post
well, i guess u still havent understood my point...my point was that u dont get the price movements and base ur decisions on single bars...what looks like a doji in a 1H,4H bar of yours may not be a doji in my chart...cos ur 1H and 4H bar closes at a different time than mine...so u dont base ur decisions on a single bar but need to do on a set of bars...hope this is clear enough...

edit - same with the volume as well...what looks like a bar with huge volume on ur 1H or 4H chart may not have huge volume on my bar cos it closes at a different time...the volume on ur single bar would be split between 2 bars in my chart...so background is important and not single bars...
  • #10,968
  • Jan 30, 2011 11:22am Jan 30, 2011 11:22am
Quoting ns_karthik
well, i guess u still havent understood my point...my point was that u dont get the price movements and base ur decisions on single bars...what looks like a doji in a 1H,4H bar of yours may not be a doji in my chart...cos ur 1H and 4H bar closes at a different time than mine...so u dont base ur decisions on a single bar but need to do on a set of bars...hope this is clear enough...
Indeed background info is very important but what i was trying to dispute was that 2hr,4hr etc charts cannot be trusted for trading because they are different.
  • #10,969
  • Jan 30, 2011 11:28am Jan 30, 2011 11:28am
Quoting masq
Indeed background info is very important but what i was trying to dispute was that 2hr,4hr etc charts cannot be trusted for trading because they are different.
there is no dispute....single bars on 2H,1H,4H cannot be trusted...u need to see a set of such bars...period...if u feel otherwise, thats fine with me !!
  • #10,970
  • Jan 30, 2011 11:32am Jan 30, 2011 11:32am
Quoting ns_karthik
there is no dispute....single bars on 2H,1H,4H cannot be trusted...u need to see a set of such bars...period...if u feel otherwise, thats fine with me !!

Unless you get a NS-WB or NS-NB
  • #10,971
  • Jan 30, 2011 11:34am Jan 30, 2011 11:34am
all depends on skillage in vsa and your understanding of the market ... to be honest I trade mostly 2 hour and 4 hour candles and have been crushing in January.. everything form gold to es , gu and eu , oil etc ...

most trades posted here BEFORE thay happen....

life is so much better and balanced for me now.... feel like a normal human being

simple ....

if you cannot see the sellers in eu on the 2 hour in this chart ... when you have all the time in the world to watch the trade unfold like a story then you stand no hope on a 15 min chart

the wide spread down candle into 1.3620 had uh vol and IF we do not get back above 1.3630 then we can only assume that was all sellers , weekly range is 350 but with saudi stock exchange losing 6% Saturday and egypt bs going down this week maybe extraordinary , one trade ...30 min charting ,, 100 pip risk 400 pip profit by end of week....now how simple is this

with trading higher times frames i can spend time watching all kinds of things rather than just one trade... hell I can even have a 2hour nap between candles

I have come to the realization there is NOTHING random about fx and it is very well regulated globally ... if we had 10 cent moves in gu or eu in a day the world economy would be in turmoil... world banks keeps things orderly, once yo acknowledge this then trading is simple.

Attached Image (click to enlarge)
Click to Enlarge Name: eu62.png Size: 197 KB








Quoting ns_karthik
well, to be very frank, i dont trust volume on 1H and 4H for the simple reason that the division of the times into 1H,4H is very arbitrary and its purely based on the time of your broker...so selling/buying taking place in 1 bar of your chart might be split between 2 bars of mine purely based on how our respective broker times are...so i really am not sure how you can judge ND, NS etc based on single 1H,4H bars..

as they say, background is important rather than individual bars as far as 1H and 4H are concerned as the division of the bar times are...
Blogging daily now at www.volume.zone
  • #10,972
  • Jan 30, 2011 11:38am Jan 30, 2011 11:38am
well, i guess each of us have their points of view and those who have expressed their views arent going to change it....good reason too cos it works for them...for those who dont have any views, they can see the theories presented here and can then decide for themselves....as for us, lets all agree to disagree....
  • #10,973
  • Jan 30, 2011 11:42am Jan 30, 2011 11:42am
maybe you need to get real charting package rather than rely on broker for your charts... tradestation or esignal are great

I have no issues....with my 2hour

Quoting ns_karthik
well, not sure how many brokers you have used...but if you have used 3-4 brokers, you will understand what i am trying to say....ur broker does not close bars based on what time the trading opens/closes...he does it based on what time his system runs...maybe u need to work with a few more brokers buddy...
Blogging daily now at www.volume.zone
  • #10,974
  • Jan 30, 2011 11:57am Jan 30, 2011 11:57am
I am considering to setup a chatroom or skype chatroom so that we can learn from each other and there probably won't be misunderstandings if somebody calls before or after. Just an idea. What do you think?
  • #10,975
  • Jan 30, 2011 11:59am Jan 30, 2011 11:59am
Quoting malcolmb14
maybe you need to get real charting package rather than rely on broker for your charts... tradestation or esignal are great

I have no issues....with my 2hour
Lots have traders have told me this...but is it worth it in your opinion?

I always thought that esignal etc were meant for traders who traded a lot of different financial instruments and wanted to manage them all in one place...

$150 seems a bit too much for just forex data...

Also correct me if i am wrong but esignal is data feed and software togther while multicharts,tradestation etc the price is only for the charting software??
  • #10,976
  • Jan 30, 2011 12:03pm Jan 30, 2011 12:03pm
my only request is that all readers go thru all posts from Thursday thru till today to know how all traders have struggled to predict the direction of the euro over these days...people have been ultra bullish, ultra bearish, somewhere in between within a span of 1-2 days...irrespective of the timeframe they traded or the feed that they used....irrespective of how good or bad they were...been a tough week to trade and i hope everyone accepts that fact...else they r lying as can be seen from their posts from the mid of last week...

as for me, i did not take a single trade from the middle of london session and hence did not go short on the euro...i didnt make any money on that move....so u can say that i missed the move and the money from that move but i would rather say that i protected myself from losing my money...i had already met my weekly profit target...anyway,thats it from me...back to my hibernation for the next few days....
  • #10,977
  • Jan 30, 2011 12:07pm Jan 30, 2011 12:07pm
Quoting ns_karthik
my only request is that all readers go thru all posts from Thursday thru till today to know how all traders have struggled to predict the direction of the euro over these days...people have been ultra bullish, ultra bearish, somewhere in between within a span of 1-2 days...irrespective of the timeframe they traded or the feed that they used....irrespective of how good or bad they were...been a tough week to trade and i hope everyone accepts that fact...else they r lying as can be seen from their posts from the mid of last week...

as for me, i...
WTH has this got to do with anything??
  • #10,978
  • Jan 30, 2011 12:38pm Jan 30, 2011 12:38pm
Quoting masq
Lots have traders have told me this...but is it worth it in your opinion?I always thought that esignal etc were meant for traders who traded a lot of different financial instruments and wanted to manage them all in one place...$150 seems a bit too much for just forex data...
Ninja Trader is FREE for life you only need pay for a data feed.

Esingal with GTIS is around $75.00-$100.00 a month.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,979
  • Jan 30, 2011 12:40pm Jan 30, 2011 12:40pm
last week I mentioned buy eu 1.3540 , kissed that thought we get to 1.3850 but stalled out , and the 2 hour thursday made me move stop tight.... stopped out 1.3670 but in sell 1.3670



Quoting ns_karthik
my only request is that all readers go thru all posts from Thursday thru till today to know how all traders have struggled to predict the direction of the euro over these days...people have been ultra bullish, ultra bearish, somewhere in between within a span of 1-2 days...irrespective of the timeframe they traded or the feed that they used....irrespective of how good or bad they were...been a tough week to trade and i hope everyone accepts that fact...else they r lying as can be seen from their posts from the mid of last week...

as for me, i did...
Blogging daily now at www.volume.zone
  • #10,980
  • Jan 30, 2011 12:44pm Jan 30, 2011 12:44pm
Quoting HiddenGap
Ninja Trader is FREE for life you only need pay for a data feed.

Esingal with GTIS is around $75.00-$100.00 a month.
http://www.forexfactory.com/showpost...postcount=9239
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