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vsa with Malcolm

  • #10,981
  • Jan 30, 2011 12:45pm Jan 30, 2011 12:45pm
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...
Yes, Mal was calling for Euro @ 1.5 just a few days ago. His last post now says Euro @ 1.32670 or whatever.

But the true measure of a good trader is not found in his preditions. It is found in his ability to adjust to the realities of the current market conditions and act accordingly.

Predictions are great. But when predictions and reality deverge, we must always go with reality. And what is reality? What price is actually doing now.......
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,982
  • Jan 30, 2011 12:55pm Jan 30, 2011 12:55pm
Quoting HiddenGap
Yes, Mal was calling for Euro @ 1.5 just a few days ago. His last post now says Euro @ 1.32 or whatever.

But the true measure of a good trader is not found in his preditions. It is found in his ability to adjust to the realities of the current market conditions and act accordingly.

Predictions are great. But when predictions and reality deverge, we must always go with reality. And what is reality? What price is actually doing now.......
That's the way it is.

The market is a "criature" with its own life and is always changing. You have to adapt your criteria while it unfolds. What seems a clear bull market yesterday may become a choppy or even a bear market today. What is really important is your ability to adapt your trading to what you are seeing on your charts.

Predictions are nice but ... are only predictions, and may be confirmed or not, ... what makes the difference is to be able to acknowledge your prior mistake and adapt to the new conditions.

(Sorry for my English, I hope I can transmit what I want to).
  • #10,983
  • Jan 30, 2011 12:56pm Jan 30, 2011 12:56pm
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...

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...
1hr, 2hr, 4hr whatever chart you are looking at they all contain either background strength or weakness regardless of your brokers time. I don't take a 4hr trade based on 1 bar the same as I wouldn't take a 5min trade off just one bar.
Today's zone = Tomorrow's opportunity!
  • #10,984
  • Jan 30, 2011 12:58pm Jan 30, 2011 12:58pm
Quoting KinsaleForex
http://www.forexfactory.com/showpost...postcount=9239
Yes but there is currently no such thing as a value added tax in the U.S. And it would not surprise me if the cost for U.S. individuals is lower than the cost for non-residents. Nevertheless, let's say between $75.00-$104.00.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,985
  • Jan 30, 2011 1:04pm Jan 30, 2011 1:04pm
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.
So i take it that ninja trader as a software is better than esignal?

Come to think of it can i use dukascopy's feed considering their api has weird problems?
  • #10,986
  • Jan 30, 2011 1:09pm Jan 30, 2011 1:09pm
I've used NT for a long time and like it a lot. They have good customer service and the VPA (VSA) indicators that have been written and available free, are great.
He was looking for the card so high and wild hed never need to deal another
  • #10,987
  • Jan 30, 2011 1:18pm Jan 30, 2011 1:18pm
i am still watching the weekly very carefully.

1.5 is a long term prediction as in June 2011 or later this year.... but I am not going to buy and hold for ever

lest see .. egypt riots .. suez canal.. greece debt .. really .... mmm...lol

when i see hey euro going to 2 on the news then I will consider what i see on the weekly futures bullshit


Quoting HiddenGap
Yes, Mal was calling for Euro @ 1.5 just a few days ago. His last post now says Euro @ 1.32670 or whatever.

But the true measure of a good trader is not found in his preditions. It is found in his ability to adjust to the realities of the current market conditions and act accordingly.

Predictions are great. But when predictions and reality deverge, we must always go with reality. And what is reality? What price is actually doing now.......
Blogging daily now at www.volume.zone
  • #10,988
  • Jan 30, 2011 1:19pm Jan 30, 2011 1:19pm
Quoting dr_who
I've used NT for a long time and like it a lot. They have good customer service and the VPA (VSA) indicators that have been written and available free, are great.
How good are you at the code? Let's talk.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,989
  • Jan 30, 2011 1:24pm Jan 30, 2011 1:24pm
Quoting malcolmb14
...1.5 is a long term prediction as in June 2011 or later this year.... but I am not going to buy and hold for ever..
Is that another way of saying you don't let yourself get married to a position?

Hmmm, yet another quality of a good trader..........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,990
  • Jan 30, 2011 1:31pm Jan 30, 2011 1:31pm
something could be game changing...

weekly futures.. supply entered market and 4 weeks back there was a no demand. If 1.3360 breaks to down side then we will see how this weekly shapes up...

does not really bother me as I trade
1) day to day using 30 min charts and daily ranges for 50 to 100 pip per pair per day
2) weekly trying to catch weekly moves of 300 pip ( mostly seem to get in late in the move but snag 250 pip)

Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly.jpg Size: 183 KB
Blogging daily now at www.volume.zone
  • #10,991
  • Jan 30, 2011 1:38pm Jan 30, 2011 1:38pm
Does anyone have any experience with esignals Live Charts option?
Today's zone = Tomorrow's opportunity!
  • #10,992
  • Jan 30, 2011 1:45pm Jan 30, 2011 1:45pm
Quoting HiddenGap
Yes but there is currently no such thing as a value added tax in the U.S. And it would not surprise me if the cost for U.S. individuals is lower than the cost for non-residents. Nevertheless, let's say between $75.00-$104.00.
Ah yes, of course, getting ripped off in Ireland as usual
  • #10,993
  • Jan 30, 2011 2:05pm Jan 30, 2011 2:05pm
Mal,

Looks kind of interesting. Notice that as we moved up towards the close of the No Demand, we see supply enter on a wide spread up bar that closes off the high with the next bar down on Ultra High Volume. However, that next bar is on spec volume.

Does this mean that there is no supply and thus we go higher? We do have a cluster below that may hold up prices.

Again I would note the spec volume on this down bar is considerably less than the volume on the prior No Demand.
Attached Image (click to enlarge)
Click to Enlarge Name: ex1.png Size: 497 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,994
  • Jan 30, 2011 2:08pm Jan 30, 2011 2:08pm
Quoting KinsaleForex
Ah yes, of course, getting ripped off in Ireland as usual
Don't forget about leveragefx.com - if you sign up with fxcm, alpari and some other OK MT4 brokers (although the spread isn't ideal) as long as you meet 10 lots traded per month, you get eSignal free. I put through sure-fire trades there, so am not too concerned about a 1 pip higher spread.

Quoting dr_who
I've used NT for a long time and like it a lot. They have good customer service and the VPA (VSA) indicators that have been written and available free, are great.
Although not needed in your case, I believe the Thinkorswim VPA indi/study was written on the same recognition model, and it works wonderfully well I find. TOS is a serious platform - I have a paper account via the Canadian branch that is building up additional capacity & not taking clients for some reason - it is their futures volume that one would track, and the guys who wrote VPA use both TradeGuider and other tools, and VPA easily holds it's own. Just an option for someone who cannot get free access to NT (or TG).
  • #10,995
  • Jan 30, 2011 3:08pm Jan 30, 2011 3:08pm
Quoting HiddenGap
Mal,

Looks kind of interesting. Notice that as we moved up towards the close of the No Demand, we see supply enter on a wide spread up bar that closes off the high with the next bar down on Ultra High Volume. However, that next bar is on spec volume.

Does this mean that there is no supply and thus we go higher? We do have a cluster below that may hold up prices.

Again I would note the spec volume on this down bar is considerably less than the volume on the prior No Demand.
Maybe something wrong with the data feed? It's even lower than in December.
  • #10,996
  • Jan 30, 2011 3:28pm Jan 30, 2011 3:28pm
Quoting hutrader
Maybe something wrong with the data feed? It's even lower than in December.
After looking a the chart, I pulled up a weekly on Ensign. I show last week as a down squat-narrow range on volume greater than the previous bar (I hate forex). This makes that test the lowest volume bar is some time. And shows that demand is keeping the range narrow, a sign of strength. It looks like the market wants to go higher. The picture is kind of unclear at the moment for me.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,997
  • Jan 30, 2011 3:48pm Jan 30, 2011 3:48pm
I hate the way tradeguider deals with eod and weekly data

here is esignal chart ...WAY DIFFERENT !!!

last week was doji 1.3609 close... hence my sell under 1.3600 target 1.3280 / 1.3150. I have no idea how this egypt news is going to effect market

the levels noted on the chart is my weekly trade goal

Attached Image (click to enlarge)
Click to Enlarge Name: eu66.png Size: 190 KB






Attachment


Quoting HiddenGap
After looking a the chart, I pulled up a weekly on Ensign. I show last week as a down squat-narrow range on volume greater than the previous bar (I hate forex). This makes that test the lowest volume bar is some time. And shows that demand is keeping the range narrow, a sign of strength. It looks like the market wants to go higher. The picture is kind of unclear at the moment for me.
Blogging daily now at www.volume.zone
  • #10,998
  • Jan 30, 2011 4:09pm Jan 30, 2011 4:09pm
Quoting malcolmb14
5 min traders confused for sure...


Attachment
I may not trade like you do but, I PROMISE YOU, I'm not confused.
  • #10,999
  • Jan 30, 2011 4:21pm Jan 30, 2011 4:21pm
r u sure ? lol ... i am most of time

Quoting Intel
I may not trade like you do but, I PROMISE YOU, I'm not confused.
Blogging daily now at www.volume.zone
  • #11,000
  • Jan 30, 2011 5:31pm Jan 30, 2011 5:31pm
Mine looks ok

http://www.forexfactory.com/attachme...1&d=1296430064
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