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vsa with Malcolm

  • #11,121
  • Feb 1, 2011 12:25pm Feb 1, 2011 12:25pm
Quoting 1pipperhour
Not stop loss but losing trades .

About sl I can say that you just have to pick trades where you can put small sl to the place where juhanimi said. Intel has also written about placing stop losses if I remember correctly. For me personally 50 is too much. I never take trades where I have to put sl that far. 20 to 25 is more for me.
20-30pips as a SL would be great for me too.
I did do some 20-30pips SL with my previous posted VSA trades.
Just not able to do it consistently and with a profit.
My skill not up to scratch yet with such tight SL.

Would be good to see some more trade charts from you in future with the 20-25pips SL.
  • #11,122
  • Feb 1, 2011 12:45pm Feb 1, 2011 12:45pm
So I tried something a little different on a EURUSD long I took. After I saw that shake out bar on the 15min, I dropped all the way down to the 1min charts... I saw a nice looking NS which was back above both the PAL and the Hull... I entered at 3751 with a SL at 3726. I then switch back to the 5min and waited to see if price was going to stay above the hull and PAL... actually my entry happened on the bar that brought price back up over the hull on the 5min. Final TP was right around 70 pips. Yes we are still above the lines but we have moved the ADR and I am still expecting a retrace and test of that 61.8 fib from above.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 15min.gif Size: 17 KB
Click to Enlarge Name: eurusd 1min.gif Size: 17 KB
Click to Enlarge Name: eurusd 5min.gif Size: 20 KB
Today's zone = Tomorrow's opportunity!
  • #11,123
  • Feb 1, 2011 1:09pm Feb 1, 2011 1:09pm
Quoting pres78
So I tried something a little different on a EURUSD long I took....
excellent trade. i was long on both bounces before that volume came in, first time stopped at BE, 2nd time stopped at +16, third time i saw the volume and didn't react to it as was waiting for a test, which never came...

15M chart starting to close below the hull, so maybe i'll get that retrace i've been waiting for to get back in...
Change is the only constant
  • #11,124
  • Feb 1, 2011 1:15pm Feb 1, 2011 1:15pm
Quoting tgwhbb
excellent trade. i was long on both bounces before that volume came in, first time stopped at BE, 2nd time stopped at +16, third time i saw the volume and didn't react to it as was waiting for a test, which never came...

15M chart starting to close below the hull, so maybe i'll get that retrace i've been waiting for to get back in...
I would be really surprised if that 3740 area isn't tested for support before moving on up since it was such a strong resistance area for the last while.

NFP week though so who knows what craziness will go on...
Today's zone = Tomorrow's opportunity!
  • #11,125
  • Feb 1, 2011 1:22pm Feb 1, 2011 1:22pm
Quoting pres78
So I tried something a little different on a EURUSD long I took. After I saw that shake out bar on the 15min, I dropped all the way down to the 1min charts... I saw a nice looking NS which was back above both the PAL and the Hull... I entered at 3751 with a SL at 3726. I then switch back to the 5min and waited to see if price was going to stay above the hull and PAL... actually my entry happened on the bar that brought price back up over the hull on the 5min. Final TP was right around 70 pips. Yes we are still above the lines but we have moved the...
Mal, Dr., and Intel : look at what you have all created. WOW. /thread. LOL

Very nice trade.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #11,126
  • Feb 1, 2011 1:27pm Feb 1, 2011 1:27pm
Quoting HiddenGap
Mal, Dr., and Intel : look at what you have all created. WOW. /thread. LOL

Very nice trade.
Thanks for that...

You have played a big role in my VSA progress as well... this thread is a great learning tool in itself. Following all of the posts from you main VSA gurus (oh and the tests and quizes) and also seeing charts from others as they learn and grow has been priceless.

I still have a long ways to go before I can truly say that I full understand VSA and all it's subtle nuances.
Today's zone = Tomorrow's opportunity!
  • #11,127
  • Feb 1, 2011 2:57pm Feb 1, 2011 2:57pm
Quoting pres78
Next stop once that 61.8 fib is cleared (should stay above today) is 1.4... I think we may see a retest of that 61.8 fib at 3740 before going to far to see if it will now act as support.
i wouldnt be suprised to see it go to 1.44,i hope it makes a retracement so i can reload
  • #11,128
  • Feb 1, 2011 3:04pm Feb 1, 2011 3:04pm
Quoting HiddenGap
Mal, Dr., and Intel : look at what you have all created. WOW. /thread. LOL

Very nice trade.
Dont blame me......I've done my best to scupper everyone, but they just keep learning
  • #11,129
  • Feb 1, 2011 4:01pm Feb 1, 2011 4:01pm
Quoting pres78
So I tried something a little different on a EURUSD long I took....
That's a hell of a trade. I know that the BB gonna use the news to position themselves into the market, then I patiently wait for the test in 5m which never came, have thought of switch to 1m but never done that before, so..
Then I decided to came to the market but SL was too tight, got stopped out... today was a bad days for me... those BB are good at stopping people out in that move.
Hiddengap, Dr. G, Malcomb and everyone, what's your anticipation for tomorrow?
  • #11,130
  • Feb 1, 2011 4:06pm Feb 1, 2011 4:06pm
Quoting duyk20
That's a hell of a trade. I know that the BB gonna use the news to position themselves into the market, then I patiently wait for the test in 5m which never came, have thought of switch to 1m but never done that before, so..
Then I decided to came to the market but SL was too tight, got stopped out... today was a bad days for me... those BB are good at stopping people out in that move.
Hiddengap, Dr. G, Malcomb and everyone, what's your anticipation for tomorrow?
Yeah I am not sure how much 1min signals can be trusted but it worked out this time for me.
Today's zone = Tomorrow's opportunity!
  • #11,131
  • Feb 1, 2011 4:17pm Feb 1, 2011 4:17pm
Quoting duyk20
That's a hell of a trade. I know that the BB gonna use the news to position themselves into the market, then I patiently wait for the test in 5m which never came, have thought of switch to 1m but never done that before, so..
Then I decided to came to the market but SL was too tight, got stopped out... today was a bad days for me... those BB are good at stopping people out in that move.
Hiddengap, Dr. G, Malcomb and everyone, what's your anticipation for tomorrow?
Yep, after getting stopped out twice before (+16 on the day) the up move, i decided to wait for the same test as you but it never came...

I would like to see a test of 3740 area, hoping it goes there tomorrow but there doesn't seem to be any sellers in sight up at 3830 so not too sure if we'll come down that much...
Change is the only constant
  • #11,132
  • Feb 1, 2011 4:31pm Feb 1, 2011 4:31pm
Quoting tgwhbb
Yep, after getting stopped out twice before (+16 on the day) the up move, i decided to wait for the same test as you but it never came...

I would like to see a test of 3740 area, hoping it goes there tomorrow but there doesn't seem to be any sellers in sight up at 3830 so not too sure if we'll come down that much...
Well we do have ADP non farm payrolls tommorow... if it prints good we could see another news spike down shake out into this area before continuing upward on risk... good and bad news always confuses me a bit as I never can tell if good or bad will equate to strength or weakness for the US dollar. It seems that both good and bad news can have the same effect on the US dollar. I guess it all comes down to risk on / risk off sentiment.

I am looking for Asia to move it back under 3800 followed by a post news shake out around the 61.8 fib level. I would like to get in long at this area or on the opposite side I would like to get in short around the 3800-3820 area off a post news upthrust and confirmation.

Have to wait and see what the market gives us tommorow.
Today's zone = Tomorrow's opportunity!
  • #11,133
  • Feb 1, 2011 5:07pm Feb 1, 2011 5:07pm
why did i have to look at the thread..i did not even know it was adp and nfp week ... things were going so well .... after my rough start ( -130 pip gu and - 70 pip eu monday). Now I hope that thinking about news will not effect my judgement.



Quoting pres78
Well we do have ADP non farm payrolls tommorow... if it prints good we could see another news spike down shake out into this area before continuing upward on risk... good and bad news always confuses me a bit as I never can tell if good or bad will equate to strength or weakness for the US dollar. It seems that both good and bad news can have the same effect on the US dollar. I guess it all comes down to risk on / risk off sentiment.

I am looking for Asia to move it back under 3800 followed by a post news shake out around the 61.8 fib level. I...
Blogging daily now at www.volume.zone
  • #11,134
  • Feb 1, 2011 5:08pm Feb 1, 2011 5:08pm
Quoting malcolmb14
why did i have to look at the thread..i did not even know it was adp and nfp week ... things were going so well .... after my rough start ( -130 pip gu and - 70 pip eu monday). Now I hope that thinking about news will not effect my judgement.
My appologies... I will never mention news again on this thread again.
Today's zone = Tomorrow's opportunity!
  • #11,135
  • Feb 1, 2011 5:11pm Feb 1, 2011 5:11pm
Close 1hour break out bar is 1,3780 , as long as that holds i am buying dip for move to weekly range 1.4030.

today had awesome test 15 min with volume 30 min into us stock market on eu and gu....

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 108 KB




Quoting pres78
My appologies... I will never mention news again on this thread again.
Blogging daily now at www.volume.zone
  • #11,136
  • Feb 1, 2011 5:15pm Feb 1, 2011 5:15pm
Quoting malcolmb14
... things were going so well .... after my rough start ( -130 pip gu and - 70 pip eu monday). Now I hope...
...and you stopped by in EURUSD thread...
The Market pays you to be disciplined
  • #11,137
  • Feb 1, 2011 5:31pm Feb 1, 2011 5:31pm
Quoting malcolmb14
why did i have to look at the thread..i did not even know it was adp and nfp week ... things were going so well .... after my rough start ( -130 pip gu and - 70 pip eu monday). Now I hope that thinking about news will not effect my judgement.
Malc... good news due to lack of interest they cancelled all news releases this week so you can forget about it.
Today's zone = Tomorrow's opportunity!
  • #11,138
  • Feb 1, 2011 5:39pm Feb 1, 2011 5:39pm
Quoting pres78
Malc... good news due to lack of interest they cancelled all news releases this week so you can forget about it.
That's no good! How else are they going to suck in the herd?
Change is the only constant
  • #11,139
  • Feb 1, 2011 5:49pm Feb 1, 2011 5:49pm
Looking at the EURUSD I am now also seeing 3780-3790 as an area of interest today if price gets back into this area. This for me (with my most likely inaccurate broker volume data) is the close of my highest volume 1hr wide range bar that started with that shake out... This is coincidentally enough the daily pivot area also. A nice long set-up (or short if we get back below) in this area would be another great entry IMHO, since price is a long ways from that 3740 fib level ATM (which for me corresponds with that nice 15min shake out bars close at 3744)... So both the 15min and 1hr trigger levels for me correspond with my two levels of interest.

The other scenario is that price just rockets straight to 1.4 without looking back .
Today's zone = Tomorrow's opportunity!
  • #11,140
  • Feb 1, 2011 8:01pm Feb 1, 2011 8:01pm
I love this thread, but the sm and pro's run the world (They don't do the plumbing, build the roads, get cats out of trees, serve you good food - They are the users (been like that forever)). The more VSA is applied, the more the "market" will adapt.

We just have to play the game, but as soon as you "know" the rules, it changes.... Though game this....

Cheers guys.
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