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vsa with Malcolm

  • #11,621
  • Feb 7, 2011 4:33pm Feb 7, 2011 4:33pm
Quoting ukdaytrader
Agreed. 1hr TF today is even clearer imo. It isn't a small amount either when you compare the volumes to NFP last Friday.

Attachment
Today's volume on E-signal is considerably lower than the NFP bar(s)
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  • #11,622
  • Feb 7, 2011 4:42pm Feb 7, 2011 4:42pm
Someone wrote about daily candles and that we cannot really trust these, because of timezones (24), but I cannot find that post, so much other sh... here now, but I think when you have EurO & US sessions in same candle, then there should not be a problem. And because VSA is not about 1 candle, maybe there is no problem at all in daily candles.
  • #11,623
  • Feb 7, 2011 4:44pm Feb 7, 2011 4:44pm
Quoting malcolmb14
Me , sonofin and DR G all long euro ... seeing same thing

You selling why ? hunch ? lol

3640 please.
  • #11,624
  • Feb 7, 2011 4:56pm Feb 7, 2011 4:56pm
Quoting Steve Gill
I agree - I think it's important for newbies that the discussion remains on VSA only otherwise it becomes like all the other topics - non specific.

IMHO discussion about whether the price will go hit this value or drop to that value belongs in the relevant generic thread (e.g. EURUSD) and this one should stick to predictions/discussions including VSA explanations of how you came to that conclusion - exactly as Malc and Dr G kindly do every time.

I'm watching from the sidelines personally to try and get back into the swing of the market, in...
Okey, big elefants are long with EU.
I check weekly chart at weekend and for me that looks bearish, 2 UpTrhust`s.
  • #11,625
  • Feb 7, 2011 5:46pm Feb 7, 2011 5:46pm
The NS today looks sweet. My first VSA trade, gonna stay up till we break 1.3640, then put stops at BE and add more.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #11,626
  • Feb 7, 2011 6:18pm Feb 7, 2011 6:18pm
Quoting KinsaleForex
Today's volume on E-signal is considerably lower than the NFP bar(s)
I was refering more to background rather than individual candles. Lots of sustained volume today which wasn't present last week.
  • #11,627
  • Feb 7, 2011 6:19pm Feb 7, 2011 6:19pm
(EU) There's been buying during the drops the past few days, now bullish 4h hull. Also on the 15m there is a wide spread down bar on (relatively--it's Tokyo's first 15m bar) ultra high volume which could be a sign of strength.
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  • #11,628
  • Feb 7, 2011 6:19pm Feb 7, 2011 6:19pm
Quoting juhanimi
Someone wrote about daily candles and that we cannot really trust these, because of timezones (24), but I cannot find that post, so much other sh... here now, but I think when you have EurO & US sessions in same candle, then there should not be a problem. And because VSA is not about 1 candle, maybe there is no problem at all in daily candles.
Good quality charting packages will let you customize your times for charts. In my case I like to use the London open as my start for the "day." The most money on the majority of trading days will change hand from London open to NY close. As long as this time period is together in my daily bar I am confident in its validity as a 1 day candle.
  • #11,629
  • Feb 7, 2011 7:22pm Feb 7, 2011 7:22pm
Quoting 1pipperhour
On my 10 min chart according to vsa short triggered also @3585 just now but not going to take it because of the strength on background. But if to consider risk/reward 1:1 then you are hoping to get too much of it. Maybe 7-8 pips max, if ...
From the pattern of aussie and swissy, I guess it will be more than just that..
  • #11,630
  • Feb 7, 2011 8:05pm Feb 7, 2011 8:05pm
that 1st chart looks like a bull flag .....

wrong on the longer bar on the daily .... 200 pip down bar on HIGH volume followed by ... well NOTHING .. that is not sellers.

That is let's get all the bears like A speculator into the sell trade byu forming a shake out. These are classic bull singatures and are all over the charts these days

weekly doji after nfp ... come on .... how convenient is that? even my 7 year old nephew would be selling that ... again trappish . Something is is so obvious should often be treated with caution

now lets look at volumes .. notes on charts . Today was a TEST in an uptrend... bullish

Look for move into 1.3720 MP next 24 hours ....and your stop to be hit

If this is all eu retraced 38 % , then expect MUCH higher prices

Attached Image (click to enlarge)
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Quoting A-speculator
I am preparing to go to bed when I see your post.

Let me explain. First of all, let's see from the largest TF which is monthly. Note the channel direction, is that an uptrend formation? I personally don't think so, we don't even have a higher high yet but fiber does form lower lows. Note that the price is currently at the monthly trendline and right below the cloud area which also means that it already reached it's monthly resistance, see how the clouds formation is, normally a straight line of the cloud area indicates an area of buyers/sellers...
Blogging daily now at www.volume.zone
  • #11,631
  • Feb 7, 2011 8:08pm Feb 7, 2011 8:08pm
mt4 spot there is .. futures there is not

Quoting juhanimi
Someone wrote about daily candles and that we cannot really trust these, because of timezones (24), but I cannot find that post, so much other sh... here now, but I think when you have EurO & US sessions in same candle, then there should not be a problem. And because VSA is not about 1 candle, maybe there is no problem at all in daily candles.
Blogging daily now at www.volume.zone
  • #11,632
  • Feb 7, 2011 8:09pm Feb 7, 2011 8:09pm
same here .. london to london

Quoting Sonofsin5
Good quality charting packages will let you customize your times for charts. In my case I like to use the London open as my start for the "day." The most money on the majority of trading days will change hand from London open to NY close. As long as this time period is together in my daily bar I am confident in its validity as a 1 day candle.
Blogging daily now at www.volume.zone
  • #11,633
  • Feb 7, 2011 8:48pm Feb 7, 2011 8:48pm
Quoting frankkn
(EU) There's been buying during the drops the past few days, now bullish 4h hull. Also on the 15m there is a wide spread down bar on (relatively--it's Tokyo's first 15m bar) ultra high volume which could be a sign of strength.
I didn't enter on this. I had my order ready but it closed up so I didn't enter.
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  • #11,634
  • Feb 7, 2011 9:11pm Feb 7, 2011 9:11pm
Quoting kave
The NS test on Y on 1hr chart!

Attachment
After the test on Y, EU heads up to test on WRB's close of NFP. I would expect a test on WRB's open or level X as mark in my my previous 4hr chart. Which is in confluence with my level X..

1hr
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4hr
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  • #11,635
  • Feb 7, 2011 9:22pm Feb 7, 2011 9:22pm
Quoting Plata
I like your analysis!
Where did you get these insights?
I would buy your chart
Just reading previous support resistance & confluence thereof of supply/demand testing those areas...

haha, u be my 1st customer then...

  • #11,636
  • Feb 7, 2011 10:22pm Feb 7, 2011 10:22pm
here is tradeguider with the key areas of support / resistance , all we got to do is see how price reacts to each level

Attached Image (click to enlarge)
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Quoting Plata
I like your analysis!
Where did you get these insights?
I would buy your chart
Blogging daily now at www.volume.zone
  • #11,637
  • Feb 7, 2011 11:10pm Feb 7, 2011 11:10pm
Quoting malcolmb14
here is tradeguider with the key areas of support / resistance , all we got to do is see how price reacts to each level

Attachment
Tks for the TG chart malc, just wondering what are those Grey zone on the 1st half of the screen suppose to show, they look like a staircase like pattern though. I have seen a a lot of it on TG on some chart posted but some of it don't make sense to me. The one on the bottom right is ok. It would be nice to see more of these charts in the future & how u trade of this levels.
  • #11,638
  • Feb 7, 2011 11:18pm Feb 7, 2011 11:18pm
they are s/r zones

Quoting kave
Tks for the TG chart malc, just wondering what are those Grey zone on the 1st half of the screen suppose to show, they look like a staircase like pattern though. I have seen a a lot of it on TG on some chart posted but some of it don't make sense to me. The one on the bottom right is ok. It would be nice to see more of these charts in the future & how u trade of this levels.
Blogging daily now at www.volume.zone
  • #11,639
  • Feb 7, 2011 11:19pm Feb 7, 2011 11:19pm
Next time I argue alot ... listen better .. if i back off you know you may be right

Quoting A-speculator
I am preparing to go to bed when I see your post.

Let me explain. First of all, let's see from the largest TF which is monthly. Note the channel direction, is that an uptrend formation? I personally don't think so, we don't even have a higher high yet but fiber does form lower lows. Note that the price is currently at the monthly trendline and right below the cloud area which also means that it already reached it's monthly resistance, see how the clouds formation is, normally a straight line of the cloud area indicates an area of buyers/sellers...
Blogging daily now at www.volume.zone
  • #11,640
  • Feb 7, 2011 11:37pm Feb 7, 2011 11:37pm
Quoting malcolmb14
Next time I argue alot ... listen better .. if i back off you know you may be right
Looks like we'll be having decent stops to hit on the way to 1.41-1.42.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
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