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vsa with Malcolm

  • #11,761
  • Feb 8, 2011 3:34pm Feb 8, 2011 3:34pm
odd I have been doing vsa for 3 years and did not see that coming lol

noted on your chart every candle has a name .. in reality this is NOT the case ...



Quoting rbumbalough
EU Short Scalp on 15M Chart: I got 44 pips from this easy counter trend short scalp from 1.3683 down to 1.3649. No.4 might better be designated as a squat down as EU buckled from pressure due to pushing up through resistance. The bar following 5 made a two bar reversal; it's low tick activity (TA) suggesting a dearth of buyers.
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Blogging daily now at www.volume.zone
  • #11,762
  • Feb 8, 2011 3:35pm Feb 8, 2011 3:35pm
Quoting tgwhbb
once 3656 level failed it was more likely for price to continue down to about 3620. This is of course easy to say now that it has reached 3620 - but that is around the low of today's value area whereas 3656 is the high, so if the high fails chances are price will continue till the low. we now have a selling climax and shakeout type bar on M5 at the value low, which means its being supported. Given the time of day though i don't expect much of a move up from here - probably back to around 3640 - todays developing POC.

chart to follow soon.
What does POC stand for? and also how do you get your high value area?

Many thanks.
  • #11,763
  • Feb 8, 2011 3:39pm Feb 8, 2011 3:39pm
Quoting NaughtyPip
What does POC stand for? and also how do you get your high value area?

Many thanks.
POC = point of control. Is is the place where most of the activity took place for a given time period. activity = volume.

not to dilute this thread, for info on POC, high/low value area, and related info take a look at this thread: http://www.forexfactory.com/showthread.php?t=277528
Change is the only constant
  • #11,764
  • Feb 8, 2011 3:54pm Feb 8, 2011 3:54pm
We have pulled back into an area of interest for the EU that we have seen many times over the last days and price has reacted in various ways... I am also still looking for another move into the 3660 level (if this zone holds price up) tommorow and reaction in this area for a posible long signal. We got what appeared to be a nice test bar on the 1 hr that tested the close of the nigh volume bar before but the test failed with the next bar down...

Even if If we break the zone I will still look for possible long signals at 3590... below 3500 and I will have to take another look and rethink my outlook.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #11,765
  • Feb 8, 2011 4:56pm Feb 8, 2011 4:56pm
Fx Cross,

Here is (was my reasoning) for my entry on 07/02 @ 15:52 and again @18:47

1st if we look at the 1 HR Chart, i know very messy but i work from several charts in 4 time frames naked and cluttered.We can see the tail of the MP from 04/02 after the shake out from NFP that formed below daily S1 @ 1.3500 nice round number! Switching to the 15 min chart (i was also watching 5 min for entry) we can see the ATR (Y)Supprort was @1.3509.
My entry was below the daily SI with a 15 pip S/L. For a safe VSA entry the optimal entry would have been the failure to close of bar marked 2.
The volume of bar 2 was the highest for 17 bars from volume bar marked1
and failure to close below MS1 red box note low volume and price failing to drop.My second entry was the break of low volume bar and right on ATR SUP (T) next bar up is on low volume breaks ATR and is above the Blue historical line from 24th Jan as is the close of bar 2.I missed several other entry points from the 8th onward,but i can not always be at the screen.As for today in hindsight my entry points above MR2 are woefull,but i did close 3 positions for profit and the remaining 5 positions i have open are covered by the profit from today plus Monday which are locked in.Market timing is something i am still working on.I will post the results come what may profit or B/E. As i said this is a Micro account but i look to swing trade and scalp to cover so hopefully my R/R is substantial for low risk but aggressive.I will let it run until i see the market turn.
Attached Image(s) (click to enlarge)
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hifx
  • #11,766
  • Feb 8, 2011 6:06pm Feb 8, 2011 6:06pm
Quoting HIFX

Here is (was my reasoning) for my entry on 07/02 @ 15:52 and again @18:47

look to swing trade and scalp to cover so hopefully my R/R is substantial for low risk but aggressive.I will let it run until i see the market turn.
Thank you for great explanation.

Much appreciated.
  • #11,767
  • Feb 8, 2011 6:17pm Feb 8, 2011 6:17pm
Just like yesterday Tokyo opens with WSD on UHV. Today it is into yesterday's value area low (Mal how do you feel about AMT references?)

So a possible sign of strength during 4h uptrend.
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  • #11,768
  • Feb 8, 2011 7:18pm Feb 8, 2011 7:18pm
Quoting frankkn
Just like yesterday Tokyo opens with WSD on UHV. Today it is into yesterday's value area low (Mal how do you feel about AMT references?)

So a possible sign of strength during 4h uptrend.
EU 4h by a 5m, purple line shows entry on the break of a NS. There was a little shake out after, but I decided to enter on the break of the NS marked by the purple line.

I'm in a 3.5 hour long Estate Planning class and am bored to tears
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  • #11,769
  • Edited 8:05pm Feb 8, 2011 7:27pm | Edited 8:05pm
Quoting frankkn
EU 4h by a 5m, purple line shows entry on the break of a NS. There was a little shake out after, but I decided to enter on the break of the NS marked by the purple line.

I'm in a 3.5 hour long Estate Planning class and am bored to tears
Got in a little lower off a test bar see where this goes... only looking for a quick scalp and will close before bed.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #11,770
  • Feb 8, 2011 8:59pm Feb 8, 2011 8:59pm
Hey Malc what's the more impressive accomplishment for you - 18000 posts or what appears to be a near perfect bottom pick on the euro that could yield 300 + pips?
If price is king, then volume is the power behind the throne.
  • #11,771
  • Feb 8, 2011 9:24pm Feb 8, 2011 9:24pm
Quoting frankkn
EU 4h by a 5m, purple line shows entry on the break of a NS. There was a little shake out after, but I decided to enter on the break of the NS marked by the purple line.

I'm in a 3.5 hour long Estate Planning class and am bored to tears
+20
  • #11,772
  • Feb 8, 2011 9:33pm Feb 8, 2011 9:33pm
Quoting kave
The test on X...
Attachment
Another test on X after retracement..
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  • #11,773
  • Feb 8, 2011 9:44pm Feb 8, 2011 9:44pm
Quoting frankkn
+20
bored because u are too young to plan your estate?
it will come in handy sooner or later
  • #11,774
  • Feb 8, 2011 9:59pm Feb 8, 2011 9:59pm
Quoting kave
Just to add to the above a view in 1hr, Potential test after spring (shakeout) on X.

Attachment
update..
4hr view in bar chart of Gbp futures, indicating a potential test..

Attached Image (click to enlarge)
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  • #11,775
  • Feb 8, 2011 10:52pm Feb 8, 2011 10:52pm
Thanks to all for the comments on my live trades very helpfull to see things from an others perpective.I have closed all my trades from todays late session 3 winners 2 losers.I also closed my trades from Monday as well.I am going to regret that.
I got spooked looking at the possible inverted H/S on the DIX and watching PA in Asia plus the news out of Europe today,I still have trouble with my emotions from time to time(all the time)and the fact that i have been burnt by greed /hopeless optimisim in the past gives me healthy respect for the fact that i do not have a crystal ball.All though i am still looking at 3720/40 as a target today.Looking at the daily i see an awfully potential H/S at this level or as i said this may well be out of play due to the drop down to 3500.New day new start.
hifx
  • #11,776
  • Feb 8, 2011 11:32pm Feb 8, 2011 11:32pm
do not over think all the patterns you are seeing

fact is right now eu has support 1.3600 , resistance 1,3680

top of the nfp bar was 1.3680 .... we failed that at the moment , bounced pff 1.3610 area.

i posted this chart yesterday .. showed the key s/r area. These areas are still true

Attached Image (click to enlarge)
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Quoting HIFX
Thanks to all for the comments on my live trades very helpfull to see things from an others perpective.I have closed all my trades from todays late session 3 winners 2 losers.I also closed my trades from Monday as well.I am going to regret that.
I got spooked looking at the possible inverted H/S on the DIX and watching...
Blogging daily now at www.volume.zone
  • #11,777
  • Feb 9, 2011 12:12am Feb 9, 2011 12:12am
It's late Malc, you planning to be here during London open?
  • #11,778
  • Feb 9, 2011 12:26am Feb 9, 2011 12:26am
Quoting Intel
Nice trades frank. I don't have my charts with me at the moment so I can't make a good analysis but, it looks like there maybe some supply about still. I would protect yourself in these trades.
Worked out nicely mate good call. Did you get out before the turn?
  • #11,779
  • Feb 9, 2011 1:55am Feb 9, 2011 1:55am
Just a Friendly Heads Up..

Nothing to do with VSA..But would like the fellow traders to see the possibilities. So one is not on the wrongside.

I know PROFESSIONAL traders here have seen the Huge Volume here, which should be for Buying.

But the chart here is telling me something else.

Please dont critisize.I know this is not VSA related.

1.3587 is the GATE . AND 1.3685 resistence
Attached Image (click to enlarge)
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Markets are not Random, they are designed!
  • #11,780
  • Feb 9, 2011 2:05am Feb 9, 2011 2:05am
Quoting Raza
Just a Friendly Heads Up..

Nothing to do with VSA..But would like the fellow traders to see the possibilities. So one is not on the wrongside.
It's always good thing to hear from different perspective Raza, plz keep it up since I like your analysis
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