vsa with Malcolm | Page 592 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #11,821
  • Feb 9, 2011 11:12am Feb 9, 2011 11:12am
gave you 3680 duyk. i added on the ret. and trailed stop up.

just in case you somehow got a psychological barrier, then reduce position size. you cannot let position sizing prevent you from taking signals. trade really small, but trade.

Quoting duyk20
I guess it's time to enter the market soon
Stupid me, seeing NS but hesitate to enter (
  • #11,822
  • Feb 9, 2011 11:16am Feb 9, 2011 11:16am
What a great spread this last up-bar had! But shall I exit? For a shakeout, this is in the wrong place. For a push through resistance, I think it's too late in the day. Help
  • #11,823
  • Feb 9, 2011 11:17am Feb 9, 2011 11:17am
Thank you, but my account is small and my broker require to trade at least 0.1 lot... so, lot of times, I let a lot of sweet pips go... maybe I wait for another no supply
  • #11,824
  • Edited 11:46am Feb 9, 2011 11:21am | Edited 11:46am
Quoting Plata
What a great spread this last up-bar had! But shall I exit? For a shakeout, this is in the wrong place. For a push through resistance, I think it's too late in the day. Help
But it looks quite healthy, no?! Retrace on lowering volume to 38 - 50 % Fib, NS and POW!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 118 KB
  • #11,825
  • Feb 9, 2011 11:28am Feb 9, 2011 11:28am
Quoting duyk20
Thank you, but my account is small and my broker require to trade at least 0.1 lot... so, lot of times, I let a lot of sweet pips go... maybe I wait for another no supply

get SIG trader. 5 usd min deposit and it trades like 500. gives all the practice of trading wtih real cash.
  • #11,826
  • Feb 9, 2011 11:28am Feb 9, 2011 11:28am
place your stop b/e. don't bail, let the market take you out.

a few times b/e do not hurt, but missing a runner should not happen. even tough it looks like absorbtion here and downside vol is pretty limited.

how often did the market run in your direction as soon as you closed out..?...


Quoting Plata
But it looks quite healthy, no?! Retrace on lowering volume to 38 - 50 % Fib, NS and POW!!!!
Attachment
  • #11,827
  • Feb 9, 2011 11:29am Feb 9, 2011 11:29am
Quoting Plata
What a great spread this last up-bar had! But shall I exit? For a shakeout, this is in the wrong place. For a push through resistance, I think it's too late in the day. Help
It looks like eddy is just taking breath before jumping the river...

my 0,002 cents
  • #11,828
  • Feb 9, 2011 11:45am Feb 9, 2011 11:45am
Quoting Dr.Geppynius
place your stop b/e. don't bail, let the market take you out.

a few times b/e do not hurt, but missing a runner should not happen. even tough it looks like absorbtion here and downside vol is pretty limited.

how often did the market run in your direction as soon as you closed out..?...
Yes, in hindsight I recognize that I olways closed in fear near the greatest possible loss at that moment!

James Dalton says it that way in "Markets in Profile" :

"Markets will trade to levels that cause the most pain for the greatest number of investors"

I demotrade a lot with VHandstrade on MT4. This allows trading past courses fast forward. Trading 1h or smaller timeframes doesn't matter, but last time I traded 4h. Fact is, I know what happened on 4h, I remembered starting december 2009. Euro went down, $ went up. I ended up with hundreds of 5 lot positions (mor isn't possible on VHandstrade) all in profit. This is how I earnd my first million.

I'm greedy. I don't like to get stopped out. But in realyty I have to be careful! My losses are still greater than my profits! I have to give the dream up to be a millionaire in 2011 cause it doesn't obviously work that way!!!
  • #11,829
  • Feb 9, 2011 11:53am Feb 9, 2011 11:53am
C'mon Eddy give us another
Attached Image
  • #11,830
  • Feb 9, 2011 12:05pm Feb 9, 2011 12:05pm
What a sudden spike and I'm loving it
  • #11,831
  • Feb 9, 2011 12:11pm Feb 9, 2011 12:11pm
I told you....Euro is a young lady and she needs to take breath and reset her skirt before jumping
  • #11,832
  • Edited 12:44pm Feb 9, 2011 12:12pm | Edited 12:44pm
OK, my assumption "late in the session" had been proven wrong!

Nice advice Dr.

How will you treat your 1.3680 position?

Possibility is let it run until one sees shortening of thrust or signs that seem like end of rally is near? By then stop loss is pulled under last swing low or something... This is for "exiting with the big boys"!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 108 KB

But I think chances are great that the position is stopped out in the night!
  • #11,833
  • Feb 9, 2011 12:12pm Feb 9, 2011 12:12pm
How about now, should I let it run or close it. Volatility is drying soon
  • #11,834
  • Feb 9, 2011 12:29pm Feb 9, 2011 12:29pm
M5 UHV wide spread up bar, compressed upbar on UHV closing on lows, down bar to confirm, followed by ND and break. Would be as good a time as any to close short term longs....i closed mine a bit early at 3720 for other reasons.
Attached Image
Change is the only constant
  • #11,835
  • Feb 9, 2011 12:44pm Feb 9, 2011 12:44pm
Am also in a dilemma on partial long closing ... was hoping for at least 1.375; 1.3746 and R2 is a good hit though. But, post 2pm NY time we could see further USD weakening as lunch wraps up ... will decide shortly. (I know, I know, busy chart - it works for me!) Should hit 1.3738 one more time & will see how it behaves. Range is 130 pips up today, beyond what it normally does ... but what will Asia do?
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-09_134116.png Size: 38 KB
  • #11,836
  • Feb 9, 2011 12:56pm Feb 9, 2011 12:56pm
atr14 is about 140 pips, so nothing to worry about. i have taken a little off to bank some profit, but the final target is about 3850 this week, perhaps higher.

imho it should not retrace deeper than 3700
  • #11,837
  • Feb 9, 2011 1:02pm Feb 9, 2011 1:02pm
Quoting Dr.Geppynius
atr14 is about 140 pips, so nothing to worry about. i have taken a little off to bank some profit, but the final target is about 3850 this week, perhaps higher.

imho it should not retrace deeper than 3700
given the london close gave us a nice little shakeout closing at 3680, a retrace to about there in asia sounds about right.
Change is the only constant
  • #11,838
  • Feb 9, 2011 1:09pm Feb 9, 2011 1:09pm
Quoting kave
Shakeout on X now...level U as an intermediate auto rally point which now is broken, a test of this break out is good thing to expect next...
Attachment
Still too early to tell, potential test on U unfolding? Could be witness in 30mins too.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_13 Feb. 12 03.06.gif Size: 29 KB
  • #11,839
  • Feb 9, 2011 1:16pm Feb 9, 2011 1:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 94 KB
  • #11,840
  • Feb 9, 2011 1:19pm Feb 9, 2011 1:19pm
Quoting Intel
Worked out nicely mate good call. Did you get out before the turn?
Sure did +33 on the first position, the second was taken at BE. Took almost the same trade last night at just about the same time. Do you ever trade Tokyo?
5 traders viewing now