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vsa with Malcolm

  • #12,321
  • Feb 14, 2011 10:36am Feb 14, 2011 10:36am
Quoting sony
On 6E chart on 15 min tf i marked now that area as an important to me.

So now...an up move and no demand or uptrust in NY sesson would get me in short

But i would be more happy with an up move above that region and than an test of it or stopping volume on it...from above off course and that would get me in long


If i skip all of those setups will wait for a new one tomorrow..dont care and will not force any trade





Ok ...I marked it and we hit that area and i got in with small lot size...

but alredy out coos i am
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Work smart not hard
  • #12,322
  • Feb 14, 2011 10:51am Feb 14, 2011 10:51am
I'm looking to explore if VSA can add value to my harmonic trades...

so I would be happy to see a shakeout to 1.3400 as it will give me a nice AB=CD with confluence of possible parallel channel support, and high volume buying bar on Jan 20th
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Catching a falling knife, no, I'm just trading the Gartley!
  • #12,323
  • Edited 11:14am Feb 14, 2011 11:01am | Edited 11:14am
Okay, I held my tongue all weekend. I wish I hadn't but better late than never.

IF you follow Gavin, you would note that the trend is down-the bars are red, the diamonds are red and price is below the diamonds (see malc's TG chart in the EURO thread). In a down trend you only take shorts and you ignore green signals.

That does not mean the market wont change its trend, clearly trend changes happen, but you are taught to only look for shorts as the trend is down, or at least NOT enter until the trend change happens.

The Dr. and Malc are far more advanced than most and may be able to step in sooner. Most others don't have the same skill and are far better off to follow Gavin's teachings.

Again, the strength some see coming in is there, but it is not in the direction of the trend. That leaves two options:

1. Ignore it an only take shorts (that means up bars on low volume)
2. Wait for the strength to CHANGE the trend and then look for down bars on low volume.

With all that said, if you want to learn to trade unfair lows and unfair highs against the larger trend, join us in the AMT thread.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #12,324
  • Feb 14, 2011 12:11pm Feb 14, 2011 12:11pm
No i do not add to losing position , but still holding

Quoting Musashi
You still adding to your long position malcolm?
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  • #12,325
  • Feb 14, 2011 12:13pm Feb 14, 2011 12:13pm
EU 10 min looks like algo trading. Very straight vertical line.
  • #12,326
  • Feb 14, 2011 12:14pm Feb 14, 2011 12:14pm
I am pretty much looking forward to march ... gonna be an easy 1000 pip

Quoting Intel
I think he'll probably say he's taking advantage of all that buying which has just taken place. Price will head north, we have to be patient and wait for the rest of the setup to show itself.
Blogging daily now at www.volume.zone
  • #12,327
  • Feb 14, 2011 12:15pm Feb 14, 2011 12:15pm
watch and learn young jedi

wow really EU went down 50 pip today ...oh my god 1.1 here we come !!!

do not forget i am looking for the next 800 to 1000 pip move up , pros to turn the market and move it up that much will not do it in one day

IF you think a 1.5 weeks down move of what , 400 pip ? is bearish for a pair that moves 400 pip a week and 140 pip a day is bearish then cool .....also look at gu and eu ... they are both flags till the down move accelerates , right now eu cannot even get complete daily ranges to the down side , todays fell short by 40 pip , or 30%

Quoting stewrigh
Not trying to be a smart ass. I really wanted to add VSA to my toolbox and Malcolm puts himself forward as the FF guru on all things VSA.

VSA is obviously no more reliable than any other BS indi - maybe less so.

A lot of ppl listen to Malcolm and probly trade his recommendations. I think they should be aware that VSA is only an indi whatever Malc may say.
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  • #12,328
  • Feb 14, 2011 12:17pm Feb 14, 2011 12:17pm
Quoting malcolmb14
watch and learn young jedi

wow really EU went down 50 pip today ...oh my good 1.1 here we come !!!
Tinfoil hats and candles here we come.
  • #12,329
  • Feb 14, 2011 12:17pm Feb 14, 2011 12:17pm
Quoting malcolmb14
I am pretty much looking forward to march ... gonna be an easy 1000 pip
I disagree. It will be full of sweat, tears, much coffee and sleepless nights and eventually still empty pockets
  • #12,330
  • Feb 14, 2011 12:19pm Feb 14, 2011 12:19pm
nice .. but let's let a vsa newbie have benefit of the doubt ...

Quoting KinsaleForex
Everyone else is being polite. I refuse to be. Fuck off back to the Euro thread. Stop spewing your shite in here. If you don't have the common sense to learn VSA or even the mental capacity for that matter then get out of this thread.
Blogging daily now at www.volume.zone
  • #12,331
  • Feb 14, 2011 12:19pm Feb 14, 2011 12:19pm
Well slap me silly like a monkey at a Bloomberg terminal ... we've got ourselves some strength in that their EURUSD. I won't post a 2nd chart that everyone has, but been watching that 5M and it's adherence to that UTL since 1.342x' I'm sure many stops were taking on on that spikey 1H pin bar ~2hrs ago. I'm finding the 5M volume bars inconclusive against the PA that it's driving, hence speculation of USD weakness,

Encouraging for longs is the 50% retrace and the likeliness of being left with a reversal doji on the daily.

IMO we still need to reach 1.35/1.351 and a close up to the 23.6% point opens the door to pretty much anything. You gotta love these dojis and the trend trickery that it implies. Guess we're waiting for the next London session for some real direction. We've also got the option that we'll see the DPP somewhere around 1.355 into Asia, depending though where we close 5pm NY time.
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  • #12,332
  • Feb 14, 2011 12:24pm Feb 14, 2011 12:24pm
4 hour before 1000 pip move up ...everyone using macd etc calling 0.8 ...

look it moved down 250 pip .. wow how can that happen ...why cannot pros just load longs with 200 billion in one order ? lol.....

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  • #12,333
  • Feb 14, 2011 12:28pm Feb 14, 2011 12:28pm
the only bar in this 4 hour that has NOT been buyers in this BULL FLAG was feb 9th , asia has been moved down on NO volume. This is the exact pattern 1.3250 to 1.29xx... EXACT

maybe i am wrong .... 1.3550 is my trigger line

I will add there

see you all at 1.4250 by march 15th ...at whcih time i will be sunning my self on a beach in dubai

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  • #12,334
  • Feb 14, 2011 12:30pm Feb 14, 2011 12:30pm
Hi, according to Tom Williams, one of the signals of upcoming trend change is higher volume of options. Is it possible to find out intraday volume of currency options? Thank you :-) !!

Les_Paul
  • #12,335
  • Feb 14, 2011 12:30pm Feb 14, 2011 12:30pm
what how did that happen ... why did they drop price under 1.3500 and make me sell into a bear trap ? wow .. omg ..they are stop hunting ... and spreads went up to 20 pip ..lol..all brokers are crocks.

omg for sure we are going to 1 ... the news says we are so how can they do this ?

rofl....
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  • #12,336
  • Feb 14, 2011 12:32pm Feb 14, 2011 12:32pm
Quoting malcolmb14
nice .. but let's let a vsa newbie have benefit of the doubt ...
Perhaps it was a tad harsh..
  • #12,337
  • Feb 14, 2011 12:37pm Feb 14, 2011 12:37pm
little bit harsh ... but I liked it ..lol

we need a few non believers I mean who we gonna take money off ? we need some of those rsi and mcad users ..lol

Quoting KinsaleForex
Perhaps it was a tad harsh..
Blogging daily now at www.volume.zone
  • #12,338
  • Feb 14, 2011 12:47pm Feb 14, 2011 12:47pm
Trade well...
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  • #12,339
  • Feb 14, 2011 12:49pm Feb 14, 2011 12:49pm
Quoting malcolmb14
little bit harsh ... but I liked it ..lol

we need a few non believers I mean who we gonna take money off ? we need some of those rsi and mcad users ..lol
True, so when can i blindly follow you into a trade? 1.3550? I'll set my order

Jokes aside, your posts are greatly appreciated so don't mind some heathens coming in and invading the thread, keep the posts coming!
  • #12,340
  • Edited 7:38pm Feb 14, 2011 12:51pm | Edited 7:38pm
1350 is current resistance, but actually we could go to 13535 and still bounce down. that's my 1H TL breakout point for a larger move up.

We're within striking distance of the 76.4% retrace of the 08 crash on both the S&P and DJ, coinciding with DJ Jan. '08 / S&P Aug '07 prior support.

If prior support is the top, and then we take out the LTL, I'm looking for the 1970's 1000 area shelf as a downside target.

If we break prior support as resistance, we could go for a double top, in which case the majors have a better shot at breaking monthly TL resistance and rallying further. If the equities market peaks in the 76.4 area, we're potentially looking at the move being capped at 14000. (the current EU consolidation boundaries are 1400 to 1300 in a diminishing range, so we could easily hit that)

Anyway, food for thought.


Quoting Beljevina
Well slap me silly like a monkey at a Bloomberg terminal ... we've got ourselves some strength in that their EURUSD. I won't post a 2nd chart that everyone has, but been watching that 5M and it's adherence to that UTL since 1.342x' I'm sure many stops were taking on on that spikey 1H pin bar ~2hrs ago. I'm finding the 5M volume bars inconclusive against the PA that it's driving, hence speculation of USD weakness,

Encouraging for longs is the 50% retrace and the likeliness of being left with a reversal doji on the daily.

IMO we still need to...
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