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vsa with Malcolm

  • #12,721
  • Feb 16, 2011 12:20pm Feb 16, 2011 12:20pm
Quoting amletit
I have answered myself. I we are above 3575 and 6080 before news i'll stay in, otherwise i'm out.
Good.
The Market pays you to be disciplined
  • #12,722
  • Feb 16, 2011 12:21pm Feb 16, 2011 12:21pm
Quoting Dr.Geppynius
depending on the timeframe and target u have but very powerful trailing systemn. if u are long allow for one downbar, if u have two downbars in a row close out.

vice versa for shorts.

i like it on the 2hr+ tfs and daily.
That's interesting!!! I'll try. Thankssss
  • #12,723
  • Feb 16, 2011 12:21pm Feb 16, 2011 12:21pm
fomc trading is HARD SHYT..LOL
Blogging daily now at www.volume.zone
  • #12,724
  • Feb 16, 2011 12:23pm Feb 16, 2011 12:23pm
Guys please if anybody can explain me this

Lets say first up bar ... i marked its close and it low

Valid entry to short would be down move below the low of the bar and than an up move on low volume, no demand , or uptrust...?

Valid entry to long would be an up move above the close and than test or stopping volume on the close?


I today lost 35 pip on that trade coos i took long from the low of the bar as you can see there is also green arrow showing that strenght has appear...

Do we trade in the body of the such a UWIDE and UHIGH volume bar ..or we wait for an brake and for retests?!

What would be the best way to trade this 2 bars i marked please if anybody find time to explain it to me i would appreaciate it


All the best
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Work smart not hard
  • #12,725
  • Feb 16, 2011 12:23pm Feb 16, 2011 12:23pm
i can sell HARD SHYT and germish speaking monkeys to you.

Quoting malcolmb14
fomc trading is HARD SHYT..LOL
  • #12,726
  • Feb 16, 2011 12:25pm Feb 16, 2011 12:25pm
my entry was 2 pip above that wide spread bar ....13502

Quoting sony
Guys please if anybody can explain me this

Lets say first up bar ... i marked its close and it low

Valid entry to short would be down move below the low of the bar and than an up move on low volume, no demand , or uptrust...?

Valid entry to long would be an up move above the close and than test or stopping volume on the close?


I today lost 35 pip on that trade coos i took long from the low of the bar as you can see there is also green arrow showing that strenght has appear...

Do we trade in the body of the such a UWIDE and UHIGH volume...
Blogging daily now at www.volume.zone
  • #12,727
  • Feb 16, 2011 12:26pm Feb 16, 2011 12:26pm
Quoting Dr.Geppynius
depending on the timeframe and target u have but very powerful trailing systemn. if u are long allow for one downbar, if u have two downbars in a row close out..vice versa for shorts..i like it on the 2hr+ tfs and daily.
This is Tom's method. I like three on the 5 min better than two.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #12,728
  • Feb 16, 2011 12:28pm Feb 16, 2011 12:28pm
Quoting Dr.Geppynius
i can sell HARD SHYT and germish speaking monkeys to you.
LOOOL so my old (bastard) german teacher was right when he said that even moñkeys can speak german????
  • #12,729
  • Feb 16, 2011 12:30pm Feb 16, 2011 12:30pm
Quoting HiddenGap
This is Tom's method. I like three on the 5 min better than two.
So if i'm long i should close at the closing of third down bar, right?
  • #12,730
  • Feb 16, 2011 12:30pm Feb 16, 2011 12:30pm
A letter to Euro

Euro my dear friend .. you know you have pissed me off all week but i will forgive you if you trigger all those stops from 1.3600 to 1.3650.

Yours lovingly

Malc
Blogging daily now at www.volume.zone
  • #12,731
  • Feb 16, 2011 12:31pm Feb 16, 2011 12:31pm
or grab a chandelier stop for mt4 and place on charts .. trial stop using that

On great trends it keeps you in trade for ever.. did me for 900 pip in jan

Quoting amletit
So if i'm long i should close at the closing of third down bar, right?
Blogging daily now at www.volume.zone
  • #12,732
  • Feb 16, 2011 12:31pm Feb 16, 2011 12:31pm
Quoting sony
Guys please if anybody can explain me this

Lets say first up bar ... i marked its close and it low

Valid entry to short would be down move below the low of the bar and than an up move on low volume, no demand , or uptrust...?

Valid entry to long would be an up move above the close and than test or stopping volume on the close?


I today lost 35 pip on that trade coos i took long from the low of the bar as you can see there is also green arrow showing that strenght has appear...

Do we trade in the body of the such a UWIDE and UHIGH volume...

I wouldn't have traded this because I find no reliable entry. However there is an entry for those who use trigger numbers. There is a ND as price moves back up to the low of the wide spread bar. That could be a short entry.

As a rule of thumb tho, you should be looking to short after seeing this bar but, only if a valid entry appears.
  • #12,733
  • Feb 16, 2011 12:32pm Feb 16, 2011 12:32pm
Quoting malcolmb14
my entry was 2 pip above that wide spread bar ....13502

Aha so you waited for an brake of the high of that UWIDE UHIGH volume down bar

I could see that some of the guys here got in on the test of the close of that bar ...1.3476..

And now for valid short entry if those are somhow sellers (here we can see that there are not)...Entry would be an down move and than an up move into its close...1.3476 ..an demand or uptrust would be grate in that are?!
Work smart not hard
  • #12,734
  • Feb 16, 2011 12:33pm Feb 16, 2011 12:33pm
test is also good ... but I was not around to wait for test. I was in the gym



Quoting sony
Aha so you waited for an brake of the high of that UWIDE UHIGH volume down bar

I could see that some of the guys here got in on the test of the close of that bar ...1.3476..

And now for valid short entry if those are somhow sellers (here we can see that there are not)...Entry would be an down move and than an up move into its close...1.3476 ..an demand or uptrust would be grate in that are?!
Blogging daily now at www.volume.zone
  • #12,735
  • Feb 16, 2011 12:36pm Feb 16, 2011 12:36pm
Bad day, gonna do it over again tomorrow. Nigh everyone
Hope everyone is doing well.
  • #12,736
  • Feb 16, 2011 12:37pm Feb 16, 2011 12:37pm
Quoting amletit
So if i'm long i should close at the closing of third down bar, right?
Exits are probably the most difficult part of trading and are fiercely contested among traders.

For me, if I had a nice little profit in the run up to a big news event like tonight, I would take the lot and feel very happy with it. Then look to the news for another entry IF one appears. If it doesn't, you can feel happy with the days trading knowing that today, you beat the market
  • #12,737
  • Feb 16, 2011 12:38pm Feb 16, 2011 12:38pm
Quoting malcolmb14
A letter to Euro

Euro my dear friend .. you know you have pissed me off all week but i will forgive you if you trigger all those stops from 1.3600 to 1.3650.

Yours lovingly

Malc


Never hurts to pray either
  • #12,738
  • Feb 16, 2011 12:40pm Feb 16, 2011 12:40pm
can you imagine how fast all those stops are going to trigger if we hit 1.3650 area....everyone and their granny is bear eu due to 3 weekly dojis....

Quoting Intel


Never hurts to pray either
Blogging daily now at www.volume.zone
  • #12,739
  • Feb 16, 2011 12:41pm Feb 16, 2011 12:41pm
3650 conservative for todays range. 3700 even on the table if we decide to go up.

stop triggering above 3620 will make eur rip up.

time to grab the german leopard tanks!!

Quoting malcolmb14
A letter to Euro

Euro my dear friend .. you know you have pissed me off all week but i will forgive you if you trigger all those stops from 1.3600 to 1.3650.

Yours lovingly

Malc
  • #12,740
  • Feb 16, 2011 12:41pm Feb 16, 2011 12:41pm
Quoting Intel
I wouldn't have traded this because I find no reliable entry. However there is an entry for those who use trigger numbers. There is a ND as price moves back up to the low of the wide spread bar. That could be a short entry.

As a rule of thumb tho, you should be looking to short after seeing this bar but, only if a valid entry appears.

Aha Intel..

This is that bar ..I left a cursor there

So alwayes out of the range and that would be most secure...Also
That down bar ..we should wait for an close above and test and than it might be grate trade

Watched some videos last night from Gavin

He traded once like that another time a bit diferent so it got confused me a lot

Ok thanks to all

Also you Mal
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