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vsa with Malcolm

  • #12,981
  • Feb 17, 2011 2:33pm Feb 17, 2011 2:33pm
Magik is likely bored .. he can be a right king prick at times is never wrong and uses lagging indies .. yet never has a loss and will never admit he was wrong in an argument.

He has been beating my arse for 2 weeks now scuba trade and all that vsa does not work bullshit , yet if eu hits 13850 or higher he will never say .. ' hey mal that vsa shit sure is worth looking at' he will say something like ' lucky guess' lol

The buying dips on eu in this falling wedge , that even Magik placed on his chart and ignored ( bullish pattern) is pretty clear to me.

I have been happily buying all dips off 1.3500 for day trades .. and have alonger term posistion open at 1.3600 and 1.3480 , 1.3480 protected 10 lots , 1.3600 at risk still 10 lots, will add 10 more if we break above 1.3620 to 1.3640 area and i get a nice test , target 13750 for now ( weeks low plus 350 pip range)

On the longer term trade cloggie in eu theard was also bashing me. I told him then what I was doing and excecuted plan

10 x 270 pip
10 x 150 pip
10 x 100 pip ?

that will be my week on eu




Quoting Intel
With a personality like that, no-one else would crown him king of the thread.
It's becoming a regular occurance now, him coming here to tell us how brilliant he is and how useless we are. Perhaps they've had enough of him over on EU.
Blogging daily now at www.volume.zone
  • #12,982
  • Feb 17, 2011 2:33pm Feb 17, 2011 2:33pm
Quoting Magix
Your just mad because I called you a NEWB...

Get over it peaches...
There are MANY traders here that can legitimately call me a 'Newb'. They often use their experience to HELP me and others here. I wouldn't have it any other way. As I told you yesterday, your recognition of my trading ability is niether needed nor coveted by me.
  • #12,983
  • Feb 17, 2011 2:34pm Feb 17, 2011 2:34pm
before at this price level there was report of an Indian bank selling 1.3550 . that is why this level is now key for me

Quoting juhanimi
EU-H1 accumulation
Blogging daily now at www.volume.zone
  • #12,984
  • Feb 17, 2011 2:35pm Feb 17, 2011 2:35pm
You are a newb ... you only use volume and pa .. not 30 indies .. i told you 30 indies is only way to go .. and if one does not work change the indie or the settings .. you will surely find one to blame for why you lost 200 pip ...lol

Quoting Intel
There are MANY traders here that can legitimately call me a 'Newb'. They often use their experience to HELP me and others here. I wouldn't have it any other way. As I told you yesterday, your recognition of my trading ability is niether needed nor coveted by me.
Blogging daily now at www.volume.zone
  • #12,985
  • Feb 17, 2011 2:35pm Feb 17, 2011 2:35pm
Quoting malcolmb14
that bar at 4 was definately sellers hitting the market ... what time of day was that and what is this chart for .. if at end of market session can often be closing of positions for the day. ES often prints bars like this.

If you were long lower than bar at 4 you could have taken profit here , next session wait for breakout and test of the high of this bar , this happened in the 5 area

note all the high volume bars in this 1150 congestion area for me would you ... eyeballing them it looks like reaccumulation
It wasnt the end of the day, It is 14:45 local time, and of day session - 18:45.

So, if you were on my place at that time Would you be looking for longs set ups after this vol?
  • #12,986
  • Feb 17, 2011 2:36pm Feb 17, 2011 2:36pm
Quoting malcolmb14
before at this price level there was report of an Indian bank selling 1.3550 . that is why this level is now key for me
Yes, but I want to understand what happened there so I can use that in future, so any thoughts about who was selling in there?
  • #12,987
  • Feb 17, 2011 2:40pm Feb 17, 2011 2:40pm
Quoting malcolmb14
before at this price level there was report of an Indian bank selling 1.3550 . that is why this level is now key for me

I would like to know how much it will cost me to buy vsa knowledge transfer into my head with no stress?
MY OPINION NOT FINANCIAL ADVISE
  • #12,988
  • Feb 17, 2011 2:40pm Feb 17, 2011 2:40pm
just look to your left. this is the spot we were sold off, obvious spot to place pending sell orders.

Quoting juhanimi
Yes, but I want to understand what happened there so I can use that in future, so any thoughts about who was selling in there?
  • #12,989
  • Feb 17, 2011 2:41pm Feb 17, 2011 2:41pm
it costs about 300 pips

Quoting donfriday
I would like to know how much it will cost me to buy vsa knowledge transfer into my head with no stress?
  • #12,990
  • Feb 17, 2011 2:41pm Feb 17, 2011 2:41pm
Quoting V_2008
I have some more question with this bars in red box. How can you describe this situation? This is buying, but the market not ready to go up right now. Or this adds more selling to the move on this down candle with high volume.

As for the situation in oval it is clear that we have Buying on down bar and then confirmation on up bar with increasing volume. Some bars latter we have testing.
The red box contains your first clue that a reversal might be coming. It is likely SM taking some profits and/or loading up for longs. This is your signal to watch closely to see if any other signs of strength come in. Do nothing till you can see the whole picture.
  • #12,991
  • Feb 17, 2011 2:42pm Feb 17, 2011 2:42pm
on the breakout of the top of 4 and a LOW VOLUME TEST of the breakout price indicating that no sellers are there. I think you got that in the 5 area

example of how to play a break out ...break out at 1 , testing of the breakout level at 2 and then again also marked 2 .... you had 2 oppertunities to get in this long on gu , both several hour apart

day trading using vsa is simple.... for me it is time and the fact I am a.d.d and cannot sit in front of a computer for hours a time.

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 131 KB


Quoting V_2008
It wasnt the end of the day, It is 14:45 local time, and of day session - 18:45.

So, if you were on my place at that time Would you be looking for longs set ups after this vol?
Blogging daily now at www.volume.zone
  • #12,992
  • Feb 17, 2011 2:43pm Feb 17, 2011 2:43pm
Quoting Dr.Geppynius
it costs about 300 pips

300pips with 0.01 lot =30$ i am ready where do i wire the money to?
MY OPINION NOT FINANCIAL ADVISE
  • #12,993
  • Feb 17, 2011 2:43pm Feb 17, 2011 2:43pm
Quoting malcolmb14
Magik is likely bored .. he can be a right king prick at times is never wrong and uses lagging indies .. yet never has a loss and will never admit he was wrong in an argument.


You say this like it is a bad thing....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #12,994
  • Feb 17, 2011 2:45pm Feb 17, 2011 2:45pm
lol 30$, make this *5-10 to cover my daily futures commission

Quoting donfriday
300pips with 0.01 lot =30$ i am ready where do i wire the money to?
  • #12,995
  • Feb 17, 2011 2:48pm Feb 17, 2011 2:48pm
break out then LOW VOLUME TEST are the ONLY way i will play a break out , that is why I have been tlaking baout adding if Euro breakout of 1.3620 to 1.3640 area and then gives a test

here is fialed test

massive weakness on 1st vertical

price moves up above this bar .. high volume up thru r , which can indicate buyers as often pros do this kind of move to lock in / out traders ... always wait for the low volume test. There was none on this break out pattern and sure enough we came back under the 9700 level.

I did play this failed break out due mostly to back ground on a 2 hour , been talking to sonofin about this pair for about 8 days now

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 119 KB
Blogging daily now at www.volume.zone
  • #12,996
  • Feb 17, 2011 2:49pm Feb 17, 2011 2:49pm
Quoting malcolmb14
Magik is likely bored .. he can be a right king prick at times is never wrong and uses lagging indies .. yet never has a loss and will never admit he was wrong in an argument.

He has been beating my arse for 2 weeks now scuba trade and all that vsa does not work bullshit , yet if eu hits 13850 or higher he will never say .. ' hey mal that vsa shit sure is worth looking at' he will say something like ' lucky guess' lol

The buying dips on eu in this falling wedge , that even Magik placed on his chart and ignored ( bullish pattern) is pretty clear...

To think, the first time our paths crossed I tried to help him out. The second time they crossed he did nothing but run me down. Just shows what sort of character he is.

Still, VSAers have to get used to the jealousy of the squiggily line merchants. I'm just glad they don't all have a chip on their shoulder. Most of them I've spoke to or read about seem quite nice.
  • #12,997
  • Feb 17, 2011 2:49pm Feb 17, 2011 2:49pm
lol... i say it with fondness .... I know you are a pussy cat really

Quoting Magix


You say this like it is a bad thing....
Blogging daily now at www.volume.zone
  • #12,998
  • Feb 17, 2011 2:50pm Feb 17, 2011 2:50pm
Quoting Dr.Geppynius
just look to your left. this is the spot we were sold off, obvious spot to place pending sell orders.
Yes.
Comments?
1. SM has allready started buying in that long down bar.
2. Price comes up to previous level first time and we are in downtrend, so HERD sells and SM buys, price drops little.
3. HERD sees that maybe trend is over and starts buying when price goes up back to level and over it and everyone in herd buys and SM sells and price drops again and HERD starts to sell because they dont wanna miss good downtrend and SM buys everything.
  • #12,999
  • Feb 17, 2011 2:51pm Feb 17, 2011 2:51pm
Quoting malcolmb14
He has been beating my arse for 2 weeks now scuba trade and all that vsa does not work bullshit , yet if eu hits 13850 or higher he will never say .. ' hey mal that vsa shit sure is worth looking at' he will say something like ' lucky guess' lol
Now Mal, I think we both know that I really don't care where price heads, and when I was selling over the last 2 weeks, I capitalized greatly...

Swings on the Sells, and quickfires on the longs...they all pay, you think the bank cares when I cash my pips in if they are Bear Pips or Bull Pips?

I wanted to caution you about the UTL and extending a position @ 3610...that's it.

If we bust threw the channel, I will re-asses my outlook and continue on the buying...again, it is not like I have to chisel an order into a rock, it takes a click of a mouse to get in and get out.

I commend you on sticking to your plan, and we both know, I wouldn't want to see any harm come to you or your account...I would not celebrate your loss, as much of a prick as I am, I am not into the, I need you to lose so I can win, kinda guy...

If price hits your target, I know I would have to stand in line behind you patting your own back for the same opportunity to say, "Good call Mal"...but hey, that's just the kinda guy you are...

In all honesty, I do enjoy the indi put down sessions...I find it amusing how some will throw all their eggs in one basket, especially in a market of, No sure Things!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,000
  • Feb 17, 2011 2:53pm Feb 17, 2011 2:53pm
Quoting Intel
To think, the first time our paths crossed I tried to help him out. The second time they crossed he did nothing but run me down. Just shows what sort of character he is.

Still, VSAers have to get used to the jealousy of the squiggily line merchants. I'm just glad they don't all have a chip on their shoulder. Most of them I've spoke to or read about seem quite nice.
What are you, like 4 years old...

Quit being a child already...

Do you really think the forum or market is all about indicators vs VSA?

Get a grip ace...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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