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vsa with Malcolm

  • #13,001
  • Feb 17, 2011 2:54pm Feb 17, 2011 2:54pm
also professionals are wrong from time to time. keep central banks in mind, they can do what they want. so this is just one group wanting to go up, the other protecting.

the herd selling can never move the price.
i do not know how this will help you in trading, i even think the need to know why this happened will make you go insane

Quoting juhanimi
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.
  • #13,002
  • Feb 17, 2011 2:58pm Feb 17, 2011 2:58pm
The only way I can explain this to you is that in every market there will be buyers and sellers

USB maybe buyers and bank of india sellers.

IF usb want to drive euro up as they think usd is weak then they have to 1st of all dry up supply... this is what made pa so messy in the 1st 3 days of the week. There was clear buying on the dips and sellers sitting at 1.3550 ,

so what usb do is buy a bit .. 500 bill and bank of india sell 100 bill , typically down moves have been asia and up moves US / london ..100 bill is enough to push price down , could also be USB selling against its larger position to drive prices down and lure in the macd traders...

next london session when price is 1.3520 usb buy another 400 bill , yet they know bank of india still got some suppl left , so they stop at testing of 1.3560 again.....

next london session they continue with bank of indias work and do a nice shake out. I was even tlaking to dr g via whatsapp on iphone at the gym with a dukascopy chart saying low of day and mega buying ,

Now bank of india say oh nice eu going to 1, so i have chance to sell at 1.36 ..... we may see dip or even as usb know so many bears are in market they may psuh down with 100 bill aginast their 500 bill order.

tomorrow when eu is 1.3570 / 1.3580 they buy a nother 500 bill..

this is called bag holding .... eu has been accumulated off the 3600 to 3500 area for 2 weeks now.

3 weekly dojis bearish yup maybe but go look at the down move to 1.2xx there was 4 of them indicating turn up yet price dropped 1600 pip still

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?
Blogging daily now at www.volume.zone
  • #13,003
  • Feb 17, 2011 2:59pm Feb 17, 2011 2:59pm
Jeez,
I see this thread has really livened up lately lol.
  • #13,004
  • Feb 17, 2011 3:02pm Feb 17, 2011 3:02pm
no sure things other than vsa ....reaosn for dd of 140 pip on 3600 sell was due to higher time frame trading typically stops 30 tp 100

Quoting Magix
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...
Blogging daily now at www.volume.zone
  • #13,005
  • Edited 3:18pm Feb 17, 2011 3:06pm | Edited 3:18pm
DR.G.
There was ND in that first top, so I start to think then that SM is not here at all. They only buy in lower side of that channel.

This is how I think that goes.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 22 KB
  • #13,006
  • Feb 17, 2011 3:16pm Feb 17, 2011 3:16pm
EU-H1
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 23 KB
  • #13,007
  • Feb 17, 2011 3:17pm Feb 17, 2011 3:17pm
Quoting juhanimi
DR.G.
There was ND in that first top, so I start to think then that SM is here at all. They only buy in lower side of that channel.

This is how I think that goes.
I know a lot of you guys are resistant to indicators...and heaven forbid anybody suggest Moving Averages...

But check out your spikes on a chart...

Add a 200EMA, and toggle from the 15m, first herd, to the 30m, second herd, to the hourly charts.

You will see how price was resistant to making it across these lines.

It ain't gunna tell you who was selling or why, but ya might just get a sense that these were crucial resistance lines on the chart..

After that, delete the 200EMA, and forget we ever had this conversation....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,008
  • Feb 17, 2011 3:19pm Feb 17, 2011 3:19pm
Malcolmb,

In attached picture I highlighted the weekly doji, the one with the Red circle pull the market down, and currently we are in green circle. We are saying EU still in Bull trend, by seeing weekly chart ( green doji) and volume how you are interpreting that market can have some more up move? Please share your analysis.
Thanks
Quoting malcolmb14
The only way I can explain this to you is that in every market there will be buyers and sellers

USB maybe buyers and bank of india sellers.

IF usb want to drive euro up as they think usd is weak then they have to 1st of all dry up supply... this is what made pa so messy in the 1st 3 days of the week. There was clear buying on the dips and sellers sitting at 1.3550 ,

so what usb do is buy a bit .. 500 bill and bank of india sell 100 bill , typically down moves have been asia and up moves US / london ..100 bill is enough to push price down...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #13,009
  • Feb 17, 2011 3:29pm Feb 17, 2011 3:29pm
Quoting Magix
I know a lot of you guys are resistant to indicators...and heaven forbid anybody suggest Moving Averages...

But check out your spikes on a chart...

Add a 200EMA, and toggle from the 15m, first herd, to the 30m, second herd, to the hourly charts.

You will see how price was resistant to making it across these lines.

It ain't gunna tell you who was selling or why, but ya might just get a sense that these were crucial resistance lines on the chart..

After that, delete the 200EMA, and forget we ever had this conversation....
I have 10 000 hours screen time with indicators, and yes you can make money with indicators, but you dont really know what is going on.
If you can see what MONEY is doing, then you know what is happening and what is gonna happen in the future.
Money moves price and money moves indicators.
  • #13,010
  • Feb 17, 2011 3:40pm Feb 17, 2011 3:40pm
Quoting juhanimi
I have 10 000 hours screen time with indicators, and yes you can make money with indicators, but you dont really know what is going on.
So...uhhh...

Did ya get the point about the 200EMA on the different time frames?

And that is a pretty broad statement about using indicators...it just says that you wasted 10 000 hours and learned nothing.

But...aight dude...if it is your goal to be lost in a world of VSA asking about herds not knowing what is going on...You hit a home run!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,011
  • Feb 17, 2011 3:48pm Feb 17, 2011 3:48pm
surprise buttlove

this thing was killed.

http://www.marketwatch.com/story/wei...nce-2011-02-17


http://img266.imageshack.us/img266/4...0217224555.png
  • #13,012
  • Feb 17, 2011 3:52pm Feb 17, 2011 3:52pm
Quoting Magix
So...uhhh...

Did ya get the point about the 200EMA on the different time frames?

And that is a pretty broad statement about using indicators...it just says that you wasted 10 000 hours and learned nothing.

But...aight dude...if it is your goal to be lost in a world of VSA asking about herds not knowing what is going on...You hit a home run!

Why are you in this thread if you're not trading VSA? I'm sure you're a fantastic trader btw, I just feel like your posts are distracting people trying to learn VSA.

Back on topic - has anyone seen the chart reading masterclass on tradeguider.com? Is it worth it?
  • #13,013
  • Feb 17, 2011 3:54pm Feb 17, 2011 3:54pm
the averages are exactly what they are called - averages. 5, 200, 1,000,000. not support, not resistance. they are supposed to show the bias in the market, not critical areas. in that respect, i am not resistant to averages.

speaking of which... i wonder where's 50,000sma on e-u daily, i bet that'd be a tough nut to crack.

if you really wanna make a good impression, why don't you compile a statistic table showing why 200sma is a relevant indicator (any statistical test would be good) and on what timeframes - 10sec, 1min... daily... yearly.

Quoting Magix
I know a lot of you guys are resistant to indicators...and heaven forbid anybody suggest Moving Averages...

But check out your spikes on a chart...

Add a 200EMA, and toggle from the 15m, first herd, to the 30m, second herd, to the hourly charts.

You will see how price was resistant to making it across these lines.

It ain't gunna tell you who was selling or why, but ya might just get a sense that these were crucial resistance lines on the chart..

After that, delete the 200EMA, and forget we ever had this conversation....
Nihil Sine Deo.
  • #13,014
  • Feb 17, 2011 3:57pm Feb 17, 2011 3:57pm
Quoting lolpie
Why are you in this thread if you're not trading VSA? I'm sure you're a fantastic trader btw, I just feel like your posts are distracting people trying to learn VSA.

Back on topic - has anyone seen the chart reading masterclass on tradeguider.com? Is it worth it?
The guy asked a question, I offered an answer, something that he could choose to research or ignore at his own discretion...

Alls I was trying to do was offer an explanation for critical areas he had on his chart.

Forgive me for trying to assist...

Next time I will just post monkey pictures...that seems to gain a lot more support...
Attached Image (click to enlarge)
Click to Enlarge Name: it.jpg Size: 14 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,015
  • Feb 17, 2011 3:57pm Feb 17, 2011 3:57pm
Quoting Magix
So...uhhh...

Did ya get the point about the 200EMA on the different time frames?

And that is a pretty broad statement about using indicators...it just says that you wasted 10 000 hours and learned nothing.

But...aight dude...if it is your goal to be lost in a world of VSA asking about herds not knowing what is going on...You hit a home run!

I learned a lot. There are thousands of indicators.
I started with RSI, PSAR and SMA 20 and GU-M5.
Later 2 years with ZigZag`s, they are great.
But anyways, take care.
  • #13,016
  • Feb 17, 2011 3:58pm Feb 17, 2011 3:58pm
Quoting skyscraper
Malcolmb,

In attached picture I highlighted the weekly doji, the one with the Red circle pull the market down, and currently we are in green circle. We are saying EU still in Bull trend, by seeing weekly chart ( green doji) and volume how you are interpreting that market can have some more up move? Please share your analysis.
Thanks
Just lending a hand ... we'd covered this last week and onwards - just flip through Malcolm's posts, or zoom in on the attachment/image ones.

I think I probably initiated the 3 weeks worth of pin bars discussion ... there are pinbar cluster failures on that chart and it's also littered with single week failures.

True we're up against various resistance, but if we get a USD tank strategy - which appears to have started some days ago, there is a good chance EUR will take off after some decent buying.

Or, we could get a fourth week of indecision and possible pin bar ... but, you gotta admit, if nothing else, those pin bars represent persistent trying to get it up, and this is week #4 ...

Interestingly, seeing Jamie on forexlive just write:
Quote
EUR/USD was bought on every dip today, now matter how shallow. Didn’t matter what the news was, there was a buyer. The presumption is that central banks are the buyers though the last confirmed central bank buying we heard was prior to the US open.


Dr.Geppy:
http://www.forexfactory.com/showpost...ostcount=12142

Malcolm's:
http://www.forexfactory.com/showpost...ostcount=12185
http://www.forexfactory.com/showthre...18#post4405118
http://www.forexfactory.com/showthre...53#post4405153
http://www.forexfactory.com/showthre...04#post4405504
http://www.forexfactory.com/showthre...48#post4405548
http://www.forexfactory.com/showthre...47#post4406947
http://www.forexfactory.com/showpost...stcount=385397
  • #13,017
  • Feb 17, 2011 4:01pm Feb 17, 2011 4:01pm
check 31 jan 2010 area ... there were 4 dojis after a downtrend .. should this not have reversed price Up ?

Quoting skyscraper
Malcolmb,

In attached picture I highlighted the weekly doji, the one with the Red circle pull the market down, and currently we are in green circle. We are saying EU still in Bull trend, by seeing weekly chart ( green doji) and volume how you are interpreting that market can have some more up move? Please share your analysis.
Thanks
Blogging daily now at www.volume.zone
  • #13,018
  • Feb 17, 2011 4:03pm Feb 17, 2011 4:03pm
Quoting Magix
So...uhhh...

Did ya get the point about the 200EMA on the different time frames?

And that is a pretty broad statement about using indicators...it just says that you wasted 10 000 hours and learned nothing.

But...aight dude...if it is your goal to be lost in a world of VSA asking about herds not knowing what is going on...You hit a home run!


millions of trading skills are in the market but what everyone still talk abt is support and resistance no matter what indication u have u will never ignore that. every one trade there believe system so as u do to. i dont use VSA even i have tried to but hard for me to understand maybe i will learn in future for fun i might get it.
i respect Malc view on vsa so as most people on here respect him so please try do the same as we have many others reading this thread.
MY OPINION NOT FINANCIAL ADVISE
  • #13,019
  • Feb 17, 2011 4:05pm Feb 17, 2011 4:05pm
Magik is a good trader... used to hang with him on skype .. just can be king dickhead at times and loves arguing. i know he will not take offence to this as even he admits he is.. and takes it as a compliment

Quoting lolpie
Why are you in this thread if you're not trading VSA? I'm sure you're a fantastic trader btw, I just feel like your posts are distracting people trying to learn VSA.

Back on topic - has anyone seen the chart reading masterclass on tradeguider.com? Is it worth it?
Blogging daily now at www.volume.zone
  • #13,020
  • Feb 17, 2011 4:06pm Feb 17, 2011 4:06pm
what? you told me you always hang out with him in the gym's shower or is this what "skype" stands for?

Quoting malcolmb14
Magik is a good trader... used to hang with him on skype .. just can be king dickhead at times and loves arguing. i know he will not take offence to this as even he admits he is.. and takes it as a compliment
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