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vsa with Malcolm

  • #13,081
  • Feb 17, 2011 11:17pm Feb 17, 2011 11:17pm
Quoting duyk20
It's OK Intel Hope you continue post signal, I learn a lot from them. Your RR is 1:1, why don't you choose TP target wider, for example, next SR level, or close manually when seeing opposite signal like uhv, wide spread bar follow by a test, it could bring fabulous RR.
Just my 2 cents.
For those of you who are comfortable with a different exit strategy, the R:R can be almost second to none. BTW I do use s&r levels if they are 'in my way'.
  • #13,082
  • Feb 17, 2011 11:22pm Feb 17, 2011 11:22pm
EU M15

Another possible setup forming
  • #13,083
  • Feb 17, 2011 11:24pm Feb 17, 2011 11:24pm
This thread moves pretty fast, but I wanted to chime in on a subject that a couple members were talking about.

The Ideal 2 Bar Reversal.

1. The first bar will close on or near its high.
2. The second bar will NOT make a higher high but will make a lower low as its range is increasing.
3. The second bar will close HIGHER than the high of the first bar.
4. The second bar will close on or near its high.
5. The second bar will have MORE volume than the first bar.

This is the ideal or text book example. When first starting out, this should be the type of 2 Bar Reversal you are looking for. Once you progess in your VSA/chart reading abilities, you can loosen the definition to encompass more.

Sometimes, in VSA, it is bettter to first learn to paint by numbers before you start painting outside the lines.....
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #13,084
  • Feb 17, 2011 11:25pm Feb 17, 2011 11:25pm
of course he did and went long to the pip at the bottom ..always does

Quoting Intel
EU M15

Did anyone catch the setup for the up move? I was away from my computer sorry. Hope Magix got out.
Blogging daily now at www.volume.zone
  • #13,085
  • Feb 17, 2011 11:26pm Feb 17, 2011 11:26pm
Quoting Intel
EU M15

Another possible setup forming
is it set up for short?, btw, the volume is low here,

Will you also take setups when the volume is low due to inactivity?
  • #13,086
  • Feb 17, 2011 11:28pm Feb 17, 2011 11:28pm
Quoting HiddenGap
This thread moves pretty fast, but I wanted to chime in on a subject that a couple members were talking about.

The Ideal 2 Bar Reversal.

1. The first bar will close on or near its high.
2. The second bar will NOT make a higher high but will make a lower low as its range is increasing.
3. The second bar will close HIGHER than the high of the first bar.
4. The second bar will close on or near its high.
5. The second bar will have MORE volume than the first bar.

This is the ideal or text book example. When first starting out, this should be the...

I probably should have said that earlier when I was asked thanks for keeping me straight.
  • #13,087
  • Feb 17, 2011 11:29pm Feb 17, 2011 11:29pm
Quoting malcolmb14
of course he did and went long to the pip at the bottom ..always does
Nobody is that good Mal...

Ask intel to forward you my last PM to him...

Ask him to get the time stamp too...

This way, ya can cross reference on a chart.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,088
  • Feb 17, 2011 11:29pm Feb 17, 2011 11:29pm
even though it is asia still been 2 nice tests

now hoping for shake out for another 30 pip trade entry in 1.3590 area

Attached Image (click to enlarge)
Click to Enlarge Name: eu138.png Size: 177 KB
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  • #13,089
  • Feb 17, 2011 11:29pm Feb 17, 2011 11:29pm
Quoting Mtm
is it set up for short?, btw, the volume is low here,

Will you also take setups when the volume is low due to inactivity?
On closer inspection, it's not the best setup and I wouldnt take it.
  • #13,090
  • Feb 17, 2011 11:31pm Feb 17, 2011 11:31pm
Quoting Mtm
is it set up for short?, btw, the volume is low here,

Will you also take setups when the volume is low due to inactivity?
I only trade about an hour or so before FO till about an hour and a half before LC.
  • #13,091
  • Feb 17, 2011 11:31pm Feb 17, 2011 11:31pm
Quoting Intel
I probably should have said that earlier when I was asked thanks for keeping me straight.
We all hope to one day be able to see things the way you do my friend. We're trying to start a fire by rubbing two sticks together while you're walking around with a Zippo. lol
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #13,092
  • Feb 17, 2011 11:33pm Feb 17, 2011 11:33pm
Quoting Mtm
is it set up for short?, btw, the volume is low here,

Will you also take setups when the volume is low due to inactivity?
Sorry for answering in bits. I'm trying to work aswell!! Yes it is a very loose short trade.
  • #13,093
  • Edited Feb 18, 2011 4:38am Feb 17, 2011 11:34pm | Edited Feb 18, 2011 4:38am
Quoting Intel
On closer inspection, it's not the best setup and I wouldnt take it.
u don't take it, is it because due to low activity here? or because some bar that would go against your trade has formed?
---> ok just saw ur replies above, thanks

but what is FO and LC?
---> Thanks duyk20 for reply in post #13109

Quoting HiddenGap
This thread moves pretty fast, but I wanted to chime in on a subject that a couple members were talking about.

The Ideal 2 Bar Reversal.

1. The first bar will close on or near its high.
2. The second bar will NOT make a higher high but will make a lower low as its range is increasing.
3. The second bar will close HIGHER than the high of the first bar.
4. The second bar will close on or near its high.
5. The second bar will have MORE volume than the first bar.

This is the ideal or text book example. When first starting out, this should...
Is HG talking about a reversal to go short ?
  • #13,094
  • Feb 17, 2011 11:34pm Feb 17, 2011 11:34pm
same one hour chart I posted 2 weeks back with the s/r lines on it. 1.3610 area key ... maybe if we have decent range day we can get to that 1.3750 area

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 220 KB
Blogging daily now at www.volume.zone
  • #13,095
  • Feb 17, 2011 11:35pm Feb 17, 2011 11:35pm
Quoting HiddenGap
We all hope to one day be able to see things the way you do my friend. We're trying to start a fire by rubbing two sticks together while you're walking around with a Zippo. lol
If I do have a Zippo, it was Mal who fueled it for me, and you who showed me how to use it
  • #13,096
  • Feb 17, 2011 11:35pm Feb 17, 2011 11:35pm
Quoting malcolmb14
same one hour chart I posted 2 weeks back with the s/r lines on it. 1.3610 area key ... maybe if we have decent range day we can get to that 1.3750 area
2 weeks ago Mal?
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,097
  • Feb 17, 2011 11:40pm Feb 17, 2011 11:40pm
make a call long and targets when everyone calling you a muppet and telling you to get a real chart as they are selling then i will be impressed.

a 20 pip retracement off a key s/r area is supposed to impress me ? lol ... sorry it did not , plus I would be more concerned with my long if we did not get that dip in asia , pros typically use the low vol times to move price around to their suiting

Quoting Magix
Nobody is that good Mal...

Ask intel to forward you my last PM to him...

Ask him to get the time stamp too...

This way, ya can cross reference on a chart.

Blogging daily now at www.volume.zone
  • #13,098
  • Feb 17, 2011 11:41pm Feb 17, 2011 11:41pm
yes something like that ... I posted same chart with those lines on .... they are based on daily and weekly charts

Quoting Magix
2 weeks ago Mal?
Blogging daily now at www.volume.zone
  • #13,099
  • Feb 17, 2011 11:43pm Feb 17, 2011 11:43pm
http://www.forexfactory.com/showpost...ostcount=12061

why I loaded at 1,3480 I has no idea....lucky guess
Blogging daily now at www.volume.zone
  • #13,100
  • Feb 17, 2011 11:48pm Feb 17, 2011 11:48pm
http://www.forexfactory.com/showpost...ostcount=11598

another lucky guess 200 and 100 pip trade

vsa rocks your socks when your grasp it
Blogging daily now at www.volume.zone
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