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vsa with Malcolm

  • #13,361
  • Feb 18, 2011 2:01pm Feb 18, 2011 2:01pm
do not worry about the name .. just understand what it means that is key as HG stated so well

Quoting HiddenGap
We don't want to get bogged down by nomenclature here, but it is not wider than the previous bar so I would not consider it No Selling Pressure. And because the close is lower than the midpoint of the range, I would not consider it a Test. What's left? No Supply.
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  • #13,362
  • Feb 18, 2011 2:03pm Feb 18, 2011 2:03pm
Quoting HiddenGap
We don't want to get bogged down by nomenclature here, but it is not wider than the previous bar so I would not consider it No Selling Pressure. And because the close is lower than the midpoint of the range, I would not consider it a Test. What's left? No Supply.
Malc was metioning the second bar identified which was that down bar which the spread appears to be larger than the previous 2 bars...

Man I am so confused now... so many terms, so little time. I will have to add a disclaimer to my posts telling people to ignore what I write and do the opposite.
Today's zone = Tomorrow's opportunity!
  • #13,363
  • Feb 18, 2011 2:06pm Feb 18, 2011 2:06pm
hmmm there is too much to remember

one thing which had me confused earlier when i was looking at longs around 3610 was the circled section here.

the lack of volume and failure to get above R1 on what looks like a no demand bar on lower vol than previous 3 bars, then the increase in volume on the next down bar had me thinking perhaps it was a sell. then next bar was higher volume stil but up, then lower vol but down. i ended up thinking wtf?!? jumped out of my long and missed the move lol
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  • #13,364
  • Feb 18, 2011 2:07pm Feb 18, 2011 2:07pm
levels for next week

1.3650 , 1.3760 , 1.3850 , 1.3920 ,1.4060 , 1.4220
Blogging daily now at www.volume.zone
  • #13,365
  • Feb 18, 2011 2:08pm Feb 18, 2011 2:08pm
Quoting pres78
Malc was metioning the second bar identified which was that down bar which the spread appears to be larger than the previous 2 bars...

Man I am so confused now... so many terms, so little time. I will have to add a disclaimer to my posts telling people to ignore what I write and do the opposite.
I was talking about the bar the black arrow points to.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #13,366
  • Feb 18, 2011 2:09pm Feb 18, 2011 2:09pm
Quoting HiddenGap
I was talking about the bar the black arrow points to.

Ahh I see...
Today's zone = Tomorrow's opportunity!
  • #13,367
  • Feb 18, 2011 2:22pm Feb 18, 2011 2:22pm
Since the week is drawing quickly to a close I was listening to the radio while trading and I heard that song by BOB and Rivers Cuomo called Magic and it got me thinking about this thread over the last few days so I downloaded the lyrics and personalized it for Malc and Magix...

Have a great weekend all...
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File Type: pdf Magix lyrics by BoB.pdf   98 KB | 1,029 downloads
Today's zone = Tomorrow's opportunity!
  • #13,368
  • Feb 18, 2011 2:36pm Feb 18, 2011 2:36pm
I am printing that out and posting on office wall . May even get my woman who can sing pretty good to do a youtube video singing the song with those lyrics


Quoting pres78
Since the week is drawing quickly to a close I was listening to the radio while trading and I heard that song by BOB and Rivers Cuomo called Magic and it got me thinking about this thread over the last few days so I downloaded the lyrics and personalized it for Malc and Magix...

Have a great weekend all...
Blogging daily now at www.volume.zone
  • #13,369
  • Feb 18, 2011 2:37pm Feb 18, 2011 2:37pm
... 1.4420, 1.5040.

Quoting malcolmb14
levels for next week

1.3650 , 1.3760 , 1.3850 , 1.3920 ,1.4060 , 1.4220
Nihil Sine Deo.
  • #13,370
  • Feb 18, 2011 2:42pm Feb 18, 2011 2:42pm
Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands. high vol stuff i can spot, thats pretty easy, but theres a lot of low vol bars scattered around between the high vol stuff and i can never spot the tests/nd/ns stuff.

from yesterday i have marked 2 bars on this which seem significant low volume. the first is an up bar with much lower vol than the previous bars, i might have taken this as some sort of no demand, especially as the next bar initially started...

The second bar on your chart has caused some confusion which I would like to clear up.

During an up trend SM have marked the price down rapidly. Finding no volume, they were free to mark the price back up on higher volume. This is a classic move by the SM to catch stops and encourage the herd to short the market. This move is called a 'shake out'.
  • #13,371
  • Edited 2:58pm Feb 18, 2011 2:44pm | Edited 2:58pm
Quoting scrat
... 1.4420, 1.5040.
1.3786..... 1.3832

1.3303.... 1.3178...

Was not mocking at you Malcolmb.. I was telling how people are pulling your leg all week ! thats all..

YOU GOT ALL EMOTIONAL ABOUT THIS STUFF.

And I was not selling all week... I took one trade only..busy due to exams.

But I may at those levels mentioned above... I am also bullish E/U my charts for last 6-7 months have been. bUT THE SYMMETRY and Fib ratios dont Add up for me yet to be long.

I need to see a break of 1.3733 first then 1.3786 ..

Anyways who cares you know what you are doing!
Markets are not Random, they are designed!
  • #13,372
  • Feb 18, 2011 2:47pm Feb 18, 2011 2:47pm
0.80.....1.70
  • #13,373
  • Feb 18, 2011 2:47pm Feb 18, 2011 2:47pm
Quoting Scrat
... 1.4420, 1.5040.
went to bed and wake up an hour before market close to see 1.3700

planning to leave the trades open and stops to BE

just hope that i dont see a huge gap down on sunday evening..

missed 1.3610 as a reload point but i guess i'll see if i can reload at 1.3650 next week..
  • #13,374
  • Feb 18, 2011 2:56pm Feb 18, 2011 2:56pm
scrat I am seeling at each price level as weekly macd still down

Quoting Scrat
... 1.4420, 1.5040.
Blogging daily now at www.volume.zone
  • #13,375
  • Feb 18, 2011 2:57pm Feb 18, 2011 2:57pm
not till we see weakness in the charts raza .... as noted and you took piss of ( that is ok I forgive you as you had enough pain trying to sell into 1.3400 all week) that test monday was major sign strength
If weakness turns up in the charts i will advise everyone .. watch this space.

Ignore news .. everything we need to know is in the charts

Quoting Raza
1.3786..... 1.3832

1.3303.... 1.3178...

Lol.!
Blogging daily now at www.volume.zone
  • #13,376
  • Feb 18, 2011 2:58pm Feb 18, 2011 2:58pm
Quoting Intel
The second bar on your chart has caused some confusion which I would like to clear up.

During an up trend SM have marked the price down rapidly. Finding no volume, they were free to mark the price back up on higher volume. This is a classic move by the SM to catch stops and encourage the herd to short the market. This move is called a 'shake out'.
one thing that confuses me about that bar. the spread was large, the volume was low. Since in fx we are using tick volume not money, high volume is created by lots of buying and selling, causing up ticks and down ticks right? I mean if there is no buying, you will only get down ticks. so in theory, a small spread with high volume indicates lots of buyers and sellers, but as the spread is small, neither side has absorbed the other, we could call the bar a draw, if next bar is up, buyers have won and vice versa.

now say on a high volume down bar with a large spread closing near the low, that suggests there were buyers in that bar but the selling absorbed it all so there was a LOT of selling? but often i see a bar like this then reverses and starts an uptrend. thinking about the large spread, high volume and closing on the lows, why would this be? the selling HAD to be a lot more than the buying or we wouldnt have a large spread closing on the low? are they selling absorbing all those buy orders, and then quickly reversing their positions to take it back up?

and the bit that confuses me about this large spread low volume down bar on the chart, because the volume was low, there was very little buying in the bar? i mean its based on ticks, for volume to be low on a large spread bar then almost all the ticks must be one direction, indicating virtually no buying, hence the low volume but large spread. so then why would it suddenly reverse up on higher volume with buying, if the down bar had no buying in it at all? the only thing i can think of is that it happen to run into buy orders sitting right near the bottom of that bar which got triggered just as the bar closed, sending the next bar up.

trying to get my head around these things because its exactly that sort of thing that confuses me when i get the direction completely wrong.
  • #13,377
  • Feb 18, 2011 3:00pm Feb 18, 2011 3:00pm
Quoting malcolmb14
not till we see weakness in the charts raza .... as noted and you took piss of ( that is ok I forgive you as you had enough pain trying to sell into 1.3400 all week) that test monday was major sign strength
If weakness turns up in the charts i will advise everyone .. watch this space.

Ignore news .. everything we need to know is in the charts
Explained above your post...

If I did not believe in your VSA ANALYSIS.. I would not check your thread..
Markets are not Random, they are designed!
  • #13,378
  • Feb 18, 2011 3:02pm Feb 18, 2011 3:02pm
wide spread down bar with ultra high vol ...pros buy weakness and sell strength , that is why these ultra high volume bar sometimes tunr the trend ... about 90% of time

the 2nd one is a classic shake out.... down bar into new lows on no volume and next bar up is almost test like ... or a shake out if into new lows ..aka bear trap and 90% of time bears fall for it and then wonder why their stops are hit. I will post these set ups later when at home.

Quoting ewokuk
one thing that confuses me about that bar. the spread was large, the volume was low. Since in fx we are using tick volume not money, high volume is created by lots of buying and selling, causing up ticks and down ticks right? I mean if there is no buying, you will only get down ticks. so in theory, a small spread with high volume indicates lots of buyers and sellers, but as the spread is small, neither side has absorbed the other, we could call the bar a draw, if next bar is up, buyers have won and vice versa.

now say on a high volume down bar...
Blogging daily now at www.volume.zone
  • #13,379
  • Feb 18, 2011 3:04pm Feb 18, 2011 3:04pm
....

just saw commnet on gj thread is all

When we had a very clear test on 8 hour euro. One of the clearest in a long time.

Since that bar was never broken to the downside and did mark low of week I have been buying all dips.

Major congestion above us so next week will be interesting.

Quoting Raza
Explained above your post...

If I did not believe in your VSA ANALYSIS.. I would not check your thread..
Blogging daily now at www.volume.zone
  • #13,380
  • Feb 18, 2011 3:30pm Feb 18, 2011 3:30pm
guys anyone keeping longs over weekend?
i plan to keep my longs from 3550ish and below with stops at BE
over weekend.. will look to reload longs if we see a gap down or dip next week..
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