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vsa with Malcolm

  • #13,381
  • Feb 18, 2011 3:41pm Feb 18, 2011 3:41pm
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...


Bob...

If this market thing don't work out for ya...ya can fall back on your song writing...

Love the sense of humor, keep on keepin on brother...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,382
  • Feb 18, 2011 3:45pm Feb 18, 2011 3:45pm
Quoting Magix


Bob...

If this market thing don't work out for ya...ya can fall back on your song writing...

Love the sense of humor, keep on keepin on brother...

BoB was the signer who performs / wrote the original... gotta keep a sense of humour and quick wit while working the market.

No worries for me yet as I work fulltime and trade part time so if I fail so be it... so far so good, in the green every month.

Jason (pres78)
Today's zone = Tomorrow's opportunity!
  • #13,383
  • Feb 18, 2011 4:02pm Feb 18, 2011 4:02pm
Quoting pres78
BoB was the signer who performs / wrote the original... gotta keep a sense of humour and quick wit while working the market.

No worries for me yet as I work fulltime and trade part time so if I fail so be it... so far so good, in the green every month.

Jason (pres78)
Doh...sorry on the Bob thang...

That's how I got my start in markets Jason.

Working full time and using what time that wasn't taken by family and other commitments in learning the craft of trading forex.

I had been round FF for a while and started a dialogue with Brother Mal via Skype and to be honest, if wasn't for his encouragement that instilled a little more confidence into my game, I wouldn't be hitting the market the way I do now.

We may see things differently, Mal n me, but I am pretty sure there is a mutual respect...Finding what will work for you specifically and consistently is really the Holy Grail that so many others seek.

Ya picked a good guy to follow...he spends a grand deal of time not only hitting the market, but also in sharing the information as makes the most sense to him.

Mal got a pretty big set of foot prints to follow, but at least ya know where you are heading, and the way I measure Mals success is the growth I find in my own account.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,384
  • Edited 4:39pm Feb 18, 2011 4:17pm | Edited 4:39pm
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...
In your first paragraph, you are correct.

As for the shake out....

You are concerning yourself with the market mechanics during the printing of bars. I suggest you dont at this stge. However, you have asked so I will give you the brief version.

Firstly, I want to make sure you understand what makes a price go up and down. This is simple, if there is more people trying to buy, price will go up. If there are more people trying to sell, price will go down.

Ok, so why would SM want the price to go down if they are bullish? They want to raise prices further but, if they have to absorb a lot of selling to do this (if they do not absorb all the selling, there will be more sellers than buyers…..price will go down) it could cost them a lot of money. In fact, it could bankrupt them. They would prefer that the price could go up with minimal buying on their part, therefore costing them less. So they want to know if any other groups are going to start selling against them. They do this by starting to sell themselves. They will sell hard and fast to make sure there are more sellers than buyers. Price will fall sharply. If anyone is interested in shorting the market, they will jump on board and start to sell. When the SM withdraws from selling 1 of 2 things will happen. If others are still selling, price will continue to fall. If no one else is selling, price will stall.

If price continues to fall, SM will have to re-assess their plan. If price stalls with no more volume coming in, they will make a sudden U turn and start buying in moderation which, with the absence of bulk sellers, is enough to raise prices beyond the starting point. A useful by product of this action is that the herds stops will be hit and the herd will start shorting the market. They will also be placing new stops at higher prices (useful later on).

That’s the mechanics of what’s happening. So now we address the aesthetics. When SM start to sell we will see a down bar forming. It will drop quite quickly and volume will rise quickly also. Then at a level decided by the SM, the bar will stop falling and volume will stop rising (as SM pull out). There will be a period of inactivity which will last until SM are satisfied that no one else has started selling (except some smaller groups and the herd of course!). Then the price will rise. If this process is done quickly enough, the down bar will become a doji style bar. If not, we will see the down bar then an up bar which should close well into the high of the down bar.

If SM have done their homework, the price will fall to a point where there are a lot of sell orders. They will use this selling to fuel the up move. In this case we might see a small retrace of the down bar before the up bar starts.

This is how a basic shake out is formed.

Hope this hasnt confused you too much.
  • #13,385
  • Feb 18, 2011 4:31pm Feb 18, 2011 4:31pm
mutual respect for sure .. but you are still king dick head LOL

Been an entertaining week.

Have a great weekend

Quoting Magix
Doh...sorry on the Bob thang...

That's how I got my start in markets Jason.

Working full time and using what time that wasn't taken by family and other commitments in learning the craft of trading forex.

I had been round FF for a while and started a dialogue with Brother Mal via Skype and to be honest, if wasn't for his encouragement that instilled a little more confidence into my game, I wouldn't be hitting the market the way I do now.

We may see things differently, Mal n me, but I am pretty sure there is a mutual respect...Finding what...
Blogging daily now at www.volume.zone
  • #13,386
  • Feb 18, 2011 4:46pm Feb 18, 2011 4:46pm
Quoting Intel
In your first paragraph, you are correct.

As for the shake out....

You are concerning yourself with the market mechanics during the printing of bars. I suggest you dont at this stge. However, you have asked so I will give you the brief version.

Firstly, I want to make sure you understand what makes a price go up and down. This is simple, if there is more people trying to buy, price will go up. If there are more people trying to sell, price will go down.

Ok, so why would SM want the price to go down if they are bullish? They want to raise...
Great post.

FF needs a post recommendation thingamy like T2W (am i allowed mention that site here?! )
  • #13,387
  • Feb 18, 2011 4:51pm Feb 18, 2011 4:51pm
Quoting malcolmb14
.

I have a long term position that is works will net 250 to 300 k , much like the January 1000 pip run gave me.
You're making that kinda € from trading and you're still posting here helping people along the way? I find that commendable above all else. Cheers Malc.

By the way, i'm nigerian royalty in grave danger and i just need your bank details to help me escape my war torn country and i promise i'll send you gazillions when i'm safe.
  • #13,388
  • Feb 18, 2011 4:55pm Feb 18, 2011 4:55pm
Quoting malcolmb14

the longs today 1.3550 and 1.3610 were EASY as was the usdchf 9700 sell and the 85 oil long , tested at 85.3 for entry , all done with stopping volume and test... my fav set up
3rd post in a row but yeah i'm catching up after work. When you get the time Malc, could you post the chart(s) for your USD/CHF trade with the hows and whys?

Cheers,

KFT
  • #13,389
  • Feb 18, 2011 4:55pm Feb 18, 2011 4:55pm
Quoting KinsaleForex
You're making that kinda € from trading and you're still posting here helping people along the way? I find that commendable above all else. Cheers Malc.

By the way, i'm nigerian royalty in grave danger and i just need your bank details to help me escape my war torn country and i promise i'll send you gazillions when i'm safe.

Here, have mine.

77-33-22 487365390

If you can get any money out of it, we'll go halves
  • #13,390
  • Feb 18, 2011 4:58pm Feb 18, 2011 4:58pm
[quote=malcolmb14;4411673]
I have a long term position that is works will net 250 to 300 k , much like the January 1000 pip run gave me. i will add 10 lots at specific areas. I also do small 40 pip to 80 pip day trade if there is a clear set up [quote]

And to think I am excited to have a long term position make $2,500.00 bucks... Wow is all I can say.
Today's zone = Tomorrow's opportunity!
  • #13,391
  • Feb 18, 2011 5:00pm Feb 18, 2011 5:00pm
that made my day awesome

Quoting KinsaleForex
You're making that kinda € from trading and you're still posting here helping people along the way? I find that commendable above all else. Cheers Malc.

By the way, i'm nigerian royalty in grave danger and i just need your bank details to help me escape my war torn country and i promise i'll send you gazillions when i'm safe.
  • #13,392
  • Feb 18, 2011 5:03pm Feb 18, 2011 5:03pm
1000 pips on 10 lots is 125k

if you are not able to add during the 1000pips and at least make 20-30 lots out of it, then there is something wrong

i had a 2k drawdown today before closing out with profit to make it 6:1

it all depends on risk you take and ratios in terms fo acc size.

you will get there.

yes, we have had crazy days

[quote=pres78;4412308][quote=malcolmb14;4411673]
I have a long term position that is works will net 250 to 300 k , much like the January 1000 pip run gave me. i will add 10 lots at specific areas. I also do small 40 pip to 80 pip day trade if there is a clear set up
Quote

And to think I am excited to have a long term position make $2,500.00 bucks... Wow is all I can say.
  • #13,393
  • Edited 9:57pm Feb 18, 2011 5:47pm | Edited 9:57pm
yeah why not... now seriously if you pull a quarterly chart, well, things are not quite pink for e-u bulls. first serious hiccup is at 1.3945/1.4030 but we may get to 1.42 again... maybe end of march... april...
then i'll take it from there. but long term i am kinda bearish... sorry, i meant beerish.

Quoting malcolmb14
scrat I am seeling at each price level as weekly macd still down
Nihil Sine Deo.
  • #13,394
  • Feb 18, 2011 5:53pm Feb 18, 2011 5:53pm
Quoting Dr.Geppynius
1000 pips on 10 lots is 125k

if you are not able to add during the 1000pips and at least make 20-30 lots out of it, then there is something wrong

i had a 2k drawdown today before closing out with profit to make it 6:1

it all depends on risk you take and ratios in terms fo acc size.

you will get there.

yes, we have had crazy days
I would love to think that I may get there some day... seems so far away based on account size and the fact that I can only trade part time... but here's to hoping.
Today's zone = Tomorrow's opportunity!
  • #13,395
  • Feb 18, 2011 5:55pm Feb 18, 2011 5:55pm
Quoting pres78
I would love to think that I may get there some day... seems so far away based on account size and the fact that I can only trade part time... but here's to hoping.
Every month in green so far, you're well on your way! Day by day.
  • #13,396
  • Feb 18, 2011 6:05pm Feb 18, 2011 6:05pm
Quoting Intel
Here, have mine.

77-33-22 487365390

If you can get any money out of it, we'll go halves
No joy unfortunately! I'll try again tomorrow

Have a good weekend all.
  • #13,397
  • Feb 18, 2011 6:49pm Feb 18, 2011 6:49pm
Inserted Video
  • #13,398
  • Feb 18, 2011 7:55pm Feb 18, 2011 7:55pm
Quoting malcolmb14
mutual respect for sure .. but you are still king dick head LOL

Been an entertaining week.

Have a great weekend
Hey Mal...

(See) (You) (N)ext (T)uesday!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,399
  • Feb 18, 2011 10:22pm Feb 18, 2011 10:22pm
lol ... I got an email form another Nigerian the other day saying a long lost relative had left me large sum in their will and they need my account details.

Quoting KinsaleForex
You're making that kinda € from trading and you're still posting here helping people along the way? I find that commendable above all else. Cheers Malc.

By the way, i'm nigerian royalty in grave danger and i just need your bank details to help me escape my war torn country and i promise i'll send you gazillions when i'm safe.
Blogging daily now at www.volume.zone
  • #13,400
  • Feb 18, 2011 10:22pm Feb 18, 2011 10:22pm
lol

Quoting Magix
Hey Mal...

(See) (You) (N)ext (T)uesday!

Blogging daily now at www.volume.zone
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