vsa with Malcolm | Page 673 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #13,441
  • Feb 19, 2011 10:26am Feb 19, 2011 10:26am
Quoting Steve Gill
I've been lurking for the last couple of weeks, keeping up to date with this thread and LOL at Malc and the Mallerinas

I've just discovered the futures charts and I think I've fallen in love. Any comments from the seasoned amongst us on the daily and weekly volume for the futures chart? I've attached a chart below. Normally I see people talk about 1439 minutes as an equivalent of daily on the spot fx but it doesn't seem as clear as below (which I presume means futures are only traded at certain times, not 24 hours).
Can you post weekly chart?

Is that Yellow signal box in friday ND?
  • #13,442
  • Feb 19, 2011 10:46am Feb 19, 2011 10:46am
Quoting juhanimi
Can you post weekly chart?

Is that Yellow signal box in friday ND?
The yellow signal box is something of a pre-signal, it appears on a bar saying that it could be such and such a signal then it is either confirmed or not by the action of the next bar. If confirmed a red/green signal appears based on what the yellow one says it was.

If you look at the bottom left it's saying it's a potential ND.

Also if you look at the low of the chart you have a yellow signal with the green signal above it once confirmed. Probably a Basic Test or something like that.

Least i think that's how it works. I don't think i have them in TGV3
  • #13,443
  • Feb 19, 2011 10:48am Feb 19, 2011 10:48am
Quoting juhanimi
Can you post weekly chart?

Is that Yellow signal box in friday ND?
The yellow signal box is a No Demand, you're right - but it's posted as a yellow box because it wants you to (rightly) wait for the next bar for confirmation.

The weekly chart is attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-02-19 6E W.png Size: 239 KB
Blogging daily now at www.volume.zone
  • #13,444
  • Feb 19, 2011 10:52am Feb 19, 2011 10:52am
Quoting Steve Gill
The yellow signal box is a No Demand, you're right - but it's posted as a yellow box because it wants you to (rightly) wait for the next bar for confirmation.

The weekly chart is attached.
What period do you have the diamond trend set too? Looks like you've found a nice number. Mine always looks a bit messy when I use it. I tend to settle for about 9.
  • #13,445
  • Feb 19, 2011 11:10am Feb 19, 2011 11:10am
Quoting KinsaleForex
Been meaning to ask, what is a squat? Is it a candlestick term?
Hello KF: nice to meet you. Hope you and yours are all good. I think that the term "squat bar" comes from Bill Williams and is used to describe high(er) volume-narrow spread bars in context of use of Market Facilitation Index as he wrote about in his book "Trading Chaos". I learned the term from reading the VSA threads on Trader's Laboratory where several of the regulars combine Wide Range Body-Long Wick analysis with VSA and some of Bill Williams ideas. Squat bars represent absorption volume with lower MFI indicating in BW's system a lead up to an impulse move or break out. If you're interested, MFI is described here http://forex-indicators.net/bill-williams/mfi


Best Wishes and Regards
  • #13,446
  • Feb 19, 2011 11:16am Feb 19, 2011 11:16am
Quoting KinsaleForex
What period do you have the diamond trend set too? Looks like you've found a nice number. Mine always looks a bit messy when I use it. I tend to settle for about 9.
Its set to 20, which is the default in TG v4 I believe.
Blogging daily now at www.volume.zone
  • #13,447
  • Feb 19, 2011 11:34am Feb 19, 2011 11:34am
Hello Friends: Here is a CLH11 6765 tick based chart from Infinity Futures on my new demo account.

CL has been in a downtrend through most of February and the weakness from the recent upthrust into the supply selling at 87.86 is still in place as the dominant market influence. However, that is ameliorated by three more successful tests for a dearth of supply. CL may rally and break back above 88 on Monday or Tuesday. Up trends in risk appetite and down trends in risk aversion assets are still intact so capital value could easily wash out of silver and gold and into energy. Humans can't keep growth down trodden forever.

On the chart, I've added a trend line from successful test close to successful test close. A bullish setup on the line would be another low vol test and rally up to trigger buy stops above the most recent bar or a springboard trade off the line if price dips below and then shoots up; a bearish setup would be a price decrease zoom down through the line followed by an upthrust kiss-downward repulsion or low buying pressure-no demand bar into the line and subsequent price fall triggering sell stop below 84.90 and the low of the middle test bar.

Thanks and kudos go out to all for helping the readers to learn to run their speculating business better.
Attached Image (click to enlarge)
Click to Enlarge Name: CL_6765tick_021811.GIF Size: 47 KB
  • #13,448
  • Feb 19, 2011 11:56am Feb 19, 2011 11:56am
Difficult to see, but that ND is kind of right place, that first test was a bit high volume.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-d.gif Size: 17 KB
  • #13,449
  • Feb 19, 2011 12:08pm Feb 19, 2011 12:08pm
just thinking about monday, assuming sm wants to test to make sure there isnt too much supply, they may take it down and test 3630-50 area (maybe even 3610).

if we then head back up from there, chances are that because its bank hol in US, AND its a monday which are usually lower vol due to lack of news, it will look like a low vol test? but i am wondering how valid this will be, due to mondays being quieter AND the bank hol so you would expect low vol anyway regardless what it does, so if it goes up it may look like ND due to the vol, if it goes down then up it may look like a successful low vol test. but how much can we trust it whatever way it goes, when the reasons for the low vol may not necessarily have anything at all to do with what SM is up to because its a monday and a bank hol?
  • #13,450
  • Feb 19, 2011 12:11pm Feb 19, 2011 12:11pm
Quoting ewokuk
just thinking about monday, assuming sm wants to test to make sure there isnt too much supply, they may take it down and test 3630-50 area (maybe even 3610).

if we then head back up from there, chances are that because its bank hol in US, AND its a monday which are usually lower vol due to lack of news, it will look like a low vol test? but i am wondering how valid this will be, due to mondays being quieter AND the bank hol so you would expect low vol anyway regardless what it does, so if it goes up it may look like ND due to the vol, if it goes...
Dont worry about why it's low volume. Just accept that it is, and deal with it as you should.
  • #13,451
  • Feb 19, 2011 12:21pm Feb 19, 2011 12:21pm
Just a friendly reminder that daily futures volume from esignal is delayed by 1 bar.

Quoting Steve Gill
I've been lurking for the last couple of weeks, keeping up to date with this thread and LOL at Malc and the Mallerinas

I've just discovered the futures charts and I think I've fallen in love. Any comments from the seasoned amongst us on the daily and weekly volume for the futures chart? I've attached a chart below. Normally I see people talk about 1439 minutes as an equivalent of daily on the spot fx but it doesn't seem as clear as below (which I presume means futures are only traded at certain times, not 24 hours).
  • #13,452
  • Feb 19, 2011 12:24pm Feb 19, 2011 12:24pm
Quoting Xagi
Just a friendly reminder that daily futures volume from esignal is delayed by 1 bar.
Interesting - I presume that is that only the current/most recent bar?
Blogging daily now at www.volume.zone
  • #13,453
  • Feb 19, 2011 12:28pm Feb 19, 2011 12:28pm
Quoting Steve Gill
Interesting - I presume that is that only the current/most recent bar?
You dont yet know what the volume is for the most recent price bar.
  • #13,454
  • Feb 19, 2011 12:46pm Feb 19, 2011 12:46pm
So we can forget that ND, now it looks bullish and should go through that level.
  • #13,455
  • Feb 19, 2011 12:49pm Feb 19, 2011 12:49pm
Just shift the volume 1 bar to the left, like so.





Quoting Steve Gill
Interesting - I presume that is that only the current/most recent bar?
Attached Image (click to enlarge)
Click to Enlarge Name: Dailyexample.jpg Size: 149 KB
  • #13,456
  • Feb 19, 2011 2:33pm Feb 19, 2011 2:33pm
Quoting Xagi
Just shift the volume 1 bar to the left, like so.
I understand, so its for every bar. Thanks!

BTW, do you know if it's the same for weekly or monthly?
Blogging daily now at www.volume.zone
  • #13,457
  • Feb 19, 2011 2:54pm Feb 19, 2011 2:54pm
I really hope that Mal and Dr.G are right with this what they have been talking about. So much money here to make.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-d.gif Size: 27 KB
  • #13,458
  • Feb 19, 2011 2:59pm Feb 19, 2011 2:59pm
Quoting Xagi
Just shift the volume 1 bar to the left, like so.
Photoshop is a wonderful thing
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-02-18 6E #F D.jpg Size: 159 KB
Blogging daily now at www.volume.zone
  • #13,459
  • Feb 19, 2011 3:03pm Feb 19, 2011 3:03pm
Quoting juhanimi
I really hope that Mal and Dr.G are right with this what they have been talking about. So much money here to make.
Personally i'm bullish on EU, the last 2 down swings (during Christmas and last 3 weeks) have both been on very low volume. What would be great is to see EU move up to 1.3800 area and get rejected there. This way all the bears can come out and play (aka herd). Then EU moves back down to 3520 area and explodes up from there and we can watch the bears panic

That's just a theory, that's what i see on the H4 now, but things can change as time moves on, so trade what the chart tells you
Change is the only constant
  • #13,460
  • Feb 19, 2011 3:05pm Feb 19, 2011 3:05pm
Quoting malcolmb14
levels for next week

1.3650 , 1.3760 , 1.3850 , 1.3920 ,1.4060 , 1.4220
Okey, thanks.
11 traders viewing now