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vsa with Malcolm

  • #13,801
  • Edited Feb 23, 2011 1:21am Feb 22, 2011 10:49pm | Edited Feb 23, 2011 1:21am
Quoting rbumbalough
Hello Friend Mtm: It is nice to meet you on FF. Thanks for your question. The chart I posted is from Infinity Futures AT trade platform with Sierra Charts. The indi on the side is volume by price and is built into Sierra. I like the Infinity Futures AT platform better than MT4 because AT has the level 2 depth of market quotes. In MT4, I use Market Statistics 4.1 that does almost the same thing and provides point of control, primary value price, and volume weighted MA as well as standard deviations from PVP. In the EU, price action often respects...
Thank you for your reply. I just realised i have a more recent version (attached to this post) for Market Statistics indicator. but i didnt use it becoz it doesnt show the red and green horizontal bars indicator like on your chart.

one question, can i know for the horizontal red bar on your chart , is it represent selling? and green bar is represent buying?
--------------
erm, i know the bias is long for EU, but is anybody thinking of shorting it now that price has reached resistence, there seem to be some selling at 1.3694... but im not too sure if its enough to bring the price down..

.. approaching major resistence on H1 at 1.37440.. will it break, retrace or bounce... hmm..
Attached File(s)
File Type: ex4 Market_Statistics_v5_0.ex4   10 KB | 316 downloads
File Type: mq4 Market_Statistics_v5_0.mq4   10 KB | 415 downloads
  • #13,802
  • Feb 23, 2011 12:51am Feb 23, 2011 12:51am
#1, #2, #3 achieved


Quoting Dr.Geppynius
from what i see on the charts imho a 150 pip upmove during the next 24 hours is imminent. #1 3650 could mark the low of it. if we #2 move up during asia, then #3 dip pre london we will most likely continue rallying during euro & early us session.

edit: i am long 3655 with a 30p stop. if i am right, this stop is far enough. i am also not willing to expose myself to a bigger risk on a trade opened pre-banzai session...

supportive charts will be posted if it plays out, otherwise disregard this since...
  • #13,803
  • Feb 23, 2011 12:58am Feb 23, 2011 12:58am
Quoting Dr.Geppynius
#1, #2, #3 achieved
Another shake out maybe before London?
  • #13,804
  • Feb 23, 2011 1:30am Feb 23, 2011 1:30am
Quoting 1pipperhour
Another shake out maybe before London?
if we just had pushing through supply,
then we might have zero to minor shakeout above/at 1.3700 area.

just my view
might be wrong, let's see
  • #13,805
  • Feb 23, 2011 1:50am Feb 23, 2011 1:50am
Quoting rbumbalough
Hello Malcolmb. Thanks. You always have the best advice. INdeed. VSA stipulates only to operate with the trend.

I did a counter trend scalp in the CL with the new platform just to test my reading of the depth of market level two style quotes. I have much to learn. In real money trading I would only do long trades in bullish run away freight trains. Its the VSA way.
Where does it say VSA is only for trading trends? The main principle behind VSA is to trade in the direction of the pros, and VSA states that pros trading counter-trend is how a trend changes.

My own opinion is to think less about rules, and just about borrowing sound philosophy. VSA is simply an interpretation of the underlying action, so ideally we want to develop an understanding of that action. Those who succeed in this thread using VSA are good traders because they understand the action, not because they use VSA (though VSA may have been instrumental in their development). I wonder how many have read this thread and failed because they were just looking for a system to follow.
  • #13,806
  • Feb 23, 2011 3:03am Feb 23, 2011 3:03am
just went long 3710. vol coming in on 5min, small doji bar at the bottom there just after the big down bar, with volume far higher than its size and was on support so likely buying. next bar up so jumped in. went long gu as well just above 6200, hoping that takes out yesterdays high now (and then mpc minutes in 25 sent it into orbit )
  • #13,807
  • Feb 23, 2011 3:12am Feb 23, 2011 3:12am
food for thought and a part of the reason why i made this call yesterday.

23 days ago, one day prior to trichet 18gmt low was 3664, yesterday 3650.
22 days ago at 8.40 gmt we made the low of the dip at 3703, today at 8.40gmt on 3706.
on the following day the 9gmt high after driving up during asia was 3723, today 3728.
  • #13,808
  • Feb 23, 2011 3:14am Feb 23, 2011 3:14am
Quoting Dr.Geppynius
food for thought.

23 days ago, one day prior to trichet 18gmt low was 3664, yesterday 3650.
on the following day the 9gmt low after driving up during asia was 3700, today 3725.
how do you see these things damnit
  • #13,809
  • Feb 23, 2011 3:19am Feb 23, 2011 3:19am
i am a witch

Quoting ewokuk
how do you see these things damnit
  • #13,810
  • Feb 23, 2011 3:35am Feb 23, 2011 3:35am
Quoting ewokuk
just went long 3710. vol coming in on 5min, small doji bar at the bottom there just after the big down bar, with volume far higher than its size and was on support so likely buying. next bar up so jumped in. went long gu as well just above 6200, hoping that takes out yesterdays high now (and then mpc minutes in 25 sent it into orbit )
mission accomplished on gu, took 60 and its now done its atr for the day. didnt trust eu so closed that at BE, and this uhigh vol now hmmmmmm gonna wait for entry on eu
  • #13,811
  • Feb 23, 2011 3:44am Feb 23, 2011 3:44am
Quoting Dr.Geppynius
i am a witch
Dear Doc -

Is the Euro volume and price action unclear today or do I need a new eye exam?

Sincerely,

Moe.
  • #13,812
  • Feb 23, 2011 3:57am Feb 23, 2011 3:57am
chop suey, no surprise with the news today but the general direction remains intact. currently we test 3700 and 15m looks promising so far.

the pa during the asian shark session and euro so far still keeps me very comfortable with my upside view of 3800 during the next 3 sessions
Quoting Momomoney
Dear Doc -

Is the Euro volume and price action unclear today or do I need a new eye exam?

Sincerely,

Moe.
  • #13,813
  • Feb 23, 2011 4:14am Feb 23, 2011 4:14am
Hi everyone, Dr G... How are you guys doing? Professor got sick today, home early ^_^ Price is quite sick, it seems
  • #13,814
  • Feb 23, 2011 4:20am Feb 23, 2011 4:20am
Eh. Pushed up into a decent volume upthrust, followed by a drop. Looks weak, and really, below 3680 would be a nice place to send price to mess with some participants. 3630 would be even better, but a double shake-out may be a bit optimistic.
  • #13,815
  • Feb 23, 2011 4:28am Feb 23, 2011 4:28am
other usd crosses and especially the s&p is in the same mood until now

http://img577.imageshack.us/img577/7...0223111822.png
  • #13,816
  • Feb 23, 2011 4:30am Feb 23, 2011 4:30am
just capping the upside for now and retrace to test broken 3700, no decent weakness to me

Quoting Mr J
Eh. Pushed up into a decent volume upthrust, followed by a drop. Looks weak, and really, below 3680 would be a nice place to send price to mess with some participants. 3630 would be even better, but a double shake-out may be a bit optimistic.
  • #13,817
  • Feb 23, 2011 4:33am Feb 23, 2011 4:33am
Quoting Dr.Geppynius
just capping the upside for now and retrace to test broken 3700, no decent weakness to me
i saw some weakness here as eur has been sold everytime it attempts to move up. Could retrace to the down side soon...

http://img517.imageshack.us/img517/7651/48327161.gif
  • #13,818
  • Feb 23, 2011 4:38am Feb 23, 2011 4:38am
Quoting Dr.Geppynius
just capping the upside for now and retrace to test broken 3700, no decent weakness to me
I think the same that there is no clear sign of weakness yet. Will hold my long.

Edit: And H4 seems to give us ns in 20 min.
  • #13,819
  • Feb 23, 2011 4:43am Feb 23, 2011 4:43am
bullflag
http://img254.imageshack.us/img254/2...0223113803.png

http://img534.imageshack.us/img534/8...0223114056.png

Quoting duyk20
i saw some weakness here as eur has been sold everytime it attempts to move up. Could retrace to the down side soon...

http://img517.imageshack.us/img517/7651/48327161.gif
  • #13,820
  • Feb 23, 2011 4:46am Feb 23, 2011 4:46am
Quoting Dr.Geppynius
bullflag
All those bull flags seem to fail lately.
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