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vsa with Malcolm

  • #14,121
  • Feb 25, 2011 3:15am Feb 25, 2011 3:15am
Quoting Intel
'Stopping Volume', whats it stopping exactly?
hmmmm Intel i look back at my charts and i think i was too quick to post here
when i saw the climax low volume bar.

u're right there is nothing to stop as price did not have any prior momentum or direction on the left hand side of the chart, therefore this setup or PA cannot be counted as stopping volume.

apologises for my mistake and misleading info sorry about that..
thanks for pointing that out
  • #14,122
  • Feb 25, 2011 3:24am Feb 25, 2011 3:24am
Quoting willkohsg
hmmmm Intel i look back at my charts and i think i was too quick to post here
when i saw the climax low volume bar.

u're right there is nothing to stop as price did not have any prior momentum or direction on the left hand side of the chart, therefore this setup or PA cannot be counted as stopping volume.

apologises for my mistake and misleading info sorry about that..
thanks for pointing that out
Hey, no need to be sorry mate. We all make mistakes and we all can learn from them.
  • #14,123
  • Feb 25, 2011 3:29am Feb 25, 2011 3:29am
Thanks Dr G

I was alwayes afraid to touch ES...

Tought it is for "big boys" only

So will pay atention from now... with this low experience in VSA..i will just watch it for some time

Any particular TF..? For day tradeing it..not some big swings..
Work smart not hard
  • #14,124
  • Feb 25, 2011 3:36am Feb 25, 2011 3:36am
btw guys, here's something i saw in another thread... it's not exactly based on VSA but more on price action..

but just offering another viewpoint..

Quoting redsword11
Attachment

THE BIGGER PICTURE..
seems the pullbacks are getting more and more shallow.. so our uptrend might lose steam, unless we see SM come up with something.. ( a mega shakeout?)
  • #14,125
  • Feb 25, 2011 3:38am Feb 25, 2011 3:38am
GBP GDP came out...worse than expected...

GBPRevised GDP q/q -0.6%

An interesting point about GU compared to EU during this week was that EU's range was almost 300 pip, but GU's range has only been some 190 pip and very choppy...don't know what to make out of that...
  • #14,126
  • Feb 25, 2011 3:38am Feb 25, 2011 3:38am
EU M15 has printed a SO on less volume than the previous 4 bars and the M30 has printed an up bar on less volume than the previous 2 bars. Maybe less interest in higher prices just yet. We should see what the next few bars tell us.
  • #14,127
  • Feb 25, 2011 3:40am Feb 25, 2011 3:40am
Quoting willkohsg
btw guys, here's something i saw in another thread... it's not exactly based on VSA but more on price action..

but just offering another viewpoint..



seems the pullbacks are getting more and more shallow.. so our uptrend might lose steam, unless we see SM come up with something.. ( a mega shakeout?)
Show me. Where is it losing steam.

I do agree it is choppy right now but strength is still there. Look hourly for example.
  • #14,128
  • Feb 25, 2011 3:48am Feb 25, 2011 3:48am
Hi all,
is anyone here using MT4 broker offering E mini... and currency futures?..

and anyone knows how to 'turn off' the weekend Daily bar on mt4, so that it doesn't show on my chart?


sorry for the noob question... but can anyone help on these?
  • #14,129
  • Feb 25, 2011 3:53am Feb 25, 2011 3:53am
Quoting Mtm
Hi all,
is anyone here using MT4 broker offering E mini... and currency futures?..

and anyone knows how to 'turn off' the weekend Daily bar on mt4, so that it doesn't show on my chart?


sorry for the noob question... but can anyone help on these?

Im not sure you can turn off the weekend bar... just depends on your broker
  • #14,130
  • Feb 25, 2011 4:04am Feb 25, 2011 4:04am
Quoting 1pipperhour
Show me. Where is it losing steam.

I do agree it is choppy right now but strength is still there. Look hourly for example.
oh oh dont get me wrong, i said MIGHT lose steam
( still not 100% convinced tt's why i'm throwing it to the floor to see if u guys who're more experienced can tell me otherwise n point me to some stuff i've overlooked or not even know before )

i'm just offering another view and see what we can make of it..

1) can we validate it using VSA? or
2) or does VSA and volumes tell us otherwise?

i'm just leaving it open-ended so we can use VSA to discuss otherwise or rebunk the idea that the uptrend is losing steam..

end of the day i will still stick to wat VSA tells me and follow what the SM does with the trail they leave behind..
  • #14,131
  • Feb 25, 2011 4:09am Feb 25, 2011 4:09am
Quoting 1pipperhour
Show me. Where is it losing steam.

I do agree it is choppy right now but strength is still there. Look hourly for example.

OK, looking at EU hourly. Losing steam or gaining steam.....what do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 121 KB
  • #14,132
  • Feb 25, 2011 4:12am Feb 25, 2011 4:12am
Anyone watching GU? in trigger area
  • #14,133
  • Feb 25, 2011 4:16am Feb 25, 2011 4:16am
Quoting NaughtyPip
Anyone watching GU? in trigger area
A 15 minute NS would be nice!
  • #14,134
  • Feb 25, 2011 4:19am Feb 25, 2011 4:19am
An EU short order at 1.3793 might not be a bad idea for a careful trade.
  • #14,135
  • Feb 25, 2011 4:22am Feb 25, 2011 4:22am
Quoting foxybunny
VSA is just one type of analysis tool, so may not be enough as you mentioned.
I think VSA is enough and it takes time to master it, one of Tom`s students said that it took 3 years and Gavin has known Tom 7-8 years and has sometimes losing trades, but to add something to VSA, I think Sam Seiden`s supply and demand-stuff is good, very good, and that takes too sometime to learn.
And with that trade what you took, price went sideways after that drop (and usually it will test low or atleast lower than that first NS, so I think you were too early), so that usually is not good sign and you could close that with small loss or small win.
  • #14,136
  • Feb 25, 2011 4:27am Feb 25, 2011 4:27am
Quoting Intel
A 15 minute NS would be nice!

Looks promising, im in already on the 5m..
  • #14,137
  • Feb 25, 2011 4:31am Feb 25, 2011 4:31am
Quoting NaughtyPip
Looks promising, im in already on the 5m..
LOL famous last words
  • #14,138
  • Feb 25, 2011 4:37am Feb 25, 2011 4:37am
Quoting NaughtyPip
LOL famous last words
Are you still in?
  • #14,139
  • Feb 25, 2011 4:41am Feb 25, 2011 4:41am
Quoting KinsaleForex
Are you still in?
nope, looking for possible re entry
  • #14,140
  • Feb 25, 2011 4:43am Feb 25, 2011 4:43am
Quoting Intel
OK, looking at EU hourly. Losing steam or gaining steam.....what do you guys think?
fxcm volume doesn't look like that.
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