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vsa with Malcolm

  • #14,401
  • Feb 28, 2011 7:23pm Feb 28, 2011 7:23pm
lets see ...

you bear ...here we go was your last comment.

me waffle move to 1.3680 area and then up ...did not even get there . i bought 1.3757 tp 1.3840

How the hell you make 120 pip against me ?

Get the story straight.

You are welcome to post , but post something of use. Like the trade before it happens , or at least your thoughts. It would be appreciated by all.

This thread was not developed for ' hey I have bear bias but I make 120 pip of a 130 pip move on a bull move and i made all that and posted after the fact ' kind of traders.

Quoting X.Oden
Well I wasn't trying to stir anything up but I kinda feel like I'm being attacked for merely posting that I made pips against malcolms calls. I just don't get it I guess. I thought these forums were here to help folks make money. Oh well.
Blogging daily now at www.volume.zone
  • #14,402
  • Feb 28, 2011 7:26pm Feb 28, 2011 7:26pm
http://www.forexfactory.com/showthre...44#post4432044

that was your last analysis.

If you read that post it was in response to me posting a test bar on Friday.

I did not see a chart sorry if i missed it.

I guess if you sold 1,3850 area and hit 1.3780 good for you , but so far the move of week is up

Quoting X.Oden
Uh I did post a chart. But I guess folks here think it's not possible to make anything in fx? What is everyones problem? Go back and look at my charts
Sheesh. You guys are sad. Guess no ones used to making much around here.
Blogging daily now at www.volume.zone
  • #14,403
  • Feb 28, 2011 7:31pm Feb 28, 2011 7:31pm
http://www.forexfactory.com/showthre...44#post4432044

oh this chart with an average sell of 1.3750 ?

so now explain how you made 120 pip off that trade when low printed pre asia yesterday was 1.3710

When i say I made 80 I mean i made 80 pip x position size.

Anyway as i said you are welcome to post, but please post a chart and no bullshit after saying you made 120 pip when you were clearly in a sell and the move of the day has been up.

if you get stopped you get stopped nothing to be ashamed of.



Quoting X.Oden
Here's my chart....
Blogging daily now at www.volume.zone
  • #14,404
  • Feb 28, 2011 8:00pm Feb 28, 2011 8:00pm
Quoting taomql4
i dunno, maybe Magix can add more ....I like to follow people..
Bout the only thing I would add and specifically based not so much on your charts but more so on your trade...

You seem to have arrived at the bull party a little late...you have the ability to create a profitable strategy based on your chart ability...now, ya just have to learn when to take profit.

Do not get sucked into the thousands of pip gains bullshit like so many others tout. Walking out of a trade with 1 pip beats the hell out of a loss or holding a position that sucks. When volume starts to flood in, thats when you should be making your decisions on trades and target ranges, not holding a solid profit as it whittles down to zilch.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,405
  • Feb 28, 2011 8:00pm Feb 28, 2011 8:00pm
Is there any indicator for MT4 which can show me 12H and 8H TFs? If anyone has it, I appreciate it if you could share it.
  • #14,406
  • Feb 28, 2011 8:04pm Feb 28, 2011 8:04pm
Quoting Fusion
Is there any indicator for MT4 which can show me 12H and 8H TFs? If anyone has it, I appreciate it if you could share it.
I havn't heard of one; I know paid for programs like esignal and seirra let you have custom time frames. If there is a currency pair in specific you want just ask in the thread and I'm sure one of us can post a chart.
  • #14,407
  • Feb 28, 2011 8:13pm Feb 28, 2011 8:13pm
Quoting Magix
Bout the only thing I would add and specifically based not so much on your charts but more so on your trade...

You seem to have arrived at the bull party a little late...you have the ability to create a profitable strategy based on your chart ability...now, ya just have to learn when to take profit.

Do not get sucked into the thousands of pip gains bullshit like so many others tout....
- Did that already , am just dipping now . Just Buying The Retracement ...

Geez , Magix- This must be the Nice side malcolmb was talking about ..lol

Thanks for the advice ...
  • #14,408
  • Feb 28, 2011 8:22pm Feb 28, 2011 8:22pm
Quoting Fusion
Is there any indicator for MT4 which can show me 12H and 8H TFs? If anyone has it, I appreciate it if you could share it.
In the attatchments top right corner of thread there is an indicator called period converter opt. Check out the post it word better than the one on mt4 platform
  • #14,409
  • Feb 28, 2011 8:25pm Feb 28, 2011 8:25pm
it's only asian time but a test of the feb high, and the rolling 12 month high,(horizontal lines) on low volume (relative).... and a 2bar reversal....not my favourite time zone to trade but looking for a ND sometime hopefully when FF comes in unless my analysis has missed something...
Attached Image (click to enlarge)
Click to Enlarge Name: mar01 gbpusd vsa.gif Size: 25 KB
Catching a falling knife, no, I'm just trading the Gartley!
  • #14,410
  • Feb 28, 2011 8:26pm Feb 28, 2011 8:26pm
Quoting Fusion
Is there any indicator for MT4 which can show me 12H and 8H TFs? If anyone has it, I appreciate it if you could share it.
You can go to:
http://www.forexfactory.com/showthread.php?t=206301

And search for "Period Converter" within Forex Factory to find other indicators.
  • #14,411
  • Feb 28, 2011 8:29pm Feb 28, 2011 8:29pm
Quoting ChinaWombat
it's only asian time but a test of the feb high, and the rolling 12 month high,(horizontal lines) on low volume (relative).... and a 2bar reversal....not my favourite time zone to trade but looking for a ND sometime hopefully when FF comes in unless my analysis has missed something...
Which bar is "ND" label on your chart ?

If in Asian session, a bit harder to tell as normally overall low vol.
  • #14,412
  • Feb 28, 2011 8:54pm Feb 28, 2011 8:54pm
EUR/USD continue from last post.

Action for Mon 28-Feb.
Action from 4th Box up to54th Box.


D1:
- See potential Long target at a longer timeframe at "SR Daily Zone" around 1.4210.
- See Daily Upcoming Resistance around 1.3800 to 1.3860.
- Wed 23-Feb, price continue up trend, approaching Daily Resistance 1.3825.
- The price Thu 24-Feb actually touched Daily Resistance of 1.3820, as expected.
- Now possible indecision or range around 1.3800 to 1.3860.
- Fri 25-Feb turned out as expected a Range day, but with lower prices, almost an inside day to Thu.
- Mon 28-Feb, in candlesticks, the body of last Thu, Fri and now Mon are all overlapping.
- Thes overlapping bodies are pressure building up. Waiting to explode either Up or Down. Based on 22-Feb Test, bias is still Long.


H1:
- Originally only drawn 1st Box to 4th Box. Now drawing further boxes with same idea.
- May need to re-adjust the 5th and 6th box due to the Daily Resistance of 1.3820. Just wait for the box to develop.
- The Black Lines for Boxes were previously drawn, just extended only without changing much on the price.
- Mon 28-Feb, price bounce at 5th Box Low for a low vol NS for Ideal Long 1.3795.


M15:
- Originally only drawn 1st Box to 4th Box. Now drawing further boxes with same idea.
- May need to re-adjust the 5th and 6th box due to the Daily Resistance of 1.3820. Just wait for the box to develop.
- All the long horizontal lines were previously drawn, just extended only without changing much on the price.
- 4th Box was around 80pips.
- Mon 28-Feb, price went from 4th Box Low into 5th Box.
- There was a price bounce of 1.3711 that was closest to the 4th Box Low for a Possible Long. This was within possible zone of 1.3680 to 1.3712 for the reaction. But no clear VSA signal as overall low vol due to early Asian. It turned out to be the best time to have gone in Long for the day though.
- During London, there was a Push Up Through Supply for a Possible Long around 1.3797.
- During late US, there were like 5 price bars that test the 5th Box Low as well as same low of recent "Push Up Through Supply". This area was a Possible Long around 1.3792. Again no clear VSA signal due to overall low vol in late US.
- Waiting for possible future bounce areas: 5th Box Low around 1.3784, low of "Push Up Through Supply" around 1.3796, and Long Tail Up Bar just before the Push Up at the Low around 1.3759.


Price is progressing nicely up through the Box Stages for now.


For Weakness, I be looking for H1 telling the Weakness of UpThrust to nowhere, increasing prices with low volume during busy sessions, or the new boxes width suddenly increasing or decreasing by a big margin.
It could still range for a while.

For confirming Strength, waiting for some ShakeOut, Test Low on some support, Reversal Bars, or lower prices associated with lower volume in busy sessions.


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-28_VSA_EURUSD_D1_Expectation.png Size: 69 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-28_VSA_EURUSD_H1_Expectation.png Size: 74 KB


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  • #14,413
  • Feb 28, 2011 9:52pm Feb 28, 2011 9:52pm
Quoting foxybunny
Which bar is "ND" label on your chart ?

If in Asian session, a bit harder to tell as normally overall low vol.
no bar is labelled ND, i just mentioned I'll be looking for one, though Asian session does give false signals due to lack of players, so expecting it to come around FO or LO. However if we push up on volume above this mornings highs in London then will be looking for NS bar
Catching a falling knife, no, I'm just trading the Gartley!
  • #14,414
  • Feb 28, 2011 10:12pm Feb 28, 2011 10:12pm
1 pip better than kick up arse for sure...

awesome post

Quoting Magix
Bout the only thing I would add and specifically based not so much on your charts but more so on your trade...

You seem to have arrived at the bull party a little late...you have the ability to create a profitable strategy based on your chart ability...now, ya just have to learn when to take profit.

Do not get sucked into the thousands of pip gains bullshit like so many others tout. Walking out of a trade with 1 pip beats the hell out of a loss or holding a position that sucks....
Blogging daily now at www.volume.zone
  • #14,415
  • Feb 28, 2011 10:40pm Feb 28, 2011 10:40pm
definate supply at 1.3850 but this is to be expected as this is a major s/r level

On the down move this morning we had a wide spread down bar with ultrahigh vol closing at 1.3812

Above that we have 1.3830 point of control for today's london and us session ( my day runs london to london)

I think they are just trying to dry up supply in the 1,3850 area , why ? well due to the test bar we saw on Friday of last week on the 12 hour.

Ideal entry is above the close of the widespread down bar with a 1.3920 potential target.

There is a lot of resistance overhead , so this trade maybe dicey as that supply has to be absorbed for the pros to move prices higher with ease.

If 1.3750 is broken to down side then long bets are off , that is my line in the sand

Attached Image (click to enlarge)
Click to Enlarge Name: eu211.png Size: 180 KB
Blogging daily now at www.volume.zone
  • #14,416
  • Edited 11:39pm Feb 28, 2011 10:40pm | Edited 11:39pm
Quoting Fusion
Is there any indicator for MT4 which can show me 12H and 8H TFs? If anyone has it, I appreciate it if you could share it.
Hello: attached is an indicator that produces off line charts that are multiples of that to which the indicator is attached. Set the input parameter to your desired multiple and attach to chart. Then open new chart in offline mode. It works good so long as base chart is kept open.

Best Wishes for Big Profits.

**************************
The 6E 60M charts shows a bullish pennant setting up for an upside breakout. This then means there will be many stops below the market. Consequently the big bank traders will be gunning for easy money by fostering a shakeout/reverse upthrust prior to a 6-8 hour effort to move up to 1.3870 to trigger bullish trader's buy stops before stepping rate down back into range 1.3850-1.3800 for tomorrow's Asian consolidation range where a new bunch of stops will be placed.
Attached Image (click to enlarge)
Click to Enlarge Name: 6EH1_60M_022811.PNG Size: 63 KB
Attached File(s)
File Type: mq4 Period_Converter_Opt.mq4   15 KB | 289 downloads
  • #14,417
  • Feb 28, 2011 10:51pm Feb 28, 2011 10:51pm
Quoting malcolmb14

Ideal entry is above the close of the widespread down bar with a 1.3920 potential target.


If 1.3750 is broken to down side then long bets are off , that is my line in the sand

Attachment
Wow malc, I actually see the same levels as you

http://www.forexfactory.com/showpost...&postcount=652

no mention of 3750 specifically in my post, but it is the value area high for the last 2 weeks, and if it doesn't hold then the value area low (~3500) is a potential target.
Change is the only constant
  • #14,418
  • Mar 1, 2011 1:06am Mar 1, 2011 1:06am
An interesting chart; 8 hour chart starting at 06.00 GMT every day. The first 2 bars therefore cover the European/London and US session, where the 3rd covers Australia and Asia.

Whilst there is some selling on the up bar from yesterday, it's not as high as previous bars. I agree that as we're reaching a previous top we'd expect to see supply but I'm not seeing as much as expected - already shaken out?

There is a fair bit of support below, so I'm still bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: eur 24h 0600 8h.jpg Size: 176 KB
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  • #14,419
  • Mar 1, 2011 2:10am Mar 1, 2011 2:10am
Pre-London Open and we saw price moved down to beyond 1.3800 for a shakeout, went to as low as 1.3785

price had 2 high volume wide spread down candles during pre-london and
we saw a reversal up bar on lower volume just before london open.

right now to enter long we should belooking for a test,
a red candle in london session with no supply/low volume
for long entry

could the more experienced VSA traders comment on whether this setup is correct or not ? thanks a lot it will help me learn
Attached Image
  • #14,420
  • Mar 1, 2011 2:26am Mar 1, 2011 2:26am
Quoting Magix
..........
Do not get sucked into the thousands of pip gains bullshit like so many others tout. Walking out of a trade with 1 pip beats the hell out of a loss or holding a position that sucks. When volume starts to flood in, thats when you should be making your decisions on trades and target ranges, not holding a solid profit as it whittles down to zilch.
At last.....something we agree on. I knew we'd get there eventually .

Good man, great post.
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