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vsa with Malcolm

  • #14,501
  • Mar 1, 2011 10:10am Mar 1, 2011 10:10am
Quoting Sonofsin5
9730, when I stated a high volume push I should have been more clear. If you look at the 15 min you see we have had a push on high volume into 9755 ish. Now a drop back into the area of launch which is the 9730 area. A 5 min chart shows this well.
There's your 5min NS..
  • #14,502
  • Mar 1, 2011 10:10am Mar 1, 2011 10:10am
Does anyone trade 2 bar reversals / 2 bar shake outs? Does one still need to wait for a test or ND/NS after the 2 bar reversal or does another upbar in uptrend or downbar in uptrend suffice for entry?
Today's zone = Tomorrow's opportunity!
  • #14,503
  • Mar 1, 2011 10:14am Mar 1, 2011 10:14am
Quoting Beljevina
Lots'o'selling in that USDJPY - I'd decided to not participate given the Ben factor - wrong move obviously.

Yet, I'm remembering the 3x greater USDJPY longers article over at forexlive. But, algos + others are simply selling this beast.
I am still figuring out how to read USD/JPY using VSA, more correctly how to just read USD/JPY.
This is not in my currency basket, I do prefer EUR/JPY.

Let me know when you can read USD/JPY.
  • #14,504
  • Mar 1, 2011 10:19am Mar 1, 2011 10:19am
Quoting pres78
GU still has buyers at that 6250 level which has not been cracked today. IMHO I wouldn't take anything short until we get below that point...
Indeed it does http://www.forexfactory.com/images/icons/icon12.gif


Yesterday's POC level of 6253 has now held six times and since the Frankfurt Open these three trades have offered ~200 gross pips.....

As todays DR is only 76 pips vs the 10 ADR of 140, I'm holding part of this last buy open in case we get a further push up into the European close......TWT
Attached Image (click to enlarge)
Click to Enlarge Name: mar 1 gu 15m 1600 gmt.gif Size: 37 KB
Trading Levels with WRBs
  • #14,505
  • Edited 10:35am Mar 1, 2011 10:22am | Edited 10:35am
Maybe its just me, but I think I'm seeing weakness in the 6EH1.

Edit: Bar A might better be called a hidden up thrust or an effort to move price down. Either way the only way to put prices down is to sell them.
**************
2nd Edit: Add DXH1 60M chart showing multiple UT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6EH1_30M_Weakness Coming In_030111.png Size: 22 KB
Click to Enlarge Name: DXH1_60M_Up Thrusts_030111.png Size: 22 KB
  • #14,506
  • Mar 1, 2011 10:27am Mar 1, 2011 10:27am
I see the light at the end of the tunnel.
Attached Image (click to enlarge)
Click to Enlarge Name: EU H1.jpg Size: 123 KB
  • #14,507
  • Mar 1, 2011 10:29am Mar 1, 2011 10:29am
Quoting polomine
gbp/usd m3 scalping for 20 pips...
these indicators are great, but what do the volume colours mean?
  • #14,508
  • Mar 1, 2011 10:30am Mar 1, 2011 10:30am
Quoting Islander
Indeed it does http://www.forexfactory.com/images/icons/icon12.gif


Yesterday's POC level of 6253 has now held six times and since the Frankfurt Open these three trades have offered ~200 gross pips.....

As todays DR is only 76 pips vs the 10 ADR of 140, I'm holding part of this last buy open in case we get a further push up into the European close......TWT
GU daily high could be tough nut to crack since it is the highest high we've seen since Jan 2010... If it's pushes through it should be on high volume and I would then want to see a test or NS back in this area.
Today's zone = Tomorrow's opportunity!
  • #14,509
  • Mar 1, 2011 10:31am Mar 1, 2011 10:31am
Quoting KinsaleForex
There's your 5min NS..
There was a test followed by ns right on the money (5min), next two bars up on increasing volume. Brilliant. O yeah, vsa doesn't work though, and there is no volume in Forex.
  • #14,510
  • Mar 1, 2011 10:41am Mar 1, 2011 10:41am
EUR/USD M5, not my favorite timeframe, but big moves need to see more in detail.

EUR/USD ranging between 1.3786 and 1.3854, very Balance area and critical.
Ben Bernake spoke and move it down by around 60pips.

Will price break today or just hanging on balance until this Fri NFP!

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_VSA_EURUSD_M5_BenBernake_Spoke.png Size: 59 KB
  • #14,511
  • Mar 1, 2011 10:42am Mar 1, 2011 10:42am
Hi guys,
i spot a NS bar on last m15 candle. current m15 candle is up.
will watch for volume, keep watch and
once candle breaks 1.3832 will attempt a safe long.

chart 1 M15 NS bar spotted

chart 2 M10 2 consecutive NS bars spotted.

feel free to comment and point out if i made any mistakes.
still new to VSA and always open for advice
Attached Images
  • #14,512
  • Mar 1, 2011 10:46am Mar 1, 2011 10:46am
Quoting willkohsg
Hi guys,
i spot a NS bar on last m15 candle. current m15 candle is up.
will watch for volume, keep watch and
once candle breaks 1.3832 will attempt a safe long.

chart 1 M15 NS bar spotted

chart 2 M10 2 consecutive NS bars spotted.
Hi Willko,

I think the spread of the bars that you have highlighted are far too wide to be considered a No Supply. Generally speaking it should be a narrow spread/range.

In fact on the second chart, the first bar you've highlighted is an upthrust and this is a sign of weakness.
  • #14,513
  • Mar 1, 2011 10:46am Mar 1, 2011 10:46am
Quoting willkohsg
Hi guys,
i spot a NS bar on last m15 candle. current m15 candle is up.
will watch for volume, keep watch and
once candle breaks 1.3832 will attempt a safe long.

chart 1 M15 NS bar spotted

chart 2 M10 2 consecutive NS bars spotted.
IMHO that 15min bar you have maked is way too wide of spread and closes too low to be a NS... no selling pressure perhaps. Someone can correct me if I am wrong.
Today's zone = Tomorrow's opportunity!
  • #14,514
  • Mar 1, 2011 10:51am Mar 1, 2011 10:51am
sorry about the mistake.

thanks for pointing it out

will learn from ur advice, taking down notes whenever you guys feedback

thanks again Liam and pres78
  • #14,515
  • Mar 1, 2011 10:53am Mar 1, 2011 10:53am
Quoting Sonofsin5
There was a test followed by ns right on the money (5min), next two bars up on increasing volume. Brilliant. O yeah, vsa doesn't work though, and there is no volume in Forex.
You're short then?

  • #14,516
  • Mar 1, 2011 11:22am Mar 1, 2011 11:22am
Quoting pres78
GU daily high could be tough nut to crack since it is the highest high we've seen since Jan 2010... If it's pushes through it should be on high volume and I would then want to see a test or NS back in this area.
Whilst I totally agree that moving above todays new high for 2011 at 6327 will be tough, its actually just above the November 2010 high.

The 2010 high was on January 19th in a daily doji at 6450 as I posted elsewhere this morning

http://www.forexfactory.com/showpost...postcount=6401

I did close when the PA made it obvious that a further spike up wasnt going to happen into Europe's close.

Now, after two 15m lower volume dojis around the highs, price has pulled back inside the value area shown on my chart and I'm heading for a SunDowner.....
Trading Levels with WRBs
  • #14,517
  • Mar 1, 2011 11:28am Mar 1, 2011 11:28am
Quoting Islander
Whilst I totally agree that moving above todays new high for 2011 at 6327 will be tough, its actually just above the November 2010 high.

The 2010 high was on January 19th in a daily doji at 6450 as I posted elsewhere this morning

http://www.forexfactory.com/showpost...postcount=6401

I did close when the PA made it obvious that a further spike up wasnt going to happen into Europe's close.

Now, after two 15m lower volume dojis around the highs, price has pulled back inside the value area shown on my chart and I'm...
Agreed but both in Jan and Oct 2010 when we hit (or came close) to this level we followed up with a 2000+ pip and 1000+ pip drop respectively. Just a touchy area IMHO.
Today's zone = Tomorrow's opportunity!
  • #14,518
  • Mar 1, 2011 12:03pm Mar 1, 2011 12:03pm
Quoting pres78
Does anyone trade 2 bar reversals / 2 bar shake outs? Does one still need to wait for a test or ND/NS after the 2 bar reversal or does another upbar in uptrend or downbar in uptrend suffice for entry?
Consider them the same as a SO or UT.

  • #14,519
  • Mar 1, 2011 12:05pm Mar 1, 2011 12:05pm
Quoting Intel
Consider them the same as a SO or UT.

That's what I thought so thanks for confirming...
Today's zone = Tomorrow's opportunity!
  • #14,520
  • Mar 1, 2011 12:08pm Mar 1, 2011 12:08pm
Quoting Islander
Whilst I totally agree that moving above todays new high for 2011 at 6327 will be tough, its actually just above the November 2010 high.

The 2010 high was on January 19th in a daily doji at 6450 as I posted elsewhere this morning

http://www.forexfactory.com/showpost...postcount=6401

I did close when the PA made it obvious that a further spike up wasnt going to happen into Europe's close.

Now, after two 15m lower volume dojis around the highs, price has pulled back inside the value area shown on my chart and I'm...
Hey good to see you back. Don't stay away for so long!!
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