vsa with Malcolm | Page 730 | 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

  • #14,581
  • Mar 1, 2011 6:05pm Mar 1, 2011 6:05pm
Nothing to do with VSA here, but this is why I love TLs. This one is on my previous chart, and you can count on Asia to bounce off a well & properly placed TL.

Unfortunately, I was just out the door and did not take this 1-2-3-let's-sell TL bounce. When I do, one can set a 2-3 SL (with an exact hit manual entry), go in higher risk, and start scaling out at 6/8/10+ pips, and do further scale outs until your psychology is OK with letting the rest run, or, cut it at a bounce, like the one we've just seen at NY's low - great reason to love Asia trading IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_185424.png Size: 19 KB
  • #14,582
  • Mar 1, 2011 6:11pm Mar 1, 2011 6:11pm
Quoting malcolmb14
daily I look for a break below the close ( in this case) then look for an up move on say a 30 min chart with an upthrust or a no demand for entry
Ah thanks, I think I got you.
  • #14,583
  • Mar 1, 2011 7:36pm Mar 1, 2011 7:36pm
[quote=popo;4438419]hello malcolm, intel and all other trader cand any one can change Better 1.Volume On Chart 1 1.4,mq4 2.Better Volume On Chart 2 1.4 3.Better Volume On 1.4.mq4 3.hull ma.mq4 in to mq5 then i can use mt5 to check in 2H TF 8TH AND 10MIN TF, Thank you[/QUOTE

please any body can make it?
  • #14,584
  • Mar 1, 2011 9:36pm Mar 1, 2011 9:36pm
Quoting Beljevina
Am expecting Asia to continue, and looking for 1.3725 test (prev day low) after 1.375 fails, with 1.37 as pretty good support. Below that 1.3650/3630 had strong bids.
Lovely Asia PA. 1.375 arrived - going long swing here on clear stopping volume - completely BE on this one, or scaling out starting at ~20 pips - sellers still likely to be whacking this from even the smallest rise. This might be the low before Frankfurt gets to their desks in 2.5hrs. Time for some shuteye.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_222917.png Size: 32 KB
  • #14,585
  • Mar 1, 2011 9:46pm Mar 1, 2011 9:46pm
Quoting Beljevina
Lovely Asia PA. 1.375 arrived - going long swing here on clear stopping volume - completely BE on this one, or scaling out starting at ~20 pips - sellers still likely to be whacking this from even the smallest rise. This might be the low before Frankfurt gets to their desks in 2.5hrs. Time for some shuteye.
Like this trade and am long myself, added at 3755.
  • #14,586
  • Edited Mar 2, 2011 1:16am Mar 1, 2011 9:47pm | Edited Mar 2, 2011 1:16am
Quoting malcolmb14
daily I look for a break below the close ( in this case) then look for an up move on say a 30 min chart with an upthrust or a no demand for entry
Hi Mal , i was thinking about your statement on "break below the close"... would it be not advisable to short it yet if the following bar is a nd.. and it didnt break the close yet (assuming we have already seen weakness in the background)?

would "break below the close" and 'break below the low' of the bar have the same effect here?

how would it make a difference to your decision to enter if the nd is positioned :
1) slightly above the high of the pin bar
2) above the close of the pin bar not below the high
3) within the body of the pinbar
4) below the close of the pin bar?
(or the positioning doesn't matter at all as long as the nd appears somewhere around same level as the pinbar?)

---> Thanks for the charts in post #14591 .
  • #14,587
  • Mar 1, 2011 11:13pm Mar 1, 2011 11:13pm
Quoting Sonofsin5
Like this trade and am long myself, added at 3755.
Well, well, well, will you look at that algo attack - everything flowing nicely in EU, and then the last 3 minutes of the hour produces that wide spread bear bar, while GU retests the previous low, but USDxxx stays stationary.

I find it doesn't always mean lower prices to come (ie., double bar reversal) but frequently does signal algo/trader intent.

I got in 1.3749, took some single digit scale outs, and then BE got me - don't have the stomach for it and I hate drawdown. Made the decision based on the current bearish looking PA. Will look for long entries later, but for now, still have some shorts. Not sure GU should be looked at until 1.62.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-02_000310.png Size: 41 KB
  • #14,588
  • Mar 1, 2011 11:47pm Mar 1, 2011 11:47pm
small time frame the picture is not often clear

larger time frame picture clear as day.

Who the hell would buy into this ?

Attached Image (click to enlarge)
Click to Enlarge Name: eu 120.jpg Size: 198 KB
Blogging daily now at www.volume.zone
  • #14,589
  • Mar 1, 2011 11:56pm Mar 1, 2011 11:56pm
daily ut right at critical 133 support area

Attached Image (click to enlarge)
Click to Enlarge Name: eu213.png Size: 208 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu214.png Size: 183 KB






Quoting Mtm
Hi Mal , i was thinking about your statement on "break below the close"... would it be not advisable to short it yet if the following bar is a nd.. and it didnt break the close yet (assuming we have already seen weakness in the background)?

would "break below the close" and 'break below the low' of the bar have the same effect here?

how would it make a difference to your decision to enter if the nd is positioned :
1) slightly above the high of the pin bar...
Blogging daily now at www.volume.zone
  • #14,590
  • Edited Mar 2, 2011 12:09am Mar 1, 2011 11:57pm | Edited Mar 2, 2011 12:09am
Quoting malcolmb14
small time frame the picture is not often clear

larger time frame picture clear as day.

Who the hell would buy into this ?

Attachment
Hi Malcolmb,
do you mean that Eu is heading lower?

could u explain the charts a bit? thanks
I see a high volume down bar on H2 from your charts
highest volume of the week so far

EDIT:
thanks malcolmb for your explaination
maybe we might get a shakeout to 1.3680 levels during london.
  • #14,591
  • Mar 2, 2011 12:07am Mar 2, 2011 12:07am
that was supply hitting the market. we have support 1.3750 and resistance 1.3780. i will be watching these areas closely next session. On a daily we have had one day down off tops , we could get one more day into 1.3680 area.

12 hour candles have large wick last 2 days indicating supply sitting on 1.3830 area , this has to be dried up . would be handy to drive market in to 1.3680 before eur rates Thursday

Looks for any moves up and signs of weakness in the 1,3780 area in london

Attached Image (click to enlarge)
Click to Enlarge Name: eu215.png Size: 202 KB






Quoting willkohsg
Hi Malcolmb,
do you mean that Eu is heading lower?

could u explain the charts a bit? thanks
I see a high volume down bar on H2 from your charts
highest volume of the week so far
Blogging daily now at www.volume.zone
  • #14,592
  • Mar 2, 2011 12:24am Mar 2, 2011 12:24am
Quoting Beljevina
Well, well, well, will you look at that algo attack - everything flowing nicely in EU, and then the last 3 minutes of the hour produces that wide spread bear bar, while GU retests the previous low, but USDxxx stays stationary.

I find it doesn't always mean lower prices to come (ie., double bar reversal) but frequently does signal algo/trader intent.

I got in 1.3749, took some single digit scale outs, and then BE got me - don't have the stomach for it and I hate drawdown. Made the decision based on the current bearish looking PA. Will...
What makes you think there are algo traders here....what gives it away?
  • #14,593
  • Mar 2, 2011 12:50am Mar 2, 2011 12:50am
Quoting Intel
What makes you think there are algo traders here....what gives it away?
The whole hour progressed/progresses nicely and then in the last 3 minutes it literally gets whacked by selling, driving the volume down the entire progression of the past hour's PA. Yes, there was a ND there, but the move down just seems way too program driven; I don't recall PA like that 2-3 years ago, although I wasn't a big EU trader then. Just seems very black box/algo based - it doesn't seem in step with the majority of the previous PA, seems very forced, and at a time of day where the pace is/was very different.
  • #14,594
  • Mar 2, 2011 1:04am Mar 2, 2011 1:04am
I have my sell limit on 3790 & looking for X for target, within ADR

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_22 Mar. 02 15.07.gif Size: 22 KB
  • #14,595
  • Edited 4:19am Mar 2, 2011 1:18am | Edited 4:19am
Just want to share this information with you guys
http://blog.forexfactory.com
  • #14,596
  • Mar 2, 2011 1:35am Mar 2, 2011 1:35am
Quoting Beljevina
The whole hour progressed/progresses nicely and then in the last 3 minutes it literally gets whacked by selling, driving the volume down the entire progression of the past hour's PA. Yes, there was a ND there, but the move down just seems way too program driven; I don't recall PA like that 2-3 years ago, although I wasn't a big EU trader then. Just seems very black box/algo based - it doesn't seem in step with the majority of the previous PA, seems very forced, and at a time of day where the pace is/was very different.
Ok thanks for that.
  • #14,597
  • Mar 2, 2011 2:24am Mar 2, 2011 2:24am
Quoting kave
I have my sell limit on 3790 & looking for X for target, within ADR

Attachment
Isn't it a little bit too high? I mean .3790 could be a break out already. I have a resistance line @3783 area.

Edit: actually I don't think shorting is good idea at the moment. If, then only for few pips. We are at the lower line of channel which is still nicely rejected.
  • #14,598
  • Mar 2, 2011 2:45am Mar 2, 2011 2:45am
Quoting 1pipperhour
Isn't it a little bit too high? I mean .3790 could be a break out already. I have a resistance line @3783 area.

Edit: actually I don't think shorting is good idea at the moment. If, then only for few pips. We are at the lower line of channel which is still nicely rejected.

Yeah around 3790 down to 3780 that i will be watching also, my sell limit is set slightly higher only but is on the trigger. If it break up even better, i be expecting a trap upmove anyway. Tks for your comment.
  • #14,599
  • Mar 2, 2011 3:06am Mar 2, 2011 3:06am
Quoting kave
Yeah around 3790 down to 3780 that i will be watching also, my sell limit is set slightly higher only but is on the trigger. If it break up even better, i be expecting a trap upmove anyway. Tks for your comment.
Watching those two last candles of hourly and I would not go short.
  • #14,600
  • Mar 2, 2011 3:19am Mar 2, 2011 3:19am
Quoting 1pipperhour
Watching those two last candles of hourly and I would not go short.
Close of the highs & increase volume, those are potential hidden selling bars. Even more so when approaching key resistance.

are u referring these 2?

Attached Image
12 traders viewing now