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vsa with Malcolm

  • #14,681
  • Mar 2, 2011 4:13pm Mar 2, 2011 4:13pm
YOu only get some where trading last weeks charts when you have a macd on them lol ...

good luck in your vsa learning journey. it takes work but the desitnation is worth it.

I guess this week is not over yet but according to one guy this week was supposed to be down ,

Nice how the test bar on 12 hour worked last friday and so far this week that low has not been broken . i though i owuld get awesome long entry 1,3680 last night in london but did not happen. Took a 1.3820 trade today after stopping volume on a 15 min off vwap.

Quoting pipon
Hi, just joined FF -
have been reading this thread (parts of it...)for some weeks now...
Im trading forex for a year now, but did not use VSA so far.... I have much to lean and I want to start by saying THANKS to all of you and especilly Malcolm that started it !!

looking forward to lean the ART of VSA and hope you will fogive some noobs questions every now and then


P.S - also thanks too ALL members thats post what thay see before the trade starts ( yes, Im also an expert on trading last weeks charts... but it doesn't get...
Blogging daily now at www.volume.zone
  • #14,682
  • Mar 2, 2011 5:32pm Mar 2, 2011 5:32pm
OK time for predictions

I've posted up the daily chart with adjusted volumes (shifted left one day and todays volume is obviously unknown at present) and the 2 hour chart. I've highlighted that we've pushed through the previous recent high (the horizontal black line) but now we need to ensure it's not a false breakout. There is definitely still supply here but it appears that the SM is bullish enough to absorb it.

I'd be looking for the the UVA of the last few days (around 1.3850) to be tested and look for longs around here. If the UVA is broken then I'm looking for testing approaching the POC (around 1.38). If the POC is broken, then I'd consider there is still too much supply around which needs to be shaken out.

If price continues upwards, then I'd be looking for no supply / tests on the upmove to go long ONLY if we see no further signs of supply.

Personally I wouldn't feel comfortable shorting right now, for there are too many signs of strength. We may see a retrace as I described but only a break of 1.38 or even 1.375, with price retracing back up afterwards and no demands or upthrusts appearing would tempt me to short.

Jumping back to the daily, and assuming we continue our move north, I've highlighted in red horizontal lines IMHO the key levels. Looking at the volume on those days (the vertical black bars on the left side of the daily chart) however and they're certainly not high. They are however higher than the last few days. It appears there is no 'major' resistance before 1.42, even it if takes us a few weeks to get there.
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Blogging daily now at www.volume.zone
  • #14,683
  • Mar 2, 2011 6:00pm Mar 2, 2011 6:00pm
Quoting Steve Gill
OK time for predictions


Personally I wouldn't feel comfortable shorting right now, for there are too many signs of strength. We may see a retrace as I described but only a break of 1.38 or even 1.375, with price retracing back up afterwards and no demands or upthrusts appearing would tempt me to short.

Jumping back to the daily, and assuming we continue our move north, I've highlighted in red horizontal lines IMHO the key levels. Looking at the volume on those days (the vertical black bars on the left side of the daily chart) however...
Tomorrow is make or break time as far as I am concerned. Is it coincidental that we take out the months high the day before the ECB and Trichet? I think
not
  • #14,684
  • Mar 2, 2011 6:19pm Mar 2, 2011 6:19pm
I have been just looking at volume and Gann (in order to keep things simple) for the past 10 days and every time on H1 and H4 and daily TF that we touch Gann at the respective TFs, we see a volume surge; Considering the fact that Gann in all of the previously mentioned TFs has stayed GREEN, I don't get why 63% of people are short (just take a look at this; it is insane: http://fxtrade.oanda.com/analysis/open-position-ratios)

I just added the latest daily test of Gann from which we bounced nicely.


Quoting malcolmb14
YOu only get some where trading last weeks charts when you have a macd on them lol ...

good luck in your vsa learning journey. it takes work but the desitnation is worth it.

I guess this week is not over yet but according to one guy this week was supposed to be down ,

Nice how the test bar on 12 hour worked last friday and so far this week that low has not been broken . i though i owuld get awesome long entry 1,3680 last night in london but did not happen. Took a 1.3820 trade today after stopping volume on a 15 min off vwap.
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  • #14,685
  • Mar 2, 2011 6:32pm Mar 2, 2011 6:32pm
Quoting Sonofsin5
Tomorrow is make or break time as far as I am concerned. Is it coincidental that we take out the months high the day before the ECB and Trichet? I think
not
Make or break what? I am posting another chart ...weekly TF ... even IF we go down from (in an unlikely scenario for say 300 pips) we will be hitting weekly Gann which is green now. Note that going down and staying down would be a very hard task since all of the previously cleared resistances have become support now...

My only concern (which I think I shouldn't bother with it now) if the compression of EMA's that we might get at weekly TF...
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  • #14,686
  • Mar 2, 2011 9:36pm Mar 2, 2011 9:36pm
Quoting Fusion
Make or break what? I am posting another chart ...weekly TF ... even IF we go down from (in an unlikely scenario for say 300 pips) we will be hitting weekly Gann which is green now. Note that going down and staying down would be a very hard task since all of the previously cleared resistances have become support now...

My only concern (which I think I shouldn't bother with it now) if the compression of EMA's that we might get at weekly TF...
You are being too hard to your eyes..
Take away t Gann lines..
Just plain chart with vol indicator will do..

Sonic
  • #14,687
  • Mar 2, 2011 10:54pm Mar 2, 2011 10:54pm
Quoting sonicdeejay
You are being too hard to your eyes..
Take away t Gann lines..
Just plain chart with vol indicator will do..
That's the dream. Getting in tune with the market(s) just looking at price bars and volume. Tell us more about how you got there.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #14,688
  • Mar 3, 2011 1:11am Mar 3, 2011 1:11am
Quoting Fusion
I don't get why 63% of people are short (just take a look at this; it is insane: http://fxtrade.oanda.com/analysis/open-position-ratios)
Its human nature for the herd to sell at what they believe to be the top - I used to be the same. I'm surprised its not higher to be honest.

I'll be amazed when we hit 1.42 if its not 80% or above.
Blogging daily now at www.volume.zone
  • #14,689
  • Mar 3, 2011 1:25am Mar 3, 2011 1:25am
H1 looks bull flagish. I think that previous 3 hours is a trap upmove. I wouldn't be surprised if we see shake out into channel's lower line which is in .3800-.3810 area. If .3850 breaks I'm sure we will see that. So no longs atm. I'm holding short from last evening @3886. But most likely stop at be will be hit.
  • #14,690
  • Mar 3, 2011 2:57am Mar 3, 2011 2:57am
Would anybody happen to know if there is a Better Volume and Paint bar indicator for the Infinity AT fututres platfrom.

Cheers.
hifx
  • #14,691
  • Mar 3, 2011 4:02am Mar 3, 2011 4:02am
I am long eurusd 1.3855
Work smart not hard
  • #14,692
  • Mar 3, 2011 4:04am Mar 3, 2011 4:04am
based on 10 min stoping volume..and 3 min test as an entry

SL bellowdaily pivot 1.3830
Work smart not hard
  • #14,693
  • Mar 3, 2011 4:04am Mar 3, 2011 4:04am
Quoting Fusion
I don't get why 63% of people are short

can't go up if everyone is long...

not sure if this is a low volume test bar but have taken the long plunge
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Catching a falling knife, no, I'm just trading the Gartley!
  • #14,694
  • Mar 3, 2011 4:16am Mar 3, 2011 4:16am
Quoting 1pipperhour
H1 looks bull flagish. I think that previous 3 hours is a trap upmove. I wouldn't be surprised if we see shake out into channel's lower line which is in .3800-.3810 area. If .3850 breaks I'm sure we will see that. So no longs atm. I'm holding short from last evening @3886. But most likely stop at be will be hit.
At the moment resistance @3840 happend to be hard nut to crack.
  • #14,695
  • Mar 3, 2011 4:17am Mar 3, 2011 4:17am
Quoting sony
I am long eurusd 1.3855
Just beware of this
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  • #14,696
  • Mar 3, 2011 4:29am Mar 3, 2011 4:29am
Quoting Intel
Just beware of this
Yes. But look at this and what happened when we saw those on hourly. Also it is printing ns now on 15 min. Everything can happen. Preferably .3900+
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  • #14,697
  • Mar 3, 2011 4:38am Mar 3, 2011 4:38am
Quoting sony
I am long eurusd 1.3855
Ok moveing my SL to 1.3850

So 5 SL is the risk




TP 1.5000...lol
Work smart not hard
  • #14,698
  • Mar 3, 2011 4:40am Mar 3, 2011 4:40am
Quoting Intel
Just beware of this
Yeah thanks Intel

Small risk so i may leave it this way
Work smart not hard
  • #14,699
  • Mar 3, 2011 4:42am Mar 3, 2011 4:42am
Quoting sony
Ok moveing my SL to 1.3850

So 5 SL is the risk




TP 1.5000...lol
Don't listen to Intel. He thinks that tick volume is volume in forex and that it works .
  • #14,700
  • Mar 3, 2011 4:47am Mar 3, 2011 4:47am
Quoting 1pipperhour
Don't listen to Intel. He thinks that tick volume is volume in forex and that it works .

Work smart not hard
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