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vsa with Malcolm

  • #14,881
  • Mar 4, 2011 5:04am Mar 4, 2011 5:04am
Did anyone catch the long scalp.? I missed most of it.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 17 KB


High volume test through resistance followed by a squat bar and 2 NS bars, the second of which was on lower volume. Great entry for long imo.
  • #14,882
  • Mar 4, 2011 5:11am Mar 4, 2011 5:11am
Quoting Intel
Careful you dont get too greedy and start losing more than you gain. I too am looking for ways to let trades run but, I'm finding it difficult to find reliability. What is your win:loss ratio? If it's quite good, you can up your risk a bit in order to make more from the trade.

You seem to enter a trade on most days so even if you were only risking 3% with a 3:1 W:L you'd still make 2% per day(1 trade per day). Thats not bad at all.
Like you say, i'm trying to balance being too greedy. 9 times out of 10 i'm happy with what the market gave me (using 1:1) and I just move on to the next opportunity.

As it stands my win:loss is 11:5 and 2 BE (do they count as win?!), not amazing but i'm happy enough so far. I average 2 to 3 trades a week probably.


Quoting Steve Gill
I'm not trading at the moment. I mentioned a few days ago that I've only recently come back to the markets after having a pretty intense 9 months in my business where one of the major shareholders wanted out and I had to buy them out. I quickly decided last year I was about to become jack of all trades and master of none so put trading to the back burner whilst I concentrated on the dayjob. It was a shame because I'd just recouped all the money I'd lost in my pre VSA trading days (about £4,000).

Now having successfully bought out the other shareholder...
I also spread bet but my risk at 3%. My entry yesterday was for 44pips @ €3.62.

I hear what you're saying about emotions. Trying to quell them as well. Some of those losses i've mentioned to Intel above were me trying to limit my losses but if i'd let them run I would have hit my profit target and not my stop. Just one of things. Thankfully i'm fully conscious of everything so i'm making steps to better my emotions etc.
  • #14,883
  • Edited 5:15am Mar 4, 2011 5:12am | Edited 5:15am
Quoting Steve Gill
I'd be looking for no demands and upthrusts around 1.6250 or 1.6270 to sell. We are below the POC.
Looking at the volume on this upmove towards the POC, I'm not seeing strength here

Compare with volume from yesterday.

Good point to short? I'm not paying attention to GU so I'm no expert, but this post is reply to willkohsg's question.

If I was trading this I'd be shorting below a successful no demand or upthrust with my SL around 1.6295 (above where we had clear previous weakness), for full disclosure
Attached Image (click to enlarge)
Click to Enlarge Name: 6b 15m 4th mar.jpg Size: 231 KB
Blogging daily now at www.volume.zone
  • #14,884
  • Mar 4, 2011 5:15am Mar 4, 2011 5:15am
Quoting HIFX
Would anybody happen to know if there is a Better Volume and Paint bar indicator for the Infinity AT fututres platfrom.

Cheers.
Yes, there is. Google: sierra chart "better volume". Then click link "new better volume". Be sure to donload the latest version "jdtBetterVolume_v3".
  • #14,885
  • Mar 4, 2011 5:18am Mar 4, 2011 5:18am
Quoting KinsaleForex
I also spread bet but my risk at 3%. My entry yesterday was for 44pips @ €3.62.

I hear what you're saying about emotions. Trying to quell them as well. Some of those losses i've mentioned to Intel above were me trying to limit my losses but if i'd let them run I would have hit my profit target and not my stop. Just one of things. Thankfully i'm fully conscious of everything so i'm making steps to better my emotions etc.
I look forward to trading with you over the next few months - sounds like we can learn from each other
Blogging daily now at www.volume.zone
  • #14,886
  • Mar 4, 2011 5:21am Mar 4, 2011 5:21am
i am here to prevent capital loss

http://img834.imageshack.us/img834/8...0304122029.png

Quoting Steve Gill
Looking at the volume on this upmove towards the POC, I'm not seeing strength here

Compare with volume from yesterday.

Good point to short? I'm not paying attention to GU so I'm no expert, but this post is reply to willkohsg's question.

If I was trading this I'd be shorting below a successful no demand or upthrust with my SL around 1.6295 (above where we had clear previous weakness), for full disclosure
  • #14,887
  • Mar 4, 2011 5:24am Mar 4, 2011 5:24am
Quoting Steve Gill
Looking at the volume on this upmove towards the POC, I'm not seeing strength here...
i got no charts but...
there's potential buying on the down bars 11-13bars back in your chart.

a quick look on H1 chart, there seem to be strength still in the background.

a possible spring/shakeout just completing..
let's see..
  • #14,888
  • Mar 4, 2011 5:24am Mar 4, 2011 5:24am
Quoting Steve Gill
I look forward to trading with you over the next few months - sounds like we can learn from each other
Good stuff, generally i'm employing a set, forget and get the hell away from the computer method at the moment
  • #14,889
  • Mar 4, 2011 5:25am Mar 4, 2011 5:25am
Quoting Dr.Geppynius
i am here to prevent capital loss

http://img834.imageshack.us/img834/8...0304122029.png
Are you talking about resistance turned support Dr G?

Please talk me through what you're seeing.
Blogging daily now at www.volume.zone
  • #14,890
  • Mar 4, 2011 5:27am Mar 4, 2011 5:27am
Quoting Dr.Geppynius
i am here to prevent capital loss
hey Doc,
still cant see imageshack images..(for a few days now; must be my Firefox browser or Firexfox add-on NoScript))
so i'll just presume your post/chart means our thoughts are in the same wavelength.
  • #14,891
  • Mar 4, 2011 5:30am Mar 4, 2011 5:30am
Quoting Steve Gill
Are you talking about resistance turned support Dr G?

Please talk me through what you're seeing.
I think that's a 4 hour chart? (Presuming stunden means hour(s)) Last bar is a pin bar (correct candlestick term?), showing strength.
  • #14,892
  • Mar 4, 2011 5:32am Mar 4, 2011 5:32am
Quoting supremeChaos
i got no charts but...
there's potential buying on the down bars 11-13bars back in your chart.

a quick look on H1 chart, there seem to be strength still in the background.

a possible spring/shakeout just completing..
let's see..
I'm nowhere near the skills level of some of the guys in this room so please accept my questioning of this as trying to help myself and others learn, because I'm not seeing what you're seeing.

The hourly is attached, but look at the volume compared the last few days. This isn't substantial buying on this last up move IMHO.
Attached Image (click to enlarge)
Click to Enlarge Name: 6b 1h 4th mar v2.jpg Size: 203 KB
Blogging daily now at www.volume.zone
  • #14,893
  • Mar 4, 2011 5:33am Mar 4, 2011 5:33am
Quoting KinsaleForex
I think that's a 4 hour chart? (Presuming stunden means hour(s)...
yes, 'stunde' is 'hour', i believe..
  • #14,894
  • Mar 4, 2011 5:37am Mar 4, 2011 5:37am
Quoting Dr.Geppynius
i am here to prevent capital loss

http://img834.imageshack.us/img834/8...0304122029.png
Germany is baaaack!!!

We missed you doc! Had a jungle tour to get fresh new monkeys??
  • #14,895
  • Mar 4, 2011 5:38am Mar 4, 2011 5:38am
Quoting KinsaleForex
I think that's a 4 hour chart? (Presuming stunden means hour(s)) Last bar is a pin bar (correct candlestick term?), showing strength.
I'm looking at the futures volume, which I've attached an equivalent report to the one Dr G posted. It is a pin bar but look at the relative volume compared to the background - a lot lower.

On the 4 hour chart starting at 06.00 (my fav ) it shows a 2 bar reversal so far, but on a lot, lot less volume than the 2 bar reversal the other way yesterday.

Interested in comments on this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6b 4h 0000 4th mar.jpg Size: 194 KB
Click to Enlarge Name: 6b 4h 0600 4th mar.jpg Size: 189 KB
Blogging daily now at www.volume.zone
  • #14,896
  • Mar 4, 2011 5:40am Mar 4, 2011 5:40am
Quoting Steve Gill
I'm nowhere near the skills level of some of the guys in this room so please accept my questioning of this as trying to help myself and others learn, because I'm not seeing what you're seeing.

The hourly is attached, but look at the volume compared the last few days. This isn't substantial buying on this last up move IMHO.
My level of knowledge is much worse than yours, but i think I see some strength in higher timeframes (2 hrs and 8 hrs).
  • #14,897
  • Mar 4, 2011 5:44am Mar 4, 2011 5:44am
Eddie just broke through yesterday's high, now NFP should be the final push!
  • #14,898
  • Mar 4, 2011 5:52am Mar 4, 2011 5:52am
Quoting KinsaleForex
Eddie just broke through yesterday's high, now NFP should be the final push!
I hope it will give some push before, just to give some room for a good be before nfp
  • #14,899
  • Mar 4, 2011 5:56am Mar 4, 2011 5:56am
Quoting Steve Gill
I'm looking at the futures volume, which I've attached an equivalent report to the one Dr G posted. It is a pin bar but look at the relative volume compared to the background - a lot lower.

On the 4 hour chart starting at 06.00 (my fav ) it shows a 2 bar reversal so far, but on a lot, lot less volume than the 2 bar reversal the other way yesterday.

Interested in comments on this.
I will give my best (as I'm not trading GU).

If you look at the daily (general trend up) you see that yesterday printed ns right at support. The ns candle touched support and pulled a little bit back. Today what we have seen was SO imo. Pushed a little through support and got hit by buyers.
  • #14,900
  • Mar 4, 2011 6:01am Mar 4, 2011 6:01am
Quoting 1pipperhour
I will give my best (as I'm not trading GU).

If you look at the daily (general trend up) you see that yesterday printed ns right at support. The ns candle touched support and pulled a little bit back. Today what we have seen was SO imo. Pushed a little through support and got hit by buyers.
Your analysis are always very interesting. Time to raise the pip per hour in your nick?
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