vsa with Malcolm | Page 747 | 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

  • #14,921
  • Mar 4, 2011 7:19am Mar 4, 2011 7:19am
Quoting pres78
Very true, but I do love those tests that print down close to a daily low that get in you in with 10-20 pips and leaves the entire days ADR at your mercy for lot 2 after the 1:1 is quickly in the bag ...
Also a good point!

10mins til Forex Factory crashes
  • #14,922
  • Mar 4, 2011 7:23am Mar 4, 2011 7:23am
wow, that's intense here... a bit nervous
  • #14,923
  • Mar 4, 2011 7:26am Mar 4, 2011 7:26am
Quoting duyk20
wow, that's intense here... a bit nervous
Hi Duyk, haven't seen you on here all week. Been trading?
  • #14,924
  • Mar 4, 2011 7:38am Mar 4, 2011 7:38am
There's 1.40 anyway. Just.
  • #14,925
  • Mar 4, 2011 7:42am Mar 4, 2011 7:42am
Quoting KinsaleForex
There's 1.40 anyway. Just.
Now that's an upthrust... Daily range thus far 55 pips... all in one 15 min candle!
Today's zone = Tomorrow's opportunity!
  • #14,926
  • Mar 4, 2011 7:44am Mar 4, 2011 7:44am
Quoting pres78
Now that's an upthrust...
If you wanna see an upthrust, check out Yennie!

Edit - nevermind, it's retraced a bit.
  • #14,927
  • Mar 4, 2011 7:45am Mar 4, 2011 7:45am
Quoting KinsaleForex
Hi Duyk, haven't seen you on here all week. Been trading?
yah, got something on... I'll be back real soon, miss you guys
  • #14,928
  • Mar 4, 2011 7:51am Mar 4, 2011 7:51am
Good news for dollar, so lets see if SM is buying here.
  • #14,929
  • Mar 4, 2011 7:52am Mar 4, 2011 7:52am
Quoting KinsaleForex
If you wanna see an upthrust, check out Yennie!

Edit - nevermind, it's retraced a bit.
USDJPY? Super tricky to trade IMHO - the one place where a wick & upthrust is not a wick & upthrust, when all is said and done....

Based on a reasonable NFP number, this is likely to go up, if it can close above 83 - seems to be a matter of time and more buyers - I am in from my previous UJ charting. Unless of course, it's deemed to already be priced in ... ... and now, we wait ...
  • #14,930
  • Mar 4, 2011 7:56am Mar 4, 2011 7:56am
Quoting Beljevina
USDJPY? Super tricky to trade IMHO - the one place where a wick & upthrust is not a wick & upthrust, when all is said and done....

Based on a reasonable NFP number, this is likely to go up, if it can close above 83 - seems to be a matter of time and more buyers - I am in from my previous UJ charting. Unless of course, it's deemed to already be priced in ... ... and now, we wait ...
Yeah USD/JPY, i'm not looking to trade it really, was just pointing out it looked upthrusty, it now doesn't. Widespread up bar on ultra high volume closing in the middle, could well be weak. Could be absorbing as well though. Like you say, a bit tricky.
  • #14,931
  • Mar 4, 2011 7:59am Mar 4, 2011 7:59am
EU down 10-15 pips in half hour, so somebody must be buying here?
  • #14,932
  • Mar 4, 2011 8:07am Mar 4, 2011 8:07am
Quoting juhanimi
EU down 10-15 pips in half hour, so somebody must be buying here?
Certainly appears so... 15 min upthrust followed by a completed 15 min upbar and this 15 min bar is also currently up. Also the daily low wasn't even take out by 10 pips and that upthrust bar closed only 1 pip lower than the lowest daily close... It appears that the upthrust is immediately being tested which I believe is supposed to signal strength...

If we get back above yesterday's high and close strong I will look for a test or NS bar in this area to get in long.

Upthrust into 1.4 could be a good way to wack out some stops on ultra high volume...
Today's zone = Tomorrow's opportunity!
  • #14,933
  • Mar 4, 2011 8:12am Mar 4, 2011 8:12am
Quoting Momomoney
Just offering my humble opinion here -...
Hi Moe

Thanks for the kind words. I wouldn't enter a trade based on placing a sell limit order 50 to 80 pips above 1.63 because that would IMHO be akin to gambling - believing the price will spike up but eventually fall. I would only place the trade based on VSA principles at support or resistance lines, placing a sell limit order underneath the low of a no demand bar (for example) or a buy limit above a no supply or a test.

This particular example, had I been trading it, wouldn't have entered me in because it continued up - I did find I needed to change my mindset from thinking that I'm buying or selling at a worse price than market aka giving money away to capital preservation.

I did use to trade as you describe and sometimes it netted me a lot of pips - but its too risky for me and its not using VSA principles other than general trend.
Blogging daily now at www.volume.zone
  • #14,934
  • Mar 4, 2011 8:14am Mar 4, 2011 8:14am
Euro's price action has me scratching my head. I have stood clear since Wednesday without any positions.

Sending an SOS to the Experts - Intel, Dr Geppy, Malc, what do you think is happening today with the Euro? Help us make sense of this please...

P.S. Congrats to Malc are in order who saw the 1.4000 coming two weeks ago. Good work!
  • #14,935
  • Mar 4, 2011 8:23am Mar 4, 2011 8:23am
Quoting Steve Gill
Hi Moe

Thanks for the kind words. I wouldn't enter a trade based on placing a sell limit order 50 to 80 pips above 1.63 because that would IMHO be akin to gambling - believing the price will spike up but eventually fall. I would only place the trade based on VSA principles at support or resistance lines, placing a sell limit order underneath the low of a no demand bar (for example) or a buy limit above a no supply or a test.

This particular example, had I been trading it, wouldn't have entered me in because it continued up - I did find I needed...
You are right.
  • #14,936
  • Mar 4, 2011 8:23am Mar 4, 2011 8:23am
Quoting Momomoney
Euro's price action has me scratching my head. I have stood clear since Wednesday without any positions.

Sending an SOS to the Experts - Intel, Dr Geppy, Malc, what do you think is happening today with the Euro? Help us make sense of this please...

P.S. Congrats to Malc are in order who saw the 1.4000 coming two weeks ago. Good work!
Not an expert but my humble take on it has been a long hard bull fight eating away at the supply in what has in the past been a conjested area of sorts. Look at weekly bars right before we dropped off from 4280 high last year... same action we have seen recently but in reverse as we are now tackling supply that formed after that drop. 1.4 is a major psyc level etc...
Attached Image
Today's zone = Tomorrow's opportunity!
  • #14,937
  • Mar 4, 2011 8:31am Mar 4, 2011 8:31am
Quoting pres78
Certainly appears so... 15 min upthrust followed by a completed 15 min upbar and this 15 min bar is also currently up. Also the daily low wasn't even take out by 10 pips and that upthrust bar closed only 1 pip lower than the lowest daily close... It appears that the upthrust is immediately being tested which I believe is supposed to signal strength...

If we get back above yesterday's high and close strong I will look for a test or NS bar in this area to get in long.

Upthrust into 1.4 could be a good way to wack out some stops on ultra high volume...
15 min close above, now waiting to see if we receive a signal and trigger to get in long since we are yet well under normal ADR...
Today's zone = Tomorrow's opportunity!
  • #14,938
  • Mar 4, 2011 8:37am Mar 4, 2011 8:37am
Quoting Beljevina
USDJPY? Super tricky to trade IMHO - the one place where a wick & upthrust is not a wick & upthrust, when all is said and done....

Based on a reasonable NFP number, this is likely to go up, if it can close above 83 - seems to be a matter of time and more buyers - I am in from my previous UJ charting. Unless of course, it's deemed to already be priced in ... ... and now, we wait ...
Looks like it was weak!
  • #14,939
  • Mar 4, 2011 8:38am Mar 4, 2011 8:38am
Quoting pres78
Certainly appears so... 15 min upthrust followed by a completed 15 min upbar and this 15 min bar is also currently up. Also the daily low wasn't even take out by 10 pips and that upthrust bar closed only 1 pip lower than the lowest daily close... It appears that the upthrust is immediately being tested which I believe is supposed to signal strength...

If we get back above yesterday's high and close strong I will look for a test or NS bar in this area to get in long.

Upthrust into 1.4 could be a good way to wack out some stops on ultra high...
hey guys, been a while since i've posted here...regarding the 15M NFP hidden UT bar...my broker's volume for that bar is extremely low. Its the highest bar of the day for sure, but still on the low side for any 15M bar for this time of day over the entire week. Is that not indicative of a test for supply, but not finding any? So it would appear that SM have successfully removed supply at this level, opening the door for further upside movement.

EDIT: 5 min left on this 15M bar, but it is looking like a test of yesterday's high - to the pip!
Change is the only constant
  • #14,940
  • Mar 4, 2011 8:41am Mar 4, 2011 8:41am
Quoting tgwhbb
hey guys, been a while since i've posted here...regarding the 15M NFP hidden UT bar...my broker's volume for that bar is extremely low. Its the highest bar of the day for sure, but still on the low side for any 15M bar for this time of day over the entire week. Is that not indicative of a test for supply, but not finding any? So it would appear that SM have successfully removed supply at this level, opening the door for further upside movement.
And on my broker it is quite high vol (for this time of day), but lower than yesterday's ECB driven 15 min bar...
Today's zone = Tomorrow's opportunity!
14 traders viewing now