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vsa with Malcolm

  • #15,061
  • Mar 6, 2011 9:15am Mar 6, 2011 9:15am
Quoting supremeChaos
hello inks,
let me try.

a no supply is a narrow spread, low vol. downbar.
a test bar can be low vol or high vol. it can also be narrow or wide spread. i believe it can close at/near the middle or high. a test bar involves a rapid price mark down.
there is a significant difference.
Thank you that seems to make sense. Anyone else have a similar definition of the difference between a test and no supply bar?
  • #15,062
  • Edited 8:00pm Mar 6, 2011 9:37am | Edited 8:00pm
Quoting Steve Gill
Sorry for the late reply, I was out drinking last night and have a hangover

Both charts are Euro Futures (not sure what you mean by futures versus spot?), but the second is a 12 hour chart which starts at 09:00, so the first bar is 9am (GMT) to 9pm, and the next bar is 9pm to 9am. Because the 2nd bar is mostly Asia volume it tends to be a lot smaller.
it was because here : http://www.forexfactory.com/showpost...ostcount=15039
you mentioned the chart comparisons are "futures versus spot"

im im quite confused with the dynamic and globex dynamic charts.. and i didnt know which one is futures chart and which one is a spot chart, im not sure if im making make any sense to you... ?

erm.. another really noob question: the charts people using from ibfx/fxcm/mbt/fx pro... are those EURUSD charts considered spot/futures..? or those are just "forex charts"?
---> thanks for your reply in post #15070

Quoting supremeChaos
...a no supply is a narrow spread, low vol. downbar.
a test bar can be low vol or high vol. it can also be narrow or wide spread. i believe it can close at/near the middle or high. a test bar involves a rapid price mark down.
there is a significant difference.
Hi supremeChaos, do you mean any candle, no matter its a bull candle or bear candle can be a test bar as long as it has got a tail and it appears after signs of strength?

---> thanks for your reply in post #15083

Quoting ewokuk
i think i am seeing signs of some weakness on eu...
approaching major resistence on a D1, surely we'll see some selling here..., just spotted testbar/NS on M30, i am wondering is that something like what HG mentioned: "...BBs are not yet ready to go lower-but the market is not strong" ?

Quoting sonicdeejay
Guys...
Check out this counter..
It is Weekly chart..Bullish or Bearish?...
looks like its approaching major resistence on weekly chart... i personally don't like to enter trades that look like a mushroom/cup formation..
  • #15,063
  • Mar 6, 2011 9:41am Mar 6, 2011 9:41am
bull all the way .. check out last 3 weeks before this week .. remember vsa is all about background

Quoting sonicdeejay
Guys...

Check out this counter..
It is Weekly chart..Bullish or Bearish?
I'd like to know view with you vol analysis..

Thx
Sonic

(As for my analysis.. I believe the counter is setting up for a bear.. as per bearish engulfing candle 3 weeks ago (5.45 to 5.00)..Now it is mere doing a rebound just for load up more short, last week ends bull candle with lower vol..)
Blogging daily now at www.volume.zone
  • #15,064
  • Mar 6, 2011 9:52am Mar 6, 2011 9:52am
Quoting malcolmb14
bull all the way .. check out last 3 weeks before this week .. remember vsa is all about background
Thx,,Sir..

Any advice on EU W1 TF too?
was right about it for 4 consecutive week but...


Sonic
  • #15,065
  • Mar 6, 2011 10:18am Mar 6, 2011 10:18am
Quoting Steve Gill
I was out drinking last night and have a hangover
I feel your pain, sick as a dog. And United lost. And i'm in work.

  • #15,066
  • Mar 6, 2011 12:10pm Mar 6, 2011 12:10pm
Quoting sonicdeejay
Thx,,Sir..

Any advice on EU W1 TF too?
was right about it for 4 consecutive week but...


Sonic
We're in a bull run, and the charts aren't showing anything to be concerned about that stopping. A lovely average spread closing on the high on slightly increased volume from the previous week but definitely not high or ultra high. All good.

Buying on the pullbacks for next week IMHO - there doesn't seem to be major resistance before 1.42. Any selling would be intra day only, if you're looking for riskier trades - i.e. not holding for a longer term trade.
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  • #15,067
  • Mar 6, 2011 12:14pm Mar 6, 2011 12:14pm
nothing bearish about the weekly , last week up bar closed on high , avg volume on futures

Quoting sonicdeejay
Thx,,Sir..

Any advice on EU W1 TF too?
was right about it for 4 consecutive week but...


Sonic
Blogging daily now at www.volume.zone
  • #15,068
  • Mar 6, 2011 12:30pm Mar 6, 2011 12:30pm
Quoting Mtm
it was because here : http://www.forexfactory.com/showpost...ostcount=15039
you mentioned the chart comparisons are "futures versus spot"
I was referring to the fact that one chart was futures, and the other chart was spot. So the two charts were posted to compare against each other.

Quoting Mtm
im im quite confused with the dynamic and globex dynamic charts.. and i didnt know which one is futures chart and which one is a spot chart, im not sure if im making make any sense to you... ?
EUR (sometimes shown as EURUSD) is Spot, and 6E is the futures. Futures remember is an actual traded contract on the CME so it is actual volume as opposed to tick volume (not that there is a problem with tick volume of course!!)

Quoting Mtm
erm.. another really noob question: the charts people using from ibfx/fxcm/mbt/fx pro... are those EURUSD charts considered spot/futures..? or those are just "forex charts"?
As above, 6E is futures and EUR is spot.
Blogging daily now at www.volume.zone
  • #15,069
  • Mar 6, 2011 1:07pm Mar 6, 2011 1:07pm
Quoting supremeChaos
hello inks,
let me try.

a no supply is a narrow spread, low vol. downbar.
a test bar can be low vol or high vol. it can also be narrow or wide spread. i believe it can close at/near the middle or high. a test bar involves a rapid price mark down.
there is a significant difference.
LOL
so a test is any volume on any bar except one that closes near the low?
  • #15,070
  • Mar 6, 2011 1:51pm Mar 6, 2011 1:51pm
Quoting FrankSA
For the last 3 years I have researched trading, looked at all sorts of systems. Tested them. None of them could answer the one question I was asking:
How does the market work?
Then I read Tom Williams book and the lights went on. Then I read the forums and found a good bit of advice: read, practice, read, practice, for a minimum of 1000 hours screen time....
Well done Frank and welcome to the thread.

Now that you are commencing live trading you could post up your trading strategy for us all to comment and give advice on.
Blogging daily now at www.volume.zone
  • #15,071
  • Mar 6, 2011 1:59pm Mar 6, 2011 1:59pm
Quoting inks2002
Quick easy newbie question. I was watching some videos on signs of strength and they were talking about no supply bars and test bars. To me they both seem the same. isn't a test bar testing no supple? what is the difference then?
Master the Markets page 34. I'm sure this will help you a lot.
  • #15,072
  • Mar 6, 2011 2:18pm Mar 6, 2011 2:18pm
Quoting 1pipperhour
Master the Markets page 34. I'm sure this will help you a lot.
perfect...good example, thank you.
  • #15,073
  • Mar 6, 2011 2:49pm Mar 6, 2011 2:49pm
Quoting 1pipperhour
Master the Markets page 34. I'm sure this will help you a lot.
Quite right thanks for that. Sorry inks, I had meant to include this link in my previous post. You will find that some traders make testing far more complicated than it needs to be. If you stick with the basic test you wont go far wrong.
  • #15,074
  • Edited 3:35pm Mar 6, 2011 3:24pm | Edited 3:35pm
after watching a few of the TG videos, the examples of tests they show are always tiny little bars. and now im slightly confused again because they specifically said in one of the videos that tests are the equivalent of upthrusts but down instead of up.

since upthrusts spike up into new high ground where there is a previous top to the left in order to catch stops and suck in new longs, that would then mean tests should be into new LOW ground just past a previous low in order to catch stops and suck in new shorts? but then their own examples of tests are tiny little bars that are often not into new ground, a previous low, or even a previous area of supply, and tests often happen during an uptrend, so they seem to bear no relation to upthrusts at all. so none of that makes sense now i wonder if the tests i saw mentioned in those videos were really more NS than a test because MTM defines tests as a rapid mark down which implies tests are not low spread bars.
  • #15,075
  • Mar 6, 2011 3:33pm Mar 6, 2011 3:33pm
Quoting ewokuk
after watching a few of the TG videos, the examples of tests they show are always tiny little bars. and now im slightly confused again because they specifically said in one of the videos that tests are the equivalent of upthrusts but down instead of up.

since upthrusts spike up into new high ground where there is a previous top to the left in order to catch stops and suck in new longs, that would then mean tests should be into new LOW ground just past a previous low in order to catch stops and suck in new shorts? but then their own examples of...
There are many types of tests. A SO is one of them or to be more precise, a test can also be a SO .

As I said earlier, stick with the basic test. It will serve you well.
  • #15,076
  • Mar 6, 2011 3:38pm Mar 6, 2011 3:38pm
so I have been thinking baout a mac laptop , finally gave in today and bought one. mac book pro i5 2.4 mhz processor etc etc as they are one sale right now with the new ones arriving in store.

I know dr g has three monitors hooked up to his.

anyone have any thoughts on this.

I have windows 7 installed and will be installing parallels.

Any one have any luck on running paralles mobile once they have it on the mac ? It would be aweosme if i could trade right off the ipad while at gym ...lol. you are supposed to be able to access all windows programs on your mobile deivces with parallels 6 and parallels mobile installed

If this is the case next month I move to costa rica and trade from the beach ....( now I really am dreaming but hey if Intel trades from the shearing shed being Welsch I can trade form the beach )

any advise is welcome , Steve is going to help me a bit when we hook up in uk,,,, but not sure how great that advise will be after the 10th pint
Blogging daily now at www.volume.zone
  • #15,077
  • Mar 6, 2011 3:42pm Mar 6, 2011 3:42pm
ok well as i understand it a basic test should be about average spread (since MTM defines it as a rapid mark down so really, how small can the spread be if its rapid markdown? i guess if the bar is small spread its more of a NS than a test), low volume, down bar closing off the low with next bar up. only valid after strength in background (such as after stopping vol).
  • #15,078
  • Mar 6, 2011 3:49pm Mar 6, 2011 3:49pm
last 10 min highest volume of day ....

will be looking for sells under the trend cluster under the low of that bar 1317 area , stop 1321 , tp maybe 1300

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  • #15,079
  • Mar 6, 2011 4:00pm Mar 6, 2011 4:00pm
Quoting ewokuk
ok well as i understand it a basic test should be about average spread (since MTM defines it as a rapid mark down so really, how small can the spread be if its rapid markdown? i guess if the bar is small spread its more of a NS than a test), low volume, down bar closing off the low with next bar up. only valid after strength in background (such as after stopping vol).
a test usually closes in the middle but can close on highs, with a narrow spread with vol less than the previous 2 bars. This is your text book test, but they can differ.


Watch this video from 1 hr 17 mins and 30 seconds exactly, tom williams explains:
http://www.tradeguider.com/customer/..._intro/3a.aspx
  • #15,080
  • Mar 6, 2011 4:13pm Mar 6, 2011 4:13pm
Quote
Originally posted by Steve Gill.
Now that you are commencing live trading you could post up your trading strategy for us all to comment and give advice on.
Tnx Steve, I still have a few nuts and bolts to tighten in my system so I look forward to some healthy input and some good debates over any of my shortcomings. (erm..trading shortcomings ).
Before I go live, I am just tightening up my stop loss strategy, so I will continue to trade the demo account for a bit longer. Hope to dive in live soon.
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