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vsa with Malcolm

  • #15,181
  • Mar 7, 2011 12:46pm Mar 7, 2011 12:46pm
Methinks i'm gonna have to start going lower than 20min time frames.

I was looking to catch the down move on Cable today but didn't get an entry on the 20mins that i'm so fond of.

Caught between sticking with the strategy I have or going down to the 5.
  • #15,182
  • Mar 7, 2011 12:52pm Mar 7, 2011 12:52pm
I heard a 10 second chart is awesome

There are a few A.D.D traders out there like Magix that trade this time frame


Quoting KinsaleForex
Methinks i'm gonna have to start going lower than 20min time frames.

I was looking to catch the down move on Cable today but didn't get an entry on the 20mins that i'm so fond of.

Caught between sticking with the strategy I have or going down to the 5.
Blogging daily now at www.volume.zone
  • #15,183
  • Mar 7, 2011 12:55pm Mar 7, 2011 12:55pm
  •  blocp
  • | Joined Aug 2009 | Status: Patience, Patience,Patience | 22 Posts
I seem to struggle with picking out direction due to strength or weakness on the larger time frames from the 30 mins upwards. I wouldn't have seen what malcolm showed on the Euro H4 a few posts back.
  • #15,184
  • Mar 7, 2011 12:57pm Mar 7, 2011 12:57pm
Quoting malcolmb14
I heard a 10 second chart is awesome

There are a few A.D.D traders out there like Magix that trade this time frame
Haha, I think i'll stick with what I have, for now at least!
  • #15,185
  • Mar 7, 2011 1:01pm Mar 7, 2011 1:01pm
Quoting blocp
I seem to struggle with picking out direction due to strength or weakness on the larger time frames from the 30 mins upwards. I wouldn't have seen what malcolm showed on the Euro H4 a few posts back.
It takes time, and practice. I was the same when I started.

My advice (this works for me) is to start at the highest time frame and drill down from there. Establish whether there is strength or weakness on the background at that level. Remember, background means both backwards in time (if we've been in a bull run, the last bars which will have been at lower prices) and the current price level - for example, are we at an old top from months ago possibly?

Look back at my old posts on GU and EU from monthly downwards to see what you think.

Best of luck and feel free to post questions - we were all new to this once.
Blogging daily now at www.volume.zone
  • #15,186
  • Mar 7, 2011 1:06pm Mar 7, 2011 1:06pm
err one of the reasons maybe is the pair .... that was GU

and it comes with experience.

It can be easy to cast eyes on the way a chart looks .. lots of wicks on tha candles indicates sellers if at top and then lots of 2 bar reversals etc indicates supply , then we look to see if pros are trying to dry up the supply or if that supply is going to swamp demand

here is gj .. very clear email form the pros

I have not traded gj for ever but upon seeing this VERY clear supply / two bar reversal i had to take a sell 134

The thing is that traders think that there has to be a vsa set up on every bar. This is not the case , lower time frames more will appear BUT in both directions , higher time frames they do not appear as often but when they do are big money makers

Attached Image (click to enlarge)
Click to Enlarge Name: eu 240.jpg Size: 78 KB






Quoting blocp
I seem to struggle with picking out direction due to strength or weakness on the larger time frames from the 30 mins upwards. I wouldn't have seen what malcolm showed on the Euro H4 a few posts back.
Blogging daily now at www.volume.zone
  • #15,187
  • Mar 7, 2011 1:12pm Mar 7, 2011 1:12pm
Quoting malcolmb14

The thing is that traders think that there has to be a vsa set up on every bar. This is not the case , lower time frames more will appear BUT in both directions , higher time frames they do not appear as often but when they do are big money makers
20mins it is then.
  • #15,188
  • Mar 7, 2011 1:15pm Mar 7, 2011 1:15pm
  •  blocp
  • | Joined Aug 2009 | Status: Patience, Patience,Patience | 22 Posts
Malcom, silly typing error there re:GU and not the euro.
  • #15,189
  • Mar 7, 2011 1:20pm Mar 7, 2011 1:20pm
  •  blocp
  • | Joined Aug 2009 | Status: Patience, Patience,Patience | 22 Posts
Steve/Malcom

Thanks, I watch the FTSE futures and spreadbet the cash market and have just had a look at the double bottom on the H4 going back to 24th of Feb and can see what direction would have been good to trade for the coming day.

I will work out how to post charts, as I use a pc for my trading and my Macbook for forums and all other things.
  • #15,190
  • Mar 7, 2011 1:23pm Mar 7, 2011 1:23pm
I just got a mac book and steve trades from his so does dr geppy ( although Dr G sucks and is perma bull es ...)

I really like tradeguider to be honest as it has a mickey mouse trend following system. The 2 hour showed red for 4 days now in sideways range indicating weakness , also there were a few upthrusts etc , when i woke up this morning and 2 hour had

' supply ' and then ' reversal after effort to rise ' closing at 1.6300 it was a no brainer trade

i will post tradeguider chart later

Quoting blocp
Steve/Malcom

Thanks, I watch the FTSE futures and spreadbet the cash market and have just had a look at the double bottom on the H4 going back to 24th of Feb and can see what direction would have been good to trade for the coming day.

I will work out how to post charts, as I use a pc for my trading and my Macbook for forums and all other things.
Blogging daily now at www.volume.zone
  • #15,191
  • Mar 7, 2011 1:29pm Mar 7, 2011 1:29pm
Quoting pres78
Thus the reason why we both still have to work
LOL You know it.

But in my defence, I'm not trading anything at the moment!!!!!
  • #15,192
  • Mar 7, 2011 1:31pm Mar 7, 2011 1:31pm
Quoting Steve Gill
I was talking about EU with the lack of selling, but you've posted a GU 8 hour chart - were you thinking I was talking about GU?
LOL

Yes mate, sorry.
  • #15,193
  • Mar 7, 2011 1:40pm Mar 7, 2011 1:40pm
Also the reaosn you are not trading at the moment is that you are caring for your loved ones


.......in the shearing shed


Quoting Intel
LOL You know it.

But in my defence, I'm not trading anything at the moment!!!!!
Blogging daily now at www.volume.zone
  • #15,194
  • Mar 7, 2011 1:54pm Mar 7, 2011 1:54pm
Quoting Intel
LOL

Yes mate, sorry.
No probs
Blogging daily now at www.volume.zone
  • #15,195
  • Mar 7, 2011 1:58pm Mar 7, 2011 1:58pm
Hey Guys, will keep this short & sweet. Heard about this over on EU thread and boy! .. you guys really talking some sense (complete noob here so that not meaning much coming from me Ha! :-)). Just heard about VSA for 1st time and reading through MTM at mo, so I won't be having anything much to contribute for a while but will keep quiet and learn from you guys for a bit yet ..I hope that's ok? Gd trades to all
C
The spoken word is your master, the unspoken word your slave.
  • #15,196
  • Mar 7, 2011 3:05pm Mar 7, 2011 3:05pm
Quoting malcolmb14
can someone please tell me the price of euro ? I have so many indies I can no longer see price window ..

HARD SHYT ...

btw if someone wants this template it is yours for cheap price of 6 installments of 56 cents.

lol

Attachment
I trust the 56 cents also includes a bottle of extra virgin Castor Oil which I'm told guarantees the removal of all HARD SHYT and leaves all those in close proximity.......mmm.... smelling of roses.....?http://www.forexfactory.com/images/icons/icon10.gif
Trading Levels with WRBs
  • #15,197
  • Mar 7, 2011 4:14pm Mar 7, 2011 4:14pm
Got 3 great entries on Euro 5min..practicing the buy limit and sell limit entries. Pity I didn't let the things run.
At 07.05 there was an ultra- high vol UB, which was tested with a LV DB
@ 07.15. I thought it could be an "effort to rise" since it cleared a congested area in the background. So I let my concentration slip.
@ 07.25 the volume increased a lot but the resulting price action was sluggish up bar, and failed to break out.
I didn't see this as potential weakness..should I have interpreted it that way or waited for the next bar which was an even higher vol DB looking like a hidden upthrust?
With hindsight it looks like a countermand to the test? Anyone else get caught out here, or just me?
  • #15,198
  • Mar 7, 2011 4:53pm Mar 7, 2011 4:53pm
Quoting CommercialB
Hey Guys, will keep this short & sweet. Heard about this over on EU thread and boy! .. you guys really talking some sense (complete noob here so that not meaning much coming from me Ha! :-)). Just heard about VSA for 1st time and reading through MTM at mo, so I won't be having anything much to contribute for a while but will keep quiet and learn from you guys for a bit yet ..I hope that's ok? Gd trades to all
C
First post and you've already had enough of the EU thread, welcome! Keep posting with questions if you have them, which i'm sure you will!
  • #15,199
  • Mar 7, 2011 5:04pm Mar 7, 2011 5:04pm
Quoting CommercialB
Hey Guys, will keep this short & sweet. Heard about this over on EU thread and boy! .. you guys really talking some sense (complete noob here so that not meaning much coming from me Ha! :-)). Just heard about VSA for 1st time and reading through MTM at mo, so I won't be having anything much to contribute for a while but will keep quiet and learn from you guys for a bit yet ..I hope that's ok? Gd trades to all
C
Welcome to the right side of the fence ... best of luck in your VSA journey I am sure you won't regret it.
Today's zone = Tomorrow's opportunity!
  • #15,200
  • Mar 7, 2011 5:05pm Mar 7, 2011 5:05pm
My thoughts on EU.

Attached is an 8 hour chart, starting 06.00 to 14.00 (europe open through most of london), then 14.00 to 22.00 (most of US session), then the asia 8 hour sess.

Today I feel in the first 8 hour session we moved up comfortably above the magic 1.40 whole number but didn't see major supply at all. We then moved back down to my POC from the last few days on low volume.

Whilst there is not enough demand from the SM for higher prices (yet) there isn't much supply around either, which they will have noticed. I think for tomorrow the POC around 1.3970 is key - a clear mark down below it and rise on low volume could signify the beginning of a drift down perhaps worth an agressive short (if your name is Malcolm lol), but if (as it appears so far) early London tomorrow fails to substantially break this level then I believe we'll see the market rise to above the high seen today (1.4035 level).

Anyone else come to any conclusions from today's price action?
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