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vsa with Malcolm

  • #15,281
  • Mar 8, 2011 7:21am Mar 8, 2011 7:21am
[quote=malcolmb14;4454725]

if you look for tests after strength then trend change is confirmed. If you look for no demand or ut after weakness then trend down confirmed. Trade ONLY those set up s next 4 years and you will retire a billionaire and can hang with me in monte carlo on our yachts.


Hi Malcolm,

I hope you are doing fine (by reading your post I am assuming you are lol )

I remember that you told me (via a reply) that you came to the chart once you received an alert indicating that the color (trend) of the hull has changed on a 15 min TF. Then you would be looking for signs of weakness/strenght etc...

I know that you are trading higher Tf right now, but are you using the same approch but with an alert on a higher TF or is the hull not so important for you on a higher TF?

Thank you,
Mel
  • #15,282
  • Mar 8, 2011 7:25am Mar 8, 2011 7:25am
gu strength

buy now ... pray

or wait for up move back above r at 1.6180 and then enter on test ?

MR J dare you to buy now as you like picking bottoms

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #15,283
  • Mar 8, 2011 7:31am Mar 8, 2011 7:31am
Quoting Steve Gill
What was your entry KinsaleForex? (i.e. what made you enter the trade)
Quoting HiddenGap
I've seen some of your previous charts, I thought you were an old hand at them .

Looks good to me. Since you mentioned it, what did you see on the 20?
Missed your posts a while ago. HG, I'm flattered you think that, encouraging as I must be doing something right!

Steve/HG As for my entry on the 20min chart, i perhaps jumped the gun a little, but took the no demand as highlighted by the vertical cursor. Once I saw the setup on the 5min I was happy enough.
Attached Image (click to enlarge)
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  • #15,284
  • Mar 8, 2011 7:34am Mar 8, 2011 7:34am
Quoting malcolmb14

I trade with up to 15% risk on account .... and i ain't trading no micro lots.. up 25% on account this week already. I know highly leveraged,..
On Euro, I am limiting my risk to 2% now..did well earlier with much wider stops but got caught out badly. Is 2%/trade too tight?
  • #15,285
  • Mar 8, 2011 7:50am Mar 8, 2011 7:50am
Quoting malcolmb14
..I trade with up to 15% risk on account .... and i ain't trading no micro lots...
What? You mean you didn't open an account for $200.00 with your Visa? You must be for real.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #15,286
  • Edited 8:17am Mar 8, 2011 7:51am | Edited 8:17am
Hi all,

It's my pleasure to announce the release of bundle 1.4.

1. support normal timeframe, such as m1, m5, m15, m30, just set BundleSize = 1;
2. support volume color in TG style (vol < prev 2, up bar vol, down bar vol), set TGStyle = true;
3. HLC bars support level bar (close = previous close)
4. ...

Hope you like it!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd - normal.gif Size: 32 KB
Click to Enlarge Name: gbpusd.gif Size: 31 KB
Attached File(s)
File Type: ex4 iPolo - BarBundles v1.4.ex4   14 KB | 467 downloads
File Type: ex4 iPolo - VolumeBundles v1.4.ex4   13 KB | 426 downloads
  • #15,287
  • Mar 8, 2011 7:51am Mar 8, 2011 7:51am
Quoting HiddenGap
What? You mean you didn't open an account for $200.00 with your Visa? You must be for real.
Easy we can't all afford 6 and 7 figure accounts but we are still doing our best to be "real"...
Today's zone = Tomorrow's opportunity!
  • #15,288
  • Mar 8, 2011 7:59am Mar 8, 2011 7:59am
Quoting polomine
Hi all,

It's my pleasure to announce the release of bundle 1.4.

1. support normal timeframe, such as m1, m5, m15, m30, just set BundleSize = 1;
2. support volume color in TG style, set TGStyle = true;
3. HLC bars support level bar (close = previous close)
4. ...

Hope you like it!
Great thanks!!

Can you please explain the colours though? On the Volume... are they just random or do they mean something like the BV?

Thanks
Oz
  • #15,289
  • Mar 8, 2011 8:07am Mar 8, 2011 8:07am
Quoting KinsaleForex
Missed your posts a while ago. HG, I'm flattered you think that, encouraging as I must be doing something right!

Steve/HG As for my entry on the 20min chart, i perhaps jumped the gun a little, but took the no demand as highlighted by the vertical cursor. Once I saw the setup on the 5min I was happy enough.
Ah sorry Kinsale, I misunderstood - I thought you had bought EU
Blogging daily now at www.volume.zone
  • #15,290
  • Mar 8, 2011 8:09am Mar 8, 2011 8:09am
Quoting FrankSA
On Euro, I am limiting my risk to 2% now..did well earlier with much wider stops but got caught out badly. Is 2%/trade too tight?
Frank it sounds like your 2% means you are reducing your stop loss to fit.

IMHO you should never do this - always decide the appropriate stop loss level and then trade based on that. You might end up having to trade 1.5% instead of 2% but if 2% of capital doesn't give you a large enough SL then you're undercapitalised for the size you're trading.

Are you trading standard lots?
Blogging daily now at www.volume.zone
  • #15,291
  • Mar 8, 2011 8:19am Mar 8, 2011 8:19am
No longs then yes? We are at support now imo (.3880 - .3850). Let's see what happens now. I'm still thinking that this is a shake out.

And again. Don't listen to me. I know nothing.
  • #15,292
  • Mar 8, 2011 8:29am Mar 8, 2011 8:29am
Quoting HiddenGap
Okay, let's do things a bit different this time. I was originally going to do a bar-by-bar of this chart, but I am feeling a bit lazy now. Instead I would like for all to either critique, ask questions, or both about the chart.

I will however, mention a few things about some of the bars.

#1: It's hard to see now, but this was the high volume bar that started it all. A wide spread up bar on ultra high volume closing in the middle. Whilst it is true that there are three parts to it, we know that markets do not like high volume up bars. We also...
Look at the nice low vol test bar that printed during the first 15 mins of LO... this corresponds with your 5min point # 6 entry. High vol down bar on major increase in vol followed 2 bars later by a nice low vol test closing near the lows and below the trigger level... get in short it screams.

Different TF same results...
Attached Image
Today's zone = Tomorrow's opportunity!
  • #15,293
  • Mar 8, 2011 8:45am Mar 8, 2011 8:45am
[quote=polomine;4454854]Hi all,

It's my pleasure to announce the release of bundle 1.4.


Thanks Polomine
Very kind of you

I asume that bars cannot looke better than this?

Or that is just something with a settings?

Anyway nice job..thanks a lot for shareing this things

All the best
Work smart not hard
  • #15,294
  • Mar 8, 2011 8:46am Mar 8, 2011 8:46am
Quoting KinsaleForex
Missed your posts a while ago. HG, I'm flattered you think that, encouraging as I must be doing something right!

Steve/HG As for my entry on the 20min chart, i perhaps jumped the gun a little, but took the no demand as highlighted by the vertical cursor. Once I saw the setup on the 5min I was happy enough.
Stopped, oh well!
  • #15,295
  • Mar 8, 2011 8:48am Mar 8, 2011 8:48am
Quoting KinsaleForex
Stopped, oh well!
EU is crashing my dreams today as well -14.
  • #15,296
  • Mar 8, 2011 8:48am Mar 8, 2011 8:48am
Quoting KinsaleForex
Stopped, oh well!
Sorry to hear that

Just realised I've been calling you KinsaleForex recently when your real name is in your sig on every post - doh! Sorry Liam!
Blogging daily now at www.volume.zone
  • #15,297
  • Mar 8, 2011 8:51am Mar 8, 2011 8:51am
here's a better one - opened an account, never funded it, played around with opening bonus... 5 bucks... turned it into over 2k in a couple of weeks... broker kicked me out.

Quoting HiddenGap
What? You mean you didn't open an account for $200.00 with your Visa? You must be for real.
Nihil Sine Deo.
  • #15,298
  • Mar 8, 2011 8:51am Mar 8, 2011 8:51am
Quoting Steve Gill
Frank it sounds like your 2% means you are reducing your stop loss to fit.

IMHO you should never do this - always decide the appropriate stop loss level and then trade based on that. You might end up having to trade 1.5% instead of 2% but if 2% of capital doesn't give you a large enough SL then you're undercapitalised for the size you're trading.

Are you trading standard lots?

This is spot on. ALWAYS put your SL/TP where the market tells you NOT where you would like it to be.

I'm in Mals camp with risk. I have said it many times (and been berated for it!) that you should wait for premium trades and trade them heavily. It's 10% per trade for me no matter what my BR is. This is why you won't see me entering on anyone elses calls, not even HG and mals(and they are right most of the time). I am risking a huge amount of my BR therefore I will stand or fall on MY calls.

Many traders say that risking 2% will preserve your BR when your wrong. I say, get a more reliable way of trading and dont lose so often. Trade 10% per tade 4:1 win:loss.....you work it out. Oh dont forget to figure in your DD.

If you cant trade more than 2% for fear of losing your BR, stop trading till you learn more.
  • #15,299
  • Mar 8, 2011 8:57am Mar 8, 2011 8:57am
Fantastic PA. Still can't get over what shows as a sold into upthrust on my EU volume. Glad I used the close-my-eyes strategy for shorts while I overnighted (with SLs or course)

I'm thinking GU is done for the day and I'm looking for a retrace. Based on my non-scientific trendlines, I'm looking for 1.386/3856 at this hours close. Love that USD strength again, another bout of buying at 82.43 - 40 pip chunks up is no small feat there ... go USDJPY, lol!
Attached Image (click to enlarge)
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  • #15,300
  • Mar 8, 2011 8:57am Mar 8, 2011 8:57am
Quoting Scrat
here's a better one - opened an account, never funded it, played around with opening bonus... 5 bucks... turned it into over 2k in a couple of weeks... broker kicked me out.
$5 into $2000 in a couple of weeks? You should teach me that.
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