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vsa with Malcolm

  • #15,321
  • Mar 8, 2011 10:14am Mar 8, 2011 10:14am
Can you advice me newbi (us) with a chart? Thank you.

Quoting malcolmb14
strength has appeared on gu and eu 2 hour but not going anywhere fast yet
  • #15,322
  • Mar 8, 2011 10:22am Mar 8, 2011 10:22am
Not sure if we will get past 3920-3930 zone today... 50% fib of today's move plus today's developping POC are right around 3924 level and should make this a tough level to break on the later days reduced vol. I would actually like to see it climb to there and then Asia take it up into 3980-3960 zone for a pre LO or LO SO or test back into this 3925 level for a final break and close above 1.4 on Daily.

The other scenario is for a move down into 3800 for a test or SO tommorow from where we will move back into the 3920-3930 level for a close tommorow and then the above scenario on Thursday.
Today's zone = Tomorrow's opportunity!
  • #15,323
  • Mar 8, 2011 10:37am Mar 8, 2011 10:37am
Quoting malcolmb14
strength has appeared on gu and eu 2 hour but not going anywhere fast yet

The reason why i take the long is, strengh come in at two POCīs of last week, and at the low of the UWR-UHV-Upbar on thursday, wich is a strong demandzone IMHO.
Have only little experience in VSA, so maybe iīm wrong.

Thankīs to mal, Dr.G and all the others for sharing your great work.
Sorry for my poor english.
Attached Image (click to enlarge)
Click to Enlarge Name: EU-M30-8.3.11.PNG Size: 77 KB
Trade well and many pips to all. Martin
  • #15,324
  • Mar 8, 2011 10:38am Mar 8, 2011 10:38am
Quoting Sonofsin5
I tryd to post thi as fast as I could but I bought this break. Stop at 3870, R:R at leaste 1:1.
R:R now at 1:1 but a +1 stop and letting it run would be a good idea since we have already tested the demand and 3886 and moved north on volume.
  • #15,325
  • Mar 8, 2011 10:40am Mar 8, 2011 10:40am
Newbie question but...

How are POC levels determined?
  • #15,326
  • Mar 8, 2011 10:47am Mar 8, 2011 10:47am
Quoting Yaad
Knowing me I would've probably jumped the gun and got in early at the previous NS bar.
Iīm looking also on the previous NS, thinking should i?, or not???, better to wait for more confirmation??? typically Newbie and then in and
Trade well and many pips to all. Martin
  • #15,327
  • Mar 8, 2011 10:48am Mar 8, 2011 10:48am
Quoting Sonofsin5
R:R now at 1:1 but a +1 stop and letting it run would be a good idea since we have already tested the demand and 3886 and moved north on volume.
Agree, great work.
Trade well and many pips to all. Martin
  • #15,328
  • Mar 8, 2011 10:51am Mar 8, 2011 10:51am
Quoting pipmax
Iīm looking also on the previous NS, thinking should i?, or not???, better to wait for more confirmation??? typically Newbie and then in and
Hehe,

Worked out well in the end, you should be at least out or at BE now. I think it might find it difficult to move above 3912 for the time being. Newbie call here too.
  • #15,329
  • Mar 8, 2011 10:52am Mar 8, 2011 10:52am
A POC (Point of Control) level is the price point with the highest volume within the trading session. Check the AMT/Market Profile thread for the latest indicator.

Hope this helps.
Ox

Quoting Yaad
Newbie question but...

How are POC levels determined?
  • #15,330
  • Mar 8, 2011 10:54am Mar 8, 2011 10:54am
Quoting Yaad
Newbie question but...

How are POC levels determined?
Thatīs part of the Market Auction Theorie and Market Profile, thereīs a thread in the Trading Discussion Forum.
Trade well and many pips to all. Martin
  • #15,331
  • Mar 8, 2011 10:55am Mar 8, 2011 10:55am
Quoting pres78
Not sure if we will get past 3920-3930 zone today... 50% fib of today's move plus today's developping POC are right around 3924 level and should make this a tough level to break on the later days reduced vol. I would actually like to see it climb to there and then Asia take it up into 3980-3960 zone for a pre LO or LO SO or test back into this 3925 level for a final break and close above 1.4 on Daily.

The other scenario is for a move down into 3800 for a test or SO tommorow from where we will move back into the 3920-3930 level for a close tommorow...
since price has been accepted back into today's value, the expectation would be that it traverses value up to the developing value area high around 3945. since you are using london as the start of your day for profiles, that high could be touched anytime before tomorrow's london open. if price stays there then a very good chance of london dropping it back to today's POC (currently developing at 3924 as you mentioned but could still change) before moving up again.
Change is the only constant
  • #15,332
  • Mar 8, 2011 10:57am Mar 8, 2011 10:57am
Professional money just sent us a telegram on the 5 min gu.
  • #15,333
  • Mar 8, 2011 10:57am Mar 8, 2011 10:57am
Quoting Yaad
Hehe,

Worked out well in the end, you should be at least out or at BE now. I think it might find it difficult to move above 3912 for the time being. Newbie call here too.
Iīm at BE, now itīs a freetrade.
Trade well and many pips to all. Martin
  • #15,334
  • Mar 8, 2011 10:59am Mar 8, 2011 10:59am
Ah thanks Oxford and pipmax!
  • #15,335
  • Mar 8, 2011 11:03am Mar 8, 2011 11:03am
Quoting Sonofsin5
Professional money just sent us a telegram on the 5 min gu.
What does the Telegram said for GU M5 ??

Trying to get the feel for GU.

Thanks.
  • #15,336
  • Mar 8, 2011 11:11am Mar 8, 2011 11:11am
Quoting foxybunny
What does the Telegram said for GU M5 ??

Trying to get the feel for GU.

Thanks.
Think Sono meanīs the NS,SO and NS again, also look at the H1!! But thereīs no confirmation.
Chart is H1.
Attached Image
Trade well and many pips to all. Martin
  • #15,337
  • Mar 8, 2011 11:22am Mar 8, 2011 11:22am
Quoting pipmax
Think Sono meanīs the NS,SO and NS again, also look at the H1!! But thereīs no confirmation.
Chart is H1.
not sure what your volume looks like, but those last 3 complete bars on the H1 look like SO, confirmation, hidden test...
Change is the only constant
  • #15,338
  • Mar 8, 2011 11:35am Mar 8, 2011 11:35am
Quoting tgwhbb
not sure what your volume looks like, but those last 3 complete bars on the H1 look like SO, confirmation, hidden test...
I think my Broker dosenīt share a correct Volumefeed at higher TFīs, so i donīt use it, but hereīs a H1-chart with Volume.(what do you think about this feed?)
Attached Image
Trade well and many pips to all. Martin
  • #15,339
  • Mar 8, 2011 12:20pm Mar 8, 2011 12:20pm
After request a few times here is the MP-Indi.

You can watch daily profile, only set visualization to M5,M15,M30.

For weekly profile set go to inputs and set profile timframe to "W" and visualization to H1.

For monthly set profile timeframe to "M" and visualization to H4.

But donīt forget to read the AMT-thread to understand how to use the MP.
Attached File(s)
File Type: mq4 MarketProfileDWM.mq4   22 KB | 464 downloads
Trade well and many pips to all. Martin
  • #15,340
  • Mar 8, 2011 12:37pm Mar 8, 2011 12:37pm
odd fx market today .. reluctant to rise BUT es been awesome as usual
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