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vsa with Malcolm

  • #15,381
  • Mar 8, 2011 3:23pm Mar 8, 2011 3:23pm
Quoting Sonofsin5
I wouldnt close it. The top will be tested again soon.
Ha, I just did, for +6pips. Claimed back a bit of what I lost earlier. Not the best of days but there ya go
  • #15,382
  • Mar 8, 2011 4:01pm Mar 8, 2011 4:01pm
Hi Guys,
could someone tell me if this volume is correct?
been learning VSA and wondering if I have the right things..
my volume levels seem different from others...
on my chart yesterday was a Climax Low volume day but some of you seem to have lower volume.

VSA is so confusing I just can't seem to wrap my head around it. MTM has so many contradictory information it's making me dizzy.

Could someone also point me to other reading materials relating to VSA?

thanks
Attached Image
  • #15,383
  • Edited 5:51pm Mar 8, 2011 4:45pm | Edited 5:51pm
Quoting greenuns
Hi Guys,
could someone tell me if this volume is correct?
been learning VSA and wondering if I have the right things..
my volume levels seem different from others...
on my chart yesterday was a Climax Low volume day but some of you seem to have lower volume.

VSA is so confusing I just can't seem to wrap my head around it. MTM has so many contradictory information it's making me dizzy.

Could someone also point me to other reading materials relating to VSA?

thanks
All chart examples on this thread by Hidden Gap, Intel, Dr Geppy, Sonofsin5 and Malcom... Find a post by them, go to their profile and check out all of there attachments so you can see their chart examples and read their candle by candle reasonings... Also Intel has a few video examples on here that are great.

Oh and after that read MTM again, it will start to make more sense after having seen some real trade examples.

As for your volume unless you have a feed like esignal you are only seeing your brokers feed (some brokers offer a more liquid feed that is closer to esignal etc...) and as you will see they do vary. The trick is to learn to read your brokers volume and you will learn to read the signals even though they may vary slightly from others... most of us on here all end up at roughly the same place even with some differences in vol readings.
Today's zone = Tomorrow's opportunity!
  • #15,384
  • Mar 8, 2011 4:50pm Mar 8, 2011 4:50pm
thanks will do that, looking forward to the videos...didn't know there were any...

Quoting pres78
All chart examples on this thread by Hidden Gap, Intel, Dr Geppy and Malcom... Find a post by them, go to their profile and check out all of there attachments so you can see their chart examples and read their candle by candle reasonings... Also Intel has a few video examples on here that are great.

Oh and after that read MTM again, it will start to make more sense after having seen some real trade examples.

As for your volume unless you have a feed like esignal you are only seeing your brokers feed (some brokers offer a more liquid feed that...
  • #15,385
  • Mar 8, 2011 5:15pm Mar 8, 2011 5:15pm
Quoting greenuns
thanks will do that, looking forward to the videos...didn't know there were any...
Just to help you out a bit on your journey...

http://www.forexfactory.com/showpost...postcount=9051

http://www.forexfactory.com/showpost...postcount=9780

http://www.forexfactory.com/showpost...postcount=7292
Today's zone = Tomorrow's opportunity!
  • #15,386
  • Mar 8, 2011 6:50pm Mar 8, 2011 6:50pm
Quoting greenuns
Hi Guys,
could someone tell me if this volume is correct?
been learning VSA and wondering if I have the right things..
my volume levels seem different from others...
on my chart yesterday was a Climax Low volume day but some of you seem to have lower volume.

VSA is so confusing I just can't seem to wrap my head around it. MTM has so many contradictory information it's making me dizzy.

Could someone also point me to other reading materials relating to VSA?

thanks
is the new candle a daily for the today 3/9th? which low did it start with beginning of the day?
  • #15,387
  • Mar 8, 2011 7:21pm Mar 8, 2011 7:21pm
lovely, thank you!

Quoting pres78
Just to help you out a bit on your journey...

http://www.forexfactory.com/showpost...postcount=9051

http://www.forexfactory.com/showpost...postcount=9780

http://www.forexfactory.com/showpost...postcount=7292
  • #15,388
  • Mar 8, 2011 7:23pm Mar 8, 2011 7:23pm
yup it's today's candle. Opened at 1.38724
i'm in Asia so 12am tokyo time is a new daily candle.

Quoting PipPipPip
is the new candle a daily for the today 3/9th? which low did it start with beginning of the day?
  • #15,389
  • Mar 8, 2011 7:31pm Mar 8, 2011 7:31pm
hey mal some VSA indis AT the grave yard enjoy


http://www.forexfactory.com/showthre...=1#post4455566
  • #15,390
  • Mar 8, 2011 7:40pm Mar 8, 2011 7:40pm
Quoting KinsaleForex
Just switched on Sky Player to put the match on, the default channel is Sky News. They're currently talking to their oil "analyst" He said $200 a barrell is possible in the near future depending on Saudi Arabia but in the same sentence said $50 is possible too. Talk about covering all his bases
That is just like saying Oil will be range around $125 (Average of $50 and $200).

Perhaps $125 more accurate.
  • #15,391
  • Mar 8, 2011 8:04pm Mar 8, 2011 8:04pm
Quoting 1pipperhour
Show me your daily chart.

Here is mine.

For EUR/USD Daily Tue 8-Mar, my chart has daily Volume is a high volume that looks more like 1pipperhour than pres78.

One thing to take note is the Low 8-Mar was 1.3862 at the Tail.

Now look to the Left side at recent high peak 2-Feb Doji with a High 1.3861.

This implies 8-Mar's Low testing 2-Feb's High.
Ah-ha!!


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-08_VSA_GBPUSD_D1_Expectation.png Size: 69 KB
  • #15,392
  • Mar 8, 2011 11:33pm Mar 8, 2011 11:33pm
Quoting Eulogy
This method really depends on a few things.

1. How deep is your account
2. How large is your position
3. How strong is your conviction
4. What kind of timeframe you working with

If any of these don't fit with the averaging down position, then yes, maybe 9 outta 10 times your method will work out. Its the 1/10 time that will kill your account. Be very careful you can survive those kind of turns before commit to this strategy
No, no. It was an example if I was "smart money". My account doesn't have that kind of power
  • #15,393
  • Mar 8, 2011 11:36pm Mar 8, 2011 11:36pm
Quoting Dr.Geppynius
Some brokers offer daytrading margin of 500 usd per contract. and do not need you to put 5k in even tough I think there should be 10k on the table since the smallest tick size is 12,5 usd/ tick per contract. nevertheless es is the best to trade in my opinion. just focussing this one instrument and getting to know how it moves is enough.
I hope I will get there some day to try it. At the moment I'm also foccusing on one - EU. It means I have to wait for trade set up for hours some time get none.
  • #15,394
  • Mar 8, 2011 11:37pm Mar 8, 2011 11:37pm
Quoting Steve Gill
Are you able to post charts Frank? I'm confused as to what you mean by "effort to fall" ?
There is a very high volume DB breaking out of a support area, The next bar is a DB also, confirms "effort" of VHV. Hope that interpretation makes sense.

(8hr delay in posting reply = sleeping)
Attached Image (click to enlarge)
Click to Enlarge Name: euro 5min 20110309a - effort to fall.gif Size: 24 KB
  • #15,395
  • Mar 8, 2011 11:44pm Mar 8, 2011 11:44pm
Quoting Steve Gill
Your volume is completely different to mine. I am looking at futures volume but for yours to be significantly higher than last week doesn't tie up with esignal's volume. One of us is wrong

I've attached the daily with the adjusted volumes moved along - I've highlighted the last day with volume (Monday).

To compare, I've posted a 1439 mins chart which shows the volume today was slightly higher than yesterday but still distinctly lower than average. Again monday is highlighted for ease of comparison.
So it seems that fxcm's daily volume is bs then
  • #15,396
  • Mar 9, 2011 12:00am Mar 9, 2011 12:00am
Quoting foxybunny
For EUR/USD Daily Tue 8-Mar, my chart has daily Volume is a high volume that looks more like 1pipperhour than pres78.

One thing to take note is the Low 8-Mar was 1.3862 at the Tail.

Now look to the Left side at recent high peak 2-Feb Doji with a High 1.3861.

This implies 8-Mar's Low testing 2-Feb's High.
Ah-ha!!


Attachment
Yes. I saw it testing Feb 2nd high but the volume confused me . So it seems you got to have e-signal or similar to use vsa analysis

Edit: So yes Steve. It is absolutely bullish. I agree with you . Can I now be your best friend also?
  • #15,397
  • Mar 9, 2011 12:11am Mar 9, 2011 12:11am
Quoting 1pipperhour
Yes. I saw it testing Feb 2nd high but the volume confused me . So it seems you got to have e-signal or similar to use vsa analysis

Edit: So yes Steve. It is absolutely bullish. I agree with you . Can I now be your best friend also?
Hey you, stop pestering my mate Steve
  • #15,398
  • Mar 9, 2011 12:17am Mar 9, 2011 12:17am
Quoting malcolmb14
last comment got be .. recurring theme of looking for one type of set up...

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.

those are exactly the set ups i trade and ONLY those on everything.

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...
I'm not critising the setup, just suggesting that a beginner could easily get caught up in focusing too much on a few types of bar shapes, rather than learning to read the action. If someone needs a test to enter, they also need to see it. You obviously do, but it often requires looking at half a dozen timeframes to spot that well-defined test bar.

Quote
MR J's argument is a way of trading I guess but trying to pick tops and bottoms without confirmation is suicide in the long run IMHO

That's putting words into my mouth. It's not my method to step in front of a moving train, and attempting to pick a top of bottom doesn't necessarily mean getting in at the very apex of the move. The timeframes I trade are slower than most here, so "picking a top or bottom" for me would be the equivalent of a faster trader getting in after a treasure chest of confirmation.
  • #15,399
  • Mar 9, 2011 12:24am Mar 9, 2011 12:24am
What is happening...spreads just jumped....
  • #15,400
  • Mar 9, 2011 12:25am Mar 9, 2011 12:25am
Quoting Intel
Hey you, stop pestering my mate Steve
I know that you islanders keep together
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