vsa with Malcolm | Page 787 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #15,721
  • Mar 10, 2011 12:30pm Mar 10, 2011 12:30pm
[quote=Flynchenberg;4461762]
Quoting foxybunny
Quiz: Look at EUR/USD chart and tell me "What did I miss here ???"

I will answer later.

Newbie explanation:
High volume wide spread up bar pushing through resistance to brake it=effort without result due to lower volume ND bar with HH (like a doji, hidden up-thrust bar) )Next red one is wide spread bar closing on the lows and the low and the close is lower than the previous bar this is a countermanding signal=SOW
Thanks: that's a good explanation and applies to the long lower tail/wick/shadow most recent 1H bar with a HH-LC.
  • #15,722
  • Mar 10, 2011 12:33pm Mar 10, 2011 12:33pm
Quoting Beljevina
Agree with you rbumbalough; I wasn't paying proper attention, but that's a good & prominent pin bar up into the trendline and noticeable volume sellers on M5 giving it a noticeable rejection. Still tradeable IMHO if it comes up into the wick area or just a tad below it; SL a tight one around the blue TL.

Volume is of course falling off as the afternoon goes on, and we are aligning with S&P. I'd be watching for what happens if it gets to the current blue TL just below; given current market sentiment and how much we've fallen, tendency is to the...
Thank you. Your thoughts here are illuminating, and a BV email or IM alert would be very useful and sell-able.
  • #15,723
  • Mar 10, 2011 12:45pm Mar 10, 2011 12:45pm
Quoting Beljevina
Still tradeable IMHO if it comes up into the wick area or just a tad below it; SL a tight one around the blue TL.

Volume is of course falling off as the afternoon goes on, and we are aligning with S&P. I'd be watching for what happens if it gets to the current blue TL just below; given current market sentiment and how much we've fallen, tendency is to the downside, and lots more testing
Took my first 25 pips and one-third off the table on a slightly higher risk trade (makes me feel better when it comes back to BE, lol!)

S&P broken down below 1300 to 1296; Saudi Police shooting at rally/protesters - and shwing - there goes oil to $102 (per forexlive). Did you hear about the Libya + 1 theory? If another Arab world country goes bump in the night - one with oil - there you have risk for $120 oil, and obviously (market) risk-off. Don't think anyone expected Saudi Arabia to be one to shooting at protesters?! Maybe time to tune in Al Jeezera ... VIX heading up too ...

Now low of 37906 needs to hold ... looks like potential stopping volume there ; interesting to see USD head lower too.
  • #15,724
  • Mar 10, 2011 1:13pm Mar 10, 2011 1:13pm
Oil has given a couple of nice 15min signals today... the short I showed ealier and this long.

Yellow lines left to right...

1, 2 and 3) Possible buyers coming in...
4) Downbar closing on it's low on high vol
5) Next bar started down (hidden test) and found no supply closing as an upbar on increased vol (highest of the day). Would have liked to see a high close but a SOS none the less
6) Upbar on increased volume after a rise on reduced vol printing an asortment of NS and ND bars... this upbar gives some confirmation of this move up
7) NS / no selling pressure bar followed by another low volume downbar

Entry would have been on the next bar which is 2 after the NS.

8) Sellers coming in?
9) Sellers confirmed...

Man hindsight trading is so easy but not very profitable
Attached Image
Today's zone = Tomorrow's opportunity!
  • #15,725
  • Mar 10, 2011 1:16pm Mar 10, 2011 1:16pm
Quoting pres78
Because that is the name of our $1 coin here in Canada...
Ah ok, cheers guys.
  • #15,726
  • Mar 10, 2011 1:19pm Mar 10, 2011 1:19pm
If this isn't USDJPY accumulation - and longs taking over - I don't know what is - check that increase in volume and the consistently higher PA - I've been on about this for weeks. Zoom in on 30 minute & 15 minute and the last hour produced significant additional buyers.

This Saudi thing is going to quickly appreciate and hit market sentiment - Asia should be interested but Frankfurt/London moreso. I was shocked to google Saudi Arabia and see scheduled "Day of Rage" having major demonstrations planned for Friday - footage is 'leaking out' of the demos & discontent. We're following a formula here - shooting today - enhanced rage and major problems for Friday's session, oil up, xxxUSD down, and it should all be USD positive - there's been USD accumulation 3:1 longs over shorts for weeks now. (notice the italics) Perhaps the safer bet will be ES down, as treasuries continue to get bought. And time to create monitor space for a VIX chart ...

I might be wrong ... but I think we'll just need the sell button to the end of the week. The impact to the VIX & pit traders/NY could be exponential here. Not wanting to be alarmist and jumping the gun, but these Greek/May 6/flash situations build very quickly --- be aware of sentiment.

Hey, wasn't Malcolm starting the Mallerina world tour, off to London first? Prolly to Dubai then? VSA & Mallerina could be making history if/as things accelerate in Saudi Arabia into next week!

P.S. - Protests are illegal in Saudi Arabia.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-10_140456.png Size: 32 KB
  • #15,727
  • Mar 10, 2011 1:25pm Mar 10, 2011 1:25pm
hmmmm which broker are you using for mt4? that looks a lot different than my one from broco, i cant use most as a lot of them dont have ES, ftse, gold, oil.

Quoting pres78
Oil has given a couple of nice 15min signals today...
  • #15,728
  • Mar 10, 2011 1:27pm Mar 10, 2011 1:27pm
Quoting pres78
Oil has given a couple of nice 15min signals today... the short I showed ealier and this long. ...

Entry would have been on the next bar which is 2 after the NS.

8) Sellers coming in?
9) Sellers confirmed...

Man hindsight trading is so easy but not very profitable
I have one word for you: TRENDLINES !!
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-10_142404.png Size: 11 KB
  • #15,729
  • Mar 10, 2011 1:27pm Mar 10, 2011 1:27pm
http://content.screencast.com/users/...03-10_1424.png
http://content.screencast.com/users/...03-10_1418.png

http://www.threadbombing.com/data/me...4f29353177.gif
  • #15,730
  • Mar 10, 2011 1:31pm Mar 10, 2011 1:31pm
Quoting ewokuk
hmmmm which broker are you using for mt4? that looks a lot different than my one from broco, i cant use most as a lot of them dont have ES, ftse, gold, oil.
Tadawul FX... not sure if they have ES though... gold, oil and copper for sure plus a few stocks etc...
Today's zone = Tomorrow's opportunity!
  • #15,731
  • Mar 10, 2011 1:33pm Mar 10, 2011 1:33pm
Quoting Beljevina
I have one word for you: TRENDLINES !!
You and your trendlines... What I really need is like 4 or 5 monitors and a fulltime screen watcher whom works for free and alerts me when the set-ups I look for occur so I can pull up my charts and enter the trades...

Sleep and work is getting in the way.
Today's zone = Tomorrow's opportunity!
  • #15,732
  • Mar 10, 2011 1:33pm Mar 10, 2011 1:33pm
Quoting Beljevina
I was shocked to google Saudi Arabia and see scheduled "Day of Rage" having major demonstrations planned for Friday
that day or range thing has been planned for some time, a week at least. the only issue was whether it would turn nasty or be peaceful. looks like it might be turning nasty (the problem is the reports could be the usual newswire BS and the second they turn out to be false oil tanks)

would love to trade oil but its SO volatile and hard to predict regardless what the previous bars have done. big vol, huge pin bar, next bar starts going where you want it to so you enter and it whips straight back the other way for 100 pips, screw that . 280 pips in that little rally just now in under 30mins. often seems to do 100 pips in 5 mins. great, unless you get on the wrong side of it, which i always do lol. moves like that just scare me, i may have nightmares tonight just thinking about that 280 pip spike
  • #15,733
  • Mar 10, 2011 1:36pm Mar 10, 2011 1:36pm
Quoting KinsaleForex
Does that qualify for you? Probably bit wide a spread.
Sorry for the late reply.

Yes it is a bit wide but it is an NR7 so, it would do. Good amount of weakness in the background aswell. Maybe enough for a drop from the retrace testing a9where we are right now).
  • #15,734
  • Mar 10, 2011 1:45pm Mar 10, 2011 1:45pm
Malcolmb spoke about this before in the thread but is anybody else on here running mt4 on a Mac? I have a friend who wants to put it on his macbook but has never used it. Theres talk about running a parallel or something?
  • #15,735
  • Mar 10, 2011 1:49pm Mar 10, 2011 1:49pm
Quoting pres78
You and your trendlines... What I really need is like 4 or 5 monitors and a fulltime screen watcher whom works for free and alerts me when the set-ups I look for occur so I can pull up my charts and enter the trades...

Sleep and work is getting in the way.
I think we've pretty much got that: Polomine updated BetterVolume to send out emails when certain criteria are met - I plan to hook that up to Twitter or SMS, and you can be notified on a cellphone. Throw in the indi that takes a screenshot of the MT4 screen chart that caused the alert, and you've got a butler delivery & signal system!

And, hook up one of the indies that alert or trade when a trendline or channel touch or approach is underway, and we've got it all!

Put the 2 together and you have your screen watcher - now I just need to encourage my lazy bottom to realize it all!
  • #15,736
  • Mar 10, 2011 1:57pm Mar 10, 2011 1:57pm
Quoting polomine
Hi all VSA masters, like Malcolm, Dr. G, HiddenGap, Intel, Sono, ...

Do you guys got a chance to short gbp and eur today? If not, it doesn't matter. I means hinder sight is OK. It seems to me that the signs of strength are here and there today, BUT the result is supply overwhelm demand.

cheers in advance
polomine
Sorry mate, I found no reliable entries today.
  • #15,737
  • Mar 10, 2011 1:59pm Mar 10, 2011 1:59pm
Quoting Beljevina
I think we've pretty much got that: Polomine updated BetterVolume to send out emails when certain criteria are met - I plan to hook that up to Twitter or SMS, and you can be notified on a cellphone. Throw in the indi that takes a screenshot of the MT4 screen chart that caused the alert, and you've got a butler delivery & signal system!

And, hook up one of the indies that alert or trade when a trendline or channel touch or approach is underway, and we've got it all!

Put the 2 together and you have your screen watcher - now I just need to encourage...
If he can change it so it sent an SMS, that would be good.
  • #15,738
  • Mar 10, 2011 1:59pm Mar 10, 2011 1:59pm
Quoting Sonofsin5
Malcolmb spoke about this before in the thread but is anybody else on here running mt4 on a Mac? I have a friend who wants to put it on his macbook but has never used it. Theres talk about running a parallel or something?
Parallels is a program you buy and install on a Mac. Within that you install Windows (acquired separately to Parallels) and run whatever programs you want. Like follows;
Attached Image (click to enlarge)
Click to Enlarge Name: Parallels.png Size: 264 KB
  • #15,739
  • Mar 10, 2011 2:00pm Mar 10, 2011 2:00pm
Quoting Beljevina
I think we've pretty much got that: Polomine updated BetterVolume to send out emails when certain criteria are met - I plan to hook that up to Twitter or SMS, and you can be notified on a cellphone. Throw in the indi that takes a screenshot of the MT4 screen chart that caused the alert, and you've got a butler delivery & signal system!

And, hook up one of the indies that alert or trade when a trendline or channel touch or approach is underway, and we've got it all!

Put the 2 together and you have your screen watcher - now I just need to encourage...
The one thing I have seen with the BV email alert is that for low volume bars it only alerts if it prints yellow but many times we have a neutral blue bar that is the lowest volume or low volume for a ND, NS or test so unless it prints as yellow which doesn't happen much during peak trading we would not get alerted.
Today's zone = Tomorrow's opportunity!
  • #15,740
  • Mar 10, 2011 2:06pm Mar 10, 2011 2:06pm
Quoting Intel
Sorry for the late reply.

Yes it is a bit wide but it is an NR7 so, it would do. Good amount of weakness in the background aswell. Maybe enough for a drop from the retrace testing a9where we are right now).
What is an NR7?!

Cheers for the reply man.
13 traders viewing now