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vsa with Malcolm

  • #15,741
  • Mar 10, 2011 2:09pm Mar 10, 2011 2:09pm
Quoting KinsaleForex
What is an NR7?!

Cheers for the reply man.
Narrow Range period 7...

http://thepatternsite.com/nr7.html
Today's zone = Tomorrow's opportunity!
  • #15,742
  • Mar 10, 2011 2:14pm Mar 10, 2011 2:14pm
Quoting pres78
Narrow Range period 7...

http://thepatternsite.com/nr7.html
Cool, thanks for that.
  • #15,743
  • Mar 10, 2011 2:21pm Mar 10, 2011 2:21pm
Quoting KinsaleForex
Cool, thanks for that.
There are actually some stock traders who look specifically for these type of bars within an established trend and take entries off them.
Today's zone = Tomorrow's opportunity!
  • #15,744
  • Mar 10, 2011 2:21pm Mar 10, 2011 2:21pm
This guy is still partying, he is a talk in the town..:
Attached Image
The Market pays you to be disciplined
  • #15,745
  • Mar 10, 2011 2:27pm Mar 10, 2011 2:27pm
Quoting Steve Gill
OK just to show I'm not always boring I just took this trade and thought I'd share it with you all. I don't like catching knives but I'll explain my reasons for jumping in.
Been out of the office all day so missed the action. But learnt some (free) lessons today.

My rule is to look for shorts below the POC, and longs above it - paying attention to price action around it (to see if it's going to push through). If I'd been sticking to this rule then I'd have been looking for shorts and noticed the SOW around 1.3840/1.3850 like ewokuk did. I'd still be in a nice trade right now had I done that

My long was stopped out at B/E so no harm done. I like free lessons
Blogging daily now at www.volume.zone
  • #15,746
  • Mar 10, 2011 2:27pm Mar 10, 2011 2:27pm
Quoting pres78
There are actually some stock traders who look specifically for these type of bars within an established trend and take entries off them.
I'm sure they do.. As well as all the squiggly lines he uses too!
  • #15,747
  • Mar 10, 2011 2:32pm Mar 10, 2011 2:32pm
Quoting Steve Gill
Been out of the office all day so missed the action. But learnt some (free) lessons today.

My rule is to look for shorts below the POC, and longs above it - paying attention to price action around it (to see if it's going to push through). If I'd been sticking to this rule then I'd have been looking for shorts and noticed the SOW around 1.3840/1.3850 like ewokuk did. I'd still be in a nice trade right now had I done that

My long was stopped out at B/E so no harm done. I like free lessons
developing POC or in reference to yesterdays?
  • #15,748
  • Mar 10, 2011 2:36pm Mar 10, 2011 2:36pm
Quoting pres78
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.
I am almost certain Polomine can add a trigger point to a blue bar based on certain criteria like xx% less (or more) than the previous (blue) bar, or xx% less/more that the cumulative x previous bars, and have these parameters selectable by input parameters within the indi properties.

Polomine, is this something that you can add to the code, since you already know it intimately? I really think this has tremendous potential.

Quoting Intel
If he can change it so it sent an SMS, that would be good.
Should be easy as pie. Email-to-SMS gateways are plentiful out there ... I've not fully dived into the BV indi that Polomine created, but I hope to in the short term pull together all the things I mentioned, and we can then figure out a system between an email address you'd set up , and get it to your mobile provider, and on your mobile. I'm thinking we could publish the MT4 screenshot to a blog, send it as a twitpic, send it as a IM (to a phone, or a screen pop on your PC) or figure out some mechanism that allows folks to view it from a mobile phone - the possibilities are almost endless.
  • #15,749
  • Mar 10, 2011 2:44pm Mar 10, 2011 2:44pm
VSA signals today EU-M15, with trend.
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  • #15,750
  • Mar 10, 2011 2:51pm Mar 10, 2011 2:51pm
Quoting Beljevina
I am almost certain Polomine can add a trigger point to a blue bar based on certain criteria like xx% less (or more) than the previous (blue) bar, or xx% less/more that the cumulative x previous bars, and have these parameters selectable by input parameters within the indi properties.

Polomine, is this something that you can add to the code, since you already know it intimately? I really think this has tremendous potential.

...
Are you looking for something like this?
Attached Image
The Market pays you to be disciplined
  • #15,751
  • Mar 10, 2011 2:51pm Mar 10, 2011 2:51pm
And GU-M15.
Attached Image (click to enlarge)
Click to Enlarge Name: GU-M15.gif Size: 37 KB
  • #15,752
  • Mar 10, 2011 2:56pm Mar 10, 2011 2:56pm
Quoting Beljevina
I am almost certain Polomine can add a trigger point to a blue bar based on certain criteria like xx% less (or more) than the previous (blue) bar, or xx% less/more that the cumulative x previous bars, and have these parameters selectable by input parameters within the indi properties.

Polomine, is this something that you can add to the code, since you already know it intimately? I really think this has tremendous potential.

Should be easy as pie. Email-to-SMS gateways are plentiful out there ... I've not fully dived into the BV indi that Polomine...
Yup....I'm fully glazed over now
  • #15,753
  • Mar 10, 2011 2:59pm Mar 10, 2011 2:59pm
Quoting inks2002
developing POC or in reference to yesterdays?
Yesterdays, early doors in the trading day, but also paying attention to the developing POC as well.
Blogging daily now at www.volume.zone
  • #15,754
  • Mar 10, 2011 3:00pm Mar 10, 2011 3:00pm
Quoting Steve Gill
Yesterdays, early doors in the trading day, but also paying attention to the developing POC as well.
I think the shape of the profile and the initial balances of the london and us sessions are equally important.
  • #15,755
  • Mar 10, 2011 3:04pm Mar 10, 2011 3:04pm
Quoting NaughtyPip
I think the shape of the profile and the initial balances of the london and us sessions are equally important.
for london I use 3-4, do you use 8-9 as US?
  • #15,756
  • Mar 10, 2011 3:08pm Mar 10, 2011 3:08pm
Quoting Intel
..Yes it is a bit wide but it is an NR7 so, it would do....
Leave it to Intel to take it up a notch.

For those using trigger numbers/levels, here's more: If you get a No Demand or Test that is a NR4 or NR7 they make good low volume trigger numbers/levels. Especially, in the case of No Demand, for example if the bar makes a higher high or what the herd would incorrectly term a buying bar.

All No Demands are not created equal, so you want to distinguish which ones are better to use.

1. Volume less than the previous two bars (of course)
2. Close in the middle or high
3. Makes a higher high and not a higher low (if it is a NR4 or NR7 it can't do both by definition).
4. Weakness in the back ground.
5. confirmed with the next bar down. This next bar should not make a higher high than the No Demand bar.

If the market doesn't respond to the No Demand by moving down but rather drifts sideways, you don't want to see that No Demand broken. If it is broken, watch for a move dack down and the Test/No Supply at that level.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #15,757
  • Mar 10, 2011 3:18pm Mar 10, 2011 3:18pm
Quoting 1pipperhour
I don't know how some people can trade 5 min......
If your trading plan is such that you only trade in the direction of the trend, then you would only be looking for shorts. Two days ago the market found value lower and signaled a trend change to down. Once you knew that, all you would need do is look for shorts. And you wouldn't need 3 or 4 timeframes to find them.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #15,758
  • Mar 10, 2011 3:23pm Mar 10, 2011 3:23pm
Quoting inks2002
for london I use 3-4, do you use 8-9 as US?
Yep 8-9, well, 13 to 14 since im in a gmt timezone.
  • #15,759
  • Mar 10, 2011 3:25pm Mar 10, 2011 3:25pm
Quoting NaughtyPip
I think the shape of the profile and the initial balances of the london and us sessions are equally important.
What do you mean by this - can you give me an example?
Blogging daily now at www.volume.zone
  • #15,760
  • Mar 10, 2011 3:37pm Mar 10, 2011 3:37pm
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?
Or use Crossover. In that case you don't need to get Windows installed on your Mac. And the best thing is that MT4 will run like a native application.

Click the link for details :

http://forum.mql4.com/11239
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