vsa with Malcolm | Page 795 | 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

  • #15,881
  • Mar 11, 2011 10:21am Mar 11, 2011 10:21am
Quoting PipPipPip
I agree. i made sure that that .6 pip was a confirmation of a break, which wasn't! I waited for another retrace upwards, and shorted at 1.3845. 10sl target 1.378.
I am biased long now based on the price action and vsa signals we saw this morning but with the time of day and end of week things can get a little choppy now. Id much rather sit on my hands and wait until Monday.

You are asking a lot out of the market for 3780.
  • #15,882
  • Mar 11, 2011 10:25am Mar 11, 2011 10:25am
Quoting Sonofsin5
I am biased long now based on the price action and vsa signals we saw this morning but with the time of day and end of week things can get a little choppy now. Id much rather sit on my hands and wait until Monday.

You are asking a lot out of the market for 3780.
ya, i haven't scalped for over a month, and was really patient on my week trades. I've decided to give my heart beat some action. so i have a manual trailing stop. I will be watching it very closely. Thanks!
  • #15,883
  • Mar 11, 2011 10:26am Mar 11, 2011 10:26am
Quoting Sonofsin5
I am biased long now based on the price action and vsa signals we saw this morning but with the time of day and end of week things can get a little choppy now. Id much rather sit on my hands and wait until Monday.

You are asking a lot out of the market for 3780.
Yeah, PIP should better get out soon, seeing my chart, price will probably only retrace to this shaded area
Attached Image
  • #15,884
  • Mar 11, 2011 10:26am Mar 11, 2011 10:26am
closed +13.5 pips. forget the scalp....
  • #15,885
  • Mar 11, 2011 10:49am Mar 11, 2011 10:49am
Quoting PipPipPip
406. .6 pip crack! woot woot! you still going long?
Lot 2 still open... just moved SL now to BE+15
Today's zone = Tomorrow's opportunity!
  • #15,886
  • Mar 11, 2011 10:49am Mar 11, 2011 10:49am
Especially to Steve Gill:


There is low volume in 6E march 2011 futures contract because march contract is going to expire and june is next.

Look here http://www.cmegroup.com/trading/fx/g10/euro-fx.html

http://www.cmegroup.com/trading/fx/g..._calendar.html


Someone should have cleared this up earlier..
  • #15,887
  • Mar 11, 2011 10:52am Mar 11, 2011 10:52am
Quoting Peke5
Especially to Steve Gill:


There is low volume in 6E march 2011 futures contract because march contract is going to expire and june is next.

Look here http://www.cmegroup.com/trading/fx/g10/euro-fx.html

http://www.cmegroup.com/trading/fx/g..._calendar.html


Someone should have cleared this up earlier..
I thought #F was continuous contract though?
Blogging daily now at www.volume.zone
  • #15,888
  • Mar 11, 2011 10:58am Mar 11, 2011 10:58am
Possible stopping volume and NS just before that in USDCAD, right above the DPP, and at a UTL.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-11_115645.png Size: 16 KB
  • #15,889
  • Mar 11, 2011 11:04am Mar 11, 2011 11:04am
Quoting Peke5
Especially to Steve Gill:


There is low volume in 6E march 2011 futures contract because march contract is going to expire and june is next.

Look here http://www.cmegroup.com/trading/fx/g10/euro-fx.html

http://www.cmegroup.com/trading/fx/g..._calendar.html


Someone should have cleared this up earlier..

Your right.
  • #15,890
  • Mar 11, 2011 11:06am Mar 11, 2011 11:06am
Quoting pres78
Lot 2 still open... just moved SL now to BE+15
Good job, your nerves were better then mine today. They have wiped the slate clean of stops.
  • #15,891
  • Mar 11, 2011 11:08am Mar 11, 2011 11:08am
Quoting pres78
Lot 2 still open... just moved SL now to BE+15
Here is why I haven't closed out yet...

1. We are nearing the DPP and daily high... closed off the high but on a reduced vol... ND? Not really as spread is not very narrow? Supply coming in? Maybe but volume is dropping off, looks like a probe up to test for supply.
2. Now this one again could be ND... but look where it is, no weakness present or confirmed so again this is just a probe up testing this heavily sold area from this morning...
3. Increased volume upbar making new high and new high close for the day... sent another test probe this time above the daily high
4. Same as # 3 only on higher volume... Have sellers entered?
5. Next bar is a NS / test of that DPP which was a sellers level... low volume, closing higher up... no sellers found...

So now they have tested up and down with no sellers present or at least none that they haven't absorbed.

6. Upbar on increased vol, not making a higher high but making an important new high close for the day. We are now nearing the ADR so I may close out soon.

Oh and we are above the days VAH which coincidentally enough is right where the NS / test bar # 5 printed.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #15,892
  • Mar 11, 2011 11:09am Mar 11, 2011 11:09am
Quoting Steve Gill
I thought #F was continuous contract though?
I dont know about esignal or your broker but maybe they havent changed to june contract data yet, my broker with ninjatrader has at the beginning of this day.
  • #15,893
  • Mar 11, 2011 11:12am Mar 11, 2011 11:12am
Quoting pres78
Lot 2 still open... just moved SL now to BE+15
Now moved to 3930 BE+40
Today's zone = Tomorrow's opportunity!
  • #15,894
  • Mar 11, 2011 11:19am Mar 11, 2011 11:19am
Quoting pres78
Now moved to 3930 BE+40
nicely put. I scalped up till resis @ 1.3875 area. The new 4hr is really having a go at this. I wonder where it will end by today.
  • #15,895
  • Mar 11, 2011 11:19am Mar 11, 2011 11:19am
Quoting pres78
Now moved to 3930 BE+40
Nice trade. Worth letting this one ride I think.
  • #15,896
  • Mar 11, 2011 11:20am Mar 11, 2011 11:20am
I really like this. Check out the daily as well.
Attached Image (click to enlarge)
Click to Enlarge Name: freeeebeee.jpg Size: 87 KB
  • #15,897
  • Mar 11, 2011 11:23am Mar 11, 2011 11:23am
Quoting PipPipPip
nicely put. I scalped up till resis @ 1.3875 area. The new 4hr is really having a go at this. I wonder where it will end by today.
This daily bar is shaping up just how I pictured it last night (just didn't see the drop off this morning happening first )... The close today is going to be more important to me than the volume. If we get a nice close within the top 20% I see this as being a hidden test bottom reversal which is a SOS.

Downbar yesterday closed within the bottom 20% of it's range... today is an upbar (again waiting for the close) and to add to the strength is has a lower low...
Today's zone = Tomorrow's opportunity!
  • #15,898
  • Mar 11, 2011 11:24am Mar 11, 2011 11:24am
Quoting pres78
Here is why I haven't closed out yet...

1. We are nearing the DPP and daily high... closed off the high but on a reduced vol... ND? Not really as spread is not very narrow? Supply coming in? Maybe but volume is dropping off, looks like a probe up to test for supply.
2. Now this one again could be ND... but look where it is, no weakness present or confirmed so again this is just a probe up testing this heavily sold area from this morning...
3. Increased volume upbar making new high and new high close for the day... sent another test probe...
Nice trade. I identified the stopping volume/test down to 1.376 and was waiting for what would happen at that orange TL, expecting it to stay below. As it went up, I basically hung out like a deer in headlights, not of course knowing it at the time. I let my predisposition for a S&P decline & a risk-off bias cloud my judgement. Then when it breaks the TL and is 75 pips off the low, the last thing you want to do is chase it, right? But of course Murphy materializes and you then end up being 130 pips up off the day's lows.

It's ironic of course that I was also thinking they'll leave us a wick/bounce on the weekly, but figuring out of course how much of a wick/bounce is a different matter. Oh well. I did get a few 20-60 pip scalps in GU and UC - one has to be pleased with the progress they do make.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-11_121516.png Size: 23 KB
  • #15,899
  • Mar 11, 2011 11:31am Mar 11, 2011 11:31am
Quoting pres78
This daily bar is shaping up just how I pictured it last night (just didn't see the drop off this morning happening first )... The close today is going to be more important to me than the volume. If we get a nice close within the top 20% I see this as being a hidden test bottom reversal which is a SOS.

Downbar yesterday closed within the bottom 20% of it's range... today is an upbar (again waiting for the close) and to add to the strength is has a lower low...
Exactly! I am glad I trusted my instinct, and I think I am now understanding the volume definition. Still in my row boat. I totally agree that today's close is very important. I am so hoping that today's close will be up there, so I can add into that retracement. One thing I am not certain is dependent on the weekly back to march 3rd. there looks to be some volume there with this week's bar ending. If we do close at above today at that range (3928), I hope it will hold above march 3rd week's volume bar if we go down again....oh and that is next week... and up we go
  • #15,900
  • Mar 11, 2011 11:33am Mar 11, 2011 11:33am
Quoting foxybunny
Any other takers for below quiz ??

More takers with answers mean more different observations for us to learn from.



Quiz: Look at EUR/USD HI 9-Mar chart and tell me "What did I miss here ???"

I will answer after Fri US Stock Market Open, after I come back.


Attachment
Thanks to those who replied the quiz.

The 1st chart is the original quiz.

The 2nd chart is the reply, look at the Blue comments, compare it.

I am only mentioning here about that missed signal, not the bars after that.


The Critical Point is that the missed signal was that it was a Doji with its High TESTING the NFP's Low.

In my previous posts, I expected EU to Strengthen if go above NFP's High and test the NFP's High.

And I forgot that it could also go down and test the NFP's Low giving us a Short signal instead!!!
Duh!!

That is why Price Level at certain wider bars or news bars is still very important to notice.

The volume of the 9-Mar Doji is High, but when compare to the volume of the previous 2 tests, the volume for Doji is lower than those 2 tests.
This relative lower volume is another good signal for possible Short.
This is the other way of comparing volume even if Alpari Demo volume may not be as reliable as others.


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-09_VSA_EURUSD_H1_Miss_Signal.png Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-09_VSA_EURUSD_H1_Miss_Signal_Answer.png Size: 70 KB
25 traders viewing now