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vsa with Malcolm

  • #16,061
  • Mar 13, 2011 6:26pm Mar 13, 2011 6:26pm
Quoting Beljevina
I think that broker is playing tricks with their volume/tick count here, Scrat ... that must be a localized/desk or some other kind of volume view that is not pure - I don't see how overall market volume can be that high in one of the most illiquid times, although it is extremely high for the time of day, based on my Citibank view. Check based on the tick/y-axis count. I think your broker also opened before 5pm EST ... eSignal GTIS would be the best to compare if anyone can post.
esignal GTIs feed looks a lot like beljevina's volume.
Change is the only constant
  • #16,062
  • Mar 13, 2011 6:33pm Mar 13, 2011 6:33pm
Esignal Yennie hourly. Ridiculous volume for the time of day/week.
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  • #16,063
  • Mar 13, 2011 6:34pm Mar 13, 2011 6:34pm
Eddie 15min Esignal
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  • #16,064
  • Mar 13, 2011 6:40pm Mar 13, 2011 6:40pm
Quoting KinsaleForex
Eddie 15min Esignal
Even with gap it does not look very bearish... looked almost like buyers and then stopping volume followed by some NS... too early for any decent background based trades though.
Today's zone = Tomorrow's opportunity!
  • #16,065
  • Mar 13, 2011 6:40pm Mar 13, 2011 6:40pm
here's what i have on yen. funny...
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Nihil Sine Deo.
  • #16,066
  • Mar 13, 2011 6:40pm Mar 13, 2011 6:40pm
Quoting KinsaleForex
Eddie 15min Esignal
So you have TG with Esignal feed... whom do you place your trades through?
Today's zone = Tomorrow's opportunity!
  • #16,067
  • Mar 13, 2011 6:45pm Mar 13, 2011 6:45pm
Quoting pres78
So you have TG with Esignal feed... whom do you place your trades through?
I spreadbet with Finspreads, no particular reason why, just inherited the idea from my Dad i guess.
  • #16,068
  • Mar 13, 2011 8:16pm Mar 13, 2011 8:16pm
Quoting Scrat
here's what i have on yen. funny...
I assume by funny you mean grossly off ... they are definitely giving a ugly mishmash of ticks & trade sources in their volume feed.

That is a VSA nightmare to trade - it is way off. I'm not a big fan of Oanda - it's rare that one can get more than 15% of their capital invested before they prevent you from taking more positions - not sure, but it's a weird mix of leverage & margin that leaves one's money not at all working for themselves.
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  • #16,069
  • Mar 13, 2011 9:34pm Mar 13, 2011 9:34pm
A continuation from Fridays trade on the pound.

The eur IMO looks like a .4000 break this week is inevitable.
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  • #16,070
  • Mar 13, 2011 9:58pm Mar 13, 2011 9:58pm
Quoting Sonofsin5
A continuation from Fridays trade on the pound.

The eur IMO looks like a .4000 break this week is inevitable.
Who do you use for your volume? My Oanda Metatrader account is completely different...According to your chart that looks like an excellent setup and would have to agree with your analysis...My volume doesn't look like that but if it did i would be looking for a long entry
  • #16,071
  • Mar 13, 2011 10:35pm Mar 13, 2011 10:35pm
Quoting pipaday
Who do you use for your volume? My Oanda Metatrader account is completely different...
Scrat and I posted some Oanda volume charts in the past pages - Oanda volume seems incredibly off and representative of who-knows-what - from what I've seen, it would be hard to do worse. I would not be making trading decisions with it. Get a demo account like FxPro, IB I think has been mentioned, or CollectiveFX which I posted weeks/months ago (they should have a Citibank feed).
  • #16,072
  • Mar 13, 2011 10:40pm Mar 13, 2011 10:40pm
Quoting Beljevina
Scrat and I posted some Oanda volume charts in the past pages - Oanda volume seems incredibly off and representative of who-knows-what - from what I've seen, it would be hard to do worse. I would not be making trading decisions with it. Get a demo account like FxPro, IB I think has been mentioned, or CollectiveFX which I posted weeks/months ago (they should have a Citibank feed).
Thanks I will do that in the morning
  • #16,073
  • Mar 13, 2011 11:14pm Mar 13, 2011 11:14pm
Quoting Beljevina
- Oanda volume seems incredibly off and representative of who-knows-what - from what I've seen, it would be hard to do worse..... CollectiveFX which I posted weeks/months ago (they should have a Citibank feed).
Hi,
For what it worth...I have found this info about Oanda. I use them for quite some time and have mixed feelings.
=====
Business Details
Broker Headquarters: Toronto, Canada
Regulated By: NFA (0325821)
FCM registered with CFTC
Collect Taxes on Earnings: No
Main liquidity providers: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada Most brokers are somewhat secretive about this aspect of their business, but those who aren't certainly provide their clients with a valuable piece of information. The more liquidity that is available, the better order execution clients can expect. Knowing the institutions which provide this liquidity can also offer a glimpse into which currency pairs have sufficiently deep liquidity for your needs.
Broker Capital as of 11-2008 $170,799,434
The amount of capital the company has on hand. CFTC registered companies are required to report this, but many other brokers do not.
Also has offices in: Virtual offices in New York and Hong Kong
A list of other places, besides the headquarters, where the broker has offices.
Registered Business Name: Oanda Corporation
The name of the parent company of the broker, if any.
In business since year: 2002
When was the business established? This is a measure of trustworthiness. If a business has been around for a long time, it is less likely to scam you or disappear overnight.

=====

Info from here: forextradingzone.org/reviews-Oanda_Review. I am not sure if you can trust this website.
  • #16,074
  • Mar 13, 2011 11:34pm Mar 13, 2011 11:34pm
I only use esignal and sierra. Esignal for forex and Fx futures and sierra for forex. Sierra gets their main feed from FXCM which is the biggest bucket shop around. There is an advantage to this of which I dont have time to get into. Both feeds are not free but Sierra is the cheaper of the two and its data is 99% of the time identical to esignal's feed which I monitor and run on a laptop next Sierra.
  • #16,075
  • Mar 14, 2011 12:05am Mar 14, 2011 12:05am
you may be right... but i would be willing to give oanda feed another chance after i read that b.o.j. had to pump $146 billion into market today:
http://www.forexfactory.com/news.php?do=news&id=284313

Quoting Beljevina
I assume by funny you mean grossly off ... they are definitely giving a ugly mishmash of ticks & trade sources in their volume feed.

That is a VSA nightmare to trade - it is way off. I'm not a big fan of Oanda - it's rare that one can get more than 15% of their capital invested before they prevent you from taking more positions - not sure, but it's a weird mix of leverage & margin that leaves one's money not at all working for themselves.
Nihil Sine Deo.
  • #16,076
  • Mar 14, 2011 12:17am Mar 14, 2011 12:17am
Quoting KinsaleForex
So i've been reflecting on the week gone by and have a question for newbies, novices and experts alike. How many FX pairings do you keep an eye on? I know this thread is largely geared towards EUR/USD.

Personally I have 11 in my TG scanner, mainly due to the low spreads that they have but i'm starting to think I should hone in on just the 1 or 2. EU/GU for example.

Opinions?
Started VSA with many pairs, but after a while, I thought that it really needs only one pair to make money, and every pair has it`s own character and volatility, so it was easier to learn with one pair, and that was EUR/USD, but now I start to expand again with pairs, but problem is that I only have 4 monitors and that is not enough to pairs I want to look, and they are: EU, GU, UJ, EJ, GJ and EG. So I have to expand my monitors 2 and possible moving to H1 to take trades. I am not sure yet, that is what I have been thinking lately.
  • #16,077
  • Mar 14, 2011 2:50am Mar 14, 2011 2:50am
5min EURUSD shake out. expect test soon.
  • #16,078
  • Edited 7:06am Mar 14, 2011 3:15am | Edited 7:06am
Hello

My opinion is that we might get back to test 1.38240 area..That is also around 100 pips as out ATR shows

So i am short bias
Work smart not hard
  • #16,079
  • Mar 14, 2011 3:51am Mar 14, 2011 3:51am
Quoting sony
Hello

My opinion is that we might get back to test 1.38240 area..That is also alreiound 100 pips as out ATR shows

So i am short bias
Just watch out to not ever be to biased, have a plan yes. BUt your main job is to read the market and respond to what the market is telling you. So just remember to be felxible.

Watching 1.3900 because of poc from thusday and wednesday, and 3850.
  • #16,080
  • Mar 14, 2011 4:01am Mar 14, 2011 4:01am
Looks as though 3900 is providing support for now anyway. Rejected it pretty quickly once it got there.
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