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vsa with Malcolm

  • #16,381
  • Mar 15, 2011 11:36pm Mar 15, 2011 11:36pm
HG, thanks a million for this brilliant explanation!

Quoting HiddenGap
Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Been looking a some old brilliant post from Seb Mamby on elitetrader....

Without further a dew, let's get to the chart. This is a 5 min ES chart.

1. As always, the place to start is with Very High to Ultra High Volume. This bar has Ultra High Volume on an up bar that closes off its high. We know markets do not like Ultra High Volume up bars, because they can contain hidden selling. If this bar was buying, then we should...
  • #16,382
  • Mar 15, 2011 11:52pm Mar 15, 2011 11:52pm
30 min potential 2 bar reversal
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Blogging daily now at www.volume.zone
  • #16,383
  • Mar 16, 2011 12:20am Mar 16, 2011 12:20am
Quoting HiddenGap
Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Been looking a some old brilliant post from Seb Mamby on elitetrader....

Without further a dew, let's get to the chart. This is a 5 min ES chart.

1. As always, the place to start is with Very High to Ultra High Volume. This bar has Ultra High Volume on an up bar that closes off its high. We know markets do not like Ultra High Volume up bars, because they can contain hidden selling. If this bar was buying, then we should ask...
I see that you have been lazy again . Really great post.

But I really would have entered on ns bar 2 as well. Having stop in place everything would have been ok. Bar 4 would have been confirmation not to close yet. Bar 5 and the next one down would have made me thinking.
  • #16,384
  • Mar 16, 2011 12:24am Mar 16, 2011 12:24am
Quoting HiddenGap
Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Been looking a some old brilliant post from Seb Mamby on elitetrader...
Thx for that.

Seb
  • #16,385
  • Mar 16, 2011 12:59am Mar 16, 2011 12:59am
My first scalp line up of 22 pips.
I entered at the test bar top because there was a 2 bar reversal behind me.
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  • #16,386
  • Mar 16, 2011 12:59am Mar 16, 2011 12:59am
looking to buy soon, massive stopping vol, next bar was up. just waiting for it to break 3970, if it doesnt no trade. 3950 needs to hold for me or its time to look for shorts.
  • #16,387
  • Edited 1:28am Mar 16, 2011 1:16am | Edited 1:28am
So I got into a beauty trade on oil... I have had an email alert set up for when oil got below yesterday's low as this puts into territory where it found support on Feb 24th thrus March 3rd right before it rocketed up. Got up checked the bar that brought me under which is the 3rd green line from the left.

Now I am seeing the highest volume of the day and a close on the low... but what is this volume? Stopping volume? Absorbtion so sellers can continue?

Let's see how the next 25 mins played out after we broke the low.

Green lines left to right... purple line is my highest volume trigger.

1. Increase in volume as we take out the days swing low
2. ND... for anyone short or not already short you can stay in or get in
3. Here is the bar which takes out yesterday's low on a nice increase in vol
4. Squat bar showing me possible stopping vol now over two bars and giving me a trigger (see HG's last post... the move down has ended on a squat... HMMM think I'll go fishing )
5. Upbar confirming buyers
6. test type bar
7. test type bar with another vol drop and no close below trigger... HMM I think SM are saying, no sellers so loet's go back up
8. beauty test, narrow range, another drop in volume... this was my entry bar. Trigger was 96.33, Entry was 96.39 and SL was 96.21 which is an amazingly tight SL for oil

Now this entry was "risky" as price was below a red hull and my PAL but there were just so many signs that the downmove was done and that test bar 7 well... I just can't ignore anything quite that pretty (plus I was up in the middle of the night way before LO so I needed it to be for something )

9. Now here is the second chance safest entry off a NS in what is now a confirmed move up off the day's low. You would be amazed at how many times on the 5min charts you see these ND and NS bars form right around that PAL

So that's my one trade for the day...

Oh yes 2 lots... TP 1 was set for 100 pips at 97.39 and TP 2 for 200 at 38.39... yes 300 pips are my potential gain off 18 pip SL, but then again this is oil and it is risky but when the set-ups are there it makes it much less of a risk to trade.

Edit... out now second TP hit while I was posting this
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Today's zone = Tomorrow's opportunity!
  • #16,388
  • Mar 16, 2011 1:22am Mar 16, 2011 1:22am
Quoting ewokuk
looking to buy soon, massive stopping vol, next bar was up. just waiting for it to break 3970, if it doesnt no trade. 3950 needs to hold for me or its time to look for shorts.
I was too... It didnt come for me, But I think shorts are in order for news results... If the rise on lower volume continues.
  • #16,389
  • Mar 16, 2011 1:23am Mar 16, 2011 1:23am
Quoting HiddenGap
Please indulge me, those expecting to be fed fish just scroll down. Those seeking to learn how to fish, read on.

Been looking a some old brilliant post from Seb Mamby on elitetrader....

Without further a dew, let's get to the chart. This is a 5 min ES chart.

1. As always, the place to start is with Very High to Ultra High Volume. This bar has Ultra High Volume on an up bar that closes off its high. We know markets do not like Ultra High Volume up bars, because they can contain hidden selling. If this bar was buying, then we should ask...
Simply awsome HG... learn something from every post.
Today's zone = Tomorrow's opportunity!
  • #16,390
  • Mar 16, 2011 1:24am Mar 16, 2011 1:24am
Quoting ozzieb88
I was too... It didnt come for me, But I think shorts are in order for news results... If the rise on lower volume continues.
what news results?
Today's zone = Tomorrow's opportunity!
  • #16,391
  • Mar 16, 2011 1:27am Mar 16, 2011 1:27am
Quoting pres78
what news results?
0930 GBP results (I trade both GU and EU).
  • #16,392
  • Mar 16, 2011 1:29am Mar 16, 2011 1:29am
Quoting ozzieb88
0930 GBP results (I trade both GU and EU).
ok... thanks
Today's zone = Tomorrow's opportunity!
  • #16,393
  • Mar 16, 2011 1:40am Mar 16, 2011 1:40am
Time for work... usual time I miss the set up and miss entry!! why oh why cant it be now!! haha

I think im out until after news now... or just before if I see the set up
  • #16,394
  • Mar 16, 2011 2:03am Mar 16, 2011 2:03am
Was the 0855 GMT M5 candle a telegram for long?
  • #16,395
  • Mar 16, 2011 2:04am Mar 16, 2011 2:04am
For me those are areas to watch today

The best long for me would be around 1.3910 test of that line, stopin volume there or an no supply

Another is this zone where we are now

1.3945

But for now it looks like there is not so much power to shoot up from here
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Work smart not hard
  • #16,396
  • Mar 16, 2011 2:08am Mar 16, 2011 2:08am
Quoting pres78
So I got into a beauty trade on oil... I have had an email alert set up for when oil got below yesterday's low as this puts into territory where it found support on Feb 24th thrus March 3rd right before it rocketed up. Got up checked the bar that brought me under which is the 3rd green line from the left.

Now I am seeing the highest volume of the day and a close on the low... but what is this volume? Stopping volume? Absorbtion so sellers can continue?

Let's see how the next 25 mins played out after we broke the low.

Green lines left to right......

Nice trade pres, i appreciate you posting up your charts on your trades.
  • #16,397
  • Mar 16, 2011 2:09am Mar 16, 2011 2:09am
Quoting NaughtyPip
Nice trade pres, i appreciate you posting up your charts on your trades.
No Problem...
Today's zone = Tomorrow's opportunity!
  • #16,398
  • Mar 16, 2011 2:12am Mar 16, 2011 2:12am
Ok this is 10 min chart

ZONE between MM line 4/8 and weekly pivot might be that zone



If we somehow shoot up from here than i would watch for an entry in 1.3960 test from above would be grate...
Work smart not hard
  • #16,399
  • Mar 16, 2011 2:13am Mar 16, 2011 2:13am
10 min
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  • #16,400
  • Mar 16, 2011 2:16am Mar 16, 2011 2:16am
This the chart...
Maybe that bar can give us some entries...hm
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