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vsa with Malcolm

  • #16,681
  • Mar 17, 2011 8:07am Mar 17, 2011 8:07am
Quoting pres78
The second bar you have marked as an UT for me looks more like a test... Many time I will watch 15 min to form a nice trigger such as SO, or UT etc... and then drop to the 5 min for entry.

Nice 15min UT with a close trigger at 4030 and then that nice 5 min test bar of the trigger. Entry would have been at 4015 and I would have used the high of the test bar as SL at 4030. TP would have been 1.4 and would have been hit for 15 pips.
Mine worked out as 16 pips

Do you usually close the first lot and let the second lot run from BE?
  • #16,682
  • Mar 17, 2011 8:13am Mar 17, 2011 8:13am
Quoting KinsaleForex
Mine worked out as 16 pips

Do you usually close the first lot and let the second lot run from BE?
Yes normally but many times on a countrend trade at this time of the day I will only take 1 lot.

Down trades taken into LO or even in Asia I will take 2 as they are early in the day and I am hoping to be able to ride the move to full ADR on lot 2 or at least to a better R:R than 1:1.
Today's zone = Tomorrow's opportunity!
  • #16,683
  • Mar 17, 2011 8:53am Mar 17, 2011 8:53am
Nice pop on the eur overnight. I was not short as 3860 never went.
This was a classic stop loss hunt and more specifically a option related hunt. All the short orders have been filled above .4000 and now we are going to really see what this rally is made of. I will be buying if we show any decent sign of strength. I wrote a post yesterday about classic media manipulation and it looks like that scenario played out well.
  • #16,684
  • Mar 17, 2011 9:25am Mar 17, 2011 9:25am
Quoting NaughtyPip
Nice work pres, great too see analysis of 4hr charts because alot of the time i find them really hard to read, so thankyou.
No Problem... 4hr are tricky because of difference in time zones for brokers.
Today's zone = Tomorrow's opportunity!
  • #16,685
  • Mar 17, 2011 10:25am Mar 17, 2011 10:25am
Sad day. No trades on EU. But I may see shorting opportunity on 5 min just now if this is a test of previous high.
  • #16,686
  • Mar 17, 2011 10:28am Mar 17, 2011 10:28am
Exactly. The best is to use GMT.

Quoting pres78
No Problem... 4hr are tricky because of difference in time zones for brokers.
  • #16,687
  • Edited 11:03am Mar 17, 2011 10:41am | Edited 11:03am
Quoting 1pipperhour
Sad day. No trades on EU. But I may see shorting opportunity on 5 min just now if this is a test of previous high.
the 4hr says differently IMO. 20 minutes left in the bar and it is currently looking like a test of the 4hr bar high before London session open.

granted the 5M does look weak...

EDIT: 15M UT never confirmed...would be nice to see EU hang around here for the rest of the day given the range its had already today...
Change is the only constant
  • #16,688
  • Mar 17, 2011 11:12am Mar 17, 2011 11:12am
Quoting Oxford
Exactly. The best is to use GMT.
My broker is GMT+1 so I can make due...
Today's zone = Tomorrow's opportunity!
  • #16,689
  • Mar 17, 2011 11:35am Mar 17, 2011 11:35am
polomine, i have been using your bundle bar and volume indicators lately, the idea behind them is very good. thank you for sharing it with us!

now, i do have a question: i use "dynamic bundle" on, and so i can see the bundling is made differently, but what's with the StartBarIndex option? what does that do exactly?

Quoting polomine
Hi,

iPolo Bundle indicators are so flexible that they bundle the normal bars in different ways depending the time you let them to do this task. Well, this flexibility often makes people confused. Take your H8 chart for examlple, just try to set the StartBarIndex to 0 or 1, I am sure you will figure it out.

cheers,
polomine
Nihil Sine Deo.
  • #16,690
  • Mar 17, 2011 11:38am Mar 17, 2011 11:38am
Quoting pres78
Ok this is the way I use trigger lines and tests... it may not be right and it may not be in agreement with how others use them but it works for me....
That's all that matters, it's your money you are putting at risk (at least until you open up your hedge fund ).
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #16,691
  • Mar 17, 2011 11:50am Mar 17, 2011 11:50am
Quoting HiddenGap
That's all that matters, it's your money you are putting at risk (at least until you open up your hedge fund ).
One can dream ... Nah I am OK just making money for myself and hanging out here on the VSA thread.
Today's zone = Tomorrow's opportunity!
  • #16,692
  • Mar 17, 2011 12:45pm Mar 17, 2011 12:45pm
Though we might be late in the long trend, and there seems to be more weakness up here at 1.4, I am still waiting for that 1.40316 to break for some long left. There looks to be some high volume on background before the recent first high. I believe if we break 1.40316, we will go back down again for another blast up once more before we become bears, possibly? But 1.40316 first. All charts on my end is a confirmation, I;d like to see the day close above there and hopefully the week too.
  • #16,693
  • Mar 17, 2011 1:51pm Mar 17, 2011 1:51pm
[quote=HiddenGap;4474769]
Hi, Just read your great post this morning so decided to take a look at ES again and its trigger number right about the US open. Marked the UHVB from yesterday and that is where ES was trading after being down so much last afternoon. Being reversal time on the ES went short after the close of the squat bar.

1. No demand bar with the closed just above the previous bar
2. Squat bar, narrow range but the volume is higher so there has to be some selling in here
3. Wide range down bar, took profit
4. Another short entry

Have a hard time letting profits run as they usually disappear plus I had other stuff to do so I closed the trade in profit. In hindsight I see it would have been a great all day short.
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  • #16,694
  • Mar 17, 2011 1:53pm Mar 17, 2011 1:53pm
pls chk the img & correct me..


Thanks For your time.
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  • #16,695
  • Mar 17, 2011 2:17pm Mar 17, 2011 2:17pm
There is a nice ND on the EUR 15 min time frame at 4027.
  • #16,696
  • Mar 17, 2011 2:27pm Mar 17, 2011 2:27pm
Quoting AcidH4X
pls chk the img & correct me..


Thanks For your time.
that short should probably be short term IMO. while the upmove you highlight is on lowering volume, so is the small down move just prior. So taking the bigger picture into account, you could say the entire down move from today's high has been on lowering volume...which is therefore bullish volume.
Change is the only constant
  • #16,697
  • Mar 17, 2011 2:43pm Mar 17, 2011 2:43pm
sir this is the scalp trade for 10 pip...i am just learning this ..

i want to know sir that which TF is good for longer term trend & direction..for 10-15 pip profit i use the 1HR , 30min,15min & 5min for entering the trade.

we need to know the trend for longerterm so can u pls guide me which is the good TF ...

pls other expert should give their suggestion.

Thanks



Quoting tgwhbb
that short should probably be short term IMO. while the upmove you highlight is on lowering volume, so is the small down move just prior. So taking the bigger picture into account, you could say the entire down move from today's high has been on lowering volume...which is therefore bullish volume.
  • #16,698
  • Mar 17, 2011 2:54pm Mar 17, 2011 2:54pm
Quoting tgwhbb
that short should probably be short term IMO. while the upmove you highlight is on lowering volume, so is the small down move just prior. So taking the bigger picture into account, you could say the entire down move from today's high has been on lowering volume...which is therefore bullish volume.

sir pls chk the 4hr chart & my explanation ..


Thanks for your time.
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  • #16,699
  • Mar 17, 2011 2:58pm Mar 17, 2011 2:58pm
Quoting Sonofsin5
There is a nice ND on the EUR 15 min time frame at 4027.
Yes it was. But still don't like to go short. There seem to be some buyers @4000. According to my charts .4000 has been tested for 3 times now on 15 min. Also today's candle will engulf yesterday's. We are missing 100+ pips from weekly range (.4100-.4200 tomorrow???). So I bet for an up day tomorrow. Daily (today's) volume seems ok also.
  • #16,700
  • Mar 17, 2011 4:14pm Mar 17, 2011 4:14pm
Interesting day today. Whilst the ES was up for the day, there were ample opportunites on the short side.

Rather than do my usual bar-by bar analysis, I would rather have you make comments, criticisms and ask questions about what you see on the chart.
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Without VSA, you're playing checkers while the Smart Money plays chess.
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