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vsa with Malcolm

  • #17,021
  • Mar 22, 2011 3:37pm Mar 22, 2011 3:37pm
Quoting Intel
Can you post a chart mate.
Here you go.

The exit was based on time of day, want to be out before the cash close.

It would have been possible to get out with a full point profit, but I am trying use Delta bars and high volume bars to exit and one did not show up.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,022
  • Mar 22, 2011 4:18pm Mar 22, 2011 4:18pm
hmmmmm eu 30min and 1h does look kinda bullish. but im gonna go out on a limb and call a dip under 4100 by close tomorrow, maybe 4050. i think 4050 has not been tested since it broke, neither has 4000.

its been 350 pips pretty much straight up without any retrace, and i think the lack of volume last 2 days may be indicating the gas to push it up isnt there at the moment. oil has been flying again today which should help eu but hasnt. slight focus switch to ireland and portugal again, if they want to dip it a bit to refuel longs then that will be the excuse the media will pin on the drop.

i trade 5min charts anyway so i might still wake up for london open and find a long, im just not convinced this is going up to 4280 tomorrow
  • #17,023
  • Mar 22, 2011 4:22pm Mar 22, 2011 4:22pm
Quoting Steve Gill
My take on today - 30 min EU chart.

Strength seen yesterday, and repeated today on down move back to previous days POC. Volume dropping off on rise back to todays POC (so far) - PA for the day is finished IMO.

SM has positioned for tomorrow or thursday (is there news? lol) and chart looks very bullish IMHO. I'd be looking to buy on a low volume test of 1.4170 or thereabouts in asia (when I'm asleep lol).

Anyone agree? This time I've not had any drinks
agreed, was long right after the shakeout just after 14:00 GMT, but just got stopped out at BE...waiting to see what Tokyo brings before going back in. my target is 4240 (today's developing POC). Reaction there will be key IMO, as today's profile looks like a non-trend day, which could signal a retrace is looming.

EDIT: for what it's worth, EU M15 may have just put in a double bottom, which if plays out puts an upside target at 4242...coincidence...
Change is the only constant
  • #17,024
  • Edited 4:49pm Mar 22, 2011 4:46pm | Edited 4:49pm
Futures chart on the hourly is even clearer IMHO. I've highlighted key bars with blue vertical lines (much quicker than loading into photoshop lol).

Key for me is that on the key volume bars the 'lows' are higher.
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Blogging daily now at www.volume.zone
  • #17,025
  • Mar 22, 2011 5:13pm Mar 22, 2011 5:13pm
Any thoughts on oil? I looked at this at the weekend and saw SOS - I can see us hitting the previous high of 108 this week, and probably beyond next week.
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Blogging daily now at www.volume.zone
  • #17,026
  • Mar 22, 2011 6:08pm Mar 22, 2011 6:08pm
The VSA club will be opening its doors to all tomorrow 3/23/11 for the introduction of..........

..........wait for it................

The Tradeguider add-on to MT4. Yes, Currency trading is the new black.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,027
  • Mar 22, 2011 6:19pm Mar 22, 2011 6:19pm
Quoting HiddenGap
The VSA club will be opening its doors to all tomorrow 3/23/11 for the introduction of..........

..........wait for it................

The Tradeguider add-on to MT4. Yes, Currency trading is the new black.
I assume you still have to use your brokers volume feed though? Just get all the fancy tradeguider trade symbols?
Today's zone = Tomorrow's opportunity!
  • #17,028
  • Mar 22, 2011 6:22pm Mar 22, 2011 6:22pm
Quoting HiddenGap
The VSA club will be opening its doors to all tomorrow 3/23/11 for the introduction of..........

..........wait for it................

The Tradeguider add-on to MT4. Yes, Currency trading is the new black.
Price: $750

http://4gifs.com/gallery/d/180497-1/...d_seriousd.gif
  • #17,029
  • Mar 22, 2011 6:38pm Mar 22, 2011 6:38pm
Quoting pres78
I assume you still have to use your brokers volume feed though? Just get all the fancy tradeguider trade symbols?
Yes. Gavin's been flashing up screenshots over the last few TG sessions. I guess they'll do a full overview at tomorrow's MT4 specific session. I've not heard Gavin specifically talk about which MT4 broker to use; I believe he uses FXCM for the demo. $750 seems reasonable, given it includes the $500 VSA club yearly membership.

The MT4 plugin just seems too much like Tradeguider-lite (no scanner), although at $250 I guess it's not too bad. I think I'll attend tomorrow's session and see/learn more re the MT4 version. (There's a Tradestation one that should be out any time now too)

On an EU note, nice shakeout underway ... 4166 reached ... I'd be a comfortable buyer if it got as far as 4140 (prev low, POC, & all kinds of support) - that'd be 100 pips off the current top, and I'd feel pretty good about another stab towards there and 4280 - we're due for a retrace - Wednesday trading could be interesting for many reasons. Hard to guage what makes for stopping volume during Asia - haven't had an Asia shakeout for ages. GU behaving similarly.
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  • #17,030
  • Edited 7:35pm Mar 22, 2011 7:25pm | Edited 7:35pm
Didn't get around to posting this earlier, took a trade on 5min Eddie today. Traded a small amount on my account as Intel suggested trying. 20pip stop/target and profit was where i've marked on the chart. Finspreads missed it by a pip unfortunately and I got out on the retrace down for +7pips as I had to go out. Woulda got there if i'd left it run, but didn't fancy it.

Entered on the high of the NS and my stop was a couple of pips below the low.

Edit - Also, just back from winning a game of poker, won more from that than this trade
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  • #17,031
  • Mar 22, 2011 7:37pm Mar 22, 2011 7:37pm
Quoting KinsaleForex
Didn't get around to posting this earlier, took a trade on 5min Eddie today. Traded a small amount on my account as Intel suggested trying. 20pip stop/target and profit was where i've marked on the chart. Finspreads missed it by a pip unfortunately and I got out on the retrace down for +7pips as I had to go out. Woulda got there if i'd left it run, but didn't fancy it.

Entered on the high of the NS and my stop was a couple of pips below the low.

Edit - Also, just back from winning a game of poker, won more from that than this trade
EU was a rough one today... nice move down this afternoon but all in all, very boring.
Today's zone = Tomorrow's opportunity!
  • #17,032
  • Mar 22, 2011 7:45pm Mar 22, 2011 7:45pm
SO on 15min (and 5min) Gold and confirmation with next bar(s) up... will look for a test of the SO bar close trigger level.
Today's zone = Tomorrow's opportunity!
  • #17,033
  • Mar 22, 2011 8:12pm Mar 22, 2011 8:12pm
Quoting pres78
SO on 15min (and 5min) Gold and confirmation with next bar(s) up... will look for a test of the SO bar close trigger level.
5min test bar... will go long at 1426.50

Edit... next 5 min was a NS closing right on trigger. Drops entry to 1426.35...
Today's zone = Tomorrow's opportunity!
  • #17,034
  • Mar 22, 2011 8:46pm Mar 22, 2011 8:46pm
Quoting bandung
btw, i got another idea on range and volume indicator...adding where it close in relation of the bar hi lo something like 0% mean close on the low, 100% close on the high.
So since bandung was nice enough to add a few features to my PRZ R&V indicator that I uploaded (which I like I might add) I decided to take what he coded and added one more item... Second line item called "Type" tells you quickly if a bar is and UB, DB or closed as same level as previous. Blue = upbar, Red = downbar and Yellow = same close.

So now one can quickly see range, volume, close relative to range and type of bar (i.e. upbar, downbar). This is a nice add to the Better Volume Indicator for MT4 users. Many thanks bandung for the adds and I hope others find this useful.

The colors are the same for range and volume... if higher than previous it will print Blue etc...

As for the Close %, Blue is if it closes in the over 50%, Red is under and Yellow is 50% on the nose. 100% = close on high and 0% is close on low.

This is why I wanted to see at a glance if a 100% bar was a downbar or upbar... this way if you see like 88%, upbar and increased volume you could be looking at a SO...

Anyway now people have 3 choices if they want to use one of the range / volume indicators.
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Attached File(s)
File Type: mq4 PREZ R&V 2.mq4   5 KB | 493 downloads
Today's zone = Tomorrow's opportunity!
  • #17,035
  • Mar 22, 2011 8:49pm Mar 22, 2011 8:49pm
Quoting pres78
5min test bar... will go long at 1426.50

Edit... next 5 min was a NS closing right on trigger. Drops entry to 1426.35...
Closed out at 1427.35... off to bed. Might go up more but I am too tired to watch
Today's zone = Tomorrow's opportunity!
  • #17,036
  • Mar 23, 2011 1:06am Mar 23, 2011 1:06am
Just put the sell stop at 1.4157

Look at the Upbar & Volume is lower then last 10 candle..

Trand looks bearish ..

Lets Hope i am correct.


Pls correct me expert if i am wrong.
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  • #17,037
  • Mar 23, 2011 2:10am Mar 23, 2011 2:10am
Here we are

Now maybe an up move into first red line from above and no demand would make me go short...

Best long would be also an test on the first red line, from above

Maybe an small long would be also test on smaller TFs 1.4165

I am bullish bias tough
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Work smart not hard
  • #17,038
  • Mar 23, 2011 2:19am Mar 23, 2011 2:19am
Any web based chart provider that can view vol info??

I have metatrader with vol but it is @ home.. and my Live acc broker doesn't provide forex vol info..

Soni
  • #17,039
  • Mar 23, 2011 2:36am Mar 23, 2011 2:36am
Quoting sonicdeejay
Any web based chart provider that can view vol info??

I have metatrader with vol but it is @ home.. and my Live acc broker doesn't provide forex vol info..

Soni
I posted this link a few days ago, but its not free.
Blogging daily now at www.volume.zone
  • #17,040
  • Mar 23, 2011 2:38am Mar 23, 2011 2:38am
Quoting sonicdeejay
Any web based chart provider that can view vol info??

I have metatrader with vol but it is @ home.. and my Live acc broker doesn't provide forex vol info..

Soni
Hi Sonic, i have been using Teamviewer which is a remote log in, i can log into my home computer from work computer or with iphone app. Just google and download, great for iphone as all the broker apps are crap and with this you have everything on your home comp at hand.
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