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vsa with Malcolm

  • #17,521
  • Mar 28, 2011 3:48am Mar 28, 2011 3:48am
Quoting juhanimi
Strange, when I had a TG, I found out that trend diamonds 20 was exactly same than SMA 20 in MT4, but I think it was on higher timeframe than M5.
Ah, 20 looks fine, you said 200 though!
  • #17,522
  • Mar 28, 2011 3:49am Mar 28, 2011 3:49am
Quoting KinsaleForex
Ah, 20 looks fine, you said 200 though!
Looks like same than in my pic?
  • #17,523
  • Mar 28, 2011 3:56am Mar 28, 2011 3:56am
Quoting juhanimi
Looks like same than in my pic?
Similar, it doesn't matter anyway, i don't use them that much, thanks though
  • #17,524
  • Mar 28, 2011 3:59am Mar 28, 2011 3:59am
Quoting KinsaleForex
Similar, it doesn't matter anyway, i don't use them that much, thanks though
Okey, good, something to do with decimals here I think.
I think that is good, because you can clearly see if you are taking trade against higher timeframes trend and that is usually not good.
Anyways, happy trading.
  • #17,525
  • Mar 28, 2011 4:37am Mar 28, 2011 4:37am
What a boring morning!!
  • #17,526
  • Mar 28, 2011 5:07am Mar 28, 2011 5:07am
Hey guys,
I started learning VSA this weekend and would appreciate any help I can get.
On the EUR/USD chart below we have price declining along with volume. If this continues down to the daily pivot S1 (this mornings support) can we expected a bounce? My current limited understanding is if we start to see more volume coming down to the support, then we can either expect a push through, or it's buys entering the market and soaking up the selling pressure for a bounce. If we just see declining volume right up to the support, then we can expect a bounce also as there is no selling pressure at the support, hence the declining volume!?

EUR/USD M15
Attached Image (click to enlarge)
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  • #17,527
  • Mar 28, 2011 5:13am Mar 28, 2011 5:13am
Quoting fosking
Hey guys,
I started learning VSA this weekend and would appreciate any help I can get.
On the EUR/USD chart below we have price declining along with volume. If this continues down to the daily pivot S1 (this mornings support) can we expected a bounce? My current limited understanding is if we start to see more volume coming down to the support, then we can either expect a push through, or it's buys entering the market and soaking up the selling pressure for a bounce. If we just see declining volume right up to the support, then we can expect a...
Hi,

That's what im looking at! Thinking the same thing... look for SOS at that level. bare in mind US news at 3pm
  • #17,528
  • Mar 28, 2011 5:19am Mar 28, 2011 5:19am
Quoting ozzieb88
What a boring morning!!
Less see how far will go, stop 14092 fist target 13980? Down we go 15 min chart eur/usd
  • #17,529
  • Mar 28, 2011 5:23am Mar 28, 2011 5:23am
Quoting leonarrdo
Down we go 15 min chart eur/usd
Can you post a chart please, thanks.
  • #17,530
  • Mar 28, 2011 5:43am Mar 28, 2011 5:43am
New trigger number on 5min Eddie from the close of the 13:30 (GMT) bar, next bar up confirming buying. Looking for a test of the trigger now for a long opportunity.
  • #17,531
  • Mar 28, 2011 5:46am Mar 28, 2011 5:46am
Quoting KinsaleForex
New trigger number on 5min Eddie from the close of the 13:30 (GMT) bar, next bar up confirming buying. Looking for a test of the trigger now for a long opportunity.
...or it could just move up without testing, that's cool too.

  • #17,532
  • Mar 28, 2011 5:52am Mar 28, 2011 5:52am
Too early IMHO Liam - I'd wait for US to open (10 mins) and 1 hour after that we have the only real news today - home sales. The next 1.5 hours should give us a better indication of whether this is accumulation or not.

Edit: I would like to see a shakeout on the news today and a drift up towards 1.41 as a clear indication of strength for the rest of the week
Blogging daily now at www.volume.zone
  • #17,533
  • Mar 28, 2011 6:15am Mar 28, 2011 6:15am
Quoting Steve Gill
Too early IMHO Liam - I'd wait for US to open (10 mins) and 1 hour after that we have the only real news today - home sales. The next 1.5 hours should give us a better indication of whether this is accumulation or not.

Edit: I would like to see a shakeout on the news today and a drift up towards 1.41 as a clear indication of strength for the rest of the week
Well the thing with the triggers is we're not looking for massive moves, there was clearly some strength there as it moved 30 odd pips from the trigger line. That would've been plenty had it tested and given me an entry!

There is news at 3, but it's not exactly a massive one. Not often we get a lot of movement on it.
  • #17,534
  • Mar 28, 2011 6:24am Mar 28, 2011 6:24am
Quoting KinsaleForex
Well the thing with the triggers is we're not looking for massive moves, there was clearly some strength there as it moved 30 odd pips from the trigger line. That would've been plenty had it tested and given me an entry!
After I wrote that I did think to myself that you're trading slightly differently to me, so the 20 or 30 pips could be what you're looking for.

OK, to help my learning process, what would your exit signal have been (or would you still be in the trade right now?)
Blogging daily now at www.volume.zone
  • #17,535
  • Mar 28, 2011 6:30am Mar 28, 2011 6:30am
Quoting Steve Gill
After I wrote that I did think to myself that you're trading slightly differently to me, so the 20 or 30 pips could be what you're looking for.

OK, to help my learning process, what would your exit signal have been (or would you still be in the trade right now?)
A simple 1:1 ratio depending on what my stop would have been.

Ok i've gotta get away from the charts cos i'm getting annoyed with this.
  • #17,536
  • Mar 28, 2011 6:46am Mar 28, 2011 6:46am
Quoting PipPipPip
Daily/weekly shows that it seems to be having trouble breaking monthly volume at 1.40316. That support area has bulls with steroids. It is a verrrrrry strong area.

ADD:

Oh, and um, weekend closed above 1.40316 and 1.40500. oh ya.
AreA confirmed on 1 hour bar. Going long baby. Stopping at 4265-4331. Sl at 3985.

From up to, pshort and targeting 3988
  • #17,537
  • Mar 28, 2011 6:52am Mar 28, 2011 6:52am
I like a long on the gu to retest 6050. m waiting for a test or ns on the lower time-frames for an entry.
  • #17,538
  • Mar 28, 2011 7:02am Mar 28, 2011 7:02am
The hour has made double confirmation, closing on downbar ns two days ago. This should be a nice retracement.

I'm no fundies but can some one please post what the results are for the us fundies reports compared to forecasted?
  • #17,539
  • Mar 28, 2011 7:07am Mar 28, 2011 7:07am
Quoting Sonofsin5
I like a long on the gu to retest 6050. m waiting for a test or ns on the lower time-frames for an entry.
See how we do.
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  • #17,540
  • Mar 28, 2011 7:09am Mar 28, 2011 7:09am
Quoting Sonofsin5
See how we do.
The movement on gu is so similar to eu at this moment.
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