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vsa with Malcolm

  • #17,981
  • Apr 1, 2011 10:18am Apr 1, 2011 10:18am
There was accumulation all week with a massive shakeout today.



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  • #17,982
  • Apr 1, 2011 10:22am Apr 1, 2011 10:22am
Quoting malcolmb14
got in 4100 on a trigger line still holding . may hold this one into 4250 test


nice trade for 1st day back in the real world
Beauty... god love the trigger lines...
Today's zone = Tomorrow's opportunity!
  • #17,983
  • Apr 1, 2011 10:24am Apr 1, 2011 10:24am
DPP at 4170... are we seeing some supply coming in on the 15min charts?
Today's zone = Tomorrow's opportunity!
  • #17,984
  • Apr 1, 2011 10:26am Apr 1, 2011 10:26am
Quoting malcolmb14
got in 4100 on a trigger line still holding . may hold this one into 4250 test


nice trade for 1st day back in the real world
According to which timeframe you took that trade?
  • #17,985
  • Apr 1, 2011 10:26am Apr 1, 2011 10:26am
Please check out my another indicator named iPolo - VolumeMonitor v2.2. It monitor the signals of Better Volume, you need it as well.

Quoting pipon
Hi Polomine , is there any way to add alert to the Volumebars ?

I mean that an alert that beeps when the volume on the last bar is higher than 1.3xthe avg 3 bars before it, OR/AND lower then 0.8x the avg of last 3 bars

I belive it can save us all some screen time
  • #17,986
  • Apr 1, 2011 10:40am Apr 1, 2011 10:40am
Quoting polomine
Please check out my another indicator named iPolo - VolumeMonitor v2.2...
looked back at your posts and GOT IT !! Thanks
I had the feeling I wasnt the first to think about it....
  • #17,987
  • Apr 1, 2011 10:49am Apr 1, 2011 10:49am
Malc and Jason, if you could throw up some charts for your trades today i'd really appreciate it. Pres, did you just see the reaction to 4060 and decide to buy or was it a test on a previous trigger?

Cheers
  • #17,988
  • Apr 1, 2011 10:49am Apr 1, 2011 10:49am
Not sure how everyone else daily chart is looking but the last 3 days I have a SO (highest volume in 5 days), SO confirmation and today is shaping up to be a hidden test of that ever famous 4060 level. Next week we will be testing that old 2010 high IMHO and if (big if) EU rate hike happens next week 1.44-1.45 could be in the cards since any EU issues so to speak don't seem to be on the minds of the SM...

It's the old catch 22... good or bad news can hurt or help the US currency... it all comes down to risk on or off... Many time what is looked at as good US news which should strengthen the dollar does the opposite as it improves risk appetite and currencies like EUR and stock etc... soar as opposed to the US dollar.

Just look at EU, GU and oil as just 3 examples... all had major SO's off the NFP and all have more than recovered from their drops.
Today's zone = Tomorrow's opportunity!
  • #17,989
  • Apr 1, 2011 10:53am Apr 1, 2011 10:53am
Quoting KinsaleForex
Malc and Jason, if you could throw up some charts for your trades today i'd really appreciate it. Pres, did you just see the reaction to 4060 and decide to buy or was it a test on a previous trigger?

Cheers
When I commented on 4060 earlier today after NFP drop started I set a buy for 4 lots at 4065 with a stop at 4050... Little risk for huges gains off a pure demand level which has proven itself time and time again for the last week... no charts as not VSA related entries.

I add one lot each at 4100 off a 5 min test of a 5min trigger level and then again at 4140 off a test of today's VAL.
Today's zone = Tomorrow's opportunity!
  • #17,990
  • Apr 1, 2011 10:56am Apr 1, 2011 10:56am
Quoting pres78
When I commented on 4060 earlier today after NFP drop started I set a buy for 4 lots at 4065 with a stop at 4050... Little risk for huges gains off a pure demand level which has proven itself time and time again for the last week... no charts as not VSA related entries.

I add one lot each at 4100 off a 5 min test of a 5min trigger level and then again at 4140 off a test of today's VAL.
nice. i am still in from 4088 and several add ins from there on up. i am giing to take profit at 4220 and see where it ridwes from there.

ADD:
closed early with a alittle shy of 130 pips for since hour did not close above the trigger. im not happy im not upseet
  • #17,991
  • Apr 1, 2011 11:03am Apr 1, 2011 11:03am
Quoting pres78
When I commented on 4060 earlier today after NFP drop started I set a buy for 4 lots at 4065 with a stop at 4050... Little risk for huges gains off a pure demand level which has proven itself time and time again for the last week... no charts as not VSA related entries.

I add one lot each at 4100 off a 5 min test of a 5min trigger level and then again at 4140 off a test of today's VAL.
Chart for VSA based trades...

Red line 1 is a low volume trigger... reason for taking this was we had stopping volume on the next bar with confirmation of stopping volume right after. 2 nice upbars (bounce off 4060) and then a NS and a NS / test that closed above that low volume trigger... (Do not try this at home ). The fact that it was a test based on previous 2 bars but actually higher volume than the trigger bar was actually a nice confirmation that the bounce was good and should continue.

Red line 2 was entry bar for above. This trade is closed.

Red line 3 was a test of the VAL.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #17,992
  • Apr 1, 2011 11:07am Apr 1, 2011 11:07am
Quoting pres78
Chart for VSA based trades...

Red line 1 is a low volume trigger... reason for taking this was we had stopping volume on the next bar with confirmation of stopping volume right after. 2 nice upbars (bounce off 4060) and then a NS and a NS / test that closed above that low volume trigger... (Do not try this at home ). The fact that it was a test based on previous 2 bars but actually higher volume than the trigger bar was actually a nice confirmation that the bounce was good and should continue.

Red line 2 was entry bar for above....
i am now curiuos if this upthrust pass the 4155 mark has created this 4155 a new trigger... study again.. bleh
  • #17,993
  • Apr 1, 2011 11:09am Apr 1, 2011 11:09am
Quoting PipPipPip
i am now curiuos if this upthrust pass the 4155 mark has created this 4155 a new trigger... study again.. bleh
Tis the nature of this business... study, anylise and wait...
Today's zone = Tomorrow's opportunity!
  • #17,994
  • Apr 1, 2011 11:12am Apr 1, 2011 11:12am
So London took EU and GU straight up with no Friday afternoon profit taking before they left... interesting. This drop off is coming after they closed.
Today's zone = Tomorrow's opportunity!
  • #17,995
  • Apr 1, 2011 11:13am Apr 1, 2011 11:13am
Quoting pres78
When I commented on 4060 earlier today after NFP drop started I set a buy for 4 lots at 4065 with a stop at 4050... Little risk for huges gains off a pure demand level which has proven itself time and time again for the last week... no charts as not VSA related entries.

I add one lot each at 4100 off a 5 min test of a 5min trigger level and then again at 4140 off a test of today's VAL.
Figured you'd done something like that, nice one. Cheers for the chart above too.

Enjoy your weekend everyone.
  • #17,996
  • Apr 1, 2011 11:13am Apr 1, 2011 11:13am
Quoting pres78
So London took EU and GU straight up with no Friday afternoon profit taking before they left... interesting. This drop off is coming after they closed.

it almost seems that if there were no new NFP news today, we would have gone towards pass 1.4250. Instead supply came in. however it seems that there is heavier demand pass 1.4155(where we were before news) thus the easy pass up...
  • #17,997
  • Apr 1, 2011 11:15am Apr 1, 2011 11:15am
http://clip2net.com/s/RsnG

I like when the prices on M1 chart give you the chance to enter with minimal stop loss, like it did today morning, at 1.4060 level. next M1 candle we had 29 pips rising just in 1 minute.
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  • #17,998
  • Apr 1, 2011 11:16am Apr 1, 2011 11:16am
overall today i only came out at half what i made. and because of a good trigger pres.
  • #17,999
  • Apr 1, 2011 11:18am Apr 1, 2011 11:18am
Quoting PipPipPip
it almost seems that if there were no new NFP news today, we would have gone towards pass 1.4250. Instead supply came in. however it seems that there is heavier demand pass 1.4155(where we were before news) thus the easy pass up...
We saw a SO not really supply coming in per say... also the demand came in hard again at 4060... I mean the whole thing now in hindsight is just so obvious.. SM say an opportnity to shake the hell out of the market wiping out weak longs, trapping all kinds of people short just to stop it on a dime right at 4060 again and then they smile, say thank you and bring it right back up to a nice 150 pip daily range.

News is just a reason and opportunity for them to manipulate the charts and wipe out all the little guys.
Today's zone = Tomorrow's opportunity!
  • #18,000
  • Apr 1, 2011 11:21am Apr 1, 2011 11:21am
Quoting pres78
Chart for VSA based trades...

Red line 1 is a low volume trigger... reason for taking this was we had stopping volume on the next bar with confirmation of stopping volume right after. 2 nice upbars (bounce off 4060) and then a NS and a NS / test that closed above that low volume trigger... (Do not try this at home ). The fact that it was a test based on previous 2 bars but actually higher volume than the trigger bar was actually a nice confirmation that the bounce was good and should continue.

Red line 2 was entry bar for above. This trade...
Red line 2 and 3 look far more safer entries than .4065. Entry @0473 after NS bar would have also been a good place for entry for riskier traders. I think buy limit @0465 and stop @0450 was very risky as there were previously spikes which were lower and Monday's POC on my chart is @4051. So you are one hell of a lucky guy I must admit
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