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vsa with Malcolm

  • #18,481
  • Apr 12, 2011 6:27am Apr 12, 2011 6:27am
Thought the same
Quoting KinsaleForex
Ahhhh, so you are human.

  • #18,482
  • Apr 12, 2011 6:27am Apr 12, 2011 6:27am
Time to close?
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  • #18,483
  • Apr 12, 2011 6:28am Apr 12, 2011 6:28am
Hi,

The difference of volume between two brokers might be crazy! For example, between InterbankFX and FxPro, the difference is so big that one is showing a trend with increasing volume while the other is showing the same trend with decreasing volume. The problem is that it can be missleading, because after a trend with decreasing volume you're usually looking for a reversal.

How do we integrate an higher time frame in the VSA analysis? For example if I'm using the 30M time frame, how do I determine wich higher timeframe I should use? It is possible that the H4 time frame is showing an up move and the daily is showing a down move. Which one to choose?

What are we looking for on the higher time frame? Do we try to find a trend and look for the reversal, on the lower time frame, of the retracement of the trend on the higher timeframe?

What should I search for to have a nice trade setup? I'm trying to do what I wrote above, but each time I get a reversal confirmation of a retracement it shortly after turn around again and it appears that the longer time frame trend has actually reversed.
  • #18,484
  • Apr 12, 2011 6:37am Apr 12, 2011 6:37am
Is there a Climax immediately followed by a test on USDCHF M15? Or am I reading the chart wrong?
  • #18,485
  • Apr 12, 2011 6:38am Apr 12, 2011 6:38am
Quoting dvarrin
The difference of volume between two brokers might be crazy!
Sierra charts gives proper volumes for just 18-22$ per month, another option comes with eSignal service (more expensive but this is one of the best sources) - also you can check CollectiveFX demo account - pretty good data
  • #18,486
  • Apr 12, 2011 6:44am Apr 12, 2011 6:44am
Quoting malcolmb14
nice entry but spooked out. I think oil sees 105 this week. Still in a sell off 112, cheating a little and following the trend system in tradeguider .... but hey whatever works lol
Yes some demand came in right where I got out... The entry was sound and I bagged 40 pips so I can't complain.
Today's zone = Tomorrow's opportunity!
  • #18,487
  • Apr 12, 2011 6:46am Apr 12, 2011 6:46am
Quoting hutrader
Time to close?
Nice longing BTW ... sterling didn't go as far as I'd hoped, but my GY worked out slightly better. Although everything is still bid, other than the USD.
  • #18,488
  • Apr 12, 2011 6:51am Apr 12, 2011 6:51am
Quoting Beljevina
Nice longing BTW ... sterling didn't go as far as I'd hoped, but my GY worked out slightly better. Although everything is still bid, other than the USD.
Im still liking the gj to continue north. Massive high volume on the 15 min has me bullish.
  • #18,489
  • Edited 7:06am Apr 12, 2011 6:54am | Edited 7:06am
Quoting PipPipPip

On the daily, it kicks off the week as bearish, and since monday's bar ended with only 70 pip range, I see at least a test at 1.4360 ... towards 1.4360 area along and adding in if we get towards 1.42 area.
I woke up too late! again! in additional my long order was short by 15 pips. so angry. Well, I guess there is a new trigger at 1.4370-1.4380. looks like the trade balance for the US made a good stop at 1.4505. I guess I will not be entering another trade for today.

edit:
new trigger at 1.4470-1.4480
  • #18,490
  • Apr 12, 2011 6:55am Apr 12, 2011 6:55am
I think I am seeing squat bar..

Sonic
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  • #18,491
  • Edited 7:44am Apr 12, 2011 7:18am | Edited 7:44am
Short USDCAD on UT into resistance double top in harmony with 4H downtrend. SL @ 9670
************
Edit: added 30M chart showing UT
**************
Edit: Close transaction -19 pips, I was wrong. Time to conserve and protect the capital. Traders are only right if they are making money. No makey $$$ - no righty. Time for more VSA study and mental programming via Neuro Programmer software. Catch ya later.
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  • #18,492
  • Apr 12, 2011 7:36am Apr 12, 2011 7:36am
Hi I have heard something about options expiring in 1.4500 today so.. anyway today at 8:00 GMT i opened the station and there was selling climax in most of the pairs i looked, it was more or less something like this:

This is EJ M15:

A) Up-thrusht with confirmation
B) Succesfull Test
C) No-Suply Bar

I entered the break to the upside of C with a stop loss of 10 pips and a TP of 30, usually but no today i use 120 TP. Learn from my errors is the way.

http://img232.imageshack.us/img232/2397/91094303.jpg

Uploaded with ImageShack.us
Greetings, BeLikewater
  • #18,493
  • Apr 12, 2011 7:39am Apr 12, 2011 7:39am
Quoting BeLikeWater
Hi I have heard something about options expiring in 1.4500 today so.. anyway today at 8:00 GMT i opened the station and there was selling climax in most of the pairs i looked, it was more or less something like this:

This is EJ M15:

A) Up-thrusht with confirmation
B) Succesfull Test
C) No-Suply Bar

I entered the break to the upside of C with a stop loss of 10 pips and a TP of 30, usually but no today i use 120 TP. Learn from my errors is the way.
Looks good man. Only thing I would say is that A isn't an upthrust, it's the opposite.

An anti-upthrust or down thrust or reverse upthrust, whatever you want to call it
  • #18,494
  • Apr 12, 2011 7:43am Apr 12, 2011 7:43am
Quoting Sonofsin5
Im still liking the gj to continue north. Massive high volume on the 15 min has me bullish.
Actually, I was in a short pre-CPI, and it's finally working out - was looking for 136.3-ish. I'm not sterling optimistic, at least short-term. The yens have gotten squirrelly again, so tricky to predict IMO.
  • #18,495
  • Apr 12, 2011 8:02am Apr 12, 2011 8:02am
Quoting Beljevina
Actually, I was in a short pre-CPI, and it's finally working out - was looking for 136.3-ish. I'm not sterling optimistic, at least short-term. The yens have gotten squirrelly again, so tricky to predict IMO.
Yeah nice trade, I did not see that drop coming at a ll and got my hand caught in the cookie jar.
  • #18,496
  • Apr 12, 2011 8:14am Apr 12, 2011 8:14am
Quoting Sonofsin5
Yeah nice trade, I did not see that drop coming at a ll and got my hand caught in the cookie jar.
I'm really in awe of GY and EY - I trade the former primarily - just moved 150 pips south, in <1 hour. The charts and GY/EY scale of movement are very deceptive since one uses the same screen real estate as slow moving pairs - sterling moves 50/60 pips, GY travels 150, through many thresholds! One just has to be on the right side, otherwise the drawdown is killer.
  • #18,497
  • Apr 12, 2011 8:15am Apr 12, 2011 8:15am
Quoting dvarrin
Hi,

The difference of volume between two brokers might be crazy! For example, between InterbankFX and FxPro, the difference is so big that one is showing a trend with increasing volume while the other is showing the same trend with decreasing volume. The problem is that it can be missleading, because after a trend with decreasing volume you're usually looking for a reversal.

How do we integrate an higher time frame in the VSA analysis? For example if I'm using the 30M time frame, how do I determine wich higher timeframe I should use? It is possible...

I apologize for the intrusion on the thread. I posted once in this thread, I thought I paid someone a compliment in a post and I guess they complained. Go figure. This may not be VSA realted enough for the folks here, but I use vsa principles everyday. I wanted to offer suggustion on background. I Overlay more than one vol. indicator one with a higher TF and the other smaller. It gives me an idea on where Im at in relation to vol on another tf. Sorry if this went off topic, but I wanted to share how I use "background". Again I aplogize for the intrusion.
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Markets are not efficient, rather they are effective - Jones
  • #18,498
  • Apr 12, 2011 8:21am Apr 12, 2011 8:21am
Is it just me or has volume died big style in the last 1/2 hour? EU and GU.
Blogging daily now at www.volume.zone
  • #18,499
  • Apr 12, 2011 8:24am Apr 12, 2011 8:24am
Quoting Steve Gill
Is it just me or has volume died big style in the last 1/2 hour? EU and GU.
I have more than average volumes. Dukascopy.
  • #18,500
  • Apr 12, 2011 8:27am Apr 12, 2011 8:27am
Quoting Steve Gill
Is it just me or has volume died big style in the last 1/2 hour? EU and GU.
the 5min EU and GU printed the highest volume of the day at 16:05!
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