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vsa with Malcolm

  • #18,661
  • Apr 14, 2011 2:23pm Apr 14, 2011 2:23pm
Here's 4hr but I don't have access to a decent daily feed.
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  • #18,662
  • Apr 14, 2011 2:38pm Apr 14, 2011 2:38pm
Quoting KinsaleForex
Here's 4hr but I don't have access to a decent daily feed.
Ty :-)

And for intraday you have esignal?
  • #18,663
  • Apr 14, 2011 2:48pm Apr 14, 2011 2:48pm
Quoting dvarrin
Ty :-)

And for intraday you have esignal?
All the charts I post are esignal, yes.
  • #18,664
  • Apr 14, 2011 3:05pm Apr 14, 2011 3:05pm
EU daily bar still has me bullish... Highest close this year and a close well on it's high with a nice long bottom wick which was well bought on increased volume... I stay with my theory from yesterday that if we take out that high on Friday we will see 4650ish... too far from 4700 but 4630-4650 still very reasonable. NS taken out within 2 days... all by the rules
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Today's zone = Tomorrow's opportunity!
  • #18,665
  • Apr 14, 2011 3:08pm Apr 14, 2011 3:08pm
Quoting pres78
Yes well why would London not want to take this back down reversing what Asia did without them and then London and NY have the whole days range to take it back up again... SO / markdown to buy back in at better prices... But I am in the car and haven't looked at a chart in awhile so I am really just rambling.
Well I was locked away all day in meetings with a new client but it appears my in the car cattle call came to fruition... Asia took it up, London down until 1hr before NY open and then they took it back up... nice ADR too at 150 pips.
Today's zone = Tomorrow's opportunity!
  • #18,666
  • Apr 14, 2011 4:02pm Apr 14, 2011 4:02pm
Quoting inks2002
Could anyone comment on this....When do you guys feel a NS/ND/test bar is invalidated? Would a test/NS be invalidated if its low is broken on the next bar (usually I would consider it invalidated, but...)? What happens if it is but the next bar rockets over the high of the NS/test, is it still valid? Still within the 2 bar guideline.

For ND I often see like HG a upthrust after it so these I am a little more giving, but would like a comment on the ND as well. Thanks in advance.
Here is an example I saw today...the bar with the cursor over it was a NS, not a very in your face one, but a NS. Next we had what looked like a shakeout in a way and the next bar after brought us up to the high of the NS. granted the second bar did not rocket over the NS (lets just say it did a tick or two over) based on my description above would you guys consider this NS invalid due to its low being taken out? I took the trade as I considered this a retrace from the recent high.
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  • #18,667
  • Edited 6:16pm Apr 14, 2011 4:03pm | Edited 6:16pm
Very simple VSA day on EU today...

1. Green line 1 - is highest volume bar thus far (and of the day) giving a possible trigger
2. Upbar confirming the SO type bar previous
3. Red line 1 - NS/test and possible long entry 1 (no move away but and entry still)
4. 2 bar later we have a squat downbar and a good entry with confirmed strength in the background
5. Green line 2 - Another high volume bar giving a second trigger
6. Red line 2 - NS and another long entry
7. Red line 3 - NS and another long entry

Now we have started to see some roll over...

Yellow box bars

1. KRB taking us below the higher trigger
2. Possible 2 bar reversal taking us back above the trigger...
3. No buying pressure and a possible short entry (risky as we are above trigger and this bars low is on the trigger level)
4. Increased volume downbar but still above trigger
5. Squat still above trigger
6. Squat still above trigger

This series of PA leaves some confusion but since we have stayed so close to the trigger I am ready to go either way. That No buying pressure stands out and has me short biased.

8. Red line 4 - a test of the higher trigger... we closed right on the trigger and a nice short entry
9. I didn't mark it but that bar 3 later is a major SOW... big time No Buying Pressure
10. Red line 5 - is another beauty short entry with a test of the trigger with the bars high right on the higher trigger
11. Two bars later we have two important bars one after the other as we take out and close below the higher trigger's low and then lower trigger. The bar after takes out the lower triggers low and opens up more downside.

There were some nice entries on the way back up too but hey you get the drift and I have taken up enough of your time... have a great night.
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Today's zone = Tomorrow's opportunity!
  • #18,668
  • Apr 14, 2011 4:05pm Apr 14, 2011 4:05pm
Quoting inks2002
Here is an example I saw today...the bar with the cursor over it was a NS, not a very in your face one, but a NS. Next we had what looked like a shakeout in a way and the next bar after brought us up to the high of the NS. granted the second bar did not rocket over the NS (lets just say it did a tick or two over) based on my description above would you guys consider this NS invalid due to its low being taken out? I took the trade as I considered this a retrace from the recent high.
The high was not taken out within 2 bars... I prefer not to have the low taken out but I am sure I have taken trades even after it was but in this example the 2 bar rule invalidates it.
Today's zone = Tomorrow's opportunity!
  • #18,669
  • Apr 14, 2011 4:24pm Apr 14, 2011 4:24pm
Quoting pres78
The high was not taken out within 2 bars... I prefer not to have the low taken out but I am sure I have taken trades even after it was but in this example the 2 bar rule invalidates it.
True True, I guess I was living on the edge this time ha. Position on this one was half normal so I considered it a good risk/reward. Thanks for the input, you are right though, it really should have been invalid.
  • #18,670
  • Apr 14, 2011 6:31pm Apr 14, 2011 6:31pm
Quoting dvarrin
Hi,

I don't understand the principle of an effort to rise. If a bar is breaking out of a trading range, lets say upwards, what to we have to see so that that bar is confirmed. It is written that if the next bar is an up bar, then the move is likely to continue. But it is also written that if it is a test, then the up move is also confirmed.

What is the exact rule to read and confirm an effort to rise?

I've put an example in attachement. The 3rd bar after the vertical line is breaking out of the trading range. The next bar is an up bar with...
You are focused on the wrong bars... Also 3 bars after the vertical line is a downbar so it can't be effort to rise.

Very simple...

Wide spread, high volume bar right before your red line giving us a possible trigger as marked by your lower line at 1.04716 not watch what happens after.

We have an upbar on decent volume showing us that downbar had buyers.

Then we have another downbar on increased volume followe by another upbar... more buyers.

Then another downbar again closing on it's low followed by... yep an upbar... more buyers. This one even made a lower low and still closed on it's high...

Then we had a ND... HMM right into the trigger. SOW?

The next 2 bars clear the air for us... we have a squat bar. Big increase in volume, less spread and we couldn't even close below the ND's low. Also the volume is one of the highest in some time but we didn't go anywhere... effort to fall / squat bar with every sell being met by buyers. The next bar is a KRB giving us a close above the trigger and the highest close in 7 bars.

Now we are looking for a test / NS to get in long.

My 3 red lines are a hidden test, NS and a No selling pressue all of which are good long entries.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #18,671
  • Apr 14, 2011 7:09pm Apr 14, 2011 7:09pm
why do you label that a no selling pressure as apposed to labeling it a NS.....is it because the close is on the low and not more towards the middle like a NS should possibly have?
  • #18,672
  • Apr 14, 2011 9:43pm Apr 14, 2011 9:43pm
Quoting inks2002
why do you label that a no selling pressure as apposed to labeling it a NS.....is it because the close is on the low and not more towards the middle like a NS should possibly have?
Yes.
Today's zone = Tomorrow's opportunity!
  • #18,673
  • Apr 14, 2011 11:07pm Apr 14, 2011 11:07pm
Quoting pres78
You are focused on the wrong bars... Also 3 bars after the vertical line is a downbar so it can't be effort to rise.

Very simple...

Wide spread, high volume bar right before your red line giving us a possible trigger as marked by your lower line at 1.04716 not watch what happens after.

We have an upbar on decent volume showing us that downbar had buyers.

Then we have another downbar on increased volume followe by another upbar... more buyers.

Then another downbar again closing on it's low followed by... yep an upbar... more buyers. This...
Ty for the analysis pres78 ;-)
  • #18,674
  • Apr 14, 2011 11:09pm Apr 14, 2011 11:09pm
At what time do we have to look for VSA signals? Are you trading only while the markets are open? Are you specifically watching what happens on market oppening? Are you trading during the night?
  • #18,675
  • Apr 14, 2011 11:11pm Apr 14, 2011 11:11pm
Looks like no demand for EU.
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  • #18,676
  • Apr 15, 2011 12:11am Apr 15, 2011 12:11am
Quoting hutrader
Looks like no demand for EU.
Franky fake.....
Don't be a hero. Don't have an ego. Always question yourself
  • #18,677
  • Apr 15, 2011 1:15am Apr 15, 2011 1:15am
New book some of us might be interested in:
http://www.amazon.com/Trades-About-H.../dp/0470487801

Out September.
Seb
  • #18,678
  • Apr 15, 2011 1:47am Apr 15, 2011 1:47am
What is the corresponding down bar for a bearish market of an effort to rise bar?
  • #18,679
  • Apr 15, 2011 2:16am Apr 15, 2011 2:16am
Weakness on EURUSD M15 chart? Entry short at 1.4457 perhaps
  • #18,680
  • Apr 15, 2011 2:37am Apr 15, 2011 2:37am
Quoting dvarrin
Weakness on EURUSD M15 chart? Entry short at 1.4457 perhaps
Looking at the 5min I can't tell what it's doing at the moment! There was a failed test of a trigger line @ 10:15 GMT. I'm staying out for now anyway.
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