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vsa with Malcolm

  • #18,801
  • Apr 18, 2011 1:05pm Apr 18, 2011 1:05pm
here is current image from TG MT4.
We're below the diamonds.
EU-15 minute chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EUWEAK.jpg Size: 156 KB
  • #18,802
  • Apr 18, 2011 1:09pm Apr 18, 2011 1:09pm
I love another forum here which is entitled trade what you see. It is very closely aligned with something that I have observed on the forex that is very similar to the junior stock market, a place I hung my hat for 15 years.

I feel that the EU needs one more "bucket" of high accumulation. In other words, it requires one more sudden downdraft, capitulation and then she goes north. If she goes north at all.

It happens about 85% of the time, that currencies or commodities fall down in three big separate falls. Tops somewhat the same, but not quite as reliable.

Just my observation, it has provided a nice income.
  • #18,803
  • Apr 18, 2011 1:24pm Apr 18, 2011 1:24pm
Switched to the 1 hour chart then switched back to the 15 minute and suddenly these red arrows appeared and some green gone. Repaint??
Attached Image (click to enlarge)
Click to Enlarge Name: EUREPAINT.jpg Size: 175 KB
  • #18,804
  • Edited 3:00pm Apr 18, 2011 2:04pm | Edited 3:00pm
Quoting steroidman
...It happens about 85% of the time, that currencies or commodities fall down in three big separate falls. Tops somewhat the same, but not quite as reliable.

Just my observation, it has provided a nice income.
Great that you mentioned it. That's my observation too. But often I do not immagine how far the third wave can go... and therefore I am missing out a good amount of pips.

However, better e few green than a truckload of red ( pips of course).
  • #18,805
  • Apr 18, 2011 4:31pm Apr 18, 2011 4:31pm
Quoting dvarrin
In the Master the Market book from Tom Williams a breakout upward is called an "Effort to Rise" and it is written that if the next bar is down on high volume, then the effort failed and we should look for a short.

Is there a better way to analyse what happens after an effort to rise? It's not clear what to do. Sometime they say that if the next bar close is at the same level as the effort bar close then the effort was successful. Or they also say that if the next bar makes a higher high it is also a confirmation, even if it closes below the...
I don't trade breakouts specifically nor do I trade effort to rise... do I recognize it? Sure same as no buying pressure but do not specifically trade it.

I mainly trade triggers and VSA set-ups into them.
Today's zone = Tomorrow's opportunity!
  • #18,806
  • Apr 18, 2011 4:31pm Apr 18, 2011 4:31pm
Quoting mzvega
Pres,
You have a excellent understanding of Market action
Thank you very much for your kind words.
Today's zone = Tomorrow's opportunity!
  • #18,807
  • Apr 18, 2011 4:34pm Apr 18, 2011 4:34pm
Quoting dvarrin
Where do we put the trigger line(s) when there is a very high volume down bar closing near the low and followed by an other downbar with a bit lower volume. On the close of the first bar or the close of the second one?
Typically it is the most recent, highest volume bar looking left... I also will consider highest volume level within current PA zone. I take trades off high volume triggers even when I see higher volume bars to the left but the trigger for this higher volume bar is NOT within current PA zone.
Today's zone = Tomorrow's opportunity!
  • #18,808
  • Apr 18, 2011 5:11pm Apr 18, 2011 5:11pm
Quoting pres78
Typically it is the most recent, highest volume bar looking left... I also will consider highest volume level within current PA zone. I take trades off high volume triggers even when I see higher volume bars to the left but the trigger for this higher volume bar is NOT within current PA zone.
not understanding that last sentence...would you mind clarifying a little more pres?
  • #18,809
  • Apr 18, 2011 5:15pm Apr 18, 2011 5:15pm
Quoting inks2002
SOS for the dollar? maybe eh? looks like a squat bar on the weekly as we approach the low from 09...
nice start to the week for this, would like it to test 75.83 level after it rises above.

don't really follow the /dx that much but just some observations.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-04-18 at 8.13.17 PM.png Size: 25 KB
  • #18,810
  • Apr 18, 2011 5:21pm Apr 18, 2011 5:21pm
Quoting inks2002
not understanding that last sentence...would you mind clarifying a little more pres?
Sure... hope this chart clarifies what I was trying to say.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 35 KB
Today's zone = Tomorrow's opportunity!
  • #18,811
  • Apr 18, 2011 6:06pm Apr 18, 2011 6:06pm
Quoting pres78
Sure... hope this chart clarifies what I was trying to say.
oh ok so you are saying price could move back down from where it is and possibly test that trigger line? If so makes sense, thank you for the chart!
  • #18,812
  • Apr 18, 2011 6:11pm Apr 18, 2011 6:11pm
Tradeguider License RT V4 for sale including Boot Camp CD by Todd Krueger. $2000.00. Buyer pays transfer fee of $990.00. Serious replies only please. Shoot me a private message
  • #18,813
  • Apr 18, 2011 10:48pm Apr 18, 2011 10:48pm
Quoting pres78
Typically it is the most recent, highest volume bar looking left... I also will consider highest volume level within current PA zone. I take trades off high volume triggers even when I see higher volume bars to the left but the trigger for this higher volume bar is NOT within current PA zone.
Thank you very much for your help pres78 :-)
  • #18,814
  • Apr 18, 2011 11:17pm Apr 18, 2011 11:17pm
In a trading range, when the volume increases on the down moves, is it a sign a strength or a sign of weakness?

I mean, does the high volume happen because SM is bullish and they buy when the price is low or something else happens?
  • #18,815
  • Apr 18, 2011 11:37pm Apr 18, 2011 11:37pm
Quoting pres78
Sure... hope this chart clarifies what I was trying to say.
Pres, could you pls write what broker you use? I've been trying to find the best MT4 broker for VSA and I like the volume of your broker. It shows the high volume bars much better than my IBFX Australia....

Thanks a lot

Les_Paul
  • #18,816
  • Apr 18, 2011 11:39pm Apr 18, 2011 11:39pm
Quoting dvarrin
In a trading range, when the volume increases on the down moves, is it a sign a strength or a sign of weakness?

I mean, does the high volume happen because SM is bullish and they buy when the price is low or something else happens?
A healthy downmove will have increase volume, but not excessive. i think it depends on how high the volume is, also take note the spread of the bars. if the bottom bar is a squat on a trigger/SR level, thats probably potential buying.
  • #18,817
  • Apr 18, 2011 11:45pm Apr 18, 2011 11:45pm
Quoting Mtm
A healthy downmove will have increase volume, but not excessive. i think it depends on how high the volume is, also take note the spread of the bars. if the bottom bar is a squat on a trigger/SR level, thats probably potential buying.
Thank you Mtm!!
  • #18,818
  • Apr 19, 2011 12:07am Apr 19, 2011 12:07am
What is the term SM guys?
  • #18,819
  • Apr 19, 2011 12:23am Apr 19, 2011 12:23am
Quoting Les_Paul
Pres, could you pls write what broker you use? I've been trying to find the best MT4 broker for VSA and I like the volume of your broker. It shows the high volume bars much better than my IBFX Australia....

Thanks a lot

Les_Paul
If I may. Don't use IBFX Australia. We have compared different brokers and FXCM's MT4 (I use it) volume is pretty similar to e-signal's volume.
  • #18,820
  • Apr 19, 2011 12:25am Apr 19, 2011 12:25am
Quoting steroidman
What is the term SM guys?
Smart Money aka Big Boys.
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