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vsa with Malcolm

  • #18,821
  • Apr 19, 2011 2:35am Apr 19, 2011 2:35am
Quoting 1pipperhour
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.
Thank you very much, I'll definitely get them...

Les_Paul
  • #18,822
  • Apr 19, 2011 3:03am Apr 19, 2011 3:03am
Hello

As we can see

Vertical lines i marked show us some buying pressure...On 30 min and 1h

Second line broke above my TRIGGER No. and we are no in the range

My opinion is that we should see now test of that 1h chart second vertical bar i marked and that that could be our entry

This is now good time to switch to smaller TF

Mark that 30 min or 1h whatever by horizontal line on its close and low point and we are watching for a trades on the smaller TF from those areas

To get on point i would like now to see an test on that 1.4227 and if it is valid..Test , or we get an nosupply bar there i would get in with a small position long ..and my first TP would be around 1.4333

More secure entry would be waiting for an test from the above on that 1.4333 son in that case we would be sure that all the volume from the last day was buying ...

All the best
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h 6e.jpg Size: 143 KB
Click to Enlarge Name: 30 min 6e.jpg Size: 131 KB
Work smart not hard
  • #18,823
  • Edited 3:43am Apr 19, 2011 3:11am | Edited 3:43am
Ideal place for SL might be 1.4185

Ideal place for long entry would be an test or no supply bar on 1.4220

And also what might happen is that we go to test low of that 1h bar wich might be the same place where our SL is

So i just sit and wait for now ...

But look on 12 min how nice test of the vertical marked bar was(4 bars after)

More agressive traders i belive that they are alredy in..with a long
Attached Image (click to enlarge)
Click to Enlarge Name: 12 min 6e.jpg Size: 143 KB
Work smart not hard
  • #18,824
  • Apr 19, 2011 3:53am Apr 19, 2011 3:53am
Guys i am long 1.4240

There was a nice test
Work smart not hard
  • #18,825
  • Apr 19, 2011 3:58am Apr 19, 2011 3:58am
SL 1.4210

TP 1.4333
Attached Image(s) (click to enlarge)
Click to Enlarge Name: entry MT4.jpg Size: 131 KB
Click to Enlarge Name: entry TG.jpg Size: 150 KB
Work smart not hard
  • #18,826
  • Apr 19, 2011 4:08am Apr 19, 2011 4:08am
When we close above DAILY PIVOT(1.4253) i will move my SL bellow , few ticks of that TEST bar i sent as a marked one on my chart..wich would be 1.4230

For now i keep it 1.4210
Work smart not hard
  • #18,827
  • Apr 19, 2011 4:30am Apr 19, 2011 4:30am
No demand at 1.4270 on EURUSD M15
  • #18,828
  • Apr 19, 2011 4:34am Apr 19, 2011 4:34am
Ok now i am moveing my SL to BE +1 entry coos 30 min looks bad..No demandish so i expect an pull back and maybe better opprotynity to buy if it stoped me

SL 1.4241
Work smart not hard
  • #18,829
  • Apr 19, 2011 4:36am Apr 19, 2011 4:36am
Quoting dvarrin
No demand at 1.4270 on EURUSD M15

There needs to be clear signs of weakness in the background
  • #18,830
  • Apr 19, 2011 4:37am Apr 19, 2011 4:37am
Quoting dvarrin
No demand at 1.4270 on EURUSD M15
:/
I saw that too and went short...

Par on me, just another lesson to add to my ever growing book.
  • #18,831
  • Apr 19, 2011 4:38am Apr 19, 2011 4:38am
Quoting NaughtyPip
There needs to be clear signs of weakness in the background
Yes :-((
  • #18,832
  • Apr 19, 2011 4:44am Apr 19, 2011 4:44am
Quoting NaughtyPip
There needs to be clear signs of weakness in the background
How much do we look back for weakness? Because on the hourly chart there was a wide spread up bar closing at the low right at this level. We could well see an upthrust now.
  • #18,833
  • Apr 19, 2011 4:45am Apr 19, 2011 4:45am
Quoting Shadip
:/
I saw that too and went short...

Par on me, just another lesson to add to my ever growing book.

Also even if there was weakness in background, you would wait for the break of the no demand candle, you wouldnt just enter when it appears.
  • #18,834
  • Apr 19, 2011 4:49am Apr 19, 2011 4:49am
Quoting NaughtyPip
Also even if there was weakness in background, you would wait for the break of the no demand candle, you wouldnt just enter when it appears.
Yes ;-) That I did :-)
  • #18,835
  • Apr 19, 2011 4:57am Apr 19, 2011 4:57am
Ooohh! Some sign of Top Reversal?!!
  • #18,836
  • Apr 19, 2011 5:02am Apr 19, 2011 5:02am
Quoting dvarrin
No demand at 1.4270 on EURUSD M15
You should always look what the trend is. If we are in an uptrend then nd-s have mostly (there are exeptions) no value. Same thing is with ns-s in downtrend.

And yes, you should always look at the background. If you see strength look for ns-s/tests, if you see weakness then look for nd-s/tests/ut-s. And if you are into triggers then you should look for these signs near them. That's all there is
  • #18,837
  • Apr 19, 2011 5:09am Apr 19, 2011 5:09am
Quoting 1pipperhour
You should always look what the trend is. If we are in an uptrend then nd-s have mostly (there are exeptions) no value. Same thing is with ns-s in downtrend.

And yes, you should always look at the background. If you see strength look for ns-s/tests, if you see weakness then look for nd-s/tests/ut-s. And if you are into triggers then you should look for these signs near them. That's all there is
Thank you for your help 1pipperhour! It looks so simple when somebody else explain it.

Well I'm still waiting for a possible entry. I'm looking for NS on GBPUSD and for EURUSD, well, I don't know exactly. It looks like it won't reverse before 1.4306, if it reverses at all!
  • #18,838
  • Apr 19, 2011 5:45am Apr 19, 2011 5:45am
Quoting NaughtyPip
Also even if there was weakness in background, you would wait for the break of the no demand candle, you wouldnt just enter when it appears.
Yeah exactly, lack of dicipline.

I should know better, had no trades yesterday waiting for the market to come to me and just got to pipthirsty just glad I know when to cut a loss (Y)
  • #18,839
  • Apr 19, 2011 6:02am Apr 19, 2011 6:02am
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
Tadawul FX
Today's zone = Tomorrow's opportunity!
  • #18,840
  • Apr 19, 2011 6:48am Apr 19, 2011 6:48am
Almost a 100 pips move since London Opening and no NS or test to enter :-((
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