vsa with Malcolm | Page 944 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #18,861
  • Apr 19, 2011 10:43am Apr 19, 2011 10:43am
Quoting V_2008
Ok. What can you tell about this chart?

Is it possible to buy on a test where the arrow are placed or it is better to see price higher trigger line.

And the main thing what I want to know is where the bar which confirms this buying?!
Here you go... just my take on this chart.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #18,862
  • Apr 19, 2011 10:55am Apr 19, 2011 10:55am
Ok now i set my BE+40

I moved my SL by next logic...

I used today that 11 and 12min charts

What i do is mark that high volume bars and wide ranges ...i marked those with verical lines..We had 4 of those

Than i move my sl along with them...I put SL few ticks(5, 6 pips) below its low

If it get me out ok...But today was easy day and that method keept me all the way to the top almost

Now i moved SL a bit higher coos as you can see here is that MM line and as well i hate tradeing this period of the day ..I want to keep as much pips as i can


Senior traders comment is welcomed

All the best

Done for today
Attached Image (click to enlarge)
Click to Enlarge Name: SL.jpg Size: 136 KB
Work smart not hard
  • #18,863
  • Apr 19, 2011 11:00am Apr 19, 2011 11:00am
Could it possibly be because the LT trend is up???

Quoting V_2008
I can't understand why are you looking for buying?
1 green arrow: The highest volume on the chart, closing near middle of the bar.
2 green arrow: ND
3 green arrow:Something like an hidden up-thrust
4 green arrow: Also hidden up-thrust.
  • #18,864
  • Apr 19, 2011 11:14am Apr 19, 2011 11:14am
Quoting PipPipPip
It looks like the trigger is building some momentum to be either taken out or rejected. I am surprised with this lack of volume move from LO through UO...
took a trade over the phone. at 1.43108. Sl was at the close of the trigger. low risk trade. targeting 1.4364 at the end of closing day. could go higher, but hey, can't get all the best entries...
  • #18,865
  • Apr 19, 2011 11:18am Apr 19, 2011 11:18am
Quoting pres78
Here you go... just my take on this chart.
I would just like to comment on your words that market drifting down on low volume in a downtrend is an indication of exhaustion of bears.
I don't know which instrument this chart represents, but Wyckoff wrote that market drifting down on low volume is indeed bearish, because it means lack of public participation (public is too afraid to sell short, they are only prepared to buy). How many times have we heard general public shorting for example oil market during bearish moves, or a stock,..? Very rarely, I guess.
From my point of view the first indication of strength came when market moves down at 20:30 into previous high volume bars and holds the lows until 21:30.
  • #18,866
  • Apr 19, 2011 11:19am Apr 19, 2011 11:19am
Quoting sony
Guys i am long 1.4240

There was a nice test
Ok..I am out..1.4312 Could not wait that 15 more pips as i wanted to pick up profit around 1.4330



Bye
Work smart not hard
  • #18,867
  • Apr 19, 2011 11:34am Apr 19, 2011 11:34am
Quoting Tdj
I would just like to comment on your words that market drifting down on low volume in a downtrend is an indication of exhaustion of bears.
I don't know which instrument this chart represents, but Wyckoff wrote that market drifting down on low volume is indeed bearish, because it means lack of public participation (public is too afraid to sell short, they are only prepared to buy). How many times have we heard general public shorting for example oil market during bearish moves, or a stock,..? Very rarely, I guess.
From my point of view the first...
Well I don't follow or trade Wyckoff so that may be the case. I also did NOT say that the "market drifting down on low volume in a downtrend is an indication of exhaustion of bears". I said that we were starting to see some lag in the downmove. I didn't say it was over, which it wasn't.

I agree that holding that low of the second highest volume bar was a nice SOS but getting above that bars close was just as important to a safe long for me and the way I trade.

The SOS and buyers coming in was seen in the charts long before 20:30. SM was buying into this market long before then.
Today's zone = Tomorrow's opportunity!
  • #18,868
  • Edited 12:28pm Apr 19, 2011 12:17pm | Edited 12:28pm
Quoting pres78
Well I don't follow or trade Wyckoff so that may be the case....
It's obvious now, but how did you know at 19:45 there had been buying before, because the first two high volume down bars on this charts look like massive selling? I would think that a down bar closing off the low (even on high volume) after a downmove doesn't necessarily mean buying (it might be just profit taking).
  • #18,869
  • Apr 19, 2011 12:41pm Apr 19, 2011 12:41pm
Quoting sony
Ok..I am out..1.4312 Could not wait that 15 more pips as i wanted to pick up profit around 1.4330



Bye
Thanks Sony for your comments!
I have ridden the up move too.

Les_Paul
  • #18,870
  • Apr 19, 2011 12:43pm Apr 19, 2011 12:43pm
Quoting Tdj
It's obvious now, but how did you know at 19:45 there had been buying before, because the first two high volume down bars on this charts look like massive selling? I would think that a down bar closing off the low (even on high volume) after a downmove doesn't necessarily mean buying (it might be just profit taking).
And that's why I wouldn't have gone long until we got back above that trigger. Yes it is in hindsight but he posted a chart and asked for what was seen and when. If it was truly all massive selling then it would have kept going down without all the sideways lagging. Strength in downbars and therefore a big volume spike on a downbar since out of place either shows possible / hidden buying or massive selling while trying to absorb demand.

After the fact you can argue it either way but looking at the way price moved down I would have started to watch for moves into one of the high volume triggers to get in either long or short. In this case none of the triggers were tested to get in short so I would have waited. Once we got back above the lowest trigger I would be long biased. Before that I would see that some buying may have happened but would still be ready for a short as we moved into the lowest trigger.
Today's zone = Tomorrow's opportunity!
  • #18,871
  • Apr 19, 2011 1:36pm Apr 19, 2011 1:36pm
Can anyone recommend a good practice account for trading ES?
  • #18,872
  • Apr 19, 2011 2:22pm Apr 19, 2011 2:22pm
And we got there in a manner of uptrust as i tought..Also 1.4330 is MONTHLY R1
Work smart not hard
  • #18,873
  • Apr 19, 2011 2:28pm Apr 19, 2011 2:28pm
Quoting PipPipPip
took a trade over the phone. at 1.43108. Sl was at the close of the trigger. low risk trade. targeting 1.4364 at the end of closing day. could go higher, but hey, can't get all the best entries...
Quoting PipPipPip
Buy triggered @ 1.4155

My day was sort of saved by the trade entered in on thursday, and the other entry at 1.4155.

so the day ended flattish where i started again on EU this morning.

Still bullish for the long term.

So we learn...

Closed two longs at 1.4350 right at the pip. I am hoping I am wrong for closing it early. Wild countertrend intraday trade.

EDIT:
Closing because I am afraid of the 4H trigger downbar high volume @ 1.43416; looking like SOW confirmation on the 15m.
  • #18,874
  • Edited 3:07pm Apr 19, 2011 2:49pm | Edited 3:07pm
For tomorrow i would like to see an pull back to 1.4261 area

I am sanding 4h chart with some Trigger line as well as an 1h and 30 min

Good scenario for me would be an test of the lower horizontal line (1.4261)

Will look for an stopping volume or no supply, test, selling climax there..But not on lower TF than 30 min

If we get throu both of horizontal lines down than maybe an short in a manner of a pullback into lower horizontal line

But i would be more happy with some activity in 1.4261 area (weekly S2 is 1.4263 also so it is strong support)

If i see that activity on 1h or 30 min i will switch to my 11 and 12 min charts...

So i am bullish bias

SLs not more than 35 pips

TP in that case would be around 1.4367 point wich is the low of the highest volume widest 4h bar from 15th of April and also an ATR area(ATR daily is 135 pips as i can see now...Malcomb tought us to go with 80% of full value of atr so it might be around 108 pips move

Why i did choosed that bar is coos 17th of April was used for todays tradeing and we are going back to that area and under the confluence of that 15th April 4h bar
..Might be wrong about that but that is how i see it

Good luck to all

We will see what tomorrow will bring us..maybe completle dif scenario but this is what i would like to see...lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sred 4h.jpg Size: 147 KB
Click to Enlarge Name: sred 1h.jpg Size: 139 KB
Click to Enlarge Name: sred 30 min.jpg Size: 130 KB
Work smart not hard
  • #18,875
  • Apr 19, 2011 3:58pm Apr 19, 2011 3:58pm
Quoting Fusion
Can anyone recommend a good practice account for trading ES?
I would recommend Infinity Futures. They have an excellent trading dom.
  • #18,876
  • Apr 19, 2011 5:58pm Apr 19, 2011 5:58pm
Nice daily EU bar for bulls on Tuesday... would like a move into 4310-4300 for a long set-up. We opened the day above the DPP. Still a nice VPOC from 4/15/2011 at 4470 ripe for the testing.
Today's zone = Tomorrow's opportunity!
  • #18,877
  • Apr 19, 2011 9:24pm Apr 19, 2011 9:24pm
wow, i wake up from a nap and to see this nice move up. too bad i exited on safe haven. looks like the price is recovering the 250 pip day drop two days ago. tastyyyyy. Majority of daily average has been covered. for now, it is up to the 4h trigger at 1.43914. I have a good/bad feeling about this....
  • #18,878
  • Apr 19, 2011 9:28pm Apr 19, 2011 9:28pm
Reasonably tight stop, going BIG on US/CAD.
  • #18,879
  • Apr 19, 2011 11:16pm Apr 19, 2011 11:16pm
Quoting pres78
Here you go... just my take on this chart.
This spike was produced by the news. SP changed forecast of rating of USA from stable to negative.
  • #18,880
  • Apr 20, 2011 12:55am Apr 20, 2011 12:55am
If i am right we saw some buying during the Asia sesson...

So now i would like to see some action around 1.4299 or 1.4315 after the pull back ..1.4299 is an upper horizontal line form the 4h chart i sent in my last email

1.4315 is the low of the bar in wich during Asia sesson we some some activity...So if we are bullish bias that is something what i would like to see

For shorts i would just be short if we fall throu 1.4261 area...and than we see some up move into there on no demand or uptrust or buying climax

Why i think that we saw some buying during Asia is that that there was imeddiate test of the high volume bar and it was good one

It cane be clearly seen on my 11 and 12 min charts
Attached Image (click to enlarge)
Click to Enlarge Name: sve.jpg Size: 201 KB
Work smart not hard
16 traders viewing now