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vsa with Malcolm

  • #18,981
  • Apr 21, 2011 10:40am Apr 21, 2011 10:40am
Quoting sony
How close we came to those trigger from last day...

Would def. go in long that i was around ...good for scalp

My goal is to take around 100 pips a week..so "one" here "one" there is way to go... for me

There was an entry for this on 5 min aswell, test right off trigger, triggers marked orange, test candle marked green. I didnt take it though as im waiting for it to test the trigger where price is at this moment...
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  • #18,982
  • Apr 21, 2011 10:47am Apr 21, 2011 10:47am
Quoting NaughtyPip
There was an entry for this on 5 min aswell, test right off trigger, triggers marked orange, test candle marked green. I didnt take it though as im waiting for it to test the trigger where price is at this moment...

Yeah that was nice trade...I would take it ..Coos that is good support so not much thinking

By the way look how price reacted at those 3 min triggers i sent chart before..It gave us , me much better entry but i was too pushy to get in
Attached Image (click to enlarge)
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  • #18,983
  • Apr 21, 2011 11:11am Apr 21, 2011 11:11am
Quoting pres78
Holidays most places other than US tommorow... bulls are enjoying some profit taking IMHO before their long weekend. It has been one hell of a 4 day week on the old EU.
it feels like friday already. i think i am a bit full from all the bear bbq. nom nom nom

and have a great weekend everyone
  • #18,984
  • Apr 21, 2011 11:17am Apr 21, 2011 11:17am
Took this trade from a test about two hours ago now. Hit my profit target pretty much to the pip before retracing a bit.

pres78 was talking yesterday about sometimes using triggers that aren't on the highest volume bar. This is an example of that. I took my trigger off the bar marked with the 1's. This was the highest volume bar in that PA area and it stood out well above the surrounding bars.

Perfect test and entered on the high of this bar. It triggered immediately on the following bar. Went through a bit of a retrace but this was only to test the bar again (test 2)

The third test I've highlighted was the final push to get me to the profit target. This tested the highest volume of the day shown on the left of the chart and marked with the number 2. Hope this is annotated clearly, any questions and i'll try make it clearer!
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  • #18,985
  • Apr 21, 2011 11:30am Apr 21, 2011 11:30am
Futures chart. Gotta love the background for this trade.
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  • #18,986
  • Apr 21, 2011 12:57pm Apr 21, 2011 12:57pm
How nice this was ..for sharp eye
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Click to Enlarge Name: 4h.jpg Size: 175 KB
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  • #18,987
  • Apr 22, 2011 10:07am Apr 22, 2011 10:07am
Tom Williams in his MTM writes that a market turning point can be often confirmed by a surge in option volume. Is there such thing for FOREX? If so, where could I find option charts?

Thank you

Les_Paul
  • #18,988
  • Apr 22, 2011 11:51am Apr 22, 2011 11:51am
Quoting Les_Paul
Tom Williams in his MTM writes that a market turning point can be often confirmed by a surge in option volume. Is there such thing for FOREX? If so, where could I find option charts?

Thank you

Les_Paul
To my knowledge option volume has nothing to do with forex, pretty sure they mention this in some videos I have.
  • #18,989
  • Apr 22, 2011 12:08pm Apr 22, 2011 12:08pm
Any thoughts on eur/usd heading into next week? Price seems to have fallen back off the mml daily line. I don't see anything unusual from a vsa perspective. Always a risk of further fall if a lot of resistance remains, but my bias is still long, and will be waiting for a trigger next week to enter long again. Wouldn't be surprised to see 1.45 for entry and hopefully support.
  • #18,990
  • Apr 22, 2011 12:13pm Apr 22, 2011 12:13pm
If anyone could briefly explain a herd bar, that would be greatly appreciated, or direct me to a post or reading on them. Thanks in advance.
  • #18,991
  • Edited 4:50pm Apr 22, 2011 3:27pm | Edited 4:50pm
Quoting neutral
Any thoughts on eur/usd heading into next week? Price seems to have fallen back off the mml daily line. I don't see anything unusual from a vsa perspective. Always a risk of further fall if a lot of resistance remains, but my bias is still long, and will be waiting for a trigger next week to enter long again. Wouldn't be surprised to see 1.45 for entry and hopefully support.


Hello ..This is how i see monday

So as Mal say if monday is down day than the rest of the week is up...

I am sanding daily chart of TOS platfrom..I marked 1.4410 area...Coos i would like to see an test of that price

Also i expect an down move on monday ..I marked that TRADEGUIDER CHART (4h) with a trigger line so i would watch an down move of that(an uptrust, buying climax, no demand into that area)

Also i am sanding this 30 min TG chart where i marked 2 possibly places from where we can start our short jurney ...1.4563..the same as 4h chart and another is 1.4595, green colored line...If we manage to get above those 2 lines i will watch for longs after valid conformation off course and would be carefull around 1.4634..(high of that 4h TRADEGUIDER bar)


My exit for that short if there is any would be 1.4410 ...

For longs i dont have any idea about TP ...but lets say if we move around 135 pips on daily ATR ..that would be our TP area..80 % of ATR value ...1.4680-1.4720..maybe


Comments welcomed..


All the best
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  • #18,992
  • Apr 22, 2011 3:47pm Apr 22, 2011 3:47pm
Ok, those are better chart pictures

As i did not stated i choosed on 4h chart widest bar of all..If volume is similar i or even smaller one to another i choose widest bar of those 2...as i did it here now..Dont know but price better respect its TRIGGERS ussualy..Might be wrong tough but that is what i noticed
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  • #18,993
  • Apr 22, 2011 4:23pm Apr 22, 2011 4:23pm
Fibo Retracement...61,8% stands around there also almost
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  • #18,994
  • Apr 22, 2011 4:26pm Apr 22, 2011 4:26pm
Quoting sony
Hello ..This is how i see monday

So as Mal say if monday is down day than the rest of the weak is up...

I am sanding daily chart of TOS platfrom..I marked 1.4410 area...Coos i would like to see an test of that price

Also i expect an down move on monday ..I marked that TRADEGUIDER CHART (4h) with a trigger line so i would watch an down move of that(an uptrust, buying climax, no demand into that area)

Also i am sanding this 30 min TG chart where i marked 2 possibly places from where we can start our short jurney ...1.4563..the same as 4h...
Well lets see in any down day to start with next week, i doubt it . Retracement apparently failed now .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #18,995
  • Apr 22, 2011 4:48pm Apr 22, 2011 4:48pm
Quoting fontu
Well lets see in any down day to start with next week, i doubt it . Retracement apparently failed now .
fontu
what does that mean "retracement apparently failed now"?
Today's zone = Tomorrow's opportunity!
  • #18,996
  • Apr 22, 2011 5:23pm Apr 22, 2011 5:23pm
Quoting neutral
Any thoughts on eur/usd heading into next week? Price seems to have fallen back off the mml daily line. I don't see anything unusual from a vsa perspective. Always a risk of further fall if a lot of resistance remains, but my bias is still long, and will be waiting for a trigger next week to enter long again. Wouldn't be surprised to see 1.45 for entry and hopefully support.
After Thursday's profit taking and today's... well can't put any weight into today what I see is this. We closed today at 4560... down 140 pips on Monday into the high of Monday's SO bar at 4420 and a close back above the midpoint for a NS / test day. New weekly high next week around 4750.

I see Thursday as profit taking and nothing more. I mean for a complete stop and reversal off a 1hr ND bar... Thursday 2 hours after NY open we hit the daily ADR and were heading into a long weekend so why would they not take profit... only makes sense. 4650 is a tough level and SM would be in no mood to take on such a level on a short trading week. Very convienient that they stopped right there at thaty level...

Look at last weeks range 491 pips up after that drop on Monday. We are still in a strong bull market IMHO.
Today's zone = Tomorrow's opportunity!
  • #18,997
  • Edited 7:47pm Apr 22, 2011 6:30pm | Edited 7:47pm
looks like absorption volume to me. notice the 3 uh volume spikes and then the market goes sideways. we get several tests after that however i will ignore those since it is holiday / end of day volume. Also we get a ND right after the two bars labeled absorption volume but notice that the market fails to penetrate the low.
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  • #18,998
  • Edited 2:40am Apr 23, 2011 2:01am | Edited 2:40am
Quoting pres78
what does that mean "retracement apparently failed now"?
Thanks , no explanation as of visa but may have though , wavewise it apparently seems to me . otherwise any retracement war time is more unreliable to me . can change in any direction , 1.4588/94 and 1.4648 still intact ,just my opnion .
using eu thread , please visit :
http://www.forexfactory.com/showpost...stcount=427298

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #18,999
  • Apr 23, 2011 2:42am Apr 23, 2011 2:42am
shouldn't we just stay out of market now since it is low vol (aka no professional activity) ?
  • #19,000
  • Apr 23, 2011 3:05am Apr 23, 2011 3:05am
Quoting Mtm
shouldn't we just stay out of market now since it is low vol (aka no professional activity) ?

ANything could happen this weekend........personally if the dollar keeps falling and drops below USDX 71...then we're done for in the US as far as any power goes....

THe opposite could also be true, greece could default, don't want to be long euro, despite the fact, I still cannot understand how we are in the exact same situation as last year, with even more confirmation the Eurozone is screwed, and yet, we are going the opposite way on Euro....
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