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vsa with Malcolm

  • #19,061
  • Apr 27, 2011 3:56am Apr 27, 2011 3:56am
Quoting sony
i am in long 6e 1.4667 SL15 pips

Lets see

Long on EURUSD? Because I see weakness there too and I'm waiting for ND around 1.4680.
  • #19,062
  • Apr 27, 2011 3:58am Apr 27, 2011 3:58am
Is it important for ND or NS to be a narrow spread bar or are you mainly checking the volume?
  • #19,063
  • Apr 27, 2011 3:58am Apr 27, 2011 3:58am
Quoting KinsaleForex
What VSA principal was that then? Because I don't see anything screaming at me to go long. Asking mainly for education purposes for the people in this thread.
Big guys know the result in advance, so they open positions before the news - they either push the price down to buy or high to sell. Seb Manby once said that if you see accummulation before news (saucer shape price action), the news is good. And it is what I saw today.

But maybe it was pure luck. I'm still a rookie... I trade microlots and gather experience...

Les_Paul
  • #19,064
  • Apr 27, 2011 3:59am Apr 27, 2011 3:59am
Quoting dvarrin
Long on EURUSD? Because I see weakness there too and I'm waiting for ND around 1.4680.
We got our highest volume bar on EU 5min the same time as the announcement. We take our trigger from the close of this bar at 1.4675. It looks like it was just tested too. I was considering a long myself but wasn't too sure on the make up of the test so I let it go.
  • #19,065
  • Apr 27, 2011 3:59am Apr 27, 2011 3:59am
to 10 pips
Work smart not hard
  • #19,066
  • Apr 27, 2011 4:04am Apr 27, 2011 4:04am
Quoting KinsaleForex
We got our highest volume bar on EU 5min the same time as the announcement. We take our trigger from the close of this bar at 1.4675. It looks like it was just tested too. I was considering a long myself but wasn't too sure on the make up of the test so I let it go.
I don't understand. There was a wide spread upbar on ultra high volume and no previous top at the background. Isn't it sign of weakness? Is the next bar up closing at the high cancelling that previous weakness?
  • #19,067
  • Apr 27, 2011 4:07am Apr 27, 2011 4:07am
Quoting Les_Paul
Big guys know the result in advance, so they open positions before the news - they either push the price down to buy or high to sell. Seb Manby once said that if you see accummulation before news (saucer shape price action), the news is good. And it is what I saw today.

But maybe it was pure luck. I'm still a rookie... I trade microlots and gather experience...

Les_Paul
Of course they know the news before hand but personally I think it's suicidal trading before such a big announcement. There isn't really a saucering occurring on the 5min chart. Use the aftermath of the news and the high volume that is usually generated to give yourself a better set up.

You made money and that's great, i'm just trying to be constructive here. By your own admission you're a rookie so I think trading around news is the quickest way to get burned. I'm by no means an expert, just trying to help out.
  • #19,068
  • Apr 27, 2011 4:11am Apr 27, 2011 4:11am
Quoting dvarrin
I don't understand. There was a wide spread upbar on ultra high volume and no previous top at the background. Isn't it sign of weakness? Is the next bar up closing at the high cancelling that previous weakness?
This is what my chart shows. Just to clarify, i didn't take a trade on this as I wasn't completely convinced by the bar i've marked as a test / NS.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 5min.jpg Size: 162 KB
  • #19,069
  • Apr 27, 2011 4:15am Apr 27, 2011 4:15am
Quoting dvarrin
Is it important for ND or NS to be a narrow spread bar or are you mainly checking the volume?

Ideally you are looking for a bar with volume lower than the last 2 bars, and spread lower than the last 4 bars.
  • #19,070
  • Apr 27, 2011 4:16am Apr 27, 2011 4:16am
Work smart not hard
  • #19,071
  • Apr 27, 2011 4:23am Apr 27, 2011 4:23am
I tought that we tested that 30 min bar wich started 30 min before London open ..Its high

I got in on 3 min chart so could keep so low SL

I should leave wider SL...deam
Work smart not hard
  • #19,072
  • Apr 27, 2011 4:24am Apr 27, 2011 4:24am
Quoting NaughtyPip
Ideally you are looking for a bar with volume lower than the last 2 bars, and spread lower than the last 4 bars.
Thank you for the answer NaughtyPip!
  • #19,073
  • Apr 27, 2011 4:36am Apr 27, 2011 4:36am
Quoting KinsaleForex
Of course they know the news before hand but personally I think it's suicidal trading before such a big announcement. There isn't really a saucering occurring on the 5min chart. Use the aftermath of the news and the high volume that is usually generated to give yourself a better set up.

You made money and that's great, i'm just trying to be constructive here. By your own admission you're a rookie so I think trading around news is the quickest way to get burned. I'm by no means an expert, just trying to help out.
Thank you Kinsale, I am grateful for every piece of advice! Trading before the news is tempting, but I agree - it is very dangerous...
  • #19,074
  • Apr 27, 2011 4:48am Apr 27, 2011 4:48am
2h from yesterday and 30 min today

15 ticks in between...That was a good scalp

But i usualy see those on the end of the day..lol

Also ussualy when i spot such a setup on time i than switch to 3 min and look for highest volume bar and widest one ...

That is my trigger bar...Test on its highs lows and getting in...

I ma babysitting my trade in that manner that every next wide spread 3 min bar with high volume is mark to move SL

If i get such a bar after entry i move SL few tick 5,6 bellow such bar and so on...After i get another i move along that ...Always 5,6 ticks ..sometimes even 10 below such a bar....
Attached Image (click to enlarge)
Click to Enlarge Name: 2h30m.jpg Size: 158 KB
Work smart not hard
  • #19,075
  • Apr 27, 2011 5:01am Apr 27, 2011 5:01am
Quoting pres78
Trying to understand what was the entry based on? The second downbar was actually on higher volume than the first one.
The two volume bars are kind of equal. Generally I don't care for small differences in volume, after all, our indicators are not that accurate I think.
  • #19,076
  • Apr 27, 2011 5:03am Apr 27, 2011 5:03am
Look how long it would keep me in a trade here

My goal is 100 pips a week ...

So getting in with small SL and getting out with such a RR is what i tend to do...

Marking higest volume bar on 2h chart from yesterday ..or 4h ..watching tomorrow 30 min reaction on those lines

And entry on 3 min ..but better 10 min,12min is the way to go for me
Attached Image (click to enlarge)
Click to Enlarge Name: stops.jpg Size: 153 KB
Work smart not hard
  • #19,077
  • Apr 27, 2011 5:48am Apr 27, 2011 5:48am
Quoting KinsaleForex
Of course they know the news before hand but personally I think it's suicidal trading before such a big announcement. There isn't really a saucering occurring on the 5min chart. Use the aftermath of the news and the high volume that is usually generated to give yourself a better set up.

You made money and that's great, i'm just trying to be constructive here. By your own admission you're a rookie so I think trading around news is the quickest way to get burned. I'm by no means an expert, just trying to help out.
I also checked 5 and 15 min charts after the move and saw nothing to get me in long on GU. I have seen a very few times where SM gave a clear way in before news but most ofter the blow it one way or the other and all we can do safely is get in on a retrace from the main trend.
Today's zone = Tomorrow's opportunity!
  • #19,078
  • Apr 27, 2011 7:00am Apr 27, 2011 7:00am
caught this one off test on 5 min trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: 29.jpg Size: 190 KB
  • #19,079
  • Apr 27, 2011 8:59am Apr 27, 2011 8:59am
Quoting malcolmb14
I sent stevegill an email ... eu to 1.4700 in asia for no apparent reason . Seems they always buy eu in asia now. I am thinking we see a large move up in london .
Malc are you still trading H1-H2?
  • #19,080
  • Apr 27, 2011 9:16am Apr 27, 2011 9:16am
Quoting NaughtyPip
caught this one off test on 5 min trigger.
What's your reasoning behind this one?
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