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vsa with Malcolm

  • #19,121
  • Apr 28, 2011 7:53am Apr 28, 2011 7:53am
Quoting dvarrin
But is there a way to reproduce it? Is it an ATR Trailing stop?
You don't need tradeguider to trade VSA. Malc has shown charts in the past using an ATR stop yes. But again you don't need an ATR trail stop to tell you when to get out.

Make it simple at first don't go for the long bomb trades. Take 1:1 trades gain what you risk and once you get comfortable with that then move onto multi lot trades where you close first lot at 1:1 and trail the other one using PA and VSA signals to know when to get out.
Today's zone = Tomorrow's opportunity!
  • #19,122
  • Apr 28, 2011 8:08am Apr 28, 2011 8:08am
Quoting ivonivon
dunno know.. but if you manage to get mt4 tg plugin installation, you'll get that indi even if you don't have authorization.

Thank you very much. I could find it in the beta installation :-))
  • #19,123
  • Apr 28, 2011 8:09am Apr 28, 2011 8:09am
Quoting pres78
You don't need tradeguider to trade VSA. Malc has shown charts in the past using an ATR stop yes. But again you don't need an ATR trail stop to tell you when to get out.

Make it simple at first don't go for the long bomb trades. Take 1:1 trades gain what you risk and once you get comfortable with that then move onto multi lot trades where you close first lot at 1:1 and trail the other one using PA and VSA signals to know when to get out.
Thank you very much pres78. I'll try as you wrote. I've a lot of trade management problems :-(
  • #19,124
  • Apr 28, 2011 8:21am Apr 28, 2011 8:21am
Quoting dvarrin
Thank you very much pres78. I'll try as you wrote. I've a lot of trade management problems :-(
Start with 1:1 and work up from there... Takes trade management out of the picture until you get more comfortable with VSA.
Today's zone = Tomorrow's opportunity!
  • #19,125
  • Apr 28, 2011 8:48am Apr 28, 2011 8:48am
Quoting pres78
Start with 1:1 and work up from there... Takes trade management out of the picture until you get more comfortable with VSA.
I'll do that ! Thank you for you help pres78!
  • #19,126
  • Apr 28, 2011 11:47am Apr 28, 2011 11:47am
There's low volume effort to go into the channel in 15" TF after breakout.
SS @1.4795
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  • #19,127
  • Apr 28, 2011 11:57am Apr 28, 2011 11:57am
Quoting ivonivon
There's low volume effort to go into the channel in 15" TF after breakout.
SS @1.4795
Look where your 15 min trigger is
  • #19,128
  • Apr 28, 2011 12:36pm Apr 28, 2011 12:36pm
EU has been fighting to recover from that upthrust of sellers that showed very primonently on futures just after 10am NY time - it was at spot level 1.485. Some decent support coming in just now and we may see a turn in the PA come 2pm NY time as the big boys & CME come back to work. EU spot is still below yest's high and today's open - ~1.48 will be decision time/point.

My theory? London profit took ... to buy a nicer gift for Kate and what-his-name and the rare holiday Friday holiday!
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  • #19,129
  • Apr 28, 2011 1:01pm Apr 28, 2011 1:01pm
Quoting PipPipPip
Still holding onto my silver. Looking to add in, not today, but next week. Thank you ben bernanke.
Added Long for silver. I couldn't resist.
  • #19,130
  • Apr 28, 2011 1:34pm Apr 28, 2011 1:34pm
I took a long trade on USOIL based on that chart. There is stopping volume and an upthrust right before i entered long (on the red cross). My target was at 113.20 (just below the +1/8 MML) and my SL was at about 111.80, just above the yellow MML line. It was so frustrating to get stopped out and then see the price climb.
From a VSA perspective, was it a valid entry?
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  • #19,131
  • Apr 28, 2011 1:59pm Apr 28, 2011 1:59pm
low volume test appears to be in on 15 min. Breakout north could be imminent.
  • #19,132
  • Apr 28, 2011 2:04pm Apr 28, 2011 2:04pm
Quoting millenseed
I took a long trade on USOIL based on that chart. There is stopping volume and an upthrust right before i entered long (on the red cross). My target was at 113.20 (just below the +1/8 MML) and my SL was at about 111.80, just above the yellow MML line. It was so frustrating to get stopped out and then see the price climb.
From a VSA perspective, was it a valid entry?
I took a similar trade but I entered on that upbar right after the stopping volume. This second up bar showed that the downbar was bought hard and also this WR downbar was into a support level from yesterday. What made you enter when you did? Was it the SO whose low was into the close of that first WR downbar which was again bought heavily?
Today's zone = Tomorrow's opportunity!
  • #19,133
  • Apr 28, 2011 2:18pm Apr 28, 2011 2:18pm
Quoting pres78
I took a similar trade but I entered on that upbar right after the stopping volume. This second up bar showed that the downbar was bought hard and also this WR downbar was into a support level from yesterday. What made you enter when you did? Was it the SO whose low was into the close of that first WR downbar which was again bought heavily?
Yes, plus my lack of experience. In any case, the two down bars right before my entry seemed like there were a lot of buyers coming in fast. At least that's how I interpreted it. Did you see those and decided to wait for further signals, or did you just happen to come across the chart right at that point? I mean, would you have entered at the same point when I did?
  • #19,134
  • Apr 28, 2011 2:27pm Apr 28, 2011 2:27pm
Quoting millenseed
Yes, plus my lack of experience. In any case, the two down bars right before my entry seemed like there were a lot of buyers coming in fast. At least that's how I interpreted it. Did you see those and decided to wait for further signals, or did you just happen to come across the chart right at that point? I mean, would you have entered at the same point when I did?

There were 3 upbars before your entry? What do you mean 2 downbars before your entry?

If I had not gotten in where I did... no I would not have entered as we had already moved up quite a bit and were getting too close to the daily open which could provide a rejection (which it ended up doing) so the R:R was not great for me. For me seeing that stopping volume into 111.90 confirmed on the next upbar that was all I needed to get in long. Plus like I said the stopping volume was into a support level from yesterday.
Today's zone = Tomorrow's opportunity!
  • #19,135
  • Apr 28, 2011 2:39pm Apr 28, 2011 2:39pm
Bel, which data feed do you have?

Bext,
Ox

Quoting Beljevina
EU has been fighting to recover from that upthrust of sellers that showed very primonently on futures just after 10am NY time - it was at spot level 1.485. Some decent support coming in just now and we may see a turn in the PA come 2pm NY time as the big boys & CME come back to work. EU spot is still below yest's high and today's open - ~1.48 will be decision time/point.

My theory? London profit took ... to buy a nicer gift for Kate and what-his-name and the rare holiday Friday holiday!
  • #19,136
  • Apr 28, 2011 2:41pm Apr 28, 2011 2:41pm
Quoting pres78
There were 3 upbars before your entry? What do you mean 2 downbars before your entry?

If I had not gotten in where I did... no I would not have entered as we had already moved up quite a bit and were getting too close to the daily open which could provide a rejection (which it ended up doing) so the R:R was not great for me. For me seeing that stopping volume into 111.90 confirmed on the next upbar that was all I needed to get in long. Plus like I said the stopping volume was into a support level from yesterday.
I put two crossing red lines at the point where I entered. Right after the reverse upthrust. Before the stopping volume...
  • #19,137
  • Apr 28, 2011 3:03pm Apr 28, 2011 3:03pm
I use a chandelier stop ... setting atr 14 with a 2.5 fcator , 1 hour chart stops mostly 60 pip , 15 min 30 pip and 5 min can be as low as 17 pip

Quoting dvarrin
How do you manage a trade? What are you using as a stop?

Tom Williams was talking about a management system in which we don't let 2 bars closing down in an uptrend on increasing volume. But often we will close on the second down bar close only to see the trend resuming upwards on the next bar.
Blogging daily now at www.volume.zone
  • #19,138
  • Apr 28, 2011 3:03pm Apr 28, 2011 3:03pm
Is this thing not screaming reversal?
.
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  • #19,139
  • Apr 28, 2011 3:05pm Apr 28, 2011 3:05pm
So what is that ..looks like a classic bull flag to me since asia highs yesterday

The weekly range was hit at 1,4837 and surpassed for a 400 pip week. Not that often this happens , so a little profit taking is normal to keep things in their weekly ranges ( makes currency markets more ' stable')

Quoting ivonivon
There's low volume effort to go into the channel in 15" TF after breakout.
SS @1.4795
Blogging daily now at www.volume.zone
  • #19,140
  • Apr 28, 2011 3:07pm Apr 28, 2011 3:07pm
very high volume for sure and the break out of us markets and gold to new 2011 highs Makes NO sense ...



Quoting MarcusFire
Is this thing not screaming reversal?
.
Blogging daily now at www.volume.zone
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