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vsa with Malcolm

  • #19,161
  • Edited 10:07am Apr 29, 2011 10:04am | Edited 10:07am
I apoligize for my lazyness on re-reading half the thread, could someone briefly tell me or decipher SOS & SOW for me? I know its something sell off. Things have changed alittle since I last followed along here.
Markets are not efficient, rather they are effective - Jones
  • #19,162
  • Apr 29, 2011 10:12am Apr 29, 2011 10:12am
Quoting mzvega
I apoligize for my lazyness on re-reading half the thread, could someone briefly tell me or decipher SOS & SOW for me? I know its something sell off. Things have changed alittle since I last followed along here.

Sign of Strength and Sign of Weakness
Today's zone = Tomorrow's opportunity!
  • #19,163
  • Apr 29, 2011 10:15am Apr 29, 2011 10:15am
Quoting pres78
Sign of Strength and Sign of Weakness
Thanx!
Markets are not efficient, rather they are effective - Jones
  • #19,164
  • Apr 29, 2011 11:12am Apr 29, 2011 11:12am
Quoting pres78
I trade 2 lots on all my trades and I go for 1:1 on the first lot and then would move to BE (depending on size of original SL) on the second lot and let it ride. So yes you are risking say 60 pips to possibly only make 30 or even -60. But you could also make 30 on lot 1 and decide to close lot 2 at 30 also for 60 gained off 60 risked. You could also make 30 pips on lot 1 and say 60 pips on lot 2 for 90 pips gained off 60 pips risked.

Aiming for 2:1 right off the bat and trading 2 lots is very risky as a normal SL is say around 25 pips and now...
I'll do the same :-) Ty pres78!!
  • #19,165
  • Apr 30, 2011 4:44am Apr 30, 2011 4:44am
Very interesting vols in ESZ, SLV. Silver ETF's. Looks like mega distribution going on in silver. We're hitting cycle highs within the next week.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #19,166
  • Edited 10:18pm Apr 30, 2011 8:36am | Edited 10:18pm
i'm sure someone already mentioned this - wednesday we had a bullish daily candle with a much-higher-than-average volume, closing on high. price made a higher high after that, but then went sideways; i'd say support is tested right now, and may go as low as 1.4629 (but most likely to 1.4665 area) without a change in bias...
target 1.5005 still valid.
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Nihil Sine Deo.
  • #19,167
  • Apr 30, 2011 11:05pm Apr 30, 2011 11:05pm
Quoting tgwhbb
my broker must be playing tricks with the daily volume.......
As some of you know, I have been having issues with my volume. So much so that I had to take it off my charts and go back to an older style of trading. Normally, I would say trade what you see, but the problem was it was constantly changing.

Well, there is an alternative that I had forgotten about but was reminded when I watch a TG webinar. I was actually at the webinar but left because I was worried I might have to go sans volume forever.

Anyway, If you do not want to get Esingal data and you do not trust or like the volume provided by your broker, there is an alternative. TRUE RANGE is an excellent proxy for volume. The correlation with volume is approximately 95%, which is about the same as tick volume to actual contract volume.

The chart below is a monthly chart. I picked this chart simply because I was looking at a VSA posters chart in another thread (Frankkn). Looks pretty good. Something to think about and play around with. This should put an end to all the volume questions in this thread (yeah right LOL).
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #19,168
  • Apr 30, 2011 11:45pm Apr 30, 2011 11:45pm
Looking at your Monthly charts does looks like it wants to make a test on the 1.56 ~ 58 area.
  • #19,169
  • May 1, 2011 3:01am May 1, 2011 3:01am
Quoting HiddenGap
Anyway, If you do not want to get Esingal data and you do not trust or like the volume provided by your broker, there is an alternative. TRUE RANGE is an excellent proxy for volume. The correlation with volume is approximately 95%, which is about the same as tick volume to actual contract volume.
what is true range? it doesnt sound like you are talking about ATR so i guess its something else. googling true range isnt working as all I get is ATR
  • #19,170
  • Edited 6:17am May 1, 2011 6:04am | Edited 6:17am
Quoting ewokuk
what is true range? it doesnt sound like you are talking about ATR so i guess its something else. googling true range isnt working as all I get is ATR
T.R. is the difference between the previous bar close and the high of the next up bar ,or the close of the prevous bar and the low of the next down bar gap included if you trade futures or stocks.The DELTA (difference) is called true range. ATR(x) is the average of the true ranges of x bars.
Hidden gap well done.
  • #19,171
  • May 1, 2011 11:39am May 1, 2011 11:39am
Quoting Leonida
T.R. .......Hidden gap well done.
I used True Range as a volume proxy a long time ago but had forgotten about it. One of the Wyckoff experts showed his Point & Figure charts with True Range since you can't use real volume on a P&F chart in Trade Station.

As P&F charting takes hold with the VSAers (Tom has been a long time proponent of them), this will become more the norm.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #19,172
  • May 1, 2011 12:10pm May 1, 2011 12:10pm
Quoting hutrader
Looking at your Monthly charts does looks like it wants to make a test on the 1.56 ~ 58 area.
I have no idea, nor do I care, where price is going. What I do care about is that price is back into the Supply/Demand Delta Zone (AKA Entry Signal Zone). This is the best place to look for entry signals whatever the methodology may be, and those signals could be either long or short.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #19,173
  • Edited 4:43am May 2, 2011 4:11am | Edited 4:43am
Ok even though im not trading today i have to post something thats bugging me.

Does anyone else think this 'osama captured' as a little suspect?

It happens on a day where most of europe is not trading, possibly allowing for a select few to capatialize.
Lets also face it the US economt is clearly in the crapper, could this be used to attract buyers and act as a catalyst for further upward progress through the resistance we have on monthly charts?

We have seen no evidence e.g. photos etc and they have buried him at sea straight away, does this strike anyone as odd?

whilst i dont do alot of crazy theorys this doesnt sit right with me! and id like to see the reaction of the markets over the coming days.

BTW. Look what happened on may 6? its just so happens it was on a uk election day and greece bailout (althought we wont see a may 6 style bar). it cant all be a coinsidence.

T
  • #19,174
  • May 2, 2011 7:22am May 2, 2011 7:22am
Can we trade on Mondays or is it better to avoid it?
  • #19,175
  • May 2, 2011 3:26pm May 2, 2011 3:26pm
There is a great tool in MT4, Gann line.
It is like leading indicator. It`s free money, when spotting VSA-signals in right area.
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  • #19,176
  • May 2, 2011 3:46pm May 2, 2011 3:46pm
GU-H1
I have no clue, why this works.
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  • #19,177
  • May 2, 2011 8:07pm May 2, 2011 8:07pm
Long time lurker, first time poster. Been following the old VSA thread and this one from the beginning.

Figured it was about time to sign up! lol

Looking forward to contribute in anyway that I can.
  • #19,178
  • May 2, 2011 8:14pm May 2, 2011 8:14pm
Quoting Lowell83
Long time lurker, first time poster. Been following the old VSA thread and this one from the beginning.

Figured it was about time to sign up! lol

Looking forward to contribute in anyway that I can.
welcome.
san francisco lowell high school of 83?
  • #19,179
  • May 2, 2011 10:38pm May 2, 2011 10:38pm
Quoting juhanimi
GU-H1
I have no clue, why this works.
It's because they mark s/r areas like other trendline tools. They help to determine overbought and oversold areas.
  • #19,180
  • May 2, 2011 10:55pm May 2, 2011 10:55pm
Quoting 1pipperhour
It's because they mark s/r areas like other trendline tools. They help to determine overbought and oversold areas.
Hi pipper. It`s weird, like this last turn, not so clear area in horinzontal point of view.


Yes, and another thing, ...with trendlines, you need 2 points, this only need one.
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