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vsa with Malcolm

  • #19,521
  • May 11, 2011 12:48pm May 11, 2011 12:48pm
ibfx volume is ok ... so is fxcm

Now get hold of master the markets book by tom williams , read it 10 time or more. You will know have the same knowledge on vsa I have.

Then spend some chart time .. and of course keep out of the threads other than this one and a few others. Most people will influence your trades and are wrong anyway .

Do not worry about news .... be aware of when it is coming but do not base your trades on it. VSA will show reaction to news before the news. Base your trades on vsa NOT news. Do you think the Goldman sachs top traders are staring at ff calender waiting for news to come out lol .....

Many have said volume is not real in forex , it is not true volume but tick volume and as I and others in this thread have proven time and time again , is very valid.




Quoting omi
Hi malcolm,

I had brief contact with you over at karthiks thread...

I am really impressed with what you have to share,absolutely brilliant..

My question is where to start with vsa having only access to ibfx mt4 demo..

Could you give me a few things to look at so i can start applying to current market conditions....you say you look at 12hr,8hr,4hr charts etc..
can i get these on mt4(offline charts maybe for 12,8hr)

I understand the subject is vast,hence this monster thread,but while i learn this,just a little roadmap perhaps...
Blogging daily now at www.volume.zone
  • #19,522
  • Edited 1:02pm May 11, 2011 12:51pm | Edited 1:02pm
Quoting malcolmb14
I was just joking .... I know how you trade. GOOD

I was in the eu thread other day .. it is like a car crash , you cannot help but look, and they were all buying on the 400 pip down day just cause it hit this level or that level .

US vsaers , wait for that up move , then a sign of confirmed strength on a wave 2 reatrce ...

4150 and 4040 areas of interest on weekly charts
Oh OK I missed the joke but feel better now... I was thinking to myself man Malc's lucky church sticker has turned him into a real A-hole ... I was ready to turn in my Mallerina tutu and throw a few stochs and MACD's on my charts.

I would agree though as I still stop in from time to time in the EU thread just to watch the carnage.
Today's zone = Tomorrow's opportunity!
  • #19,523
  • May 11, 2011 1:00pm May 11, 2011 1:00pm
Quoting Beljevina
Once the EU has tried or looked like it's bottomed, the path back up is never clear or straight, so caution should be exercised. I am going to be looking for trendline support, and a possible shakeout in Asia, and looking to go long heavily, at a strategic point; hopefully 1.435 is the last point where that opportunity comes. 1.45 seems like a reasonable target that needs to be tested/hit - lots of reasons to get back up there. EY seems to be in decent upwards mode too - should help EU; gotta watch any news/fundie sideswipes though.
Well, that didn't work out did it, lol. Or rather, it did until about 10am London time, which is where through Asia, Frankfurt and early London they were obviously supporting the price, but then let loose, shortly after I went to get some shuteye - probably a good thing, as I might have been doing the knife-catching thing - things were 120 pips down when I made it back to the charts, and yet here we are 235 pip ADR. I will console myself with "account capital preservation" for today.

I think I had posted days ago that 4150/4100 is likely in the cards - should've stuck to that - I'd thought they would take it to 1.45 and tank it, but the distribution in the indexes got EU underway too. Let's see what the post 2pm NY time plan is - they might be done in ES - time for a fake rally perhaps?

On the non-VSA side, look how wonderfully that middle blue trendline held - last touch into it, right as I went to bed (honest )
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  • #19,524
  • May 11, 2011 1:00pm May 11, 2011 1:00pm
Quoting malcolmb14
ibfx volume is ok ... so is fxcm

Now get hold of master the markets book by tom williams , read it 10 time or more. You will know have the same knowledge on vsa I have.

Then spend some chart time .. and of course keep out of the threads other than this one and a few others. Most people will influence your trades and are wrong anyway .

Do not worry about news .... be aware of when it is coming but do not base your trades on it. VSA will show reaction to news before the news. Base your trades on vsa NOT news. Do you think the Goldman sachs...

Thanks for the reply.....

I have the pdf version of the book and will read it thoroughly as you have mentioned,if any questions need clarifying,hopefully i can refer back to you

100% right on getting involved in a lot of clutter regarding news and forum activity..... ive taken a good look around the forum,and you,with a few others not only stand out,but a lot of what your sharing just hits home,especially when i refer back to it and see what you said and what actually happened........

Must go away and read now........
  • #19,525
  • May 11, 2011 1:07pm May 11, 2011 1:07pm
mal....pres....you guys are funny..seriously!!..you guys make me sick too!!!..LOL..cause your absolutely right and i dont like it!!! theres a trader here by the name of old dog..great f'n trader..always trying to help the little guy...believes in the FRML lines strongly..and they do work! but the odds they,ll work for a newbieis is nill!!! he's constantly telling guys to dump the colors and read the chart but they/we dont listen!!!! the lines work for him cause he has an acquired skill !!! it is a feel..no doubt!! and computers cant feel !!! a blue line crossing a red will never win consecutively enough to profit..i started with 50k a year ago ..down to 13k..sickening aint it..and this aint the first time!!!LOL...god help me!!!LOL...but you guys work has finally got it through my head the indie road will always dead end!!! thanks for that...now we start the long journey down the VSA highway....if this doesnt work ,then ill have covered them all and i wasnt meant to be a trader!!!! cant really explain how good it feels to be green(indie free)..just wouldve like to have done it about 40k back!!!LOL..cant see people didnt try to tell me though..great work gentleman!...best regards, RB
  • #19,526
  • May 11, 2011 1:12pm May 11, 2011 1:12pm
ok malcolm...question brother!???..you said es jumped yester day and eu didnt..that was a big clue for you..es is 6e right?...i have both charts up (6e and eu daily's) and the the daily candles look pretty close to the same to me so what am i not seeing/doing right??? ..thanxs , john
  • #19,527
  • May 11, 2011 1:14pm May 11, 2011 1:14pm
Hi Malcomb,

Apart from the traderguider software, is there any other reliable free VSA charting tools available? Just want to try it out before investing nearly $2000.

Thanks
  • #19,528
  • May 11, 2011 1:21pm May 11, 2011 1:21pm
while i have tg i rarely even bother looking at the indicators sos and sow

Here is fxcm chart ..

1st vertical red line . note the upthrust , closing off the highs on ultra low volume , almost no demandish and show lack of buy interest on the up move into new highs .. right at prior US session high . Go look at a 30 min chart at this area for us session prior day ( 2nd chart) // majors supply in the 4390 area formed a 2 bar reversal in US session

2nd vertical line is the one I entered on today as it was just under my 3380 trigger line and at 4:30 am my time when i wake up , up move with uh volume = supply.....two bar reversal

the weakness showed up prior day at 1,4390 , showed up again start London and contimued into US session ....

All you need do is read master the markets 20 times and you will be a pro

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Quoting kiwidoc
Hi Malcomb,

Apart from the traderguider software, is there any other reliable free VSA charting tools available? Just want to try it out before investing nearly $2000.

Thanks
Blogging daily now at www.volume.zone
  • #19,529
  • May 11, 2011 1:23pm May 11, 2011 1:23pm
Quoting Robbin Banks
ok malcolm...question brother!???..you said es jumped yester day and eu didnt..that was a big clue for you..es is 6e right?...i have both charts up (6e and eu daily's) and the the daily candles look pretty close to the same to me so what am i not seeing/doing right??? ..thanxs , john
ES is S&P500 mini and normally (there are always exceptions) ES and EU move in a similar pattern. ES is a stock and EU is considered a risk asset meaning that if people are in a risk trading mood they dump their US dollars into stocks and risk assets like EU... when risk is off they dump back into US dollars causing stocks and EU to drop.

What Malc was saying was that on Tuesday ES climbed like crazy with London straight through most of the NY session taking it straight up... EU well it went up yes but it took the whole day and spent much of it ranging and boucing in a 50pip box. Now that tells us that one of them was trading out of sync and was a sign that either EU was going to take off today or ES was going to tank.

Pull up even a 1hr chart of both and look at yesterday's PA and then look at today's... see the difference and then how today PA is almost exact.
Today's zone = Tomorrow's opportunity!
  • #19,530
  • May 11, 2011 1:26pm May 11, 2011 1:26pm
Thanks malcomb. I've printed out the Tom Williams notes, will read it in between my patient files lol.....
  • #19,531
  • May 11, 2011 1:30pm May 11, 2011 1:30pm
ES is a future .. not a stock ...

The secret to es was the weekly I posted on weekend and the price action on friday ... good news got sold into heavily .. 1st sign of weakness.

and here we are today

They were even nice enough to give me an entry at 1355

Quoting pres78
ES is S&P500 mini and normally (there are always exceptions) ES and EU move in a similar pattern. ES is a stock and EU is considered a risk asset meaning that if people are in a risk trading mood they dump their US dollars into stocks and risk assets like EU... when risk is off they dump back into US dollars causing stocks and EU to drop.

What Malc was saying was that on Tuesday ES climbed like crazy with London straight through most of the NY session taking it straight up... EU well it went up yes but it took the whole day and spent much of it...
Blogging daily now at www.volume.zone
  • #19,532
  • May 11, 2011 1:33pm May 11, 2011 1:33pm
Any pro's.. Malcolm or pres maybe, what's your view on GU at the moment ? Or is this a pair you both are not currently trading.

Cheers
  • #19,533
  • May 11, 2011 1:39pm May 11, 2011 1:39pm
Quoting malcolmb14
ES is a future .. not a stock ...

The secret to es was the weekly I posted on weekend and the price action on friday ... good news got sold into heavily .. 1st sign of weakness.

and here we are today

They were even nice enough to give me an entry at 1355
Oops yes ES is a future... my bad. The rest of my post remains as the basic logic remains the same.
Today's zone = Tomorrow's opportunity!
  • #19,534
  • May 11, 2011 1:47pm May 11, 2011 1:47pm
Quoting malcolmb14
Sambo .. this comment was based on last fridays price action. The NFP was pretty good news but got sold into ... obvious weakness there.

I have noticed when es does this it is in a distribution mode.

Howver for the mean time I am trading day to day

other reason that es may correct POMO ends June .... what is going to hold the stock market up ... some of the moves this week are clearly due to feds in jecting money into the market right after a bond auction
Thanks for your explanation, I appreciate it

I agree that the day of NFP was a sign a weakness, however the day before I think it was the joblaiss claims, the figure was bad , the market sold off, an then some buying came in at the previous top. And on Thursday there was more volume. Maybe they support the market knowing that the Friday number will help them distribute ...but it was far from obvious to me, only the ND following gives a more clear picture.

But at the breakout of the high I thought the NO demand was violated... but by another No demand ... well this still a bit confusing there is so much volume on the Thursday bar ... I will wait for a ND below this close to enter a short position

Thanks again for you input
  • #19,535
  • May 11, 2011 1:48pm May 11, 2011 1:48pm
ok pres78 thanks for such a detailed explanation...i put up both charts and i see EXACTLY what your saying...yes i was aware of sp500 being future but never traded it and didnt understand the correaltion with eu very well..Now i get it...is it safe to say that when you see such a deviation between the 2 that one way or the other they will both re-sync? is that a correct assumption?..thanks for the reply...RB
  • #19,536
  • May 11, 2011 1:48pm May 11, 2011 1:48pm
Quoting Shakeout
Any pro's.. Malcolm or pres maybe, what's your view on GU at the moment ? Or is this a pair you both are not currently trading.

Cheers
Not a pro and also not trading GU recently (been focused on oil)... what I see just looking at the daily chart is a very bearish candle today (waiting for the close) with a massive selling tail on the top. Increased volume over yesterday leads me to beleive that we are heading lower this week. I would be interested to see a weak move up into 6350-6360 and a drop from there. This is the highest volume daily close trigger I have on my chart and is right in the middle of the last 4 days worth of POC's which are stacked for the last 6 days in a bearish pattern with them stacked from top of chart to bottom as 5,4,3,2,0(today),1(yesterday).
Today's zone = Tomorrow's opportunity!
  • #19,537
  • May 11, 2011 1:50pm May 11, 2011 1:50pm
Quoting Robbin Banks
ok pres78 thanks for such a detailed explanation...i put up both charts and i see EXACTLY what your saying...yes i was aware of sp500 being future but never traded it and didnt understand the correaltion with eu very well..Now i get it...is it safe to say that when you see such a deviation between the 2 that one way or the other they will both re-sync? is that a correct assumption?..thanks for the reply...RB
Malc can respond better as I do not personally trade ES and only use it as a comparison to EU... but yes they normally end up re-syncing.
Today's zone = Tomorrow's opportunity!
  • #19,538
  • May 11, 2011 2:01pm May 11, 2011 2:01pm
got it pres78..thanks again for the explanations...you are appreciated...regards, RB
  • #19,539
  • May 11, 2011 2:02pm May 11, 2011 2:02pm
Quoting Robbin Banks
ok pres78 thanks for such a detailed explanation...i put up both charts and i see EXACTLY what your saying...yes i was aware of sp500 being future but never traded it and didnt understand the correaltion with eu very well..Now i get it...is it safe to say that when you see such a deviation between the 2 that one way or the other they will both re-sync? is that a correct assumption?..thanks for the reply...RB
They are a correlation but trying to take trades based off the movements of one vs. the other is a sure way to blow an account. Take a look at the overall direction of the ES and you should see a distinct relationship with the Eur however, looking for small fluctuations as a basis for taking lower time frame trades would not be recommended.

So to answer your question in specific terms; No, do not base trades around the Eur and ES re-syncing.
  • #19,540
  • May 11, 2011 2:14pm May 11, 2011 2:14pm
Quoting Sonofsin5
They are a correlation but trying to take trades based off the movements of one vs. the other is a sure way to blow an account. Take a look at the overall direction of the ES and you should see a distinct relationship with the Eur however, looking for small fluctuations as a basis for taking lower time frame trades would not be recommended.

So to answer your question in specific terms; No, do not base trades around the Eur and ES re-syncing.
Great point Sono... Like I mentioned I don't even trade ES and I follow it only as an overall comparision to EU. I compare 1hr and up charts and nothing lower. You are right never take a trade based on the possibility of them re-syncing...
Today's zone = Tomorrow's opportunity!
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