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vsa with Malcolm

  • #19,961
  • May 18, 2011 11:32am May 18, 2011 11:32am
Quoting FXing
This is the best advice you can get. Greed is NOT good (unlike Gekko's opinion).

I prefer 20 pips day after day that 70 today and maybe tomorrow but -150 the next two days. We are looking for pips, but as safely as possible. It doesn't matter if "only" 20 per day. Then you only have to increase your lot size and ..... the money will come to your pocket.

Good pips to all.
Just wish I would have taken my own advice earlier today on the S&P, although it wasn't break even, it was +1.
A win is a win is a win, maybe it's all in the psychology..............
Le singe est dans l'arbre
  • #19,962
  • May 18, 2011 11:32am May 18, 2011 11:32am
did that at +30 pip ...1.4220 entry

Quoting Trader_X
malcolm at this point have you moved your stop to BE? TX
Blogging daily now at www.volume.zone
  • #19,963
  • May 18, 2011 11:36am May 18, 2011 11:36am
Quoting KinsaleForex
http://www.nasa.gov/images/content/4...in_popcorn.jpg
Liam , you are the man- funny !!!
  • #19,964
  • May 18, 2011 11:38am May 18, 2011 11:38am
Quoting Trader_X
my apologzies to the group...ive been around FF alot longer than sono and seen great threads go up in flames over this very kind of petty stuff..i dont need a fish..im trying to learn to fish..one trade aint gonna pay my bills, i can assure you!!!....im done ranting..sono you can have the last word!!! then can we just get back to trading!!! best regards, TX
If I could give you a ribbon or a metal for exceeding me in the length of time you've been on a forex forum site I would but this is all I could find.
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  • #19,965
  • May 18, 2011 11:39am May 18, 2011 11:39am
Quoting malcolmb14
Oh that is just because trading .. or maybe it is due to drunken trading

There is no weakness in the charts , only strength at the moment. 1.44 very likely
I think so. I am seen 1.44 very soon.
  • #19,966
  • May 18, 2011 11:40am May 18, 2011 11:40am
ah you see ... it is all about understanding markets

20 pip is great , but losing 20 pip is as easy as making 20 pip IMHO

Making 80 pip of a 120 pip days range is easy if you have pateince and wait for best set up

Todays low 1.4195 , that makes high 4320 ish. My entry 1,4220 on that ets after i saw strength on a 30 min . Exit at 100 pip profit.

My average stop is 25 pip when i enter a trade for a 70 to 100 pip return.

so is 20 pip tp better or 70 ... ? you have to ask yourself that. i think 20 is much more high risk when using vsa.

Quoting FXing
This is the best advice you can get. Greed is NOT good (unlike Gekko's opinion).

I prefer 20 pips day after day that 70 today and maybe tomorrow but -150 the next two days. We are looking for pips, but as safely as possible. It doesn't matter if "only" 20 per day. Then you only have to increase your lot size and ..... the money will come to your pocket.

Good pips to all.
Blogging daily now at www.volume.zone
  • #19,967
  • May 18, 2011 11:41am May 18, 2011 11:41am
thanks for the response malcolm..best regards, TX
  • #19,968
  • May 18, 2011 11:41am May 18, 2011 11:41am
.4180-90 next.
  • #19,969
  • Edited 11:53am May 18, 2011 11:42am | Edited 11:53am
I am going to share my 2 cents on the hot topic of the day and then fade away into the background...

SL and TP are very discretionary and are not usually an item I like to share or give advice on. In the end this thread is to help people learn how to spot VSA set-ups and how to tell when the set-ups are valid. What one does with the set-up and how then enter and then subsequently manage the trade is up to them.

Most of us on here could not manage our trades the way Malc does as he has a huge account and therefore will at times take 100+ pip SL’s (not always as pointed out above) as he normally is trading higher TF and has larger TP.

If you trade Intraday and especially if you are new to VSA then do what Intel does. Go for 1:1 on all trades… be consistent. Decide on your risk % and set your lot size to suit. If you risk 2% on a trade and you SL is 25pips away and 2% is say $200 then you would divide $200 / 25 pips and take on a trade paying out $8 / pip.

Each trader needs a trading plan and that plan should spell out max % risked per trade and then set your 1:1 SL and TP based on this.

Personally I always trade 2 positions on every trade. I close out the first one at 1:1 and then move the second one to BE once I have travelled at least 50 pips in the good (depending on the pair and where we stand with the ADR). This applies even if my original TP was only 20 pips away. The reason is I want to give my trades room to breath. If I hit lot 1 TP and then lot 2 hits SL I walk away BE for the trade and no worse for ware. This is how I personally manage my trades and it works for me but I in no way suggest this for anyone else… each trader must find their own comfort zone.
Today's zone = Tomorrow's opportunity!
  • #19,970
  • May 18, 2011 11:43am May 18, 2011 11:43am
Ok bear with me as this is my first attempt. As you can see, there appears to be two successful tests and a third that hasn't failed yet, as the bar has closed above the low, but might serve as a potential exit if it breaks the low and holds.
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  • #19,971
  • May 18, 2011 11:44am May 18, 2011 11:44am
Some good analysis here Sonofsin5, I like your chart
Please keep it up.
  • #19,972
  • May 18, 2011 11:46am May 18, 2011 11:46am
Quoting juhanimi
.4180-90 next.
Back to todays low? why ? what makes you think that ?
  • #19,973
  • May 18, 2011 11:55am May 18, 2011 11:55am
Quoting pipon
Back to todays low? why ? what makes you think that ?
May be see the weakness。 may be guessed。
  • #19,974
  • May 18, 2011 12:02pm May 18, 2011 12:02pm
A crucial spot for the USDCHF, look at the chart and talk about a trigger. I'm not going to post what I think about it for fear of getting offended again but if this breaks, well I'll leave it at that.
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  • #19,975
  • May 18, 2011 12:10pm May 18, 2011 12:10pm
My take on usdchf, pure technical analysis, apparently it's testing crucial level, but i think it's doing demand consumption for a push lower
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  • #19,976
  • May 18, 2011 12:12pm May 18, 2011 12:12pm
Quoting duyk20
My take on usdchf, pure technical analysis, apparently it's testing crucial level, but i think it's doing demand consumption for a push lower
You read my mind
  • #19,977
  • May 18, 2011 12:15pm May 18, 2011 12:15pm
Quoting pipon
Back to todays low? why ? what makes you think that ?
I saw it yesterday.
  • #19,978
  • May 18, 2011 12:17pm May 18, 2011 12:17pm
Quoting malcolmb14
ah you see ... it is all about understanding markets

20 pip is great , but losing 20 pip is as easy as making 20 pip IMHO

Making 80 pip of a 120 pip days range is easy if you have pateince and wait for best set up

Todays low 1.4195 , that makes high 4320 ish. My entry 1,4220 on that ets after i saw strength on a 30 min . Exit at 100 pip profit.

My average stop is 25 pip when i enter a trade for a 70 to 100 pip return.

so is 20 pip tp better or 70 ... ? you have to ask yourself that. i think 20 is much more high risk when using vsa.
Maybe you're right. I suppose it depends of the trading style and what can be normal for you maybe is not for others. Anyway I respect your opinion.
  • #19,979
  • May 18, 2011 12:18pm May 18, 2011 12:18pm
Re-visit of 1343 = weekly pivot ?

M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #19,980
  • May 18, 2011 12:20pm May 18, 2011 12:20pm
Quoting Sonofsin5
A crucial spot for the USDCHF, look at the chart and talk about a trigger. I'm not going to post what I think about it for fear of getting offended again but if this breaks, well I'll leave it at that.

I love seeing these setups, justs shows you the power of the trigger (especially on a wide range bar)
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