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vsa with Malcolm

  • #20,221
  • May 23, 2011 1:26am May 23, 2011 1:26am
you are not looking at same chart I am

use the 1.4 level as your trigger , wait for price to drop under it then look for sign of weakness....that may make you feel better about the trade.



Quoting juhanimi
I just can`t take short with EU, because I am seeing more strenght than weakness. H4.
Blogging daily now at www.volume.zone
  • #20,222
  • May 23, 2011 1:27am May 23, 2011 1:27am
Quoting malcolmb14
you are not looking at same chart I am
lol
It is not unusual that I am wrong side of the market.

I am waiting to see what this is. Better wait than lose money.
  • #20,223
  • May 23, 2011 2:42am May 23, 2011 2:42am
EU, 150 pips down today.
  • #20,224
  • May 23, 2011 2:50am May 23, 2011 2:50am
150 down and the us session has not started yet .. the sell off maybe in that session down to 3850

here is how to enter on a 15 min if you are looking for a sell entry. the bar marked at the crosshairs and the two either side are an evening start formatio , note how the volume is low in the middle bar , aka no demand.... enter 3 pips under the low of that , stop 3 pips above , your risk is about 30 pip for 150 plus reward
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-05-23 at 12.45.53 AM.png Size: 312 KB




Quoting juhanimi
lol
It is not unusual that I am wrong side of the market.

I am waiting to see what this is. Better wait than lose money.
Blogging daily now at www.volume.zone
  • #20,225
  • May 23, 2011 3:11am May 23, 2011 3:11am
EU-M15
Last 3 looks like NS, SV, NS.
  • #20,226
  • May 23, 2011 3:21am May 23, 2011 3:21am
Quoting malcolmb14
150 down and the us session has not started yet .. the sell off maybe in that session down to 3850

here is how to enter on a 15 min if you are looking for a sell entry. the bar marked at the crosshairs and the two either side are an evening start formatio , note how the volume is low in the middle bar , aka no demand.... enter 3 pips under the low of that , stop 3 pips above , your risk is about 30 pip for 150 plus reward
Attachment
Classic Visa entry. I took a short off a 30 min ND (yes Malc I said 30 min). I was looking for a close and hold below 4095 (lowest number level high volume 1hr trigger). Got that just at 11:00PM my time. 1hr and 30 mins later a ND printed on the 30min. Entry was at 4080 SL was placed at 4105 (10 pips above that trigger) although max DD was only 8 pips . I closed out at 4010 both of my lots. Will wat now until closer to NY open to decide on whether another trade in is the cards.
Today's zone = Tomorrow's opportunity!
  • #20,227
  • May 23, 2011 4:47am May 23, 2011 4:47am
Quoting malcolmb14
you are not looking at same chart I am

use the 1.4 level as your trigger , wait for price to drop under it then look for sign of weakness....that may make you feel better about the trade.
Now there was ND at 1.4. In M-15, can`t take that.
  • #20,228
  • May 23, 2011 4:52am May 23, 2011 4:52am
Quoting malcolmb14
150 down and the us session has not started yet .. the sell off maybe in that session down to 3850

here is how to enter on a 15 min if you are looking for a sell entry. the bar marked at the crosshairs and the two either side are an evening start formatio , note how the volume is low in the middle bar , aka no demand.... enter 3 pips under the low of that , stop 3 pips above , your risk is about 30 pip for 150 plus reward
Attachment
According to the chart,, the last few candle has highest vol,,

Possible reversal..

What ya think, Mal..
Sonic

P.s no trade call,, jus observation
  • #20,229
  • May 23, 2011 5:59am May 23, 2011 5:59am
Seems like no demand on 15min EU.
  • #20,230
  • May 23, 2011 6:02am May 23, 2011 6:02am
Guys i have a question

This is the trade i took today..Got home at that time..but it clicked my SL

I marked as you can see on the chart 3 bars..they have the gratest volume of all ..green horz line, red and black

We are also in down trend

RED horizontal line has the biggest volume..after that we got an black horizontal line bar with also bih volume but red is bigger

I marked its low of that red line bar and got an tradeguider signal as you can se on its say no demand...I put my sell stop bellow that no demand at iot got me inon the second bar...but the trade continued up and i end up with SL

What mess my trade..That another black line bar or what?

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: question.jpg Size: 131 KB
Work smart not hard
  • #20,231
  • May 23, 2011 6:16am May 23, 2011 6:16am
Quoting BeLikeWater
Hello everybody this is focused for begginers to intermediate VSA users, it is a chart of a quiz, from the "Chart Reading Master Class" of www.tradeguider.com, you have to answer the questions asked on the Graph, later (in this case me and 24 after I upload the chart) will put the answer given by Tom and Gavin for the chart, so we can compare the results!

PD: I dont know the answers and I will upload my answers too, lets see if we are getting the VSA concepts right.

http://img13.imageshack.us/img13/6806/crmc1.jpg

Uploaded...

I would say collapsed down

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #20,232
  • Edited 6:44am May 23, 2011 6:26am | Edited 6:44am
Quoting sony
Guys i have a question

This is the trade i took today..Got home at that time..but it clicked my SL

I marked as you can see on the chart 3 bars..they have the gratest volume of all ..green horz line, red and black

We are also in down trend

RED horizontal line has the biggest volume..after that we got an black horizontal line bar with also bih volume but red is bigger. The ND appears right at the trigger level and in itself it is a very good entry, but the big volume appearing could mark the end the the down trend or at least a ranging market for sometime.

I marked its low of that red line bar and got an tradeguider signal as you can se on its say no demand...I put my sell stop bellow that no demand at iot got me inon the second...
I would say you have to be careful after the bar closing at the green level. If you compare the volume to the previous bars in the trend, it is ultra high, which could mean that SM is starting to buy.
  • #20,233
  • May 23, 2011 6:51am May 23, 2011 6:51am
Quoting sony
Guys i have a question

This is the trade i took today..Got home at that time..but it clicked my SL

I marked as you can see on the chart 3 bars..they have the gratest volume of all ..green horz line, red and black

We are also in down trend

RED horizontal line has the biggest volume..after that we got an black horizontal line bar with also bih volume but red is bigger

I marked its low of that red line bar and got an tradeguider signal as you can se on its say no demand...I put my sell stop bellow that no demand at iot got me inon the second...
If im reading your chart properly you took the short off the no demand which was the last red arrow on your chart? If so you have a bit off possible strength in the back ground with that new trigger bar/ high volume bar, the next 2 candles closed up from that bar, and second on increasing volume.

Also the no demand bar that you took a short from, the next candle was down on decreasing volume, and the candle after it was up on increasing volume. All bullish.

But all of this might be wrong as Im not 100% sure which bar you entered from lol.
  • #20,234
  • May 23, 2011 7:11am May 23, 2011 7:11am
I'm looking to enter long after a test of the level 81.67 on USDJPY M15. It was oversold on H1 time frame and now looking for an entry.
  • #20,235
  • May 23, 2011 7:21am May 23, 2011 7:21am
Yes my entry was on that no demand bar marked with tradeguider as a red arrow
Work smart not hard
  • #20,236
  • May 23, 2011 10:53am May 23, 2011 10:53am
Hello everybody
Today is a killer account,I lost a lot of pips.Wrong set up in the 5M.I think I can get more experience in this,I think it is the contention in the long and short
,good luck everybody.
  • #20,237
  • May 23, 2011 11:21am May 23, 2011 11:21am
Quoting sony
Guys i have a question

This is the trade i took today..Got home at that time..but it clicked my SL

I marked as you can see on the chart 3 bars..they have the gratest volume of all ..green horz line, red and black

We are also in down trend

RED horizontal line has the biggest volume..after that we got an black horizontal line bar with also bih volume but red is bigger

I marked its low of that red line bar and got an tradeguider signal as you can se on its say no demand...I put my sell stop bellow that no demand at iot got me inon...
I think background and ADR progress were key on this. I perhaps had the benefit and thus mindset of having been trading since Asia open, where the 6E open gapped down, and basically kept going through the session. Then Frankfurt came along, EU had been down 100-130 pips already, and the London equity open was looming within the hour. With this type of straight down Asia PA, and broad risk-off and "everything is terrible" sentiment that is looming, I find the (London) equity market open, and we then get a pause in the thus far PA, or the pause happens 1 hour into equities opening, with a high likelihood of a SO.

I thought 1.4/1.399 would offer the support, but instead it did go about another 20 pips. To that point (and I think you entered a short after a slight upwards retrace) it had moved 175 pips down from the open - that is already a large ADR, and yet London had not really had it's say yet. Also, I am not a gap trader, but 6E did open gapping down - I think a few weeks ago it took until Tuesday to get up to the gap area. All in all, after a 175 pip down move, signs of mild stopping/supporting, further declines IMHO were not in the cards.
Attached Image (click to enlarge)
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  • #20,238
  • May 23, 2011 11:42am May 23, 2011 11:42am
Quoting boyce
Hello everybody
Today is a killer account,I lost a lot of pips.Wrong set up in the 5M.I think I can get more experience in this,I think it is the contention in the long and short
,good luck everybody.
Sorry that was the case. I thought the PA was kind of clear from a VSA perspective on the M5 and M15 timeframes. (Also, check how EU failed in getting up past the Sunday open, and then headed straight down - that was a high probability short, along with the ND on the M5.) I basically saw the opening Asia, Frankfurt and first 1-2 hrs of London as a continuation of Friday's declining EURUSD price action. Try not to compartmentalize things from week to week - in other words, don't expect the Sunday/Monday to be something net new or a 'brand new week with a clean slate.' And by all means, do not 'gap trade' - I did not travel to EURUSD thread-land, but I can only imagine the attempts that were made. (Mind you, I do expect a trace upwards to 416 and higher potentially, but 20 pip stops aren't going to cut it, lol!)

Not sure if you do so, but it helps me immensely to get a sense of is it a risk-on or risk-off session. Some will lambast me, but if you do it sparingly and with a critical eye, even watching Bloomberg Asia and Europe channels on the web, and subscribing to some key twitter accounts (I posted some of mine here) is a great way to "get in sync" with the market. Also, checking where the Asia equity indexes are heading, as well as monitoring S&P (ES) futures along with DX (which if strong will mean EU is usually weak), can all help.
  • #20,239
  • May 23, 2011 12:12pm May 23, 2011 12:12pm
@ sony
Tick volume just counts the number of times that price moved during that time period. Every individual tick change is recorded and the total number of tick changes is presented as an approximation of volume... the number of times that price changed has absolutely zero correlation to the actual total number of trades and their size.

What Are You Looking For?
Volume candlestick

And..how to identify volume candelstick ?
Answer is..momentum ( without momentum indicator ! )

And..where is momentum ?
Little help from me..
http://imageshack.us/photo/my-images/818/eurusdd.jpg/


http://mageshack.us/photo/my-images/818/eurusdd.jpg/
Trader from Croatia
  • #20,240
  • Edited 12:34pm May 23, 2011 12:32pm | Edited 12:34pm
Quoting frankkn
First chart is GU one hour. The blue box is supply, this means there are more sellers than buyers at this level. I like to wait for VSA/PA confirmation before I enter because I'm a conservative trader.

Next chart is GU 30m, highlighted is buying climax which shows that there really is a stack of sell orders at supply. Entry is a no deman-ish bar following an engulfing bar

Simple
Haven't had the time trade this week, still sitting on my cable short
Attached Image (click to enlarge)
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