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vsa with Malcolm

  • #20,441
  • May 26, 2011 7:40am May 26, 2011 7:40am
Quoting KinsaleForex
Nah. VSA is rubbish.
We are just that kinf of masochist people.
Greetings, BeLikewater
  • #20,442
  • May 26, 2011 7:53am May 26, 2011 7:53am
Quoting Forex GuyZ
guyz,

do you think VSA really works in this BIG forex market? i think one can't see the entire volumes in forex market. kindly reply.

Yep it does work. But you wont know unless you take the time to learn.
  • #20,443
  • May 26, 2011 7:55am May 26, 2011 7:55am
Last year I used a spreadsheet to try to make a risk appetite index for intraday sentiment. It was super simple, and if you go to yahoo finance you can see % change for: Dow, Nasdaq, S&P, 10 year bonds (interest rate), oil, and gold.

I lumped the first 3 into the category of US equities and assigned each a value of 1, and the rest a value of 3. I would make the value positive if it demonstrated risk appetite (for example equities are positive on the day so it gets a positive value, or if bond rates are up prices are down therefore showing risk appetite and they would get a positive value). So doing this I would get a sum for each time period and have it plotted on a bar chart to show risk appetite or risk aversion.

This went very well with looking for intraday reversals during London/US overlap.

I know this isn't VSA related but sentiment plays a role in the broad market and can impact our trades, and I'm curious if anyone has any criticism for me on this. Thanks
  • #20,444
  • May 26, 2011 8:04am May 26, 2011 8:04am
Trigger lines for everybody. (USD NEWS)

looking for short EU, and Longs USD/CHF
Greetings, BeLikewater
  • #20,445
  • May 26, 2011 8:07am May 26, 2011 8:07am
Quoting BeLikeWater
Trigger lines for everybody. (USD NEWS)

looking for short EU, and Longs USD/CHF
Could you please explain me why? Because of the news?
  • #20,446
  • May 26, 2011 8:08am May 26, 2011 8:08am
UHV that came out of no where...

hmmm

Whats going to happen next?


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  • #20,447
  • May 26, 2011 8:16am May 26, 2011 8:16am
3 bar UT on the EU 15m followoing weakness
  • #20,448
  • May 26, 2011 8:21am May 26, 2011 8:21am
Quoting BeLikeWater
Trigger lines for everybody. (USD NEWS)

looking for short EU, and Longs USD/CHF
im waiting until we get under 1.4140 before any shorts
  • #20,449
  • May 26, 2011 8:23am May 26, 2011 8:23am
Please tell me if you see a signal on EU.

About USDCHF it borke below the low on high volume. The next bar was down. Should we look for ND? Where would we put the trigger level where ND should appear?
  • #20,450
  • May 26, 2011 8:29am May 26, 2011 8:29am
Quoting NaughtyPip
im waiting until we get under 1.4140 before any shorts
Is that because of this?

Yea trigger lines are next on my list....
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  • #20,451
  • May 26, 2011 8:31am May 26, 2011 8:31am
Looks like were seeing supply on the 30min and 60 min.

Looks like we have also an upthrust on the 15.

Hopefully we can geta good us session.
  • #20,452
  • May 26, 2011 8:37am May 26, 2011 8:37am
Equities opened, high volume up move into supply (EU)
  • #20,453
  • May 26, 2011 8:40am May 26, 2011 8:40am
Quoting SimpleDev
Is that because of this?

Yea trigger lines are next on my list....
You got it.
  • #20,454
  • May 26, 2011 8:47am May 26, 2011 8:47am
Quoting dvarrin
Could you please explain me why? Because of the news?
I will explain USD /CHF, the was 2 potential buying bars (selling climax), what I want to see is price broking the Highest volume bar High, and after a test.
Greetings, BeLikewater
  • #20,455
  • May 26, 2011 8:55am May 26, 2011 8:55am
Quoting frankkn
Equities opened, high volume up move into supply (EU)
Hugely bearish reaction
  • #20,456
  • May 26, 2011 8:58am May 26, 2011 8:58am
Quoting frankkn
Hugely bearish reaction
My risk appetite index was maxed out to aversion when we had a climactic 15m bar into the 1h EU supply level. We've already dropped more than 40 pips, looking for reasonable entry.
  • #20,457
  • May 26, 2011 9:06am May 26, 2011 9:06am
Quoting frankkn
My risk appetite index was maxed out to aversion when we had a climactic 15m bar into the 1h EU supply level. We've already dropped more than 40 pips, looking for reasonable entry.
I personally hate when we drop so fast so quick, (unless im short).

Its a pain as the stoploss placement of 'old highs' normally goes out the window.
  • #20,458
  • May 26, 2011 9:09am May 26, 2011 9:09am
This blue box drawn from the highest volume 1 hr candle explains the range for me today. Longs above, shorts below.
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  • #20,459
  • May 26, 2011 9:11am May 26, 2011 9:11am
Quoting frankkn
Hugely bearish reaction
So it seems they have used news to take short positions, weakness seen earlier today was finally confirmed.

News were bad for USD, yet rise on eurusd was very short. From the standpoint of fundamental analysis this drop doesn't make sense but for SM it makes sense perfectly

I'm waiting for tests NDs on 15.
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #20,460
  • May 26, 2011 9:13am May 26, 2011 9:13am
I agree 68 pips no retrace. I would like to look to enter on a 15m no demand, as opposed to a 5m one (if the move wasn't so strong)

Here is how I prefer to use boxes, this is the supply I've been waiting for
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