vsa with Malcolm

But why did you address me in the post then if the message was for Hidden Gap.

I don't own ensign, now we are both confused. I have a monthly subscription and I pay 49.95 as I said and you said is 26, am I wrong? Anyway, I would appreciate if you're gonna reflect for a bit above the entire post...
Thanks...

That's totally another message...doesn't have anything to do with the first message and I saw you already post your opinion during my tipping. Thank you again

I have never talked about Ensign with you as I do not own it. I use MT4 charting and that is all. I have nothing to reflect on as I have no idea what you are talking about.

I read the post few hours ago and I made a confusion I double checked and you're right msmarple was the one which affirmed that, my bad ....

My nick Skype : vietbach11,please add,thanks

s7c you need to think about a trend and its fractal nature. If you dont know what a fractal is then google it. If you view a trend as fractal, and you want to trade the trend only, in theory you will always be trading against the trend in some higher timeframe, there is no getting away from that. But you need to think about what the probability is of a trend or a sub trend changing for the duration of your trade and how many pips you want. We could be in a down trend on the weekly, but if all i want is 50 - 100 pips and the 4 hr is up for the last 50 or so bars, what are the chances of the 4hr trend becoming bearish inline with the weekly trend before ive managed to get my 50 -100 pips on a long? To go short would be trying to catch a top and probability is that you will get burnt (unless you have excellent chart reading skills that is)

Let's play a game of "spot the news bar"

Okey, can you make trendchannel to MT4 as it is in TG.
With quarter- and middlelines and option to not to use them.

And with option to modify lines, like in this pic.

I think this is a good short.

I need people to agree or disagree with me. Not valid to mention that is a counter-trend trade.

http://img577.imageshack.us/img577/3130/shortej.jpg

Have a nice day.

BeLikeWater, can you do it?

Actually Yes, Will I ? No. Reason is a simple thing to do manually, and already have a lot more other things in mind. Sorry.

If you have another idea more interesting, tell me.

Okey, thanks you took time to answer.

Wow euro a complete mess again today, steering clear.

I was just coming on to post the very same. What a disaster. Too much news and general fuckery going on today.

Hi BeLikeWater,

Here is my tentative to write an alerter when a Gavin's sequence is found.

Your changes and ideas are welcome.

By the way, do you know how we could create a channel with quarters as in Tradeguider? I would like create one, but can we respond to mouse events or do we have to find an other trick?

As you know, I am not a fan of multiple time frame analysis. I am not going to make a case here for or against multiple time frame analysis, rather I want to focus on the idea of trading with the trend. Since I only look at one time frame that is where my emphasis will be.

First I want to replace the word trend with the word direction. A large part on the retail trader's edge comes from being a directional trader. This gives us our first irony of Volume Spread Analysis: while it is adapt at picking tops and bottoms, most of its practitioners give up some edge in trying to do so.

Another term I want to introduce, is Chart Mode. Chart Mode is very key. There are various ways to define the Chart Mode. For me, Chart Mode broadly consists of the chart's direction, the momentum, the flow of momentum. I want to stress that I am NOT an indicator trader (right-side). I am a left-side method (VSA) trader who uses indicators for decision support. Specifically, I use indicators to determine Chart Mode. If the Chart Mode is Buy, then I will only be taking method set-ups to the long side. That means I would be entering after Tests, No Supply, Squats, etc. If the Chart Mode is Sell, then I will only be taking method set-ups to the short side. That means I would be looking to enter on Up Thrusts, No Demand, Squats, etc.

Take a look at the first chart.

We see strength enter the market starting with the climatic action bar. This bar has a wide spread on Ultra High Volume and closes off its low. The next bar is down, but there must have been some buying on this bar as the close was off the low.

Skip to the 2 Bar Shake Out. If you can enter on the first bar of this formation, more power to you. You would be bottom picking and by definition going against that thing that gives a retail trader a portion of his/her edge: trend (direction).

The two most often heard clichés in the markets can not both be true.
1. Buy low and Sell high (or Sell high and Buy back lower)
2. The trend is your friend.

The Highest probability entry comes later. In this case something happens at the same time. This is just a coincidence. At 1306, the Chart Mode turns to Buy. The Hull average is rising, the Price Attractor Line (PAL) is blue, Slow Momentum is up (bottom blue arrow),Mex flow is increasing(dark blue arrow), and Price is above the PAL.

While an indicator only trader would be looking at the right side of the chart for all the indicators to line up, as a Method trader, I am looking left to trade right. There is a Test (in a rising market) with strength in the background at a trigger level.

The idea is that you don't have to fight the market.

Take a look at the second chart.

As Gavin says, we want to "ignore" the signs of strength we see and trade in the direction of the trend.

With the Chart Mode already in Sell, we got some climatic action on the News release. Three intervals later, we saw more demand enter the market. That was even followed by a successful Test. You go long on this test at your peril.

The better entry is to trade in harmony with the trend. As price rises from the test it does so on No Buying Pressure. The next bar is a No Demand that is within the range of BOTH of the two high volume down bars that contained previous buying.

If you see signs of strength coming into a market, wait for the market to prove you right by changing direction before you enter. If you are using more than one time frame, the trading chart time frame-the one you actually trade off of- needs to be trending in the direction of the trade. You may want other to confirm it, but the trading chart should always be in a Chart Mode that is aligned with your trade. However you choose to define Chart Mode.

This is not VSA and the take away is the concept :
http://www.tacticaltradingmethod.com...r-trading.html

Big one HiddenGap!! :-))

About the chart mode and the momentum arrows, do you know on what they are based? I would like to reproduce them in MT4, but I don't know how they work.

Quiet day today... 1 post about a short trade and no other charts or VSA trade discussions. Too bad.