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vsa with Malcolm

  • #21,181
  • Jun 22, 2011 6:22am Jun 22, 2011 6:22am
Quoting Alexone
Hello! I have a question regarding tests. From what i understand tests must have a lower low lower high over the previous bar and close in the previous bar, no? And be down bars preferably. My question is can a test have lower low and higher high and close in the previous bar (some sort of engulf thing but not quite because it closes in the previous bar)?
Yes it can but, dont expect this always.
  • #21,182
  • Jun 22, 2011 6:35am Jun 22, 2011 6:35am
Quoting Jasus
I think it's a shakeout because it was on an uptrend and it a very wide spread down bar with high volume and the next bar up. MTM shows a shake-out like that, on the dow jones industrials at 1987 crash. Yes prices could continue to go down but it showed more buying in the next bars, and that's why I wait for some up bars and then enter on a test/NS.
MTM does indeed show this type of bar as a SO. However, it should be noted that the bar alone is only 1/3 of the picture. In order for the bar to be a SO, it MUST be in a strong market and it MUST be followed immediately by a rapid increase in price.

If all 3 of these are not satisfied, then it is not a SO. Normally, we see the rapid increase in price happening in the same bar. This gives us the usual SO 'looking' bar which closes near the high. If price were to simply 'drift' back up after the sharp down move, it would not be much of a 'trap'.

How does your example measure up?
  • #21,183
  • Jun 22, 2011 7:07am Jun 22, 2011 7:07am
VSA skype room:

[3:05:32 PM] Stephen Frankel: Guys who is Malcolm you keep mentioning?
[3:05:41 PM] Rahul K. Ghosh: he's a guru
[3:06:11 PM] Stephen Frankel: whats his surname?
[3:06:20 PM] Rahul K. Ghosh: guruji
[3:06:25 PM] MarcusFire: LOL
[3:06:26 PM] Rahul K. Ghosh: malcolmb guruji is his name
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #21,184
  • Jun 22, 2011 7:15am Jun 22, 2011 7:15am
Took this short trade today. is it correct ?

I know it's against the trend.

http://i55.tinypic.com/4rrzpi.gif
  • #21,185
  • Jun 22, 2011 7:49am Jun 22, 2011 7:49am
Quoting rahulkghosh
VSA skype room:

[3:05:32 PM] Stephen Frankel: Guys who is Malcolm you keep mentioning?
[3:05:41 PM] Rahul K. Ghosh: he's a guru
[3:06:11 PM] Stephen Frankel: whats his surname?
[3:06:20 PM] Rahul K. Ghosh: guruji
[3:06:25 PM] MarcusFire: LOL
[3:06:26 PM] Rahul K. Ghosh: malcolmb guruji is his name
I wish my last name was Guruji. I'd let my soul do the work. EDIT: it'll take time.
  • #21,186
  • Jun 22, 2011 8:21am Jun 22, 2011 8:21am
Quoting gigitranza
Took this short trade today. is it correct ?

I know it's against the trend.

http://i55.tinypic.com/4rrzpi.gif
this is a hidden potential selling bar
weakness=UT ND BUYING CLIMAX END OF RISE but stopping bar never
i think vsa signals1.1 can help you!
Attached File(s)
File Type: ex4 VSA Signals v1.01.ex4   25 KB | 707 downloads
File Type: mq4 VSA Signals v1.01.mq4   24 KB | 1,039 downloads
  • #21,187
  • Jun 22, 2011 8:48am Jun 22, 2011 8:48am
Quoting rahulkghosh
VSA skype room:

[3:05:32 PM] Stephen Frankel: Guys who is Malcolm you keep mentioning?
[3:05:41 PM] Rahul K. Ghosh: he's a guru
[3:06:11 PM] Stephen Frankel: whats his surname?
[3:06:20 PM] Rahul K. Ghosh: guruji
[3:06:25 PM] MarcusFire: LOL
[3:06:26 PM] Rahul K. Ghosh: malcolmb guruji is his name
i can't believe it we should start to produce some icons, malcolm please send us your picture, I would like to have one in my living room
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #21,188
  • Jun 22, 2011 12:12pm Jun 22, 2011 12:12pm
Check the huge amount of selling volume on that move into 1.44 on 6E futures, and the rejection bars that have followed. Usually sellers win out in cases like this, and we see more downside before any consolidation and move up.

Similarly, check the significant buying support on DX and break of a recent and peek above trendline. If DX closes above 75.2, we may be seeing additional weakness in S&P tomorrow, and a possible risk off session with the depressing news from Ben. Amazing how all these work hand in hand; there were similar type signals in 6B, 6A and others. So far, in EU, this has played out for 60-70 pips ... IMHO there is more to come, before decision time on reaching 1.45 spot forex (if it has the gusto to get there - still an option, but somehow it's been delayed)
Attached Image(s) (click to enlarge)
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  • #21,189
  • Jun 22, 2011 12:24pm Jun 22, 2011 12:24pm
Quoting Beljevina
Check the huge amount of selling volume on that move into 1.44 on 6E futures, and the rejection bars that have followed. Usually sellers win out in cases like this, and we see more downside before any consolidation and move up.

Similarly, check the significant buying support on DX and break of a recent and peek above trendline. If DX closes above 75.2, we may be seeing additional weakness in S&P tomorrow, and a possible risk off session with the depressing news from Ben. Amazing how all these work hand in hand; there were similar type signals...
What are those colorful pictures attached to your post?
Today's zone = Tomorrow's opportunity!
  • #21,190
  • Edited 1:02pm Jun 22, 2011 12:46pm | Edited 1:02pm
Quoting pres78
What are those colorful pictures attached to your post?
Oops ... didn't mean to make things too 'complicated' !

I'll also use this as an opportunity to throw in a spot fx chart - notice the (citibank) volume isn't as prevalent and easy to read, hence why I try to use it in conjunction with futures volume.

I am seeing two prominent rejections of the 1.442 region, leaving some prevalent pin bars, where we know there are sellers waiting. The chart is currently at a last stand (dashed) trendline, closing on the day's lows as 5pm NY approaches. If it dips further, 43328 is a minor POC and support of a prev high, but I think the 1.43 level of yest's low & S1 & supply zone & even number, is calling IMHO.

Hard to discount another shot at 1.44 to get to 1.45, but, given the strength of DX and the general disinterest of everything else including S&P turning down, we may be looking to have risk off in Asia or London, and very likely NY tomorrow, given Ben's depressing message. (Didn't he look depressed too, lol?)

That pin bar and trigger rejection(s) are and can often be telegrams from smart money, for the start of a significant decline. Don't mean to be salivating, but 200+ pips would suit me just fine.
Attached Image (click to enlarge)
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  • #21,191
  • Jun 22, 2011 4:47pm Jun 22, 2011 4:47pm
Quoting Beljevina
Oops ... didn't mean to make things too 'complicated' !

I'll also use this as an opportunity to throw in a spot fx chart - notice the (citibank) volume isn't as prevalent and easy to read, hence why I try to use it in conjunction with futures volume.

I am seeing two prominent rejections of the 1.442 region, leaving some prevalent pin bars, where we know there are sellers waiting. The chart is currently at a last stand (dashed) trendline, closing on the day's lows as 5pm NY approaches. If it dips further, 43328 is a minor POC and support of...
This is what I get from one of my fx spot brokers.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 15 min.gif Size: 152 KB

Not as clear as your future chart but never mind just have to look more in details.

Cheers
  • #21,192
  • Jun 22, 2011 5:25pm Jun 22, 2011 5:25pm
Quoting pres78
Chart speaks for itself...
As a follow up to yesterday's post looking at just that same WRB from Tuesday that stood out so much... look at PA today... same bar, same zone respected again. SM can be oh so predictable. When you find a huge SM action zone such as that Tuesday bar keep watching it until PA leaves to the North or South as SM always returns and tests and respects levels and zones over and over.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #21,193
  • Jun 23, 2011 12:24am Jun 23, 2011 12:24am
no demand on 30" TF.
momentum and trend is down.
will hold the ride down until some change in trend.
Attached Image (click to enlarge)
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  • #21,194
  • Jun 23, 2011 1:29am Jun 23, 2011 1:29am
Quoting pres78
As a follow up to yesterday's post looking at just that same WRB from Tuesday that stood out so much... look at PA today... same bar, same zone respected again. SM can be oh so predictable. When you find a huge SM action zone such as that Tuesday bar keep watching it until PA leaves to the North or South as SM always returns and tests and respects levels and zones over and over.
Unfortunately this isn't a follow up any more as the previous chart was removed as "bickering". Nice posts as usual though.
  • #21,195
  • Jun 23, 2011 3:40am Jun 23, 2011 3:40am
Does anyone knows of an indicator that will mark/color the bar on your chart if it detects it is a squat bar?

or some other similar indicator?
  • #21,196
  • Jun 23, 2011 3:48am Jun 23, 2011 3:48am
Quoting rahulkghosh
VSA skype room:

[3:05:32 PM] Stephen Frankel: Guys who is Malcolm you keep mentioning?
[3:05:41 PM] Rahul K. Ghosh: he's a guru
[3:06:11 PM] Stephen Frankel: whats his surname?
[3:06:20 PM] Rahul K. Ghosh: guruji
[3:06:25 PM] MarcusFire: LOL
[3:06:26 PM] Rahul K. Ghosh: malcolmb guruji is his name
are you the rahulkgosh from the DC contest?

great performance
  • #21,197
  • Jun 23, 2011 6:04am Jun 23, 2011 6:04am
Quoting ivonivon
no demand on 30" TF.
momentum and trend is down.
will hold the ride down until some change in trend.
holding a +128 pip now.
potential another 82 pip down until eow, although the volume's now hold potential accumulation, trend's still down.
  • #21,198
  • Jun 23, 2011 6:48am Jun 23, 2011 6:48am
i would be cautious with shorts. lots of high volume coming in on down bars
Attached Image (click to enlarge)
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  • #21,199
  • Jun 23, 2011 8:34am Jun 23, 2011 8:34am
Quoting KinsaleForex
Unfortunately this isn't a follow up any more as the previous chart was removed as "bickering". Nice posts as usual though.
First post, follow up post... Who cares. Posting here has become a waste anyway between the "bickering" and lack of participation / learning. She was a great place while it lasted and hopefully Malc can return and build her back up because right now she is dead.
Today's zone = Tomorrow's opportunity!
  • #21,200
  • Jun 23, 2011 9:18am Jun 23, 2011 9:18am
today market moved lower in asia and london, met with massive buying in ny.
Getting to area of support here, dependong on tommorow ill be looking for 4550 next week.
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