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vsa with Malcolm

  • #21,541
  • Sep 15, 2011 10:48pm Sep 15, 2011 10:48pm
Quoting Mtm
what about IBFX volume? Malcolmb once mentioned its vol is close to esignal, but what do u thnk?
most bigger name mt4 is ok but like I said nothing but sierra charts compares to esignal
  • #21,542
  • Sep 15, 2011 10:52pm Sep 15, 2011 10:52pm
Quoting Mtm
what about IBFX volume? Malcolmb once mentioned its vol is close to esignal, but what do u thnk?
I use IBFX volume and it's the shit bro

As long as your feed can tell you when volume is

A) Ultra High
B) Low

That's all you need (other than an understanding of price structure)
  • #21,543
  • Sep 15, 2011 11:18pm Sep 15, 2011 11:18pm
Quoting SimpleDev
Lets take a poll...

If anyone would have taken a long position here... obviously it would have been a good trade, but the spread is too wide for me to see it as a NS a closing to to low to be a test.

Really would like to hear some opinions..
Don't forget about MTF bra

No way sono and pres are back!

Keep it simple my friends
  • #21,544
  • Sep 16, 2011 12:05am Sep 16, 2011 12:05am
This telling look for buy setup only
Latest 4H bar closed with strength!!! so what are we waiting for???
Attached Image(s) (click to enlarge)
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  • #21,545
  • Sep 16, 2011 12:15am Sep 16, 2011 12:15am
Quoting CoolTrader
This telling look for buy setup only
Latest 4H bar closed with strength!!! so what are we waiting for???
I'd be careful because of the dailies... doesn't look like strenght
  • #21,546
  • Sep 16, 2011 12:24am Sep 16, 2011 12:24am
You daily? i give u Daily VSA chart.
Chart already screaming at this moment. Strength already lining up with Daily, 12H, 8H, 4H
Attached Image (click to enlarge)
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  • #21,547
  • Sep 16, 2011 1:35am Sep 16, 2011 1:35am
Quoting CoolTrader
This telling look for buy setup only
Latest 4H bar closed with strength!!! so what are we waiting for???
not clear。waiting for hight vol down bar and test
  • #21,548
  • Sep 16, 2011 3:02am Sep 16, 2011 3:02am
Quoting Probo
After some time,

I've successfully modified the dll file of TG VSA Signal indicator.
Now it can run without license. Those who want to learn VSA will surely benefit of this. I call it educated version.

I've attached the screen.
I would like to 'evaluate' the software if you don't mind. You can send it to [email protected]

Thanks
  • #21,549
  • Sep 16, 2011 7:39am Sep 16, 2011 7:39am
Quoting CoolTrader
This telling look for buy setup only
Latest 4H bar closed with strength!!! so what are we waiting for???
Personally looking at your 8hr chart bears are still in control. Your highest volume bars looking at the last 4 blue volume bars have all been upbars. All have made failed attempts to rise and all have closed at or below their centers. TG marks SOS yes... but we are in a downtrend (your red diamonds) and I would want to see a major increase in volume on a downbar before I would even think of a change in trend. Other than short time frame scalps shorts are still the way... IMHO.

Right now the highest volume bar I see on your chart is a downbar from September 9th with it's high around 1.6. This high should be taken out and tested with your trend diamonds turned blue before we see any extensive moves back up. There was some minor buying seen with the next bar up but no reult / follow through has been seen.
Today's zone = Tomorrow's opportunity!
  • #21,550
  • Sep 16, 2011 9:31am Sep 16, 2011 9:31am
Quoting pres78
Personally looking at your 8hr chart bears are still in control. Your highest volume bars looking at the last 4 blue volume bars have all been upbars. All have made failed attempts to rise and all have closed at or below their centers. TG marks SOS yes... but we are in a downtrend (your red diamonds) and I would want to see a major increase in volume on a downbar before I would even think of a change in trend. Other than short time frame scalps shorts are still the way... IMHO.

Right now the highest volume bar I see on your chart is a...
waiting for current 8H and 12H bar closing off.
Attached Image(s) (click to enlarge)
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  • #21,551
  • Sep 16, 2011 10:16am Sep 16, 2011 10:16am
There is some major weakness in the Eur today.
  • #21,552
  • Sep 16, 2011 10:33am Sep 16, 2011 10:33am
Quoting Sonofsin5
There is some major weakness in the Eur today.
Globex Eur futures.
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  • #21,553
  • Sep 16, 2011 10:34am Sep 16, 2011 10:34am
I just want to share some thoughts on a couple of nice opportunities that Euro offered today on a 5’ chart.

Yesterday there was weakness on the background so today I was aware of possible down movements.

On the Asian session market had been making LL+LH so it was on a downtrend.

Then it made a 2BR and a Test that allowed us to draw a TL. Price debilitates the TL and finally broke below showing signs of weakness. Price come back to test the projected TL with an increase of volume showing more weakness as the price do not respond to that effort with higher moves.

From that point price was driven sharply down creating a Delta Zone. Made a new low, and latter, entering on the DZ made a ND signal. After the weakness on our background, a movement below the low of the ND bar was our first entry.

Price made a nice down movement until a PS area. Then made a ND, and a new low for a SC. It went up to set an AR as per Wyckoff wave. From there on, price made a nice ST and a SO that drove the market close to the AR, there we saw SOW in the form of ND, UT, and a Squat bar.

BB where no interested in higher prices and no participation of BB meant prices was not going to rise any more… so it failed until a PS, the we saw a Failed Test and an wide spread down bar with climatic volume making what looked like a SC. After a SC we expect an AR witch followed, and then a nice SO that was a Test look alike as per VSA but with such a big spread I won’t call it a perfect test. We would prefer narrow spread bars.

Price kept rising to test the area where the 2RB was seen first (in the Asian session) and did it with a wide spread up bar closing of his highs, followed by a HH bar closing on its low and signaling selling so a SOW. From there on price tried to challenge that HH and did so with a ND.

A ND after a SOW with such climatic volume was a very good second chance to enter the market selling as price took the low of that ND bar. It happened on the next bar and the sharply down move followed nicely. That bar, btw was a NS bar, with volume lower that the previous two bars, but price never took the hi of that bar.

Hope it makes sense.
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  • #21,554
  • Sep 16, 2011 6:02pm Sep 16, 2011 6:02pm
there is some strength on E/U supporting the market atm, however it is followed by a nasty 2BR and some testing. If we don't see an immediate positive result from this test then I think it is safe to short the low. The yellow line is a nice area of confluence of support as well as a 38.2 fib level.
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  • #21,555
  • Sep 17, 2011 7:13am Sep 17, 2011 7:13am
Quoting apple_sauce
there is some strength on E/U supporting the market atm, however it is followed by a nasty 2BR and some testing. If we don't see an immediate positive result from this test then I think it is safe to short the low. The yellow line is a nice area of confluence of support as well as a 38.2 fib level.
Hi apple sauce,

How do you get the no supply and no demand markers on your chart? Do you have a mt4 indicator for that?

Thanks, Caprica
  • #21,556
  • Sep 17, 2011 5:44pm Sep 17, 2011 5:44pm
No I write it in myself. I don't see a need for using indicators, in fact I find them to be a nuisance. When you work on you chart reading skills you get to a point where you look at a chart and you can "feel" what is going on. The best way I can explain it is with this clip.

Inserted Video


Quoting caprica
Hi apple sauce,

How do you get the no supply and no demand markers on your chart? Do you have a mt4 indicator for that?

Thanks, Caprica
  • #21,557
  • Sep 18, 2011 1:25pm Sep 18, 2011 1:25pm
Quoting apple_sauce
No I write it in myself. I don't see a need for using indicators, in fact I find them to be a nuisance. When you work on you chart reading skills you get to a point where you look at a chart and you can "feel" what is going on. The best way I can explain it is with this clip.

http://www.youtube.com/watch?v=3RUqy...eature=related
I like that movie, but its a good analogy. A competent VSA trained trader needs no indicators. Entry and exit criteria necessary to make a nice living from markets is in the bars, spreads, volumes. Although thinking as a predator does entails using indicators and oscillators to see where predatory operators will be likely to lay their traps. I was watching the EU trade last Wednesday on a 2 minute chart around the Singapore open. (Sorry no chart.) As rate ambled down, it started showing a bit of strength such that it rallied back above a 20 bar VWAP. That was a typical place where VWAP traders would place their buy stops. Rate quivered there for 30 seconds, long enough to trap some new longs, and then shot down under strong selling pressure. Chinese traders know what's what and have a roll to make it so. Don't trade based on indicators, but do be aware that big operators manipulate the markets to trick indicator traders into bad positions where they are quickly stopped out or perhaps hang on a to losing trade until margin call.
  • #21,558
  • Sep 19, 2011 2:09am Sep 19, 2011 2:09am
Im going to post a real time trade, hopefully all goes well..

Entry 2 pips above 5m high volume shakeout, stop lost 2 pips below the shake out.

Also attached a 15m, which shows the strength.
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  • #21,559
  • Sep 19, 2011 3:52am Sep 19, 2011 3:52am
First section we see a SO on 5m followed immeadeatly by a NS which is bad news, but I figured we are so close to the DP wait and see if we find any support, which we did find a bounce. I pulled 1/2 position at out second NS and left stop in place and trade resulted in -5.5 pips.
Attached Image (click to enlarge)
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  • #21,560
  • Sep 19, 2011 5:13am Sep 19, 2011 5:13am
Quoting SimpleDev
Im going to post a real time trade, hopefully all goes well..

Entry 2 pips above 5m high volume shakeout, stop lost 2 pips below the shake out.

Also attached a 15m, which shows the strength.
Heres my trade. Exited for non VSA reasons. Your initial analysis has some flaws. If noone else comments, I will go over them later.
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