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vsa with Malcolm

  • #21,781
  • Sep 23, 2011 4:46am Sep 23, 2011 4:46am
Quoting Lowell83
Hey Pres,

Just wanted to know what your general experience with Tadawulfx is. Transferring of funds, Execution, stuff like that.

Thanks.
Overall I am as happy with them as I could be. I have good fixed spreads (never have I seen an widening of any kind) in the main 4 pairs and good enough spreads on my futures and commodoties. They have good execution and I have never seen a broken / delayed feed during news. I transfer all my funds in and out by Paypal and they cover the costs coming in and the money is there within 6-24 hrs depending on what time of day I deposit. The money is back in my Paypal within 24 hrs of a withdrawl. Their volume feed is OK in comparision and I have learned to read / trade it but obviously it's not perfect as they are not a major bank provider.

I am working on deals with a futures broker but plan on keeping Tada as my spot broker.
Today's zone = Tomorrow's opportunity!
  • #21,782
  • Sep 23, 2011 5:01am Sep 23, 2011 5:01am
Asia moved up into the DPV at 81.70 and was rejected over 200 points down. I missed LO which gave a couple of longs but I was here for the moved back towards the DPV and upper reversal. Took an aggressive entry (above a blue hull) but still felt safe with a nice tight stop.
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Today's zone = Tomorrow's opportunity!
  • #21,783
  • Sep 23, 2011 5:08am Sep 23, 2011 5:08am
Quoting pres78
Asia moved up into the DPV at 81.70 and was rejected over 200 points down. I missed LO which gave a couple of longs but I was here for the moved back towards the DPV and upper reversal. Took an aggressive entry (above a blue hull) but still felt safe with a nice tight stop.
We just printed a nice 2 bar reversal into the low of that HVB... added on another short at 80.45 (entry just hit while I was typing)... Looking for this to move down some more towards the days low at least until NY open. Will watch it on my phone on the drive to work.

Later... good luck to all.
Today's zone = Tomorrow's opportunity!
  • #21,784
  • Sep 23, 2011 6:16am Sep 23, 2011 6:16am
Quoting pres78
We just printed a nice 2 bar reversal into the low of that HVB... added on another short at 80.45 (entry just hit while I was typing)... Looking for this to move down some more towards the days low at least until NY open. Will watch it on my phone on the drive to work.

Later... good luck to all.
At work now been watching the above trades and they are doing well . Scaling my stops down accordingly. See what NY and NYSE bring.
Today's zone = Tomorrow's opportunity!
  • #21,785
  • Sep 23, 2011 7:03am Sep 23, 2011 7:03am
Just added another short at 78.10 after a 2 bar reversal into the low of my highest volume bar. Other shorts have their stops moved the stop for this new trade which is 78.40.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #21,786
  • Sep 23, 2011 7:08am Sep 23, 2011 7:08am
Not going to cover them here (this isn't my personal transaction log you know ) but ES has offered up some amazing short opportunities post LO...

Hope some traders caught them and are cashing in... 30+ points down with a lot of doors left open by the SM allowing us to climb in.

NY opening now and ES is finding some support at yesterday's low... let's see what's next.
Today's zone = Tomorrow's opportunity!
  • #21,787
  • Sep 23, 2011 7:12am Sep 23, 2011 7:12am
Quoting pres78
Just added another short at 78.10 after a 2 bar reversal into the low of my highest volume bar. Other shorts have their stops moved the stop for this new trade which is 78.40.
When we hit 77.60 I moved all trades to 78.10 stop and closed lot 1 of short # 3. Just got stopped out on all Oil trades on this NY open spike. Waiting to see what set-ups NY offers on Oil.
Today's zone = Tomorrow's opportunity!
  • #21,788
  • Sep 23, 2011 7:38am Sep 23, 2011 7:38am
Oil looks like it building for a possible move up. Keep your eyes peeled.
Today's zone = Tomorrow's opportunity!
  • #21,789
  • Sep 23, 2011 7:39am Sep 23, 2011 7:39am
here is the sgd,10. interestingly, you can see UHV on Yao Ming (as gavin calls it) with a close 3059 and then it has come back and tested it with a two bar reversal and an upthrust.

so i went short at 3039
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Be greedy when others are fearful, and fearful when others are greedy.
  • #21,790
  • Sep 23, 2011 7:39am Sep 23, 2011 7:39am
Quoting pres78
We just printed a nice 2 bar reversal into the low of that HVB... added on another short at 80.45 (entry just hit while I was typing)... Looking for this to move down some more towards the days low at least until NY open. Will watch it on my phone on the drive to work.

Later... good luck to all.

Hi Pres,

Congrats for your awesome trades uve been doing this week.

On the two bar reversal pattern, in a down-trend the up bar must have high volume but sometimes ive seen that the down bar ends up in a ND, like in this EU example we had today, the down candle made a bearish engulfing but volume was slightly lower than the 2 previous bars.

Would you trade this 2bar reversal ?
Thanks.
Attached Image (click to enlarge)
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Trade Smart
  • #21,791
  • Edited 8:50am Sep 23, 2011 8:13am | Edited 8:50am
Quoting Osman
Hi Pres,

Congrats for your awesome trades uve been doing this week.

On the two bar reversal pattern, in a down-trend the up bar must have high volume but sometimes ive seen that the down bar ends up in a ND, like in this EU example we had today, the down candle made a bearish engulfing but volume was slightly lower than the 2 previous bars.

Would you trade this 2bar reversal ?
Thanks.
Yes I would have as a NS in a weak / falling market means nothing really. NS's are only of real importance in a rising or changing market (from down to up). You want the second bar (in this case the downbar) to be on lower volume and preferrably make a higher high and a lower low is icing on the cake (but not manditory). The higher volume on the upbar with the next bar down shows selling. The second bar moving down with ease on lower volume shows demand is not holding it up and if it has made a higher high it's showing some testing before moving down.

All of the above comments are just my opinions on how I trade and may or may not be "text book".
Today's zone = Tomorrow's opportunity!
  • #21,792
  • Sep 23, 2011 8:24am Sep 23, 2011 8:24am
Quoting pres78
Not going to cover them here (this isn't my personal transaction log you know ) but ES has offered up some amazing short opportunities post LO...

Hope some traders caught them and are cashing in... 30+ points down with a lot of doors left open by the SM allowing us to climb in.

NY opening now and ES is finding some support at yesterday's low... let's see what's next.
Let me add to your personal transaction log Jason ;-)

The triggers are from yesterdays trading session.
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  • #21,793
  • Sep 23, 2011 8:35am Sep 23, 2011 8:35am
Quoting pres78
Oil looks like it building for a possible move up. Keep your eyes peeled.
As expected Oil has made a jump up and also as could be / should be expected we are seeing some supply resistance at yesterday's low.

Edit - While typing (got busy at work) Oil has printed a SO / buying bar which pushed back up through that low. A ND or test into this area would make a nice long. We are back above the heavier supply needed to make the initial push down through yesterday's low that we saw earlier today...
Today's zone = Tomorrow's opportunity!
  • #21,794
  • Sep 23, 2011 8:43am Sep 23, 2011 8:43am
Quoting Steve Gill
Let me add to your personal transaction log Jason ;-)

The triggers are from yesterdays trading session.
There was a nice NS in a rising market after that stopping volume at the bottom right before the jump up. Could've grabbed a quick 13 points if one was on their VSA game.
Today's zone = Tomorrow's opportunity!
  • #21,795
  • Sep 23, 2011 8:52am Sep 23, 2011 8:52am
Quoting pres78
As expected Oil has made a jump up and also as could be / should be expected we are seeing some supply resistance at yesterday's low.

Edit - While typing (got busy at work) Oil has printed a SO / buying bar which pushed back up through that low. A ND or test into this area would make a nice long. We are back above the heavier supply needed to make the initial push down through yesterday's low that we saw earlier today...
Oil looks as though she's getting ready for another push up...
Today's zone = Tomorrow's opportunity!
  • #21,796
  • Sep 23, 2011 9:18am Sep 23, 2011 9:18am
Once you have become comfortable with VSA watching PA becomes more simplified and clear. You start to learn the best places to place your stops, the safest entries and when you could expect to see supply and demand sitting in wait. It allows you to better pick targets for trades etc...

Oil has been moving very predictably today finding support and resistance at all the figured levels. We are currently in a 100 pip or so zone which until broken and tested successfully could provide some ranging. 80.50 rejection above and 79.60 Thursday low below (which we are back at...)
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Today's zone = Tomorrow's opportunity!
  • #21,797
  • Sep 23, 2011 10:01am Sep 23, 2011 10:01am
When Oil gets a bit rangy I like to scalp the 1min chart as you can get in and out with a quick 15-25 points quickly on lot 1 and get to BE on lot 2...

Won't get into the management of the trades but you get the picture.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #21,798
  • Sep 23, 2011 10:04am Sep 23, 2011 10:04am
Quoting pres78
Yes I would have as a NS in a weak / falling market means nothing really. NS's are only of real importance in a rising or changing market (from down to up). You want the second bar (in this case the downbar) to be on lower volume and preferrably make a higher high and a lower low is icing on the cake (but not manditory). The higher volume on the upbar with the next bar down shows selling. The second bar moving down with ease on lower volume shows demand is not holding it up and if it has made a higher high it's showing some testing before moving...
Hi Pres,

Thx for your answer, would be the same case in an uptrend ?

The up candle closed higher than previous bar but volume was higher, than the down candle, in this case it worked but wanted to ask you as market dont like high volume up bars...

* On your last example of the 2 bar reversal on Oil, wouldnt the down bar has to close at the low of the previous bar ? the down candle made a higher high but the close was around 50% of the up candle

Thx !
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Trade Smart
  • #21,799
  • Sep 23, 2011 10:08am Sep 23, 2011 10:08am
Quoting pres78
When Oil gets a bit rangy I like to scalp the 1min chart as you can get in and out with a quick 15-25 points quickly on lot 1 and get to BE on lot 2...

Won't get into the management of the trades but you get the picture.
Excellent example, that test was a text book one.. awesome.

Here you got an example of a NS at the same level Pres showed before but on the top side of the bar

Pres, I tried to send you a PM but it seems you´ve got it disabled.
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Trade Smart
  • #21,800
  • Sep 23, 2011 10:12am Sep 23, 2011 10:12am
Lovely no supply into the high of a trigger bar on ES

Edit: for clarity, I don't believe the weakness in the background has gone away, but for now at least (until after lunch?) the sellers aren't there.
Attached Image (click to enlarge)
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