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  • #568,181
  • Nov 30, 2011 12:24pm Nov 30, 2011 12:24pm
Quoting cloggie

Let's have a laugh as you are not using it anyways and post the code that calculates the high/low's of your specific VSA indy here.

I just had a quick look over at the VSA thread here on FF, and they all seem to use the Bettervolume Indy. Looking at the code, that one is purely based on High/lows, nothing in the code to do with ticks, some do use the volume data of your specific MT4 broker, which is about as useful as a chocolate teacup, do you really care how many ticks your broker had covering a few 100 dollar accounts? of course not.
  • #568,182
  • Nov 30, 2011 12:28pm Nov 30, 2011 12:28pm
Could not agree more now, but there was a time. I now 100% believe thanks to much help that yes they are only about 5% of the overall mix if at all, not 80% that I use to use them for. I am a recovering indie junkie.

Quoting darimik
its another thing that 'traders' fail to do. no one ever studies what they are using. if a person does not study, they cant apply the indicator/tool correctly.

all they see is the line that goes up, down, sideways and draws shit. I am dumbfounded to see how people think its an easy effortless business.'just throw some shit around, hope it works'. it takes time and dedication. well, in my opinion anyway.
It's easy to be humbled but hard to be humble.
  • #568,183
  • Nov 30, 2011 12:29pm Nov 30, 2011 12:29pm
Quoting cloggie
....It is funny though how all this old crap gets rebranded and sold again to the next generation of idiots as the best thing since sliced bread.
LOL.

Post of the day.
The Thief of Wall Street
  • #568,184
  • Nov 30, 2011 12:30pm Nov 30, 2011 12:30pm
Quoting cloggie
I just had a quick look over at the VSA thread here on FF, and they all seem to use the Bettervolume Indy. Looking at the code, that one is purely based on High/lows, nothing in the code to do with ticks.
I dont understand exactly what u are saying but there was one type of bar that was very helpful and all the ppl seemed really excited when it would appear. The 'squat'. This was basically a bar that had volume > previous 2 bars but with an extremely narrow range. How do u explain this?
  • #568,185
  • Nov 30, 2011 12:31pm Nov 30, 2011 12:31pm
Quoting tashkent
sorry to interrupt you guys, but i think in forex flexible thinking is good. being stubborn can only bring to disasters. today you are bull, tomorrow bear, nothing wrong with that. however this is not about being indecisive and changing mind every second. usually your analysis are correct, i gues you are doing fine and there are a few things i can learn from you
Sun Tzu: The Art of War, Chapter one/ Section 17:

According as circumstances are favorable, one should modify one's plans.

'You must be the change you wish to see in the world' . Gandhi
  • #568,186
  • Nov 30, 2011 12:33pm Nov 30, 2011 12:33pm
Quoting Alexone
I dont understand exactly what u are saying but there was one type of bar that was very helpful and all the ppl seemed really excited when it would appear. The 'squat'. This was basically a bar that had volume > previous 2 bars but with an extremely narrow range. How do u explain this?

Compression of a range, nothing to do with volume and you would never know how big a contract value wise was trading to get to that number, and that is the problem with "volume" in FX, now if we were talking any exchange traded instrument, we would not be having this conversation, in FX it is rubbish.

In Currencies you can easily identify that by paying close attention to price compression and the OHLC, far better then any VSA indy could ever tell you, it is telling you exactly what you are seeing in the price itself, it is based on the high/lows, so pay attention to that and don't filter the signal that is right in front of you by some 20 year old volatility based formula that had to be adapted for FX as a pisspoor alternative.

Price always compresses at certain levels for either a reversal or continuation, paying attention to what is in front of you can beat entries any day with your hands tied behind your back to anyone using range metrics such as the VSA kids do.

Enough about VSA crap, I love those kids being here and throwing their money away in droves, the more the merrier.
  • #568,187
  • Nov 30, 2011 12:36pm Nov 30, 2011 12:36pm
Quoting cloggie
Compression of a range, nothing to do with volume and you would never know how big a contract value wise was trading to get to that number, and that is the problem with "volume" in FX, now if we were talking any exchange traded instrument, we would not be having this conversation, in FX it is rubbish.
So VSA does actually work or can work but not in Forex?
  • #568,188
  • Nov 30, 2011 12:39pm Nov 30, 2011 12:39pm
Quoting Alexone
So VSA does actually work or can work but not in Forex?

VSA in FX is useless, proper volume, including the size of the contracts, not VSA, in equites and futures does work and is used by every trader in the City, in FX there is no such thing, hence the formula behind the VSA, it is based on the high/lows, the range.

I am glad to hear you gave up on it, now move on and forget you ever heard about VSA. It is possibly worse then the "gap"traders and look where they are this week.....
  • #568,189
  • Nov 30, 2011 12:40pm Nov 30, 2011 12:40pm
Quoting phxmike
Sun Tzu: The Art of War, Chapter one/ Section 17:

According as circumstances are favorable, one should modify one's plans.

good finding
market is a kind of battle area too, we are safe as far as with the strong side
As Above, So Below
  • #568,190
  • Nov 30, 2011 12:45pm Nov 30, 2011 12:45pm
A1, I am going to leave you to it, gotta run.


L8r.
  • #568,191
  • Nov 30, 2011 12:48pm Nov 30, 2011 12:48pm
Quoting tashkent
good finding
market is a kind of battle area too, we are safe as far as with the strong side
Actually i am big fun of movies (and forex too) and the idea of using the art of war as a script for forex philosophy was stolen from the famous epic Wall street with Charlie Sheen and Michael Dougles, actually Charlile sheen was reading some quotes to Gordon Gekko after his first success
I dont believe in pure 100% technical trading. I beleive in the force, the pulse of the graph...

read more about this warfare here:
http://www.smartmoney.com/invest/sto...1311602557822/

EDIT: oh.. sorry but one more, very nice from Mr. Gordon Gekko:

"It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or gained its simple transferred from one perception to another."
'You must be the change you wish to see in the world' . Gandhi
  • #568,192
  • Nov 30, 2011 12:49pm Nov 30, 2011 12:49pm
Quoting cloggie
A1, I am going to leave you to it, gotta run.


L8r.
Gnight cloggie. I have a feeling u are going to have a nightmare tonight and Tom Williams is gonna be in it. Nah...just jk! TW is sort of a god to all vsa-ers for those who dont know.
  • #568,193
  • Nov 30, 2011 12:53pm Nov 30, 2011 12:53pm
Quoting forexings
Your strategy suitable for scalp but not for 100+ pips.
Quoting forexings
No long term trader put SL with 15 pips spread.
20 sl. 140 pips initial tp reached. some long term traders can use 15 pips sl for 100+ pips without any problem. just FYI.
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  • #568,194
  • Nov 30, 2011 12:56pm Nov 30, 2011 12:56pm
Quoting pkimnyc
20 sl. 140 pips initial tp reached. some long term traders can use 15 pips sl for 100+ pips without any problem. just FYI.
I have used 8pips for a 1000 + move. goood entry is the key
  • #568,195
  • Nov 30, 2011 12:59pm Nov 30, 2011 12:59pm
at least 100 operation this month and all possitive with 28 pips average
  • #568,196
  • Nov 30, 2011 1:00pm Nov 30, 2011 1:00pm
Quoting darimik
I have used 8pips for a 1000 + move. goood entry is the key
it seems some knuckle heads never seen it get done.
  • #568,197
  • Nov 30, 2011 1:02pm Nov 30, 2011 1:02pm
Quoting phxmike
Actually i am big fun of movies (and forex too) and the idea of using the art of war as a script for forex philosophy was stolen from the famous epic Wall street with Charlie Sheen and Michael Dougles, actually Charlile sheen was reading some quotes to Gordon Gekko after his first success
I dont believe in pure 100% technical trading. I beleive in the force, the pulse of the graph...

read more about this warfare here:
http://www.smartmoney.com/invest/sto...1311602557822/

EDIT:...
thanks. now i have time to read and watch some movies, market will be ranging till Asia open.
As Above, So Below
  • #568,198
  • Nov 30, 2011 1:15pm Nov 30, 2011 1:15pm
Quoting cloggie
You need to get used to the fact that not a single strategy or system discussed or disclosed here on FF or anywhere else is worth anything more then to be used for a littertray.
how about james16's thread, is not it good enough too? i found some useful info there...
As Above, So Below
  • #568,199
  • Nov 30, 2011 1:16pm Nov 30, 2011 1:16pm
Quoting Alexone
Gnight cloggie. I have a feeling u are going to have a nightmare tonight and Tom Williams is gonna be in it. Nah...just jk! TW is sort of a god to all vsa-ers for those who dont know.

Ah crap, he is just another scammer that couldn't make it as a trader and had to resort to writing books, selling signals and mentoring service to make a living in this business.

You need to get it into your head, there is nothing you can beg, borrow, beg or steal to make it in this business.

If that guy was that good, he would walk into Goldman, they'd give him 50mill to trade and with a 6 month record, Goldman would go out, market his fund and get it up to 2-3Bn in no time and this muppet would take home 50 million a year.

Why is he not doing that, but flogging it instead to a few idiot retailers for 99 bucks and write a few crap books? Because it doesn't work, that's why.

Anyone with a decent strategy can go work in the City and take home 7 figures a year without breaking a sweat, why the feck would you flog it to a few retail muppets.

You need to get used to the fact that not a single strategy or system discussed or disclosed here on FF or anywhere else is worth anything more then to be used for a littertray.


I just spend 2 minutes on Google and this williams muppet himself admits that there is no volume in fX and he uses a range based estimate, what a freakin joker. The guy should be taken out back and shot, not revered as a false "god"


Do yourself a favour and get a copy of Marhedge or HFI and find the top 10 HF for this year and give them a call to offer them 99 bucks to buy their strategies, alternatively call all of them and tell that you are willing to invest a million bucks with them as long as they give you full disclosure on all their trading styles and minute detail of strategies to be used on your account, I will guarantee you now what the answer is going to be on both of those questions. They will tell you politely to F off. All you will get when you invest at best is a NAV statement at the end of the month, that's it.
  • #568,200
  • Nov 30, 2011 1:21pm Nov 30, 2011 1:21pm
Quoting cloggie
Ah crap, he is just another scammer that couldn't make it as a trader and had to resort to writing books, selling signals and mentoring service to make a living in this business.

You need to get it into your head, there is nothing you can beg, borrow, beg or steal to make it in this business.

If that guy was that good, he would walk into Goldman, they'd give him 50mill to trade and with a 6 month record, Goldman would go out, market his fund and get it up to 2-3Bn in no time and this muppet would take home 50 million a year.

Why is...
so true...

ALL MENTORS SUCK IF THEY WERE ANY GOOD THEY WOULD BE DOING IT FOR THEMSELVES AND NOT NEED YOUR MONEY...

YET PPL STILL BELIEVE THE SHIT THEY BLOW UP THEIR ASS AND CONTINUE TO GIVE THEM MONEY EVEN WITH ZERO PROFITS...

AMAZING
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