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vsa with Malcolm

  • #22,421
  • Jan 5, 2012 4:21am Jan 5, 2012 4:21am
Quoting MarcusFire
Looks like Stopping Volume and a Shakeout on EUR/USD. Also, the bar before the Shakeout is squat, but with high volume. So maybe the buying already started on that bar? Looking for signs of reversal now. Patience.
Good Analysis Marcus, but you should have said "Potential" Stopping Volume and a Shakeout on EUR/USD.

A "Jump over the Creak" and test would have been a good entry, had it happened.

I appreciate your analysis BEFORE the "Potential" event.
  • #22,422
  • Jan 5, 2012 4:38am Jan 5, 2012 4:38am
Agreed Alf, and thank you. Potential would have been more accurate.
  • #22,423
  • Jan 5, 2012 4:54am Jan 5, 2012 4:54am
Quoting joaoborras
I tried again in another computer but still don't work. And, yes, I do not click on the boxes, only hover on it.
What version of Adobe reader are you using?

Cheers,
Joao Paulo
Hi Joao, I am using Adobe Reader X 10.01..and Foxit Reader, Try downloading the file and open it from your hard drive.. In Adobe Reader click on the "Comments" button in the top right hand side..you should get a panel opening up on the side with the comments arranged in order. IF so then there must be some setting hiding comments in the main window..(not too obvious in Adobe). Download FOXIT reader...Adobe reader is so last decade software by comparison. Good luck
  • #22,424
  • Jan 5, 2012 4:58am Jan 5, 2012 4:58am
Quoting MarcusFire
Looks like Stopping Volume and a Shakeout on EUR/USD. Also, the bar before the Shakeout is squat, but with high volume. So maybe the buying already started on that bar? Looking for signs of reversal now. Patience.
Possible Stopping vol..
Let the price action shows as well..
Do not get fooled by vol..alone...
You will ends up catching falling knives..

Sonic
  • #22,425
  • Jan 5, 2012 6:23am Jan 5, 2012 6:23am
Quoting KinsaleForex
I'm using Preview on Mac OSX Snow Leopard. I'll try on my windows machine tomorrow, it's shut down now!
Tried it on my windows machine with Adobe 10.1.1 and it works fine on that as well.
  • #22,426
  • Jan 5, 2012 6:45am Jan 5, 2012 6:45am
Quoting sonicdeejay
Possible Stopping vol..
Let the price action shows as well..
Do not get fooled by vol..alone...
You will ends up catching falling knives..

Sonic
And those dang knives really hurt when they stab you in the foot.
  • #22,427
  • Jan 5, 2012 7:56am Jan 5, 2012 7:56am
A possible entry on today's EU chart. Did the chart a while ago now, so not completely up to date.

A - highest volume at the time, selling not really confirmed afterwards
B - reversal with similar volume to A, selling confirmed, pushing back into the fib area (pink)
C - ND? NBP?

Wondering if people would enter on this bar (c)?

Edit - Green Fibs = 1hr bars
Orange Fibs = 15min bars
Pink fibs = 5min bars
Attached Image (click to enlarge)
Click to Enlarge Name: 05-01-2012_EU5(1).jpg Size: 138 KB
  • #22,428
  • Jan 5, 2012 10:29am Jan 5, 2012 10:29am
Hi folks, I have searched last several pages and I didnt find anything enlighneting sp please forgive me question:

I am interested in volume on M5 EUR/USD - who has a good/best serivce?

I found that company called leveragefx using eSignal states that they have fx market volume close to "true" as they have datafeed from 20 largest banks.

Have any comment on that?

If someone has an access to eSignal's volume M5 EUR/USD - would you mind posting a screenshot from today/yesterday?

I want to compare volume with my current provider in my country.

Thanks....
  • #22,429
  • Jan 5, 2012 10:47am Jan 5, 2012 10:47am
Quoting MysticRiver
Hi folks, I have searched last several pages and I didnt find anything enlighneting sp please forgive me question:

I am interested in volume on M5 EUR/USD - who has a good/best serivce?

I found that company called leveragefx using eSignal states that they have fx market volume close to "true" as they have datafeed from 20 largest banks.

Have any comment on that?

If someone has an access to eSignal's volume M5 EUR/USD - would you mind posting a screenshot from today/yesterday?

I want to compare volume with my current provider in...
Leverage Fx is not a broker using Esignal. They are an IB (Introducing Broker) who are offering you free trading software (who cares) and a free Forex Esignal feed if you open an account with "other brokers" and list them as your IB... that way they make money on every trade you make as they collect some of the spread from the actual broker you are trading with. You can get free Esignal feeds from other brokers as well if you make a certain number of round lot trades per month... there are also many other IB's out there offering similar deals.
Today's zone = Tomorrow's opportunity!
  • #22,430
  • Jan 5, 2012 11:47am Jan 5, 2012 11:47am
Quoting MysticRiver
Hi folks, I have searched last several pages and I didnt find anything enlighneting sp please forgive me question:

I am interested in volume on M5 EUR/USD - who has a good/best serivce?

I found that company called leveragefx using eSignal states that they have fx market volume close to "true" as they have datafeed from 20 largest banks.

Have any comment on that?

If someone has an access to eSignal's volume M5 EUR/USD - would you mind posting a screenshot from today/yesterday?

I want to compare volume with my current provider...
Here you are... first one is 05.01.2012 and second 04.01.2012
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR 5 min.jpg Size: 160 KB
Click to Enlarge Name: EUR 5 min 040112.jpg Size: 163 KB
  • #22,431
  • Jan 5, 2012 2:31pm Jan 5, 2012 2:31pm
Quoting KinsaleForex
A possible entry on today's EU chart. Did the chart a while ago now, so not completely up to date.

A - highest volume at the time, selling not really confirmed afterwards
B - reversal with similar volume to A, selling confirmed, pushing back into the fib area (pink)
C - ND? NBP?

Wondering if people would enter on this bar (c)?

Edit - Green Fibs = 1hr bars
Orange Fibs = 15min bars
Pink fibs = 5min bars
Wow you're good . Leaving the "where" aside, it would depend on B. I see it more like a "end of a rising market" or a very significant squat. Either way, it cacthes my eye. I would be looking for the Up Thrust followed by No Demand.

I see you are using fib a la Pres. Very nice.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #22,432
  • Jan 5, 2012 2:34pm Jan 5, 2012 2:34pm
Quoting HiddenGap
Wow you're good . Leaving the "where" aside, it would depend on B. I see it more like a "end of a rising market" or a very significant squat. Either way, it cacthes my eye. I would be looking for the Up Thrust followed by No Demand.

I see you are using fib a la Pres. Very nice.
Thanks HG, i'd only accept the "you're good" compliment if i'd actually taken the trade though, i thought about it too long and here we are 140 pips later

Yeah i'm in the Pres school of VSA at the moment, it's going well, really really like the use of fibs!
  • #22,433
  • Jan 5, 2012 4:36pm Jan 5, 2012 4:36pm
Thanks for all your feedback on my poor read today. I took the long, but got out with only -10.

I realize that I made a classic mistake. Tom Williams said (either in MTM or during a webinar, or both) that down moves will go on longer than I think. I ignored that today, thinking that I saw stopping volume, but SV is usually (always?) tested. I should have waited for SV + test at a high-probability S/R turning point, as is my plan.

But I didn't follow my plan today, and missed the better, short play.

The damage to my account was but a scratch, only a flesh wound . . . I live to trade another day.
  • #22,434
  • Jan 5, 2012 4:49pm Jan 5, 2012 4:49pm
Nice setup on the 3 min today. Normally I don't trade against the trend but since the it was off the ADR and I liked how the setup looked I felt confident in taking it.

First Bar- Supply coming in at the ADR.

2nd- Had a 2 bar reversal, first bar came right back up to the close of the supply bar and then reversed, weakness confirmed.

3rd- This was exactly what I was waiting for and the exact place I wanted to see it. Beautiful no demand bar with the high coming up to the close of the supply bar. Short order would be placed below this bar. Next bar brought you into the market.

I have been playing around with WRB analysis, and using them as areas to look for signals and/or profit target areas as HG has talked about. They seem to work very well. As you can see as soon as we hit the top of the hiddengap we had buying coming back in.

Comments welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 3 Min trade 1-5.png Size: 45 KB
  • #22,435
  • Edited 7:36pm Jan 5, 2012 5:02pm | Edited 7:36pm
Setup on the 3 min oil today.

First we had a buying climax, we go into new high ground with ultra high volume closing well off the highs, so we know there must have been selling in this bar.

Have a nice hidden upthrust that follows, more weakness. confirmed with next bar down.

Then we have a nice effort to fall through a pivot area. Volume is average so to me this would be more weakness.

2 bars later as we move back in the effort to fall bar we see a no demand/ upthrust bar. at this time the trend has changed to down on the 5 mins and also confirmed on the chart. Short entry right below this bar, or some prefer to place it right below the effort to fall bar. Both would take you into the market on the next bar.

Comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: Oil 1-5 3min.png Size: 45 KB
  • #22,436
  • Jan 5, 2012 5:32pm Jan 5, 2012 5:32pm
One other quick note, the euro has pretty much completed its average weekly range. Its possible it may fall further but the euro is usually pretty good about staying close to its weekly range. At this time I wouldn't be looking to short (or long) learned this lesson a couple weeks ago and just want to say its something to keep in mind if your going to be trading the euro before the week finishes.

Krazy
  • #22,437
  • Jan 5, 2012 9:31pm Jan 5, 2012 9:31pm
Quoting krazy_pips27
Setup on the 3 min oil today.

First we had a buying climax, we go into new high ground with ultra high volume closing well off the highs, so we know there must have been selling in this bar.

Have a nice hidden upthrust that follows, more weakness. confirmed with next bar down.

Then we have a nice effort to fall through a pivot area. Volume is average so to me this would be more weakness.

2 bars later as we move back in the effort to fall bar we see a no demand/ upthrust bar. at this time the trend has changed to down on the 5 mins and also...
This is a trade I would take. I like how the nd is right on support and in the body of the wrb 2 bars prior. Trades like these almost always result in a breakout and the R&R is excellent because youre only risking a few pips. I would have shorted that nd on the close and put my stop just above the high of the wrb.

the purpose of wide bars is to lock in traders, so if price returns then you know that the effort has failed. Therefore you should no longer be in a trade.
  • #22,438
  • Jan 5, 2012 10:51pm Jan 5, 2012 10:51pm
Quoting KinsaleForex
Tried it on my windows machine with Adobe 10.1.1 and it works fine on that as well.
Awesome hover boxes Frank...it has always been such a pain going back and forth with the chart notations...however you did it- keep em comin!
  • #22,439
  • Jan 6, 2012 5:21am Jan 6, 2012 5:21am
Another "would you take this?"

15min ND (marked) into the high of the fibbed bar? (also marked)
Attached Image (click to enlarge)
Click to Enlarge Name: 06-01-2012_EU15.jpg Size: 143 KB
  • #22,440
  • Jan 6, 2012 5:37am Jan 6, 2012 5:37am
Quoting V_2008
Here you are... first one is 05.01.2012 and second 04.01.2012
Thank you very much

As I see esignal has a slightly different, possibly better volume, no doubt better displayed than at my broks platform (colors).

Also I see differences in prices (several pips) - I wonder if eSignal displays price of EUR/USD or maybe some of its contracts? Do you know?

Anyway thanks again
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