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vsa with Malcolm

  • #22,441
  • Jan 6, 2012 5:58am Jan 6, 2012 5:58am
Quoting MysticRiver
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
I'd recommend Sierra charts, I just switched from Tradeguider and eSignal to using Sierra, it's a small percentage of the price and the volume is very very good, almost identical to eSignal, i spent a month comparing the two.

After comparing with the charts posted yesterday, i'm still happy I made the switch.

Great software too.
  • #22,442
  • Jan 6, 2012 6:00am Jan 6, 2012 6:00am
And a cable set up that would've netted 1:1. Since annotating the chart I see it has come off quite sharply, but you get the gist.
Attached Image (click to enlarge)
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  • #22,443
  • Jan 7, 2012 10:25am Jan 7, 2012 10:25am
Quoting KinsaleForex
Another "would you take this?"

15min ND (marked) into the high of the fibbed bar? (also marked)
Personally, I would have waited for a break of ICE and a retest. Or test in a falling market. There's no clear trend established, on the TF you're looking at.

Sometimes you get very heavily trending days, that look like they should reverse, but just keep on going, trading when you haven't established the trend is dangerous IMO.

Tricky question to answer, as everyone has their own risk parameters.

Trading on NFP can be risky as well.
  • #22,444
  • Jan 7, 2012 10:29am Jan 7, 2012 10:29am
Quoting KinsaleForex
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!
Fibs work, same as MurryMath, MA's etc, the more lines you put on your chart, the more price will hit. Simple law of averages.
  • #22,445
  • Jan 7, 2012 3:05pm Jan 7, 2012 3:05pm
Quoting MysticRiver
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
What do mean "displays"?
  • #22,446
  • Jan 7, 2012 3:14pm Jan 7, 2012 3:14pm
Quoting Alf Ralf
Personally, I would have waited for a break of ICE and a retest. Or test in a falling market. There's no clear trend established, on the TF you're looking at.

Sometimes you get very heavily trending days, that look like they should reverse, but just keep on going, trading when you haven't established the trend is dangerous IMO.

Tricky question to answer, as everyone has their own risk parameters.

Trading on NFP can be risky as well.
I didn't actually take the trade. I also see nothing wrong with trading NFP day so long as you're not entering a trade or in one when the announcement comes out. This was around 2.5 hours before that announcement.

We had a down trend the day before and a push sideways over the asian session, the first marked bar was an attempt to push up on increased volume, if it was absorbing then it would've kept going. The ND shows further lack of interest in the upside. That's all I was pointing to.

Quoting Alf Ralf
Fibs work, same as MurryMath, MA's etc, the more lines you put on your chart, the more price will hit. Simple law of averages.
Yeah but it's what happens at the fib that's important, i'm not just trading random bounces on a line!
  • #22,447
  • Jan 7, 2012 4:03pm Jan 7, 2012 4:03pm
Quoting KinsaleForex
I didn't actually take the trade. I also see nothing wrong with trading NFP day so long as you're not entering a trade or in one when the announcement comes out. This was around 2.5 hours before that announcement.

We had a down trend the day before and a push sideways over the asian session, the first marked bar was an attempt to push up on increased volume, if it was absorbing then it would've kept going. The ND shows further lack of interest in the upside. That's all I was pointing to.
To me, we were still in a range.
  • #22,448
  • Jan 7, 2012 4:04pm Jan 7, 2012 4:04pm
[quote=Yeah but it's what happens at the fib that's important, i'm not just trading random bounces on a line![/quote]

Of course, you're trading VSA principles at S/R, which is great. However, you could put lines on your chart every 10 pips and low and behold price hits on a Buying Climax etc.

You asked for opinions - that's mine.
  • #22,449
  • Edited 2:35am Jan 8, 2012 2:14am | Edited 2:35am
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 YES VSA Point of view Is an up bar closes on it's high that bar closed in the middle so some buying form the low is going on but buying is not demand = lack of demand or ND

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

Edit - Green Fibs = 1hr bars
Orange Fibs =...
If A was a demand bar why there isn't a JOC The "demand" Bar A must to have a follow through Up if it doesn't and if there is lack of buying at support after a key reversal and the retest on the key reversal show lack of deamand C = we go down Sellers are in controll
Bar C2 is the test of the bar A C2 closes on it low and has the same volume of bar A

Bar A has a wide range and close on it's high
bar B has the same volume has bar A but the range in SMALL
Buyers in bar B has put a strong effort volume but the result was a smaller range so demand was met by supply buy all what you want i will sell in to your buying.
Bar C is a weak reaction from support or lack of demand from support your back ground has changenged from strenght in to weakness.
Bar C1 is selling at support and it closes on it's low = sellers are in controll and it break the support.
C2 Is your mark down increase in volume and increase in range Is your supply.
Bar B and B1 are a key reversal if you sum the bars B+B1 you have an UT.
The 3 bars after C2 are lack of demand from support = Supplyers still in control.
More supply came in to the market.
At your blue spring wide range bar which closes on it's high there is some buying but there is a weak rally from support volume decreased in that rally
2 bars after there is an UT small bar which closes on it' low.
And after there is the test lack of demand at CREEK or at resistance
In all the rally up you have lack of demand because the market attempt to go higher on low volume. And the rallyes are weak.
C2 Is also an UT.
A trend goes up with low volume because there is lack of supply a trend goes down on low volume because there is lack of demand.

GREAT CHART !!!
  • #22,450
  • Jan 8, 2012 7:23am Jan 8, 2012 7:23am
Quoting Alf Ralf
Of course, you're trading VSA principles at S/R, which is great. However, you could put lines on your chart every 10 pips and low and behold price hits on a Buying Climax etc.

You asked for opinions - that's mine.
And i'm glad someone bothered to give an opinion! I'm not arguing, just giving my view on it in response to what you said. Cheers for replying!
  • #22,451
  • Jan 8, 2012 7:25am Jan 8, 2012 7:25am
Quoting Manekineko
If A was a demand bar why there isn't a JOC The "demand" Bar A must to have a follow through Up if it doesn't and if there is lack of buying at support after a key reversal and the retest on the key reversal show lack of deamand C = we go down Sellers are in controll
Bar C2 is the test of the bar A C2 closes on it low and has the same volume of bar A

Bar A has a wide range and close on it's high
bar B has the same volume has bar A but the range in SMALL
Buyers in bar B has put a strong effort volume but the result was a smaller range...
Cheers for the reply, did you mean to add a chart to the post? I don't have B1 or C2 marked on the original chart!
  • #22,452
  • Jan 8, 2012 7:25am Jan 8, 2012 7:25am
Quoting KinsaleForex
And i'm glad someone bothered to give an opinion! I'm not arguing, just giving my view on it in response to what you said. Cheers for replying!
  • #22,453
  • Jan 8, 2012 7:45am Jan 8, 2012 7:45am
Quoting KinsaleForex
And i'm glad someone bothered to give an opinion! I'm not arguing, just giving my view on it in response to what you said. Cheers for replying!
And I think that the use of WRB concepts can help us a lot in finding good levels of support and resistance. Basically, in my understanding, the WRB is the consequence of an imbalance of supply and demand(be it by manipulation or anything else) in an area of orders dealing.
So, if we look behind the WRB, there will be a kind of range area, that is the area where there is blocks of orders and will be support/resistance if the price comes back. Of course, the block itself cannot be reached again(or, in WRB terms, the gap don't need to be filled always). Sometimes the market will react within the WRB(or hidden gap).
It is a link of a daily euro chart with what I am seeing as blocks of orders now, as an example: http://screencast.com/t/qRdXmfT1c2

What do you think?

Cheers!
  • #22,454
  • Jan 8, 2012 11:48am Jan 8, 2012 11:48am
Quoting joaoborras
And I think that the use of WRB concepts can help us a lot in finding good levels of support and resistance. Basically, in my understanding, the WRB is the consequence of an imbalance of supply and demand(be it by manipulation or anything else) in an area of orders dealing.
So, if we look behind the WRB, there will be a kind of range area, that is the area where there is blocks of orders and will be support/resistance if the price comes back. Of course, the block itself cannot be reached again(or, in WRB terms, the gap don't need to be filled always)....
I think WRB are filled by limit orders when they place a sell order at market to sell who fill them are the limit buy orders so more are big in size the limit buy orders and more there is a "change of hands" You have two agressors the buyers and the sellers who win ? Is when you have the test of the WRB. Someone must to give up. If the sellers retreat we go up.The buyers win.
The same stuff happen at false break out limit stop buy orders above the resistance filled by market sell orders.
Tell me if i'm wrong.
  • #22,455
  • Jan 8, 2012 2:44pm Jan 8, 2012 2:44pm
My newbay analysis.
If you want to buy a support in a weakness back ground well on the chart you will see it.
Attached Image (click to enlarge)
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  • #22,456
  • Jan 9, 2012 1:57am Jan 9, 2012 1:57am
Any thoughts on GBPUSD?
  • #22,457
  • Jan 9, 2012 2:59am Jan 9, 2012 2:59am
Quoting hutrader
Any thoughts on GBPUSD?
It is still weak market. Waiting for testing or further supply on up moves.
  • #22,458
  • Jan 9, 2012 4:35am Jan 9, 2012 4:35am
Quoting V_2008
It is still weak market. Waiting for testing or further supply on up moves.
My thoughts as well, been pretty painful so far though.
  • #22,459
  • Jan 9, 2012 6:35am Jan 9, 2012 6:35am
Hai gaisss
  • #22,460
  • Jan 9, 2012 7:17am Jan 9, 2012 7:17am
EU opportunity earlier
Attached Image (click to enlarge)
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