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vsa with Malcolm

  • #22,541
  • Jan 23, 2012 5:47am Jan 23, 2012 5:47am
Quoting juhanimi
EU-M5 today.

1. No supply.
2. No supply.
You caught a very, very nice move! Congratulations!
And below is a 1hr chart of euro with a few annotations. Sorry if it is not clear.

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-01-23_euro_1hr.png Size: 79 KB
  • #22,542
  • Jan 23, 2012 5:47am Jan 23, 2012 5:47am
Quoting juhanimi
EU-M5 today.

1. No supply.
2. No supply.
thats true and the pair went up up would u mind posting a 1h chart and identify the stopping volume in 1h chart looks like there was just a spring ur charts r good
thankyou gregwilson
  • #22,543
  • Jan 23, 2012 6:09am Jan 23, 2012 6:09am
EU-H1
Attached Image
  • #22,544
  • Jan 23, 2012 7:08am Jan 23, 2012 7:08am
could someone explain with a chart on the reaccumulation since the uptrend is continuing?
juhanimi whats the description of the numbers 1 and 2 pls
thankyou gregwilson
  • #22,545
  • Jan 23, 2012 7:50am Jan 23, 2012 7:50am
Quoting njokie
juhanimi whats the description of the numbers 1 and 2 pls
I would call both as No supply, but I believe 1 is No selling pressure and 2 is No supply, but names are not so important, just compare spread and volume, at same level.
  • #22,546
  • Jan 23, 2012 9:40am Jan 23, 2012 9:40am
Alright you VSA Experts. Telling you upfront EU is going to collapse. Look at the volume. :-) Pathetic. There is no demand at all.
  • #22,547
  • Jan 23, 2012 9:43am Jan 23, 2012 9:43am
Oh we're at 1.3040 area.
  • #22,548
  • Jan 23, 2012 10:50am Jan 23, 2012 10:50am
Quoting hutrader
Alright you VSA Experts. Telling you upfront EU is going to collapse. Look at the volume. :-) Pathetic. There is no demand at all.
No demand in an uptrend does not mean much.... although there is some weakness present on the last few 1h bars, with the narrow spread and high volume. I wouldn't be so quick to say that it will collapse.
  • #22,549
  • Jan 23, 2012 11:36am Jan 23, 2012 11:36am
OK a nice nd bar big question how do u manage such a classic setup? do u enter close below the nd or just after the nd which one is safe?
Attached Image (click to enlarge)
Click to Enlarge Name: nd.gif Size: 26 KB
thankyou gregwilson
  • #22,550
  • Jan 23, 2012 11:37am Jan 23, 2012 11:37am
retrace then. I think many people in the world would be glad with more than 10 pips
Next up is GBPUSD for a 70 pip drop or so this evening or tomorrow.
  • #22,551
  • Jan 23, 2012 11:40am Jan 23, 2012 11:40am
Quoting njokie
OK a nice nd bar big question how do u manage such a classic setup? do u enter close below the nd or just after the nd which one is safe?
I think
Attached Image (click to enlarge)
Click to Enlarge Name: ND.jpg Size: 151 KB
  • #22,552
  • Jan 23, 2012 1:14pm Jan 23, 2012 1:14pm
Quoting njokie
OK a nice nd bar big question how do u manage such a classic setup? do u enter close below the nd or just after the nd which one is safe?
not a ND, more of a failed test.
  • #22,553
  • Jan 23, 2012 2:30pm Jan 23, 2012 2:30pm
Quoting apple_sauce
not a ND, more of a failed test.
Yes, I was going to point this out.

But let's pretend it was a No Demand. The most often used method to enter would be to place a limit order just below the low of the No Demand. This where some get confused. Technically, the No Demand needs to be confirmed by the next inteval closing lower. However, you are placing your order prior to confirmation. The next inteval can :

1. Bring you in (by making a lower low) and not confirm.

2. Bring you in (by making a lower low) and confirm.

3. Not bring you in and confirm ( by closing lower than the ND).

4. Not bring you in and not confirm (by not closing lower than the ND).

Many times you will see an Up Thrust. The ideal Up Thrust is going to close on its low but close higher than the ND and make a higher high but not a lower low. So this action will neither bring you in nor confirm the No Demand whist still confirming the greater background weakness.

P.S. While you place your order prior to confirmation on a No Demand or Test. With a failed Test you have to wait for the Test to actually fail........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #22,554
  • Jan 23, 2012 2:33pm Jan 23, 2012 2:33pm
Quoting njokie
could someone explain with a chart on the reaccumulation since the uptrend is continuing?
juhanimi whats the description of the numbers 1 and 2 pls
http://i41.tinypic.com/rwqufp.gif
  • #22,555
  • Jan 23, 2012 3:17pm Jan 23, 2012 3:17pm
  •  jaboo
  • | Joined Dec 2009 | Status: Ray Comfort is....the banana man | 236 Posts
Hello forum, i asked before but nobody answered :*(

who has the most accurate volume for FX. Not including paid services such as e-signal.

thank you!
  • #22,556
  • Jan 23, 2012 8:34pm Jan 23, 2012 8:34pm
Quoting jaboo
Hello forum, i asked before but nobody answered :*(

who has the most accurate volume for FX. Not including paid services such as e-signal.

thank you!
ibfx vol data is okay!

but sometimes i found that there is missing data
  • #22,557
  • Jan 23, 2012 9:34pm Jan 23, 2012 9:34pm
hello experts

i want to know which book on wykcoff is the best one?
  • #22,558
  • Jan 24, 2012 12:32am Jan 24, 2012 12:32am
thenx guys for your explanation on ND am just wondering what should i wait to see on ND hidden gap i dint get why the ND was a failed test i can see am going somewehere with people helping out
thankyou gregwilson
  • #22,559
  • Jan 24, 2012 1:44am Jan 24, 2012 1:44am
Quoting njokie
thenx guys for your explanation on ND am just wondering what should i wait to see on ND hidden gap i dint get why the ND was a failed test i can see am going somewehere with people helping out
The original bar you highlighted as ND is a down bar - the close is lower than the previous bars close. By definition a No Demand is an up bar - close higher than the previous close. With volume less than the previous two bars, and, most importantly, weakness in the background.

This is why apple_sauce and hidden gap are calling it a failed test, a down bar, closing on it's highs with volume less than the previous two is a test. As the market doesn't react upwards, the test has failed.

I'd recommend a read of Master the Markets if this concept is new to you.

Hope this helps.
  • #22,560
  • Jan 24, 2012 1:48am Jan 24, 2012 1:48am
Quoting KinsaleForex
The original bar you highlighted as ND is a down bar - the close is lower than the previous bars close. By definition a No Demand is an up bar - close higher than the previous close. With volume less than the previous two bars, and, most importantly, weakness in the background.

This is why apple_sauce and hidden gap are calling it a failed test, a down bar, closing on it's highs with volume less than the previous two is a test. As the market doesn't react upwards, the test has failed.

I'd recommend a read of Master the Markets if...
thenx kinsale forex trust me av read master the markets like 4 times am trying to apply the cocncept on real market well yes i need to read it several other times but i can confedently say am better than before
thenx for the explanation
thankyou gregwilson
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