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vsa with Malcolm

  • #24,421
  • Jun 3, 2013 2:33am Jun 3, 2013 2:33am
Quoting ieatbanana
Not sure where it's going, but my bias is up at the moment. I'm seeing a few down bars with increasing volume, closing near the mid. Just waiting to see because I could be wrong {image}
Looks like I am wrong, for now maybe a false breakout ?
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Yes, I do enjoy eating bananas. Very much.
  • #24,422
  • Jun 3, 2013 2:34am Jun 3, 2013 2:34am
Just barely caught this in time.. It was unexpected I was paying more attention to AU and EU..

But you can see were the supply hit in Asia and then an UT at the start of London.

EJ 15m
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  • #24,423
  • Jun 3, 2013 3:06am Jun 3, 2013 3:06am
Quoting SimpleDev
Just barely caught this in time.. It was unexpected I was paying more attention to AU and EU.. But you can see were the supply hit in Asia and then an UT at the start of London. EJ 15m {image}
Too bad.. Just went with a generic 30 pip target, low was 3 pips away from target.

+1 on this.
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  • #24,424
  • Edited 11:02am Jun 3, 2013 10:31am | Edited 11:02am
Very interesting PA today especially following the USD news that released 1hr and 30mins ago (as of writing this post). EU, GU and AU all took off upwards printing some lovely new 1hr zones for my intraday trading. What is neat however is that this is strictly and completely due to USD weakness / knee jerk reaction to news and not strength by the other counterparts in these pairings (don't get me wrong if enough USD are dumped longterm it could / should / would lead to strength in the other like EURO, GBP etc...). What is also funny is that the actual numbers were quite close to expected so we are seeing pure and simple SM being SM manipulating the markets. What is their end game? We will see soon enough.

Other pairs I watch show EURO weaknes like EURJPY and EURCHF and we are seeing GBP weakness also when looking at pairs like GBPJPY and GBPCHF, AUDJPY is also currently looking more weak than strong. USDJPY and USDCHF are also seeing big sell offs based on this USD weakness. This is where we as traders need to be careful in taking the "ignore" the news advice. We as traders need to be aware of the news (we may decided to do the opposite of what the news implies if the charts tell us we should) as it's outcomes can and will affect our trading. It is like any business we need to be aware of what is going on in the world around us.

You wouldn't open a small grocery store right next to where a planned mega discount grocery store is going now would you? Well you might if you remainded uninformed because you didn't care what the local newspaper business section had to say.

Personally I love how high impact news affects the markets because it gives me new zones for my trading and allows us to buy lower and sell higher after news driven SO's and UT's.

EU first hourly bar after the USD news printed a split zone bar which I have mentioned in past posts. The 50% of that "news" bar is almost bang on the high of that UHVWRB from May 22nd that I have been trading within since it printed. We had seen last week a test and rejection off the May 2nd 1hr zone low and as of writing this post we are taking on that level again having spiked up through it making a new high... will we hold and close above? Time will tell.

Lovely how that shared level from today's 50% and May 22nd high is right around the key round 3000 level. Awesome stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 46 KB
Today's zone = Tomorrow's opportunity!
  • #24,425
  • Jun 3, 2013 2:05pm Jun 3, 2013 2:05pm
Quoting pres78
EU first hourly bar after the USD news printed a split zone bar which I have mentioned in past posts. The 50% of that "news" bar is almost bang on the high of that UHVWRB from May 22nd that I have been trading within since it printed. We had seen last week a test and rejection off the May 2nd 1hr zone low and as of writing this post we are taking on that level again having spiked up through it making a new high... will we hold and close above? Time will tell.
Well EU closed above that 3060 level mentioned above (May 2nd 1 hr zone low) on the highest 1hr volume seen since May 22nd and before that May 2nd (HMMMM!!!!) after which we printed a weak ass downbar and then a ND. Now I hate ND's that print right after a climatic volume upbar because I prefer to see some sign of selling rather than just UHV on an upbar. The upbar closed towards the high so for me right now I see it as an absorption bar and not a SOW, not just yet. As I said I prefer to see signs that SM actually did some selling with a decent move down away from the climax bar's close or high and then a weak move back up towards these levels. For me right now where price sits I am expecting to see a test of 3060 at some point either for a long or short trade. We will see what tommorow brings.

Did anyone notice how that second hourly bar today after the news which took out the Thursday and Friday high (3060 May 2nd zone low) on UHV (second highest volume today) created another split zone? Check it out... 50% of that bar is 5 pips away from that 3060 May 2nd level. This adds strength to this level as it stands to be a trade level, well from a VZA point of view anyway.

Volume at volume anyone?

When I get home from work tonight it will be time to do a higher TF review to see if any trade set-ups appeared today or if I am still in wait mode for some longer term stuff. Ended last month fully closed out of all trade starting fresh in June.
Today's zone = Tomorrow's opportunity!
  • #24,426
  • Jun 3, 2013 2:43pm Jun 3, 2013 2:43pm
Quoting pres78
{quote} Well EU closed above that 3060 level mentioned above (May 2nd 1 hr zone low) on the highest 1hr volume seen since May 22nd and before that May 2nd (HMMMM!!!!) after which we printed a weak ass downbar and then a ND. Now I hate ND's that print right after a climatic volume upbar because I prefer to see some sign of selling rather than just UHV on an upbar. The upbar closed towards the high so for me right now I see it as an absorption bar and not a SOW, not just yet. As I said I prefer to see signs that SM actually did some selling with a...
Great posts lately my friend. You've truly gone form herd to hunter .

I'm trying to start a fire by rubbing two sticks together and you're walking around with a blowtorch !!!!!!!!!!!!!!
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #24,427
  • Jun 4, 2013 1:11am Jun 4, 2013 1:11am
This indicator displays No Supply and No Demand indications when confirmed I'd like to share here attached. I found it on another forum.

To the MT4 programmers amongst us, I would like for it to show the indications before confirmation/instead of waiting for confirmation if possible?

I am not sure how to program this could anyone please advise if this is possible? Many thanks in advance.
Attached File(s)
File Type: ex4 NSNDHistory.ex4   7 KB | 477 downloads
File Type: mq4 NSNDHistory.mq4   6 KB | 665 downloads
Tracking the Specialists.
  • #24,428
  • Jun 4, 2013 5:41am Jun 4, 2013 5:41am
Quoting pres78
{quote} Well EU closed above that 3060 level mentioned above (May 2nd 1 hr zone low) on the highest 1hr volume seen since May 22nd and before that May 2nd (HMMMM!!!!) after which we printed a weak ass downbar and then a ND. Now I hate ND's that print right after a climatic volume upbar because I prefer to see some sign of selling rather than just UHV on an upbar. The upbar closed towards the high so for me right now I see it as an absorption bar and not a SOW, not just yet. As I said I prefer to see signs that SM actually did some selling with a...
Just as a matter of interst i plotted the 50% fibs on daily uhv bars ie 10 jan 13 & 25 feb 13 and we see a reaction at these zones on the hourly. It is a formidable resistance which should alert us to expect retracement
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  • #24,429
  • Edited 12:12pm Jun 4, 2013 11:38am | Edited 12:12pm
Quoting pres78
{quote}When I get home from work tonight it will be time to do a higher TF review to see if any trade set-ups appeared today or if I am still in wait mode for some longer term stuff. Ended last month fully closed out of all trade starting fresh in June.
So last night I wrote a post about this and actually posted it, edited it and then deleted it. I decided that I was not going to talk about the daily and higher TF trades I may or may not be looking to take as it is still a work in progress and the system(s) I am building are not completly about VSA nor even VZA so I don't want to clutter the VSA thread with it. If I take a true blue VZA-VSA entry on a higher TF I may post it but until then I will stick to sharing the occassional intraday set-up either live or in hindsight as time allows.

Attached is a 30min and a daily chart for AU. You can see where the white fib comes from if you look at the daily chart. It is from the May 23rd, UHV bar and you can see how nicely PA was stopped at this bars high yesterday followed by today's PA which has come close to undoing all the upward move from yesterday (which was a weak looking NBP bar...). Not going to bore everyone with earlier entries I took but rather share a trade I took very recently. Lovely little 30 min ND (green line) into the low of yesterday's 1hr UHV zone (yellow fib).

I am looking for it to head back down to that 9600 daily zone but we are over the ADR so who knows (also late in the day and London is closed). It's an add on entry to others than are already locked into profit so all in all still a low risk / no risk trade. Worse case may be some sideways ranging until Asia.

Lovely isn't it how nicely PA respected the 1hr zone from yesterday! High was tested and a fall, 50% was tested and a fall and now the low was tested... These kind of set-ups happen day after day using VZA! (Hey that rhymed )
Attached Image(s) (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #24,430
  • Edited 2:13pm Jun 4, 2013 1:29pm | Edited 2:13pm
Quoting pres78
{quote} So last night I wrote a post about this and actually posted it, edited it and then deleted it. I decided that I was not going to talk about the daily and higher TF trades I may or may not be looking to take as it is still a work in progress and the system(s) I am building are not completly about VSA nor even VZA so I don't want to clutter the VSA thread with it. If I take a true blue VZA-VSA entry on a higher TF I may post it but until then I will stick to sharing the occassional intraday set-up either live or in hindsight as time allows....
Realized I didn't talk numbers...

Entry 9635, SL 9650, TP1 9620 (1:1) Hit, TP2 9605 (2:1) Open , SL at BE

EDIT - BE hit for TP2, came to with 5 pips of hitting 9605 - Ah well.
Today's zone = Tomorrow's opportunity!
  • #24,431
  • Jun 4, 2013 7:40pm Jun 4, 2013 7:40pm
Waiting for price to make a move above red line. We'll see if price will cooperate or not.
Attached Image (click to enlarge)
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Yes, I do enjoy eating bananas. Very much.
  • #24,432
  • Jun 4, 2013 11:09pm Jun 4, 2013 11:09pm
Quoting ieatbanana
Waiting for price to make a move above red line. We'll see if price will cooperate or not. {image}
Lets start with the yellow line on your chart. Admittedly it looks as if some demand came in here, but look at the follow through (red) not much effort to take this up.

But what really should catch our eye is the highest volume bar (blue) for the day. Its in an awkward place. This would have been a different story if the volume was in the test you highlighted.

If you zoom in on the 1h, you also see that all of the peaks in volume are on UTs.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1h.png Size: 64 KB
  • #24,433
  • Jun 4, 2013 11:31pm Jun 4, 2013 11:31pm
Quoting SimpleDev
{quote} Lets start with the yellow line on your chart. Admittedly it looks as if some demand came in here, but look at the follow through (red) not much effort to take this up. But what really should catch our eye is the highest volume bar (blue) for the day. Its in an awkward place. This would have been a different story if the volume was in the test you highlighted. If you zoom in on the 1h, you also see that all of the peaks in volume are on UTs. {image} {image}
Yeah. ^^ I didn't end up taking the trade. I was on the 15M when the giant upthrust happened, lol.
Attached Image (click to enlarge)
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Yes, I do enjoy eating bananas. Very much.
  • #24,434
  • Jun 4, 2013 11:42pm Jun 4, 2013 11:42pm
Quoting SimpleDev
{quote} Lets start with the yellow line on your chart. Admittedly it looks as if some demand came in here, but look at the follow through (red) not much effort to take this up. But what really should catch our eye is the highest volume bar (blue) for the day. Its in an awkward place. This would have been a different story if the volume was in the test you highlighted. If you zoom in on the 1h, you also see that all of the peaks in volume are on UTs. {image} {image}
Oh, and I forgot to mentioned. ^^ You were right, and I was horribly wrong in my bias ;(
Yes, I do enjoy eating bananas. Very much.
  • #24,435
  • Jun 5, 2013 4:24am Jun 5, 2013 4:24am
Quoting Connected
This indicator displays No Supply and No Demand indications when confirmed I'd like to share here attached. I found it on another forum. To the MT4 programmers amongst us, I would like for it to show the indications before confirmation/instead of waiting for confirmation if possible? I am not sure how to program this could anyone please advise if this is possible? Many thanks in advance. {file} {file}

Almost use them on there own, can`t help with the coding but thanks for the upload.
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Seek not to change the world; seek only to change your mind about the world
  • #24,436
  • Edited 5:31am Jun 5, 2013 4:58am | Edited 5:31am
Quoting gez40
{quote} Almost use them on there own, can`t help with the coding but thanks for the upload. {image}
Great Gez! I find it really quite handy for learning to spot the areas as a newbie, I think I will have another look at the code and see if I can work it out, will post it here if I can figure it out.
Tracking the Specialists.
  • #24,437
  • Jun 5, 2013 7:58am Jun 5, 2013 7:58am
All kinds of lovely new 1hr news driven UHV zones for me to play in! Thank you SM. At times you are oh so predictable...

More news in an hour... another new zone? We will see.
Today's zone = Tomorrow's opportunity!
  • #24,438
  • Jun 5, 2013 10:37am Jun 5, 2013 10:37am
Quoting Connected
{quote} Great Gez! I find it really quite handy for learning to spot the areas as a newbie, I think I will have another look at the code and see if I can work it out, will post it here if I can figure it out.

There is a guy over on forex tsd called "mladen" who codes a lot of stuff for free, might be worth a try.
Seek not to change the world; seek only to change your mind about the world
  • #24,439
  • Jun 5, 2013 10:54am Jun 5, 2013 10:54am
Quoting gez40
{quote} There is a guy over on forex tsd called "mladen" who codes a lot of stuff for free, might be worth a try.
Thank you very much, I will do that and let you know. Just wondered Gez how you find using the indi? I have been watching it over the past few days and it seems very accurate Good trading
Tracking the Specialists.
  • #24,440
  • Jun 5, 2013 11:08am Jun 5, 2013 11:08am
Quoting Connected
{quote} Thank you very much, I will do that and let you know. Just wondered Gez how you find using the indi? I have been watching it over the past few days and it seems very accurate Good trading

It does a great job. Going to try it out over the coming weeks with a trend based system.
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 41 KB
Seek not to change the world; seek only to change your mind about the world
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