vsa with Malcolm | Page 1250 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #24,981
  • Dec 3, 2013 3:22am Dec 3, 2013 3:22am
Carbonando, Looking at the background I see your blue rectangle runs into a UHV 2bar reversal area. There is a lot of volume in that "effort to rise" which I interpret as a high cost intervention. Above, at the top supply enters into the market & after distribution it takes effect.. If you were running a P&F chart you would be able to calculate the "weight" of that distribution. There was strong "effort to fall" or bearish push down. There could be elements of demand in that wide bar down with UHV, but how to find out? Looking at that UHV SO bar gives us a clue. Look at where it appears, at the top of a minor retrace. To my way of thinking that is major supply still in the market, & will be taken out in time. Sure, there is a low vol SO bar checking its base & moved the market up, you probably did your entry off that bar. I would wait for additional strength to appear in this area before I would get interested in going long... I do not see it atm... so this would probably fizzle out & perhaps go sideways with a minor retrace.. lets see how we go
  • #24,982
  • Dec 3, 2013 4:38pm Dec 3, 2013 4:38pm
Quoting carbonado
...i took this e/u buy,what do you guys think............
Well What your account says about that buy?
The Market pays you to be disciplined
  • #24,983
  • Dec 3, 2013 7:29pm Dec 3, 2013 7:29pm
Quoting carbonado
good day to all,i took this e/u buy,what do you guys think............ {image}
It wasn't bad, you got a rise out of it. I saw it yesterday but didn't like it, the bulk of the volume was on an up bar and also because I would have rather seen the volume in the down move from earlier that day.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 66 KB
  • #24,984
  • Dec 3, 2013 7:33pm Dec 3, 2013 7:33pm
GU yesterday, nice 2 bar reversal from the previous US session, nice spread and volume here.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.png Size: 66 KB
  • #24,985
  • Dec 3, 2013 7:41pm Dec 3, 2013 7:41pm
Quoting SimpleDev
{quote} I see UCAD as being in an awkward area.. 1.06 has been a tough resistance spot from July and September, so this is a bad area to be looking for longs. Also the volume for the past two days is about average, makes me think there is no big selling going on that would likely reverse the up trend the pair is currently in. At this point I would be looking for opportunities on other pairs, until this pair either reverses the trend or pushes though 1.06. {image}
Finally seeing some volume come in on UCAD, probably still good to wait for the trend to roll over though.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 54 KB
  • #24,986
  • Dec 4, 2013 1:01am Dec 4, 2013 1:01am
tanks frank sa,mima.....and simpledev............i got out at 1.3590
  • #24,987
  • Dec 4, 2013 1:07am Dec 4, 2013 1:07am
tanks frank sa,mima.....and simpledev............i got out at 1.3590
  • #24,988
  • Dec 4, 2013 1:09am Dec 4, 2013 1:09am
Quoting SimpleDev
{quote} It wasn't bad, you got a rise out of it. I saw it yesterday but didn't like it, the bulk of the volume was on an up bar and also because I would have rather seen the volume in the down move from earlier that day. {image}

could you explain why you would prefer the bulk of the volume to be on a down bar....rather a up...thanks in advance....
  • #24,989
  • Dec 4, 2013 1:13am Dec 4, 2013 1:13am
Quoting SimpleDev
{quote} Finally seeing some volume come in on UCAD, probably still good to wait for the trend to roll over though. {image}
i guess it would probabaly roll over later today cos of the news,after the news we can take our position.......
  • #24,990
  • Dec 4, 2013 1:51am Dec 4, 2013 1:51am
Guys when using the Better Volume indicator, the following gives a 'Climax Low' bar - this screenshot is a move on EU 30 min chart just now, so I presume that the Climax Low message = Selling Climax?
Attached Image
Tracking the Specialists.
  • #24,991
  • Dec 4, 2013 2:02pm Dec 4, 2013 2:02pm
Quoting SimpleDev
{quote} Finally seeing some volume come in on UCAD, probably still good to wait for the trend to roll over though. {image}

could you explain the two bar pattern please,thanks..........
  • #24,992
  • Dec 4, 2013 2:51pm Dec 4, 2013 2:51pm
Quoting carbonado
{quote} could you explain the two bar pattern please,thanks..........

For example , book Master the Market has the answer.
The Market pays you to be disciplined
  • #24,993
  • Dec 4, 2013 2:59pm Dec 4, 2013 2:59pm
What worries me is GBPAUD and GBPCAD on daily....they have such high vol on top, collapse on the horizon or some decent retracement.

It needs confirmation with PA, but only by checking this mad vol on top (at least on my feed) makes me wonder how is it possible to still see some crazy buyers on top ? Looks like sellers lurking in.

GBPAUD 1,74xxx (daily) and GBPCAP 1,67xx (monthly) ?? I may start some shorts next week after BOE/ECB/NFP are done
COT: The precious data ignored
  • #24,994
  • Dec 4, 2013 8:31pm Dec 4, 2013 8:31pm
Quoting carbonado
{quote} could you explain why you would prefer the bulk of the volume to be on a down bar....rather a up...thanks in advance....
Quoting carbonado
{quote} could you explain the two bar pattern please,thanks..........
Both of these questions are explained in depth in the book Master the Markets, which is required reading for this thread. You won't get very far trading VSA without reading this book.

http://www.tradeguider.com/mtm_251058.pdf
  • #24,995
  • Dec 4, 2013 8:37pm Dec 4, 2013 8:37pm
Quoting kuroro001
What worries me is GBPAUD and GBPCAD on daily....they have such high vol on top, collapse on the horizon or some decent retracement. It needs confirmation with PA, but only by checking this mad vol on top (at least on my feed) makes me wonder how is it possible to still see some crazy buyers on top ? Looks like sellers lurking in. GBPAUD 1,74xxx (daily) and GBPCAP 1,67xx (monthly) ?? I may start some shorts next week after BOE/ECB/NFP are done
Not sure why you're worried, heh.

But yea we have high volume coming in especially on GBPCAD and the PA isn't looking great for the bulls. Right now it is just a game of patience and waiting for the trend to roll over, no point in trying to jump in right now only to have to absorb rising prices.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 91 KB
  • #24,996
  • Dec 4, 2013 8:41pm Dec 4, 2013 8:41pm
Quoting Connected
Guys when using the Better Volume indicator, the following gives a 'Climax Low' bar - this screenshot is a move on EU 30 min chart just now, so I presume that the Climax Low message = Selling Climax?{image}
Better volume wasn't built for VSA, so it uses different terminology. But it is still good at hi-lighting bars.

That bar I wouldn't call it a selling climax, the spread is too narrow and the volume isn't high enough.
  • #24,997
  • Dec 4, 2013 9:19pm Dec 4, 2013 9:19pm
Quoting SimpleDev
{quote} {quote} Both of these questions are explained in depth in the book Master the Markets, which is required reading for this thread. You won't get very far trading VSA without reading this book. http://www.tradeguider.com/mtm_251058.pdf
thanks mima and simpledev...........i would read it again,i have been busy with the thread...am on pg 652...........
  • #24,998
  • Dec 5, 2013 12:30am Dec 5, 2013 12:30am
Quoting SimpleDev
{quote} Better volume wasn't built for VSA, so it uses different terminology. But it is still good at hi-lighting bars. That bar I wouldn't call it a selling climax, the spread is too narrow and the volume isn't high enough.
Much apreciated SimpleDev! thanks for your time
Tracking the Specialists.
  • #24,999
  • Dec 5, 2013 2:27am Dec 5, 2013 2:27am
Not all that confident on this trade so I took only a partial position. But 1h is in a down trend, and big volume from yesterdays US session. Today in late Asia EJ tried to break the high of the high volume bar from US but failed, I am taking this as a sign of weakness.

Like to see this down to S1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h.png Size: 50 KB
Click to Enlarge Name: 15m.png Size: 49 KB
  • #25,000
  • Dec 5, 2013 3:31am Dec 5, 2013 3:31am
Quoting SimpleDev
Not all that confident on this trade so I took only a partial position. But 1h is in a down trend, and big volume from yesterdays US session. Today in late Asia EJ tried to break the high of the high volume bar from US but failed, I am taking this as a sign of weakness. Like to see this down to S1. {image} {image}
Too bad, it didn't go anywhere. I am done with this.
Attached Image (click to enlarge)
Click to Enlarge Name: 15m.png Size: 63 KB
9 traders viewing now