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vsa with Malcolm

  • #25,301
  • Mar 3, 2014 7:18am Mar 3, 2014 7:18am

Thank you ... for your posts .



Are we have adown move coming ??


i'll look for no demand test bars

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  • #25,302
  • Mar 3, 2014 7:25am Mar 3, 2014 7:25am
Quoting gene3
Thank you ... for your posts . Are we have adown move coming ?? i'll look for no demand test bars {image}
Favoring longs right now..
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  • #25,303
  • Mar 3, 2014 7:29am Mar 3, 2014 7:29am
Quoting SimpleDev
{quote} Favoring longs right now.. {image}
just waiting for a test.
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  • #25,304
  • Mar 3, 2014 7:29am Mar 3, 2014 7:29am
Quoting SimpleDev
{quote} Favoring longs right now.. {image}
why did you choose this bar ?? its not looks like alast point of suplly !
Wave-Setup
  • #25,305
  • Mar 3, 2014 7:38am Mar 3, 2014 7:38am
Quoting gene3
{quote} why did you choose this bar ?? its not looks like alast point of suplly !
mainly because it lines up, but I already knew this was an important bar last week from my previous post, so it makes sense it would be tested this week.
  • #25,306
  • Edited 2:07pm Mar 3, 2014 8:06am | Edited 2:07pm
Is Malcolm a millionaire yet? Or anybody making trading calls based on volume data? My God... I remember what a frenzy was back in 2009 when Shamus opened a thread explaining VSA. He ended up talking to himself. People stopped to care.
How many of the original enthusiastic members still post here? The volume just shows you the number of contracts bought and sold (if there is liquidity). If close>open, then most of the time it's obvious that there were more buying orders and vice versa. The only setup I consider it can give you an edge is a small doji (like `+') with high volume (or higher) than the previous candlestick in a healthy trend. It shows we're approaching (more often than the fact that we hit) a support/resistance and a reversal (either a pullback or trend reversal) is coming. Every thing else, for what I believe, it's just a lucky subjective guess. A large part of the volume today is made by HF trading algos, not only by real money like in the back days. How relevant can be the decision of an algo when there is another one who just took the opposite trade? How do you know which one (robots or banks, hedge funds) generated most of the volume on a given candlestick?

Trade well.
  • #25,307
  • Mar 3, 2014 8:10am Mar 3, 2014 8:10am
Geez.. If I had a futures account right now.

As Tom Williams says..

Your bus has arrived.
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  • #25,308
  • Mar 3, 2014 8:20am Mar 3, 2014 8:20am
Quoting Pollux
Is Malcolm a millionaire yet? Or anybody making trading calls based on volume data? My God... I remember what a frenzy was back in 2009 when Shamus opened a thread explaining VSA. He ended up talking to himself. People stopped to care. How many of the original enthusiastic members still post here? The volume just shows you the number of contracts bought and sold (if there is liquidity). If close>open, then most of the time it's obvious that there were more buying orders and vice versa. The only setup I consider it can give you an edge is a small...
What tha.. wow a lot of jumping around in this post.

Steve Gill is probably the only person who has contact with Malcolm. Last I heard he had a job in Dubai.

I am probably the closest person who does live trading calls, and I dont do it too often. I still get stuff wrong and feel guilty about leading people one way or another.

Shamus shot himself in the foot when he told everyone SMART would be free, then he charging 300 or 400 bucks.

High algos or manually trading doesnt matter, works the same still have to remove or add supply to the market to get it to move somewhere. Think about it if high algos only took a fraction of a pip or whatever, then the range during the day would only be a fraction of a pip.

In the end VSA is just an edge.. either that or I haven't reached the enlightened state of being one with VSA.

Some months I can hit high 80s win rate and some months I am 40s or 50s.
  • #25,309
  • Mar 3, 2014 8:27am Mar 3, 2014 8:27am
and with this i am calling it a day.
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  • #25,310
  • Mar 3, 2014 12:52pm Mar 3, 2014 12:52pm
E/U :-

as shake out cosidered ahigh vol test followed by no demand , the test failed to rise the price
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  • #25,311
  • Mar 4, 2014 12:06am Mar 4, 2014 12:06am
Quoting gene3
E/U :- as shake out cosidered ahigh vol test followed by no demand , the test failed to rise the price {image}
  • #25,312
  • Mar 4, 2014 12:14am Mar 4, 2014 12:14am
Very interesting.. usually I there isnt any issue in Sierra feed.

Yesterday there is a big difference compared to IBFX. Leaning towards IBFX as the correct feed it nailed the setup. The yellow bars better volume highlighted and the green bar is a nd UT back into the area showing a bearish market.
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  • #25,313
  • Edited 11:13am Mar 4, 2014 10:55am | Edited 11:13am
Quoting SimpleDev
Geez.. If I had a futures account right now. As Tom Williams says.. Your bus has arrived. {image}

how often do you use thinkorswim? i've been using it recently over spot fx feeds but sometimes it looks a little off. I'm also not sure what you are seeing as well. The 2nd yellow bar closes in the middle, next yellow shows support, third yellow is higher volume down bar.
  • #25,314
  • Mar 4, 2014 7:58pm Mar 4, 2014 7:58pm
Quoting RaverStyleTim2
{quote} how often do you use thinkorswim? i've been using it recently over spot fx feeds but sometimes it looks a little off. I'm also not sure what you are seeing as well. The 2nd yellow bar closes in the middle, next yellow shows support, third yellow is higher volume down bar.
I have been using TOS as my broker for almost 5 years now.

There are some discrepancies on spot between TOS and Sierra, sometimes a bars spread might be one or two pips wider than what Sierra has. But honestly it has never been detrimental to a trade.

If you use them as a broker I would recommend setting up a window with a side by side. On one side set up the currency pair with the ask price and the other side the bid price. If you go long then enter your trade a few pips above the ask price and if you go short to go short a few pips below the bid price.
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  • #25,315
  • Mar 4, 2014 8:41pm Mar 4, 2014 8:41pm
If you havent noticed, I go through periods of when I want to post and others when I dont.. So might as well make use that I am in a posting mood.

Here is a heads up, major signs of weakness coming in, be patient for London, trading isnt about who cant get the trade off first.
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  • #25,316
  • Mar 4, 2014 10:07pm Mar 4, 2014 10:07pm
This is asia session (low vol ) but i got anice setup here with atiny sl .... hmmm lets play this
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  • #25,317
  • Mar 5, 2014 2:24am Mar 5, 2014 2:24am
Quoting gene3
Thank you ... for your posts . Are we have adown move coming ?? i'll look for no demand test bars {image}
That was a nice catch, good for 30 pips or so, did you take it?
Seek not to change the world; seek only to change your mind about the world
  • #25,318
  • Mar 5, 2014 6:20am Mar 5, 2014 6:20am
Quoting gez40
{quote} That was a nice catch, good for 30 pips or so, did you take it?
yes , i use daily pivot and it hit S1 level but this was 2 days ago .
now iam on the buy from 137.30 with a30 pip sl hasnt stooped yet .
Wave-Setup
  • #25,319
  • Mar 5, 2014 10:08am Mar 5, 2014 10:08am
Quoting SimpleDev
If you havent noticed, I go through periods of when I want to post and others when I dont..
These moods seem to coincide with my broadband outages

Three weeks and counting
  • #25,320
  • Mar 5, 2014 2:32pm Mar 5, 2014 2:32pm
what do you think guys ?
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