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vsa with Malcolm

  • #25,441
  • Apr 23, 2014 5:31pm Apr 23, 2014 5:31pm
Quoting Dr.Phoenix
.... Today I know what the "volumes" at FX and the real volumes from CME, for example, are alike at almost 90%. ...
Ser, just small correction regarding mentioned percentage : it is 92.27% on Monday and Thursday (after 1:37pm) and 88.43% on all other days all day long.
There is a winner and a loser, nothing in between.
  • #25,442
  • Apr 23, 2014 8:10pm Apr 23, 2014 8:10pm
Quoting pres78
{quote} HG, OK first off you say this is not a quiz but rather a query. That seems to have been lost on some of the posters. While they did on many cases provide entry locations I am not sure your intention was for the A-M bars to be each named (you know how much I love naming all the bars in your quizzes ). Many of those bars are just bars after all at the end of the day. While ALL are part of the PA, not all are important. For this query I started by removing my VZA zones to play on the same field as you for this series of questions. I then...
WOW !!!!!!!!!!!!!

Is it weird that I shed a tear while reading this? That was a truly awesome answer. Thank you does not begin to express my gratitude.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25,443
  • Edited Apr 17, 2016 6:55am Apr 24, 2014 12:49am | Edited Apr 17, 2016 6:55am
Quoting carbonado
. I assume it is a 15 minute zone? I applied a zone from a April 17th bar which I believe is a S/D delta zone complete with hidden gap. Thanks for everything pres...........i want to ask what a hidden gap means.............
me too assuming that hidden gap is something Mr HiddenGap posting and using his name.. but found this guide .look at this i am also studying it may be it can help.
i am not sure if i post some other document or file on this thread is allowed or not.. if its not i apologize for it.
{ copyrighted attachment deleted by staff }
Think Twice Low Volume is Key to Success
  • #25,444
  • Apr 24, 2014 4:33am Apr 24, 2014 4:33am
Quoting classix
{quote} me too assuming that hidden gap is something Mr HiddenGap posting and using his name.. but found this guide .look at this i am also studying it may be it can help. i am not sure if i post some other document or file on this thread is allowed or not.. if its not i apologize for it. {file}

THANKS.................
  • #25,445
  • Edited 7:48am Apr 24, 2014 6:03am | Edited 7:48am
Quoting HiddenGap
{quote} Is it weird that I shed a tear while reading this? That was a truly awesome answer.
Yes HG that is a bit weird but then again I see beauty in the way price moves around the charts so who am I to judge.
Today's zone = Tomorrow's opportunity!
  • #25,446
  • Edited 7:56am Apr 24, 2014 7:51am | Edited 7:56am
I'm in a posting mood after the conversation the last few days. Here's a 15min HLC / 3min PnF combination of a trade I took a few mins ago. All annotated on the chart.

Any thoughts or comments?
Attached Image (click to enlarge)
Click to Enlarge Name: 24-04-2014_EU_Entry.png Size: 106 KB
  • #25,447
  • Apr 24, 2014 8:27am Apr 24, 2014 8:27am
Quoting KinsaleForex
I'm in a posting mood after the conversation the last few days. Here's a 15min HLC / 3min PnF combination of a trade I took a few mins ago. All annotated on the chart. Any thoughts or comments? {image}
I assume you entered after the close of D. I just would feel uncomfortable considering C.
  • #25,448
  • Apr 24, 2014 8:50am Apr 24, 2014 8:50am
Quoting RaverStyleTim2
{quote} I assume you entered after the close of D. I just would feel uncomfortable considering C.
Entry was 1.3820, as D was closing and it passed through the PnF formation in the last green rectangle.

I was thinking about C of course, but I didn't consider it as proving any strength to me. I felt A (and subsequently B this morning) was more in control.

***

Here's another chart of a UJ trade I took a few mins ago, in this one, I did let other zones influence my decision to get out of the trade. From right to left we have 15min UJ, 3min UJ and 3min PnF. High volume zone at the high followed by an upthrust and a drive down. 3min came back up to the low and printed a ND. And the 3min PnF printed a sell signal I like. All the stars aligned. Entered the trade with the lower zones (A + B) in mind. Saw the increase in volume on the 3min at the high of A and decided to get out. Unfortunate as it's flying! Screenshot at a low of 102.30 and it's now hit 102.13!
Attached Image (click to enlarge)
Click to Enlarge Name: 24-04-2014_UJ_Entry3.png Size: 112 KB
  • #25,449
  • Apr 24, 2014 11:19am Apr 24, 2014 11:19am
Quoting KinsaleForex
{quote}Here's another chart of a UJ trade I took a few mins ago, in this one, I did let other zones influence my decision to get out of the trade. From right to left we have 15min UJ, 3min UJ and 3min PnF. High volume zone at the high followed by an upthrust and a drive down. 3min came back up to the low and printed a ND. And the 3min PnF printed a sell signal I like. All the stars aligned. Entered the trade with the lower zones (A + B) in mind. Saw the increase in volume on the 3min at the high of A and decided to get out. Unfortunate as it's flying!...
OH Ok Liam I'll bite...

I follow UJ mainly as a correlation indication with EU and GU for trades I take on EJ and GJ more as a move strength gauge but don't take too many trades on it. I am going to comment based on your 3 charts only...

Chart 1 - PnF

I know just enough about PnF to say that I know nothing about PnF, however I can see simple items when using the volume at the bottom like ND retraces etc... that said you have added a MA for trend but in this case you are trading against it. When you enter your PnF chart is above the MA which based on trading with MA's should only mean longs. I am a big believer that you can trade with indi's and be successful and if a MA or two make defining trend easier then by all means use them... that said if your going to have them on your chart... use them.

Chart 2 - 3min HLC

We get that upper zone, see a fake break of the high met with sellers down to the low, brief support with a return to 50%, a break of the low and a ND right into the low. Nice entry. Again note how you are below you MA when the entry presents. Nice, safe and with the trend. Actually see how price pings the 50% of the zone but closes below (or close to it) the MA. So the MA and 50% of the zone contained the increased volume retrace that resulted in sellers taking over.

Worried about that A bar high? The bar that takes out the low of the ND enters the zone closing inside so why worry? UHV or increased volume closing above then maybe but a close inside with the next bar moving up above but again closing inside and right on the low. That zone high is no longer a concern to act as support.

Chart 3 - 15min HLC

Once that high and 50% were taken out we expect to the see the zone low at least at 102.215 (I checked and we get) and this should be a good support level where we want to tight stops or start closing out.

Remember increased volume into "possible" support or even into a demand zone does NOT always mean buyers are in control. Give PA a chance to play out a bit to see how bars are closing etc...
Today's zone = Tomorrow's opportunity!
  • #25,450
  • Apr 24, 2014 11:26am Apr 24, 2014 11:26am
Hi Pres78,

i am on page 618 at the thread, march 2011.

which date you approxiametly started posting your VZA based setups?


Quoting pres78
{quote} OH Ok Liam I'll bite... I follow UJ mainly as a correlation indication with EU and GU for t
rades I take on EJ and GJ more as a move stregth gauge but don't take too many trades on it. I am going to comment based on your 3 charts only... Chart 1 - PnF I know just enough about PnF to say that I know nothing about PnF, however I can see simple items when using the volume at the bottom like ND retraces etc... that said you have added a MA for trend but in this case you are trading against it. When you enter your PnF chart is above the MA which...
  • #25,451
  • Apr 24, 2014 11:35am Apr 24, 2014 11:35am
Quoting Trappist
Hi Pres78, i am on page 618 at the thread, march 2011. which date you approxiametly started posting your VZA based setups? {quote}
Started playing with it fall of 2011 and it grew from there.
Today's zone = Tomorrow's opportunity!
  • #25,452
  • Apr 24, 2014 4:59pm Apr 24, 2014 4:59pm
Cheers for the reply mate, as always, i've learnt something!

Quoting pres78
{quote} OH Ok Liam I'll bite... I follow UJ mainly as a correlation indication with EU and GU for trades I take on EJ and GJ more as a move strength gauge but don't take too many trades on it. I am going to comment based on your 3 charts only... Chart 1 - PnF I know just enough about PnF to say that I know nothing about PnF, however I can see simple items when using the volume at the bottom like ND retraces etc... that said you have added a MA for trend but in this case you are trading against it. When you enter your PnF chart is above the MA which...
I'm undecided on the MA to be honest, it was something I was trying but haven't really stuck to, as you can see. For a while I was doing this 3min method without using the zones, purely looking for entries with PnF based on good ole VSA. Now that i've started using the zones again, I look at my chart and it doesn't even enter into my mind to trade in the direction a wavy line suggests. So i'm leaning towards getting rid of it. Cheers for mentioning it though.

Quoting pres78
Chart 2 - 3min HLC We get that upper zone, see a fake break of the high met with sellers down to the low, brief support with a return to 50%, a break of the low and a ND right into the low. Nice entry. Again note how you are below you MA when the entry presents. Nice, safe and with the trend. Actually see how price pings the 50% of the zone but closes below (or close to it) the MA. So the MA and 50% of the zone contained the increased volume retrace that resulted in sellers taking over. Worried about that A bar high? The bar that takes out the low...
Quoting pres78
Chart 3 - 15min HLC Once that high and 50% were taken out we expect to the see the zone low at least at 102.215 (I checked and we get) and this should be a good support level where we want to tight stops or start closing out. Remember increased volume into "possible" support or even into a demand zone does NOT always mean buyers are in control. Give PA a chance to play out a bit to see how bars are closing etc...
Don't have much to say other than lesson learned regarding the bar closing below the line and it not acting as support. I was just being over cautious I guess! Happy with the entry but the management could have been much better. One to add to the "ideal trades" folder.

Cheers for taking the time to reply, considering the PnF bias!
  • #25,453
  • Apr 28, 2014 12:44am Apr 28, 2014 12:44am
Inserted Video


TG is now a signal service..

Video is worth a watch though, Gavin explains how the wide spread down bar on April 22nd AU is weakness and not strength.
  • #25,454
  • Apr 28, 2014 8:26am Apr 28, 2014 8:26am
Quoting pres78
{quote} Started playing with it fall of 2011 and it grew from there.

hey pres..quick one...............in a case you are having difficulty picking a level..and a new one forms.........you can use it instantly if price enters it then moves in the direction anticipated
  • #25,455
  • Apr 28, 2014 8:48am Apr 28, 2014 8:48am
Quoting carbonado
{quote} hey pres..quick one...............in a case you are having difficulty picking a level..and a new one forms.........you can use it instantly if price enters it then moves in the direction anticipated
Yes new UHV zones can be traded instantly with the currently PA / background in mind.
Today's zone = Tomorrow's opportunity!
  • #25,456
  • Apr 28, 2014 7:05pm Apr 28, 2014 7:05pm
Quoting SimpleDev
https://www.youtube.com/watch?v=uLAu...CKfhUoE7JLQRyQ TG is now a signal service.. Video is worth a watch though, Gavin explains how the wide spread down bar on April 22nd AU is weakness and not strength.
Give a man a fish he eats for a day, teach a man a fish he eats for a lifetime. Tell a man his life is easier if you catch the fish and sell them to him to save him the work and the dirty, worm smelling hands and you can buy a Lamborghini off all the money he pays you.
Today's zone = Tomorrow's opportunity!
  • #25,457
  • Apr 28, 2014 7:29pm Apr 28, 2014 7:29pm
Does anyone know what the hell is going on with Oanda's volumes?
  • #25,458
  • Apr 29, 2014 9:50am Apr 29, 2014 9:50am
Quoting pres78
{quote} Give a man a fish he eats for a day, teach a man a fish he eats for a lifetime. Tell a man his life is easier if you catch the fish and sell them to him to save him the work and the dirty, worm smelling hands and you can buy a Lamborghini off all the money he pays you.
The moral of this story is if in this business you pay for anything make sure it's fishing lessons. At some point in the future the guy you are buying your fish from may decide he doesn't want to sell fish anymore and you are once again left hungry.
Today's zone = Tomorrow's opportunity!
  • #25,459
  • Edited 11:28am Apr 29, 2014 11:10am | Edited 11:28am
I was asked in a PM how I manage my trades. I have discussed that before but I am not sure whether it was here or over at Steve's forum or perhaps both. Either way I will cover again the basics of how I manage my trades.

1. Once risk (SL placement) is determined I will decide what size trade to take. I always take 2 positions (well sort of, more later) for trades. So if I want to risk say 2% of my account;

  1. 2% of say $1,000.00 account = $20 risk
  2. SL is say 20 pips away = $1 per pip

So now I know my trade size will be 0.1 lots.


2. I enter the trade and set a target to close 0.05 lots at $20 gain or roughly 20 pips. Now we have to take into account spreads to some extent and moreso commisions. In order to gain a true 1:1 we need to cover our costs of doing business. If we lose we lose the $20 SL + the commision so make sure you cover your costs. If trades are carried overnight we need to consider swaps also but we will just worry about basics for same day open / close trades.

In MT4 you can partial close so I use this feature a lot rather than opening two half size trades as I used to do.

3. Once 1:1 is hit I now have a worst case net zero trade. If I do nothing and my SL is hit I BE. Now I will review PA and see if it is safe to move my SL to BE or if it is better to leave the room to breathe. This will depend on what size the original SL was and how well price moved away.

If price continues onto say 2:1 I will evaluate again. Actually I worry less about whether I made it to 2:1 or 3:1 but more look for PA to show me when I can start to safely trail my SL. If I get an opposing trade signal I may close out but usually I will trail my SL and leave it and once my SL placement is no longer safe the market takes me out.

Today's zone = Tomorrow's opportunity!
  • #25,460
  • Apr 29, 2014 12:10pm Apr 29, 2014 12:10pm
Where did everybody go?

Knock, knock, knock!!! Hello is anybody in there?

Attached Image
Today's zone = Tomorrow's opportunity!
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