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vsa with Malcolm

  • #26,401
  • Feb 26, 2015 9:45am Feb 26, 2015 9:45am
Rubbish trolling.

There is volume in Forex, it's quite undeniable really. There is an indicator on every platform that tells you the volume of ticks each candle experienced. That is volume, a volume of ticks.

So yes, there certainly is volume in FX.
  • #26,402
  • Feb 26, 2015 11:23am Feb 26, 2015 11:23am
Quoting KinsaleForex
{quote} I took a trade around this area today. Using the 15min and 3min P&F. {image} I've marked the FOMC 50% in orange as you can see on the above charts. The yellow box on the 15min chart is what drew my attention when I got up this morning. It's quite a wide spread for that time in the morning and whilst the volume isn't massive, there was definitely a marked increase. This was followed by an upthrust so at this stage I was looking for shorts. I had to wait for price to get below the MA on the 3min but eventually it did and printed a nice...
Thank you kinsale
  • #26,403
  • Feb 27, 2015 2:02am Feb 27, 2015 2:02am
Quoting Trotty
Rubbish trolling. There is volume in Forex, it's quite undeniable really. There is an indicator on every platform that tells you the volume of ticks each candle experienced. That is volume, a volume of ticks. So yes, there certainly is volume in FX.
He knows, he's just taking the piss! An old regular that shows up every now and again, says that and disappears again.
  • #26,404
  • Feb 27, 2015 2:49am Feb 27, 2015 2:49am
Quoting KinsaleForex
{quote} He knows, he's just taking the piss! An old regular that shows up every now and again, says that and disappears again.
Oh. Seems a bit weird but whatever floats your boat I guess!
  • #26,405
  • Feb 27, 2015 6:48am Feb 27, 2015 6:48am
No Liam, I truly believe that . And yes, every time it floats someone's boat . That is weird
  • #26,406
  • Feb 28, 2015 10:50pm Feb 28, 2015 10:50pm
Quoting 1pipperhour
No Liam, I truly believe that . And yes, every time it floats someone's boat . That is weird
You think its weird when someone's boat floats?
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  • #26,407
  • Mar 1, 2015 10:51am Mar 1, 2015 10:51am
Hi HiddenGap,

I have question about indicators. What settings you use on DBPL ? And you indicator "chart mode" is Williams %36 with -50 level ? Thank you.
  • #26,408
  • Mar 1, 2015 10:57pm Mar 1, 2015 10:57pm
Quoting sebohsj
One thing I love about Wyckoff is that he was more about formations, not naming bars more definitively like Tom has (this bar is this, this bar is that).

Climaxes, shakouts, springs, tests, etc... can occur over multiple bars and should not be confined to one bar alone. Learn the formation, not the bar. HTH
exactly this shakeout is killing me, I just have to convince myself this is shakeout or mebbe tis not, go back to reading text books & end up getting more confused.

can anyone please clear what is that bar there, thank you.
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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #26,409
  • Mar 2, 2015 6:10am Mar 2, 2015 6:10am
Quoting SimpleDev
{quote} You think its weird when someone's boat floats? {image}
It has an engine, so no floating
  • #26,410
  • Mar 2, 2015 6:22am Mar 2, 2015 6:22am
Quoting Vcv13
{quote} exactly this shakeout is killing me, I just have to convince myself this is shakeout or mebbe tis not, go back to reading text books & end up getting more confused. can anyone please clear what is that bar there, thank you. {image}
Thats a tricky one! Always best to look at the bigger picture and there seems to be rejection of the higher levels with large volume, hence sellers coming in. That bar could be large interests attempt to mark down the price but there was still demand in the picture hence the high volume and mid close on the bar. Demand was eventually absorbed by the sellers.

Interested to hear others take on it though?
  • #26,411
  • Mar 2, 2015 6:38am Mar 2, 2015 6:38am
Quoting Vcv13
{quote} exactly this shakeout is killing me, I just have to convince myself this is shakeout or mebbe tis not, go back to reading text books & end up getting more confused. can anyone please clear what is that bar there, thank you. {image}
If you arent sure you can always mark off the high/low and watch how price reacts. (Your volume feed looks better than FXCM in this case, FXCM the highest volume bar was 2 bars before yours and makes the pair look weak)

I marked your bar in white..

The red bar comes up to the bottom of your bar with low volume, if you shorted this you would have been stopped out. Now look at the green bar how it tested the high of your bar, if you would have taken this it would have made up for the previous loss and then some.

On a side note look at the day before and how it reacted to the HV bar from the previous day.
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  • #26,412
  • Mar 2, 2015 6:39am Mar 2, 2015 6:39am
Quoting 1pipperhour
{quote} It has an engine, so no floating
If you took the engine off the table, it would sink rather than float?

  • #26,413
  • Edited 7:46am Mar 2, 2015 7:13am | Edited 7:46am
Quoting Vcv13
{quote} exactly this shakeout is killing me, I just have to convince myself this is shakeout or mebbe tis not, go back to reading text books & end up getting more confused. can anyone please clear what is that bar there, thank you. {image}
Firstly i'd say try not to get too bogged down in single bars. It's all about the bigger picture and how it may or may not react to this area/zone.

This is the Sierra view on the subject. The higher volume is two bars before as well, much like SimpleDev's chart. It's worth noting that the higher volume bar comes at 13:30 (GMT) which is when there was a US news announcement. I know EUR/NZD aren't USD but this is a good indicator of what sparked the increase in volume without needing to look at the whys.

There was even a nice PnF entry as it broke the high of the black zone.
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  • #26,414
  • Mar 2, 2015 8:07am Mar 2, 2015 8:07am
If you've found a setup and got in and then get stopped out by a shakeout. Do you then get back on the horse and get back into the trade post-shake out in your original direction at a new better price?
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,415
  • Mar 2, 2015 9:17am Mar 2, 2015 9:17am
Quoting ZeeDeveel
If you've found a setup and got in and then get stopped out by a shakeout. Do you then get back on the horse and get back into the trade post-shake out in your original direction at a new better price?
I put a stop in a place I dont think it will be hit, if it gets hit then i was wrong and move on to the next setup.
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  • #26,416
  • Mar 2, 2015 9:20am Mar 2, 2015 9:20am
Quoting KinsaleForex
{quote} Firstly i'd say try not to get too bogged down in single bars. It's all about the bigger picture and how it may or may not react to this area/zone. This is the Sierra view on the subject. The higher volume is two bars before as well, much like SimpleDev's chart. It's worth noting that the higher volume bar comes at 13:30 (GMT) which is when there was a US news announcement. I know EUR/NZD aren't USD but this is a good indicator of what sparked the increase in volume without needing to look at the whys. There was even a nice PnF entry as...
Its struggling at that 50% mark.

Youre getting lethal with those 3m PnFs!
  • #26,417
  • Mar 2, 2015 9:24am Mar 2, 2015 9:24am
Quoting SimpleDev
{quote} If you aren't sure you can always mark off the high/low and watch how price reacts.
This is the basis of how I trade (well also watch 50% on wide spread bars)...
Today's zone = Tomorrow's opportunity!
  • #26,418
  • Mar 2, 2015 9:51am Mar 2, 2015 9:51am
Quoting pres78
{quote} This is the basis of how I trade (well also watch 50% on wide spread bars)...
Yup!

Your VZA mixed with risk control is absolutely amazing way to trade!

I did away with the 50% and I dont go back as far as you do.. Just because I would confuse myself.
  • #26,419
  • Mar 2, 2015 10:43am Mar 2, 2015 10:43am
Quoting SimpleDev
{quote} Its struggling at that 50% mark. Youre getting lethal with those 3m PnFs!
Truth be told, I wouldn't normally trade into the low of a zone like that with higher volume, but there was enough space between the high of the black zone and low of the orange zone to at least reach 1:1 so i'd take it on that basis and see if it then runs on to the target.
  • #26,420
  • Mar 2, 2015 10:46am Mar 2, 2015 10:46am
Quoting ZeeDeveel
If you've found a setup and got in and then get stopped out by a shakeout. Do you then get back on the horse and get back into the trade post-shake out in your original direction at a new better price?
Hi ZD, is this a hypothetical question or do you perhaps have a chart as an example? Just wondering have you had a trade where this happened?
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