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vsa with Malcolm

  • #27,381
  • Dec 6, 2015 9:57am Dec 6, 2015 9:57am
My prediction for Monday (or for Tuesday, if Monday turns out as a low-action flat day).

Candle nr. 1 seems like a huge buying candle, but there wasn't enough accumulation preceding it. The market has no cause to be bullish, so I think there was a lot of hidden selling inside, even though the market made new highs after.

Now candle nr. 2 has a much smaller range, but the volume is almost as high as nr. 1. SM could have sold into the NFP herd's buying frenzy, with the next candle it formed a 2BR aswell. If SM would have wanted to buy, they would have drive down the market before and during NFP, and buy up the selling.

So regarding trading setups, there could be an upthrust at the level, where the upper blue arrow is, then enter on a ND. Another entry could be, if the price goes down, breaks the support level, and gives a ND either after the break, or after a retest of the lower level.

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EA is the cleanest, but this scenario applies to GU and GA aswell.
Price and volume reveals everything. The market moves on supply and demand.
  • #27,382
  • Dec 6, 2015 3:21pm Dec 6, 2015 3:21pm
Quoting Darastonius
My prediction for Monday (or for Tuesday, if Monday turns out as a low-action flat day). Candle nr. 1 seems like a huge buying candle, but there wasn't enough accumulation preceding it. The market has no cause to be bullish, so I think there was a lot of hidden selling inside, even though the market made new highs after. Now candle nr. 2 has a much smaller range, but the volume is almost as high as nr. 1. SM could have sold into the NFP herd's buying frenzy, with the next candle it formed a 2BR aswell. If SM would have wanted to buy, they would...

yes I think you maybe right
I like your charts VSA - Great stuff!!
The Eur, I think is going to drop hard - but it might chop a little longer then Tuesday

Why are you looking at two currencies that both ( in fact 4) strengthen on Friday.
the natural call would be the USD why do u not like it?
I am just wondering
Lets get discussion going as to why we are doing trades

I like audusd

Cheers
  • #27,383
  • Edited Dec 7, 2015 10:17am Dec 6, 2015 4:43pm | Edited Dec 7, 2015 10:17am
Quoting TEB63
{quote} the natural call would be the USD why do u not like it? I am just wondering Lets get discussion going as to why we are doing trades I like audusd Cheers
There was a question somewhere else about the EA, and I thought I quickly copy it into this forum aswell. Haven't looked into the market at that time, but now I'm finished with my analysis for tomorrow. Mainly I'll try to catch an EU, GU, GA, EA, GN and GCAD short setup. Same scenario as on the picture I psoted above. Actually the GN had the drop already happen, I expect the same on the others.

AU is good too, but my problem with it so far, that on H1 it is in a trading range for days now. And how does usually SM get rid of a range? If they are bullish, they will make a spring, if they are bearish they will make an upthrust. I am waiting for either of these now on this, because AU is in a previous distribution area on the daily. But one of these actions could settle if this is a reaccumulation, or a distribution again.

UPDATE

I chose GU, around London open a 2BR followed by a Gotcha Bar, then retest, I entered on the ND at the top. Spent all day sitting in the grinder, exited not long ago in BE. This is still bearish in my opinion. Same with EU. GA and GN are running into an effort versus result problem on the H1 at the previous selling level, that is good. EA is testing the top of the range, it ought to show some selling soon.

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Price and volume reveals everything. The market moves on supply and demand.
  • #27,384
  • Dec 7, 2015 11:01am Dec 7, 2015 11:01am
update- closing all my audusd trades
had a boat load on

TEB
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  • #27,385
  • Dec 7, 2015 12:19pm Dec 7, 2015 12:19pm
I had been wondering if those were all different positions that you are showing TEB63. Care to explain, are you taking a few larger positions and peeling off partial profit as you go or are you running some kind of crazy EA script?
  • #27,386
  • Dec 7, 2015 1:07pm Dec 7, 2015 1:07pm
Quoting Rinehart
I had been wondering if those were all different positions that you are showing TEB63. Care to explain, are you taking a few larger positions and peeling off partial profit as you go or are you running some kind of crazy EA script?

lol I don't do EA.
I don't think you can do an EA with Oanda- old charts - I cannot anyways

They are real trades. I added as the trade were going my way.
( I topped up to my account as well in fact)
I moved to BE early this morning.

To be honest I had little to risk with the set up and the fundies

cheers

teb63
  • #27,387
  • Edited Dec 8, 2015 10:51am Dec 7, 2015 7:35pm | Edited Dec 8, 2015 10:51am
Quoting TEB63
{quote} lol I don't do EA. I don't think you can do an EA with Oanda- old charts - I cannot anyways They are real trades. I added as the trade were going my way. ( I topped up to my account as well in fact) I moved to BE early this morning. To be honest I had little to risk with the set up and the fundies cheers teb63
Damn, that is some awesome trading. I'm on page 1010. I'll be studying your stuff soon enough

I looked at your TEB: Daily Strength/Weakness Trading Thread. You are a beast.
  • #27,388
  • Edited 8:15am Dec 8, 2015 7:47am | Edited 8:15am
I took a long on EURAUD during Asian session that was a nice big winner. Locked in at BE+ 100 and price is up another 100 pips and pushing

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  • #27,389
  • Dec 8, 2015 10:42am Dec 8, 2015 10:42am
[/quote]
Hi Rinehard could you please share your V vol indi.... thankx
Learn THEN Unlearn
  • #27,390
  • Edited 10:57am Dec 8, 2015 10:45am | Edited 10:57am
Quoting HighFivve
{quote}Hi Rinehard could you please share your V vol indi.... thankx
Here you go. It is just the BetterVolume Indicator and I changed some of the colors to make my eyes happier.
Attached Image
Attached File(s)
File Type: mq4 BetterVolume 1.5 new with Alerts.mq4   7 KB | 784 downloads
  • #27,391
  • Dec 8, 2015 12:28pm Dec 8, 2015 12:28pm
}[/quote]
Cool thanks.....may I ask what are the green and red v on chart?
Learn THEN Unlearn
  • #27,392
  • Dec 8, 2015 12:42pm Dec 8, 2015 12:42pm
Quoting HighFivve
}
Cool thanks.....may I ask what are the green and red v on chart?[/quote]

I made wide spread climactic action red. I changed blue to green because the blue hurt my eyes. Blue (or Green) isn't significant it is more normalized volume.

RED - buy or sell climax type action - wide spread and high volume
WHITE - squat - small spread and high volume
YELLOW - no demand / no supply / tests
MAGENTA - heck I'm not really sure what this one is supposed to be TBH

You don't really need Better Volume. I just decided to play so some things stand out without distracting me.
Attached File(s)
File Type: pdf Better_Volume_Indicator.pdf   322 KB | 739 downloads
  • #27,393
  • Dec 8, 2015 3:36pm Dec 8, 2015 3:36pm
So I don't watch USDNOK very often anymore (even though I love the NOK). I wish I still did. This trade was very clearly telegraphed and I like to think I would have caught a couple of the entries.

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  • #27,394
  • Dec 9, 2015 5:10pm Dec 9, 2015 5:10pm
I played EURUSD both ways today....I tried for the short and wish I would have followed Pres78 or Intel and taken profit at 1:1. Instead I got BE+ a couple for spread. I reversed field when it became obvious buyers were entering in a big way with the trend (using the 15 min) and was able to catch 41 pips.

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  • #27,395
  • Edited Dec 11, 2015 9:05am Dec 10, 2015 9:03pm | Edited Dec 11, 2015 9:05am
EURNZD looks like accumulation and I'm watching for a Shakeout tomorrow and then a move higher.

Edit: I mislabeled Effort To Rise (ETR) as Effort to Fall (ETF). It failed which is is part of the reason I suspected a shakeout / spring before the move higher.

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  • #27,396
  • Edited 9:40pm Dec 10, 2015 9:25pm | Edited 9:40pm
Quoting TEB63
update- closing all my audusd trades had a boat load on TEB {image}

This type of post has no relevance to show VSA.
  • #27,397
  • Dec 10, 2015 9:37pm Dec 10, 2015 9:37pm
Quoting TEB63
lol I am sure this is all good stuff - but why is it in VSA thread? VSA deals with bars mostly - area 2nd Online Trading Academy (Supply and Demand) deals with area 1st and candles 2nd what you are doing is right out of there coarse. I also have the notes. For a number of reasons VSA works better with Forex Online Trading Academy stuff is better with stocks I just find your place to do this as confusing and will confuse people that's all I have to say This is nor VSA period Cheers

For Online Trading Academy (OTA), they have different modules for different instruments.

The Supply and Demand zones from OTA works better on Forex than on Stocks.

You must know that the chief trainer(SS) background in from real forex markets (not retail forex), and his background was not fro the stock market.
And it is SS who always advocate about his Supply and Demand zones over other technical analysis, and he did not utilise volume analysis.

I am not associated with OTA, just familiar with some of the basics they trained.

My post has nothing to do with VSA, just clearing up some confusion that you may caused with your above post.
  • #27,398
  • Dec 11, 2015 5:28am Dec 11, 2015 5:28am
Anyone at th traders expo today. Gavin and tom are doing the rounds. Any questions I should ask them.
  • #27,399
  • Dec 11, 2015 8:27am Dec 11, 2015 8:27am
Well boys there tou have it. Gavin says its key to have your way of finding areas to trade in order for vsa to work
  • #27,400
  • Dec 11, 2015 8:53am Dec 11, 2015 8:53am
Nailed it
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