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vsa with Malcolm

  • #27,461
  • Mar 7, 2016 6:17am Mar 7, 2016 6:17am
Gets interesting around the 23 minute mark.

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  • #27,462
  • Mar 16, 2016 6:26pm Mar 16, 2016 6:26pm
Hello,

I want to ask what brokers do you use/recommend for MT4 volume feed. I've been using demo FXCM for a good while now but today something got messed up, volume abnormaly low, every TF, see attached screenshot. So I started so search for an alternative to FXCM, I know IBFX had good feed but they are out of business now. Everything else I found had too different volume levels compared to FXCM history.

Thanks in advance!
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  • #27,463
  • Mar 17, 2016 9:13am Mar 17, 2016 9:13am
So i use both fxcm mt4 demo and fxcm trading station, and oddly the large marked bar is high volume on their trade station however not on mt4. can't trust these forex volumes.
  • #27,464
  • Mar 17, 2016 4:15pm Mar 17, 2016 4:15pm
Open more than one demo account so you can compare. I am using FinFX at the moment, but also have Alpari, FXDD, Peperstone, FXCM. Just have demos installed and open the same charts you are using And scroll through them from time to time. Of course I don't have all of them open at the same time. Two is usually enough.
I agree that tick data could be better in all but ESignal is just too expensive for most retail traders to use.
  • #27,465
  • Mar 18, 2016 5:52am Mar 18, 2016 5:52am
If you're really looking for reliable then Sierra Chart is a great option. Yes it's paid but it's not a lot.
  • #27,466
  • Edited 10:56am Mar 18, 2016 6:54am | Edited 10:56am
Thank you all for your replies. I sort of fixed the problem by opening demo on US server, I was on UK server until now. Downside of US server is that it doesn't offer feeds for $ index/indices/metals/oil or anything else except fx pairs.

KinsaleForex, good to know, unfortunately I can't afford to pay for anything at the moment, I'm just trying to learn and I trade cents
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  • #27,467
  • Apr 21, 2016 8:35pm Apr 21, 2016 8:35pm
Quoting imranghani
anybody have tradeguider vsa plugin... or mt4 indicator ??????
Imitation is the sincerest form of flattery.

With Sierra Chart and no programming knowledge, you can create your own personal TradeGuider template.

Sure, you won't have the SOSs or SOWs, but you can learn to read the bars. Especially given the fact that you have access to the likes of Pres78, KinsaleForex, and of course, Malcolm.

Do you see the High volume on the UP bar with the next bar DOWN (confirmation)? Then do you see the change in behavior followed by a lone UP bar on volume less than the previous two bars (No Demand)? Short term and intermediate trending systems are bearish and the volume gauge is also bearish.

Do you see the High volume Shake Out that gets tested and confirmed while the volume gauge is signaling a bullish bias? Then do you see price move above the BPL and Chart mode turn green, followed by a Hidden Test on volume less than the previous two bars?

Anyway, you can certainly create a tradeguideresque looking trading chart if you want.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,468
  • Edited 12:58am Apr 22, 2016 12:41am | Edited 12:58am
.... or

you can create your own:

(How much is the tradeguider software worth? ... )

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  • #27,469
  • Apr 23, 2016 5:57am Apr 23, 2016 5:57am
I have a question for some of the senior members.

I think GBPAUD has been accumulated, because of the down move and the double bottom. The last two days price has been moving up on big volume. Is this absorption?
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Trust the Market
  • #27,470
  • Apr 24, 2016 11:27pm Apr 24, 2016 11:27pm
Quoting HiddenGap
{quote} Imitation is the sincerest form of flattery. With Sierra Chart and no programming knowledge, you can create your own personal TradeGuider template. Sure, you won't have the SOSs or SOWs, but you can learn to read the bars. Especially given the fact that you have access to the likes of Pres78, KinsaleForex, and of course, Malcolm. Do you see the High volume on the UP bar with the next bar DOWN (confirmation)? Then do you see the change in behavior followed by a lone UP bar on volume less than the previous two bars (No Demand)? Short term...
Looks good enough for me...

Quoting Hawkins
I have a question for some of the senior members. I think GBPAUD has been accumulated, because of the down move and the double bottom. The last two days price has been moving up on big volume. Is this absorption? {image}
Don't forget to observe the price and volume action after a possible absorption bar, this can sometimes take a couple of bars for more clarity. Though I'd rather see what kind of volume/proxy volume (a.k.a. tick volume) activity occurs in the circled area, perhaps it will retrace a bit there. But that's just me, I don't trade GBPAUD so I don't know its tendencies...
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  • #27,471
  • Edited 3:33am Apr 25, 2016 3:08am | Edited 3:33am
Quoting Aad
{quote} Don't forget to observe the price and volume action after a possible absorption bar, this can sometimes take a couple of bars for more clarity. Though I'd rather see what kind of volume/proxy volume (a.k.a. tick volume) activity occurs in the circled area, perhaps it will retrace a bit there. But that's just me, I don't trade GBPAUD so I don't know its tendencies... {image}
I think I understand what you're saying.

Basically in the area you circled there would be more sellers and more of a reason to have absorption volume than the areas I noted.

Thank you for your response
Trust the Market
  • #27,472
  • Apr 26, 2016 12:27am Apr 26, 2016 12:27am
Not sure if I am reading this correctly. Just watching and trying to learn something from it.
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Trust the Market
  • #27,473
  • Apr 27, 2016 9:41pm Apr 27, 2016 9:41pm
Just following up with GBPAUD.

There was a nice push up from what I think is accumulation on H4. M30 shows some signs of weakness, maybe this weakness is to push price down so that more long positions can be bought?
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  • #27,474
  • May 3, 2016 2:21am May 3, 2016 2:21am
is there anything like hidden no-demand (a down bar as no-demand)?
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,475
  • May 3, 2016 5:48pm May 3, 2016 5:48pm
Quoting Vcv13
is there anything like hidden no-demand (a down bar as no-demand)?
There aren't hidden NS/ND, but there are hidden tests.

Hidden test you need to have very clear weakness in the background and you want the test to close on the low with just about the entire test bar below the close of the previous bar. Same concept for bullish setups just reverse.

But to be honest with you, playing setups with hidden potential selling and/or hidden tests are riskier, either play with reduced risk or skip them completely.
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  • #27,476
  • May 3, 2016 9:22pm May 3, 2016 9:22pm
Long off a hidden test.

Edit: Took off 1/2 at 1:1, looking to TP at .7500
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  • #27,477
  • May 3, 2016 11:15pm May 3, 2016 11:15pm
Too bad this thread died, VSA works if you're patient.
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  • #27,478
  • May 4, 2016 3:27am May 4, 2016 3:27am
Hi Albern! what's your take on no-supplys makin higher high (than the previous bar's high) & no-demands makin lower low (than previous bar's low)???
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,479
  • May 4, 2016 4:06am May 4, 2016 4:06am
I think you will miss a lot of valid setups by putting too many rules on it.

One of the things Tom Williams repeats is "Don't try to be too clever", in other words don't overthink it.
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  • #27,480
  • May 4, 2016 5:01am May 4, 2016 5:01am
Quoting albern
I think you will miss a lot of valid setups by putting too many rules on it.


friend, you won't get picture perfect no-demands & no-supplies.

anyway, Guru Tom has identified bar G in the below chart as a no-demand, don't look like an up-bar to me.

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The loss was not bad luck. It was bad Analysis - D.Einhorn
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