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vsa with Malcolm

  • #27,621
  • Jul 27, 2016 7:03am Jul 27, 2016 7:03am
Quoting malcolmb14
{quote} U FOR EVERYONE ELSE ... Big WHAZZZZZUUUUUP from sunny Kuwait .... where the temperature hit 54 deg c the other day
Hi Malcolmb,

So glad to see your new post at your old thread ! Welcome back. Isn't it amazing that this thread never dies !
  • #27,622
  • Jul 27, 2016 7:12am Jul 27, 2016 7:12am
The thread will never die as long as the market is there and volumes are available as an indicator.

I still trade .. but much less time these days. Just looking to higher time frames for the set ups and then entering on a 15 min. Give me much more freedom and less screen time.
Blogging daily now at www.volume.zone
  • #27,623
  • Jul 27, 2016 7:55am Jul 27, 2016 7:55am
Quoting malcolmb14
The thread will never die as long as the market is there and volumes are available as an indicator. I still trade .. but much less time these days. Just looking to higher time frames for the set ups and then entering on a 15 min. Give me much more freedom and less screen time.
i have spent around 2 years of my life, watching your post and this thread. can i ask if you already have your yatch to go to Monte Carlo ?
Know yourself before fight with the market.
  • #27,624
  • Jul 27, 2016 8:29am Jul 27, 2016 8:29am
I have one of those mega yachts that has a dock on it for my smaller yacht.

I took some time off in recent years. I got way to obsessed with trading, took a step back and focused on the family life, my young biy. Now ready to come back stronger than ever.

Sometimes life is not all about making money.... but having enough to survive.

A yacht is something you can buy .... time is something you can never recover once it is lost no matter how much money one has : ).

I changed to higher time frames , and less trading .. only trade the good ones but go big
Blogging daily now at www.volume.zone
  • #27,625
  • Jul 27, 2016 8:32am Jul 27, 2016 8:32am
Something interesting brewing before FOMC ... last one hour of EU high volume up bar

Steve and myself have been seeing some distribution over the last few days. Both of us seeing signs of weakness. However I have never loved trading around the FOMC
Blogging daily now at www.volume.zone
  • #27,626
  • Jul 27, 2016 8:37am Jul 27, 2016 8:37am
I can understand what you mean , totally I don't have a baby's yet , only my gf but I have spent Many hours of my life behind the monitors! I'm glad of see you here , also I never posted before and just opened account couple days ago. But I have checked every page of this thread .

Vsa is amazing , also the long way to understand it's impressive . See you
Know yourself before fight with the market.
  • #27,627
  • Jul 27, 2016 10:09am Jul 27, 2016 10:09am
Talking about clean setups. SP500 needs only a wide spread down bar on the right side of the trading range to confirm distribution (FOMC is likely going to give us that....maybe with an upthrust before that though), then a retest on no demand to the previous support can be taken as a high probability short setup.
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Price and volume reveals everything. The market moves on supply and demand.
  • #27,628
  • Jul 27, 2016 10:18am Jul 27, 2016 10:18am
And a big WHAZZZZZUUUUUP back to you Malc!! Looks like there's still a few of us following this 6 year old thread. Glad to hear from you again.
If price is king, then volume is the power behind the throne.
  • #27,629
  • Jul 27, 2016 12:10pm Jul 27, 2016 12:10pm
Welcome back, malcolm!
  • #27,630
  • Jul 27, 2016 12:29pm Jul 27, 2016 12:29pm
Dr G May be able to comment on that as he is the ES trader . But there seems to be a correction coming based on your chart



Quoting Davin
And a big WHAZZZZZUUUUUP back to you Malc!! Looks like there's still a few of us following this 6 year old thread. Glad to hear from you again.
Blogging daily now at www.volume.zone
  • #27,631
  • Jul 27, 2016 8:50pm Jul 27, 2016 8:50pm
Quoting malcolmb14
Something interesting brewing before FOMC ... last one hour of EU high volume up bar Steve and myself have been seeing some distribution over the last few days. Both of us seeing signs of weakness. However I have never loved trading around the FOMC
Looking forward to seeing some posts from you in the future.

Can I ask what you think of the euro brexit bar from June 24th? Leaning more towards stopping volume or absorption to the downside?
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Trust the Market
  • #27,632
  • Jul 27, 2016 11:24pm Jul 27, 2016 11:24pm
Quoting malcolmb14
{quote} Trade set ups are not always there, so to manage the risk trade only the clear ones.. even if its only once a month.

Focus on one or two things Ever tried to spread yourself thin at work ? ..you will never do a good job. Trading is the same thing . Study one or two pairs and look for the sets ups.

just the mantras I needed, thanks!
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,633
  • Edited 2:25am Jul 28, 2016 2:14am | Edited 2:25am
EU has been trending up today, long off no selling pressure. Up move seems to be supported with increasing volume.

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Partial TP at 1.11079 no TP on the rest of the position.

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Trust the Market
  • #27,634
  • Jul 28, 2016 11:17am Jul 28, 2016 11:17am
Quoting malcolmb14
{quote} TEB .... There is not magic to trading profitably. It is like everything in life .. to learn VSA takes dedication and time to study. In my time as a trader I have learnt the following things: 1) Patience. You do not have to be in the market every day. This week has been sideways movement in the EURUSD for example. Good time to study the higher time frames on the Iphone while sitting on the beach, and if something becomes interesting then you get in fornt of the computer to look for entries on a 15 min chart ( I do not trade on time frames...



Hi Malcomb1

good to see you on here. I hope you post charts and trades!!
I like a lot of what you say!

but 4 things I do a little different.
(1) I watch a lot of pairs- I cheat (lol) and I use a kind of scanner it works 4 out of 5 days.
I watch all the main and crosses - I watch oil as well

(2) sometimes like today my scanner doesn't work
then I just watch the 6 main and Aud/Jpy eur/jpy and eur/gpb and oil

(3) I find a trade almost every day - 19 out of 20 ( I often take off NFP and holidays)

(4) I use the 3 min chart in a fast market for entries. I am now only trading in fast market.

cheers

TEB
  • #27,635
  • Jul 28, 2016 11:13pm Jul 28, 2016 11:13pm
Teb .




Each trader has his or her style . As long as it works for you. Having profit by the end of the year is what counts . What I have found has been working for me is trading the very clear set ups . Sometimes I can get an entry where my stop only needs to be 30 pip and may target 100 pip . The entry is normally off a 15 min chart

I will post more often starting mid August and will be blogging on our blog along with Liam, Dr G and Steve .

Oil is great right now. I do not trade it much but this week have been selling any weakness as the daily , 4 hour trend is down
Blogging daily now at www.volume.zone
  • #27,636
  • Jul 29, 2016 12:57am Jul 29, 2016 12:57am
EURUSD

There was an SOS on the FOMC , however over the last trading day there has appeared some signs of weakness in the charts. I am not biased either way as we are in this sideways channel on EURUSD . However with the signs of weakness ( high volume up bars that moved the market sideways) I will be looking for further signs of weakness today.

What will change my thoughts today is if we move lower during London and see further signs of strength on a 15 min.

My reason for looking for further SOWs in todays trading session:

1. up bar closing off the lows .. high volume that moved the market sideways = professional sellers
2. An inverted hammer with a small body and high volume , with high at approximately the close of the bar seen at 1 = more professional selling
3. BOJ news ... very high volume again in the Asian session with a lower high than seen at 1 and 2

Bias for London ... looking for any further signs of weakness to trade down into 1.0965 area

Remember right now EURUSD is in a very confined range so 30 to 40 pip trades are my target .
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Blogging daily now at www.volume.zone
  • #27,637
  • Jul 29, 2016 4:29am Jul 29, 2016 4:29am
no convincing entry and eu still seems to be in up trend on 15 , even though I am seeing some weakness on the 1 hour

There is no convincing buying either .. confirming potential weakness , however I am not getting any confirmation yet form a good VSA set up.
Blogging daily now at www.volume.zone
  • #27,638
  • Jul 29, 2016 4:48am Jul 29, 2016 4:48am
followed the daily trend and watched the strength, I went long on the break of that hidden test.
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Trust the Market
  • #27,639
  • Jul 29, 2016 5:03am Jul 29, 2016 5:03am
Its not all fun and games.

Shorted the break of the ND and got stopped out.
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Trust the Market
  • #27,640
  • Jul 29, 2016 5:39am Jul 29, 2016 5:39am
EURUSD .. NO demand on a 30 min chart just showed up at prior selling level .. confirming weakness again
Blogging daily now at www.volume.zone
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