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vsa with Malcolm

  • #27,681
  • Aug 5, 2016 4:21am Aug 5, 2016 4:21am
So here are my thoughts . Today we should see dollar weakness based on the dollar index. We had an ultra high volume up bar in the hourly yesterday

Remember 90 percent of the professional mobey knows the news days in advance of it coming out

Now due to this my strategy on Eu is wait for breakout of 1.1180, some form of retracement and a test for entry on a 15 min chart .
That's my trading plan for today .. If it does not work like that then no trade for me .
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Blogging daily now at www.volume.zone
  • #27,682
  • Aug 5, 2016 4:23am Aug 5, 2016 4:23am
Quoting malcolmb14
So here are my thoughts . Today we should see dollar weakness based on the dollar index. We had an ultra high volume up bar in the hourly yesterday Remember 90 percent of the professional mobey knows the news days in advance of it coming out Now due to this my strategy on Eu is wait for breakout of 1.1180, some form of retracement and a test for entry on a 15 min chart . That's my trading plan for today .. If it does not work like that then no trade for me . {image}
in agreement based on what I just saw on the dollar index .
Blogging daily now at www.volume.zone
  • #27,683
  • Aug 5, 2016 4:39am Aug 5, 2016 4:39am
Really messy EU chart but 1142 looks like its the line in the sand.
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Trust the Market
  • #27,684
  • Aug 5, 2016 4:40am Aug 5, 2016 4:40am
Quoting malcolmb14
just to get some discussions going I would love to hear other vsa traders thoughts on Eu prior to NFP I am bearish based on my earlier chart , not saying for a long term trend but maybe 100. The fact they are moving it up in London makes me even more bearish . Steve is bullish . Thats the way EU is right now but I would love to hear others thoughts
I'm just happy your phone is charging

But seriously, NFP should give us direction. I agree with Hawkins, I prefer to use VSA on high vol bars and trade the slow news days. For some people thats not immediate enough, but it works well for me.
Blogging daily now at www.volume.zone
  • #27,685
  • Aug 5, 2016 4:40am Aug 5, 2016 4:40am
Quoting malcolmb14
just to get some discussions going I would love to hear other vsa traders thoughts on Eu prior to NFP I am bearish based on my earlier chart , not saying for a long term trend but maybe 100. The fact they are moving it up in London makes me even more bearish . Steve is bullish . Thats the way EU is right now but I would love to hear others thoughts
I like bets...

Malc, I am mostly bearish, since there are some reference points below that should be dissolved before going upwards.
We have VPOC at 1,0993 weekly, VPOC at 1,1082 daily and a bunch unfilled hidden gaps below.

I use VSA and find it very helpful while trading intraday, but I hardly believe in VSA magic while trading weekly and monthly.

Best
D.P.
Hunting High and Low
  • #27,686
  • Aug 5, 2016 5:12am Aug 5, 2016 5:12am
Quoting TEB63
No one can teach anyone to trade
TEB you know I respect you, but here I believe is a little misunderstanding.

I don't expect that anyone teach me how to trade because I don't need to.

I just want to learn VSA, for a VSA - newbie like me (and any other) structured material on a daily basis by an experienced, current forex VSA trader will be of a great help.

That's all, no big things, couple of screens to understand more in shorter time. BTW - hope you won't stop throwing here (FF) screens with your positions, much appreciated.
  • #27,687
  • Aug 5, 2016 6:19am Aug 5, 2016 6:19am
Quoting Dr.Phoenix
{quote} I like bets... Malc, I am mostly bearish, since there are some reference points below that should be dissolved before going upwards. We have VPOC at 1,0993 weekly, VPOC at 1,1082 daily and a bunch unfilled hidden gaps below. I use VSA and find it very helpful while trading intraday, but I hardly believe in VSA magic while trading weekly and monthly. Best D.P.
A true gambler ... A betting man as well as a trader.

Talking of higher time frames , when I started with vsa was just prior to the tankage of the market on the s&p. I had no idea what I was doing in those days but I remember statement to my Dad " if this vsa stuff is really true go to cash as there is going to be a fall in the markets as volume has vanished on the weeky charts for months and all up moves are being hit with high volume indicating selling " . It does work .., once in a while , but as you said I do not hold much merit in it
Blogging daily now at www.volume.zone
  • #27,688
  • Aug 5, 2016 6:51am Aug 5, 2016 6:51am
Quoting malcolmb14
{quote} A true gambler ... A betting man as well as a trader. Talking of higher time frames , when I started with vsa was just prior to the tankage of the market on the s&p. I had no idea what I was doing in those days but I remember statement to my Dad " if this vsa stuff is really true go to cash as there is going to be a fall in the markets as volume has vanished on the weeky charts for months and all up moves are being hit with high volume indicating selling " . It does work .., once in a while , but as you said I do not hold much...


D.P.
Hunting High and Low
  • #27,689
  • Aug 5, 2016 6:55am Aug 5, 2016 6:55am
@malcolmb14 - so can anyone join this party? - please check your PM

Gotta be 5 years+ since I was last here, although I used to check the posts now and then.

Since I rember you saying "VSA can be used in many time frames" and Dr P "finds it helpful trading intraday" - as do others - I thought I'd post my use of Tom's work - on the 1 min TF!

I now only trade the Dax from 8am gmt for a couple of hours - why? - simply it provides the most consistant opportunites to trade off the short TFs. First hour's range usually just over 100 points and second hour's range a little under 100 pts - although not in August!.

To Volume and Spread I add Price Action (candlesticks) and Levels - Sweet Spots, Daily Pivots and Prior S&R levels.

I was out for the Dax's XO (8am) this morning, but here's the second two hours....several clear VSA + PA + Levels signals...

Time for a siesta before NFP - and yes, it does effect Dax if its out of line

Best

Islander
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Trading Levels with WRBs
  • #27,690
  • Aug 5, 2016 7:04am Aug 5, 2016 7:04am
Quoting Islander
@malcolmb14 - so can anyone join this party? - please check your PM Gotta be 5 years+ since I was last here, although I used to check the posts now and then. Since I rember you saying "VSA can be used in many time frames" and Dr P "finds it helpful trading intraday" - as do others - I thought I'd post my use of Tom's work - on the 1 min TF! I now only trade the Dax from 8am gmt for a couple of hours - why? - simply it provides the most consistant opportunites to trade off the short TFs. First hour's range usually just over 100 points and second...
Hello, Islander.

you are a rare guest these days in here (FF), I see.

D.P.
Hunting High and Low
  • #27,691
  • Aug 5, 2016 8:34am Aug 5, 2016 8:34am
Quoting Dr.Phoenix
{quote} Hello, Islander. you are a rare guest these days in here (FF), I see. D.P.
Hi Dr P - indeed, mostly I'm in Clive P's live Dax room with fellow index traders. Trust you are still banking a few
I notice that Dutchy Daxy has some interesting AMT charts in the Carpe diem thread - they reminded me of you

@M14 - nice call on
Trading Levels with WRBs
  • #27,692
  • Aug 5, 2016 8:55am Aug 5, 2016 8:55am
Quoting Islander
{quote} Hi Dr P - indeed, mostly I'm in Clive P's live Dax room with fellow index traders. Trust you are still banking a few I notice that Dutchy Daxy has some interesting AMT charts in the Carpe diem thread - they reminded me of you @M14 - nice call on
My friend,

1/ I unfortunately do not trade DAX. For a while...., I think. And now I know who is a PRO in this index.
2/ Yes, I am banking... Right now I am in two very nice shorts on GU and EU, falling along with them..
3/ How much does you room cost ?

Best
D.P.
Hunting High and Low
  • #27,693
  • Aug 5, 2016 9:09am Aug 5, 2016 9:09am
Quoting Dr.Phoenix
{quote} My friend, 1/ I unfortunately do not trade DAX. For a while...., I think. And now I know who is a PRO in this index. 2/ Yes, I am banking... Right now I am in two very nice shorts on GU and EU, falling along with them.. 3/ How much does you room cost ? Best D.P.

Its free - somewhere around this page is the info......PM me if you have a problem

http://www.forexfactory.com/showthre...86543&page=490
Trading Levels with WRBs
  • #27,694
  • Aug 5, 2016 9:22am Aug 5, 2016 9:22am
Quoting Islander
{quote} Its free - somewhere around this page is the info......PM me if you have a problem http://www.forexfactory.com/showthre...86543&page=490
Thank you I will check it out.

Please, check a PM a little bit late.
There is a Q to ask.

Best
D.P.
Hunting High and Low
  • #27,695
  • Aug 7, 2016 11:59pm Aug 7, 2016 11:59pm
MY thoughts on VSA.

Buy the USDJPY

!!
  • #27,696
  • Aug 8, 2016 2:57am Aug 8, 2016 2:57am
Quoting Sonofsin5
MY thoughts on VSA. Buy the USDJPY !!
Great to hear from you SonofSin5! Another old timer - all we need now is HiddenGap - where's he hiding?
Blogging daily now at www.volume.zone
  • #27,697
  • Aug 10, 2016 9:00am Aug 10, 2016 9:00am
It is awesome to see so many VSA heavyweights from this thread posting again!
  • #27,698
  • Aug 10, 2016 9:08am Aug 10, 2016 9:08am
oil

we see supply hitting the market .... last three days. Expecting a small ride down today...
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  • #27,699
  • Aug 10, 2016 9:09am Aug 10, 2016 9:09am
Quoting malcolmb14
oil we see supply hitting the market .... last three days. Expecting a small ride down today... {image}
Preemptive sell .. before the news .. will probably get my arse handed to me .. but I am convinced in what I see in the charts. (disclaimer I am wrong 50 percent of the time lol)
Blogging daily now at www.volume.zone
  • #27,700
  • Aug 10, 2016 9:24am Aug 10, 2016 9:24am
Quoting malcolmb14
{quote} Preemptive sell .. before the news .. will probably get my arse handed to me .. but I am convinced in what I see in the charts. (disclaimer I am wrong 50 percent of the time lol)
FWIW, I am short in Oil since yesterday. I think the downtrend should proceed... Let us see what the news bring.

k

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