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vsa with Malcolm

  • #28,581
  • May 2, 2017 5:29pm May 2, 2017 5:29pm
Quoting Whatsmyname
{quote} Thanks for your clear answer. It makes sense to wait for the higher timeframe to change and go in line with the higher timeframe. I seem to put more emphasis on the no demand bars rather then look for high activity. The up move was on low volume (referring to the daily). This makes me get interested as I doubt that a bull move can sustain on low volume. Apparently a move up can last longer than you think.
A decline in prices can begin when the pair meets supply or when demand is diminishing.. both provide warnings that the rally is nearly completed. Whoever, I think ample supply is considered to be a stronger signal of weakness because if rally is being stopped by supply that means supply is actually trying or taking control of the market. On the other hand, if a rally is being stopped by a withdrawal of demand then the supply is not automatically in control: buyers are simple in question if they will or not participate at this time, they can come back later when the prices decline a little to buy more (and if thats happens you probably gonna be stopped out).

Please keep in mind thats just how I trade, I am not saying that u cant trade against the trend.. some people that use vsa trade against the trend sucessfully, thats personal but remember: forex is the best trending market for a reason, in the most of the times trend will continue, thats why I trade in synthony with the trend.

About the EURNZD I gotta agree.. there are signals of weakness in the background and prices are declining, looks like distribuition to me
  • #28,582
  • May 4, 2017 5:27am May 4, 2017 5:27am
Quoting odines
{quote} A decline in prices can begin when the pair meets supply or when demand is diminishing.. both provide warnings that the rally is nearly completed. Whoever, I think ample supply is considered to be a stronger signal of weakness because if rally is being stopped by supply that means supply is actually trying or taking control of the market. On the other hand, if a rally is being stopped by a withdrawal of demand then the supply is not automatically in control: buyers are simple in question if they will or not participate at this time, they...
It seems there is enough demand to drive prices back up to the swing high. I'll keep an eye on how price volume behaviour at the swing high.

I noticed you use better volume and (if I am not mistaken the hull) indicator. Are you using the better volume indicator provided by rinehart? He seems to have made some modifications. Have you tryed the HiddenGap indicator and decided to use better volume?
Never stop to learn
  • #28,583
  • May 4, 2017 5:49pm May 4, 2017 5:49pm
Quoting Whatsmyname
{quote} It seems there is enough demand to drive prices back up to the swing high. I'll keep an eye on how price volume behaviour at the swing high. I noticed you use better volume and (if I am not mistaken the hull) indicator. Are you using the better volume indicator provided by rinehart? He seems to have made some modifications. Have you tryed the HiddenGap indicator and decided to use better volume?
Ye EURNZD still be marking up.. good setups take time to develop. About the indicators I use 20 sma for trend and better volume indicator (idk which version and the only volume indicator that i've used).. honestly I don't even pay attention to the colors on better volume lol, I think I can just remove it and use regular volume indicator..
  • #28,584
  • May 5, 2017 3:17am May 5, 2017 3:17am
Do someone decide to open trade or do not, depends on SL. I mean if it too big, so no reason to open trade, cuz it will be too hard to reach TP, even if its nice signal.
If yes, so im interesting how do you determine "big SL". Using adr? I personally determine it by my eyes, but sometimes they fail)
  • #28,585
  • May 8, 2017 10:12am May 8, 2017 10:12am
Quoting LuckyMind
Do someone decide to open trade or do not, depends on SL. I mean if it too big, so no reason to open trade, cuz it will be too hard to reach TP, even if its nice signal. If yes, so im interesting how do you determine "big SL". Using adr? I personally determine it by my eyes, but sometimes they fail)
Its all about risk vs reward.. usually big sl means big tp, so thats should not be a problem. Otherside, if you have a big sl and a small potential reward thats shouldnt be a good opportunity to trade. I determine sl levels by my eyes, but im trying to find a atr trailing stop ea to let the profits run..
  • #28,586
  • May 9, 2017 11:47pm May 9, 2017 11:47pm
From the horses mouth, Dr.Hank Pruden explaining phases, enjoy

Inserted Video
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #28,587
  • May 10, 2017 12:24am May 10, 2017 12:24am
just a small trade I wanna share with you, now what do we see here is a shortening of thrust (SoT) & tis followed by an up bar (actually a VSA no demand bar) but it also pushed prices back in to the range good lord! is it a spring??? & all this action happening on thin ice (support).

when you are getting ready to short, an SoT & a spring is the last thing you want to see. what happened next is nothin happened, there was no follow through (demand)

the no-demand we see 3 bars later was the best & safest place to short.

well thats all I've got ladies *bows down*

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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #28,588
  • May 16, 2017 8:06pm May 16, 2017 8:06pm
I have been long pound for a while and will continue to hold for a 1.3 Test.
I thought I would share some thoughts as to why the top is not in.
Buying on intraday dips until weakness shows on the daily is my plan.
IMHO
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  • #28,589
  • May 18, 2017 9:44am May 18, 2017 9:44am
Quoting Sonofsin5
I have been long pound for a while and will continue to hold for a 1.3 Test. I thought I would share some thoughts as to why the top is not in. Buying on intraday dips until weakness shows on the daily is my plan. IMHO {image}
1.3 Gone.
  • #28,590
  • Jun 6, 2017 12:20pm Jun 6, 2017 12:20pm
Watching the GBPJPY pair looking for a move on the daily back down to support at around 136, I'm waiting for a good entry to get short.Attachment gAttachment g
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  • #28,591
  • Jun 8, 2017 5:20pm Jun 8, 2017 5:20pm
Clear Entry today in GBPUSD
Know yourself before fight with the market.
  • #28,592
  • Jun 9, 2017 2:17am Jun 9, 2017 2:17am
Quoting Autrader
Clear Entry today in GBPUSD
Where?
  • #28,593
  • Jun 9, 2017 3:57am Jun 9, 2017 3:57am
Quoting 1pipperhour
{quote} Where?
Today it touched big support, and now can pop upside. My TP for long will be 1.3220, but i still don't have long position. Maybe after speech.
  • #28,594
  • Jun 9, 2017 5:52am Jun 9, 2017 5:52am
Quoting karolisl
{quote} Today it touched big support, and now can pop upside. My TP for long will be 1.3220, but i still don't have long position. Maybe after speech.
I'm not going anywhere near it today. Longs? No way. Just holding open shorts on a short leash. That's it.
Technicals not working at the moment, entering new positions would be pure gambling.
Anyway, good luck you all.
  • #28,595
  • Jun 9, 2017 5:59am Jun 9, 2017 5:59am
Quoting Vcv13
you guys heard about this? "The trading robot developed by Aidyia ingests vast amounts of information, including news and social media, and uses its reasoning powers to recognize connections and patterns in the data. It then uses those patterns to make predictions about the market, which it translates into buy and sell ordersall without any direct human involvement." https://qz.com/389647/artificial-int...eking-an-edge/ What if softwares like Tradeguider starts using artificial intelligence?...

Computers are ALREADY the smart money, they called them "algorithms", welcome to the new age , computer or human they wont hide the volume learn to trade it and you trade anything.

Cheers.
  • #28,596
  • Jun 11, 2017 11:25pm Jun 11, 2017 11:25pm
Is any Australian trader watching this forum?
Know yourself before fight with the market.
  • #28,597
  • Jun 12, 2017 3:17am Jun 12, 2017 3:17am
short gbpjpy triggered
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Know yourself before fight with the market.
  • #28,598
  • Jun 12, 2017 3:18am Jun 12, 2017 3:18am
deep scalp
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Know yourself before fight with the market.
  • #28,599
  • Jun 12, 2017 3:32am Jun 12, 2017 3:32am
closed now
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Know yourself before fight with the market.
  • #28,600
  • Jun 13, 2017 8:49pm Jun 13, 2017 8:49pm
Chart dump. Thread bump.

I hope at least some of you have been trading GBP the last couple of days...........

Also just wanted to say, make sure you're taking a look at TEB63's thread. He's doing awesome work.
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Without VSA, you're playing checkers while the Smart Money plays chess.
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