Yes this late in the day with London 2 hrs from going home it could be tricky... The only reason I even looked at the first one is because it was only 22 pips from point 1-2...

How to use the 123 strategy effectively

EURUSD short — Not sure if anyone is pattern trading today with the US Holiday but there was a nice short set-up on EURUSD with exactly 2 bars on the retrace.

How to use the 123 strategy effectively

One Trade... — Took one trade today, just a quick in and out for 25 pips. Just couldn't resist the nice two bar reversal / hidden UT and then that pretty ND just above the PAL. I was looking for 36 pips for 2:1 but got out at 25 simply because ...

vsa with Malcolm

High volume, low spread... not sure if this is a VSA term or not.

vsa with Malcolm

That's part of my problem is that I was planning on starting 2011 with 5K in my account but after the birth of my second daughter Feb 9th and some juggling of the finances when reviewing what my spouse will be collecting on maternity leave I had to ...

vsa with Malcolm

Yes we are back at this same possible trigger level seen a few times over the last few weeks...

vsa with Malcolm

I would love to think that I may get there some day... seems so far away based on account size and the fact that I can only trade part time... but here's to hoping.

vsa with Malcolm

[quote=malcolmb14;4411673] I have a long term position that is works will net 250 to 300 k , much like the January 1000 pip run gave me. i will add 10 lots at specific areas. I also do small 40 pip to 80 pip day trade if there is a clear set up ...

vsa with Malcolm

BoB was the signer who performs / wrote the original... gotta keep a sense of humour and quick wit while working the market. No worries for me yet as I work fulltime and trade part time so if I fail so be it... so far so good, in the green every ...

vsa with Malcolm

Malc and Magix... — Since the week is drawing quickly to a close I was listening to the radio while trading and I heard that song by BOB and Rivers Cuomo called Magic and it got me thinking about this thread over the last few days so I ...

vsa with Malcolm

Ahh I see...

vsa with Malcolm

Malc was metioning the second bar identified which was that down bar which the spread appears to be larger than the previous 2 bars... Man I am so confused now... so many terms, so little time. I will have to add a disclaimer to my posts telling ...

vsa with Malcolm

Is the spread not too large to be a test? I saw it as more of a no selling pressure bar? Also it closed on it's low?

vsa with Malcolm

The increase in volume shows that the bar tried to test that trigger level and ended closing more towards the high showing buyers... What I looked at was that the volume when we approached this level to test it again this second time was lower than ...

vsa with Malcolm

I would consider that second bar no selling pressure because of its wider spread... tests will typically get into an unfair low and then close on the high. I have marked what I see as a low vol test of a stopping vol trigger level with green lines.

vsa with Malcolm

[quote=jsmanuse;4411811] Second... my first daughter will be 8 this year... crazy to be back into diapers after being away for so long.

How to use the 123 strategy effectively

Very... I've opened and closed this thread sveral times today because I thought I had accidentally entered the EURUSD thread by mistake.

vsa with Malcolm

That's what happened... my heart said sell but I couldn't find my multi-indicator to confirm it...

vsa with Malcolm

I was away from my computer at lunch but was able to add to my long off the pretty no supply marked with the red line (at 3630) when I got back. First entry today was around 3550 area...

vsa with Malcolm

Since... — Since we seem to be leaning more towards indicator based trading and less reliance on VSA I threw together a few indicators and may just copy write it... I call it the "Better Volume MACD Stochastinator"... copy write is pending...

vsa with Malcolm