questions - dp = ?
and would you be so kind as to explain why you waited for the 3rd ut to get in? (I'm thinking it's got something to do with this mysterious abbreviated dp
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DislikedThanks HG. Hadn't heard of Tom W's principle around entering short on ups and long on down bars. I might try filtering my entries with that idea in mind. Of course this would mean one misses those situations where the move happens straight after the upthrust or stopping volume.Ignored
DislikedThank you so much for the kind words. They really do mean a lot to me.
I need to let go of what Gavin said in his webinar. It just kind of hurt me. While he did not mention me by name, to say that this thread does not teach real VSA was a slap in the face......Ignored
DislikedRecently I have been vacillating between the use of VSA and Price Action as my way of using volume doesn't meet VSA criteria-I use one timeframe and a 5 minute timeframe at that. Anyway, I still drop in from time to time to see what’s up. I saw this as an interesting question and a way to "practice my skills". Therefore understand that this is all after the fact and its value is up to the individual reader.
There is a lot of weakness in this area. When weakness appears, it does not simply disappear one or two candles (bars) later. On to...Ignored
DislikedHas anyone tried using VSA on futures ie bond and equity indexes? If so, what has your success been on it?
BTW this is an absolutely great thread and a big eye opener for me.Ignored
DislikedHI Malcomb
I see that you also use esignal. Can i just ask what indicators you are using on your charts?
ThanksIgnored
Dislikedesignal I use better volume indie , a volume profile / value area indie / murray mathlines , jma and rsx ( both by jurik)Ignored
DislikedTo be honest, as I see it, there is no difference when using volume and price action.
However the type of price action trading I was referring to is more the Japanese candlestick pattern (non volume based) trading type. But I wont go into that here.
I will make an observation of price action and vsa. Take a look at the chart I posted. I did not mention the fact that each up thrust (is making a lower high). That is a Price Action observation (Lower highs) and deals with market structure. But I think it is pretty important, if not basic,...Ignored
DislikedHere's a couple of charts with examples of immediate reactions to upthrusts (in contrast to moves that occur after confirmation by no demand bars or lack of interest in prices moving up following an upthrust).
GJ-VSA-1
A and B look like 2 bar reversals with immediate moves after. C and D are upthrusts with D probably being a little better formed. I took the trade two bars after D (which is in my opinion, late, but that's when I saw it). But all the moves on the chart looked like reasonable VSA setups to me and all could have been profitable...Ignored
DislikedDude,
You are the master, I have print outs of your posts strewn madly all around the house. Its all gold and has helped me immensely... been a disciple since the first post.
Thanks, and keep it up. Good trading is good trading.
MMIgnored
DislikedHi F451.
I have attached a chart of the GBP/JPY.
Before I get into that let me say that there will always be moves that are missed. It is a fool's game to try and catch every turn and every pip of a chart. You can narrow your focus a bit and you will still find that while there are missed moves, opportunity continually presents itself.
On to the chart:
The area you marked as A, I do not see as stopping volume. To be sure, it stops a down move, but I would not call that candle a true stopping volume candle. I could be wrong.
Area (B): Here...Ignored
Disliked.....now a quick question about where i got confused: KRB...previous your statement was " makes a lower low than previous candle, opens higher than the close of the previous candle and closes above both the previous close and its open" and in this post your definition is a little different, can you explain these? thanksIgnored
DislikedTook this Yen trade after the MeltDown last Thursday... Hope everyone made money on that.
Still open.. Current ROI 103%
Gawd I love irrational markets !
ChiefIgnored
DislikedTook this Yen trade after the MeltDown last Thursday... Hope everyone made money on that.
Still open.. Current ROI 103%
Gawd I love irrational markets !
ChiefIgnored
DislikedNice charts man... do you post this stuff real time? Or after the fact analysis. Im asking cos i dont know... not cos im trying to be patronising.
Thanks
MMIgnored