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Attachments: vsa with Malcolm
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vsa with Malcolm

Quoting HiddenGap
Personally, I like the idea behind the trade.

The trend is down and you are looking to trade in harmony with the trend. This is what Wyckoff and Tom have called trading in the path of least resistance.

Losses are endemic to trading. They are the cost of doing business. You can't avoid them. The sooner you embrace the fact that there will be loss in trading, the sooner the abundance of the market will flow your way.

Now, I would prefer to see the No Demand at a trigger level or inside the range of the trigger bar. But again, the fact...
Thank you Hg for your reply!
Ya we might get there but I am short from 1.4320 again.........Hope it get to 1.4250

take care



Quoting PipPipPip
EU and GU is looking bullishly promising.

GL!

EDIT: possible we might see 1.4350-1.44 today through mid week for eu

eu, not es.
Quoting rocketor
yes....??/
and i am still waiting for answer for my simple question on this great thread..

p.s privius one was also ignored .
What about daily volume reliabity? If your brokers volume is reliable then it is so on any TF. VSA can be traded on any TF. Malc has suggested comparing similar days though more than day to day... such as comparing Friday's to Friday's etc... personally I don't look at daily much other than for a quick overall view at the end of each day just to see how the candles are building.

Or was it your first post? Futures I am told are easier to trade than spot FX as they are more regulated however I have only ever traded VSA on spot FX using my brokers volume (nothing paid for etc...). Volume is compared to the previous few bars when determining NS, ND, tests etc... however overall background and volume should be considered when taking a trade since it is not just one bar but a series of SOS or SOW that we are looking for to get long or short. I personally do NOT look at the moving average for anything more than a quick check to see if a bars volume is extremely high or low compared to average however usualy the volume spikes or drops that need to be watched carefully (as they represent SM action or lack of action) stand out with or without the moving average.
Today's zone = Tomorrow's opportunity!
Quote
What about daily volume reliabity? If your brokers volume is reliable then it is so on any TF. VSA can be traded on any TF. Malc has suggested comparing similar days though more than day to day... such as comparing Friday's to Friday's etc... personally I don't look at daily much other than for a quick overall view at the end of each day just to see how the candles are building.

Or was it your first post? Futures I am told are easier to trade than spot FX as they are more regulated however I have only ever traded VSA on spot FX using my brokers volume (nothing paid for etc...). Volume is compared to the previous few bars when determining NS, ND, tests etc... however overall background and volume should be considered when taking a trade since it is not just one bar but a series of SOS or SOW that we are looking for to get long or short. I personally do NOT look at the moving average for anything more than a quick check to see if a bars volume is extremely high or low compared to average however usualy the volume spikes or drops that need to be watched carefully (as they represent SM action or lack of action) stand out with or without the moving average.
Thanks mate i appreciate your help
Anyone who trades Aussie dollar, right now might be a good opportunity to take advantage at a great price imo. Price testing on 15m at decreasing volume.

GL.
EUR testing previous supply line.
Next supply at 4375. There's SOS of a ultra high volume shakeout just before. A potential long side.
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Quoting ivonivon
EUR testing previous supply line.
Next supply at 4375. There's SOS of a ultra high volume shakeout just before. A potential long side.
Obviously, there should be no doubt it is coming up. Btw this is my USD/CAD Long bias. Comment pls !!!

http://investdad.com/fbs/usdcad_daily.gif
EUR/USD chart....

http://investdad.com/fbs/eurusd_m15.gif
tempted to go short e/u lots of weakness around. must remind myself to trade with the trend. also if you take a trigger from 1 we are in that area
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Quoting ZootSuit
Everytime someone talks about trading with the trend even though vsa shows weakness or strength against it, I am reminded of the often misquoted "trend is your friend" cliche. Most people will say the trend is your friend but forget the rest of the quote which I feel is the more important part.

The full quote is "The trend is your friend... until it ends"

One more thing, before anyone corrects me on the exact wording please step back and realize they are both the same in spirit but my version sounds better.
trend never ends, it is up or down, always
I don't like your attitude most of us are here to learn, however it seems to me that you are just here to argue. On another note i did end up taking a short right after the failed test, 20 minutes later I noticed the test and NS right after that big shakeout and i decided to close the position when the stopping volume appeared.
Quoting ZootSuit
I don't know whether to laugh or sigh. Was that a serious reply? You do know what the quote is inferring right? There was no smiley or lol added in your reply so I am not sure.
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Quoting apple_sauce
I don't like your attitude most of us are here to learn, however it seems to me that you are just here to argue. On another note i did end up taking a short right after the failed test, 20 minutes later I noticed the test and NS right after that big shakeout and i decided to close the position when the stopping volume appeared.
Hi Apple, I like the chart you've posted. One question: isn't the first labeled WR bar on the left "buying climax"?

Thanks

Les_Paul
I took a long on GU today.

#1 - I interpreted that as a no supply, but it made a higher high so it could indicate no demand also. The next bar shows supply, but I didn't worry about it because the background was strong.
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I didn't take this trade on AU because that NS made a higher high, but the 30m chart just made a test when that bar finished and it showed no supply, so should have entered

And because I'm new to trade with triggers, can you confirm if that's a trigger level? It's the close of that bar with high volume.
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Quoting Jasus
I didn't take this trade on AU because that NS made a higher high, but the 30m chart just made a test when that bar finished and it showed no supply, so should have entered

And because I'm new to trade with triggers, can you confirm if that's a trigger level? It's the close of that bar with high volume.
you pointed out several good entries. i entered where you marked "SO to get the market rid of supply." Here, you were given several chances to take a low risk entry; it was testing that "SO" bar to the left, and failed to close below it.

GL!


Quoting PipPipPip
Anyone who trades Aussie dollar, right now might be a good opportunity to take advantage at a great price imo. Price testing on 15m at decreasing volume.

GL.
Quoting PipPipPip
you pointed out several good entries. i entered where you marked "SO to get the market rid of supply." Here, you were given several chances to take a low risk entry; it was testing that "SO" bar to the left, and failed to close below it.

GL!
Nice entry I usually don't enter on high volume bars, thanks for the suggestion
at the time the bar formed it was a potential buying climax, however we cannot call it a buying climax since price only rested and then continued up. MTM - "a buying climax marks the end of a bull market". In other words after a buying climax the trend has to change from up to down.
Quoting Les_Paul
Hi Apple, I like the chart you've posted. One question: isn't the first labeled WR bar on the left "buying climax"?

Thanks

Les_Paul
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Jasus
I took a long on GU today.

#1 - I interpreted that as a no supply, but it made a higher high so it could indicate no demand also. The next bar shows supply, but I didn't worry about it because the background was strong.
I just to add my opinion regarding the bar you labeled SO (shake out), I think that bar shows hidden potential buying it's not a shake out bar and not necessary means immediate strength, this time you had a stoping volume few bars after and the strength was confirm it's presence...if you take just that bar could very well continue down...
Thank's, sorin.
Hello! I have a question regarding tests. From what i understand tests must have a lower low lower high over the previous bar and close in the previous bar, no? And be down bars preferably. My question is can a test have lower low and higher high and close in the previous bar (some sort of engulf thing but not quite because it closes in the previous bar)?
Quoting s7c
I just to add my opinion regarding the bar you labeled SO (shake out), I think that bar shows hidden potential buying it's not a shake out bar and not necessary means immediate strength, this time you had a stoping volume few bars after and the strength was confirm it's presence...if you take just that bar could very well continue down...
Thank's, sorin.
I think it's a shakeout because it was on an uptrend and it a very wide spread down bar with high volume and the next bar up. MTM shows a shake-out like that, on the dow jones industrials at 1987 crash. Yes prices could continue to go down but it showed more buying in the next bars, and that's why I wait for some up bars and then enter on a test/NS.
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