vsa with Malcolm

Didnt trade either of these, I focus on gold/oil futures these days.

But 2 great setups on UJ and both essentially the same setup.

Red setup with confirmed stopping volume then followed by a confirmed hidden test.

Yellow is exactly the same confirmed stopping volume and a confirmed hidden test.

VSA is in the details..

Not the cleanest setup..

But its there.

Hey LO, I think there's a thread on traderji.com "Nifty trading with VSA"

इतना सन्नाटा क्यों है भाई?

Woke up to this freakish gap up, a massive gain of 500+ pips from the first entry on the chart I posted last nite, when I checked the news it was a reaction to interest rate cuts.
http://www.smh.com.au/business/marke...11-ghl82l.html

This explains why SM was so bullish on GBP-NZD they knew well in advance of this rate cut, only if I had known

The area marked with that rectangle is what we were discussing last nite(IST), Price didn't move below that trigger line.

In the attached chart, I found one entry point based on VSA principle. It was a down bar with volume less than the previous two bars. However, the entry seems to be too late. Can anyone find an earlier VSA entry point on the chart ?

If only looking at the 5m there may be a few, like so.
5m

Thank you hiero for your feedback. Locationwise I like the third entry on your chart the best cause by then the m5 trend already reversed, while the first two entries were still in a down trend. Just have a question here, can a test bar be an up bar ?

Yes the 3rd entry (lvt) is a very safe entry. Resistance has become support and there was just a reversal of sorts, right where that NS was previously. Test imo, can be up or down candle it doesn't matter, its the shape and where they are at and the background that matters, and most importantly, what the next candle happens to be.

Same basic idea here. I took this but took profit at the top of range, didn't get the whole run up.
5m

I learned something today. Thanks !

I got interested in this pair after that lil effort you see on your left, was it time to take the plunge? no not me I wanted some more confirmation, I call it the deal-maker & there it appeared after some time

just look at the bar right after the DM, I heard it shout "get in before you miss the bus".

there's an overhead at 1.05500 so keep any eye on this pair.

Since Malcolm no longer drops in, I have to ask others this question. Attached is a chart posted by Malcom back in 2011. It is a monthly chart for 6E, the euro future, from 2004 to 2011. Does anyone know how he got years of data on one chart for 6E ?

If the last chart I posted didn't make any sense than this one should.

See chart, very nice setup.

Trading plans, ehhh I know.

Thing they are important and a big key to anyone's success, especially long term success.
What have you guys find is best in a trading plan for such a subjective, judgemental way
of trading? GO

You still have certain rules or guidelines you will follow.. even though they can be subjective and judgmental.. Subjective being relative to YOU.. They fit what you do, as it relates to the the market, as YOU see it.

1) Following YOUR rules as laid down in the plan.

Trading Log.. This will allow you to see if YOUR rules, subjective and judgmental as they may be, work? Humans are pattern orientated, hence market are pattern orientated.. Algorithm's are based on patterns. So in the plan you execute you trades and record the reactions in YOUR trade log.

2) Record all YOUR actions and reactions in the trade log.

Over time you begin to see what you are doing correctly, where you get shaken out, what works and what does not, changes in market personality and your personality. As this will take time ( my first goal was 12 months ) you will be amazed!... I still, to this day, produce a very detailed trade log on every trade I do.

Sadly, almost all will not go to this length to become successful.. IMHO

Just my 2 pips worth

TSD

Thanks for your input and its perfectly true what you say about most wont do this effort.
My best trading has come when I had a plan, but I then seem to get lazy or stray from this plan.


So if anyone would like to join me in starting a mastermind group and holding each other accountable,
brainstorming trading plans and loging ideas. Pls message me.

Thanks

My log is simple but keeps me from overtrading (mostly) because I have to write all my trades out etc. I believe in guidlines and have a detailed one but the more my trading evolves the more I realize I will never follow a strict trading plan all by itself.

If you don't make it as a trader you can always become a doctor, with hand writing like that

Yeah thats great stuff, I have some ideas and principles I know work in a trading plan. I find a
trading plan is a journey in itself.

I am still working on mine now. If you ever get tired of writing. Learn how to use evernote, a very
powerful program once you take the time to learn how to use it fully.

Thanks for sharing.