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Attachments: vsa with Malcolm
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vsa with Malcolm

EURAUD - 5 min NBP into the low of the 1HR HVZ from yesterday. Felt good taking it as I can get 1.5:1 even if we can't break 1.65. My ultimate target is for 5:1 which is around 1.6467.
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Today's zone = Tomorrow's opportunity!
Quoting pres78
EURAUD - 5 min NBP into the low of the 1HR HVZ from yesterday. Felt good taking it as I can get 1.5:1 even if we can't break 1.65. My ultimate target is for 5:1 which is around 1.6467. {image}
Waiting to see how we react at 65
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Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} Waiting to see how we react at 65 {image}
Bounced so I closed for around 1:1 as we are heading back to that HVZ low from yesterday again.
Today's zone = Tomorrow's opportunity!
Quoting pres78
EURAUD - 5 min NBP into the low of the 1HR HVZ from yesterday. Felt good taking it as I can get 1.5:1 even if we can't break 1.65. My ultimate target is for 5:1 which is around 1.6467. {image}
Can you show your 1 hour chart please I loo into different brokers and today price did not touch yesterday's zone

Thanks
Kind regards
Quoting Frag8383
{quote} Can you show your 1 hour chart please I loo into different brokers and today price did not touch yesterday's zone Thanks Kind regards
I assume the WRB was your broker's highest volume?
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Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} I assume the WRB was your broker's highest volume? {image}
yes in IC markets and fxcm the big bar before was the biggest volume

Kind regard
Quoting Frag8383
{quote} yes in IC markets and fxcm the big bar before was the biggest volume Kind regard
In hindsight I was lucky anyway as I didn't have the LO zone from today on my chart (which at the time was my highest volume today)... if I had it on my chart I most likely would not have taken the trade as the H was just below my entry. That said even if I had taken it I would have only targeted 6500 as that level was right at 50% of that LO zone 1hr bar.

Ah well. Took a small profit and ran.
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Today's zone = Tomorrow's opportunity!
High guys.

I'm able to find sign of weakness and signs of strength without any problem.

What I'm finding hard is the confirmation. I know that the vsa definition of confirmation is if the following bar after SOS is up and if the following bar after SOW is down. And after you look for a test or a Nd/NS to enter the market.

The problem that I have found is that many times the price after the confirmation of the SOS then falls and after the SOW then rises. I also look sometimes to break the high low of the SOS/SOW and then wait for price to return.

I had a look at how vsa traders do it and everyone does it differently. For example Petefader a very good trader that has a massive thread on another forum and many YouTube videos (I recommend that people have a look at it) mentions that he does not trade inside the SOS and SOW because it happens what I mentioned above. He mentions that he waits for automatic rally and then let's the price pullback and do its thing as long as price does not close above the sow or below the sos. Or if the price moves away from the SOS or sow he draws a fib and waits for a 60% retracement and then he enters. He uses the 5m for entries and the 1 hour to find strength or weaknesses. Basically he looks for the price to really move away from the vsa signal and then enters.
Is not complicated but is not simple either. Set ups take forever to take place and many times the price never comes back to the fib zone.

Basically what I'm looking for is some feedback of what kind of confirmation you guys look for. If you have any way to confirm that is simple and works.

For example anotan you look for two candles on the same direction and then on the higher time frame a confirmation candle. But you have changed the way you trade that I do not know if you still using that set up.
Cyberforex I do not know because I know some things of the way he trades but not enough to incorporate in my trading.
Pres78 trades different and hidden gap has not been around in a long time and he also trades in many different ways

Sorry for the long post I wanted to make things as clear as possible and also some people made find useful and others may be able to help me
Thanks
Kind regards
Quoting Frag8383
High guys. I'm able to find sign of weakness and signs of strength without any problem. What I'm finding hard is the confirmation. I know that the vsa definition of confirmation is if the following bar after SOS is up and if the following bar after SOW is down. And after you look for a test or a Nd/NS to enter the market. The problem that I have found is that many times the price after the confirmation of the SOS then falls and after the SOW then rises. I also look sometimes to break the high low of the SOS/SOW and then wait for price to return....
I like it when I see a confluence of reasons to take a trade.

Gold today, 1-hour chart.

YHVZ is way up but overnight we broke yesterday's low and into LO came back up and what was support is now resistance. So we now have a broken market structure flipped to look for shorts based on a LL and a LH.

LO happens and I fib that bar. We move down making another LL.

Those back-to-back ND bars form a weak retrace into an area of confluence. The lower half of the LO zone and also the area that was support at the previous LL and a 50-61% retrace of the most recent LH to LL leg.

Even if we had hit 50% of the LO zone it was still only a 61% retrace and a great set-up.

Per basic VSA rules if the low of the ND is taken out within 2 bars we go short.

Sometimes It's not that clean and pretty and you need to dig down further but this one today was as easy as it gets.
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Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} I like it when I see a confluence of reasons to take a trade. Gold today, 1-hour chart. YHVZ is way up but overnight we broke yesterday's low and into LO came back up and what was support is now resistance. So we now have a broken market structure flipped to look for shorts based on a LL and a LH. LO happens and I fib that bar. We move down making another LL. Those back-to-back ND bars form a weak retrace into an area of confluence. The lower half of the LO zone and also the area that was support at the previous LL and a 50-61% retrace of...
so you also look for market structure to be in your favor. I tought that you did not care about the trend only if price was above below the HVZ. I suppose that you look at it in the 1 hour timeframe and in your entry timeframe
Quoting Frag8383
{quote} so you also look for market structure to be in your favor. I tought that you did not care about the trend only if price was above below the HVZ. I suppose that you look at it in the 1 hour timeframe and in your entry timeframe
Yes, there are always major and minor trends in play.

Trades in line with the higher TF trends tend to offer better runs and higher rewards whereas with smaller trends that are counter the big trend (i.e. forming a retrace leg in the bigger trend) we need to realize they will run less and need to know where the most likely ending points will be, falling in line with the resumption of the higher TF move.

While price location WRT the UHVZ is my factor for entries we still need to know the market structure so we can place smart targets.
Today's zone = Tomorrow's opportunity!
Quoting pres78
{quote} Yes, there are always major and minor trends in play. Trades in line with the higher TF trends tend to offer better runs and higher rewards whereas with smaller trends that are counter the big trend (i.e. forming a retrace leg in the bigger trend) we need to realize they will run less and need to know where the most likely ending points will be, falling in line with the resumption of the higher TF move. While price location WRT the UHVZ is my factor for entries we still need to know the market structure so we can place smart targets.
Frag8383: Just to add "HTFs give you direction, LTFs give you entry". On entry, assume I get VSA ND / NS / Test / Failed Test on the 30 Mins TF, then I would use same TF or drop 1 or 2 TFs lower and see the 30 Mins VSA Signal get broken and re-tested, this is only when I get in, on the re-test. Obviously this action has to happen on a HTF Support / Resistance Zone that I have marked, otherwise I am not interested.

A good example today was GBPJPY. There was weakness (According to my VSA understanding) in the background off the 8 - hr TF, marked these with Yellow Arrows. The Red Lines = HTF Support, so I want to see some LTF VSA action around this Support. This action is very clear on the 30 - Min, TF.

Hope the above helps.
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Quoting Danku
{quote} Frag8383: Just to add "HTFs give you direction, LTFs give you entry". On entry, assume I get VSA ND / NS / Test / Failed Test on the 30 Mins TF, then I would use same TF or drop 1 or 2 TFs lower and see the 30 Mins VSA Signal get broken and re-tested, this is only when I get in, on the re-test. Obviously this action has to happen on a HTF Support / Resistance Zone that I have marked, otherwise I am not interested. A good example today was GBPJPY. There was weakness (According to my VSA understanding) in the background off the 8 - hr TF,...
Thanks for the reply
So in your case you do not look for confirmation on the higher time frame. Your confirmation is on the lower time frame, you have setups, in this case failed test that are confirmed. So you do not use the typical vsa confirmation on the higher time frame in this case the 8 hours
Quoting Frag8383
{quote} Thanks for the reply So in your case you do not look for confirmation on the higher time frame. Your confirmation is on the lower time frame, you have setups, in this case failed test that are confirmed. So you do not use the typical vsa confirmation on the higher time frame in this case the 8 hours

Correct, I do not use typical VSA, maybe am too slow in catching things having watched the videos for sometime. I combine VSA with a number of other things, importantly HTF Support and Resistance.
  • Post #36,115
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  • Edited Sep 29, 2023 5:59am Sep 28, 2023 8:47pm | Edited Sep 29, 2023 5:59am
GOLD - 100 pips, easy predictable just followed SM and also from previous day, easy 100 pips catch ... please try to check my entries if you have the basic understanding of VSA it will be not difficult to see the reason behind my entries.

Note : fyi, its set and forget, no need to be in front of monitor all the time therefore i set target 50 pips for majors and 100 pips for GOLD, i dont need optimized profit i just need to be profitable on daily basis, enough. I just spent around 1 hour for analysis and after entry i normally do another things ... trading is boring, why should i spent my live in front of monitor ... no way ... lol
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Quoting Cyberforex
GOLD - 100 pips, easy predictable just followed SM and also from previous day, easy 100 pips catch ... please try to check my entries if you have the basic understanding of VSA it will be not difficult to see the reason behind my entries. Note : fyi, its set and forget, no need to be in front of monitor all the time therefore i set target 50 pips for majors and 100 pips for GOLD, i dont need optimized profit i just need to be profitable on daily basis, enough. I just spent around 1 hour for analysis and after entry i normally do another things ......
About the SM. You mentioned that you trade similar to Gary Fullett. He trades differently than standard VSA traders.
For VSA traders the say that normaly weakness are on up bars and strenght on down bars.

Gary Fullett he mentions that strenght is on up bars that spread and volume is bigger than the previous bar and weakness is on down bars that spread and volume is bigger than previous bar, then he waits for the price to test the lows of this bars and enters on a rejection. so basically the bottom of this bars are the demand zones and the top of this bars are the supply zones.

So my question is how do you determine the Supply/demand zones. Do you look at SM the way standard VSA consider it or the way that gary Fulllet consider it wich is completely opposite?

Thanks
Kind regards
Quoting Frag8383
{quote} About the SM. You mentioned that you trade similar to Gary Fullett. He trades differently than standard VSA traders. For VSA traders the say that normaly weakness are on up bars and strenght on down bars. Gary Fullett he mentions that strenght is on up bars that spread and volume is bigger than the previous bar and weakness is on down bars that spread and volume is bigger than previous bar, then he waits for the price to test the lows of this bars and enters on a rejection. so basically the bottom of this bars are the demand zones and the...
I like Gary Fullett, his trading principles based on wyckoff method, looking at accumulation and distribution phase, analyse the activity of buying or selling in the background to get supply and demand zone. We as VSA trader actually have the similiar principles, we analyse volume and spread to recognize SM activity. The book Master the Markets by Tom Willaims is a master piece, but i dont use trend lines like Tom i just use the basic principle of VSA to recognize support and resistance area and analyse SM activity meaning the trading direction.

See my last post (trading GOLD), here i will make it more easier to put the parameters into logical VSA method.
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On 21-Sep, I wrote what I normally do on the analysis side of trading. Combining HTF S / R Zones with VSA. Today was a good day before NFP & CAD News release. Was the bias evident before News release? Yes. Shorted both GBPCAD & EURUSD. Below I focus on GBPCAD same analysis done on EURUSD.

1.) Weekly & Daily TF to get Key Resistance, marked in Red (Weekly TF), Yellow and dotted mark off Daily TF.

2.) M30, see Volume reducing as prices continues to head up (Suspect direction = Weakness) to Resistance Zone. Then we get this sudden jump in Volume on an Up Bar inside Resistance = This is NOT Buying (Got this from Cyberfx) but SM is making short entries.

3.) M4, For VSA traders this should be clear. A break below the 2 marked Bars in Yellow Arrows which when combined form an Up-Thrust. After the break of the Up-Thrust Low, we get a re-test, this is very important for me. As soon as the green arrowed bar closed, I went SHORT.

Hope the above helps. Good weekend guys / gals.
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yesterday a bit bored so I was following the wave in GBPUSD as seasonal trader just for fun .... easy and predictable ... sorry its not arrogant, just to encourage any trader that the ability to read the chart can be learnt no need 10.000 h screening time thats all bullshit even 1 month is more than enough to understand how the markets move ...
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