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vsa with Malcolm

  • #29,261
  • Aug 1, 2017 9:14am Aug 1, 2017 9:14am
Quoting malcolmb14
{quote} uptrend continues .... out of here .. grocery store calling my name and wife is calling is saying the baby has run out of milk powder ;( .... real life kicks in
myself I would not be in a gbp buy ... the set up is right but supply keeps hitting. If that supply can be aborbed she will move up ... the rest of the rules are in play ( trend on daily down) above Or high etc
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 47 KB
Blogging daily now at www.volume.zone
  • #29,262
  • Aug 1, 2017 9:17am Aug 1, 2017 9:17am
That is a ton of supply that hit GBP, very tempted to trade it but it is very much against the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 51 KB
  • #29,263
  • Aug 1, 2017 9:18am Aug 1, 2017 9:18am
GU and eu look like strong.wait for new high.LOL
  • #29,264
  • Aug 1, 2017 9:20am Aug 1, 2017 9:20am
Quoting boyce
GU and eu look like strong.wait for new high.LOL
You thinking this volume that is coming in is absorption?
  • #29,265
  • Aug 1, 2017 9:22am Aug 1, 2017 9:22am
Quoting Devnon
{quote} You thinking this volume that is coming in is absorption?
its absorption ... do not trade against the trend

as Hidden Gap said the trend is not your friend its your lover.

Remember not every day will present perfect trading sets ups ... today DAX was wow but it can be messy

Yesterday euro was wow today its crazy messy

Just be patient. for me to meet my monthly goals (500 % on account ) i only need to make 20 points a day in DAX . So i can afford to not trade two even three days a week if conditions are not right
Blogging daily now at www.volume.zone
  • #29,266
  • Aug 1, 2017 9:29am Aug 1, 2017 9:29am
Quoting Devnon
{quote} You thinking this volume that is coming in is absorption?
GU h1 3 down bar by the low volume.no seller for me.
EU H1 look some sideway test 1.1800.

so i hold all buy .Unless below 1.1800 1.3200
  • #29,267
  • Aug 1, 2017 11:01am Aug 1, 2017 11:01am
Hi Malcolm and all here,

Just started reading through this great thread and some of the material here. I have been trying to incorporate VSA into my trading.

I'd like to put the Hull colour MA (dots) on my charts but what settings do I need to use to emulate the TradeGuider red/green diamonds. Please can you let me know what period I should set the MA to and what type of MA (SMA, EMA or other)?

Thanks
  • #29,268
  • Aug 1, 2017 11:07am Aug 1, 2017 11:07am
Quoting Nelson35a
Hi Malcolm and all here, Just started reading through this great thread and some of the material here. I have been trying to incorporate VSA into my trading. I'd like to put the Hull colour MA (dots) on my charts but what settings do I need to use to emulate the TradeGuider red/green diamonds. Please can you let me know what period I should set the MA to and what type of MA (SMA, EMA or other)? Thanks
21 or 34
  • #29,269
  • Aug 1, 2017 1:28pm Aug 1, 2017 1:28pm
Gbp was an account killer today for sure ....

msybe be the story will unfold tomorrow ... I am fairly sure the 60 min was sideways trend all day keeping us out of the trade ( the trend indicator ) in TradeGuider
Blogging daily now at www.volume.zone
  • #29,270
  • Aug 1, 2017 3:35pm Aug 1, 2017 3:35pm
Quoting boyce
{quote} 21 or 34
Thanks Boyce. Which one is best to use for determining trend on the H1 chart as the 21 will turn faster than the 34, or is it just personal preference?
  • #29,271
  • Aug 1, 2017 8:51pm Aug 1, 2017 8:51pm
Quoting malcolmb14
Gbp was an account killer today for sure .... msybe be the story will unfold tomorrow ... I am fairly sure the 60 min was sideways trend all day keeping us out of the trade ( the trend indicator ) in TradeGuider
I just looked forward to see what news is coming later this week . GBP rates . That explains this pa . There is definite supply in gbp and I am happier if we see a breakdown of the OR Lows and trending down . I doubt I would be lured into a buy right now as I believe we may see a price 100 to 150 pips lower this week
Blogging daily now at www.volume.zone
  • #29,272
  • Aug 1, 2017 10:53pm Aug 1, 2017 10:53pm
Quoting malcolmb14
Gbp was an account killer today for sure .... msybe be the story will unfold tomorrow ... I am fairly sure the 60 min was sideways trend all day keeping us out of the trade ( the trend indicator ) in TradeGuider
Below is the chart of GBP. As expected there was NO trend alignment to allow us to buy or sell this pair.

First vertical bar is London open .
Second vertical bar is when trend on 30 turned green and would have allowed us to buy ... BUT price did not go higher .
Then red / grey / green all day

That is a NO trade day.

Currently GBP has TA to the down side 60 min and down , so I can look for further weakness in the pair , an OR break down, an upward move with a no demand on a 15 and sell the hell out of it for targets as shown in the second screen shot below .. 1.3160 / 1.3126
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 53 KB
Click to Enlarge Name: GBPUSDH4.png Size: 53 KB
Blogging daily now at www.volume.zone
  • #29,273
  • Aug 1, 2017 11:11pm Aug 1, 2017 11:11pm
Quoting Nelson35a
{quote} Thanks Boyce. Which one is best to use for determining trend on the H1 chart as the 21 will turn faster than the 34, or is it just personal preference?
set 21 。look like there will be more opportunities。but the VSA core is not HMA。It's just an aid and a reminder
  • #29,274
  • Aug 1, 2017 11:30pm Aug 1, 2017 11:30pm
Quoting Nelson35a
{quote} Thanks Boyce. Which one is best to use for determining trend on the H1 chart as the 21 will turn faster than the 34, or is it just personal preference?
rules are essentially simple ...

 

  1. Intraday trade with the trend
  2. Trend alignment MUST be there on 60 min charts and down. ( thats what I use but you can try 30 min down)
  3. Wait for retracement of trend on a 15 min and look for VSA set up for entry ...like the euro chart below

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 52 KB
Blogging daily now at www.volume.zone
  • #29,275
  • Aug 2, 2017 12:14am Aug 2, 2017 12:14am
Quoting malcolmb14
{quote} I just looked forward to see what news is coming later this week . GBP rates . That explains this pa . There is definite supply in gbp and I am happier if we see a breakdown of the OR Lows and trending down . I doubt I would be lured into a buy right now as I believe we may see a price 100 to 150 pips lower this week
Plus, a bounce might be imminent for dollar. Here's an analysis based on Wyckoff principles http://stockcharts.com/articles/wyck...-thoughts.html
  • #29,276
  • Aug 2, 2017 1:45am Aug 2, 2017 1:45am
Small trade, I'm fairly certain I will get shaken out on the PMI news. But I'm thinking when the news hits it will take GBPUSD up to 1.325x, I see buying and testing of supply during Asia so I'm thinking up from here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 67 KB
  • #29,277
  • Aug 2, 2017 1:52am Aug 2, 2017 1:52am
Quoting pooh123
{quote} Plus, a bounce might be imminent for dollar. Here's an analysis based on Wyckoff principles http://stockcharts.com/articles/wyck...-thoughts.html
usd index on major support
Blogging daily now at www.volume.zone
  • #29,278
  • Aug 2, 2017 1:53am Aug 2, 2017 1:53am
Quoting Devnon
Small trade, I'm fairly certain I will get shaken out on the PMI news. But I'm thinking when the news hits it will take GBPUSD up to 1.325x, I see buying and testing of supply during Asia so I'm thinking up from here. {image}
bad idea ....

Asia and frankie used for manipulation purposes....

This is he exact reason that I added open range to trading to keep me out of the market to early. ....cannot go wrong.
Blogging daily now at www.volume.zone
  • #29,279
  • Aug 2, 2017 2:18am Aug 2, 2017 2:18am
Quoting malcolmb14
{quote} rules are essentially simple ... Intraday trade with the trend Trend alignment MUST be there on 60 min charts and down. ( thats what I use but you can try 30 min down) Wait for retracement of trend on a 15 min and look for VSA set up for entry ...like the euro chart below {image}
Thanks Malcolm and Boyce.

The rules are simple but it takes some time to learn to use VSA effectively. However all the charts and explanantions posted here are extremely helpful to speed up the process. Thanks again.
  • #29,280
  • Aug 2, 2017 2:32am Aug 2, 2017 2:32am
Quoting malcolmb14
{quote} bad idea .... Asia and frankie used for manipulation purposes.... This is he exact reason that I added open range to trading to keep me out of the market to early. ....cannot go wrong.
You use to have esignal on ninjatrader?

Do you feel like you're missing out by not having it? Or is it just nice to have but no major advantage over MT4 volume wise?
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