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vsa with Malcolm

  • #30,361
  • Edited 1:24pm Aug 24, 2017 12:32pm | Edited 1:24pm
Quoting pres78
{quote} Interesting way to trade. Yes we will see I guess.
It looks like I trade VSA with different approach as many VSA trader here ... :-)))

Tom Williams said in his book : We have indicated already that if you are going to become a good trader, which then leads to making money in the market, you must trade with the concensus of professional opinion and not against it. This means that once a move is in progress you must be able to identify the underlying trend in price movement and go with the flow". (Tom Williams, Master the Markets p. 50)
  • #30,362
  • Aug 24, 2017 1:57pm Aug 24, 2017 1:57pm
Quoting dogol
{quote} It looks like I trade VSA with different approach as many VSA trader here ... :-))) Tom Williams said in his book : We have indicated already that if you are going to become a good trader, which then leads to making money in the market, you must trade with the concensus of professional opinion and not against it. This means that once a move is in progress you must be able to identify the underlying trend in price movement and go with the flow". (Tom Williams, Master the Markets p. 50)
very easy to say and explain
...........................................
Holy Grail - Patience and Acceptance
  • #30,363
  • Aug 24, 2017 2:33pm Aug 24, 2017 2:33pm
Quoting malcolmb14
Dax was insane today ... I was up at 12250 went for pee and it had taken all my days gains and hit my stop lol ( forgot to move stop be) managed downside entry at 12210 but feel like I have had the crap kicked out of me today lol ... a very mentally challenging day
Wrong time to pee
Lesson learned, Pee Before US Open if you are in Trade. lol
Holy Grail - Patience and Acceptance
  • #30,364
  • Aug 24, 2017 6:34pm Aug 24, 2017 6:34pm
Quoting bluesoul
{quote} very easy to say and explain ...........................................
well, its not easy especially how to "be able to identify the underlying trend in price movement" .... its difficult ... sometimes we dont have a clear signal which direction the big boys is going .... many people still use indicator like moving average etc ... but we have VSA ... after I learned VSA it becomes more clear about WHY is the price moving and in which direction will the price move .. but its still difficult ... therefore we need a good Money Management to manage our entry just in case we are in the wrong direction ... what is a good management, i would say if we just start to learn VSA we can start with Balance/100.000 .... the limit i would say Balance/20.000 ... more than that is not recommended especially if you have multiple entries ....
  • #30,365
  • Aug 24, 2017 9:58pm Aug 24, 2017 9:58pm
Morning all

thoughts on euro

two days ago I mentioned euro was a bull trap , because we had a very uh volume up bar that took market down

since then we have waffled sideways with volumes coming in on the up moves but have never taken out the high of that bar

today we have euro news

potential for sells below 1.1780 target 1.1650
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  • #30,366
  • Aug 24, 2017 10:03pm Aug 24, 2017 10:03pm
Quoting dogol
{quote} well, its not easy especially how to "be able to identify the underlying trend in price movement" .... its difficult ... sometimes we dont have a clear signal which direction the big boys is going .... many people still use indicator like moving average etc ... but we have VSA ... after I learned VSA it becomes more clear about WHY is the price moving and in which direction will the price move .. but its still difficult ... therefore we need a good Money Management to manage our entry just in case we are in the wrong direction ... what is...
From the man that does not use stop losses . Lol

just teasing you but you did say you do not use stoploss

I always use stop loss and always move then break even other than Yesterday , which gave me an $11,000 loss

i could have avoided that loss and not only that avoided the Emotional effects of that loss that could have Prevented me from trading the sell side of the market
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  • #30,367
  • Aug 24, 2017 10:09pm Aug 24, 2017 10:09pm
Pres his analysis makes sense

below we have two uh volume down bars , both testing that 1.2800 key level.

Most likely these will drive gbp back to 1.2830

what we have to remember is Jackson hole this weekend. Whatever is decided in that meeting is the way the marke will move in the coming months .... what no never .. the markets are not manipulate

currencies maybe kept in tight range today and gold moved down to the buy level 1282 or even 1275 ( a guess ) as gold has been accumulated off 1282 for two weeks now and Jackson hole meeting they may determine target 1350
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  • #30,368
  • Aug 24, 2017 10:20pm Aug 24, 2017 10:20pm
Quoting dogol
{quote} If I saw DAX Chart ... its possible to go back up to cross the red lines (up) maybe tomorrow ... it ging down just to test the red line (down) .... maybe I'm not sure just my analysis, i dont trade DAX and I dont know his behavior .... I could be wrong .... {image}
Dax is very fun to trade ... she can kick you arse in five seconds if you are on wrong side of trade ... she needs patience and can be challenging

the chart below show three red hourly candles all uh volume ... took it back into range . Those are all sellers .

we have key support under us at 12150, but if that breaks we see 12030 today

I am on sell side, but will see what happens when market opens and use my trend indies and open range high and low to determine days direction
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  • #30,369
  • Aug 24, 2017 10:25pm Aug 24, 2017 10:25pm
S&p daily

who has control of the market ?

Up bars are low volume , down bars uh volumes , with reaction on up bars low volumes

daily Es has a rounded top

my bet is that sept oct we see 7 to 10 percent correction ..it will provide some great trading opportunity .
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  • #30,370
  • Aug 24, 2017 10:47pm Aug 24, 2017 10:47pm
analysis of euro
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  • #30,371
  • Aug 24, 2017 10:51pm Aug 24, 2017 10:51pm
gbp

looks like accumulation to me unless we see weakness to counter the strength
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  • #30,372
  • Aug 24, 2017 11:04pm Aug 24, 2017 11:04pm
Quoting malcolmb14
{quote} From the man that does not use stop losses . Lol just teasing you but you did say you do not use stoploss I always use stop loss and always move then break even other than Yesterday , which gave me an $11,000 loss i could have avoided that loss and not only that avoided the Emotional effects of that loss that could have Prevented me from trading the sell side of the market
well that is maybe misunderstanding :-))) ... yesterday trading I didnt use stop loss because it was clear background for me and there is no very important news like NFP or German Ifo business climax (today) .... I still use SL if I dont have a clear signal in which direction will the price go and in very important news day (for euro is NFP and German Ifo BC) ... I set my SL normally 50 pips from my entry point, should be enough for VSA trader ...

I remember the day of USD/CHF was moving more than 3000 pips .... believe it or not on that day I traded USD/CHF I traded very rarely USD/CHF but on that day I saw the chart USD/CHF and according my VSA i traded sell which gave me more than 400 pips (it was moving so fast really surprise about the movement) and it gave me only 400 pips just because I used 2 or 5 pips trailing stop .... :-))) my best single trade all the time in shortest time .... and because of that I never again traded any small currency pair which easy to manipulated to avoid wiping out my account just in case it is manipulated ...
  • #30,373
  • Aug 24, 2017 11:14pm Aug 24, 2017 11:14pm
Quoting malcolmb14
gbp looks like accumulation to me unless we see weakness to counter the strength {image}
Was gonna post a setup on this lol.
There's an attempt to markup the price to breakthrough the resistance. But that could be also due to the hongkong open. Might be a start of accumulation. Looking for signs of weakness on fib levels.
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VSA - It's not the best system, BUT the BEST method.
  • #30,374
  • Aug 24, 2017 11:16pm Aug 24, 2017 11:16pm
Quoting dogol
{quote} well that is maybe misunderstanding :-))) ... yesterday trading I didnt use stop loss because it was clear background for me and there is no very important news like NFP or German Ifo business climax (today) .... I still use SL if I dont have a clear signal in which direction will the price go and in very important news day (for euro is NFP and German Ifo BC) ... I set my SL normally 50 pips from my entry point, should be enough for VSA trader ... I remember the day of USD/CHF was moving more than 3000 pips .... believe it or not on that...
i miss those wild days...

I remember once GBPAUD moved 900 pips in asia only to be reversed 1500 pips the next day and continued down another 2000 pips over the next few days, i was selling every 200 pips up people thought i was insane.

.... how i wish for market times like that again now i understand the concepts of vsa
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  • #30,375
  • Aug 24, 2017 11:27pm Aug 24, 2017 11:27pm
Ok, my bias today for EU and GU (well, still old target 1.2840) is still bullish .... i already closes my 2 entries of buy from EU yesterday so I dont have any position right now .... it could be that the price will go down to the red lines below the price .... I will look carefully to these area which will a good opportunity to buy .... target 50 pips and above we will see how the price will go ....
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  • #30,376
  • Aug 24, 2017 11:33pm Aug 24, 2017 11:33pm
Quoting malcolmb14
{quote} i miss those wild days... I remember once GBPAUD moved 900 pips in asia only to be reversed 1500 pips the next day and continued down another 2000 pips over the next few days, i was selling every 200 pips up people thought i was insane. .... how i wish for market times like that again now i understand the concepts of vsa
yeah ... it will be another crisis to get movement like that again .... was insane ...
  • #30,377
  • Aug 25, 2017 12:14am Aug 25, 2017 12:14am
Quoting dogol
{quote} well, its not easy especially how to "be able to identify the underlying trend in price movement" .... its difficult ... sometimes we dont have a clear signal which direction the big boys is going .... many people still use indicator like moving average etc ... but we have VSA ... after I learned VSA it becomes more clear about WHY is the price moving and in which direction will the price move .. but its still difficult ... therefore we need a good Money Management to manage our entry just in case we are in the wrong direction ... what is...
I Totaly Agree, my stress was on "SAY/Explain". I meant its easy to say but it takes huge learning experience and practice to actually get it working for you.

I am into demos/real trading since 12 years, i traded for 2 -3 months after gaps of every 2-3 years and then left. Even I read the books from some legends. But never understood the dynamics behind markets. But now markets are totally different only because of VSA. Markets are same my perspective is different as its no more random
The way Malcolm and Tom Williams have shown me is the way i have always been looking for, my hope and way out of crisis/debts. $0.5m to be paid by VSA .
I lost my net worth in Dubai in a business after i left my quite good 6 fig job. Never wanted to be an employee and was collecting money to start something of my own, made a mistake of trusting a friend beyond limits and lost my all savings in a business in dubai and had to sell my apt in Palm Jumeriah.

I came back to my home country Paksitan and started a small business which had to be closed cause of lack of capital. Then I was applying for jobs but I didn't have any attraction in it, didn't apply as I should be applying. I know/believe I can get one easily if I really want to. Was free for 3 months and then came back to trading. This time its lot moreeeeeeeeeeee different.

Purpose of writing these lines is only to share and have a commitment to myself, to not to go for a job and earn living plus recover losses from trading. As recently I have seen some posts in this thread which made me think again to go for a job. I do have 3 kids and responsibilities. But I am not going for a job, as long as I am able to start earning within 2-3 months from trading.

Last night I had my eurika/satori moment when suddenly i found that i can read the markets, it may take a lot of time to be a pro, but my journey has started, i will start posting my findings of any trading setup for your comments.
Holy Grail - Patience and Acceptance
  • #30,378
  • Aug 25, 2017 12:15am Aug 25, 2017 12:15am
Quoting bluesoul
{quote} Wrong time to pee Lesson learned, Pee Before US Open if you are in Trade. lol
sorry about it, if its hurting.
Holy Grail - Patience and Acceptance
  • #30,379
  • Aug 25, 2017 12:49am Aug 25, 2017 12:49am
Quoting malcolmb14
analysis of euro {image}
very helpful for learning
Holy Grail - Patience and Acceptance
  • #30,380
  • Aug 25, 2017 12:50am Aug 25, 2017 12:50am
Quoting bluesoul
{quote} I Totaly Agree, my stress was on "SAY/Explain". I meant its easy to say but it takes huge learning experience and practice to actually get it working for you. I am into demos/real trading since 12 years, i traded for 2 -3 months after gaps of every 2-3 years and then left. Even I read the books from some legends. But never understood the dynamics behind markets. But now markets are totally different only because of VSA. Markets are same my perspective is different as its no more random The way Malcolm and Tom Williams have shown...

I'm sorry for that ... btw I dont think you need any explanation "how it works" as you already found that you can read the markets ....just my curious question how did you find your eureka moment last night that you can read the markets?? ...
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