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vsa with Malcolm

  • #30,381
  • Aug 25, 2017 1:41am Aug 25, 2017 1:41am
Quoting malcolmb14
gbp looks like accumulation to me unless we see weakness to counter the strength {image}
Didn't trade yesterday but by the looks of daily it seems bearish today for me. Selling it down to .2750 and lower. I'm ready to take the loss if wrong.
  • #30,382
  • Aug 25, 2017 2:02am Aug 25, 2017 2:02am
Quoting dogol
{quote} 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?? ...

I wish i had that eureka moment.. when i started reading this thread and as malcolm was explaining it, it made sense and could see the logic behind all of it. And the trades he made were right.

Now im half way trough Toms book and everything is so unclear again i can see it work alot better in stocks but forex.. man. Where i think i see strenght theres weakness and vice versa.
  • #30,383
  • Aug 25, 2017 2:10am Aug 25, 2017 2:10am
Quoting dogol
{quote} 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?? ...
Nothing special, that's a beginner's claim. Actually, I mean that I have started understanding VSA. Long way to go yet.

I was able to find many trades of 40 - 50 pips in charts after i finished studying basics.

Below is my Eureka Model

First Read the market background, ( I'm not good at it yet, but i can see it has effect)
1. Wait for Volumes and check SOS or SOW
2. Wait for HV seller or buyer candle (closing in upper or lower half with long wicks)
3. Wait for test
4. Entry Trigger: Enter when price crosses Low or high of interesting candle depending on direction (long wick/uh volume candle or whatever you call it)

Source: This Thread and Master the Markets.
Holy Grail - Patience and Acceptance
  • #30,384
  • Aug 25, 2017 2:18am Aug 25, 2017 2:18am
Quoting malcolmb14
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 {image}
Euro didn't even wait for the news and already started falling. I wonder what will happen after the news.
  • #30,385
  • Aug 25, 2017 2:31am Aug 25, 2017 2:31am
Quoting Jesusknows
{quote} I wish i had that eureka moment.. when i started reading this thread and as malcolm was explaining it, it made sense and could see the logic behind all of it. And the trades he made were right. Now im half way trough Toms book and everything is so unclear again i can see it work alot better in stocks but forex.. man. Where i think i see strenght theres weakness and vice versa.
If you go for H1, H4 and daily charts over stocks, it works like magic. But you have fewer opportunities.
Forex is difficult but has more opportunities and interesting too.
have you tried indices, there it is also smoother...
Holy Grail - Patience and Acceptance
  • #30,386
  • Edited 2:45am Aug 25, 2017 2:31am | Edited 2:45am
Today is big news day for Euro be careful ... better to trade Euro after news and look for the price action ....
  • #30,387
  • Aug 25, 2017 3:19am Aug 25, 2017 3:19am
Quoting malcolmb14
gbp looks like accumulation to me unless we see weakness to counter the strength {image}
It looks spot on atm. I could get fucked.
  • #30,388
  • Aug 25, 2017 3:19am Aug 25, 2017 3:19am
Ok so ill try this on daily and 4h, please correct me in anything.

Daily: 21st looks like relatively lov volume up bar, no demand. 23rd also like test. Seems like distribution and bigger downmovements coming.

4h price is trying to break 1782 support area now. On charts there is also quite a few low volume up bars aka no demand with long wicks and close low.

My noobskills tells me its short time.
  • #30,389
  • Aug 25, 2017 3:34am Aug 25, 2017 3:34am
We see UH volume on down bars indicating strength. After EURO news there's a NS candle, once price breaks through it, it skyrocketed. Seems like attempt to pushthrough resistance too. In for LONG. Looking at the Fib levels to see if there's any weakness. Price could rally up again if there's another NS.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
VSA - It's not the best system, BUT the BEST method.
  • #30,390
  • Aug 25, 2017 4:20am Aug 25, 2017 4:20am
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...

Sad story but it's your life story .. business and trusting other people is so hard . I had a similar experience and lost $100,000.

Trading is only you against the markets .. get a good broker and you are set

if you ever want to get a job again and you can still come back to Dubai come ... we can sit side by side trading evenings
Blogging daily now at www.volume.zone
  • #30,391
  • Aug 25, 2017 4:22am Aug 25, 2017 4:22am
Quoting Jesusknows
{quote} I wish i had that eureka moment.. when i started reading this thread and as malcolm was explaining it, it made sense and could see the logic behind all of it. And the trades he made were right. Now im half way trough Toms book and everything is so unclear again i can see it work alot better in stocks but forex.. man. Where i think i see strenght theres weakness and vice versa.
ok I can help

do not look at higher time frame .. fx they make zero sense

look at 30 min bars .. last 200 .. do your analysis there

the other thing is maybe move away spot and look at futures .. easier to see the setups
Blogging daily now at www.volume.zone
  • #30,392
  • Aug 25, 2017 4:24am Aug 25, 2017 4:24am
EU and GU are moving as expected till now ...

Btw, from all traders viewing this threads I only know malcolmb .... :-)))
  • #30,393
  • Aug 25, 2017 4:25am Aug 25, 2017 4:25am
Quoting pooh123
{quote} Euro didn't even wait for the news and already started falling. I wonder what will happen after the news.

We have some heavy news in us session
also Jackson hole meetings

euro and gbp may move later but if they do not it's because the direction of the usd for next few months is being decided behind closed. Doors today
Blogging daily now at www.volume.zone
  • #30,394
  • Aug 25, 2017 4:28am Aug 25, 2017 4:28am
This time my minimum target GU 1.2840 should be cross ... hopefully 1.2900 ... lets see
  • #30,395
  • Aug 25, 2017 4:34am Aug 25, 2017 4:34am
Quoting malcolmb14
{quote} We have some heavy news in us session also Jackson hole meetings euro and gbp may move later but if they do not it's because the direction of the usd for next few months is being decided behind closed. Doors today
the movement of big boys can not be hidden ... the problem is how we can recognize it ... :-))))
  • #30,396
  • Aug 25, 2017 4:47am Aug 25, 2017 4:47am
Quoting malcolmb14
{quote} ok I can help do not look at higher time frame .. fx they make zero sense look at 30 min bars .. last 200 .. do your analysis there the other thing is maybe move away spot and look at futures .. easier to see the setups
At first glance my futures spread is immense, more than most movements on 30 min chart. Need to look if my broker has better account types for futures.

Didnt Tom also say in hes book to look at all time frames and higher specially to get a good general view of market? Or was that more stock specific?
  • #30,397
  • Aug 25, 2017 4:49am Aug 25, 2017 4:49am
Quoting malcolmb14
{quote} Sad story but it's your life story .. business and trusting other people is so hard . I had a similar experience and lost $100,000. Trading is only you against the markets .. get a good broker and you are set if you ever want to get a job again and you can still come back to Dubai come ... we can sit side by side trading evenings
Highly Appreciated.
We will meet, even if i get job or not
Holy Grail - Patience and Acceptance
  • #30,398
  • Aug 25, 2017 4:51am Aug 25, 2017 4:51am
Please comment ?
EU M15.
Stop loss only 10 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Setup.png Size: 68 KB
Holy Grail - Patience and Acceptance
  • #30,399
  • Aug 25, 2017 4:55am Aug 25, 2017 4:55am
Quoting 1pipperhour
{quote} It looks spot on atm. I could get fucked.
Swimming against the tide here. They say it will make you stronger
  • #30,400
  • Aug 25, 2017 5:05am Aug 25, 2017 5:05am
GBP JPY.

Only problem is that long wick encircled yellow, otherwise background looks a good sell.

Sell at first yellow line 140.30 or second yellow line entry is even safer, for 139.50/30 targets.
Please comment.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Trade Setup 1 - 25-08-2017.png Size: 99 KB
Holy Grail - Patience and Acceptance
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