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vsa with Malcolm

  • #31,181
  • Nov 23, 2017 7:07am Nov 23, 2017 7:07am
Quoting Seshwaan
{quote} I am short UJ but only using PVSRA as I don;t have access to or understand enough the order flow footprint just yet. I think we will see very little movement today but my view is that MM's are building short positions above the 111.000 key level before taking price even lower. If only I had something to back this up..... oh wait.. Seeing as I dont have access myself yet, do you see anything confirming this on the order flow footprint?
would be very poor mm who are taking shorts at this level,
Holy Grail - Patience and Acceptance
  • #31,182
  • Nov 23, 2017 8:09am Nov 23, 2017 8:09am
Today markets seem to be somewhat cursed. Every single entry I did today caught SL while prices went nowhere. How do you guys avoid being whipsawed? Malcolm once said that he didn't like it when trades do not go into profit within minutes. My trades (about ninety percent of the time) stay around my entries quite long and then typically rush into SL or TP quickly. I would thus infer that my entries are too early, although adhering to the typical VSA triggers (NS/ND, tests).
  • #31,183
  • Nov 23, 2017 8:17am Nov 23, 2017 8:17am
Quoting Codaky
Today markets seem to be somewhat cursed. Every single entry I did today caught SL while prices went nowhere. How do you guys avoid being whipsawed? Malcolm once said that he didn't like it when trades do not go into profit within minutes. My trades (about ninety percent of the time) stay around my entries quite long and then typically rush into SL or TP quickly. I would thus infer that my entries are too early, although adhering to the typical VSA triggers (NS/ND, tests).
Markets move different on bank holidays, primarily when it comes to price overshoots/spikes. Spikes tend to be more extreme in general.. Better to either add a rule to avoid these holidays, or adjust your system to it.
  • #31,184
  • Nov 23, 2017 8:22am Nov 23, 2017 8:22am
Quoting bluesoul
{quote} would be very poor mm who are taking shorts at this level,
which level?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,185
  • Nov 23, 2017 8:23am Nov 23, 2017 8:23am
Quoting Autrader
{quote} Well at the moment I am holding a shoprt trade on YENS It might change but now there is the actual chart. {image}
For JPY futures it's confusing. On the one hand, after that FOMC UHV bar on 1-hour chart price could not close higher than the high of that UHV bar, indicating bearishness. On the other hand, it could be forming a bullish flag.

P.S.
JPY futures is the inverse of USDJPY.
Attached Image (click to enlarge)
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  • #31,186
  • Nov 23, 2017 8:36am Nov 23, 2017 8:36am
Quoting Trader-Waldo
{quote} which level?

Think he means above 111.000 on UJ
  • #31,187
  • Nov 23, 2017 8:41am Nov 23, 2017 8:41am
Quoting bluesoul
{quote} would be very poor mm who are taking shorts at this level,

Interested as to why you think this?

You are much more experienced than me so would apprecaite your opinion!

My thinking is this -

UJ has been bearish for the last 20 days, every time price pulls back it consolidates above key levels whilst MM add more short posisitons and is then followed by a big down move. This view has served me well in the last week.

Looking at the daily chart there is no more siginificant resistance zones that I can see until around 110.000, some over in the UJ discussion thread do not see any even until the 109.000 area
  • #31,188
  • Nov 23, 2017 11:29am Nov 23, 2017 11:29am
Quoting Seshwaan
{quote} Interested as to why you think this? You are much more experienced than me so would apprecaite your opinion! My thinking is this - UJ has been bearish for the last 20 days, every time price pulls back it consolidates above key levels whilst MM add more short posisitons and is then followed by a big down move. This view has served me well in the last week. Looking at the daily chart there is no more siginificant resistance zones that I can see until around 110.000, some over in the UJ discussion thread do not see any even until the 109.000...
Quoting Trader-Waldo
{quote} which level?
thanks.
I am not that experienced.
You might be right for HFT/MM but Professionals/smart money should be buying here who holds huge positions for the long term.


Grey lines are daily support lines and blue are weekly support lines.
lf it needs to cross and go below this area, it will have to spend 2- weeks in this area, or a gap down,
it is also 50% retrace of 7-sep to 3rd-nov daily chart top. and today's daily bar seem to be marked as no supply after the week closes.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 97 KB
Holy Grail - Patience and Acceptance
  • #31,189
  • Nov 23, 2017 11:44am Nov 23, 2017 11:44am
Quoting bluesoul
{quote} {quote} thanks. I am not that experienced. You might be right for HFT/MM but Professionals/smart money should be buying here who holds huge positions for the long term. Grey lines are daily support lines and blue are weekly support lines. lf it needs to cross and go below this area, it will have to spend 2- weeks in this area, or a gap down, it is also 50% retrace of 7-sep to 3rd-nov daily chart top. and today's daily bar seem to be marked as no supply after the week closes. {image}

I always thought MM are also SM but they do SM one better, yours is an interesting take on it.

I agree with your analysis but dont think we can use todays daily candle in our bigger picture because of it being holiday in the US its kind a one off low volume day, would you agree?
  • #31,190
  • Nov 23, 2017 12:06pm Nov 23, 2017 12:06pm
Quoting Seshwaan
{quote} I always thought MM are also SM but they do SM one better, yours is an interesting take on it. I agree with your analysis but dont think we can use todays daily candle in our bigger picture because of it being holiday in the US its kind a one off low volume day, would you agree?
MM/SM/Professionals are more or less same thing,
When they are making the market on the intraday basis that's HFT (High-frequency trading) that's what I understand.
Usually, we ignore such things and follow vsa concepts as it is. but one can consider, that depends on you.
Holy Grail - Patience and Acceptance
  • #31,191
  • Nov 23, 2017 6:44pm Nov 23, 2017 6:44pm
Quoting Autrader
{quote} Well at the moment I am holding a shoprt trade on YENS It might change but now there is the actual chart. {image}

now we are taking some of the tables.

long on uj and shorts on yens
Attached Image (click to enlarge)
Click to Enlarge Name: yen down 2411.png Size: 118 KB
Know yourself before fight with the market.
  • #31,192
  • Nov 23, 2017 9:03pm Nov 23, 2017 9:03pm
Quoting Autrader
{quote} now we are taking some of the tables. long on uj and shorts on yens {image}
Autrader, what platform are you using for the footprint charts?
  • #31,193
  • Nov 23, 2017 9:06pm Nov 23, 2017 9:06pm
Quoting Baymax07
{quote} Autrader, what platform are you using for the footprint charts?
atas
Know yourself before fight with the market.
  • #31,194
  • Nov 23, 2017 9:52pm Nov 23, 2017 9:52pm
Quoting Autrader
{quote} atas
google give nothing on it. what is link to it?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,195
  • Nov 23, 2017 10:05pm Nov 23, 2017 10:05pm
Quoting Autrader
{quote} Well at the moment I am holding a shoprt trade on YENS It might change but now there is the actual chart. {image}
Closed some on yens, still moving well
Attached Image (click to enlarge)
Click to Enlarge Name: Sold YENS half closed 2411.png Size: 188 KB
Know yourself before fight with the market.
  • #31,196
  • Nov 23, 2017 10:07pm Nov 23, 2017 10:07pm
Quoting Trader-Waldo
{quote} google give nothing on it. what is link to it?
The platform is called ATAS, is a Russian brand I think. But the founder of footprints was marketdelta
Know yourself before fight with the market.
  • #31,197
  • Nov 24, 2017 12:13am Nov 24, 2017 12:13am
EURO


We have a trapped buyers at the top of the range, high vol bar of the Asian session.

Key Point to see if we will be trading below that volume, if we do, we will be looking for lack of demand, AKA no demand bars.

If we manage to go up and consolidate after the breakout, we will be looking for any long on a test or lack of supply to jump in.

LETS MARKET COME TO US!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SHORTS EURO QUESTION.png Size: 89 KB
Click to Enlarge Name: 1h euro 2411.png Size: 140 KB
Know yourself before fight with the market.
  • #31,198
  • Nov 24, 2017 12:22am Nov 24, 2017 12:22am
GOLD / GC

Been bullish for quite a while, still above the buyers zone but you can see how supply is hitting price at the top, so lets see what it does and how price develop in order to try jump in the bullish train or the bears break and test the key area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD 2411.png Size: 87 KB
Click to Enlarge Name: GC 2411 02.png Size: 109 KB
Know yourself before fight with the market.
  • #31,199
  • Nov 24, 2017 12:35am Nov 24, 2017 12:35am
Quoting Autrader
GOLD / GC Been bullish for quite a while, still above the buyers zone but you can see how supply is hitting price at the top, so lets see what it does and how price develop in order to try jump in the bullish train or the bears break and test the key area. {image} {image}

Price is pushing lower, and volume is going with it, we need to see if buyers come and absorb it or those bulls are out now.
Attached Image (click to enlarge)
Click to Enlarge Name: Bears on GC.png Size: 250 KB
Know yourself before fight with the market.
  • #31,200
  • Nov 24, 2017 1:33am Nov 24, 2017 1:33am
Quoting Autrader
{quote} Price is pushing lower, and volume is going with it, we need to see if buyers come and absorb it or those bulls are out now. {image}

No buyers active till now
Attached Image (click to enlarge)
Click to Enlarge Name: No buyers 2411.png Size: 84 KB
Know yourself before fight with the market.
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