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vsa with Malcolm

Quoting Autrader
Long PLay on AUDUSD +6A Kind of reversal, on-demand zone. {image}

closed, u can see how it played out
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Know yourself before fight with the market.
Thank you for the advice! I'll be incorporating it
Missed that one
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Know yourself before fight with the market.
Looking for any sign of weakness there EURO
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Know yourself before fight with the market.
Quoting Autrader
Looking for any sign of weakness there EURO {image} {image}


Hi man, getting my teeth stuck into whatever resources I can find to learn the order flow footprints but was wondering if you have to pay to actually get access to the footprint charts etc?
Quoting Seshwaan
{quote} Hi man, getting my teeth stuck into whatever resources I can find to learn the order flow footprints but was wondering if you have to pay to actually get access to the footprint charts etc?
Yes most of them are paid, there a few brands.
Know yourself before fight with the market.
Quoting Autrader
Looking for any sign of weakness there EURO {image} {image}
Took the short lets see if it holds.
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Know yourself before fight with the market.
Quoting Autrader
{quote} Yes most of them are paid, there a few brands.
Hi guys how's things around

This got me curious, in fact there are more footprint charts providers, I wonder if anyone is using another one of this providers other then ATAS if so , could you post a chart of the same "timeframe", same period and same market or currency, just for comparison of data, would be a good exercise.

In my idea if they both use the same providers, I mean the biggest data feed providers, they all say they use more or less the same ones, then the provided footprint data should be very similar, not exactly the same but very similar in theory.

Peace.
Quoting Autrader
{quote} Took the short lets see if it holds. {image}

Hi AU how's things mate ?

Well let's kick off the discussion with I agree with shorting at that moment.

But as I can see on the FP imbalance chart, in fact there are more green numbers more then red ones, doesn't this represent that they are buying. the way I understand it is if there are more buyers imbalance, the market should be strong and keep going and those would act as support points, the opposite for selling.

For example for selling it should show a big imbalance with a red number pooping preferably on the top of the ascending candle. well but I might be not exactly right if you could give me a clear picture on this matter I would be much appreciated
thanks.

Peace.
Quoting zwara
{quote} Hi AU how's things mate ? Well let's kick off the discussion with I agree with shorting at that moment. But as I can see on the FP imbalance chart, in fact there are more green numbers more then red ones, doesn't this represent that they are buying. the way I was understand it is if there are more buyers imbalance the market should be strong and keep going and those would act as support points, the opposite for selling. For example for selling it should show a big imbalance with a red number pooping preferably on the top of the ascending...
My view is that , there was a huge buy volume into the bar but price did not move much, so my view is it maybe absorption of those buy orders meaning supply is present .
Know yourself before fight with the market.
Quoting Autrader
{quote} My view is that , there was a huge buy volume into the bar but price did not move much, so my view is it maybe absorption of those buy orders meaning supply is present .

You know market doesn’t like many buyers nor many sellers, and this previus zone was a big lot of sellers u can see it on my last chart.
Know yourself before fight with the market.
Quoting Autrader
{quote} My view is that , there was a huge buy volume into the bar but price did not move much, so my view is it maybe absorption of those buy orders meaning supply is present .

Ahh yes... makes sense now when you were saying you need to use the footprint along with other things to help confirm your analysis. In ths case using the footprint with PA you can see alot of buyers with not as much movement in PA as you'd expect, could show signs of absorbtion as you said.

I guess if we saw the same number of buyers etc on the footprint and PA actually moved further up it would be good validation of continuation up?
Quoting Seshwaan
{quote} Ahh yes... makes sense now when you were saying you need to use the footprint along with other things to help confirm your analysis. In ths case using the footprint with PA you can see alot of buyers with not as much movement in PA as you'd expect, could show signs of absorbtion as you said. I guess if we saw the same number of buyers etc on the footprint and PA actually moved further up it would be good validation of continuation up?
Exacly there is not a exactly science, you need to get the puzzle together .

more buyers more sellers where when how why ...

try to avoid the chart and see the flow
Know yourself before fight with the market.
Quoting Autrader
{quote} You know market doesn’t like many buyers nor many sellers, and this previus zone was a big lot of sellers u can see it on my last chart.

Exactly, I agree with what you say, and fully understand the concept you are describing as absorption. Although the way I see the absorption or in other words the exhaustion of the buyers, is the difference of the number of orders from the green (2nd last) bar, compared to the same top area of the red (last seen) bar. While rising it seems buyers are pushing and in fact they are that little retrace started on the 8th, and 7th bar counting backwards and continued 5th and 4th, the ones that scalped there those longs, if they entered on the 1st call for retrace they would be fine the 2nd call for confirmation of little retrace also fine they acted in sync with the smart money maneuver, but then the chasers come in on the top of the retrace and get trapped when SM money counter sells their big buy orders, right at the top where you circle removing their own buy, and, with this the buy side lost pressure and lost the backup, so market rejects and traps those that bought late... that's the way I see it. But honestly I haven't dedicated much time to analyse these charts.
Later I'll try to install market delta trial version because I will have 3 days off work so I can see live how they work and also if you are around the next 3 days we can compare the feeds and good juicy stuff.

Always remember this concepts: immediately after you buy, you become a seller on that market. and Vice-versa for sellers,
Smart money sells at tops and buys at bottoms. ().

;D
Peace.

But please give me your views more in detail if you may my friend.

thanks again
Peace.
SHorting gold playing a reversal...
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Know yourself before fight with the market.
Quoting Autrader
{quote} Exacly there is not a exactly science, you need to get the puzzle together . more buyers more sellers where when how why ... try to avoid the chart and see the flow

Looking like a great call my friend.

EDIT: spoke to soon although the absorbtion view at this level seems to be holding true. High volume bull candle on M1 cannot seem to break 1.19375
Quoting zwara
{quote} Hi guys how's things around This got me curious, in fact there are more footprint charts providers, I wonder if anyone is using another one of this providers other then ATAS if so , could you post a chart of the same "timeframe", same period and same market or currency, just for comparison of data, would be a good exercise. In my idea if they both use the same providers, I mean the biggest data feed providers, they all say they use more or less the same ones, then the provided footprint data should be very similar, not exactly the...

Hi Zwara,

Sometimes it can be a level of absorption and imbalance in favor of bulls or bears. But when you see those ask orders it does not always imply that are buying, because in the exchanges the sell limit orders positioned in this same zone is translated as ask orders. And when you have too many sell limit orders the price could go down. The only ones that could see how many ask orders and sell limit orders are in a concrete case are brokers. Hope I helped you a little.

Good trading.
The best way to help the poor is not to be one of them.
Quoting zwara
...Always remember this concepts: immediately after you buy, you become a seller on that market. and Vice-versa for sellers, Smart money sells at tops and buys at bottoms. (). ;D Peace. But please give me your views more in detail if you may my friend. thanks again Peace.
More like they go after the nearest swing highs/lows where the stops are usually clustered nearby to suck in liquidity, then run through those clustered stops just before reversing.

Look at orderflow and VSA in those areas...
Quoting Ebm
{quote} Hi Zwara, Sometimes it can be a level of absorption and imbalance in favor of bulls or bears. But when you see those ask orders it does not always imply that are buying, because in the exchanges the sell limit orders positioned in this same zone is translated as ask orders. And when you have too many sell limit orders the price could go down. The only ones that could see how many ask orders and sell limit orders are in a concrete case are brokers. Hope I helped you a little. Good trading.
Hi there how are you, yes off course you did helped and please do contribute more to the thread thanks

Peace.
Quoting Aad
{quote} More like they go after the nearest swing highs/lows where the stops are usually clustered nearby to suck in liquidity, then run through those clustered stops just before reversing. Look at orderflow and VSA in those areas...

Hi there , yup you hit the spot, liquidity is the key... without it they don't make money we don't make money no one does. So yes they look at those particular areas with accumulation of order to triggers then as simple as that, it's a dirty dirty world this one .

Peace.
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