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vsa with Malcolm

  • #31,601
  • Jan 1, 2018 8:01am Jan 1, 2018 8:01am
Thanks for the useful info,
Can u elaborate what is Level 1, Level 2, Level 3 Buying and Selling on above post? (Any good book for reading, just completed mtm & Gavin's.)
I also just read your old thread about WRB.
  • #31,602
  • Edited 2:56am Jan 4, 2018 2:40am | Edited 2:56am
Shorting Euros with a tight stop in play!!
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Know yourself before fight with the market.
  • #31,603
  • Jan 4, 2018 3:01am Jan 4, 2018 3:01am
Quoting Autrader
Shorting Euros with a tight stop in play!! {image} {image}
what this chart in middle shows?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,604
  • Jan 4, 2018 3:03am Jan 4, 2018 3:03am
Longs in UJ in play
Know yourself before fight with the market.
  • #31,605
  • Jan 4, 2018 3:06am Jan 4, 2018 3:06am
Quoting Trader-Waldo
{quote} what this chart in middle shows?
The depth of market.
Know yourself before fight with the market.
  • #31,606
  • Jan 4, 2018 3:14am Jan 4, 2018 3:14am
Quoting Trader-Waldo
{quote} what this chart in middle shows?
This is a program called Bookmap it shows the limit order book.
The white lines are resting Limit Orders ie Liquidity. The thicker the white lines the heavier the liquidity.

Liquidity acts like a magnet for price. See how they add in liquidity below the market at the purple arrows and price trades down towards it. But this is not true liquidity because as soon as price gets there they pull it. They are spoofing the market.
When price gets to 1.20780 they pull all the liquidity below the market and start adding it above, and price starts going back up again.

The white line at the bottom by the red arrow is most prob true liquidity as its been there for awhile....

The vast majority of this adding and subtracting liquidity is done by algos manipulating price.

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Boxing clever since 76.
  • #31,607
  • Jan 4, 2018 4:31am Jan 4, 2018 4:31am
Quoting copi88
{quote} This is a program called Bookmap it shows the limit order book. The white lines are resting Limit Orders ie Liquidity. The thicker the white lines the heavier the liquidity. Liquidity acts like a magnet for price. See how they add in liquidity below the market at the purple arrows and price trades down towards it. But this is not true liquidity because as soon as price gets there they pull it. They are spoofing the market. When price gets to 1.20780 they pull all the liquidity below the market and start adding it above, and price starts...

First time I have seen this and all I can say is wow...

Appreciate the explanation!
  • #31,608
  • Jan 4, 2018 4:54am Jan 4, 2018 4:54am
Quoting copi88
{quote} This is a program called Bookmap it shows the limit order book. ...
Thank you. So how to trade it : from liquidity to liquidity?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,609
  • Jan 4, 2018 5:13am Jan 4, 2018 5:13am
Quoting Trader-Waldo
{quote} Thank you. So how to trade it : from liquidity to liquidity?
Away from volume towards liquidity
Boxing clever since 76.
  • #31,610
  • Jan 4, 2018 5:21am Jan 4, 2018 5:21am
Quoting copi88
{quote} Away from volume towards liquidity
That's futures liquidity, right?
  • #31,611
  • Jan 4, 2018 5:33am Jan 4, 2018 5:33am
Quoting copi88
{quote} Away from volume towards liquidity
Thank you.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,612
  • Jan 4, 2018 7:01am Jan 4, 2018 7:01am
Quoting copi88
{quote} This is a program called Bookmap it shows the limit order book. The white lines are resting Limit Orders ie Liquidity. The thicker the white lines the heavier the liquidity. Liquidity acts like a magnet for price. See how they add in liquidity below the market at the purple arrows and price trades down towards it. But this is not true liquidity because as soon as price gets there they pull it. They are spoofing the market. When price gets to 1.20780 they pull all the liquidity below the market and start adding it above, and price starts...
So it's a program that offer's Level 2/Level 3 charts in Forex?
That is institutional level software. I am really impressed. That is the real way someone should daytrade.
Does it also offer futures/stocks/indexes or only forex?

Greetings,
Perri.
Do Not Predict! React!
  • #31,613
  • Jan 4, 2018 9:19am Jan 4, 2018 9:19am
Quoting P3rri
{quote} So it's a program that offer's Level 2/Level 3 charts in Forex? That is institutional level software. I am really impressed. That is the real way someone should daytrade. Does it also offer futures/stocks/indexes or only forex? Greetings, Perri.
It will pick up any instrument in your futures data feed. Think they offer some Equities now too. Its no good for bonds as the liquidity is so thick. Good on GC and ES.

Its nice to have but you dont really need it. I know a few institutional traders and they dont use it. Remember institutional traders will trade quite differently to you and I as they need to accumulate very large positions. This is the advantage a retail trader has over an institutional trader, we can deal anywhere on the chart they cannot.

You should know from a normal candle stick chart where the liquidity is.
Boxing clever since 76.
  • #31,614
  • Jan 4, 2018 10:44am Jan 4, 2018 10:44am
SHARP SHOOTER TRADE

Honestly, I was going to post the Trigger Line (or Number) last night, but got busy. No matter. I challenge anybody to show me where the rules that have been stated countless times in this thread are broken.

SHARP SHOOTER (and VSA in general) is about high probability trade set ups. Not predictions. Anyone could have seen the wide range Down bar on ultra high volume that closed off its low as strength. Once this bar is identified, a Trigger Line (or Number) is placed at its high. IF price changes behavior and trades thru the Trigger Line, and then pulls back towards it, then get long on a VSA sign of strength (typically No Supply or a Test).

I have noted the BreakOut Level 2 BUYING Aggression bar. This if for those aggressive traders who trade BOs. From a VSA perspective, you need to wait two intervals to see that it is Absorption volume. Which is strength. Because VSA teaches us that weakness, when it appears, usually appears on Up bars.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #31,615
  • Jan 4, 2018 10:52am Jan 4, 2018 10:52am
Quoting HiddenGap
SHARP SHOOTER TRADE Honestly, I was going to post the Trigger Line (or Number) last night, but got busy. No matter. I challenge anybody to show me where the rules that have been stated countless times in this thread are broken. SHARP SHOOTER (and VSA in general) is about high probability trade set ups. Not predictions. Anyone could have seen the wide range Down bar on ultra high volume that closed off its low as strength. Once this bar is identified, a Trigger Line (or Number) is placed at its high. IF price changes behavior and trades thru the...
Day in, day out...
Today's zone = Tomorrow's opportunity!
  • #31,616
  • Jan 4, 2018 7:59pm Jan 4, 2018 7:59pm
AUD looking nice to enter in pullback to the down side.
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Know yourself before fight with the market.
  • #31,617
  • Jan 4, 2018 8:26pm Jan 4, 2018 8:26pm
Quoting copi88
...You should know from a normal candle stick chart where the liquidity is.
Please show it.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,618
  • Jan 5, 2018 12:03am Jan 5, 2018 12:03am
Quoting HiddenGap
I have noted the BreakOut Level 2 BUYING Aggression bar. This if for those aggressive traders who trade BOs. From a VSA perspective, you need to wait two intervals to see that it is Absorption volume. Which is strength. Because VSA teaches us that weakness, when it appears, usually appears on Up bars. {image}
Hi HG, the following bar to one you marked as BO with absorption is an hidden upthrust, & this upthrust is followed by a ND, in realtime shouldn't you be wary about this lil sequence here. Where was your trade entry on this chart if you could show us. Or after this BO would you look for entries on lower TF?

thanks

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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #31,619
  • Jan 5, 2018 2:45am Jan 5, 2018 2:45am
Quoting Trader-Waldo
{quote} Please show it.
Post a chart and tell me where you think you would find liquidity?
Boxing clever since 76.
  • #31,620
  • Edited 4:59am Jan 5, 2018 4:46am | Edited 4:59am
From 'The Trend Is Your Friend until it's not.' department:

AUDUSD long on low vol up close over trigger line of dip congestion reversal bars.

(Fun while it lasted. Stopped out at break even.)
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