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vsa with Malcolm

  • #31,641
  • Edited 2:10pm Jan 9, 2018 1:41pm | Edited 2:10pm
Thread is quiet.. people must still be on holiday.

Here is my trade, I don't have high hopes for it because of the ultra wide spread down bar in the background, IMO down bars with such an ultra wide spread are usually bearish.

Today I took a long though because of of the high(ish) volume bar just before London's open (white fib). It looks bullish because immediately price goes up responding positively to the potential buying and I bought as price came back down to test it.

If it does go my way, aiming for the high of the wide spread down bar 2512, little over 12:1 RR.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.jpg Size: 225 KB
  • #31,642
  • Jan 9, 2018 7:37pm Jan 9, 2018 7:37pm
Long in EU for scalp in Asian Session
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 114 KB
Click to Enlarge Name: Screenshot2.png Size: 92 KB
Know yourself before fight with the market.
  • #31,643
  • Jan 10, 2018 6:30am Jan 10, 2018 6:30am
Quoting Autrader
Long in EU for scalp in Asian Session {image} {image}

still in play
Know yourself before fight with the market.
  • #31,644
  • Jan 10, 2018 11:31pm Jan 10, 2018 11:31pm
Quoting albern
Thread is quiet.. people must still be on holiday. Here is my trade, I don't have high hopes for it because of the ultra wide spread down bar in the background, IMO down bars with such an ultra wide spread are usually bearish. Today I took a long though because of of the high(ish) volume bar just before London's open (white fib). It looks bullish because immediately price goes up responding positively to the potential buying and I bought as price came back down to test it. If it does go my way, aiming for the high of the wide spread down bar 2512,...
Taken out at BE on that USDCAD trade on Tuesday.

Yesterday's trade 7 pip stop 64 pip TP for a nice 9:1 RR.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM30.png Size: 45 KB
  • #31,645
  • Jan 12, 2018 1:49pm Jan 12, 2018 1:49pm
Autrader is scamer. Nobody can't make money like he ) he's jus promoting bookmap by showing superprofits and posting bookmap photos everytime ))
  • #31,646
  • Jan 13, 2018 8:46pm Jan 13, 2018 8:46pm
Quoting karolisl
Autrader is scamer. Nobody can't make money like he ) he's jus promoting bookmap by showing superprofits and posting bookmap photos everytime ))
I do not really think that you can scam a real money trade explorer you have everything in detail, the whole history every buy and entry...
Do Not Predict! React!
  • #31,647
  • Jan 13, 2018 9:32pm Jan 13, 2018 9:32pm
Quoting Autrader
{quote} still in play
how many monitors you have in total used for trading, what is their size?
why do you have so many monitors?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,648
  • Jan 14, 2018 1:40am Jan 14, 2018 1:40am
Quoting karolisl
Autrader is scamer. Nobody can't make money like he ) he's jus promoting bookmap by showing superprofits and posting bookmap photos everytime ))

I am not promoting anything, I just post what I think can be useful for other traders. Being profitable is not impossible, it is hard but you gotta focus on your own trading not in others to start your journey as a profitable career.
Know yourself before fight with the market.
  • #31,649
  • Jan 14, 2018 1:41am Jan 14, 2018 1:41am
Quoting Trader-Waldo
{quote} how many monitors you have in total used for trading, what is their size? why do you have so many monitors?
I have on 4 * 24" and 2 * 27" + total.

Because I like to see what I'm trading like a baby, I really like to see it on a big screen. And the other to check in real time what is happening on the markets.
Know yourself before fight with the market.
  • #31,650
  • Edited 1:13pm Jan 14, 2018 3:29am | Edited 1:13pm
Quoting albern
Thread is quiet.. people must still be on holiday. Here is my trade, I don't have high hopes for it because of the ultra wide spread down bar in the background, IMO down bars with such an ultra wide spread are usually bearish. Today I took a long though because of of the high(ish) volume bar just before London's open (white fib). It looks bullish because immediately price goes up responding positively to the potential buying and I bought as price came back down to test it. If it does go my way, aiming for the high of the wide spread down bar 2512,...
Hello Albern,
I am new to this vsa stuff - great explanation of your vol analyses... It opens my eyes - hope I can make similar decisions in my future trading... Tnx...
Are you profitable? I am not... yet...
  • #31,651
  • Jan 14, 2018 5:46am Jan 14, 2018 5:46am
Quoting P3rri
{quote} I do not really think that you can scam a real money trade explorer you have everything in detail, the whole history every buy and entry...
Take everything you see on FF with a grain of salt.

Unfortunately I can't provide any links or anything because I don't remember all the details, but something like 3 or 4 years ago there was a broker who got caught creating multiple profiles with TE's and were faking the results. People started noticing that a losing trades would be removed and reversed on the TE, I think the broker changing trades on the server.
  • #31,652
  • Jan 14, 2018 5:56am Jan 14, 2018 5:56am
Quoting P3rri
{quote} I do not really think that you can scam a real money trade explorer you have everything in detail, the whole history every buy and entry...
Thats the problem, that here you can show some brokers demo account like a real accounts or cheat history
  • #31,653
  • Jan 14, 2018 6:35am Jan 14, 2018 6:35am
Quoting Autrader
{quote} I have on 4 * 24" and 2 * 27" + total. Because I like to see what I'm trading like a baby, I really like to see it on a big screen. And the other to check in real time what is happening on the markets.
thank you for reply
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #31,654
  • Jan 14, 2018 11:06am Jan 14, 2018 11:06am
Quoting Autrader
{quote} still in play
Do you use ECN brokerage, with commission? Or simple account?

Because I'm setting up my trading mode scalping, but paying commission of 7 on an ECN account, it's very difficult.
  • #31,655
  • Jan 14, 2018 1:03pm Jan 14, 2018 1:03pm
Can you tell me what is this?
Attached Image
  • #31,656
  • Jan 14, 2018 5:20pm Jan 14, 2018 5:20pm
Quoting silence197
Can you tell me what is this? {image}

Information the big boys don't make trading decisions without.

But seriously,

OrderFlow:

The purple lines on the left are a Volume At Price indicator AKA Volume Profile

The red and green candles at the bottom are a representation of Delta. Delta, in this case does not refer to options pricing. Rather the difference between buying volume and selling volume.

The rows of numbers on the chart represent a form of charting known as Imbalace footprint charting. This shows the number of contracts traded at the bid and ask at each price level. Notice that some of the numbers are highlighted red or green. These represent imbalances (diagonally) of a predetermined amount.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #31,657
  • Jan 14, 2018 5:40pm Jan 14, 2018 5:40pm
Quoting HiddenGap
{quote} Information the big boys don't make trading decisions without. But seriously, OrderFlow: The purple lines on the left are a Volume At Price indicator AKA Volume Profile The red and green candles at the bottom are a representation of Delta. Delta, in this case does not refer to options pricing. Rather the difference between buying volume and selling volume. The rows of numbers on the chart represent a form of charting known as Imbalace footprint charting. This shows the number of contracts traded at the bid...
thanks for your clear explanation
  • #31,658
  • Jan 14, 2018 8:47pm Jan 14, 2018 8:47pm
Quoting HiddenGap
{quote} Information the big boys don't make trading decisions without. But seriously, OrderFlow: The purple lines on the left are a Volume At Price indicator AKA Volume Profile The red and green candles at the bottom are a representation of Delta. Delta, in this case does not refer to options pricing. Rather the difference between buying volume and selling volume. The rows of numbers on the chart represent a form of charting known as Imbalace footprint charting. This shows the number of contracts traded at the bid...

Cant have a better explanation.
Know yourself before fight with the market.
  • #31,659
  • Jan 14, 2018 8:49pm Jan 14, 2018 8:49pm
Quoting silence197
Can you tell me what is this? {image}
Stuck Sellers,

If market has a sell orders hitting the bid and price is not moving what does that mean?


Seller selling and price not moving down?

Market not reacting to sellers meaning market its absorbing orders, so the most likely right side of the market is the other.
Know yourself before fight with the market.
  • #31,660
  • Jan 15, 2018 9:17am Jan 15, 2018 9:17am
Quoting silence197
Can you tell me what is this? {image}

Hi Silence,

As per usual HG explanation was excellent. Attached is a chart previously marked up and posted in another thread, it may offer some additional insight into the concept of absorption. Besides the bid/offer market orders represented in the OF candles, note the divergence between candle color and delta (located numerically at bottom of the chart labeled AskV-BidV).

The study of bid/offer orders and general orderflow can be very worthwhile and indeed they are tools found in many professional's toolboxes, both for analysis and more commonly for entry trigger. Let me offer a few pointers for anyone looking to test out and learn about these tools:

-Generally, OF candles are best set to either Range or Reversal candles, standard time based candles are more limited in their usage.

-For absorption signals, besides the actual absorption of orders at the extreme of candle as indicated in chart below, an additional filter of "minimum total volume" for a candle can help weed out "weak signals". Alternatively, on thinner markets or days, you can filter by checking what % of total volume does the delta represent.

-Lastly, as with most orderflow tools, they are great at displaying the "now" of the market. Indeed, you can think about OF candles as a type of partially spliced out trading DOM or Ladder. The emphasis of this point is that once these tools have been understood correctly, the entries you should be taking should have very tight SL. The management of your trades can be done on an intraday, swing, or even position trading scale, but the initial entry should be treated a bit more as a scalp. This is just an advice to try and maximize the utility of these tools, obviously everyone can trade them as the see fit.

Best,
N

Attached Image (click to enlarge)
Click to Enlarge Name: Mini Absorption BvO.png Size: 67 KB


PS Just about every platform (mt4 excluded) has a free version of these tools available, most are as good as the expensive paid versions... there is no reason to go out of pocket while learning.
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