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vsa with Malcolm

  • #31,701
  • Jan 23, 2018 10:34am Jan 23, 2018 10:34am
question to the VSA old timers; is Philip Friston a hedge fund manager?

I did a search in google; but all I find are courses and webinars.
  • #31,702
  • Jan 23, 2018 7:08pm Jan 23, 2018 7:08pm
Quoting alphadude
question to the VSA old timers; is Philip Friston a hedge fund manager? I did a search in google; but all I find are courses and webinars.
He used to be. He's retired. Now he trades his own account (i'm guessing) and teaches for Tradeguider. A few years back, he co-wrote all the SOS and SOW definitions with Tom Williams. That means, after Malcolm and Pres78, he's the best source to learn our beloved VSA.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #31,703
  • Jan 28, 2018 5:17am Jan 28, 2018 5:17am
Welcome everybody. Glad to find such an interesting thread. I'm scalping YM and DAX on MT4 but with help of futures volumes. Learning VSA and discovering it works on any TF including my favorite one which is M1 was a nice surprise. I will follow this thread and Malcolm's blog - so much useful info. Thanks!
  • #31,704
  • Feb 2, 2018 7:56am Feb 2, 2018 7:56am
Nearing the H of the EURUSD UHV zone from Jan 31st... should see some support / interested buyers in this area.
Today's zone = Tomorrow's opportunity!
  • #31,705
  • Feb 2, 2018 9:13am Feb 2, 2018 9:13am
Quoting pres78
Nearing the H of the EURUSD UHV zone from Jan 31st... should see some support / interested buyers in this area.
Some support was seen at the H now down testing the 50% level...
Today's zone = Tomorrow's opportunity!
  • #31,706
  • Feb 2, 2018 9:39am Feb 2, 2018 9:39am
Surprisingly straight forward NFP. No SL hunting or fake outs. Just mark price back into previous selling and drop it.
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  • #31,707
  • Feb 3, 2018 8:01am Feb 3, 2018 8:01am
Hi guys,

Got a lot of posts to catch up on but if anyone, like me, is in need of some material to help understand VSA better then the tradeguider youtube channel has a lot of great videos on just FYI.

Cheers
  • #31,708
  • Feb 3, 2018 9:27am Feb 3, 2018 9:27am
Quoting Seshwaan
Hi guys, Got a lot of posts to catch up on but if anyone, like me, is in need of some material to help understand VSA better then the tradeguider youtube channel has a lot of great videos on just FYI. Cheers
dont be lazy and read the whole forum. then only then suggest something else
  • #31,709
  • Feb 4, 2018 5:04am Feb 4, 2018 5:04am
Quoting Seshwaan
Hi guys, Got a lot of posts to catch up on but if anyone, like me, is in need of some material to help understand VSA better then the tradeguider youtube channel has a lot of great videos on just FYI. Cheers
I followed your advice checked some videos and they focus too much on the software which is no surprise. I'd rather see those that talk more about the pure VSA and how to read the market without the help of advanced indicators. Exactly how Malcolm does it on his blog.
  • #31,710
  • Feb 6, 2018 4:06am Feb 6, 2018 4:06am
Quoting alphadude
{quote} dont be lazy and read the whole forum. then only then suggest something else

Not sure how that is lazy? Didn;t I say I had a lot of posts to catch up on aswell?
  • #31,711
  • Feb 6, 2018 4:27am Feb 6, 2018 4:27am
I use the footprint chart generated by a Ninjatrader indicator. However, I suspect the data shown by the indicator might be wrong. Can someone upload a footprint chart for the same bars of 6E so that I can compare ? Thanks in advance.
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  • #31,712
  • Feb 8, 2018 10:47am Feb 8, 2018 10:47am
Quoting pooh123
I use the footprint chart generated by a Ninjatrader indicator. However, I suspect the data shown by the indicator might be wrong. Can someone upload a footprint chart for the same bars of 6E so that I can compare ? Thanks in advance. {image}
is that today?
  • #31,713
  • Feb 8, 2018 8:09pm Feb 8, 2018 8:09pm
Quoting stoxos
{quote} is that today?
It was Feb 6th.
  • #31,714
  • Feb 9, 2018 4:49am Feb 9, 2018 4:49am
Quoting pooh123
{quote} It was Feb 6th.
Two different data feeds to check
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  • #31,715
  • Feb 9, 2018 6:16am Feb 9, 2018 6:16am
Quoting stoxos
{quote} Two different data feeds to check {image} {image}
Thank you so much Stoxos ! The data shown on my footprint chart is almost identical to yours. Now I can trust it. By the way, your 2nd chart is from Ninjatrader. Is that chart from the footprint study of the latest Ninjatrader 8 or a customized indicator ?
  • #31,716
  • Feb 10, 2018 12:33pm Feb 10, 2018 12:33pm
Last 3 weeks volumes in EU GU and GJ were amazing.
Infact party has just begun.
as per VSA it can be a possible top and distribution. but it can be re accumulation too on higher TFs.
When we look at big picture this is happening in the upper half of Brexit week, which means some old trapped positions have been cleared along with panic/forced selling Which happened in Dow Jones and Dax too.

I am looking for long term trades in GJ and GU with targets GU 1.50 and GJ 160. Obviously after confirmation.
I will be looking for low volumes in 1.34 - 1.37 areas in GU and 1.47 - 1.51 area in GJ once volumes are reduced followed by higher volume up bars i will jump in.

Any comments are welcomed, especially from Pres, HiddenGap, and Malcolm
Holy Grail - Patience and Acceptance
  • #31,717
  • Feb 12, 2018 2:34am Feb 12, 2018 2:34am
I understand the logic of drawing the trigger line at the top of a HV widespread down bar to look for a possible break and long set up

But what I see is often see is widespread up bars being broken and retested and then price carrying on up with the trend.

So my question is does it really matter if the HV widespread bar is an up bar or down bar? Surely the most important thing is that it is broken and retested and that is what gives us the direction
  • #31,718
  • Feb 12, 2018 6:10am Feb 12, 2018 6:10am
Quoting greenscreen
I understand the logic of drawing the trigger line at the top of a HV widespread down bar to look for a possible break and long set up But what I see is often see is widespread up bars being broken and retested and then price carrying on up with the trend. So my question is does it really matter if the HV widespread bar is an up bar or down bar? Surely the most important thing is that it is broken and retested and that is what gives us the direction
The market is much more than seeing a high volume bar being broken then retested.

But to answer your question, in the beginning I would stick with only looking for longs off down bars and shorts off up bars. This is a place where you should start your journey into reading volume.

What you're ultimately trying to achieve is gaining an understanding of market behavior and the experience to see it in real time. I know this sounds like an obvious statement that has no real meaning behind it, but really what I'm trying to tell you don't fall into a trap of looking for patterns or some magic formula.

Instead of falling into a pattern pit, stay focused and constantly ask yourself, what is the market trying to tell me? Obsess and do everything you can to find out why a move happened. Explain to yourself over and over the principals behind the market.

Here is an example of what I see today, unfortunately I missed the trade because I slept in today.
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  • #31,719
  • Feb 12, 2018 9:09am Feb 12, 2018 9:09am
Quoting greenscreen
I understand the logic of drawing the trigger line at the top of a HV widespread down bar to look for a possible break and long set up But what I see is often see is widespread up bars being broken and retested and then price carrying on up with the trend. So my question is does it really matter if the HV widespread bar is an up bar or down bar? Surely the most important thing is that it is broken and retested and that is what gives us the direction
Of course, taking a long trade from the H or 50% of a UHV up bar zone could well be a viable play.

When it comes to UHV zones we could be seeing a couple of things...

 

  1. A change in "trend" (I use that term loosely) with a say a down move ending with a UHV climax down bar. We see accumulation, a break of the H and a test to go long.
  2. A continuation of "trend" with a move back towards a previous swing H, we then get a UHV up bar which takes out said previous swing H, some re-accumulation take out the H and a test to go long.
  3. Opposites of 1 and 2 for shorts...

All that said we need to consider the background structure of the market and what current PA is telling us. Because that UHV down bar from my point #1 above could just as well end up being a SOW if we've taken out a previous swing low...

Today's zone = Tomorrow's opportunity!
  • #31,720
  • Edited 9:48pm Feb 13, 2018 9:23pm | Edited 9:48pm
No one is buying USDCAD.

If it runs, 13:1 RR trade. VSA and Pres78's VZA is some really good stuff.
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