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vsa with Malcolm

  • #31,801
  • May 3, 2018 7:23am May 3, 2018 7:23am
Quoting albern
Bump.. {image}
wait for the price to close above the close of the test bar you are showing ... currently you bought under it .

USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buy
Blogging daily now at www.volume.zone
  • #31,802
  • May 3, 2018 7:43am May 3, 2018 7:43am
Quoting malcolmb14
{quote} wait for the price to close above the close of the test bar you are showing ... currently you bought under it . USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buy
looking at 4 hour USDCAD may head down ... there was heavy supply on up bars yesterday , evident on both 4 hour and 60 min

Today markets are in tight consolidation
Blogging daily now at www.volume.zone
  • #31,803
  • May 3, 2018 8:18am May 3, 2018 8:18am
Quoting malcolmb14
{quote} wait for the price to close above the close of the test bar you are showing ... currently you bought under it . USD CAD is in a tight consolidation for days now. ....I woul like to see price move above 1,2850 and a valid test to confirm the buy
Thanks for the replies, hope we get too see a bit more from you.

I was just coming back to explain why I did what I did.

CAD has been going sideways for the past 2 weeks. Basically just fibbed the highest volume on the 1 hour chart on the top and bottom of this consolidation area we are in, which gives us the edges to play.

Attached Image (click to enlarge)
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I do think USDCAD will drop as well, but I'm just waiting for price to drop below the lower zone and then come back and retest. There is a perfect example of this from the accumulation area from earlier in April. Take the highest zone from that area wait for price to push out and come back and retest.

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  • #31,804
  • May 3, 2018 10:05am May 3, 2018 10:05am
Calling it a day, if it hits it will be a 4.7:1 RR.

Just saying, I really hate the trading adage "You can't go broke by taking profit". Taking profit too soon will reduce your RR and if your win rate can't support your RR, you will go broke.
Attached Image (click to enlarge)
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  • #31,805
  • May 3, 2018 9:49pm May 3, 2018 9:49pm
Quoting HiddenGap
REALLY?? 2. Sign Of Strength (SOS): Pretty obvious. In this case I would call that bar Demand Swamping Supply (DSS). Moreover, this bar is a truly beautiful example of a Key Reversal Bar (KRB). It has: 1. Open lower than the previous Close 2. Makes a lower low than the previous interval 3. Makes a lower low than the 3 previous intervals 4. Closes higher than it Opens 5. Closes higher than the previous Close 6. Closes in top 75% of its range 7. Has increasing, but not excessive, volume. * The fact that it is engulfing is a bonus, not a necessity....
Trading futures mainly instead of Forex now unless I want a position in an exotic, having said that, I trade with the jigsaw platform and you can see iceberg orders stacking at the trigger lines you draw. Algos will stack orders "iceberg" protecting price, If the level holds price will continue much like you commented on previous sharp shooter posts. Now that there is no spoofing in the market allowed, its the best way to protect a position level.
Its awesome to see vsa work on a level 2.
  • #31,806
  • May 4, 2018 4:19am May 4, 2018 4:19am
Quoting HiddenGap
{quote} To be fair, there is no entry (short) on this 15 minute chart, unless you're willing to enter after the Gotcha Bar. The SHARP SHOOTER Strategy is to wait for the move back towards the Trigger Line. A Valid signal came at 1315 hrs as price tried to move back into the HiddenGap. As far as your volume goes, you have to trade what you see my friend.
I love it when climactic action occurs near s/r levels along those skyscrapers within our charts (e.g. WRB's), that's where the magic happens most often than not, and can allow for taking smaller risks with possibly big rewards...
  • #31,807
  • May 4, 2018 7:42am May 4, 2018 7:42am
Quoting Sonofsin5
{quote} Trading futures mainly instead of Forex now unless I want a position in an exotic, having said that, I trade with the jigsaw platform and you can see iceberg orders stacking at the trigger lines you draw. Algos will stack orders "iceberg" protecting price, If the level holds price will continue much like you commented on previous sharp shooter posts. Now that there is no spoofing in the market allowed, its the best way to protect a position level. Its awesome to see vsa work on a level 2.
Hello Son, coud you provide a screenshot of this issue?

P.S. Do you still use SmartVsa suite?
  • #31,808
  • May 4, 2018 8:34am May 4, 2018 8:34am
Quoting albern
{quote} Thanks for the replies, hope we get too see a bit more from you. I was just coming back to explain why I did what I did. CAD has been going sideways for the past 2 weeks. Basically just fibbed the highest volume on the 1 hour chart on the top and bottom of this consolidation area we are in, which gives us the edges to play. {image} I do think USDCAD will drop as well, but I'm just waiting for price to drop below the lower zone and then come back and retest. There is a perfect example of this from the accumulation area from earlier...
Good times...

I brought up my stop yesterday because I knew today was NFP and I wouldn't have checked the market until late in the session. Looks like it would have paid better to keep the stop in place, which I normally do.

Don't get me wrong, I'm not complaining and if I had to do it all over again I would still have moved up my stop with NFP around the corner.
Attached Image (click to enlarge)
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  • #31,809
  • May 4, 2018 9:18am May 4, 2018 9:18am
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  • #31,810
  • May 4, 2018 9:26am May 4, 2018 9:26am
Quoting HiddenGap
All VSAers have to be able to see this. Take a look at the chart below. Notice the first black arrow. It points to a Wide Range Bar (WRB) on Ultra High Volume. The following bar has INCREASING volume but a decreasing range. It is a squat. In VSA we might term this interval a Buying Climax. We might even go further and note this interval has massive effort with little result. Not only is there little result in terms of range, but the close is well off the high. Two intervals later, we see a ND bar; which also turns out to be the first bar in a Two...

Hey HiddenGap,

I read this today and waited for it on non -farm.... and boom got the long from 129.95

Goodstuff!!
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  • #31,811
  • May 4, 2018 4:22pm May 4, 2018 4:22pm
Quoting Fred-IV
{quote} Hello Son, coud you provide a screenshot of this issue? P.S. Do you still use SmartVsa suite?
Hi Fred,

Yes I still use SmartVSA.
I will gladly take a screenshot the next time I see the market reacting the way mentioned/Iceberg orders although a screen shot does not do it justice since this type of order happens in real time with continual bids/offers added to the tape.
Here is a shot video explaining what I am talking about.
Inserted Video
  • #31,812
  • May 5, 2018 4:25am May 5, 2018 4:25am
Quoting Sonofsin5
{quote} Hi Fred, Yes I still use SmartVSA. I will gladly take a screenshot the next time I see the market reacting the way mentioned/Iceberg orders although a screen shot does not do it justice since this type of order happens in real time with continual bids/offers added to the tape. Here is a shot video explaining what I am talking about. https://www.youtube.com/watch?v=DV8BTUSZwNw
Thanks for sharing.

BTW, who did you piss of that they are disliking all of your posts?

lol petty people.
  • #31,813
  • May 7, 2018 4:04am May 7, 2018 4:04am
Quoting albern
{quote} Thanks for sharing. BTW, who did you piss of that they are disliking all of your posts? lol petty people.
there will always be haters out there..

I have not even posted in forever but managed to get someone that started ignoring me 18 hours ago.... lol ... must be one of my ex wives
Blogging daily now at www.volume.zone
  • #31,814
  • May 7, 2018 4:05am May 7, 2018 4:05am
oil is in a beautiful trend on higher time frames and giving many good entries on a 30 min within the trend (enter on tests or no supplies)

Target 75
Blogging daily now at www.volume.zone
  • #31,815
  • May 7, 2018 4:06am May 7, 2018 4:06am
I am starting to trade crypto using vsa .... mostly ETH off a 30 min. Gavin and the boys make it look so easy thought I would try .... not so easy lol
Blogging daily now at www.volume.zone
  • #31,816
  • May 7, 2018 4:07am May 7, 2018 4:07am
Quoting malcolmb14
I am starting to trade crypto using vsa .... mostly ETH off a 30 min. Gavin and the boys make it look so easy thought I would try .... not so easy lol
what I have noticed in the crypto is to take more notice of the ultra low volume bars in the trend than the ultra high volume bars
Blogging daily now at www.volume.zone
  • #31,817
  • May 7, 2018 6:42am May 7, 2018 6:42am
Quoting malcolmb14
{quote} must be one of my ex wives
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  • #31,818
  • Edited 3:30am May 8, 2018 2:41am | Edited 3:30am
Took a few losses over the past couple of days, but finally found the winner.

8:1 RR.. after expenses 5:1 RR.

*EDIT* I can't do math apparently.. 11:1RR and 8:1RR after expenses.

I didn't label it, but you can see the 2 bar on the M30 for entry.
Attached Image(s) (click to enlarge)
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  • #31,819
  • May 8, 2018 3:06am May 8, 2018 3:06am
Watching EURUSD with interest.

Although we haven't really seen the bulls take control just yet, it seems like there was buying on May 2nd-4th, and yesterday looks like a low volume test. Lets wait and see if the bulls push it up.
Attached Image (click to enlarge)
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  • #31,820
  • May 10, 2018 10:55am May 10, 2018 10:55am
Hello all,
I did not take this trade but I thought it was a great example of intraday strength and a vsa setup very similar to what @hiddengap has been showing in his sharpshooter posts.
5 min chart. I look to trade this setup, it is visible on every time frame.
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