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vsa with Malcolm

  • #32,101
  • Sep 5, 2019 1:04am Sep 5, 2019 1:04am
Quoting HiddenGap
{quote} Absolutely! The 7 best things you can do to learn Volume Spread Analysis (VSA) are: (1) Read Master the Markets by Tom Williams. (2) Re-read Master the Markets by Tom Williams. (3) See #2. (4) Read this thread. Pay particular attention to posts by Malcomb and Pres78, but always be mindful that there are many valuable posts in this thread. For example, the recent posts by Gauer are top-notch. (6) Post: Post questions. Post analysis. Don't worry if it is hindsight-if it is there in hindsight, it was there in real-time. But your objective is...
A very clear plan thanks now starting my journey of reading mtm continuously..
learning...
  • #32,102
  • Sep 5, 2019 1:38am Sep 5, 2019 1:38am
There's also "Undeclared Secrets that Drive the Stock Market", Tom Williams first book.

I don't think I've read more than the first chapter, but there are people that have posted on this thread that its a better book because it doesn't push Tradeguider as much as MTM.

But I've literally read MTM over a dozen times, it's a solid book.
  • #32,103
  • Sep 5, 2019 1:49am Sep 5, 2019 1:49am
Quoting Anotan
There's also "Undeclared Secrets that Drive the Stock Market", Tom Williams first book. I don't think I've read more than the first chapter, but there are people that have posted on this thread that its a better book because it doesn't push Tradeguider as much as MTM. But I've literally read MTM over a dozen times, it's a solid book.
It is true that so many pages in MTM is used to introduce TradeGuider software, which looks like a software manual (I dislike this). However, since his first book has not been translated in my mother-language(mainly many TERMS I am not familiar with), I prefer to start with MTM first then go further books..
learning...
  • #32,104
  • Sep 5, 2019 6:04am Sep 5, 2019 6:04am
Quoting Anotan
There's also "Undeclared Secrets that Drive the Stock Market", Tom Williams first book. I don't think I've read more than the first chapter, but there are people that have posted on this thread that its a better book because it doesn't push Tradeguider as much as MTM. But I've literally read MTM over a dozen times, it's a solid book.
Really? I didnīt finish the first book because I got to the half of it and thought it was exactly the same book as MTM. Ang given that MTM is at the 3rd edition, I preferred sticking to the most recent edition, it seemed better written. I really donīt mind the tradeguider examples in the book, it actually made me understand better the concepts and the thought process behind tradeguider, so I could apply it on MT4.
  • #32,105
  • Sep 5, 2019 6:53am Sep 5, 2019 6:53am
Quoting Gauer
{quote} Really? I didnīt finish the first book because I got to the half of it and thought it was exactly the same book as MTM. Ang given that MTM is at the 3rd edition, I preferred sticking to the most recent edition, it seemed better written. I really donīt mind the tradeguider examples in the book, it actually made me understand better the concepts and the thought process behind tradeguider, so I could apply it on MT4.
welcome to VSA world .... may i add something .... VSA is not all about getting optimized entry ... with VSA you will be able to recognize :
- Major Trend, be a trend follower and you will be amazed how VSA can increase your trading skill and profit
- Retracement, a temporary reversal in the movement
- Start and End of the trend ... to get optimized target
- and off course the optimized entry with minimum risk

so you have to put your effort to understand and to recognize all above things so not only entry point .... and dont forget to use a good money management ...

good luck ....
  • #32,106
  • Sep 5, 2019 7:23am Sep 5, 2019 7:23am
dogol.

I said that VSA allows you to enter at the danger point with tight stops, but of course I didnīt mean that it ONLY does that. Of course I know about everything you posted, check my screenshots. It helps in all stages of a trade, pre entry, entry, management, exit.
  • #32,107
  • Sep 5, 2019 7:39am Sep 5, 2019 7:39am
Quoting Gauer
dogol. I said that VSA allows you to enter at the danger point with tight stops, but of course I didnīt mean that it ONLY does that. Of course I know about everything you posted, check my screenshots. It helps in all stages of a trade, pre entry, entry, management, exit.
it is actually not for you ... it looks like you are already VSA expert ... sorry i mean it was for hefei as new comer to VSA .... (wrong quote)

happy trading ....
  • #32,108
  • Sep 5, 2019 8:08am Sep 5, 2019 8:08am
EURUSD pre market/overnight overview: Prices kept pushing higher, holding gains. Good signs if you are a bull. Of course the market stopped me out almost to the tick and then proceeded going higher. Value is developing higher, also contributes to the bullish tone. The market broke yesterdayīs profile high with swell in volume, conviction and follow through, as we wanted to see it if prices were to keep getting higher. On 1H timeframe you can see a beautiful example of David Weisīs "where to fish for trades" map, picture perfect. Two springs happened at that spot, instant buys if at the market. Forecast still gives the edge to the bulls until the sellers show themselves. This could happen when price reaches the high volume node of the composite profile from a couple of days ago. Took a long position.

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  • #32,109
  • Sep 5, 2019 8:26am Sep 5, 2019 8:26am
Just for fun then, here is a merged TPO including all days since price got detached from another composite profile. You can see that there are several anomalies, the market usually comes back to "repair" those areas and construct that nice bell shaped curve. Of course it might never come back down here, but it happens more often than not.

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  • #32,110
  • Sep 5, 2019 10:55am Sep 5, 2019 10:55am
Little update. Potential place for a long according to the trade map:

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  • #32,111
  • Sep 5, 2019 11:32am Sep 5, 2019 11:32am
Update: got stopped out and entered again, one lesson I never learn is waiting for the price to reach the edges of the channels before taking a trade. Letīs see how this one goes. I am still with a bullish bias.

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  • #32,112
  • Sep 5, 2019 9:55pm Sep 5, 2019 9:55pm
EURUSD NY wrap up: Price pushed even higher during the NY session, reached the 1.108 level where it met good selling and reversed to close back inside the value area, right at the POC. Price started drifting horizontally and still in the same area. I ended up closing that last long position, it never took off. Market at the moment is a bit hard to read, some ambiguous info from time based and tick charts, better wait till tomorrow until we have a better cleaner reading, never good to force trades. For me the bulls still have an edge, price is in an uptrend so far and it is the sellers that need to show themselves, the last wave down seems to have been caused by profit taking from longs.

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  • #32,113
  • Sep 6, 2019 5:35am Sep 6, 2019 5:35am
Hi all, thought I'd post another chart with some of my noob analysis.
Euro - bearish bar with the open of European Stock Exchanges (which is often high volume), couple of bars later an up thrust bar(?)- followed by a narrower range bar with greater volume which closed near it's low (distribution?). Close of this bar would have been ideal place to sell (in hindsight).
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It's bad luck to be superstitious
  • #32,114
  • Sep 6, 2019 7:30am Sep 6, 2019 7:30am
EURUSD overnight overview/pre market analysis: There was not much development overnight, price is still confined to a tight range, either accumulating or distributing. By the clues given so far, I would say it is distributing because of the bearish tone. 1H also looks weak. The TPO chart is negatively skewed and price is not breaking above POC. We wanna see price breaking the line in the sand with strength before looking for short setups.

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  • #32,115
  • Sep 6, 2019 8:23am Sep 6, 2019 8:23am
Negative US economic news release used to trap ingenuous bulls?

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  • #32,116
  • Sep 6, 2019 9:04am Sep 6, 2019 9:04am
89 tick chart corroborating weakness and bull trap hypothesis:

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  • #32,117
  • Sep 6, 2019 7:42pm Sep 6, 2019 7:42pm
Great to see the thread is still alive and kicking !

I am still out there trading like a mad man using combination of open range and vsa
Blogging daily now at www.volume.zone
  • #32,118
  • Sep 6, 2019 7:48pm Sep 6, 2019 7:48pm
Oil trade us reversal today . Open range high and low of first 30 min of us stock market open ( kind of acts as a support and resistance zone but is when bulk of volume is traded)

1. Down bar uhv
2 . Next bar up so bar at 1 has to be buyers
3 . Sweet test bar on volume this is the proof that the range will break to he upside .

Enty is above the test bar stop below low of open range
Will post chart tomorrow as not able to load png images
Blogging daily now at www.volume.zone
  • #32,119
  • Sep 6, 2019 8:39pm Sep 6, 2019 8:39pm
Quoting hefei
{quote} Hi ,HiddenGap I am a newcomer to FF forum, and it is also the first time to know the VSA method. This thread seems to have started for a very long time. After reading several main speakers in the post, it seems that only you are still active now. From your reply, you seems highly admire the replies of MALC and PRES78, so I am now ready to study this thread while watching Master the markets (MTM) by Tom, and especially the replies of several people you mentioned. Do you think this is a good way to learn？ after all, the prices they...
The best way to learn vsa is to subscribe to one of the many course that tradeguider sell. They talk a lot about the software in those courses but if you can see through that sales talk the information in the course is pretty good .

Hidden gaps posts are a true gold mine of information . He always details then well

I do have a YouTube channel that I post videos in once in a while one of my last posts youtube.com/watch?v=4WvIDP3WnuE. You might learn something off the videos there
Blogging daily now at www.volume.zone
  • #32,120
  • Sep 6, 2019 9:58pm Sep 6, 2019 9:58pm
Hi Malcolm, I'm new commer to your thread. It's great to see the thread starter still posting after some nine years since first started. Great inspiration.
It's bad luck to be superstitious
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