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vsa with Malcolm

  • #32,121
  • Sep 6, 2019 10:38pm Sep 6, 2019 10:38pm
Quoting malcolmb14
{quote} 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 .
Awesome to see your posts.

I was going to mention TG videos and courses, but they are a bit "sales intensive" so I didn't mention them. But I am the first to admit that I watch TG videos constantly (I'm actually watching one right now as I type this).
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #32,122
  • Sep 7, 2019 1:22am Sep 7, 2019 1:22am
Quoting malcolmb14
{quote} 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

Great video, explained very well how your open ranges work.

It seems like ORs work even for the Asian session.
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  • #32,123
  • Sep 7, 2019 4:55am Sep 7, 2019 4:55am
Quoting Anotan
{quote} Great video, explained very well how your open ranges work. It seems like ORs work even for the Asian session. {image}

Depenfs on what hat you are trading . If you are trading joy mad or Aussie maybe .

I trade indexes oil and gold . For Dax I use it's or , Dow I use it's or ( us session ) and for oil and gold I typically use when futitres market opens as that's when highest liquidity is there
Blogging daily now at www.volume.zone
  • #32,124
  • Sep 7, 2019 7:45am Sep 7, 2019 7:45am
Quoting Anotan
{quote} Great video, explained very well how your open ranges work. It seems like ORs work even for the Asian session. {image}
If you wanna learn the OR properly read "Day Trading With Short Term Price Patterns and Opening Range Breakout" by Toby Crabel. I donīt use it because I like to wait for a hour or so after the NY session open, market profile influence (unless there is a picture perfect setup right at the open: spring or upthrust).
  • #32,125
  • Sep 8, 2019 11:13am Sep 8, 2019 11:13am
Silver weekly has a massive upthrust . Keep eyes on it this week for selling on sow
Blogging daily now at www.volume.zone
  • #32,126
  • Sep 8, 2019 11:15am Sep 8, 2019 11:15am
Quoting Gauer
{quote} If you wanna learn the OR properly read "Day Trading With Short Term Price Patterns and Opening Range Breakout" by Toby Crabel. I donīt use it because I like to wait for a hour or so after the NY session open, market profile influence (unless there is a picture perfect setup right at the open: spring or upthrust).

I have also developed a whole set of different setups .

if we get a fake open break out to upside with sow like an upthrust or supply entering market I sell as soon as price re enters the open the range ... typically this set up will mark a market top for the day

this week will post some charts
Blogging daily now at www.volume.zone
  • #32,127
  • Sep 8, 2019 1:36pm Sep 8, 2019 1:36pm
Quoting malcolmb14
{quote} I have also developed a whole set of different setups . if we get a fake open break out to upside with sow like an upthrust or supply entering market I sell as soon as price re enters the open the range ... typically this set up will mark a market top for the day....(emphasis added)
I found Volume Spread Analysis (VSA) back in the day when I was attempting to discover a way to better trade ACD (Mark Fisher's opening range breakout strategy).
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #32,128
  • Sep 8, 2019 5:33pm Sep 8, 2019 5:33pm
Quoting malcolmb14
{quote} this week will post some charts
I'm curious how you would trade this situation.

Oil on Sept 3rd, price breaks below the US OR, but we see clear buying come in.

Would you buy this below the OR, or would you wait for price to break the high of the OR before buying it? Or would you just find something else to trade?
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  • #32,129
  • Edited 6:02pm Sep 8, 2019 5:49pm | Edited 6:02pm
Quoting Anotan
{quote} I'm curious how you would trade this situation. Oil on Sept 3rd, price breaks below the US OR, but we see clear buying come in. Would you buy this below the OR, or would you wait for price to break the high of the OR before buying it? Or would you just find something else to trade? {image}

I would biy as as soon as oil came back info the open r age after the fake break out . When we get fake break outs it can mark lows or highs of day

although in saying that if I had made money on the down move I would not be trading oil to the upside . I look to make one to three trade a day ( one trade per asset ) and once I have made my profit for day I stop trading . Over trading can really damage an account

the reversal on the day may indicate an up move the following session

rhe other thing with oil .. the real volume alsways kicks in when is futures market opens , right now that coincides with Us stock market open .. draw your open range for us session on the 3 rd it will blow your mind as it actually picked the exact bottom reversal confirmed by vsa
Blogging daily now at www.volume.zone
  • #32,130
  • Sep 8, 2019 5:54pm Sep 8, 2019 5:54pm
Quoting malcolmb14
{quote} I would biy as as soon as oil came back info the open r age after the fake break out . When we get fake break outs it can mark lows or highs of day
You just answered that too in a previous post.

Thanks, I understand completely now.
  • #32,131
  • Sep 8, 2019 11:33pm Sep 8, 2019 11:33pm
The price breaks the candle. It's on uptrend now.
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  • #32,132
  • Sep 8, 2019 11:54pm Sep 8, 2019 11:54pm
Quoting andrern2000
The price breaks the candle. It's on uptrend now. {image}

Early as it's Asia

usd not eur really move in Asia

Best time to trade eurusd is London and us

also we have to know when to trade . I gauge how active a market is by watching my quotes screen on my phone . The more price changes per second the more volume in the market . Currently I have ten assets on my quote screen and I get one flash every three seconds meaning no one is home but the cleaners 😂
Blogging daily now at www.volume.zone
  • #32,133
  • Sep 8, 2019 11:56pm Sep 8, 2019 11:56pm
Red gbp news in 4.5 hours. Gbp should have some good volatility . I will wait till 30 min after the news and see if there is a trade set up
Blogging daily now at www.volume.zone
  • #32,134
  • Sep 9, 2019 2:42am Sep 9, 2019 2:42am
All quiet so far

gold is sell sow under 1515 with potential 1495/1487

gbp red news up in two hours might have an impact on markets and put fire under them as currently they are full and not volatile
Blogging daily now at www.volume.zone
  • #32,135
  • Sep 9, 2019 2:45am Sep 9, 2019 2:45am
Quoting malcolmb14
All quiet so far gold is sell sow under 1515 with potential 1495/1487 gbp red news up in two hours might have an impact on markets and put fire under them as currently they are full and not volatile
Its starting to pick up a little bit, was able to grab an EJ long and NCad short.
  • #32,136
  • Sep 9, 2019 2:50am Sep 9, 2019 2:50am
Gbpusd placing buy stop 2285 .60 forming demand bar as it's closing near highs

looks like news will drive it up
Blogging daily now at www.volume.zone
  • #32,137
  • Sep 9, 2019 3:42am Sep 9, 2019 3:42am
Quoting malcolmb14
looks like news will drive it up
buying at top of daily range.
News will drive it, yes, but not yet.
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  • #32,138
  • Sep 9, 2019 5:16am Sep 9, 2019 5:16am
Quoting malcolmb14
Gbpusd placing buy stop 2285 .60 forming demand bar as it's closing near highs looks like news will drive it up

Took 70 on that one ... lovely vsa set up off the bottom
Blogging daily now at www.volume.zone
  • #32,139
  • Sep 9, 2019 5:18am Sep 9, 2019 5:18am
I just posted this chart in the Real Trading thread, looks like AUDUSD is breaking out of a 4 week accumulation area after it shook out the lows from Dec. 2018.

Worth a few set and forget trades I think.
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  • #32,140
  • Sep 9, 2019 7:17am Sep 9, 2019 7:17am
EURUSD overnight:

Market opened and is inside the range of friday, ping ponging inside an even tighter range. Only thing that gives a hint of bearishness are the TPO charts (value developing slight lower, last two profiles negatively skewed, merged profiles even more negative), but so far very hard to tell the intentions of the big players. By the size and shape of the overnight profile, we can see that weak hands a controlling the market (small balanced profile), the inventory is net long, so probably (if the prices are to move lower), price now is gonna develop above overnightīs profile and "correct" the inventory. Then it needs to be accepted below the "line in the sand level" I market on the chart (green support line), prices needs to break it with high volume, wide spread and then stay there. Price is compressing and will burst in one direction, we need to pay attention to the clues.

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