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vsa with Malcolm

  • #32,181
  • Sep 14, 2019 4:23pm Sep 14, 2019 4:23pm
What can we say about Dow daily friday ? Narrow spread

we can expect to see some sellers as it close to major all time highs and resistance

we nee need to be careful be trying to sell this intraday and pick tops unless for strong sow come in

27050 is my line in sand to start looking to trade sell day other than that I will trade buy days as strong chance I could get another 300 points day like I did last week
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  • #32,182
  • Sep 14, 2019 5:32pm Sep 14, 2019 5:32pm
Hi there my friend. Ah I see.

I see what you mean, the 30min I use only for the market profile TPO charts. I like to trade off the 5min fits more my style and personality.

I took that long because it was at a demand confluence, price springed back inside the uptrend channel right at the demand line and above another support level from where price springed earlier. Demand is supposed to show up there, we saw bullish effort vs result. From my point of view, price was still making higher highs and lows in the lower timeframe so, still in an uptrend. I saw that we were in a downtrend in the 1H, kind of an old downtrend already, price broke the supply line of the downtrending channel (of the 1H) and was having difficulty to go lower from there. When I took the trade there was no selling pressure at support, VSA showing bullish effort vs result. It had all the criteria I needed to open the trade, then I just take the trade automatically. We always assume it can go wrong, so I take the trades mostly at the danger point with tight stops, where the market will quickly tell you if you are right or wrong, as David Weis says. Regarding moving averages, I don't use them anymore, ditched them some years ago, sometimes I just load a 200SMA quickly to check why price stopped all of a sudden (If I need more clues), but then delete it right away. Moving averages and candles confuses me haha.
  • #32,183
  • Sep 14, 2019 9:07pm Sep 14, 2019 9:07pm
Quoting malcolmb14
Dow two bar reversal .. some sellers near resistance .. we have to see reaction to that then Friday narrow spread down bar ny bet they drop price to 27150 then have another go at a break out will see how monday unfold
Have you seen Russell?

Looks like its loaded with sellers as well. Nice up thrust and a ND as price fell.
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  • #32,184
  • Sep 14, 2019 9:17pm Sep 14, 2019 9:17pm
Quoting Gauer
I took that long because it was at a demand confluence, price springed back inside the uptrend channel right at the demand line and above another support level from where price springed earlier.
I'm just done with USD, but I would've have made the same trade.. Price just stalled at the high of the 1h ECB bar on Thursday.

I was watching the short that coolmakina posted and was thinking it's going to bounce at 1.066. I laughed when you posted the trade.
  • #32,185
  • Sep 15, 2019 12:04am Sep 15, 2019 12:04am
Quoting Gauer
Hi there my friend. Ah I see. I see what you mean, the 30min I use only for the market profile TPO charts. I like to trade off the 5min fits more my style and personality. I took that long because it was at a demand confluence, price springed back inside the uptrend channel right at the demand line and above another support level from where price springed earlier. Demand is supposed to show up there, we saw bullish effort vs result. From my point of view, price was still making higher highs and lows in the lower timeframe so, still in an uptrend....
valid reasons according to your style .... if it works for you and you are constantly profitable do not change it .

i use a 14 sma as it's give a good indication of trend or flat market
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  • #32,186
  • Sep 15, 2019 12:06am Sep 15, 2019 12:06am
Quoting Anotan
{quote} Have you seen Russell? Looks like its loaded with sellers as well. Nice up thrust and a ND as price fell. {image}
Selkers will always be around area of resistance . It's the reaction at this point that's good to see

retail trader are 70 percent net short Dow
Blogging daily now at www.volume.zone
  • #32,187
  • Sep 15, 2019 12:07am Sep 15, 2019 12:07am
Quoting Anotan
{quote} I'm just done with USD, but I would've have made the same trade.. Price just stalled at the high of the 1h ECB bar on Thursday. I was watching the short that coolmakina posted and was thinking it's going to bounce at 1.066. I laughed when you posted the trade.
If price is going to reverse off a support it will always form a lower high/ test ... safe entry is on the test
Blogging daily now at www.volume.zone
  • #32,188
  • Sep 15, 2019 12:34am Sep 15, 2019 12:34am
There are a million ways to make money in forex ... even a coin flip will work if you have good money management

my style is 30 min charts , background and catch large moves (last week caught gold $20 twice oil 150 and Dow 200 ) .. no stress trading just looking at intraday charts and history of prior day and not being in a hurry to trade each day .

trend formation is easy to spot ...
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  • #32,189
  • Sep 15, 2019 4:35am Sep 15, 2019 4:35am
Quoting maiying
{quote} Do you have Chinese and English subtitled video tutorials?，
dude I am sure that there is no Chinese translation of these videos. but those 3 vsa books all have a translation, you can learn them first. Also, if you want to learn these video courses now, then baidu 'gozdx' go their website, and ask their professionals( I think they are good at translating these trading-related materials) to help you to subtitle the video, by the way, very very expensive!
learning...
  • #32,190
  • Sep 15, 2019 6:09am Sep 15, 2019 6:09am
Hi there malcom, I forgot to mention that I find interesting that you get confused by 5m charts! I mean, If I took a screenshot here of all timeframes (1M, 5M, 15M, 30M, etc..) and removed the timeframe information from the chart, you wouldnīt know what is what! All looks the same to me.
  • #32,191
  • Sep 15, 2019 7:05am Sep 15, 2019 7:05am
Quoting Gauer
Hi there malcom, I forgot to mention that I find interesting that you get confused by 5m charts! I mean, If I took a screenshot here of all timeframes (1M, 5M, 15M, 30M, etc..) and removed the timeframe information from the chart, you wouldnīt know what is what! All looks the same to me.

Looks same but 30 min charts give an old man more time to think .. leave those 5 min charts for sharper minds 😂
Blogging daily now at www.volume.zone
  • #32,192
  • Sep 15, 2019 8:11am Sep 15, 2019 8:11am
Market phases
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  • #32,193
  • Sep 15, 2019 9:02am Sep 15, 2019 9:02am
Quoting malcolmb14
Market phases {image}
Similar to the schematics on Hank Prudenīs book "The Three Skills of Top Trading"
  • #32,194
  • Sep 15, 2019 9:15am Sep 15, 2019 9:15am
Quoting Gauer
{quote} Similar to the schematics on Hank Prudenīs book "The Three Skills of Top Trading"

Wycoff has been around since 1910 ..... hank pruden copied his ideas
Blogging daily now at www.volume.zone
  • #32,195
  • Sep 15, 2019 10:43am Sep 15, 2019 10:43am
Quoting hefei
{quote} dude I am sure that there is no Chinese translation of these videos. but those 3 vsa books all have a translation, you can learn them first. Also, if you want to learn these video courses now, then baidu 'gozdx' go their website, and ask their professionals( I think they are good at translating these trading-related materials) to help you to subtitle the video, by the way, very very expensive!

Maybe we pay to get them done and resell them .. 😂
Blogging daily now at www.volume.zone
  • #32,196
  • Sep 15, 2019 1:33pm Sep 15, 2019 1:33pm
Quoting malcolmb14
{quote} Wycoff has been around since 1910 ..... hank pruden copied his ideas
Yeah he was one of those modern Wyckoff specialists, he passed away not long ago. All the VSA stuff is a copy/ modern adaptation of Wyckoff.

I have read/watched every book/course available about Wyckoff/VSA you can think of, the only approach I didn't like is from the guys at www.wyckoffanalytics.com
  • #32,197
  • Sep 15, 2019 7:44pm Sep 15, 2019 7:44pm
Quoting malcolmb14
{quote} Maybe we pay to get them done and resell them ..
Then you may lose money... i bet there are not more than 5 Chinese people willing to buy here. there are too few Chinese in the forum. lol
learning...
  • #32,198
  • Sep 15, 2019 7:48pm Sep 15, 2019 7:48pm
Quoting hefei
{quote} then you may lose money... I bet there are not more than 5 chinese people willing to buy here. There are too few chinese in the forum. Lol
我是中国人啊
Come from China and ask for help. I want to learn Trading Systems.
  • #32,199
  • Sep 15, 2019 8:03pm Sep 15, 2019 8:03pm
Quoting maiying
{quote} 我是中国人啊
你交易国内市场还是国外市场，，
learning...
  • #32,200
  • Sep 15, 2019 8:10pm Sep 15, 2019 8:10pm
Quoting hefei
{quote} 你交易国内市场还是国外市场，，
我已经发私信给你了，可以在资料页面里面查。我做外汇，ic平台
Come from China and ask for help. I want to learn Trading Systems.
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