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vsa with Malcolm

  • #32,321
  • Oct 29, 2019 7:56am Oct 29, 2019 7:56am
Quoting malcolmb14
very interesting two bar reversal set uop daily oil will be looking for weakness and selling below 55.5 for move into 54.15 {image}
this trade was triggered early London and is currently 54.95 with stops break even
Blogging daily now at www.volume.zone
  • #32,322
  • Oct 29, 2019 7:59am Oct 29, 2019 7:59am
Quoting Rrrracer
{quote} Great book. Volume/VSA can definitely add another dimension to your trading, but as with anything in this racket, it can be subjective... you've already got a solid foundation, it's quite useful to lean your analysis against and add weight to your decisions.

actually is not subjective at all .......once you spend the time learning it.

the thing that new vsaers do not understand is that smart money is not in the market all the time ... and therefore they read something into every bar

also they totally forget background ... last 200 bars on a 30 min chart .

My trade success is close to 85 % .. to accruate to be subjective.
Blogging daily now at www.volume.zone
  • #32,323
  • Oct 29, 2019 8:22am Oct 29, 2019 8:22am
watch gold and dow in us ...

something is going on

gold had a $8 shake out in the middle of London , no news nothing .. looks like trap as now everyone is talking 1465.

also dow as long as she remains under 27080 its sell rallies due to the weakness we saw yesterday
Blogging daily now at www.volume.zone
  • #32,324
  • Nov 3, 2019 10:14pm Nov 3, 2019 10:14pm
Good morning

we have an interesting chart on gold , on the 30 min there was an upthrust on Friday and back ground on the 60 min over last few days looks like potential distribution .

I am watching for any sign of a break down of the currentl1516 to 1506 channel and will be selling sow after if that break down happens

I would like to see tha 60/30 curl down in order to confirm the weakness that I believe is there
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4651.PNG Size: 207 KB
Blogging daily now at www.volume.zone
  • #32,325
  • Nov 4, 2019 5:25am Nov 4, 2019 5:25am
Quoting malcolmb14
{quote} actually is not subjective at all .......once you spend the time learning it. the thing that new vsaers do not understand is that smart money is not in the market all the time ... and therefore they read something into every bar also they totally forget background ... last 200 bars on a 30 min chart . My trade success is close to 85 % .. to accruate to be subjective.
How to identify if the smart money is in market or not? You are right we newbies do see every bar as a smart money tactic
  • #32,326
  • Nov 5, 2019 8:27am Nov 5, 2019 8:27am
Normally you can tell by flow .....like take gbpusd today for example just cop up and down no flow to it ..

However gold moved well in a nice downtrend.

also you can tell by the amount of volume in the market at any time (gauged by the amount of activity on your quote screen)
Blogging daily now at www.volume.zone
  • #32,327
  • Nov 5, 2019 8:28am Nov 5, 2019 8:28am
Quoting malcolmb14
Good morning we have an interesting chart on gold , on the 30 min there was an upthrust on Friday and back ground on the 60 min over last few days looks like potential distribution . I am watching for any sign of a break down of the currentl1516 to 1506 channel and will be selling sow after if that break down happens I would like to see tha 60/30 curl down in order to confirm the weakness that I believe is there {image}
today we saw the prior weakness play out and gold moved into 1490. I will be looking to sell sow providing that gold remains under 1505 area
Blogging daily now at www.volume.zone
  • #32,328
  • Nov 5, 2019 10:51pm Nov 5, 2019 10:51pm
good morning guys

some key vsa principles happening in Dow charts show some potential weakness on this so called break out.

Inserted Video
Blogging daily now at www.volume.zone
  • #32,329
  • Nov 6, 2019 12:41am Nov 6, 2019 12:41am
Good and Easy short yesterday on XAUUSD after London Open Range Break and re-test with ND & Failed Test confirming weakness .. lets see what today holds .. Cheers

Quoting malcolmb14
Normally you can tell by flow .....like take gbpusd today for example just cop up and down no flow to it .. However gold moved well in a nice downtrend. also you can tell by the amount of volume in the market at any time (gauged by the amount of activity on your quote screen)
  • #32,330
  • Nov 6, 2019 12:44am Nov 6, 2019 12:44am
On your Video, is that 11th November or is it meant to be 6th November ...

Quoting malcolmb14
good morning guys some key vsa principles happening in Dow charts show some potential weakness on this so called break out. https://youtu.be/M9raa-qQjIQ
  • #32,331
  • Nov 6, 2019 7:01am Nov 6, 2019 7:01am
Quoting malcolmb14
good morning guys some key vsa principles happening in Dow charts show some potential weakness on this so called break out. https://youtu.be/M9raa-qQjIQ
no sound ... will redo this later today
Blogging daily now at www.volume.zone
  • #32,332
  • Nov 6, 2019 7:02am Nov 6, 2019 7:02am
Quoting Danku
On your Video, is that 11th November or is it meant to be 6th November ... {quote}
lol this morning was a disaster no sound and wrong date ... note to self no videos before two cups of coffee....
Blogging daily now at www.volume.zone
  • #32,333
  • Nov 6, 2019 7:03am Nov 6, 2019 7:03am
In general the markets seem to be churning today in London session , no good set ups at all.

lest see what happens in the US session today.

Gold may be basing off 1484 area but I would like to see more confirmation of strength for entry
Blogging daily now at www.volume.zone
  • #32,334
  • Nov 7, 2019 5:10am Nov 7, 2019 5:10am
Nice push today for AJ, its been messy few days with price trying to push through a previous top.
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  • #32,335
  • Nov 7, 2019 7:30am Nov 7, 2019 7:30am
Basically same trade as AUDJPY. Try and see if I can hold this till 73.00
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  • #32,336
  • Nov 7, 2019 6:12pm Nov 7, 2019 6:12pm
Rate statement in 20 minutes, which can be very volatile, I think because of the time of day.

No selling pressure with the next bar up.
Attached Image (click to enlarge)
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  • #32,337
  • Nov 8, 2019 9:02am Nov 8, 2019 9:02am
Quoting malcolmb14
Good morning we have an interesting chart on gold , on the 30 min there was an upthrust on Friday and back ground on the 60 min over last few days looks like potential distribution . I am watching for any sign of a break down of the currentl1516 to 1506 channel and will be selling sow after if that break down happens I would like to see tha 60/30 curl down in order to confirm the weakness that I believe is there {image}
Great thread mate! Very good prediction too Really refreshing change to what I've been involved with so far! Will muck in with a few entry charts from Monday if OK with you.
  • #32,338
  • Nov 8, 2019 11:16pm Nov 8, 2019 11:16pm
Quoting Mtinifx
{quote} Great thread mate! Very good prediction too Really refreshing change to what I've been involved with so far! Will muck in with a few entry charts from Monday if OK with you.
sounds good to me

the predictions are a bit easier when you understand vsa. Smart money enter positions over days and often when they do this you can see thier footprints in the charts .

Gold now has broken under 1462 support so still selling rallies .. I believe if the weekly weakness plays out we head back to 1350 long term .. not that far away .
Blogging daily now at www.volume.zone
  • #32,339
  • Nov 9, 2019 5:43am Nov 9, 2019 5:43am
Quoting malcolmb14
{quote} sounds good to me the predictions are a bit easier when you understand vsa. Smart money enter positions over days and often when they do this you can see thier footprints in the charts . Gold now has broken under 1462 support so still selling rallies .. I believe if the weekly weakness plays out we head back to 1350 long term .. not that far away .
1350 sounds great!

I shall certainly get into understanding VSA more fully.

Was watching one of Simon Townshend's videos and quite interesting what he advises on identifying distribution/accumulation areas - looking for bar sizes. Looking for "magic Line Formation" He advises traders to completely ignore looking for breakout of trading ranges which can be dangerous of course - so many fakeys! I have attached the screenshot - don't know what you think - looks interesting?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 09_11_2019 , 11_38_08.png Size: 190 KB
  • #32,340
  • Nov 9, 2019 8:49am Nov 9, 2019 8:49am
Quoting Mtinifx
{quote} 1350 sounds great! I shall certainly get into understanding VSA more fully. Was watching one of Simon Townshend's videos and quite interesting what he advises on identifying distribution/accumulation areas - looking for bar sizes. Looking for "magic Line Formation" He advises traders to completely ignore looking for breakout of trading ranges which can be dangerous of course - so many fakeys! I have attached the screenshot - don't know what you think - looks interesting? {image}
link of the video? Please
thanks
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