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vsa with Malcolm

  • #32,601
  • Edited 12:22pm Feb 15, 2020 11:55am | Edited 12:22pm
Quoting attique08
{quote} Okay, i got it now. {quote} if i could comprehend it, you are saying: if it's supply/demand zone we should see poor/no result from effort while price penetrating into that zone combined with or followed by falling volume in same direction as confirmation of exhaustion. after that we need to see sos/sow accordingly.
yes, exactly
also you can do some practice for yourself, find the areas where the price reversed, try to read the reversal bar by bar, describe each bar by spread, volume, progress, result, look at the wicks, compare the bars with each other, describe the story, write it down
  • #32,602
  • Edited 1:29pm Feb 15, 2020 11:58am | Edited 1:29pm
Quoting attique08
looking at example of GBP, as you said there is no weakness in background while market was coming down. after you have pointed out, i closely look into widespread bars. and most of those bars are downbar on high volume followed by upbar. 1. is it something you were pointing out that marked drifted downward without a climactic action (weakness)? 2. if we have widespread downbars with high volume followed by upbars a potential sos. if low of these widespread bars is broken and test fails doesn't it mean it is weakness? please.
sorry my bad, I intended to write no strength in background, sorry for confusing you.
I've corrected the screenshot...

Take a look at xrpusd daily how it is reversing right now
  • #32,603
  • Feb 15, 2020 3:35pm Feb 15, 2020 3:35pm
Palm tree in the North Pole...famous VSA term.

If you had that trend channel, you would not try to sell in a uptrend. That is all to learn from this loss. It really is so simple.
  • #32,604
  • Feb 15, 2020 4:01pm Feb 15, 2020 4:01pm
Quoting juhanimi
Palm tree in the North Pole...famous VSA term. If you had that trend channel, you would not try to sell in a uptrend. That is all to learn from this loss. It really is so simple.
I wouldn't agree with this, one can take counter trend trades, because this might be it's end. Check the trades I posted, some of them are counter trend trades. Also a corrective wave which one "should not" trade might be a new trend wave
  • #32,605
  • Feb 15, 2020 4:03pm Feb 15, 2020 4:03pm
Quoting Blasterh22
{quote} here is an example (a reversal) that worked, it didn't had strength in background {image}
my friend can i have further analysis to the current bottom of USDCAD it seem's to be their is buying happening and my plan to have short
swing trade, i am worried that my trade may fail somehow

do you have telegram i may contact you i have alot questions, my vsa i not bad but still learning from my mistakes
  • #32,606
  • Feb 15, 2020 4:23pm Feb 15, 2020 4:23pm
Gavin would ask: Why would you sell in a up trend?

It might turn from here to down trend or it can go up next two weeks, we do not know yet, but trend is up atm.

Attached Image (click to enlarge)
Click to Enlarge Name: Trend is up or down.png Size: 90 KB
  • #32,607
  • Feb 15, 2020 7:23pm Feb 15, 2020 7:23pm
Quoting Anotan
I closed my short, for whatever reason this pair is find support off yesterday's high volume. {image}
Possible trend change ahead.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 96 KB
  • #32,608
  • Feb 16, 2020 1:22am Feb 16, 2020 1:22am
I'm kinda excited from seeing the volume discussion from the last day or two.

There I was thinking there were no more traders on ForexFactory trading volume, happy I was wrong!
  • #32,609
  • Feb 16, 2020 2:21am Feb 16, 2020 2:21am
i have been following malcolm, hiddengap then your posts and recently blasterh22's insight of VSA (there are lots of other contributors i believe but i have not gone through this whole thread up till now but honestly it's the thread i am following the most), i am amazed why do we need indicators in first place when we have kind enough volunteers like you guys who are helping us to understand VSA. i read somewhere in this thread that people don't post their failures. after my winning post, i loved to post my failure as well and i was more excited to know why was i wrong (though i made mistake of mixing a retracement with weakness - a flawed logic, indeed, thanks to blasterh22; but interestingly i could have achieved 2R if i had closed my trade which i was considering a weakness but was a mere retracement into a strong buy zone). i'll definitely love to post more of my failures instead of winnings.
  • #32,610
  • Feb 16, 2020 3:18am Feb 16, 2020 3:18am
Quoting mohdqallaf
{quote} my friend can i have further analysis to the current bottom of USDCAD it seem's to be their is buying happening and my plan to have short swing trade, i am worried that my trade may fail somehow do you have telegram i may contact you i have alot questions, my vsa i not bad but still learning from my mistakes
you know how they say "if you're afraid of wolves don't go to the woods", just use proper risk management and you'll be fine.
now my usdcad chart look very simple, I have a range and a few levels on it.
if you have questions just post your charts here, I'm sure there are more experienced traders here than me.
Attached Image(s) (click to enlarge)
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  • #32,611
  • Feb 16, 2020 3:49am Feb 16, 2020 3:49am
a few trade ideas for the next week
Attached Image(s) (click to enlarge)
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  • #32,612
  • Feb 16, 2020 4:45am Feb 16, 2020 4:45am
i was just looking at USDCAD and for learning purpose annotated my chart. as per my limited understanding, buyers are not exhausted yet.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH12.png Size: 67 KB
  • #32,613
  • Feb 16, 2020 4:53am Feb 16, 2020 4:53am
btw, off the topic question, isn't there anyway to adjust close of glued HLC bars in this ipolo bar bundles?
  • #32,614
  • Feb 16, 2020 5:40am Feb 16, 2020 5:40am
Quoting attique08
i was just looking at USDCAD and for learning purpose annotated my chart. as per my limited understanding, buyers are not exhausted yet. {image}

so in that H1 chart, what is trend there, it looks like it is down trend, so you should look only sell signals
  • #32,615
  • Feb 16, 2020 5:45am Feb 16, 2020 5:45am
Quoting attique08
btw, off the topic question, isn't there anyway to adjust close of glued HLC bars in this ipolo bar bundles?
what do you mean to adjust close?
  • #32,616
  • Feb 16, 2020 5:48am Feb 16, 2020 5:48am
Quoting Blasterh22
{quote} what do you mean to adjust close?
Nevermind. I mean horizontal length of close of each bar. Bars seems glued to each other, no spaces.
  • #32,617
  • Feb 16, 2020 5:50am Feb 16, 2020 5:50am
Quoting juhanimi
{quote} so in that H1 chart, what is trend there, it looks like it is down trend, so you should look only sell signals
I see. It means as there is no climactic action or significant sos yet so we should look for buyer's exhaustion.
  • #32,618
  • Feb 16, 2020 5:52am Feb 16, 2020 5:52am
Quoting attique08
{quote} I see. It means as there is no climactic action or significant sos yet so we should look for buyer's exhaustion.
Can you find any VSA sell signals in that down trend.
  • #32,619
  • Feb 16, 2020 6:19am Feb 16, 2020 6:19am
Quoting attique08
{quote} I see. It means as there is no climactic action or significant sos yet so we should look for buyer's exhaustion.
No not really so. It is simple.

In a down trend you are looking only sell signals.
In a up trend you are looking only buy signals.
  • #32,620
  • Feb 16, 2020 7:37am Feb 16, 2020 7:37am
Quoting juhanimi
{quote} Can you find any VSA sell signals in that down trend.
you may add whatever you feel missing, please.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 68 KB
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