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vsa with Malcolm

  • #32,701
  • Feb 22, 2020 11:34pm Feb 22, 2020 11:34pm
Quoting Anotan
{quote} You're doing well with VSA, your terminology is a bit off but you still have the right idea.
i'm honored and humbled. it means a lot.
Quoting Anotan
{quote}IMO your biggest hurdle is patience.
that's what i am trying to develop by following you guys on this forum.
Quoting Anotan
{quote}*Two bars after #3 is a hidden test, it dips below the previous bar, closes up and both the body and bar are narrow.
another addition to my understanding
Quoting Anotan
{quote} #4 that is a text book no supply, the bar and body are narrow in range.
got it. i was more focused on first downbar closing in middle as test but not as ideal one (mentioned it in chart) that i forgot to mention narrower on lower volume as no supply. I'll update it in my chart as you highlighted.
Quoting Anotan
{quote} Looking at chart 1, you can see that there really hasn't been any confirmation of the strength, so odds are that price will want to come back down in a day or two and retest either bar #2 or #3.
IMO, stopping volume was confirmed by next upbar but yeah that's alone is not enough to confirm the strength at #2. after your review i looked at chart again and found no signs of NS or test yet. is that why you expect a down leg?
Quoting Anotan
{quote} This is where patience comes in, waiting for strength to be confirmed.
honestly, i am excited that my psychological aspect (towards patience) is improved after reading above two points because after Anotan's review i questioned myself (asked above as well, which could go wrong for sure, lol. that's why i have asked it).
Quoting Anotan
{quote} I kinda of view scalps as a way to pad your account so a scalp here I would be risking less money than I would a normal trade. On chart 1, if/when price comes back down and successfully test the strength, there I would start entering in with bigger position trades.
gentlemen, that's a straightforward trading idea for coming days.

in the end, thank you very much Anotan. i really appreciate it.
  • #32,702
  • Feb 23, 2020 12:07am Feb 23, 2020 12:07am
Quoting attique08
{quote} IMO, stopping volume was confirmed by next upbar but yeah that's alone is not enough to confirm the strength at #2.
That's my fault.. I don't mean confirmation, what I mean on Chart 1 we didn't really see buyers proving they in control until price was marked up in late in Friday's session. So because we are just now seeing signs that buyers are in control, I'm anticipating that price will come off and test bar 2 or 3 again.

I like see signs that buyers are supporting price, most of the time I look for HHs (but there are times when I'll take a successful test back into the same area as the stopping volume). In my head I call buyers supporting price, confirmation. Which is confusing because I will also say a test is confirmed when the next bar closes above the test's high.

One thing also on AUD is the massive two bar reversal on Monthly. There is strength coming in on H1, I could see price coming down to 6595 Monday or Tuesday and testing and then rallying up to 6650-6670 then resuming the down trend so that's something to keep in mind as well.
  • #32,703
  • Edited 1:24am Feb 23, 2020 12:31am | Edited 1:24am
Quoting Anotan
{quote} on Chart 1 we didn't really see buyers proving they in control until price was marked up in late in Friday's session. So because we are just now seeing signs that buyers are in control, I'm anticipating that price will come off and test bar 2 or 3 again. I like see signs that buyers are supporting price
if i try to simplify it for myself and beginners like me it would be as follows:
once we see buyers in control pushing price higher (late in Friday's session), as per ebb and flow dynamics, we'll witness higher highs and higher lows because whenever we have a dip (profit-taking or sellers trying to get it) buyers will come in to support the market. if market gets a significant support sellers will back down (getting exhausted or not fighting the market) and next up leg will start by making sure that there would be little to no sellers anymore which would be hinted by no-supply and test bars as confirmation and it establishes the fact that now buyers are in control in that market.

well, that's how i could simplify it, pardon me.
  • #32,704
  • Feb 23, 2020 6:42am Feb 23, 2020 6:42am
Quoting attique08
First look at AUDUSD {image} after looking at immediate lower time frame for confirmation {image} If market retraces without any bearish activity and later shows no supply, test i'll go long in AUDUSD. P.S. suggestions/corrections/review is requested, please.
I would look buys after that price is above that upper trendline. Now in downtrend, I would look sell signals just under the upper trendline and close for my sells I would look at the lower trendline.

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  • #32,705
  • Feb 23, 2020 8:13am Feb 23, 2020 8:13am
two bar reversal

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  • #32,706
  • Feb 24, 2020 4:12am Feb 24, 2020 4:12am
hello friends how to this area analysis vsa.i am very tired it
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  • #32,707
  • Feb 24, 2020 4:57am Feb 24, 2020 4:57am
Quoting thisara1
hello friends how to this area analysis vsa.i am very tired it {image}
Nothing wrong to trade M5, but it could be helpful to have trend channels from H4 and H1. Try to do that first, and it should be easier.
  • #32,708
  • Feb 24, 2020 8:19am Feb 24, 2020 8:19am
NJ Short..

It's all there. High volume, rejection, sellers taking control.
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  • #32,709
  • Feb 24, 2020 8:32am Feb 24, 2020 8:32am
Kicking myself right now, I stayed out of au and nzd because of the monthly 2 bar reversal on au.

I didn't like au because price at today's market open dropped below Friday's low. I did like nzd because, well market open stayed above Friday's low.

All of the signs were there, high volume on Friday, there was a test on the HV close with a rally, and today there was a mini shakeout back into the lows.
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  • #32,710
  • Feb 24, 2020 8:36am Feb 24, 2020 8:36am
Quoting Anotan
NJ Short.. It's all there. High volume, rejection, sellers taking control. {image}
Closed this down for +17. Price is finding buyers just below the market open low. Basically finding strength off the nzd.
  • #32,711
  • Feb 24, 2020 9:13am Feb 24, 2020 9:13am
Quoting Anotan
Kicking myself right now, I stayed out of au and nzd because of the monthly 2 bar reversal on au. I didn't like au because price at today's market open dropped below Friday's low. I did like nzd because, well market open stayed above Friday's low. All of the signs were there, high volume on Friday, there was a test on the HV close with a rally, and today there was a mini shakeout back into the lows. {image}
interestingly we discussed it on weekend. you pointed out the need of patience and confirmation. i am in too. i'll share later my setup with comments for others as well.

Quoting thisara1
hello friends how to this area analysis vsa.i am very tired it {image}
that was a good one opportunity on M5. but honestly, i feel more comfortable following m15 and above.
  • #32,712
  • Feb 24, 2020 9:18am Feb 24, 2020 9:18am
Quoting attique08
{quote} that was a good one opportunity on M5. but honestly, i feel more comfortable following m15 and above.
yes it right friends
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  • #32,713
  • Feb 25, 2020 9:42am Feb 25, 2020 9:42am
Quoting thisara1
{quote} yes it right friends {image}
Nice chart.

Nice trade.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #32,714
  • Edited 1:10pm Feb 25, 2020 12:37pm | Edited 1:10pm
Here is the setup which worked for me today. sadly closed this trade earlier and could get only 1R. I scalped AUDUSD AUDCAD on M15 today and lost both trades because of ignoring high volume upthrust and no demand after that just because of being biased and additionally i bought on upbar; both were sheer mistakes. JPY trade was taken with patience missing in early morning trades.
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Though with strength in gold today i went long in LO session but made a a serious and hilarious mistake at same time (threatening to account precisely). using PositionSizeCalculator i just set my SL and placed order. I saw a surge in equity and critically tried to find out immediately how on earth the market was going into my favor like that and found that It was a huge lot. that calculator actually sorted things in gold same as currencies. lol. unintentionally, it was a huge sixer. instead of jumping with joy i closed it immediately because if odds would had gone against me i could have lost 25% of my account in a short time.
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  • #32,715
  • Feb 26, 2020 3:11am Feb 26, 2020 3:11am
Entered with tight SL; breakeven later; single trade for break is enough. Practicing patience.

While there was bearish activity on 4 why did i buy then? Well, it wasn't playing out. it was a short-term uptrend. and that bearish activity was met by demand later. multiple sos while approaching high of sell off and later break out of LO and previous day 1H HVZ led me to buy the gold.
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  • #32,716
  • Feb 26, 2020 3:52am Feb 26, 2020 3:52am
Quoting attique08
Entered with tight SL; breakeven later; single trade for break is enough. Practicing patience. While there was bearish activity on 4 why did i buy then? Well, it wasn't playing out. it was a short-term uptrend. and that bearish activity was met by demand later. multiple sos while approaching high of sell off and later break out of LO and previous day 1H HVZ led me to buy the gold. {image}
no demand indicator never repaint attique08?
  • #32,717
  • Feb 26, 2020 3:54am Feb 26, 2020 3:54am
Quoting HiddenGap
{quote} Nice chart. Nice trade.
thank you HiddenGapwhy not share now trade setup?
  • #32,718
  • Feb 26, 2020 4:32am Feb 26, 2020 4:32am
Hi HiddenGap and All,

Just a quick question, VSA Principles on HTFs / LTFs? There is clear Weakness in the background, 3 Arrowed Bars. Chart shows todays move down but before the move VSA gave signals of No Demand ("ND") and Failed Test, i draw Weekly, Daily and 12-hr TFs, S/R Zones but mainly look at VSA night movement off these S/R Zones. Price later tested this ND / FT Zone before the big down move. Would anyone comment on this regarding VSA Principles on HTFs (3-hr or 4-hr TFs) / LTFs? Thanks
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  • #32,719
  • Feb 26, 2020 5:43am Feb 26, 2020 5:43am
Quoting thisara1
{quote} no demand indicator never repaint attique08?
it repaints but doesn't bother me. i just use it to quickly identify where was the low volume (volume lower than previous 2).

it was a perfect short opportunity where market went across HVZ of sell-off of previous week, HVZ of yesterday and LO low with single widespread downbar on very high volume. everything was perfectly aligned as there was climactic activity yesterday in background additionally in same HVZ of sell off. I just checked the market. if i had witnessed it earlier, without a second thought i would had sold it.
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  • #32,720
  • Feb 26, 2020 7:58am Feb 26, 2020 7:58am
Quoting attique08
{quote} it repaints but doesn't bother me. i just use it to quickly identify where was the low volume (volume lower than previous 2). it was a perfect short opportunity where market went across HVZ of sell-off of previous week, HVZ of yesterday and LO low with single widespread downbar on very high volume. everything was perfectly aligned as there was climactic activity yesterday in background additionally in same HVZ of sell off. I just checked the market. if i had witnessed it earlier, without a second thought i would had sold it. {image}
thank you friend
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