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vsa with Malcolm

  • #32,801
  • Mar 5, 2020 10:28am Mar 5, 2020 10:28am
Quoting attique08
that's how i am looking at it. {image}
very useful friend thank you

contribution zone
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  • #32,802
  • Mar 5, 2020 6:53pm Mar 5, 2020 6:53pm
Quoting attique08
that's how i am looking at it. there is still a tug war going on. {image}
tp hit..
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  • #32,803
  • Mar 5, 2020 10:27pm Mar 5, 2020 10:27pm
Quoting attique08
that's how i am looking at it. there is still a tug war going on. {image}
yesterday it was ranging. neither of one side was heavy. at 9 there was stopping volume which was right at close of 1 (rejection) and after that there was a narrower bar with low volume (vol lower than prev 2) and closing off the high was followed by another rally up to same level (10) where it was rejected earlier twice. that rejection (10) led to another test of close of 1 as shown at 11 and 12 and it has closed in ranging zone again.
from VSA point of view it is making sense to me. that was a late nigh opportunity and these are still working days. so i was not around.
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@thisara1 from point of view of market profile or volume profile (i don't know what are you using exactly), as you have highlighted that there is B profile followed by P profile probably. i guess P profile after B were sellers and rejection was clear signal for you to sell? or was it something else?
  • #32,804
  • Mar 5, 2020 11:51pm Mar 5, 2020 11:51pm
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  • #32,805
  • Mar 6, 2020 12:15am Mar 6, 2020 12:15am
Quoting attique08
{quote} yesterday it was ranging. neither of one side was heavy. at 9 there was stopping volume which was right at close of 1 (rejection) and after that there was a narrower bar with low volume (vol lower than prev 2) and closing off the high was followed by another rally up to same level (10) where it was rejected earlier twice. that rejection (10) led to another test of close of 1 as shown at 11 and 12 and it has closed in ranging zone again. from VSA point of view it is making sense to me. that was a late nigh opportunity and these are still...

hellow friend learn 1st day mp profile type.
(1. Normal Day - profile structure in which prices auction between two extremes. Extremes are usually established in the opening hour causing a wide initial balance. Prices will then rotate back and forth without upsetting the initial balance.

2. Normal variation of a normal day - similar to a normal day in which prices auction back and forth between two points. However, the initial balance is usually narrower until the other time frame market participant will extend the range sometime during the trading session. The initial balance is usually upset during the morning session.

3. Trend day - Buyer or seller remains in control the entire day. Prices usually will not return to the opening price. There is a high level of confidence attracting new market participants fueling the rally or decline.

4. Double distribution trend day - Similar to a Trend day except for a quiet morning session. Confidence among market participants are not as strong as a Trend day. However, later in the trading session strong buyers or sellers enter the market extending the range. Example: late afternoon decline

5. Nontrend day - Usually occurs before a significant news. Low confidence among market participants causing prices to remain choppy with no direction. Usually a good day to take a break.

6. Neutral day - Both sellers and buyers are present but hold similar opinions on value of price. Prices will usually rotate below and above the opening price. The market is in balance.)

i will share free with you(pdf)
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File Type: pdf Dalton,_J_-_Dalton,R_B-__Jones,_E_-_Markets_in_Profile.pdf   3.6 MB | 832 downloads
  • #32,806
  • Mar 6, 2020 1:08am Mar 6, 2020 1:08am
Quoting thisara1
{quote} hellow friend learn 1st day mp profile type. (1. Normal Day - profile structure in which prices auction between two extremes. Extremes are usually established in the opening hour causing a wide initial balance. Prices will then rotate back and forth without upsetting the initial balance. 2. Normal variation of a normal day - similar to a normal day in which prices auction back and forth between two points. However, the initial balance is usually narrower until the other time frame market participant will extend the range sometime during...
appreciated. i'll look into it. thank you.
  • #32,807
  • Mar 6, 2020 1:26am Mar 6, 2020 1:26am
Quoting attique08
{quote} appreciated. i'll look into it. thank you.

short today eurnzd contribution zone down side
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  • #32,808
  • Mar 6, 2020 1:40am Mar 6, 2020 1:40am
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  • #32,809
  • Mar 6, 2020 4:08am Mar 6, 2020 4:08am
Quoting thisara1
{quote} hellow friend learn 1st day mp profile type. (1. Normal Day - profile structure in which prices auction between two extremes. Extremes are usually established in the opening hour causing a wide initial balance. Prices will then rotate back and forth without upsetting the initial balance. 2. Normal variation of a normal day - similar to a normal day in which prices auction back and forth between two points. However, the initial balance is usually narrower until the other time frame market participant will extend the range sometime during...
Thanks for sharing.
  • #32,810
  • Mar 6, 2020 4:15am Mar 6, 2020 4:15am
Nice little trade on ACAD.

I entered long on a 2 bar reversal, which was followed immediately by a ND . Luckily the next bar was a NS that showing that no sellers were around which let price move up nicely.

One thing this trade helped me notice is that price likes to react with bars with bigger wicks. ACAD took me a minute to figure out because the widespread up bar on Mar 4 also had a reaction to the close. I ultimately choose Mar 3rd, because how the Mar 3rd close was resistance turned support.
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  • #32,811
  • Mar 6, 2020 4:19am Mar 6, 2020 4:19am
Quoting Anotan
One thing this trade helped me notice is that price likes to react with bars with bigger wicks.
This is kinda what I mean.

Quoting Anotan
I just had one trade today, that I closed out at BE. I shorted the 2 bar reversal in Asia, but there was a Franky fake out that ended up being a 2 bar reversal on big volume. It was too risky to hold a short so I closed it. See what this looks like tomorrow. {image}
On this trade if I had paid better attention to the big wick on Mar 2nd instead of a BE trade, I could have walked away with a nice win. The volume is kinda hard to see on that Mar 2nd bar, but comparing it to the previous few bars, there is a big jump indicating that pros where active on this bar.
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  • #32,812
  • Edited 8:31pm Mar 6, 2020 8:11pm | Edited 8:31pm
Quoting Anotan
{quote} This is kinda what I mean. {quote} On this trade if I had paid better attention to the big wick on Mar 2nd instead of a BE trade, I could have walked away with a nice win. The volume is kinda hard to see on that Mar 2nd bar, but comparing it to the previous few bars, there is a big jump indicating that pros where active on this bar. {image}
In my opinion to trade with VSA, we dont need so precisely to have the best entry point. It is just enough to follow the trend (background) that is why we need a good money management. Dont be afraid to take an entry as long as you trade according to the background your risk is minimized. A good money management for VSA trader should be enough with Balance/50000.

if your target just 50 pips daily on each pair with recent volatility it will give you almost every day, i will show you where is a good entry point according to background in your chart EU and ACAD if you start to trade around London (entry after closing bar at vertical line).

blue line - entry follow the trend
red line - entry counter trend (in counter trend use lower lot size to reduce the risk), I put the counter trend entry because if you trade around London sometimes you have to wait to make an entry to your trading level ..... and if you know that your trading level still 50 pips away so therefore I put it on chart.

trade well ... happy nice weekend ... i'm still learning so i could be wrong as always ...
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  • #32,813
  • Mar 6, 2020 9:57pm Mar 6, 2020 9:57pm
useful indcator Jagg modified this thank you friend
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  • #32,814
  • Mar 6, 2020 10:26pm Mar 6, 2020 10:26pm
thank you for your contribution. we all are here to learn from each other.
Quoting dogol
{quote} In my opinion to trade with VSA, we dont need so precisely to have the best entry point. It is just enough to follow the trend (background) that is why we need a good money management. Dont be afraid to take an entry as long as you trade according to the background your risk is minimized. A good money management for VSA trader should be enough with Balance/50000. if your target just 50 pips daily on each pair with recent volatility it will give you almost every day, i will show you where is a good entry point according to background in your...
i heard somewhere that "Don't make VSA hard; wait for excessive volumes and then look for simple setups" I've been trying to get used to it myself. as per your mentioned approach i think the key is Money Management that's the actual boss of whole trading system. Because nobody is sure if move with rising volume in direction of trend is going to sustain or we'll witness opposite pressure right after that. but yeah it can be adopted if we have put the risk we can afford to lose.
  • #32,815
  • Edited 10:59pm Mar 6, 2020 10:48pm | Edited 10:59pm
Quoting attique08
thank you for your contribution. we all are here to learn from each other. {quote} i heard somewhere that "Don't make VSA hard; wait for excessive volumes and then look for simple setups" I've been trying to get used to it myself. as per your mentioned approach i think the key is Money Management that's the actual boss of whole trading system. Because nobody is sure if move with rising volume in direction of trend is going to sustain or we'll witness opposite pressure right after that. but yeah it can be adopted if we have put the risk we can afford...
yes, that is correct, make is short and simple, my VSA method maybe different as normally here but if you could recognize the background trend and with help of VSA you could have optimized entry ... something like it is impossible that the price will go against your level if you know that the big boys was buying or selling in the background .... the price will always try to make balance in its movement ... it means you have to capture the big picture about moving in trend or moving in the retracement ... once you could recognize it ... trading is like copy and paste because the pattern repeat itself again and again ....
  • #32,816
  • Mar 6, 2020 11:14pm Mar 6, 2020 11:14pm
You do offer some solid advice, but I do have a lot of questions that hopefully you don't mind answering.

Quoting dogol
{quote} It is just enough to follow the trend (background)
It sounds like you like trending markets, what about sideways? Are you able to adapt and trade consolidating markets? You never actually mention how you identify a trend, so am I to assume that you are just using HHs and HLs?

Quoting dogol
{quote} Dont be afraid to take an entry as long as you trade according to the background your risk is minimized.
I have to assume that when you say background that you mean trend, because of your earlier statement. 90% of my trades are on commodity pairs (AUD/NZD/CAD) which can consolidate for weeks. USD/CAD for example just recently consolidated for feb 13th-feb 26th. If I traded this like a trend how would my risk be minimized? Or would I not be able to trade this and have to sit out on the sidelines for 10 trading days?

If that is the case where I have to sit on the sidelines I can't say that I'm a fan. The past month or so I've shown live trade after live trade in both consolidating and trending markets based solely on how price reacts to trigger numbers.

Quoting dogol
{quote} A good money management for VSA trader should be enough with Balance/50000.
Can you define Money Management? That term means a lot of things to different people.

Also where does Balance/50000 come from? How did you arrive at this formula? Does it have an edge over risking % of account based on stop loss?

Do you use Balance/50000 on all pairs? For example would you use that formula on AUD/CAD which has an ADR of 50 as well as GBP/AUD which has an ADR of 200?

Quoting dogol
{quote} if your target just 50 pips daily on each pair with recent volatility
How did you come up with 50 pips daily? How do you adjust when we saw EU for most of 2019 under 60 pips ADR?

Sorry for all of the questions, I'm just trying to understand, and hopefully we will see some posts in the future with examples of trades taken.
  • #32,817
  • Edited 3:19am Mar 7, 2020 1:40am | Edited 3:19am
No problem as long as i can answer the question ....

I dont use HH -HL, as VSA trader I use only the volume+spread to recognize the background just follow the volume in the background for my entry. Its important to notice that you need to make an analysis for volume and spread (both) not only the volume because the spread can show you if it is buying/selling or there is buying and selling inside the bar (read master the markets-tom williams).

I put pictures USDCAD and possible entry in the consolidation phase (13 - 26 feb) as you mention above, entry at closing bar on vertical line. Please notice the entries are acc to my VSA method for some trader here maybe its wrong entries.

Its just to make simple acc to my calculation, lot size = balance/50000, if you have 5000 USD your trade size 0.1 lot. It means your account will wipe out if you are wrong 5000 pips, but it is impossible to wipe out your account if you can read the direction correctly. Therefore I rarely use stop loss if the trade 30-50 pips against me it means i'm wrong with my trading plan i will close it manually. I use it for all pair ... but just fr me I trade only GBPUSD and EURUSD because of the liquidity and just to make it simple for me.

most of the pair have daily average around 70 pips recently .... so its almost everyday that you can get 50 pips movement ... but if you are not daily trader then as long as the price and volume in same direction as your trade then let it run to maximize your profit.

the volatility is increasing recently by EURUSD, now it has around 90 pips daily average (possible to get 50 pips daily as target) .....before was 60 pips (to catch 30-40 pips daily was possible)
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  • #32,818
  • Mar 7, 2020 2:13am Mar 7, 2020 2:13am
Quoting dogol
No problem as long as i can answer the question .... I dont use HH -HL, as VSA trader I use only the volume+spread to recognize the background just follow the volume in the background for my entry. Its important to notice that you need to make an analysis for volume and spread (both) not only the volume because it can show you if it is buying/selling or there is buying and selling inside the bar (read master the markets-tom williams). I put pictures USDCAD and possible entry in the consolidation phase (13 - 26 feb) as you mention above, entry at...
I misunderstood how you used the term trend, thank you for clarifying.
  • #32,819
  • Edited 4:26am Mar 7, 2020 3:56am | Edited 4:26am
Quoting dogol
I dont use HH -HL, as VSA trader I use only the volume+spread to recognize the background just follow the volume in the background for my entry.
if you could spare sometime to comment on given/any other figures with your interpretation of background based on volume+spread that would be another addition to our understanding.
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to make it easy for my understanding and for you to comprehend it for me and others i have posted what do i think about your given points.
one thing i have noticed is the timing which is after LO; perfectly in-line with what malcolm has always preached.
  • #32,820
  • Mar 7, 2020 4:56pm Mar 7, 2020 4:56pm
HG, we can call that Extra Ball, or VSA 2.0.
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