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vsa with Malcolm

  • #32,921
  • Apr 9, 2020 1:45am Apr 9, 2020 1:45am
Quoting 1odi
orning all, no setups from a vsa stand point... and busy market in terms of news 3/4 hrs from now on CAD and USD. it was nice with the volatility at the beggining of corona but now it s crap..
hello 1odi!
USDCAD is still being rejected by fibzone (no close above the fibzone yet on H1) but there is no selling pressure after that. if fibzone holds then there is weakness in background. but we need to see result from effort.
  • #32,922
  • Apr 9, 2020 2:49am Apr 9, 2020 2:49am
Quoting attique08
{quote} hello 1odi! USDCAD is still being rejected by fibzone (no close above the fibzone yet on H1) but there is no selling pressure after that. if fibzone holds then there is weakness in background. but we need to see result from effort.
yeah, i won t be tradig UC today, there s not much conviction behind the move,the background is weak, yes, but u have CAD news today, yesterday opec and so forth, maybe they ll make a move after..i m gonna skip the pairs that have red impact for the day unless the setup is screaming at me and i manage to set BE before the news, which really doesn t seem to be the case, maybe we ll get some moves around NY open, but untill then ranges and traps..
  • #32,923
  • Apr 9, 2020 7:01am Apr 9, 2020 7:01am
Quoting attique08
{quote} i was also short today after looking at H1 upthrust at london open. but i entered a little bit late with tight SL (above today's pivot point) around the same level you are in. but i am stopped out (daily pivot is tested and market is coming down again). but my AU trade is still running (1.5R already) as it has not backed off to fib zone yet. i was in that trade after observing stopping volume in fib zone of H1. though i entered with highest volume of the day pushing close in middle of the downbar in fib zone, a test right after its confirmation...
TPed.
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Additionally amid strong news, i was long on EUR already because it tested the fib zone with high volume again.
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  • #32,924
  • Apr 9, 2020 7:04pm Apr 9, 2020 7:04pm
For anyone who believes in Sam Seidon's Supply/ Demand Zone method: https://www.forexfactory.com/showthread.php?t=991901
  • #32,925
  • Apr 10, 2020 3:56am Apr 10, 2020 3:56am
Quoting pooh123
For anyone who believes in Sam Seidon's Supply/ Demand Zone method: https://www.forexfactory.com/showthread.php?t=991901
if u would ve called out wyckoff i d be worried, i don t even know who sam seiden is lol.. supply and demand is an 100 year old concept and it s not just about drawing boxes on a chart.
  • #32,926
  • Apr 13, 2020 3:21am Apr 13, 2020 3:21am
2pos, 1 on AR break and a sec pos added on test
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  • #32,927
  • Edited 9:29am Apr 13, 2020 4:31am | Edited 9:29am
Quoting 1odi
2pos, 1 on AR break and a sec pos added on test {image}
coincidence or what? lol. i took same two trades. but first one was a bit earlier. right after observing stopping volume; 2nd time rejection by low of day before yesterday's high volume zone . i didn't wait for next bar up close.
EDIT:
though it's downtrend and i entered with 2nd trade above the NS after stopping volume, there is obvious upthrust on increased volume. so need to watch it carefully.
EDIT2:
poorly managed trade. scaled down position (2nd) stopped out in loss and 1st position BE.
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  • #32,928
  • Apr 13, 2020 5:12am Apr 13, 2020 5:12am
nice attique, tho i got out of UC at small bisquits, could call it BE, weakness after failed attempts. everytime it tries pushing up hits high vol with bearish reaction.
plus i saw EU in a nice buy zone, and made sence with ollar weakness that persists from last week and most dollar pairs.
i m long EU now
vol increased quite a bit after the AR test, but there s more vol on the down candle, waiting to seee result. plus, the usual pattern is strenght, bullish reaction(in this case) then a low vol test, so the 1 hr might do that givin a NS..with all that in mind, if it breaks down below the AR and it just stays there on low vol i m etting out. cos the imbalance isn t there.. i wanna see a low vol test and a NS at the AR or a high vol test and a quick rejection to show that indeed there s an imbalance and that there s sustain buying. so eyes peeled
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  • #32,929
  • Apr 13, 2020 5:36am Apr 13, 2020 5:36am
by all means it doesn t mean i m right or anything, it s just my reasoning, i could be wrong and UC shoots to the moon and u make a killing.
but i ussually stay in a trade as long as i don t see high vol weakness, don t care if it ranges all day. buy if i see weakness i m gonna atleast move my stop to breakeven or close it, or even strenght and then weakness and so on cos that imo just are ranging signs.
  • #32,930
  • Apr 13, 2020 5:46am Apr 13, 2020 5:46am
Quoting 1odi
by all means it doesn t mean i m right or anything, it s just my reasoning, i could be wrong and UC shoots to the moon and u make a killing. but i ussually stay in a trade as long as i don t see high vol weakness, don t care if it ranges all day. buy if i see weakness i m gonna atleast move my stop to breakeven or close it, or even strenght and then weakness and so on cos that imo just are ranging signs.
i respect and appreciate your point of view. knowing the trade is the core objective. it's not about being right or wrong. to me/us, it's all about probability. cheers
  • #32,931
  • Edited 9:17pm Apr 15, 2020 11:58am | Edited 9:17pm
i was in way before any news. looking at strength i added a scaled down position on smaller time frame after 5 and closed this position after observing widespread upbars on high volume that was 1R gain (halved position added of first one). now comes the sad story. i didn't close the first position. considered the entry way too far and decided to hold it with moved SL. while watching high volume on downbars i still didn't close it and my 3R of this trade got shrunk to 1R. overall unrealized 4R but 2R realized and i am out now.
EDIT:
my exit plan isn't good enough yet. after picking a good reversal, just to make sure that my whole profit doesn't go back to zero i closed the trade with 1R and now it has moved more than my unrealized gain. wow
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  • #32,932
  • Apr 16, 2020 1:26am Apr 16, 2020 1:26am
Did anyone here purchase the Tradeguider Smart Center Pro /Sharp Shooter /Super Scalper or TopBot package ? Do the trade signals they generate work out 52%+ of times ? I don't believe they work well but just want to confirm it with someone who has experience with the package.
  • #32,933
  • Apr 16, 2020 5:02am Apr 16, 2020 5:02am
Quoting pooh123
Did anyone here purchase the Tradeguider Smart Center Pro /Sharp Shooter /Super Scalper or TopBot package ? Do the trade signals they generate work out 52%+ of times ? I don't believe they work well but just want to confirm it with someone who has experience with the package.
52%+? that's beast. btw why don't you believe that it could work? just asking.
  • #32,934
  • Apr 16, 2020 6:35am Apr 16, 2020 6:35am
Quoting attique08
{quote} 52%+? that's beast. btw why don't you believe that it could work? just asking.
I mentioned earlier in the thread that I coded a multi-timeframe sma20 indicator (Trdeguider softwares use sma20 as trend identifier) and an indicator that shows low volume test, no demand, upthrust and shakeout signals. I attached the two indicators to a chart and found that, when there's trend alignment and those VSA signals pop up, most of times the signals wouldn't work out.
  • #32,935
  • Apr 16, 2020 9:10am Apr 16, 2020 9:10am
Quoting pooh123
{quote} I mentioned earlier in the thread that I coded a multi-timeframe sma20 indicator (Trdeguider softwares use sma20 as trend identifier) and an indicator that shows low volume test, no demand, upthrust and shakeout signals. I attached the two indicators to a chart and found that, when there's trend alignment and those VSA signals pop up, most of times the signals wouldn't work out.
experienced VSAers have shared that ND NS UT have to be at right place. not every upbar with low volume is ND and not every downbar with low volume is NS. right place of UT is in downtrend or after major weakness as i have observed many times that after major weakness in background if market goes into range phase, just before sell off there would be an upthrust (high probability setup). i am not saying that it would always be there but a range being terminated by UT is high probable setup. so in short what i have learnt through this thread is, VSA needs active participation and highly depends on how do you interpret it. a few simple lagging indicators can't comprehend it. may be TG has something proprietary algorithm which aligns these signs with background.
  • #32,936
  • Apr 16, 2020 11:40am Apr 16, 2020 11:40am
Quoting pooh123
Did anyone here purchase the Tradeguider Smart Center Pro /Sharp Shooter /Super Scalper or TopBot package ? Do the trade signals they generate work out 52%+ of times ? I don't believe they work well but just want to confirm it with someone who has experience with the package.emphasis added
Tradeguider does not provide trade signals only indications of strength and weakness.

With that said, I think the win rate is a bit higher, but nowhere near 95% if that's what you're looking for. Where one places their stops and the distance of targets employed matter a great deal too.

I'm finding indications that appear in my Area of Interest (AOI) have a better probability of success than indications that appear in "air".

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #32,937
  • Edited 7:50pm Apr 16, 2020 6:44pm | Edited 7:50pm
Quoting HiddenGap
{quote} Tradeguider does not provide trade signals only indications of strength and weakness. With that said, I think the win rate is a bit higher, but nowhere near 95% if that's what you're looking for. Where one places their stops and the distance of targets employed matter a great deal too. I'm finding indications that appear in my Area of Interest (AOI) have a better probability of success than indications that appear in "air". {image} {image}
Right TG does not provide trade signals. Instead the TG packages allow you to set up the SOS and SOW signals in combination with trend alignment and send you alerts. You can use those alerts as trade signals at your discretion.

What are those short yellow horizontal lines at the bars in your chart ? Do they indicate the highest volume level of a bar ?
  • #32,938
  • Apr 16, 2020 8:31pm Apr 16, 2020 8:31pm
Quoting pooh123
What are those short yellow horizontal lines at the bars in your chart ? Do they indicate the highest volume level of a bar ?
Yes. They are the COT (also known as the Point of Control), which is the level within the price rotation with the highest volume.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #32,939
  • Apr 17, 2020 1:13am Apr 17, 2020 1:13am
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  • #32,940
  • Apr 17, 2020 1:50am Apr 17, 2020 1:50am
Quoting Blasterh22
{image}
it couldn't be better than this. simple, to the point and beautiful.
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