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vsa with Malcolm

  • #32,981
  • May 6, 2020 3:20am May 6, 2020 3:20am
Quoting Anotan
{quote} https://www.forexfactory.com/showthr...37#post3820937
thank you friends are you know this channel indicator?
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  • #32,982
  • May 6, 2020 4:31am May 6, 2020 4:31am
Quoting thisara1
{quote} thank you friends are you know this channel indicator? {image}
that's fib channel from mt4
I'm more interested in how to get those HLC bars on mt4?
  • #32,983
  • Edited 5:09am May 6, 2020 4:42am | Edited 5:09am
Quoting Blasterh22
{quote} that's fib channel from mt4 I'm more interested in how to get those HLC bars on mt4?
Can you share it?,seach this
this;s my friends sent me now I sent earlier is not mine picture
Attached File(s)
File Type: mq4 HLC-Bar (3-3-2017 Version).mq4   12 KB | 470 downloads
  • #32,984
  • May 6, 2020 5:15am May 6, 2020 5:15am
Quoting thisara1
{quote} Can you share it?,seach this this;s my friends sent me now I sent earlier is not mine picture {file}
it's in the mt4 by default
Attached Image
  • #32,985
  • May 6, 2020 6:34pm May 6, 2020 6:34pm
Quoting thisara1
{quote} Can you share it?,seach this this;s my friends sent me now I sent earlier is not mine picture {file}
thank you thisara1. it looks better than previous HLC bars indicators.

Quoting Blasterh22
{quote} it's in the mt4 by default {image}
@thisara1 as Blasterh22 has already pointed out. i just wanted to add the settings you are looking for. go to this fibonacci channel. remove the levels other than 0 and 1. then add 0.25 0.5 0.75. you'll end up with 4 quarters of wyckoff channel.
  • #32,986
  • May 7, 2020 11:14pm May 7, 2020 11:14pm
yo fellow wyckoffians, just my take for the EURUSD today before market opens. just my 2 cents. any constructive comments that would enable all of us to learn together is greatly welcomed.
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Bullish case: last day was a good KRB. Before previous day, had 4 down days. Market needs to breathe abit. Swell in volume, and COC previously at around 13 mar. accumulation going on? 3 secondary tests have already occurred. That automatic rally from originating from 19 march was a Change of behavior wave.

Bearish case: 4 good days down closing on the low starting from 3rd may. After that change of behavior wave, there was no follow through.

Play for the day: Buy dips until that that red line of the VAA bar is reached. If its broken through, expect market to rally to top of range for next couple of day. If a strong rebound occurs from the red line, expect market to come back down to shaded grey area.
  • #32,987
  • May 8, 2020 12:51am May 8, 2020 12:51am
Quoting thisara1
{quote} thank you friends are you know this channel indicator? {image}
https://www.forexfactory.com/showthr...21#post4677321
  • #32,988
  • May 8, 2020 1:26am May 8, 2020 1:26am
Quoting shadowy
yo fellow wyckoffians, just my take for the EURUSD today before market opens. just my 2 cents. any constructive comments that would enable all of us to learn together is greatly welcomed. {image} Bullish case: last day was a good KRB. Before previous day, had 4 down days. Market needs to breathe abit. Swell in volume, and COC previously at around 13 mar. accumulation going on? 3 secondary tests have already occurred. That automatic rally from originating from 19 march was a Change of behavior wave. Bearish case: 4 good days down closing on the low...
Many different thoughts came to my mind when I was reviewing this pair, many different scenarios of which I wasn't sure, so I'll keep it simple, the only thing I was sure is that climatic volume on the lows, there was no continuation after it, in fact price rallied back, so now we have an automatic rally on the chart. After that the where a test, an upthrust and another secondary test which was also a spring. Price is swinging up and down with no clear direction, so it's in a range, which of course could and will change, but for now, the best trading strategy (at least for me) is finding trade opportunities at the extremes of the range. This will give a high risk/reward potential and a high probability of successful trade.
As for the last bar, that's a reaction from the previous buy zone (st/sp), it could work out, it's just lower probability. I just don't like that volume came in but the price could't close above the previous bar, which was on lower volume.

Second picture shows where to find trades.
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  • #32,989
  • May 8, 2020 2:53am May 8, 2020 2:53am
Quoting Blasterh22
{quote} Many different thoughts came to my mind when I was reviewing this pair, many different scenarios of which I wasn't sure, so I'll keep it simple, the only thing I was sure is that climatic volume on the lows, there was no continuation after it, in fact price rallied back, so now we have an automatic rally on the chart. After that the where a test, an upthrust and another secondary test which was also a spring. Price is swinging up and down with no clear direction, so it's in a range, which of course could and will change, but for now, the...
nicee... but how would you trade this intraday? or would you leave this pair alone for the day?
  • #32,990
  • May 8, 2020 3:20am May 8, 2020 3:20am
Quoting shadowy
{quote} nicee... but how would you trade this intraday? or would you leave this pair alone for the day?
I usually take entries on h1, or even m5 sometimes and hold position for a few days. On the way down I'm looking to add if I have the chance, because I already know I'm in a downtrend. When price reaches an opposing level I usually close and look for reversal. So in this particular case, if I would had a short position I would closed it, if it would had a good risk/reward, or I would leave it open and move the stop to break even, if it would had a poor risk/reward. For now I have reasons not to open positions: I wouldn't open any longs because of the downtrend and I wouldn't open any shorts because of the last up bar. This might sound funny or complicated, but I only take trades when I don't have reasons not to take them.
  • #32,991
  • May 8, 2020 6:01am May 8, 2020 6:01am
Quoting Blasterh22
{quote} I usually take entries on h1, or even m5 sometimes and hold position for a few days. On the way down I'm looking to add if I have the chance, because I already know I'm in a downtrend. When price reaches an opposing level I usually close and look for reversal. So in this particular case, if I would had a short position I would closed it, if it would had a good risk/reward, or I would leave it open and move the stop to break even, if it would had a poor risk/reward. For now I have reasons not to open positions: I wouldn't open any longs because...
The last sentence you mentioned contains lots of wisdom for those who can understand it. from the spring on 24th apr to the upthrust on 1st may, at which point in time would you have considered that an "up rally" or "uptrend"? or would you have considered it merely a pullback in the bigger picture? and what about the wave down from 9th march to 20th march, which point in time would you have qualified that as a downtrend? i'm quite sure you dont use the typical MAs rite? =)
  • #32,992
  • May 8, 2020 6:06am May 8, 2020 6:06am
Quoting thisara1
{quote} Can you share it?,seach this this;s my friends sent me now I sent earlier is not mine picture {file}
thanks for the HLC indi. have been searching for a long time now, but only managed to get one for MT5. finally one for MT4.
  • #32,993
  • Edited 6:57am May 8, 2020 6:47am | Edited 6:57am
Quoting shadowy
{quote} The last sentence you mentioned contains lots of wisdom for those who can understand it. from the spring on 24th apr to the upthrust on 1st may, at which point in time would you have considered that an "up rally" or "uptrend"? or would you have considered it merely a pullback in the bigger picture? and what about the wave down from 9th march to 20th march, which point in time would you have qualified that as a downtrend? i'm quite sure you dont use the typical MAs rite? =)
OK, i will write about upthrusts but it's the same for springs. So I have my levels marked up on the daily chart, as soon as price reaches a level 2 things can happen: reversal or breakout (with a few different variations). But the first thing I expect is a reversal. Usually a "true" reversal happens after an upthrust. So if an upthrust will happen than there are 2 ways of trading it. 1. Waiting for UT to happen on daily and then taking shorts on h1 the next days and expecting the move to continue, or taking shorts on h1 as that UT is happening on daily (A few messages ago I described how a daily upthrust looks like on h1). As the daily candle close below the level this confirms me than an upthrust took place and it marks the beginning of a possible downtrend on h1. The h1 downtrend will be confirmed when I will see 2 lower high and 2 lower lows (classic, Dow Theory), but that didn't really matters to me.
And yes, which appears to be a rally or a pullback on bigger picture can be a trend on a smaller time frame. I just try to find out where those rallies/pullbacks start/end and trade them on a smaller tf.
See the example below, how a daily spring started after a h1 spring.
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  • #32,994
  • May 9, 2020 3:18pm May 9, 2020 3:18pm
Quoting attique08
{quote} thank you thisara1. it looks better than previous HLC bars indicators. {quote} @thisara1 as Blasterh22 has already pointed out. i just wanted to add the settings you are looking for. go to this fibonacci channel. remove the levels other than 0 and 1. then add 0.25 0.5 0.75. you'll end up with 4 quarters of wyckoff channel.
thank you friends
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  • #32,995
  • May 10, 2020 12:57am May 10, 2020 12:57am
For those who have read Gavin's book "sequential vsa chart patterns", why so many totally same set-up name and same description texts but with different SOW XX?
example: page30(SOW14 END OF RISING MARKET) and page32(SOW21 END OF RISING MARKET), the contents in these two pages are totally same but sow14 for pg30 and sow21 for pg32. why??
learning...
  • #32,996
  • May 10, 2020 5:36am May 10, 2020 5:36am
Quoting HiddenGap
Chart (s) dump/Thread bump: {image} {image}
Hello, I just sent you a PM.
learning...
  • #32,997
  • May 10, 2020 6:48am May 10, 2020 6:48am
Quoting hefei
For those who have read Gavin's book "sequential vsa chart patterns", why so many totally same set-up name and same description texts but with different SOW XX? example: page30(SOW14 END OF RISING MARKET) and page32(SOW21 END OF RISING MARKET), the contents in these two pages are totally same but sow14 for pg30 and sow21 for pg32. why??
I haven't read this book, do you have an electronic version?
  • #32,998
  • May 10, 2020 8:12am May 10, 2020 8:12am
Quoting Blasterh22
{quote} I haven't read this book, do you have an electronic version?
yes if u need PM me your email
learning...
  • #32,999
  • May 10, 2020 2:05pm May 10, 2020 2:05pm
Quoting hefei
For those who have read Gavin's book "sequential vsa chart patterns", why so many totally same set-up name and same description texts but with different SOW XX? example: page30(SOW14 END OF RISING MARKET) and page32(SOW21 END OF RISING MARKET), the contents in these two pages are totally same but sow14 for pg30 and sow21 for pg32. why??
The code used to recognize SOW 14 is slightly different than the code used to recognize SOW 21.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #33,000
  • May 11, 2020 1:18am May 11, 2020 1:18am
Quoting Blasterh22
{quote} OK, i will write about upthrusts but it's the same for springs. So I have my levels marked up on the daily chart, as soon as price reaches a level 2 things can happen: reversal or breakout (with a few different variations). But the first thing I expect is a reversal. Usually a "true" reversal happens after an upthrust. So if an upthrust will happen than there are 2 ways of trading it. 1. Waiting for UT to happen on daily and then taking shorts on h1 the next days and expecting the move to continue, or taking shorts on h1 as that UT is happening...
nice coordination of the timeframes..
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