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vsa with Malcolm

  • #33,421
  • Aug 5, 2020 4:47am Aug 5, 2020 4:47am
Quoting zizoo
Does this mean GBPUSD is heading for a reversal? VSA; bearish pinbar with high volume in an uptrend. {image}
I don't really trade GBP, because of the high margin requirements in the US. Glancing at the chart it looks bullish still, buyers found support off the July 29th FOMC trigger number.

Also using the daily open line especially August 3rd and a little bit on August 4th, PA is both above and below the daily open which to me it looks a little range-y, so I would be very cautious about buying above the daily open. Me personally I'd look for something else to trade.
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  • #33,422
  • Aug 5, 2020 6:50am Aug 5, 2020 6:50am
Quoting Anotan
Big day for USDCAD sellers. {image}
No buying pressure printed on the last H1 bar with price coming off nicely, wasn't paying attention should have sold that close hard.
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  • #33,423
  • Aug 5, 2020 7:54am Aug 5, 2020 7:54am
Big increase in volume and not much progress to the downside, closed out 1/4 of the position and brought my stops down. With price pushing through the low of the June 10th shakeout I still think there is some room to the downside.

That's it for me this week.
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  • #33,424
  • Aug 5, 2020 9:39am Aug 5, 2020 9:39am
Quoting Anotan
Big increase in volume and not much progress to the downside, closed out 1/4 of the position and brought my stops down. With price pushing through the low of the June 10th shakeout I still think there is some room to the downside. That's it for me this week. {image}
are you sure about it Anotan? please pay attention to your position carefully i saw a potential to go back to that blue level ... but i could be wrong
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  • #33,425
  • Aug 5, 2020 10:06am Aug 5, 2020 10:06am
Quoting Cyberforex
{quote} are you sure about it Anotan? please pay attention to your position carefully i saw a potential to go back to that blue level ... but i could be wrong {image}
Well I'm not worried if price does hit my stop loss, between taking off 1/4 of the position and moving my stops down a loss would be less than 1% which is negligible for me.

If you look at July 29-31st there was massive volume and 3 days of distribution for price to fall 200 pips which is where we are at now, that blue line would be a 165 pip rally. I would be very surprised to see UCAD rally that far without multiple days of accumulation.
  • #33,426
  • Aug 7, 2020 7:05am Aug 7, 2020 7:05am
Quoting Gauer
Market opened, EURUSD still have a bearish tone (15M and 1H also showing weakness): {image} {image}
Forgive me i don't know how to tag someone yet but if this works i will continue using it. I would appreciate your help in identifying how to interpret the highlighted text on the attached chart. Thank you and i hope to hear from you soon.

The next trades unfolded as follows: 400
@ 8418. . . 600 @ 84 . . . 1,100 @ 8378. The first uptick is to 84 on 300 shares.It is followed by a down tick to 8378 on 100 shares.
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  • #33,427
  • Aug 7, 2020 5:31pm Aug 7, 2020 5:31pm
Quoting kanch7440
{quote} Forgive me i don't know how to tag someone yet but if this works i will continue using it. I would appreciate your help in identifying how to interpret the highlighted text on the attached chart. Thank you and i hope to hear from you soon. The next trades unfolded as follows: 400 @ 8418. . . 600 @ 84 . . . 1,100 @ 8378. The first uptick is to 84 on 300 shares.It is followed by a down tick to 8378 on 100 shares. {image}
what type of chart is that looks interesting is it based on volume?
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  • #33,428
  • Aug 8, 2020 1:20am Aug 8, 2020 1:20am
Quoting Pipanator
{quote} what type of chart is that looks interesting is it based on volume?
Looks like an old school Point and Figure chart to me. The horizontal line between 83 and 84 with the vertical flag is a horizontal count / price projection.
  • #33,429
  • Aug 8, 2020 1:43am Aug 8, 2020 1:43am
Quoting kanch7440
{quote} Forgive me i don't know how to tag someone yet but if this works i will continue using it. I would appreciate your help in identifying how to interpret the highlighted text on the attached chart. Thank you and i hope to hear from you soon. The next trades unfolded as follows: 400 @ 8418. . . 600 @ 84 . . . 1,100 @ 8378. The first uptick is to 84 on 300 shares.It is followed by a down tick to 8378 on 100 shares. {image}
It wasn't me you asked, but this is the area of the chart that the highlighted text is referring to.

I presume the arrow at the bottom is pointing out the 1,700 shares at the level, signifying buying at this level.
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  • #33,430
  • Aug 8, 2020 11:46am Aug 8, 2020 11:46am
Quoting KinsaleForex
{quote} Looks like an old school Point and Figure chart to me. The horizontal line between 83 and 84 with the vertical flag is a horizontal count / price projection. emphasis added
You're right. I was hoping it was a new school OrderFlow chart.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #33,431
  • Aug 8, 2020 1:21pm Aug 8, 2020 1:21pm
Quoting KinsaleForex
{quote} It wasn't me you asked, but this is the area of the chart that the highlighted text is referring to. I presume the arrow at the bottom is pointing out the 1,700 shares at the level, signifying buying at this level. {image}
Hello thank you for your reply. I am currently reading Trades About to Happen: A Modern Adaptation of the Wyckoff Method Book by David H. Weis. The chart i posted is from Chapter 9 of the book, page 129. I am stuck on page 130 and i am unable to plot the values on the page and beyond. It is stupid for me to ask but if you can kindly guide me on how to identify where the values of the next page are located , i will be more than grateful. (Anyone and everyone can chip in). I am also available for learning lessons on Skype,zoom, meetings etc. Also a big thank you to Hidden Gap and Pipanator for chipping in.
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  • #33,432
  • Aug 10, 2020 11:26am Aug 10, 2020 11:26am
Quoting kanch7440
{quote} Hello thank you for your reply. I am currently reading Trades About to Happen: A Modern Adaptation of the Wyckoff Method Book by David H. Weis. The chart i posted is from Chapter 9 of the book, page 129. I am stuck on page 130 and i am unable to plot the values on the page and beyond. It is stupid for me to ask but if you can kindly guide me on how to identify where the values of the next page are located , i will be more than grateful. (Anyone and everyone can chip in). I am also available for learning lessons on Skype,zoom, meetings etc....


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  • #33,433
  • Aug 11, 2020 5:44pm Aug 11, 2020 5:44pm
Quoting malcolmb14
Hi guys ... this first posting is going to be short and sweet. This thread is to have an area where I can post my vsa charts and setups. For those that do not know what vsa is get your hands on Master the Markets by Ton Williams. Since being guided to this form of trading by my friend and mentor , DR Geppygenius my trading has come on leaps and bounds. Vsa . or volume spread analysis , is a way to read and understand what the pros are up to. I am not going to spend a lot of time dedicating posts to all the rules and principles of VSA, this would...
VSA Has Changed Significantly, I've been following this thread a lot and experimented a lot, and I can te you, VSA was version 1, Version 2 is VVSA - Volatility Volume Spread Analysis, once you add volatility to the formula, you now get to see how much they've moved it, the why and the how, become clearer.
Professional Money makes up 10 % of traders.but Professional Money makes up
  • #33,434
  • Aug 12, 2020 10:39am Aug 12, 2020 10:39am
Quoting Gauer
{quote} {image}
Thank you for you help it was very insightful and easy to digest. On to the next chart 9.3 attached is it the same thing or slightly different? Because i have tried hard to interpret the values associated with the chart but am struggling especially the part where values are indicated in the book but have no explanation. Please help (anybody's input is highly appreciated)

7:20 11612‐6: The contract gaps higher from 11603 to 11612. Since the
opening price continues an up‐move from the previous day, we plot
zeroes within the same column to reflect the gap.
7:21 11611‐11: We plot this downtick in the next chart column.
7:22 11613‐10 ???
7:23 11613‐12: We enter the plots only after a price change occurs,
for there may be consecutive one‐minute closes at the same price.
When this occurs, plot the total volume. Enter the volume (22) above
the previous plot at 11611. Remember, there must be at least two
numbers in a column. Since we have only one downtick to 11611 in
this column, enter the uptick to 11613 above it.
7:24 11614‐11 ???
7:25 11614‐10 ???
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  • #33,435
  • Edited 7:52pm Aug 12, 2020 6:31pm | Edited 7:52pm
Quoting kanch7440
{quote} Thank you for you help it was very insightful and easy to digest. On to the next chart 9.3 attached is it the same thing or slightly different? Because i have tried hard to interpret the values associated with the chart but am struggling especially the part where values are indicated in the book but have no explanation. Please help (anybody's input is highly appreciated) 7:20 11612‐6: The contract gaps higher from 11603 to 11612. Since the opening price continues an up‐move from the previous day, we plot zeroes within the same...

I admire your effort to try and make sense of that, but there is no need at all to study this part of the book, only if it is just for the sake of curiosity. Are you gonna make those point and figure + volume charts by hand? Of course not... You are not gonna use those type of charts, there isn´t any charting software out there that offers that, only regular PnF. I think David put those together just to make sense/understand Wyckoff´s book. What those charts are basically doing is summing the volumes of the waves, so you can get the same info using the Weis Wave indicator.

This chart is basically a tick chart with wave volume, the weis wave works very nicely with tick charts.
  • #33,436
  • Aug 13, 2020 10:13am Aug 13, 2020 10:13am
Quoting Gauer
{quote} I admire your effort to try and make sense of that, but there is no need at all to study this part of the book, only if it is just for the sake of curiosity. Are you gonna make those point and figure + volume charts by hand? Of course not... You are not gonna use those type of charts, there isn´t any charting software out there that offers that, only regular PnF. I think David put those together just to make sense/understand Wyckoff´s book. What those charts are basically doing is summing the volumes of the waves, so you can get the same...
Thank you for your feedback for me its just understanding what is in the book and it is true i might not use it but somehow the author added the information and thought it was important for people to know. Plus i find that he references information from previous chapters to explain a point as i have come to know when reading the book. The next chapter does deal with Weis waves and he points to some charts on the previous chapter that i don't know how to interpret because they are the same to the one that i posted. Additionally i appreciate an author's work by reading the whole book because the time and effort it takes to put in all that information meant something to him. So again any help is highly appreciated. Lastly, how can i find a reliable Weis wave indicator that i can use in mt5. Thank you and i hope to hear from you soon.
  • #33,437
  • Aug 20, 2020 5:32am Aug 20, 2020 5:32am
Hi all,

because it is too quiet here, i will share my position for GBPUSD with targets, lets see how it will move, i could be wrong.
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  • #33,438
  • Edited 6:06am Aug 20, 2020 5:47am | Edited 6:06am
my view about GOLD (TF H4) , it is interesting GOLD is now around in buy trading level, lets see, i could be wrong.

For entry better wait new york for confirmation, because of the high volatility of GOLD better a bit late to get the right direction than take a wrong side

another possible scenario to consider (pic 2).
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  • #33,439
  • Aug 20, 2020 7:16am Aug 20, 2020 7:16am
Quoting kanch7440
{quote} So again any help is highly appreciated. Lastly, how can i find a reliable Weis wave indicator that i can use in mt5. Thank you and i hope to hear from you soon.
ask him...
https://twitter.com/RantierMS
  • #33,440
  • Edited 11:30am Aug 20, 2020 11:14am | Edited 11:30am
Quoting Cyberforex
Hi all, because it is too quiet here, i will share my position for GBPUSD with targets, lets see how it will move, i could be wrong. {image}
Ok closed manually already moved 100 pips, it moved as expected, easy and boring trade , its late here not to be greedy there is still tomorrow and i dont like to let open position while sleeping and another reason i see a possible retracement from here ....

if i'm not lazy maybe tomorrow i will put my trading plan here ... (i dont like to put my trading plan elsewhere, just in VSA community is enough )

happy trading guys
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