vsa with Malcolm

Closed this down completely at 1.6625, I think this still has some more room to go up somewhere between 6640-6650.

But I think I'm going to call it a year, holiday season is coming up and September was a great month October was ok, but at the beginning of the month I did give up a few nice trades because I convinced myself the market was in a more aggressive trend than what it was.

Personally 2020 was a great year, I feel like this year my trading went from amateur to professional I've posted a lot of live trades and looking back I can see a difference. I'm still not a perfect trader there are a few that I kinda looked at and was wondering what I was thinking.

Hope you guys had a great year, I'll pop in every now and then but I'm done trading till February.

Live trade progression, completely inspired by Anotan.

I entered an AUD/JPY trade Sunday Night.


I was immediately on side, but price took my offside. Then it turned around and brought back on side. I moved my stop to lock in some profit.


Moved stop to just above the most recent WRB. Target is the Demand Zone .



Thank You Anotan. A funny thing has happened on your journey this year-you taught more than just yourself................

Indices and Futures Indices, DAX, YM & ES gave some very good VSA Signals for the short trades .. DAX Chart attached ..

True HG, Anotan has been quite alot of help here in helping some us hone on VSA Trading on his journey ..

Update: Target price hit.



Trade debrief

* As a general rule, it is more appropriate to see evidence of selling (supply) and evidence of a lack of buying (demand) in a Supply/Demand Delta Zone before going short. Accordingly, my short was a bit early.

The Failed Test at E after the signs of weakness (selling) was a strong entry point.

I entered after points A and B.

A. a wide range UP bar that closes well off its high on very high volume.

B. This was the key interval. While the range of this interval is 1/2 to 2/3 the size of the previous interval, the volume is almost identical. This is demonstrative of some sort of capping going on. Or as Wyckoff VSA calls it, effort vs result. The next interval closed DOWN confirming the weakness and I entered.

Waiting for LO and thought could post a chart.

This is an amalgamation of a few methods i've learnt over the years. i didnt come up with these, i merely took what i felt comfortable with and merged them to form what i'm comfortable with trading.

Referring to the first image, the 1H chart.

We have had some cluster of closes right at the bottom of the chart and accumulation going on. 2 levels of structure were broken with good Ease of movement. the blue lines represent structure. one was an axis line and one was a normal resistance line. we held on top of the 2nd blue line, which became a flip level(Resistance turned support) and we make our way up. we have a nice trend going on.

As the market opens today, we have our preszone in(Credits to pres78). i am looking only for long plays.

Referring to 2nd image, 5mins chart.

we have a mini climax going on in the 5min, Overbought as well. expect some sort of retracement. note that we had 2 missed chances to long. one was roughly about an hour ago at the blue line where we had a local spring. another was about 14 bars later when we tested that level and had a huge surge in volume.

at the moment, i would think that the zone has already been tested so prices might not come there. i am looking for the orange line to be tested before buying.

Daily key levels have not been put in yet. i woke up late today. lol.

and also, anyone knows how to draw lines that would only appear on the specific timeframe we draw them on? if i draw a line in 5min, i dont want it to show up on other charts. i'm using MT5 by the way.

LO opens and here we go..

sorry guys,

missed out on the images on the prior post.





an aggressive long with tight stop loss taken. key word here is "aggressive" and "tight SL". either prices might head up, or i would be stopped out, then i would look to buy again at lower prices. reasons for long, as mentioned before and also we have clustering of closes on 5min, a spring bar of 2 market structural levels, one a channel and one a flip level(Resistance turned support).

lets wait and see..

14 pips profit taken on 1 position, another position moved to breakeven. for those who haven't long, another opportunity presents itself, that orange line, flip level once again, Resistance turned support, should the PA look good, one can consider a long, especially if it springs.

I know i'm starting to sound like an old beaten record. but one last one for the day. this time utilizing the concept of WRB zones(credits to hiddengap). 5th last bar was my entry bar.

reasons for entry, we are above pres zone, study of 1H background was bullish(refer to prior posts), we were at that axis line(orange line) and if it was a good resistance, prices should have bounced off it. but we hugged it instead. i expected a breakout and entered off a KRB(key reversal bar), this bar was also at our critical WRB zone and it actually springed the zone. Tight stop loss as usual.

As we speak, we are roughly about 12pips in profit, with 2 open positions. have to watch this one carefully though, there is a daily key level about 15 pips away to the top. and also the highest volume of that day thus far, we are approaching that high as well. 2 possible points of resistance to watch out for.

EU long off of 5m, let s see how it turns out
EDIT> 2 or 3 candles later that vol came in, waiting for the reaction to that vol increase, if it s weakness i ll close it or half the pos to trimm down the risk cos the probabilities aren t as high anymore.
i took this trade cos we re trending up and we have some weakness on 1hr but when u go down to 5m or 15m it s actually strenght the way the vol is distributed(imo).
PS, SL was moved at BE and ofc got kicked...well, better BE rather then a loss.. ugly

just paper trading but with patience which i still lack most of the times.

why i waited for LO on trade setup given above.

stopped out of a trade today for a small loss. 5pips on 1 position, took two in total and a total loss of 10 pips Thus far. i'll skip the background conditions and get straight to the entry for this one. the pink shaded lines are a preszone form yesterday. the shaded gray area is a preszone from today. Shared level of todays low and yesterdays mid point. i took a long when that presbar pattern completed, but there was no follow through and now we continue to head down.

If that shared level breaks now, i'm looking for a short off 5min signals.

(anyone using Pres78 methods to trade? can i ask what is the ADR settings you use? is it for 14days?)

I don't remember seeing Pres say specifically, I do remember seeing some posts of other people trading VZA and using 14 ADR, Malcolm mentioned that he used a 10 ADR. I doubt it would make a big difference using a 10 or a 14 ADR.

I'm happy to see some posts of people posting trades! TBH I thought this thread would become a ghost town.

Thanks for the reply. I hope it doesn't become a ghost town. this thread is a legacy. there is a wealth of knowledge in here regarding the wyckoff method. Different traders with different styles, But with similar principles.

Do you remember the good old days before the ghost town?
We shared and learned
and everybody earned
in anti doom town.

HG

Apologies if you have covered this elsewhere in the thread

Have you technically defined what are your demand / supply zones from your posted charts ?

I get the volume picket fence and colours as they are TradeGuiders but no where have i seen this zone concept which i hope has mathematical calculations behind it

Care you pleas share what they are or the thinking behind then .. Pseudo code is just fine

Many thanks

SE

Hi, by given a chart as above, will you mark the final bar as a NO Demand bar or a NO Supply bar? and WHY?

Basic definitions:

1. UP bar: A bar that closes higher than the close of the previous bar.

2. DOWN bar: A bar that closes lower than the close of the previous bar.

3. No Demand: A narrow range UP bar on volume less than the previous two bars.

4. No Supply: A narrow range DOWN bar on volume less than the previous two bars.

A: A wide range DOWN bar closing in the middle of its range on ultra-high volume. This bar is an obvious sign of strength. It can be termed Stopping Volume, Professional Buying, or Climatic Action. The name is not as important as the concept. The concept is that we see a wide range ultra-high volume bar (both of which connote Smart Money activity) DOWN bar that closes in the middle of its range. If this was a bar of weakness, we would expect a close closer to the bottom of the range. Accordingly, this is a bar of strength.

The next bar is DOWN, which does not confirm the A. However, bars with closes in the middle are always suspect.

B+B: The next two bars are both labeled B, because they need to be taken in context together. Taken together these two bars can be termed as Stopping Volume over 2 Bars, 2 Bar Shake Out, 2 Bar Reversal, or a Bottom Reversal. Again, more important than the actual name is the idea that we are seeing strength enter the market.

I've added an inflection point to the chart. This pink line can be anything. It can be a supply zone, it can be a pivot point, it can be a Fibonacci retracement level, or it can be a trend line. It doesn't matter. I just placed it there because I would want to see this price action occurring on or around something.

C: The bar in question. This is a narrow range UP bar on volume less than the previous two, closing near the middle of its range. Accordingly, this meets the base definition of No Demand.

Now things get more interesting and a bit more complicated.

With the obvious strength in the immediate background, we would probably be predisposed to look for a long. A trend trader might want to wait for a more definitive change of behavior, but a level trader might have seen enough.

I'm going to continue from the "levels trader" point of view.

While this No Demand is not quite a polar bear in Hawaii, it is following some signs of strength that are occurring where we would expect to see them. What happens next is key. If the next bar closes UP, then we have a failed No Demand. And price should rise. If price closes DOWN, we would want it to have volume less than the previous two intervals. This would be our No Supply/Test bar.

If price fell back to the level and then we saw a No Supply/Test, that would be a strong signal to get long.

5m entry, daily target, if all pans out, 7pips SL
EDIT> just glanced at the trade now, we have the 5m GOTCHA bar, hopefully catching all the people trying to go short from 1hr trendline break and retest setup!!!
we ll see how it develops, i can t win if i don t take a risk, no matter how small

HG, thanks for your detailed explanation. i totally agree with your ideas on bar A & B+B. yet for bar C, my thinking is :
1) from 393-397
we seeing professional buyers start to buy stocks from sellers in this downtrend.
So at least after bar 397, that timepoint we are sure that the market is not lack of demand.
2) so how to see bar C. In bar C , as i proved in (1), we think demand is ENOUGH around the bar 397-398.
The small volume here not represents there is lack of demand, but no supply. NS causing buyers use small volume to push price closes higher.
(buyers enough! but lack of stocks!)
In a word, while bar C perfectly meets the definition of ND, but from the connotation, i think it represents a kind of NS.
what do you think of my opinion?