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vsa with Malcolm

  • #33,801
  • Edited 11:08am May 27, 2021 10:54am | Edited 11:08am
Quoting Anotan
Neat.. Yesterday all the volume was at the high, today during Asia price tried to tag the low of the high volume but barely missed it. I was watching during London and saw a test. The next bar after the test was no demand, with the next bar down after the no demand. I mean the ND is obvious, but I liked that buyers weren't willing to take price up on that test. {image}
Love the PA.

Also on that bar before more note more sellers on the up bar you can see where the sellers went up to grab the rest of the trapped buyers who were awaiting the break out.
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Today's zone = Tomorrow's opportunity!
  • #33,802
  • May 27, 2021 11:26am May 27, 2021 11:26am
Quoting Anotan
{quote} Close enough.. {image}
good job, i like these screenshots of your full margin trades!
The more you learn the more you earn
  • #33,803
  • May 27, 2021 11:30am May 27, 2021 11:30am
Quoting Macallik
For the people that are using simple moving averages on their volume indicators to see above/below avg volume easier... what periods do you use? Right now I'm playing around with the h4/h1 for Forex, and the daily for Stocks. With Forex, for the hourly and h4, I have the 5 day moving average: Hourly = 23 (bars per day) * 5 = 115MA H4 = 6 (bars per day) * 5 = 30MA With stock, I just randomly started with the 20 MA on the Daily and never changed it.
just put a Bolinger band on the volumes and it will work like a charm to see the spikes and the average vol...
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The more you learn the more you earn
  • #33,804
  • Edited 2:18am May 28, 2021 2:07am | Edited 2:18am
Talking about the trapped buyers bar that Pres pointed out. Its interesting because I didn't occur to me that they were trapping buyers by running price up at the beginning of the bar.

What I saw was on a M15 chart there was strength hanging around 4770, and I was just waiting for price to break down and push through it, which is what I saw on the trapped buyers bar. Thats kinda how I trade is start out slowly selling the SoW, and hit it hard when strength starts to break down, once it breaks down price isn't likely to return to the highs of the strength so very little risk is involved.
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  • #33,805
  • May 28, 2021 2:28am May 28, 2021 2:28am
I didn't see this, today I was kinda playing around with VZA zones, honestly I think trigger numbers are easier for me to understand.

A lot of strength yesterday on H1.

M15 aggressive absorption bar, the next bar being a wide spread up bar is what tells me the previous bar was absorption.

And finally one of Freemind's inside tests!
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  • #33,806
  • Jun 1, 2021 12:31pm Jun 1, 2021 12:31pm
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Working on implementing VSA in some stock symbols...

Here I don't see any buy side conviction but sellers aren't making themselves heard either.

I think the contributing factor which made me put a short on is that the S&P 500 has been drifting higher on low volume as well, and it rejected all-time highs this morning on low volume similar to 5/7 - 5/10. If anyone sees anything different, feel free to share!

(Rectangles are where I believe value is in the mkts btw)
  • #33,807
  • Jun 1, 2021 11:21pm Jun 1, 2021 11:21pm
Quoting Macallik
{image} Working on implementing VSA in some stock symbols... Here I don't see any buy side conviction but sellers aren't making themselves heard either. I think the contributing factor which made me put a short on is that the S&P 500 has been drifting higher on low volume as well, and it rejected all-time highs this morning on low volume similar to 5/7 - 5/10. If anyone sees anything different, feel free to share! (Rectangles are where I believe value is in the mkts btw)
Letme start out with saying I'm not a stock trader, I wouldn't claim that I understand all of the nuances of the stock market. I think stocks tend to trend more than Forex?

Just looking at MGM at face value, I jumped up to a weekly chart and its obvious there was climatic buying back in March of 2020 with price responding very positively to it. With that, I would consider shorts as counter trend.

Also 3 weeks ago was a perfect test into the previous high, very bullish. Personally I wouldn't consider any shorts, something else, on your H4 chart notice that climatic volume on the up bar for May 17/18th? Price didn't respond to that, I mean it dipped and tested and came up, it doesn't seem like professionals are interested in lower prices.

But you know what they say, follow your trading plan and use proper money management.
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  • #33,808
  • Jun 2, 2021 1:21am Jun 2, 2021 1:21am
Some strength coming on euro M15, but price needs to come up and prove the strength first. Maybe watch the 2220 area..
  • #33,809
  • Jun 2, 2021 2:00am Jun 2, 2021 2:00am
Quoting Macallik
{image} Working on implementing VSA in some stock symbols... Here I don't see any buy side conviction but sellers aren't making themselves heard either. I think the contributing factor which made me put a short on is that the S&P 500 has been drifting higher on low volume as well, and it rejected all-time highs this morning on low volume similar to 5/7 - 5/10. If anyone sees anything different, feel free to share! (Rectangles are where I believe value is in the mkts btw)
if you have not mastered VSA i would suggest you not to enter against the trend. it takes a lot of skill to catch turning points. remember - trend is your friend and on your chart its up!
The more you learn the more you earn
  • #33,810
  • Jun 2, 2021 2:09am Jun 2, 2021 2:09am
Quick short on AJ.

Climatic volume on an up bar hits the pair after a significant up move, and a little ND UT at the close of the climatic volume. Note the drop in volume on the ND UT compared to the previous bar.
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  • #33,811
  • Jun 2, 2021 3:03am Jun 2, 2021 3:03am
Quoting Anotan
Some strength coming on euro M15, but price needs to come up and prove the strength first. Maybe watch the 2220 area..
No trade, but I misread EU.

Thought I saw strength during on the Asia open bar, and was going to wait and see what price did on London open.

Missed the weakness, which its hard to see on M15, go to either M30 or M5 and its easier to see. Ok Posted a lot today, so I'm done.
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  • #33,812
  • Jun 2, 2021 3:11am Jun 2, 2021 3:11am
Quoting Anotan
Quick short on AJ. Climatic volume on an up bar hits the pair after a significant up move, and a little ND UT at the close of the climatic volume. Note the drop in volume on the ND UT compared to the previous bar. {image}
ND as an inside bar at HVC close area for most of the times is very nice.
good trade!
The more you learn the more you earn
  • #33,813
  • Jun 4, 2021 3:54am Jun 4, 2021 3:54am
Feels like Forex is going back into trend mode, which means trying to let trades run. At the beginning of May, I said the market felt choppy and didn't take my own advice and let quite a few good trades come back and take me out at BE or a loss.

Yesterday was CJ short which was a day early, would have been ok if I hadn't went BE when price got really grindy during US session.

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Today was EA, still think it will go down to at least 5780, but with today being NFP I took profit and ran.

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  • #33,814
  • Jun 4, 2021 7:12am Jun 4, 2021 7:12am
Quoting Anotan
Feels like Forex is going back into trend mode, which means trying to let trades run. At the beginning of May, I said the market felt choppy and didn't take my own advice and let quite a few good trades come back and take me out at BE or a loss. Yesterday was CJ short which was a day early, would have been ok if I hadn't went BE when price got really grindy during US session. {image} Today was EA, still think it will go down to at least 5780, but with today being NFP I took profit and ran. {image}
Good idea anyway coming down into that UHV 15 min zone that buyers controlled from yesterday.
Today's zone = Tomorrow's opportunity!
  • #33,815
  • Jun 11, 2021 1:26am Jun 11, 2021 1:26am
Neat..

Resistance turned support.

Bar A is kinda interesting, there was some buying on this bar but not a great reaction from the next few bars. Price dropped a bit but no real sellers so it came back and tested. Path of least resistance and all that.
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  • #33,816
  • Jun 11, 2021 1:36am Jun 11, 2021 1:36am
All week I've been looking at daily ATR charts, seems like money is pulling out of Forex again, AJ for example is back to the lows of 2019 around 40 pips ADR.

I remember in 2019, buying positions and putting a 15 pip stop and waiting for days for something to happen, there were days where EU had a daily range of 20 pips. Kinda seems like we maybe headed back that way.
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  • #33,817
  • Jun 12, 2021 10:39am Jun 12, 2021 10:39am
Quoting HiddenGap
{quote} I've said it before and I'll say it again, I am a fan. Thank you for posting. I hope to see more posts in this thread from you. There's a lot of knowledge to be gained from reading (and studying) your posts. This is a Volume Spread Analysis (VSA) thread, but as far as I'm concerned, all types of volume analysis are welcome. Take a look at the charts below. {image} This first chart is a 15-minute chart. This is the time frame from which the Supply/Demand Delta Zone is drawn. Unlike most VSAers, I am not into multiple time frame analysis. But your chart is a 1-minute chart and I just wanted to state where the zone on the chart comes from. {image} This second chart is a 1-minute chart. From a VSA perspective, what's telling us there are "only buyers now" would be all the DOWN (close < previous close) intervals on volume less than the previous two intervals. What VSA would call No Supply or a Test. I don't mean to criticize or state that you are wrong- I hope you post more, not less. I just want to make a distinction for the VSAers that are just starting out. The Dark (open>close) intervals, which many people would call bearish, VSA sees as bullish (based on volume, or close within the range, or range itself, or some combination therein). Because strength, when it appears, usually appears on DOWN bars. The White (open<close) intervals are bullish as they are confirming the strength seen in the previous Dark (open>close ((DOWN)) interval by closing UP.


Hi, I am new to volume analysis with MT4. what is the best starting kit to get on going ?I have read http://www.tradeguider.com/mtm_251058.pdf already
Is there a few posts in this thread explaining the techniques to newcomers?
  • #33,818
  • Jun 13, 2021 10:05pm Jun 13, 2021 10:05pm
Quoting Ieis5
{quote} Hi, I am new to volume analysis with MT4. what is the best starting kit to get on going ?I have read http://www.tradeguider.com/mtm_251058.pdf already Is there a few posts in this thread explaining the techniques to newcomers?
Seriously read the book again.. Most people who trade VSA have read that book at least a dozen times.

Visit HiddenGap's profile page and search his post for Sharp Shooter. Here and here are a couple of great posts that cover it.

You will take your share of losses using his Sharp Shooter technique, but keep in mind that the biggest edge in VSA is the tight stops, which allows for great RR.
  • #33,819
  • Jun 16, 2021 5:12pm Jun 16, 2021 5:12pm
Anotan can I get a contact to you? telegram?
Daytrader
  • #33,820
  • Jun 16, 2021 8:18pm Jun 16, 2021 8:18pm
Quoting trezo
Anotan can I get a contact to you? telegram?
Sorry I don't do anything outside FF. I think Malcolm has a telegram group, no idea how active it is. Search this thread for telegram and you will find it.
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