vsa with Malcolm | Page 1709 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #34,161
  • Edited 8:30pm Sep 23, 2021 8:19pm | Edited 8:30pm
Quoting trezo
{quote} Still learning and reading this thread bro
Trezo, I too had many such questions which got cleared very slowly (and after losing lots of money).

Then I read a book which I had put off for the longest time, by Galvin Holmes, called Trading In The Shadow Of Smart Money, and wished I had read this way way back. My road would be much easier and clearer.

If Master The Markets is the reference book for VSA, then this book by Holmes is the practical how-to guide. I think it can answer a lot of your questions and clarify many things. Take a shortcut, read this book (if you haven't).
  • #34,162
  • Sep 23, 2021 8:22pm Sep 23, 2021 8:22pm
Quoting HiddenGap
{quote} {image}
What a great summary!
  • #34,163
  • Sep 24, 2021 1:33am Sep 24, 2021 1:33am
Quoting HiddenGap
{quote} {image}
Hiddengap brilliant explanation, I think if I had seen that it would have brain haemorrhaged me

I'm glad I've found my way that I'm comfortable trading with
  • #34,164
  • Sep 24, 2021 1:41am Sep 24, 2021 1:41am
Quoting procmail
{quote} Trezo, I too had many such questions which got cleared very slowly (and after losing lots of money). Then I read a book which I had put off for the longest time, by Galvin Holmes, called Trading In The Shadow Of Smart Money, and wished I had read this way way back. My road would be much easier and clearer. If Master The Markets is the reference book for VSA, then this book by Holmes is the practical how-to guide. I think it can answer a lot of your questions and clarify many things. Take a shortcut, read this book (if you haven't).
The Gavin Holmes vsa setup sequences book is pretty handy aswell.

But who needs books or even the 1700 pages of this forum...... all you need to do is ask for all the answers instead of finding them

(Half joking....half serious)
  • #34,165
  • Sep 24, 2021 4:22am Sep 24, 2021 4:22am
Attached Image (click to enlarge)
Click to Enlarge Name: iMarkup_20210924_101643.jpg Size: 97 KB

1 price broke through an old support on the left, look for confirmation in the next few bars

2 trying to go up average volume closed right at the top, narrow spread ( possible no buying pressure)

3 confirmed no demand, now looking for a restest of bar 2's high, close on low volume

4 bang here it is enter short
  • #34,166
  • Sep 24, 2021 5:17am Sep 24, 2021 5:17am
Is this move bullish or bearish?

I think bullish because
1) Spread though decreasing in conformity with volume.
2) Close to spread except last bar in the upper 1/3rd.
3) Close to close making highs.
4) Bulls are achieving their intention: Closing above previous high.

Appreciate your opinion.

Attached Image (click to enlarge)
Click to Enlarge Name: 418bba39364b8be63b5eed7c72e68e79.png Size: 30 KB
  • #34,167
  • Sep 24, 2021 7:00am Sep 24, 2021 7:00am
Quoting Shantala
Is this move bullish or bearish? I think bullish because 1) Spread though decreasing in conformity with volume. 2) Close to spread except last bar in the upper 1/3rd. 3) Close to close making highs. 4) Bulls are achieving their intention: Closing above previous high. Appreciate your opinion. {image}
To me thats a 2 bar reversal.

The second goes lower than the first bar to take stops and to trap people who had sold on the first bar, the volume is good you don't won't it higher than the first bar (as this could be a sign of selling)
  • #34,168
  • Sep 24, 2021 7:37am Sep 24, 2021 7:37am
Quoting bandler
{quote} To me thats a 2 bar reversal. The second goes lower than the first bar to take stops and to trap people who had sold on the first bar, the volume is good you don't won't it higher than the first bar (as this could be a sign of selling)
Agree with you it is a 2 bar reversal, but what about green bars? Are they making bullish or bearish move?
  • #34,169
  • Sep 24, 2021 8:18am Sep 24, 2021 8:18am
Quoting Shantala
{quote} Agree with you it is a 2 bar reversal, but what about green bars? Are they making bullish or bearish move?
Looking at the red bar on the end it looks low volume can't see the spread or the close, on the low volume alone it looks a strong market
  • #34,170
  • Sep 24, 2021 10:32am Sep 24, 2021 10:32am
Quoting bandler
{quote} To me thats a 2 bar reversal. The second goes lower than the first bar to take stops and to trap people who had sold on the first bar, the volume is good you don't won't it higher than the first bar (as this could be a sign of selling)
Hmmm interesting. I definitely see a 2BR which is a SOS in the background, but my interpretation is that the reducing volume on the bull bars + the shortening of thrusts suggests a near-term retracement that can potentially retest the 2BR.

Then again, given the time/strength of the first bar, I'm guessing that's the open for the market, and so it's normal to see a spike in activity and subsequent volume to trail off
  • #34,171
  • Sep 24, 2021 11:37am Sep 24, 2021 11:37am
Quoting Shantala
Is this move bullish or bearish? I think bullish because 1) Spread though decreasing in conformity with volume. 2) Close to spread except last bar in the upper 1/3rd. 3) Close to close making highs. 4) Bulls are achieving their intention: Closing above previous high. Appreciate your opinion. {image}
Which stock/pair/indicie?
  • #34,172
  • Sep 24, 2021 1:55pm Sep 24, 2021 1:55pm
Quoting bandler
{quote} Which stock/pair/indicie?
Yesterday's NQ open
  • #34,173
  • Sep 28, 2021 3:40am Sep 28, 2021 3:40am
Attached Image (click to enlarge)
Click to Enlarge Name: iMarkup_20210928_093831.jpg Size: 94 KB
possible buy on gbpusd
1stopping action

Need to see what happens on the next down bar, ideally closing no lower than the line of resistance on less volume
  • #34,174
  • Sep 28, 2021 5:12am Sep 28, 2021 5:12am
Quoting bandler
{image}possible buy on gbpusd 1stopping action Need to see what happens on the next down bar, ideally closing no lower than the line of resistance on less volume
Broke support wait for next opportunity
  • #34,175
  • Sep 28, 2021 5:42am Sep 28, 2021 5:42am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-09-28-11-41-14-665_com.tradingview.tradingviewapp.jpg Size: 531 KB
next area of interest hit 4hr support
  • #34,176
  • Sep 28, 2021 7:40am Sep 28, 2021 7:40am
Quoting bandler
{image}next area of interest hit 4hr support
I hesitated on a short entry after london open as I was looking for longs only.......... would have blasted out my challenge on a single trade

Gotta love hindsight!
  • #34,177
  • Edited 8:19am Sep 28, 2021 7:59am | Edited 8:19am
Quoting Paulscaff1
{quote} I hesitated on a short entry after london open as I was looking for longs only.......... would have blasted out my challenge on a single trade Gotta love hindsight!
I look for entries on the 30 min timeframe, didn't see any that met my criteria and never entered a trade

Gonna go back and analysis before the drop
  • #34,178
  • Sep 28, 2021 8:21am Sep 28, 2021 8:21am
Quoting bandler
{quote} I look for entries on the 30 min timeframe, didn't see any that met my criteria and never entered a trade Gonna go back and analysis before the drop
That was the short entry i was looking at ND on M15/M30, right after the open breakout.

But just got to stick to our rules
Attached Image (click to enlarge)
Click to Enlarge Name: a606c8dcd59cbc86ffbf827ee6a1bdda.png Size: 74 KB
  • #34,179
  • Sep 28, 2021 10:18am Sep 28, 2021 10:18am
Quoting bandler
{quote} I look for entries on the 30 min timeframe, didn't see any that met my criteria and never entered a trade Gonna go back and analysis before the drop
That's why we have our entry criteria, keeping the powder dry for the right move
  • #34,180
  • Sep 28, 2021 10:59am Sep 28, 2021 10:59am
Quoting Paulscaff1
That was the short entry I was looking at ND on M15/M30, right after the open breakout. But just got to stick to our rules
You showed the M30. Here's the M15.

Attached Image (click to enlarge)
Click to Enlarge Name: SharpShooter 4.png Size: 126 KB



This begs the question: is it better to switch time frames or to just stick with one? The entry on M30 is nice, but the entry on M15 more closely follows the Ideal setup. Price breaks the low (YHVZ (L)) and then retraces back to it. The No Demand bar shares at least one tick with the YHVZ (L) and closes below it.
Without VSA, you're playing checkers while the Smart Money plays chess.
12 traders viewing now