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vsa with Malcolm

  • #34,181
  • Sep 28, 2021 11:17am Sep 28, 2021 11:17am
Quoting HiddenGap
{quote} You showed the M30. Here's the M15. {image} 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.
Yeah It was a good trade mate, I just looked over it again and tbh I should have taken it, the H1 diamonds had just flipped on the previous bar.

Ive been looking on both M15 and M30 for an entry just to give more chances of finding a trade.

Did you take it?
  • #34,182
  • Sep 28, 2021 11:20am Sep 28, 2021 11:20am
Guys I have a question. Where you are placing stop losses? Can you give me some examples? I heard that VSA is clearly showing when I should place stop loss, someone wrote something like that here. So can you show me that? Please
Daytrader
  • #34,183
  • Sep 28, 2021 1:08pm Sep 28, 2021 1:08pm
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Daytrader
  • #34,184
  • Edited 6:42am Sep 29, 2021 5:04am | Edited 6:42am
Gold M15

Buy Stop waiting to be triggered.

Broke out from YHVZ High, With a hidden test entry at todays HVZ High.

Todays HVZ High is also the London Open Range high.

Update: Out at breakeven
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  • #34,185
  • Sep 29, 2021 8:25am Sep 29, 2021 8:25am
Quoting Paulscaff1
Gold M15 Buy Stop waiting to be triggered. Broke out from YHVZ High, With a hidden test entry at todays HVZ High. Todays HVZ High is also the London Open Range high. Update: Out at breakeven {image}
Didn't trade Gold, but I had a look. On the H1 chart it was a down trend, and price was coming up against Resistance so it was a risky trade IMHO.
  • #34,186
  • Edited 12:02pm Sep 29, 2021 11:48am | Edited 12:02pm
Quoting procmail
On the H1 chart it was a down trend, and price was coming up against Resistance so it was a risky trade IMHO. Emphasis added
Still in this one:

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I'm really not a fan of multiple time frame analysis, but it does certainly help to pay attention to the H1 trend. I'm a convert.

Got in late here (UT at HB is the obvious first entry) and got out too early.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,187
  • Edited 12:43pm Sep 29, 2021 12:12pm | Edited 12:43pm
Some might find this recent TG video helpful:

Inserted Video


P.S. I totally called this. LOL Okay, I did not know about VSA lite, but as soon as Gavin mentioned something new was coming, I said to myself TG for TradingView.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,188
  • Sep 29, 2021 12:38pm Sep 29, 2021 12:38pm
Quoting HiddenGap
{quote} You showed the M30. Here's the M15. {image} 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.
hi HIDDENGAP!
hello sir can u send me templates thanks alot
  • #34,189
  • Sep 29, 2021 4:03pm Sep 29, 2021 4:03pm
Brilliant !

So HG has spent massive time effort and energy in getting VSA down pat as well as his clearly thought out SC workstation
and some peanut from the cheap seats asks him to hand over the templates

Made my day it did

As we say here .. More arse than the butchers cat
  • #34,190
  • Edited 5:20pm Sep 29, 2021 5:07pm | Edited 5:20pm
Quoting HiddenGap
{quote} Still in this one: {image} I'm really not a fan of multiple time frame analysis, but it does certainly help to pay attention to the H1 trend. I'm a convert. Got in late here (UT at HB is the obvious first entry) and got out too early. {image}
Nice trades mate, I was watching GU for a short aswell after london open, I saw the upthrust but I left it alone, that 2br just before it looked like a SOS to me, and was also the highest volume of the day it seemed like a risky play shorting in to that.

But the 2nd entry looked good to me.

I was waiting on the open range breaking low to look for an entry so missed that one
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  • #34,191
  • Sep 29, 2021 6:39pm Sep 29, 2021 6:39pm
https://www.upwardpatterns.com/3-day-fx-challenge-v2

I am not affiliated with RP in any way ... but will be attending

Anyone who is VSA oriented at the pointy end preferably and adept at trading and MT4 I encourage to get involved ... then we can talk about this after the show and tell

SE
  • #34,192
  • Sep 30, 2021 12:42am Sep 30, 2021 12:42am
Quoting SyntaxError
https://www.upwardpatterns.com/3-day-fx-challenge-v2 I am not affiliated with RP in any way ... but will be attending Anyone who is VSA oriented at the pointy end preferably and adept at trading and MT4 I encourage to get involved ... then we can talk about this after the show and tell SE
I used his Trade Copier EA for a month last year, but just recently ive been getting loads of emails from him trying to sell it hard.

If you dont mind me asking, what captured your interest in this?
Is he a VSA trader? The ad on his site looks like an aggressive sales pitch for his copier software/EA's.

I could be wrong though.
  • #34,193
  • Sep 30, 2021 4:47am Sep 30, 2021 4:47am
What software would you recommend me for the beginning? Cause I am looking for platform for training, you know ))
  • #34,194
  • Sep 30, 2021 4:54am Sep 30, 2021 4:54am
Quoting HiddenGap
Some might find this recent TG video helpful: https://www.youtube.com/watch?v=0ZvMJw-Eb_8 P.S. I totally called this. LOL Okay, I did not know about VSA lite, but as soon as Gavin mentioned something new was coming, I said to myself TG for TradingView.
HG, who is the other guy that often talks in the Tradeguider videos, along with Gavin Holmes?
  • #34,195
  • Sep 30, 2021 9:02am Sep 30, 2021 9:02am
I think i don't see something and i am still getting losses.
3 long entries - 3 sl
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Daytrader
  • #34,196
  • Sep 30, 2021 9:18am Sep 30, 2021 9:18am
Market was weak so i took shorts and what ? SL
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Daytrader
  • #34,197
  • Sep 30, 2021 10:50am Sep 30, 2021 10:50am
Quoting trezo
I think i don't see something and i am still getting losses. 3 long entries - 3 sl {image}
Keep it up. You will get this. You, me, and everyone here are all learning. Stay strong and believe.

I have to start out with a very important caveat. Price is below HB (based on yesterday's HVZ (YHVZ)). That means NO LONGS SHOULD be taken. With that said, let's take a look at a few things.

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1. This does indeed look like an Up Thrust. An Up Thurst is a sign of weakness.

2. It looks like this is the interval you are pointing to and calling it "Pushing through Supply". This interval is a narrow range bar that makes a higher high but closes DOWN with volume less than the previous two bars. This is No Demand.

a. If this is the interval you are calling "Pushing through Supply", that would be somewhat more reasonable. On my chart, the volume is less than the previous two bars, so a widespread UP bar with volume less than the previous two would be No Buying Pressure.

On your chart, the volume is increasing. So a widespread UP bar on increasing volume with a top to the left could be Pushing Through Supply. The key is to see an immediate (1-5 intervals) Test. What we get is an immediate No Demand. Arguably, the very next interval is the Test, but it fails. And once price is below the low of the Potential Pushing through Supply bar, it's not truly a Pushing Through Supply bar.

3. If you're looking to get long, this is the first place to do it. The fast MA is above the slow MA. The slow MA is acting as support. The bar has a decreasing range on increasing volume and closes in the upper half of its range. This is a Squat. The issue becomes where you place your stop. On your chart, however, this is No Supply.

4. The best entry. This bar makes a lower low, closes on its high, and has increasing volume. This is a Spring, or a Squat, or a 2 Bar Reversal. No matter what you want to call it, it is definitely the bar that should cause you to get long.

In sum, a small long trade would have been possible, but the actual position of price (below HB) should restrain any desire to get long.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,198
  • Sep 30, 2021 11:16am Sep 30, 2021 11:16am
Quoting Paulscaff1
{quote} HG, who is the other guy that often talks in the Tradeguider videos, along with Gavin Holmes?
I believe you are referring to Philip Friston. He, along with Tom Williams, wrote the dialog boxes that detail the Volume Spread Analysis (VSA) signs of strength and weakness. He has also written a couple of books on VSA.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,199
  • Sep 30, 2021 11:38am Sep 30, 2021 11:38am
Quoting HiddenGap
{quote} I believe you are referring to Philip Friston. He, along with Tom Williams, wrote the dialog boxes that detail the Volume Spread Analysis (VSA) signs of strength and weakness. He has also written a couple of books on VSA.
Are the Phillip Friston books recommended?
  • #34,200
  • Sep 30, 2021 12:10pm Sep 30, 2021 12:10pm
PC my take is simple on RP

His marketing and product range is first rate and well thought through

He has the business smarts to put it all together in to an FX business, most punters of these forums have no idea how to do that

What is missing from his offering is a solid FX system to use within his business structure and outline .

Such as a VSA or VPA based methodology following what we know are the common sense rules driven by volume

I have this

His method allows leverage in a way to go beyond the obvious

Worth a sit in for three session to get ideas on this to them adapt what you see and take existing 1/2 to 3/4 percent daily systems in to the next levels of profitably, preferably automated if this can be done cleanly

Finally, its a way to leverage beyond the obvious
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