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vsa with Malcolm

  • #34,201
  • Sep 30, 2021 12:33pm Sep 30, 2021 12:33pm
Quoting HiddenGap
{quote} 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. {image} 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...
are you using tickvolume?
Daytrader
  • #34,202
  • Sep 30, 2021 2:15pm Sep 30, 2021 2:15pm
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.
I dont think its him I mean mate, Philip Friston has a more posh voice, the guy Im talking about has a London city-ish accent, and heard it mentioned that he used to work for hedge funds.

You can hear him talking in the latest TG video you posted.
  • #34,203
  • Sep 30, 2021 4:27pm Sep 30, 2021 4:27pm
Quoting Frag8383
{quote} Are the Phillip Friston books recommended?
I still have yet to read them, so I can't recommend them at this point.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,204
  • Sep 30, 2021 7:48pm Sep 30, 2021 7:48pm
Quoting Paulscaff1
{quote} I dont think its him I mean mate, Philip Friston has a more posh voice, the guy Im talking about has a London city-ish accent, and heard it mentioned that he used to work for hedge funds. You can hear him talking in the latest TG video you posted.
I have been looking around the web for Philip Friston and he is British, I dont know where from, he used to work for a Hedge Fund.

His first book [COLOR=#0F1111 !important]My Journey of Discovery to Wyckoff Volume Spread Analysis[/color] price is crazy 130 euros on Amazon, he has a couple of other books for around 20 euros but the main one is the already mentioned,

Kind regards
  • #34,205
  • Edited 1:07am Oct 1, 2021 12:53am | Edited 1:07am
Quoting Frag8383
{quote} I have been looking around the web for Philip Friston and he is British, I dont know where from, he used to work for a Hedge Fund. His first book My Journey of Discovery to Wyckoff Volume Spread Analysis price is crazy 130 euros on Amazon, he has a couple of other books for around 20...
I will dig a bit deeper to find out who the guy is today

Im 90% confident its not Friston in the video that HG posted.

Ive just tried to post a copy of "My Journey of Discovery" in PDF, but unfortunately the file is too big at 76mb.

Ive noticed he has another book out there, but cant seem to find an electronic copy.
  • #34,206
  • Oct 1, 2021 1:05am Oct 1, 2021 1:05am
Quoting Frag8383
{quote} Are the Phillip Friston books recommended?
Ive had a PDF (scanned) cooy of "My journey of discovery" the book for a while but never really looked at it, until its just been mentioned

But having just quickly flicked through it I would say it looks good, there are certain nuances about the different principles that arent elaborated as much in other books, and from first impressions it looks like its going to answer some of my questions/fill in some gaps.

Il read it properly over the weekend to see how it compares to MTM and Shadow of SM.
  • #34,207
  • Oct 1, 2021 1:06am Oct 1, 2021 1:06am
Quoting Frag8383
{quote} Are the Phillip Friston books recommended?
I enjoyed reading his "My Journey of Discovery to Wyckoff Volume Spread Analysis" but it was before I read "Trading in the Shadow of...".

Both are good in a slightly different way. In fact I think I'm going to read both of them again.
  • #34,208
  • Oct 1, 2021 2:01am Oct 1, 2021 2:01am
Quoting procmail
{quote} I enjoyed reading his "My Journey of Discovery to Wyckoff Volume Spread Analysis" but it was before I read "Trading in the Shadow of...". Both are good in a slightly different way. In fact I think I'm going to read both of them again.
Have you read his other one " Basics of Volume Spread Analysis" (I think)?
  • #34,209
  • Oct 1, 2021 2:17am Oct 1, 2021 2:17am
Quoting Paulscaff1
{quote} Have you read his other one " Basics of Volume Spread Analysis" (I think)?
"A Guide To The Basics Of Volume Spread Analysis: How The Professionals Operate In The Financial Markets"?

I don't have it...
  • #34,210
  • Oct 1, 2021 2:27am Oct 1, 2021 2:27am
Quoting procmail
{quote} "A Guide To The Basics Of Volume Spread Analysis: How The Professionals Operate In The Financial Markets"? I don't have it...
Yeah that one
  • #34,211
  • Edited 4:23am Oct 1, 2021 3:58am | Edited 4:23am
He also touches on trigger numbers/HVZ as well which is interesting. And and interesting concept of marking old highs/lows that have high volume significance. Stuff thats not talked about in MTM or Shadows, Pretty good book to be fair.
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  • #34,212
  • Edited 6:50am Oct 1, 2021 6:07am | Edited 6:50am
GBPUSD-M15

We had a Trap-Down move into the Asian Low and HB of Wednesdays HVZ, which formed a Pres 2 bar pattern.

Entry above the OR High, Stop at the low of the Trap Down bar.

I wasn't too keen on the stop size on this trade, at 28 pips it severely restricted the RR potential, but it is, what it is.

There were a another couple of descent entries though on M5 which would have netted a nice profit.

But at least Ive started the challenge in profit which is a bit of weight off the shoulders. +2.1%.
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  • #34,213
  • Oct 1, 2021 6:34am Oct 1, 2021 6:34am
Quoting Paulscaff1
GBPUSD-M15 We had a Trap-Down move into the HB of Wednesdays HVZ, which formed a Pres 2 bar pattern. Entry above the OR High, Stop at the low of the Trap Down bar. I wasn't too keen on the stop size on this trade, at 28 pips it severely restricted the RR potential, but it is, what it is. There were a another couple of descent entries though on M5 which would have netted a nice profit. But at least Ive started the challenge in profit which is a bit of weight off the shoulders. +2.1%. {image}
Nice trade. There was another nice pres78 2BR right at zone H too and an NSP 2 right after the first 2BR.

I love that people still call those pres78 2BRs.

The second 2BR would have been a nice place to add a second position with a tighter SL... also the MA is green and PA is clearly on that side of the MA.
Today's zone = Tomorrow's opportunity!
  • #34,214
  • Oct 1, 2021 6:44am Oct 1, 2021 6:44am
Quoting pres78
{quote} Nice trade. There was another nice pres78 2BR right at zone H too and an NSP 2 right after the first 2BR. I love that people still call those pres78 2BRs. The second 2BR would have been a nice place to add a second position with a tighter SL... also the MA is green and PA is clearly on that side of the MA.
I see that 2nd 2br entry your talking about, after that formed I tightened my stop loss under it.

Was the 2nd one an official Pres78 2br though? The first bar (down) had decreased volume rather than increased volume?
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  • #34,215
  • Oct 1, 2021 6:58am Oct 1, 2021 6:58am
Quoting Paulscaff1
{quote} I see that 2nd 2br entry your talking about, after that formed I tightened my stop loss under it. Was the 2nd one an official Pres78 2br though? The first bar (down) had decreased volume rather than increased volume? {image}
Not picture-perfect BUT since its volume was still higher than bar 2 and bar 2 dipped lower, closed on its high and fully engulfed bar 1 I would trade it every time. Shows lack of selling interest and ease of moving upward.
Today's zone = Tomorrow's opportunity!
  • #34,216
  • Oct 1, 2021 7:03am Oct 1, 2021 7:03am
Quoting pres78
{quote} Not picture-perfect BUT since its volume was still higher than bar 2 and bar 2 dipped lower, closed on its high and fully engulfed bar 1 I would trade it every time. Shows lack of selling interest and ease of moving upward.
Ahh makes sense mate, il take that on board for next week.
  • #34,217
  • Oct 1, 2021 7:26am Oct 1, 2021 7:26am
Quoting Paulscaff1
{quote} I see that 2nd 2br entry your talking about, after that formed I tightened my stop loss under it. Was the 2nd one an official Pres78 2br though? The first bar (down) had decreased volume rather than increased volume? {image}
Different broker, a different view, which goes back to what HG says about trading what you see.

On my charts, that second 2BR was a true pres78 2BR with bar 1 on increased volume.
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Today's zone = Tomorrow's opportunity!
  • #34,218
  • Oct 2, 2021 9:52pm Oct 2, 2021 9:52pm
Quoting pres78
On my charts, that second 2BR was a true pres78 2BR with bar 1 on increased volume.
On my chart, the first two are true Pres78 2BRs. The entry signal, however, is not. But it is still a pretty obvious reversal with the first bar No Supply and the second bar a SQT.

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I have a question for Pres78 or anybody else who wants to chime in, what do you do in the following situation?

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Notice that the highest volume bar occurs at 1. The very next interval has decreasing volume, but it is also climatic. I know this because of the color. It is considered climatic because of volume * range. Which sets up this situation: Bar 2 has less volume but a wider range and a wider range bar results in a wider HVZ and wider HVZs are preferable because there's more room for price inside. Therefore, the question is would you use Bar 2 because of its range, or would you simply use Bar 1 because of its volume?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,219
  • Oct 3, 2021 12:44am Oct 3, 2021 12:44am
Quoting HiddenGap
{quote} I have a question for Pres78 or anybody else who wants to chime in, what do you do in the following situation?
When there are high volume bars that overlap, I usually combine them together, treat them as one giant zone and wait til price breaks out of the high or low of such a zone.

In this case i would use the longer bar since the highest volume bar falls on the inside of this longer bar, which itself has significant volume.
  • #34,220
  • Edited 11:28am Oct 3, 2021 4:21am | Edited 11:28am
Quoting HiddenGap
{quote} On my chart, the first two are true Pres78 2BRs. The entry signal, however, is not. But it is still a pretty obvious reversal with the first bar No Supply and the second bar a SQT. {image} I have a question for Pres78 or anybody else who wants to chime in, what do you do in the following situation? {image} Notice that the highest volume bar occurs at 1. The very next interval has decreasing volume, but it is also climatic. I know this because of the color. It is considered climatic because of volume * range. Which sets up this situation:...
Someone else asked that question in Pres's journal.

https://www.forexfactory.com/thread/...81#post8690381

I see the zone you marked , I had the smaller HVZ bar to the left marked out that was above price (Bar 1), I knew this could potentially cause some resistance so my goal was to get to breakeven before it was reached. But I like how your 25% lines up with the low of Bar 1.

I liked the bottom HVZ from the Wednesday though, as it looked like a selling climax and formed the boundary lines/Phase A of an accumulation schematic, with the first breakout of the range showing a wyckoff SOS, which proved to be the case in the end, with entry taken at the LPS/HB.

Your 2nd Pres 2BR, shows the same volume sequence as mine, so still not a "true" Pres 2BR, but like Pres says its still a valid entry.
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