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vsa with Malcolm

  • #34,221
  • Edited 11:48am Oct 3, 2021 10:55am | Edited 11:48am
Quoting Paulscaff1
I liked the bottom HVZ from the Wednesday though, as it looked like 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.
Interesting.

I will only have two Zones on my chart at a time: Yesterday's HVZ (YHVZ) and in certain cases Today's HVZ (THVZ). And I would only use Today's HVZ when price is a significant distance away from YHVZ.

I think the more Zones on the chart, the less clean-looking it becomes. Additionally, in my hierarchy of Zones, Yesterday's HVZ and Today's HVZ are at the top.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,222
  • Oct 3, 2021 11:17am Oct 3, 2021 11:17am
Quoting HiddenGap
{quote} Interesting. I will only have two Zones on my chart at a time: Yesterday's HVZ and in certain cases the Current HVZ. And I would only use the Current HVZ when price is a significant distance away from YHVZ. I think the more Zones on the chart, the less clean-looking it becomes. Additionally, in my hierarchy of Zones, Yesterday's HVZ and the Current HVZ are at the top.
That is the same for me.

I find most times price will travel from yesterday's zone and then form today's zone at the days H or L...

OR

If the price is away from YHVZ, price again will form THVZ near or at the days H or L and then travel back to the zone from yesterday...

OR

Sometimes the zone from today overlaps the zone from yesterday... or can even engulf it if we are seeing absorption.
Today's zone = Tomorrow's opportunity!
  • #34,223
  • Oct 3, 2021 11:26am Oct 3, 2021 11:26am
Quoting procmail
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.
Interesting. I like how you have "owned" the Zone concept in a way that suits you.

Personally, I start from the premise that the bar, regardless of range, with the highest volume should be FIBbed. This is despite the fact that the wider the range of the Zone, the more likely it is to see price action inside the Zone.

Quoting procmail
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.
Agreed. I think this is an exception to the rule. The funny thing is, I watched a TradeGuider video where Lauren chooses to use a wider range bar over the narrower range bar with more volume to draw the trigger numbers. She was a bit opaque as to why, but hinted that it was to allow for price action within the Zone.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,224
  • Oct 3, 2021 3:31pm Oct 3, 2021 3:31pm
Does someone can programming in MQL5, MQL4? I have HLC BARS indicator for mql5, which is great but bars are coloured by tick volume values, not by close higher than open like classic bars... And can you change mql5 to mql4?
Daytrader
  • #34,225
  • Edited 4:02am Oct 4, 2021 3:52am | Edited 4:02am
Quoting trezo
Does someone can programming in MQL5, MQL4? I have HLC BARS indicator for mql5, which is great but bars are coloured by tick volume values, not by close higher than open like classic bars... And can you change mql5 to mql4?
I had a quick search for a HLC indicator and couldnt find much mate, apart from the one youve got. There is a paid one on mql5 though if you want for $30. Or you could use the ohlc bars on your terminal?

Im sure Polomine has an indicator out there but I think its for MT4.

Edit: From what I can see in your charts, all your up close bars are blue, and down close bars are red, so your bars seem ok, maybe you just need to use a different volume indicator?
  • #34,226
  • Oct 4, 2021 4:15am Oct 4, 2021 4:15am
I am using TradingView and it has default setting for HLC (Close Only) bars.
  • #34,227
  • Oct 4, 2021 8:50am Oct 4, 2021 8:50am
Quoting Paulscaff1
{quote} I had a quick search for a HLC indicator and couldnt find much mate, apart from the one youve got. There is a paid one on mql5 though if you want for $30. Or you could use the ohlc bars on your terminal? Im sure Polomine has an indicator out there but I think its for MT4. Edit: From what I can see in your charts, all your up close bars are blue, and down close bars are red, so your bars seem ok, maybe you just need to use a different volume indicator?
it is other indicator bro, not this like on my charts. I got one for mt5 ohlc wider bars, thats pretty ok. But i didnt get any good hlc
Daytrader
  • #34,228
  • Oct 4, 2021 10:00am Oct 4, 2021 10:00am
My day on NQ. Can someone also post a chart with analysis for NQ M1?

And I have a question when you are getting out from position? on climatic volumes like I get out?
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Daytrader
  • #34,229
  • Oct 4, 2021 10:41am Oct 4, 2021 10:41am
and where i should place stop losses ?
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Daytrader
  • #34,230
  • Oct 4, 2021 2:41pm Oct 4, 2021 2:41pm
I saw Selling Climax and thought of going long at phase C, but due to wide SL, I hesitated. I started looking for long in a rising market, but didn't get reliable setup. Meanwhile, I observed a new distribution is forming. Now, my mind changed, thought shorting will be with trend, I started looking for short.
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  • #34,231
  • Oct 5, 2021 3:36am Oct 5, 2021 3:36am
Quoting trezo
And I have a question when you are getting out from position? on climatic volumes like I get out? {image}
An easy starting point for stops is finding trapped buyers if you're short or trapped sellers if you're long. And Climatic volume is a great starting point for exiting trades.

I don't have any hard and fast rule for stops or targets, a lot of it has to do with how confident I am with the trade. Trades I'm less confident about I tend to put tighter stops.

I do trade HVCs, so I expect that the HVC is going to act as hard resistance and once price starts moving away from my entry then I start protecting myself by moving stops down.

Here is a trade for today, I shorted Yesterday's HVC from the Asia session and my initial stop was just above the trapped buyers, if price is bearish its very unlikely price will return to previous buying. As price starts falling I'll bring stops down and start adding to my position.

This trade is pretty straight forward as price reaches the lows I'll start dumping positions, but one thing about multi entries is you can scale out of a position. If you see climatic volume you can dump 1/2 your position or whatever you like and let the rest ride if you think there is a chance price could keep going your way.
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  • #34,232
  • Oct 5, 2021 4:40am Oct 5, 2021 4:40am
Quoting Anotan
{quote} , a lot of it has to do with how confident I am with the trade. Trades I'm less confident about I tend to put tighter stops.
Am I right in saying that you dont use percentage based position sizing?

You use a fixed lot size, therefore the less pips for a stop loss, then less capital risked, and vice versa?
  • #34,233
  • Edited 5:41am Oct 5, 2021 5:21am | Edited 5:41am
Quoting Paulscaff1
{quote} Am I right in saying that you dont use percentage based position sizing? You use a fixed lot size, therefore the less pips for a stop loss, then less capital risked, and vice versa?
I don't use percentages, but I have a general idea of the dollar amount I'm risking.

The tighter stop is more about I'm not willing to sit in DD on a trade that I have doubts on. For example the EA trade posted was an easy short, I had no problem sitting with DD if price decided to tag 6001.
  • #34,234
  • Oct 5, 2021 5:55am Oct 5, 2021 5:55am
Quoting Anotan
{quote} I don't use percentages, but I have a general idea of the dollar amount I'm risking. The tighter stop is more about I'm not willing to sit in DD on a trade that I have doubts on. For example the EA trade posted was an easy short, I had no problem sitting with DD if price decided to tag 6001.
Ahh kl mate, ,makes sense.
  • #34,235
  • Edited 6:57am Oct 5, 2021 6:10am | Edited 6:57am
AUDUSD-M15, Loss -1%

Price retraced back to Fridays HVZ, we broke the HVZ High and also the OR High, so looked for a long entry.

There was a no supply which touched the HVZ high which I hesitated on. Then a hidden test which also touched the high so placed a buy stop above the high.

After triggering it bounced around in drawdown for 2 hours before stopping out.

This trade had some risk going against it because there was an opposing zone (YHVZ) which was controlling the dynamic, and also inside a H4 Supply Zone, this is why I hesitated on the first no supply entry. I likely wouldn't attempt a trade like this again though, as there are better set-ups.

Edit: H1 Diamonds were opposing aswell, so dont know why I even considered this

Win some, lose some though. Will see what NY has to offer.

Current challenge progress +1.27%
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  • #34,236
  • Oct 5, 2021 7:05am Oct 5, 2021 7:05am
Quoting Paulscaff1
AUDUSD-M15, Loss -1% Price retraced back to Fridays HVZ, we broke the HVZ High and also the OR High, so looked for a long entry. There was a no supply which touched the HVZ high which I hesitated on. Then a hidden test which also touched the high so placed a buy stop above the high. After triggering it bounced around in drawdown for 2 hours before stopping out. This trade had some risk going against it because there was an opposing zone (YHVZ), and also inside a H4 Supply Zone, this is why I hesitated on the first no supply entry. I likely wouldn't...
You have a few things going on here, I think there is a red flag with the VZA stuff but I'll leave that to the experts.

One of the most impactful things I learned from HG is the no result from test.

Looking at your NS test, the next bar is up and it does close on the highs of the NS test which is good, but you really need to be looking for price to take out that high. Two bars after the NS test, is the "test".. its too wide in this context for me.. But this test also fails to take out the high of the NS test. Finally the 3rd bar does take out the highs of the NS test but look at the body of the bar, it's pretty small. Seeing this bar I would be trying to protect myself, reducing position moving up stops etc.
  • #34,237
  • Oct 5, 2021 7:23am Oct 5, 2021 7:23am
Sellers seem like they are making another run at the lows.

Closed some trades earlier as price was testing the lows. I kept some open because of the sellers that came in an hour before the AUD rate statement.
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  • #34,238
  • Oct 5, 2021 7:49am Oct 5, 2021 7:49am
Quoting Anotan
{quote} You have a few things going on here, I think there is a red flag with the VZA stuff but I'll leave that to the experts. One of the most impactful things I learned from HG is the no result from test. Looking at your NS test, the next bar is up and it does close on the highs of the NS test which is good, but you really need to be looking for price to take out that high. Two bars after the NS test, is the "test".. its too wide in this context for me.. But this test also fails to take out the high of the NS test. Finally the 3rd bar does take...
I appreciate your input mate. Yeah even before looking at the VSA I shouldnt have been even thinking about a setup here, but lesson learned (hopefully ).

Your right mate, i never noticed that the NS high didnt get taken out.

Regarding the test bar length, how are you defining it being too wide? From what ive learned, an ideal test will make a LL, so this bar had to be the width that it was to engulf (bottom and top) of the previous bar. Plus wouldnt the LL that the test made add to its weight? I know that narrow range "no supply" are desired, but is that the same with "test" bars?

I see what you mean about the small bodied candle that triggered me in, so are you always looking to get triggered on a "strong" candle (sometimes referred to as a fortress candle)?

And if triggered on a weak candle, then think about tightening stops etc?
  • #34,239
  • Oct 5, 2021 7:55am Oct 5, 2021 7:55am
Quoting Paulscaff1
AUDUSD-M15, Loss -1% Price retraced back to Fridays HVZ, we broke the HVZ High and also the OR High, so looked for a long entry. There was a no supply which touched the HVZ high which I hesitated on. Then a hidden test which also touched the high so placed a buy stop above the high. After triggering it bounced around in drawdown for 2 hours before stopping out. This trade had some risk going against it because there was an opposing zone (YHVZ) which was controlling the dynamic, and also inside a H4 Supply Zone, this is why I hesitated on the first...
while trapped between zones which are too close to each other i always prefer to stay sidelined until market is just above or below the both zones.
  • #34,240
  • Oct 5, 2021 8:03am Oct 5, 2021 8:03am
Quoting attique08
{quote} while trapped between zones which are too close to each other i always prefer to stay sidelined until market is just above or below the both zones.
Yeah mate, exactly what I should have done

That was a "zone-sandwich" right there! (New term for the VZA book)
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