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(binned per thread starter’s request) Trend Trading with VSA

  • #21
  • Oct 4, 2021 4:10am Oct 4, 2021 4:10am
1) When you find "bar level trend," switch to lower time frame and you will get a "simple structural trend."
2) In a corrective wave, mere SOW or SOS is not enough to enter the trade. We need "Actual Strength or Weakness" (Tom Williams' words) to appear to enter.

These are my observations and my suggestion is that you think of incorporating my 2nd point.

Structure: Richard Wyckoff

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Trade Location: David Weis

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Actual Entry based on Tom Williams.
  • #22
  • Oct 4, 2021 4:14am Oct 4, 2021 4:14am
As per my understanding, you are eliminating trading ranges and only trading "Trends." Though above example is based on re-accumulation, you are considering reversal of corrective wave in a trend and we need to find out when actual reversal will happen.
  • #23
  • Oct 4, 2021 7:30am Oct 4, 2021 7:30am
Quoting Shantala
1) When you find "bar level trend," switch to lower time frame and you will get a "simple structural trend." 2) In a corrective wave, mere SOW or SOS is not enough to enter the trade. We need "Actual Strength or Weakness" (Tom Williams' words) to appear to enter. These are my observations and my suggestion is that you think of incorporating my 2nd point. Structure: Richard Wyckoff {image} Trade Location: David Weis {image} Actual Entry based on Tom Williams.

This is my issue with multiple-time-frame analysis. By going to a lower time frame one introduces a whole new set of variables that require analysis in themselves. What appears on a lower time frame may give a false reassurance. I may glance at at a daily for curiosity but it affects my trading decisions little on the H1. Although there is much dogma surrounding MTFA I gave it up years ago. In my 12 years of trading I have found it lacking and quite honestly I see it as a factor in traders being unable to become profitable. I believe in trading one time frame.

Regarding SOS/SOW vs "actual strength/weakness". I don't see the difference. SOS is actual strength and SOW is actual weakness. I haven't discussed in detail entry technique at suspected corrective leg terminations but I'll get there.

Your comments are much appreciated.
  • #24
  • Oct 4, 2021 8:20am Oct 4, 2021 8:20am
Continuation from post 20 (there is likely to be changes and additions to this post for the next 24 hours)

Trends have been discussed to include their definitions and characteristics so we can speak from a common understanding.

The major thesis being asserted is that in a trend one should consider trading at trend pullbacks. In a trend pullbacks are the corrective legs.

Following will be discussion on the following topics:

1. Change in behavior such as transition from an uptrend to a downtrend. When can one have some assurance that the uptrend really became a downtrend?
2. Suggested approach to assess corrective legs with fibonacci.
3. Entry technique
4. Comparisons: SOW at corrective leg pullback vs SOS at impulse leg in a downtrend. SOS at corrective leg pullback vs SOW at impulse in a downtrend.
  • #25
  • Oct 7, 2021 8:38am Oct 7, 2021 8:38am
EURUSD 180 minute chart. Only observations applicable to this chart only.

Thus far "taking the most of what the market offers" has occurred after retracements (corrective legs).

Of note: the highest volume bars (pink) that led to a retracement (often very shallow) were followed by a high volume bar (purple) that either signaled impulse or continued the impulse for 2 or 3 more high volume bars.

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  • #26
  • Oct 11, 2021 12:10pm Oct 11, 2021 12:10pm
EURUSD 60min has continued to trend down with major LLs and LHs.

Currently a corrective wave is in progress with SOW suggesting it's termination and possible beginning of the next impulse.

Entry occurred on a 15 min chart with no demand bars signaling entry.

The purple arrows point to high volume areas which occur with regularity at the beginning of the London session and the NY session. I have yet to describe how these high volume time periods might be incorporated as part of a "rule-based" trading strategy. They seem to occur regularly at or near pivots and their use in the context of the overall trend (especially in relation to impulses/correction). I do tend to trade only during or shortly after these times.

I do aim for 3:1 (reward:risk) which if trading with the trend is entirely achievable and desirable.
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  • #27
  • Oct 12, 2021 1:01pm Oct 12, 2021 1:01pm
Quoting Winston Reed
EURUSD 60min has continued to trend down with major LLs and LHs. Currently a corrective wave is in progress with SOW suggesting it's termination and possible beginning of the next impulse. Entry occurred on a 15 min chart with no demand bars signaling entry. The purple arrows point to high volume areas which occur with regularity at the beginning of the London session and the NY session. I have yet to describe how these high volume time periods might be incorporated as part of a "rule-based" trading strategy. They seem to occur regularly at or near...
Update trade EURUSD 60min - Profit target (3:1) achieved.

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  • #28
  • Edited 7:53pm Oct 28, 2021 6:09pm | Edited 7:53pm
Can you say TREND?
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  • #29
  • Oct 28, 2021 8:08pm Oct 28, 2021 8:08pm
Uptrends and downtrends are characterized by very specific behavior.
Uptrends: HHs, HLs. Major impulses lead to major new highs
Downtrends: LLs, LHs. Major impulses lead to major new lows

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  • #30
  • Oct 28, 2021 8:32pm Oct 28, 2021 8:32pm
1. "Trend lines" are subjective. No particular rules needed for drawing trend lines. Only shown to suggest overall direction within the trend shown on the chosen time frame.
2. No analysis done on higher or lower time frame. Analyze and trade one time frame.
3. Volume "profile" at pivots often no different at corrective pivots or impulse pivots so trading pivot leading to potential impulse offers best R:R.
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  • #31
  • Oct 28, 2021 9:45pm Oct 28, 2021 9:45pm
CL 60 minute showing clear uptrend.
Double trend line just for overall direction. No science behind it. Just logical direction anyone can see.
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1. HV SOS at market open
2. Suggests no selling pressure
3. HV widespread bull with no wick. Close on high. Suggests market intends to trend up.
4. After drift no selling pressure
5. Confirmation
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1. HV SOS
2. Confirmation but lower volume
3. NSP
4. Confirmation on higher volume
5. Confirmation
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  • #32
  • Edited Oct 31, 2021 7:58am Oct 30, 2021 10:35pm | Edited Oct 31, 2021 7:58am
USDCHF 60 min. Trend down.
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  • #33
  • Oct 31, 2021 11:04am Oct 31, 2021 11:04am
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  • #34
  • Nov 2, 2021 10:09pm Nov 2, 2021 10:09pm
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  • #35
  • Last Post: Nov 8, 2021 8:27pm Nov 8, 2021 8:27pm
So busy in the main thread that I didn't know this thread existed.

I'm working on hanging onto VSA trades longer and I think that trend/market structure will help a lot with that. Saving it and will read all the posts when I have some more time.
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