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vsa with Malcolm

  • #34,321
  • Oct 7, 2021 9:30am Oct 7, 2021 9:30am
Quoting Anotan
{quote} I can't find any HVCs, but there is some sort of resistance at 5662. Every time price hits it, you'll see price start to tick really fast. Maybe if price pushes up and comes back and tests 5662.
Could be this one on H4?
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  • #34,322
  • Oct 7, 2021 9:33am Oct 7, 2021 9:33am
Quoting Paulscaff1
{quote} Could be this one on H4? {image}
I'l see how its reacts there, will likely move to breakeven before then
  • #34,323
  • Oct 7, 2021 9:34am Oct 7, 2021 9:34am
Quoting Paulscaff1
{quote} Could be this one on H4? {image}
Finally moving up, looks like price is responding positively to your NS. Nice job.
  • #34,324
  • Oct 7, 2021 9:56am Oct 7, 2021 9:56am
Quoting Anotan
{quote} Finally moving up, looks like price is responding positively to your NS. Nice job.
Out at breakeven. Looks like you could be getting a sell on H1?

Edit: sorry volume increased on that UT
  • #34,325
  • Edited 10:18am Oct 7, 2021 10:02am | Edited 10:18am
Anyone is playing at M1 chart like me?
Daytrader
  • #34,326
  • Oct 7, 2021 11:11am Oct 7, 2021 11:11am
Quoting Paulscaff1
EURUSD-M15 Test/NSP into YHVZ High and NYO HB, shared levels. See how this plays out {image}
i dont trade eurusd as its often very slow and there are only couple of days in a month when it moves well. that is why i prefer indices. but i keep one eye on it. so here is my 2 cents:
i would have traded the spring on 5min. why? we made HH in UK with good spread and volume and then we went in range. we broke the lows but immediately closed in the range - thats wyckoff spring and you can buy it right away. also, the fact that it happened on WRB lows makes it a stronger signal. Furthermore, WW with a decrease in down waves confirms that supply is not present. looking at it now, one could argue that if the spring does not break previous highs it's a failed spring. so i would put SL in BE. looking at 1h we recently printed HVC which closed in the middle and the next bar on the lows. that's sow in itself. if i would be still in a trade i would put SL bellow that HVC bar. if i would look for another entry it would be above today's highs if we break it with good volume. overall i would prefer to see a break of WRB and sow below it to sell it.
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The more you learn the more you earn
  • #34,327
  • Oct 7, 2021 11:24am Oct 7, 2021 11:24am
Quoting trezo
Anyone is playing at M1 chart like me?
yes, even 15sec TF and small range charts. but only if I'm scalping and only if the price is at the important area based on my analysis and if it matches with the bigger picture and if the RR is above 1:5 and many more ifs...
so many "ifs" due to the bad experience with scalping.
if you decide to go in a bot mode and have 50 trades a day then you need to have a very good trading plan and follow strict rules, otherwise, the outcome will be as for 90% of traders...

p.s.
i think it is better to go Anotan style and have trades that last several hours or days. healthier for your mind and if you are not a highly skilled scalper then also better for your account.
The more you learn the more you earn
  • #34,328
  • Oct 7, 2021 11:36am Oct 7, 2021 11:36am
Hey Pres, was going through some charts from today and looking to see what trades I missed.

I noticed this really nice Pres 2 BR into YHVZ High, just after running the Asian lows which would have got a descent return, and stop would have trailed nicely.

I was looking for the reason I might have missed this earlier and noticed that its because the newly created London open HVZ was just above price and we know not too trade a zone sandwich.

But if we are to assume/predict that London often creates a stop hunt before going in our direction (as is what happened with this setup), then wont we always be trading through an opposing zone? Because the London open stop hunt will mostly be on high volume which will often likely create an opposing zone.

Would you have taken the Pres 2Bar entry and just ignore the london open HVZ, because you know its just a stop hunt to then go in your direction.

Or would you have played it safe and took the NS entry that happened 3 bars later? Which would have likely got closed at breakeven when the next bar showed some supply.
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  • #34,329
  • Oct 7, 2021 11:45am Oct 7, 2021 11:45am
Quoting freemind
{quote} i dont trade eurusd as its often very slow and there are only couple of days in a month when it moves well. that is why i prefer indices. but i keep one eye on it. so here is my 2 cents: i would have traded the spring on 5min. why? we made HH in UK with good spread and volume and then we went in range. we broke the lows but immediately closed in the range - thats wyckoff spring and you can buy it right away. also, the fact that it happened on WRB lows makes it a stronger signal. Furthermore, WW with a decrease in down waves confirms that...
Looks like a good entry mate, but due to the rule bias from VZA then I wouldnt have caught that entry as it never broke the high. To be honest though ive never entered a trade before straight off a spring, ive always waited on a test of the spring to get in a trade, and it just so happens that the test happened just after the break above which I managed to catch

If trading Wyckoff though doesnt a Spring/Utad entry carry the highest risk? With the safer entry being the test, and then on the safest entry of all would be the backup?
  • #34,330
  • Oct 7, 2021 12:20pm Oct 7, 2021 12:20pm
Quoting Paulscaff1
{quote} Looks like a good entry mate, but due to the rule bias from VZA then I wouldnt have caught that entry as it never broke the high. To be honest though ive never entered a trade before straight off a spring, ive always waited on a test of the spring to get in a trade, and it just so happens that the test happened just after the break above which I managed to catch If trading Wyckoff though doesnt a Spring/Utad entry carry the highest risk? With the safer entry being the test, and then on the safest entry of all would be the backup?
it broke the previous day's HVZ high, even from that point of view you could have taken it or you are thinking about some other HVZ? I like to trade springs and UT, im looking at confirmation on WW and smaller TF. springs are fucking awesome when we keep making HH and HL and when we are trending we can switch to 1min or 15sec TF and look for springs there for adding to the position. IF you have a good entry then RR is very good. for example, in UK we had UT that would have been a riskier trade as against the trend, but if we look on WW we can see that we had massive vol and failed to close above new high so that means selling, David weiss would have sold that right away.
tests on springs are very safe entry, if we have high volume spring then we will often test that. if lower vol then not. Gary Dayton talks about that springs should have less volume than on the previous support, one might consider that when trading them.
when trading springs we look at how price reacts around previous resistance. if we can't break it then the spring is not valid, so then you can put SL to BE or close the trade.
The more you learn the more you earn
  • #34,331
  • Oct 7, 2021 12:31pm Oct 7, 2021 12:31pm
Quoting Paulscaff1
Hey Pres, was going through some charts from today and looking to see what trades I missed. I noticed this really nice Pres 2 BR into YHVZ High, just after running the Asian lows which would have got a descent return, and stop would have trailed nicely. I was looking for the reason I might have missed this earlier and noticed that its because the newly created London open HVZ was just above price and we know not too trade a zone sandwich. But if we are to assume/predict that London often creates a stop hunt before going in our direction (as is what...
Honestly, most days I would bypass that 2BR even if that LO zone wasn't there... the shared level is nice support and there appears to be room to hit 1 to 1 by the 50% BUT the upbar was a little too ugly for me with all that upper wick.
Today's zone = Tomorrow's opportunity!
  • #34,332
  • Oct 7, 2021 12:38pm Oct 7, 2021 12:38pm
Quoting freemind
{quote} it broke the previous day's HVZ high, even from that point of view you could have taken it or you are thinking about some other HVZ? I like to trade springs and UT, im looking at confirmation on WW and smaller TF. springs are fucking awesome when we keep making HH and HL and when we are trending we can switch to 1min or 15sec TF and look for springs there for adding to the position. IF you have a good entry then RR is very good. for example, in UK we had UT that would have been a riskier trade as against the trend, but if we look on WW we...
Yeah I was looking at this one mate, I think its the same as yours. Sorry, I had to stretch the chart to get all the M5 in.
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  • #34,333
  • Oct 7, 2021 12:45pm Oct 7, 2021 12:45pm
Quoting pres78
{quote} Honestly, most days I would bypass that 2BR even if that LO zone wasn't there... the shared level is nice support and there appears to be room to hit 1 to 1 by the 50% BUT the upbar was a little too ugly for me with all that upper wick.
Yeah now that you mention it makes sense, plus the down bars before the 2BR look a bit sketchy, like catching a falling knife.
  • #34,334
  • Oct 8, 2021 2:51am Oct 8, 2021 2:51am
My bias is up for Crude

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  • #34,335
  • Oct 8, 2021 2:56am Oct 8, 2021 2:56am
Do we consider the Stopping Volume (marked on chart) as valid or should we need it in fresh grounds?

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  • #34,336
  • Oct 8, 2021 4:19am Oct 8, 2021 4:19am
Quoting Shantala
My bias is up for Crude {image}
Ive seen loads of good setups on oil.....but the spreads make it almost untradable for me.
  • #34,337
  • Edited 5:01am Oct 8, 2021 4:49am | Edited 5:01am
Quoting Shantala
Do we consider the Stopping Volume (marked on chart) as valid or should we need it in fresh grounds? {image}
As far as I know Selling Climax, bag holding and bottom reversal are the only signs of strength that have to reach into fresh new ground. (I could be wrong though).

Looks like there was maybe some weakness on the left half of the 2nd chart at your resistance line. Looks like a strong resistance level, would maybe need to see some absorption there, before considering longs?
  • #34,338
  • Oct 8, 2021 6:13am Oct 8, 2021 6:13am
Quoting Shantala
Do we consider the Stopping Volume (marked on chart) as valid or should we need it in fresh grounds? {image}
that set up is classic vsa

the bar marked ... whatever we want to call it is a narrower spread than prior bars with higher volume.

That is the first sos

the actual confirmed entry was the test a few bars later , giving an ultra safe entry
Blogging daily now at www.volume.zone
  • #34,339
  • Oct 8, 2021 6:16am Oct 8, 2021 6:16am
watch for buys on es today above the high of the us open range yesterday ...

charts are exhibiting strength on down moves now.

even if the nfp is only 400 k ..... its still mote than last month and es will go vertical

There was a little supply at the top of the us openrange yesterday , but above that its a 300 to 500 point trade
Blogging daily now at www.volume.zone
  • #34,340
  • Oct 8, 2021 6:21am Oct 8, 2021 6:21am
gold in classic consolidation ...

we have had an upthrust out of the channel meaning could be potential distribution phase,,,, but not so clear at moment

I would look to sell sow under channel lows with moves towards 1740
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