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vsa with Malcolm

  • #34,461
  • Edited 8:55am Oct 13, 2021 8:32am | Edited 8:55am
4th batch of UC shorts.

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bleh.. I held on to it too long I thought for sure it was going to tag the low of the up bar. 70% of my orders were BE, I had 3 orders I took 7-8 pip losses.

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  • #34,462
  • Edited 9:11am Oct 13, 2021 8:54am | Edited 9:11am
Quoting trezo
{quote} How do you rate the trend?
Trezo, if you want to know which trend is it, just look the left side,
- if you have more bullish volume and the price is going up - trend up
- if you have more bearish volume and the price is going down - trend is down

especially if you trade lower TF like M1, my advice just trade in one direction.

Ok here is the possible entries from Nas100 (M1), i took examples from your trading time before. If the price tend to make sideway movement like that, pay attention if the price make new low that is the taking profit area .... Trading M1 is not suitable for me, its moving too fast, its better for young trader or robot trading maybe ... :-)

another exmples from today ... was better more trending ... its more easier to trade, the pattern are clear
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  • #34,463
  • Oct 13, 2021 9:55am Oct 13, 2021 9:55am
Hi guys.

That's entries from me today. NASDAQ M1.

I have problem with getting out from position. How are you doing it? I know you told me about trailing. But how should I trail it here?

What do you think about my look on this chart? Is it wrong or good?

And I have a little problem with stop losses...
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Daytrader
  • #34,464
  • Oct 13, 2021 9:58am Oct 13, 2021 9:58am
Quoting Cyberforex
{quote} Trezo, if you want to know which trend is it, just look the left side, - if you have more bullish volume and the price is going up - trend up - if you have more bearish volume and the price is going down - trend is down especially if you trade lower TF like M1, my advice just trade in one direction. Ok here is the possible entries from Nas100 (M1), i took examples from your trading time before. If the price tend to make sideway movement like that, pay attention if the price make new low that is the taking profit area .... Trading M1 is not...
I was looking at SMA 20 and lower highs lower lows. Trend rating in my opinion was good. I was trading with the trend I think.
Daytrader
  • #34,465
  • Oct 13, 2021 11:14am Oct 13, 2021 11:14am
Quoting trezo
{quote} what these indicators are based on? {image}
Quoting paulscaff1
HG has spoke about it. https://www.forexfactory.com/thread/...7#post12358347
Slow down my friend. I know you're only trying to help, but the question was "what are these [Tradeguider] indicators based on"?

The top indicator is the "medium term" trend indicator. I am not sure what it is based on or how it is calculated.

The bottom indicator is "Volume Thermometer". It is based on the following core volume principle: Bullish volume = increasing volume on an UP bar and decreasing volume on a DOWN bar. Bearish Volume = increasing volume on a DOWN bar and decreasing volume on an UP bar. (NOTE: The increasing volume should not be excessive.)

Again, I don't know how it is calculated, but it is most likely a running total (Sum) of the Bullish and Bearish volume over a some length of time.

I have "designed" some indicators to replicate the look of the Tradeguider indicator, but they are not perfect substitutes.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,466
  • Oct 13, 2021 11:19am Oct 13, 2021 11:19am
Quoting HiddenGap
{quote} {quote} Slow down my friend. I know you're only trying to help, but the question was "what are these [Tradeguider] indicators based on"? The top indicator is the "medium term" trend indicator. I am not sure what it is based on or how it is calculated. The bottom indicator is "Volume Thermometer". It is based on the following core volume principle: Bullish volume = increasing volume on an UP bar and decreasing volume on a DOWN bar. Bearish Volume = increasing volume on a DOWN bar and decreasing volume on an UP bar. (NOTE: The increasing volume...
Apologies mate, I should have re-read the old post before I sent the link.
  • #34,467
  • Oct 13, 2021 11:42am Oct 13, 2021 11:42am
Quoting Paulscaff1
I just want to add an observation from the recent Tradeguider video, Holmes jumps in on a short on the 15s timeframe and doesnt even wait on a break of the trigger level, or a cross of the MA. It was simply one if his "entry sequences", climactic up bar, next bar down, next bar no demand.
Nice pick-up. This is one of the most frustrating things I see him do. He has a set of rules, then breaks them and thinks that's okay. Good traders have a set of rules and they follow them. Newbie traders create rules and then disregard them, then blow up their accounts.

And to make matters worse, he tried to justify it by saying there was trend alignment, when there clearly was not (if you recall, an audience member said he would not have taken the trade because there was no trend alignment, and then Gavin went into justification mode).

Yes, Gavin made money on the trade. And I guess that's all that matters (if selling software is your goal). In the world of trading, however, the streets are lined with broke traders who set up rules and then didn't follow them.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,468
  • Oct 13, 2021 11:58am Oct 13, 2021 11:58am
Quoting Cyberforex
My advice trading M1 : 1. Recognize the trend 2. Trade only in one direction (trend follower), to get focus in which direction you will trade 3. Have a good money management 4. If you loss a trade just forget, get focus the next (because in M1 you will get a lot of more entry pattern).
Sounds like good advice regardless of the time frame.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,469
  • Oct 13, 2021 5:11pm Oct 13, 2021 5:11pm
Quoting HiddenGap
{quote} Sounds like good advice regardless of the time frame.
actually yes, even on H1 i try to follow the volume (which will cause the direction) and the beauty of VSA is recognizing top, buttom are possible ....
  • #34,470
  • Oct 14, 2021 2:04am Oct 14, 2021 2:04am
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Which HVZ should I use?

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  • #34,471
  • Oct 14, 2021 2:48am Oct 14, 2021 2:48am
Quoting Shantala
{image} Which HVZ should I use? {image}
Usually starts with yesterdays NY HVZ mate.

Check out Pres78's thread, It covers most of the method, and the nuances regarding zones and setups etc.
  • #34,472
  • Oct 14, 2021 3:17am Oct 14, 2021 3:17am
GBPCAD M15/M5 -1R/-1%

M15 - Retracement to the HB of YHVZ. First we had a LV test, then an UHV shakeout.

I was tempted to take the entry after the UHV shakeout which i know Malc likes to do. But the theory made me hesitate a bit.
If it was on low/<2 volume then we can assume that the Test/SO found no supply and buyers would be free to mark up without resistance.
But textbook would say that UHV would show potential evidence of supply which could affect the markup and may be tested.

M5 - Moved down to M5 to see if the picture was clearer. We had an WRB ultra high volume down bar, followed by a WRB Effort to rise which broke the high of the UHV bar.

Due to this up bars high spread and low volume, I interpreted it has having little to no supply which would obstruct the buying, (Low effort, High Result).
Despite me seeing this as a sign of strength, we still had to test the UHV bar.

2 Bars Later we had a LV Hidden Test which confirmed no supply. I was filled slightly higher due to spread. With stop below the Hidden Test.


Takeaways for this are that potentially my stop was too tight. If my analysis was based on the M15 shakeout then maybe I should have used that to define my stop. As of now price his still making higher highs so would still be in the trade.
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  • #34,473
  • Oct 14, 2021 3:48am Oct 14, 2021 3:48am
Quoting Paulscaff1
Takeaways for this are that potentially my stop was too tight. If my analysis was based on the M15 shakeout then maybe I should have used that to define my stop. As of now price his still making higher highs so would still be in the trade.
Building on your statement about your SL was too tight, might be worth looking into placing your stop loss lower than the low of the test bar and once price hits 1:1 moving your stop loss up to the low of the test bar. 1:1 using the distance from your entry to the low of the test bar.

You have a couple of choices here for your initial stop loss, either find a SoW under your test and put your SL under the SoW, or use the swing low. In this case particular I would've have placed my initial SL under the low of the wide spread up bar. That wide spread up bar shows buyers commitment after seeing the selling climax a few bars before.
  • #34,474
  • Oct 14, 2021 4:21am Oct 14, 2021 4:21am
Quoting Anotan
{quote} Building on your statement about your SL was too tight, might be worth looking into placing your stop loss lower than the low of the test bar and once price hits 1:1 moving your stop loss up to the low of the test bar. 1:1 using the distance from your entry to the low of the test bar. You have a couple of choices here for your initial stop loss, either find a SoW under your test and put your SL under the SoW, or use the swing low. In this case particular I would've have placed my initial SL under the low of the wide spread up bar. That wide...
Aye mate, looks like that would be the best way to go
  • #34,475
  • Oct 14, 2021 8:35am Oct 14, 2021 8:35am
GBPAUD M30

Low Volume Upthrust into YHVZ Low.

PA looks a bit corrective, but its risk free.
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  • #34,476
  • Oct 14, 2021 9:02am Oct 14, 2021 9:02am
Missed a nice short on EURCAD from a Low Vol UT into YHVZ Low.
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  • #34,477
  • Oct 14, 2021 2:32pm Oct 14, 2021 2:32pm
Quoting trezo
{quote} I was looking at SMA 20 and lower highs lower lows. Trend rating in my opinion was good. I was trading with the trend I think.
Today, NQ is trending, ideal for 1 min tf trader.
  • #34,478
  • Oct 15, 2021 6:35am Oct 15, 2021 6:35am
Quoting trezo
{quote} I was looking at SMA 20 and lower highs lower lows. Trend rating in my opinion was good. I was trading with the trend I think.
potentially wrong

nasdaq two days back was an up day ..... so maybe you were trading against the trend on ghigher time ..which is ok but adds more risk to your trading risk profile

for stops use atr stops indie
Blogging daily now at www.volume.zone
  • #34,479
  • Oct 15, 2021 6:42am Oct 15, 2021 6:42am
Quoting Shantala
{quote} Today, NQ is trending, ideal for 1 min tf trader.
ideal for any time frame trader .. made 600 points on es yesterday ... awesome day . Traded off a 30 min chart.

gold today is trending nicely .. strong chance we see 1757 in us if the chart dynamics do not change

I love Tg due to the trend alignment scanners .... keeps me out of shit conditions and allows me to risk more on account in good conditions


remember guys .

our own worst enemy is our lack of patience
we do not have to be in the markets all the time .. sometimes they churn
if you start with 1000 you are only 177 trades away from 1.5 million .. if you trade only the clear set ups losses are limited . my best run was 50 winning trades in a row. But it took me 3 months
Blogging daily now at www.volume.zone
  • #34,480
  • Oct 15, 2021 6:55am Oct 15, 2021 6:55am
Quoting malcolmb14
{quote} my best run was 50 winning trades in a row. But it took me 3 months
Wow!.... Very impressive.
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