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vsa with Malcolm

  • #34,661
  • Oct 21, 2021 11:28am Oct 21, 2021 11:28am
Quoting trezo
{quote} I saw your posts about ATR stoploss, I was searching for indicator in links that you and other shared here. And all indi was odd. Thats why I didnt try it.
try searching forexfactort for it. There are many atr or chandelier stop indicators. They both do something similar. It may help you OR just move stops loss to 20 points under last lows of last down wave for up moves and opposite for down moves .... might work
Blogging daily now at www.volume.zone
  • #34,662
  • Oct 21, 2021 11:38am Oct 21, 2021 11:38am
today seems solid test day gbp .. tomorrow if we get above todays highs gbp will make a sweet trade to the upside
Blogging daily now at www.volume.zone
  • #34,663
  • Oct 21, 2021 11:45am Oct 21, 2021 11:45am
Quoting malcolmb14
{quote} try searching forexfactort for it. There are many atr or chandelier stop indicators. They both do something similar. It may help you OR just move stops loss to 20 points under last lows of last down wave for up moves and opposite for down moves .... might work
I noticed that I can move stoploss under climatic/higher volume than normal. And I did like that, but I am testing it.

I will try one more time with this ATR stoploss, but I downloaded maybe 4 indi? and all were bad
Daytrader
  • #34,664
  • Oct 21, 2021 12:19pm Oct 21, 2021 12:19pm
Quoting malcolmb14
{quote} where do i start ? those indicators are basically a take off from tradeguider ...... the bar and the volume associated with a bar mean something .. aka volume spread analysis. i suggest get your hands on tom williams master the markets and gavin holmes trading in the shadow of the smart money They will give you an insight on vsa which will give you an insight on how to use better volume indie etc.
thank you very much
  • #34,665
  • Oct 21, 2021 12:24pm Oct 21, 2021 12:24pm
Quoting trezo
{quote} I noticed that I can move stoploss under climatic/higher volume than normal. And I did like that, but I am testing it. I will try one more time with this ATR stoploss, but I downloaded maybe 4 indi? and all were bad
you can try this if you like, make sure on demo or there were no orders opened before the ea, or it will close all our old orders without warning. use keep distance, nd unit is in points
Attached File(s)
File Type: ex4 RoNz Auto SL-TS-TP v206 hidden.ex4   23 KB | 221 downloads
  • #34,666
  • Oct 21, 2021 12:58pm Oct 21, 2021 12:58pm
Quoting ntk
{quote} you can try this if you like, make sure on demo or there were no orders opened before the ea, or it will close all our old orders without warning. use keep distance, nd unit is in points {file}
I am playing at demo right now so will be ok. I am on demo because I don't have a trading plan/system defined yet.

But I think I wont use it because I had it and its not for me.
Daytrader
  • #34,667
  • Oct 21, 2021 1:52pm Oct 21, 2021 1:52pm
Quoting malcolmb14
{quote} try searching forexfactort for it. There are many atr or chandelier stop indicators. They both do something similar. It may help you OR just move stops loss to 20 points under last lows of last down wave for up moves and opposite for down moves .... might work
Are you using chandelier indi? I am checking it now and looks good, what range settings do you have if you are using it?
Daytrader
  • #34,668
  • Oct 21, 2021 2:03pm Oct 21, 2021 2:03pm
Quoting Paulscaff1
{quote} Theres a pdf on the better volume flying about, check on google. Or might be on this thread somewhere. {quote} Found this one mate. {image}
Something is wrong with that document? ... and I thought you use better volume, but no you use hidden gao volume, why the name hidden gap volume where is gap in volume or volume in hidden gap???? what is easier to see on hidden gp volume you can not in better volume???

If you agree with the text excerpt about climax up and climax down and the position you see in the picture (volume under the bars chart, then the summary about the position where you expect seeing climax up (RED) /down (WHITE) to appear is wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: better vol 1.png Size: 285 KB
Click to Enlarge Name: bettervol summary.png Size: 81 KB
Attached Images
  • #34,669
  • Oct 21, 2021 2:09pm Oct 21, 2021 2:09pm
Could you see the faults????
Attached Image (click to enlarge)
Click to Enlarge Name: better vol doc TaBLE.png Size: 366 KB
  • #34,670
  • Edited 2:56pm Oct 21, 2021 2:14pm | Edited 2:56pm
first one trade on EG was closed at BE. let's see if this day would be a positive one.
Attached Image (click to enlarge)
Click to Enlarge Name: US30M30.png Size: 59 KB

EDIT:
strong close on high. +1.5R
took 1 and rest set BE.
Attached Image (click to enlarge)
Click to Enlarge Name: US30M302.png Size: 31 KB
  • #34,671
  • Edited 2:35pm Oct 21, 2021 2:16pm | Edited 2:35pm
Quoting trezo
{quote} Are you using chandelier indi? I am checking it now and looks good, what range settings do you have if you are using it?
Sorry I cant help as I dont use chandlier ... I use only key levels, TL, pivots, support resistance, fibo
  • #34,672
  • Edited 3:26pm Oct 21, 2021 2:33pm | Edited 3:26pm
Quoting Paulscaff1
{quote} Theres a pdf on the better volume flying about, check on google. Or might be on this thread somewhere. {quote} Found this one mate. {image}
!!!!!!!! Please help me with the colors !!!!!!!!!

in the document pdf the author uses colors:
white for climx UP
red for climx down
green/blue or high churn
magenta for high churn with climx
Yellow for low volume

BUT in the indicator configuration the coder uses
lightseegreen
while
firebrick
dolgerblue
lightslmon
magenta

So
lightseegreen is for ??
white is not for climx DOWN, but neutral !!!
firebrick is for ??
dolgerblue is for ??
lightsalmon is for ??
magenta is for ??
which colorhs same shade as yellow, red, white, magenta, green blue?

I dont see yellow but white for neutral
I dont see high churn + climax at all
I dont see climax down, but I see climax low (so climx down must be climax low????)

So confusing with color scheme.... please help me sort the color out. Thank you ver much or your time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: better vol color rreal.png Size: 200 KB
Click to Enlarge Name: climx high churn.png Size: 61 KB
Click to Enlarge Name: climx high.png Size: 61 KB
Click to Enlarge Name: climx low.png Size: 61 KB
  • #34,673
  • Oct 21, 2021 2:36pm Oct 21, 2021 2:36pm
Quoting trezo
{quote} Are you using chandelier indi? I am checking it now and looks good, what range settings do you have if you are using it?
2 x ATR and/or 2 5 x ATR I think mate.
  • #34,674
  • Oct 21, 2021 2:37pm Oct 21, 2021 2:37pm
Quoting Paulscaff1
{quote} 2 x ATR and/or 2 5 x ATR I think mate.
Yeah I know about ATR value ,but I am asking about range, it is diffrent setting.
Daytrader
  • #34,675
  • Edited 4:02pm Oct 21, 2021 2:39pm | Edited 4:02pm
Quoting ntk
{quote} Something is wrong with that document? ... and I thought you use better volume, but no you use hidden gao volume, why the name hidden gap volume where is gap in volume or volume in hidden gap???? what is easier to see on hidden gp volume you can not in better volume??? If you agree with the text excerpt about climax up and climax down and the position you see in the picture (volume under the bars chart, then the summary about the position where you expect seeing climax up (RED) /down (WHITE) to appear is wrong {image} {image} {image} {image}...
I just like the HG volume personally because it highlights the low and high volume bars.

All the volume indicators show the same values mate, just different colour codings. So doesnt matter too much which one you pick.

You could keep it simple for yourself at first and just use the MT4 tick volume. Its pretty good to be fair as it highlights increasing and decreasing bars.
  • #34,676
  • Oct 21, 2021 3:39pm Oct 21, 2021 3:39pm
Quoting trezo
{quote} Yeah I know about ATR value ,but I am asking about range, it is diffrent setting.
Not too sure tbh mate.

Maybe post a screenshot of the settings menu?

Or just play about with the settings till it looks similair to the other charts posted.
  • #34,677
  • Oct 21, 2021 9:13pm Oct 21, 2021 9:13pm
Quoting trezo
{quote} Why you think trading higher timeframes is medicine for everything ? I think i can trade on this tf but i have to work on it. You and other are always talking - go higher timeframes… you will not tell me whats wrong on chart but you will tell me change timeframe
While it is a core concept in VSA that professional money (Smart Money) oporates on all timeframes, as a retail trader using VSA, recent tradeguider videos not withstanding, it almost certainly behooves you to trade HIGHER TIME FRAMES.

I could be, and I hope i am, wrong but it feels like you want to trade the M1 for the "action". That is a bad. reason to trade anytime frame. You must learn to have patience.

I recentlyl showed an example of a trade taken off ther M1 time frame. The analysis was done off a a M15 and H1 chart first. I am on record as a multiple time frame dectractor, but it's hard to argue with the success (i.e. Malcolmb14) right before your eyes.

A lot of professional/institutional traders use Market Profile. Market Profile is based on a 30 minute chart. That's why the M30 works well for trend identification and climatic volume. You could try starting with. the M30 then going down to the M10 and if, and only if, those two are aligned, going down to the M1 for entry.

You could aslo try a simple dual time frame set up with the M1 and the M5. Only trading on the M1 that is aligned with the trend on the M5.

If you insist on just looking at the M1, you might think about using "dynamic" MAs to simulate a higher time frame on your M1 chart.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,678
  • Oct 21, 2021 10:18pm Oct 21, 2021 10:18pm
Quoting trezo
{quote} I noticed that I can move stoploss under climatic/higher volume than normal. And I did like that, but I am testing it. I will try one more time with this ATR stoploss, but I downloaded maybe 4 indi? and all were bad
now i have a question .....

If you want to try everything on your own why ask the input from seasoned traders like myself.. who have made all the mistakes under the sun and can pass that wisdom on to you .. thats if you want to listen ? Its better you try all the thing we tried many years ago and make all the same mistakes we did. Making mistakes is a good learning approach
Blogging daily now at www.volume.zone
  • #34,679
  • Oct 21, 2021 10:20pm Oct 21, 2021 10:20pm
Quoting HiddenGap
{quote} While it is a core concept in VSA that professional money (Smart Money) oporates on all timeframes, as a retail trader using VSA, recent tradeguider videos not withstanding, it almost certainly behooves you to trade HIGHER TIME FRAMES. I could be, and I hope i am, wrong but it feels like you want to trade the M1 for the "action". That is a bad. reason to trade anytime frame. You must learn to have patience. I recentlyl showed an example of a trade taken off ther M1 time frame. The analysis was done off a a M15 and H1 chart first. I am on...
an excellent post as always.
Blogging daily now at www.volume.zone
  • #34,680
  • Oct 21, 2021 10:31pm Oct 21, 2021 10:31pm
Quoting ntk
{quote} Something is wrong with that document? ... and I thought you use better volume, but no you use hidden gao volume, why the name hidden gap volume where is gap in volume or volume in hidden gap???? what is easier to see on hidden gp volume you can not in better volume??? If you agree with the text excerpt about climax up and climax down and the position you see in the picture (volume under the bars chart, then the summary about the position where you expect seeing climax up (RED) /down (WHITE) to appear is wrong {image} {image} {image} {image}...

I wanted to come back to this.

price action and trend is not driven by one bar . Many traders think that high volume on one bar can be a market changer.

Think of a chart like a story. Each chart tells us something , each session and each day is a new chapter, with new drama. If we can understand various concepts like vsa, wyckoff , market sentiment , trend we can piece the puzzles together

If smart money want to enter the markets with a few billion they will do it gradually. Not gold charts ..... they are being bought every Asian session this week. What does this tell us ? it tells us that Asia is nervous and buying gold is a way of protecting risk. We can use this to our advantage by waking crack of dawn here in the Middle East and looking for buys on gold

Remember always a chart is a story
Blogging daily now at www.volume.zone
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