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vsa with Malcolm

  • #34,681
  • Oct 21, 2021 10:48pm Oct 21, 2021 10:48pm
gbpusd ... so what is the story ?

Yesterday super messy ... trend was down but no selling pressure. This is gauged by studying PA and by seeing if there are valid sow in the down push like no demands or upthrust , which yesterday there were not.

So from this we can determine that yesterday was a potential test day . what does that mean ? if smart money want to take something higher they have to dry up all supply and make sure that supply is not present above them .

In order to do this they will take an asset down on low volume to see if the sellers appear . This will form a test .

GBPUSD daily yesterday was a narrow spread bar on lower volume than prior days. So in today's chapter i will be looking for UPTREND / break out of the London open range with a break out of yesterdays highs at 840 level and move towards 950 if this happens.
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  • #34,682
  • Oct 21, 2021 11:11pm Oct 21, 2021 11:11pm
Quoting malcolmb14
{quote} 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
i am sticking to M15, M30 and H1 as most of experienced VSAer's (not to mention Malc, HG, Anotan and others as well) i have been following almost 3 years use these timeframes. being on same page as benchmark has helped me a lot while reviewing my mistakes. HVZ approach and recent market sentiment around OR is what i have narrowed down to follow as i have learned over time that on our own, we add more and more variables while making mistakes looking for justifications and end up with bundle of variables without knowing significant impact of individual variable in our adopted approach.
  • #34,683
  • Oct 21, 2021 11:22pm Oct 21, 2021 11:22pm
Quoting attique08
first one trade on EG was closed at BE. let's see if this day would be a positive one.{image} EDIT: strong close on high. +1.5R took 1 and rest set BE.{image}
most of position has already been closed and TP removed.
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  • #34,684
  • Edited 1:51am Oct 22, 2021 1:41am | Edited 1:51am
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...
point in case .. could we have seen this trade building off a 1 min chart ? no

but we could see the sm intent off a 2 hour chart

a chart is a story .. sp is pa each session . remember yesterday I said gold has limited sell interest but due to valid set up i took the sell , luckily got out just over be, as no sellers came in even though the chart was weak.... so I assumed potential testing .

So i started flicking through different time frames and saw this chart ion the 2 hour . was clear as day
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  • #34,685
  • Edited 2:17am Oct 22, 2021 1:47am | Edited 2:17am
Quoting malcolmb14
{quote} 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...
the story does tell GOLD break out today; similarly GA,CJ beak out of the price channel, could we say in the last two the BO is supported by professionals traders, while with Gold I keeps see it testing for Low volume, then price went higher, but volume is under average so it shouts careful

out of gold long +150 pips ... demo only
out of CJ SL -18 pips
stay on GA short
  • #34,686
  • Oct 22, 2021 1:57am Oct 22, 2021 1:57am
EU BO retest confirmed II go long
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  • #34,687
  • Oct 22, 2021 1:58am Oct 22, 2021 1:58am
Quoting ntk
{quote} the story does tell GOLD break out today; similarly GA,CJ beak out of the price channel, could we say in the last two the BO is supported by professionals traders, while with Gold I keeps see it testing for Low volume, then price went higher, but volume is under average so it shouts careful
check background on gold last few days ..... remember vsa is all about background and then say be careful on buy

of course any trade you have to be careful with good mm

my stop is be already due to time of day..... I would like to see test after the bo to confirm the breakout is real
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  • #34,688
  • Oct 22, 2021 2:47am Oct 22, 2021 2:47am
a very dull session again in london . we have some inflation news in a bit might shake things up . euro pmi in 15 and uk pmi in 45
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  • #34,689
  • Oct 22, 2021 3:00am Oct 22, 2021 3:00am
GBPUSD is sell sow set up BUT due to the daily yesterday I am not keen to sell it unless I get tasty sow in a trend like a no demand or ut ... I have a buy stop above the or high just in case
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  • #34,690
  • Oct 22, 2021 3:01am Oct 22, 2021 3:01am
Quoting malcolmb14
a very dull session again in london . we have some inflation news in a bit might shake things up . euro pmi in 15 and uk pmi in 45
I try to register for news letter but got this from http://www.volume.zone/subscribe
Inserted Code
Whoops, looks like something went wrong.
(2/2) SesException
  • #34,691
  • Oct 22, 2021 3:05am Oct 22, 2021 3:05am
Quoting malcolmb14
GBPUSD is sell sow set up BUT due to the daily yesterday I am not keen to sell it unless I get tasty sow in a trend like a no demand or ut ... I have a buy stop above the or high just in case {image}

gbp currently weak and 60 min is also sell sow..... how ever I a, not getting that test in fallng market

if we spring now gbp could easily do 100 pip
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  • #34,692
  • Oct 22, 2021 3:10am Oct 22, 2021 3:10am
Quoting ntk
{quote} I try to register for news letter but got this from http://www.volume.zone/subscribe Whoops, looks like something went wrong. (2/2) SesException

thats was a very old project. i will change my signature. Its redundant now
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  • #34,693
  • Oct 22, 2021 3:20am Oct 22, 2021 3:20am
Quoting malcolmb14
GBPUSD is sell sow set up BUT due to the daily yesterday I am not keen to sell it unless I get tasty sow in a trend like a no demand or ut ... I have a buy stop above the or high just in case {image}
I would sell. the tuned down expectation, ...
News is out not too b
News is out not too bad number compared to forecast. How would you interpret? I have sold GBP,

Could you check is it true there are
1/gap in GOLD 1789 to 1790
2/ GJ gap 157.17 & 157.24

price could come back there to day before close?

CJ looks like double top and in M15 has got a gap left over from yesterday 92.18 to 92.28, itis rejected from sma200, so it look strong now, but sometime to day could revisit that area to ill. Could you pls check that gap?
  • #34,694
  • Oct 22, 2021 3:31am Oct 22, 2021 3:31am
Quoting malcolmb14
{quote} thats was a very old project. i will change my signature. Its redundant now
but the blog is still on no? found a few articles good for my study on GU, EU, Gold trading using volume and spread
  • #34,695
  • Oct 22, 2021 3:49am Oct 22, 2021 3:49am
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marked yhvb, also change in behaviour possibly, awaiting confirmation.

Sorry it's late at work and only just noticed

(Possible Pres78 2br on the cards)
  • #34,696
  • Oct 22, 2021 4:06am Oct 22, 2021 4:06am
Quoting ntk
{quote} I would sell. the tuned down expectation, ... News is out not too b News is out not too bad number compared to forecast. How would you interpret? I have sold GBP, Could you check is it true there are 1/gap in GOLD 1789 to 1790 2/ GJ gap 157.17 & 157.24 price could come back there to day before close? CJ looks like double top and in M15 has got a gap left over from yesterday 92.18 to 92.28, itis rejected from sma200, so it look strong now, but sometime to day could revisit that area to ill. Could you pls check that gap?
GJ had come back to the gap and closed them in M1 candles I gave back the 25 pips hard earned
someone wants to run up this market. I can not understand the reason how 152 up to +157 and still strong .. abnormal...

Gold too, has close the gap I mentioned, but gold could be back as far down as 1784, if it not regains 1792 1793 soon
  • #34,697
  • Oct 22, 2021 5:08am Oct 22, 2021 5:08am
Quoting ntk
{quote} GJ had come back to the gap and closed them in M1 candles I gave back the 25 pips hard earned someone wants to run up this market. I can not understand the reason how 152 up to +157 and still strong .. abnormal... Gold too, has close the gap I mentioned, but gold could be back as far down as 1784, if it not regains 1792 1793 soon
i did not see a gap.

gold was marked up . since then we saw some testing on 10 min. IF she pops in US then potential to blast thru recent highs into 1803 . It's gold so there is also potential to drop to 1771 for no apparent reason lol .... its the most manipulated asset out there other than btc
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  • #34,698
  • Oct 22, 2021 8:18am Oct 22, 2021 8:18am
Quoting malcolmb14
{quote} i did not see a gap. gold was marked up . since then we saw some testing on 10 min. IF she pops in US then potential to blast thru recent highs into 1803 . It's gold so there is also potential to drop to 1771 for no apparent reason lol .... its the most manipulated asset out there other than btc

beat expectations on target .. was a nice trades

I am done for the week . Have a great weekend guys. Have good us trading session
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  • #34,699
  • Oct 22, 2021 8:24am Oct 22, 2021 8:24am
gbpusd .. any one trying to trade this today and yesterday and losing shed loads .. its gone into some form of testing . we need pateince .. nice break out of range and some no supplies / uhv test for up moves or no demands / ut for downward break

not much to move it in us session .... might move next week

of note .. this is extremely risky trading conditions when gbpusd goes like this. Do not feel inadequate when you see people saying they are making 100s of pips scalping a 30 tick chart up and down ... after all on facebook everyone is also a millionaire it appear even if they live in a sleeping bag on the street lol

Be patient and wait for good trading conditions .. when things are easy like gold was today. You will tell when they are easy as we will get nice trends on a 30 min with proper testing on a 10 / 15 or 30
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  • #34,700
  • Oct 22, 2021 8:34am Oct 22, 2021 8:34am
this chart goes to show that supply will be there in all moves .. do get to confused and try to start selling off one bar

in this chart 30 /15 was trending up all london ..... just prior to us futures market open .... 330 pm UAE time.... we saw uhv testing and spring . This trade was based on a 2 hour chart and was entered early in the day with a trailing stop on 30
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