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vsa with Malcolm

  • #34,721
  • Oct 23, 2021 2:08pm Oct 23, 2021 2:08pm
What I said with exception of the comment about overbought and oversold which terms do not actually exist .. they are a fallacy

I cannot put it any clearer than the attached GBPJPY 30 minute .. clearly marked up

It is going up
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  • #34,722
  • Oct 23, 2021 2:12pm Oct 23, 2021 2:12pm
USDCHF 30

SOS 6 is progress
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  • #34,723
  • Oct 23, 2021 2:16pm Oct 23, 2021 2:16pm
AUDJPY 30

Same conversation as GBPJPY

Stopping volume on close below lower Bollinger Band then testing then another test on low range (spread) and reduced volume

It is going up
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  • #34,724
  • Oct 23, 2021 9:29pm Oct 23, 2021 9:29pm
Quoting trezo
{quote} I entry because there was NS after a demand in a few bars. I took position above NS as I said. {image}
mate .. i am going to say this one more time ....

stop trading a 1 min chart its screwing your mind. sentiment will not change on a 1 min time frame.. and that was not a no supply . no supply is a down bar.

I have run out of patience trying to help you .... you do not want to listen to those more experienced . its like you are at school and telling the math teacher about trigonometry when you know nothing about it....
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  • #34,725
  • Oct 23, 2021 9:33pm Oct 23, 2021 9:33pm
Quoting trezo
{quote} I can't predict what will be on next bar... So now you see there SOW but, when I was taking position - not.
yes there was .... you just do not see it .. background was very weak since open but you could not see that on the 1 min chart

as I said lost patience ... you are on your own . make your own mistakes it seems it iis the way you learn

TRADE A HIGHER TIME FRAME you will get better results. Stop wasting your time on a 1 min . Ton Williams traded lowest 3/7/9 min time frames. Try that . and if you say "so what" he was a syndicate trader and multi millionaire ... are you ?
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  • #34,726
  • Oct 23, 2021 9:37pm Oct 23, 2021 9:37pm
Quoting SyntaxError
What I said with exception of the comment about overbought and oversold which terms do not actually exist .. they are a fallacy I cannot put it any clearer than the attached GBPJPY 30 minute .. clearly marked up It is going up {image}
not 100 percent clear yet... I like to see sos on a lower high....

The market has just gone sideways after the stopping volume you marked . Could mean reversal as you said but could find further sow after reaction to stopping volume

the daily is quiet interesting. On the way up there was some clear no demands. IF we get below those the weakness will play out. IF we see test on daily now the up trend will continue.

I have not traded gbpjpy in years... might have to add it back in the mix as charts these days on a 30 seem interesting to trade
Blogging daily now at www.volume.zone
  • #34,727
  • Oct 23, 2021 9:45pm Oct 23, 2021 9:45pm
Quoting SyntaxError
What I said with exception of the comment about overbought and oversold which terms do not actually exist .. they are a fallacy I cannot put it any clearer than the attached GBPJPY 30 minute .. clearly marked up It is going up {image}
100 percent agree on overbought and oversold, This is why things like rsi are 50 / 50 results at best .

The 30. The bar marked is clear supply. A little patience required. If we get above the high of the wrb might make a nice trade
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  • #34,728
  • Oct 23, 2021 9:47pm Oct 23, 2021 9:47pm
Quoting SyntaxError
AUDJPY 30 Same conversation as GBPJPY Stopping volume on close below lower Bollinger Band then testing then another test on low range (spread) and reduced volume It is going up {image}
same set up as gbpjpy... mark high and low of the wrb
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  • #34,729
  • Oct 23, 2021 9:51pm Oct 23, 2021 9:51pm
this is how crazy es was friday .. look at where 2 x atr stops are 250 points above price lol.....Igo down to a 10 min chart intraday once i see sm intent off a 30. Even the stops on this time frame were 120 points. Madness
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  • #34,730
  • Oct 23, 2021 10:37pm Oct 23, 2021 10:37pm
even though it's hindsight but truth is, if i would have noticed that chart on friday, that was a clean trade with supply and open ranges being rejected with trend alignment on MTF.
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  • #34,731
  • Oct 24, 2021 8:52am Oct 24, 2021 8:52am
Quoting malcolmb14
{quote} mate .. i am going to say this one more time .... stop trading a 1 min chart its screwing your mind. sentiment will not change on a 1 min time frame.. and that was not a no supply . no supply is a down bar. I have run out of patience trying to help you .... you do not want to listen to those more experienced . its like you are at school and telling the math teacher about trigonometry when you know nothing about it....
After all, I marked it for you on the chart - it is down bar. Why you are talking - not.

I will try trading other timeframes mate, keep calm.

But I think I don't understand how i should analyse background, sometimes there are a lot of conflicting signals.
Daytrader
  • #34,732
  • Oct 24, 2021 9:12am Oct 24, 2021 9:12am
I have respect to you Malcolm, but everything you are posting about my positions is hypocrite. I can't entry long on upbar, so why Tom Williams desribe in his book that for No Supply we are taking entry on break high of this candle so upbar. I can't timeframe what I want, because higher timeframe is medicine for everything. You think I'm dumb or what? I understand everything that you are writing ,but I don't know you are talking one time about this and another time about something fucking diffrent...
Daytrader
  • #34,733
  • Oct 24, 2021 11:45am Oct 24, 2021 11:45am
Quoting trezo
I have respect to you Malcolm, but everything you are posting about my positions is hypocrite. I can't entry long on upbar, so why Tom Williams desribe in his book that for No Supply we are taking entry on break high of this candle so upbar. .
Slow your roll. You have access to one of the most successful Volume Spread Analysis (VSA) traders on the planet. He's giving you the key to the kingdom. Be grateful and show the respect he is due.

You are absolutely correct that there is a dichotomy between how VSA is taught and how it is actually traded.

The Ideal Test bar is a narrow range DOWN bar on volume less than the previous two bars. Which is also appearing in an uptrend. But here's the rub. You have to wait for confirmation. Confirmation that the Test was successful means the next bar is UP. Accordingly, you are entering long on an UP bar and not on a DOWN bar as VSA states.

If you don't wait for confirmation and enter when the high of the Test bar is breached, you still hope that the bar ends closing. UP.

The opposite is true for Ideal No Demands: They close UP, but confirmation means the next bar is DOWN. Thus you are entering short on a DOWN bar and not on an UP bar as the VSA teachings opine.

Then there are some entry signals that don't need confirmation but would have you going short on a DOWN bar and Long on an UP bar. A Trap Up Move is an example of the former and a Spring could be an example of the latter.

take a look at this chart.

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1. is a Test. The next bar is UP meaning the test is successful.

2. But this next bar is an UP bar on increasing volume closing in the middle of its range. This is Supply.

3. This bar confirms the weakness. Since it is touching HB, you could enter on this bar. Note: YOU ARE ENTERING ON A DOWN BAR AFTER SEEING WEAKNESS ON THE PRECEEDING UP BAR.

4. This is No Result from a Test. The Test was successful (with the next bar UP) but 1-5 bars later you see a widespread DOWN bar that closes lower than the low of the Test. This bar also closes outside of the HVZ and is the type of entry TradeGuider is showing in all the new videos. But the main point here is you are entering after this bar closes and it closes DOWN.

The proper way to speak about VSA is to say "only go short on UP bars and long on DOWN bars". But the reality is that most of the time you are going short on DOWN bars (the confirmation bar) and Long on UP bars (the confirmation bar).

Tom Williams, the inventor of VSA, may have been more willing to enter on the sign and not wait for confirmation, but most of us aren't him, so we should wait. But that does not mean we are contradicting ourselves or being hypocrites.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,734
  • Oct 24, 2021 12:41pm Oct 24, 2021 12:41pm
Quoting trezo
{quote} After all, I marked it for you on the chart - it is down bar. Why you are talking - not. I will try trading other timeframes mate, keep calm. But I think I don't understand how i should analyse background, sometimes there are a lot of conflicting signals.
what about the weakness present on the 1 min prior to taking your buy ? there were three sow .... and only one sos... your ns .

I know i like an old broken record going around and around playing the same tune , but if you were trading a higher time frame like 5 , 10 or even 5 , you would have seen the weakness clearly
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  • #34,735
  • Oct 24, 2021 12:48pm Oct 24, 2021 12:48pm
Quoting trezo
{quote} After all, I marked it for you on the chart - it is down bar. Why you are talking - not. I will try trading other timeframes mate, keep calm. But I think I don't understand how i should analyse background, sometimes there are a lot of conflicting signals.
humour me .... try trading a 5 min in the coming week ... see how your results are. If improved then you have cracked it. ...

Nasdaq sells were clear i will post the message i sent to my trading partner on whatsapp if i am able in which I told him nq was a sell right at 4 and 5 below
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  • #34,736
  • Oct 24, 2021 3:49pm Oct 24, 2021 3:49pm
Quoting malcolmb14
{quote} what about the weakness present on the 1 min prior to taking your buy ? there were three sow .... and only one sos... your ns . I know i like an old broken record going around and around playing the same tune , but if you were trading a higher time frame like 5 , 10 or even 5 , you would have seen the weakness clearly {image}
Maybe I will try with higher timeframes but maybe ,but I think I just should have to learn more and I will understand chart.
Daytrader
  • #34,737
  • Oct 24, 2021 10:33pm Oct 24, 2021 10:33pm
gbpusd spoke about this one last week.

friday narrow spread uhv bar = buyers

look for break out of fridays highs for trade to upside
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  • #34,738
  • Edited Oct 25, 2021 1:17am Oct 24, 2021 11:17pm | Edited Oct 25, 2021 1:17am
Quoting malcolmb14
gbpusd spoke about this one last week. friday narrow spread uhv bar = buyers look for break out of fridays highs for trade to upside {image}
I took it for following reasons though it's before LO.

my view about bar 4 is that with immediate strength in background and multiple SOS, and market pushing higher, upbar closing on its high with low volume is potential lack of sellers. if that upbar would have closed in middle, i would not have considered to take the trade.

if i can recall it correctly, such bars closing on their extreme with lower volume were regarded as Ease of Movement by Pres78.
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EDIT: a failed test just before pre-london session. SL tightened, already.

breakeven.
  • #34,739
  • Oct 24, 2021 11:32pm Oct 24, 2021 11:32pm
Hello everyone, I am a novice, where can I get the VSA indicator? Thanks!
  • #34,740
  • Oct 25, 2021 1:49am Oct 25, 2021 1:49am
Quoting attique08
{quote} I took it for following reasons though it's before LO. my view about bar 4 is that with immediate strength in background and multiple SOS, and market pushing higher, upbar closing on its high with low volume is potential lack of sellers. if that upbar would have closed in middle, i would not have considered to take the trade. if i can recall it correctly, such bars closing on their extreme with lower volume were regarded as Ease of Movement by Pres78. {image} EDIT: a failed test just before pre-london session. SL tightened, already. breakeven....
if you look at 1h TF and mark the HVZ from Friday we had rejection right on the highs. also happened to be the area that broke good support level and when we retest the place that broke support we might see a down move.
i was looking to sell there, but did not find enough confirmation. lets see what UK OR gives. it might give spring on asia lows and go up if the Friday was stopping vol..
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