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vsa with Malcolm

  • #34,781
  • Oct 26, 2021 9:44am Oct 26, 2021 9:44am
My day on NQ.

Also I was looking at M2,M3,M5

I am on little plus, nothing special.
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Daytrader
  • #34,782
  • Oct 26, 2021 9:49am Oct 26, 2021 9:49am
Quoting Paulscaff1
{quote} "Master the Markets", and "Trading in the Shadows of Smart Money" will answer all those questions and more mate, not to mention the thousands of posts in this thread and explanations from some of the experts, either that or else everyone will end up repeating themselves. For example asking to confirm the explanation of a "no demand" shows that you havent been through the thread, as like Attique says, Hidden Gap has broken it down hundreds of times.
Sorry to say but I do not agree, I have been looking at the thread and everyone has their own definition, for example of no demand, is more I have even seen people use no demand regardless of spread just because of the volume.

But is very simple if they want to reply they will do so if not Im ok with it
  • #34,783
  • Oct 26, 2021 10:00am Oct 26, 2021 10:00am
Quoting Frag8383
{quote} Sorry to say but I do not agree, I have been looking at the thread and everyone has their own definition, for example of no demand, is more I have even seen people use no demand regardless of spread just because of the volume. But is very simple if they want to reply they will do so if not Im ok with it
Ok so your saying you wont appreciate a reply for example from HiddenGap because you have already been through all his stuff and that he would be wasting his time.

And your saying that what.... MTM and Shadows is wrong?

MTM will give you it straight from the horses mouth, maybe some users jnterpret things differently or in their own way



Next Month from someone else......"what is a no demand??"

"Can I use Volume Spread Analysis to make Nutella Sandwiches?"
  • #34,784
  • Oct 26, 2021 10:05am Oct 26, 2021 10:05am
Quoting Paulscaff1
{quote} Ok so your saying you wont appreciate a reply for example from HiddenGap because you have already been through all his stuff and that he would be wasting his time. And your saying that what.... MTM and Shadows is wrong? MTM will give you it straight from the horses mouth, maybe some users jnterpret things differently or in their own way Next Month from someone else......"what is a no demand??"
Completely the opposite,

I want to know precisely how HG or Malcom define each bar, and how they think on each bar

Im asking precisely for the reason that everywhere I go I find different definitions or ways to apply it. for instance with the place of the closes and so on.

So I do not get were you coming from when you say that I dont care what HG and others say specially when I posted asking them and asking people to let the pros talk and to me the pros here are HG, Malcom, Anotan and few others.
  • #34,785
  • Oct 26, 2021 10:12am Oct 26, 2021 10:12am
Quoting Frag8383
{quote} Completely the opposite, I want to know precisely how HG or Malcom define each bar, and how they think on each bar Im asking precisely for the reason that everywhere I go I find different definitions or ways to apply it. for instance with the place of the closes and so on. So I do not get were you coming from when you say that I dont care what HG and others say specially when I posted asking them and asking people to let the pros talk and to me the pros here are HG, Malcom, Anotan and few others.
Ok no probs.... but if the reply has been mentioned before, then I will be reminding you......just saying.

But to be fair though, im also curious to know if we do learn something new, in which case I will apologise.
  • #34,786
  • Oct 26, 2021 10:15am Oct 26, 2021 10:15am
Quoting HiddenGap
I wrote this post earlier, but something happened and it got lost. I've calmed down now, and will try again. It's great to see all the energy in this thread at the moment. There are a lot of great posts from a lot of different points of view. All are welcome. Something can be learned from them all. There's a lot I want to respond to but I wanted to start out with this trade from Friday. I took 3 trades and had 2 winners and 1 loser. The second winner was for 8 pips. And the loser was for 8 pips so that was a wash. The first winner was for 30 pips....
i just quoted a post for you to let you know the definitions and impact of narrow spread bars with high and low volume and importance of these bars combined with immediate background. i just clicked on his profile. checked his a few replies and found it not way back. and it's just ONE post. there is reason why i suggested HG's name.
  • #34,787
  • Oct 26, 2021 10:44am Oct 26, 2021 10:44am
Quoting Frag8383
{quote} I want to know precisely how HG or Malcom define each bar....
I have a rhetorical question for you.

Let's say that you have been stalking a bullish setup for hours, the background has met every requirement in your trading plan and all you need is an entry bar. A down bar with very low volume comes in.. but the spread is 1 pip wider than the previous bar. Are you going to skip the trade just because the range is a little wider than you'd like?

Markets aren't perfect..
  • #34,788
  • Oct 26, 2021 10:46am Oct 26, 2021 10:46am
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}
I guess I owe this trade to Syntax, he called it.
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  • #34,789
  • Oct 26, 2021 11:11am Oct 26, 2021 11:11am
Quoting Anotan
{quote} I guess I owe this trade to Syntax, he called it. {image}
You are the best mate Wanna be like you
Daytrader
  • #34,790
  • Oct 26, 2021 11:12am Oct 26, 2021 11:12am
Quoting Anotan
{quote} I have a rhetorical question for you. Let's say that you have been stalking a bullish setup for hours, the background has met every requirement in your trading plan and all you need is an entry bar. A down bar with very low volume comes in.. but the spread is 1 pip wider than the previous bar. Are you going to skip the trade just because the range is a little wider than you'd like? Markets aren't perfect..
I understand your point, and what is important is the context.

But for me and that is why Im asking that is one of the problems of trading the psychological aspect, first is 1 pip then is 5 and then is does not matter 5 10 or 20 lets go in because it looks nice and then i get fu........

That mis why I prefer to miss that trade but have clear rules to always follow.

Is just me many people are different, I personally prefer clear rules and follow them

Thanks
Kind regards
  • #34,791
  • Oct 26, 2021 11:12am Oct 26, 2021 11:12am
Quoting Frag8383
{quote} Completely the opposite, I want to know precisely how HG or Malcom define each bar, and how they think on each bar Im asking precisely for the reason that everywhere I go I find different definitions or ways to apply it. for instance with the place of the closes and so on. So I do not get were you coming from when you say that I dont care what HG and others say specially when I posted asking them and asking people to let the pros talk and to me the pros here are HG, Malcom, Anotan and few others.
I for one appreciate and applaud your effort which by your post did require effort. Malcom and others on this thread absolutely demonstrate exquisite knowledge and wisdom not only in their analysis but also their execution. When they post I listen and I study them.

Having said that even these individuals have nuances that at times may confuse the VSA newby or even those using VSA but have perhaps adopted some inerrancy. In addition those visiting this thread for the first time or those having visited casually and now finding it useful will seek answers and explanations to variations amongst the elite in this thread. I don't think such queries should be stifled but rather encouraged and I for one support this.

Certainly one should make an effort to review this thread if one is serious about VSA. It would not be a waste of time. But even if one does this it will not squelch questions. In fact it will raise more questions. So carry on. Ask questions. I appreciate your summary.
  • #34,792
  • Oct 26, 2021 12:08pm Oct 26, 2021 12:08pm
Quoting Winston Reed
{quote} I for one appreciate and applaud your effort which by your post did require effort. Malcom and others on this thread absolutely demonstrate exquisite knowledge and wisdom not only in their analysis but also their execution. When they post I listen and I study them. Having said that even these individuals have nuances that at times may confuse the VSA newby or even those using VSA but have perhaps adopted some inerrancy. In addition those visiting this thread for the first time or those having visited casually and now finding it useful will...
Just to say I probably sounded a bit harsh in my post earlier, so Frag...I do apologise mate.
  • #34,793
  • Oct 26, 2021 12:14pm Oct 26, 2021 12:14pm
Quoting Paulscaff1
{quote} Just to say I probably sounded a bit harsh in my post earlier, so Frag...I do apologise mate.
No worries all good
  • #34,794
  • Oct 26, 2021 12:27pm Oct 26, 2021 12:27pm
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Sos6 again????
  • #34,795
  • Edited 2:06pm Oct 26, 2021 1:53pm | Edited 2:06pm
Quoting attique08
{quote} there are more SOS. i'll scale in if sustained buying is observed. {image}
it didn't confirm so didn't scale in. i had 1R (realized) out of this trade earlier so gave back almost 0.7R (unrealized) and stopped out at BE.

US30
i didn't wait for confirmation here and took position only quarter of my predefined risk as overall trend is strong bullish in background. so, this trade is only based on immedaite background where there is trend alignment (immediate) market close across the OR and coming back into OR but with lack of participation so a potential rejection is expected.

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EDIT:
same bar just closed on high rendering the bar 3 as ND UT. stopped out.
reminder: importance of confirmation.
  • #34,796
  • Oct 26, 2021 2:00pm Oct 26, 2021 2:00pm
These H H H H on chart are a trailing stop loss yes? Which indicator is it?

Quoting attique08
{quote} it didn't confirm so didn't scale in. i had 1R (realized) out of this trade earlier so gave back almost 0.7R (unrealized) and stopped out at BE. US30 i didn't wait for confirmation here and took position only quarter of my predefined risk as overall trend is strong bullish in background. so, this trade is only based on immedaite background where there is trend alignment (immediate) market close across the OR and coming back into OR but with lack of participation so a potential rejection is expected. {image} EDIT: same bar just closed on...
How this HMA helps you? For me it's odd. How for you?
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Daytrader
  • #34,797
  • Oct 26, 2021 2:59pm Oct 26, 2021 2:59pm
Guys IF tests or other signals need like 2 bars confirmation , I should get entry in cosmos or what? In these 2 bars market can make quite a big move... How do you entry the market?
Daytrader
  • #34,798
  • Oct 26, 2021 3:07pm Oct 26, 2021 3:07pm
Bandler

IMO you are not looking at enough bars to see the bigger picture .. step back and slow it down

A good SOS6 will reveal itself within 20 or so bars and it is obvious such as attached EURGBP 30

Again your first clue tends to be a combination of

Shake Out
Stopping Volume
Climactic Action

EURGBP 30 had all 3 and close below BB

Then you wait ... you have you stop below the last High Volume Dn bar

Take first position and wait

Then when the SOS 6 reveals itself with more stopping action go in again (say 2nd half of your position)

Leave your stop where it is and watch it unfold

Still in the trade

HTH
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  • #34,799
  • Oct 26, 2021 9:01pm Oct 26, 2021 9:01pm
Quoting trezo
Guys IF tests or other signals need like 2 bars confirmation , I should get entry in cosmos or what? In these 2 bars market can make quite a big move... How do you entry the market?
While a few VSA traders will wait to see if the second bar after a test is UP (assuming the previous bar is DOWN), most. VSA traders consider a test confirmed or unconfirmed based solely on the first (i.e. next) bar. Accordingly, there is only 1 bar for confirmation (the one right after the test). Yes, the test and the confirmation bar are 2 bars, but one bar is the result of the other.

If you study enough charts, you might observe that many. many times the confirmation bar is very shallow (it does not move too far away from the test). This allows you to enter the market and place a stop just below the Test interval at minimal risk. It's like the Smart Money is giving those that can read a chart one last chance to get in before the break.

There are times, however, when the confirmation bar will break away from the test. You have a few options here:

1. if the risk is within your risk parameters, take the trade anyway.
2. wait for another Test/confirmation setup to occur. This may take a while, but the Market is always testing, so another opportunity should present itself.
3. move on to another Market.
4. (this should be done regardless of which of the above is done) Recognize that you will not catch every move the Market makes. You have to be okay with the fact that you will miss trades. In this case, take solace in the fact that your read of the Market was correct, and believe that your ability to read the Market will serve you well.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,800
  • Edited Oct 27, 2021 12:03am Oct 26, 2021 10:06pm | Edited Oct 27, 2021 12:03am
Quoting trezo
These H H H H on chart are a trailing stop loss yes? Which indicator is it? {quote} How this HMA helps you? For me it's odd. How for you? {image}
if you ask me about comparison which one is better, i have no statistics to compare here. in my opinion it doesn't make much difference having said that I'll share a few next trade including SMA. logic is straightforward, be it HMA or SMA or whatever we follow, these MA's should be aligned on MTF (M15, M30, H1 or at least M15, M30) as per trade plan (criteria to take trade have been summarized alongwith trades) i follow.

what i have changed over time is following:

  1. selection of instruments
  2. my approach to read the background
  3. on which timeframes i should look at

so that i could grab enough opportunities in a week.

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