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vsa with Malcolm

  • #34,841
  • Edited 5:37pm Oct 29, 2021 12:43pm | Edited 5:37pm
Quoting Winston Reed
{quote} I hesitate to label yours’ and others comments as libel but I do think you are unnecessarily perpetuating an undeserved reputation upon Gavin and ultimately Tradeguider. I for one am nothing but thankful for Tom and Gavin and others who make their material readily available. It would be hypocritical of me to bad mouth his salesmanship of an adjunct to the method. Hopefully enough said but I’ll give you the last word.
Like I said mate, the intention isnt to "bad mouth" anyone, I appreciate all of Toms, Gavin and everyones work. And I also think the software is class so no issues there. I might have the odd joke everynow and again and point out ironic observations (that will be the Scottish dickhead in me) but dont mean any harm

I would also say that Gavin from what I see is a good trader, businessman and salesman and appreciate that someone is carrying on Toms work and making it more accessible.

I had a look back through mine and others comments after I shit myself when you said "libel" , fortunately I couldnt find anything that bad and was merely some observations and facts....and yeah the odd joke from me to be fair. So seems all good there...hopefully.
  • #34,842
  • Oct 30, 2021 10:17pm Oct 30, 2021 10:17pm
Quoting Paulscaff1
{quote} Like I said mate..
You don't have to explain yourself, you didn't say anything malicious.
  • #34,843
  • Oct 31, 2021 6:40am Oct 31, 2021 6:40am
Quoting Winston Reed
{quote} I hesitate to label yours’ and others comments as libel but I do think you are unnecessarily perpetuating an undeserved reputation upon Gavin and ultimately Tradeguider. I for one am nothing but thankful for Tom and Gavin and others who make their material readily available. It would be hypocritical of me to bad mouth his salesmanship of an adjunct to the method. Hopefully enough said but I’ll give you the last word.
Aren't you taking a harmless banter too far? The tone you use is confrontational while Paulscaff1's tone is light, jocular, humorous. Can't you get it that he meant no harm?
Fred
  • #34,844
  • Oct 31, 2021 3:55pm Oct 31, 2021 3:55pm
Quoting Chronus
{quote} Aren't you taking a harmless banter too far? The tone you use is confrontational while Paulscaff1's tone is light, jocular, humorous. Can't you get it that he meant no harm?

Yes it is banter but harmless...I'm not sure. My original post relating to the topic is here Post #34,834. Please read it carefully for context and how the conversation evolved. My only point, and was one only of curiosity, was to shed light on those who readily engage in mocking the sales pitch of a proven product yet almost religiously follow the foundations of theory that led to the product. Paulscaff chose to engage and so we did. Nothing went "too far" or was "confrontational". I don't think Paulscaff needs anyone sticking up for him.

I still remain curious. What is so bad about selling a program that assists one to trade a freely given strategy. Whether it is necessary or not is up to the individual considering to purchase and use the program which apparently works. Many have purchased it and use it to trade. Those who use the freely given strategy given along with a purchasable program to assist with trading the strategy are mean spirited and somewhat hypocritical when they mock the sales attempts. Sure one does not need the program but that is an individual choice. Some have bought it and use it to their benefit. Sounds like a win-win.
  • #34,845
  • Oct 31, 2021 4:50pm Oct 31, 2021 4:50pm
Quoting Winston Reed
{quote} Yes it is banter but harmless...I'm not sure. My original post relating to the topic is here Post #34,834. Please read it carefully for context and how the conversation evolved. My only point, and was one only of curiosity, was to shed light on those who readily engage in mocking the sales pitch of a proven product yet almost religiously follow the foundations of theory that led to the product. Paulscaff chose to engage and so we did. Nothing went "too far" or was...

Its cool mate, I will drop the banter down a peg or two and we can all get back to VSA tranquility
  • #34,846
  • Oct 31, 2021 5:04pm Oct 31, 2021 5:04pm
Quoting Paulscaff1
{quote} Its cool mate, I will drop the banter down a peg or two and we can all get back to VSA tranquility

No worries. I'm not picking on you or anyone really. You're just the one who chose to engage in a conversation which is what I viewed it as. Nothing more and nothing less. Back to VSA bliss!
  • #34,847
  • Nov 1, 2021 12:12am Nov 1, 2021 12:12am
I didn't trade Friday, but looking back there was a very nice setup on EJ.

Look at that increase in volume on that hidden up thrust compared to the previous bar, even for Asia volume that was a huge increase. You just know that the big money became active on that bar, like they flipped on the switch. I labeled a bar ND, its not really ND its more of a ND UT I guess maybe a reverse test? Either way you get the idea that no one is interested in buying the weakness on the hidden up thrust.

Just going through my charts today, I haven't seen anything yet that really catches my eye. I was watching UJ for a bit, there was a 2 bar reversal but price found support off Friday's high volume and drifting up. I still think someone sold during Asia but best not to fight it since price found support. Honestly, the hardest part of trading is knowing when not to trade.
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  • #34,848
  • Nov 1, 2021 2:13pm Nov 1, 2021 2:13pm
Quoting Anotan
I didn't trade Friday, but looking back there was a very nice setup on EJ. Look at that increase in volume on that hidden up thrust compared to the previous bar, even for Asia volume that was a huge increase. You just know that the big money became active on that bar, like they flipped on the switch. I labeled a bar ND, its not really ND its more of a ND UT I guess maybe a reverse test? Either way you get the idea that no one is interested in buying the weakness on the hidden up thrust. Just going through my charts today, I haven't seen anything...
If you were looking at this chart EURJPY then, where would you took entry?
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  • #34,849
  • Nov 1, 2021 8:40pm Nov 1, 2021 8:40pm
Quoting trezo
{quote} If you were looking at this chart EURJPY then, where would you took entry?
I would start building my position when price breaks the low of the H1 NS UT. After that I would drop down to a lower time frame and continue to build my position as price breaks down and through strength.
  • #34,850
  • Nov 2, 2021 6:15am Nov 2, 2021 6:15am
@Malcolm and other VSA experts, Iam still learning, I trade very little lot in Gold, and intend to leave long termed, would this scenario make any sense
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  • #34,851
  • Nov 2, 2021 10:54am Nov 2, 2021 10:54am
Took a trade in Apple this AM.

There was weakness on the way up, w/ potential distribution around 9:30am CST.

One takeaway is that when I saw the Ultra High Volume enter the equation, I should've tightened my stop to the nearest support level instead of closing out the trade. Would've gotten a few more bucks out of it.

(DB = Distribution Bar FYI)
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  • #34,852
  • Nov 2, 2021 3:49pm Nov 2, 2021 3:49pm
NTK

Lose the colours please and you might get a response

I think most people on this thread are male and being male have a high disposition to red and green colour blindness

Thats all they see a blur
  • #34,853
  • Nov 2, 2021 8:26pm Nov 2, 2021 8:26pm
Quoting ntk
@Malcolm and other VSA experts, Iam still learning, I trade very little lot in Gold, and intend to leave long termed, would this scenario make any sense {image}
Quoting SyntaxError
NTK Lose the colours please and you might get a response I think most people on this thread are male and being male have a high disposition to red and green colour blindness Thats all they see a blur
I've never heard that before. Well, that's not an issue in my case. What I was going to point out is that there is no volume on the chart.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #34,854
  • Nov 2, 2021 9:15pm Nov 2, 2021 9:15pm
Quoting SyntaxError
NTK Lose the colours please and you might get a response I think most people on this thread are male and being male have a high disposition to red and green colour blindness Thats all they see a blur
Haven got your message earlier, Thank to Hidden Gap for the hint.

Sorry about this inconvenience to you SyntaxError. I am R/G color blind myself, and had already problem with many charts on youtube, video teaching materials. I have not much choice with color on MT4 I could work only with 2 first color schemes, black on white scheme puts straints on my eye so abnormally, I cant last 5 minutes. One third up to half of the colors on the MT4 color panel are no use for me, because I can not see them or separate them. color strong contrast is not because I like colorful chart.

I will try where no color requires for understanding, to reduce much as possible ...
  • #34,855
  • Nov 3, 2021 12:24am Nov 3, 2021 12:24am
Couple of people have quizzed me about SOS 6

Pristine recent example attached

Its got what I call the trinity leading in to the Principle of SOS 6

Stopping Volume + Shake Out + Climactic Action

When you see the three individual SOS happening over a couple of bars .. wait for the testing .. it usually comes within 10 or so bars

When these two steps occur it is going up

You can live off SOS 6 in 30 and 60 minute and they occur 3 to 4 times every 24 hours
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  • #34,856
  • Nov 3, 2021 12:30am Nov 3, 2021 12:30am
For those that missed it ...
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  • #34,857
  • Edited 8:05am Nov 3, 2021 7:47am | Edited 8:05am
Quoting ntk
@Malcolm and other VSA experts, Iam still learning, I trade very little lot in Gold, and intend to leave long termed, would this scenario make any sense {image}
smll buy 1774,
set order buy 1772
  • #34,858
  • Nov 4, 2021 10:39am Nov 4, 2021 10:39am
Kinda a slow week, yesterday for me, wasn't worth trading volume was very lack luster. Tuesday I talked myself out of a long on UC which would've been a profitable trade.

Today was good for another UC long. Honestly these trades are really straight forward. When you see big exaggerated spreads, like yesterday on the highs for UC it looks like massive weakness, right? If the current day is trading above the previous day's close, bet on price running those highs, if today would've stayed below yesterday's close then shorts would've been in play.

UC saw support on the HVC during Asia and then there was test during LO which would've been a good entry.. which at the time I was watching EC/EJ drop. I finally did enter on a test in a rising market. Notice the test is an inside bar.



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Here's Monday on an EC long.

During Asia there was a shakeout on nice spread but wimpy volume, I originally ignored the shakeout because of the volume. I'm just pointing out the No Selling Pressure, still when the NSP printed IMO the pair wasn't worth trading. What caught my attention was the up thrust, it was in the right place on increasing volume and it appeared to be sucking in bulls. But EC didn't have any weakness behind the up thrust basically the plan was to wait for price to fall and sell a low volume pull back. The Up thrust failed spectacularly with the next bar a gotcha bar. The gotcha bar is a widespread bar that sucks in traders who got in too early, which in this case would've been those who shorted the up thrust. The only problem with the gotcha bar is it stopped short of the previous day's high volume close. Basically you had to wait for price to pull back or push through the HVC. Which price did pull back and tested out the sellers.

Errrr. The NSP should be the bar after the one that is marked. I notated the chart too quickly.

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  • #34,859
  • Nov 4, 2021 10:45am Nov 4, 2021 10:45am
Entered a trade on CAT based on VSA + Wyckoff. There's so much chop near my entry that a part of me think it would've been smarter to wait, however, the test on the daily made me feel like any moves lower could be a fakeout and to fade it to the upside. Open to feedback, especially #3 which I cannot put into my internal VSA storyline for the life of me:

 

  1. Buying Climax on the short term timeframe
  2. Potential Stopping Volume entering the picture
  3. ???? I have no idea how to read this bar.
  4. Price slowed down but volume increased. Subtle buying?

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  • #34,860
  • Nov 4, 2021 10:56am Nov 4, 2021 10:56am
Hello guys

I have a question to these more experienced.

How do you see that trading range?

I have to admit that I wanted to short it - Arrow 1. After this UP THRUST.

What do you think?
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