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vsa with Malcolm

  • #34,861
  • Nov 4, 2021 11:04am Nov 4, 2021 11:04am
Quoting trezo
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? {image}
I don't use Market Profile, but since you have it on your chart, you can see that price is returning to a high value node. It should be a 'wait and see' price level instead of a 'take a short when it hits this price area' price level.
  • #34,862
  • Nov 4, 2021 11:09am Nov 4, 2021 11:09am
Update on my Stock Market trade via the 10m:

1) No selling pressure
A) No selling pressure followed by an Effort vs Results bar
2) Buyers present on this bar
3) 'Feather' bar? (Low volume bullish upbar because all the supply dried up @ the lows)
4) This bar had me unsure about the move but I kept my stop as is since there is strength in the background. I feel like the mkts could go either way from here personally but it kept moving higher
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  • #34,863
  • Nov 4, 2021 11:11am Nov 4, 2021 11:11am
Quoting trezo
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? {image}
You should've been short around the area at 17:55. Shorting your trading range is risky.

That trading range isn't really interesting until that 18:50 bar, that is a huge increase in volume. I'd be watching how the market reacts to that.
  • #34,864
  • Nov 4, 2021 11:13am Nov 4, 2021 11:13am
Quoting Macallik
Update on my Stock Market trade via the 10m: 1) No selling pressure A) No selling pressure followed by an Effort vs Results bar 2) Buyers present on this bar 3) 'Feather' bar? (Low volume bullish upbar because all the supply dried up @ the lows) 4) This bar had me unsure about the move but I kept my stop as is since there is strength in the background. I feel like the mkts could go either way from here personally but it kept moving higher {image}
Daily chart on the 28th, there is a lot of strength of that bar. Good trade to ride once you reduce your risk.
  • #34,865
  • Nov 4, 2021 11:28am Nov 4, 2021 11:28am
Quoting Anotan
{quote} You should've been short around the area at 17:55. Shorting your trading range is risky. That trading range isn't really interesting until that 18:50 bar, that is a huge increase in volume. I'd be watching how the market reacts to that.
This was not the answer I expected ,because to this time that UT appeared which I marked earlier I think it was very good opportunity to short it, but I was wondering and I didnt take it. It could be normal correction.

Also bruh I had shorts earlier. Here is screenshot
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Daytrader
  • #34,866
  • Nov 4, 2021 11:32am Nov 4, 2021 11:32am
Quoting Macallik
{quote} I don't use Market Profile, but since you have it on your chart, you can see that price is returning to a high value node. It should be a 'wait and see' price level instead of a 'take a short when it hits this price area' price level.
You think I'm stupid or what. This is my impression. I am not just shooting LONG SHORT LONG SHORT to have more positions. It was my idea to short it, because I noticed opportunity.

I have just add it to my chart and I am watching it.

You are not explaining why I shouldnt take short or any position there. You are just talking about crap I think.
Daytrader
  • #34,867
  • Nov 4, 2021 11:43am Nov 4, 2021 11:43am
Quoting trezo
{quote} You think I'm stupid or what..
I'm just done, you ask for help and people give you advice and you come back telling them they're wrong or this BS attitude.

Good luck dude you're on your own.
  • #34,868
  • Nov 4, 2021 11:46am Nov 4, 2021 11:46am
Quoting Anotan
{quote} I'm just done, you ask for help and people give you advice and you come back telling them they're wrong or this BS attitude. Good luck dude you're on your own.
Your advices are just I dont know I can say dumb. "Wait and see" xD Funny
Daytrader
  • #34,869
  • Nov 4, 2021 11:48am Nov 4, 2021 11:48am
Quoting trezo
{quote} You think I'm stupid or what. This is my impression. I am not just shooting LONG SHORT LONG SHORT to have more positions. It was my idea to short it, because I noticed opportunity. I have just add it to my chart and I am watching it. You are not explaining why I shouldnt take short or any position there. You are just talking about crap I think.
That's what I get for unmuting you and offering my $0.02 .

Your posts all follow the same pattern so I'll just requote my prior comment:
Quoting Macallik
{quote} I appreciate how friendly everyone is in this thread. I just wanted to chime in with my personal perspective as an observer. As far as I know, no one else in this thread the trades off the 1m. Quite a few seasoned VSA traders in this thread (and across the internet) have publicly stated that they find too much noise on the 1m and prefer to use the 5m or greater. What you may not be fully accepting is that when you ask for advice on a timeframe that no one else trades, even well-intentioned advice is still a translation from the 5m...
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  • #34,870
  • Nov 4, 2021 11:50am Nov 4, 2021 11:50am
Quoting Macallik
{quote} That's what I get for unmuting you and offering my $0.02 . Your posts all follow the same pattern so I'll just requote my prior comment: {quote} {image}
It is the same question that I can ask about M5 M15 M30, it is just timeframe. And you will be talking the same, wait and see.

I'm trying to learn something, but you probably don't want to help
Daytrader
  • #34,871
  • Nov 4, 2021 11:59am Nov 4, 2021 11:59am
Quoting trezo
{quote} You think I'm stupid or what. This is my impression. I am not just shooting LONG SHORT LONG SHORT to have more positions. It was my idea to short it, because I noticed opportunity. I have just add it to my chart and I am watching it. You are not explaining why I shouldnt take short or any position there. You are just talking about crap I think.
dude you should look into your translator, if you are using one.
  • #34,872
  • Nov 4, 2021 12:01pm Nov 4, 2021 12:01pm
Quoting attique08
{quote} dude you should look into your translator, if you are using one.
whats wrong?
Daytrader
  • #34,873
  • Edited 1:12pm Nov 4, 2021 12:56pm | Edited 1:12pm
Speaking of Nas, looks like there was a nice OR long on M15 with trend allignment on above timeframes.

No testing on M15+ though so a bit more aggressive.
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  • #34,874
  • Edited 8:31pm Nov 4, 2021 1:27pm | Edited 8:31pm
trade based on immediate background as overall trend in indexes is strongly bullish.
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EDIT:
there was test at low of the day followed by upbar on increased volume closing on high (countermanding signal). didn't manage the trade and kept trade open and the very next bar after potential formation of double bottom, there was widespread upbar which closed on high and in the OR. stopped out.
  • #34,875
  • Nov 4, 2021 1:53pm Nov 4, 2021 1:53pm
One more trade for today:
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  • #34,876
  • Nov 4, 2021 3:03pm Nov 4, 2021 3:03pm
Quoting Macallik
One more trade for today: {image}
Really picked up momentum going into the close. Didn't want to get out of it completely so I sold half & will see what the unemployment #s do tomorrow morning
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  • #34,877
  • Nov 5, 2021 1:03am Nov 5, 2021 1:03am
Quoting Macallik
One more trade for today: {image}
Good trade, but I would have been not bought that.
  • #34,878
  • Nov 5, 2021 5:36am Nov 5, 2021 5:36am
Quick trade today with NFP around the corner.

Price came up to yesterday's HVC with a low volume rejection then it was hit with heavy volume pushing price down and away from the close. Selling pressure maybe? its not really an absorption bar because there is no lows to the left to push through.

Shorted an M15 up thrust, could probably take this down to yesterday's low but I was just looking for a quick buck before the news.
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  • #34,879
  • Nov 5, 2021 6:12am Nov 5, 2021 6:12am
Quoting Shantala
{quote} Good trade, but I would have been not bought that.
I'm more concerned about sustainability/consistency than P&L at this point, so definitely share your perspective when you get a chance (especially since you use Wyckoff in a somewhat similar fashion)
  • #34,880
  • Nov 6, 2021 2:43am Nov 6, 2021 2:43am
Seriously, Trezo, why are you pugnacious to everyone who takes their time to respond to you as best as they can? It is as if you are spoiling for a fight when there is no reason to. If you can't accept instruction or correction in the helping spirit they were given then do not bother seeking them. To say I was shocked at the way you suddenly attacked Anotan and Macallik for offering their views is stating it mildly.
Fred
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