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vsa with Malcolm

  • #35,061
  • Nov 30, 2021 3:55pm Nov 30, 2021 3:55pm
For all the world to see
Kinda went with principle one here - wide spread down closing on its lows followed by an up bar (not as wide as I would like) locking out traders.
Shakeout - markup thinking We shall see

2 mini lots here is the risk profile

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-B
  • #35,062
  • Nov 30, 2021 4:09pm Nov 30, 2021 4:09pm
Quoting Chronus
{quote} Pardon the erroneous label there. Followed the image thinking you sold. VSA is not about seeing an entry setup and taking it while hoping it magically goes into profit....Malcolmb, one of the vsa masters here, used to say VSA is action and reaction.
I am not counting for magic profit. I want to understand market, vsa etc.
Daytrader
  • #35,063
  • Nov 30, 2021 7:34pm Nov 30, 2021 7:34pm
Quoting kicktothehea
For all the world to see Kinda went with principle one here - wide spread down closing on its lows followed by an up bar (not as wide as I would like) locking out traders. Shakeout - markup thinking We shall see 2 mini lots here is the risk profile {image}
That is a risky trade ... there is still potential to go down, keep in mind most of the trader here trade lower than 4H chart ... i may be wrong ...

welcome to this thread ....
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  • #35,064
  • Nov 30, 2021 7:55pm Nov 30, 2021 7:55pm
Quoting kicktothehea
Would anyone mind if I start posting some forex trades here?
You don't have to ask. All are welcome here. We do not all trade the same way, but we are all Volume Spread Analysis (VSA) traders. Post away.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,065
  • Nov 30, 2021 8:16pm Nov 30, 2021 8:16pm
Quoting trezo
I'm back. Here are my positions from today. 1-Short after Weakness and NO DEMAND on this highest volume bar low as HG show. It got sl. 2-Longs after I noticed on M15 is NO SUPPLY and a kind of shakeout-wick for confirm. I closed if after I have seen there is resistance on m1 and there was bearish rejection. 3-Took long after I noticed shakeout on HIGH VOLUME BAR OF SESSION (Hiddengap idea) and NO SUPPLY. I made BE there because price reject SMA20, and next move down could be downtrend. 4-Longs on M5, There was shakeout on SMA20 and area of support....
I refrained from answering this post, but those who did pretty much nailed it.

ISSUE #1: You've heard this a million times, and you will hear it a million more- the 1M timeframe is not an ideal timeframe to try to trade !!!! The M1 by its very nature is very "whipsawey". That is to say, there are a lot of breakouts that turn out to be fakeouts. So if you're going to trade the M1, you have to get used to the fact that you are going to take more losses than a trader trading the H1 or the Daily.

ISSUE #2: It appears to me that the Williams%R (36) goes above -50 around 15:10-15:20 hrs and stays that way for the remainder of the time shown on the chart. Therefore, after that time you should not be taking a single short trade. It doesn't matter what the m1 says unless it is in alignment with the M5.

ISSUE #3: How are you drawing your Trigger Number Matrix? The Trigger Number Matrix becomes the playing field. You need to understand it.

ISSUE #4: You must understand that tops and bottoms are more often a process than a single event. Yes, you will see some "v" tops and "v" bottoms, but they are the exceptions, not the rule. VSA talks about building a cause. 1 high volume bar isn't necessarily enough to build a cause.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,066
  • Nov 30, 2021 8:28pm Nov 30, 2021 8:28pm
Quoting trezo
Today on - 1. Took longs because there was a test, with earlier strong bullish candle, and 16:30 usa open candle was bullish + it was test on HIGH VOLUME BAR HIGH. 2.Test got failed. Weakness has shown. They made UT and I got entry when they break low of this candle. More weakness but they went up ? 3. I entry long because I got signal on m5 two shakeouts and test. 4. Strength in background so longs? Why not. They made test and I got entry. They went down. Share your comments below What should I do. {image}
No, this is not a re-post. I've said these things before, but you continue to ignore them for some reason.

I don't like all the indicators on your chart, but you do you. But it appears like you have at least two MAs on the chart. The purple one is probably the 20 and the lite blue the 50.

So the question is, why are you trading short when the 20 MA is ABOVE the 50 MA? Only go long when the 20 MA is above the 50 MA and price is above the 20 MA. Only go short when the 20 MA is below the 50 MA and price is below the 20 MA.........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,067
  • Dec 1, 2021 4:20am Dec 1, 2021 4:20am
EN short and Gold short
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  • #35,068
  • Edited 12:11pm Dec 1, 2021 7:25am | Edited 12:11pm
Quoting kicktothehea
For all the world to see Kinda went with principle one here - wide spread down closing on its lows followed by an up bar (not as wide as I would like) locking out traders. Shakeout - markup thinking We shall see 2 mini lots here is the risk profile {image}

I let the trade run overnight while snoozing - and the trade was apparently snoozin as well haha.....

Dropped to monitor this on the 30m - will cut my loss if I see that 5am bar not holding up well - looks like there is indeed overhead supply but there appears to be buying in there as well -

Hence my #1 mental problem in trading - Impatience - Instead of holding all night - I simply could have waited for a 4H test of the bar I saw as a NS bar (the bar after the UHV climax down)-
But - I know my problems and my limits (and more important my risk) - so if that 30M (5am) bar cannot hold I will close for a tiny loss and see if that test comes through and re-enter.


EDIT - stopped out - I tightened my stop as I got impatient waiting -

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-B
  • #35,069
  • Dec 1, 2021 7:30am Dec 1, 2021 7:30am
It appears the 3am HV bar (30M) is being tested - I moved my stop underneath it (the red horizontal) - If this fails I am out for a tiny loss

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-B
  • #35,070
  • Edited 8:39am Dec 1, 2021 7:34am | Edited 8:39am
AUDJPY 2 beautiful 30M upthrusts overnight -If I see an upthrust or another SOW show in the green marked box I will sell in there


Follow up (editing this post) in hindsight I missed the trade - I almost clicked on that up bar to sell when it closed but the volume was too high for my liking.
Had it been lower volume (ND) I would have sold.
Dems da breaks.
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-B
  • #35,071
  • Dec 1, 2021 8:17am Dec 1, 2021 8:17am
Quoting HiddenGap
{quote} No, this is not a re-post. I've said these things before, but you continue to ignore them for some reason. I don't like all the indicators on your chart, but you do you. But it appears like you have at least two MAs on the chart. The purple one is probably the 20 and the lite blue the 50. So the question is, why are you trading short when the 20 MA is ABOVE the 50 MA? Only go long when the 20 MA is above the 50 MA and price is above the 20 MA. Only go short when the 20 MA is below the 50 MA and price is below the 20 MA.........
yes, this short wasn't after cross. I took short because they made move down and a test of this 2 mas from down, and i count for retest and cross down. Thats right
Daytrader
  • #35,072
  • Dec 1, 2021 8:30am Dec 1, 2021 8:30am
Quoting trezo
They made test and I got entry. They went down. Share your comments below What should I do. {image}
I've been doing this 3-4 years take my advice for what it is worth.

I have tried every single indicator there is - even made my own -
Conclusion? - less is better - and if you do use them as signals do not fade them.
It defeats the purpose of using them.

Anytime a trader asks the question "What should I do?" -
The answer will always be - stop trading real money because you are not ready or not in synch with what you are trying to do.
A trader should never ask that question with live money. Ever. You can argue this until you are blue in the face - If a trader asks "What should I do?" - STOP TRADING LIVE MONEY.

I have live traded - tick charts - 30 second charts - 1 min charts - Renko - Kagi - Heiken Ashi - 2 min - 3 min - 5 min - (you get the point) - Daily, Weekly (not monthly)
I have even traded live just using a DOM - (did not go so well)

In my EXPERIENCE trading LIVE - if you are not a professional scalper you will get whipsawed to death anything under 5min (even at 5min its very hard to time the market you need to be very very good)

If you are asking the question "What should I do?" -
Stop using real money ASAP
Use 2 time frames at a minimum
If you "have to" be on the lower time frame charts
Use 30M as your signal and 10M as your main chart -
Only trade if you see a signal on the 30M chart and use the 10M chart for entries and managing.

On those lower time frames unless you are a computer or a world class 1% scalper - you will lose.

"Thats all I got to say bout that" - FG
-B
  • #35,073
  • Dec 1, 2021 8:36am Dec 1, 2021 8:36am
Quoting Cyberforex
{quote} That is a risky trade ... there is still potential to go down, keep in mind most of the trader here trade lower than 4H chart ... i may be wrong ... welcome to this thread .... {image}

Thank you for commenting Cyber -
Yes I am aware it was/is a risky trade. Anytime you see a UHV WB close like that its risky - but if I manage my risk tight and have a reason for entering then I know my limits -
I tend to enter when bars are up (sell) or when bars are down (long) - for the most part - not all the time of course - like a nice upthrust in a down move I will sell all day long.

For time frames - I use the 4H as a base generally - since I am in the U.S. I will enter near the end of the day on a 4H bar and let errrr ride overnight (with very small risk of course)

During the U.S. mornings I will use the 4H as a base and drop to the 30M for a signal (sometimes the 10M) and day trade there.

This is one of the greatest threads in the history of trading - so much knowledge is shared and so many different trading styles are present (all based on VSA of course) -
Keep the comments coming - interaction is fantastic as it helps us improve immensely.
-B
  • #35,074
  • Dec 1, 2021 8:59am Dec 1, 2021 8:59am
EURNZD short - 2 lots quick trade hopefully

4H is up but struggling in this area
30M shows upthrust action where previous rejection occurred

Stop above the upthrust
Taking profit down where there are multiple 4H closes clumped together
Against the HTF trend but its a small trade.
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-B
  • #35,075
  • Dec 1, 2021 9:10am Dec 1, 2021 9:10am
Quoting kicktothehea
{quote} I've been doing this 3-4 years take my advice for what it is worth. I have tried every single indicator there is - even made my own - Conclusion? - less is better - and if you do use them as signals do not fade them. It defeats the purpose of using them. Anytime a trader asks the question "What should I do?" - The answer will always be - stop trading real money because you are not ready or not in synch with what you are trying to do. A trader should never ask that question with live money. Ever. You can argue this until you are blue in the...
Im pretty sure its a demo hes using mate as hes got a TE up. Just thought I would mention.
  • #35,076
  • Dec 1, 2021 9:11am Dec 1, 2021 9:11am
Well that one worked out rather well..... these are the rare shoot in your direction easy money trades.
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-B
  • #35,077
  • Dec 1, 2021 9:13am Dec 1, 2021 9:13am
Quoting kicktothehea
{quote} I've been doing this 3-4 years take my advice for what it is worth. I have tried every single indicator there is - even made my own - Conclusion? - less is better - and if you do use them as signals do not fade them. It defeats the purpose of using them. Anytime a trader asks the question "What should I do?" - The answer will always be - stop trading real money because you are not ready or not in synch with what you are trying to do. A trader should never ask that question with live money. Ever. You can argue this until you are blue in the...
I am trading at demo, because I had lost some money on real. Im not ready to trade live.
Daytrader
  • #35,078
  • Dec 1, 2021 9:15am Dec 1, 2021 9:15am
Quoting trezo
{quote} I am trading at demo, because I had lost some money on real. Im not ready to trade live.

PHEW - I thought I was going to have to fly to where you are and kick you in the shins
That is good to know. I was really scared for you.
-B
  • #35,079
  • Dec 1, 2021 9:46am Dec 1, 2021 9:46am
My today trades are bad also :/
Daytrader
  • #35,080
  • Dec 1, 2021 10:02am Dec 1, 2021 10:02am
Quoting trezo
My today trades are bad also :/
Take one of the bad trades -
Ask yourself (and you need to be honest) - Why did I take this trade?

Then look at where you went wrong - you need to constantly look at each trade and dissect it and understand
A. Why I took the trade
B. What went wrong/well with this trade
C. What will I do different next time
D. Repeat this over and over and adjust
-B
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