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vsa with Malcolm

  • #35,101
  • Dec 4, 2021 12:01pm Dec 4, 2021 12:01pm
Just sayin' - We as "VSA-ers" would have seen the serious upthrusting action on the higher TF before bitcoins fall. (I don't trade the stuff so this is naturally hindsight analysis)

WB UHV close on the low (before it were serious no demand bars printing)
Followed by some serious effort and NO result action
Finally a capitulation bar

I forget the section of the book MTM - where Tom mentions if you pound against support hard enough it eventually fails.
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-B
  • #35,102
  • Dec 4, 2021 1:45pm Dec 4, 2021 1:45pm
Quoting kicktothehea
Just sayin' - We as "VSA-ers" would have seen the serious upthrusting action on the higher TF before bitcoins fall. emphasis added
Neo may have had to take off the matrix to see clearly, but as VSAers we see clearly when we put the Matrix on.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,103
  • Dec 5, 2021 9:08am Dec 5, 2021 9:08am
Quoting HiddenGap
{quote} Neo may have had to take off the matrix to see clearly, but as VSAers we see clearly when we put the Matrix on. {image}

Always love your analysis.
-B
  • #35,104
  • Dec 5, 2021 6:22pm Dec 5, 2021 6:22pm
chfjpy - Sunday night scalp while watching tv -
4H down/rangy
This pair opened aggressive right into previous selling
I dropped t the 30m chart and waited and the first bar closed just off the high and the 2nd bar could not break the previous high and closed off its high as well.
I entered on the close of the up bar with the arrow and just took it back to the lows since its Sunday night and low volume.
I decided to close/scalp right where there were cluster of previous 30M close levels (I highlighted in the square)

EDIT - forgot to add the 4H chart so you can see what I saw which caused me to drop to the 30m and wait

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-B
  • #35,105
  • Dec 6, 2021 12:25am Dec 6, 2021 12:25am
Quoting kicktothehea
chfjpy - Sunday night scalp while watching tv - 4H down/rangy This pair opened aggressive right into previous selling I dropped t the 30m chart and waited and the first bar closed just off the high and the 2nd bar could not break the previous high and closed off its high as well. I entered on the close of the up bar with the arrow and just took it back to the lows since its Sunday night and low volume. I decided to close/scalp right where there were cluster of previous 30M close levels (I highlighted in the square) EDIT - forgot to add the 4H chart...
nice trade .... if you continue to trade CHF/JP, there is still potential to go down ... here is my foresight .... i may be wrong ....
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  • #35,106
  • Edited 9:21am Dec 6, 2021 8:30am | Edited 9:21am
CADCHF stalking it right now

First chart is the 4H
Clear downtrend with a pop into a selling area

30M close on a low followed by a test bar followed by a few bars unable to break highs
Signal bar has higher volume coming into it and closing near its highs so I will be cautious if I take this trade

EDIT: Did not take the trade - price kept moving higher further into the 4H selling - will keep watching and waiting

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-B
  • #35,107
  • Dec 6, 2021 8:36am Dec 6, 2021 8:36am
Quoting Cyberforex
{quote} nice trade .... if you continue to trade CHF/JP, there is still potential to go down ... here is my foresight .... i may be wrong .... {image}

Thanks Cyber - you were correct! I chose not to swing it overnight since I was logging off about an hour later and I was not comfortable holding it.
Thank you for the foresight - and its okay to be wrong We all are. It's part of taking trades haha
-B
  • #35,108
  • Dec 6, 2021 9:14am Dec 6, 2021 9:14am
what do you see here? what kind of vsa signals?
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Daytrader
  • #35,109
  • Edited 9:53am Dec 6, 2021 9:29am | Edited 9:53am
USDCHF 4H moves into selling area
30M chart shows a nice upthrust
Selling the low and will try to ride it down

EDIT - no go. No entry signal. Passed on this one too
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-B
  • #35,110
  • Dec 6, 2021 9:30am Dec 6, 2021 9:30am
Quoting trezo
what do you see here? what kind of vsa signals? {image}
I would need to see that chart zoomed out and also a time frame higher chart zoomed out to even guess
Right now I only see 14 bars which mean nothing

If you want to learn VSA - as others have said repeatedly - background and context is the basis.
That screen shot you displayed shows neither.
-B
  • #35,111
  • Dec 6, 2021 9:43am Dec 6, 2021 9:43am
Quoting kicktothehea
{quote} I would need to see that chart zoomed out and also a time frame higher chart zoomed out to even guess Right now I only see 14 bars which mean nothing If you want to learn VSA - as others have said repeatedly - background and context is the basis. That screen shot you displayed shows neither.
the further I go back, the more conflicting signals there are
Daytrader
  • #35,112
  • Dec 6, 2021 9:46am Dec 6, 2021 9:46am
Quoting trezo
{quote} the further I go back, the more conflicting signals there are
If its not clear, maybe its just not tradeable mate.

Ive been looking at 12 instruments all day and not found anything clear.
  • #35,113
  • Dec 6, 2021 10:01am Dec 6, 2021 10:01am
Quoting trezo
{quote} the further I go back, the more conflicting signals there are
You do not zoom out for signals.
You zoom out for back ground and context.

If you do not know what the context is - then no signal (VSA or not) will help.
Understanding the context is the main piece.

By looking at that screenshot you posted - you have no idea if that is ranging, up trending , or down trending.
Even worse - you do not know what the next higher time frame is doing.
If the next higher time frame is going up - why fade it? Take the easy path and sell with it.

Context - Context - Context before signals
-B
  • #35,114
  • Edited 10:24am Dec 6, 2021 10:02am | Edited 10:24am
howdy. took a loss today on EA, strenght came n , background strenght, set a limit cos i couldn t stay and watch price and got ran over.
and just found a nice scalp just now on CJ.
that scalp turned into 2.5R and running at BE and partial taken to offset the loss i took earlier. still a good day
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  • #35,115
  • Dec 6, 2021 10:09am Dec 6, 2021 10:09am
Here is an example (I switched moving averages and added a Keltner to show you whatever indicators added do not matter - its all about context - THEN the signal)

4H chart of USDJPY

Anyone looking at that should be able to say its downtrending (maybe a range there at the bottom but for a simple analysis that is down)
So why would you fade that at any point?
If you were an experienced trader with tight money management - maybe you buy the bottom of the channel - but for every day traders - why fight the trend?
Drop to the 30 (or something you are comfortable trading on which fits into the 4H) 1H, 30, 15, 10 and wait - wait for a reason to sell.
You know you have the 4H at your back -

(prob not the best chart example for a downtrend - since it might be building back up ) - but you should get the point - CONTEXT then signal

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-B
  • #35,116
  • Dec 6, 2021 10:14am Dec 6, 2021 10:14am
Quoting kicktothehea
Here is an example (I switched moving averages and added a Keltner to show you whatever indicators added do not matter - its all about context - THEN the signal) 4H chart of USDJPY Anyone looking at that should be able to say its downtrending (maybe a range there at the bottom but for a simple analysis that is down) So why would you fade that at any point? If you were an experienced trader with tight money management - maybe you buy the bottom of the channel - but for every day traders - why fight the trend? Drop to the 30 (or something you are...
mate, u need vol to come in and confirm at highs and lows. without vol, any upthrust or spring could be fake and price just continues. trend is relative concept imho.
ofc i do agree partially with what ur saying (low vol at support or resist 85% of the time signals a break)
  • #35,117
  • Dec 6, 2021 10:14am Dec 6, 2021 10:14am
Gave in to impatience and took a long on EJ.

Test after 2bar reversal. Lets see if it can get through the high of the buying climax I just noticed.
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  • #35,118
  • Dec 6, 2021 10:18am Dec 6, 2021 10:18am
Quoting 1odi
{quote} mate, u need vol to come in and confirm at highs and lows. without vol, any upthrust or spring could be fake and price just continues. trend is relative concept imho. ofc i do agree partially with what ur saying (low vol at support or resist 85% of the time signals a break)
Yes I know that - was using it only as an example of trend - Was not talking about VSA principles there - just context
-B
  • #35,119
  • Dec 6, 2021 10:20am Dec 6, 2021 10:20am
Quoting Paulscaff1
Gave in to impatience and took a long on EJ. Test after 2bar reversal. Lets see if it can get through the high of the buying climax I just noticed. {image}
nice trade, it should cos, i see initial selling but the result is still green bars and closing off the high on low vol. what i do to confirm is go to 5m and even 1m to see if vol is off the high or low, cos often times what might look like a buying climax for example on the hrly could actually be SOS on 5m.
  • #35,120
  • Dec 6, 2021 10:35am Dec 6, 2021 10:35am
Quoting kicktothehea
{quote} You do not zoom out for signals. You zoom out for back ground and context. If you do not know what the context is - then no signal (VSA or not) will help. Understanding the context is the main piece. By looking at that screenshot you posted - you have no idea if that is ranging, up trending , or down trending. Even worse - you do not know what the next higher time frame is doing. If the next higher time frame is going up - why fade it? Take the easy path and sell with it. Context - Context - Context before signals
wide
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