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vsa with Malcolm

  • #35,201
  • Dec 8, 2021 6:17pm Dec 8, 2021 6:17pm
Quoting trezo
{quote} Look that ATR HISTOGRAM indicator which you sent and you said that it is the same. It is diffrent. {image}
Its the same mate, as soon as a bar closes past the 2.5 ATR, the colour changes.

Quoting trezo
What can I do to better read VSA chart? All my analysis when I am trying to find a good setup, a few signals like today selling climax, shakeout, effort and test and it failed... All my trades are failing.
Obviously Im not one of the experts mate, but is the 1 minute chart defining your stop loss? Naturally using the 1 minute chart will likely give you a tighter stop, which maybe means that theres more chance it gets hit?
  • #35,202
  • Dec 8, 2021 11:58pm Dec 8, 2021 11:58pm
Quoting Paulscaff1
{quote} I took UJ long this morning mate, got stopped out by a big wide range bar that appeared (dont know if it was omicron news or something, then proceeded to go and hit target. I tried another entry in the afternoon, it was a break and retest, with a test into a trigger bar. Price failed to break the top of the range though so i took a hit on that aswell.
there was a more agressive entry around london open, entry right after that SOS kicked in, and cos we had the fake break of the lows i d place the SL just below that plus spread. when the highest vol of the day kicked in, the 1m shows really nice buying and closing at the high on half the vol, so would ve staied in the trade. maybe we ll get some follow up today on those pairs as the longs are still in play
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  • #35,203
  • Dec 9, 2021 2:04am Dec 9, 2021 2:04am
EJ AND UJ potential long setups
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  • #35,204
  • Dec 9, 2021 8:59am Dec 9, 2021 8:59am
Quoting Frag8383
{quote} Trezo dont get discourage, trading VSA or volume is not the end of the world, volume is very difficult to interpret and is always different otherwise you will learn basic VSA concepts that are very clear and everyone would make money. My advice is to simplify things, for example on your last chart you have 2 moving averages, that is good to decide on the trend, look for the price to be between the 2 moving averages and only there look for VSA signals like effort vs result and no demand or stopping volume that is form by a clear pin bar....
Thanks for kind words.

I will try to simplify it.

What do you mean about added things by HG and Pres?

I am also reading this forum again from 0.
Daytrader
  • #35,205
  • Dec 9, 2021 8:59am Dec 9, 2021 8:59am
Quoting Paulscaff1
{quote} Its the same mate, as soon as a bar closes past the 2.5 ATR, the colour changes. {quote} Obviously Im not one of the experts mate, but is the 1 minute chart defining your stop loss? Naturally using the 1 minute chart will likely give you a tighter stop, which maybe means that theres more chance it gets hit?
My stops are not tight mate.
Daytrader
  • #35,206
  • Dec 9, 2021 12:20pm Dec 9, 2021 12:20pm
The thing that made me pick this trade was shortening of the thrust

Attached Image (click to enlarge)
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1 wide spread going up on low volume
2 trend line not broken

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1 trendline
2 2br
3 no demand entry
  • #35,207
  • Dec 9, 2021 5:37pm Dec 9, 2021 5:37pm
Quoting bandler
The thing that made me pick this trade was shortening of the thrust {image}1 wide spread going up on low volume 2 trend line not broken {image}1 trendline 2 2br 3 no demand entry
Nice trade mate
  • #35,208
  • Edited 10:03am Dec 10, 2021 3:39am | Edited 10:03am
Long on UJ, Test after breaking above trigger bar.

This is a hail mary trade to try and get back to breakeven, its my last day on evaluation so risked my max daily loss on it.


Update: Hit SL on this.

I was aiming for around 1.4RR so after I entered the trade I closed down the chart to let it do its thing.

Turns out it was only 0.7 pips from TP Thats what I get for not keeping my eye on it though.

Gona take some time off live trading until January, in the mean time I will backest 100 trades like this and get some actual stats on it.
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  • #35,209
  • Dec 10, 2021 10:05am Dec 10, 2021 10:05am
Quoting Paulscaff1
Long on UJ, Test after breaking above trigger bar. This is a hail mary trade to try and get back to breakeven, its my last day on evaluation so risked my max daily loss on it. Update: Hit SL on this. I was aiming for around 1.4RR so after I entered the trade I closed down the chart to let it do its thing. Turns out it was only 0.7 pips from TP Thats what I get for not keeping my eye on it though. Gona take some time off live trading until January, in the mean time I will backest 100 trades like...
oh. hard luck mate. you almost got it.
  • #35,210
  • Dec 10, 2021 10:15am Dec 10, 2021 10:15am
Quoting attique08
{quote} oh. hard luck mate. you almost got it.
Almost mate. Its funny cos just before I turned off the laptop I said to myself "what if it gets near TP and reverses....nahhh"

Its all good though.
  • #35,211
  • Edited 2:29pm Dec 10, 2021 11:28am | Edited 2:29pm
Quoting trezo
{quote} Thanks for kind words. I will try to simplify it. What do you mean about added things by HG and Pres? I am also reading this forum again from 0.
Read this Trading Journal Pres78 Trading Journal, all about Volume Zone Analysis, everything very well explained and is very simple and straight forward. A complete strategy with entries and exits based on volume. Hidden Gap does similar things looks for a Volume Zone and then looks to enter with VSA signals.

https://www.forexfactory.com/thread/...rading-journal

Also I don't agree with what people say about the 1M chart, the market makes the same patterns on every time frame. I'm not saying you must trade the 1m chart, the 1m chart is harder because you have less time to think and react so makes emotions harder to control.

But for learning purposes is the best timeframe, how long do you have to wait on the 1h or 4h chart to see the formation or whatever patterns you are looking for. On the 1M chart you can see many patterns every day.

I edited the spelling mistakes, sorry for my English
Kind regards
  • #35,212
  • Dec 10, 2021 4:13pm Dec 10, 2021 4:13pm
Quoting Frag8383
{quote} Read this Trading Journal Pres78 Trading Journal, all about Volume Zone Analysis, everything very well explained and is very simple and straight forward. A complete strategy with entries and exits based on volume. Hidden Gap does similar things looks for a Volume Zone and then looks to enter with VSA signals. https://www.forexfactory.com/thread/...rading-journal Also I don't agree with what people say about the 1M chart, the market makes the same patterns on every time frame. I'm not saying you must trade...
I dont agree too. I heard change timeframe like it could be medicine for everything. But its not. Instead of getting some help in analyzing the chart, I heard just change the timeframe, play less, maybe you have tight stops...

My english also not perfect. I am from Poland.

I am not angry ,but these aren't good advices. (not talking about your advices)
Daytrader
  • #35,213
  • Dec 11, 2021 12:28am Dec 11, 2021 12:28am
Quoting Paulscaff1
Long on UJ, Test after breaking above trigger bar.
To be honest, I think this is one of the best entries you've shown. Your trend indicator was green, price was above the moving average, and you waited for price to break above the Trigger Number Matrix (High) and then pull back to it on low volume.

Personally, I would have entered 4 intervals later on the Spring (which confirms the EvR on the prior bar). But I'm a bit more conservative than you.

But the main difference is that I don't use profit targets and I trail my stop.

You make no mention of higher time frames. Which I'm okay with, but that does seem to infer that this trade was not meant to be a swing or position trade. Thus the question becomes why would you shut down the computer when the trade was at best a day trade and more likely just a scalp trade?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,214
  • Dec 11, 2021 1:15am Dec 11, 2021 1:15am
Quoting HiddenGap
{quote} You make no mention of higher time frames. Which I'm okay with, but that does seem to infer that this trade was not meant to be a swing or position trade. Thus the question becomes why would you shut down the computer when the trade was at best a day trade and more likely just a scalp trade?
Yeah sorry mate, I should have put some more detail.

Price was above H1 diamonds so was looking for longs.

M30 and M15 were in full allignment. The trigger bar and execution was supposed to be on M15 (grey box), but I went down to M5 just incase it left without me.

Yeah mate I saw the spring you mention, thats what gave me some confidence in the trade after entry.

I know mate, not managing the trade was a daft move.

It was the last day on an evaluation and I was -6% in the hole, so I had a "kill or be killed" mentality and chose to look away.

But with sensible management I could have salvaged the account, so lesson learned.

Thanks for the input man
  • #35,215
  • Dec 11, 2021 1:47am Dec 11, 2021 1:47am
Quoting Paulscaff1
Long on UJ, Test after breaking above trigger bar. This is a hail mary trade to try and get back to breakeven, its my last day on evaluation so risked my max daily loss on it. Update: Hit SL on this. I was aiming for around 1.4RR so after I entered the trade I closed down the chart to let it do its thing. Turns out it was only 0.7 pips from TP Thats what I get for not keeping my eye on it though. Gona take some time off live trading until January, in the mean time I will backest 100 trades like...
You should check H4 and H1 for more confirmation

And use Position Calculator indicator to be more accurate where it your TP and SL to know how much are you going to make and risk
Wealthy
  • #35,216
  • Dec 11, 2021 10:00am Dec 11, 2021 10:00am
Quoting Paulscaff1
It was the last day on an evaluation and I was -6% in the hole, so I had a "kill or be killed" mentality and chose to look away.
With what company? Are your plans to try again? I may have missed this discussion, but I'm very interested in this subject.

Quoting Paulscaff1
Price was above H1 diamonds so was looking for longs.

M30 and M15 were in full allignment. The trigger bar and execution was supposed to be on M15 (grey box), but I went down to M5 just incase it left without me.
Again, in my humble opinion, this was a very good high probability entry. It absolutely shows your growth as a VSA trader. Success is clearly just around the corner.

Quoting Paulscaff1
with sensible management I could have salvaged the account, so lesson learned. Thanks for the input man
Like Gavin, I'm in the no target and trail the stop camp. But I think Gavin is a bit too quick to move the stop to break even.

What you might think about is once price gets x pips away from the target, the stop is automatically moved to break even. And when I say automatically, what I really mean is robotically, or with unfailing discipline. In other words, you're moving the stop, not an EA, and you're doing it without fail or second-guessing yourself.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,217
  • Dec 11, 2021 10:36am Dec 11, 2021 10:36am
Quoting HiddenGap
{quote} With what company? Are your plans to try again? I may have missed this discussion, but I'm very interested in this subject
It was with My Forex Funds mate. Ive also tried with FTMO in the past. But MFF has a lower target and less restrictive rules.

Yeah man most likely , probably try again in January, im gona do 100 trades on Soft4x first just to make sure ive got it nailed down. ive been trying to pass them ever since I started trading. Its just my normal way of trading "live" if that makes sense. If im gona blow an account it would rather it be on an evaluation/challenge.

Is it something your interested in?
  • #35,218
  • Dec 13, 2021 10:20pm Dec 13, 2021 10:20pm
Quoting Frag8383
Hi guys, Im going to ask here since other people may find it useful and is related to the volume zone analysis that has been talked about. Could someone create an indicator witht the following conditions: - Spread = (High - Low)x Volume - is higher than last 50 bars or 20 bars o any numbers of bars that you want to have a look back - Called VZ candle - When a following (could be any candle after 1, 5, 3) candle closes above the high of the VZ candle, the VZ candle is colored blue for example and the color extend until a candle closes below the Low...
Hi mate, have you tried posting the idea over in the "code my indicators thread"?

https://www.forexfactory.com/thread/...-for?page=2505

You could also try over at Forex Station.

Theres a hidden gap/wrb indicator that paints rectangles like you mention, it could maybe be edited to work with the vz bars that your looking for.

Ive got a copy of this on my laptop, if its in mql format I will post it for you when I get back on it.
  • #35,219
  • Dec 14, 2021 4:05am Dec 14, 2021 4:05am
Quoting Paulscaff1
{quote} Hi mate, have you tried posting the idea over in the "code my indicators thread"? https://www.forexfactory.com/thread/...-for?page=2505 You could also try over at Forex Station. Theres a hidden gap/wrb indicator that paints rectangles like you mention, it could maybe be edited to work with the vz bars that your looking for. Ive got a copy of this on my laptop, if its in mql format I will post it for you when I get back on it.
Thanks for the help
Yes is similar to the hidden gap indicator but takes volume and the zone is the whole bar

I have previously asked on that thread and people don't reply they are only interested in magic indicators and trend indicators
I removed the post because people don't seem interested
Thanks kind regards
  • #35,220
  • Dec 14, 2021 9:15am Dec 14, 2021 9:15am
can someone help me with analyse of this chart?
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