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vsa with Malcolm

  • #35,241
  • Dec 18, 2021 12:21pm Dec 18, 2021 12:21pm
Quoting Frag8383
I agree with you 100%, but I have to say that I need to place targets, when I´m on a trade the `problem is that Im greedy as fu...... and my biggest losses have come not from not respecting stop losses but from thinking that the price is going to the moon!!!!!! and then turning back on me. Emphasis Added
I'm not anti target, rather I believe in a different paradigm. At the core of my paradigm is: Want what the Market wants. Accordingly, the very idea of a target, usurps what the Market wants and displaces it with what I want.

Thinking that price is going to the moon and trading accordingly, is very different than letting price go to the moon and trading accordingly.

Quoting Frag8383
In any case you guys need to find what it works for you, I believe that is the most important factor. Emphasis Added.
I believe that every trader trades their own belief system/personality. This, by the way, is why it's erroneous to think a system or method will fail with wide-spread dissemination. No two people are exactly alike and no two people will trade a system or methodology exactly alike.

But I digress, you're correct. Everyone should seek to find what works for them. One of the beautiful things about this tread, where there is a shared belief in Volume Spread Analysis (VSA), is the diversity of its utilization.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,242
  • Dec 19, 2021 10:28am Dec 19, 2021 10:28am
Quoting Anotan
I started reading some of Pres78's journal because of Frag8383's post, I've read it before but its been a while and when I did read his journal is was only bits and pieces. I ran across this post and essentially this USDCAD trade fit his VZA trade perfectly. Seriously read his post. He says to look for the high of the previous...
https://c.tenor.com/usp9--ZHyt0AAAAC...-president.gif
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,243
  • Dec 20, 2021 10:26am Dec 20, 2021 10:26am
today strength and sl : D charts really likes me\

where is your higher tf graal hehe
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Daytrader
  • #35,244
  • Dec 20, 2021 10:59am Dec 20, 2021 10:59am
Quoting trezo
today strength and sl : D charts really likes me\ where is your higher tf graal hehe {image}
No strength on that chart. MA's are down, the faster MA is below one of your slower MA's.

Low of the previous highest volume is above price. Today's highest volume is below the previous highest volume. What you said is strength is not.
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Today's zone = Tomorrow's opportunity!
  • #35,245
  • Dec 20, 2021 11:35am Dec 20, 2021 11:35am
Quoting pres78
{quote} No strength on that chart. MA's are down, the faster MA is below one of your slower MA's. Low of the previous highest volume is above price. Today's highest volume is below the previous highest volume. What you said is strength is not. {image}
I have one moving average.

Price move up, above moving average. test it and went up - strength in background. Also high buying volume on US open.

You marked candle which is around 100 bar from now. I think it is too much.

Also I was looking at m1,m5 chart and on m5 i noticed strength too.
Daytrader
  • #35,246
  • Dec 20, 2021 11:38am Dec 20, 2021 11:38am
Quoting trezo
{quote} I have one moving average. Price move up, above moving average. test it and went up - strength in background. Also high buying volume on US open. You marked candle which is around 100 bar from now. I think it is too much. Also I was looking at m1,m5 chart and on m5 i noticed strength too.
100 bars back on a 15-minute chart is not too much.

You see strength and I do not.

To each their own.
Today's zone = Tomorrow's opportunity!
  • #35,247
  • Dec 20, 2021 11:47am Dec 20, 2021 11:47am
Quoting trezo
today strength and sl : D charts really likes me\ where is your higher tf graal hehe {image}
Have you compared the chart to the principles from this post
https://www.forexfactory.com/thread/...0#post13717230

  • #35,248
  • Dec 20, 2021 12:01pm Dec 20, 2021 12:01pm
Quoting bandler
{quote} Have you compared the chart to the principles from this post https://www.forexfactory.com/thread/...0#post13717230
link not working for me mate
Daytrader
  • #35,249
  • Dec 20, 2021 12:03pm Dec 20, 2021 12:03pm
Quoting pres78
{quote} 100 bars back on a 15-minute chart is not too much. You see strength and I do not. To each their own.
Cannot understand vsa, there are no good study materials. I think I noticed all and nothing.
Daytrader
  • #35,250
  • Dec 20, 2021 12:12pm Dec 20, 2021 12:12pm
Quoting trezo
{quote} link not working for me mate
Attached File(s)
File Type: pdf Tom & SyntaxError SOS-SOW principles.pdf   571 KB | 535 downloads
  • #35,251
  • Dec 20, 2021 12:23pm Dec 20, 2021 12:23pm
Quoting Paulscaff1
{quote} {image}
thankss i'll check it
Daytrader
  • #35,252
  • Dec 20, 2021 12:54pm Dec 20, 2021 12:54pm
Quoting trezo
{quote} thankss i'll check it
Maybe do some reading up on the basics aswell using the usual books mate.

What you saw on the chart did have ultra high volume, but was more likely to be weakness rather than strength. Plus ideally you would wait and see how price reacts to this volume rather than jumping in.

Theres always that trading plan by HG to fall back onto aswell. Did you read through the VZA thread?
  • #35,253
  • Dec 20, 2021 5:38pm Dec 20, 2021 5:38pm
Quoting Paulscaff1
{quote} Maybe do some reading up on the basics aswell using the usual books mate. What you saw on the chart did have ultra high volume, but was more likely to be weakness rather than strength. Plus ideally you would wait and see how price reacts to this volume rather than jumping in. Theres always that trading plan by HG to fall back onto aswell. Did you read through the VZA thread?
I tried trading as HG wrote plan ,but not working.

I didnt read vsa thread.

So if after every signal I have to wait how price react when can i entry
Daytrader
  • #35,254
  • Dec 21, 2021 2:22am Dec 21, 2021 2:22am
Quoting trezo
{quote} I tried trading as HG wrote plan ,but not working. I didnt read vsa thread. So if after every signal I have to wait how price react when can i entry
Your best entries are on, after weakness no demand and after strength no supply or a test
  • #35,255
  • Edited 4:30am Dec 21, 2021 3:39am | Edited 4:30am
Playing a little bit with the VZA stuff.

UJ buy yesterday.

Price rallied above the zone, came down and found buyers off the 50%, ended up buying a M30 test into the 100%.

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Today I sold EA, I'm not confident on this trade. Looking at this from a HVC stand point I would be looking for buys at 1.582x because yesterday there was a healthy push up through the FOMC HVC.

From a VZA stand point, price dropped below the 0% and came up to find sellers as price tried to rally to the 100%. There is a hidden UT into the 0% on M15, I missed it and set a pending order at the 0% and was taken in on the up move during Franky open.

Attached Image (click to enlarge)
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Closed out 1/2 and trade is at virtual BE now. I've been planning on just taking 1/4 of the position off at 1:1 to reduce the risk by 1/2 and still able to keep 3/4 of the position open, but price is down in the 1.582x area and I have a feeling professional buyers will be found here.

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  • #35,256
  • Dec 21, 2021 8:35am Dec 21, 2021 8:35am
Quoting trezo
{quote} I tried trading as HG wrote plan ,but not working. I didnt read vsa thread. So if after every signal I have to wait how price react when can i entry
Another good excercise that might help would be, when you post a losing trade, try to post some comments on why you think the trade may not have worked. Any mistakes you think you could have made, what you could have maybe done different etc.

It will probably help develop more of an understanding.
  • #35,257
  • Dec 21, 2021 9:28am Dec 21, 2021 9:28am
Quoting Anotan
sold EA...
UJ long still open, moved stop up to BE at 113.48.

Closed EA down completely. Price is back at the close of the bar that marked through FOMC HVC. M15 looks like there could be some stopping volume.
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  • #35,259
  • Dec 21, 2021 4:58pm Dec 21, 2021 4:58pm
Quoting duve
Hidden
This is the wrong place for that stuff mate.

.....and why are you spamming the same shit across multiple threads
  • #35,260
  • Dec 21, 2021 5:31pm Dec 21, 2021 5:31pm
Quoting Paulscaff1
{quote} This is the wrong place for that stuff mate. .....and why are you spamming the same shit across multiple threads
It's been reported.
Today's zone = Tomorrow's opportunity!
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