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  • #35,321
  • Jan 5, 2022 9:40am Jan 5, 2022 9:40am
Quoting 1odi
EU looks enticing, altho today is FOMC, so ranges might be in play? EDIT>news changed the situation, lookin bullish now, closed about prev supply on low vol, meanin that those sellers aren t there anymore {image} {image} {image}
I was watching EU too after AUDCAD took off with out me.

Yesterday's highest volume bar, those widespread up bars are usually bullish after a down move like we saw on Monday.

This wasn't a great trade though, I waited too long to enter. Should've entered on the 2nd 2 bar as well as I moved my stop up too quickly. Easy bet that price will want to at least tag the high of the widespread down bar from Monday.
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  • #35,322
  • Jan 5, 2022 11:56pm Jan 5, 2022 11:56pm
Can anyone explain me whats just happening with EURAUD today
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Learning is a never ending Journey
  • #35,323
  • Jan 6, 2022 12:27am Jan 6, 2022 12:27am
Quoting PranithR
Can anyone explain me whats just happening with EURAUD today {image}
First things first, get rid of the diamonds/arrows/bar labels they will only confuse and mislead you.

Second thing is that everyone on this thread is more than happy to help and offer advice, but you have to put in some effort. So explain to us what you see and then you can ask for other people's opinions on your chart and what they would do. If you really have no idea on what you're looking at then read the book Master the Markets, multiple times. I've personally read that book more 20 times. As well as reading this thread. I would pay close attention to posters like Malcolm, HiddenGap, Intel and Pres.
  • #35,324
  • Jan 6, 2022 1:07am Jan 6, 2022 1:07am
Quoting Anotan
{quote} First things first, get rid of the diamonds/arrows/bar labels they will only confuse and mislead you. Second thing is that everyone on this thread is more than happy to help and offeradvice, but you have to put in some effort. So explain to us what you see and then you can ask for other people's opinions on your chart and what they would do. If you really have no idea on what you're looking at then read the book Master the Markets, multiple times. I've personally read that book more...
Ok, thank you for the suggestions
Learning is a never ending Journey
  • #35,325
  • Jan 6, 2022 5:14am Jan 6, 2022 5:14am
Quoting Anotan
{quote} First things first, get rid of the diamonds/arrows/bar labels they will only confuse and mislead you. Second thing is that everyone on this thread is more than happy to help and offer advice, but you have to put in some effort. So explain to us what you see and then you can ask for other people's opinions on your chart and what they would do. If you really have no idea on what you're looking at then read the book Master the Markets, multiple times. I've personally read that book more...
@PranithR
trust me i was given the same advice when i started and tried to follow as such. received insightful analysis from HiddenGap, Anotan himself and others as well which played a vital role in grasping VSA. still learning though.
  • #35,326
  • Jan 6, 2022 6:26am Jan 6, 2022 6:26am
Quoting PranithR
Can anyone explain me whats just happening with EURAUD today {image}
Massive run-up during Asia, followed but what it most likely some sellers during LO as we have blown apart the ADR already.

3 options.

1. break zone low, entry for short at L or M
2. break zone high, entry for long at H or M
3. range sideways

I am learning more towards 1 but it won't happen until NYO.
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Today's zone = Tomorrow's opportunity!
  • #35,327
  • Jan 6, 2022 7:48am Jan 6, 2022 7:48am
Quoting pres78
{quote} Massive run-up during Asia, followed but what it most likely some sellers during LO as we have blown apart the ADR already. 3 options. 1. break zone low, entry for short at L or M 2. break zone high, entry for long at H or M 3. range sideways I am learning more towards 1 but it won't happen until NYO. {image}
Thank you
Learning is a never ending Journey
  • #35,328
  • Edited 8:27am Jan 6, 2022 7:55am | Edited 8:27am
Quoting pres78
{quote} Massive run-up during Asia, followed but what it most likely some sellers during LO as we have blown apart the ADR already. 3 options. 1. break zone low, entry for short at L or M 2. break zone high, entry for long at H or M 3. range sideways I am learning more towards 1 but it won't happen until NYO. {image}
I was watching EU today, looks like its finally setting itself up for a move south. I don't really want to baby sit a trade right now so I passed on the M15 2 bar into the 50%.

Edit - The 0% seems to be holding as support, looking like its risky to have a trade here. If anything would need to see the 0% broken and retested.
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  • #35,329
  • Jan 6, 2022 2:34pm Jan 6, 2022 2:34pm
PranithR

Here is another way for you to look at what happened to EURAUD

1430 pm NYC time massive volume and stopping action coming in on EUR currency (not pair) ... SOS

1430 pm NYC time AUD currency (not pair) .. upthrust and weakness and a general SOW everywhere .. SOW

You then follow the EURAUD pair upwards which reflects the above which were a series of successful tests

That is what caused the move

Currency SOS Currency SOW then the pair follows this move

This is what causes all pairs to move ... place your VSA knowledge over this fundamental currency movement and watch it unfold

HTH
  • #35,330
  • Jan 6, 2022 10:26pm Jan 6, 2022 10:26pm
Quoting PranithR
Can anyone explain me whats just happening with EURAUD today
I am confused by your question.

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The first thing I see when I look at your chart is what appears to be either a Demand Zone, a Support Area, an OrderBlock region, or a Liquidity pocket. If one of those is the case, then it would seem you were expecting the Market to react (find buyers) in or near the area in which it did just that.

So why are you so surprised?

Additionally, the Market made a Lower High followed by a High Low which signals a change in behavior. And it did it around the area where you were expecting it to do so.

Therefore, please clarify what it is you are asking.

With Respect to your indicators, they are correct and were telling you of the changes to come. That is a Selling Climax as it is identified. I believe ST stands for Test, and the bars marked ST are indeed Tests (both of which fail). The bar marked NS (I assume No Supply) is correct, although I personally wouldn't call it that because it fails to make a lower low and makes a higher high.

You don't have an indicator on the obvious Spring, but you should not be solely relying on programmed indications of strength and weakness to read a chart. In other words, you should be learning to read the chart.

BTW

If you had placed a Trigger Number Matrix on the Climatic Volume Bar and then gone down to the M5, you would have seen clear long entries.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,331
  • Jan 7, 2022 2:05am Jan 7, 2022 2:05am
Quoting HiddenGap
{quote} I am confused by your question. {image} The first thing I see when I look at your chart is what appears to be either a Demand Zone, a Support Area, an OrderBlock region, or a Liquidity pocket. If one of those is the case, then it would seem you were expecting the Market to react (find buyers) in or near the area in which it did just that. So why are you so surprised? Additionally, the Market made a Lower High followed by a High Low which signals a change in behavior. And it did it around the area where you were expecting it to do so. Therefore,...
This is an awesome analysis, made sense, thank you so much @HiddenGap.
That area was Orderblock Area
Learning is a never ending Journey
  • #35,332
  • Jan 7, 2022 3:33am Jan 7, 2022 3:33am
Hi,

Can someone Please give me the rules for all the VSA pattern,
i searched everywhere but i can't found a fixed rule, im planning to make a VSA indicator

example of rule that i need

(No demand : Narrow Spread , Volume less than 2 last volume )

i already started but im not sure of the rule i attached the indicator that i made for now MT5

of course i will share the final version of the indicator

many thanks for your help

PS : The indicator is working now only for REEL VOLUME pairs Like Bund etc not for Forex the final version i will add forex etc but need help thanks
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  • #35,333
  • Jan 7, 2022 7:05am Jan 7, 2022 7:05am
Quoting madboy4u3
Hi, Can someone Please give me the rules for all the VSA pattern, i searched everywhere but i can't found a fixed rule, im planning to make a VSA indicator example of rule that i need (No demand : Narrow Spread , Volume less than 2 last volume ) i already started but im not sure of the rule i attached the indicator that i made for now MT5 of course i will share the final version of the indicator many thanks for your help PS : The indicator is working now only for REEL VOLUME pairs Like Bund etc not for Forex the final version i will add forex etc...
Quoting Anotan
If you really have no idea on what you're looking at then read the book Master the Markets, multiple times. I've personally read that book more 20 times.
I would echo that; read Master the Markets first.

I am in favor of creating your own indications of the VSA principles. It really makes you think about what is going on and it causes you to make certain choices.

For example, I created an indicator for An Up Thrust, which defined it as an increasing range UP bar that makes a higher high, closes in the lower 25% of its range on increasing volume. (This turns out to be the basic TG definition as well). But some of the questions I had to ask myself were: (1) "why 25% and not 30%?', (2) "the bar needs to make a higher high than the previous bar, but does it need to make a higher high than the last 3 bars?", and

(3) "Can an Up Thrust come on decreasing volume?". The answer to this question might be yes, but then the question becomes, "Do you want a signal on it, or do you only want signals on the best examples?". Which of course leads you right back to "what constitutes the best example of an Up Thrust?"

So you can see how the process leads to a greater level of understanding. But if you haven't read the VSA Bible, you're putting the cart before the horse.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,334
  • Jan 7, 2022 8:36am Jan 7, 2022 8:36am
Quoting HiddenGap
{quote} {quote} I would echo that; read Master the Markets first. I am in favor of creating your own indications of the VSA principles. It really makes you think about what is going on and it causes you to make certain choices. For example, I created an indicator for An Up Thrust, which defined it as an increasing range UP bar that makes a higher high, closes in the lower 25% of its range on increasing volume. (This turns out to be the basic TG definition as well). But some of the questions I had to ask myself were: (1) "why 25% and not 30%?', (2)...
Good example for the up thrust, that was my problem which signal put or not , but I think the best way is whatever the name of there is a weakness or strengh a signal need to be spawn.

thank you very much it’s helped me a lot and you are right I need to read that book before anything
have a good day
  • #35,335
  • Jan 7, 2022 9:42am Jan 7, 2022 9:42am
Longs went wrong. I took it with trend and strength I think.

Market went down, I see a few strength signals, and I am waiting for a move up, then some test and probably entry.
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Daytrader
  • #35,336
  • Jan 7, 2022 10:29am Jan 7, 2022 10:29am
Quoting trezo
Longs went wrong. I took it with trend and strength I think. Market went down, I see a few strength signals, and I am waiting for a move up, then some test and probably entry. {image}
What went wrong?

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1 possible sign of strength though you normally get these at the end of a down move not an up move, from this temporary strength it goes up (possibly news)

2 upbar, closing off the high, clearly high volume hidden potential selling? what is the markets reaction next 2 bars are down must have been selling. Market then struggles to go up.

3 look at the volume on this bar compared to number 2, no strength at all, reaction from number 3 next bar down, that's weak.

4 where you have marked climatic, the close of the bar is at the bottom this is a weak bar. Number 5 confirms this.

5 market trying to go up on low volume.

Hope this helps.

HNY everyone
  • #35,337
  • Jan 7, 2022 10:35am Jan 7, 2022 10:35am
Quoting bandler
{quote} What went wrong? {image} 1 possible sign of strength though you normally get these at the end of a down move not an up move, from this temporary strength it goes up (possibly news) 2 upbar, closing off the high, clearly high volume hidden potential selling? what is the markets reaction next 2 bars are down must have been selling. Market then struggles to go up. 3 look at the volume on this bar compared to number 2, no strength at all, reaction from number 3 next bar down, that's weak. 4 where you have marked climatic, the close of...
Yeah, good explanation.

I was looking at this 2 marked bar, but it didn't stop me to take long. Also 3 marked bar I noticed it, but I thought one a little weakness sign should not stop up move...
And that stopped.

About this climatic 4 marked bar. I think there was a little buying ,because It was climatic wide spread, and then we got 2 upbars, but at end they went down.

Thank you for that.

Now I have long positions in game.

At the finish got profit, but I closed first longs, because I was a bit scared of this Trap Up Move after which I closed it.

But when I see they were not going down after this sow, I made re-entry and closed it on m5/m15 resistance.
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Daytrader
  • #35,338
  • Jan 7, 2022 11:44am Jan 7, 2022 11:44am
Quoting HiddenGap
{quote} {quote} I would echo that; read Master the Markets first. I am in favor of creating your own indications of the VSA principles. It really makes you think about what is going on and it causes you to make certain choices. For example, I created an indicator for An Up Thrust, which defined it as an increasing range UP bar that makes a higher high, closes in the lower 25% of its range on increasing volume. (This turns out to be the basic TG definition as well). But some of the questions I had to ask myself were: (1) "why 25% and not 30%?', (2)...
I think the way tradeguider gets round it is, there are 15 different types of upthrust, probably based on volume variations, different spreads and closes etc.

But sometimes it fails to label some of the most obvious ones
  • #35,339
  • Edited 6:54pm Jan 7, 2022 6:16pm | Edited 6:54pm
Can someone Tell Me the name of this vsa indicator?
https://www.forexfactory.com/attachm...1&d=1641529545
  • #35,340
  • Edited 7:48am Jan 8, 2022 7:28am | Edited 7:48am
Haii all, Hope you all enjoying your weekend.
Can anyone explain to me why the price is marked up from the highlighted area?
1. Where is the strength in the background
2. Is that a test or Two bar reversal before marking up of price.
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