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vsa with Malcolm

  • #35,541
  • Feb 28, 2022 12:10am Feb 28, 2022 12:10am
Quoting Cyberforex
I can only agree with you Anotan, as VSA trader we shouldn't look GAP as the reason of the movement. There are a lot of Gaps which not get filled. The reason for my entry is based on VSA, even without Gap I would took the position. You are right the Gap is not the reason. I saw just the possible retracement to the Gap based on my VSA understanding.
I'm sorry I wasn't trying to criticize your trade, I know you can hold your own and that you took it because supply hit the high of the selling climax.

My post was more because you mentioned gaps and when I saw the EU chart, my first thought was I bet traders are blindly buying these gaps. Which right now EU is climbing off that H1 no supply.
  • #35,542
  • Feb 28, 2022 1:12am Feb 28, 2022 1:12am
Don't worry Anotan, any advice from Master trader like you is always welcome ....
  • #35,543
  • Edited 2:52am Feb 28, 2022 2:25am | Edited 2:52am
EU short.

I've been eye balling that ND UT that formed today during Asia, right into the close of the odd volume on Feb 24th. There was a failed test on M15 for entry.

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UCAD long as well, both of these trades should run 100+ pips. On UCAD there was some healthy volume pushing up through a HVC which price rallied then came down to test the volume one last time.

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  • #35,544
  • Edited 4:08am Feb 28, 2022 3:14am | Edited 4:08am
Quoting Anotan
EU short. I've been eye balling that ND UT that formed today during Asia, right into the close of the odd volume on Feb 24th. There was a failed test on M15 for entry. {image} UCAD long as well, both of these trades should run 100+ pips. On UCAD there was some healthy volume pushing up through a HVC which price rallied then came down to test the volume one last time. {image}
UCAD was taken out, EU is holding for now..

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Closed EU at -4 pips, price looks like its testing out.

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  • #35,545
  • Feb 28, 2022 5:16am Feb 28, 2022 5:16am
Second Entry got the target 190 pips, so 100 + 190 pips = 290 pips. The price moved as predicted closing GAP then up (GAP is not the reason for taking position), no position right now still waiting for a good opportunity ....

Happy trading guys
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  • #35,546
  • Feb 28, 2022 7:22am Feb 28, 2022 7:22am
Ok lets try with buy USDCAD .... i may be wrong ... wish me luck

I see there is a trader from Russia viewing our thread (Alexdedov) ... welcome to our thread ... please say to Putin to retreat from Ukraine ... i dont want to have nuclear war and WW3 ...
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  • #35,547
  • Edited 8:07am Feb 28, 2022 7:42am | Edited 8:07am
I got one question.
If a wide range bar takes previous lows with the healthy volume we call it absorption, and look for shorts
But ICT teaches there will be sell side liquidity (limits and stops) at old lows Price takes those liquidity and makes bullish order block then Fair value gap and goes up.
How can be these two theories interlinked?
Learning is a never ending Journey
  • #35,548
  • Feb 28, 2022 8:30am Feb 28, 2022 8:30am
Here's my post in another thread that may be of interest here.

" Most people who use variations of Tom Williams's VSA concentrate on Volumes. I concentrate on Spreads in conjunctionwith Levels and volume

Here, the first is a Sell swing of 100pts, the second is a Buy for 50+, the third a Sell for 50+ and the last a Buy for a swing of 75+

Each one is a WRB at a level and without any follow thru.......

Stay Green "

I would also add that to trade profitably, IMO, it is essential to KNOW the contract you are trading IN DEPTH. Trying to watch a basket of multiple contracts and cherry pick what you think will be the most profitable one to trade is a hard way to put green pips in your bank.

Now NYO tells me it is time to trade Nas again
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Trading Levels with WRBs
  • #35,549
  • Edited 11:28am Feb 28, 2022 9:10am | Edited 11:28am
Quoting PranithR
I got one question. If a wide range bar takes previous lows with the healthy volume we call it absorption, and look for shorts But ICT teaches there will be sell side liquidity (limits and stops) at old lows Price takes those liquidity and makes bullish order block then Fair value gap and goes up. How can be these two theories interlinked?
Its about the follow through/confirmation.

If you see absorbtion/pushing through support, you would still need confirmation of sow to go short, and vice versa to go long.

That wide range down bar that your on about could simply be Bar 1, of a 2 bar reversal, and could then rally. In amongst that you might find your ICT setup.

If your anticipating that a certain level should hold or break then that would likely come from a higher timeframe narrative.

Are you talking about a particular chart?

P.S ICT would probably say that all the different trading methods I.E VSA, Wyckoff, Harmonics, Indicators etc, will all be in disagreement with each other, hence the reason why it can be confusing to mix the two methods.

And also that the market isnt moved by supply and demand, traders buying and selling etc. He reckons it moves by a central bank algorithm that consistently creates and draws to liquidity.

For me personally the only vsa ive been using recently has been to confirm my entry, I.E an upthrust/ND to go short, or a test/ns to go long.
  • #35,550
  • Feb 28, 2022 9:16am Feb 28, 2022 9:16am
Nah mate, just popup in my mind today, while reading Phillips's book
Learning is a never ending Journey
  • #35,551
  • Feb 28, 2022 12:11pm Feb 28, 2022 12:11pm
Quoting Paulscaff1
{quote} Its about the follow through/confirmation. If you see absorbtion/pushing through support, you would still need confirmation of sow to go short, and vice versa to go long. That wide range down bar that your on about could simply be Bar 1, of a 2 bar reversal, and could then rally. In amongst that you might find your ICT setup. If your anticipating that a certain level should hold or break then that would likely come from a higher timeframe narrative. Are you talking about a particular chart? P.S ICT would probably say that all the different...
I think tha the agurment about a central bank algorithm is completely bullocks, I do believe that prices are drawn to liquidity since banks can see were liquidity lies but that does not mean that is a central algorithem. That is juts my opinion, I can not imagin a guy from Goldman calling a guy from JP Morgan or any other bank saying "dude I forgot the password of the central algo, send it to me again"hahahaha

I do consider many other ICT points very valid

Kind regards
  • #35,552
  • Feb 28, 2022 2:35pm Feb 28, 2022 2:35pm
Whats up guys ?
Daytrader
  • #35,553
  • Feb 28, 2022 3:45pm Feb 28, 2022 3:45pm
Thoughts on AUDUSD long? as a safe haven?
  • #35,554
  • Edited 7:08pm Feb 28, 2022 5:49pm | Edited 7:08pm
[quote=Frag8383;13914699]{quote}I can not imagin a guy from Goldman calling a guy from JP Morgan or any other bank saying "dude I forgot the password of the central algo, send it to me again"(/quote]

(Sorry, I keep messing up the quotes)

I dont think it works like that mate

Goldman and Morgan are further down the heirarchy and dont have any affect on the way price is delivered (as far as i know).

For me personally im happy to be flexible about whos side I take and just base my opinion on the information and arguments that are presented, and as far as I can tell ICT has spoke about it for absolutely hours on end, so I would say he wins the debate on that regard, just based on how much information is presented.

Plus the argument for IPDA (Interbank Price Delivery Algorithm) kind of makes sense to me, plus ICTs concepts are based on the patterned (or algorithmic) way that price happens to be delivered, I.E market symmetry, measured moves, imbalance and rebalance, orderflow etc.

But to be fair.....im happy to change my mind to other theories......but they would have to present a good enough argument to the debate.
  • #35,555
  • Mar 1, 2022 2:37am Mar 1, 2022 2:37am
GM, thank yo for the "Likes" its always nice to know that your posts are being read and agreed with, especially from you Guys
Trading Levels with WRBs
  • #35,556
  • Mar 1, 2022 2:52am Mar 1, 2022 2:52am
well it doesnt work well yesterday with USDCAD i closed manually with loss .... but no problem its still more than 200 pips from other asset. Its nice to be on the wrong side because you can learn from mistakes, the good thing is if you trade pair because of the volatility its normally just under 50 pips.

it doesnt matter i just got 100 pips from GOLD ... well we can not win all the time, but more important more winner then losser, keep the account growing, that matters most ... i dont know where the GOLD will go maybe continue to the top .... lets see .. i may be wrong
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  • #35,557
  • Mar 1, 2022 9:05am Mar 1, 2022 9:05am
Got another 100 pips on GOLD (2. entry) so total 200 pips trading in direction of my prediction .... lucky for me exactly at top closed before news ....
enough for today .... happy trading guys ...
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  • #35,558
  • Mar 1, 2022 9:50am Mar 1, 2022 9:50am
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1 weakness came in

2 series of lower highs

3 price retraced, no demand vol lower than previous 2
  • #35,559
  • Mar 1, 2022 6:36pm Mar 1, 2022 6:36pm
Quoting bandler
{image}1 weakness came in 2 series of lower highs 3 price retraced, no demand vol lower than previous 2
No 3 by my broker is higher volume (pepperstone) .... where do you get data feed? i checked by tradingview was also higher volume (FXCM).

Thats sometimes the problematic by VSA different volume feed from broker to broker .... if VSA trader saw your pic the entry no 3 is clear otherwise keep looking for the next possible opportunity
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  • #35,560
  • Mar 2, 2022 2:41am Mar 2, 2022 2:41am
Quoting Cyberforex
{quote} No 3 by my broker is higher volume (pepperstone) .... where do you get data feed? i checked by tradingview was also higher volume (FXCM). Thats sometimes the problematic by VSA different volume feed from broker to broker .... if VSA trader saw your pic the entry no 3 is clear otherwise keep looking for the next possible opportunity {image} {image}
I'm using gbpusd oanda chart, with standard volume, and a 10 ma on the Volume.

I did use fxcm chart but found discrepancies that I didn't like, though, looking at your fxcm chart, the volume on that bar is higher than the previous 2, and look at the volume on the large upbar just before, in relation to the spread, that to me would be entry
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