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vsa with Malcolm

  • #35,701
  • Jun 25, 2022 3:32pm Jun 25, 2022 3:32pm
Good weekly VSA breakdown of the major futures markets. Before he would just have text pointing things out, but now he talks through what he sees in the charts:
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  • #35,702
  • Edited 4:00am Jul 2, 2022 3:37am | Edited 4:00am
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BTC, hrly background bearish with nice weakness that came in yesterday and i d assume profit taking(cos i doubt that SM will position themselfs long or short late on a friday). i waited for the hrly candle to close back inside the range to confirm the fake break of Asia low, then looking on the 5m chart i saw a small accumulation taking place with the nice spring to end it and potentially marking up price(retracement to hrly fib). took the long on the low volume break of that previous resistance as there wasn t an AR, and the NS that apeared was a bit to early cos the hrly candle hadn t closed yet. my target would be the 618 fib from high to low, and ofc managing the trade along the way according to the volume that comes in. it s countertrend trade and on a saturday but on a 24/7 market.
Edit> as they are trying to mark price up, some sellers showed up at previous resistance, but considering the vol of the lows and just for this 5m small accumulation, in my opinion that could cause them to wait, maybe reaccumulate and test for sellers again at that area. ofc this is only my view and opinion, but it s good practice.
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  • #35,703
  • Jul 3, 2022 3:28am Jul 3, 2022 3:28am
BTC, again, they took out the lows from yesterday, strenght, 5m shows buying came in but really the 1m confirms the buying going on of the lows and low vol of the high. 14ema test, called that the AR, long trade on the low vol break of the AR, caught it when it was retracing(testing). 1hr background still bearish, but some buying needs to come in to give that retracement. first TP or area to watch would be previos highs, and after that if not much selling comes in, hrly 618.
i tried lately some of the others concepts that have been flooding the internet lately with the so called SM technique and so on, but i ve come to the conclusion that there s nothing new under the sun, and it s mostly market structure trading. to me, still VSA is the most reliable and consistent aproach, it all comes down to how u read the chart(discretion part), as the market only does 2 things> trends or ranges, but even those are almost never identical, so i guess that s the reason why most mechanical systems go down the drain eventually. or atleast that s my conclusion ofc, some may argue it s not so but in the end the results are what matter most.
last week gave some really nice clean setups.
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  • #35,704
  • Edited 4:51am Jul 4, 2022 1:19am | Edited 4:51am
CHFJPY, looking for a low vol pullback to get in short. i consider that high vol on friday profit taking plus there were news. 5m looks good, AR break on rather low vol, 1m confirms the weakness, all i need is a low vol pullback..or a high vol pullback rejection, either are fine
Edit> just went short swiss franc on ND after testing the last high vol bar again
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  • #35,705
  • Jul 4, 2022 1:46am Jul 4, 2022 1:46am
went long just now USDCHF, drw a small 5m fib and placed my stop 5 pips below that in case it retraces..it s gamble with it beeing the 4th of july today but, risk is cut in half, also cos it s Monday.
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  • #35,706
  • Edited 4:34am Jul 5, 2022 4:23am | Edited 4:34am
USDCHF was a BE trade and took a loss on CHFJPY.
UJ long, only trade so far today, almost forgot to post/ HR background bullish(low vol at the top, retracement, 5m double bottom strenght, AR break on low vol and low vol test of the AR, NS confirmed at candle closed i went long.
EDIT> some weakness showed up, checked with the 1m also and the vol hit from the high so weakness confirmed, moved SL to BE, didn t took any partials yet, from 2r and above i m looking to scale out to maintain some risk reward
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  • #35,707
  • Jul 9, 2022 11:05am Jul 9, 2022 11:05am
Quoting 1odi
... i tried lately some of the others concepts that have been flooding the internet lately with the so called SM technique and so on, but i ve come to the conclusion that there s nothing new under the sun, and it s mostly market structure trading. to me, still VSA is the most reliable and consistent approach, it all comes down to how u read the chart(discretion part)......Emphasis Added
I too recently fell victim to the siren's song of of SM techniques that abound on YouTube. I've concluded that no technique can truly understand what the Smart Money is doing, if the technique doesn't look at volume.


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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,708
  • Jul 10, 2022 4:53am Jul 10, 2022 4:53am
Quoting HiddenGap
{quote} I too recently fell victim to the siren's song of of SM techniques that abound on YouTube. I've concluded that no technique can truly understand what the Smart Money is doing, if the technique doesn't look at volume. {image} {image}
Im sure we can find a 22 model entry in there somewhere.....
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  • #35,709
  • Jul 10, 2022 7:09am Jul 10, 2022 7:09am
Quoting Paulscaff1
{quote} Im sure we can find a 22 model entry in there somewhere..... {image}
i m guessing ur beeing sarcastic, but i really liked the stop hunt aproach, which is based on market structure beeing broken after some highs or lows have ben sweeped.
i ve tested it for a while without higher tmf analisys and with. it does work and it doesn t. meaning if u do a top down aproach and look for that specific pattern at areas of interest like a double top or a fib u could have success in the long term(i m guessing cos i didn t forward test more then 50 to 75 trades. what i ve found is even if the setup looks perfect, but there isn t volume weakness or strenght it will most likely fail. or u get the setup, but on the break of structure u get high volume going against the pattern and so on. it s like with every strategy outhere imho. sometime u win sometimes u don t, regardless of how good the setup looks. but there are 2 many variables. meaning i can t point the finger at a specific thing and say that s why this setup failed. and if u trade it say only from 15m chart, u can have a string of losses that are tough to endure. i still trade this pattern if it shows up in my area of interest and volume backs it up, but that s about it. after a few years of only trading day in and day out and starring at charts, i think that it s all about money management and keeping a level mind while in the trade.managing the emotions is 1 of the biggest hurdles imo. every strategy and every perfect setup fails at some point. but the tough part is to manage and keep the dollar u just made. heck, there are traders making money with macd crosses// but they are capable of enduring those losses and sticking to the management plan. so i guess it s all down to the trader and his/hers way of trading style. again, this is only my opinion.
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  • #35,710
  • Jul 12, 2022 4:33pm Jul 12, 2022 4:33pm
Hello Again everyone :-)

i was wondering if any one, specially Pres78, HiddenGap or Malcolm can help me with this question,
Marked with red lines is the highest volume support area from Last week of Feb 2022 and 1st week of Mar-2020,
rest is in the image, we have accumulation, distribution, markup and distribution,
what exactly is happening since 5 weeks on such UHV bars
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Holy Grail - Patience and Acceptance
  • #35,711
  • Jul 15, 2022 6:45am Jul 15, 2022 6:45am
Quoting bluesoul
Hello Again everyone :-) i was wondering if any one...
2 out of 3 people you mentioned aren't active anymore.

Your volume doesn't look right, I bet that your broker probably changed something that made the tick volume go out of whack, give it a few weeks and it will go back to looking normal. Happens from time to time on my broker.

Here is a screenshot from Tradingview with Oanda: Shows price dropping on decreasing volume.

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Here is another from ICMarkets demo account which also shows price dropping on decreasing volume, ICmarkets volume IMO is probably the most accurate. But you can see the weeks prior price was falling on decreasing volume and this week as we pushed minor support, price marked though it with increasing volume showing sellers stepped into push price lower. Bears still in play till price reaches major support at the lows of 1682.5.

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  • #35,712
  • Jul 15, 2022 7:10am Jul 15, 2022 7:10am
Couple of trades today, I usually trade Asia and London and look to close things down during US. Today Asia was very bland.

Lets start out with my dumb trade, this was a lazy trade. The commodity pairs have been trending like crazy, this entire week was easy money selling AU and buying UC so today when I started trading I was already biased towards UC longs and AU shorts.

This UC long, weakness came in, but to me it didn't seem like sellers were interested as price fell below the climatic weakness. So I bought a wide spread down bar on low volume. I realized I was wrong when a ND printed and closed the trade for a loss.

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Small win on UJ, Weakness hit the market, notice the upper wick on that down bar with climatic volume. Selling interest came in as price pushed lower and I sold a wide spread up bar on low volume.

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  • #35,713
  • Jul 15, 2022 5:52pm Jul 15, 2022 5:52pm
Quoting Anotan
{quote} 2 out of 3 people you mentioned aren't active anymore. Your volume doesn't look right, I bet that your broker probably changed something that made the tick volume go out of whack, give it a few weeks and it will go back to looking normal. Happens from time to time on my broker. Here is a screenshot from Tradingview with Oanda: Shows price dropping on decreasing volume. {image} Here is another from ICMarkets demo account which also shows price dropping on decreasing volume, ICmarkets volume IMO is probably the most accurate. But you can see...
Thanks Anotan,
I checked on other broker, its exactly as you mentioned.
Holy Grail - Patience and Acceptance
  • #35,714
  • Edited 10:27am Jul 18, 2022 12:25am | Edited 10:27am
just visited my old lovely thread ... one of my trade pair today EURUSD sell 2x20 = 40 pips and buy 50 pips total 90 pips ... not for show off ... just for the people who are interested for learning the entry point based on VSA ... follow the wave ...

update : another entries for EURUSD 3x50 pips = 150 pips so total 240 pips, i would like to share another pair traded like GBPUSD, EURJPY, GBPJPY but i'm afraid someone will think i'm spamming this thread ... but EURUSD entries were nice trade samples for someone who is willing to take a little time to analyse based on VSA and definitely will learn from it.

Ok happy trading guys ... keep this thread alive guys ....
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  • #35,715
  • Jul 18, 2022 1:08am Jul 18, 2022 1:08am
VSA CHART READING MASTER CLASS

nice youtube channel for VSA Trader :

shorturl.at/hst12
  • #35,716
  • Jul 18, 2022 3:21pm Jul 18, 2022 3:21pm
Quoting Cyberforex
just visited my old lovely thread ... one of my trade pair today EURUSD sell 2x20 = 40 pips and buy 50 pips total 90 pips ... not for show off ... just for the people who are interested for learning the entry point based on VSA ... follow the wave ... update : another entries for EURUSD 3x50 pips = 150 pips so total 240 pips, i would like to share another pair traded like GBPUSD, EURJPY, GBPJPY but i'm afraid someone will think i'm spamming this thread ... but EURUSD entries were nice trade samples for someone who is willing to take a little...
Very nice trading but could you explain more about the trades what you saw at the moment why you entered and so on

thanks
kind regards
  • #35,717
  • Edited 9:17pm Jul 18, 2022 7:14pm | Edited 9:17pm
Quoting Frag8383
{quote} Very nice trading but could you explain more about the trades what you saw at the moment why you entered and so on thanks kind regards
so this is my short explanation what i saw and what i thought as i took the trade ... sorry guys i will be idle again ... will be back to share if i want to ... guys take the opportunity right now crisis time is best time to trade ... clear signal all over place ... high volatility nice movement ... trading at best.

happy trading
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  • #35,718
  • Edited 11:06pm Jul 18, 2022 10:51pm | Edited 11:06pm
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took a loss, forgot to check news, and there was high impact pound few mints ago.. happens.. but still looks like a stop hunt
  • #35,719
  • Jul 19, 2022 12:18am Jul 19, 2022 12:18am
Quoting 1odi
{image}{image}took a loss, forgot to check news, and there was high impact pound few mints ago.. happens.. but still looks like a stop hunt
I always liked using trapped sellers as a place to put my initial stop loss, after I've taken a partial then moving my stop up and put in below the previous SoS. Markets usually don't let trapped sellers, in this case, out of their bad positions easily.

That up thrust at 07:00, you know there are some trapped sellers there.
  • #35,720
  • Jul 19, 2022 12:27am Jul 19, 2022 12:27am
yep, hrly background still bullish imo ofcourse, 5m looking good. they used news to shake out people, had i ve been a bit more awake i could ve taken advantange of that, but hey, no1 s perfect, and losses will happen anyway for 1 reason or the other. still looking on a low vol pullback to get in long, or some SOS to target previous hrly highs. EJ also looking good at the moment.
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