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vsa with Malcolm

  • #35,741
  • Jul 25, 2022 6:45am Jul 25, 2022 6:45am
Appreciate you sharing the trade. Can you elaborate on your entry? I see it's a successful trade but I don't quite understand the rationale behind the entry unless the chart you shared is not the chart you used for your entry? I see some absorption in the bar prior to your entry but I don't see any low volume/testing (which AFAIK is the typical/ideal VSA pre-entry price action)
  • #35,742
  • Jul 25, 2022 8:05am Jul 25, 2022 8:05am
Quoting Cyberforex
KISS ... easy trade for VSA trader EURUSD 50 pips ... actually i want off posting my trade for a while but then i think our fellow trader here maybe could learn something from this entry therefore i put it here ... enjoy .... {image}
Just took a very similar trade in Cable.

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Been spending a lot of time on YouTube watching videos from "The Pit Trading". Still trying to figure out how to connect to Apex.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,743
  • Jul 25, 2022 7:30pm Jul 25, 2022 7:30pm
Quoting Macallik
Appreciate you sharing the trade. Can you elaborate on your entry? I see it's a successful trade but I don't quite understand the rationale behind the entry unless the chart you shared is not the chart you used for your entry? I see some absorption in the bar prior to your entry but I don't see any low volume/testing (which AFAIK is the typical/ideal VSA pre-entry price action)
It is so obvious that smart money is not interested to bring the price down, dont think too complicated Mate, think simple, trading is easy, but off course it is not the only this downbar on low volume for the decision to take buy entry, you have to consider the footprint of SM in the background ... this down bar is just a confirmation of SM activity in the BG.
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  • #35,744
  • Jul 25, 2022 10:57pm Jul 25, 2022 10:57pm
Quoting HiddenGap
{quote} ... Been spending a lot of time on YouTube watching videos from "The Pit Trading"...
Judging by the symbol on your charts, it looks like spot forex. The orderflow/delta, is that still based on 6B futures data?

If that is futures, thats impressive you were able to overlay futures data on a spot forex chart.
  • #35,745
  • Jul 26, 2022 6:53am Jul 26, 2022 6:53am
Quoting Anotan
{quote} Judging by the symbol on your charts, it looks like spot forex. The orderflow/delta, is that still based on 6B futures data? If that is futures, thats impressive you were able to overlay futures data on a spot forex chart.
It's all FXCM spot data available free with Sierra Chart (which is not free).

And therein lies one of my issues: Trade through APEX or some other futures prop firm that can connect to Sierra Chart or, trade through MFF and trade spot but I wouldn't be able to trade directly from my charts.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,746
  • Jul 26, 2022 1:54pm Jul 26, 2022 1:54pm
Quoting HiddenGap
{quote} It's all FXCM spot data available free with Sierra Chart (which is not free). And therein lies one of my issues: Trade through APEX or some other futures prop firm that can connect to Sierra Chart or, trade through MFF and trade spot but I wouldn't be able to trade directly from my charts.
Potential solution to your problem if you want to copy trades from Sierra onto your MFF Metatrader platform.

https://aimfx.io/
  • #35,747
  • Jul 26, 2022 4:19pm Jul 26, 2022 4:19pm
Hi guys,

Question, al lot is talk about entries and volume zones and so on but what about exits.

I find exits harder than entries, how do you guys exit? contrary vsa signal? targets? support resistance? Or any other way

I will appreciate the input, my problem is that I'm very greedy and is hurting me, mentally when trading and money wise when trading. Im considering on getting out with targets like previous highs and lows but I will like peoples input and how they do it

Thanks
Kind regards
  • #35,748
  • Jul 26, 2022 7:52pm Jul 26, 2022 7:52pm
Quoting Paulscaff1
{quote} Potential solution to your problem if you want to copy trades from Sierra onto your MFF Metatrader platform. https://aimfx.io/
Thank you for the suggestion. I hadn't thought of this. But it still raises my main concern: the data on my platform (Sierra Chart with FXCM) will be different than the data on MFF's MT4.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,749
  • Edited 11:15pm Jul 26, 2022 10:18pm | Edited 11:15pm
Quoting Frag8383
Question, al lot is talk about entries and volume zones and so on but what about exits..
Sounds like you're trying to pick tops and bottoms for your exits which is more or less trying to predict the future, it won't end well for you.

You need to figure out what your goals are and build on that, you have two options.

Option 1 : Consistent money to where you're pulling money out of the market most days. If you're looking for this then get in the habit of constantly taking partial profits and trailing your stop.

Pros: Depending on your skill set, its possible to pull money out of the market 4 out of 5 days a week.

Cons: Lower RR, you'll need a higher win rate and you'll have less room for mistakes.

Option 2 : Big money to where you're trying to make the most out of trades. With this get your stops to BE and let the market do the rest, you have to be comfortable with giving your potential earnings back to the market, I.E. Break even trades.

Pros: Bigger RRs, more room for mistakes and you should make significantly more money at the end of the year. Especially if you realize that your trade is in an aggressive trend, if you can do that then from there all you do is look to add to it on pull backs. Think JPY this year.

Cons: There will be months where you will hardly make any money, markets will grind sideways for weeks or months, pay attention to daily charts if you see price grinding sideways tighten your TPs.

I still use this, which is based on S/R. The bar that you fib can be anything you want.. Previous day's highest volume H1 bar, the current sessions H1 bar or the most recent climatic volume bar on the time frame of your entry.

That method if you think about it works for both options. If you're looking for consistent profits the S/R tend to be tighter around the entry which allows for quick partials and an easy way to trail. For big money the distance between S/R get bigger as price moves away from the entry, allowing for larger targets if you're looking to let your trades run.
  • #35,750
  • Jul 27, 2022 2:18pm Jul 27, 2022 2:18pm
After an exhausting ranging day in anticipation of news. Finally got the move :-) 300+Pips
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Holy Grail - Patience and Acceptance
  • #35,751
  • Jul 28, 2022 4:56am Jul 28, 2022 4:56am
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}
and lets not forget that in forex, there are technically two volume's. There are filled orders, but obviously the real vol is the tick vol, the bids and offers, most of which dont fill, or most of which are IOC orders.
  • #35,752
  • Aug 1, 2022 5:06pm Aug 1, 2022 5:06pm
Completed E8funding trial in 1 Day.
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Holy Grail - Patience and Acceptance
  • #35,753
  • Aug 2, 2022 8:54pm Aug 2, 2022 8:54pm
Quoting rmrf
{quote} and lets not forget that in forex, there are technically two volume's. There are filled orders, but obviously the real vol is the tick vol, the bids and offers, most of which dont fill, or most of which are IOC orders.
The only real volume is Executed markets orders which we can measure directly from Future Markets. Tick volume is more a reading about tick activity rather than volume - but if it works for you whatever.
Trading thin liquidity at the boundary of the charts
  • #35,754
  • Aug 2, 2022 11:21pm Aug 2, 2022 11:21pm
Really nice drop on CJ today during Asia.

Supply hits during the opening hours which knocked the market side ways, A little up thrust which price ignores then a ND UT. I shorted a failed test.

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I don't want to be that trader who only shows perfect trades, so here is my only loss so far this week. On Monday, I shorted UC and handled it terribly. Supply hits during the opening hours with a 2 bar reversal. Price drops a bit with a shakeout, which with weakness behind the shakeout price shouldn't respond to it. I was aggressive with my entry by anticipating a failed test and price pretty much went against me and I closed the trade as price started dropping again. It could've been a profitable trade if I had held it longer, it is what it is.. I never claimed to be a perfect trader.

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As far as yesterday's trades, I was playing AJ longs both before and after the rate announcement. I made money on them but they were counter trend and crazy dangerous so I'll opt out of showing them.
  • #35,755
  • Aug 4, 2022 5:01pm Aug 4, 2022 5:01pm
Quoting Anotan
Really nice drop on CJ today during Asia. Supply hits during the opening hours which knocked the market side ways, A little up thrust which price ignores then a ND UT. I shorted a failed test. {image} I don't want to be that trader who only shows perfect trades, so here is my only loss so far this week. On Monday, I shorted UC and handled it terribly. Supply hits during the opening hours with a 2 bar reversal. Price drops a bit with a shakeout, which with weakness behind the shakeout price shouldn't respond to it. I was aggressive with my entry...
this volume price real?
  • #35,756
  • Aug 4, 2022 5:23pm Aug 4, 2022 5:23pm
Quoting cadap72509
{quote} this volume price real?
this is tick volume
Daytrader
  • #35,757
  • Aug 5, 2022 4:54am Aug 5, 2022 4:54am
Quoting cadap72509
{quote} this volume price real?
Not real volume, its tick volume. Tick volume measures how much price ticks up and down, the more volume (trades) that come in the more price will tick. Honestly most of the time there won't be a huge difference between tick volume and futures volume.

For VSA you don't need precise figures, just need to know where the heavy volume is as well as where the lack of volume is. Here is a link to the book Master the Markets by Tom Williams which is given away for free by TraderGuider.

Little AJ short today pre NFP. Slow day so far, markets must be waiting for the news. A lot of times you can catch a nice move during the Asia session on NFP but almost never worth trading London IMO.

Also I didn't notate it on the chart, but you can see how that no demand is into the high of the climatic selling. That high is going to act as resistance and price isn't likely to break that high with any kind of bullish intent on low volume. Price did drift above that high but no serious bulls were interested in higher prices.
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  • #35,758
  • Aug 7, 2022 9:10pm Aug 7, 2022 9:10pm
AUDUSD 5 min.

SL moved to just below breakeven. Will trail below pivots. Looking for a retest of the breakdown candle.

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  • #35,759
  • Aug 8, 2022 2:06am Aug 8, 2022 2:06am
Quoting Takeprofits
AUDUSD 5 min. SL moved to just below breakeven. Will trail below pivots. Looking for a retest of the breakdown candle. {image}
Trade exited at profit target 0.69500. Liquidity vacuum was a doozy.
  • #35,760
  • Aug 9, 2022 4:00am Aug 9, 2022 4:00am
Done 50 pips on EURUSD .... its not about showing only perfect trades its about reading the chart correctly ...
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