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vsa with Malcolm

  • #35,761
  • Aug 10, 2022 7:29am Aug 10, 2022 7:29am
Quoting Cyberforex
Done 50 pips on EURUSD .... its not about showing only perfect trades its about reading the chart correctly ... {image}
TBH I wasn't referencing you, I was thinking about some of the other volume threads in the trading system to where you will never see a failed trade. Its an important skill set to be able to know how to recognize and respond to bad trades. But since people never show bad trades, that must be a worthless skill that traders don't need right?
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  • #35,762
  • Aug 10, 2022 7:42am Aug 10, 2022 7:42am
Quoting Anotan
{quote} TBH I wasn't referencing you, I was thinking about some of the other volume threads in the trading system to where you will never see a failed trade. Its an important skill set to be able to know how to recognize and respond to bad trades. But since people never show bad trades, that must be a worthless skill that traders don't need right? {image}
Mate, same to me i wasn't referencing you, i just want to say that trading is all about mastering the art of chart reading once we uderstand how to read the chart correctly especially we as VSA trader - recognizing the footprint of smart money activity ... then losing trade is very rare because we know where the SM will move the markets like my GOLD, EU, GBPUSD and other pairs trades today ... let me show you my GOLD trades even before news coming out we already know where the SM will move the market i just took 100 pips movement as my daily target for GOLD (total for GOLD 3x100 pips = 300 pips) .... even i didnt need to put SL at all no need for that because i was sure the only way is north .... thats the holy grail of trading ....
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  • #35,763
  • Aug 10, 2022 8:09am Aug 10, 2022 8:09am
Guys when people talk about vsa they talk a lot about particular patterns no demand, no supply, upthrust and so on but guys could you go on more detail about how to detect accumulated which I believe is the key to then apply specific patterns later on to go long or short
Thanks
Kind regards
  • #35,764
  • Aug 10, 2022 8:42am Aug 10, 2022 8:42am
Quoting Frag8383
Guys when people talk about vsa they talk a lot about particular patterns no demand, no supply, upthrust and so on but guys could you go on more detail about how to detect accumulated which I believe is the key to then apply specific patterns later on to go long or short Thanks Kind regards
Go to a gbpusd 1 hour chart, look at the wide spread downbar 15:00 GMT and notice the bowl shape through to the widespread news bar today

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  • #35,765
  • Aug 10, 2022 9:02am Aug 10, 2022 9:02am
Quoting Frag8383
Guys when people talk about vsa they talk a lot about particular patterns no demand, no supply, upthrust and so on but guys could you go on more detail about how to detect accumulated which I believe is the key to then apply specific patterns later on to go long or short Thanks Kind regards
Just out of mild curiosity, when you say patterns do you mean something like buy after stopping volume / shakeout / test? Or are you saying that the no demand bar is a pattern?

I've always been a reactionary trader so I can't help you. I think you maybe leaning more towards Wyckoff. Here's a reading list, I think read half of one of those books in that list, maybe method of tape reading? The book wasn't for me after they started getting into how to draw PnF charts.
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  • #35,766
  • Aug 10, 2022 9:15am Aug 10, 2022 9:15am
A nice youtube channel LTG Trading using Wyckoff Method :

https://www.youtube.com/channel/UCTY...Pr53Tpg/videos
  • #35,767
  • Aug 10, 2022 9:26am Aug 10, 2022 9:26am
Quoting Cyberforex
{quote} Mate, same to me i wasn't referencing you, i just want to say that trading is all about mastering the art of chart reading once we uderstand how to read the chart correctly especially we as VSA trader - recognizing the footprint of smart money activity ... then losing trade is very rare because we know where the SM will move the markets like my GOLD, EU, GBPUSD and other pairs trades today ... let me show you my GOLD trades even before news coming out we already know where the SM will move the market i just took 100 pips movement as my daily...
Hi can share your indicator about volume?
  • #35,768
  • Aug 10, 2022 9:29am Aug 10, 2022 9:29am
Quoting mmo1991
{quote} Hi can share your indicator about volume?
that is the simple volume indicator on MT4 :
insert - indicators - Volumes - Volumes

no need any additional indicator just reading the volume and price ... that should be enough ... thats all you need
  • #35,769
  • Edited 10:41am Aug 10, 2022 10:08am | Edited 10:41am
Quoting Anotan
{quote} Just out of mild curiosity, when you say patterns do you mean something like buy after stopping volume / shakeout / test? Or are you saying that the no demand bar is a pattern? I've always been a reactionary trader so I can't help you. I think you maybe leaning more towards Wyckoff. Here's a reading list, I think read half of one of those books in that list, maybe method of tape reading? The...
I was saying that no demand, no supply and so on are like candle patterns for VSA traders, then my question about accumulation is if people look at it in any specific way or like you mention buy after stopping volume / shakeout / test, or upthrust and then look for a no demand and so on.

Basically how people look at accumulation areas, if the go for the classical vsa signals upthrust/no demand and so on or they look for accumulation in a different way

Thanks
Kind Regards
  • #35,770
  • Edited 1:48am Aug 12, 2022 1:08am | Edited 1:48am
Hoping we see another trending day on the commodity pairs.

UCad

Yesterday we saw an UT which its sorta in the wrong place right? Today in Asia I saw that test into the high of that bad UT and closed my position. Next bar after the test was a good indication that the test was going to fail so I went back in. Lets see if today continues to push down, right now we are pushing lower than the HVC on that bad UT so maybe..

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Price finding a bit of support at the low. Responsible thing would be to either take some partials or close the position and wait to see if price continues to push down and re enter. I booked some nice profits today and my position is covered so I'll wait it out.

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  • #35,771
  • Edited 3:02am Aug 12, 2022 2:32am | Edited 3:02am
Nice little drop on EA.

My entry was pretty bad, I was watching the HVC on that bar with the yellow cross hairs. It took me a few hours to realize that price was responding the bar on the white cross hairs.

Basically you can see how yesterday during the London session EA was hit hard with supply and the gotcha bar was the nail in the coffin. Really you want to see the gotcha bar on very high volume. I'm hoping to catch some long term trends off these trades, we will see.

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Something I didn't talk about was EA daily. I've been banging my head against this pair for a few weeks now. I tried shorting this pair on Aug 3rd and again on Aug 8th both times price kept running my stop, but that was a big factor in looking for a long term trade. Always good to look at D1 chart even if you trade a M1 chart.

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  • #35,772
  • Aug 12, 2022 9:01am Aug 12, 2022 9:01am
I was wrong on UC, I knew it was an UT in the wrong place but I went anyways because of the failed test. It is what it is.



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This EA trade is funny really, tagged my entry and came off just as fast, this is trading nothing new having your stops run.

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  • #35,773
  • Aug 12, 2022 6:23pm Aug 12, 2022 6:23pm
Anotan, you are a good trader, i enjoyed every trades you post, but there are some mistakes in your analysis regarding recognizing the footprint of SM activity which lead to your trade fails not only this one but also from past trades too and also in trade management, actually i could give some advice how to avoid the same mistakes in the future ... but you ignore me ... why should i give advice to someone who ignores me? hahahaha ... maybe if there is second ignore buttom you will push the other one too if you read this ... just joking hahaha ... anyway i hope you could learn from your mistakes ... wish all the best ...

easy trade from GOLD
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  • #35,774
  • Aug 13, 2022 10:10am Aug 13, 2022 10:10am
Woof.

Speaking for myself, but @Cyberforex your posts/contributions aren't as insightful to others as you may think.

You show a winning trade but you don't touch on what you see in the market, you don't explain your reason for entering and you don't explain your reason for exiting. The fact that you aren't using a stop is also cause for concern.

Good luck w/ your trading, but please don't attack people that are actually sharing helpful content in the thread
  • #35,775
  • Aug 13, 2022 10:58am Aug 13, 2022 10:58am
Quoting Cyberforex
Anotan, you are a good trader, i enjoyed every trades you post, but there are some mistakes in your analysis regarding recognizing the footprint of SM activity which lead to your trade fails not only this one but also from past trades too and also in trade management, actually i could give some advice how to avoid the same mistakes in the future ... but you ignore me ... why should i give advice to someone who ignores me? hahahaha ... maybe if there is second ignore buttom you will push the other one too if you read this ... just joking hahaha ......
Hi Cyberforex,

I know that you are a nice guy, I have shared with you couple of private messages and although you were not willing to share anything about your strategy you were polite.

The problem is that on this thread everyone has been willing to help others even the more advance traders have been willing to explain over and over again questions that people have asked; many even have been willing to share their whole strategy.

I respect if you are not willing to share your strategy but it does not help to post amazing charts of how easy it is to enter and exit and then just mention. Look how easy it is. Well sorry for the rest of us is not easy. Is like saying to a blind person DONT YOU SEE, well guest what, he can’t, maybe if you guide him he can’t get to where he wants. That is exactly what you did with Anotan, "I like your trades but they are all wrong", look how easy it is. Well that is not precisely constructive criticism.

Maybe if you want to help people you could tell them what to look for. That does not mean that you have to disclose your whole strategy.

Anyway I hope that you all have a nice weekend

Thanks
Kind regards
  • #35,776
  • Aug 13, 2022 11:52am Aug 13, 2022 11:52am
@Macallik
@Frag8383
@Anotan

Yes, you are right, i realize its too much so sorry to Anotan and all people here. I like Anotan and his contribution in this forum and he is a good guy and people should learn from his trading definitly ... but i just saw the repeating mistakes regarding his analysis, which i would like to help actually if he doesnt ignore me ....

anyway sorry for disturbing this forum .... i will be off ... will be back if i want to

have a nice weekend ... wish all the best
  • #35,777
  • Aug 13, 2022 2:59pm Aug 13, 2022 2:59pm
Quoting Anotan
I was wrong on UC, I knew it was an UT in the wrong place but I went anyways because of the failed test. It is what it is.
*Obviously, context plays a role, but going short after seeing an UpThrust followed by a Failed Test, is something that should be done every day and twice on Sunday.

*One the Best traders on the Factory started a thread entitled something about trading with a single line. A must read for the VSAer.

*After reading his posts in this thread, I have spent many a jealous moment trying to learn from his brilliance.

*He doesn't have to post, but the community is better because he does.

Take a look at the screenshot below.

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This is a nice example of an UpThrust followed by a Test(Failed) that signals a great short opportunity.

I don't want to get into this here, but if you want to truly talk about Smart Money Concepts, the Value Rotation Trade is what a lot of the Smart Money actually do. If the Market finds acceptance above/below Value and then goes back into Value, more than 70% of the time, it trades all the way to the other side of Value.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,778
  • Aug 13, 2022 6:23pm Aug 13, 2022 6:23pm
Quoting HiddenGap
{quote} *Obviously, context plays a role, but going short after seeing an UpThrust followed by a Failed Test, is something that should be done every day and twice on Sunday. *One the Best traders on the Factory started a thread entitled something about trading with a single line. A must read for the VSAer. *After reading his posts in this thread, I have spent many a jealous moment trying to learn from his brilliance. *He doesn't have to post, but the community is better because he does. Take a look at the screenshot below. {image} This is a nice...
Hi Hidden Gap,

Nice to see you around,

Im a bit confuse about "Test" bars, or "Test Failed". Normally like in the chart you posted, after a UT we have to look for a no demand bar(like in your example), but many times instead of no demand you talk about Test.

Is the Test the same as a no demand bar or it can have many forms like:

No demand- classic definition
small spread and higher volume
Just have low volume and the spread does not matter
or simply and up bar followed by a down bar

There can be many combinations that is why Im confused because you can get lost in how to look at specific candles

Thanks
Kind Regards
  • #35,779
  • Aug 14, 2022 11:21am Aug 14, 2022 11:21am
Quoting Frag8383
. Normally like in the chart you posted, after a UT we have to look for a no demand bar(like in your example), but many times instead of no demand you talk about Test.
Let's start with this:

UpThrust: An UpThrust represents an interval where Sellers (or Supply) enters the Market. Typically, it is a wide spread UP bar that makes a higher high than the previous interval and closes near its low (or in the lower 25% of the bar's range).

Normally, we want to wait and see a No Demand back into the range of the UpThurst to confirm the weakness presented by the UpThrust. A No Demand would be a narrow range UP bar closing in the middle or low on volume less than the previous two intervals. What does that tell us? It tells us that where we once saw sellers enter the Market, we are now seeing a lack of buying interest. Thus confirming the weakness signaled by the UpThurst.

Now let's move to a Test. A Test is a narrow range DOWN bar that makes a lower low than the previous bar and closes on or near its high on volume less than the previous two bars. Note: there are high volumeTests, but they are beyond the scope of this discussion. Now here is the somewhat tricky part. A Test is looking for sellers (supply), but it "passes" when it finds none. Therefore, when a Test confirms with the next bar UP, that is a sign of strength. The Test "passed" as the move down did not induce more selling.

So when a Test Fails with the next bar DOWN, this is a strong sign of weakness. The Market tested for sellers (hoping to find none) and found them.

Looking at the example from my previous post.

1. Sellers (supply) enters the Market on the UpThrust.
2. There is an immediate (1-5 intervals later) Test.
3. What is being "tested" ? The Market is testing for more sellers. Was the previous UpThrust a sign of serious weakness or has the supply already been absorbed?
4. The next interval is DOWN, signaling a Failed Test. There are more sellers (Supply) in the market. Remember, the Market is looking for sellers (Supply), but doesn't actually want to find them.

Synopsis:

No Demand (confirmed): The Smart Money is not interested in higher prices. This is a SOW.

Test (confirmed): The Smart Money moved price down to induce more selling, but there was none. This is the result they actually want to see. This is a SOS.

Test (Failed): The Smart Money moved price down to induce more selling, and it did. This is not the result they actually want to see. This is a SOW.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #35,780
  • Aug 14, 2022 12:25pm Aug 14, 2022 12:25pm
Quoting HiddenGap
{quote} *Obviously, context plays a role, but going short after seeing an UpThrust followed by a Failed Test, is something that should be done every day and twice on Sunday. *One the Best traders on the Factory started a thread entitled something about trading with a single line. A must read for the VSAer. *After reading his posts in this thread, I have spent many a jealous moment trying to learn from his brilliance. *He doesn't have to post, but the community is better because he does. Take a look at the screenshot below. {image} This is a nice...
Thanks for the explanation, as always superb.
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