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vsa with Malcolm

  • #36,081
  • Aug 17, 2023 10:59am Aug 17, 2023 10:59am
Quoting Anotan
{quote} Yeah I'm doing good pretty good, just bored at the moment. I've been trading full time since the end of 2020. I took a lot of crazy risks in during the pandemic and it paid out well. I think at the beginning of 2020 I had 28k in my trading accou
From 28 k to a 1m in a year. I understand that is trading vsa or what you understood at that point since I have seen that over time you have been mading adjustments.

How much did you risk per trade to reach 1m

Impressive and congrats you have a achieve what many people is aiming for including myself
  • #36,082
  • Aug 17, 2023 11:23am Aug 17, 2023 11:23am
Quoting Gambis
{quote} What makes this candle special? That it is low volume? That it is an entry candle? Or that is a trapped buyers candle? If you can show more examples of this happening it may be a low risk add on or entry on its own if its consistent.
This example is an extension of the chart from the previous post.

Bar 5 is the entry bar. Once you've seen that price is either reacting positively to weakness or ignoring strength then you start looking for your entry bar.

The entry bar can be any vsa signal you like. No demand or up thrusts. In that post I linked I mentioned that the bar previous to bar 5 could be taken if you trade head fakes, but I do realize that isn't for everyone.

For question that bar is a low volume up bar with a weak close, if you're looking for a short that's the bar to take.
  • #36,083
  • Aug 17, 2023 11:46am Aug 17, 2023 11:46am
Quoting Frag8383
{quote} From 28 k to a 1m in a year. I understand that is trading vsa or what you understood at that point since I have seen that over time you have been mading adjustments. How much did you risk per trade to reach 1m Impressive and congrats you have a achieve what many people is aiming for including myself
In 2020 I didn't risk per trade, I maxed out my margin and kept adding as much as I could as the trade went my way.

Back in 2020 price responded heavily to the previous days highest volume close or responded to bars with a huge surge in volume.

So when price hit a high volume close it either reversed right there or pushed higher. You could nail price at those closes, if price started pushing through the close against you, you could slowly step of out the trade.

Keep in mind I'm in the US with 50:1 margin, max out your margin and 10 pips equals 3% of your account balance. So losses for me could be 3-12%. And when you catch a runner, adding to your position and keeping you margin maxed out as it goes your way it could get up to 6-7% per 10 pips.

But markets have changed since then.
  • #36,084
  • Aug 17, 2023 11:51am Aug 17, 2023 11:51am
Quoting Anotan
{quote} This example is an extension of the chart from the previous post. Bar 5 is the entry bar. Once you've seen that price is either reacting positively to weakness or ignoring strength then you start looking for your entry bar. The entry bar can be any vsa signal you like. No demand or up thrusts. In that post I linked I mentioned that the bar previous to bar 5 could be taken if you trade head fakes, but I do realize that isn't for everyone. For question that bar is...
Maybe i was not clear enough. My mistake.
What I wanted to figure out is: why when you extend the green box after shake out, we see candle working as resistance zone. And you mentioned its a common occurrence? If this is what you ment or I misunderstood again?
  • #36,085
  • Aug 17, 2023 11:55am Aug 17, 2023 11:55am
Quoting Anotan
{quote} In 2020 I didn't risk per trade, I maxed out my margin and kept adding as much as I could as the trade went my way. Back in 2020 price responded heavily to the previous days highest volume close or responded to bars with a huge surge in volume. So when price hit a high volume close it either reversed right there or pushed higher. You could nail price at those closes, if price started pushing through the close against you, you could slowly step of out the trade. Keep in mind I'm in the US with 50:1 margin, max out your margin and 10 pips...
I was looking into this on UJ run up and it did work same on H1 HVC candles. Meaning closes react as support or in some cases as resistance. Why you dont run this swing approach again?
I did some UJ trades last week with this approach alone.
  • #36,086
  • Aug 17, 2023 12:10pm Aug 17, 2023 12:10pm
Quoting Gambis
{quote} Maybe i was not clear enough. My mistake. What I wanted to figure out is: why when you extend the green box after shake out, we see candle working as resistance zone. And you mentioned its a common occurrence? If this is what you ment or I misunderstood again?
I apologize I misunderstood.

First consider that remark as an off topic statement. To remain on topic the point is to reduce your risk as the market moves in your favor and the most logical place to move your stop loss down to is the high of the entry bar.

When I was writing that statement what I had in mind was someone thinking that dropping your stop loss that drastically from -25 pip stop loss or whatever it is , down to a - 5 pip stop loss that price will just whipsaw and run your stop. It will happen, but not as often as you think. Bar 5 is a no demand, essentially a test checking for sellers, once price starts to move your way, and if youre right about the direction its unlikely price will return to the high of the test.
  • #36,087
  • Aug 17, 2023 12:22pm Aug 17, 2023 12:22pm
Quoting Gambis
{quote} I was looking into this on UJ run up and it did work same on H1 HVC candles. Meaning closes react as support or in some cases as resistance. Why you dont run this swing approach again? I did some UJ trades last week with this approach alone.
This approach still works in a ranging market, it becomes useless when price starts trending with no PA to the left. UJ, also EA are notorious about going into irrational trends where price shoots in one direction with no pull backs or testing previous PA.

Also price can get moody to where to may overshoot a close. I was always quick to drop it.

The approach can be tool in your toolbox but you need other tools at your disposal. I didn't have that before.
  • #36,088
  • Aug 17, 2023 12:44pm Aug 17, 2023 12:44pm
Lots of great conversations lately. Great to see!
Today's zone = Tomorrow's opportunity!
  • #36,089
  • Aug 22, 2023 1:11am Aug 22, 2023 1:11am
USDCAD short in progress.

Bar 1: Initial Sign of Weakness - No selling pressure into fresh new high ground. (Nothing to the left of the body of the bar for the previous 5 bars)

Bar 2: H1 chart - Next bar closing down on higher time frame confirming the weakness on Bar 1.

Bar 3: A trend change - This is tricky because the 2nd bar only makes a LH and not a LL. The low of this bar is the same as the previous bar. But because of Bar 4 I was confident enough to keep watching the pair.

Bar 4: Wide Spread down bar that marked through the previous low. When you see a down bar taking out previous lows its usually bearish. Now if you see a wide spread down bar into fresh new low ground, that is a different story.

Bar 5: Price responding positively to weakness / negatively to strength - Bar 5 is a bullish shake out type bar, but look at the next bar with the large upper wick. Price was sold as it tried to rally above the bullish bar, that isn't healthy for higher prices.

Bar 6: Entry bar - Sold as price dropped below a failed bullish test. Also could've sold as price tried to rally above the 2 bar reversal.

I took a little profit as price started falling and brought my stop down reducing my risk by 80%. From here just waiting to see if price reaches 1.3505 and what kind of reaction is there. My job is done till then, from here its the market's job to decide on what happens next.
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  • #36,090
  • Aug 22, 2023 5:16am Aug 22, 2023 5:16am
Set the trade to breakeven, price looks like its breaking through whatever support was at 1.3525.

My guess is the support came from the bar with the yellow crosshairs.
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  • #36,091
  • Edited Aug 23, 2023 3:23am Aug 22, 2023 7:08am | Edited Aug 23, 2023 3:23am
Actually i dont want to write this ... i'm a lazy man ... but maybe this advice will give a little bit enlightenment or more simple approach how easy to trade VSA ... sorry to say Anotan your VSA analysis is a bit complicated – advanced level for me - but if you think you are comfortable and profitable with it just keep it and go ahead. We are using the same VSA but our method to read the chart maybe a bit different but i always really enjoy your post and analysis ... just keep up the good work!!

The best thing with VSA is we can recognize the main trend and retracement we could see the next big movement a head of us. I use VSA not only to get entry but also use it in all aspect of trading to recognize :
1. Support and Resistance area
2. Main Trend and Retracement
3. Possible Target Area (50 pips daily is enough for me)

USDCAD is one of the most predictable pair, as USA Trader you should love it because the big movement is normally starting from US Session ... just sit and relax, make an analysis and wait the price to come at R/S area in the US session and trade ... no need to bother with JPN session as simple as that. Do we need JPN and LDN session to trade USDCAD? off course we need them to analyse how the professional trader (SM) react in their session so in US session we already know which position should we take (even before US session started!) we just need a confirmation for our positioning by looking the chart in US session.

So USDCAD … one shot, one pair, just focus to trade it in US season will be enough to make you Millionaire … if you trade in JPN you can not sleep well if you have open position just avoid it and its already a bit late in US at JPN Opening better using the time for family, gym or just enjoy the night etc (just kidding…lol). USDCAD normally will make around 50 pips movement starting from US Session - should be enough.

Ok my thought about trade entries in USDCAD in NY time (see chart) so you can see normally USDCAD make a good movement in NY time.

Open to say I rarely trade USDCAD because of my time zone I prefer GBPUSD which normally make a good movement around London time. Ok my entry in USDCAD because of Anotan … lol … will it be profitable? I don’t know let’s see … lol. Already set BEP so nothing to lose.

Btw my GBPUSD trades .....

Ok guys sleeping time ... thats why i dont like to trade USDCAD even this is one of the most predictable pair ... its late in my time zone. I can get money with other pair too ... easy ... lol.

Happy trading ...
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  • #36,092
  • Edited 3:08am Aug 23, 2023 2:53am | Edited 3:08am
Oh my GOD ... how many hours did i wait just to get for 50 pips in USDCAD ... lol .... but profit is profit easy money ...
best pair for US Trader easy to trade and predictable ...
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  • #36,093
  • Aug 23, 2023 10:18am Aug 23, 2023 10:18am
Quoting Cyberforex
Oh my GOD ... how many hours did i wait just to get for 50 pips in USDCAD ... lol .... but profit is profit easy money ... best pair for US Trader easy to trade and predictable ... {image}
I cant find the answer on how to enter this trade with VSA? So.. strong impulse wave and retracement in the trend? If price ranges what do you do? And then why you call it VSA? Where is VSA used in here? On lower time frames?
  • #36,094
  • Edited 11:30am Aug 23, 2023 11:01am | Edited 11:30am
Quoting Gambis
{quote} I cant find the answer on how to enter this trade with VSA? So.. strong impulse wave and retracement in the trend? If price ranges what do you do? And then why you call it VSA? Where is VSA used in here? On lower time frames?
Plus sooner or later the trend will change. How do you know that is not going to change on any of those retracements not all charts look like that break retracement continuation 3 or 4 times.

Also I thought the same where is the vsa part

Kind regards
  • #36,095
  • Aug 24, 2023 2:10am Aug 24, 2023 2:10am
Sorry to say i cant explain any further about how our strategy works because i have NDA (Non-Disclosure Agreement) with my company which run over 1B total assets. We trade forex, commodities and stocks based on our strategy. My strategy is just one part of it, normally we use it for trading forex and commodities .. short term ... daily trades. I'm here just for fun. So at the moment i cant speak about our strategy but i dont know maybe in the future ... we'll see. sorry again.

But what i can say is that our strategy is based on VSA to identify Smart money activity and their trades direction so we trade at SM level. Identifying the manipulation of SM and their trade level. So we trade along with SM at their level .. or are we SM? ... lol no, i dont think so ... lol.

Happy trading ...
  • #36,096
  • Aug 24, 2023 12:04pm Aug 24, 2023 12:04pm
Hello Gambis,
I am no VSA expert but use it in my trading. I also do not know how Cyberforex trades but I have observed his trading here for sometime and made a few comments on it. Here is my opinion on USDCAD, if you look 5/6 bars behind, from his entry you will see RED Bars with increased Volume (I have marked this with Yellow Arrows). Why are these Bar having increase in Volume esp. the 2nd last long range bar whose move is stopped by another Red bar with Volume. Volume is dropping into Support Area. This to me is not selling but they have to test for weak holders. Then a sudden drop in Vol. where you have Test and NS Pattern. Also, there is Strong Support around where he made his entry. I think he is reading the background having Support Areas for price turns. Again, my opinion, combining VSA with Support/Resistance Areas.

Quoting Gambis
{quote} I cant find the answer on how to enter this trade with VSA? So.. strong impulse wave and retracement in the trend? If price ranges what do you do? And then why you call it VSA? Where is VSA used in here? On lower time frames?
Attached Image (click to enlarge)
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  • #36,097
  • Aug 24, 2023 12:48pm Aug 24, 2023 12:48pm
Quoting Danku
Hello Gambis, I am no VSA expert but use it in my trading. I also do not know how Cyberforex trades but I have observed his trading here for sometime and made a few comments on it. Here is my opinion on USDCAD, if you look 5/6 bars behind, from his entry you will see RED Bars with increased Volume (I have marked this with Yellow Arrows). Why are these Bar having increase in Volume esp. the 2nd last long range bar whose move is stopped by another Red bar with Volume. Volume is dropping into Support Area. This to me is not selling but they have to...
Thanks Danku, so its more of a story than I was thinking of. Makes sense!
  • #36,098
  • Aug 24, 2023 1:09pm Aug 24, 2023 1:09pm
No worries. Yes. Confluence story, the way I see it.

Quoting Gambis
{quote} Thanks Danku, so its more of a story than I was thinking of. Makes sense!
  • #36,099
  • Aug 24, 2023 3:16pm Aug 24, 2023 3:16pm
Quoting Danku
Hello Gambis, I am no VSA expert but use it in my trading. I also do not know how Cyberforex trades but I have observed his trading here for sometime and made a few comments on it. Here is my opinion on USDCAD, if you look 5/6 bars behind, from his entry you will see RED Bars with increased Volume (I have marked this with Yellow Arrows). Why are these Bar having increase in Volume esp. the 2nd last long range bar whose move is stopped by another Red bar with Volume. Volume is dropping into Support Area. This to me is not selling but they have to...
Also after each retracement the price moves with big range bars with high volume. That is how I believe he knows there is demand on that zone. He has say many times that vsa traders only look at big down bars as a sign of buying but when the price start to rise should be on high range bars with volume showing that there is buying

Kind regards
  • #36,100
  • Sep 14, 2023 11:01am Sep 14, 2023 11:01am
Recently started to trade using TradingView versus MT4 or MT5 and so far I am loving it.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
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