vsa with Malcolm

hrly bull background, fib, strenght, 1m entry after breaking AR on low vol plus test. bit more agressive as it s my first trade this week
EDIT> just took out HOD, HOW, don t care how candles look as long as vol remains relatively low, if there s a surge in vol then the candle close matters, specially at previos high, HOD, HOW, HOM same for the lows.
Another EDIT>)) Vol is relativ on the low side, for now i won t partial. i don t see profit taking, HOW might be made tommorow. Now, London session almost done. but there s some FOMC nonsence later, might close it 15m before that as i ain t a fan of holding through news events like that. all in all good trade!

UJ shorts look nice 2, except for those bloody news in about 3hrs.

I'm having an issue with GBPAUD, I was wondering if anyone would help me with an analysis on what has transpired so far.
From my Analysis on the 4hrs and 1hr before London open it had a bullish background but everything headed south from the beginning of the London session and I can't really place where the market and volume changed hands from a bullish back ground to a bearish background on 4hrs and 1hr. Could someone point out where that happened for study purpose? Thank you.

Hindsight's 20/20 but it looks like it ran out of steam attempting to break through a prior resistance level on the 4h:

OTOH, you can see a shortening of thrust on the 1h:

Thank you very much, the break of that 4h resistance caught me off guard, I didn't expect it to fall back with no hint what so ever except for the shortening thrust you've shown me now. I'll pay more attention to that next time. Thank you.

was a BE trade, ran for about 1.5R and then did another shakeout to go long without me..
NFP soon, think i ll call it a week

I'm guessing that everyone is off making money if the thread made it to the 2nd page of the Interactive Trading threads.

EJ Short.

A. This is the bar that caught my attention, small spread up bar gaped up into sorta fresh new ground, also the volume is a bit high so this bar isn't ideal. Technically it doesn't meet the requirements for no PA to the left for the previous 5 bars. But we know how Tom Williams loved his gaped up no demand bars, they do work.

1. Initial sign of weakness. Up bar on narrow spread and low volume into fresh new ground. Definitely no PA to the left for the previous 5 bars.

Orange line - Trend change, two consecutive down bars below the close of the initial sign of weakness with the 2nd down bar making a LH/LL.

2 Higher Time frame confirming weakness - H1 chart next bar closing down (its a down bar using VSA rules with closing below the previous bar's close) confirming the weakness on the M15.

3. Gotcha Bar - Widespread down bar pushing price lower as it approaches the close of the initial sign of weakness.

4. Price reacting weakness - No demand up thrust with price pushing lower.

5. Countermanding Signal- No supply bar into fresh new ground and trend change. Usually with countermanding signals its best to see the low of the bar taken out proving that its not actual strength. Unfortunately in this example the entry would've been missed by waiting for the low to be taken out.

6. The down bar that pushes price lower after repeated attempts to break out of the liquidity zone of the No demand up thrust. Is liquidity zone right? What ever the term of the week is for wick. I was nervous about taking this trade with the countermanding signal but took a shot since it appeared that price was struggling to push higher.

Next week is Thanksgiving week in the US, so I hope you enjoy the week.

Confirmation needs to be followed by a change in behavior.

However, sometimes the key is in what the Market doesn't do next. Or more precisely, what the Market fails to do next. Take a look at the pic below.


1. Wide spread UP bar on Ultra High Volume closing off its high.

2. The next bar is DOWN, thus confirming the weakness (Supply) on the previous interval.

3. What the market doesn't do: It never closes below Mean Threshold, the 50% level of the range of the Wide spread interval. This is a sign that the Market remains strong. Note that there is an immediate Test and a NS .

In this instance, there is no reason to expect price to fall. Yes, price remains above the BPL and above VWAP and Cumulative Delta is positive, but just the fact that price is not closing below Mean Threshold is enough to keep us bullish. Or at least not ready to start placing a short trade.

It's probably safe to say that I'm not the only one who was excited to see a HiddenGap post.

By the way congrats on your funded account, that's huge.

You flatter me. Thank you.

I'm always excited to see posts by you or Pres78.

I'm very happy to se him back and specially trading like his old self vsa and not ICT and other systems. He always helps and replies to every question that people ask

Kind regards

Hidden Gap, Anotan are back .... nice

Ok my GBPUSD trades in the last 2 days ... set and forget with 50 pips target.

Happy Holidays!

Hi, how did you get the HLC bar chart in MT4, without the opening price?

I believe is tradingview no MT4

In fact, I didn't notice the description in the corner. I've been looking for some time and can't find it.

Yup Frag8383 is right. I do recommend TradingView generally, but it's a (recurring) cost that might be excessive/unnecessary for many. There is an HLC MT4 indicator that gets the job done. I have some posts in that thread re: customizing the indicator slightly

Thank you for your answer, I found this indicator earlier but unfortunately it is not possible to set the chart to be readable.