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vsa with Malcolm

  • #36,221
  • Edited 11:19am Jun 3, 2024 9:56am | Edited 11:19am
Posted by mistake on this thread
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Make sure losses are small and profits are bigger!
  • #36,222
  • Edited 11:09am Jun 3, 2024 10:07am | Edited 11:09am
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Make sure losses are small and profits are bigger!
  • #36,223
  • Edited 11:10am Jun 3, 2024 10:20am | Edited 11:10am
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Make sure losses are small and profits are bigger!
  • #36,224
  • Edited 11:10am Jun 3, 2024 10:28am | Edited 11:10am
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Make sure losses are small and profits are bigger!
  • #36,225
  • Jun 5, 2024 3:19am Jun 5, 2024 3:19am
Quoting 2be
.
You know you can edit these posts then delete them.
  • #36,226
  • Jun 5, 2024 8:42am Jun 5, 2024 8:42am
Quoting Anotan
{quote} You know you can edit these posts then delete them.
  • #36,227
  • Edited 11:41pm Jun 5, 2024 10:07am | Edited 11:41pm
Quoting Anotan
{quote} You know you can edit these posts then delete them.
Hi Anotan,
I have made mistake and posted stuff not directly related to VSA so I didn't wish to annoy anybody by taking such liberty.
I mistakenly thought that I was posting to my journal and when realised it was not so I thought the best thing was to remove it and have asked FF stuff to completely cancel these misplaced posts, which they have not done it.
After this mishap completely due to my fault, I have posted that same posts on the journal.
Sorry for annoying anybody, I try to keep posting related to the main theme of the given thread.
Make sure losses are small and profits are bigger!
  • #36,228
  • Jun 5, 2024 6:23pm Jun 5, 2024 6:23pm
Quoting 2be
{quote} Hi Anotan, I have made mistake and posted stuff not directly related to VSA so I didn't wish to annoy anybody by taking such liberty. I mistakenly thought that I was posting to my journal and when realised it was not so I thought the best thing was to remove it and have asked FF stuff to completely cancel these misplaced posts, which they have not done it. After this mishap completely due to my fault, I have posted that same posts on the journal. Sorry for annoying anybody, I try to keep posting related to the man theme of the given thread....
What I meant was that instead of doing posts that contain only a "." that you can instead delete the post entirely.
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  • #36,229
  • Jun 5, 2024 11:46pm Jun 5, 2024 11:46pm
Quoting Anotan
{quote} What I meant was that instead of doing posts that contain only a "." that you can instead delete the post entirely. {image}
Thanks, I somehow missed that delete function.
Make sure losses are small and profits are bigger!
  • #36,230
  • Jun 7, 2024 12:26pm Jun 7, 2024 12:26pm
Took a loss today on UJ, probably shouldn't open trades during NFP.

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Earlier this week I was reading a thread.. honestly I forget which thread, but a poster was accusing the thread owner of warehousing their losing trades. I don't remember if the thread owner actually did hold on to their losing trade, but its weird right... If you think about it you can do one of two things, you can hold on to your losing trade stick it in a warehouse and hold it till it comes back again or you can cut that losing trade and warehouse the loss and wait till your next winning trade comes around and takes that loss off your hands.

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  • #36,231
  • Jun 12, 2024 5:40am Jun 12, 2024 5:40am
No demand on Daily chart, CPI was nice enough to drop on the weakness.
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  • #36,232
  • Edited 5:48pm Jun 18, 2024 5:35pm | Edited 5:48pm
Watching a Gary Dayton video and he refers to the last bar as a No Demand bar instead of a test:
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Based on my understanding of VSA, it doesn't fit my criteria for No Demand. The call ends up being right tho:
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Tossing aside the labeling of the bar, I'm trying to square my perspective vs his perspective. Here's how I see them:

  1. Me: I see the 'test' bar as a test of the heavy volume bar two bars prior, and a failure to take advantage of that test is a negative action which leads to a strong move lower.
  2. Paraphrasing Gary: This is a weak 'No Demand' bar and I'd be looking to short here.

I wouldn't be looking for a long, but if I were short, I'd probably be looking to get out of my position, assuming supply is drying up for the time being. But it seems like I actually should be looking for a continuation move lower... Can someone spell out what it is about the test/ND bar that makes it a high % short?

  • #36,233
  • Jun 18, 2024 7:20pm Jun 18, 2024 7:20pm
Quoting Macallik
Watching a Gary Dayton video and he refers to the last bar as a No Demand bar instead of a test: {image} Based on my understanding of VSA, it doesn't fit my criteria for No Demand. The call ends up being right tho: {image} Tossing aside the labeling of the bar, I'm trying to square my perspective vs his perspective. Here's how I see them: Me: I see the 'test' bar as a test of the heavy volume bar two bars prior, and a failure to take advantage of that test is a negative action which leads to a strong move lower. Paraphrasing Gary: This is a weak...
Gary Dayton, isn't he more wykcoff?

Let's start with the practicality of seeing this bar as a ND, OK you enter where is your stop? It's going to have to be waaay up there at the top somewhere above 4145. That is going to be some shit RR and potentially unnecessary DD. If you aren't already short you've missed the bus. If you're adding to your existing short with a much smaller size then this point doesn't apply. Personal note I like to add on head fakes, that high volume shakeout like bar, I would add as price breaks that high. Either way I wouldn't trade the bar in question.

As far as you would've exited you position, something I read years ago comes to mind when trading futures, I think the guy who said it trades NQ. Basically saying that you get 1-2 days per week where price only trends in one direction while the rest just consolidated. He was saying it was better to take small losses on the consolidating days and hit those trending days hard. Not sure if that still applies.

But really you should be looking at the previous day (intra and daily charts) as well as the weekly chart (literally just look at the last 2-3 bars) to see if the background supports your position.
  • #36,234
  • Jun 19, 2024 1:43am Jun 19, 2024 1:43am
Hi guys

I show this article by Todd Krueger a very recognised figure in the VSA world

On the article he mentions that one of people's mistakes is just to look for weakness or strength in 2 timeframes. The standard that I see people use is the 5 min for entry and 1 hour as reference.
So people will look for strength weakness on the 1 hour with the confirmation on the next candle and drop to the 5 min to enter.

He mentions that way is very limited, that if you enter on the 5 min you should look for weakness on 4 timeframes the 5,10,15 and 30 so you should have weakness/strength in all of them and confirmed on the candle after.

In MT4 we do not have the 10 so it will be the 5-15-30-1hour
Let say that what he mentions happens and all 4 timeframes have strength that is confirmed on the next candle and then you go to the 5 min to enter.
Will not that make you enter on the top of the range on the 5 min and then the risk reward will be very bad?
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  • #36,235
  • Jun 19, 2024 2:40am Jun 19, 2024 2:40am
Quoting Frag8383
Hi guys I show this article by Todd Krueger a very recognised figure in the VSA world On the article he mentions that one of people's mistakes is just to look for weakness or strength in 2 timeframes. The standard that I see people use is the 5 min for entry and 1 hour as reference. So people will look for strength weakness on the 1 hour with the confirmation on the next candle and drop to the 5 min to enter. He mentions that way is very limited, that if you enter on the 5 min you should look for weakness on 4 timeframes the 5,10,15 and 30 so you...
Accumulation/Distribution take time, it's not uncommon for me to be stuck in a trade for 5+ hours waiting for something to happen . So waiting for 4 time frames to line up wouldn't necessarily mean a bad entry location.

Look at GU on the 17th during London, price grinded sideways for 7 hours before it rallied.
  • #36,236
  • Jun 19, 2024 3:33am Jun 19, 2024 3:33am
Quoting Anotan
{quote} Accumulation/Distribution take time, it's not uncommon for me to be stuck in a trade for 5+ hours waiting for something to happen . So waiting for 4 time frames to line up wouldn't necessarily mean a bad entry location. Look at GU on the 17th during London, price grinded sideways for 7 hours before it rallied.
Actually I have checked using the 4 timeframes with the highest being an hour, and unless the confirmation candle shoot up like crazy you get good entries that are not so far away from the top but with the 4 time frames you guarantee that the trend has changed
  • #36,237
  • Jun 19, 2024 3:59am Jun 19, 2024 3:59am
Quoting Frag8383
Hi guys I show this article by Todd Krueger a very recognised figure in the VSA world On the article he mentions that one of people's mistakes is just to look for weakness or strength in 2 timeframes. The standard that I see people use is the 5 min for entry and 1 hour as reference. So people will look for strength weakness on the 1 hour with the confirmation on the next candle and drop to the 5 min to enter. He mentions that way is very limited, that if you enter on the 5 min you should look for weakness on 4 timeframes the 5,10,15 and 30 so you...
It is possible to have M10 and many other TFs on MT4.
It requires "off line" chart and so on...
Years ago I used that arrangements, it has worked, now I think there is an EA so it might be easier.
https://www.google.com/search?q=m10+...hFE01sqps,st:0
There are other useful sites there, I remember it has not been that complicated.
I find MTFs analysis very useful.
Best
Make sure losses are small and profits are bigger!
  • #36,238
  • Jun 19, 2024 11:01am Jun 19, 2024 11:01am
Quoting Anotan
{quote} Gary Dayton, isn't he more wykcoff?
He definitely leans on Wyckoff when analyzing a leg/trend/chart (i think this is the David Weis influence), but his bar-by-bar reading as price unfolds is very VSA.

Quoting Anotan
{quote} Let's start with the practicality of seeing this bar as a ND, OK you enter where is your stop? It's going to have to be waaay up there at the top somewhere above 4145. That is going to be some shit RR and potentially unnecessary DD. If you aren't already short you've missed the bus. If you're adding to your existing short with a much smaller size then this point doesn't apply.
Good points.
Quoting Anotan
{quote}Personal note I like to add on head fakes, that high volume shakeout like bar, I would add as price breaks that high.
I'm not here yet, but that is something I'm looking to layer in once I get more consistent w/ my initial entries.
Quoting Anotan
{quote}Either way I wouldn't trade the bar in question. As far as you would've exited you position, something I read years ago comes to mind when trading futures, I think the guy who said it trades NQ. Basically saying that you get 1-2 days per week where price only trends in one direction while the rest just consolidated. He was saying it was better to take small losses on the consolidating days and hit those trending days hard. Not sure if that still applies. But really you should be looking at the previous day (intra and daily charts) as well...
Ironically I only came to this realization when watching the video yesterday. I noticed is that Gary aggressively closes out positions when intraday support/resistance levels are hit (ie: exiting on the close of a widespread up bar that is hitting resistance on excessive volume), but, on the flip-side, when larger timeframe levels are broken intraday, he gives his positions a bit more rope for the home run potential.

Reading your comment and yesterday's video, I realize that I've been doing the opposite and entering w/ the hope that every trade becomes a home-run, so I often give back gains.

Great breakdown, and insights as always, thanks for responding Anotan.
  • #36,239
  • Jun 21, 2024 8:22am Jun 21, 2024 8:22am
Heres an ugly trade, but luckily it worked out in the end.

The background was weak, daily chart we can see that high volume up bar with the next bar down. Unfortunately volume was a bit misleading on June 18th with the highest volume on the low of the day, looking bullish. With weak Daily we weren't looking for longs, but the 18th had a noticeable bearish 2 bar reversal on the highs.

Trade came close to hitting my stop, I used a 33 pip stop which is the same spread as that widespread down from the bearish 2 bar reversal.

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  • #36,240
  • Jun 22, 2024 10:01am Jun 22, 2024 10:01am
]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.

I followed your quest very well and am pretty sure you will have looked for answers ,but such reasonable anst were not coming
I have a clue that will.put the question to a.stop
If you have more questions get back to me..
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