vsa with Malcolm

Quoting RickM

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{quote} Hi KingofRats The real issue with trading with VSA or any other real volume base strategy is they are at best only offer a low trading edge. This is because patterns in volume related strategies only repeat if the same traders participate again in the same exact way. Of course this can’t happen again, therefore the edge VSA offers is a low probability edge and it’s the traders real skill that makes a difference and therefore the real trading edge. Setups by themselves are not enough. 95% of traders lose whether they are price action traders...

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Quoting Anotan

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A little disappointing, we've had this sharp down turn on aud this week. Started seeing a bit of strength with the highest volume on yesterday low with price pushing up and through the high. But unfortunately itt doesn't look like price is going to pull back and retest the mid point of the high volume bar. Trading isn't perfect. {image}

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Quoting RickM

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{quote} Hi KingofRats The real issue with trading with VSA or any other real volume base strategy is they are at best only offer a low trading edge. This is because patterns in volume related strategies only repeat if the same traders participate again in the same exact way. Of course this can’t happen again, therefore the edge VSA offers is a low probability edge and it’s the traders real skill that makes a difference and therefore the real trading edge. Setups by themselves are not enough. 95% of traders lose whether they are price action traders...

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Quoting Anotan

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I'll post a chart later today, I'm out and about right now. But AU daily down trend all last week and Friday we see an inside bar, showing the down trend has stalled. Watch the mid point of the high volume bar on Thursday low.

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Quoting Cyberforex

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{quote} I might be wrong ... this is my prediction of AU ... {image}

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Quoting Anotan

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{quote} Yeah probably, just watching to see if it will come down to 6525 to enter.

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Quoting Macallik

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I'm not going full 'Weis Wave' on every chart, but I am leaning into the idea of watching waves more closely for lengthening/shortening of thrust to complement the VSA background. Still in the early stages but I think it's an additional step towards me creating more rigid rules around my trading and streamlining some of my analysis

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Quoting Frag8383

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{quote} How do you trade it? It has always confused me the difference between vsa and wyckoff. For example most VSA traders they tell you that the volume has to be at the top when going short, so if you have a pullback the down leg should have less volume than the up leg, the theory is that if you have volume on the up leg is that smart money want lower prices. But then Dr Gary Dayton and all wyckoffians when using the Wei's wave tell you that in the same case if you go short the volume on the down leg should be higher than the volume on the up...

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Quoting Macallik

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{quote} Hey Frag, It's still early but I've been leaning on this video heavily to give me a framework: https://www.youtube.com/watch?v=uzIS...themeRefresh=1

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Quoting Frag8383

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{quote} Thanks I will have a look at it during the weekend Is longer than a movie!!!!!!!! Thanks Kind regards

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Quoting Macallik

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{quote} No problem. I will say that i am using it because I was having trouble w/ trade timing and identifying change-of-behaviors in real-time. I can definitely see it being a distraction if you have other issues that are more important to you on your trading journey.

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Quoting Macallik

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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 'No Demand' bar and I'd be looking to short here.

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Quoting Macallik

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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?

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