vsa with Malcolm

Quoting Frag8383

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So you guys are trading like pres78, highest volume of the previous day as trigger matrix? I'm using them but more dynamic since I'm a scalper, I fib the wrb better volume style of the 5 min and I drop to the 1 min. Price needs to be above the 50% and the trend of the 5 or 15 min needs to be up And I completely agree the edge for the retail and for most professional is to trade with the trend. Even with vsa and you get a reversal it will not go as far as you think to take profits Kind regards

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Quoting Frag8383

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So you guys are trading like pres78, highest volume of the previous day as trigger matrix?

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Quoting Frag8383

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I'm using them but more dynamic since I'm a scalper, I fib the wrb better volume style of the 5 min and I drop to the 1 min. Price needs to be above the 50% and the trend of the 5 or 15 min needs to be up

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Quoting Frag8383

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And I completely agree the edge for the retail and for most professional is to trade with the trend. Even with vsa and you get a reversal it will not go as far as you think to take profits Kind regards

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Quoting Anotan

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I've always said if you want to trade against retail, it isn't about taking the opposite side as them.. Retail are quick to TP and slow to cut losses, trade the opposite of that!

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Quoting 2be

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The DOW NYSE session bars chart has the initial elements of Selling Climax, lots of effort with not such great results. Gaps created during the last NYSE session have not been filled. Retest bearish bar with smaller volume would a great sign of things lining up to establish long positions. Patience is required for market to discreetly display and confirm its intention/s. The US election is a factor to be aware of, and be ready to accept the unexpected. In choppy water and high wind reef the sails and proceed carefully, if at all, otherwise ??? expect...

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Quoting 2be

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{quote} Gaps have been filled and the gap in "normal circumstances" shall become S zone {image}

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Quoting KingofRats

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Hello again, I posted a few months ago lamenting about my troubles with finding trades. Since then I've decided to apply myself and have had moderate success in terms of profits. There are still some thing that trouble me and I hope some of you could be of assistance. All price movements occur either in ranging conditions or the market is trending. According to VSA, the ranges at some point break and a trend develops which will again stop, and the price will move again within a range. Once the price breaks out of a range, there is usually a test...

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Quoting 2be

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Chart below is very telling, big effort with little result (VSA principles) The big candle bars are NYSE session bars displayed on M30 TF Looks like selling climax. The Friday's NYSE session has been closed.{image}

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Quoting KingofRats

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According to VSA, the ranges at some point break and a trend develops which will again stop, and the price will move again within a range. Once the price breaks out of a range, there is usually a test to see if the opposing side is gone and the price continues in the desired direction. The problem with that is that the often the price breaks out of the range and just runs away and there is absolutely no pullback whatsoever.

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Quoting KingofRats

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This often seems to be the case in bear markets. I remember reading somewhere that testing in bear markets often doesn't happen and that bear markets generally happen to be more volatile but shorter lasting (perhaps MTM?)

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Quoting KingofRats

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Second question is regarding high volume bars. One of the principals of VSA is effort-versus-result. Bars with small bodies but large volumes indicate that the opposite side is entering the market and such bars would require testing. But there are many high volume bars that are never retested, and the market just ignores it and continues on its way. This is especially confusing as MTM states that once strength or weakness shows, it doesn't just disappear. Looking forward to your replies.

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Quoting HiddenGap

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{quote} There is also a thing called "Pushing through supply". The High volume UP bar may represent a willingness of the Smart Money to enter and absorb any supply that is present. In this case, the high volume UP bar is strength, not weakness.

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Quoting 2be

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Chart below is very telling, big effort with little result (VSA principles) The big candle bars are NYSE session bars displayed on M30 TF Looks like selling climax. The Friday's NYSE session has been closed.{image}

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Quoting 2be

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{quote} Very often VSA points not to a fast and furious reversal or swing but PA continues to meander within the price zone for sometime before the market shows the clear direction. Current DOW scenario fits that type of PA, patience and discipline is required, part of that is to take profits when they are there, instead of being too greedy and ignoring S/R on shorter TFs. Chart below is DOW M30 NYSE session, please note volume in context of ATR - very clear display and a good example of the utility of VSA. Only some very unusual event might...

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Quoting 2be

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{quote} What a day for the DOW. I am limited somehow to point that the pure VSA perspective has let me to be prepared for such a day. There are days that PA and market disobeys our wishes and does its own dance. Discipline and fast reaction/s were necessary if one traded DOW today. Looks like a passible V type rotation, alternatively there might be a retest of todays Low.{image} Posted more in my journal - link below https://www.forexfactory.com/thread/...8#post15064788

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