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  • #4,781
  • Jan 8, 2010 9:32am Jan 8, 2010 9:32am
Quoting tfflyer
If You will try to take such entries - Market will fast You get out with loss..

As i said - Just my opinion.

Ok, i will end my comments on this, better just some pro would answer


Best,
Tom

Tom,

I am learning as much as anyone here. I would like to know why you think this is not good entry?
  • #4,782
  • Jan 8, 2010 9:47am Jan 8, 2010 9:47am
Quoting gez40
ooops forgot chart

To me a great example. Also higher time frames looked good as well. However, the 10m and 15m did not have a test. I did not look at the 5m. Looks good to me.
  • #4,783
  • Jan 8, 2010 9:53am Jan 8, 2010 9:53am
Quoting tarco
To me a great example. Also higher time frames looked good as well. However, the 10m and 15m did not have a test. I did not look at the 5m. Looks good to me.
Thanks for the reply,

I was worried that the volume may still be a bit high on those bars but they had lower volume than the previous 2 bars which i think is acceptable.

Gez
Seek not to change the world; seek only to change your mind about the world
  • #4,784
  • Jan 8, 2010 10:09am Jan 8, 2010 10:09am
Quoting gez40
Thanks for the reply,

I was worried that the volume may still be a bit high on those bars but they had lower volume than the previous 2 bars which i think is acceptable.

Gez

To me anyway, this is a good example and exactly what we should be looking for as vsa traders. Tom Williams summed it up pretty well, in one of the videos posted earlier. This VSA stuff is about knowing when the proffesionals are active. We clearly know that they were active this morning by all the buying evidenced by the large up bars on high volume, then the pin bar on high volume. After such evidence the safest entries are tests of this level or no demand bars which you pointed out. We know by the chart that the professionals were selling because all down bars were higher volume than up bars. This was a good example, IMHO. Thanks for posting.
  • #4,785
  • Jan 8, 2010 10:23am Jan 8, 2010 10:23am
Here is a gold chart that I demo traded yesterday. I am trying to learn the behavior of gold. Some days it will beat me up but others are pretty good. Yes, this is after the fact, but I am not interested in calling trades or showing skills or lack of, but, interested in VSA learning and hopefully helping others that are learing as well.

Again I am no expert, but it seems to me that these signals are here to trade everyday. Having patience and being selective is the hard part. If you find yourself guessing on what is going on that is the sign,for me anyway, to not trade.

My favorite set up so far using VSA is when you see climatic volume at a known SR level and then see evidence of buying and seling. Then enter on the test. Dr. G and Malcolmb have posted a thousand examples of these.

In this example, the trades were at the bottom of an up channel. Where you should take long trades.

Comments are welcome, Did anyone trade these live or demo I would like your thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: GC 02-10 1_7_2010 (5 Min) b.jpg Size: 178 KB
  • #4,786
  • Jan 8, 2010 10:42am Jan 8, 2010 10:42am
Gold looking for a sign to sell no demand or test. price is at known resistance. lets wait and see what happens, the charts should tell us.
Attached Image (click to enlarge)
Click to Enlarge Name: GC 02-10 1_8_2010 (5 Min) c.jpg Size: 177 KB
  • #4,787
  • Jan 8, 2010 11:03am Jan 8, 2010 11:03am
Do not know if everyone is aware of this or not. Trade Guider will be doing a webinar tomorrow afternoon on VSA. For those trying to learn VSA this will probably be a learning experience for you.
I am in no way associated with Trade Guider but will be in this forum in the future. Here is a registration link for it.

https://www2.gotomeeting.com/register/826647139


slick
  • #4,788
  • Edited 11:13am Jan 8, 2010 11:06am | Edited 11:13am
This is not to discuss tradeability. It is to see if this concept is getting more clear.


While there are more setups...

There are 3 main setups for the long side and 3 for the short. Lets see if we can identify which was likely to be in play.

Buy side

1. Climatic action
2. No Supply
3. Test in Rising Market

Sell Side

1. End of Rise in Market
2. No Demand
3. Up Thrust

When looking at a 1 min chart, Price gaps up, rises, falls back in 6 bars

We need to remember... there is no 1 SM. There are any number of players that compete with one another. In the end, it is the consensus of the group that create what we see. No idea if its 10 or 100. I know from equity market makers, they watch one another. Some try to lead, others try to follow.


So what was going on to cause this volume?

Maybe a fight as between SM?

There is a gap on some data feeds. That means there was no supply at the lower prices.

It feels like this started as a no supply rally. Heavy selling 4 to 5 mins into this...with stopping volume that stops the fall and becoming climatic action.

Price rises to what is close to an End of Rise in Market.


Other than that,,,,, as I posted on the GU thread...

Someone is sending a message. The formation today is that of "being flipped off"

BR
  • #4,789
  • Jan 8, 2010 11:50am Jan 8, 2010 11:50am
For volume comparison,

If anyone knows how to send a chart via private message, I sure would like to know. I do not have the attachments option.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 6B 03-10 1_8_2010 (10 Min).jpg Size: 196 KB
  • #4,790
  • Jan 8, 2010 12:04pm Jan 8, 2010 12:04pm
Looking gold 5 min looks better for entering short for me ( i am talking about first entry ).


Best,
Tom

Quoting tarco
Gold looking for a sign to sell no demand or test. price is at known resistance. lets wait and see what happens, the charts should tell us.
  • #4,791
  • Jan 8, 2010 12:15pm Jan 8, 2010 12:15pm
Quoting tarco
For volume comparison,

If anyone knows how to send a chart via private message, I sure would like to know. I do not have the attachments option.

Thanks

study 60 min chart of today ...

tell me chances of going to 1.5750 versus chances of going to 1.6500

this is a little test / teaser

All can enter quiz other than DR Geppygenius
Blogging daily now at www.volume.zone
  • #4,792
  • Jan 8, 2010 12:21pm Jan 8, 2010 12:21pm
Quoting malcolmb14
study 60 min chart of today ...

tell me chances of going to 1.5750 versus chances of going to 1.6500

this is a little test / teaser

All can enter quiz other than DR Geppygenius
Hello Bro
U doing great as always
I'm not using vsa but chance to 1.57 much bigger actually 1.57 yearly pvt i guess, Max top for me 1.63 above 1.64 my sl
But i target 1.5330
  • #4,793
  • Jan 8, 2010 12:22pm Jan 8, 2010 12:22pm
Quoting tfflyer
Looking gold 5 min looks better for entering short for me ( i am talking about first entry ).


Best,
Tom

Tom,

That was the trade example that I posted this morning only I posted it on 10-min.

The gold entry went down forty pips and stalled at a support area. Probably not the best time to be trading late in afternoon on a Friday. Looking back at the chart, the low volume pin bar could have been an entry. I was looking for a up bar there, but in hindsight a pin bar like that shows low volume buyers.

Forrest
  • #4,794
  • Jan 8, 2010 12:27pm Jan 8, 2010 12:27pm
Quoting malcolmb14
study 60 min chart of today ...

tell me chances of going to 1.5750 versus chances of going to 1.6500

this is a little test / teaser

All can enter quiz other than DR Geppygenius

OK, I would be honored if Malcomlb embarrasses my rookie answer.

But the huge 8:00 up candle followed by the down candles shows massive selling in downtrend. Throw a fib on the down move and you have a almost to the pip 61% retracement and a 138 extension hits 1.5170.

Forrest
  • #4,795
  • Jan 8, 2010 12:28pm Jan 8, 2010 12:28pm
Im sorry the extension hits 5750
  • #4,796
  • Jan 8, 2010 12:34pm Jan 8, 2010 12:34pm
Quoting tarco
Gold looking for a sign to sell no demand or test. price is at known resistance. lets wait and see what happens, the charts should tell us.
I'm not trading gold but i keep an eye because i trade aud.
If I'm allow to tell my view i can see

We will have reached the top 1225 and we start to go down so i will take sell not buy Very good Resistant 1150 sl above 1160 target 1100 and close half there.
If break 1100 as i think so we go down much (1035 - 9xx)
  • #4,797
  • Jan 8, 2010 12:40pm Jan 8, 2010 12:40pm
Quoting tarco
OK, I would be honored if Malcomlb embarrasses my rookie answer.

But the huge 8:00 up candle followed by the down candles shows massive selling in downtrend. Throw a fib on the down move and you have a almost to the pip 61% retracement and a 138 extension hits 1.5170.

Forrest

bingo . i am expecting GU to head down next week , but as always we need to see reaction to todays games
Blogging daily now at www.volume.zone
  • #4,798
  • Jan 8, 2010 12:44pm Jan 8, 2010 12:44pm
Quoting malcolmb14
study 60 min chart of today ...

tell me chances of going to 1.5750 versus chances of going to 1.6500

this is a little test / teaser

All can enter quiz other than DR Geppygenius

I would have to guess gu is headed south to 1.5750, possibly retrace back up to 1.6100 area before heading down. Volume is massive on widespread upbar and price was immediately rejected at 1.6100 where supply was sitting. Been going back up on weak volume and narrowing spread, not a good sign for bulls. That's my take on it anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 37 KB
  • #4,799
  • Jan 8, 2010 12:46pm Jan 8, 2010 12:46pm
To be more specific I just pulled a fib from a high from 1/4 to low from yesterday 1/7. Today's retracement was right at the 61% retracement where we would suspect strong selling in the downtrend. A fib extension pulled from the downmove from 1/4 to 1/7 shows a 138 extension hitting 1.5758 to be exact.

Makes sense to me.
  • #4,800
  • Jan 8, 2010 12:51pm Jan 8, 2010 12:51pm
Quoting egkid
I'm not trading gold but i keep an eye because i trade aud.
If I'm allow to tell my view i can see

We will have reached the top 1225 and we start to go down so i will take sell not buy Very good Resistant 1150 sl above 1160 target 1100 and close half there.
If break 1100 as i think so we go down much (1035 - 9xx)

I here you. Pull up a 30-min chart for gold. I think it will go down to 1.28 but for long term don't know.
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