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  • #6,381
  • Apr 3, 2010 6:24am Apr 3, 2010 6:24am
Quoting polomine
Yes, that indy is an impressive one. Unfortunately, the source codes of the most important part (mpxlib.ex4) are not available. And I have no idea what those lines and their background logic are.
Those lines are accurate support and resistance. I like your indi too...would be greate if you could combine them....
The Market pays you to be disciplined
  • #6,382
  • Apr 3, 2010 10:36am Apr 3, 2010 10:36am
Quoting tarco
... What helped me was to simplify my thinking and not get tied up with trying to "know" what the market is doing or trying to do. IMHO the primary objective with VSA is to see when the Smart Money that moves the market is active or inactive. Most of my trades will come from some after seeing some climatic high volume or smart money telling me that market is strong or weak. Then I look for a low risk confirmation entry which is a test or no supply/demand. Look at the market in terms of strength and weakness, and let the charts tip you off....
I second all your post, and I said it before.

People here are getting nuts about labelling each piece of the chart, about identifying or giving a name to everything they see in the chart.

I think that's overthinking and too much work for nothing... And personally, I wouldn't be looking for accumulation/distribution in any chart lower than 4H, but maybe that's just me.
Also, I would stay away from low liquidity periods, like these days around Easter... I didn't trade this week, and won't trade next week either - there will be plenty of good oportunities later, so no need to force trades. Better to take some vacation time

I do as you said in this quoted part... and that's enough for capturing the pips I need
  • #6,383
  • Apr 3, 2010 11:17am Apr 3, 2010 11:17am
seen some post about vsa and not getting good guage of markets

SO MANY TIMES I have seen traders posting in asia , or low volume session on a Sunday as soon as market opens about this set up and that set up . This is completely wrong , also most do not consider daily charts when intraday trading

This week I was buying all dips GU due to daily charts being up. When daily charts are up each day picking a top off a 1 hour candle is suicide and sure to lose you money. In stead you need to wait for confirmation .

on chart 1 below I wonder how many sold 1.5120 upthrust without waiting for confirmation if they did as soon as you saw that shake out in frankie you had better get out of the trade


Instead the say i would play this is : see weakness on upthrust at top of days range in US , wait for confirmation of that on a no demand bar in london

Remember each day has an average range , once that range is hit we will see some form of volume action . We need to wait for this volume action to be confirmed.

2nd chart shows how a major reversal should happen ,. In fact I bought off 1.4920 with stop 30 pip under prior weeks close based on strength thursday / Friday . see how testing occurred .

I bet those that did not do well using vsa this week were trying to sell into the gu trend with no confirmation

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Blogging daily now at www.volume.zone
  • #6,384
  • Apr 3, 2010 11:25am Apr 3, 2010 11:25am
eu ...sure anyone that hit sell at 1.3530 due to ut and end of days range in us did ok but was not trading with the pros

look how price moved down thru asia to form daily wick on candle then we saw stopping vol in frankie , confirmed as prices drifted sideways then shake out in us session

remember vsa IS NOT ONE CANDLE AS MOST TRYING TO LEARN IT THINK IT IS

This weeks sets ups were some of the easiest I have seen in a long time

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Blogging daily now at www.volume.zone
  • #6,385
  • Apr 3, 2010 11:52am Apr 3, 2010 11:52am
sometimes you gotta take a break from things and have a laugh
  • #6,386
  • Apr 3, 2010 11:53am Apr 3, 2010 11:53am
Quoting malcolmb14
based on test last weeks close and todays closing on highs of day I am looking for a slight down move to 1.3500 / 1.3480 in asia. I will be looking for buys off this level using a 30 min chart and vsa .... target is 1.3600 to 1.3650 next 24 hours

There is my trading plan
Thanks for the heads Up, Mal. Worked out perfectly.
Also managed to catch the end of 5th wave .Looking at the 4hr
if the POc breaks , we might see a significant Fall.
BTW, i don't know how to justify this with my bullish feelins
for the DOW , solely based on whether the Government would standby
and let this overbought market fall..lol
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  • #6,387
  • Apr 3, 2010 12:03pm Apr 3, 2010 12:03pm
Quoting taomql4
Thanks for the heads Up, Mal. Worked out perfectly.
Also managed to catch the end of 5th wave .Looking at the 4hr
if the POc breaks , we might see a significant Fall.
BTW, i don't know how to justify this with my bullish feelins
for the DOW , solely based on whether the Government would standby
and let this overbought market fall..lol
forget the dj and currency correlation. There is none

nice short. ... awesome job . I did not have the balls to trade this one.
Blogging daily now at www.volume.zone
  • #6,388
  • Apr 3, 2010 12:18pm Apr 3, 2010 12:18pm
I have to get on my soapbox for a moment.

I am new to VSA, and trading as a whole. I read, study and try to understand. As I've gone through this thread, I've seen a lot of posts questioning the validity of VSA or the character of other posters here. Most of these people seem to think they should be given the knowledge of how to make money, just because they deserve it.

For all who are dissatisfied with their current status as a trader, I have a question. When you went to University, did you expect to know everything about your chosen field in the first six weeks, or even the first year? You had probably a hundred textbooks and several years to become proficient. Then, you had trade journals to study to keep up with advances in your field. Why would you expect VSA to be any different?

Even as new as I am, I can see that becoming well versed enough to make a living in FX requires as much dedication as any school of high standing. So read this thread, study the charts, read MTM, study the charts. Repeat over and over. Then demo, again over and over. Try to get a sense of what the market is telling you. Then do it all again.

Maybe then you will have the knowledge and experience to say whether or not it works for you.

It's a long term process, folks. Good luck.
  • #6,389
  • Apr 3, 2010 12:33pm Apr 3, 2010 12:33pm
best post i have seen in ff for a long time.

Quoting 4X4Fun
I have to get on my soapbox for a moment.

I am new to VSA, and trading as a whole....
Blogging daily now at www.volume.zone
  • #6,390
  • Edited 12:42pm Apr 3, 2010 12:35pm | Edited 12:42pm
Quoting taomql4
Thanks for the heads Up, Mal. Worked out perfectly.
Also managed to catch the end of 5th wave .Looking at the 4hr
if the POc breaks , we might see a significant Fall.
BTW, i don't know how to justify this with my bullish feelins
for the DOW , solely based on whether the Government would standby
and let this overbought market fall..lol
Nice one ... Caught that one too on a no demand. There was clear buying exhaustion.
  • #6,391
  • Apr 3, 2010 12:45pm Apr 3, 2010 12:45pm
Welcome to the forum 4x4. Nice post. And i'd like to say thanks again to Malc for the heads up on what to watch out for wed/thurs of last week. I for one can say, I didn't know what to expect with all the news this week and just traded careful. I picked up 170 pips tho

Donnie
  • #6,392
  • Apr 3, 2010 12:54pm Apr 3, 2010 12:54pm
Chart of Cairn energy ftse100 stock, anyone trade stocks as well with VSA?
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  • #6,393
  • Apr 3, 2010 12:59pm Apr 3, 2010 12:59pm
Quoting tarco
Bruceli,

Don't feel that you need to know what is going on in the market at all times....
Dear Tarco,

I understood that, I have to study much much more. let me read all thing once again.
i tried to found out weakness, strength and so on, but I was upset, cause nothing found about them. because I am still blind, i believe.
I agree with you totally, I have to read our our masters charts, comments, follw them for a long while, still.
anyway, I am so happy when hearing that people can say that we have some gains in this week. that's the one thing I wanna hear.
thank you very much for your supports, as well as other people who wrote here their comments.
I feel that I am not alone and I am stronger than ever, big brothers..
see you...
  • #6,394
  • Apr 3, 2010 1:01pm Apr 3, 2010 1:01pm
ok one thing i see here is 2 x sells on no demands on a 60 min chart at end of us session ....

Do you expect all pros to be in markets at end of us session ?

This one went right for you guys , but equally could have turned out like prior session.

Again there is market timing when vsa count and market timing when it does not mean a damn thing .. ie last hour of us

Next week i am looking for test 1.3540 to enter sell .... if it holds
For Gu 1.5250
Blogging daily now at www.volume.zone
  • #6,395
  • Apr 3, 2010 1:02pm Apr 3, 2010 1:02pm
Quoting sharpster
Chart of Cairn energy ftse100 stock, anyone trade stocks as well with VSA?
I dont, but I believe that no any market cant be worse than forex to guess what will happen.. and if updated, present volume is given, then why not ?
  • #6,396
  • Apr 3, 2010 1:53pm Apr 3, 2010 1:53pm
Quoting malcolmb14
ok one thing i see here is 2 x sells on no demands on a 60 min chart at end of us session ....

Do you expect all pros to be in markets at end of us session ?

This one went right for you guys , but equally could have turned out like prior session.

Again there is market timing when vsa count and market timing when it does not mean a damn thing .. ie last hour of us

Next week i am looking for test 1.3540 to enter sell .... if it holds
For Gu 1.5250
Malcolmb,

Agree. I have difficulty with volume on the hourly chart any time of the day primarily because you have similar high volumes every day in prime trading hours. But I only use future volume which I am sure exaggerates this. If I may ask, do you ever enter trades based on 1 hr vsa signals? or will you always drop down timeframes.

A common theme in some of the charts posted this afternoon is that asia session rarely makes new highs and holds them. Just something that I have noticed time and time again.

Thanks Malcolmb.
  • #6,397
  • Apr 3, 2010 1:59pm Apr 3, 2010 1:59pm
I use spot volumes on 60/ 30 and 15 min charts mostly.


Quoting tarco
Malcolmb,

Agree....
Blogging daily now at www.volume.zone
  • #6,398
  • Apr 3, 2010 2:00pm Apr 3, 2010 2:00pm
Quoting sharpster
Chart of Cairn energy ftse100 stock, anyone trade stocks as well with VSA?

check out this chart. Walgreens trade made a little while ago.

It works.
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  • #6,399
  • Apr 3, 2010 11:56pm Apr 3, 2010 11:56pm
Malcolmb14,

Can we use NoDemand bar of M5 chart to confirm UpThrust bar of M15 chart? Thanks and Best Regards.
  • #6,400
  • Apr 4, 2010 4:14am Apr 4, 2010 4:14am
Quoting polomine
Malcolmb14,

Can we use NoDemand bar of M5 chart to confirm UpThrust bar of M15 chart? Thanks and Best Regards.
I have wondered about this also and I came to this conclusion;

We would like to see a down bar after an UT so as to 'confirm' it. The M5 ND is only 1/3 of the next M15 bar, so the next M15 bar could contain a M5 ND and still be an up bar. This cenario would not be ideal.

I think for that reason, we should not do this.

An interesting question tho.
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