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vsa with Malcolm

  • #1,241
  • Jul 12, 2010 11:29am Jul 12, 2010 11:29am
Quoting wh1zz0
Not quite sure what you plotted there but the way I do it is by taking the highest volume bar of the previous period and then highlighting the full body range of the bar with the rectangle box.

I think you two may be talking at cross purposes.

It looks to me that Lower is trying to use WRB Analysis, Whilst Wh1zz0 is using volume to judge S/R levels.
  • #1,242
  • Jul 12, 2010 12:32pm Jul 12, 2010 12:32pm
nice charts and explanation malc, thank u so much, by the way, for the chart that state mark up thru supply, shouldn't it be on high volume? mtm p162, but in this chart, it seems to be low volume. Thank you for clarifying!

Bethel

Quoting malcolmb14
end of a rising market is a low spread ultra high volume up bar preferrably into new highs. It should be above the prior candle. If you look at what an evening star candle formation is , the end of the rising market should be seen on the 2nd candle of this formation ...

The bar that is highlighted in the red (1st one) is more of an upthrust style bar with high volume closing off the highs , but not the volume is not ultra high

in the 2nd cluster we had a wide spread up bar , but note that the volume is relativity low and did not break the...
  • #1,243
  • Jul 12, 2010 12:36pm Jul 12, 2010 12:36pm
once again, thank u so much for ur insights, btw, i can't seem to get the files u uploaded HG pdf file, is there anyway u can upload it again please?

thank you very much,
Bethel

Quoting Intel
Well Bethal my friend, this is a fairly simple one...........it's up to you!

If a particular TF has a good short setup and the appropriate entry occurs, then enter a short. Its that simple.

The problem arises when you try to decide when to exit. As a general rule of thumb, if the shorter TF is offering a trade in the same direction as the larger TFs, you will PROBABLY be in the trade for longer. If the shorter TF is offering a trade in the opposite direction to the larger TFs, you will PROBABLY be in for a shorter period of time because you...
  • #1,244
  • Jul 12, 2010 12:57pm Jul 12, 2010 12:57pm
Quoting lower
Its S/D zone ploted correctly? can someone check it please?
Thanks.
When plotting the S/D zone I like to use the range of the candle. That is the high and the low for the top and bottom repectively of the zone.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,245
  • Jul 12, 2010 1:00pm Jul 12, 2010 1:00pm
Quoting wajid
check volume on EU daily.

Does it show Smart Money buying?

Regards,
Wajid
Too early to tell.

A down bar on high volume always means selling. If, however, the volume is excessive and the next abar is up, then we know there was actually buying taking place. We need to wait and see if the next bar is up or at least until the close of this candle. If it is closing in the middle or upper portion of its ragne, then demand is likely swamping supply.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,246
  • Jul 12, 2010 1:09pm Jul 12, 2010 1:09pm
Quoting wajid
check volume on EU daily.

Does it show Smart Money buying?

Regards,
Wajid
I suppose your feed is from IBFX 4 digit... but you will notice they have changed it to 5 digit feed (which already existed before), and this feed has these high value volumes.

At least, that's what has happened to my feed when I started my platform today.

The immediate disadvantage is that you won't be able to compare the volumes with the previous bars;
But months ago, we compared IBFX 4 digit feed against the 5 digit feed... and the 4 digit one was a lot more accurate (meaning compared to e-signal), that's why I kept it until now.
  • #1,247
  • Jul 12, 2010 2:47pm Jul 12, 2010 2:47pm
Just a quickie for those of you who are interested in WRB analysis. If my understanding is correct, price SHOULD retrace to the WRB Hidden Gap (it was the news feed bar at 09:30).
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  • #1,248
  • Jul 12, 2010 3:04pm Jul 12, 2010 3:04pm
yes i am interested in WRB.. and i d like to learn it add to vsa...

is there any document about WRB mate ? or is there any place,source that i can learn...

cheers...
  • #1,249
  • Jul 12, 2010 3:06pm Jul 12, 2010 3:06pm
Quoting bruceli
yes i am interested in WRB.. and i d like to learn it add to vsa...

is there any document about WRB mate ? or is there any place,source that i can learn...

cheers...
I am no expert at WRB, you would do well to read the HG document I uploaded......the clue is in the name
  • #1,250
  • Jul 12, 2010 3:19pm Jul 12, 2010 3:19pm
Quoting tonirai
I suppose your feed is from IBFX 4 digit... but you will notice they have changed it to 5 digit feed (which already existed before), and this feed has these high value volumes.

At least, that's what has happened to my feed when I started my platform today.

The immediate disadvantage is that you won't be able to compare the volumes with the previous bars;
But months ago, we compared IBFX 4 digit feed against the 5 digit feed... and the 4 digit one was a lot more accurate (meaning compared to e-signal), that's why I kept it until now.
Yes
It was close to ESignal thats why i was also using Ibfx demo for charting with VSA.
  • #1,251
  • Jul 12, 2010 4:18pm Jul 12, 2010 4:18pm
Quoting Intel
I am no expert at WRB, you would do well to read the HG document I uploaded......the clue is in the name
EB7, NR4, etc ,

some terms are really maybe easy, but i am so unfamiliar :S

i ve already got hard copy of it, then you ve uploaded it, thanks a lot mate for your effert to decrease price today ,i mean for collecting all of his posts and making a doc.

then let me read and read them ...

cheers
  • #1,252
  • Jul 12, 2010 5:12pm Jul 12, 2010 5:12pm
Quoting Intel
Just a quickie for those of you who are interested in WRB analysis. If my understanding is correct, price SHOULD retrace to the WRB Hidden Gap (it was the news feed bar at 09:30).
hi mate,

at 2nd chart, today we have seen bottom reversal around 1,4950s and corresponding mark up and very fast mark down to 1,5010s even we saw 1,4980s..

we have 2 big volume areas, 1st one is at bottom reversal and second one is (even seems bigger than first one) at very fast mark down to 1,5010... some kind of stopping volume may be.. however, we have not seen any mark up after this todays second bigger volume area... thus, that bar has not confirmed if it is a stoppig volume.. but, very big volume and the shape of the bar may could sign of stop volume, hence we may see some mark up from here..

i mean, second volume area is very high, and i can only think it as "buying dips"... but no seen yet any second mark up from this level...

besides, or daily projection is about very very low levels such as 1,48-1,42 , then we may see suddenly those levels , but how ?

tomorrow will be very very educationg day for me while monitoring PA...

lastly, this price region just after yesterday's closing of usa market with a mark down with very low volume.. i mean, above of this price level seems to go easy as while going today from 1,5010s to 1,5080s

if we see any down move from here, i cannot understand anyway... cause there is very high volume area...
  • #1,253
  • Jul 12, 2010 7:36pm Jul 12, 2010 7:36pm
Quick response as doing this on iPhone. Yes to should you sell under support . Mml I change my setting to 30 or 60 min so that the distance between each mml is about 1/4 to 1/3 of the average days range

Quoting Jasus
Hi, I got a question about a trade I did on USD/JPY. I saw heavy distribution on the background, and I entered the trade on a failed test (where the ellipse is) to the lower trendline. But there was a support below (MML), so should I have waited for the prices to break this support?

And btw, what period should I use for MML for 5 mins charts? I think there are way too many lines on the chart lol
Blogging daily now at www.volume.zone
  • #1,254
  • Jul 12, 2010 10:39pm Jul 12, 2010 10:39pm
Quoting Intel
Just a quickie for those of you who are interested in WRB analysis. If my understanding is correct, price SHOULD retrace to the WRB Hidden Gap (it was the news feed bar at 09:30).
Yes,

but why choose that particular bar as a WRB candle? Others on the chart are much larger, so I'd assume they might have greater impact on changing Supply/Demand expectations.

f451
  • #1,255
  • Jul 13, 2010 12:54am Jul 13, 2010 12:54am
Hi malc, just wondering how you so accurately predict the target, i know its possible to predict up/down, but how do you know the target, aahaha, this is my first question.

my 2nd question is do you mind explaining the part where you said they killed es last 15min on fri? how does it lead to bearish aj? es = es mini S&P?

thank you for your teachings,
Bethel


Quoting malcolmb14
yup i just entered a sell trade aj ...for a quick 50

came right off the lower value area of Friday

and they way they killed es last 15 min of market Friday and the lower high on the 30 min I am fairly bearish aj

Attachment
  • #1,256
  • Jul 13, 2010 3:25am Jul 13, 2010 3:25am
i see something, but i cannot read what it means whether it says anything...

i ve written my view before here about previous mark down yesterday after top,
and again price has been pulled down a support level, and volume increased in this present range...

can it be a sign of increase today again as yesterday ?

cheers..
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  • #1,257
  • Jul 13, 2010 4:43am Jul 13, 2010 4:43am
very nice low vol test on Eu 5min chart.
Attached Image
  • #1,258
  • Jul 13, 2010 7:14am Jul 13, 2010 7:14am
Question to intel and HG.

i have attached two chart first 15GU and second GU5 5

on 15 min chart I have mentioned two test.

both in area of s/d. which one is valid

1st test is above the previous bar low is high and also bar closed higher then previous bar.
can it be a low vol test or can some one read it a no deman bar.

I did not feel it a low volume test.

But second test looks like a valid low volume test.

becoz it is lowers low and volume is low spread is low bare came down an

closes higher than its open.

Am I right?
Attached Images
  • #1,259
  • Jul 13, 2010 8:04am Jul 13, 2010 8:04am
Hi Guys,

I would like to ask you a question about the vsa entry setup.
I know that the best entry (after detecting strenght/weakness) is to enter after a succesful test/no demand. But what if we do not get them? That happens often...

Are you guys entering the trade after other bars like a shake out (to buy) or a Upthrust (to sell)?

Also let say that for example, you do get a succesful test of course after clear signs of strenght and the market strats to go up and then the hull change to green. how would you then enter? Because you already had a succesful test...? I'm confused with this one.

Thanks a lot,
@mel
  • #1,260
  • Jul 13, 2010 8:20am Jul 13, 2010 8:20am
Potential weakness comming into the euro. 1.27 has been strong resistance for the last week, it will be interesting to see what happens if we get to that level again.
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