vsa with Malcolm | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #1,401
  • Jul 17, 2010 1:54am Jul 17, 2010 1:54am
[
Quote
QUOTE]
Quoting toob
Why do you bother with terminology so much. You only look for high and low volume and compare it with the spread of a bar.
Tom also said, you have to ask yourself what SM is doing and why is doing that.
It's not enaugh to memorize the patterns like squat, climax, bag holding, end of rising market, no demand, test...but you need to understand why this appeared on the chart and why it appeared at that place.

It is important to know and use the same lenguaje between us in order to improve our comunication and skills, also it is important avoid confusion terminology and have a better understanding of the psychology of SM.

Best regards!
  • #1,402
  • Edited 4:29am Jul 17, 2010 4:13am | Edited 4:29am
LOL....

@toob & @3mmm

Read properly before making conclusions about what I am worried about or not worried about. I assume you did not read my posts properly from the scratch of the question. It's not like I am interested in the term just for the ordinary sake of it, but rather for clarity purpose in distinguishing the difference, if any, between the two.

For your information, if you are not interested in thinking out of the box, I am as always. The fact that I asked for clarification doesn't mean it is the terms that are most important to me rather than the charts or operation of SM. I can decide to trade and not bother myself with even posting at all on here and it wouldn't change a thing but because this is a forum and everyone is looking to gain one thing or the other in understanding, it is important to use the correct lingo so you don't leave the others behind.

Secondly, it is even for your own good that you know the right terms or their synonyms because if you do not you will find it hard communicating on here. This is why new people who come in to try and learn VSA get so confused. In my opinion, clearing this off the table has helped someone, if it hasn't helped you.

Anyway, let me state again clearly just in case you couldn't read in between the lines of simple posts. All the time I attended the VSA boot camps and more, I never heard Tom make use of the word "Squat", he never even mentioned it in his book MTM. Now I begin to hear the term squat, and again if you are not inquisitive/interested in finding out certain things by yourself, I am. At least I am now sure that it's the same thing we're referring to.

If Mr A doesn't have a name and you wish to tell someone about Mr A, then what do you say? How do you say it so that the person you are talking to will understand who you are referring to? If you do not still get the point, then forget about what I just wrote.

Have a nice weekend.

Cheers.
  • #1,403
  • Jul 17, 2010 1:38pm Jul 17, 2010 1:38pm
longer term analysis of eur/jpy
first chart is weekly view second is daily view

inputs and critique more then welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur jpy w.gif Size: 24 KB
Click to Enlarge Name: eur jpy d.gif Size: 25 KB
  • #1,404
  • Jul 17, 2010 5:58pm Jul 17, 2010 5:58pm
Wow my volume is very different from yours. I'm using Alpari data, is that ok?

Anyway on my chart I see things a little different. And on the daily you pointed many NDs, but they're down days so they're not no demand bars.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyweekly.png Size: 55 KB
  • #1,405
  • Jul 17, 2010 11:09pm Jul 17, 2010 11:09pm
Quoting wh1zz0
LOL....


In my opinion, clearing this off the table has helped someone, if it hasn't helped you.


Cheers.

You are asking many questions which i wanted to ask, Thanks for the questions and Thanks for the answers HG.
  • #1,406
  • Jul 18, 2010 12:24pm Jul 18, 2010 12:24pm
Quoting Jasus
Wow my volume is very different from yours. I'm using Alpari data, is that ok?

Anyway on my chart I see things a little different. And on the daily you pointed many NDs, but they're down days so they're not no demand bars.
First, It is possible to have No Demands on down bars, if they are making higher highs. It warms my heart as Gavin is expanding his definition to include this. Yes, we're ahead of the class cause we already knew "buying" bars that closes lower with then next candle down on volume less than the previous two are No Demands when they are in the right place.

Anyway, as for as your analysis I would agree. There is strength here. Besides the No supply candle, which shows strength. Note that every up candle is on increasing volume that is not excessive. The basic definition of bullish volume is increasing volume on up candles and decreasing volume on down candles. This situation has both, although I have only highlighted the up candles.
Attached Image (click to enlarge)
Click to Enlarge Name: Current2.png Size: 111 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,407
  • Jul 18, 2010 1:04pm Jul 18, 2010 1:04pm
gd morning sir, will you please explain the no supply entry 2 again? i don't understand, forgive my stupidity, thank you

cheers,
Bethel

Quoting HiddenGap
Again, I don't use Hulls but I think this is kind of what you are talking about.

The market gives a beautiful 2 candle bottom reversal and then comes back and finds no supply in the range of the reversal candle. But price is below the BPL and BPL is red. In other words, this very strong signal of strength can't be taken by our rules.

Price moves above the BPL signaling a change in trend and the BPL turns blue. We see two signs of strength that don't make good entries as per our rules. We see a No Selling Pressure candle. The problem here is...
  • #1,408
  • Jul 18, 2010 1:23pm Jul 18, 2010 1:23pm
Quoting Bethel
gd morning sir, will you please explain the no supply entry 2 again? i don't understand, forgive my stupidity, thank you

cheers,
Bethel
Sure. It is a bit confusing at first, so you are not alone in not understanding.

Tom says we should enter (short) on UP bars/candles and enter (long) on DOWN candles.

Rather than actually entering on the close of the bar/candle we use this technique: (the opposite is true for shorts)

When we see a No Supply or Test it will be on a narrow range down bar/candle with volume less than the previous two and in the correct place with strength in the background.

We don't enter on the close but we place an order to get long just above the high of this No Supply/ Test bar/candle.

At this point we need to recognize that the No Supply/Test is not actually confirmed until the next bar/candle closes HIGHER than the close of the No Supply/Test's close. But we have already placed our buy stop just above the high, so we could be brought into the market PRIOR to the confirmation of the No Supply/Test. Again, the confirmation bar/candle would be an up close and we don't want to buy on an up close.

In the example in that chart, the No Supply candle is not confirmed as the next candle is down. Yet, you would have been entered into the market because the next candle did make a higher high. Which would have triggered your buy stop.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,409
  • Jul 18, 2010 1:38pm Jul 18, 2010 1:38pm
Mal;

welcome back (if you are). Hope you enjoyed your holiday. I would love to see a daily TG chart of the emini please.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,410
  • Jul 18, 2010 1:41pm Jul 18, 2010 1:41pm
http://www.forexfactory.com/showpost...postcount=1341

hi fellow traders, anyone mind helping me with this question? =)

thank you very much

cheers,
Bethel
  • #1,411
  • Jul 18, 2010 1:45pm Jul 18, 2010 1:45pm
I see the light now, thank you!!!

cheers,
Bethel


Quoting HiddenGap
Sure. It is a bit confusing at first, so you are not alone in not understanding.

Tom says we should enter (short) on UP bars/candles and enter (long) on DOWN candles.

Rather than actually entering on the close of the bar/candle we use this technique: (the opposite is true for shorts)

When we see a No Supply or Test it will be on a narrow range down bar/candle with volume less than the previous two and in the correct place with strength in the background.

We don't enter on the close but we place an order to get long just above the high of...
  • #1,412
  • Jul 18, 2010 5:07pm Jul 18, 2010 5:07pm
Quoting HiddenGap
Mal;

welcome back (if you are). Hope you enjoyed your holiday. I would love to see a daily TG chart of the emini please.
back to reality after a wonderful week of boating / fishing and beach in the Interior of BC

Here is the es chart , awesome no demand bar right where we would expect it at 1100 r level , sent market sideways.

Fridays bar on highish vol closing on lows is bearish , however friday was options expiry and based on the recent trend from 1000 there may have been several calls that were exercised , so waiting for Monday to confirm fridays down day . If in fact we are setting up in a channel 1056 is major support , then 1050 , then 1040

the down move in indexes could well be confirmed by CAT weekly below


Attached Image (click to enlarge)
Click to Enlarge Name: es.jpg Size: 196 KB
Blogging daily now at www.volume.zone
  • #1,413
  • Jul 18, 2010 5:21pm Jul 18, 2010 5:21pm
CAT weekly looking bearish , thinking 65 rejection for 60 to 55 target

Attached Image (click to enlarge)
Click to Enlarge Name: chart2526.png Size: 175 KB
Blogging daily now at www.volume.zone
  • #1,414
  • Jul 18, 2010 6:49pm Jul 18, 2010 6:49pm
Quoting declaime
My platform also crashed on two attempts. First with 500 bars, then with 250 bars. But nevertheless, thank you for the effort f451.


Regards

Wolfgang
Ok. I'll have my feed up today and can debug tonight. I'll post a new version once I figure out what's wrong.

cheers
f451
  • #1,415
  • Jul 18, 2010 6:51pm Jul 18, 2010 6:51pm
Quoting polomine
Hi, f451

Your version of BetterVoluem 1.4 doesn't work, I have tried twice, but crash my MT4. Could you take a look at it?

BTW, I have a question regarding i-SessionLn, please see the attached pic.

Thanks and regards
polomine
Yep - I-SessionLn draws the lined or background colored rectangles around the high and low of each session based on the hours you set for broker's local time.
  • #1,416
  • Jul 18, 2010 6:52pm Jul 18, 2010 6:52pm
Quoting polomine
Hi, f451

Your version of BetterVoluem 1.4 doesn't work, I have tried twice, but crash my MT4. Could you take a look at it?

BTW, I have a question regarding i-SessionLn, please see the attached pic.

Thanks and regards
polomine
Not sure about the blue rectangle. There is a known issue with friday - monday drawing when the tick feed stops on friday night.
  • #1,417
  • Jul 18, 2010 8:14pm Jul 18, 2010 8:14pm
hi bruceli,

not sure if im right but these are my thoughts,

to the left of the chart, it seems like weakness in the background as SM sells on the up bars.

But to the edge of the chart, it seems that there are hidden buying, followed by no supply... so....

is the story saying that SM are attempting to rise ? and are absorbing supplies now?

hope HG, intel and other seniors traders can help with this

appreciate the pros' time in answering this,
Bethel


Quoting bruceli
in chart, in my opnion, lows are being bought, if so, we should wait for no demand bar, and effort to rise .. if those occurs, then , shall we have some up day again...

besides, in this zone, at yesterday late session, there was a very big volume zone...

additionally, previous 2 bars seems to me 2 bar reversal with higher volume...

any comments please ?

cheers...
  • #1,418
  • Jul 18, 2010 8:31pm Jul 18, 2010 8:31pm
greetings HG, sir, in this chart, it seems that your squat is actually quite wide? i always thought a squat is like a doji? please correct me if im wrong.

cheers,
Bethel

Quoting HiddenGap
End of a Rising Market, and Bag Holding are two specific type of squats as identified by Tom Williams. Broadly speaking, I would refer to any candle/bar that closes HIGHER with a narrow range on increasing volume as an Up Squat. And any bar that closes LOWER with a narrower range then the previous candle/bar and increasing volume as a Down Squat.

According to the checklist for going long (buying) on p. 112 in Master the Markets, Tom asks the following:

".... Is there a narrow spread with high volume on a down-day? (must close on the...
  • #1,419
  • Jul 18, 2010 8:43pm Jul 18, 2010 8:43pm
while what you saw was right in some regards you can see this a lot better on the 30 min , the wide spread high vol down bar did send the market sideways but was not enough to change the trend ( hulls ma was red all london and us session) , due to the hulls being red we should not be taking longs against the current trend , and should be looking for sell opportunities. ..one of my golden rules.. after seeing a potential vsa set up wait for the trend to change do not bottom or top pick

One did present itself in the form of an upthrust right under the prior days point of control.


Attached Image (click to enlarge)
Click to Enlarge Name: chart2527.png Size: 205 KB





Quoting bruceli
in chart, in my opnion, lows are being bought, if so, we should wait for no demand bar, and effort to rise .. if those occurs, then , shall we have some up day again...

besides, in this zone, at yesterday late session, there was a very big volume zone...

additionally, previous 2 bars seems to me 2 bar reversal with higher volume...

any comments please ?

cheers...
Blogging daily now at www.volume.zone
  • #1,420
  • Edited 9:01pm Jul 18, 2010 8:50pm | Edited 9:01pm
Quoting Bethel
greetings HG, sir, in this chart, it seems that your squat is actually quite wide? i always thought a squat is like a doji? please correct me if im wrong.

cheers,
Bethel
Actually, the range on that particular squat is less than the previous 3 candles. Thus it is a NR4. Like volume, we use RELATIVE comparisons with range.

And doji is a Japanese candlestick term that means open is equal to the close. While it is true that some of the "best" No Demands/No Supplys, Tests, or Squats bars/candles will be dojis, being a doji is not part of the definition.
Without VSA, you're playing checkers while the Smart Money plays chess.
92 traders viewing now