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vsa with Malcolm

  • #1,821
  • Aug 2, 2010 10:32am Aug 2, 2010 10:32am
Quoting malcolmb14
Guys dubai fx is not a vsaer .... but a serious trader ... hope you do not mind him posting in here , we have chatted back and forth over the years.

His posts may have nothing to do with vsa , but all his trades have very valid reasons.
Hey we're all guests on YOUR thread. Personally I welcome all experienced traders, it means I may become a more rounded trader myself. Unless of course, they are intent on telling us how VSA can't work!

Sorry Dubai fx, I didn't realise you weren't a vsaer. Next time I make VSA comments about your charts I will post a better description.

Oh and if Mal rates you as a trader, I welcome your comments (good and bad)about my posts.......
  • #1,822
  • Aug 2, 2010 10:50am Aug 2, 2010 10:50am
Quoting Intel
Hey we're all guests on YOUR thread. Personally I welcome all experienced traders, it means I may become a more rounded trader myself. Unless of course, they are intent on telling us how VSA can't work!

Sorry Dubai fx, I didn't realise you weren't a vsaer. Next time I make VSA comments about your charts I will post a better description.

Oh and if Mal rates you as a trader, I welcome your comments (good and bad)about my posts.......

not my thread .. this is OUR thread , our being collective for anyone that comes here , where we can post with our ideas without being called a muppet or the biggest idiot on forexfactory or other such things.

Iam enjoying the banter and ideas posted here and the group of good folks we have on this thread to date.

I was called a dictator on the weekend due to putting a fellow on my ignore list . This was not due to the fact that I disagreed with his posting 100 % and in fact he was wrong 100% and deleted those posting , but due to the rubbish that he was posting in this forum.

so far this forum has been awesome with awesome input from everyone. I hope it remains that way.
Blogging daily now at www.volume.zone
  • #1,823
  • Aug 2, 2010 10:58am Aug 2, 2010 10:58am
Quoting malcolmb14
not my thread .. this is OUR thread , our being collective for anyone that comes here , where we can post with our ideas without being called a muppet or the biggest idiot on forexfactory or other such things....
I feel more confident when checking Mal view and found it the same
  • #1,824
  • Aug 2, 2010 11:44am Aug 2, 2010 11:44am
Quoting Intel
I see your positioning yourself for a much larger move than I normally deal with. For what it's worth tho, you could have taken a few pips while you're waiting for it....
Trade update.

We managed to push through the resistance area. The 2 wide spread up bars closing well off the highs on high volume, were showing us the Smart Money(SM) absorbing the supply. The doji shows further evidence of this as SM matched all sells by the herd.

Then SM marked the price downwards to see if supply had dried up. Then down bar made a new recent low on low volume with the next bar up, indicating that SM had done their job, and price could now continue up.

We may see another look at that support area before SM makes its next move.
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  • #1,825
  • Aug 2, 2010 11:50am Aug 2, 2010 11:50am
Quoting DubaiFX
chart...
Do you still have your shorts?

Hope it comes back down for you, not sure at the moment tho.
  • #1,826
  • Aug 2, 2010 1:10pm Aug 2, 2010 1:10pm
Hello everyone - Just joined as new member of FF....Been trading forex since Oct '09 with approx 90% profits. Not at your level, but it surely beats the current stock market. I am pleased...so is my wife

I have MAC and not able to access to many tools such as VSA & MT4. I use mainly on MACD & MAs and starting to rely on longer TF such 4hr due to my full time job as HS teacher. Still I make the time to read, analyze & backtest on daily basis.

Mal, you talked about Hulls...i am assuming you refer to MAs? if so, what nbr periods you use? exp or simple? I made few bad trades on GU lately...

Thanks,

mrgintz
  • #1,827
  • Aug 2, 2010 1:50pm Aug 2, 2010 1:50pm
Is that Karthic Malik in the thread?
  • #1,828
  • Aug 2, 2010 2:30pm Aug 2, 2010 2:30pm
Are you asking me? Who is this Malik??

mrgintz
  • #1,829
  • Aug 2, 2010 3:12pm Aug 2, 2010 3:12pm
Hey Mal, Intel Just got a few quick questions for you....

Intel in your chart, you said about the doji:

'The doji shows further evidence of this as SM matched all sells by the herd'

Just wondered what you meant by that and how you know that by the formation of the bar (ive been looking at its keeps bloody buggin me!!)
...e.g. how can we tell that SM have absorbed here?

(Btw you entered that trade due to the low vol down after we had gone above the trading range/old top right?)

-------------------------------------------------

Also Mal got your chart ive marked the down bar with high vol, we know that the volume must be buying as the next bar is up, i just wondered if the long wick at the top of the candle shows us that buyers where being hit with sells??
Surely that bar played a part in the move? pro buying? (due to next bar up)

Cheers Guys
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  • #1,830
  • Edited 4:32pm Aug 2, 2010 4:16pm | Edited 4:32pm
Quoting Tea_trader
Hey Mal, Intel Just got a few quick questions for you....

Intel in your chart, you said about the doji:

'The doji shows further evidence of this as SM matched all sells by the herd'

Just wondered what you meant by that and how you know that by the formation of the bar (ive been looking at its keeps bloody buggin me!!)
...e.g. how can we tell that SM have absorbed here?

(Btw you entered that trade due to the low vol down after we had gone above the trading range/old top right?)

-------------------------------------------------

Also Mal...
OK

We have a bar where the close is VERY close to the close of the previous bar. Its spread is not too narrow unfortunately, the narrower the better. It is on less but still high volume.


If we have high volume but price finishes at the same level then all the sell orders must have been matched by SM.

Side note :-

It is widely believed by traders that the doji represents indecision in the market. I beg to differ. In fact, I believe this to be completely opposite to the truth. If all the herds trades have been matched by SM, they will be doing it with a plan very much in mind. If it is done on high volume, it is definately done with a purpose.
  • #1,831
  • Aug 2, 2010 6:03pm Aug 2, 2010 6:03pm
Quoting Intel
OK

We have a bar where the close is VERY close to the close of the previous bar. Its spread is not too narrow unfortunately, the narrower the better. It is on less but still high volume.


If we have high volume but price finishes at the same level then all the sell orders must have been matched by SM.

Side note :-

It is widely believed by traders that the doji represents indecision in the market. I beg to differ. In fact, I believe this to be completely opposite to the truth. If all the herds trades have been matched by SM, they...
Hey Intel...if you don't mind, could I ask you to expand a bit on this explanation? On the bar Tea Time marked "Doji?", I see how it's high volume closing near prior close, and your explanation makes sense. But here's where I get confused on these bars: couldn't another explanation be that SM is selling into that upmove, and that's what's keeping it from going any higher on all that volume?

What's the difference there, and how do you know it's SM absorbing the selling rather than SM selling into the buying? Is it because the background had a lot of strength in it, and the current move was up?

I guess this is called "absorption volume"? I "get it" on a lot of VSA stuff, but this is one area I've always been a bit confused by. Appreciate any clarifying comments (by Intel or others). Thanks
  • #1,832
  • Aug 2, 2010 9:42pm Aug 2, 2010 9:42pm
hi malc, you mentioned 18 hrs in front of the chart, hmm...so what do i look out for? any specifics? I felt like i was just staring at the screen...haha, thank you, appreciate it.

Bethel

Quoting malcolmb14
not my thread .. this is OUR thread , our being collective for anyone that comes here , where we can post with our ideas without being called a muppet or the biggest idiot on forexfactory or other such things.

Iam enjoying the banter and ideas posted here and the group of good folks we have on this thread to date.

I was called a dictator on the weekend due to putting a fellow on my ignore list . This was not due to the fact that I disagreed with his posting 100 % and in fact he was wrong 100% and deleted those posting , but due to the rubbish...
  • #1,833
  • Aug 2, 2010 9:48pm Aug 2, 2010 9:48pm
Quoting Tea_trader
...Also Mal got your chart ive marked the down bar with high vol, we know that the volume must be buying as the next bar is up, i just wondered if the long wick at the top of the candle shows us that buyers where being hit with sells??
Surely that bar played a part in the move? pro buying? (due to next bar up)

Cheers Guys
Yes Mal can you explain further your thinking here on this candle. It is a bit confusing to me. We do see a down candle on climatic volume with the next candle up. But that next candle is up on volume less than the previous two candles. In addition the high volume candle looks like an Up thrust -although out of place. That wick seems to be screaming suppling being dumped into the market. Thanks.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #1,834
  • Aug 2, 2010 9:51pm Aug 2, 2010 9:51pm
ah now i see it , yes when we see ultra high vol down bars like that with next bar sideways or up we can assume one of 2 things ...

the down move was on bad news and the buyers were hitting it...
or as in this case sellers were hitting it but they were absorbed.

Quoting Tea_trader
Hey Mal, Intel Just got a few quick questions for you....

Intel in your chart, you said about the doji:

'The doji shows further evidence of this as SM matched all sells by the herd'

Just wondered what you meant by that and how you know that by the formation of the bar (ive been looking at its keeps bloody buggin me!!)
...e.g. how can we tell that SM have absorbed here?

(Btw you entered that trade due to the low vol down after we had gone above the trading range/old top right?)

-------------------------------------------------

Also Mal...
Blogging daily now at www.volume.zone
  • #1,835
  • Aug 3, 2010 1:35am Aug 3, 2010 1:35am
Quoting malcolmb14
three bars marked this up move coming

was late to game closed mine for 70 pip for us session. Thinking 1.3500 is 1.3200 breaks ,

for now till 4 hr changes I will buy dips

Attachment
Sorry, clear as mud. Probably me being slow. I can see the first bar is down on high volume with the next bar up so there's some evidence of strength. But there are signs of weakness in that range too.

The third bar is a low volume test though it doesn't immediately hit me in the face because the bars around it are low volume too. I don't see any particular significance in the second bar at all.
  • #1,836
  • Aug 3, 2010 2:57am Aug 3, 2010 2:57am
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People are different. For me, this will be when I will look to possibly turn on the hulls and look to trail i.e wait for it to change in my favour and when it does, good - if not, follow original VSA plan. I believe that by using hulls as part of your entry signals you are no longer enjoying an essential benefit of using the VSA methodology. One major advantage of PURE VSA signals over other methods is that it gives very early entries. In fact, scary entries which many people would see and ask if you are crazy and when people are just looking to buy on pull backs you are already 20-30 pips up. When you decide to wait for the hulls to change color before you enter, I know you're trying to get the safest possible trade, but truthfully you just might be getting in late (perhaps when the action is ending? maybe not but late).

Not trying to contradict anyone's method or belief or what works for him/her, just stating what I feel.


Cheers
  • #1,837
  • Aug 3, 2010 3:36am Aug 3, 2010 3:36am
Let's face it, hulls is just an MACD crossover but disguised with beautiful colors

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  • #1,838
  • Aug 3, 2010 6:16am Aug 3, 2010 6:16am
Quoting wh1zz0
Let's face it, hulls is just an MACD crossover but disguised with beautiful colors

Attachment
Amen.

You are clearly one of the smarter people in this discussion. Using hulls with vsa is like knowingly driving a car with flat tires. You might get where you are going but it wasn't because you drove there on flat tires.
Reserved
  • #1,839
  • Aug 3, 2010 8:13am Aug 3, 2010 8:13am
Quoting wh1zz0
Attachment

People are different. For me, this will be when I will look to possibly turn on the hulls and look to trail i.e wait for it to change in my favour and when it does, good - if not, follow original VSA plan. I believe that by using hulls as part of your entry signals you are no longer enjoying an essential benefit of using the VSA methodology. One major advantage of PURE VSA signals over other methods is that it gives very early entries. In fact, scary entries which many people would see and ask if you are crazy and when...
VSA is the scanner in my car that tells me there are no cops around and i can blow the light , and HULLs is just the traffic light . But if i know am on I-95(43 miles long) , i can afford to wait...(No ticket what so ever).
  • #1,840
  • Aug 3, 2010 9:15am Aug 3, 2010 9:15am
gbp and eur is being thrashed now.
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