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vsa with Malcolm

  • #2,681
  • Aug 19, 2010 7:53am Aug 19, 2010 7:53am
Quoting malcolmb14
what is going on with eui and gu ?

mark down in asia again but NO buying interest

eu broke that bear flag on 4 hour and hulls on 4 hour has turned down
Hi found buying and test in asia session and then a test.

and then in uk session (sky blue area) again high buying at 1.5533 and then stoping volume at 1.5510 and then low volume test. below in chart

Is may analysis is right?
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  • #2,682
  • Aug 19, 2010 8:10am Aug 19, 2010 8:10am
Quoting Icytrader
i am actually thinking that the people that control the market know that more people have gotten to know their techniques.It always happen in the market, when a lot of people get to know something that something stops working. Maybe their just shaking us out, or using other methods, Who knows?. Im kinda paranoid. Ive lost money this week.
If you find that your making too many losing trades, go back to demoing for a while. Or you will become dissenchanted with VSA and stop using it.

It's probably a case of you thinking you are ready to trade when in reality, you're probably not. I mean no offence by this, it's something we all go through and most of us lose a lot of money because our ego stops us from admitting it.

Go over you educational documents again, look back at your trades and find out what worked and what didn't and above all be honest with yourself. If you're unsure about something, ask. I'm sure between us all we can find the answer.
  • #2,683
  • Aug 19, 2010 8:55am Aug 19, 2010 8:55am
Quoting wh1zz0


And yet again VSA catches the move!

Hope you guys got some.. I'm still holding it because:

1) Today is thursday, my statistics tells me GU trends the most on Thursdays and Fridays

2) The way it shot up, I & SM ( ) already bought earlier and locking in others from getting in.

It's good to see VSA catching the moves .. 4th consecutive time on a row.
I saw what for me was the selling climax but the gradual drift down left me wondering where to get an entry, with the news coming that didn't happen.

Are there any words of wisdom from more experienced vsa traders or was this one just one of those that got away?

Vol is fxpro live.
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  • #2,684
  • Aug 19, 2010 9:54am Aug 19, 2010 9:54am
today i get your marketprofile indi would you mind to tell how the set up in 15mins, 5mins and hourly tf chart

thank you
  • #2,685
  • Edited 1:27pm Aug 19, 2010 9:58am | Edited 1:27pm
Quoting Icytrader
i am actually thinking that the people that control the market know that more people have gotten to know their techniques.It always happen in the market, when a lot of people get to know something that something stops working. Maybe their just shaking us out, or using other methods, Who knows?. Im kinda paranoid. Ive lost money this week.
REALITY CHECK :

1. Syndicates Get it Wrong and lose money too , and Tom williams is still learning at
age 80 'something .

2. VSA is here to stay--Large investors and syndicates are not going
to start Buying on climatic upbars anytime soon, unless of course they are
trying to absorb something..lol-so this is how they will Trade(FOREVER).

3. They have no other choice...
  • #2,686
  • Aug 19, 2010 10:13am Aug 19, 2010 10:13am
Quoting Vantage
I saw what for me was the selling climax but the gradual drift down left me wondering where to get an entry, with the news coming that didn't happen.

Are there any words of wisdom from more experienced vsa traders or was this one just one of those that got away?

Vol is fxpro live.

This is why I do not trade around major news releases.
  • #2,687
  • Aug 19, 2010 12:20pm Aug 19, 2010 12:20pm
mel eu getting hit with seller 2900 every time it went there. I have htis odd feeling we are going to see wave 3 down starting september and running about 1000 pip . I took sell positions for a swing today at 2850 , large stop ( 200 pip) but 1:5 r/r ratio

i was on es today due to an ut yesterday on daily look for every advantge to sell and I had 2 , got almost 25 points ... I trade es 1 point = 10 pip ,

Look for any weakness on eu 1 hour for further entries , looking at

1) seller hitting eu on 4 hr
2) support line 2850 holding
3) hulls moving average red
4) bear flag of sorts breaking

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Quoting @mel
Hi Malcolm,

I hope you are fine.

Monday morning I was looking at the weekly charts to see what the trend of the eur-usd was. To me the main trend was down however in the last weeks we have seen some pull back on the weekly charts. I fibed last week candle to see where price might pull back this week . Last week candle was huge, we are already thursday and price couldn't really past the 38,2% fib. This is not VSA but I like to see where price could react on a weekly chart.
Maybe, last week pa was too wide and the sm are not intrested in higher...
Blogging daily now at www.volume.zone
  • #2,688
  • Aug 19, 2010 1:03pm Aug 19, 2010 1:03pm
Quoting Vantage
I saw what for me was the selling climax but the gradual drift down left me wondering where to get an entry, with the news coming that didn't happen.

Are there any words of wisdom from more experienced vsa traders or was this one just one of those that got away?

Vol is fxpro live.
Gavin from tradeguider uses buy&sell limit orders.
There is a link to free videos where he speaks about his trading stategy.


http://www.forexfactory.com/showpost...postcount=1140
  • #2,689
  • Aug 19, 2010 1:45pm Aug 19, 2010 1:45pm
From MTM p.95

• At point (a), we have a startling shake-out. This is a potential indication of weakness taken in isolation. However, there is little, or no, major distribution phase in the background, which is normally indicated by high volume on up-bars near a market top. There is no buying climax in the background either. If the shake-out at (a) was a major sign of weakness there would be weakness in the background.

There is no follow-through to the downside on the day after the shake-out – in fact the market has gone up! If the high volume had been bearish, the market would not go up.

• At the two points marked by (b), we have two classic 'tests' (see testing). However, look at the volume – it is high in both cases! The high volume means that we must judge the test to have failed. A successful test needs low volume, not high. At this stage, the market is not ready for an up-move, as there is still supply present.

• At point (c), we have a reaction back down into the previous high volume area; the volume is now average to low – this is now a buy signal. Why is this? It takes selling pressure to go down and through the support seen at the 'shake-out' area. This pressure has now disappeared as is seen by the low volume. Point (d) is also a successful test that represents a buy signal. The volume is not higher than the test at point (c) and certainly lower than the two days at (b).
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  • #2,690
  • Aug 19, 2010 8:42pm Aug 19, 2010 8:42pm
EU YOUR ARSE IS MINE ...lol

1) no demand 3 days back
2) lower closes on daily
3) red trend diamonds
4) 2800 breaks 200 to 400 pip trade

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Blogging daily now at www.volume.zone
  • #2,691
  • Aug 19, 2010 8:54pm Aug 19, 2010 8:54pm
That would be cool.
Quoting malcolmb14
EU YOUR ARSE IS MINE ...lol

1) no demand 3 days back
2) lower closes on daily
3) red trend diamonds
4) 2800 breaks 200 to 400 pip trade

Attachment
  • #2,692
  • Aug 20, 2010 1:35am Aug 20, 2010 1:35am
I'm really liking vsa

Price drifts up on low volume only to be sold heavily.
Managed to get in at 1.2899 and 1.2864 yesterday
I suppose there might be a last chance to catch the bus south before us session.

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Mind over matter..I don't mind and you don't matter.
  • #2,693
  • Aug 20, 2010 1:49am Aug 20, 2010 1:49am
be careful with the 4 hour volume as it tends to repeat itself. Not saying that you cant use it with effect but go into the lower time frames to confirm.
  • #2,694
  • Aug 20, 2010 3:12am Aug 20, 2010 3:12am
How would you trade this?..........or indeed, would you trade this at all?

This is quite a weak setup so much care is needed here. If price breaks the low of the 'order matching' bar I would short it. However, if price breaks the high of the 'UT type' bar I would do nothing till I get more info.
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  • #2,695
  • Aug 20, 2010 3:56am Aug 20, 2010 3:56am
Quoting Intel
How would you trade this?..........or indeed, would you trade this at all?

This is quite a weak setup so much care is needed here. If price breaks the low of the 'order matching' bar I would short it. However, if price breaks the high of the 'UT type' bar I would do nothing till I get more info.
Out at 763 for 50 pips. I actually made a mistake when setting my entry. Instead of entering 2 pips below the order matching bar, I entered 2 pips above. Simple error but could have cost me dear.

35 minute trade. I would still be in but I'm playing golf soon so goto go.

Hope you all make pips today.
  • #2,696
  • Aug 20, 2010 4:07am Aug 20, 2010 4:07am
Quoting Intel
Out at 763 for 50 pips. I actually made a mistake when setting my entry. Instead of entering 2 pips below the order matching bar, I entered 2 pips above. Simple error but could have cost me dear.

35 minute trade. I would still be in but I'm playing golf soon so goto go.

Hope you all make pips today.
Intel

Been lurking for a while here taking has much as I can in. Followed Mals posts for about 12 months too. Been trading for about 2-3 years so have a good idea of price action and cycles but new to VSA. Started reading MTM which is a great read. Dropped the better volume 1.4 on the chart and set up like Mal has much as poss.

My question is - When first scanning the charts beit EU or GU what is the first or main TF you look at for picking out initial VSA setups?

Regards

Dave
  • #2,697
  • Aug 20, 2010 4:18am Aug 20, 2010 4:18am
Quoting rossobonks
Intel

Been lurking for a while here taking has much as I can in. Followed Mals posts for about 12 months too. Been trading for about 2-3 years so have a good idea of price action and cycles but new to VSA. Started reading MTM which is a great read. Dropped the better volume 1.4 on the chart and set up like Mal has much as poss.

My question is - When first scanning the charts beit EU or GU what is the first or main TF you look at for picking out initial VSA setups?

Regards

Dave
Hi rosso and welcome to the thread on Mals behalf

I tend to use M15 as my main trading chart but during the first few minutes of the day I will check all from H1 down to M5. Then I will concentrate on M15 and M5 whilst keeping in touch with the rest.

As an existing trader I'm sure you realise that the H1 chart doesnt need to be 'checked' as often as the M5 chart. I dont trade higher tfs than that for personal preference only. However, VSA works on all tfs so if you want to trade the daily for instance, fill ya boots.
  • #2,698
  • Aug 20, 2010 4:31am Aug 20, 2010 4:31am
5 mins gu and hrly gu shows a lower volume test on the support had gone long with tight SL.

If this is going up will be much higher then what we see as the slow stoch also shows hidden bullish divergence in it.
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  • #2,699
  • Aug 20, 2010 4:38am Aug 20, 2010 4:38am
Long time i havent seen such collorfull chart

Best,
T



Quoting Jmx
5 mins gu and hrly gu shows a lower volume test on the support had gone long with tight SL.

If this is going up will be much higher then what we see as the slow stoch also shows hidden bullish divergence in it.
  • #2,700
  • Aug 20, 2010 4:46am Aug 20, 2010 4:46am
eurjpy 1h form buyng climax and uptrust below yesterday future max vol. contract level than 50+ pip's in this moment

eurusd 1h form hidden potential selling and uptrust on previus weekly future max vol contract level than 70+ pip's in this moment
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