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vsa with Malcolm

  • #3,721
  • Sep 12, 2010 4:58am Sep 12, 2010 4:58am
Have you heard this: If you cant see the SmartMoney, then you must be the DumbMoney.
  • #3,722
  • Sep 12, 2010 6:13am Sep 12, 2010 6:13am
Quoting juhanimi
Back to the business.

EU-H1

Accumalation or distribution, any thoughts?
What are SmartMoney doing here, buying or selling?

i`ve missed this place...
Seek not to change the world; seek only to change your mind about the world
  • #3,723
  • Sep 12, 2010 6:18am Sep 12, 2010 6:18am
Quoting gez40
i`ve missed this place...
Does that mean, that you dont have answer to question?
  • #3,724
  • Sep 12, 2010 6:39am Sep 12, 2010 6:39am
Heya All


just started to read about VSA.. kinda like the methology

here is a picture of Eur/Jpy H4 .. any thoughts on this ?

are we an accumulation ?

http://a.imagehost.org/t/0283/EuroJpyH4.jpg


thnx cheerz
  • #3,725
  • Sep 12, 2010 6:51am Sep 12, 2010 6:51am
Quoting gez40
i`ve missed this place...
Hi gez

Long time no see
  • #3,726
  • Sep 12, 2010 6:57am Sep 12, 2010 6:57am
Quoting PrymeTyme
Heya All


just started to read about VSA.. kinda like the methology

here is a picture of Eur/Jpy H4 .. any thoughts on this ?

are we an accumulation ?

http://a.imagehost.org/t/0283/EuroJpyH4.jpg


thnx cheerz
Hi PrymeTyme and welcome to the thread on Malcolmb14s behalf.

Have you read Master The Markets by Tom Williams?
  • #3,727
  • Sep 12, 2010 7:02am Sep 12, 2010 7:02am
Hi Intel



yea i just finished it today , but i will re read it manny times .. lol

but learning by doing is a better way to get the gist of it faster .. cheerz
  • #3,728
  • Sep 12, 2010 9:30am Sep 12, 2010 9:30am
Quoting Intel
Hi gez

Long time no see
Hi Intel,

Switched to daily charts and using a trend following system i used years ago on stocks so not much need for me here anymore, getting some nice pips of late, nice to see vsa still going strong though.
Seek not to change the world; seek only to change your mind about the world
  • #3,729
  • Sep 12, 2010 10:19am Sep 12, 2010 10:19am
Quoting gez40
Hi Intel,

Switched to daily charts and using a trend following system i used years ago on stocks so not much need for me here anymore, getting some nice pips of late, nice to see vsa still going strong though.
Good to see ya doing well.
  • #3,730
  • Edited 12:10pm Sep 12, 2010 11:39am | Edited 12:10pm
Quoting Seepiprun
I have to ask because I see this all the time. In hiddengaps chart there is an upthurst and then 2 low volume down candles before price falls of the cliff.

If you look in many trend you will see same thing over and over. I no there is no hidden test no demand bars but if you think about it. If a hidden test is true for an ensuing up trend then it must be true for a down trend also.

or

is the answer all the demand is completely gone and price does not need alot of BBs to push it down. So price can ulitmately move down on low volume.
Let's take a look at those two candles.

First we do see in my chart that the both have volume less than the previous two candles. This is indeed low volume.

We have just established that it takes an increase of selling (volume) on any down-move(or bars), to force a market down. If this is not the case then the path of least resistance is up and we would expect that price will rise. As price always follows the path of least resistance.

But let's take a step back for a moment. The first candle closes lower on low volume which looks like no supply. It does not, however, confirm as the next candle is not up. That next candle is down on even lower volume, yet here too we get no confirmation of no supply as the next candle (the WRB) is down and on increasing volume. Therefore what we have with these two candles is not so much as a lack of supply(professional selling), but rather as a lull of professional activity.

We know the trend has not changed at this point. On the most basic level, we are still making lower lows and lower highs on these two candles. R36 is below the zero (-50) line, but it is not magical. Any tool that is used for trend definition is likely still saying the trend is down. Hulls would be down, DPBL is above price, diamond would be above price and red,etc..

As far as hidden tests go. The problem here is that the close of each candle is not high enough in their respective ranges to constitue a test. But if closes were higher than they would be tests that fail not hidden tests. Hidden tests close up (this is the hidden part as a test closes down). Down moves always have tests that fail. That's part of what makes dowm moves possible.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,731
  • Sep 12, 2010 11:54am Sep 12, 2010 11:54am
Quoting sidhujag
Buy high and Sell higher? Maybe because that's what you have trained your brain as? As a bear market since 2000 / 2007-present?
Not sure what you mean.

I am sure you can figure out the opposite of buy high sell higher is sell low buy back lower.

The point is trends exist and the higher probablitity event is to trade with the trend. Even if the sexier one it to call the top or bottom. Ma and Pa Kettle hear "Buy low and sell high". This belies the fact that, one money can be made when prices fall (downtrend going short). And two, that money is only made by the first ones in.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,732
  • Sep 12, 2010 12:50pm Sep 12, 2010 12:50pm
Malcolm, hope this is ok, found another pdf on vsa which some here may find useful, it`s only a small file but on topic.

Just how many did i post in shamus`s thread...lol
Attached File(s)
File Type: pdf vsacharts_[EDocFind.com][1].pdf   154 KB | 24,879 downloads
Seek not to change the world; seek only to change your mind about the world
  • #3,733
  • Sep 12, 2010 1:46pm Sep 12, 2010 1:46pm
Quoting gez40
Malcolm, hope this is ok, found another pdf on vsa which some here may find useful, it`s only a small file but on topic.

Just how many did i post in shamus`s thread...lol
It has some wrong things. It calls buying climax just because it's a wide spread up bar with very high volume, where it could be the break of an important resistance (which it doesn't show) or heavy supply coming in which after a sucessful test the market could continue rallying (like the 2nd case of "buying climax" they show).

One thing I never realized was that an upthrust could be a test for sellers on a resistance. High volume in this case means sellers, but if the upthrust is on low volume, is it considered bullish?
  • #3,734
  • Edited 8:32pm Sep 12, 2010 8:28pm | Edited 8:32pm
Here is EurCad, the first chart is a 5m followed by a daily.

The daily is showing a down trend, and the 5m shows a rally, then supply entering, then a couple no demands.

I don't trade EurCad, and am curious to see how she reacts.
Attached Image(s) (click to enlarge)
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  • #3,735
  • Sep 12, 2010 10:12pm Sep 12, 2010 10:12pm
something going on

gu futures suggest large up move in the making


Attached Image (click to enlarge)
Click to Enlarge Name: chart2865.png Size: 225 KB
Blogging daily now at www.volume.zone
  • #3,736
  • Sep 12, 2010 10:46pm Sep 12, 2010 10:46pm
Turning slowly.
Attached Image (click to enlarge)
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  • #3,737
  • Edited Sep 13, 2010 1:42am Sep 12, 2010 11:14pm | Edited Sep 13, 2010 1:42am
Quoting Seepiprun
I have to ask because I see this all the time. In hiddengaps chart there is an upthurst and then 2 low volume down candles before price falls of the cliff.

If you look in many trend you will see same thing over and over. I no there is no hidden test no demand bars but if you think about it. If a hidden test is true for an ensuing up trend then it must be true for a down trend also.

or

is the answer all the demand is completely gone and price does not need alot of BBs to push it down. So price can ulitmately move down on low volume....
I think both your thoughts are right.
You should see strenght in background to take these signals.
B is much clearer, high volume upthrust just before, A is not so clear, high volume downbar before, but it closes low, if that has been closed in the way of the lows, then maybe turning.
Good to check other timeframes, if it is not so clear picture in one timeframe.

Edit. Yes and I just remember this, that there are something like 400 different vsa bars, what Tom had made, so those your thoughts are surely there too.
Edit 2: I forget to say, but you have that lower A in wrong place.
  • #3,738
  • Sep 12, 2010 11:37pm Sep 12, 2010 11:37pm
Quoting malcolmb14
something going on

gu futures suggest large up move in the making


Attachment
could not agree more with you
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 98 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #3,739
  • Sep 13, 2010 1:06am Sep 13, 2010 1:06am
test eu 15

1.2900 target


Attached Image (click to enlarge)
Click to Enlarge Name: chart2872.png Size: 204 KB
Blogging daily now at www.volume.zone
  • #3,740
  • Sep 13, 2010 1:07am Sep 13, 2010 1:07am
Quoting djambazov84
could not agree more with you
I have been short 30 years bonds 2 weeks now ... I covered this chart in this thread
Blogging daily now at www.volume.zone
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