vsa with Malcolm | Page 200 | 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

  • #3,981
  • Sep 15, 2010 10:25am Sep 15, 2010 10:25am
Tom,

The parameter named StartBarIndex could do this. It can be 1,2,3..., NumberOfBarInOneBundle. Please make sure both indicators have the same value, so you could get correct volumes and price bundles.

cheers,
polomine

Quoting tfflyer
Polomine,

how i can start chart at from different time like 00:05, 00:20, 00:35, 00:50, 01:05, etc..

For example, i want to start 15 min chart from 00:10 or 00:05


Thanks.


Best,
Tom
  • #3,982
  • Sep 15, 2010 10:33am Sep 15, 2010 10:33am
Polomine, i opened 5 min chart and wrote in StartBarIndex 3

And it starts from 00:00

What i am doing wrong ?

EDIT:

Looks like i found problem. sorry.

Thanks.

b,
T
  • #3,983
  • Sep 15, 2010 10:40am Sep 15, 2010 10:40am
I think it's a valid short entry, but you should have exited when you see no selling pressure, the 13th bar after red vertical line is a sign of strength, wide spread down bar, normal volume and also less than previous volumes at the same price area.

just my $0.02.

polomine

Quoting foxybunny
My 9th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 15-Sep-10
Time: FxPro 11:00
Entry: 1.2976
SL: 1.3026 (-50 pips) (Above 1st Upthrust )
TP: 1.2926 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness, 2 UpThrusts.
Wait for break of minor support 1.2718.
Sell on Low of 2nd UpThrust Bar.
Hull Green on M15 and H1.
Hull Red on M30.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line).

I will inform of exit...
  • #3,984
  • Sep 15, 2010 10:46am Sep 15, 2010 10:46am
Quoting foxybunny
My 9th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 15-Sep-10
Time: FxPro 11:00
Entry: 1.2976
SL: 1.3026 (-50 pips) (Above 1st Upthrust )
TP: 1.2926 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness, 2 UpThrusts.
Wait for break of minor support 1.2718.
Sell on Low of 2nd UpThrust Bar.
Hull Green on M15 and H1.
Hull Red on M30.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line).

I will inform of exit...

Hi foxy,

Firstly well done for continuing to post your failed trades.

I'm going to suggest you follow a strict set of entry requirements for trade entry. You will miss some trades but it will ensure you stop losing trades like this. If you only EVER trade these rules you will do very well out of Forex I promise you.

Ok so entry requirements for a short trade, must be in order:-

1. Signs of weakness in UP BARS. (such as end of a rising market, buying climax, wide spread up bar closing in the middle on high volume. Read MTM for all the weak bar definitions.)

2. UT. (Again read MTM to identify the different types of UT).

3. UT conformation. (a down bar in the next 2 bars after an UT).

4. ND. (enter on the break of the low of this ND)


For long trades:-

1. Signs of strength in DOWN BARS. (such as end of a falling market, selling climax, wide spread down bar closing in the middle on high volume. Read MTM for all the strong bar definitions.)

2. SO. (Again read MTM to identify the different types of SO).

3. SO conformation. (an up bar in the next 2 bars after an SO).

4. NS or Test. (Back to MTM to identify the different types of test. Enter on the break of the high of this NS or Test).


You will find trades like this most days and if you've identified things correctly, you will make many many pips.

Your SL position is up to you but, I would suggest 2 pips above the high of the UT(for shorts) and 2 pips below the low of the SO (for longs).

Be disciplined and try this for the next 2 weeks. Dont forget to post your results.
  • #3,985
  • Sep 15, 2010 10:47am Sep 15, 2010 10:47am
Quoting polomine
I think it's a valid short entry, but you should have exited when you see no selling pressure, the 13th bar after red vertical line is a sign of strength, wide spread down bar, normal volume and also less than previous volumes at the same price area.

just my $0.02.

polomine

Thanks Polomine.

I just check that 13th bar, and I would Not have realise it is a bar of strength.
It looks to me as if it is a continuation of Down, and the next bar after that have a long tail pointing up showing sellers.
It looks like in a tight Range there, so it could have gone up or down there.

My observations are not there yet.
  • #3,986
  • Sep 15, 2010 10:49am Sep 15, 2010 10:49am
Quoting frankkn
Hey bud,

I personally wouldn't have been looking for shorts on eurusd today because I prefer to trade with the trend. It's always a good idea to short a weak pair and go long the strong ones.
Thanks Frank.

Today looking to trade either EUR/USD or GBP/USD, avoiding JPY due to BOJ intervention.
EUR/USD looked weaker than GBP/USD, looked good to short.

Noticed you use an indicator for strength and weakness.
Where to get that ?
Does it consume much CPU ?
  • #3,987
  • Sep 15, 2010 10:51am Sep 15, 2010 10:51am
Tom,

Sorry, I don't understand what you means exactly. Is it downloading data at that time? Maybe you could wait a minute and refresh your chart by changing different timeframes. Hope it is of help.

cheers,
polomine


Quoting tfflyer
Polomine, i opened 5 min chart and wrote in StartBarIndex 3

And it starts from 00:00

What i am doing wrong ?

EDIT:

Looks like i found problem. sorry.

Thanks.

b,
T
  • #3,988
  • Sep 15, 2010 11:05am Sep 15, 2010 11:05am
Quoting Intel
Hi foxy,

Firstly well done for continuing to post your failed trades.

I'm going to suggest you follow a strict set of entry requirements for trade entry. You will miss some trades but it will ensure you stop losing trades like this. If you only EVER trade these rules you will do very well out of Forex I promise you.

Ok so entry requirements for a short trade, must be in order:-

1. Signs of weakness in UP BARS. (such as end of a rising market, buying climax, wide spread up bar closing in the middle on high volume. Read...
END THREAD. All is revealed .
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,989
  • Edited Sep 16, 2010 1:30am Sep 15, 2010 11:12am | Edited Sep 16, 2010 1:30am
Quoting Intel
Hi foxy,

Firstly well done for continuing to post your failed trades.

I'm going to suggest you follow a strict set of entry requirements for trade entry. You will miss some trades but it will ensure you stop losing trades like this. If you only EVER trade these rules you will do very well out of Forex I promise you.

Ok so entry requirements for a short trade, must be in order:-

1. Signs of weakness in UP BARS. (such as end of a rising market, buying climax, wide spread up bar closing in the middle on high volume. Read...
Hi Intel,

I did take up your last suggestion, and re-read MTM s-l-o-w-l-y over Mon and Tue.
Actually MTM is next to my notebook that I refer to most times still.

For VSA #8, if I re-look at it, I would think it satisfied the 4 conditions you put in your above post for Short.
** Edit: The above sentence should be for VSA #9, Not VSA #8. ***

1. Signs of weakness in UP BARS.
=> The Up Bar wide spread and high vol, sitting on my vertical red line.

2. UT. (Again read MTM to identify the different types of UT).
=> 1st UpThrust on Chart

3. UT conformation. (a down bar in the next 2 bars after an UT).
=> Two red bars followed 1st UT, and followed by like a 2nd UT.

4. ND. (enter on the break of the low of this ND)
=> 8th bar after Red Vertical line, showing a small Up Bar with volume significantly less than previous two bars.
=> Agreed I entered earlier than ND.
=> If I entered here, result would be just as bad.

Based on the above 4 points, did I IDENTIFY them correctly ?

Really appreciate your suggestions.

Since I have posted VSA #1 trade, I just using VSA to trade, and on hold all other methods to trade.

Just don't know how long I can last with these continuous strings of bad trades!!

Cheers,
FB.
  • #3,990
  • Sep 15, 2010 11:25am Sep 15, 2010 11:25am
TXT on picture.


Best,
T



Quoting foxybunny
My 9th VSA Trade (Live).

Executed Order.
EUR/USD - Short
Date: 15-Sep-10
Time: FxPro 11:00
Entry: 1.2976
SL: 1.3026 (-50 pips) (Above 1st Upthrust )
TP: 1.2926 (+50 pips)

Reasons:
Note the Red vertical line, the bar after this line is my signal bar.
Background Weakness, 2 UpThrusts.
Wait for break of minor support 1.2718.
Sell on Low of 2nd UpThrust Bar.
Hull Green on M15 and H1.
Hull Red on M30.

Attached:
M15
Entry (small Yellow horizontal line),
SL (small Red horizontal line),
TP (small Green horizontal line).

I will inform of exit...
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-15_VSA_Exit9_EURUSD_M15_Short - for vsa forum from Tom.png Size: 64 KB
  • #3,991
  • Sep 15, 2010 11:26am Sep 15, 2010 11:26am
Quoting Intel
Hi foxy,


Read MTM for all the weak bar definitions.)

(Again read MTM to identify the different types of UT).
.
Hello Intel :
Thanks for this info , could you please post a link for (MTM) which you are reffering to .
  • #3,992
  • Sep 15, 2010 11:28am Sep 15, 2010 11:28am
Quoting HiddenGap
END THREAD. All is revealed .
Guys, very nice said..

One think bothers me...

Lets say buying climax on 15 min...do i watch for no demand bar and ut on same TF or it might be now 5 min and 3 min maybe?

I might fail coos of that ...

That would be perfect by me to find all of those alerts on the same TF...no?

All the best
Work smart not hard
  • #3,993
  • Sep 15, 2010 11:30am Sep 15, 2010 11:30am
Some are looking on the same TF some on others..

I suggest to look on the same till You master it.

b,
T



Quoting sony
Guys, very nice said..

One think bothers me...

Lets say buying climax on 15 min...do i watch for no demand bar and ut on same TF or it might be now 5 min and 3 min maybe?

I might fail coos of that ...

That woulc be perfect by me to find all of those alerts on the same TF...no?

All the best
  • #3,994
  • Sep 15, 2010 11:39am Sep 15, 2010 11:39am
Quoting sony
Guys, very nice said..

One think bothers me...

Lets say buying climax on 15 min...do i watch for no demand bar and ut on same TF or it might be now 5 min and 3 min maybe?

I might fail coos of that ...

That would be perfect by me to find all of those alerts on the same TF...no?

All the best
I would look on higher TF. For example Tom Williams sees stocks on weekly and enters on daily (atleast that's what the book says).

If you look in a higher TF it will be much more clear, and it will define the trend you'll get on the smaller TF. But don't forget to see if the shorter TF is showing weakness/strenght (if you plan on going long, and vice-versa). Tom Williams usually checks higher TF so that's what I do too.
  • #3,995
  • Sep 15, 2010 11:57am Sep 15, 2010 11:57am
I have seen mainly that Tom Williams take, lets say, his favourite currency gbp/usd and his favourite TF 3 min on gbp/usd- and trades only 3min, not looking other TF.

b,
T



Quoting Jasus
I would look on higher TF. For example Tom Williams sees stocks on weekly and enters on daily (atleast that's what the book says).

If you look in a higher TF it will be much more clear, and it will define the trend you'll get on the smaller TF. But don't forget to see if the shorter TF is showing weakness/strenght (if you plan on going long, and vice-versa). Tom Williams usually checks higher TF so that's what I do too.
  • #3,996
  • Sep 15, 2010 11:57am Sep 15, 2010 11:57am
Quoting Jasus
I would look on higher TF. For example Tom Williams sees stocks on weekly and enters on daily (atleast that's what the book says).

If you look in a higher TF it will be much more clear, and it will define the trend you'll get on the smaller TF. But don't forget to see if the shorter TF is showing weakness/strenght (if you plan on going long, and vice-versa). Tom Williams usually checks higher TF so that's what I do too.


Thanks to all

But what confuse a bit as well is this

Lets say we have 15 min chart

WE are getting buying climax on it...Now we are wating for an uptrust ...and then we are looking for an no demand bar to get in...that is it

Perfect setup

But we are also looking for an test if there is continuation of the trend...

Smaller TF give us a lot of tests some of them failed some of them true ..we are getting as well no demand all over the place and etc...

That is why i was looking to stick to just one TF..as a noob in VSA

And that is why i asked such a question.

In a case that we are watching for higher TFs

Lets say we have 1h buying climax as now on GBPUSD ...if we switch to 15 min we had a uptrust alredy and now one no demand on 15 min would be a good short entry?!

What about no demand on 5 min or on 4 min...?! by the way,we alredy had one!

A bit confusing ..no?
Work smart not hard
  • #3,997
  • Sep 15, 2010 12:04pm Sep 15, 2010 12:04pm
If You want - look on 60 min and trade from there taking entry in 15 min..

But, don't go looking 5 or 3 min after that.. Stick to 60 and 15.

Yes, You will miss some trade, but that ok, otherwise You can confuse Yourself.

I am not saying You cant look on 60, 30, 15, 5, 3 etc...

But looks like not at the moment.


p.s.
I had the same confuse when i was starting 18 month ago with VSA.


B,
T



Quoting sony
Thanks to all

But what confuse a bit as well is this

Lets say we have 15 min chart

WE are getting buying climax on it...Now we are wating for an uptrust ...and then we are looking for an no demand bar to get in...that is it

Perfect setup

But we are also looking for an test if there is continuation of the trend...

Smaller TF give us a lot of tests some of them failed some of them true ..we are getting as well no demand all over the place and etc...

That is why i was looking to stick to just one TF..as a noob in VSA...
  • #3,998
  • Sep 15, 2010 12:12pm Sep 15, 2010 12:12pm
Quoting Intel
Nice to see you again Mal. Typical tho, I'm off to work in a bit so wont have any charts again

market is odd

eu 30 min looks toppy but any dips being bought. Not 100 5 sure the buying climaxes we seeo n the 30 will play out.

GU moved up nicely to 1.5625 , now if we can get a mark up above there we may see a good rise in the london session , however there are also signs sellers on the 30 min

I am holding aj and uj longs for now and hoping that all down moves are tests and that boj has another go at intervention game in asia
Blogging daily now at www.volume.zone
  • #3,999
  • Sep 15, 2010 12:13pm Sep 15, 2010 12:13pm
Quoting sony
Thanks to all

But what confuse a bit as well is this

Lets say we have 15 min chart

WE are getting buying climax on it...Now we are wating for an uptrust ...and then we are looking for an no demand bar to get in...that is it

Perfect setup

But we are also looking for an test if there is continuation of the trend...

Smaller TF give us a lot of tests some of them failed some of them true ..we are getting as well no demand all over the place and etc...

That is why i was looking to stick to just one TF..as a noob in VSA

And that is why...
No one said it would be easy, stick with it though, you`re in a good place here with plenty of help from those in the know.

I gave up on VSA ...i just did`nt "see it", gone back to a trendfollowing system i`ve used in the past and i`m doing ok, will i regret not sticking to VSA...maybe.
Seek not to change the world; seek only to change your mind about the world
  • #4,000
  • Sep 15, 2010 12:16pm Sep 15, 2010 12:16pm
Quoting foxybunny
Thanks Frank.

Today looking to trade either EUR/USD or GBP/USD, avoiding JPY due to BOJ intervention.
EUR/USD looked weaker than GBP/USD, looked good to short.

Noticed you use an indicator for strength and weakness.
Where to get that ?
Does it consume much CPU ?
sorry .... that is slightly wrong technique. We know that boj may intervene in market again and will wait for all big players to disappear before they have to start buying billionsi n usd again

so what do we do and how do we know where to enter into a uj long trade ?

well using vsa you wait and wait and wait unilt we get a low volume test on a down move , that is our entry . If boj really are going to intervene again that low vol test may be the entry that gives you 200 pip plusi n under 2 hours.
Blogging daily now at www.volume.zone
72 traders viewing now