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vsa with Malcolm

  • #4,021
  • Sep 16, 2010 1:36am Sep 16, 2010 1:36am
Quoting malcolmb14
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.

Point noted Malcolm.

Normally I stay away from USD/JPY anyway, I do prefer EUR/JPY and AUD/JPY.
  • #4,022
  • Sep 16, 2010 1:47am Sep 16, 2010 1:47am
@malcommb14

What is this vertical histogram (some kind of volume distribution) on yours charts? Is there any for mt4?

Rgds
  • #4,023
  • Sep 16, 2010 1:47am Sep 16, 2010 1:47am
Quoting malcolmb14
I noticed last night on this thread a few traders drawing lines all over the place on a chart ... diagonal lines joining any 2 points on a chart , pros do not typically use diagonall lines for supply and demand area. If you think that a diagonal line is being held or sold off look back in history it will be a pivot point high or low in the market. s/r or supply and demand lines are simple horizontal libnes on charts ... easy as that. Petar took and ej sell yesterday due to someform of flag formation he wanted to play . The only issues is he sold...

Hi Malcolm,

From your explanation, seems like I also need to play more attention to the Daily, as well as to Support&Resistance horizontal lines.
Another thing to add to the arrow ....

You also shown me that you are able to re-evaluate a trade midway in order to take a smaller stop loss if needed.
This to minimise the initial stop loss is a technique I definitely need more tune-up.

Thanks,
FB.
  • #4,024
  • Sep 16, 2010 2:53am Sep 16, 2010 2:53am
Just did a bar by bar (well every 2 bars or so) analysis and wrote down what I saw while it was unfolding. Pretty straightforward. I think without having in mind supply/demand areas you could see a lot of climactic action and make some wrong decisions. Oh and not all supply/demand areas are marked. I marked some that I thought were more important.
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  • #4,025
  • Sep 16, 2010 3:52am Sep 16, 2010 3:52am
Buyers coming in like that looks like money in the bank

1.5700-50 by new york is my guess


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Mind over matter..I don't mind and you don't matter.
  • #4,026
  • Sep 16, 2010 4:35am Sep 16, 2010 4:35am
hi all,
thanks for sharing..

i'm italian and my english isn't very good..

there's a place where i can found a summary oh master the market?
in order to understand the system you trade...
i understood the importance of volume, instead of they are volume of my broker.. but i wil take months in reading all the book, and other months in understanding & trying to apply the system...

could someone help me in found a summary???

thanks a lot
  • #4,027
  • Sep 16, 2010 4:43am Sep 16, 2010 4:43am
Quoting foxybunny
Hi Intel,

Your response to me was with a chart of VSA #8.
Your response may be similar logic to my VSA #9.

Sorry, I made a typo mistake in my last post to you.
My reference should be for VSA#9 , Not VSA #8.

So my question to you still is on whether I identify the points reasonably is for re-looking at VSA #9 ??

Cheers,
FB.
Ah that makes sense. I'm at work now I'll have a look when I get home.
  • #4,028
  • Sep 16, 2010 4:45am Sep 16, 2010 4:45am
Quoting dnabrasil
hi all,
thanks for sharing..

i'm italian and my english isn't very good..

there's a place where i can found a summary oh master the market?
in order to understand the system you trade...
i understood the importance of volume, instead of they are volume of my broker.. but i wil take months in reading all the book, and other months in understanding & trying to apply the system...

could someone help me in found a summary???

thanks a lot
Sorry my friend, if you want to learn VSA, you HAVE to know and understand FULLY the contents of MTM. You cannot bypass this.

Oh and by the way, VSA is not a system. Once you've read and understood MTM you will understand this.
  • #4,029
  • Sep 16, 2010 4:47am Sep 16, 2010 4:47am
Quoting dnabrasil
hi all,
thanks for sharing..

i'm italian and my english isn't very good..

there's a place where i can found a summary oh master the market?
in order to understand the system you trade...
i understood the importance of volume, instead of they are volume of my broker.. but i wil take months in reading all the book, and other months in understanding & trying to apply the system...

could someone help me in found a summary???

thanks a lot
Watch that free supply and demand video.

http://www.tradeguider.com/customer/...px?Submit=Back
  • #4,030
  • Sep 16, 2010 4:51am Sep 16, 2010 4:51am
Quoting comapip
Just did a bar by bar (well every 2 bars or so) analysis and wrote down what I saw while it was unfolding. Pretty straightforward. I think without having in mind supply/demand areas you could see a lot of climactic action and make some wrong decisions. Oh and not all supply/demand areas are marked. I marked some that I thought were more important.
A good excercise this, definately helps. Also helps to identify areas of weakness or strength and shade them accordingly as you go. Then you can see what happens after the shaded area and see if you got it right
  • #4,031
  • Sep 16, 2010 4:54am Sep 16, 2010 4:54am
Quoting JuliusCeasar
Buyers coming in like that looks like money in the bank

1.5700-50 by new york is my guess


Attachment
Is that a news event?

Is there strength in the background?
  • #4,032
  • Sep 16, 2010 4:57am Sep 16, 2010 4:57am
Quoting Intel
Is that a news event?

Is there strength in the background?
There's another news event in 5 mins. Maybe your SO is the catalyst for the following up move.
  • #4,033
  • Sep 16, 2010 5:07am Sep 16, 2010 5:07am
1 min trade Best, Tom
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  • #4,034
  • Sep 16, 2010 5:24am Sep 16, 2010 5:24am
Quoting dnabrasil
hi all,
thanks for sharing..

i'm italian and my english isn't very good..

there's a place where i can found a summary oh master the market?
in order to understand the system you trade...
i understood the importance of volume, instead of they are volume of my broker.. but i wil take months in reading all the book, and other months in understanding & trying to apply the system...

could someone help me in found a summary???

thanks a lot
Hi Dnabrasil

Here a a few files that may help ya out with VSA. One is a cheat sheet I didnt find that useful but we all learn different so I included it. Soak it all in buddy. I have to agree with Intel in that VSA is not a "system". Its a way of using volume and price action to help us small traders get in with the big boys. Its well worth learning. If ya need a copy of MTM send me ur email and I can send ya a copy.

happy trading

Hunter
Attached File(s)
File Type: pdf VSA Guide.pdf   463 KB | 1,223 downloads
File Type: txt VSA Cheat Sheet.txt   2 KB | 572 downloads
File Type: doc Think of the background as a combination of market actions that all point in one direction.doc   26 KB | 684 downloads
File Type: pdf VSA BASICS from MTM.pdf   1.6 MB | 1,631 downloads
  • #4,035
  • Sep 16, 2010 5:46am Sep 16, 2010 5:46am
Got stopped out on GU 15M (i put my stop below the bar next to the no supply)... What did I do wrong?
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  • #4,036
  • Sep 16, 2010 5:59am Sep 16, 2010 5:59am
Quoting Intel
Is that a news event?

Is there strength in the background?
Ok i'm no VSA expert but lately it's really helping me in my trades

I entered day before yesterday at 1.54 when i noticed buying from 1.5360 area

pa went to 1.5580 before giving back to 1.546 when there was more demand coming in- i added to my position( posted the charts here)


there is some fighting now but 1.5580 seems to be holding

If it breaks above 1.5650(maybe with some NY volume) 1.59 may print next week


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Mind over matter..I don't mind and you don't matter.
  • #4,037
  • Sep 16, 2010 6:06am Sep 16, 2010 6:06am
Quoting foxybunny
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...
Ok a quick note about VSA 9

The weakness you see is not much at all. I cannot see where the bar closes because of your red line but, the volume is not high. (dont forget we talk about relative volume). In fact if we go back 3 more bars we see a good sign of strength!

UT is ok

UT conformation is ok

3 bars after your UT is a sign of strength. The next bar also shows buyers entering the arena. Then the bar after that is a poor SO style bar. These signs of strength when you're looking for a short entry mean you've probably missed the boat, and should invalidate your short.

There was no ND in the correct place for you to enter.

You should now be looking for a long setup.


The fact that you didnt get a good setup here is down to the background. There was never much weakness for you to trade off, and there is a reason for this. If you look at your chart closely you will see that you were in the start of a range market which is fairly narrow. There are other things to look for when trading a range market in order to gain entry.

I think you should concentrate on the setups I gave you for now. In particular, your weakness/strength identification and your entry points.
  • #4,038
  • Sep 16, 2010 6:10am Sep 16, 2010 6:10am
Quoting Jasus
Got stopped out on GU 15M (i put my stop below the bar next to the no supply)... What did I do wrong?
Don't think you did anything wrong. Just there wasn't enough force to break through. And my stop would be below the climactic bar.

And volume after no supply was quite low.

I had a similar trade but chickened out as the entry was 10 pip higher than I wanted.

Hope my chart isn't confusing.
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  • #4,039
  • Sep 16, 2010 6:17am Sep 16, 2010 6:17am
Quoting Intel
Ok a quick note about VSA 9

The weakness you see is not much at all. I cannot see where the bar closes because of your red line but, the volume is not high. (dont forget we talk about relative volume). In fact if we go back 3 more bars we see a good sign of strength!

UT is ok

UT conformation is ok

3 bars after your UT is a sign of strength. The next bar also shows buyers entering the arena. Then the bar after that is a poor SO style bar. These signs of strength when you're looking for a short entry mean you've probably missed the boat, and...
OK thanks Intel.

Agreed now that it was in a range.

Much to learn to identify correctly Strength & Weakness in background.

Will concentrate more on those setups.
Of course still take time to correctly identify those items you mentioned in the setups.
  • #4,040
  • Sep 16, 2010 6:19am Sep 16, 2010 6:19am
Quoting comapip
Don't think you did anything wrong. Just there wasn't enough force to break through. And my stop would be below the climactic bar.

And volume after no supply was quite low.

I had a similar trade but chickened out as the entry was 10 pip higher than I wanted.

Hope my chart isn't confusing.
I see, but as you said that's a huge SL so the RR would be poor, that's why I put it under the last reaction's low. And my chart shows that the bar next to the NS was higher than the last volume, my account is demo though

So I guess I should have exited on that UT, because it showed there was still supply... I just thought it was a 'polar bear in hawaii' and ignored it.
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