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vsa with Malcolm

  • #5,801
  • Oct 27, 2010 4:59pm Oct 27, 2010 4:59pm
Quoting malcolmb14
I mentioned this earlier .. 30 min charts shows buying and here is 60 min

we have low volume testing of last weeks weekly low in the 3730 area

There is also a strong bull div in rsx .... vsa and rsx combo ..wham wham

I will be looking for shake out in asia and potential buy in late asia / frankie for move back to 3850 to 3900

ES was fornt run agian with pomo tomorrow. it had strong stopping vol 1168 and ended day at 1180 .

Attachment
Hi Mal,

How do you detect stopping volume. Sometimes I notice high vol bars while the price keeps going in the same direction before finally retreating. Sometimes I notice the same kinda bar but it shifts this time and a new trend is formed!

I also noticed looking at history that during big crashes or big up days that even many high stopping volume sessions don't cause the currency to change direction until one final really high volume session. How do you know if we are in that kind of trend the will keep going in the same direction? Looking more on H1/H4 time frames. See the crash of 2008 and even pre flash crash.

Normal times you can pinpoint a trend change just by looking at high volume bars. Usually if its on a dip its buying and if its on a peak its selling... but whats the psychology behind this and why does it not work always?

Probably missing a rule.
  • #5,802
  • Oct 27, 2010 5:06pm Oct 27, 2010 5:06pm
Mal,

Example last few days I told you there were sellers coming in on ES and EU.... this was confirmed on UC aswell.

On Oct 25(2 days ago) ES was sold into on NY open. Then it was bought at the close... but with not as high volume as the open.

It was then also bought the following day on Oct 26 before opening NY with almost higher volume than the selling volume on Oct 25. It was bought into twice but barely filled the gap! It then retreated again to make a new low over night and today dipped because it was sold into again.

Now today it seems as though even though the market sold off it was actually bought into... because you can see the price rising near the end on lower volume... but then was sold into at the end with high volume (not as high as the opening volume).

Would this mean that there are stronger buyers than sellers since we have higher buying volume than selling?
  • #5,803
  • Oct 27, 2010 5:57pm Oct 27, 2010 5:57pm
I think that this POMO thing is messing with the market big time.

There was a gap to fill that had not been filled at market open ., so knowing there was pomo tomorrow and now the game is buy the day before pomo to front run pros just let es drift lower all day.

Ify ou look on a 15 min chart at 1168 area you can sdee 2 x stopping vol , both at same price level and 1.5 hours aprt form each other , 1170 key level so long off that with 2 point stop for front run pomo the day before. Tomorrow may be sell as soon as pomo is done as now pomo may be factored in

Quoting sidhujag
Mal,

Example last few days I told you there were sellers coming in on ES and EU.... this was confirmed on UC aswell.

On Oct 25(2 days ago) ES was sold into on NY open. Then it was bought at the close... but with not as high volume as the open.

It was then also bought the following day on Oct 26 before opening NY with almost higher volume than the selling volume on Oct 25. It was bought into twice but barely filled the gap! It then retreated again to make a new low over night and today dipped because it was sold into again.

Now today it seems...
Blogging daily now at www.volume.zone
  • #5,804
  • Oct 27, 2010 6:50pm Oct 27, 2010 6:50pm
this chart playing out well

almost 90 pip now 1.3850 to 3900 on its way



Quoting malcolmb14
I was planning to come to serbia to visit a friend end of this month , but have to postpone the trip. But if I come there will take you up on your offer.

VSA on higher time frame can tell the future , really well actually. Pros do not just wake up in the morning and say ' hey we gonna buy eu today' . They already know the news way before it happens .. whatever it might be. We just have to look for their footprints in the charts

...expressing my thoughts was all. Not sure if you saw my post in shamus's thread about gu weakness for 300 pip plus...
Blogging daily now at www.volume.zone
  • #5,805
  • Oct 27, 2010 7:06pm Oct 27, 2010 7:06pm
Quoting malcolmb14
I think that this POMO thing is messing with the market big time.

There was a gap to fill that had not been filled at market open ., so knowing there was pomo tomorrow and now the game is buy the day before pomo to front run pros just let es drift lower all day.

Ify ou look on a 15 min chart at 1168 area you can sdee 2 x stopping vol , both at same price level and 1.5 hours aprt form each other , 1170 key level so long off that with 2 point stop for front run pomo the day before. Tomorrow may be sell as soon as pomo is done as now pomo may...

Hi Mal,

I was just asking about VSA and how it worked since sometimes it seems to throw me off looking at historical data. During choppy markets it works great. When a daily breakout happens I can't figure out how to relate volume to movement properly other than... shit hit the fan so hold off for now.
  • #5,806
  • Oct 27, 2010 8:48pm Oct 27, 2010 8:48pm
Quoting sidhujag
Hi Mal,

I was just asking about VSA and how it worked since sometimes it seems to throw me off looking at historical data. During choppy markets it works great. When a daily breakout happens I can't figure out how to relate volume to movement properly other than... shit hit the fan so hold off for now.
Hey man,

I understand what you mean when you say you're thrown off lookin at historical data.

Everyone is different, but for me as a trader this is what has brought me the most consistent VSA based profits:

1) For the first 1-2 hrs of a session open
2) Watch using 15m
3) Wait for a wide spread on very significantly high volume (UHV)
4) If the bar from 3 is up, look for a ND in the next couple bars (small up bar on vol less than prev. couple of bars, shows lack of interest by SM in higher prices--very relevant after the bar from 3)
4) Short break of ND with stop above high
5) Exit at 1:1

When I was trying to find myself as a VSA trader I think I was still holding on to too much of the other "schools" of trading in that I was trying to apply my own analysis. VSA is a unique window into sentiment of SM, and as such I am more profitable disregarding all other forms of analysis within the context of the rules I've laid out. This (again, I emphasize for me) includes disregarding everything like SR and trend and all of it.

Not traditional VSA but that combined with my gut it makes me money, and maybe it will help you out.
  • #5,807
  • Oct 27, 2010 10:34pm Oct 27, 2010 10:34pm
tomorrow 1190 ? 1200 ?

looks at this 4 hour chart

we can see very clearly that each move down to 1170 has been bought

think we get a break out move into 1190 to 1200 tomorrow

eu may hit 1.3900 to 1.4 is this is the case.

we have had a 100 pip move since us close .... and i have often said up moves in asia are odd BUT we were coming off a base that has been bought heavy for 24 hours

Attached Image (click to enlarge)
Click to Enlarge Name: es.jpg Size: 180 KB
Blogging daily now at www.volume.zone
  • #5,808
  • Oct 27, 2010 10:52pm Oct 27, 2010 10:52pm
Fireworkssss... I've noticed the buying aswell... just thought it was normal and thats why I complained that even though there is buying price is falling.. imminent crash or major swing.

I would probably sit out for a while and let it settle down before getting in right now. Alot of head fakes either way to come.
  • #5,809
  • Oct 27, 2010 11:14pm Oct 27, 2010 11:14pm
Quoting malcolmb14
I mentioned this earlier .. 30 min charts shows buying and here is 60 min

I will be looking for shake out in asia and potential buy in late asia / frankie for move back to 3850 to 3900
Almost perfect.
  • #5,810
  • Oct 27, 2010 11:51pm Oct 27, 2010 11:51pm
2 x ND in EU-M30
  • #5,811
  • Oct 28, 2010 12:41am Oct 28, 2010 12:41am
I dont like this, but I am gonna keep it, only 10 sl.
  • #5,812
  • Oct 28, 2010 1:30am Oct 28, 2010 1:30am
-10, next resistance at 1.3850.
  • #5,813
  • Oct 28, 2010 2:14am Oct 28, 2010 2:14am
EU M15

Maybe now down, ND and upthrust. Same as yesterday.
  • #5,814
  • Oct 28, 2010 2:27am Oct 28, 2010 2:27am
Quoting Petar_Serbia
we will see also one interesting chart for me is USDCAD currenlty.WE have Ultra High volume on nice chanel projection also we have 50 Fib there.Smell like sell for tomorow but we will see tomorow for intraday analisy if i see good opotunitz on this pair i will took this pair for intra day,we will see but worth to watch...


Cheers

Petar
OK guys we hit target on USDCAD,EURUSD goes till my tp again on Asia but for today my intra setup is EURUSD sell when MA become RED TP around ...Everything is as i planed ..

Cheers

Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadhit.gif Size: 35 KB
Click to Enlarge Name: eurusdasiplaned.gif Size: 26 KB
"Buy on fear, sell on greed !!!
  • #5,815
  • Oct 28, 2010 2:40am Oct 28, 2010 2:40am
Your call on eur/usd was great malcolm.
Your obviously a master vsa'er
thankyou
making green pips large and red pips small this is my goal.
  • #5,816
  • Edited 5:15am Oct 28, 2010 3:24am | Edited 5:15am
Just a small note...


Mr Wyckoff, "Father of "VSA" " was saying ( writing ) that this method is learning to see IMMEDIATE response for what is going on the market.

So, if You don't see IMMEDIATE response - something has happened...




Best,
Tom
  • #5,817
  • Oct 28, 2010 4:05am Oct 28, 2010 4:05am
Quoting Petar_Serbia
LOL no that is on club in Belgrade


This is Guca >

http://www.youtube.com/watch?v=poUjq...eature=related


Cheers

There is suknjica-no trading.
The Market pays you to be disciplined
  • #5,818
  • Oct 28, 2010 4:47am Oct 28, 2010 4:47am
Found this link in an email, nice training video, usual little bit of sales pitch at the end. Well worth watching.

http://www.vsaclub.com/m90_uploads/2...31d1f41071.wmv

Happy Trading
  • #5,819
  • Oct 28, 2010 4:57am Oct 28, 2010 4:57am
EU M15
Possible lower high with possible ND.
  • #5,820
  • Oct 28, 2010 5:05am Oct 28, 2010 5:05am
Juhanimi - and what does that means for You - Are You going to short ? Or...?



Just interested to know, because i am not sure i understand what You mean by saying possible when it is with lower high and it is "some" kind of ND not only possible..

Thanks.

Best,
Tom



Quoting juhanimi
EU M15
Possible lower high with possible ND.
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Macallik