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vsa with Malcolm

  • #6,481
  • Nov 11, 2010 12:06am Nov 11, 2010 12:06am
Quoting TheArcher


it seems it is a taboo to ask malcolmb14 how long it took him to grasp vsa !

so, can seepiprun and intel can share thier learning journey of VSA

cheeky
Ever since i took an international finance class in college 3 years ago. I was hook on forex. I started to study forex soon after. But i started candle by candle and learned patterns and formations and learned 4 hour philip nels trading system because would put together audio and charts on forex factory.

But i did not advance really until i started studying VSA only like 1 years ago.
As you go along you started to understand little by little.

For example:
I dont take trades on the right shoulder of a double bottom.
I dont trade at even number prices (1.40 or 1.390) unless it is in a range.
I dont take a trade on a single bounce (not enough background to make judgement).

But i studied hidden gaps all back post. That helped alot to get me to another level.

Then i went candle by candle using vsa princples.

Head and shoulders and double and triple bottoms and tops and false breakouts. These are the most impotant i have found when looking at background.

Remember that any VSA happen on a downtrend will be the same on a uptrend but just the opposite.
  • #6,482
  • Nov 11, 2010 12:06am Nov 11, 2010 12:06am
Quoting malcolmb14
4 hour ... what conflict lol , that is classic stopping vol


look for tests and longs unless 1.3700 taken out.... 1.3950 to 1.4025 target

Attachment
Malcolmb14,
New to posting, but have been following your thread for the last month or so and have been reading material about VSA. I have traded mostly Daily, Weekly Pivots off the hourly and trend continuations off retracements of 12ema, or major trend breaks. In your thoughts what levels can the Euro push down to before bouncing up here (if thats what we are both thinking _? It broke the hourly downward trend on the 03:00-04:00 bar, but has gradually pulled a 61.8% retrace over the last 3 hours. I just put a long position with very light leverage at 3780, but could possibly see it testing the daily pivot at 3759. As i am typing this getting a push up from 61.8 support on the 15 min recent move downward. Going to be looking to catch this move up through euro session. LMK any other thoughts
  • #6,483
  • Nov 11, 2010 12:31am Nov 11, 2010 12:31am
I have only been reading up on VSA. I currently do not have a substantial data feed with a sufficient volume indicator, other than MT4 through FXDD. What would be your best recommendation, E-Signal Feed and Programs through TradeGuider or is there other options for beginner VSA'ers to get some exposure to usable volume data? Seen some post about 'ninja trader' and some indicators DLs that you posted?
  • #6,484
  • Nov 11, 2010 4:11am Nov 11, 2010 4:11am
Quoting RyanRapa19
I have only been reading up on VSA. I currently do not have a substantial data feed with a sufficient volume indicator, other than MT4 through FXDD. What would be your best recommendation, E-Signal Feed and Programs through TradeGuider or is there other options for beginner VSA'ers to get some exposure to usable volume data? Seen some post about 'ninja trader' and some indicators DLs that you posted?
Nice Move up huh!!! blah...got stopped out for 30 pips. Easy play down after a reverse hammer on the 15 min chart at 02:45, hindsight always 20/20 obv. Eager to learn from this thread and all material related to VSA. Possibly take education course from TradeGuide if you think they are very knowledgeable and worthwhile. Malcon did you learn everything on your own or get mentored at some point? G night
  • #6,485
  • Edited 5:39am Nov 11, 2010 4:35am | Edited 5:39am
Malcolm were mentored by Dr.Gep

However, You can learn a lot from book.

START WITH BOOK - Master the Markets By Tom Williams

In forums You will not get mainly anything step by step..

I suggest You read book and then MAYBE start reading forum.

Best,
Tom



Quoting RyanRapa19
Nice Move up huh!!! blah...got stopped out for 30 pips. Easy play down after a reverse hammer on the 15 min chart at 02:45, hindsight always 20/20 obv. Eager to learn from this thread and all material related to VSA. Possibly take education course from TradeGuide if you think they are very knowledgeable and worthwhile. Malcon did you learn everything on your own or get mentored at some point? G night
  • #6,486
  • Nov 11, 2010 5:06am Nov 11, 2010 5:06am
Something's odd with the pair.
On H1 we can see that on the move up from 1,6000 the big volume is on down bars...then its going up on low volume. Its making false break upside and reverse with high vol. Once its done its going up slowly.

Is it some kind of distribution ? if so we should see 1,6000 again

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-11-11_2207.png Size: 87 KB
COT: The precious data ignored
  • #6,487
  • Nov 11, 2010 5:27am Nov 11, 2010 5:27am
There is a short version....
I sell you my VSA collection full of PDFs, Videos, indicators, all important notes from Mal, HG and Intel for an incredible price of 10000000000000000000 cent !
But then you still need a couple 100 hours to go through this stuff and practice, practice, practice.....

It was mentioned several times in this thread to read MTM (read it a couple of times) and then go through this thread and concentrate on posts by Mal, HG and Intel. That's all for free and you still need the same amount of time as above and practice, practice, practice.....

There is no shortcut in learning VSA

This post is not only for you but for all new people of this thread

ottrix


Quoting TheArcher
looking at the sheer volume (meaning the subject of vsa)...
  • #6,488
  • Nov 11, 2010 5:35am Nov 11, 2010 5:35am
EU H1

Previous candle was No Demand.
  • #6,489
  • Nov 11, 2010 5:43am Nov 11, 2010 5:43am
Quoting ottrix
There is a short version....
I sell you my VSA collection full of PDFs, Videos, indicators, all important notes from Mal, HG and Intel for an incredible price of 10000000000000000000 cent !
But then you still need a couple 100 hours to go through this stuff and practice, practice, practice.....

It was mentioned several times in this thread to read MTM (read it a couple of times) and then go through this thread and concentrate on posts by Mal, HG and Intel. That's all for free and you still need the same amount of time as above and...
I agree otrix for some notes you mentonied about practice that is true for every buissnese you need time to learn to be a good but i cant agree to read MTM and thats it,as i said many times before,that is just one way of trading Volume and just one princip that guy traded,my advice is to create way according his persoanlity and style of trading,for example i trade PA and i love trendlines and chanels,i combine Volume with that and i have great succes ratio and wich is more important i enjoy to trade that way..

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #6,490
  • Nov 11, 2010 5:47am Nov 11, 2010 5:47am
Quoting malcolmb14
4 hour ... what conflict lol , that is classic stopping vol


look for tests and longs unless 1.3700 taken out.... 1.3950 to 1.4025 target

Attachment
Buyers came in for sure but were quickly wiped out...PURE momentum uptick
Now will see if 1.3700 holds.... ..Or is it going to be a Stopping volume that fails on the 4hr TF..
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 128 KB
  • #6,491
  • Nov 11, 2010 5:48am Nov 11, 2010 5:48am
Quoting Petar_Serbia
my advice is to create way according his persoanlity and style of trading,for example i trade PA and i love trendlines and chanels,i combine Volume with that and i have great succes ratio and wich is more important i enjoy to trade that way..

Cheers

Petar
That is VSA. Trendchannels, PA and volume.
  • #6,492
  • Nov 11, 2010 5:49am Nov 11, 2010 5:49am
Quoting ottrix
There is a short version....
I sell you my VSA collection full of PDFs, Videos, indicators, all important notes from Mal, HG and Intel for an incredible price of 10000000000000000000 cent !
But then you still need a couple 100 hours to go through this stuff and practice, practice, practice.....

It was mentioned several times in this thread to read MTM (read it a couple of times) and then go through this thread and concentrate on posts by Mal, HG and Intel. That's all for free and you still need the same amount of time as above and practice,...
To smart people no need to say and to others is not worth...
The Market pays you to be disciplined
  • #6,493
  • Nov 11, 2010 5:54am Nov 11, 2010 5:54am
Quoting juhanimi
That is VSA. Trendchannels, PA and volume.
Yep i know that but i said that he musnt work according one book,if he dont enjoy to trade that if he want to create their way of trading Volume that is much better,i trade totaly different from malc but i also have great succes and as i said i enjoy to trade that way.I use Volume just how i need and more simplicity is for me much better...

Cheers

Petar
"Buy on fear, sell on greed !!!
  • #6,494
  • Nov 11, 2010 5:57am Nov 11, 2010 5:57am
Quoting RyanRapa19
I have only been reading up on VSA. I currently do not have a substantial data feed with a sufficient volume indicator, other than MT4 through FXDD. What would be your best recommendation, E-Signal Feed and Programs through TradeGuider or is there other options for beginner VSA'ers to get some exposure to usable volume data? Seen some post about 'ninja trader' and some indicators DLs that you posted?
They say that Interbank FX demo has almost same volume than eSignal.
  • #6,495
  • Nov 11, 2010 6:22am Nov 11, 2010 6:22am
Quoting Petar_Serbia
Yep i know that but i said that he musnt work according one book,if he dont enjoy to trade that if he want to create their way of trading Volume that is much better,i trade totaly different from malc but i also have great succes and as i said i enjoy to trade that way.I use Volume just how i need and more simplicity is for me much better...

Cheers

Petar
I know what you mean, Petar;
But juhanimi was answering to a question about how to learn VSA fast, not about how to trade using volume.

So the answer to the question is yes, in order to learn VSA as it is, one should (must) read MTM, more than once.
It doesn't mean that, after you get the concepts and start to trade them, you can't apply them on some type of variation that suits you. I think we all more or less do that.

This is a VSA thread, where everyday new people come interested in learning about it;
What you trade isn't VSA - you use volume in a different way.
It doesn't mean your way isn't interesting (your success tells otherwise), but don't go telling people who wish to learn and ask about one thing, to do otherwise.

If they ask VSA, we answer VSA - It's totally up to them to, after reading (or not) the recomended books, to apply different stuff and concepts, variations, indicators... or even to return to RSIs, MAs and MACDs.
  • #6,496
  • Nov 11, 2010 6:27am Nov 11, 2010 6:27am
Quoting RyanRapa19
Malcolmb14,
New to posting, but have been following your thread for the last month or so and have been reading material about VSA....
thanks for the post.

I thought that 2 hour showed strength off 1.3670 yesterday but the facts is that , for now anyway, on any bounces buyers just run out of steam. The 4 hour hulls is still red and this means that trend is down on bigger picture

was there strength , I thought so , but for now either 1.3700 is being tested of that little up move got absorbed.
Blogging daily now at www.volume.zone
  • #6,497
  • Nov 11, 2010 6:31am Nov 11, 2010 6:31am
Quoting taomql4
Buyers came in for sure but were quickly wiped out...PURE momentum uptick
Now will see if 1.3700 holds.... ..Or is it going to be a Stopping volume that fails on the 4hr TF..

seems euro mega weak ....if that 1.3670 low of yesterday taken out then we will see 1.33 and maybe lower next week

could also be testing right now as this down move on very low vol
Blogging daily now at www.volume.zone
  • #6,498
  • Nov 11, 2010 6:32am Nov 11, 2010 6:32am
Quoting malcolmb14
seems euro mega weak ....if that 1.3670 low of yesterday taken out then we will see 1.33 and maybe lower next week

could also be testing right now as this down move on very low vol
Now it looks like you was right...again... that it was distribution on H1.
  • #6,499
  • Edited 6:42am Nov 11, 2010 6:41am | Edited 6:42am
HAAHAHAHAAHA

In first sentence You are saying that euro is mega week and in next one already saying that it could be testing

Mal, in such way You are and will be absolutely right ALWAYS

Sorry, its funny


Best,
Tom





Quoting malcolmb14
seems euro mega weak ....if that 1.3670 low of yesterday taken out then we will see 1.33 and maybe lower next week

could also be testing right now as this down move on very low vol
  • #6,500
  • Nov 11, 2010 6:51am Nov 11, 2010 6:51am
Quoting tfflyer
HAAHAHAHAAHA

In first sentence You are saying that euro is mega week and in next one already saying that it could be testing

Mal, in such way You are and will be absolutely right ALWAYS

Sorry, its funny


Best,
Tom
Sounds like indecisive to me as fx often is, nothing funny there.....
Don't be a hero. Don't have an ego. Always question yourself
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