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vsa with Malcolm

  • #6,941
  • Nov 19, 2010 2:31pm Nov 19, 2010 2:31pm
Hi Malcom
I'm new member, i have already trading more than one year but i always loss. what is benafid of VSA , thank for your information
  • #6,942
  • Nov 19, 2010 9:31pm Nov 19, 2010 9:31pm
......and been long for awhile now, long term. Everything pointing to the stars. But to be honest, I was like you waiting to hit the 3300, ( 61.8% Fib @ 1.3271 ), but knowing E/U like I do it is much more likely to turn at 50% than it is at 61.8. I still do not know enough about VSA, but my new system is really working great, and that being the case I will not confuse your pupils by posting my charts here. But, just in case someone wants to see them, here is the link to my thread.

http://www.forexfactory.com/showpost...&postcount=781

Quoting malcolmb14
I am very bullish eu now ... after today thinking we have a 300 to 400 pip up week next week,

today was bag holding ... go look at your 60 min charts you will see the buying on dips really clearly. 1.3720 failed for now but not sure it will next week.

es same , came down tested 1188 and found buyers to take it back up for the day

as for gu got to 60 min and look at 5940 area, seems like massive buying on what could be a shake out.

I am not bearish at all on eu and gu to be honest
  • #6,943
  • Nov 20, 2010 4:27am Nov 20, 2010 4:27am
EU H4
Break down or up?
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  • #6,944
  • Nov 20, 2010 4:34am Nov 20, 2010 4:34am
And daily, but I really cannot trust these daily volumes.
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  • #6,945
  • Nov 20, 2010 4:40am Nov 20, 2010 4:40am
What you guys think about that ?

http://www.forexfactory.com/showthre...27#post4184627

http://www.forexfactory.com/showthre...86#post4186286

Cheers.
COT: The precious data ignored
  • #6,946
  • Nov 20, 2010 4:41am Nov 20, 2010 4:41am
And weekly. So, I don`t know.
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  • #6,947
  • Nov 20, 2010 5:03am Nov 20, 2010 5:03am
But, large traders are bearish (COT).
So, my guess is that we are moving down.
Attached Image
  • #6,948
  • Nov 20, 2010 4:40pm Nov 20, 2010 4:40pm
2hr chart ... do you see any sellers just yet ?
friday was a test .. down day low vol

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #6,949
  • Nov 20, 2010 5:05pm Nov 20, 2010 5:05pm
Quoting malcolmb14
2hr chart ... do you see any sellers just yet ?
friday was a test .. down day low vol

Attachment

But..

If this was accumulation wouldnt the price be bouncing off of .345-.35 ish?

The theory that I got from MTM is that the professional money does not want to mark the price up against themselves, and to me this seems like a steady increase in price. Which that means professionals would be buying at higher pricers every dip, which doesnt fit their profiles, I.E the last distrubution period we saw before FOMC, sorry I dont have any charts infront of me. Its been about 6 months since Ive read MTM, but that was the understanding that I got from the Accumulation/Distrubution chapter.

Any replies would be appreciated.

Thanks.
  • #6,950
  • Nov 20, 2010 5:14pm Nov 20, 2010 5:14pm
true .. you would expect a more of a sideways market BUT check out that volume at 1,3500. It was the highest volume since fomc. If the pros somehow know that Irelands issues were going to be resolved and that euro may run to 1,4500 would they not think that 1,3650 is still a great bargain ?

I try not to over think those things , for now I see dips being bought until they aren't. Have a look at your 15 min friday. EU was being bought on the Heli Ben ' we will halt qe2 if inflation gets above 2%' dollar droppage speech



Quoting SimpleDev
But..

If this was accumulation wouldnt the price be bouncing off of .345-.35 ish?

The theory that I got from MTM is that the professional money does not want to mark the price up against themselves, and to me this seems like a steady increase in price. Which that means professionals would be buying at higher pricers every dip, which doesnt fit their profiles, I.E the last distrubution period we saw before FOMC, sorry I dont have any charts infront of me. Its been about 6 months since Ive read MTM, but that was the understanding that I got from...
Blogging daily now at www.volume.zone
  • #6,951
  • Nov 20, 2010 5:47pm Nov 20, 2010 5:47pm
Quoting malcolmb14
true .. you would expect a more of a sideways market BUT check out that volume at 1,3500. It was the highest volume since fomc. If the pros somehow know that Irelands issues were going to be resolved and that euro may run to 1,4500 would they not think that 1,3650 is still a great bargain ?

I try not to over think those things , for now I see dips being bought until they aren't. Have a look at your 15 min friday. EU was being bought on the Heli Ben ' we will halt qe2 if inflation gets above 2%' dollar droppage speech
malc do you sleep my friend ?>

For me speaking now about what we can see on monday is totaly loosing time,better go fish on ocean
Till monday open we cant know where will go buyers and sellers also how will be news rections...

If we speak about Volume,most important thing is current situation and just current, when we can see where is buyers and sellers in current moment...

I just back from club,lets dance

Inserted Video


Cheers

Petar
"Buy on fear, sell on greed !!!
  • #6,952
  • Nov 20, 2010 7:11pm Nov 20, 2010 7:11pm
Petar

we going to have this conversation again ?

vsa is ALL about background ..what happened 2 days ago will show what is going to happen next week

right now I am 90% sure we see 1.3950

Quoting Petar_Serbia
malc do you sleep my friend ?>

For me speaking now about what we can see on monday is totaly loosing time,better go fish on ocean
Till monday open we cant know where will go buyers and sellers also how will be news rections...

If we speak about Volume,most important thing is current situation and just current, when we can see where is buyers and sellers in current moment...

I just back from club,lets dance

http://www.youtube.com/watch?v=EF8jz...eature=related

Cheers

Petar
Blogging daily now at www.volume.zone
  • #6,953
  • Nov 20, 2010 7:29pm Nov 20, 2010 7:29pm
Hi ... this is my first posting here and i am a newbie in learning phase.

I like visiting this thread to learn heart of VSA. This thread is very helpfull


Rgds,iqyu
my view : http://www.forexfactory.com/showpost...&postcount=901


Quoting malcolmb14
I am very bullish eu now ... after today thinking we have a 300 to 400 pip up week next week,

today was bag holding ... go look at your 60 min charts you will see the buying on dips really clearly. 1.3720 failed for now but not sure it will next week.

es same , came down tested 1188 and found buyers to take it back up for the day

as for gu got to 60 min and look at 5940 area, seems like massive buying on what could be a shake out.

I am not bearish at all on eu and gu to be honest
not euphoria follower
  • #6,954
  • Nov 20, 2010 7:56pm Nov 20, 2010 7:56pm
Quoting Petar_Serbia
malc do you sleep my friend ?>

For me speaking now about what we can see on monday is totaly loosing time,better go fish on ocean
Till monday open we cant know where will go buyers and sellers also how will be news rections...

If we speak about Volume,most important thing is current situation and just current, when we can see where is buyers and sellers in current moment...

I just back from club,lets dance

http://www.youtube.com/watch?v=EF8jz...eature=related

Cheers



Petar

I saw malcolmb in the clubs , he's just using his iphone...

Inserted Video
  • #6,955
  • Nov 20, 2010 8:23pm Nov 20, 2010 8:23pm
Quoting taomql4
I saw malcolmb in the clubs , he's just using his iphone...

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

Been at the 'massage' place all afternoon . On the iPad .lol
Blogging daily now at www.volume.zone
  • #6,956
  • Nov 20, 2010 10:52pm Nov 20, 2010 10:52pm
Quoting malcolmb14
2hr chart ... do you see any sellers just yet ?
friday was a test .. down day low vol

Attachment
lol ? referring to my post?
COT: The precious data ignored
  • #6,957
  • Nov 21, 2010 2:06am Nov 21, 2010 2:06am
Hello Everyone

I want to ask If someone is willing to convert BetterVolume 1.4 to MT5 version? There are 3 files for MT4 and would be 2 files for MT5.Thank you in advance.
The Market pays you to be disciplined
  • #6,958
  • Nov 21, 2010 2:35am Nov 21, 2010 2:35am
Quoting malcolmb14
true .. you would expect a more of a sideways market BUT check out that volume at 1,3500. It was the highest volume since fomc. If the pros somehow know that Irelands issues were going to be resolved and that euro may run to 1,4500 would they not think that 1,3650 is still a great bargain ?
I never did really understand the june low at .18. It was slammed right before it hit bottom. and no sideways accumulation took place, at the time I dismissed it to inexperience..

Looks like EU repeating itself...
  • #6,959
  • Nov 21, 2010 4:56am Nov 21, 2010 4:56am
Quoting malcolmb14
Petar

we going to have this conversation again ?

vsa is ALL about background ..what happened 2 days ago will show what is going to happen next week

right now I am 90% sure we see 1.3950
Malc i cant agree with you and i have good reason...You said what happened 2 days ago will show where we go next week,for me abolutly no becouse,every day is story for yourself,and thing you said is based on past,remember past isnt signal for future. We cant know where we can go becouse both side has sense i will post my chart i posted 1 week ago where i said we will test 1.3400 and maybe lower..

Look what we have on daily >

Good chanel,good retrace point 75 fibo and very clear pattern Gartley and also ABCD..

This also has big sense for future down,that is why i said every day i story for yourself and just intaday trades can be valid trigger for me...

Cheers

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: patterneruusd.gif Size: 31 KB
"Buy on fear, sell on greed !!!
  • #6,960
  • Nov 21, 2010 5:56am Nov 21, 2010 5:56am
Quoting Petar_Serbia
Malc i cant agree with you and i have good reason...You said what happened 2 days ago will show where we go next week,for me abolutly no becouse,every day is story for yourself,and thing you said is based on past,remember past isnt signal for future. We cant know where we can go becouse both side has sense i will post my chart i posted 1 week ago where i said we will test 1.3400 and maybe lower..

Look what we have on daily >

Good chanel,good retrace point 75 fibo and very clear pattern Gartley and also ABCD..

This also has big sense...
Hi Petar,

I dont want to get involved in a pissing contest but I wanted to point a few things out.

Fibs, Gartley and ABCD methods ALL rely completely on what happened in the past! I'm not a user of any of these so I can't give an accurate description of whether they work or not. However, VSA is a different game altogether.

There are basically to different ways to use VSA successfully:-

1. Using the immediate history to see what SM are doing in the immediate future.
2. Using the longer term history to see what SM will do in the longer term.

HG and myself are users of method 1 and Mal is mainly a user of method 2. I believe from what I can see, that Gavin and Seb use a combination of both. For the correct use of method 2 it is essential that you are able to read and understand the charts while SM are in the Accumulation and distribution phases. These phases can sometimes take a very long time to play out. It is perfectly reasonable for this to last for a couple of days (or even several months depending on which TF you're reading).

As for the past not affecting the future.......let me put a few points to you. Using VSA to read charts is like reading a book. You read them from left to right and as you continue to read, the book/chart unfolds. As with a good book, the first few pages/chapters will set the scene for what will come. Trying to guess what will happen next is almost impossible without knowing what has happened in the previous chapters. The same is true with chart reading.

Let me ask you a few questions.

1. Why does price go up? It's because there is more demand than supply.

2. How can there be more demand than supply? Because SM has bought all of the product at that particular price range, meaning that if someone else wants to buy some, they have to pay a higher price.

3. When did SM buy all of the product? IN THE PAST.

So you see, it is essential that you are able to recognise when SM are accumulating or distributing if you are to give yourself the best chance of predicting where the market is likely to head.

It is widely banded about the trading world that lagging indicators cannot be used to predict the future. I firmly believe this to be true. Where VSA differs is that, VSA is NOT an indicator. It is a language. The charts are written in VSA, and if you can read that language, the people writing the charts(SM) will tell you what they're trying to do next ie raise prices or lower prices.

IT'S ALL IN THE PAST!!!
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