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vsa with Malcolm

  • #7,781
  • Dec 8, 2010 9:03am Dec 8, 2010 9:03am
Quoting Beljevina
Dragan, You've posted some helpful links, but having that video "Us or bankers" as part of your signature is very obstrusive - it takes up way too much of each of your posts. You might want to wrap it with "[UR L]" and "[/UR L]", similar to my footer.

Yeah, please do. I had to take a second look to see if you were for real or not. Lot's of troublemakers around.

Cheers!
  • #7,782
  • Dec 8, 2010 9:49am Dec 8, 2010 9:49am
I read that “A test of supply occurs when the price is marked down to see if greater volume comes in at the lower price. If it does, this signifies supply is in the market. ... However, if the market is marked down and no sellers emerge at these lower prices, the price will come back up to close off the low, volume is lower relative to the prior candles.”

Can seniors please help me understand the concept? What is the underlying psychology behind?

I thought to entice supply/people to sell, price shd be marked UP, i.e. higher, instead of lower!!

Thx.
  • #7,783
  • Dec 8, 2010 10:42am Dec 8, 2010 10:42am
Quoting Sonny1
Multiple Reasons for Trade
- upper quadrant of down channel dating back from Nov 4
- H&S pattern. High Vol, UT @ Right Shoulder
- MACD Divergence
- Trade was actually taken off a m5 ND

H1 & H4 charts below

could be top of market ,,,, check your 2 hr
Blogging daily now at www.volume.zone
  • #7,784
  • Dec 8, 2010 10:54am Dec 8, 2010 10:54am
Quoting CollectPIPS
I read that “A test of supply occurs when the price is marked down to see if greater volume comes in at the lower price. If it does, this signifies supply is in the market. ... However, if the market is marked down and no sellers emerge at these lower prices, the price will come back up to close off the low, volume is lower relative to the prior candles.”

Can seniors please help me understand the concept? What is the underlying psychology behind?

I thought to entice supply/people to sell, price shd be marked UP, i.e. higher, instead of...
In order for prices to rise supply has to be removed, a test will occur after strength/buying has entered the market, it is simply a way of seeing if supply is still present...this will have to removed before higher prices are possible.
Seek not to change the world; seek only to change your mind about the world
  • #7,785
  • Dec 8, 2010 11:06am Dec 8, 2010 11:06am
S&P weakness confirmation? EORM in early november indicated with black line. HV UT yesterday additional confirmation. Would need down day on S&P before end of week to confirm UT. Any comments / alternate views?

Thanks!
-tg
Attached Image (click to enlarge)
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Change is the only constant
  • #7,786
  • Dec 8, 2010 11:42am Dec 8, 2010 11:42am
Quoting tgwhbb
S&P weakness confirmation? EORM in early november indicated with black line. HV UT yesterday additional confirmation. Would need down day on S&P before end of week to confirm UT. Any comments / alternate views?

Thanks!
-tg
The volume would be needed to break an old top, I dont think this run is done yet.
  • #7,787
  • Edited 12:13pm Dec 8, 2010 12:03pm | Edited 12:13pm
Chart speaks for itself.

http://i865.photobucket.com/albums/a...te146/gu4h.jpg

Today I saw a run up then distribution at the top. So looks like this picture is coming together.
  • #7,788
  • Dec 8, 2010 12:54pm Dec 8, 2010 12:54pm
Quoting tgwhbb
S&P weakness confirmation? EORM in early november indicated with black line. HV UT yesterday additional confirmation. Would need down day on S&P before end of week to confirm UT. Any comments / alternate views?

Thanks!
-tg

seeing same weakness

In fact i also had no deman day before ut

BUT es can remian irrational longer than then your acocunt can avoid margin call ...lol.....happened before to DR geppy .. not margin call but weakness was all over place and market went another 50 points plus
Blogging daily now at www.volume.zone
  • #7,789
  • Dec 8, 2010 12:58pm Dec 8, 2010 12:58pm
Quoting malcolmb14
seeing same weakness

In fact i also had no deman day before ut

BUT es can remian irrational longer than then your acocunt can avoid margin call ...lol.....happened before to DR geppy .. not margin call but weakness was all over place and market went another 50 points plus
no trade in yet will watch for 1) down day by the end of the week to confirm UT/weakness, then 2) ND and short order should go below low of ND...might not get the best entry but should be safest i would think.
Change is the only constant
  • #7,790
  • Dec 8, 2010 1:37pm Dec 8, 2010 1:37pm
Quoting mima
You can keep posting those videos on every single page several times until Malcolm post you on his ignor list....the sooner the better.
its my signature,i dont know how to just make it into words

beljevina can u copy and paste ur signature,ill just edit,thanks
  • #7,791
  • Dec 8, 2010 2:29pm Dec 8, 2010 2:29pm
Quoting tgwhbb
S&P weakness confirmation? EORM in early november indicated with black line. HV UT yesterday additional confirmation. Would need down day on S&P before end of week to confirm UT. Any comments / alternate views?

Thanks!
-tg
For what it's worth, I've found this VSA_Reversal indi under TOS to be very accurate for /ES; it's got a great track record for entries, but doesn't give exits. It's quite good at catching the tops and bottoms on a daily basis. Said to sell at 1,226.25, although we did get into that the current melt-up mode, albeit it on declining volume.
Attached Image (click to enlarge)
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  • #7,792
  • Dec 8, 2010 4:55pm Dec 8, 2010 4:55pm
Quoting 1pipperhour
What is your SL and TP. If SL is less than 50 it must be hit by now? You entered to early IMO.
.. Shame, seemed high probability at the time. These markets always get unpredictable this time of year.


Mal could you shed some light on this previous post??

Quoting Sonny1
Hi Mal,

I came across one of your posts in another thread where you mentioned algo trading. Now as days pass by, more and more influence from quantitative algorithm trading impacts the market...

Since VSA is an interpretation of the 'psychology' of the SM and the herd, would it not also be disrupted by computer psych per se? Hence make it less of a valid analysis - or you think that its still credible as always.

Cheers.

Sonny
  • #7,793
  • Dec 8, 2010 5:19pm Dec 8, 2010 5:19pm
Quoting Sonny1
.. Shame, seemed high probability at the time. These markets always get unpredictable this time of year.


Mal could you shed some light on this previous post??
If I may,

Algo trading certainly happens in many markets. It is basically, computer trading. This means (as you said) that it trades without compasion and without sentiment.

However, it has to be understood that computer traders make up approx 1% (actually I have no idea as to the actuall amount, but its reall small) of retail traders. Baring in mind that we are trying to follow the Smart Money and not the retail trader. The algo 'sentiment' (or lack of) will not bother us at all.

It is one of those things that we know happens, but we can safely ignore.
  • #7,794
  • Dec 8, 2010 5:22pm Dec 8, 2010 5:22pm
es is so simple if you under stand vsa that you do not need an indie to tell you the reversal points.

1128 was a sell today , 1126.75 a little early but end of day there we had 2 nice trade both off supply hitting market at prior sell zone form globex session highs

es is about understanding the buy / zone levels.... computer algos on es eat these up

Quoting Beljevina
For what it's worth, I've found this VSA_Reversal indi under TOS to be very accurate for /ES; it's got a great track record for entries, but doesn't give exits. It's quite good at catching the tops and bottoms on a daily basis. Said to sell at 1,226.25, although we did get into that the current melt-up mode, albeit it on declining volume.
Blogging daily now at www.volume.zone
  • #7,795
  • Dec 8, 2010 5:25pm Dec 8, 2010 5:25pm
Intel

more and more there is proof of algo trading . not hft but steady buying or selling and market symmetry

check gold yesterday ... how can a bunch of humans move it eaxctl 10 down 5 up , 10 down 5 up 10 down 5 up 10 down 5 up ? exact symmetry x 4 . It was being sold by a computer algo i swear . Aslo note eu always moves 60 then 30 60 then 30 ... always. You can count on it. Again not done by pure human traders

ES last week did not even have a tick down for 2 days. Not traded by humans that day either

Quoting Intel
If I may,

Algo trading certainly happens in many markets. It is basically, computer trading. This means (as you said) that it trades without compasion and without sentiment.

However, it has to be understood that computer traders make up approx 1% (actually I have no idea as to the actuall amount, but its reall small) of retail traders. Baring in mind that we are trying to follow the Smart Money and not the retail trader. The algo 'sentiment' (or lack of) will not bother us at all.

It is one of those things that we know happens, but we...
Blogging daily now at www.volume.zone
  • #7,796
  • Dec 8, 2010 5:31pm Dec 8, 2010 5:31pm
Quoting Beljevina
For what it's worth, I've found this VSA_Reversal indi under TOS to be very accurate for /ES; it's got a great track record for entries, but doesn't give exits. It's quite good at catching the tops and bottoms on a daily basis. Said to sell at 1,226.25, although we did get into that the current melt-up mode, albeit it on declining volume.
You are an experienced trader so I say this with dignity. Ther are pretty much no indicators that can take the place of vsa knowledge. If you find yourself lacking in knolwedge of a particular area of VSA (and you could do with an indi to help you out a bit), go back to school and learn more about it. It is the hard way but, by far the best way.
  • #7,797
  • Dec 8, 2010 5:39pm Dec 8, 2010 5:39pm
Quoting malcolmb14
Intel

more and more there is proof of algo trading . not hft but steady buying or selling and market symmetry

check gold yesterday ... how can a bunch of humans move it eaxctl 10 down 5 up , 10 down 5 up 10 down 5 up 10 down 5 up ? exact symmetry x 4 . It was being sold by a computer algo i swear . Aslo note eu always moves 60 then 30 60 then 30 ... always. You can count on it. Again not done by pure human traders

ES last week did not even have a tick down for 2 days. Not traded by humans that day either
As we know, the market is driven by SM and not the retail trader. I find it difficult to believe that SM is relying on a computer to trade for them. We both know that computer trading happens, there's no question of this.

As for
'5 up 10 down, 5 up etc'

I do not belive that any force on the planet can accurately achieve this in a liquid market on a regular basis. The fact that it has happened this time, does nothing to change my mind about this.

It is certainly 'spooky', but thats about it for me.
  • #7,798
  • Dec 8, 2010 5:44pm Dec 8, 2010 5:44pm
Thank you.

<In order for prices to rise supply has to be removed...> this part I understand. No problem.

What I don't understand is that to entice supply/sellers to come out to sell, I thought we wld normally make price higher, not lower. But what I read was "A test of supply occurs when the price is marked down..." This I don't understand.

Thx.

Quoting gez40
In order for prices to rise supply has to be removed, a test will occur after strength/buying has entered the market, it is simply a way of seeing if supply is still present...this will have to removed before higher prices are possible.
  • #7,799
  • Dec 8, 2010 5:46pm Dec 8, 2010 5:46pm
Quoting Intel
As we know, the market is driven by SM and not the retail trader. I find it difficult to believe that SM is relying on a computer to trade for them. We both know that computer trading happens, there's no question of this.

As for
'5 up 10 down, 5 up etc'

I do not belive that any force on the planet can accurately achieve this in a liquid market on a regular basis. The fact that it has happened this time, does nothing to change my mind about this.

It is certainly 'spooky', but thats about it for me.
Further to this, if a computer could manipulate the market that accurately (10 up, 5 down, 10 up etc), we the retail trader, would be on an even keel with them. There is no question about this because some of the best computer programmers on the planet are university students. They would certainly be able to reproduce any program that SM could produce, and act against SM.
  • #7,800
  • Dec 8, 2010 7:16pm Dec 8, 2010 7:16pm
Take a look Daily EU.
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