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vsa with Malcolm

  • #8,101
  • Dec 21, 2010 2:35pm Dec 21, 2010 2:35pm
Greetings all, I have enjoyed checking in on this thread and my trading has defiantly improved as a result.


Quoting HiddenGap
Looks like accumulation on the 5 min.
I was hoping somebody could help me out with HG's chart posted earlier today. I understand a squat to be a change of ownership bar, but I'm not 100% sure what the bars indicated with arrows are. Is this testing for supply?
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  • #8,102
  • Dec 21, 2010 2:50pm Dec 21, 2010 2:50pm
Quoting apple_sauce
If you disregard a ND at 2pm pst then should you also disregard a test at the same time?
yes ... there is no vol in the market at that time so what looks like test / nd etc are not real
Blogging daily now at www.volume.zone
  • #8,103
  • Dec 21, 2010 3:07pm Dec 21, 2010 3:07pm
Shamus and TwoBuckChuck programmed SMART.For what they did obviously their programming skills cannot be questioned (in my opinion)...So what can be questioned? Their VSA knowledge which was applied to develop SMART...
Their VSA knowledge can be judged and evaluated only by those who knows more then them.
The Market pays you to be disciplined
  • #8,104
  • Dec 21, 2010 3:24pm Dec 21, 2010 3:24pm
Quoting tea.tea
....I was hoping somebody could help me out with HG's chart posted earlier today. I understand a squat to be a change of ownership bar, but I'm not 100% sure what the bars indicated with arrows are. Is this testing for supply?
I was just pointing out that the down bars are on low volume (the arrows) or are squats-decreasing ranges on increasing volume.

Some may in fact be Tests or No Supply, but my intention was to show the general lack of volume on down bars.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,105
  • Dec 21, 2010 3:46pm Dec 21, 2010 3:46pm
Quoting mima
Shamus and TwoBuckChuck programmed SMART.For what they did obviously their programming skills cannot be questioned (in my opinion)...So what can be questioned? Their VSA knowledge which was applied to develop SMART...
Their VSA knowledge can be judged and evaluated only by those who knows more then them.

I think the point was ... you do not need a software to show you vsa. In fact it is best not to have one as it makes you think for yourself.

I spoke to gavin about SMART and copyright issues... h He said ironically they are sending alot of business his way..that says it all
Blogging daily now at www.volume.zone
  • #8,106
  • Dec 21, 2010 3:49pm Dec 21, 2010 3:49pm
look at same chart on a 15 min time frame .... tell me what you see before sideways action , accumulation and then move back up

Quoting tea.tea
Greetings all, I have enjoyed checking in on this thread and my trading has defiantly improved as a result.




I was hoping somebody could help me out with HG's chart posted earlier today. I understand a squat to be a change of ownership bar, but I'm not 100% sure what the bars indicated with arrows are. Is this testing for supply?
Blogging daily now at www.volume.zone
  • #8,107
  • Dec 21, 2010 3:51pm Dec 21, 2010 3:51pm
Quoting malcolmb14
look at same chart on a 15 min time frame .... tell me what you see before sideways action , accumulation and then move back up
was an easy trade off todays poc ...

stopping then test to prove strength

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #8,108
  • Dec 21, 2010 4:15pm Dec 21, 2010 4:15pm
Quoting malcolmb14
I think the point was ... you do not need a software to show you vsa. In fact it is best not to have one as it makes you think for yourself.

I spoke to gavin about SMART and copyright issues... h He said ironically they are sending alot of business his way..that says it all
Mal, my point was that some traders pee on SMART and they didn't read MTM yet or they don't know what abbreviation VSA mean...just a few of you can comment about SMART...and as I mentioned a few times before: You are the Master.
The Market pays you to be disciplined
  • #8,109
  • Edited 4:16am Dec 22, 2010 1:58am | Edited 4:16am
wow, i''ve been away & am surprised to learn about the recent 'event'

Quote
In fact it is best not to have one as it makes you think for yourself.
trading is an excellent brain exercise

Quoting malcolmb14
I think the point was ... you do not need a software to show you vsa.In fact it is best not to have one as it makes you think for yourself.
I spoke to gavin about SMART and copyright issues... h He said ironically they are sending alot of business his way..that says it all
Happy Holidays ALL!
  • #8,110
  • Dec 22, 2010 7:11am Dec 22, 2010 7:11am
Self explanatory short EU. High Volume Up bars completely absorbed by sellers. Evident in all tf's however the H1 and M30 allowed easy entries with the No Demands marked.



p.s
Wishing you all great holiday season and a prosperous NY!
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  • #8,111
  • Dec 22, 2010 8:45am Dec 22, 2010 8:45am
Hi Malcolm14,

I've been following your thread for a while, but would you please tell me how do you place stop loss on your trades?

Other members are welcome to give opinions.

1). Do you place stops on the high/low on the candle? or?

2). If you see reversal on volume?

Do you set stop loss let's say 10-15 pips the high or low of the candle and let the market to perform and set take profit 15-30 pips (example)?

Thanks!

TKFOO84
  • #8,112
  • Dec 22, 2010 8:48am Dec 22, 2010 8:48am
There was talk of trigger numbers yesterday

Here is a 10 min eu chart that I did trade today

1) bars red = look for sells
2) h stops above price = look for sells
3) up move with supply hitting market on news
4) close of that bar in middle 1.3125 , 10 pip under vwap
5) 4 bars later = low vol closiung in middle , could have been test but not with that clear supply bar behind us , we could also assume that even if the 3100 level is tested this trade would produce 20 pip .

Attached Image (click to enlarge)
Click to Enlarge Name: eu 10 min.jpg Size: 184 KB
Blogging daily now at www.volume.zone
  • #8,113
  • Dec 22, 2010 9:15am Dec 22, 2010 9:15am
please comment on this possible setup on AUDUSD. Looking for ND under/near trigger for entry. au is currently at top of short term downtrend and failed at parity again.

after hitting parity this morning, au came down on lower volume, then up on UHV closing off the high. trigger number .9992. long wicks on down bars are worrisome, but waiting for ND to appear near the trigger for short entry.

Did I miss anything?

Thanks!
Attached Image (click to enlarge)
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Change is the only constant
  • #8,114
  • Dec 22, 2010 9:19am Dec 22, 2010 9:19am
Quoting tgwhbb
please comment on this possible setup on AUDUSD. Looking for ND under/near trigger for entry. au is currently at top of short term downtrend and failed at parity again.

after hitting parity this morning, au came down on lower volume, then up on UHV closing off the high. trigger number .9992. long wicks on down bars are worrisome, but waiting for ND to appear near the trigger for short entry.

Did I miss anything?

Thanks!
looks good to me
Blogging daily now at www.volume.zone
  • #8,115
  • Dec 22, 2010 11:01am Dec 22, 2010 11:01am
Quoting malcolmb14
There was talk of trigger numbers yesterday

Here is a 10 min eu chart that I did trade today

1) bars red = look for sells
2) h stops above price = look for sells
3) up move with supply hitting market on news
4) close of that bar in middle 1.3125 , 10 pip under vwap
5) 4 bars later = low vol closiung in middle , could have been test but not with that clear supply bar behind us , we could also assume that even if the 3100 level is tested this trade would produce 20 pip .

Attachment
Hi malc,

your ND came about under the trigger, but after the trend had changed to a down trend. Is it best to wait for triggers and ND once the trend is down?or are they just as valid before the downtrend shows itself?

Thanks!
Change is the only constant
  • #8,116
  • Dec 22, 2010 11:07am Dec 22, 2010 11:07am
Quoting HiddenGap
I was just pointing out that the down bars are on low volume (the arrows) or are squats-decreasing ranges on increasing volume.

Some may in fact be Tests or No Supply, but my intention was to show the general lack of volume on down bars.
Thank you HiddenGap for your reply. I have just re-read the Effort versus Results section in MtM

"If selling has decreased on any down-move, the market will then want to go up (no selling pressure).
It takes an increase of buying, on up-days (or bars), to force the market up."

So on reflection, the low volume down bars represent no effort to move down?
  • #8,117
  • Dec 22, 2010 11:09am Dec 22, 2010 11:09am
Quoting malcolmb14
look at same chart on a 15 min time frame .... tell me what you see before sideways action , accumulation and then move back up

Ahhh yes, I had spotted the stopping volume but missed the test confirming strength. thanks
  • #8,118
  • Dec 22, 2010 11:26am Dec 22, 2010 11:26am
Quoting tea.tea
Thank you HiddenGap for your reply. I have just re-read the Effort versus Results section in MtM

"If selling has decreased on any down-move, the market will then want to go up (no selling pressure).
It takes an increase of buying, on up-days (or bars), to force the market up."

So on reflection, the low volume down bars represent no effort to move down?
Yes that is right but please bare in mind that the market can drift downwards on low volume, so beware of this when looking for longs.
  • #8,119
  • Dec 22, 2010 11:32am Dec 22, 2010 11:32am
Quoting Sonny1
Self explanatory short EU. High Volume Up bars completely absorbed by sellers. Evident in all tf's however the H1 and M30 allowed easy entries with the No Demands marked.



p.s
Wishing you all great holiday season and a prosperous NY!
Text book entry Sonny, very nice. I'm at work at the mo so cant see any charts but, that should give a nice profit.
  • #8,120
  • Dec 22, 2010 11:39am Dec 22, 2010 11:39am
Quoting tgwhbb
please comment on this possible setup on AUDUSD. Looking for ND under/near trigger for entry. au is currently at top of short term downtrend and failed at parity again.

after hitting parity this morning, au came down on lower volume, then up on UHV closing off the high. trigger number .9992. long wicks on down bars are worrisome, but waiting for ND to appear near the trigger for short entry.

Did I miss anything?

Thanks!
Dont take this as gospel but when using high volume bars for trigger levels I'm sure you should enter at the close of the 1st bar to close below the trigger level (or above for longs). I dont think you need wait for NDs. By default, the first bar to close below the trigger level will be a down bar.
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