vsa with Malcolm | Page 407 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #8,121
  • Dec 22, 2010 11:44am Dec 22, 2010 11:44am
my previous post outlined a possible short entry on audusd with trigger at .9992. since then au has kept going up, albeit on decreasing volume on the 15m so still waiting for the trigger number to be triggered with a ND near it. My question is, how long does that trigger number stay valid for? or rather, when is it invalidated? I don't mean length of time, rather what would invalidate the possible short on the chart? would the possible test indicated on the chart be enough to invalidate the trigger/potential selling?

thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: au15-dec22-2.png Size: 34 KB
Change is the only constant
  • #8,122
  • Dec 22, 2010 11:50am Dec 22, 2010 11:50am
Quoting TKFOO84
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.
TKFOO84
If I may chime in hear. Malcolm will most likely have a different opinion or way of placing stops, but that ultimately bespeaks of the personal nature of stop placement.

Take a look at the chart below.

I have identified two entries (according to my trading plan). The first entry I have not said much about as it is more aggressive from my perspective. The second entry is that No Demand moving back toward the trigger level which I have been writing a lot about recently.

We must first understand that the market will always tell you where the best place to put your stop is. We must also understand that the market does not care about your account size or any risk/ration calculations you do. If you can or are only willing to risk $500 on any one trade, the market does not care. (to be clear, $500 is just a number I made up guys).

Okay, back to the chart.

It does not matter which entry is used here. The place to put a stop is a tick or two above the high of the Trap Up Move/ Up Thrust type bar with the Yao Ming volume. Why? Because by definition when price rose to this level Professionals came in and dumped supply. So if these same professionals decide not to defend this level in the future, that is, keep prices below this level, then you certainly don't want to be short above this level.

The move to this level on the bar in question is "Fake". But any closes above this level going forward run the risk of being "Real".

I have included an option 2 on the chart. This is a tick or two above a 2 bar Reversal. Same ideas here. If this level is not defended by the Smart Money then you don't want to be short above it. That is to say, you would be wrong on this trade and need to get out.

Once you are in the trade and you find out that you are in tune with the market, the you can employ a trailing stop method. I am trying to move to a trailing stop based on the Chaos Price Attractor Line (Balance Line). It is a stop on close above/below the line for short or longs respectively. The bar marked exit would be that place here.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA6.png Size: 159 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,123
  • Dec 22, 2010 11:54am Dec 22, 2010 11:54am
Thanks for the awesome post ....



Quoting HiddenGap
If I may chime in hear. Malcolm will most likely have a different opinion or way of placing stops, but that ultimately bespeaks of the personal nature of stop placement.

Take a look at the chart below.

I have identified two entries (according to my trading plan). The first entry I have not said much about as it is more aggressive from my perspective. The second entry is that No Demand moving back toward the trigger level which I have been writing a lot about recently.

We must first understand that the market will always tell you where the...
Blogging daily now at www.volume.zone
  • #8,124
  • Dec 22, 2010 12:19pm Dec 22, 2010 12:19pm
Quoting Intel
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.

Thanks for the advise.
  • #8,125
  • Dec 22, 2010 12:42pm Dec 22, 2010 12:42pm
Dear All, I am pretty new to VSA but I find it a great resource.
Although some months ago I would have probably been short in this configuration for simple technical analysis, now I am considering a long.
Hereby my analysis!! Can an expert have a look and let me know what does he think about it? thanks!!!
David
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.gif Size: 136 KB
  • #8,126
  • Dec 22, 2010 12:55pm Dec 22, 2010 12:55pm
Okay, I hope that this is the last post I have to write on the subject of SMART.

My major bone of contention with SMART comes down to this: prior to the advent of SMART Shamus had created the best community of FREE information about Volume Spread Analysis on the web. People like Malcolm and Intel routinely posted gems and asked nothing in return. I learned a lot. When a detractor raised his ugly head, the community rallied around each other and made everyone feel safe and connected.

All sorts of Indies (for good or bad) were shared. Malcolm shared all that he had the legal right to. Various posters created things and gave them away. There was a sense that we were all in this thing together. Then Shamus begins to create SMART. He left me, and many others, with the impression that he was simply doing it out of the goodness of his heart. Which would not be unusual based on what had happened before in the thread. I must admit that I was curious and at awe that he would be spending such time to create a program to better all who wanted it at no charge. Nevertheless, it was the type of thing I had come to expect from the members of the thread.

Then it happened. I was confronted by my own naiveté. Shamus wants money for this product he has created. Hey, as traders, we are capitalists. Making money is not a crime. Tearing the heart out of a community, certainly should be.

Now all those good posts made prior to the introduction of SMART might not be seen because the thread is in the commercial thread. Or worse, they might be read and seen as a tacit endorsement for SMART. SMART has the Dynamic Balance Point Line in it. I gave that code away freely. But I certainly don't want people thinking I in anyway endorse SMART because the DBPL is in it.

Thankfully, Malcolm started this thread and it has filled the void. Which brings me to my next point. If you want to learn VSA there is no reason to spend a dime. You have free access to a truly great VSA trader. He has made over 17000 posts (wow get a life Mal LOL). Intel has posted countless nuggets. There are many others, too many in fact to name. The point is that the info is here to be absorbed.

If you want to learn VSA here is a quick list:

1. Read Master the Markets (it's even a free download).
2. Screen Time
3. Read every post by Malcolm.
4. Screen Time
5. Read every post by Intel.
6. Screen Time
7. Read every post in this thread.
8. Screen Time
9. Read every post in the original thread up to the point where SMART is introduced.
10. Screen Time
11. Attend every free Tradeguider webinar. I would recommend signing up for every one even the ones you can't attend to at least get your name on the list for the archives.
12. Screen Time
13. Watch every youtube video from Tradeguider.
14. Screen Time
15. (optional) Join the VSA club.
16. Screen Time
17. Post your own charts with questions and comments.
18. Screen Time
19. Go to #1.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,127
  • Dec 22, 2010 1:12pm Dec 22, 2010 1:12pm
One issue with this post I would like to add

READ EVERY POST BY HIDDEN GAP ....

Merry xmas and Happy new year HG.. thanks for the input.

I too was pissed off the way Shamus snuck up on us form behind.... and then denies anyone helped him get there.

I always maintain there are those of us that can trade and then there are those of us that cannot trade worth a shit but develop software and pretending we are awesome traders.

This also touches on something a trader was pming me about today.

I have and use tradeguider as I use both esignal and bought software way back when. Do I need it ? ...NO. Does it form an integral part of my trading system NO

NO software will replace YOUR understanding of vsa. Read mtm many time , apply the principles in that on your charts , practice , practice , practice.

DO NOT TRY AND PICK TOPS AND BOTTOMS you will be stopped 90% of the time. Instead wait for trends / confirmation of weakness / strength



Quoting HiddenGap
Okay, I hope that this is the last post I have to write on the subject of SMART.

My major bone of contention with SMART comes down to this: prior to the advent of SMART Shamus had created the best community of FREE information about Volume Spread Analysis on the web. People like Malcolm and Intel routinely posted gems and asked nothing in return. I learned a lot. When a detractor raised his ugly head, the community rallied around each other and made everyone feel safe and connected.

All sorts of Indies (for good or bad) were shared. Malcolm...
Blogging daily now at www.volume.zone
  • #8,128
  • Dec 22, 2010 1:14pm Dec 22, 2010 1:14pm
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!
trigger pulled. short at .9992...first target .9960. We'll see...ND bar indicated could also be a hidden test...but biased to ND due to UVH bar. sl 1.0012.
Attached Image (click to enlarge)
Click to Enlarge Name: au15-dec22-3.png Size: 32 KB
Change is the only constant
  • #8,129
  • Dec 22, 2010 1:20pm Dec 22, 2010 1:20pm
eu 15 min left to right

pot buying climax
ut showing weakness
then after this 30 pip down candle but then market rose for next 2 hours but in background we know weakness is still there .. also not the jurix moving average still pink == looking for sells

3rd line + effort to rise no vol
4th line = ut and 1st entry

5th line + supply hitting market at london lows....2nd chance for entry and one i took at 3120 today

This trade matured into a nice trade... with confirmations of weakness at 2 points on the move down to 3080. I entered this trade today with 100% confidence that it would work

Attached Image (click to enlarge)
Click to Enlarge Name: chart3146.gif134.png Size: 155 KB
Blogging daily now at www.volume.zone
  • #8,130
  • Dec 22, 2010 1:57pm Dec 22, 2010 1:57pm
Quoting tgwhbb
trigger pulled. short at .9992...first target .9960. We'll see...ND bar indicated could also be a hidden test...but biased to ND due to UVH bar. sl 1.0012.
tgwhbbр , I took the same trade with you and we will see......
  • #8,131
  • Dec 22, 2010 2:06pm Dec 22, 2010 2:06pm
Quoting dreamtheater
tgwhbbр , I took the same trade with you and we will see......
You Gotta watch Your POC's - You are sitting on a Bedrock !
  • #8,132
  • Dec 22, 2010 2:35pm Dec 22, 2010 2:35pm
Quoting taomql4
You Gotta watch Your POC's - You are sitting on a Bedrock !
the POCs i have for 12/14 and today are around .9990. the POC from 12/14 contained a lot of selling so it should act as resistance i would think...that's what i was thinking...but now looking at it again, he POC appears to have become support and the UHV now looks like buyers to overcome the resistance. 9 more pips to SL...will let it run just to see...ah learning experience thank you small position size.

Thanks Tao for pointing that out.
Change is the only constant
  • #8,133
  • Dec 22, 2010 2:37pm Dec 22, 2010 2:37pm
They have to remove those Buyers , if they are going to go down !!! Remember , the HV upbar was tested once. ..

2 X No supply at POC -- Second NS was even lesser than the First(Maybe due to closing market)
. Some are finding Bargains below.
Attached Image (click to enlarge)
Click to Enlarge Name: eu152.jpg Size: 133 KB
  • #8,134
  • Dec 22, 2010 2:58pm Dec 22, 2010 2:58pm
Quoting tgwhbb
the POCs i have for 12/14 and today are around .9990. the POC from 12/14 contained a lot of selling so it should act as resistance i would think...that's what i was thinking...but now looking at it again, he POC appears to have become support and the UHV now looks like buyers to overcome the resistance. 9 more pips to SL...will let it run just to see...ah learning experience thank you small position size.

Thanks Tao for pointing that out.
Probably the reason why you have the HV up bar and it Got tested almost immediately , that's usually a hint the opposite is happening .

Market is almost dead now , better to wait and see ( next session)
  • #8,135
  • Dec 22, 2010 3:20pm Dec 22, 2010 3:20pm
Hey Mal,

How you doin bud? Taking time off for xmas? Hopefully it snows and we get a proper xmas!

Jag
  • #8,136
  • Dec 22, 2010 3:21pm Dec 22, 2010 3:21pm
Quoting taomql4
Probably the reason why you have the HV up bar and it Got tested almost immediately , that's usually a hint the opposite is happening .

Market is almost dead now , better to wait and see ( next session)
...still so much to learn...will read MTM again over the holidays
Change is the only constant
  • #8,137
  • Dec 22, 2010 3:23pm Dec 22, 2010 3:23pm
Quoting tgwhbb
the POCs i have for 12/14 and today are around .9990. the POC from 12/14 contained a lot of selling so it should act as resistance i would think...that's what i was thinking...but now looking at it again, he POC appears to have become support and the UHV now looks like buyers to overcome the resistance. 9 more pips to SL...will let it run just to see...ah learning experience thank you small position size.

Thanks Tao for pointing that out.
1. What actually is POC's?
2. Was your SL on 1.0012 as you wrote originally or 1.012 ?
Thanks
  • #8,138
  • Dec 22, 2010 3:28pm Dec 22, 2010 3:28pm
Quoting dreamtheater
1. What actually is POC's?
2. Was your SL on 1.0012 as you wrote originally or 1.012 ?
Thanks
POC = point of control. level where there was the most volume for the day. today's was around .9990, so was last Tuesday's. this makes a s/r level to watch.

SL at 1.0012 2 pips above the upthrust

search this thread for market profile, you will find an indicator for POCs
Change is the only constant
  • #8,139
  • Dec 22, 2010 4:27pm Dec 22, 2010 4:27pm
Quoting HiddenGap
Okay, I hope that this is the last post I have to write on the subject of SMART.

My major bone of contention with SMART comes down to this: prior to the advent of SMART Shamus had created the best community of FREE information about Volume Spread Analysis on the web. People like Malcolm and Intel routinely posted gems and asked nothing in return. I learned a lot. When a detractor raised his ugly head, the community rallied around each other and made everyone feel safe and connected.

All sorts of Indies (for good or bad) were shared. Malcolm...

There is just so much right with this post. Who ever's looking after the HG.doc I made, get this in there but, dont forget Mals little addition.......hugely important.

Note to HG tho if you dont mind..........I thought you would have mentioned Screen Time.......
  • #8,140
  • Dec 22, 2010 5:19pm Dec 22, 2010 5:19pm
Mal,

You got a great community of traders here. Hats off to HG, Intel, Mal, and all the other VSAers sharing all of your trading wisdom. Enjoying the thread.
"Don't trade to trade . . . trade to win." - James16
8 traders viewing now