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vsa with Malcolm

  • #8,881
  • Jan 5, 2011 10:36am Jan 5, 2011 10:36am
Quoting Intel
If your going to use an MA, set it to something like 5 or 6.

But to decide if volume is low or not, compare it to the previous 2 bars only. That will give you a good basis. I think Better volume will paint these bars a different colour but I'm not sure cos I dont use it.
LOL! I got interested in VSA at first....because i don't see colours....
  • #8,882
  • Jan 5, 2011 10:37am Jan 5, 2011 10:37am
Quoting Intel
As always you are absolutely right.

AU M15
Noticed you took the trade at break of "better retest". i thought a test needs to make a lower low to be considered a test...i guess that makes your "retest" a hidden test? is that right?
Change is the only constant
  • #8,883
  • Jan 5, 2011 10:38am Jan 5, 2011 10:38am
Quoting Intel
As always you are absolutely right.

AU M15
TP hit
  • #8,884
  • Jan 5, 2011 10:39am Jan 5, 2011 10:39am
Quoting malcolmb14
he is german ... could be laced with mustard gas


You cant say that
  • #8,885
  • Jan 5, 2011 10:40am Jan 5, 2011 10:40am
Quoting amletit
LOL! I got interested in VSA at first....because i don't see colours....
Oh yeah I forgot sorry pal
  • #8,886
  • Jan 5, 2011 10:46am Jan 5, 2011 10:46am
Quoting Intel
Oh yeah I forgot sorry pal
LOL!!! My partner just stepped in, looked at the monitor and said....your chart is so multicoloured!!!! Are you supposed to trade forex or to bet on chart colours?!
  • #8,887
  • Jan 5, 2011 10:46am Jan 5, 2011 10:46am
Quoting tgwhbb
Here is my chart. took the entry on the break of the test high, SL set to test low, soon to move to BE.
Cool. Nice charts. How do you find the Polomine indicators? I keep meaning to properly implement them.

Watching the EUR channel closely here, but not seeing any VSA signs. Often this type of a bottom, given the signs of accumulation and word of options defense down there, holds. Could go up 30-60 pips from here, but a revisit & retest down here is almost a sure thing. Just speculation of course.
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  • #8,888
  • Jan 5, 2011 10:46am Jan 5, 2011 10:46am
Quoting tgwhbb
Noticed you took the trade at break of "better retest". i thought a test needs to make a lower low to be considered a test...i guess that makes your "retest" a hidden test? is that right?
You'll notice that I called it a 'Better test/NS'.

Technically its a NS but if you look whats happening as the story unfolds, SM tested for supply and found some so they gave it time to fade out then retested. This time there was less interest but still the volume was not much less than the previous 2 bars. So, they tested a 3rd time. This time there was significantly less volume at that level. They are now free to move price up.

SM were testing for sure but, price didnt make a lower low so we dont call it a test. Thats why I put the '../NS' at the end.
  • #8,889
  • Edited 11:01am Jan 5, 2011 10:51am | Edited 11:01am
Quoting Intel
As always you are absolutely right.
AU M15
Hi Intel, this is kind of a noob question:
any reason why u put 2 pips SL below that SO? is it because the spread for that pair is maximum 2 pips? or just personal preference?

Am i right to say that your intended win,loss ratio for that trade 1:1, since it has already hit your TP
  • #8,890
  • Jan 5, 2011 10:51am Jan 5, 2011 10:51am
Quoting Intel
You'll notice that I called it a 'Better test/NS'.

Technically its a NS but if you look whats happening as the story unfolds, SM tested for supply and found some so they gave it time to fade out then retested. This time there was less interest but still the volume was not much less than the previous 2 bars. So, they tested a 3rd time. This time there was significantly less volume at that level. They are now free to move price up.

SM were testing for sure but, price didnt make a lower low so we dont call it a test. Thats why I put the '../NS'...
Amazing!! I suspect Intel is abbreviation of Intelligence....MI4 at forex service!
  • #8,891
  • Jan 5, 2011 10:55am Jan 5, 2011 10:55am
Quoting Beljevina
Cool. Nice charts. How do you find the Polomine indicators? I keep meaning to properly implement them.

Watching the EUR channel closely here, but not seeing any VSA signs. Often this type of a bottom, given the signs of accumulation and word of options defense down there, holds. Could go up 30-60 pips from here, but a revisit & retest down here is almost a sure thing. Just speculation of course.
i use Polomine's market profile indy...works great, but don't remember now why i use it instead of the other marketprofile indy posted on this thread. the other indy for d/w/m pivots is not polomine's, it works great as well.

can't read eu15...maybe like you say there are no signals...but H1 starting to look promising for possible long, waiting confirmation and test
Change is the only constant
  • #8,892
  • Jan 5, 2011 10:56am Jan 5, 2011 10:56am
Quoting Intel
I'm reading mixed signals here. I have a previously drawn resistane area at 1.5650. Since breaking this downwards, price has tagged it (roughly), 3 times and failed all 3.

But we are seeing some bullish volume and PA on the Daily. The volume doesnt look like enough to break the resistance area so far but, we are in a low volume time of the year.

What are you seeing?
I see that the resistance area did in fact hold again. We will need to see much volume or a good accumulation period to break that one I think.
  • #8,893
  • Jan 5, 2011 10:59am Jan 5, 2011 10:59am
Quoting tgwhbb
i use Polomine's market profile indy...works great, but don't remember now why i use it instead of the other marketprofile indy posted on this thread. the other indy for d/w/m pivots is not polomine's, it works great as well.

can't read eu15...maybe like you say there are no signals...but H1 starting to look promising for possible long, waiting confirmation and test
Signs are there. I will coment shortly.....no time at the mo.
  • #8,894
  • Jan 5, 2011 11:10am Jan 5, 2011 11:10am
Quoting tgwhbb
i use Polomine's market profile indy...works great, but don't remember now why i use it instead of the other marketprofile indy posted on this thread. the other indy for d/w/m pivots is not polomine's, it works great as well.

can't read eu15...maybe like you say there are no signals...but H1 starting to look promising for possible long, waiting confirmation and test
EU M15

This is not so easy to see. This is in retrospect.
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  • #8,895
  • Jan 5, 2011 11:11am Jan 5, 2011 11:11am
A base in 15M futures? 3M showing signs of no supply as well ... start of move up?
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  • #8,896
  • Jan 5, 2011 11:15am Jan 5, 2011 11:15am
A no supply on Eddie or no demand on Swissy at the end of current 20min bar and i'll be setting an order. Pictures to follow if it unfolds.
  • #8,897
  • Jan 5, 2011 11:18am Jan 5, 2011 11:18am
Quoting Mtm
Hi Intel, this is kind of a noob question:
any reason why u put 2 pips SL below that SO? is it because the spread for that pair is maximum 2 pips? or just personal preference?

Am i right to say that your intended win,loss ratio for that trade 1:1, since it has already hit your TP
I have been trading this type of setup for quite some time and I have found that if the SO/UT is broken, the trade will fail. Very often tho, price will come back and test the SO/UT but WILL NOT break it. And price will then go in my favour. So I draw my 'line in the sand' at those levels +- 2 pips for leaway.

TP is a matter of preference. I will never pass on one of these setups, I will take ALL the ones I see. But this throws up a problem. A lot of the time, I am trading against the major trend so, price will not go my way for long sometimes. I have found through hard earned experience that a R:R of about 1:1 will payout consistantly.

I do not always use 1:1 method tho. Some time there may be other factors to take into account.
  • #8,898
  • Jan 5, 2011 11:34am Jan 5, 2011 11:34am
Quoting 1pipperhour
Will wait till it breaks first line I consider to be little resistance.



Intel, is this "hidden" upthrust we see on daily? I've noticed that if the candle isn't quit by the rules many of VSArs call it hidden. Hidden nd, hidden ut, hidden hidden

MTM goes through this. When we call things 'Hidden' it's not because they dont quite match the criteria required, its because we are looking at a different bar with a different name. EG - An UT is an up bar. A hidden UT is a down bar. Read MTM for all the terms.

The confusion comes in when people (myself included) get used to miss-labelling their charts. Also some people missuse the 'hidden' label and that adds to the confusion.


ps 'hidden test' is the one that makes me laugh. Some of the uses of that label are WILDLY out of whack!!!!!
  • #8,899
  • Jan 5, 2011 11:36am Jan 5, 2011 11:36am
Quoting Intel
EU M15

This is not so easy to see. This is in retrospect.
TP hit........if I'd been paying attention to the charts and took the trade
  • #8,900
  • Jan 5, 2011 11:45am Jan 5, 2011 11:45am
Quoting Intel
I have been trading this type of setup for quite some time and I have found that if the SO/UT is broken, the trade will fail. Very often tho, price will come back and test the SO/UT but WILL NOT break it. And price will then go in my favour. So I draw my 'line in the sand' at those levels +- 2 pips for leaway.

TP is a matter of preference. I will never pass on one of these setups, I will take ALL the ones I see. But this throws up a problem. A lot of the time, I am trading against the major trend so, price will not go my way for long sometimes....
Checkout this UT. It is a reasonably good UT but, it is in completely the wrong place. See how quickly the UT high is broken. It was broken before the setup was compete so we should not have lost a money on it.
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