vsa with Malcolm

hehe, 1 trade +10, the other at BE, not only i stole your chart, but i stole your trade too

edit: is it a SO on EU5? i think so, with confirmation behind, so we are waiting the NS now

A good entry, yes.

You can have an UT in a down trend, but it might mean something different to an UT in an up trend.

C'm on guys! GU had bad news this morning, it was thrusted down but fully recovered! What more has to happen to be a sign of strength??

thks Mr master

break of the high of the NS, let s gogogogo!!!!

Gu a little bit confused right now, 30 min chart shows strentgh and weakness, Ill be sitting on my hands untill either which way is broken.

That is not even close to a shake out.

Ready to get out....

damnit, so i should not have shorted it.

do you think thats all? bad news- drop- recovery? pump & dump. if there is a campaign and a decent block has to be exchanged at a specific rate, price will come back until it is done.

Sorry i posted the fxpro chart where entry is not visible. It was right at the breaking of NS.

5570 is toxic since friday...this is the uh vol price since a while. see what happened since then and see where the spike today hit to trigger some more orders.

Small it is but it is a shakeout, a sudden wide spread down to create panic selling. In trading fx I like to look at them in relative terms which in this case gives it enough cause in my mind to fit the definition.

at last EU goes up

1 trade at +26 and closed, the other SL at + 15 and keep goin' , tx for everything Intel!! you're the man!

and nice catch AMLETIT

Closed both eurusd and aususd longs for a total of 45 pips

Thanks all for teaching !!!!!

Extremely interesting PA in GU. Absolutely no doubt the bottoms are being bought - but the rises are getting sold into. Buying interest - so far - seems to be doing a great job of recovering the PA - check this current H1 bar, in light of what's normally a very powerful and telling pin bar given in the prior hour. Normally a pin bar like that would not be ignored, unless there's a strong trend underway. Can't say that is the case here, but you get the feeling barriers are being protected. (I know, the proper interpretation is one of indecision - my chart has now aged, and I see the top of the pin has been suppressed, with 10 min to go on the hour.) Oh, and let's not forget the USD weakness, probably helping us here. Amazing how the M15 IMO shows pronounced buying of the lows.

There were some great entries in the last hours and this last bottoming to the current hourly UTL, but I will for directional confirmation until the wedge is broken; am scalping the edges though. My thinking is that 1.545 has not yet been properly tested for any upwards action, and sellers are likely to get it there at some point in the next hours. A fair amount of wood to chop up to 1.565/1.567, which I regard as a very good ceiling for the time being. Need some news/catalyst to launch it.

I'm sorry, it sounds like I have the wrong bar. It looks like you're pointing to the wide spread down bar closing off the low.

Euro could run much further!

I have gotten a couple questions about Trigger Numbers. Gavin doesn't say a lot about them public ally, so my understanding of them is a bit limited.

The first thing to remember is that volume is important. I know, thank you captain obvious. LOL. But seriously, we want to first identify massive volume bars. The greater the volume (relative to other volume bars) the more significant the bar.

The next thing to do is to see if there has been a "reaction" or "move" associated with the appearance of the bar. This point means it easier to identify some trigger numbers in hindsight and not at the right edge. This is okay, because what we ultimately want to see is what happens when price moves back towards the level of the trigger number.

Some can be identified at the right edge as well. The last one on this chart is a possible trigger number. We have not seen a move after it, but the volume is the highest on the chart and the bar itself is a wide spread bar closing in the middle. A middle close is always a tip off from a VSA standpoint.

Take a look at the first Trigger number/level on the chart. Notice that a small but identifiable down trend ensued. Once we have seen this, we can draw into the future at the level of the close. What we want to see is what happens if and when price comes back to this level. Look what happens here. We get a Squat followed by an Up Thrust. And price fails to close above this level. PLEASE NOTE: whether this is a trade set up is actually independent of the trigger number itself.

The second trigger number/level is based on the shake out.

Now if you really want to identify the most likely important trigger levels, you
would be aware of the News. An ultra high volume bar on a wide spread that is the result of a news release will very likely turn out to be good trigger number/level bar. Especially if the volume is the largest volume in the last 50-100 intervals.

I should point out that you can have an Ultra High Volume down bar, for example, with continuation to the downside be a trigger number. In other words, the move does not have to be in the opposite direction for the bar to be a valid trigger number.

Gavin's book should be out in a month or so, and I suspect it will answer many questions on the subject. Until then, experiment and post examples. We can figure them out together.

not yet imho. way too much supply around.

....forget the beach for a whole weekend and study HiddenGap's posts collection and Intel's charts...

thanks guys!!!


6 positive trades in a day ( a couple of them just for 2/3 pips....for lack of confidence). But that is not the point. I could have lost them all, but what matters is that i wasn't trading randomly just because i felt a cross could go up or down. I was trading what i see and saw what i learnt.
This thread is the best school for learning forex trading so a big big thank you to all those advanced vsa traders who spend a lot of their time to teach us how to...READ A CHART !!!!!