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vsa with Malcolm

  • #9,501
  • Jan 11, 2011 12:03pm Jan 11, 2011 12:03pm
eur 60...

http://img828.imageshack.us/img828/20/1101111902h.png
  • #9,502
  • Jan 11, 2011 12:04pm Jan 11, 2011 12:04pm
Quoting Dr.Geppynius
lol as long as we agree everything is good
LOL

You've gotta laugh
  • #9,503
  • Jan 11, 2011 12:06pm Jan 11, 2011 12:06pm
Quoting malcolmb14
2 hr chart ..trigger line 1.5556.... under that in asia and that high volume up bar today

Attachment
chart later but not how the trigger line I noted yesterday was tested to the pip in us and price took of form it 90 pip ....

The one to watch in london is 1,5624
Blogging daily now at www.volume.zone
  • #9,504
  • Jan 11, 2011 12:07pm Jan 11, 2011 12:07pm
Quoting Dr.Geppynius
eur 60...
Yes that doesn't look too good for shorts but, I'm hoping to be out before that kills me.
  • #9,505
  • Jan 11, 2011 12:08pm Jan 11, 2011 12:08pm
5570 was mine trigger#...adjust your computers clock for the bars to close exactly

5624 it also was on jan 4th

Quoting malcolmb14
chart later but not how the trigger line I noted yesterday was tested to the pip in us and price took of form it 90 pip ....

The one to watch in london is 1,5624
  • #9,506
  • Jan 11, 2011 12:17pm Jan 11, 2011 12:17pm
oOoOoOoO will you get your drop intel or will they spring it?
  • #9,507
  • Jan 11, 2011 12:18pm Jan 11, 2011 12:18pm
Quoting Dr.Geppynius
eur 60...
Aarrrrggghhh I removed my TP from 2951 and reset at 2941......and price just tagged 2951!!!!!

Hope thats not the low!!!!!!
  • #9,508
  • Jan 11, 2011 12:19pm Jan 11, 2011 12:19pm
Quoting Intel
EU M5
LOL great minds think alike. Actually, I got a couple of questions from an "Old School" trader who wanted to know about the Supply/Demand Zones. I believe Intel mentions them in the last video.

Anyway, there are some specific rules to defining a SD Zone and I really am not able to discuss them. What I was trying to do is incorporate volume in the definition. If you look at the chart below, you can see that the SD Zone is based on an Long Shadow created on Ultra High Volume. It is not unlike the trigger number/level idea. The trigger number idea uses the close or the low or the high, the SD Zone is the body of the WRB or the shadow of a Long shadow candle.

Once you define them, the key is to look for trades within them in the future. There are some posts on the old thread you can look at for more info.

The idea is that the higher probability trades will set up within or right around the SD Zone. If you take a step back, then you can see that if you have the discipline, it will help you from over trading-the more zones the more opportunities to trade, the fewer zones the fewer opportunities. As with most things in trading, of course, there is a trade off. You will see very nice VSA set-ups occur nowhere near a Zone and you will not be able to take advantage of them.

As for the trade shown, I think Intel did a more than adequate job in explaining it. I would add that from a Non VSA perspective, that the Key Reversal Bar (KRB) type 1 is a great entry. It happens to be an engulfing candle after we have seen down candles on low volume. Personally, I don't like the fact that they make higher highs, but they do close down on obviously low volume.

Question #2: Yes, I have to admit that there is a beauty and simplicity in a chart like this. You don't have to know how to program (save for the volume) which means you can more easily change platforms if need be. I did watch the videos and it was a bit disturbing. While I would not call the traders shown, syndicate traders, it is true that they all were using candles and no Indies. I believe Gavin would say that the TG charts are not designed to mimic the charts of the Smart Money, but rather ferret out their intentions.

This is clearly a response to my previous post. The key there was that a new VSA trader could do one thing: look for no demands in a down trend. Where the down trend was defined not by price but by his or her favorite Indies or squiggly lines. In other words, before you get to a naked chart like Intel's you can transition slowly. You don't have to immediately clear your chart of everything and start trying to catch falling knives.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA10.png Size: 187 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,509
  • Jan 11, 2011 12:21pm Jan 11, 2011 12:21pm
to me we currently build a spring to attack the highs. different tfs show it 5- 10- 30. now i take some hopium




Quoting Intel
Aarrrrggghhh I removed my TP from 2951 and reset at 2941......and price just tagged 2951!!!!!

Hope thats not the low!!!!!!
  • #9,510
  • Jan 11, 2011 12:24pm Jan 11, 2011 12:24pm
Quoting Dr.Geppynius
5570 was mine trigger#...adjust your computers clock for the bars to close exactly

5624 it also was on jan 4th
In my world 14 pip is one hell of alot of money Matt ... get it right....

GMT not HMT (hitler mean time)
Blogging daily now at www.volume.zone
  • #9,511
  • Jan 11, 2011 12:25pm Jan 11, 2011 12:25pm
Quoting Dr.Geppynius
i just have bought me some euros since i expect a continuation of the move.

this simple setup suits me here.

http://img340.imageshack.us/img340/2117/1101111858h.png
ES/S&P did 5 points down during the normally easygoing 1-2pm EST lunch period ... euro survived well, and definitely has buyers, but correlation there is keeping us back, but USD is declining nicely..
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-11_132658.png Size: 13 KB
  • #9,512
  • Jan 11, 2011 12:27pm Jan 11, 2011 12:27pm
Quoting malcolmb14
In my world 14 pip is one hell of alot of money Matt ... get it right....

GMT not HMT (hitler mean time)
  • #9,513
  • Jan 11, 2011 12:28pm Jan 11, 2011 12:28pm
Quoting Beljevina
ES/S&P did 5 points down during the normally easygoing 1-2pm EST lunch period ... euro survived well, and definitely has buyers, but correlation is keeping us back.
Good old correlation
  • #9,514
  • Jan 11, 2011 12:28pm Jan 11, 2011 12:28pm
es could be buy the dip mode as always till 1500... or 2883


Quoting Beljevina
ES/S&P did 5 points down during the normally easygoing 1-2pm EST lunch period ... euro survived well, and definitely has buyers, but correlation is keeping us back.
  • #9,515
  • Jan 11, 2011 12:28pm Jan 11, 2011 12:28pm
Quoting HiddenGap
LOL great minds think alike. Actually, I got a couple of questions from an "Old School" trader who wanted to know about the Supply/Demand Zones. I believe Intel mentions them in the last video.

Anyway, there are some specific rules to defining a SD Zone and I really am not able to discuss them. What I was trying to do is incorporate volume in the definition. If you look at the chart below, you can see that the SD Zone is based on an Long Shadow created on Ultra High Volume. It is not unlike the trigger number/level idea. The trigger number idea...
Fantastic, as always.
  • #9,516
  • Jan 11, 2011 12:29pm Jan 11, 2011 12:29pm
Quoting HiddenGap
LOL great minds think alike. Actually, I got a couple of questions from an "Old School" trader who wanted to know about the Supply/Demand Zones. I believe Intel mentions them in the last video.

Anyway, there are some specific rules to defining a SD Zone and I really am not able to discuss them. What I was trying to do is incorporate volume in the definition. If you look at the chart below, you can see that the SD Zone is based on an Long Shadow created on Ultra High Volume. It is not unlike the trigger number/level idea. The trigger number...
just to check out what you said... WOW! I drew boxes over the wicks of UHV Red and While bars... real real big Eye opener!!!!

Thank you soo much HG...
  • #9,517
  • Jan 11, 2011 12:30pm Jan 11, 2011 12:30pm
ahaha awesome

14 pip gu is 1312,50 usd.


Quoting malcolmb14
In my world 14 pip is one hell of alot of money Matt ... get it right....

GMT not HMT (hitler mean time)
  • #9,518
  • Jan 11, 2011 12:35pm Jan 11, 2011 12:35pm
Hey guys, can I just ask are there certain times you should trade or shouldnt trade, certain sessions or certain market conditions you should take advantage of or avoid when trading using vsa?

regards.
  • #9,519
  • Jan 11, 2011 12:45pm Jan 11, 2011 12:45pm
Quoting NaughtyPip
Hey guys, can I just ask are there certain times you should trade or shouldnt trade, certain sessions or certain market conditions you should take advantage of or avoid when trading using vsa?

regards.
In my opinion from now until the London open isn't the best time to be trading or at least taking a new position. I find at this time of day you can't tell a true no demand for example because there is going to be less volume anyway. I'm sure someone else will be able to give you a more detailed answer though.
  • #9,520
  • Jan 11, 2011 12:46pm Jan 11, 2011 12:46pm
.

Anyway, there are some specific rules to defining a SD Zone and I really am not able to discuss them. [/quote]

Is that for legal reasons etc? Would love to know how to draw them.... properly
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