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vsa with Malcolm

  • #9,581
  • Jan 12, 2011 4:19am Jan 12, 2011 4:19am
Quoting Intel
on M5, the short has gone. Maybe on higher TFs but, wait for a setup.
We have now a steep dip, maybe we will wait for a correction on M5 and a ND bar.
  • #9,582
  • Jan 12, 2011 4:20am Jan 12, 2011 4:20am
i am a buyer above 3020
  • #9,583
  • Jan 12, 2011 4:25am Jan 12, 2011 4:25am
EJ looks interesting.. possible short set up forming.
  • #9,584
  • Jan 12, 2011 4:41am Jan 12, 2011 4:41am
GU H4

Starts to look bearish and maybe they took stops with that UT?
We will see.
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.gif Size: 21 KB
  • #9,585
  • Jan 12, 2011 4:42am Jan 12, 2011 4:42am
Hello! I have to say i read parts of this thread and the Tom Williams book BUT i still dont understand how you enter trades. I know this is a lot to ask but can someone please explain to me:

1. If i want to SELL what signals do i look for? (example: a no demand bar followed by a close below it on good volume - this is made up as i dont know what the signals actually are, etc.)
2. Same goes for if i want to BUY.

I assume EXITS are made when you get a signal to BUY when you are in SELL and viceversa! Thank you!
  • #9,586
  • Jan 12, 2011 4:43am Jan 12, 2011 4:43am
As newbie I use Intel's guide... You miss some, but they are the safest entry and exits.

I will try finding the post.
  • #9,587
  • Jan 12, 2011 4:46am Jan 12, 2011 4:46am
Ok so entry requirements for a short trade, must be in order:-

1. Signs of weakness in UP BARS. (such as end of a rising market, buying climax, wide spread up bar closing in the middle on high volume. Read MTM for all the weak bar definitions.)

2. UT. (Again read MTM to identify the different types of UT).

3. UT conformation. (a down bar in the next 2 bars after an UT).

4. ND. (enter on the break of the low of this ND)


For long trades:-

1. Signs of strength in DOWN BARS. (such as end of a falling market, selling climax, wide spread down bar closing in the middle on high volume. Read MTM for all the strong bar definitions.)

2. SO. (Again read MTM to identify the different types of SO).

3. SO conformation. (an up bar in the next 2 bars after an SO).

4. NS or Test. (Back to MTM to identify the different types of test. Enter on the break of the high of this NS or Test).


You will find trades like this most days and if you've identified things correctly, you will make many many pips.

Your SL position is up to you but, I would suggest 2 pips above the high of the UT(for shorts) and 2 pips below the low of the SO (for longs).

Be disciplined and try this for the next 2 weeks. Dont forget to post your results
  • #9,588
  • Jan 12, 2011 4:49am Jan 12, 2011 4:49am
[quote=Alexone;4306871]Hello! I have to say i read parts of this thread and the Tom Williams book BUT i still dont understand how you enter trades. I know this is a lot to ask but can someone please explain to me:

Hi Alexone,

This 2 posts has helped me so much.... Take a look, you won't regret...

http://www.forexfactory.com/showpost...&postcount=624

http://www.forexfactory.com/showpost...postcount=3985


Mel
  • #9,589
  • Jan 12, 2011 4:49am Jan 12, 2011 4:49am
2980 can you see biggest shakeout ever? selling climax. i am heavily long
  • #9,590
  • Jan 12, 2011 4:51am Jan 12, 2011 4:51am
Quoting Dr.Geppynius
2980 can you see biggest shakeout ever? selling climax. i am heavily long
Right there with you.
  • #9,591
  • Jan 12, 2011 4:57am Jan 12, 2011 4:57am
EU H1
Just had a HV up narrow bar and close middle. Be careful with longs.
  • #9,592
  • Jan 12, 2011 4:58am Jan 12, 2011 4:58am
Quoting Dr.Geppynius
2980 can you see biggest shakeout ever? selling climax. i am heavily long
We will see
  • #9,593
  • Jan 12, 2011 5:00am Jan 12, 2011 5:00am
Quoting Alexone
Hello! I have to say i read parts of this thread and the Tom Williams book BUT i still dont understand how you enter trades. I know this is a lot to ask but can someone please explain to me:

1. If i want to SELL what signals do i look for? (example: a no demand bar followed by a close below it on good volume - this is made up as i dont know what the signals actually are, etc.)
2. Same goes for if i want to BUY.

I assume EXITS are made when you get a signal to BUY when you are in SELL and viceversa! Thank you!
Hi,

The best advice I can give you is

DONT TRADE A VSA SETUP UNTIL YOU'VE LEARNT HOW TO READ VSA.

If you do, I promise you, you will lose your money. VSA is not about setups, it's about seeing what th SM are doing and aligning yourself with them. Yes I trade setups all the time but, I know what the market is doing during that setup and I know when NOT to take the setup.

You MUST learn VSA BEFORE you try trading it.
  • #9,594
  • Jan 12, 2011 5:00am Jan 12, 2011 5:00am
Quoting Dr.Geppynius
2980 can you see biggest shakeout ever? selling climax. i am heavily long
There is still supply left.

Edit: I want to wait H4 closing. It seems like an ut (hidden ) forming. Also doji (last session) as reversal sign. Don't no much about Elliot but waiting for 5th wave.
  • #9,595
  • Jan 12, 2011 5:03am Jan 12, 2011 5:03am
Quoting HiddenGap
Yes. People pay good money to learn about these zones and out of respect to them and Mark (the creator), I can't simply give the info away. However a lot of the info is actually free. But what I have done is come up with my own definitions and those I have no problem sharing.

Below is an example of a very nice WRB Zone based on my definition of strong continuation. One of the keys here is the volume and if you look at my post about trigger numbers/levels you can see the parallels.

**Edit**: Always with an eye to the VSA, I should note that the...
LOL

I was wandering if you were going to mention the 'GAP'

Nice post btw.
  • #9,596
  • Jan 12, 2011 5:04am Jan 12, 2011 5:04am
Out on the bar right after the SO. Volume too high for that spread in my opinion.
  • #9,597
  • Jan 12, 2011 5:11am Jan 12, 2011 5:11am
oho! wise!

Quoting dreamtheater
We will see
  • #9,598
  • Jan 12, 2011 5:13am Jan 12, 2011 5:13am
My read of cable atm is overall strenght, now with this dip, and good volume coming in. A long setup should not be far away.

Anyone has any comments?
  • #9,599
  • Jan 12, 2011 5:17am Jan 12, 2011 5:17am
Quoting Alexone
...I assume EXITS are made when you get a signal to BUY when you are in SELL and viceversa! Thank you!
i do not know about others, but frm personal experience the above assumption is not entirely accurate. Many times, u do Not get a signal to trade in the opposite direction in order to TP your current trade.

Quoting Intel
Hi,
The best advice I can give you is
DONT TRADE A VSA SETUP UNTIL YOU'VE LEARNT HOW TO READ VSA.
If you do, I promise you, you will lose your money. ...
What Intel said above is SO true. u must learn ALL the bars there is to learn in vsa and spot them b4 your entries. i use Bar-by-bar analysis with vsa, bg and SR is very important as well. there is absolutely no shortcuts to learning.. be prepared to get mentally drained...lol
  • #9,600
  • Jan 12, 2011 5:22am Jan 12, 2011 5:22am
Quoting Dr.Geppynius
oho! wise!
Entschuldigung, wenn ich dich beleidigt habe
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