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vsa with Malcolm

  • #9,841
  • Jan 14, 2011 12:45pm Jan 14, 2011 12:45pm
Quoting HiddenGap
Okay, I'm going to take a page out of Intel's book. Here's a quiz.

The question is, which short entry (shown on the 5 min. chart) A or B is the prefered entry and why?

Please do not say "Entry A because it's higher".

Hopefully, we get some interesting discussion here.
Hi HG,

Here is my take...

1st let me show u the trend line over the 2 months period.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_313 Jan. 15 02.33.gif Size: 28 KB


now 15mins:
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_314 Jan. 15 02.41.gif Size: 26 KB


So not only was it testing the previous supply & the trap upmove. It was also testing the trend resistance.

So in this case the answer for me is B . I actually took this trade.
  • #9,842
  • Jan 14, 2011 12:45pm Jan 14, 2011 12:45pm
Quoting HiddenGap
I thought this would be a bitter harder since it is a bit of a trick question.

Short entry A is not No Demand. It is a squat. It's still a valid entry for some, but not the old friend we actually like to see. Entry A is valid based on some of the older teachings of VSA, including MTM. In fact this is an entry that would be discussed in the original Bootcamp with Tom and Todd. Sgfxtrader nailed the concept and it would be more correct if that was actually a No Demand bar.

Short entry B is the ideal place to short according to the more recent...
As always, it's a pleasure to read your posts.

Thank you very much.
  • #9,843
  • Jan 14, 2011 1:00pm Jan 14, 2011 1:00pm
Quoting taomql4
Testing same Price level again ......

How about one Failed (red), and the other Passed(white) , after Supply hit the market.
I have to tip my hat to you sir. Very nice answer. Don't be such a stranger here.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,844
  • Jan 14, 2011 1:17pm Jan 14, 2011 1:17pm
Quoting kave
..Here is my take...1st let me show u the trend line over the 2 months period.
Attachment
So not only was it testing the previous supply & the trap upmove. It was also testing the trend resistance.
So in this case the answer for me is B . I actually took this trade.
Very nice. I can't draw trend lines myself. Nice trade.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,845
  • Jan 14, 2011 1:17pm Jan 14, 2011 1:17pm
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...
HG,

How do you approach your trades and what do you watch for when price approches the hidden gaps zones. The zone you showed in this example was tested on January 12th with price breaking above, retracing into it again on the 13th before breaking out again that same day and making the big move up. How would you or how did you trade this?

Sorry if this has been asked or covered (please direct me to the relevant post).
Today's zone = Tomorrow's opportunity!
  • #9,846
  • Edited 2:06pm Jan 14, 2011 1:56pm | Edited 2:06pm
Quoting HiddenGap
I thought this would be a bitter harder since it is a bit of a trick question.

...
M15 chart: Price entered supply level (look left, December 14,2010) and dropped from that level. Simple based on law of supply and demand price must drop from there ...no need for MA or anything else...that up squat was one more confirmation that price couldn't stay at supply level...
M5 chart: as you marked, to enter, level A would be better because it is closer to supply level, based on law of supply and demand.
In my opinion law of supply and demand comes first ...everything else must fit in it.
The Market pays you to be disciplined
  • #9,847
  • Jan 14, 2011 2:22pm Jan 14, 2011 2:22pm
Quoting Intel
http://www.youtube.com/watch?v=61TN4x3hU_M
Quoting Intel
Entered on the M5 NS. TP hit. However, a typo meant that I didnt trade the right amount so didnt make as much as I should.
Mind if i ask if you put your buy order in at top of A and waited which seems to have triggered at A-1 or if you entered at top of B
Attached Image (click to enlarge)
Click to Enlarge Name: dd.gif Size: 23 KB
  • #9,848
  • Jan 14, 2011 3:09pm Jan 14, 2011 3:09pm
Quoting RaverStyleTim2
Mind if i ask if you put your buy order in at top of A and waited which seems to have triggered at A-1 or if you entered at top of B
I was going to ask the very same question.

Edit: FWIW I like B myself. A Raction low point can be identified and B is a "selling" bar. That is, it makes a lower low and not a higher high than the previous bar. A makes a higher high and not a lower low, which makes it a "buying" bar. I just think the "selling" bar is more powerful because it's misnamed and misinterpreted by the herd. Well, Intel will let us know I hope.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,849
  • Jan 14, 2011 3:58pm Jan 14, 2011 3:58pm
other thing is weekly range was well over done at 1.3300 , let alone 1.3480

I am thinking we get some testing to 1.3280 next week then move to 1.3680 .....

Quoting kave
Hi HG,

Here is my take...

1st let me show u the trend line over the 2 months period.
Attachment

now 15mins:
Attachment

So not only was it testing the previous supply & the trap upmove. It was also testing the trend resistance.

So in this case the answer for me is B . I actually took this trade.
Blogging daily now at www.volume.zone
  • #9,850
  • Jan 14, 2011 4:08pm Jan 14, 2011 4:08pm
Quoting HiddenGap
Okay, I'm going to take a page out of Intel's book. Here's a quiz.

The question is, which short entry (shown on the 5 min. chart) A or B is the prefered entry and why?

Please do not say "Entry A because it's higher".

Hopefully, we get some interesting discussion here.
LOL

I almost included this trade in my video this morning.


My opinion is:-

1. You have marked plenty of weak bars on the way up, I would use them as such.
2. The top 3 M15 bars form a great 3 bar UT.
3. The next M15 bar confirms the UT.
4. The very next M5 bar is an up bar with a ND/test of demand bar next(entry B). This is my normal entry.
5. Under my normal rules for TP setting, your pt 2 bar would have triggered it.
6. My video shows the long setup which I entered 5 bars after your M5 KRB.

Great stuff this. Keep um coming HG. Some fantastic answers too. When we have little quizes like this we all learn something from each other. Its not about who DOESN'T KNOW, its about sharing our ideas.
  • #9,851
  • Jan 14, 2011 4:10pm Jan 14, 2011 4:10pm
Quoting RaverStyleTim2
Mind if i ask if you put your buy order in at top of A and waited which seems to have triggered at A-1 or if you entered at top of B
The break of the high of your bar A was the entry point. And yes it was triggered at your bar A1.
  • #9,852
  • Jan 14, 2011 8:02pm Jan 14, 2011 8:02pm
Was working so missed out on the quiz thing etc. If we could do something like that every Friday evening to round up the week that'd be great. Something along the lines of "chart of the week" would be brilliant!

A pleasure to be a part of this thread.
  • #9,853
  • Jan 14, 2011 9:14pm Jan 14, 2011 9:14pm
Quoting HiddenGap
I thought this would be a bitter harder since it is a bit of a trick question.

...

Well, I am only one to enter short A...
The Market pays you to be disciplined
  • #9,854
  • Edited 8:37am Jan 15, 2011 4:34am | Edited 8:37am
Quoting FXing
I would take B. Why?, ... because of the huge volume wide up bar where supply entered. I like to wait for the break of the "limits" (high or low) of this kind of bars. Once we have crossed the low of that bar I will wait for a clear sign for confirming weakness and jump in, ... in this case that sign was the ND you have marked.

Anyway in this case the ND in A has a volume a little high for my preferences so I wouldn't take it as a clear ND.
Hi Can FXing or someone explain "I like to wait for the break of the "limits" (high or low) of this kind of bars." (Which bar? the blue bar on the far left, on the same level as the 2nd ND? )
http://www.forexfactory.com/attachme...1&d=1295088698

and :
"Once we have crossed the low of that bar" <-- this bar here means the huge volume wide up bar (in the above green circle) or the 2nd ND?


Quoting Intel
The break of the high of your bar A was the entry point. And yes it was triggered at your bar A1.
Hi Intel, I always thought the entry bar would be the following bar right after the test (if it breaks the high), so in this example, i would have actually taken the trade at B instead of A. Sometimes, B never comes and i would totally miss the trade.

I see your entry bar at 'A1' is the 3rd bar from 'A'. My question is: the entry bar would preferbly come within how many bars after the test if you were to take it?

---> Thanks Intel for replying in post #9858.
  • #9,855
  • Jan 15, 2011 6:03am Jan 15, 2011 6:03am
Could someone post a chart of GU&EU Daily with esignal or rtd or similar with real volume.
Thanks.
  • #9,856
  • Jan 15, 2011 6:46am Jan 15, 2011 6:46am
Do they look like same?
Attached Images
  • #9,857
  • Jan 15, 2011 6:51am Jan 15, 2011 6:51am
Quoting juhanimi
Could someone post a chart of GU&EU Daily with esignal or rtd or similar with real volume.
Thanks.
Prorealtime free and Alpari
Attached Image (click to enlarge)
Click to Enlarge Name: SSL22143.JPG Size: 121 KB

Attached Image (click to enlarge)
Click to Enlarge Name: SSL22144.JPG Size: 120 KB
  • #9,858
  • Jan 15, 2011 8:02am Jan 15, 2011 8:02am
Quoting Mtm
Hi Can FXing or someone explain "I like to wait for the break of the "limits" (high or low) of this kind of bars." (Which bar? the blue bar on the far left, on the same level as the 2nd ND? )
http://www.forexfactory.com/attachme...1&d=1295088698

and :
"Once we have crossed the low of that bar" <-- this bar here means the huge volume wide up bar (in the above green circle) or the 2nd ND?



Hi Intel, I always thought the entry bar would be the following bar right after...
I like the trad to trigger within 4 or 5 bars but you could wait longer. Your personal experience will tell you how long YOU are prepared to wait.
  • #9,859
  • Jan 15, 2011 11:14am Jan 15, 2011 11:14am
Quoting Mtm
Hi Can FXing or someone explain "I like to wait for the break of the "limits" (high or low) of this kind of bars." (Which bar? the blue bar on the far left, on the same level as the 2nd ND? )
http://www.forexfactory.com/attachme...1&d=1295088698

and :
"Once we have crossed the low of that bar" <-- this bar here means the huge volume wide up bar (in the above green circle) or the 2nd ND?



Hi Intel, I always thought the entry bar would be the following bar right after...
I refer to the blue bar on the left, the one with the high volume and marked as "Supply" by HG.

This kind of bars are the key, if SM had a lot of activity (high volume) at those levels and now market is in the opposite direction and below the lower level of those levels (low of that bar) you can be almost sure the market has changed its mind, at least for a nice retrace.

I hope this helps.
  • #9,860
  • Jan 15, 2011 11:45am Jan 15, 2011 11:45am
Quoting Niko4ever
Prorealtime free and Alpari
Are these volumes same as esignal or rtd, have you check that?
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