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vsa with Malcolm

  • #10,321
  • Jan 20, 2011 11:39am Jan 20, 2011 11:39am
Big thanks to Mima and Kinsale

Mima for find the post for me

and Kinsale for providing me with the explanations

i really hope i can learn fast and provide better contributions to this threat soon

it 1.30 am now 30 mins till the beauty sleep period is over will appreciate and digest the information carefully tomolo nights (>..<)/
  • #10,322
  • Jan 20, 2011 11:48am Jan 20, 2011 11:48am
Quoting pres78
Man work has been nuts today but I was able to get into 1 VSA trade. The only question I have is could I have gotten in lower down on the 2 bar reversal? Is that a safe entry?

I waited and got in after a NS on which the entry bar also passed above the Hull. I took 2 lots and closed one at 1:1 for 32 pips and moved the other to BE and will let it run.
Two bar reversal is used in VSA as a sign of weakness/strength, depending where it is of course. From what i've learnt the second bar should have a slight increase in volume in comparison to the first bar of the reversal. Having said this, i'd still wait for a no supply / no demand to confirm it. There have been plenty of occasions i've seen what looks like a two bar reversal only for it not to hold true. Your entry looks good to me!
  • #10,323
  • Jan 20, 2011 11:53am Jan 20, 2011 11:53am
Quoting AngelineW
Big thanks to Mima and Kinsale

Mima for find the post for me

and Kinsale for providing me with the explanations

i really hope i can learn fast and provide better contributions to this threat soon

it 1.30 am now 30 mins till the beauty sleep period is over will appreciate and digest the information carefully tomolo nights (>..<)/
Before you go, just noticed a No Demand signal on one of my charts, have a read of that too. Written by the Master
Attached Image
  • #10,324
  • Jan 20, 2011 11:55am Jan 20, 2011 11:55am
Quoting KinsaleForex
Two bar reversal is used in VSA as a sign of weakness/strength, depending where it is of course. From what i've learnt the second bar should have a slight increase in volume in comparison to the first bar of the reversal. Having said this, i'd still wait for a no supply / no demand to confirm it. There have been plenty of occasions i've seen what looks like a two bar reversal only for it not to hold true. Your entry looks good to me!
Remembering that a 2 bar reversal is only a test or upthrust in a different timeframe and as I think Tom says "if you only traded tests and upthrusts you'd be a successful trader"
  • #10,325
  • Jan 20, 2011 12:03pm Jan 20, 2011 12:03pm
Quoting KinsaleForex
Angeline,

The two bars are (typically) as follows;

No Demand - UP bar, narrow spread, close on middle or highs with volume less than the previous two bars. Weakness has to be in the background. Not every bar with these properties will be a ND bar.

No Supply - DOWN bar, narrow spread, close on middle or low with volume less than the previous two bars. Strength has to be in the background. Not every bar with these properties will be a NS bar.

I've attached two charts highlighting these. The No demand is a sell from...
Any idea why TG did`nt pick those bars up?
Seek not to change the world; seek only to change your mind about the world
  • #10,326
  • Jan 20, 2011 12:11pm Jan 20, 2011 12:11pm
Quoting gez40
Any idea why TG did`nt pick those bars up?
You're guess is as good as mine! That's why the indicators are helpful in TG but I wouldn't wait for them to appear to trade them. Also I don't have the latest version of TG, i think the signals are better in the newer one. From seminars i've seen they seem to appear a lot more regularly in the new software.

Quoting TheWinkler
Remembering that a 2 bar reversal is only a test or upthrust in a different timeframe and as I think Tom says "if you only traded tests and upthrusts you'd be a successful trader"
Yeah but that's coming from a guy who doesn't use stops I'd still wait for a no supply after a test or no demand after an upthrust personally. I like the extra confirmation.
  • #10,327
  • Jan 20, 2011 12:35pm Jan 20, 2011 12:35pm
Quoting gez40
A ND bar needs to be confirmed by the next bar, must be a down bar, take out the low of the ND bar on increased vol...which they do not, both are followed by no supply bars, hindsight is a wonderful thing.

Your next post with the dialogue box is a valid ND.
Interesting...I've always taken the ND to be a confirmation bar of recent signs of weakness. So are you now saying there is a confirmation of the confirmation to look for? That would do my head in!!
  • #10,328
  • Jan 20, 2011 12:50pm Jan 20, 2011 12:50pm
Quoting pres78
........ The only question I have is could I have gotten in lower down on the 2 bar reversal? Is that a safe entry?..I waited and got in after a NS on which the entry bar also passed above the Hull..
First, well done. I know this is not the type of answer you want to here but you could have lowered your entry point once you saw that the bar after the No Supply is a Hidden Test.

Take a look at my chart.

A is the point where you would first want to enter, as this would be a breach of the high of the No Supply. The next interval does not breach the high. It makes a lower low, closes in the middle of its range and has volume less than the previous two. This is a test. Because the close is slightly higher, it is a Hidden Test to be exact. Now that you have seen this bar, the place to enter is on a breach of the high of this bar.

If you are looking at multiple timeframes, there may be a way to get in at the 2 bar reversal. If you see clear signs of weakness (with confirmation) prior to the reversal then you could step in early. However, I would add that your entry is in tune with the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: ex1.png Size: 40 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,329
  • Jan 20, 2011 12:53pm Jan 20, 2011 12:53pm
Quoting tobinare
Anybody interested in a VSA indicator for MT4? I banged this out this weekend to help visualize some of the potential setups. It's not complete and should considered to be a work in progress. It does not handle all the VSA setups and I wouldn't trade off of it without your own confirmation. The indicator plots alot of unconfirmed signals such as NoD and NoS, so if you use it - wait for confirmation!


The indicator plots...[list][*]Buying Climax - Red[*]Selling Climax - Green[*]No Demand Bars - Magenta[*]No Supply Bars - Blue[*]Up/Down...
It`s good, thank you.
When just using ND`s and NS`s with this indi, it is much easier to see a bigger picture. Sometimes happens that indicator does not show ND or NS, but it is not a big problem.
Thanks.
  • #10,330
  • Jan 20, 2011 1:01pm Jan 20, 2011 1:01pm
Quoting comapip
Gonna try and enter again on a similar setup if it happens.
I think that these are the best trades and you can find them everyday from M5 charts too.
  • #10,331
  • Jan 20, 2011 1:08pm Jan 20, 2011 1:08pm
Quoting HiddenGap
First, well done. I know this is not the type of answer you want to here but you could have lowered your entry point once you saw that the bar after the No Supply is a Hidden Test.

Take a look at my chart.

A is the point where you would first want to enter, as this would be a breach of the high of the No Supply. The next interval does not breach the high. It makes a lower low, closes in the middle of its range and has volume less than the previous two. This is a test. Because the close is slightly higher, it is a Hidden Test to be exact....
Hi HG, you mention 'B' is a test, so am i right to say that the description of a test - can either be a down or up bar, as long as it is a low spread bar which has its close in the middle to upper...?

so in other word, it doesn't matter where the open is at all is that right?
  • #10,332
  • Jan 20, 2011 1:09pm Jan 20, 2011 1:09pm
Quoting HiddenGap
First, well done. I know this is not the type of answer you want to here but you could have lowered your entry point once you saw that the bar after the No Supply is a Hidden Test.

Take a look at my chart.

A is the point where you would first want to enter, as this would be a breach of the high of the No Supply. The next interval does not breach the high. It makes a lower low, closes in the middle of its range and has volume less than the previous two. This is a test. Because the close is slightly higher, it is a Hidden Test to be exact. Now...
For the few pips I would have saved I am OK with my entry and having you confirm that what I saw and how I entered makes sense is good news as it means I am learning and moving in the right direction (even if i still feel confused at times)...

Many thanks.
Today's zone = Tomorrow's opportunity!
  • #10,333
  • Jan 20, 2011 1:19pm Jan 20, 2011 1:19pm
The last 1hr bar was a downbar with average spread and really low volume. Based on spread this wouldn't be a NS so would this be a reverse upthurst (volume is really low) or would this be considered a test? If it is a test and the next bar close as an upbar is that considered a passed or failed test? I assume this type of bar is testing for supply to draw in some sellers... Also it tested and closed back above both last weeks high and the 1hr trigger level at 3446.

Just trying to get a clear understand of all the terms.
Today's zone = Tomorrow's opportunity!
  • #10,334
  • Jan 20, 2011 1:22pm Jan 20, 2011 1:22pm
Quoting Sonofsin5
His name is Sebastian.
I remember now, Sebastian said in one video, that he had never had a losing trade with this setup.
  • #10,335
  • Jan 20, 2011 1:28pm Jan 20, 2011 1:28pm
Quoting taomql4
and Still Learning
I think that is possible.
  • #10,336
  • Jan 20, 2011 1:42pm Jan 20, 2011 1:42pm
Quoting pres78
The last 1hr bar was a downbar with average spread and really low volume. Based on spread this wouldn't be a NS so would this be a reverse upthurst (volume is really low) or would this be considered a test? If it is a test and the next bar close as an upbar is that considered a passed or failed test? I assume this type of bar is testing for supply to draw in some sellers... Also it tested and closed back above both last weeks high and the 1hr trigger level at 3446.

Just trying to get a clear understand of all the terms.
back on the charts, what a day, to bad i missed the entry earlier

On the H1 that down bar is a test - down bar closing on the highs with low volume. If i'm not mistaken, the test is confirmed upon break of the high and that would be where your entry is.

given the time of day I would be careful. I got burnt yesterday as i didn't get out quick enough. Still on the sidelines for now.
Change is the only constant
  • #10,337
  • Jan 20, 2011 1:52pm Jan 20, 2011 1:52pm
Quoting tgwhbb
back on the charts, what a day, to bad i missed the entry earlier

On the H1 that down bar is a test - down bar closing on the highs with low volume. If i'm not mistaken, the test is confirmed upon break of the high and that would be where your entry is.

given the time of day I would be careful. I got burnt yesterday as i didn't get out quick enough. Still on the sidelines for now.
Yeah I am not trading anymore either just watching and trying to learn... That's what I love about this thread is you can throw out your thoughts and questions and get real feedback without all the grief and nonsense you get in the other threads.
Today's zone = Tomorrow's opportunity!
  • #10,338
  • Jan 20, 2011 1:53pm Jan 20, 2011 1:53pm
Quoting pres78
Yeah I am not trading anymore either just watching and trying to learn... That's what I love about this thread is you can throw out your thoughts and questions and get real feedback without all the grief and nonsense you get in the other threads.


so true, left the eurusd thread a while back as there was too much nonsense going on there.
Change is the only constant
  • #10,339
  • Jan 20, 2011 1:56pm Jan 20, 2011 1:56pm
Good Day,

same on me, I have job where I can just watch..but hope this year in summer go back to trade with such a support from all of the contributers, I believe everything is possible..
Quoting pres78
Yeah I am not trading anymore either just watching and trying to learn... That's what I love about this thread is you can throw out your thoughts and questions and get real feedback without all the grief and nonsense you get in the other threads.
  • #10,340
  • Jan 20, 2011 1:56pm Jan 20, 2011 1:56pm
If you want trend diamons on your chart as in TradeGuider, so put this
ATM_Pure_MAColor.mq4 on your chart with setting 20.

http://www.forexfactory.com/showpost...32&postcount=2
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