vsa with Malcolm | Page 546 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #10,901
  • Jan 29, 2011 3:46pm Jan 29, 2011 3:46pm
Quoting HiddenGap
Be careful. Don't make the error of equating result with the validity of an entry signal. If you are going to do that, you can join the holy grail chasers..........

It's a test in a rising market and that is one of the best signals to see. Tom says that if you only took upthrusts you would have to be a very poor trader not to make money. Well, the same is true for tests in a rising market. This is of course because of the validity of the signal and not result of any one trade.

Of course the test at in the balance area where price could not close...
For what it's worth, I stand by my earlier analysis. Yes price is drifting upwards but the chart is littered with small signs of weakness as pointed out. The very low volume bar in question is actually a ND which is preceded by a reasonably wide spread up bar closing in the middle on the highest volume in the last 54 bars, followed by a down bar to confirm the weakness. With the No Buying Pressure which follows the ND and considering price in in an area where we might expect something to happen, a long is out of the question for me.

However, I want to make it clear, that I WOULD NOT be trading scenarios like this. It is far too unreliable/unpredictable.

Just so we're clear, I did not know the result before making my earlier analysis.
  • #10,902
  • Jan 29, 2011 3:48pm Jan 29, 2011 3:48pm
Quoting mttrader
Gavin is giving a webinar right now on RIG
I attended the last few, not much interest unless you're reasonably new to VSA.
  • #10,903
  • Jan 29, 2011 5:44pm Jan 29, 2011 5:44pm
It can very probably be a shake out but i would still wait to see where it goes from here,break to the up side and a test
  • #10,904
  • Jan 29, 2011 8:23pm Jan 29, 2011 8:23pm
I am new to this thread and this one looks promising.What is ND? Is there any short synopsis on this trading method or a short summary of the of the system. It will take too long to go through the 727 odd pages

Thanks in advance
  • #10,905
  • Jan 29, 2011 9:31pm Jan 29, 2011 9:31pm
that is ok ... i got to take someones money ... may as well be yours

this is why a market works .. bulls and bears

How about this....weekly is bullish..... I think anyway....they do a nice shake out down to 1.3150 for yet more accumulation ....

Quoting 1pipperhour
Don't like your idea. If on H4 mushroom really is forming then it should go up on some point and lock in friday's shorters. But 300 or even 450 like you say is total reversal. Who will give up all that money? Not market makers. So back up is my hope and slowly cooking shorters out and then down.
Blogging daily now at www.volume.zone
  • #10,906
  • Jan 29, 2011 9:39pm Jan 29, 2011 9:39pm
I will give this one to you for free .. no charge

IF that low of thew 2 hour bar is not taken out in london (1.3630) we can assume that it is top of week....

sell 1.3620 , target 1,3270 , stop 100 pip 1 to 3.5 r/r ratio .... freebie

Attached Image (click to enlarge)
Click to Enlarge Name: eu51.png Size: 177 KB





Quoting 1pipperhour
Don't like your idea. If on H4 mushroom really is forming then it should go up on some point and lock in friday's shorters. But 300 or even 450 like you say is total reversal. Who will give up all that money? Not market makers. So back up is my hope and slowly cooking shorters out and then down.
Blogging daily now at www.volume.zone
  • #10,907
  • Jan 30, 2011 1:11am Jan 30, 2011 1:11am
Quoting av_fx
.. Is there any short synopsis on this trading method or a short summary of the of the system. It will take too long to go through the 727 odd pages..Thanks in advance
There are no short cuts to trading: read the thread.

The best place to start is by reading Master the Markets. There is a link to a free download in the thread. Next, go to Tradeguider.com and watch the free webinars. Then read the thread.

Volume Spread Analysis is not a system. It is a way of understanding the essence of all markets-Supply and Damand.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,908
  • Jan 30, 2011 1:42am Jan 30, 2011 1:42am
Ok, First of all thanks for all of your replies and explenations.
I've posted this chart as learning. It is not about being right or wrong. Just was wondering and the explenations and expectations. I my self would have gone long. but that would have probably cost me money. Just trying to learn here very well.
Thanks again for the different Point of Views.
Here is what hapenned after.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: What-hapenned-after.jpg Size: 142 KB
Click to Enlarge Name: What-hapenned-after-zoom.jpg Size: 121 KB
  • #10,909
  • Jan 30, 2011 2:08am Jan 30, 2011 2:08am
Quoting av_fx
I am new to this thread and this one looks promising.What is ND? Is there any short synopsis on this trading method or a short summary of the of the system. It will take too long to go through the 727 odd pages

Thanks in advance
SC= Selling Climax
ST= Secondary Test
ND= No Demand.
  • #10,910
  • Jan 30, 2011 2:22am Jan 30, 2011 2:22am
Quoting hutrader
Ok, First of all thanks for all of your replies and explenations.
I've posted this chart as learning. It is not about being right or wrong. Just was wondering and the explenations and expectations. I my self would have gone long. but that would have probably cost me money. Just trying to learn here very well.
Thanks again for the different Point of Views.
Here is what hapenned after.
Yes , thought so what is the most important thing in this chart is the high volume inverted hammer , low volume may occur due to a lot of reasons...but high volume can only occur especially on such a telltale candle/bar like an inverted hammer if there has been a lot of distribution...also note what i mentioned earlier that the volume on the inverted hammer is far higher than anything during the up move and the next candle is immediately down and then followed by 2 low volume up candles..
  • #10,911
  • Jan 30, 2011 2:30am Jan 30, 2011 2:30am
Quoting masq
Yes , thought so what is the most important thing in this chart is the high volume inverted hammer , low volume may occur due to a lot of reasons...but high volume can only occur especially on such a telltale candle/bar like an inverted hammer if there has been a lot of distribution...also note what i mentioned earlier that the volume on the inverted hammer is far higher than anything during the up move and the next candle is immediately down and then followed by 2 low volume up candles..
Great thnx.
But what happens if we have a high volume Inverted hammer and it goes down and takes out that inverted hammer on lower volume? Wouldn't that mean that there is no supply anymore since with little effort we achiev better result by taking out the high volume inverted hammer? Just some imagination.
  • #10,912
  • Jan 30, 2011 2:42am Jan 30, 2011 2:42am
Quoting masq
Yes , thought so what is the most important thing in this chart is the high volume inverted hammer , low volume may occur due to a lot of reasons...but high volume can only occur especially on such a telltale candle/bar like an inverted hammer if there has been a lot of distribution...also note what i mentioned earlier that the volume on the inverted hammer is far higher than anything during the up move and the next candle is immediately down and then followed by 2 low volume up candles..
No. The most important thing is the trend. Without seeing the trend but only looking a chart posted I would have gone long.

Edit: oh, and this was 5min chart, yes? So we have to look at higher timeframes before we take action.
  • #10,913
  • Jan 30, 2011 2:45am Jan 30, 2011 2:45am
Quoting malcolmb14
that is ok ... i got to take someones money ... may as well be yours

this is why a market works .. bulls and bears

How about this....weekly is bullish..... I think anyway....they do a nice shake out down to 1.3150 for yet more accumulation ....
No problem, I can give you some . I'm so bad at predictions so the best thing is to wait. I have no doubt that it will go to .3150 some day
  • #10,914
  • Jan 30, 2011 2:50am Jan 30, 2011 2:50am
Quoting malcolmb14
I will give this one to you for free .. no charge

IF that low of thew 2 hour bar is not taken out in london (1.3630) we can assume that it is top of week....

sell 1.3620 , target 1,3270 , stop 100 pip 1 to 3.5 r/r ratio .... freebie

Attachment
Wow i had the exact same idea made 90 so pips just before market close on friday...also on the 4 hour chart i saw a low volume up move might be a good time to add on to my position on monday...i bet the market is going to gap up and make a small up move and test the open of that extremely bullish candle...a really long shot but i base it on the fact that generally , professionals do not show their hand on the weekend and of course to lock in more traders..
  • #10,915
  • Jan 30, 2011 2:52am Jan 30, 2011 2:52am
Quoting 1pipperhour
No. The most important thing is the trend...
Trend? Really?
The Market pays you to be disciplined
  • #10,916
  • Jan 30, 2011 2:55am Jan 30, 2011 2:55am
Quoting hutrader
Great thnx.
But what happens if we have a high volume Inverted hammer and it goes down and takes out that inverted hammer on lower volume? Wouldn't that mean that there is no supply anymore since with little effort we achiev better result by taking out the high volume inverted hammer? Just some imagination.
Ah but notice the fact that on the subsequent two up bars in the given chart both have a lower volume than the low spread down bar
  • #10,917
  • Jan 30, 2011 2:56am Jan 30, 2011 2:56am
Quoting 1pipperhour
No. The most important thing is the trend. Without seeing the trend but only looking a chart posted I would have gone long.

Edit: oh, and this was 5min chart, yes? So we have to look at higher timeframes before we take action.
Of course you won't actually be trading that chart...lol....also the market did go down so...
  • #10,918
  • Jan 30, 2011 3:05am Jan 30, 2011 3:05am
Quoting masq
Ah but notice the fact that on the subsequent two up bars in the given chart both have a lower volume than the low spread down bar
You mean the one I've circled in yellow with the arrows pointed to it?
Attached Image (click to enlarge)
Click to Enlarge Name: What-hapenned-after-zoom.jpg Size: 130 KB
  • #10,919
  • Jan 30, 2011 3:05am Jan 30, 2011 3:05am
Quoting hutrader
You mean the one I've circled in yellow with the arrows pointed to it?
no the one just before it is the inverted hammer...the ones after the one circled are the low volume up bars
  • #10,920
  • Jan 30, 2011 3:13am Jan 30, 2011 3:13am
Quoting masq
no the one just before it
So you see an inverted hammer on decent volume. The result versus Effort is bad since we end on the lower part of the candle. Then a low volume up bar appears followed by a bit higher volume "upthrust" what is way lower volume than the bar circled in yellow and then followed by a smack down with increasing volume. This is the way you see it?
Attached Image (click to enlarge)
Click to Enlarge Name: What-hapenned-after-zoom.jpg Size: 130 KB
87 traders viewing now