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vsa with Malcolm

  • #11,641
  • Feb 8, 2011 12:05am Feb 8, 2011 12:05am
Quoting malcolmb14
Next time I argue alot ... listen better .. if i back off you know you may be right
Look like we have a real deal here, cool Malc
  • #11,642
  • Feb 8, 2011 12:54am Feb 8, 2011 12:54am
Quoting A-speculator
From the pattern of aussie and swissy, I guess it will be more than just that..
Ok, I was wrong. On my charts it was 12-13 pips
  • #11,643
  • Feb 8, 2011 1:04am Feb 8, 2011 1:04am
Quoting A-speculator
I would like to openly apologies to everyone here. I find that there are times I can't help myself to argue with malc's point of view. Perhaps, next time I should only argue with malc.

Are you ok with that malc?
If you check my posts you'll find that I openly encourage people to argue......ok maybe not argue but challenge what Mal and some others say here. This helps the learning process no end and, they are very open to discussing their views and methods. What doesn't really help anyone much is the 'comparison' debate. Where people are questioning the validity of VSA as appossed to 'another method'.

If you want to compare methods, you could do it in private. Make your own trades as per your methods and then compare that with what VSAers say here. You will soon have enough evidence to make your own decision about which is the better trading method for you. Meawhile, we could all be benefitting from your input on the thread.
  • #11,644
  • Feb 8, 2011 1:15am Feb 8, 2011 1:15am
Quoting rahulkghosh
The NS today looks sweet. My first VSA trade, gonna stay up till we break 1.3640, then put stops at BE and add more.
Hope you profit from your first VSA trade. Go careful when adding to the trade tho. There are correct and incorrect places to do this. In general, dont add just because you've moved to BE. Instead, wait till you find a good entry and go for it. Once you've found a 2nd chance entry and price has moved in your favour enough, you might like to think about moving your first entry SL from BE to your 2nd entry point.
  • #11,645
  • Feb 8, 2011 1:16am Feb 8, 2011 1:16am
Quoting juhanimi
Okey, big elefants are long with EU.
I check weekly chart at weekend and for me that looks bearish, 2 UpTrhust`s.
Yes, but look at the last top. I think it has to be tested before down. So very likely it should touch .4330 (or at least .4100). I agree that last week's up-thrust (doji) looks bearish but in correlation with last high it could be only a sign of future reversal.

P.S. This is not a call.
  • #11,646
  • Feb 8, 2011 1:20am Feb 8, 2011 1:20am
Quoting 1pipperhour
Yes, but look at the last top. I think it has to be tested before down. So very likely it should touch .4330 (or at least .4100). I agree that last week's up-thrust (doji) looks bearish but in correlation with last high it could be only a sign of future reversal.

P.S. This is not a call.
Yes, but last weeks UT was also with low volume.
We will see, of course elefants are right, but if I traded EU I would look for short setup`s.
  • #11,647
  • Feb 8, 2011 1:24am Feb 8, 2011 1:24am
Quoting juhanimi
Yes, but last weeks UT was also with low volume.
We will see, of course elefants are right, but if I traded EU I would look for short setup`s.
I agree on that - what goes up must come down.
  • #11,648
  • Feb 8, 2011 1:30am Feb 8, 2011 1:30am
Quoting kave
After the test on Y, EU heads up to test on WRB's close of NFP. I would expect a test on WRB's open or level X as mark in my my previous 4hr chart. Which is in confluence with my level X..

1hr
Attachment

4hr
Attachment
Yes that was a nice test on the 1hr of the WRB close...
Today's zone = Tomorrow's opportunity!
  • #11,649
  • Feb 8, 2011 1:32am Feb 8, 2011 1:32am
Quoting frankkn
I didn't enter on this. I had my order ready but it closed up so I didn't enter.
Hi frank,

There are times when you might like to 'forget' that the bar has closed against you (up in this case). This is one of those times. The sentiment behind the formation of the bar is more important here. You have all the requirements for a long trade (in the background). The bar in question was a good quality NS/test with the exception that it closed up. SM had moved up the price quite sharply(on the previous bar) then marked it down to see if there was any interest in lower prices, there was not. So price drifted up to the close of the bar. This is exactly what we want to see happen. The fact that it drifted SLIGHTLY above the close of the previous bar doesn't really matter in this case.

It is a hidden test.
  • #11,650
  • Feb 8, 2011 1:41am Feb 8, 2011 1:41am
EU-H1
Attached Image (click to enlarge)
Click to Enlarge Name: EU-H1.gif Size: 36 KB
  • #11,651
  • Feb 8, 2011 1:43am Feb 8, 2011 1:43am
Sometimes the BBs let you know their intentions with a scream and other times it's with a whisper.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #11,652
  • Feb 8, 2011 1:45am Feb 8, 2011 1:45am
Quoting kave
After the test on Y, EU heads up to test on WRB's close of NFP. I would expect a test on WRB's open or level X as mark in my my previous 4hr chart. Which is in confluence with my level X..

1hr
Attachment

4hr
Attachment

Hi kave,

Nice charts pal. I just wanted to point out a couple of things if I may.

There is no climactic action where you marked'Climax' there is not enough volume. A climax represents a trading frenzy at that level so volume has to be high. Also, it looks like you're using 'supply/demand delta zones derived from WRB analysis. If you are, the WRB you've used is not suitable. Its range is no where near wide enough.

Like I said, nice uncluttered charts tho, easy to understand. Keep um coming.
  • #11,653
  • Feb 8, 2011 1:49am Feb 8, 2011 1:49am
Quoting Intel
Hi kave,

Nice charts pal. I just wanted to point out a couple of things if I may.

There is no climactic action where you marked'Climax' there is not enough volume. A climax represents a trading frenzy at that level so volume has to be high. Also, it looks like you're using 'supply/demand delta zones derived from WRB analysis. If you are, the WRB you've used is not suitable. Its range is no where near wide enough.

Like I said, nice uncluttered charts tho, easy to understand. Keep um coming.
High to low that bar is over 100 pips wide... why is that not wide enough? The only difference is that in VSA we only consider the H/L and C (not the open)... Just curious.
Today's zone = Tomorrow's opportunity!
  • #11,654
  • Feb 8, 2011 1:51am Feb 8, 2011 1:51am
Quoting Intel
If you check my posts you'll find that I openly encourage people to argue......... What doesn't really help anyone much is the 'comparison' debate. Where people are questioning the validity of VSA as opposed to 'another method'......
just got in.. & just saw a few of the posts like the one below.

i think it's pointless to debate/argue when 2 or more people are not in sync or talking from different perspectives. one is using VSA, the other (based on his charts below) is using Ichimoku & Bill Williams' stuff. it's like 1 person is speaking Japanese, the other is speaking Spanish.

i think Mal, as the thread starter, should be more strict from now on. this is a VSA thread, & for the benefit of all, this thread should stay on track & discuss mainly VSA stuff.

A-speculator, & to the rest who will follow his steps, with all due respect, if u wanna debate, go debate with a VSA perspective. else, go some place else.
as always, i will report any trolls, if ever i encounter one.

Quoting A-speculator
I am preparing to go to bed when I see your post. ....
  • #11,655
  • Feb 8, 2011 1:56am Feb 8, 2011 1:56am
not that surprising. same with nfp a few weeks ago, we had the same pa at the 1.3050 level before price dipped to 1.29 and then rallied.
nfp in this case was tricky-t's speech, one day before we even had high vol kicking in the first time. the dip below was yesterday. nothing has changed at all, just hiding of orderflows by creating the picture that market comes off. friday was a no supply kind day followed with a shakeout below fridays lows yesterday. preparations for rally are at work.

to be absolutely safe for longs we should wait for 3680 to be tested.
very light food:

http://img684.imageshack.us/img684/4...0208085144.png
  • #11,656
  • Feb 8, 2011 2:38am Feb 8, 2011 2:38am
Quoting pres78
High to low that bar is over 100 pips wide... why is that not wide enough? The only difference is that in VSA we only consider the H/L and C (not the open)... Just curious.
It is WRB not WSB. The spread is irrelevant as long as it can be considered as wide.
  • #11,657
  • Feb 8, 2011 2:47am Feb 8, 2011 2:47am
Quoting Dr.Geppynius
not that surprising. same with nfp a few weeks ago, we had the same pa at the 1.3050 level before price dipped to 1.29 and then rallied.
nfp in this case was tricky-t's speech, one day before we even had high vol kicking in the first time. the dip below was yesterday. nothing has changed at all, just hiding of orderflows by creating the picture that market comes off. friday was a no supply kind day followed with a shakeout below fridays lows yesterday. preparations for rally are at work.

to be absolutely safe for longs we should wait for 3680...


Hey Dr is the spring same as the shakeout in bullish market?
MY OPINION NOT FINANCIAL ADVISE
  • #11,658
  • Feb 8, 2011 3:11am Feb 8, 2011 3:11am
Quoting donfriday
Hey Dr is the spring same as the shakeout in bullish market?
in case the Dr. is out... if i may,
i believe it is the same as a shakeout, if not very similar.
  • #11,659
  • Feb 8, 2011 3:15am Feb 8, 2011 3:15am
Quoting Intel
Hi kave,

Nice charts pal. I just wanted to point out a couple of things if I may.

There is no climactic action where you marked'Climax' there is not enough volume. A climax represents a trading frenzy at that level so volume has to be high. Also, it looks like you're using 'supply/demand delta zones derived from WRB analysis. If you are, the WRB you've used is not suitable. Its range is no where near wide enough.

Like I said, nice uncluttered charts tho, easy to understand. Keep um coming.
Thanks for the advise. Yes it sure dont look climatic that is why i mark the HS (hidden selling). I have to call it something, "premature something" or maybe . For me the area above the prelim supply is all a bunch of climatic action. I have a tendency to view it collectively..

As for WRB yeah you are right infact the one the day before is more a WRB bar but need to ask you though, dont NFP event or FOMC news etc, trigger some sort of change in Supply demand? I am sure during such event, time compression is so significant that it would bring to bear a WRB worth considering, even if the body is not as wide as it should?

tks again.
  • #11,660
  • Feb 8, 2011 3:47am Feb 8, 2011 3:47am
Long @3608 after ns on 10 min.
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