vsa with Malcolm

Approaching Z with long spread bar suggesting preliminary support (demand) coming in. Next likely moves could be some shakeout(s) on Z.
When? soon i hope..

Don't get me wrong - I'm not dissing VSA - I just don't think it adds anything to my current method.

It probly does work and no I'm not judging it based on the last trade.

I've been looking into VSA for a long time and I must admit that I still don't fully understand it. And I'm not prepared to do the necessary research and testing to find out how it works because, basically I'm happy with my trading as it is.

Just playing devils advocate lol.

oh God, why is it SO difficult to visit FF & see a thread free from squabbles?

-there is no holy grail nor guru.(subject to interpretation &/or debate --replies not welcome & expected)
-why would anyone follow someone else's trades if he/she doesnt know the trade's ins & outs?
-we dont know for sure if mal et.al. is/are profitable or not, at the same time it's NOT our business. what i know is they are willing to help & they share part of their life with us, like some other traders in other threads.
-we are not aware of all his/their trades. he/they may have won a bit, or lost a bit. again, it's none of our business.
-one successful or losing trade doesnt make a trader.
-if u dont like the thread, PLEASE shut up & be respectful. do not pounce on an unverified trade mistake/loss.
-if u like the thread, be respectful.

i swear, this thread & all of FF needs more stricter rules.

That is why you should understand there are people here (everyone i guess) who are working very hard to fully understand vsa and should be respected.
In forex one does not nees any "devils advocate". Results are quite self expressive...

stop pounding on steve people
hes a good guy

anyway,i find looking at vsa on m1 better than looking at other timeframes
u dont have to name specified bars
just look at demand and supply in volume
with trendlines it works mama mia
belisimo
with a slight touch of smoothed ma 20,u prepare the best dish in the world
bon apetit

Well said my friend could not agree more. I have been studying VSA for the last 6/7 months and following this thread from the beginning. There are some very knowledgeable traders here who can predict price movements from price action and candle formations alone. I still do not consider myself ready for VSA based trading. It is a complex but profitable system, however, IMHO you need plenty of practice and experience to master it.

Kind Regards

Still looking for a reaction at 1.34. It's a channel bottom and horizontal support. If it breaks down, well, I'll have to rethink some stuff

hopefull yhis crazyness is over.

What i like most about this thread is were a handfull of people in here dedicated to understanding markets, and being able to do it for ourselfs by ourselfs.

I would like to say thanks to the developer of this indi, best auction market indi ive seen.

EURO 30M

This is the bars just before the open. Clear selling on it. If you drill down to the 5m youll see a upthrust followed by a nd. Awesome short. Alot of time the bars before the open tells you alot about how the market will open.

http://i865.photobucket.com/albums/a...146/eur30m.jpg

Sry, one more thing. VSA is dificult but if you stick with it it becomes second nature.

SC,

Don't be so sensitive - It's called debate where I come from not squabbling.

And it's good to question our belief systms sometimes. That's why I came here in the first place, I thought VSA had something to offer.

I am sure there are newb's on FF who would have taken a position based om Malcs posturing last week and if I can prevent that from happening(just once) it's all good.

Oh come on we all know that is normal. Newbies like me do not need protection, we need learning. When I started I based my trades on anyone's opinion (i think like everybody at the beginning). Losses taught me that I am the trader. I use the other's opinions in order to check my personal opinion, and see if there's something i am missing. But as long as I will be an adult (and i can predict that will last for a while) I cannot blame ANYONE for a wrong trade of MINE.

There seems to be confusion on both sides of the aisle.

VSA is a volume/candle analysis method based on the work of people like Wyckoff that Tom Williams repackaged. It's not an indicator.

Williams is a software saleman. But you don't need to buy his software to read volume, all you need is a proper feed. That said, there's some good information in his books. A lot of it is recycled material, but he lays out volume analysis in a way that makes it accessible for beginners.

Like anything else, volume/candle analysis needs to be integrated into a larger body of knowledge so you can recognize the exceptions and stay out of bad trades. Relying on one component of analysis too heavily is never a good idea. That said, dismissing a component of analysis because it's not 100% reliable misses the boat as well.

Arguing about stuff doesn't make money. Integrating what's of value does.

So, if people aren't in agreement, they should intelligently identify what fails in a process so it's helpful and additive, not just hurl insults at each other.

This is Malcolm's thread, and regardless of what people think of his trading ability, it's important to show respect. If VSA isn't your cup of tea, then just move on.


.

In all fairness, Mals thread is under the, "Interactive Trading" section here at FF, making it subject to scrutiny on trade talk...

Learning threads you can find under the, "Trading Systems", headings.

Much as I can appreciate that the idea of this thread is based around VSA and the methods of effective trading through the use of this system, whenever you find yourself in an interactive thread, you can expect to see some bickering.

Not trying to take away from the spirit of the thread, just stating an observation is all.

The 1st chart is from post 12130 on Friday,where i could not figure out if it was Acc or Dist

Chart No 2 is from Monday morning.Note the pattern formations marked by Triangles.Am i correct in saying that these price patterns are Known as "Bag Holding" Artificialy holding price up in anticipation for lower price levels as we have seen this AM ?

And that is what we do. Here anybody (from expert traders to newbies) is free to give his/her analysis of a chart, and that helps all of us to have a deeper view. That is all. No signals, no foretellers....just opinions. If interactive channels were distributing truths we would be all millionaires.
Malcom and other more expert ppl are helping us to learn. That is what I call HELP.

SOS – Principle 7 Bag Holding
This is la variation of stopping volume which has arrived on 2 bars rather than on 1 bar. On the first bar supply was so heavy that professional money was unable to absorb all the stock dumped onto the market. This allows the market to fall on the next bar usually on so called ‘bad news’. This can be gapped down on the opening causing the panic. However, to close in the middle or highs indicates demand has overcome the supply.
TW


Opposite signal is The end of rising market.

If Euro breaks 1.3475 and comes back down on a test / no supply would this be considered a good long opportunity? Trying to get me head around these trigger numbers.

Tom Williams ‐ VSA Principles

Signs of Weakness SOW
SOW – Principle 1
Up‐bar on a narrow spread, close middle or low, volume very high or low. Weakness always appears on an up‐bar because professional selling has to sell into a surge of buying. The narrow spread indicates supply. Something has capped the top end of the market. Selling, or lack of demand from professional money are the only two things that can do this. If the volume is high plus this will show supply. If the volume is low this will show lack of demand. Check for old resistance levels to the left.
SOW – Principle 2
Markets are constantly being traded. A sudden down move will lock many traders into poor positions as they wait and hope for a rally to get out with little or no loss. If after a reaction the market then starts to go up, then any old resistant level will require effort to go up and through these old highs because they have to overcome the selling from these locked in traders. To approach an old high on low volume and narrow spreads indicates that the old highs are not going to be penetrated because there is no demand. If the market is not going to go up then it is going to go down.
SOW – Principle 3
This is known as effort versus Result. Any indication of strength you should expect a strong market. If the next bar is down on a wide spread closing on the lows and the low and the close is lower than the previous bar this is a countermanding signal. You do not fight the market but you have to assume that there has been no result from the SOS therefore the market must be weak. If the original indication was genuine SOS then professional money would immediately move into the market giving higher prices not lower.
SOW – Principle 4
The Up‐Thrust. Up‐thrusts are there for a very good reason and that is to trigger stops in a weak market. However, many chart patterns look like Up‐Thrusts but fail to live up their promises. The Up‐Thrust has to look right. It has to be in the right place. Many are created in a strong market by gapping up at the opening then falling off for a rest only to carry on up. The genuine ones are easy to see. Basically you should have SOW in the background not SOS.
SOWPrinciple 5
Up bar on volume less than the 2 previous bars. This indicates lack of demand from professional money. This comes into its own on short time frames.
SOW – Principle 6
A down bar on a wide spread plus closing on the low pushing down and through a previous support level.
SOW – Principle 7
Strength appears on down bars especially if the bar has closed in the middle. Here this is discounted because the high is higher than the previous bar. This is a hidden up‐thrust and a SOW. This principle arrives in a variety of disguises.
SOW Principle 8
A surge in option volume. Up bar after a rally and the option volume is very high. Professional traders will have a very good idea when a top has been reached and will enter the option market to hedge their positions. Seems to be clearer on a top than a low of a market.SOS
SOW – Principle 9
Buying climax. Up bar with wide spreads closing middle or low on ultra high volume. Very powerful SOW if there are no old tops to the left. As a market keeps on going up day after day a point will be reached at some time when many traders that have sold prematurely or those that are not in the market cannot stand the constant higher prices and frenzy gives the trading syndicates and market makers a golden opportunity to unload large amounts of stock at a high price without their activity resulting in lower prices. This marks the high point of the market.
SOW Principle 10
Top reversal. This is a common sign of weakness. The first bar is marked up rapidly, closing on the highs (usually on good news). The volume can be high (supply swamping demand) or low (no demand). The next bar rapidly reverses down, on a wide spread, closing on the lows. If the low and the close is lower than the first bar this adds to the weakness. As with all these indications, it is important to read the following bars for confirmation of continued weakness.


Signs of Strength SOS
SOS – Principle 1
Bottom reversal. A wide spread plus down bar closing on the low. The low and the close is lower than the previous four bars. Followed by an up bar on a wide plus spread closing on the highs. This arrives in a variety of versions but basically the first down bar is a shake‐out usually on so called bad news. The second bar is rapidly marked up to lock traders in (if you shorted) or out of the market if you wanted to buy the market. (people hesitate buying because it now appears expensive to the earlier price.
SOS – Principle 2
Stopping volume. To stop a down move demand has to overcome the supply. The odd way supply and demand is evident here. As a market falls day after day a point will be reached when the herd cannot stand the losses so they all tend to panic at a similar time. If the price levels reached are now attractive to professional money they will step in and start buying. This activity causes a surge in volume as they buy and cover their short positions.
SOS – Principle 3
The Test. This is a very common SOS frequently seen just before an up move. Is also seen in a rising market after a minor SOW and indicates higher prices.
SOS – Principle 4
Down bars closing in the middle on reduced volume seen after any SOW indicates higher prices. This is a strong SOS in an up‐trend after a SOW because there is no continuation of the weakness. If there is no continuation expect higher prices.
SOS – Principle 5
A wide spread up bar closing on the highs pushing up and through an old top to the left. This is demand and an effort to go up. After this event the market usually rests or starts to react, you are now looking for indications of strength to confirm the strength.SOS – Principle 6
SOS – Principle 6
This is a very powerful indication of strength. First you see stopping volume (see principle 2). The market has a short rally only to fall again back down into the same area as the first high volume seen during the stopping volume. The volume is low. If the spread is narrow and or closing on the highs this is a strong indication of strength.
SOS – Principle 7
This is la variation of stopping volume which has arrived on 2 bars rather than on 1 bar. On the first bar supply was so heavy that professional money was unable to absorb all the stock dumped onto the market. This allows the market to fall on the next bar usually on so called ‘bad news’. This can be gapped down on the opening causing the panic. However, to close in the middle or highs indicates demand has overcome the supply.
SOS – Principle 8
The hidden ‘test’. This is a variation of the bottom reversal. If the market low has fallen below the previous 4 bars on a wide spread down closing on the lows and the next bar is up on a wide spread closing on the highs then this has the hallmark of a low bottom reversal and a sign of strength. However, if the low of the second bar is lower than the previous bar this adds to the strength on the assumption that the market had been marked down on the opening only to find that there was absolutely no supply, so the market quickly reversed on a wide spread closing on the high. If there is no selling at the lower levels then expect higher prices.
SOS – Principle 9
Selling climax. Wide spread down closing in the middle or high after a substantial down move has already taken place. The volume is ultra high. As a market falls day after day a point will be reached when traders will start to panic and encouraged by bad news will start to dump stock onto the market. If the market closes in the middle or high then professional money must have decided that the lower prices now looked attractive and will start to buy into the panic selling. The activity will cause the volume to be ultra high. This marks the low point of the market.

4H look interesting It almost finishes, take a look.

And for this, I congratulate Mal on his thread, and wish all of the trade system followers the best in their education and journey through the realm of Forex.

You will see the words "Holy Grail", in almost any thread you visit, most likely with the words, "This isn't the", at the beginning or end of that same sentence. There are a lot of ways to skin a cat and I believe that if you find a nugget of information here that assists you in your trading, that is about as close to the true "Holy Grail", as you will ever find.

I never said, "Stop Coming", or, "Go someplace else", I just simply stated that as this is an interactive trade thread, it should come with an expectation of different views.

Trade well brother.

Regards.

price moved down...so?

just because market did not yet do what i expected- day is not over- does not mean vsa does not work. there was no entry posted. btw. a shakeout below the lows is another vsa principle and since i based my assumption on the daily, you have ~6hrs left on this trading day until you are allowed to laugh

if i wasn't wrong from time to time, i would be multi millionaire, living n my own isle, educating hairy monkeys to run my business

i would be a good monkey leader, believe me!

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