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vsa with Malcolm

  • #13,341
  • Feb 18, 2011 12:14pm Feb 18, 2011 12:14pm
you should not wear pants, we are all trading naked here, also in our weekly trading room where we meet with our laptops

Quoting Magix
Apologies for the disruptions Mal...

I will refine my posts here to adhere to the EU trade pair as you guys study through VSA.

And, I will leave my MACD in my other pants when I show up.

  • #13,342
  • Feb 18, 2011 12:15pm Feb 18, 2011 12:15pm
just looking at those eu options next week and the following week, they are pretty much all close or below the current range mostly 3500-3600. other than the 3800 on monday. could this mean another low range bs week back towards 3500? i guess there may be a lot of interest to keep price down closer to those areas? maybe towards 3800 for monday then back towards 3500 for rest of the week to end of month.
  • #13,343
  • Feb 18, 2011 12:19pm Feb 18, 2011 12:19pm
Quoting Dr.Geppynius
you should not wear pants, we are all trading naked here, also in our weekly trading room where we meet with our laptops

stop that i dont want to laugh anymore i am closing for the week
MY OPINION NOT FINANCIAL ADVISE
  • #13,344
  • Feb 18, 2011 12:20pm Feb 18, 2011 12:20pm
possible, but the farer we are away, the less meaningful they become. the strikes listed here are just those with decent amount.

Quoting ewokuk
just looking at those eu's next week and the following week, they are pretty much all close or below the current range mostly 3500-3600. other than the 3800 on monday. could this mean another low range bs week back towards 3500? i guess there may be a lot of interest to keep price down closer to those areas
  • #13,345
  • Feb 18, 2011 12:23pm Feb 18, 2011 12:23pm
Quoting Dr.Geppynius
you should not wear pants, we are all trading naked here, also in our weekly trading room where we meet with our laptops
Uhhhh...hanging out with dudes all naked n stuff...

Lemme think about it k?

Enjoy the day guys, good luck into close and have a fantabulous weekend.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,346
  • Feb 18, 2011 12:26pm Feb 18, 2011 12:26pm
Quoting Magix
Uhhhh...hanging out with dudes all naked n stuff...

Lemme think about it k?

Enjoy the day guys, good luck into close and have a fantabulous weekend.

Hanging-out with VSA guys,
your indicator is sure to go up
  • #13,347
  • Feb 18, 2011 12:27pm Feb 18, 2011 12:27pm
http://img291.imageshack.us/img291/7...0218105806.png

http://img651.imageshack.us/img651/1...0218192143.png
  • #13,348
  • Feb 18, 2011 12:27pm Feb 18, 2011 12:27pm
Quoting Dr.Geppynius
you should not wear pants, we are all trading naked here, also in our weekly trading room where we meet with our laptops
Didn't know you guys are gay...:o
  • #13,349
  • Edited 12:42pm Feb 18, 2011 12:32pm | Edited 12:42pm
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands. high vol stuff i can spot, thats pretty easy, but theres a lot of low vol bars scattered around between the high vol stuff and i can never spot the tests/nd/ns stuff.

from yesterday i have marked 2 bars on this which seem significant low volume. the first is an up bar with much lower vol than the previous bars, i might have taken this as some sort of no demand, especially as the next bar initially started to go down before eventually flying up to close on its highs. plus this bar followed a pin bar on higher volume which looks like it was sold off that 50% fib. clearly i would be reading it wrong as it made its way higher straight after.

the second bar i believe to be a low vol test? i actually had to go looking for possible low vol tests just now to find this, i doubt id have picked it up at the time it happened. however its a pretty wide spread down bar after 4 attempts to get above 3600 on high vol bars, which all seemed to have failed and been sold into as price dropped, so i may have been sitting there at the time thinking this is a sell, rather than a buy! the other problem is looking on futures, that bar does not have such low vol, its pretty average!
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  • #13,350
  • Feb 18, 2011 12:38pm Feb 18, 2011 12:38pm
what time frames are you looking at for CL?

I am looking at my charts trying to figure out your entry?

thanks

T

Quoting malcolmb14
Magix is actually a fun guy .... i chat on skype with him time to time. He even talks like this in real life....

Just this thread has been getting a little off track this week and not what i intended it to be when i started it.

The fun posting can be there in off time .. like dead zone or asia. But this constant bickering about how vsa is shit is bullshit. I know it works, you know it works and then non believers that have their mind closed off can keep on using their lagging indies. Eventually they go to a naked chart with s/r on it

the longs...
  • #13,351
  • Feb 18, 2011 12:43pm Feb 18, 2011 12:43pm
Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands. high vol stuff i can spot, thats pretty easy, but theres a lot of low vol bars scattered around between the high vol stuff and i can never spot the tests/nd/ns stuff.

from yesterday i have marked 2 bars on this which seem significant low volume. the first is an up bar with much lower vol than the previous bars, i might have taken this as some sort of no demand, especially as the next bar initially started...
I would consider that second bar no selling pressure because of its wider spread... tests will typically get into an unfair low and then close on the high. I have marked what I see as a low vol test of a stopping vol trigger level with green lines.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #13,352
  • Feb 18, 2011 1:21pm Feb 18, 2011 1:21pm
check daily and the test at 85 , very subtle not an ultra low volume

Quoting Twiitch
what time frames are you looking at for CL?

I am looking at my charts trying to figure out your entry?

thanks

T
Blogging daily now at www.volume.zone
  • #13,353
  • Feb 18, 2011 1:36pm Feb 18, 2011 1:36pm
Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands....
ewok,
pres pretty much hit it on the head with the no selling pressure. wide spread down with low volume. i usually trade those on the close of that bar when they are near some sort of past support/price flips and usually they take off in the opposite direction on the next bar. as for the other bar in question if you wanted to trade it because you thought it was a nd bar, then place a sell stop at the low of the nd in question. if it is not a no demand due to the next bar being an up bar which was the case here then simply remove the sell stop and there is no harm no foul because your trade did not get triggered. if you can master that technique without jumping in with a market order because you think it is a nd and watch it go against you then you will definitely watch your accuracy increase and your account also.
  • #13,354
  • Feb 18, 2011 1:37pm Feb 18, 2011 1:37pm
Quoting pres78
I would consider that second bar no selling pressure because of its wider spread... tests will typically get into an unfair low and then close on the high. I have marked what I see as a low vol test of a stopping vol trigger level with green lines.
I see. I would have spotted the second bar you marked due to the increase in volume. would have been taken out by the ultra high vol bar that spiked down there again as id have had my stop at BE by then but thats ok as its not a loss. my problem is entries, a lot of the time i dont manage to get 10 pips in profit before it goes the wrong way and takes me out, but thats probably because im reading it wrong, and incredibly unlucky to top it off lol.
  • #13,355
  • Feb 18, 2011 1:40pm Feb 18, 2011 1:40pm
see that doji thing with 2 yellow volume bars either side , that was a test...

Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands. high vol stuff i can spot, thats pretty easy, but theres a lot of low vol bars scattered around between the high vol stuff and i can never spot the tests/nd/ns stuff.

from yesterday i have marked 2 bars on this which seem significant low volume. the first is an up bar with much lower vol than the previous bars, i might have taken this as some sort of no demand, especially as the next bar initially started...
Blogging daily now at www.volume.zone
  • #13,356
  • Feb 18, 2011 1:40pm Feb 18, 2011 1:40pm
Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands...
The ideal Test will be a narrow range down bar on volume less than the previous two intervals that closes on or near the high of its range.

Now Malc will tell you to look in at the background. You need strength in the background to bring the test to life. He is correct.

A corollary to looking at the background would be this. Look at where price is. I don't care how you determine your inflection points, but once you determine them, by definition you would be looking for Tests, No Supply and No Demands around these inflection points.

Take a look at the chart below.

Again, how one determines the key inflection points is not the point of this chart or post. A key inflection point for me (and the market really) is the developing POCv. But let's pretend that this yellow dotted line is a Floor pivot or a Murray Line or some super secret inflection point that you have developed on your own. Naturally you would expect that before the market moves decisively above it, the market probes for sellers below it. That is to say, the market Tests at or near that level.

This falls into the key idea of seeing what you want to see, where you want to see it.

Now let's look at the No Demand. The base definition of No Demand is a narrow range up bar that closes in the middle or high of the range on volume less than the previous two intervals.

This bar is No Demand.

But what do we see just prior? We see a strong bar that is Pushing Thru Supply on Ultra High Volume. The BBs are absorbing the selling because they know prices are going higher.

Now if you don't have any or don't use any inflection points, you should be looking at this Ultra High Volume Bar as a Trigger Level. If this bar was selling, you would like to see price fall down below the low of the bar and then attempt to rise. If this rise is on No Demand then you have a valid short. In this case, price did not fall that much. In fact note that the second down bar is No Supply. Notice that its close is equal to the close of the UHV bar.

In conclusion, there are base definitions for No Demand, No Supply and Tests. All three occur all over the charts. The ones you want to pay attention to, however, will have the requisite weakness or strength in the background respectively. Or will be the ones that occur in the correct places.
Attached Image (click to enlarge)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #13,357
  • Feb 18, 2011 1:41pm Feb 18, 2011 1:41pm
last one marked was also a test 1.3580 long for 45 pip almost

test of the right area to ... breakout area.

Quoting ewokuk
in the interests of attempting to get better at this, one thing i probably have the most difficulty with is spotting low vol tests and no demands. high vol stuff i can spot, thats pretty easy, but theres a lot of low vol bars scattered around between the high vol stuff and i can never spot the tests/nd/ns stuff.

from yesterday i have marked 2 bars on this which seem significant low volume. the first is an up bar with much lower vol than the previous bars, i might have taken this as some sort of no demand, especially as the next bar initially started...
Blogging daily now at www.volume.zone
  • #13,358
  • Feb 18, 2011 1:42pm Feb 18, 2011 1:42pm
Quoting ewokuk
I see. I would have spotted the second bar you marked due to the increase in volume. would have been taken out by the ultra high vol bar that spiked down there again as id have had my stop at BE by then but thats ok as its not a loss. my problem is entries, a lot of the time i dont manage to get 10 pips in profit before it goes the wrong way and takes me out, but thats probably because im reading it wrong, and incredibly unlucky to top it off lol.
The increase in volume shows that the bar tried to test that trigger level and ended closing more towards the high showing buyers... What I looked at was that the volume when we approached this level to test it again this second time was lower than the volume we had when we hit this level the first time which to me showed no interest in breaking any lower.
Today's zone = Tomorrow's opportunity!
  • #13,359
  • Feb 18, 2011 1:46pm Feb 18, 2011 1:46pm
Quoting malcolmb14
last one marked was also a test 1.3580 long for 45 pip almost

test of the right area to ... breakout area.
Is the spread not too large to be a test? I saw it as more of a no selling pressure bar? Also it closed on it's low?
Today's zone = Tomorrow's opportunity!
  • #13,360
  • Feb 18, 2011 1:59pm Feb 18, 2011 1:59pm
Quoting pres78
Is the spread not too large to be a test? I saw it as more of a no selling pressure bar? Also it closed on it's low?
We don't want to get bogged down by nomenclature here, but it is not wider than the previous bar so I would not consider it No Selling Pressure. And because the close is lower than the midpoint of the range, I would not consider it a Test. What's left? No Supply.
Without VSA, you're playing checkers while the Smart Money plays chess.
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