• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 3:31pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 3:31pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

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

  • Interactive Trading
  • /
  • Reply to Thread
  • Subscribe
  • 12,027
Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • Last Post
  •  
  • 1 761762Page 763764765 1786
  • 1 Page 763 1786
  •  
  • Post #15,241
  • Quote
  • Mar 8, 2011 4:54am Mar 8, 2011 4:54am
  •  HiddenGap
  • Joined Aug 2009 | Status: Reading the tape | 2,299 Posts
Okay, let's do things a bit different this time. I was originally going to do a bar-by-bar of this chart, but I am feeling a bit lazy now. Instead I would like for all to either critique, ask questions, or both about the chart.

I will however, mention a few things about some of the bars.

#1: It's hard to see now, but this was the high volume bar that started it all. A wide spread up bar on ultra high volume closing in the middle. Whilst it is true that there are three parts to it, we know that markets do not like high volume up bars. We also know that a close in the middle of the range is significant.

If this bar is strength we would like to see a test within 5 bars. By that same token, we would like to see signs of weakness within 5 bars as well. 2 bars later there is a No Supply bar but the market only moves sideways. 5 bars later there is an Up Thrust.

The market moves sideways.

#2: Advanced sign of weakness. We get a nice down bar on volume less than the previous two bars that closes near its high. This is a Test. Note that the top of the Test bar is equal to the high of #1. Also note the price action leading up to this bar with respect to the trigger level. Now note the next bar. It closes down. This means the Test has failed. That's a sign of weakness. Aggressive entry.

#3: Three is a better entry as we can see that the trend has changed and its our old friend No Demand.

As I said, I am not going to do all the bars I had intended to do, so I will skip to #6.

#6: After seeing Stopping volume, followed by a series of up bars on low volume (No Demand), we get an equal close on a bar that fails to make a higher high but makes a lower low and closes near its low. This bar is supply swamping demand. If you were watching in real-time, you would have seen this bar make the low, push up for the rest of the interval and the collapse just before the end of the period.

Couple this Bar with the No Demands and the fact that the trend is down and you have another signal to get short. As some may have been looking for a confirmed long entry, this timeframe was saying there is some more to go on the down side.

Okay, I'm done. Let the critique begin.
Attached Image (click to enlarge)
Click to Enlarge

Name: Current1.png
Size: 123 KB
Wyckoff VSA: (1) Supply v Demand (2) Effort v Result (3) Cause v Effect
 
 
  • Post #15,242
  • Quote
  • Mar 8, 2011 4:55am Mar 8, 2011 4:55am
  •  Steve Gill
  • | Joined Mar 2009 | Status: Member | 392 Posts
Quoting 1pipperhour
Disliked
How do you know that? It can just be a little bit bigger shake out. Who knows. (...SG mentioned doesn't look like a shakeout...)
Ignored
I meant it doesn't look like an intra day shakeout, i.e. a shakeout that means we're going to rock back up to 1.4 and above today. I'm thinking of intra day trend trading.

I agree over the daily, 2 day or weekly it may turn out to be the beginning of a larger shakeout - in fact I think this is extremely likely as its clear on longer timeframes the SM is extremely bullish. My only slight problem with this is I'm not seeing evidence of large supply at 1.4 yet - so why shakeout something that isn't there?
Blogging daily now at www.volume.zone
 
 
  • Post #15,243
  • Quote
  • Mar 8, 2011 5:05am Mar 8, 2011 5:05am
  •  Mr J
  • | Joined Aug 2009 | Status: Member | 1,074 Posts
Quoting Steve Gill
Disliked
Very fair point Intel, it didn't even cross my mind that you were counter trend trading. Its just when I was starting out I found VSA difficult enough without counter trend trading so I presumed everyone was trying to trade with the trend.

Apologies
Ignored
The trend is down? I don't position myself on a timeframe on which I'd be looking to short. My trading on fast timeframes serves only to build my position on slower timeframes. They're extremely cheap, tight entries that individually have a low probability of success, but overall are very rewarding.
 
 
  • Post #15,244
  • Quote
  • Mar 8, 2011 5:06am Mar 8, 2011 5:06am
  •  Steve Gill
  • | Joined Mar 2009 | Status: Member | 392 Posts
Quoting HiddenGap
Disliked
Okay, I'm done. Let the critique begin.
Ignored
I love your charts, really clear and concise.

I remember your posts back from Seamus's VSA thread, and I have a lot of respect for you and your chart reading skills. I don't feel qualified to critique your work but I do have one thing I'm not convinced (yet) on - your bar 1. I appreciate its selling and for the time of the days its relatively high, but I don't see how this bar started it all. I think the direction was made up from the background yesterday where towards the end of day there was no volume in the upmove.
Blogging daily now at www.volume.zone
 
 
  • Post #15,245
  • Quote
  • Mar 8, 2011 5:10am Mar 8, 2011 5:10am
  •  sony
  • | Joined Nov 2007 | Status: Member | 671 Posts
[quote=HiddenGap;4454183]Okay, let's do things a bit different this time. I was originally going to do a bar-by-bar of this chart, but I am feeling a bit lazy now. Instead I would like for all to either critique, ask questions, or both about the chart.

I will however, mention a few things about some of the bars.

#1: It's hard to see now, but this was the high volume bar that started it all. A wide spread up bar on ultra high volume closing in the middle. Whilst it is true that there are three parts to it, we know that markets do not like high volume up bars. We also know that a close in the middle of the range is significant.

If this bar is strength we would like to see a test within 5 bars. By that same token, we would like to see signs of weakness within 5 bars as well. 2 bars later there is a No Supply bar but the market only moves sideways. 5 bars later there is an Up Thrust.

The market moves sideways.







Thanks for this Hidden

I can see now that you marked that trigger bar in a manner top and close

But is that maybe more advanced than low and close of it..when it is up bar

Or

High and close when it is down bar?

All the best
Work smart not hard
 
 
  • Post #15,246
  • Quote
  • Mar 8, 2011 5:10am Mar 8, 2011 5:10am
  •  Steve Gill
  • | Joined Mar 2009 | Status: Member | 392 Posts
Quoting Mr J
Disliked
The trend is down?
Ignored
Intra day trend is surely, yes

If you were looking for intra day trades like I do, and want to trade with the trend, I do still think we're looking for shorting opportunities right now.
Attached Image (click to enlarge)
Click to Enlarge

Name: 6e 15m 8th mar.jpg
Size: 220 KB
Blogging daily now at www.volume.zone
 
 
  • Post #15,247
  • Quote
  • Mar 8, 2011 5:11am Mar 8, 2011 5:11am
  •  HiddenGap
  • Joined Aug 2009 | Status: Reading the tape | 2,299 Posts
Quoting Steve Gill
Disliked
.. I'm not convinced (yet) on - your bar 1. I appreciate its selling and for the time of the days its relatively high, but I don't see how this bar started it all. I think the direction was made up from the background yesterday where towards the end of day there was no volume in the upmove.
Ignored
I am very myopic. I believe a chart never lies. So I don't look a multiple timeframes. I watched as the market moved up and then #1 appeared. There may infact be more in the background, I would give you that. I don't have to see it as long as those that can actually move price do.
Wyckoff VSA: (1) Supply v Demand (2) Effort v Result (3) Cause v Effect
 
 
  • Post #15,248
  • Quote
  • Mar 8, 2011 5:13am Mar 8, 2011 5:13am
  •  KinsaleForex
  • Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
Quoting HiddenGap
Disliked
Okay, let's do things a bit different this time. I was originally going to do a bar-by-bar of this chart, but I am feeling a bit lazy now. Instead I would like for all to either critique, ask questions, or both about the chart.

I will however, mention a few things about some of the bars.

#1: It's hard to see now, but this was the high volume bar that started it all. A wide spread up bar on ultra high volume closing in the middle. Whilst it is true that there are three parts to it, we know that markets do not like high volume up bars. We...
Ignored
One thing i'd say is that I wouldn't have considering taking trigger numbers off the bar that you did. I wouldn't have thought the volume was high enough. It's more than likely me not thinking relatively though.
 
 
  • Post #15,249
  • Quote
  • Mar 8, 2011 5:17am Mar 8, 2011 5:17am
  •  Steve Gill
  • | Joined Mar 2009 | Status: Member | 392 Posts
Quoting HiddenGap
Disliked
I am very myopic. I believe a chart never lies. So I don't look a multiple timeframes. I watched as the market moved up and then #1 appeared. There may infact be more in the background, I would give you that. I don't have to see it as long as those that can actually move price do.
Ignored
Once I looked up what myopic means I understand what you're saying

I find it fascinating that you don't look at multiple timeframes and I'm certainly very interested in what you're doing. I'll watch your future posts with greater interest now that I realise that.

How do you determine support and resistance lines out of interest?
Blogging daily now at www.volume.zone
 
 
  • Post #15,250
  • Quote
  • Mar 8, 2011 5:18am Mar 8, 2011 5:18am
  •  HiddenGap
  • Joined Aug 2009 | Status: Reading the tape | 2,299 Posts
Quoting sony
Disliked
I can see now that you marked that trigger bar in a manner top and close

But is that maybe more advanced than low and close of it..when it is up bar

Or

High and close when it is down bar?

All the best
Ignored
I'm still waiting for Gavin's book. I hope he will shed some light on the trigger number (level). Currently, what I do is look at the three key levels: the close, the high and the low. I believe the close is the first place to look but you can't count out the high and the low.
Wyckoff VSA: (1) Supply v Demand (2) Effort v Result (3) Cause v Effect
 
 
  • Post #15,251
  • Quote
  • Mar 8, 2011 5:23am Mar 8, 2011 5:23am
  •  HiddenGap
  • Joined Aug 2009 | Status: Reading the tape | 2,299 Posts
Quoting KinsaleForex
Disliked
One thing i'd say is that I wouldn't have considering taking trigger numbers off the bar that you did. I wouldn't have thought the volume was high enough. It's more than likely me not thinking relatively though.
Ignored
The bad thing about the chart is the volume picked up on the left side. Bar #1 was Yao Ming when it appeared but it pales in comparison to the volume as the night/day progressed. Actually, that is part of the point-volume is all relative as you said.

EDIT: My volume indicator is set up so that the salmon area denotes volume 3 standard deviations from the average. Therefore by definition it must be ultra high.
Wyckoff VSA: (1) Supply v Demand (2) Effort v Result (3) Cause v Effect
 
 
  • Post #15,252
  • Quote
  • Mar 8, 2011 5:32am Mar 8, 2011 5:32am
  •  sony
  • | Joined Nov 2007 | Status: Member | 671 Posts
Quoting HiddenGap
Disliked
The bad thing about the chart is the volume picked up on the left side. Bar #1 was Yao Ming when it appeared but it pales in comparison to the volume as the night/day progressed. Actually, that is part of the point-volume is all relative as you said.

EDIT: My volume indicator is set up so that the salmon area denotes volume 3 standard deviations from the average. Therefore by definition it must be ultra high.
Ignored

Yes ...me to

Also please tell me

Yes as you said it is ultra hig volume bar but what with the other ..you have more than 5 of them on your chart later...
Do you erase than that idea wich happen before and goe over this new once or what?

It realy confuse me a lot

I trying to find along that also an ultra wide bar but after few h that ultra high is not anymore ultra high at all...

If there is any volume indi taht can pick up more days ov average...lets say 30 or more...And how it can be set up so we are sure that one more has realy ultra high volume?
Work smart not hard
 
 
  • Post #15,253
  • Quote
  • Mar 8, 2011 5:33am Mar 8, 2011 5:33am
  •  sony
  • | Joined Nov 2007 | Status: Member | 671 Posts
Polomine...come on

S.O.S
Work smart not hard
 
 
  • Post #15,254
  • Quote
  • Mar 8, 2011 5:44am Mar 8, 2011 5:44am
  •  HiddenGap
  • Joined Aug 2009 | Status: Reading the tape | 2,299 Posts
Quoting sony
Disliked
..Yes as you said it is ultra hig volume bar but what with the other ..you have more than 5 of them on your chart later...
Do you erase than that idea wich happen before and goe over this new once or what?
Ignored
Again, I am waiting for Gavin's book to shed more light on the subject. For now, I consider the most recent Ultra high volume bar as the likely trigger bar.

So on the chart below, even though there are a few bars in the Ultra High Region, only the last one is a trigger bar. Also note that it is the highest volume of all bars that can be seen on the chart. But each new and higher bar would be considered a possible trigger bar until an even higher bar appears.
Attached Image (click to enlarge)
Click to Enlarge

Name: current2.png
Size: 29 KB
Wyckoff VSA: (1) Supply v Demand (2) Effort v Result (3) Cause v Effect
 
 
  • Post #15,255
  • Quote
  • Mar 8, 2011 5:51am Mar 8, 2011 5:51am
  •  sony
  • | Joined Nov 2007 | Status: Member | 671 Posts
Quoting HiddenGap
Disliked
Again, I am waiting for Gavin's book to shed more light on the subject. For now, I consider the most recent Ultra high volume bar as the likely trigger bar.

So on the chart below, even though there are a few bars in the Ultra High Region, only the last one is a trigger bar. Also note that it is the highest volume of all bars that can be seen on the chart. But each new and higher bar would be considered a possible trigger bar until an even higher bar appears.
Ignored

Yeap that is it

But sometime i spend all day waiting for a bigger and wider bar and on the end i end up with zero trades...but that is just low experience more than anything else
Work smart not hard
 
 
  • Post #15,256
  • Quote
  • Mar 8, 2011 5:55am Mar 8, 2011 5:55am
  •  Mr J
  • | Joined Aug 2009 | Status: Member | 1,074 Posts
Quoting Steve Gill
Disliked
Intra day trend is surely, yes

If you were looking for intra day trades like I do, and want to trade with the trend, I do still think we're looking for shorting opportunities right now.
Ignored
The point is that there is no one trend, and although I'm sure you know that, trend will vary between intraday timeframes as well. Each of those retracements upwards was a trend on a fast timeframe.
 
 
  • Post #15,257
  • Quote
  • Mar 8, 2011 5:59am Mar 8, 2011 5:59am
  •  1pipperhour
  • Joined Jun 2010 | Status: Member | 1,342 Posts
So here we are at support and going sideways.

USDX (30 min) at it's top showing us lots of wicks. Signs of weakness. Possible down.

EU looks like is drying up supply. I'm looking at 10 min right now which is showing signs of strength.

No way I'm going to short this above lower tl (when we are so near at it). I'm looking for longs (I even placed stop order not to miss it). If it doesn't happen. The hell with it then.

Again. This not a call. This is what I think.

And HG. If your post is you being lazy then I don't want to know what you will do if you are not lazy. A book maybe
 
 
  • Post #15,258
  • Quote
  • Mar 8, 2011 6:01am Mar 8, 2011 6:01am
  •  Steve Gill
  • | Joined Mar 2009 | Status: Member | 392 Posts
Quoting Mr J
Disliked
The point is that there is no one trend, and although I'm sure you know that, trend will vary between intraday timeframes as well. Each of those retracements upwards was a trend on a fast timeframe.
Ignored
My opinion is that it depends on the time frame you are trading.

The 1 minute could have a different trend to the 4 hour, of course - but looking at the charts today I can see that the 5 min, 15 min, 30 min and 1 hour are all trending down at the moment. So buying into this is clearly counter trend, unless the trend turns.

I'm not saying there is anything wrong with counter trend trading - just that its not for me and I personally think its easier for newbies to learn to trade with the trend.
Blogging daily now at www.volume.zone
 
 
  • Post #15,259
  • Quote
  • Mar 8, 2011 6:13am Mar 8, 2011 6:13am
  •  1pipperhour
  • Joined Jun 2010 | Status: Member | 1,342 Posts
Quoting Steve Gill
Disliked
My opinion is that it depends on the time frame you are trading.

The 1 minute could have a different trend to the 4 hour, of course - but looking at the charts today I can see that the 5 min, 15 min, 30 min and 1 hour are all trending down at the moment. So buying into this is clearly counter trend, unless the trend turns.

I'm not saying there is anything wrong with counter trend trading - just that its not for me and I personally think its easier for newbies to learn to trade with the trend.
Ignored
What I'm trying to learn these days is to recognize the trend change at its early stages. So it may look like me or Intel are counter trend traders. Actually I'm not. But I also don't want to give an idea that I'm forcing market to go up. If it happens - good. If not - good that I didn't take the trade
 
 
  • Post #15,260
  • Quote
  • Mar 8, 2011 6:15am Mar 8, 2011 6:15am
  •  Mr J
  • | Joined Aug 2009 | Status: Member | 1,074 Posts
Also note that the best trades start as "counter-trend". I would say I trade moves, rather than trends.
 
 
  • Interactive Trading
  • /
  • vsa with Malcolm
  • Reply to Thread
    • 1 761762Page 763764765 1786
    • 1 Page 763 1786
0 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2022