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vsa with Malcolm

  • #15,261
  • Mar 8, 2011 5:24am Mar 8, 2011 5:24am
Quoting 1pipperhour
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
Cool, I understand. Please don't think that I'm arguing with yourself or Mr J - I asked the question why are people looking for longs so I can try and understand your reasoning, which turns out to be a different approach to mine - but thats cool.

I like the TG diamond trending system that Malc also promotes - when the diamonds turn green, and you've seen SOS in the background, start looking for successful tests to go long. It means you lose some pips from the absolute bottom but I think its a less risky trade and means you don't need to try catching a falling knife.
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Blogging daily now at www.volume.zone
  • #15,262
  • Mar 8, 2011 5:29am Mar 8, 2011 5:29am
Quoting Steve Gill
Cool, I understand. Please don't think that I'm arguing with yourself or Mr J - I asked the question why are people looking for longs so I can try and understand your reasoning, which turns out to be a different approach to mine - but thats cool.

I like the TG diamond trending system that Malc also promotes - when the diamonds turn green, and you've seen SOS in the background, start looking for successful tests to go long. It means you lose some pips from the absolute bottom but I think its a less risky trade and means you don't need to...
No I don't . No worries.

Don't have TG so don't see any diamonds. I have a chart with some s/r lines and candles. I'm not so advanced like malcolm who is watching HARD SHYT indies only
  • #15,263
  • Mar 8, 2011 5:50am Mar 8, 2011 5:50am
Nice set up on Swissy 5min

Upthrust then no demand on trigger number taken from u-high volume bar.
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  • #15,264
  • Mar 8, 2011 5:55am Mar 8, 2011 5:55am
Quoting KinsaleForex
Nice set up on Swissy 5min

Upthrust then no demand on trigger number taken from u-high volume bar.
I hope this plays out then I can go long on EU.
  • #15,265
  • Mar 8, 2011 5:59am Mar 8, 2011 5:59am
Quoting 1pipperhour
I hope this plays out then I can go long on EU.
You and me both, cos i'm in
  • #15,266
  • Mar 8, 2011 6:03am Mar 8, 2011 6:03am
Quoting 1pipperhour

Don't have TG so don't see any diamonds.

http://www.forexfactory.com/showpost...ostcount=10342
  • #15,267
  • Mar 8, 2011 6:05am Mar 8, 2011 6:05am
Quoting juhanimi
http://www.forexfactory.com/showpost...ostcount=10342
Thanks. I have it. Didn't like it though
  • #15,268
  • Mar 8, 2011 6:07am Mar 8, 2011 6:07am
Quoting 1pipperhour
I hope this plays out then I can go long on EU.
You would want to see the same idea in the Euro. If price trades up above the trigger level (C) and then attempts to go back down on a no supply or test, then you got your entry.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #15,269
  • Mar 8, 2011 6:08am Mar 8, 2011 6:08am
Quoting KinsaleForex
You and me both, cos i'm in
What was your entry KinsaleForex? (i.e. what made you enter the trade)
Blogging daily now at www.volume.zone
  • #15,270
  • Mar 8, 2011 6:09am Mar 8, 2011 6:09am
Quoting HiddenGap
You would want to see the same idea in the Euro. If price trades up above the trigger level (C) and then attempts to go back down on a no supply or test, then you got your entry.
Hi HG, my entry (Swissy) was based on the 20min chart but I went down to the 5min to have a look and spotted that. I'm only just getting used to trigger numbers etc so does this qualify as a good set up?
  • #15,271
  • Mar 8, 2011 6:14am Mar 8, 2011 6:14am
Quoting HiddenGap
You would want to see the same idea in the Euro. If price trades up above the trigger level (C) and then attempts to go back down on a no supply or test, then you got your entry.
Yep. I have placed stop order a little bit higher. I have to leave soon and I'm afraid my eyes will not see this.
  • #15,272
  • Mar 8, 2011 6:28am Mar 8, 2011 6:28am
Quoting KinsaleForex
Hi HG, my entry (Swissy) was based on the 20min chart but I went down to the 5min to have a look and spotted that. I'm only just getting used to trigger numbers etc so does this qualify as a good set up?
I've seen some of your previous charts, I thought you were an old hand at them .

Looks good to me. Since you mentioned it, what did you see on the 20?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #15,273
  • Mar 8, 2011 6:49am Mar 8, 2011 6:49am
Quoting HiddenGap
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.
For what it's worth (or not worth) I look for the highest vol bar's in the area of current price action for possible triggers. For example we may look left and see a higher vol bar but it created a price bar that is much lower than where price is now so even though I can see it I ignore it for the time being but if price starts to move towards it then it will come back into play. Therefore the next highest price bar that occupies current price action is what I would focus on at that time. There are many times where you can get multiple trigger levels all that can give some sort of trigger for entry.

May not be the right way of using trigger numbers but it works for me and the way I trade.
Today's zone = Tomorrow's opportunity!
  • #15,274
  • Mar 8, 2011 7:01am Mar 8, 2011 7:01am
lower highs all london ... why look for longs .... ?

I know we can see strength and weakness with vsa BUT we still need to follow trading 101 rules .... trend is your friend

above 1.3930 I would look for longs

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Quoting Intel
You're quite right, people should be looking for shorts in general. However, if the charts tell me there is a reversal/retrace in progress, I will trade it if I can find an entry. The idea is to help people who are interested in this type of trading. There is plenty of help for the trend followers here from Mal, Sono, yourself and many more but we don't all see it the same way. The setups I look for have proven to be very reliable when you are good enough at recognising them and their variations.
Blogging daily now at www.volume.zone
  • #15,275
  • Mar 8, 2011 7:03am Mar 8, 2011 7:03am
Quoting Steve Gill
Cool, I understand. Please don't think that I'm arguing with yourself or Mr J - I asked the question why are people looking for longs so I can try and understand your reasoning, which turns out to be a different approach to mine - but thats cool.

I like the TG diamond trending system that Malc also promotes - when the diamonds turn green, and you've seen SOS in the background, start looking for successful tests to go long. It means you lose some pips from the absolute bottom but I think its a less risky trade and means you don't need to try catching...
First, I want to point out that I'm not criticising your methods.

Regarding trend trading:
As I said before, I would say I trade a move rather than a trend. What is the difference? I think mainly that I look to make entries before a "trend trader" would. I aim to pick tops and bottoms, and ride them heavily until the next. It's only a falling knife if you time it poorly. Well-picked and it is the best possible entry.

I have to say I'm not a fan of Tradeguider, but that is largely based in my dislike of the salesman angle rather than the content (which I don't have, and therefore won't comment on). I don't like the idea of a trend indicator - I think it is completely unnecessary, and at best can be justified as training wheels. If one can read movement well I don't see why one would need such an indicator.

I think there's a recurring theme in this thread that focuses too heavily on just a few types of bars, as shown in your comment of looking for tests after strength. What happens if the test is within a bar, only seen on another timeframe, or if it doesn't come at all? You may miss it, despite the action as a whole being tremendously strong. Action is more than just tests, no demands, no supplies etc, and I think by focusing on a handful of bar patterns, many will overlook a lot of information. This is at least the trap I think many beginners will fall into.
  • #15,276
  • Mar 8, 2011 7:08am Mar 8, 2011 7:08am
Quoting Mr J
First, I want to point out that I'm not criticising your methods.

Regarding trend trading:
As I said before, I would say I trade a move rather than a trend. What is the difference? I think mainly that I look to make entries before a "trend trader" would. I aim to pick tops and bottoms, and ride them heavily until the next. It's only a falling knife if you time it poorly. Well-picked and it is the best possible entry.

I have to say I'm not a fan of Tradeguider, but that is largely based in my dislike of the salesman angle rather than the content...
Everyone trades VSA a little differently by finding what set-ups and chart layouts work for them. You have been sharing your thoughts on trend and bar types / set-ups but have not posted any charts showing the set-ups you take so others can see.

How about some charts showing what / how you are using VSA to trade.
Today's zone = Tomorrow's opportunity!
  • #15,277
  • Mar 8, 2011 7:10am Mar 8, 2011 7:10am
last comment got be .. recurring theme of looking for one type of set up...

if you look for tests after strength then trend change is confirmed. If you look for no demand or ut after weakness then trend down confirmed. Trade ONLY those set up s next 4 years and you will retire a billionaire and can hang with me in monte carlo on our yachts.

those are exactly the set ups i trade and ONLY those on everything.

I trade with up to 15% risk on account .... and i ain't trading no micro lots.. up 25% on account this week already. I know highly leveraged , but trading ONLY those 2 set ups cannot go wrong.



Quoting Mr J
First, I want to point out that I'm not criticising your methods.

Regarding trend trading:
As I said before, I would say I trade a move rather than a trend. What is the difference? I think mainly that I look to make entries before a "trend trader" would. I aim to pick tops and bottoms, and ride them heavily until the next. It's only a falling knife if you time it poorly. Well-picked and it is the best possible entry.

I have to say I'm not a fan of Tradeguider, but that is largely based in my dislike of the salesman angle rather than the content...
Blogging daily now at www.volume.zone
  • #15,278
  • Mar 8, 2011 7:15am Mar 8, 2011 7:15am
Quoting Mr J
I think there's a recurring theme in this thread that focuses too heavily on just a few types of bars, as shown in your comment of looking for tests after strength. What happens if the test is within a bar, only seen on another timeframe, or if it doesn't come at all? You may miss it, despite the action as a whole being tremendously strong. Action is more than just tests, no demands, no supplies etc, and I think by focusing on a handful of bar patterns, many will overlook a lot of information. This is at least the trap I think many beginners will...
I appreciate your comments . I accept you may miss some trades this way but for less experienced people (which ultimately in terms of trading experience I am) I feel it is far easier to succeed than trying to catch the knife where you need to have a lot more experience to be successful at. All IMHO

Each to their own though, and as long as this thread is about VSA then I think debate is healthy
Blogging daily now at www.volume.zone
  • #15,279
  • Mar 8, 2011 7:19am Mar 8, 2011 7:19am
do you want to pick the 1st bar and pray that you are right or do you want to let the trade mature for 2 hours and KNOW that you are 100% safe after confirmation

my exact entry on this trade 1.6305

tp was just hit 150 pip

MR J's argument is a way of trading I guess but trying to pick tops and bottoms without confirmation is suicide in the long run IMHO

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Quoting malcolmb14
last comment got be .. recurring theme of looking for one type of set up...

if you look for tests after strength then trend change is confirmed. If you look for no demand or ut after weakness then trend down confirmed. Trade ONLY those set up s next 4 years and you will retire a billionaire and can hang with me in monte carlo on our yachts.

those are exactly the set ups i trade and ONLY those on everything.

I trade with up to 15% risk on account .... and i ain't trading no micro lots.. up 25% on account this week already. I know highly leveraged...
Blogging daily now at www.volume.zone
  • #15,280
  • Mar 8, 2011 7:21am Mar 8, 2011 7:21am
Quoting malcolmb14
last comment got be .. recurring theme of looking for one type of set up...

if you look for tests after strength then trend change is confirmed. If you look for no demand or ut after weakness then trend down confirmed. Trade ONLY those set up s next 4 years and you will retire a billionaire and can hang with me in monte carlo on our yachts.

those are exactly the set ups i trade and ONLY those on everything.

I trade with up to 15% risk on account .... and i ain't trading no micro lots.. up 25% on account this week already. I know highly leveraged...
YOU ARE OVER TRADING!!! Ok you are malcomb me NOBODY

Could you please post an image with your analisys of any of your last trade?

Belikewater
Greetings, BeLikewater
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