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vsa with Malcolm

  • #15,421
  • Mar 9, 2011 3:11am Mar 9, 2011 3:11am
My analysis so far of EU. Looking at shorts unless we break above 1.3900.

I *almost* fell into my old trap this morning. Having seen a SOS strength yesterday, and convincing myself it was a test on the daily yesterday, I was thinking of entering at market, believing I was getting a bargain. It would have been a mistake as I'd have set my stop below the low of yesterday's SOS - which would have been stopped out by now.

I love lessons that don't cost me money
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  • #15,422
  • Mar 9, 2011 3:11am Mar 9, 2011 3:11am
Quoting Intel
All correct. Now, who spotted it in real time? It's called 'hidden' for a reason!!!
I did but did not take it. GU still unclear.
  • #15,423
  • Mar 9, 2011 3:12am Mar 9, 2011 3:12am
Quoting Intel
All correct. Now, who spotted it in real time? It's called 'hidden' for a reason!!!
Not me cos I don't watch GU. But I saw one day you suggested entry above up thrust high. Why? Safer?
  • #15,424
  • Mar 9, 2011 3:13am Mar 9, 2011 3:13am
Quoting Intel
All correct. Now, who spotted it in real time? It's called 'hidden' for a reason!!!
I was driving, your honour, in my defence. *Mostly* below the speed limit (because of the traffic in my way lol)
Blogging daily now at www.volume.zone
  • #15,425
  • Mar 9, 2011 3:17am Mar 9, 2011 3:17am
EU tested again shakeout. Now i think that should be a quite safe entry.
  • #15,426
  • Mar 9, 2011 3:21am Mar 9, 2011 3:21am
Quoting kill56
hey mal some VSA indis AT the grave yard enjoy


http://www.forexfactory.com/showthre...=1#post4455566

Please tell me any manual of that how VSA spread Wicks histogram can be used

I see some pattern but i am not sure if that is right

All the best
Work smart not hard
  • #15,427
  • Edited 3:28am Mar 9, 2011 3:27am | Edited 3:28am
(sorry quoted the wrong person thats why i edited it)

Hey Steve,

Have you looked at a 15 min chart, there a some large signs on strength on the euro.
  • #15,428
  • Mar 9, 2011 3:28am Mar 9, 2011 3:28am
Thank you for this wonderful thread is the no supply on the EU 5min after shakeout a valid entry
  • #15,429
  • Mar 9, 2011 3:30am Mar 9, 2011 3:30am
Quoting i79coop
Thank you for this wonderful thread is the no supply on the EU 5min after shakeout a valid entry
I´ll waiting for confirmation on M15. Than long.
While posting missing the entry
Trade well and many pips to all. Martin
  • #15,430
  • Mar 9, 2011 3:31am Mar 9, 2011 3:31am
Quoting amletit
EU tested again shakeout. Now i think that should be a quite safe entry.
Amletit: very niz call..well spotted.
  • #15,431
  • Mar 9, 2011 3:32am Mar 9, 2011 3:32am
Quoting i79coop
Thank you for this wonderful thread is the no supply on the EU 5min after shakeout a valid entry
Are you talking about the 9:00am - 9:05 bar? (GMT) If so, the next bar was down, so it's probably not considered a confirmed no supply. People can feel free to correct me though!
  • #15,432
  • Mar 9, 2011 3:34am Mar 9, 2011 3:34am
quarter too the hour, entered on break
  • #15,433
  • Mar 9, 2011 3:34am Mar 9, 2011 3:34am
Quoting FrankSA
Steve, I see an "effort to fall" at the top and a nice retracement to get more stock or pyramid in. That we saw this morning.
Right now the reversal was hardly tested and accumulated. It was too quick. Which IMHO is not the end of the down run. There is a resistance but with lack of interest from the SM. The only way to break that level is to mark it up hard, then drop it. The mark up seems not to be too intense, so I expect it could fall again, then take a hard run up & then down with smaller "loop"....
Frank I saw your charts a few pages back, thanks for that

I see what you mean by the effort to fall, its amazing how much easier it is to understand things with a chart to back it up.

Continuing the discussion on your next points from your original post (as I'm interested in your thought process here). You have said the reversal was hardly tested - do you mean we didn't go back down to test 1.3860 yesterday?

You then mention there wasn't any real accumulation but remember that if the SM are testing (daily I'm talking about here) then their plan is not to accumulate more stock, merely to test for bears.

You then say there is resistance - what resistance are you referring to? (again charts would be awesome). I assume your reference to lack of interest from the SM is lack of interest in breaking this resistance?
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  • #15,434
  • Mar 9, 2011 3:39am Mar 9, 2011 3:39am
Quoting i79coop
quarter too the hour, entered on break
Ah I see, I was going to ask if you meant that bar too. Yeah that seems ok to me. It was confirmed immediately by the bar after but on less volume so I would have been wary. Having said that, this could also be a hidden test type bar, maybe if Intel could verify (the 08:50 to 08:55 bar on EU)
  • #15,435
  • Mar 9, 2011 3:41am Mar 9, 2011 3:41am
(Just catching up on posts since I went to bed last night...)

Quoting 1pipperhour
So it seems you got to have e-signal or similar to use vsa analysis
There was a thread or post a few months back about the best broker with volume closest to esignal - can't remember exactly where though. Remember demo volumes can differ from real volumes as well.

Someone else might be able to advise better on that.

Quoting 1pipperhour
Edit: So yes Steve. It is absolutely bullish. I agree with you . Can I now be your best friend also?
Only if you read up on testing again I think its mega important for your own learning because without the basics you'll never properly understand VSA and why the market is doing what it is doing - which will become extremely frustrating for you. All IMHO
Blogging daily now at www.volume.zone
  • #15,436
  • Edited 3:57am Mar 9, 2011 3:47am | Edited 3:57am
EU 5 min, I see a 2 bar reversal. looks like a retracement top in anticipation of the next attack on the support ..lets see if it pans out that way.. just some thoughts... any other opinions...

Looks like a no demand confirmation...am I see this right or just wishing it to be so...
  • #15,437
  • Mar 9, 2011 3:49am Mar 9, 2011 3:49am
[quote=Steve Gill;4457172](Just catching up on posts since I went to bed last night...)


There was a thread or post a few months back about the best broker with volume closest to esignal - can't remember exactly where though. Remember demo volumes can differ from real volumes as well.

Someone else might be able to advise better on that.

Ref the broker, I believe someone mentioned "The Collective" as having decent volume, but I also had FXCM(both demo) & they seemed to have more volume at certain times of the day. I suppose the best thing to do is compare & contrast & make your own decision with these two.
Le singe est dans l'arbre
  • #15,438
  • Mar 9, 2011 3:54am Mar 9, 2011 3:54am
Quoting ewokuk
ok just made this quickly, now late for work haha. im short just under 3900 (and as i type this getting slightly worried by the possible stopping vol near yesterdays low). ultimate targe for the day somewhere near 3750 but clearly a ton of support to break through first so likely ill be closing it before that.

annotated a few bars with what i think i see, can someone with more experience confirm those bars are actually what i have marked them as, so i am not reading it wrong
I think you got in at a great point but it was risky just before London open. Not sure why you highlighted the No supply bar though as you were looking for shorts and ultimately took a short trade?

I haven't looked further back than today because there are others here that are miles better than me looking back like that. When it comes to longer term background (more than a few hours) I personally find it easier to look at higher timeframes.

If it were me I'd probably set the trade to break even though now.
Blogging daily now at www.volume.zone
  • #15,439
  • Mar 9, 2011 3:59am Mar 9, 2011 3:59am
Quoting FrankSA
EU 5 min, I see a 2 bar reversal. looks like a retracement top in anticipation of the next attack on the support ..lets see if it pans out that way.. just some thoughts... any other opinions...
Just my thought. Now it seems to be testing again. We'll know soon.
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  • #15,440
  • Mar 9, 2011 4:01am Mar 9, 2011 4:01am
Quoting Steve Gill
(Just catching up on posts since I went to bed last night...)


There was a thread or post a few months back about the best broker with volume closest to esignal - can't remember exactly where though. Remember demo volumes can differ from real volumes as well.

Someone else might be able to advise better on that.


Only if you read up on testing again I think its mega important for your own learning because without the basics you'll never properly understand VSA and why the market is doing what it is doing - which will...
It is IBFX. I have it but not sure about its daily volume as well. I don't have problems in other timeframes. It's just the daily.

I just read it couple of days ago again when I posted the same page No in here for someone. So I know what testing is. As I said it was the daily volume which confused me.
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