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vsa with Malcolm

  • #16,161
  • Mar 14, 2011 1:21pm Mar 14, 2011 1:21pm
Quoting KinsaleForex
Two bars before the failed test?..And while i'm at it, would we look to use this for shorts? Or test from above for further strength?

Well, that bar was selling. So we would initially be looking for shorts at that level. So if price falls below it and then attempts to move above on No Demand....

But, if the market moves down to that level on No Supply or a Test, listen to what the market is telling you and look for a long.

**EDIT**: the latter is what we just saw happen.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #16,162
  • Mar 14, 2011 1:29pm Mar 14, 2011 1:29pm
Quoting HiddenGap
Well, that bar was selling. So we would initially be looking for shorts at that level. So if price falls below it and then attempts to move above on No Demand....

But, if the market moves down to that level on No Supply or a Test, listen to what the market is telling you and look for a long.

**EDIT**: the latter is what we just saw happen.
Thanks, that's what I was thinking.

Whilst I can see it has reacted to this level I don't really see a test, at least one with volume less than previous two, so which bar do you consider the test? The 18:05 - 18:10 bar? (GMT)
  • #16,163
  • Mar 14, 2011 1:31pm Mar 14, 2011 1:31pm
Quoting HiddenGap
..**EDIT**: the latter is what we just saw happen.
Counter-manding No Demand signal... it 's that time of day.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #16,164
  • Mar 14, 2011 1:36pm Mar 14, 2011 1:36pm
Quoting HiddenGap
Counter-manding No Demand signal... it 's that time of day.
is the marked bar what you are referring to as ND? not really a ND du to volume pop...was debating whether to short the break of the low as it is a higher vol bar with no progress in an area of weakness...didn't take it though...

EDIT: that last bar completed as a test of the WRB close...too narrow range, risk to high...waiting till Asia
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Change is the only constant
  • #16,165
  • Mar 14, 2011 1:38pm Mar 14, 2011 1:38pm
Quoting KinsaleForex
Thanks, that's what I was thinking.

Whilst I can see it has reacted to this level I don't really see a test, at least one with volume less than previous two, so which bar do you consider the test? The 18:05 - 18:10 bar? (GMT)
Here's the chart. The bar in question is a failed test if your definition is that the next bar must be up. If you allow for the next bar to be down (while not making a lower low) and then the next bar up, then it is a good test.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #16,166
  • Mar 14, 2011 1:43pm Mar 14, 2011 1:43pm
These are also good examples of "when" to take a ND in an up trend.
  • #16,167
  • Mar 14, 2011 1:47pm Mar 14, 2011 1:47pm
Quoting HiddenGap
Here's the chart. The bar in question is a failed test if your definition is that the next bar must be up. If you allow for the next bar to be down (while not making a lower low) and then the next bar up, then it is a good test.
Ah ok, the reason I questioned it is because on my charts the bar you've highlighted as a test bar has higher volume than the previous two. Also the following bar closes even. The bar you've marked as ND has the highest volume for the previous ten bars or so on my charts. Slight nuances.
  • #16,168
  • Mar 14, 2011 1:50pm Mar 14, 2011 1:50pm
Quoting Sonofsin5
These are also good examples of "when" to take a ND in an up trend.
Yes, Gavin uses the term counter-manding signal. But that does not mean you do the opposite.

If you saw the test at the trigger, your entry was on the next bar as it breached the high of the test bar. It turns out that the next bar closed lower (possible failed test) but you should already be long. The next bar closes up. Then we see a No demand. Not nice to see if you are long but not a reason to get short if you are flat.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #16,169
  • Mar 14, 2011 1:51pm Mar 14, 2011 1:51pm
Quoting KinsaleForex
So i've only recently started looking into 5min charts as I feel my analysis and knowledge of VSA is improving. I've annotated most of today's action in a chart. If people could comment on rights/wrongs i'd appreciate that. For what it's worth I was noting a lot of this live and have put the chart together retrospectively.

The main part i'm interested in is whether I have correctly identified the trigger line/number (green line) from the high volume down bar and that area being tested.
An alternative view for you.
EDIT: I have missed to place the line pointing to the green doji from the word 'Order'
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  • #16,170
  • Mar 14, 2011 1:52pm Mar 14, 2011 1:52pm
Eur chart. A break now of the previous mentioned level at 4004 should be explosive. Sellers havnt really stepped in yet.
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  • #16,171
  • Mar 14, 2011 2:02pm Mar 14, 2011 2:02pm
Quoting Intel
An alternative view for you.
EDIT: I have missed to place the line pointing to the green doji from the word 'Order'
Thanks for that insight Intel, which part of the chart is the paragraph on the left pointing to?
  • #16,172
  • Mar 14, 2011 2:03pm Mar 14, 2011 2:03pm
Quoting HiddenGap
Well, that bar was selling. So we would initially be looking for shorts at that level. So if price falls below it and then attempts to move above on No Demand....

But, if the market moves down to that level on No Supply or a Test, listen to what the market is telling you and look for a long.

**EDIT**: the latter is what we just saw happen.
Very nice, as always.
  • #16,173
  • Mar 14, 2011 2:05pm Mar 14, 2011 2:05pm
Quoting Intel
Very nice, as always.
Yes this thread is very fortunate to have such wonderful posters here helping all of us VSA newbies...
Today's zone = Tomorrow's opportunity!
  • #16,174
  • Mar 14, 2011 2:06pm Mar 14, 2011 2:06pm
Quoting KinsaleForex
Thanks for that insight Intel, which part of the chart is the paragraph on the left pointing to?
LOL I ran out of space, the paragraph on the left follows the paragraph on the right. Thats what the arrow is for. The whole paragraph should be pointing to the green doji bar.
  • #16,175
  • Mar 14, 2011 2:07pm Mar 14, 2011 2:07pm
Quoting Intel
LOL I ran out of space, the paragraph on the left follows the paragraph on the right. Thats what the arrow is for. The whole paragraph should be pointing to the green doji bar.
Ah, it all makes sense now! I read that paragraph on the left first, then the one on the right, i'll go over it again! Cheers
  • #16,176
  • Mar 14, 2011 2:09pm Mar 14, 2011 2:09pm
Quoting pres78
Yes this thread is very fortunate to have such wonderful posters here helping all of us VSA newbies...
Couldn't agree more, wish i'd discovered it sooner and stopped pratting about over at Trade2Win
  • #16,177
  • Mar 14, 2011 2:25pm Mar 14, 2011 2:25pm
We will be seeing 1.40316 very soon for another test after waffling back down to 1.3935 area. I am hoping asia session will blast it off
  • #16,178
  • Mar 14, 2011 2:27pm Mar 14, 2011 2:27pm
Quoting pres78
Yes this thread is very fortunate to have such wonderful posters here helping all of us VSA newbies...
We are certainly very lucky to have HG with us. Not only is he very knowledgeable about WHATEVER he writes, he is a sobering influence when we sometimes lose sight of what is important to us. For the VSA newbies I cannot stress enough, just how important it is to read, re-read and read again his posts. Believe me, he could charge a lot of money for the advice he gives freely to us.
  • #16,179
  • Mar 14, 2011 2:33pm Mar 14, 2011 2:33pm
Quoting pres78
Yes this thread is very fortunate to have such wonderful posters here helping all of us VSA newbies...
It is, even for the non VSA'ers, really regret not being able to attribute here, but surely am a thankfull reader of this remarkable thread
Don't be a hero. Don't have an ego. Always question yourself
  • #16,180
  • Mar 14, 2011 2:38pm Mar 14, 2011 2:38pm
Quoting USD-Bear
It is, even for the non VSA'ers, really regret not being able to attribute here, but surely am a thankfull reader of this remarkable thread
Why hang back? Feel free to comment. Even if VSA is only an addition to your own trading method. Whats the worst that can happen?
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