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vsa with Malcolm

  • #16,961
  • Edited 4:31am Mar 22, 2011 4:18am | Edited 4:31am
Quoting HiddenGap
A squat is a narrow range (narrower than the previous ) bar on increasing volume (more volume than the previous interval).

As VSA trained traders, we know that the more volume the better, but the basic definition just states that the volume be increasing. In fact, the End Of a Rising Market is a squat where the volume is Ultra High and into new fresh ground......
Hi HG,
so unless we do a bar-by-bar analysis, we would not likely have spot the squat there,... these kind of squat are difficult to spot when the vol is not UH / significant.

When you mentioned "previous interval", do you mean the bar that appears just before the squat?

or do you mean its vol and range can even be compared to bars which appeared a few bars back?
======================================
I have a chart taken from the EU 2010 history.
I have some views on the bars pls advise if i am right or no on the following...

I am thinking:

Bar A - is a trigger bar
The 2nd and 3rd bar after Bar A are both NDs, but we dun short this coz we are waiting for further weakness to appear

Bar B - is the potential weakness we are waiting for. It is a squat bar,
Its spread: although does not seem lesser than its previous bar, is still lesser than trigger bar A
Its vol: is higher than the trigger bar A
Its close: although did not close low in the range, it still closed lower than close of trigger bar A. Hence, may need further confirmation to short

Bar C- is a ND. it's the confirmation we are waiting for, short this bar on break of low.

Bar D - is a trigger bar

Bar E - is a squat.
Its spread: is narrower than its previous 2 bars, which includes trigger bar D
Its vol: although not higher than trigger bar D, is still higher than its previous bar
Its close: is high in the range and higher than the close of trigger bar D. Hence, chance to long on break of high

pls give your comments, thanks!
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  • #16,962
  • Mar 22, 2011 4:32am Mar 22, 2011 4:32am
Looking at the attached daily chart we can see that those days 1.4280 was reached we had much higher volume than now. To me - please correct me if wrong - this shows weakness.
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  • #16,963
  • Mar 22, 2011 4:35am Mar 22, 2011 4:35am
Quoting Oxford
Looking at the attached daily chart we can see that those days 1.4280 was reached we had much higher volume than now. To me - please correct me if wrong - this shows weakness.
Yes, I saw that too, but could be low volume because there is no sellers.
Like friday, long candle with low volume.
We will see.
  • #16,964
  • Mar 22, 2011 4:41am Mar 22, 2011 4:41am
Quoting Oxford
Looking at the attached daily chart we can see that those days 1.4280 was reached we had much higher volume than now. To me - please correct me if wrong - this shows weakness.
ya dude...if we compare with the left then its a weakness...also if u look at yesterday volume then its too low...low volume means professional r not interested in up.

now lets see.
  • #16,965
  • Mar 22, 2011 4:49am Mar 22, 2011 4:49am
Quoting juhanimi
Yes, I saw that too, but could be low volume because there is no sellers.
Like friday, long candle with low volume.
We will see.
dude with respect i am not agree with u abt friday...volume is normal on friday ..volume is less then the thursday but its not too low...


Thanks
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  • #16,966
  • Mar 22, 2011 4:56am Mar 22, 2011 4:56am
Quoting AcidH4X
dude with respect i am not agree with u abt friday...volume is normal on friday ..volume is less then the thursday but its not too low...


Thanks
I have different volume in four different platform and all are showing that friday was lowest in four days.
Anyways, I think it must have reaction down, because that last reaction from that level was so strong.
  • #16,967
  • Mar 22, 2011 5:27am Mar 22, 2011 5:27am
Sitting in my new trading office ....under a shade umbrella on beach in Abu dhabi with Mac in one hand drink with an umbrella in it in the other saw your post.

The trick with Fridays is always compare them against other Fridays . If you notice vol is lower then maybe we are seeing a no demand . But as per the mistake I made last week look for further weakness to confirm the no demand . My head was not in the market last week mire into drinking and driving fast cars with steve .


Watch for signs strength today as eu is hovering right under that resistance level on the weekly charts and if they want to break it up it would be an ideal day with Asian markets and London markets up


Quoting juhanimi
I have different volume in four different platform and all are showing that friday was lowest in four days.
Anyways, I think it must have reaction down, because that last reaction from that level was so strong.
Blogging daily now at www.volume.zone
  • #16,968
  • Mar 22, 2011 5:34am Mar 22, 2011 5:34am
we just (1020 GMT) printed a very nice test!
  • #16,969
  • Mar 22, 2011 5:43am Mar 22, 2011 5:43am
Quoting Oxford
we just (1020 GMT) printed a very nice test!
indeed, and i took it! about time i got something right

need it to break 4250 though, then i can TP before 4280 cos i think itll dip there, even if its temporary im not gonna risk handing back all my pips if it plummets from 4280. if it makes it above 4280 and has a successful test would be good for long again then.
  • #16,970
  • Mar 22, 2011 5:48am Mar 22, 2011 5:48am
Quoting Oxford
we just (1020 GMT) printed a very nice test!
Right on the trigger too, I completely missed it!
  • #16,971
  • Mar 22, 2011 5:48am Mar 22, 2011 5:48am
Quoting malcolmb14
Sitting in my new trading office ....under a shade umbrella on beach in Abu dhabi with Mac in one hand drink with an umbrella in it in the other saw your post.

The trick with Fridays is always compare them against other Fridays . If you notice vol is lower then maybe we are seeing a no demand . But as per the mistake I made last week look for further weakness to confirm the no demand . My head was not in the market last week mire into drinking and driving fast cars with steve .


Watch for signs strength today as eu is hovering right under...

Nice office you have, but be careful that they dont start war there like almost in every other arab country in these days. There was some problems I think, because they did not have Formula 1 race there this month.

Have a good holiday and dont drink too much.
  • #16,972
  • Mar 22, 2011 6:02am Mar 22, 2011 6:02am
Quoting ewokuk
indeed, and i took it! about time i got something right

need it to break 4250 though, then i can TP before 4280 cos i think itll dip there, even if its temporary im not gonna risk handing back all my pips if it plummets from 4280. if it makes it above 4280 and has a successful test would be good for long again then.
Great entry! Let see if we get out of 4250 first, as it's struggling.
  • #16,973
  • Mar 22, 2011 6:05am Mar 22, 2011 6:05am
i think this is the power of VSA. It cannot be wrong because it's not an indicator, it's a book ful of answers and our only task is to get the right questions. In my very little experience I tend to consider VSA as an indi: signal=action. In VSA we have no signals. We have answers we need to analyse deeply. We can see an upmove on a aily chart with low volume. VSA does not say that is weakness. It says "ok, that's a point you have to pose a question to yourself". And you might find out that all the big move in that day was concentrated within 2/3 hours, while all the other 21/22 hours were quite flat. And you ask yourself "is streangth still intact? Or was all the flatness a call for something else?" an start to investigate in order to find the righ answers (that will be there indeed) to your questions.

I think this is the difference between Mal, Intel, HG, Doc....an myself. We all have the right answer (it's printed there) but they (almost) always have the right question.

just my 0,1 cents




Quoting malcolmb14
Sitting in my new trading office ....under a shade umbrella on beach in Abu dhabi with Mac in one hand drink with an umbrella in it in the other saw your post.

The trick with Fridays is always compare them against other Fridays . If you notice vol is lower then maybe we are seeing a no demand . But as per the mistake I made last week look for further weakness to confirm the no demand . My head was not in the market last week mire into drinking and driving fast cars with steve .


Watch for signs strength today as eu is hovering right under...
  • #16,974
  • Mar 22, 2011 6:36am Mar 22, 2011 6:36am
What is the right question .... Right now laying on beach with some eye candy in front of me it would be ... Would you prefer the blond or the brunette

Lol

Quoting amletit
i think this is the power of VSA. It cannot be wrong because it's not an indicator, it's a book ful of answers and our only task is to get the right questions. In my very little experience I tend to consider VSA as an indi: signal=action. In VSA we have no signals. We have answers we need to analyse deeply. We can see an upmove on a aily chart with low volume. VSA does not say that is weakness. It says "ok, that's a point you have to pose a question to yourself". And you might find out that all the big move in that day was concentrated within...
Blogging daily now at www.volume.zone
  • #16,975
  • Mar 22, 2011 6:38am Mar 22, 2011 6:38am
Quoting malcolmb14
What is the right question .... Right now laying on beach with some eye candy in front of me it would be ... Would you prefer the blond or the brunette

Lol
Well you are the teacher, you should know....let the MARKET tell you

LOOL
  • #16,976
  • Mar 22, 2011 6:56am Mar 22, 2011 6:56am
Quoting malcolmb14
What is the right question .... Right now laying on beach with some eye candy in front of me it would be ... Would you prefer the blond or the brunette

Lol
...or double the fun
  • #16,977
  • Mar 22, 2011 7:03am Mar 22, 2011 7:03am
Quoting malcolmb14
What is the right question .... Right now laying on beach with some eye candy in front of me it would be ... Would you prefer the blond or the brunette

Lol
http://i16.photobucket.com/albums/b7...ithoutPics.gif
Blogging daily now at www.volume.zone
  • #16,978
  • Mar 22, 2011 7:06am Mar 22, 2011 7:06am
Quoting Steve Gill
http://i16.photobucket.com/albums/b7...ithoutPics.gif
Yeah that Mac of yours has a pretty decent camera on it!
  • #16,979
  • Mar 22, 2011 7:19am Mar 22, 2011 7:19am
Quoting pres78
So GU looks like SM may be poisitioning it to either go down off "bad" news in 4hrs, or for a SO into 6260 off "mixed" data which is what is being forcasted. So far we have had 5 - 15min bars all making the same daily high. The last 2 bars that make this high were a ND and a squat before a 2 bar reversal that dropped price down 25 or so pips before finding support at 6290 which provided some resistance on the way up yesterday. 3 bars ago we had a wider range upbar in comparison but it was on not great volume... (both recent upbars have been...
So this never got into the 6260 level for a long entry as I was hoping for but GU still offer up some nice long entries spanning the 1hr before into 1hr after LO.

At the this time we were above the DPP, daily open and the developing POC

Trade set-up 1 includes;

1. Yellow line #1 at 6313 is a trigger line made at what was the current daily high which had been hit many times so far today. It is not a high volume trigger per say but it had become a level of interest. 1hr before LO we were again approaching this level.
2. Red line #1 is a low volume test of this trigger level

Entry at 6314, SL at swing low / daily open around 6300

Trade set-up 2 includes;

1. Yellow line #2 at 6323 is a trigger line made at the high of the highest volume bar we have seen in some time and the highest volume bar in the current price area
2. Red line #2 and # 3 this is a 2 bar reversal off trigger level 1 at 6313 and gives us our next possible trigger. Based on this being right off that old daily high one could safely enter another long off this bars high

Entry at 6323, SL at swing low / daily open around 6300 (or since 6313 trigger was just tested over 2 bars we could most likely place our SL safely at this level)

Trade set-up 3 includes;

1. Yellow line #2 at 6323 is a trigger line made at the high of the highest volume bar we have seen in some time and the highest volume bar in the current price area
2. Red line #4 is a hidden test of trigger level 2 at 6323

Oh and as a point of interest we had a higher volume pin bar probe up and close right on this 6323 trigger before the hidden test is printed. Further confirmation of this trigger level.

Entry at 6330, SL at first trigger since 6313 was just tested over 2 bars and passed


Trade set-up 4 includes;

1. Yellow line #3 at 6336 is a trigger line made at the high of the highest volume bar we have seen in some time and the highest volume bar in the current price area
2. Red line #5 is the bar making this trigger

Since it closed well off it's low and the next bar was up I am now looking for a test of this trigge to go long

3. Red line # 6 is an even higher volume downbar moving into the trigger but closing above. Squat bar, all that effort and the trigger held up, entry at high of this bar

Entry at 6344, SL at last trigger since 6323 (however since we tested 6336 trigger with a high volume squat bar we could also use the squat bars low as the SL)
Attached Image
Today's zone = Tomorrow's opportunity!
  • #16,980
  • Mar 22, 2011 7:41am Mar 22, 2011 7:41am
Quoting pres78
So this never got into the 6260 level for a long entry as I was hoping for but GU still offer up some nice long entries spanning the 1hr before into 1hr after LO.

At the this time we were above the DPP, daily open and the developing POC

Trade set-up 1 includes;

1....

hi Pres.. thanks for Prez R&V indi... it very useful

and i got an idea to have a different color when range/vol increase/decrease/equal...

cheers,
bandung
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