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vsa with Malcolm

  • #17,261
  • Mar 24, 2011 3:48pm Mar 24, 2011 3:48pm
Quoting pres78
I dunno... If anything I figured people would complain that I post too many charts saying they are sick of me.
No chance - I'm enjoying reading your charts and explanations
Blogging daily now at www.volume.zone
  • #17,262
  • Mar 24, 2011 4:07pm Mar 24, 2011 4:07pm
Quoting Beljevina
Fair enough. A chart in this type of forum is looked at positively I'd think, given what we do. I know I and others look forward to the good ones, like from yourself. (And of course if one is on a iPhone or something a chart is not always possible.)

And SonofSin5 mentioned lurkers ... ah yes, them ... there's usually twice as many that aren't members hangin' out here. I wonder how many actually make use of our trades?
That would be interesting to find out... I agree fully on trying to get out charts but sometimes when I am locked away in a meeting trading from my phone the only thing that keeps me sane is a little chatter on the ol VSA thread...
Today's zone = Tomorrow's opportunity!
  • #17,263
  • Mar 24, 2011 4:28pm Mar 24, 2011 4:28pm
i bet all of them are trying but who's actually making use of the trades... well... probably only a small percentage.

Quoting Beljevina
Fair enough. A chart in this type of forum is looked at positively I'd think, given what we do. I know I and others look forward to the good ones, like from yourself. (And of course if one is on a iPhone or something a chart is not always possible.)

And SonofSin5 mentioned lurkers ... ah yes, them ... there's usually twice as many that aren't members hangin' out here. I wonder how many actually make use of our trades?
Nihil Sine Deo.
  • #17,264
  • Mar 24, 2011 4:41pm Mar 24, 2011 4:41pm
Quoting Scrat
i bet all of them are trying but who's actually making use of the trades... well... probably only a small percentage.
i'd say that unless they are trading live, there is a higher percentage who would trade our discussions by demo. Live is a whole different trading world.

.....but who knows?
  • #17,265
  • Mar 24, 2011 5:14pm Mar 24, 2011 5:14pm
Quoting pres78
I dunno... If anything I figured people would complain that I post too many charts saying they are sick of me.
I might seem " lurking ", but the only reason I am not yet posting charts is that I am still in learning mode in terms of vsa.

And I am TRULY amazed by the quality of this thread.

pres78, your charts are clear, precise, and your examples of using trigger levels and subsequent tests have helped me immensely. I printed them out and keep getting back to them.

So THANK YOU very much, and I hope to contribute soon. This thread is my no 1 priority each and every day.


_________________
michael
Be like water.
  • #17,266
  • Edited 5:34pm Mar 24, 2011 5:20pm | Edited 5:34pm
So not VSA related but you just can't argue with the FIBO... I use it all the time to track daily retraces from highs and lows... but the daily chart is a great example of how I keep uptrend / downtrend in check. We have had 3 very clear legs up thus far this year and everytime the bulls have gotten tired we have simply seen a 38.2 retrace which is a very respected fibo level... That why I laugh a little when everytime when I see the word downtrend thrown out so quickly over at the EU thread everytime we retrace a few hundred pips against the 1300 pips up... or when the bear pictures come out.

The chart speaks for itself.
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Today's zone = Tomorrow's opportunity!
  • #17,267
  • Mar 24, 2011 5:33pm Mar 24, 2011 5:33pm
Quoting msmarple
I might seem " lurking ", but the only reason I am not yet posting charts is that I am still in learning mode in terms of vsa.

And I am TRULY amazed by the quality of this thread.

pres78, your charts are clear, precise, and your examples of using trigger levels and subsequent tests have helped me immensely. I printed them out and keep getting back to them.

So THANK YOU very much, and I hope to contribute soon. This thread is my no 1 priority each and every day.


_________________
michael
There is a difference in learning and lurking... don't feel you need to be fully proficient in VSA to contibute and ask questions... the only thing that the main VSA guys on here like Malc, Intel, HG, Sono, Dr G (wherever he went) ask is that one has at least done their homework... read MTM... then read their posts old and new, look at all their old charts... read MTM again and then it will start to make sense. MTM can be quite a daunting read the first time through but following along here should make it all that much more clear.

We all started new to VSA and had to learn... fortunately for us new guys we have this thread to aid in the process because once it all clicks VSA really is the only way to trade.

While others are jumping in short while SM is shaking out the market we are sitting back waiting knowing what they are really up to.
Today's zone = Tomorrow's opportunity!
  • #17,268
  • Mar 24, 2011 6:09pm Mar 24, 2011 6:09pm
Thxs, yes, I have read MTM at least 6 times, now going through older posts from the above mentioned - and trying to keep up to date....

There are some posts where I have an immediate understanding.

But then there are ways of handling the trigger levels on the 5min, which you showed recently, that go far above my understanding yet. To compare the test volume with the trigger bar and not just with the 2 previous volumes is another stepping stone.....

I come from long-term and options, the example rhumbalough showed with JPM is something I am quite familiar with.

Learning every day....


______________
michael
Be like water.
  • #17,269
  • Mar 24, 2011 6:12pm Mar 24, 2011 6:12pm
Quoting msmarple
Thxs, yes, I have read MTM at least 6 times, now going through older posts from the above mentioned - and trying to keep up to date....

There are some posts where I have an immediate understanding.

But then there are ways of handling the trigger levels on the 5min, which you showed recently, that go far above my understanding yet. To compare the test volume with the trigger bar and not just with the 2 previous volumes is another stepping stone.....

I come from long-term and options, the example rhumbalough showed with JPM is something I...
Keep in mind that I have come up with my own twist on using and trading triggers that may not jive up with the oiginal method or intention... it works for me and I hope that others may find it useful was well.
Today's zone = Tomorrow's opportunity!
  • #17,270
  • Mar 24, 2011 6:19pm Mar 24, 2011 6:19pm
Quoting pres78
While others are jumping in short while SM is shaking out the market we are sitting back waiting knowing what they are really up to.
Maybe more like, now that the market is shit scared to sell, the rejection at weekly open will keep retailers buying into their account demise...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,271
  • Mar 24, 2011 6:23pm Mar 24, 2011 6:23pm
Quoting Magix
Maybe more like, now that the market is shit scared to sell, the rejection at weekly open will keep retailers buying into their account demise...
I was giving a VSA related example and was not speaking of any present chart or trade... not sure I follow what you are saying?

I will buy or sell if the set-up is there no matter where we are headed long term...
Today's zone = Tomorrow's opportunity!
  • #17,272
  • Edited 6:37pm Mar 24, 2011 6:35pm | Edited 6:37pm
Quoting Sonofsin5
Ok so lets think about some things for a minute.

1. Would all large money players know that Portugal was going to be downgraded?
Yes
2. Does large money use news to panic the herd and sway their pockets to a certain mindset?
Yes
3. Do we have signs of strength in higher time-frame backgrounds?
Yes.
4. Are we sitting near an old top or resistance level that would need an incredible amount of strength(money collected prior to thrust) to break.
Yes ..4280

I will be waiting in the weeds for tells that we are going higher.

Think like...
Very interesting day today and yesterday, and very significant that it was on a Thursday.


What happened today was not coincidence nor was it not planned by large money (Banks and Hedge funds). Yesterday we made an attempt to break 4050 and was rejected immediately. When I see a rejection of a important psychological number like a 50 level I like to see two things, First how many attempts and second whats volume afterwards. Notice my 30 min chart. Price made only 1 attempt (important) and did not even try to test a second time on the larger time frames (Did on smaller). What does this tell me? Somebody protected that level and had enough influence to back off the entire market from making multiple attempts to break it on larger time frames, not only that, buying was relentless for 50-60 pips up until it cooled off. Who do you think has enough power to do that to a market?

Today we had an impressive run to .4200 on high volume. The market as we know does not like ultra high volume up bars but this does not mean that in every Case it is selling. Bar 1 on my chart shows the high volume, Bar 2 then shows a typical stop hunt at the 20 level taking out all short who were banking on a rapid decline. What was the news today? Portugal downgraded and other negative burps on the euro. The ultra high volume trigger bar to the left shows where the market has stalled and as I right we have dropped some more.

So for me I want to see 2 things, First a market fall and a test of the point of lift off around 4140. Second a rise and a re-fall to print a ns. I want to see this on the 5 or 15 in time frame. MY prediction is if we see these two principles we will take a run at 4280 tomorrow. Take a quick cruise around forums and blog posts and notice the mantra, Its all euro negative.Smart and large money has given themselves a perfect opp to launch the market on a Friday trapping traders short over the weekend and encouraging them to take losses pre market close tomorrow all the while lining there pockets with their cash.

As a write this another down grade on debt. This is my own analysis and of course should be taken with a grain of salt, or pepper if you prefer. And you can call me crazy.
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  • #17,273
  • Mar 24, 2011 6:37pm Mar 24, 2011 6:37pm
Hello friends: I did this trade in my Options Express Demo Account. The SI contract has an initial margin of about $12K and a continuing margin of $11K. Its too rich for me. (BTW, Kudos to the big boys and girls who play in that sandbox.)

I set my demo buy stop at $37.14; I got long on the break up/out. I was looking for a buck and got it. Chart from MT4 E-Global micro/nanno account attached.

The high volume/TA squat up-shooting star top most bar was followed by a failed test. I didn't have the DOM on at the time, but the rate at which price was down ticking told me profit taking was in order because rapid price changes only happen when depth of market is stacked to one side. The SI isn't called a "Widow Maker" for nothing.

Best Wishes for big Profits.
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  • #17,274
  • Mar 24, 2011 6:40pm Mar 24, 2011 6:40pm
Quoting Sonofsin5
Very interesting day today and yesterday, and very significant that it was on a Thursday.


What happened today was not coincidence nor was it not planned by large money (Banks and Hedge funds). Yesterday we made an attempt to break 4050 and was rejected immediately. When I see a rejection of a important psychological number like a 50 level I like to see two things, First how many attempts and second whats volume afterwards. Notice my 30 min chart. Price made only 1 attempt (important) and did not even try to test a second time on the larger time...
Your crazy... you forgot the Frank's Red Hot...
Today's zone = Tomorrow's opportunity!
  • #17,275
  • Mar 24, 2011 6:40pm Mar 24, 2011 6:40pm
A post like this worth 10 pages...real nice...

Quoting pres78
So not VSA related but you just can't argue with the FIBO... I use it all the time to track daily retraces from highs and lows... but the daily chart is a great example of how I keep uptrend / downtrend in check. We have had 3 very clear legs up thus far this year and everytime the bulls have gotten tired we have simply seen a 38.2 retrace which is a very respected fibo level... That why I laugh a little when everytime when I see the word downtrend thrown out so quickly over at the EU thread everytime we retrace a few hundred pips against the 1300...
  • #17,276
  • Mar 24, 2011 6:41pm Mar 24, 2011 6:41pm
Quoting pres78
I was giving a VSA related example and was not speaking of any present chart or trade... not sure I follow what you are saying?

I will buy or sell if the set-up is there no matter where we are headed long term...
O
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,277
  • Mar 24, 2011 6:42pm Mar 24, 2011 6:42pm
Quoting Fusion
A post like this worth 10 pages...real nice...
Again not VSA related but I use Fibo's heavily as an add on to my VSA as a way to track movements. Many will argue that Fibo's are BS but time and time again SM respect their levels.
Today's zone = Tomorrow's opportunity!
  • #17,278
  • Mar 24, 2011 6:47pm Mar 24, 2011 6:47pm
I have been using EMA compression for a couple of years know and it works amazingly along with VSA on higher TFs ...

Quoting pres78
Again not VSA related but I use Fibo's heavily as an add on to my VSA as a way to track movements. Many will argue that Fibo's are BS but time and time again SM respect their levels.
  • #17,279
  • Mar 24, 2011 6:57pm Mar 24, 2011 6:57pm
Quoting Sonofsin5
2 things, First a market fall and a test of the point of lift off around 4140. Second a rise and a re-fall to print a ns. I want to see this on the 5 or 15 in time frame.
It looks like there was 1 test already, which failed. Am I looking at the right indicator as you were referring to?
  • #17,280
  • Mar 24, 2011 7:38pm Mar 24, 2011 7:38pm
Quoting PipPipPip
It looks like there was 1 test already, which failed. Am I looking at the right indicator as you were referring to?
Can you post a chart, i'm not via my main machine.
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