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vsa with Malcolm

  • #17,401
  • Mar 25, 2011 12:44pm Mar 25, 2011 12:44pm
Quoting Magix
Now that Brother Mal ain't around, maybe I can sneak a chart with EMA's on it... Buwahahahahaha.... I was short side and waited for the touch...took a double lot on anticipation and hammered a couple quickes for extra measures...
Interesting how it's right at the DPP, and 20 pips south of a POC & day's open ... one just has to line up the signs, and go with the odds it seems!

Maybe I should splash it up on my chart ... naawww, I'll wait for hell to freeze over, and then make like The Eagles with the Hell Freezes Over album, lol!
  • #17,402
  • Edited 4:05pm Mar 25, 2011 12:47pm | Edited 4:05pm
Quoting HiddenGap
...I missed this trade because I was waiting for something to happen after the 2 Bar Reversal....

1. Wide spread down bar on increasing volume that closes on or near its low.
2. Wide spread up bar that does not make a lower low than the first bar, closes higher than the close and the high of the first bar and closes on or near its high.
Fool me once, shame on you.
Fool me twice, shame on me.

Does this chart remind you of anything?

Well of course it should remind you of my last post. But it should also remind you of a recent post regarding price action. The second bar of this 2 Bar Reversal has a close that is higher than the previous three down closes. In fact, it is the highest close since the Trigger Number appeared on the Ultra High Volume.

Don't get me wrong, this is not a boast or a brag. If anything it's a testament to the power of this thread. I post primarily to help myself learn. That others find value in my posts is an added and humbling bonus.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,403
  • Mar 25, 2011 12:47pm Mar 25, 2011 12:47pm
Quoting Beljevina
Hmm ... I wasn't actually trying to pat myself on the back, as much as I was 1) expressing surprise we reached the lower end of the week's price action and 2) expressed remorse, and criticism of missed entries, and opening up some learning opportunities by documenting some journal entries. I'd done that a couple of times over this week. I look to examples like HiddenGap and others having done similar - none of us are infallible and yes, the market will have the final word.

I fail plenty of trades, and the above were kind of in that league. (ie.,...
My apologies.
  • #17,404
  • Mar 25, 2011 12:50pm Mar 25, 2011 12:50pm
Quoting leonarrdo
My apologies.
No problem at all ... welcome here BTW, and hope to have your input ... and charts!
  • #17,405
  • Mar 25, 2011 12:55pm Mar 25, 2011 12:55pm
Quoting HiddenGap
Fool me once, shame on you.
Fool me twice, shame on me.

Does this chart remind you of anything?

Well of course it should remind you of my last post. But it should also remind you of a recent post regarding price action. The second bar of this 2 Bar Reversal has a close that is higher than the previous three down closes. In fact, it is the highest close since the Trigger Number appeared on the Ultra High Volume.

Don't get me wrong, this is not a boast or a brag. If anything it's a testament to the power of this thread. I post primarily to help...
Yes 2 bar reversals have been a great point of interest to me over the last while. I am trying to determine whether they are better with or without the second bar making a lower low or higher high than the 1st bar. I have been reading up on hidden test 2 bar bottom reversal for example where the second bar actually makes a lower low as a test so to speak before finishing as a higher volume upbar completing the pattern...

I have noticed that when they happen at a trigger level like you showed they are a very successful set-up.
Today's zone = Tomorrow's opportunity!
  • #17,406
  • Mar 25, 2011 12:55pm Mar 25, 2011 12:55pm
Quoting Beljevina
Interesting how it's right at the DPP, and 20 pips south of a POC & day's open ... one just has to line up the signs, and go with the odds it seems!

Maybe I should splash it up on my chart ... naawww, I'll wait for hell to freeze over, and then make like The Eagles with the Hell Freezes Over album, lol!
Pretty much what I did Bel...

Yesterdays longs, pretty much the same...price above the short line and triggers on trend....was worth the risk...

Yesterday...

1. Pin Bar, test off EMA
2. Trigger on trend created
3. Buy range.

I was taking this off the 5m charts yesterday, but looks pretty much the same.

Today, was exact opposite, but same play, dip below, retest resistance, rejection and drop....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,407
  • Mar 25, 2011 1:03pm Mar 25, 2011 1:03pm
Quoting leonarrdo
Thank you for you’re suggestion.
You know what I appologize for my comments about poker as, well that's just not me. I am worried though that you feel that the only way a trade is successful is with luck or chance. If you are going to trade successfully you need to trust in your set-ups and trade plan 100%...

If your trade succedes then you were right in your analysis... if your trade fails then you were wrong. Now dont get me wrong you can take what appears to be a great set-up and then have something unexpected happen out in the world which suddenly changes the sentiment and path of price action without warning but this is a rare occurance.

For the most part SM know whats happening before or as it's happening and manipulate price to suit and to trap as many of us as they can along the way... thats where VSA comes in...

By using VSA it allows us to find the lowest risk set-ups with the highest chance of success.

Trade the set-ups as they happen when they match the background and leave chance at the door.
Today's zone = Tomorrow's opportunity!
  • #17,408
  • Mar 25, 2011 1:36pm Mar 25, 2011 1:36pm
Quoting pres78
Yes 2 bar reversals have been a great point of interest to me over the last while. I am trying to determine whether they are better with or without the second bar making a lower low or higher high than the 1st bar. I have been reading up on hidden test 2 bar bottom reversal for example where the second bar actually makes a lower low as a test so to speak before finishing as a higher volume upbar completing the pattern...

I have noticed that when they happen at a trigger level like you showed they are a very successful set-up.
I'm not sure what to make of bottom/top reversals myself. I've seen them fail many times. At least, i thought they failed, it may well have been the early days of me learning VSA and thinking I saw them. Nonetheless I still like to see a test or no supply after a bottom reversal, it's that extra little bit of confirmation.

In my opinion there are too many variables, for example should the tail of the second bar dip below the low of the previous bar? And should the high and close be above the high of the previous bar? Not to mention the amount of volume that each bar should have.

Whether or not these factors are important we can often see a down bar followed by an up bar of similar spread, this is still a reversal of sorts.

I'll definitely be interested in the progress you get with triggers and bottom/top reversals, i'll keep an eye for some examples myself.
  • #17,409
  • Mar 25, 2011 2:00pm Mar 25, 2011 2:00pm
Quoting KinsaleForex
...In my opinion there are too many variables, for example should the tail of the second bar dip below the low of the previous bar? And should the high and close be above the high of the previous bar? Not to mention the amount of volume that each bar should have. ....
You hit the nail on the head.

There are too many types of 2 bar relationships that we could call a 2 Bar reversal. You will note that I speak about a 2 Bar Reversal and a 2 Bar Inversion.

For the 2 Bar Reversal, I like the second bar to have increasing volume. I like it to not make a lower low, close higher than the close and the high of the first bar and close on or near its high.

Volume on the first bar is tricky. If it is low then you have either a No Supply type bar or a No Selling Pressure bar. Either would be good to see just prior to a reversal. On the other hand, volume can be high showing a "rejection" happened.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,410
  • Mar 25, 2011 2:11pm Mar 25, 2011 2:11pm
Quoting HiddenGap
Fool me once, shame on you.
Fool me twice, shame on me.

Does this chart remind you of anything?

Well of course it should remind you of my last post. But it should also remind you of a recent post regarding price action. The second bar of this 2 Bar Reversal has a close that is higher than the previous three down closes. In fact, it is the highest close since the Trigger Number appeared on the Ultra High Volume.

Don't get me wrong, this is not a boast or a brag. If anything it's a testament to the power of this thread. I post primarily...
Hello HG: What does the bar marked KRB mean?


Many Thanks and Best Wishes for Big Profits
  • #17,411
  • Mar 25, 2011 2:19pm Mar 25, 2011 2:19pm
Quoting pres78
You know what I appologize for my comments about poker as, well that's just not me. I am worried though that you feel that the only way a trade is successful is with luck or chance. If you are going to trade successfully you need to trust in your set-ups and trade plan 100%...

.
No problem, and don’t be concerned: have a nice weekend, see you Sunday.
  • #17,412
  • Mar 25, 2011 2:24pm Mar 25, 2011 2:24pm
Quoting rbumbalough
Hello HG: What does the bar marked KRB mean?..
Key Reversal Bar.

It's a reversal bar based on price action and not VSA. Although, I would say the one on that chart is in fact a Hidden Test in VSA terms.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,413
  • Mar 25, 2011 2:25pm Mar 25, 2011 2:25pm
Nice little quickie this late in the game off a volume surge at daily lows...

5m trigger short...1m Volume trigger long...

Heh...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,414
  • Mar 25, 2011 3:03pm Mar 25, 2011 3:03pm
Quoting Magix
Nice little quickie this late in the game off a volume surge at daily lows...

5m trigger short...1m Volume trigger long...

Heh...
Close enough for me...

Cashed out!

Have a great weekend Y'all...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,415
  • Mar 25, 2011 3:12pm Mar 25, 2011 3:12pm
Quoting HiddenGap
Key Reversal Bar.

It's a reversal bar based on price action and not VSA. Although, I would say the one on that chart is in fact a Hidden Test in VSA terms.
Thank you. I appreciate you for sharing your knowledge and expertise. Have a great weekend.
  • #17,416
  • Mar 25, 2011 3:51pm Mar 25, 2011 3:51pm
Quoting pres78
You know what I appologize for my comments about poker as, well that's just not me. I am worried though that you feel that the only way a trade is successful is with luck or chance. If you are going to trade successfully you need to trust in your set-ups and trade plan 100%...

If your trade succedes then you were right in your analysis... if your trade fails then you were wrong. Now dont get me wrong you can take what appears to be a great set-up and then have something unexpected happen out in the world which suddenly changes the sentiment...
Hello Friends: I found Jesse Livermore's book "How To Trade In Stocks" very useful and helpful as well as interesting. The pdf is too big to upload to FF, so here is a link to my Google docs page.

http://tinyurl.com/499s54y

Best Wishes for Big Profits.
  • #17,417
  • Mar 25, 2011 5:06pm Mar 25, 2011 5:06pm
Quoting Mtm
my 2-cents:

The 2nd bar after "7" is a squatbar - potential selling
but no reason for to go short from the following bars.

"8" looks like a not much buying pressure bar, if u compare its vol and spread to the 2nd bear-candle after your "7". since its vol is not ultra high, i would not think it contained selling in this bar. furthermore, looking to its left, i don't see any resistence level. Hence, there is no reason for me to want to short here at all..

it's just what i think,.. but i could be wrmong, so it would be good if someone...
there is no small saving so I ll take your 2 cents

thx for the feed back, I think you are right the volume was not ulta high, the 1300 level messed up my thinking .... you need to see ultra high volume to stop that kind of move
  • #17,418
  • Mar 25, 2011 5:49pm Mar 25, 2011 5:49pm
So I don't know what everyone else had for volume today but I had a the lowest volume in 3 days on this downmove, we didn't make a lower low and we had the lowest range in the last 3 days also... plus once again we hit 38.2 retrace and closed above it keeping leg three still well intact.

Also looking at weekly since this year started we started with a wide spread downbar on what is now the 4th lowest volume of the year, we has a 2 bar reversal off the next bar... we moved up had those three probe weekly bars into that area of previous heavy supply with a drop off in volume on the third week... Up for three weeks on above average but dropping off volume, a NS, then an increased volume upbar closing on it's high and well anthoer drop off in volume this week and a major drop off in range...

Not much selling pressure today... let's see what next week brings.
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Today's zone = Tomorrow's opportunity!
  • #17,419
  • Mar 25, 2011 6:41pm Mar 25, 2011 6:41pm
Quoting Sambo9
Hi everyone ,

Some feed back would be very much appreciated,

what did I get wrong ? I'm new to this type of analysis
folowing trade explaination for the ES trade I took yesterday


1 : Bottom Reversal after gap down, vol<on the 2nd bar = strength
2: Shake out, Very high vol
3: the two previous bar a potential weak but this a test = strength
4: test after few weak bar, the trend is up now
5: upthrust after high vol up bar
6: test the weakness of 5 = strength
7: high vol wide spread up bar, potential weak , but following bar are up, we are...
Hello friends: In Sambo's chart the 19th bar counted from the far left towards the right is a test that fails at the price where bar 7 tops. The hidden upthrust just to the right of the 19th bar is a supply pricing range. ES moved up from 7 on decreasing volume into a squat compression bar and then down on moderate volume. The subsequent gap up jumps the boy scout over the creek for a higher time frame test of prior supply turned demand. The key, I think, is at the 19th bar test failure price acting as sort of a springboard. This is simplistic; I know. Nevertheless my anecdotal observation is that potential springboard lines extend rightward from test bar closes whether successful or failed.

Best Regards for Success to the Readers.
  • #17,420
  • Mar 25, 2011 6:50pm Mar 25, 2011 6:50pm
Anybody knows what happened to malcomb?
he does nt post anymore?
Have a good weekend all!
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