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vsa with Malcolm

  • #17,421
  • Mar 25, 2011 7:11pm Mar 25, 2011 7:11pm
Quoting marcb
Anybody knows what happened to malcomb?
he does nt post anymore?
Have a good weekend all!
Vacation...
Today's zone = Tomorrow's opportunity!
  • #17,422
  • Mar 25, 2011 7:18pm Mar 25, 2011 7:18pm
Quoting marcb
Anybody knows what happened to malcomb?
he does nt post anymore?..
He took price and volume off his charts and added 4 more indicators bringing the total to 12 ( a Lucas number ).

Now he is making so much money and is too busy jet-setting the world and dating super models to post here.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,423
  • Mar 25, 2011 7:30pm Mar 25, 2011 7:30pm
Quoting HiddenGap
He took price and volume off his charts and added 4 more indicators bringing the total to 12 ( a Lucas number ).

Now he is making so much money and is too busy jet-setting the world and dating super models to post here.
I fekking knew it!!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,424
  • Edited 7:50pm Mar 25, 2011 7:36pm | Edited 7:50pm
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...
Bar 9 ND closed above the close level of your bar 8 and above that swing high just after bar 7... Plus look at the downbars that follow bar 8... the very next one is a squat bar, increased volume, less spread and then another high volume bar that barely closed lower than the squat bar and well off it's low. Look at where where the bar 2 bars after 8 closes. Above the two trigger levels from the highest volume bars to the left in the current PA... All that volume and we couldn't get back below those high volume levels.

The next bar is up closing higher than the squat and both triggers and bar 9 gets back above the close of your bar 8... no weakess here just strength.

If you weren't already long by before bar 7 you should take note that it was a wide spread high volume bar which closed right on the highest trigger... then we moved up a little more and retraced finishing with a squat bar and a narrow spread dropped off volume down bar closing right on the lower trigger... so we still have strength.

The bar 8 gap up is irrelevant as it's the move back into the triggers that really matter... by the end of that third bar we can see buyers are still there and the 4th bar being up confirms it.

The whole chart was full of SOS... no reason to go short.

Remember a ND such as bar 9 in the wrong place (i.e. strong background) is worthless.

The 3 bars between 8 and 9 are actually more important that 8 and 9 themselves as well as the retrace after bar 7 into the triggers.

Bars 3, 4 and 6 were all great long entries... bar 3 test of bar 2, 4 and 6 NS's in confirmed uptrend.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #17,425
  • Mar 25, 2011 7:48pm Mar 25, 2011 7:48pm
More to the point, where's the Doctor?
  • #17,426
  • Mar 25, 2011 7:56pm Mar 25, 2011 7:56pm
Quoting HiddenGap
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...
Missed this reply earlier. What i like to see in a bottom reversal is based mainly on the info from the 2008 symposium;

Part 1; A wide to ultra wide spread down bar into new ground
Part 2; High volume which suggests buyers
Part 3; An up bar completing the reversal with a lower low and high and close above the previous high
Part 4; Equal volume or at least higher than any of the bars preceding the wide spread down.

I think part 4 is the toughest part to pin down, too little volume and the move isn't going to be sustained, too much and there may well be sellers in there.

It's a minefield of possibilities!
  • #17,427
  • Mar 25, 2011 8:11pm Mar 25, 2011 8:11pm
Quoting KinsaleForex
...What i like to see in a bottom reversal is based mainly on the info from the 2008 symposium...!

LOL. Who said anything about a bottom reversal? I was talking about a 2 bar reversal...

I think we've proven each other's point.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,428
  • Mar 25, 2011 8:16pm Mar 25, 2011 8:16pm
Quoting pres78
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...
Based on Malc's idea to compare Friday volume to previous Friday's today's volume was lowest in 3 weeks and oddly enough the first downbar Friday since 2/25/2011...
Today's zone = Tomorrow's opportunity!
  • #17,429
  • Mar 25, 2011 8:16pm Mar 25, 2011 8:16pm
Quoting KinsaleForex
More to the point, where's the Doctor?

Hmm....... I never have seen the Doctor and Mal in the same place at the same time. And only one of them wears glasses..........
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,430
  • Mar 25, 2011 9:33pm Mar 25, 2011 9:33pm
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...

I am starting to like ES even more than EU. Your chart is even clearer on the 15 TF. Wish I had been watching this one but I hate Fridays. Many thanks.
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  • #17,431
  • Mar 25, 2011 10:33pm Mar 25, 2011 10:33pm
Quoting HiddenGap
Hmm....... I never have seen the Doctor and Mal in the same place at the same time. And only one of them wears glasses..........
Yes, but one of the two can easily pronounce "Ich bin der Post gegenüber und ich kaufe einen Kugelschreiber"
  • #17,432
  • Mar 26, 2011 2:17am Mar 26, 2011 2:17am
I was wondering if anybody has a name for the three bars in the white square.

The interval following is a gottcha type bar, which makes me think that the three bars must be something. The idea behind the gottcha bar is to lock traders in to a bad postion. Therefore it would follow that the three bar pattern was used to enduce traders to get long, which is what an Up Thrust would do for example.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,433
  • Edited 2:57am Mar 26, 2011 2:36am | Edited 2:57am
Quoting HiddenGap
I was wondering if anybody has a name for the three bars in the white square.

The interval following is a gottcha type bar, which makes me think that the three bars must be something. The idea behind the gottcha bar is to lock traders in to a bad postion. Therefore it would follow that the three bar pattern was used to enduce traders to get long, which is what an Up Thrust would do for example.
Hi HG.

Is a form of hidden selling overall plus fail effort to rise.

All 3 bars have average spread.

1st bar hardly break above it's recent high (the high of that supply bar u indicated).
2nd bar is hidden selling bar - effort to rise. (volume still relatively high but in this case is result of previous bar)
3rd bar is reversal after effort. (resultant)

And finally, The Drive down, which is the Gotcha bar - Supply overcome demand. This negate the 3rd bar with it's weak supply test like bar; fail test if you will. But In most cases reversal after effort & the drive down bar appear as one. Depending on time frame.

If the 1st bar is wide spread it would have been obviously noted as Selling Pressure.

Hidden Selling is the most cunning of them lot.

Cheers!..
  • #17,434
  • Mar 26, 2011 3:06am Mar 26, 2011 3:06am
Quoting HiddenGap
I was wondering if anybody has a name for the three bars in the white square.

The interval following is a gottcha type bar, which makes me think that the three bars must be something. The idea behind the gottcha bar is to lock traders in to a bad postion. Therefore it would follow that the three bar pattern was used to enduce traders to get long, which is what an Up Thrust would do for example.
Taking that those 3 bar specifically make up a 15min bar on the charts they are a UT over three bars confirmed by that gotcha bar that completly undoes the entire trap up move which occurred after that trigger level was printed.
Today's zone = Tomorrow's opportunity!
  • #17,435
  • Mar 26, 2011 3:15am Mar 26, 2011 3:15am
Quoting pres78
Taking that those 3 bar specifically make up a 15min bar on the charts they are a UT over three bars confirmed by that gotcha bar that completly undoes the entire trap up move which occurred after that trigger level was printed.

Exactly!.
  • #17,436
  • Mar 26, 2011 8:00am Mar 26, 2011 8:00am
Quoting HiddenGap
LOL. Who said anything about a bottom reversal? I was talking about a 2 bar reversal...

I think we've proven each other's point.
Haha, agreed!

Keep the charts coming anyway
  • #17,437
  • Mar 26, 2011 8:16am Mar 26, 2011 8:16am
Quoting HiddenGap
I was wondering if anybody has a name for the three bars in the white square.

The interval following is a gottcha type bar, which makes me think that the three bars must be something. The idea behind the gottcha bar is to lock traders in to a bad postion. Therefore it would follow that the three bar pattern was used to enduce traders to get long, which is what an Up Thrust would do for example.
3 Crows Stalled pattern.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #17,438
  • Mar 26, 2011 9:23am Mar 26, 2011 9:23am
Quoting rbumbalough
Hello friends: In Sambo's chart the 19th bar counted from the far left...
Hello rbumbalough,

first of all thank you very much.
I like your idea to use the fail test as potential zone of supply, however you do consider the 19th bar a test even if it is not a down bar and the volume isn't less than the 2 previous bar? I can understand that, this bar being a low volume bar (< to the average) and the fact that this is a doji without making a new high is kind of a test of supply.the price went down , post a lower mark than the previous and the volume didn't increase dramatically.

The 7 do close on the line , and any bar closed above this level, so this is a valid observation.
if I do understand you observation you take this gap as a absorption move of the supply level ? but I cant see any test of this supply zone ? on the 1h I do see a bottom reversal but this an odd place ? If you have few minutes could you please show where you see a test ? thanks in advance, have a great week end

Sambo
  • #17,439
  • Mar 26, 2011 9:49am Mar 26, 2011 9:49am
Quoting pres78
Bar 9 ND closed above the close level of your bar 8 and above that swing high just after bar 7...
///
Bars 3, 4 and 6 were all great long entries... bar 3 test of bar 2, 4 and 6 NS's in confirmed uptrend.
Hi pres78,

thank you so much , very nice explanation, very clear and make me feel like I do understand the principles but still need a lot of training ...

btw for the beginer like me : http://www.chartgame.com/
the folowing site is a nice way to train you chart reading

Have a great week end
  • #17,440
  • Mar 26, 2011 10:20am Mar 26, 2011 10:20am
Quoting Sambo9
Hi pres78,

thank you so much , very nice explanation, very clear and make me feel like I do understand the principles but still need a lot of training ...

btw for the beginer like me : http://www.chartgame.com/
the folowing site is a nice way to train you chart reading

Have a great week end
Oh and take a look at the bar 3 bars after bar marked 8... it has it's low right on the close of the highest volume bar on your chart (4 bars after bar marked 7)... a test of sorts with the next bar up... test passed.
Today's zone = Tomorrow's opportunity!
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