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vsa with Malcolm

  • #17,901
  • Mar 31, 2011 11:56am Mar 31, 2011 11:56am
Hello Guys ,

I ve a question,

To declare a test successful, what are you looking for ?

After I see a test, I'm waiting for the next bar to close above the high of the test , and I think it will be good to see increasing volume. If the test , is testing the fact that there is no supply, I suppose that you want the next bar with increasing volume . However, most of the time this volume check invalidate a lot of test and a lot of time I miss the move.

I would be very grateful to have some opinions.

thks
Sambo
  • #17,902
  • Mar 31, 2011 11:58am Mar 31, 2011 11:58am
Quoting eleron
Excuse me for my english,Did not mean to offend you.Your opinion is important for me
Wasn't sure if that smiley face guy bowing was a sarcastic shot at me... No harm done then...
Today's zone = Tomorrow's opportunity!
  • #17,903
  • Mar 31, 2011 1:09pm Mar 31, 2011 1:09pm
AUDJPY seems weak.
What do gurus think of the chart?

Regards,
Attached Image (click to enlarge)
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  • #17,904
  • Mar 31, 2011 1:28pm Mar 31, 2011 1:28pm
Quoting ivonivon
AUDJPY seems weak.
What do gurus think of the chart?

Regards,
Look two bars to the right of your bar labeled weak.
  • #17,905
  • Mar 31, 2011 2:00pm Mar 31, 2011 2:00pm
Man does that daily bar on GU thus far just reek of indecision...
Today's zone = Tomorrow's opportunity!
  • #17,906
  • Mar 31, 2011 2:11pm Mar 31, 2011 2:11pm
For those trading stocks, look at UNG on the NYSE.
  • #17,907
  • Mar 31, 2011 2:14pm Mar 31, 2011 2:14pm
Quoting Sambo9
..To declare a test successful, what are you looking for ? ...
The basic definition of a successful test is that the next interval closes higher than the close of the test bar.

Todd K. says it is a successful test if the next interval or the one after that (2 intervals later) is higher than the close of the test.

I use the basic definition, but what I like to see is a mix of both.

I like for the next interval to close higher than the close of the test bar and not make a lower low than the test bar on increasing volume. If the next interval is equal, then I like to see the proceeding interval close higher than the test and for neither of the two intervals after the test to have made a low lower than the low of the test.

**Note that the basic definition does not include increasing volume. Decreasing volume on the next interval would, however, mean at best a lack of BB activity, and at worst, no interest in higher prices.**
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,908
  • Mar 31, 2011 2:27pm Mar 31, 2011 2:27pm
Quoting Sonofsin5
For those trading stocks, look at UNG on the NYSE.
nice one. thnx :-)
  • #17,909
  • Mar 31, 2011 2:37pm Mar 31, 2011 2:37pm
Quoting HiddenGap
The basic definition of a successful test is that the next interval closes higher than the close of the test bar.

Todd K. says it is a successful test if the next interval or the one after that (2 intervals later) is higher than the close of the test.

I use the basic definition, but what I like to see is a mix of both.

I like for the next interval to close higher than the close of the test bar and not make a lower low than the test bar on increasing volume. If the next interval is equal, then I like to see the proceeding interval close...
Funny how things work.

Take a look at the chart below.

The first Test is your basic with the next bar being up on increasing volume.

Test 2 has an equal close on the next interval with the interval after that being up. Notice that neither of the two proceeding intervals makes a lower low than the test bar.

Notice that the second interval which confirms the test as successful has decreasing volume (No Demand). This is really a Polar Bear in Hawaii and the next bar falls but demand swamps supply as the bar is narrow with increasing volume-a squat.
Attached Image (click to enlarge)
Click to Enlarge Name: ex1.png Size: 124 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #17,910
  • Mar 31, 2011 4:20pm Mar 31, 2011 4:20pm
Let's see if EU has found support at 4150... on the 15min chart after the wide spread down bar we had a squat, a no selling pressure, squat and a NS...
Today's zone = Tomorrow's opportunity!
  • #17,911
  • Mar 31, 2011 4:35pm Mar 31, 2011 4:35pm
Would you give me a definition of a squat bar, plz?
  • #17,912
  • Mar 31, 2011 5:03pm Mar 31, 2011 5:03pm
Quoting pres78
Let's see if EU has found support at 4150... on the 15min chart after the wide spread down bar we had a squat, a no selling pressure, squat and a NS...
Looking at the 15 min chart we have a trigger level now at 4180, so no longs for me until it passes here and tests it. I might add its amazing how these trigger levels work, I've never been so confident about my trades since i learnt to look for vsa setups at these levels.
  • #17,913
  • Mar 31, 2011 5:09pm Mar 31, 2011 5:09pm
Quoting BrickLayer
Would you give me a definition of a squat bar, plz?
Narrower spread but higher volume than the previous bar and in the same direction (i.e. both downbars). Not a direct VSA term but used by many on here in their analysis and to start watching for a possible trend ending.
Today's zone = Tomorrow's opportunity!
  • #17,914
  • Mar 31, 2011 5:11pm Mar 31, 2011 5:11pm
Quoting NaughtyPip
Looking at the 15 min chart we have a trigger level now at 4180, so no longs for me until it passes here and tests it. I might add its amazing how these trigger levels work, I've never been so confident about my trades since i learnt to look for vsa setups at these levels.
Yes trading VSA set-ups at high volume trigger levels is quite amazing how consistantly they occur and how accurate the entries are.
Today's zone = Tomorrow's opportunity!
  • #17,915
  • Mar 31, 2011 5:36pm Mar 31, 2011 5:36pm
Quoting HiddenGap
Funny how things work.

Todd K. says it is a successful test if the next interval or the one after that (2 intervals later) is higher than the close of the test..
Thank you very much for the reply Hidden Gap, I appreciate it
I like you post, always very interesting and it is nice that you take time to share with others

I would like to know how do you use the squat bar? I read in one of you older post that you describe it as a narrower bar ( than the previous one ) with increasing volume, I thought that you use it as an early signal for trend exhaustion.
For example, following an up bar , you see another up bar, narrow with increasing volume , so you start to be careful.

But in you example , I do see the features of a squat bar , but no previous bar in the same direction , do you read this as weakness? , because for more volume , less downside movement ?
If the spread was wider than the previous bar , would you have read it as "effort to fall" with bearish implication( no background involve here ) ?

Also If you could tell me more about herd bar ? ( can't find a definition in the older post )

I know a lot of question
have a nice day,
Sambo
  • #17,916
  • Mar 31, 2011 5:42pm Mar 31, 2011 5:42pm
Quoting pres78
Narrower spread but higher volume than the previous bar and in the same direction (i.e. both downbars). Not a direct VSA term but used by many on here in their analysis and to start watching for a possible trend ending.


oops didn't see you post ...

So for you it is important that the bars are in the same direction ? would you use squat bar if not ? for example to be careful about a move that would start with increasing volume but without an increasing larger range ?

Tks
Sambo
  • #17,917
  • Mar 31, 2011 5:46pm Mar 31, 2011 5:46pm
Quoting Sambo9
oops didn't see you post ...

So for you it is important that the bars are in the same direction ? would you use squat bar if not ? for example to be careful about a move that would start with increasing volume but without an increasing larger range ?

Tks
Sambo
Only in same direction... HG uses them in both so he can expand on that aspect.
Today's zone = Tomorrow's opportunity!
  • #17,918
  • Mar 31, 2011 6:25pm Mar 31, 2011 6:25pm
Quoting pres78
Narrower spread but higher volume than the previous bar and in the same direction (i.e. both downbars). Not a direct VSA term but used by many on here in their analysis and to start watching for a possible trend ending.
Thanks pres78... been using VSA for only a short while... I figured squat was an "invented" term as it is not in Tom's book.
  • #17,919
  • Mar 31, 2011 6:36pm Mar 31, 2011 6:36pm
Quoting pres78
Yes trading VSA set-ups at high volume trigger levels is quite amazing how consistantly they occur and how accurate the entries are.
How does one decide which time frame to get your trigger levels, as the levels will change depending on the time frame you are looking at. For example: If you are scalping and using the 5min and 1min Charts would you go to the 5m chart or if you were using the 15min; 60 min and 240min charts would you go to the 240min chart for these levels?
  • #17,920
  • Mar 31, 2011 6:50pm Mar 31, 2011 6:50pm
Quoting HiddenGap
Seeing what you want to see, where you want to see it.

This is great chart that I took to answer a question from a PM. Unfortunately, I deleted the PM so if this doesn't answer that question just PM me again.

As it happens, this is also a great follow up to my previous post.

Take a look at the chart below.

Before going further, Let's repeat our mantra. It's all about seeing what we want to see, where we want to see it.

Okay, the first thing we need is our trigger bar. How one determines the trigger bar is up to him or her. The most obvious...

HG

Can you explain herd bars and how you draw trigger levels from them?
I've been following this thread but the trigger level drawn in this chart and explanation doesn't seem to line up with the definitions from other posts (close of ultra or very wide spread bar).

cheers
f451
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