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vsa with Malcolm

  • #18,001
  • Apr 1, 2011 11:23am Apr 1, 2011 11:23am
Quoting pres78
We saw a SO not really supply coming in per say... also the demand came in hard again at 4060... I mean the whole thing now in hindsight is just so obvious.. SM say an opportnity to shake the hell out of the market wiping out weak longs, trapping all kinds of people short just to stop it on a dime right at 4060 again and then they smile, say thank you and bring it right back up to a nice 150 pip daily range.

News is just a reason and opportunity for them to manipulate the charts and wipe out all the little guys.
absolutely amazing. and of course thanks to your big lots to make that push up

green usd/eur pips to all
  • #18,002
  • Apr 1, 2011 11:35am Apr 1, 2011 11:35am
Quoting 1pipperhour
Red line 2 and 3 look far more safer entries than .4065. Entry @0473 after NS bar would have also been a good place for entry for riskier traders. I think buy limit @0465 and stop @0450 was very risky as there were previously spikes which were lower and Monday's POC on my chart is @4051. So you are one hell of a lucky guy I must admit
15 pips was worth the risk... Besides the 15min bar before the one that entered 4060 range told me lots. Not much volume and we barely got below the low of the highest volume down bar. The we had a surge in volume (buying or selling)... switch to the 5 min and we see the reaction following the increased volume downbar... 2 bar reversal, key reversal bar right after a NS (which closed the 15 min bar) at that demand 4060 level.

So we have a NS at key demand and then a beauty 2 bar reversal with the same low and a higher high so off this bar we have an entry at 4090 and confirmed reversal pattern.

So yes setting the buy and going into a meeting may have been risky but I trusted 4060 to hold and had it not I would be out 60 pips which was a small price for me personally had the drop kept going. I was watching from my phone could have cancelled the orders as we approched the level but what I described above kept me in.

VSA was not the entry but it's analysis made me confident in my decision.
Today's zone = Tomorrow's opportunity!
  • #18,003
  • Apr 1, 2011 11:39am Apr 1, 2011 11:39am
been watching that 1.4060 area for the week , mostly off iphone as internet connection sucks in dubai and being able to get a decent connection using the hotel internet service was slow

so if you go look at a 4 hour chart on mt4 and draw a line at 4100 you will see the pivot we have been drifiting around

now to todays chart

vertical blue lines
1st one down bar on uh volume .... we can assume this may be buyers as it sent the market sideways
2nd one classic shake out under the close of the stopping volume we saw at the 1st vertical blue line

when price cam back above the 4100 handle about 1.5 hours after the news bar and 30 min into the us stock market session that was the trigger for the buy entry

I took half off +100 at yesterdays upper vlaue area and holding the rest at +50 stop for 1.4250 test. , this may not happen till mondays trading session as ranges have been pretty high today.
Attached Image (click to enlarge)
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Quoting 1pipperhour
According to which timeframe you took that trade?
Blogging daily now at www.volume.zone
  • #18,004
  • Apr 1, 2011 11:40am Apr 1, 2011 11:40am
really .. where was the vsa set up ? ... did not see it .. 1 min chart trading will 99% of the time lose you money ... but good luck with it

Quoting anmarcelofx
http://clip2net.com/s/RsnG

I like when the prices on M1 chart give you the chance to enter with minimal stop loss, like it did today morning, at 1.4060 level. next M1 candle we had 29 pips rising just in 1 minute.
Blogging daily now at www.volume.zone
  • #18,005
  • Apr 1, 2011 12:06pm Apr 1, 2011 12:06pm
Quoting malcolmb14
been watching that 1.4060 area for the week , mostly off iphone as internet connection sucks in dubai and being able to get a decent connection using the hotel internet service was slow

so if you go look at a 4 hour chart on mt4 and draw a line at 4100 you will see the pivot we have been drifiting around

now to todays chart

vertical blue lines
1st one down bar on uh volume .... we can assume this may be buyers as it sent the market sideways
2nd one classic shake out under the close of the stopping volume we saw at the 1st vertical blue...
I am considering holding a few of my 4065 trades over the weekend as well move to 4135 and will decide at end of day. All other trades now closed.
Today's zone = Tomorrow's opportunity!
  • #18,006
  • Apr 1, 2011 12:11pm Apr 1, 2011 12:11pm
Somehow reenter long at price above test on hourly chart.
Let's see how it'll develop.
Attached Image (click to enlarge)
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  • #18,007
  • Apr 1, 2011 12:44pm Apr 1, 2011 12:44pm
Quoting pres78
We saw a SO not really supply coming in per say... also the demand came in hard again at 4060... I mean the whole thing now in hindsight is just so obvious.. SM say an opportnity to shake the hell out of the market wiping out weak longs, trapping all kinds of people short just to stop it on a dime right at 4060 again and then they smile, say thank you and bring it right back up to a nice 150 pip daily range.

News is just a reason and opportunity for them to manipulate the charts and wipe out all the little guys.
Thank you for the chart pres78, but I still have difficulty with the low volume trigger...was it because it closed almost on the POC ? And when in real-time did you see that it was a trigger level, after the stopping volume was confirmed with an up bar ? All the other bars you show make sense to me and I can add that to Liam´s links reg. " triggers ".

Thank you.



____________
michael
Be like water.
  • #18,008
  • Apr 1, 2011 1:15pm Apr 1, 2011 1:15pm
Quoting msmarple
Thank you for the chart pres78, but I still have difficulty with the low volume trigger...was it because it closed almost on the POC ? And when in real-time did you see that it was a trigger level, after the stopping volume was confirmed with an up bar ? All the other bars you show make sense to me and I can add that to Liam´s links reg. " triggers ".

Thank you.

____________
michael
It was a low volume trigger and a bar of interest to me as it was quite the drop off in volume as we started to appoach the 4060 level.

Let's go bar by bar (more or less on 5min).

1. New was released at 13:30GMT and we had a ultra high, wide spread bar.
2. Next 5 min followed suit on good volume and spread
3. Squat... Demand starting to hit the market?
4 thru 12. The market moved sideways on varying volume ending on bar 12 which was good volume downbar which closed well off it's low
13. Drop off in volume but wide spread, no selling pressure in this bar
14. Big spike in volume on a downbar closing on it's low... stopping volume? Having this bar right after a no selling pressure bar tells me that we have once again found demand at 4060. Possible trigger off this bar at 4067.
15. Upbar confirming stopping volume
16. NS / no selling pressure
17. Key reversal bar which also makes a 2 bar reversal with the bar 16... same low and higher high on increased volume... possible trigger at 4084
18. Continuation bar taking us back into the area where we moved sideways, volume good
19. NS
20. NS/test of trigger level 4084, that no selling pressure bar #12 close level and also now that I look at it closer the high of bar # 14... Bar # 14 which was bought into all the way had it's high at 4088... Bar 20 close was at 4088... So I guess this was an example of what HG has talked about when a trigger level can be assumed as the close but can end up being the high or low as well.

So I said I took it as a test of bar 13 but in reality it was a better test of bar 14's high.

Sorry for being so long winded.

This is why I like to do end of day reviews of my trades and the charts in general to see what VSA offered up... look at the above I started with one reason for taking a trade and found another along the way that I missed when the trade happened live.
Today's zone = Tomorrow's opportunity!
  • #18,009
  • Apr 1, 2011 1:35pm Apr 1, 2011 1:35pm
Thank you for taking the time to answer in detail. I will go over all charts during the weekend again. This is like learning a new language, but I clearly see that efforts produce big results....


____________
michael
Be like water.
  • #18,010
  • Apr 1, 2011 1:43pm Apr 1, 2011 1:43pm
[quote=pres78;4516525]It was a low volume trigger and a bar of interest to me as it was quite the drop off in volume as we started to appoach the 4060 level.

Let's go bar by bar (more or less on 5min).

Pres GREAT analysis. Thank you for your effort.

I believe we have a new guru around!


Have a nice week end!
  • #18,011
  • Apr 1, 2011 2:05pm Apr 1, 2011 2:05pm
Quoting msmarple
.... This is like learning a new language, but I clearly see that efforts produce big results..
Well said.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #18,012
  • Apr 1, 2011 2:25pm Apr 1, 2011 2:25pm
Quoting HiddenGap
"The squat is the last battle of the bears and the bulls, with lots of buying and selling but little price movement. There is an almost equal division between the number and enthusiasm of both bears and bulls..." Bill Williams, Trading Chaos, p93.

Bill Williams has correctly identified the importance of the squat bar, but to truly understand what is going on, one needs to move into the realm of Volume Spread Analysis.

The technical definition of a squat is a bar with increasing volume and decreasing MFI (Market Facilitation Index). The...
Thanks HG. Excellent post.
  • #18,013
  • Apr 1, 2011 3:10pm Apr 1, 2011 3:10pm
[quote=amletit;4516583]
Quoting pres78
It was a low volume trigger and a bar of interest to me as it was quite the drop off in volume as we started to appoach the 4060 level.

Let's go bar by bar (more or less on 5min).

Pres GREAT analysis. Thank you for your effort.

I believe we have a new guru around!


Have a nice week end!
No guru here just a fellow newbie to VSA learning and growing and sharing as I go...
Today's zone = Tomorrow's opportunity!
  • #18,014
  • Apr 1, 2011 3:19pm Apr 1, 2011 3:19pm
Quoting malcolmb14
I took half off +100 at yesterdays upper vlaue area and holding the rest at +50 stop for 1.4250 test. , this may not happen till mondays trading session as ranges have been pretty high today.
Attachment
Came close... pretty bullish daily candle c/w new weekly high to boot.
Today's zone = Tomorrow's opportunity!
  • #18,015
  • Apr 1, 2011 4:01pm Apr 1, 2011 4:01pm
Quoting KinsaleForex
First chart is Cable, second is Eddie.

Red trigger line, if both charts come back to test this line or on no supply, is this a valid long?
Liam,

Looking at this old cable chart and perhaps HG could elaborate on this... After the KRB which brings you back above your trigger we have a major squat bar with it's low on the trigger... I mean look at that volume... demand swamped the hell out of the supply and killed it right at the trigger. Entry at the high of the squat IMHO would have been a nice safe entry...

Again HG next time your in please confirm if you agree.
Attached Image (click to enlarge)
Click to Enlarge Name: Cable 5min.png Size: 69 KB
Today's zone = Tomorrow's opportunity!
  • #18,016
  • Apr 1, 2011 4:27pm Apr 1, 2011 4:27pm
I need to note down some of these non VSA terms, what's KRB again? K.... Range Bar or something?

Good spot though, just getting my head around these squats over the past week.

And while i'm at it;

POC - point of control?
VAL - value area low?
VAH - " " high?
  • #18,017
  • Apr 1, 2011 4:30pm Apr 1, 2011 4:30pm
[quote=KinsaleForex;4516762]I need to note down some of these non VSA terms, what's KRB again? K.... Range Bar or something?


Hi Liam,
From what I know....

KRB stands for ''Key Reversal Bar'''
Poc Point of Control
VAL Value Area Low
VAH Value Area High

Have a good weekend,
Mel
  • #18,018
  • Apr 1, 2011 4:36pm Apr 1, 2011 4:36pm
My cable 5min chart by the end of today. Starting to look a bit like Beljevina's charts

On a serious note, a few questions for all of you using triggers.

 

  1. When do you get rid of a trigger number/line?


Me personally I tend to get rid of them once price moves from that area or much higher volume countermands a previous trigger.

 

  1. Do you consider the triggers in play for the day/next day/week?

What i've been doing so far is deleting all at the start of a day and starting fresh. Seems to be working ok so far. Reason I ask is I noticed 1pipperhour posted a chart earlier using a trigger from yesterday (thanks for the chart by the way, forgot to reply earlier!)

Attached Image (click to enlarge)
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  • #18,019
  • Apr 1, 2011 5:02pm Apr 1, 2011 5:02pm
Can anyone help me analyze what happened in this area? Could that last low spread and low volume bar be considered as a "test"? It quite confused me.

thanx
  • #18,020
  • Apr 1, 2011 5:03pm Apr 1, 2011 5:03pm
Again...i didn't post the chart
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