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vsa with Malcolm

  • #18,561
  • Apr 13, 2011 7:23am Apr 13, 2011 7:23am
Quoting amletit
Mind we have important US news in a little.
Oups!! Ok I better wait a bit ;-)
  • #18,562
  • Edited 8:01am Apr 13, 2011 7:45am | Edited 8:01am
Quoting NaughtyPip
..., entered on the break of that candle, further confirmation and a safer entry 2 candles later with a no demand bar. Pulled out at the squat bar.

Comments and critique appreciated.

Did the same..pyramid in on the confirmation of the no demand bar.. good one NP!

After the squat bar, 2 bars later, on the down bar I placed a very tight stop loss just above the high. It held, but when I saw a moderately HV shake out bar and the next bar close level on lesser volume. I hit my exit there...surprise surprise..almost in line with that squat bar...
  • #18,563
  • Edited 8:00am Apr 13, 2011 7:49am | Edited 8:00am
Quoting NaughtyPip
Took this trade at 12:30 ish, gmt. Just exited. Upthrust into 15 min trigger level, then another upthrust later on to retest the area, immediately after the upthrust a test candle low vol, entered on the break of that candle, further confirmation and a safer entry 2 candles later with a no demand bar. Pulled out at the squat bar.

Comments and critique appreciated.

The bar you have marked as a test is actually a hidden test or a ND as it is an upbar with a higher close than the upthrust. Also the UT is not confirmed until the second bar so based on that the ND you mention is the better / safer entry. The bar you mark as a squat is quite high volume for the spread but is an upbar which should show you that buyers were met with sellers and by itself would not be an immediate reason to exit. If anything if the low of this bar is taken out it could provide another short entry. The exit from this however could be that we had a wide spread downbar closing on it's lows followed by an upbar showing that there was hidden buying in that downbar... the fact that we had all that effort to rise on the next bar however confuses the fact since we obviously found buyers but they seem to have been met on that upbar.

Edit... the ND also printed below the Hull and it appears to have the same high as the highest volume upbar to the left (2 bars before the first UT you have marked)... ND into a trigger.
Today's zone = Tomorrow's opportunity!
  • #18,564
  • Apr 13, 2011 8:11am Apr 13, 2011 8:11am
oh god im bored. someone make it move so i can at least attempt to lose some more money
  • #18,565
  • Apr 13, 2011 8:40am Apr 13, 2011 8:40am
Hi Malcomb,

I have been focusing on GU for a while it seems that we might test 1.70 region soon, but do you think that before that we might go down to test the monthly Gann?
  • #18,566
  • Apr 13, 2011 9:12am Apr 13, 2011 9:12am
Hello Friends: Attached is an interesting VSA/Wyckoff summary pdf listing several important points and ideas. Many Thanks and Best Wishes Too.
Attached File(s)
File Type: pdf VSA - Cheat Sheet exec summary read this.pdf   423 KB | 1,817 downloads
  • #18,567
  • Apr 13, 2011 9:39am Apr 13, 2011 9:39am
What a boring day.
  • #18,568
  • Apr 13, 2011 9:52am Apr 13, 2011 9:52am
Quoting rbumbalough
Hello Friends: Attached is an interesting VSA/Wyckoff summary pdf listing several important points and ideas. Many Thanks and Best Wishes Too.
Cool :-)) Thanks a lot for the doc rbumbalough!!
  • #18,569
  • Apr 13, 2011 9:53am Apr 13, 2011 9:53am
Quoting dvarrin
Perhaps a long entry at 1.0498 on audusd 15M if I'm not wrong (breakout after shakeout in an uptrend).
Today is a big day!!! My first trade going in the right direction! :-)) :-))
  • #18,570
  • Apr 13, 2011 9:54am Apr 13, 2011 9:54am
Quoting Sonofsin5
What a boring day.
LOL crosses are sensitive to gurus' critics!!!
  • #18,571
  • Apr 13, 2011 9:57am Apr 13, 2011 9:57am
Quoting rbumbalough
Hello Friends: Attached is an interesting VSA/Wyckoff summary pdf listing several important points and ideas. Many Thanks and Best Wishes Too.
Thanks very much rbumbalough. Great stuff!
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #18,572
  • Apr 13, 2011 10:03am Apr 13, 2011 10:03am
Quoting Sonofsin5
What a boring day.
and people think traders live the high life.....cars, hookers, drugs! not doing the hoovering while keeping an eye on a rubbish trading day!
  • #18,573
  • Apr 13, 2011 10:04am Apr 13, 2011 10:04am
Hi Guys,

First post in this great theread. Just wondering .. can you see the last charts in the pdf posted by rubumbalough. The last charts in the pdf seems like erased?

or is it just for me?

Regards
  • #18,574
  • Apr 13, 2011 10:05am Apr 13, 2011 10:05am
Hmm ... I'm showing the biggest volume into that upthrust EU just had; that would make H1 finish as a wide range with strength. So, I'm suspect - they might be selling into it - will be watching. (Similar spike on GU)

Important to note that NY has an impeccable record of buying this thing up, from this point on and into the afternoon. And IMO weakness just isn't there in H1 or higher IMO. Just getting back here after hours of absence, but I think part of the downmove was ECB's Draghi's temperment comments? More speeching though to come from Stark at 17:00 and Weber 21:00 GMT.

EDIT: EY and GY M15 printing/acting like further declines are forthcoming.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-13_105931.png Size: 30 KB
  • #18,575
  • Apr 13, 2011 10:21am Apr 13, 2011 10:21am
Quoting rbumbalough
Hello Friends: Attached is an interesting VSA/Wyckoff summary pdf listing several important points and ideas. Many Thanks and Best Wishes Too.
More reading material is always appreciated. Thanks...
  • #18,576
  • Apr 13, 2011 10:56am Apr 13, 2011 10:56am
Quoting Suranga2500
Just wondering .. can you see the last charts in the pdf posted by rubumbalough. The last charts in the pdf seems like erased? or is it just for me?
I think that's the way it was produced ... as an example, the last 2 pages 17 and 18 show blank boxes where it's described charts should be. I use FoxIt Reader because of it's much smaller footprint over the honkin' Adobe Reader, but the view is the same in Adobe Reader 9.4.3

RBumbalough, Can you confirm?
  • #18,577
  • Apr 13, 2011 11:48am Apr 13, 2011 11:48am
Quoting Beljevina
Hmm ... I'm showing the biggest volume into that upthrust EU just had; that would make H1 finish as a wide range with strength. So, I'm suspect - they might be selling into it - will be watching. (Similar spike on GU)
Suspicion confirmed. I was very premature on my sell, but purposefully placed it just above the previous high and open, pending future failure; but the marked bar confirmed it, and the previous high held it.

In the time I've marked this chart, was going to say we head to POC 4436, and we're just there! Neat, that it was a quick failure through the DPP at 4456. Now, let's see if a prev low at 44203 holds - beyond that POC and psyche number 4402 is next.

It will be interesting if we have a down day on the euro; it's Wednesday only and the opening was 30 pips north of here. Notable too that it and S&P is heading down through the normally optimistic lunch (12-2) period; could be one of those bizarro days where it's doing the opposite. (Yes, a Seinfeld reference )

Nice failure of the ES as well ... if you're not trading it and applying VSA & trigger #'s there, give it a spin. Looks like 1300 coming up. I love it when correlations align.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-04-13_123753.png Size: 19 KB
  • #18,578
  • Apr 13, 2011 12:47pm Apr 13, 2011 12:47pm
Quoting pres78
The bar you have marked as a test is actually a hidden test or a ND as it is an upbar with a higher close than the upthrust. Also the UT is not confirmed until the second bar so based on that the ND you mention is the better / safer entry. The bar you mark as a squat is quite high volume for the spread but is an upbar which should show you that buyers were met with sellers and by itself would not be an immediate reason to exit. If anything if the low of this bar is taken out it could provide another short entry. The exit from this however could...

Hey pres thanks for the guidance, you seem to have it nailed. Can I ask is there any other reading materials/ resources you have found helpful for vsa other than this thread and master the markets?

It would be great if I could grasp the charts as well as you do.

Many thanks
  • #18,579
  • Apr 13, 2011 1:01pm Apr 13, 2011 1:01pm
Here is the vsa guide which describes the different bar types (ND,NS,SO, stopping vol...).

Attached File(s)
File Type: pdf VSA Guide.pdf   463 KB | 1,469 downloads
  • #18,580
  • Apr 13, 2011 1:01pm Apr 13, 2011 1:01pm
btw gary fullet is on pfgbest webinar today on upthrust and springs. just about to start.
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