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vsa with Malcolm

  • #19,441
  • May 9, 2011 8:29am May 9, 2011 8:29am
Quoting Les_Paul
Dvarrin, in my humble opinion there's no strentgh to the left of your chart so the test should not be relevant...

Les_Paul
What are you looking at to say that? The higher timeframes?

On H1 we had many SOS when coming to the end of the downtrend. Are they not enough for a sign of strength in the background?
  • #19,442
  • May 9, 2011 8:49am May 9, 2011 8:49am
Quoting Les_Paul
Yes, I managed to enter on time... 80 pips so far...

Les_Paul
Positive or Negative?
  • #19,443
  • May 9, 2011 9:05am May 9, 2011 9:05am
Quoting dvarrin
What are you looking at to say that? The higher timeframes?

On H1 we had many SOS when coming to the end of the downtrend. Are they not enough for a sign of strength in the background?
there're indeed many down bars with very high volume.
but there's still no evidence there's buyer there, as there's no up bar on every consecutive down move. what i see is ultra high volume in the top with narrow spread around 4420.

besides, i'd want to trade in harmony with trend.
it's down right now, at least for short-term. if I am not to follow it, at least I won't go against it.
  • #19,444
  • May 9, 2011 9:10am May 9, 2011 9:10am
Quoting ivonivon
besides, i'd want to trade in harmony with trend.
.
that is one important factor...


Sonic
  • #19,445
  • May 9, 2011 9:11am May 9, 2011 9:11am
I've been burned thinking I saw a setup against the trend. Last week, GBP/JPY had High-volume down bars into fresh low territory. I thought "Shake-out!" Went long. Burned. NOW we might be setting up for a long on GBP/JPY.
  • #19,446
  • May 9, 2011 9:18am May 9, 2011 9:18am
Quoting ivonivon
there're indeed many down bars with very high volume.
but there's still no evidence there's buyer there, as there's no up bar on every consecutive down move. what i see is ultra high volume in the top with narrow spread around 4420.

besides, i'd want to trade in harmony with trend.
it's down right now, at least for short-term. if I am not to follow it, at least I won't go against it.
I agree with what you wrote about trading with the trend. But my problem is still to read the chart correctly regarding the strength or weakness appearing.

Which timeframe should I look up and where should I focus my attention? I think the most important would appear around a trigger level. In this case on H1, the next 2 bars are down bars, but they are marked as SOS and then the trend is going up. Why isn't it strength?
  • #19,447
  • May 9, 2011 10:13am May 9, 2011 10:13am
Quoting dvarrin
I agree with what you wrote about trading with the trend. But my problem is still to read the chart correctly regarding the strength or weakness appearing.

Which timeframe should I look up and where should I focus my attention? I think the most important would appear around a trigger level. In this case on H1, the next 2 bars are down bars, but they are marked as SOS and then the trend is going up. Why isn't it strength?

Hey Dvarin, here is my analysis of what happened. Im by no means an expert at this - and some of this is probably wrong, but this is the way I see it so take from this what you will.

Basically, in ths short term we are in a down trend, so even when signs of strength do come in, it may only knock the market sideways, and today we have just been ranging within fridays high volume 15 min bar, so until we break the top of that, im still looking for bearish intraday moves. The rest is explained on the chart:
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  • #19,448
  • May 9, 2011 10:24am May 9, 2011 10:24am
Awesome analysis..

that no demand type bar , or i called it no result on effort to rise, was my exact entry this morning, took profoit 4260 on weekly support.

Did not mention it as was at gym .. did not even look at the trade till I got in office, knew it would yield some pips.

ES havign a tough day of it today.... if low volume day then the supply that hit the market last week will play out into end of week

Quoting NaughtyPip
Hey Dvarin, here is my analysis of what happened. Im by no means an expert at this - and some of this is probably wrong, but this is the way I see it so take from this what you will.

Basically, in ths short term we are in a down trend, so even when signs of strength do come in, it may only knock the market sideways, and today we have just been ranging within fridays high volume 15 min bar, so until we break the top of that, im still looking for bearish intraday moves. The rest is explained on the chart:
Blogging daily now at www.volume.zone
  • #19,449
  • May 9, 2011 10:44am May 9, 2011 10:44am
would any of the experienced VSA guys mind looking at this 4h A/J chart and tell me what direction you see this going ...any review is appreciated , right or wrong!...thanks in advance, RB
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  • #19,450
  • May 9, 2011 10:45am May 9, 2011 10:45am
  •  blocp
  • | Joined Aug 2009 | Status: Patience, Patience,Patience | 22 Posts
Dvarrin did you get my last PM.
  • #19,451
  • May 9, 2011 11:18am May 9, 2011 11:18am
I'm no expert but it looks weak to me. direction east.

Quoting Robbin Banks
would any of the experienced VSA guys mind looking at this 4h A/J chart and tell me what direction you see this going ...any review is appreciated , right or wrong!...thanks in advance, RB
  • #19,452
  • May 9, 2011 12:03pm May 9, 2011 12:03pm
Quoting NaughtyPip
Hey Dvarin, here is my analysis of what happened. Im by no means an expert at this - and some of this is probably wrong, but this is the way I see it so take from this what you will.

Basically, in ths short term we are in a down trend, so even when signs of strength do come in, it may only knock the market sideways, and today we have just been ranging within fridays high volume 15 min bar, so until we break the top of that, im still looking for bearish intraday moves. The rest is explained on the chart:
Hey Naughty great analysis and great catch on that Friday bar keeping the upmove at bay. Trading the weak move into this level was a great short trade set-up. I marked 3 other lines in yellow lines showing som good PA. 1st one shows that increased volume as we approached the Friday trigger... notice how SM on the very next bar (yellow line 2) pulled out showing no further interest to the upside. Once could have even entered short off this bar safely. The 3rd yellow line was more a conformation of weakness.. Increased volume with no result and a close matching the ND right before it. Any buying in that bar was hammered with supply which became obvious over the next few hours as supply took over and the real move down began.

No safe longs until we get above at least 4440 trigger and more so 4480 trigger... That may change as we move down but that's what I see for now. If a long set-up appears be wary on the way up and watch the movements as we move into the 4440 - 4480 zone.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #19,453
  • May 9, 2011 12:18pm May 9, 2011 12:18pm
Quoting NaughtyPip
Hey Dvarin, here is my analysis of what happened. Im by no means an expert at this - and some of this is probably wrong, but this is the way I see it so take from this what you will.

Basically, in ths short term we are in a down trend, so even when signs of strength do come in, it may only knock the market sideways, and today we have just been ranging within fridays high volume 15 min bar, so until we break the top of that, im still looking for bearish intraday moves. The rest is explained on the chart:
Very nice NaughtyPip! Thank you very much!
  • #19,454
  • May 9, 2011 12:35pm May 9, 2011 12:35pm
Quoting malcolmb14
Awesome analysis..

that no demand type bar , or i called it no result on effort to rise, was my exact entry this morning, took profoit 4260 on weekly support.

Did not mention it as was at gym .. did not even look at the trade till I got in office, knew it would yield some pips.

ES havign a tough day of it today.... if low volume day then the supply that hit the market last week will play out into end of week


Quoting pres78
Hey Naughty great analysis and great catch on that Friday bar keeping the upmove at bay. Trading the weak move into this level was a great short trade set-up. I marked 3 other lines in yellow lines showing som good PA. 1st one shows that increased volume as we approached the Friday trigger... notice how SM on the very next bar (yellow line 2) pulled out showing no further interest to the upside. Once could have even entered short off this bar safely. The 3rd yellow line was more a conformation of weakness.. Increased volume with no result and a...

Hey guys thanks for the feedback, feels good to know i'm heading in the right direction
  • #19,455
  • May 9, 2011 1:16pm May 9, 2011 1:16pm
Oil is looking promising.
  • #19,456
  • May 9, 2011 1:39pm May 9, 2011 1:39pm
Quoting NaughtyPip
Hey guys thanks for the feedback, feels good to know i'm heading in the right direction
Yeah man, great analysis, certainly brought a new light to the chart for me today!

There's a nice long setup from GU today, in work at the moment so can't put a good annotated chart together, will do it later on.
  • #19,457
  • May 9, 2011 2:11pm May 9, 2011 2:11pm
Quoting PipPipPip
Oil is looking promising.
Oil gave a couple of nice long set-ups today. Will see what tommorow brings.
Today's zone = Tomorrow's opportunity!
  • #19,458
  • May 9, 2011 2:59pm May 9, 2011 2:59pm
Quoting pres78
Oil gave a couple of nice long set-ups today. Will see what tommorow brings.
Ya. im not an expert in oil, but with its stopping volume through US, i couldn't resist. haha. imo if oil tomorrow holds, with more testing of long set ups, euro might get a kick at it soon; could be end of this week.

  • #19,459
  • May 9, 2011 4:25pm May 9, 2011 4:25pm
Quoting f451
A couple of people have PM'd me with a divide by zero bug in the original VSA signals indicator (v1.01) I wrote for MT4 last year. This was occurring on M1 timeframe when spread was zero (something I hadn't even considered because I don't trade VSA on M1).

Anyway it's is fixed.

When I last posted this it came with a lot of caveats. I'll repeat them now.

This indicator will give you less reliable VSA bar definitions than if you learn the principles and apply them rigorously to the chart yourself. It gets things wrong some of the time....
Thanks f451, great work!
  • #19,460
  • May 9, 2011 4:55pm May 9, 2011 4:55pm
Quoting KinsaleForex
Yeah man, great analysis, certainly brought a new light to the chart for me today!

There's a nice long setup from GU today, in work at the moment so can't put a good annotated chart together, will do it later on.
A chart for GU earlier on today. I didn't actually take the trade as I was in work at the time. Nonetheless it's still a great example of a trigger number set up. The stop placement is a little retrospective but had I been taking the trade live I wouldn't have put it on the low as this was over 50pips away which for me is too much using a 5min chart.
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