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vsa with Malcolm

  • #19,701
  • May 14, 2011 11:56am May 14, 2011 11:56am
Quoting pres78
Volume is all you really need as that is the basis of VSA, volume and spread of the bars. You may want to get an ADR indicator helping to keep track quickly of what we have used for daily range compared to the average. Also the MA's can be left on as a trend indentifer but don't get caught up in their cross. Even just leave one on there for easy trend spotting.
Thankyou. Have loaded a ADR Indi with a 14(?) period look back. It is daily that I want to show on the chart, even though I am working in 15min TF. I like what it shows on the chart. I can see that it would give some possible outlines for the range and thus would sway a decision- but this is based on my scalping stratigies not VSA principals. Ill do a search to find out how this is going to be helpful and post back something.

Once again thankyou
  • #19,702
  • May 14, 2011 11:56am May 14, 2011 11:56am
Quoting fontu
if no interactive posts of any kind rather than only visa then I will ask malcolm to block me here & every other interactive members posted in this thread without a visa in the every post .happy weekend.
thanks ,
fontu
If I were you I'd use mastercard, the points are way better and their insurance policy on purchases covers more than what Visa could provide.

But thanks for the heartfelt informative post. Your knowledge is outstanding.
  • #19,703
  • May 14, 2011 12:19pm May 14, 2011 12:19pm
Rofl ... This post was priceless and for everything else there is MasterCard

No wonder I kept screwing up I thought i was using vsa not visa lol


Quoting Sonofsin5
If I were you I'd use mastercard, the points are way better and their insurance policy on purchases covers more than what Visa could provide.

But thanks for the heartfelt informative post. Your knowledge is outstanding.
Blogging daily now at www.volume.zone
  • #19,704
  • May 14, 2011 12:59pm May 14, 2011 12:59pm
LOL.... is that what he was trying to say? i kept thinking visa, visa, visa...what the hell is visa? man now theres something else i have to go learn!!! TX
malcolm i know you said you dont really use the TG much anymore but for a beginner do you think it would help move the learning curve along any faster... i mean when you first started using it did it make a significant difference ...if it did then it would be worth the money, but if not then 1k is alot to just throw away...thanks for any advice..TX
  • #19,705
  • Edited 2:25pm May 14, 2011 2:23pm | Edited 2:25pm
Hi Malcomb14 , pres78 & other posters. Thanks for contribution to this wonderful thread. I read the MTM book and came across this thread few days back . I hope to learn VSA from you guys. I am attaching one chart and wondering how vsa can be applied to bar 0, bar 1, bar 2, bar 3 or any other bars in chart. Thanks for your help
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  • #19,706
  • May 14, 2011 3:39pm May 14, 2011 3:39pm
Quoting malcolmb14
I use 60 and 120 min bars all the time . I am not looking at the London bars relative to the Asia bars . I am comparing today's bars against yesterday's bars at the same time . I just subconsciously filter out the Asia sessions . In esignal there us a way I can make a daily chart start and end any time I want . I will play around with this tomorrow and are how it looks .

So range bars not really required
Algo is very easy to program an indicator that delete the volume for the assia session
Greetings, BeLikewater
  • #19,707
  • May 14, 2011 4:33pm May 14, 2011 4:33pm
I don´t use EW in my trading but wouldn´t say it´s BS, world class traders like Paul Tudor Jones claimed to use it in their analysis.
  • #19,708
  • May 14, 2011 7:31pm May 14, 2011 7:31pm
Quoting malcolmb14
You missed one of the most important bars showing move to 1.4300

See after you put mini sign if weAkness on the charts with the next bar as a high volume ( one of the highest vol of session ) on a test like bar closing in highs , that indicates and confirms strength
Malcolm - Are you referring to the two blue bars that take the price out of the smaller gray box?
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  • #19,709
  • May 14, 2011 8:01pm May 14, 2011 8:01pm
2nd bar after the last one you marked


Down bat highest vol of session next bar up with strength in london

Quoting MarcusFire
Malcolm - Are you referring to the two blue bars that take the price out of the smaller gray box?
Blogging daily now at www.volume.zone
  • #19,710
  • May 14, 2011 8:09pm May 14, 2011 8:09pm
Sorry but as some think that volume in forex is non existAnt I believe ew is bs. I have seen so many so called ew traders get 50 % of calls right and when they do they say how great ew is. As you can see from my posts I got one call out of 7 or 8 wrong last week . The pros cAnnot hide.... As for other calls like long 1.3 tp 1.44 that I got called a muppet for , off a weekly chart , we will not even say anything about that .


Paul seems to have done well due to risk management . And swing trading commodity runs ... Look At his beliefs on investopedia

Quoting Barata
I don´t use EW in my trading but wouldn´t say it´s BS, world class traders like Paul Tudor Jones claimed to use it in their analysis.
Blogging daily now at www.volume.zone
  • #19,711
  • May 14, 2011 11:01pm May 14, 2011 11:01pm
malcolm would you mind telling me if you feel like TG would be a good tool for a begginer to use to speed the learning curve in vsa?...thanks for and advice in advance....TX
  • #19,712
  • May 14, 2011 11:57pm May 14, 2011 11:57pm
Quoting malcolmb14
Rofl ... This post was priceless and for everything else there is MasterCard

No wonder I kept screwing up I thought i was using vsa not visa lol
lol
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #19,713
  • May 15, 2011 2:42am May 15, 2011 2:42am
Quoting pres78
The second bar you marked as NS is a squat bar and a nice SOS as any selling was met order for order and then some with buying. Increased volume with no spread to match and a close on the trigger.
Thanks Pres ( & BeLikewater ) for pointing this out. The close of the second red bar ( test/squat bar ) on the close of the HV bar was my main reason for calling it NS. But just to " group " them as NS was not really exact on my part.

Also, in about this area we often see another round of longwicked bars/candles to the downside, BEFORE a move up. I have heard an interesting theory that SM finds sell stop orders in this area from traders who think another down move will come and interpret this as some form of AB=CD down move.

As these longwicked candles/bars, or " shift" candles were missing, I saw this as another sign of strength.

dvarrin: rather than looking at single bars that repeat a volume pattern at certain times of the day, I would look at W patterns for buys and M patterns for sells ( and often their shakeout move right before trend change ). e.g. on 15 min. There are overpriced " systems sold for 5K around these " Market Maker " moves. But using VSA we might already have everything in front of our own eyes.

Anyway, thanks a lot. Now I have to address my lack of knowledge reg. Squat bars and Tests....

____________
michael
Be like water.
  • #19,714
  • May 15, 2011 2:51am May 15, 2011 2:51am
Quoting malcolmb14
You missed one of the most important bars showing move to 1.4300

See after you put mini sign if weAkness on the charts with the next bar as a high volume ( one of the highest vol of session ) on a test like bar closing in highs , that indicates and confirms strength
Yes, now I understand....thank you !

( Yellow arrows point to bar mentioned. )


___________
michael
Attached Image
Be like water.
  • #19,715
  • May 15, 2011 4:09am May 15, 2011 4:09am
Quoting malcolmb14
The pros cAnnot hide.... As for other calls like long 1.3 tp 1.44 that I got called a muppet for , off a weekly chart , we will not even say anything about that .


Paul seems to have done well due to risk management . And swing trading commodity runs ... Look At his beliefs on investopedia
Yeah I remember that Weekend back in November when you were bashed big time for saying the EU would go up...
  • #19,716
  • May 15, 2011 6:30am May 15, 2011 6:30am
Quoting fxmonoa
Hi Malcomb14 , pres78 & other posters. Thanks for contribution to this wonderful thread. I read the MTM book and came across this thread few days back . I hope to learn VSA from you guys. I am attaching one chart and wondering how vsa can be applied to bar 0, bar 1, bar 2, bar 3 or any other bars in chart. Thanks for your help
That is a pretty open ended question as there is a lot to be found in the chart... a starting question for me would be what made you choose the 4 bars you identified? Did you select them for any paricular reason?
Today's zone = Tomorrow's opportunity!
  • #19,717
  • Edited 1:36pm May 15, 2011 1:12pm | Edited 1:36pm
Quoting pres78
That is a pretty open ended question as there is a lot to be found in the chart... a starting question for me would be what made you choose the 4 bars you identified? Did you select them for any paricular reason?
Pres78 thanks for answering my question.

I was thinking something like this. This was area from where price went down before.
First 3 bars are high volume bars where price did'nt move up. Seems like sellers coming in. At the end of bar marked 1 there is some buyers coming( some stopping volume), although downbar. At the bar marked 3 we reach below the low of bar marked 1 with very low volume, is this means no demand ? Time to short ?

How else should I be looking vsa setup in this chart around that price range?
  • #19,718
  • May 15, 2011 2:22pm May 15, 2011 2:22pm
es all i see is major supply 1350 ....

seems like they are trying to dry up the buy interest off 1330.

Thinking 1300 target
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  • #19,719
  • May 15, 2011 2:39pm May 15, 2011 2:39pm
interesting 1329 area critical

Last time we were here there was heavy supply that took it down to 1250

Yes at 1250 there was buying .. pomo ..who the hell know what that was

the move back to 1320 was on bear vol divergence , then another dip then a bust out to 1355 .. but look at the bust out NO volume and only to met by clear selling 1350
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  • #19,720
  • May 15, 2011 2:42pm May 15, 2011 2:42pm
ok other than that 1250 clear stopping what is really bullish about this chart unless something changes

No demand 1344 .. picked up by tradeguider in feb , then an even stronger no demand 3 weeks back.

I am interested .. did any one catch Gavins webinar on weekend about why es going to 1400 ? I see it going to 1250 1st

1328 breaks it is game over for es , at least till 1300 then 1250
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Quoting malcolmb14
interesting 1329 area critical

Last time we were here there was heavy supply that took it down to 1250

Yes at 1250 there was buying .. pomo ..who the hell know what that was

the move back to 1320 was on bear vol divergence , then another dip then a bust out to 1355 .. but look at the bust out NO volume and only to met by clear selling 1350
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