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vsa with Malcolm

  • #20,321
  • May 24, 2011 2:26pm May 24, 2011 2:26pm
Quoting sony
Is that only me or we see some weaknees on 6e
4h uptrust , 90 min is buying climax

I would like to sell tomorrow on no demand or uptrust into 1.4077..Might also get in earlier around 1.4130 if we get today there

Hm?

1st TP around 1.4030 ...further around 1.3990
EU definitely had limited run potential today - mind you, 130 pips is not too bad, and a potential close at the upper end.

An argument could be made that the lows were rejected and that additional supply will be sought upwards. BUT, the drop from 1.51 to 1.18 last year is littered with similar such bars, that failed. IMO, the volume read on a day to day basis is a tough one, as we know we're not travelling far due to the bull-bear debate that's ongoing.

I'd like to see a downwards test towards the DPP 40533 and open as I mentioned, and that may be the possible bottom, or at least temporary one, before another attempt at reaching upwards. But I do agree, that (depending on the 5pm NY close), a reach of a minimum 30-40 pips south of there is reasonable. (ie, to your mentioned 407) We will have to see if risk is on or off for Asia and afterwards.

Oil might be breaking upwards - if so, EURUSD=oil more or less, and the USD should decline, helping create a bullish euro. But like I said, for me, I'm scaling in positions and trying to take out 30-50 pips here and there.
  • #20,322
  • May 24, 2011 2:38pm May 24, 2011 2:38pm
excellent video on youtube with gavin..HG appreciate the heads up!..the coolest thing is gavin had absolutely no DD on that trade and was 100% confident as to its outcome!!! thats got to be a great feeling!!! i wonder if he ever loses a trade anymore?...thanks again, john
  • #20,323
  • May 24, 2011 2:55pm May 24, 2011 2:55pm
Quoting BeLikeWater
Hello everybody this is focused for begginers to intermediate VSA users, it is a chart of a quiz, from the "Chart Reading Master Class" of www.tradeguider.com, you have to answer the questions asked on the Graph, later (in this case me and 24 hours after I upload the chart) will put the answers given by Tom and Gavin for the chart, so we can compare the results!

PD: I dont know the answers and I will upload my answers too, lets see if we are getting the VSA concepts right.

-----------

This...

A = SOS

B = SOS

C = Still accumulating

D = Test, Important because it appears inside the body of Bar B.


What is the name of what is happening to this stock?
"The Stock is Accumulating"

What would you now look out for to go long on this stock?
Gavin: You would like to see a break of the bar A to the upside, then you want the price to came back to that area (High of bar A) and test it with low volume.

http://img822.imageshack.us/img822/9...st2results.jpg

Uploaded with ImageShack.us
Greetings, BeLikewater
  • #20,324
  • May 24, 2011 3:05pm May 24, 2011 3:05pm
Thanks for the comments Belj.

I am alredy on BE now... entry was 1.4115..so will leave it..Here is 10 pm and i never trade in this time but we were in upper level of that 4h uptrust and i was sure that we are not gonna brake throu high on such a low volume..

Will leave it and hope i will wake up as a millioner tomorrow...lol

All the best
Work smart not hard
  • #20,325
  • May 24, 2011 7:18pm May 24, 2011 7:18pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
gavin said a high probability trade is the one which is in the direction of the trend and for that you need to check multiple time frames.
in the recent youtube videos he's looking to go long on 15min chart because today was a up day and in order with the trend day he's looking for sign's of strenght, he takes in consideration the potential signs of weakness though but just looking at 15 min chart.
what i don't understand is "trading with the trend, the trend is your friend" quote... on D, 4H, 1H the trend is down and at 4h, 1h we have a wide spread/high vol up bar closing in the middle and even at 15 min we have signs of weakness didn't we suppose to look for shorts?
i don't get'it, i'm into this problem to decide which trend matters at the time more and i'm losing the entrance in allot of potential trades...
i'm not debating the gavin aptitude of analyzing a chart for sure i'm the one who misses something here, but what?
here are the videos
Inserted Video

Inserted Video
  • #20,326
  • May 24, 2011 9:04pm May 24, 2011 9:04pm
Quoting s7c
gavin said a high probability trade is the one which is in the direction of the trend and for that you need to check multiple time frames.
in the recent youtube videos he's looking to go long on 15min chart because today was a up day and in order with the trend day he's looking for sign's of strenght, he takes in consideration the potential signs of weakness though but just looking at 15 min chart.
what i don't understand is "trading with the trend, the trend is your friend" quote... on D, 4H, 1H the trend is down and at 4h, 1h we have a wide...
Really enjoyed those vids thanks.

So Gavin is willing to take a long after an ultra high volume up bar. It did close on the highs though. The next bar was down. He mentioned something similar being the start of *his* uptrend (except opposite)

So Gavin had some trend indicators in place that gave him confidence to take a long, here he mentioned a really interesting concept: after you see some supply hitting the market, if the trend is up and you see testing instead of the market "coming off" then this is a sign that the professional side of the market is ready for another leg up. This is very very interesting.
  • #20,327
  • May 24, 2011 9:06pm May 24, 2011 9:06pm
Here is a one hour EU chart with a 34 hull. The marked bar is potential stopping volume.

I'd like to see a rally to that supply I've marked in blue
Attached Image (click to enlarge)
Click to Enlarge Name: m24b.jpg Size: 73 KB
  • #20,328
  • May 24, 2011 11:46pm May 24, 2011 11:46pm
Quoting HiddenGap
Check your email. Gavin has a new youtube video where he shows a nice VSA trade in the ES on a 2 minute chart.
Hello HiddenGap! I have watched this video. And what confused me, are 2 down bars with UHigh volume. After first one we have testing. So why Gavin wants the price to go down? If I were in this market I would be watching for buy signals after those SOS.

Thank you!
  • #20,329
  • May 25, 2011 12:08am May 25, 2011 12:08am
Quoting sony
Thanks for the comments Belj.

I am alredy on BE now... entry was 1.4115..so will leave it..Here is 10 pm and i never trade in this time but we were in upper level of that 4h uptrust and i was sure that we are not gonna brake throu high on such a low volume..

Will leave it and hope i will wake up as a millioner tomorrow...lol

All the best

My first take profit got hit..I might get out of here now....1.4035
Work smart not hard
  • #20,330
  • May 25, 2011 12:12am May 25, 2011 12:12am
As i can see here is support on the left side so..better to close position..Also what i would like now to see is an up move into 1.4077 area and if we get there an no demand uptrust buying climax i will get in again with a short..But we will see
Work smart not hard
  • #20,331
  • May 25, 2011 2:31am May 25, 2011 2:31am
EU-M15

Like Pipperhour would say, that was technically NS.
  • #20,332
  • May 25, 2011 3:54am May 25, 2011 3:54am
Pres, very nice indi you posted, VS PIVOTSD

It works perfect ...I am watching it already several days on the charts
Work smart not hard
  • #20,333
  • May 25, 2011 3:55am May 25, 2011 3:55am
That last bar EU-M15, how to know that if this high volume is absorption volume or supply swamping demand?
  • #20,334
  • May 25, 2011 4:05am May 25, 2011 4:05am
Hello everybody this is focused for begginers to intermediate VSA users, it is a chart of a quiz, from the "Chart Reading Master Class" of www.tradeguider.com, you have to answer the questions asked on the Graph, later (in this case me and 24 hours after I upload the chart) will put the answers given by Tom and Gavin for the chart, so we can compare the results!

PD: I dont know the answers and I will upload my answers too, lets see if we are getting the VSA concepts right.

-----------

http://img21.imageshack.us/img21/9220/crmc3.jpg

Uploaded with ImageShack.us
Greetings, BeLikewater
  • #20,335
  • May 25, 2011 4:27am May 25, 2011 4:27am
Trade i took on Cable this morning.

Trigger bar 2 is the important one. This was from a news announcement this morning. A widespread bar closing in the middle on u high volume, good chance there was buying. Next bar was up confirming some buying. The 15min also looked like a shakeout. I would have preferred a more defined move away from the trigger, perhaps to 1.6160 and then come back to test but that's in an ideal world. The next bar printed a really narrow range, volume less than previous two, closing in the middle. Perfect little No supply bar. Set an order on the high of this and it hit profit at 1.6180.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5min.jpg Size: 171 KB
  • #20,336
  • May 25, 2011 4:28am May 25, 2011 4:28am
Quoting Trader_X
EU 30m upthrust??? but you need to see more than just an upthrust right?..weakness in the background and maybe a ND,
Yes, something like that and when you see bull market with UT`s and ND`s, it is like warning signals that bull market is maybe not strong.
Yesterday EU-M30 was looking good when increasing volume in up moves and decreasing volume in down moves until that last leg and then it came down.
  • #20,337
  • May 25, 2011 4:39am May 25, 2011 4:39am
Quoting BeLikeWater
Hello everybody this is focused for begginers to intermediate VSA users, it is a chart of a quiz, from the "Chart Reading Master Class" of www.tradeguider.com, you have to answer the questions asked on the Graph, later (in this case me and 24 hours after I upload the chart) will put the answers given by Tom and Gavin for the chart, so we can compare the results!
A: UT
B: UT
C: UT
D: 2 bar reversal
E: UT

Probably distributing
  • #20,338
  • May 25, 2011 4:48am May 25, 2011 4:48am
Quoting Mtm
A: UT
B: UT
C: UT
D: 2 bar reversal
E: UT

Probably distributing
Me being picky but i'd call bar E a trap upmove, both have the same effect but a trap upmove happens on a much wider spread and as the name suggests, really traps in longs. Pushes up before quickly collapsing to the lows and continuing to push down.
  • #20,339
  • May 25, 2011 4:53am May 25, 2011 4:53am
ALERT

Im programming EA using VSA concepts, it is danger because it can make you too much money!

Anyone out there is programming EA using VSA concepts in MT4?

If you do, how have you managed to use good volume for higher timeframes?

In case you are using another plataform with better volume data, please let me now.

PD: I can program near everything for MT4, Scripts, EA, Indicators related to VSA, I will program them for FREE
Greetings, BeLikewater
  • #20,340
  • May 25, 2011 4:58am May 25, 2011 4:58am
Quoting sony
Pres, very nice indi you posted, VS PIVOTSD

It works perfect ...I am watching it already several days on the charts
The levels are very handy...
Today's zone = Tomorrow's opportunity!
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