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vsa with Malcolm

  • #20,661
  • Jun 1, 2011 7:22pm Jun 1, 2011 7:22pm
Quoting pres78
Quiet day today... 1 post about a short trade and no other charts or VSA trade discussions. Too bad.
Dear Pres -

What are your VSA thoughts about hitting 1,45 on the Euro this week. I, too, was watching 1,4400 - 1,4370 area for a bounce, but will wait for London open to look for long/short opportunities. It's hovering around 1,4330 at the moment.

Regards,

Momo.
  • #20,662
  • Edited 8:29pm Jun 1, 2011 7:46pm | Edited 8:29pm
Quoting Momomoney
Dear Pres -

What are your VSA thoughts about hitting 1,45 on the Euro this week. I, too, was watching 1,4400 - 1,4370 area for a bounce, but will wait for London open to look for long/short opportunities. It's hovering around 1,4330 at the moment.

Regards,

Momo.
Just as I was concerned about (per an ealier post) we saw a bounce at 4450 zone. If 4320 holds leading into USD emploment claims with no close below on the hourly or higher TF then 4500 should be tested this week (possibly today)... NFP Friday so really the remainder of the week is a wild card... A few EU banks on holidays today as well so we may see NY move the market with the USD news 30 mins after open. Watch for a SO either way leading into NYSE open before they take it in the opposing direction.
Today's zone = Tomorrow's opportunity!
  • #20,663
  • Jun 1, 2011 8:44pm Jun 1, 2011 8:44pm
EU-M15

This happens so often.
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  • #20,664
  • Jun 1, 2011 10:28pm Jun 1, 2011 10:28pm
Looks like E/U getting ready for a move down. See you all at 4250 ish
  • #20,665
  • Jun 2, 2011 12:23am Jun 2, 2011 12:23am
Hi, thank you everyone for posting your idea here.
I would like to ask if vsa is special good method for some paires or could use it for all?
  • #20,666
  • Jun 2, 2011 3:43am Jun 2, 2011 3:43am
Quoting juhanimi
EU-M15

This happens so often.
So, when ND or NS comes in EU-M15 and there is somekind of level on the left, often after that, we will see 2-3 bars reversal (upthrust/shakeout).

Inserted Video
  • #20,667
  • Jun 2, 2011 4:41am Jun 2, 2011 4:41am
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.

http://img24.imageshack.us/img24/1844/crmc4.jpg...
1)Stopping volume.
2)NS. Low vol where we previously saw Uhigh vol.
3)Shakeout
4) Test in a rising market
5) Vol is low. NS bar. Some support.
  • #20,668
  • Jun 2, 2011 5:10am Jun 2, 2011 5:10am
I went long on USD/JPY but the market came down... Don't know what went wrong...
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  • #20,669
  • Jun 2, 2011 5:20am Jun 2, 2011 5:20am
I didn't do this short trade on USD/CHF, but it would be a good trade. I didn't enter because I was suspicious of that last bar I commented, that looked more like a test than a no demand.

And that I bar where I wrote 'Bearish volume', I meant the next bar to that.
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  • #20,670
  • Jun 2, 2011 6:00am Jun 2, 2011 6:00am
Quoting Jasus
I went long on USD/JPY but the market came down... Don't know what went wrong...
Maybe it`s good to look different timeframes, maybe there is something that you don`t see from M15.
  • #20,671
  • Jun 2, 2011 6:18am Jun 2, 2011 6:18am
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....
a - stoppong vol

b - test

c - shakeout/ high vol test

d - hidden test

e - test

Up we go i think.

edit - and D would have been my entry as its right on trigger level.
  • #20,672
  • Jun 2, 2011 6:27am Jun 2, 2011 6:27am
Quoting Jasus
I went long on USD/JPY but the market came down... Don't know what went wrong...
Hi,

From the perspective of 15min timeframe it was countertrend trade. If you made your decision on the basis of this time frame, you should ignore signs of strenght (according to what Gavin says). In my opinion it was very aggresive entry, as price didn't even brake previous LH. Odds were not on your side in this case.

I can imagine that it looked tempting but it would be way too risky for me to take.

Also, look at the daily chart. I can see major weakness there high vol up with the next bar closing lower.

I hope it helps.
Cheers
Chris
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #20,673
  • Jun 2, 2011 6:35am Jun 2, 2011 6:35am
Different timeframes...

This is technically NS in EU-H4, at support level, but difficult to trade that, but looking H1 at the same time, you can see much better NS there.
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  • #20,674
  • Jun 2, 2011 7:36am Jun 2, 2011 7:36am
Quoting juhanimi
Different timeframes...

This is technically NS in EU-H4, at support level, but difficult to trade that, but looking H1 at the same time, you can see much better NS there.

Personally I would call is a nsp (no selling pressure) as no supply bars have to be smaller in spread than the last 4 bars. Just makin sure anyone new to vsa doesnt see these bars as a trigger to take a trade.
  • #20,675
  • Jun 2, 2011 7:48am Jun 2, 2011 7:48am
Quoting NaughtyPip
Personally I would call is a nsp (no selling pressure) as no supply bars have to be smaller in spread than the last 4 bars. Just makin sure anyone new to vsa doesnt see these bars as a trigger to take a trade.
Yes, it`s okey for me. No selling pressure in H4, and NS in H1.
  • #20,676
  • Edited 8:29am Jun 2, 2011 8:17am | Edited 8:29am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
I just took (I entered in the trade 1h or so ago, the just refers my thought in posting here, sorry for confusion) a short in gbp/usd based on my new concept of trading with the trend and the sow from 15 min chart confirmed by the no demand 4 bars later...it's prety funny but the Gbp/usd at this point reflect perfectly my trading with the trend problem which with your help looks like is starts to get better.
I want to thank you to all who post their impresion regarding my uncertainty...
Sorin
  • #20,677
  • Jun 2, 2011 8:26am Jun 2, 2011 8:26am
Quoting Jasus
I went long on USD/JPY but the market came down... Don't know what went wrong...
Some would say to look at multiple time frames, and they would not be wrong.

However, I would say that you are trading against the trend of that chart and that alone is enough to know.

My way is neither the only nor the best, but take a look at my chart and you can see reasons why you should not have taken a long.

Gavin would not have taken that trede either for whatever that is worth.

EDIT: Best entry on the chart is missed-the No Demand into the trigger level.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #20,678
  • Jun 2, 2011 8:53am Jun 2, 2011 8:53am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting HiddenGap
Some would say to look at multiple time frames, and they would not be wrong.

However, I would say that you are trading against the trend of that chart and that alone is enough to know.

My way is neither the only nor the best, but take a look at my chart and you can see reasons why you should not have taken a long.

Gavin would not have taken that trede either for whatever that is worth.

EDIT: Best entry on the chart is missed-the No Demand into the trigger level.
Hidden gap regarding your indicators, I looked on dacharts.org site without success. Can you point me into right direction?
Thank you much again for your post
  • #20,679
  • Jun 2, 2011 2:57pm Jun 2, 2011 2:57pm
Thanks Baniu and HiddenGap for the analysis, very helpful

Indeed the daily shows weakness, and I even saw that before trading but ignored it. I'm incorporating multiple time frame analysis in my trading, and just learned a lesson from this one.

On the trend, I guess I don't know how to identify if the trend is down or not. Here the prices were bouncing off a support, and the HMA of 15 and 21 bars were green when I took the trade.
And what exactly are trigger levels? I've seen people talking about them here but never really understood. Anyone mind explaining or pointing me to any video/link that explains it? Thanks
  • #20,680
  • Jun 2, 2011 3:00pm Jun 2, 2011 3:00pm
please comment on this short i took, resulted in quick 30 pips in 5 minutes, and risk was low due to daily range maxed out, but looking for comments on the VSA setup, particularly the bar I have marked as "what is that" (narrow range down bar on lowest volume of the day) This is a 5M chart. also note the top is the low of the May 5th breakdown and EU was approaching that on lowering volume.

Any thoughts on EU direction? sellers were found at 1.45 as to be expected, yet price has not fallen off very far and the 50 pip drop from the top was on 'bad' eu news....looks suspicious, but mostly clear as mud.
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Change is the only constant
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