vsa with Malcolm | Page 1035 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #20,681
  • Jun 2, 2011 3:12pm Jun 2, 2011 3:12pm
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...
A. End of Accumulation
B. Test
C. Buying Pressure
D. Shake-Out
E. No demand

Volumes are too low. They won't break resistance.

Short.
  • #20,682
  • Jun 2, 2011 3:18pm Jun 2, 2011 3:18pm
Quoting Jasus
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...
I mean this respectfully and this goes out to anyone else here that is new to vsa, If you dont know how to identify the trend for the timeframe you are trading, you really need to go back to basics before investing your time into learning vsa. (Actually, tom williams gives a pretty good common sense aproach to identifying the trend in Master the Markets) Also, if you have read something in this thread and your not too sure what it means, id try searching for it first before asking because it just clogs up the thread and drives the majority of the more experienced members away.
  • #20,683
  • Jun 2, 2011 3:19pm Jun 2, 2011 3:19pm
Quoting Jasus
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
38 min...


http://www.tradeguider.com/customer/..._intro/5a.aspx
  • #20,684
  • Jun 2, 2011 3:28pm Jun 2, 2011 3:28pm
Quoting tgwhbb
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)...
I would call the bar before it No Demand and the bar after it a Squat. Both signs of weakness.

Because the range is wider then the prior bar and it is closing near its low, I would call it No Selling Pressure. With the signs of weakness in the background, this would not be a true sign of strength. For whatever reason, it looks like the BBs simply were not active during that interval. Their lack of activity did cause the next bar to be up (the squat). But they came in and kept the range narrow immediately selling to any would be buyers and telling us their true intentions were for lower prices......

well done sir
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #20,685
  • Jun 2, 2011 3:36pm Jun 2, 2011 3:36pm
Quoting pres78
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.
So MOMO I hope you caught some of the move up to 4500 today...
Today's zone = Tomorrow's opportunity!
  • #20,686
  • Jun 2, 2011 3:39pm Jun 2, 2011 3:39pm
Quoting tgwhbb
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.
With NFP hard to say but 4600-4650 not out of the question tommorow. That pre London close SO from 4500 was definately bought...
Today's zone = Tomorrow's opportunity!
  • #20,687
  • Jun 2, 2011 3:45pm Jun 2, 2011 3:45pm
so what is up next week after tomorrows new high probably?
  • #20,688
  • Jun 2, 2011 4:04pm Jun 2, 2011 4:04pm
I generally trade 4 hour charts. But I've been trying out a lot of VSA on m15 charts intraday as of late. So ya, trying out on the dukas competition and I'm #1. . Everyone else is like... whaaa? With their MACD's and stochs and fundies crap.

http://www.dukascopy.com/traderconte...er=rahulkghosh
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #20,689
  • Jun 2, 2011 4:25pm Jun 2, 2011 4:25pm
Quoting juhanimi
38 min...


http://www.tradeguider.com/customer/..._intro/5a.aspx
Thanks

Quote
I mean this respectfully and this goes out to anyone else here that is new to vsa, If you dont know how to identify the trend for the timeframe you are trading, you really need to go back to basics before investing your time into learning vsa. (Actually, tom williams gives a pretty good common sense aproach to identifying the trend in Master the Markets) Also, if you have read something in this thread and your not too sure what it means, id try searching for it first before asking because it just clogs up the thread and drives the majority...

I'm not new to VSA. Trends are tricky to classify, if I remember correctly, Sebastian would classify that chart as being on an uptrend. And the down trendline was just broken...
  • #20,690
  • Jun 2, 2011 4:30pm Jun 2, 2011 4:30pm
Quoting rahulkghosh
I generally trade 4 hour charts. But I've been trying out a lot of VSA on m15 charts intraday as of late. So ya, trying out on the dukas competition and I'm #1. . Everyone else is like... whaaa? With their MACD's and stochs and fundies crap.

http://www.dukascopy.com/traderconte...er=rahulkghosh
But VSA doesnt work in forex!!!
  • #20,691
  • Jun 2, 2011 4:46pm Jun 2, 2011 4:46pm
Been a real pain to trade this week I feel. The fun is only beginning with the NFP coming up tomorrow.
  • #20,692
  • Jun 2, 2011 4:54pm Jun 2, 2011 4:54pm
Quoting KinsaleForex
Been a real pain to trade this week I feel. The fun is only beginning with the NFP coming up tomorrow.
It hasn't looked too bad after Mondays range day. We have a couple of nice trend days. Strength has been apparent most of the week with a few drops to shake out the weak holders.
Today's zone = Tomorrow's opportunity!
  • #20,693
  • Jun 2, 2011 5:08pm Jun 2, 2011 5:08pm
Quoting pres78
It hasn't looked too bad after Mondays range day. We have a couple of nice trend days. Strength has been apparent most of the week with a few drops to shake out the weak holders.
Between the bank holiday on Monday and me working Wednesday morning i guess i'm just a little out of sync with it all.
  • #20,694
  • Jun 2, 2011 6:28pm Jun 2, 2011 6:28pm
Watch for possible reaction at 4470 area... Major volume surge with buyers found on 15min chart in this zone today.
Today's zone = Tomorrow's opportunity!
  • #20,695
  • Jun 2, 2011 7:22pm Jun 2, 2011 7:22pm
Here is my 15min chart with what I saw today... just a chart no long winded post. Sorry if the chart is cluttered looking but there is just so much there.

I love disecting SM movements...

Anyway back to taking some time off since the thread she seems to be dying off... maybe I will write that book
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 44 KB
Today's zone = Tomorrow's opportunity!
  • #20,696
  • Jun 2, 2011 7:33pm Jun 2, 2011 7:33pm
Quoting pres78
I love disecting SM movements...
Me too

Would you have taken that short on the EU, after that no demand?
  • #20,697
  • Jun 2, 2011 7:59pm Jun 2, 2011 7:59pm
Sorry that the detail is all crammed into the bottom right corner of this chart, but I think the Price Action in the background is important.

1. Long down move.
2. Possible stopping volume.
3. Price moves sideways.

My thought is that the longer this moves sideways, the more likely it is accumulation, and the bigger the forthcoming up move will be.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 135 KB
  • #20,698
  • Jun 2, 2011 8:12pm Jun 2, 2011 8:12pm
Quoting Jasus
Me too

Would you have taken that short on the EU, after that no demand?
Yes it was a perfect ND. 2 big possible SOW right in a row as we passed up through Tuesday high. Now we needed to wait to see if what we were seeing was absorption or weakness.

Supply entered on that first bar and was confirmed by the squat showing that weakness was there (double top high). Downbar showing some reaction to the supply and that ND with it's high at 4472 which was the trigger close level of that 15min supply enter bar to the pip. SOW's confimation of supply and a ND into a sellers trigger... Entry should be good for a least a few...

Countertrend... sure. But we had enough retrace room to make this a low risk entry. Plus at the time there was enough weakness that this could well have been a reversal point.

Turns out that it was just a 50 fib retrace of the days move (oh and a 38.2 fib retrace of yesterday's move) conincedence? Nope. Buyers found at 4400 and VSA got you back out with 45-50 pips.
Today's zone = Tomorrow's opportunity!
  • #20,699
  • Jun 2, 2011 9:27pm Jun 2, 2011 9:27pm
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting Jasus
Thanks



I'm not new to VSA. Trends are tricky to classify, if I remember correctly, Sebastian would classify that chart as being on an uptrend. And the down trendline was just broken...
I don't think is any of you surprised if I'm gonna agree with this. Is common sense i think in order to look vor VSA signs you would increase your chance if you have a healthy system on where to look for them.
The gbp/usd is the perfect example...can someone tell me if with what we have right now at the left we are looking for SOS or SOW?
  • #20,700
  • Jun 2, 2011 10:56pm Jun 2, 2011 10:56pm
Quoting pres78
Here is my 15min chart with what I saw today... just a chart no long winded post. Sorry if the chart is cluttered looking but there is just so much there.
Now that's how you teach VSA...ripping apart charts...nice job...
14 traders viewing now