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vsa with Malcolm

  • #20,701
  • Jun 2, 2011 11:06pm Jun 2, 2011 11:06pm
Quoting mrscooting
Now that's how you teach VSA...ripping apart charts...nice job...
You're half right..... That's also how you LEARN VSA.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #20,702
  • Jun 2, 2011 11:07pm Jun 2, 2011 11:07pm
Quoting pres78
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......
Dear Pres -

I don't understand, could please explain the last two paragraphs? The part about taking the countertrend trade. Sorry, I didn't follow what you meant.

Thanks,

Momo.
  • #20,703
  • Jun 2, 2011 11:33pm Jun 2, 2011 11:33pm
Quoting Momomoney
Dear Pres -

I don't understand, could please explain the last two paragraphs? The part about taking the countertrend trade. Sorry, I didn't follow what you meant.

Thanks,

Momo.
First paragraph we have two big signs of weakness...
1.ultra high volume bar closing off highs.
2.next bar up big drop off in volume and very very small spread compared to the previous bar. Where's the buyers?

"need to wait to see if absorption or weakness" means we need to wait to see if this is legitimate buying interest(gobbling up all the resistance to higher prices ie supply) or real weakness(okay guys nice upmove but I think I'll get off the train here at the top)

I think the 2nd is pretty self explanatory.

countertrend because of higher high slightly and higher lows.
  • #20,704
  • Jun 3, 2011 2:00am Jun 3, 2011 2:00am
hey guys where do i get the better volume indicator from?
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #20,705
  • Edited 3:07am Jun 3, 2011 2:20am | Edited 3:07am
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.

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
hmmmm my broco volume looks very different to that. perhaps thats why i cant spot a lot of this on mine, dodgy volume feed?
Attached Image (click to enlarge)
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  • #20,706
  • Jun 3, 2011 3:20am Jun 3, 2011 3:20am
vsa with Malcolm - is going to new level - almost 2 million views and 20 000 replies
  • #20,707
  • Jun 3, 2011 4:31am Jun 3, 2011 4:31am
Quoting rahulkghosh
hey guys where do i get the better volume indicator from?
they are mt4 ones..upload them to the indicator folder..and load on to the chart.(attached image)

good luck..
Attached Image (click to enlarge)
Click to Enlarge Name: 03-06-2011 10-35-02.png Size: 16 KB
Attached File(s)
File Type: mq4 BetterVolumeTicks.mq4   5 KB | 718 downloads
File Type: mq4 BetterVolume ChartBars part2 1.4.mq4   4 KB | 726 downloads
File Type: mq4 BetterVolume ChartBars part1 1.4.mq4   5 KB | 732 downloads
  • #20,708
  • Jun 3, 2011 4:44am Jun 3, 2011 4:44am
Quoting HiddenGap
You're half right..... That's also how you LEARN VSA.
Exactly...
Today's zone = Tomorrow's opportunity!
  • #20,709
  • Jun 3, 2011 4:52am Jun 3, 2011 4:52am
Quoting Nverstop
First paragraph we have two big signs of weakness...
1.ultra high volume bar closing off highs.
2.next bar up big drop off in volume and very very small spread compared to the previous bar. Where's the buyers?
Point 2 is correct but also there is a little more there. Drop off in volume from the previous bar but it is still the second highest volume bar (for me and my broker) in the last 9 bars which is why I labelled it as a squat. Still good volume there showing some buying (since it was an upbar) but it didn't go anywhere and didn't break the high of the climax bar showing the buyers were being overpowerer by the supply with this becoming clear on the following reaction downbar... SOW all confirmed right after with the ND into the trigger.
Today's zone = Tomorrow's opportunity!
  • #20,710
  • Jun 3, 2011 4:52am Jun 3, 2011 4:52am
Quoting Momomoney
Dear Pres -

I don't understand, could please explain the last two paragraphs? The part about taking the countertrend trade. Sorry, I didn't follow what you meant.

Thanks,

Momo.
Trend all day had been up and we were shorting against it.
Today's zone = Tomorrow's opportunity!
  • #20,711
  • Jun 3, 2011 4:55am Jun 3, 2011 4:55am
Anyone got any action on today's london session?
  • #20,712
  • Jun 3, 2011 5:03am Jun 3, 2011 5:03am
I had a 2 longs EU, closed allready with small win.
Have to wait NFP.
  • #20,713
  • Jun 3, 2011 5:03am Jun 3, 2011 5:03am
Quoting Jasus
Anyone got any action on today's london session?
Nope, not here anyway. With NFP later it's going to be quiet. I'll probably be staying out until the dust has settled after the announcement.
  • #20,714
  • Jun 3, 2011 5:05am Jun 3, 2011 5:05am
Quoting juhanimi
I had a 2 longs EU, closed allready with small win.
Have to wait NFP.
Can you show the charts? I didn't go long on EU because the trend was down, but if I did I wouldn't have taken more than 12 pips
  • #20,715
  • Jun 3, 2011 5:08am Jun 3, 2011 5:08am
it will go to the level of failure or new manipulation tactics to deal with, thats what such attention-whoring like with this thread leads to.

thats the way how good things begin too fail, screaming it out too loud for everybody to spot. don't you think at ff a whole bunch of the intelligent money is reading and gauging the mood? the informational flow goes from such places over to the institutional level and so on...


Quoting juhanimi
vsa with Malcolm - is going to new level - almost 2 million views and 20 000 replies
  • #20,716
  • Jun 3, 2011 5:10am Jun 3, 2011 5:10am
eu.m15
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  • #20,717
  • Jun 3, 2011 5:12am Jun 3, 2011 5:12am
Quoting Dr.Geppynius
it will go to the level of failure or new manipulation tactics to deal with, thats what such attention-whoring like with this thread leads to.

thats the way how good things begin too fail, screaming it out too loud for everybody to spot. don't you think at ff a whole bunch of the intelligent money is reading and gauging the mood? the informational flow goes from such places over to the institutional level and so on...
Only way to stop this, is that they do not show volume.
And there are stocks, futures and so on.
  • #20,718
  • Edited 5:41am Jun 3, 2011 5:29am | Edited 5:41am
And one more thing.
I am sure that not so many can make money with VSA, so it looks like, and these threads has been years in forex forums and TradeGuider is, what 10 years old company.
It takes real effort to master the markets, and many do not have that patience to learn. And even if you learn, you still can make bad trades, thinking about that Philip with 20 years with VSA and Gavin 8-9 years.

Edit: And Malcolm has few years with VSA, but about last 6 his predictions was wrong, I have few years with VSA and May 13, I took so heavy losses, that it took 2 weeks to get back my money, still learning, every day.
VSA is not really easy, only to Tom Williams it is easy.
  • #20,719
  • Jun 3, 2011 5:51am Jun 3, 2011 5:51am
Quoting juhanimi
EU-M15

These trendlines are drawn in May 20.
They call them dynamic trendlines.
And VSA is not only way to make money.
You can make money even with trendlines or with indicators.
Isn`t that nice?
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  • #20,720
  • Jun 3, 2011 6:06am Jun 3, 2011 6:06am
I think that why Tom Williams is so good with VSA.
When he was starting, they got price and then they draw daily candlesticks, or bars without open price, so they had time to really think what that daily bar and daily volume really means.

And compare that with Gavins trading from 2-3 minutes charts.
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