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VSA with Clifton

  • Post #21
  • Quote
  • Edited 4:57pm Jun 5, 2011 2:43pm | Edited 4:57pm
"Potential" and "Confirmed"

Using the 2 definitions I've posted so far (stopping volume and no demand/no supply) let's clarify that these 2 bars alone are not a confirmation, only a potential start.


STOPPING VOLUME:

In this chart, the black line once again represents stopping volume. But we only call it "potential" stopping volume when it appears in real time. We must not have a bar closing below the low of the stopping volume candle for it to become confirmed (in a down trend).

Once the next bar did not CLOSE below our Potential Stopping Volume, then can we label it "Confirmed". In this example the price did go lower then the stopping volume bar, but the close is not lower.

NO SUPPLY:

The no supply (noted with the red line) is a "Potential" no supply until a bar closed above it, 2 bars later. Then it is confirmed and is a typical trade entry. Again we only trade in the direction of our background, and we'll get to that soon.


http://img121.imageshack.us/img121/9361/vsa2.gif
Quoting Clifton
"Potential" vs. "Confirmed"
Why volume bars on your graph are colored like rainbow? Does colour of a volume bar have special meaning?
Quoting cash_machine
Why volume bars on your graph are colored like rainbow? Does colour of a volume bar have special meaning?
No special meaning in it'self, I just like how it highlights the increases and decreases, like pink for lower volume dark blue for high and so on. But it not a necessity. I wouldn't know the exact conditions that must be met for each color..HG would or you can look at the code perhaps.
another volume attention-whoring thread from someone who has no clue which guys are lurking ff?

there is a typo in the entry post, you have written years instead of months
I've noticed that the VSA bunch are the most egotistical and contentious people on the forum. I think what we've seen here further proves it.

This indicates to me it doesn't work.

If it did they would be trading it rather than trying to wreck each others threads.
Quoting billbss
I've noticed that the VSA bunch are the most egotistical and contentious people on the forum. I think what we've seen here further proves it.

This indicates to me it doesn't work.

If it did they would be trading it rather than trying to wreck each others threads.
lol yes they are quite a bunch, I see. But I assure you VSA does work. I'm looking forward to continuing.
Quoting billbss
I've noticed that the VSA bunch are the most egotistical and contentious people on the forum. I think what we've seen here further proves it.

This indicates to me it doesn't work.

If it did they would be trading it rather than trying to wreck each others threads.
"This indicates to me it doesn't work." - No offense, but that is one of the dumbest things and conclusion(s) I've read in quite some time. (And yes I am aware of the irony of my attitude here and what you've tried to contend.)

And how you seem to know it's not being traded by any of us, is also beyond clear thinking.

Nor, have you I expect gone through what has been published in the original VSA thread formally started by Shamus, and the current large thread started by Malcolm.

In the end, I nor the other 'egotistical' traders really don't care. Back to the MACD and RSI.
Quoting Clifton
lol yes they are quite a bunch, I see. But I assure you VSA does work. I'm looking forward to continuing.
Hi Clifton,

I am also looking forward to reading your posts. Some may say it is not the way they trade, but as long as the method is profitable that is all that counts. Please continue sir.
Keep it going. Even when someone doesn't use vsa, he still can take bits and pieces from this or other threads and throw it into his trading system.

And this thread looks much clearer than other vsa ones.
  • Post #30
  • Quote
  • Edited 6:03pm Jun 6, 2011 4:46pm | Edited 6:03pm
Today we saw a clear example of the setup shown in my previous charts. Stopping volume and no supply. (Although u/j didn't move very much today).

It also gives me an opportunity to show how price/volume often acts following this setup.

After we saw the imbalance of supply and demand (stopping volume/then no supply) price showed us that we still had some resistance. That resistance is remaining supply (red supply line).

http://img146.imageshack.us/img146/8282/uj1.gif

The "Push through supply" bar is what I'd like to highlight. That bar clearly tells us, by CLOSING above the supply line, that price is truly attempting to move up.

It's like a car race, as the car crosses the starting line. The resistance has been broken through after the revving up of the engine. This shows us that we once again have the high demand, low supply imbalance and a move up is highly likely.

The low volume test of that level, and subsequent holding shows us one last time that sellers (supply) is not there anymore. This would also be an opportunity to enter the long trade.

This is a 5 min scalp. Seeing this setup on a larger time frame like the 1 hr would obviously increase your target beyond a scalp size.
Hi Clifton,
Thanks for your explanation, it seems very clear and repeatable. I have a few questions if I may.
The supply line, was it previously drawn on the chart or did you just draw it in once the NS candle formed and then the small candles after congregated in this area?
If one was to take this trade, would entry be the break of the push thru supply candle and stop under the supply line?
You mentioned this would be a scalp, do you actually have a target or do you just go for say 10 or 15 pips.
Previously you mentioned that you look at all time frames, is that more to see if there are any similar setups on other frames to trade or more to get the bigger picture for this particular trade on the 5 min?
Finally, if for example we look to trade the eur/usd 5 min, do you typically get multiple trade opportunities per day or is it more a few per week?

Sorry for all the questions, thought I would get them out all in one go.
Best Regards
Keep the thread going...I like how you're using "normal" words to describe the charts...one of the problems with the other main VSA thread is that a lot of the more knowledgeable vsa traders are privately Skyping themselves without sharing their knowledge with the other members...thanks...
Quoting Clifton
Today we saw a clear example of the setup shown in my previous charts. Stopping volume and no supply. (Although u/j didn't move very much today).

It also gives me an opportunity to show how price/volume often acts following this setup.

After we saw the imbalance of supply and demand (stopping volume/then no supply) price showed us that we still had some resistance. That resistance is remaining supply (red supply line).

http://img146.imageshack.us/img146/8282/uj1.gif

The...
Very nice thread & post of UJ Clifton..

I use Wyckoff analysis a lot to identify VSA setups & here is my EJ trade base on that, very similar development s to UJ. Nice to see someone doing trades like this, looking left to trade right here...

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_92 Jun. 07 14.11.gif Size: 23 KB
Quoting mrscooting
Keep the thread going...I like how you're using "normal" words to describe the charts...one of the problems with the other main VSA thread is that a lot of the more knowledgeable vsa traders are privately Skyping themselves without sharing their knowledge with the other members...thanks...
Firstly, Clifton, good luck with the thread, i'm certainly not here to crap all over it.

I couldn't let this comment slide though.

MrScooting, are you actually serious about people not sharing their knowledge? Malcolm's thread has over 20,000 posts. That's TWENTY THOUSAND posts and you're saying people aren't willing to share? Do a bit of back reading and you'll find that knowledge is plentiful within that thread.

You mention "normal" words. What are normal words? Master the Markets or Gavin's new book should be read front to back and back to front before even bothering with a VSA thread. Maybe then you'd understand what people are talking about.

Perhaps people are Skyping each other, they're entirely entitled to. If you're expecting a play by play of every 5min bar that appears throughout the day you're wrong.

Even suggesting that people aren't sharing is offensive.

Carry on.
  • Post #35
  • Quote
  • Edited 1:06pm Jun 7, 2011 12:48pm | Edited 1:06pm
Quoting mrscooting
Keep the thread going...I like how you're using "normal" words to describe the charts...one of the problems with the other main VSA thread is that a lot of the more knowledgeable vsa traders are privately Skyping themselves without sharing their knowledge with the other members...thanks...
Correction about my post...over the past few months a couple of the more knowledgeable vsa traders do more private skyping between themselves than sharing on the main vsa thread...if you go back over the thread certain traders stick out but then recently they have almost disappeared due to their "little" private skyping group...I think this thread is simplifying the vsa concept and will probably give a pretty good background for more traders to go into more advanced vsa concepts and terminology...the only reason why the main vsa thread is not dead yet is due to the fact that not all of the top vsa traders have joined the private skyping club...if that thread loses those last few guys who put alot of work into their high quality vsa post that thread is finished...I'm not bashing the other vsa thread...and yes it is still the best thread on FF...I see nothing wrong with someone starting another vsa thread...who cares...I don't even know who Clifton is...he's just looking at vsa from a different persecutive...for someone like myself who's learning vsa it never hurts to gain knowledge from several sources...
Quoting Dr.Geppynius
another volume attention-whoring thread from someone who has no clue which guys are lurking ff?

there is a typo in the entry post, you have written years instead of months
nice one Dr.G.


Clifton, may i suggest you nip over to Mals thread, read every post by him, Dr.Geppynius, Intel and Hiddengap.

Maybe then you can start a vsa thread of your own.
Seek not to change the world; seek only to change your mind about the world
the only point i was trying to make is the fact, that this magnetizing of attention is toxic. but that's human, finding something which gives you a nice edge when putting enough work and effort in it..then you feel the need to scream it out loud. ff is read by enough guys from a higher level, which make a pretty good living off of your faulty trading decisions. isn't it easier to spot trends across the herd at such spots like ff? arguments like retail traders do not matter does not count, not only retailers read such spots like ff. do you think some model hedgefunds do more than trading simple MA crosses with the right risk management? no.
decent systems do not make their way from the institutional level down to spots like ff, but the other way around from ff to higher levels which are NOT always good. even tough there are tons of crap on ff, there also are some very valuable things. once such things get too much attention it is the beginning of the end...which could present itself in bigger swings, more manipulation. this is how our society works, you cannot give too many an edge over specific things, especially when it is inevitably connected to wealth. it is about the spreading this knowledge, not the fact someone is able to use it and make profits.
understand it or not.

regarding vsa: all you need to know + annotated charts on top, can be found in mals thread.
Clifton, thanks for sharing so far. Please continue because I like your approach and your ability to explain VSA in a simple manner, which not everybody can do. So please don't be put off by the nay sayers, the guru's or anybody else who appear to be threatened by you simply sharing what works for you. It is much appreciated! It amazes me how much energy people seem to invest in discussing the jar instead of tasting the jam!

I have subscribed to this thread and look forward to learning some more

Naz
Come on guys give him a break. malcomb doesnt own the rights of vsa, though his thread is priceless . vsa is agreat TA and more info about it - the better.
Clif doing it his own way with more simple terminology. does it make a problem?? hell no. i saw webbinar of Gary Dayton from vsa club. the whole lesson, he used simple terms as clif does. Gary said he dont wand to use all the terms ( NS SOS ND etc) like in mantra way, and its more important for begginer to understand the concept first in general and the terms are not a "must".
And if the guy says he been trayding for 9 yers with VSA dont dissrespect him. Here in FF everybody claims to be super profitable in forex and every body suspect others of lying obout that. the bottom line we can never know.
so if you dont like the thread simply dont visit it.

cheers
Quoting gez40
nice one Dr.G.


Clifton, may i suggest you nip over to Mals thread, read every post by him, Dr.Geppynius, Intel and Hiddengap.

Maybe then you can start a vsa thread of your own.
So, your standard and highest level of vsa is from Mal, HG, right?

I hope you are profitable
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