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vsa with Malcolm

  • #20,961
  • Jun 10, 2011 3:45am Jun 10, 2011 3:45am
Quoting dvarrin
This is what I don't understand HiddenGap. We saw a few wide spread down bars on very high volume showing some weakness. And at the bottom of the move we have an up bar showing some buying coming in. At this point VSA is giving SOS. Then What else are you using in your trading tools to say that we have to stay on the short side? Price action?, ...
here is a quote from crucial point that to me sums you up right now "The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?"

  • #20,962
  • Jun 10, 2011 4:17am Jun 10, 2011 4:17am
Quoting NaughtyPip
here is a quote from crucial point that to me sums you up right now "The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?"
So you mean we have to look at trend and price action first and then we follow VSA signals only if they are going with the trend?
  • #20,963
  • Jun 10, 2011 4:18am Jun 10, 2011 4:18am
Quoting dvarrin
So you mean we have to look at trend and price action first and then we follow VSA signals only if they are going with the trend?
Yes.
  • #20,964
  • Jun 10, 2011 4:20am Jun 10, 2011 4:20am
What i was also getting at is that you need some foundations to build your vsa skills on. And the foundations arent taught in this thread.
  • #20,965
  • Jun 10, 2011 4:21am Jun 10, 2011 4:21am
Quoting Jasus
GU was really the only pair I would have traded today (wasn't at home ).
Very nice
  • #20,966
  • Jun 10, 2011 4:26am Jun 10, 2011 4:26am
Quoting Trader_X
heres the trade i took today....i missed the big drop but..after the run the trend is clearly down so at my skill level i wouldnt even think about a long trade until i saw price move up, come back down and test..then id need to see some other form of strength..so short or nothing for today!!! price retraced and the 30m TG showed ND , first chart! (im posting using MT4 cause i havent figured out how to post TG charts yet) Now i knew this was a riskyer trade because we had already had all that action and it was at lunch time(US)..chances are if it...
The bar you marked as 'ND' in your first chart is not a ND. The spread is far too wide. The bar previous to that is however a ND. The bar you marked as 'Test' in your 2nd chart is about the poorest example ever. The close is far too low. It should close towards the high, at very least in the top portion.

At that time of day everything will be on low volume so the low volume signals are unreliable unless they are ultra low. Your general thinking hoever was spot on.
  • #20,967
  • Jun 10, 2011 4:30am Jun 10, 2011 4:30am
Quoting dvarrin
On my side I would have been more bullish after that down move. The last wide spread down bar is on very high volume and the next bar is up. As Gavin says: How could price move higher is SM was not buying on that big volume down bar?

Look! My thinking is completely the opposite of what it is!! :-((((((((((((((((((((((((((
A quiz question just for dvarrin:-

The wide spread down bar closing off the low on high volume, you are talking about, what does that mean in VSA terms?
  • #20,968
  • Jun 10, 2011 4:35am Jun 10, 2011 4:35am
Quoting NaughtyPip
Yes.
Anybody knows where I can learn that?

All I know is:

The market is either trading in a range or trending.

In an up trend, the price is doing Higher highs (HH) and higher lows (HL)
In a down trend, the price is doing lower lows (LL) and lower highs (LH)

When we are in a trend, it is more likely that it continues in the same direction, so it's a bad idea to focus on trend reversal.

When an up trend is likely to reverse it needs to break below previous significant HL and then make a LH. If it then breaks below the new LL, then the reversal is confirmed. Or an other reversal pattern is to make a LH, then breaks below previous HL to make a new low and then make a Lh again. And confirmation is when it breaks below previous LL. And the reverse for a down trend.

In an uptrend volume should increase on up moves and decrease in retracement.

In a down trend volume should increase in down move and decrease during rallies.

We can see divergence when the price is making a new high/low, but the volume is lower than before, but we have to wait for confirmation of reversal.

Where can I learn the other things?
  • #20,969
  • Jun 10, 2011 5:13am Jun 10, 2011 5:13am
Hi NaughtyPip,

"here is a quote from crucial point that to me sums you up right now "The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?"

May I ask you how you defined the trend in your trading? and may be you could explain your process.

(GPBUSD is in an up move on daily, but on 15 min price has fallen since 29 May), which trend are your trading?

thanks

Gerry
  • #20,970
  • Jun 10, 2011 5:26am Jun 10, 2011 5:26am
how to define the price action related to the volume bars and the demand level (marked with white box) in the circled area?

Im still learning volume actions and would appreciate your comments and thoughts on this one.

Kind regards
Jonas


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Hero calls followed by margin calls...
  • #20,971
  • Jun 10, 2011 5:27am Jun 10, 2011 5:27am
Quoting Intel
A quiz question just for dvarrin:-

The wide spread down bar closing off the low on high volume, you are talking about, what does that mean in VSA terms?
It depends on the volume. If it is not ultra high volume I think it should be Stopping volume. And if it is in new ground and ultra high volume, then it is likely selling climax.
  • #20,972
  • Jun 10, 2011 5:30am Jun 10, 2011 5:30am
Ok guys, as I receive private messages telling me I'm polluting the thread with all my questions I want to thank you for what I've learned here and say good bye to all nice people here!

Wish you all the best!
  • #20,973
  • Jun 10, 2011 5:35am Jun 10, 2011 5:35am
Quoting dvarrin
Ok guys, as I receive private messages telling me I'm polluting the thread with all my questions I want to thank you for what I've learned here and say good bye to all nice people here!

Wish you all the best!
Mal is the only one who has that right. I for one, have no issue with your questions.
  • #20,974
  • Jun 10, 2011 5:36am Jun 10, 2011 5:36am
Quoting dvarrin
It depends on the volume. If it is not ultra high volume I think it should be Stopping volume. And if it is in new ground and ultra high volume, then it is likely selling climax.
I dont want the name of the bar, I want you to describe what the bar means in vsa terms eg what is happening in the market.
  • #20,975
  • Jun 10, 2011 5:45am Jun 10, 2011 5:45am
Calm down...read MTM, Tom W. and that another book of Gavin

Watch charts...alive and there is now way that on the end you will end up with such a questions...

Yes i also have the same prob. as you are but i am aware that this is slow process and that we need years to get to some level wich can give us positiv results

Off topic..Guys if there is any good program for draing over screen wich you can suggest me....I used some but there are full of bugs

Please i would like to download something good

Bye
Work smart not hard
  • #20,976
  • Jun 10, 2011 5:46am Jun 10, 2011 5:46am
Quoting PhAnTi'
how to define the price action related to the volume bars and the demand level (marked with white box) in the circled area?

Im still learning volume actions and would appreciate your comments and thoughts on this one.

Kind regards
Jonas


Attachment
Hmm that chart shows stopping volume above the support, that's very strong. I look for the same signals near support/resistance that I'd look for if prices weren't near support/resistance. Stopping volume, Shake-outs, Bottom/Top reversal, UTs, Heavy supply, NDs, etc...
But near support/resistance I watch if volumes dry-out or not and if spreads widen or get narrow. Narrow spreads and low volume up bars near a resistance for example is weak, it shows that SM is not interested in pushing through supply.

On that chart I'd wait for prices to trend up and enter on NS/Test.
  • #20,977
  • Jun 10, 2011 6:15am Jun 10, 2011 6:15am
Quoting biker883
Hi NaughtyPip,

"here is a quote from crucial point that to me sums you up right now "The alphabets are the basics... Trading with the trend are the basics... The difference between a Professional and an Amateur is that a Professional have mastered the basics. How far do you think you will go without mastering the basics?"

May I ask you how you defined the trend in your trading? and may be you could explain your process.

(GPBUSD is in an up move on daily, but on 15 min price has fallen since 29 May), which trend are your trading?

thanks...
Defining a trend for me has to do with probability. If you look at a 15 min chart and its moving from the top left to bottom right then 15 min is in down trend. If the 4 hr we are in a retracement of an uptrend then I dont care, the chances of that 4hr retracement turning around and going back up in the time it takes me to gain 30 pips from a 15 minute chart that has been moving down for the last 50 intervals is small. So i define the trend based on the timeframe im trading from. This doesnt mean i dont look at other timeframes, I do, but if you are waiting for 3 time frames to line up all the time then you can be waiting for days.
  • #20,978
  • Jun 10, 2011 6:32am Jun 10, 2011 6:32am
hidden gap...thanks for your input..helpful as always! cheers
intel...i agree with you on that ND not really looking like an ND..TG RT labeled it a ND w/ an average spread..but TG does miss sometimes...im really glad you brought this up bevause i remember looking at it at the time and thinking gee that seems kinds wide to be ND!...excellent point intel
as forthe test it was on a 10m chart which i cant post using mt4 so i made due with 15m...the gest part is i feel like i am starting to line my thinking up with sm, slow but surely!!! and at this stage of the game that is my goal...thanks so much for your post!
There was some great feedback here on this one chart...really helped me out !

fusion...try broco..they have E6 demo charts, futures, all that
best regards, john
  • #20,979
  • Jun 10, 2011 6:55am Jun 10, 2011 6:55am
id like to try to answer your quiz question...in the bar you described, since it closed off the low i d be thinking some demand stepped in but would need to see the close of the next bar to confirm this...regards, john
  • #20,980
  • Jun 10, 2011 6:55am Jun 10, 2011 6:55am
Quoting dvarrin
Ok guys, as I receive private messages telling me I'm polluting the thread with all my questions...
this is a public forum.
u have the right to ask questions & stay/post in any thread that u like.
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