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vsa with Malcolm

  • #20,981
  • Jun 10, 2011 6:59am Jun 10, 2011 6:59am
Is the bar under my red arrow is a no demand bar?

It is a down bar , volume lower than 2 previous bars.
After strength in the background.
Attached Image (click to enlarge)
Click to Enlarge Name: tg.gif Size: 22 KB
  • #20,982
  • Jun 10, 2011 7:02am Jun 10, 2011 7:02am
Hi,
i want to share my vsa analyse of this UHV downbar in EU. 1. vertical line: UHV downbar with next bar down closing on the lows. There could be potential buying as we know SM buys into downbars, but it hasnt closed off the lows( more selling than buying?). From now on let the market decide. Next line is a no demand after effort to rise. Next line is a trap upmove in asia session for testing demand. The last line shows again a no demand. What do you want more? There was nothing but selling going on in this UHV downbar. Remember: vsa is 60 % price spread and 30 % volume and its all about the background. I would not go lower than 15 min chart if youre a beginner with vsa.


Attached Image (click to enlarge)
Click to Enlarge Name: uhvdownbar.jpg Size: 126 KB
  • #20,983
  • Jun 10, 2011 7:02am Jun 10, 2011 7:02am
Quoting biker883
Is the bar under my red arrow is a no demand bar?
It is a down bar , volume lower than 2 previous bars.
After strength in the background.
it's NS
  • #20,984
  • Jun 10, 2011 7:05am Jun 10, 2011 7:05am
Quoting Jasus
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...
Thank you very much for your clarification and insight.

Ill try to include those ideas into further trade decisions.

Kindest regards
Jonas
Hero calls followed by margin calls...
  • #20,985
  • Jun 10, 2011 7:37am Jun 10, 2011 7:37am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting dvarrin
That's exactly what I wanted to say. This first SOW could be a break from the SM and we could see ND after it and go short while the SM is absorbing supply before continuing up. But what tells us that SM is actually still bullish? Why would I wait to go long when I see a SOW in the background? What could/should happen in the price action to turn our mind from bearish to bullish?
That's why I'm trying to establish the trend first, right now I looking to trade in harmony with 4h trend and if is not so clear I look into 1h. That's one of the ways I see I can get the probability into my favor.
  • #20,986
  • Edited 8:25am Jun 10, 2011 8:14am | Edited 8:25am
agree with you both... even on the TG it still was a rather wide spread than im am accustome to calling ND..TG RT does label some strange bars sometimes!! its definately not always spot on( but it is a great TOOL to help learn)...i believe Hiddengap/ intel are both right about it being more of a no buying pressure than ND...good call guys! i learned something from this! really appreciate it! is it safe to say that the difference between ND and nobuying pressure is the spread on no buying pressure is a bit wider?..i will go to the book and look it up!..best regards, j
  • #20,987
  • Jun 10, 2011 9:09am Jun 10, 2011 9:09am
Hi,

are you still trading VSA?
  • #20,988
  • Jun 10, 2011 9:24am Jun 10, 2011 9:24am
[quote=sony;4673557]Hello

I am bearish on 6e at the moment

I attached 7h chart with an END of RISING MARKET

Also i marked high of that bar on my 30 min ThinkOrSwim chart

Than if we move to 4 h

I used its high and close ...coos price is now in that region ..

All what i want to see now is 30 min right signal for sale it

I would then get in on 5 min with small position and will add after we go throu that low of 4h chart bar 1.4645

Would like to pick up profit at 1.4565

If we get that down move maybe even 1.4387 might be on the cards

And why there you can se on my 12h chart Tradeguider one

(That is also one ultra wide ultra high volume bar on 12h in that region..its close to be more precise...But lets first wait for 1.4565)

So that is what i am looking for today

Have no clue what did i smoke that day...lol
Work smart not hard
  • #20,989
  • Jun 10, 2011 9:47am Jun 10, 2011 9:47am
Quoting HiddenGap
I trade more like Gavin than most people here. Call it what you want.
and what is that exactly as I do not know lol
  • #20,990
  • Edited 11:04am Jun 10, 2011 9:50am | Edited 11:04am
Quoting HiddenGap
I trade more like Gavin than most people here. Call it what you want.
And I trade more like pres78 than anyone here... I call it bastardized VSA...
Today's zone = Tomorrow's opportunity!
  • #20,991
  • Jun 10, 2011 9:54am Jun 10, 2011 9:54am
Quoting pres78
And I trade more like pres78 than anyone here... I call it bastardized VSA...
and it looks like you do very well out of it too!
  • #20,992
  • Jun 10, 2011 10:07am Jun 10, 2011 10:07am
sorry to ask this here but does anyone know how to post a TG RT chart ? cant seem to figure it out!! thanks, j
  • #20,993
  • Jun 10, 2011 10:26am Jun 10, 2011 10:26am
since im to stupid to figure out how to post a TG chart im just gonna use MT4.....This appears to be a great set up!! id like to get the pros veiw on this one...the first bar is (arrow) TG labels ND..now the spread looks right and it closes on the low..the vol. is labeled average but is lower than the previous 2 bars this i can agree with....the second arrow on top TG labels supply coming in..now supply coming in is defined as a bar closing of the highs with increased vol..the isincreased vol. but the closing off the hig to me seems kinda thin!! the next bar does confirm some selling and wouldve made a great entry..any thought from the group on this! regards, john
Attached Image (click to enlarge)
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  • #20,994
  • Jun 10, 2011 11:24am Jun 10, 2011 11:24am
Quoting Trader_X
since im to stupid to figure out how to post a TG chart im just gonna use MT4.....This appears to be a great set up!! id like to get the pros veiw on this one...the first bar is (arrow) TG labels ND..now the spread looks right and it closes on the low..the vol. is labeled average but is lower than the previous 2 bars this i can agree with....the second arrow on top TG labels supply coming in..now supply coming in is defined as a bar closing of the highs with increased vol..the isincreased vol. but the closing off the hig to me seems kinda thin!!...
Focusing specifically on the 2 bar reversal that TG marked as supply coming in (don't see that myself based on the close or the volume) but what we do see after the second bar is that supply did enter with that next bar fully reversing that upbar. IMHO not this but the ND a couple of bars later and the No Buying presssure just after would have made the safest entries after the 2 bar pattern. Oh course that being said based on ADR for EU there would have been not much room left as we had already move 110 pips from the days H-L...

Time was good as this was just after NY open showing us that SM planned on keeping the daily trend going... now in hindsight it was a great trade since we moved over 200 pips today however for me the ADR may have kept me out (not trading EU ATM)...

That first bar you marked would have made a nice entry as well... it's always nice to see a retrace during an up or down trend on reduced volume ending as a ND or NS respectively... that particular bar almost looks like a mini low volume UT adding a bit to the weakness IMO.
Today's zone = Tomorrow's opportunity!
  • #20,995
  • Jun 10, 2011 12:27pm Jun 10, 2011 12:27pm
Quoting Fusion
Do you know any broker who offers 6B and 6E demo contracts?
I think someone mentioned Broco possibly, but for free (data) or MT4 sources, I am unaware of any. Although I still use MT4 (via Citibank) and have a huge reliance on it's volume data, I do much analysis and charting in NinjaTrader, which is now free. It is a far more robust package in all ways.

With no broker relationship, EOD data (all equities, fx, futures) for NT is free, which could be a good start, but perhaps finding a broker with a low deposit requirement to get the datafeed is a possibility, and use NinjaTrader in that mix. I have heard that MBTrading (futures) has a low deposit requirement, and will support NT, and have read folks removing the bulk of their funds yet still retaining an account for the datafeed.

Alternately, of course, there are paid per month datafeeds around, but with a cost of at least $100/month, it might be better to use a futures broker, and then just remove the account funds when you're moving on.
  • #20,996
  • Jun 10, 2011 1:26pm Jun 10, 2011 1:26pm
Quoting Trader_X
sorry to ask this here but does anyone know how to post a TG RT chart ? cant seem to figure it out!! thanks, j
Erm, the same way you're posting an MT4 chart no?
  • #20,997
  • Jun 10, 2011 1:27pm Jun 10, 2011 1:27pm
Quoting KinsaleForex
Erm, the same way you're posting an MT4 chart no?
I think he is asking more how to extract the chart from TG not the actual posting of it...
Today's zone = Tomorrow's opportunity!
  • #20,998
  • Jun 10, 2011 1:33pm Jun 10, 2011 1:33pm
Quoting pres78
I think he is asking more how to extract the chart from TG not the actual posting of it...
I'm confused. Will a screenshot not suffice?
  • #20,999
  • Jun 10, 2011 1:34pm Jun 10, 2011 1:34pm
Quoting KinsaleForex
I'm confused. Will a screenshot not suffice?
MT4 has an extract function for charts or workspace, no screen shots needed.
Today's zone = Tomorrow's opportunity!
  • #21,000
  • Jun 10, 2011 1:47pm Jun 10, 2011 1:47pm
Quoting pres78
MT4 has an extract function for charts or workspace, no screen shots needed.
Ahhh, i see, all the mod cons in MT4! In that case I have no idea. I always just take a screenshot. Wouldn't surprise me if It doesn't have such a function. I'll have a look later.
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