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vsa with Malcolm

  • #21,141
  • Jun 16, 2011 8:18pm Jun 16, 2011 8:18pm
Quoting ZootSuit
Or... you could have done the right thing and posted here...

I'm posting here as requested. Originally from my thread earlier today:


Funny, I was just thinking I should find a double bottom with volume confiming to post in here..easy, high probability setup. Got it today, along with the setup I've shown so far. So, at least two setups here to get in long E/U.

First, don't forget background. We had that oddly timed drop on the dollar pairs before London open, but the 5 min showed clearly that the move was "bought into" by smart money.

Simply put, the highest volume points on the 5 min were large down bars on high volume, that halted the down move (demand overcomes supply, hidden to non-VSAers). The 1 hr came around and showed the same thing. I bet most were looking to short going into London session.

We all know double bottoms but looking for the "U" shaped volume below it makes for a high probability setup. It's starts with:

1. Stopping volume on the first bottom

2. A significant decrease in volume as price attempts to move up after stopping volume.

3. Another test of the bottom on increasing volume, with no candle close below the first bottom.

The aggressive entry would be the long on the first or second bullish close as I highlighted. You could also wait for a no supply, but that should be once price starts marking up. At/near the bottom, volume must stay high.

Stop loss goes 5-10 pips below the bottom.

So am I picking a bottom? Heck yeah..take it or leave it lol.

The R:R is great and it has a high probability.

...and then there's the push/test entry I've been showing.

http://img844.imageshack.us/img844/8629/eudblbott.gif

Update: The double bottom entry caught the whole move today..up 100 pips now. Trading with the 1 hr background with simple, finely tuned 5 min entries.
  • #21,142
  • Jun 16, 2011 8:25pm Jun 16, 2011 8:25pm
There now... that wasn't so hard.
Reserved
  • #21,143
  • Jun 16, 2011 8:29pm Jun 16, 2011 8:29pm
Here is a look at the Daily Failure of the recent UTL. Just got a long trigger SOS 133 on the 30 min VSA. Waiting for confirmation to add more.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #21,144
  • Jun 16, 2011 8:32pm Jun 16, 2011 8:32pm
Quoting ZootSuit
There now... that wasn't so hard.
lol, no not hard, but you know HG and prez are dying to correct this and that. That's why I stopped posting in here and started my own thread. I can respect that.
So a link to a post, or a post in here..someone is going to be annoyed..whatever lol. It's a forum, relax.
  • #21,145
  • Jun 16, 2011 8:40pm Jun 16, 2011 8:40pm
Quoting Clifton
I'm posting here as requested. Originally from my thread earlier today:


Funny, I was just thinking I should find a double bottom with volume confiming to post in here..easy, high probability setup. Got it today, along with the setup I've shown so far. So, at least two setups here to get in long E/U.

First, don't forget background. We had that oddly timed drop on the dollar pairs before London open, but the 5 min showed clearly that the move was "bought into" by smart money.

Simply put, the highest volume points on the 5 min were large...
Thanks for posting your trade.
  • #21,146
  • Jun 17, 2011 12:03am Jun 17, 2011 12:03am
Quoting maryinvest
I am selling stop EUR/USD

http://investdad.com/fbs/eu.gif
This trade had been took profit like as planned
  • #21,147
  • Jun 17, 2011 12:31am Jun 17, 2011 12:31am
it will be appreciate that alert function involved so we can get message when climax volume coming.

thank you all!
  • #21,148
  • Jun 17, 2011 6:43am Jun 17, 2011 6:43am
Quoting Clifton
lol, no not hard, but you know HG and prez are dying to correct this and that. That's why I stopped posting in here and started my own thread. I can respect that.
So a link to a post, or a post in here..someone is going to be annoyed..whatever lol. It's a forum, relax.
It's a forum... man Cliff you nailed it right on the head.

It is a forum and that's how we learn by posting our charts and getting others opinions and offering opinions on others charts... if you didn't want anyone to offer up or "correct" things on your charts then post them and say "here's a trade I took but please don't give me your point of view or opinions on it because I don't want it"...

I have never questioned your VSA knowledge, all I questioned was you attitude and the way you wrote that post awhile back basically talking down to the VSA traders in this thread who didn't see what you saw...

Wasting my time on this one since I am on your Iggy list and you won't see it... no one in here can tell anyone not to post but Malc so you could have carried on here as long as you wanted, you chose to start your own thread so that no one could offer up things they see different on your charts and well quiet frankly that is your choice.

Best of luck and keep sharing... I have seen a few of your charts at your thread and you have given some nice examples.
Today's zone = Tomorrow's opportunity!
  • #21,149
  • Jun 17, 2011 7:27am Jun 17, 2011 7:27am
Hello to everybody!

can't get why I was not on the right side. Just one thing coming to my head is that there were more buying pressure then selling. And that my set up were at the bottom of down trend. But we were in a down trend and on bar 2 price were penetrating previous low.

So my arguments to sell:

- Down trend

Bar 1: Top reversal
2: High vol Down bar which is penetrating previous low. But it closed of the low (some buying)
3: ND bar. And here I decided that market is weak and is going down.

Please show me my mistakes...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 17.06 15 min 2.png Size: 33 KB
Click to Enlarge Name: 17.06 15 min.png Size: 25 KB
  • #21,150
  • Jun 17, 2011 8:21am Jun 17, 2011 8:21am
Quoting V_2008
Hello to everybody!

can't get why I was not on the right side. Just one thing coming to my head is that there were more buying pressure then selling. And that my set up were at the bottom of down trend. But we were in a down trend and on bar 2 price were penetrating previous low.

So my arguments to sell:

- Down trend

Bar 1: Top reversal
2: High vol Down bar which is penetrating previous low. But it closed of the low (some buying)
3: ND bar. And here I decided that market is weak and is going down.

Please show me my mistakes...
You saw weakness, entered short and the market went down. Not much wrong with that!!!!

It was your expectation which was at fault. You saw a small amount of weakness in a market which was showing strength. The last 2 down bars before your entry were wide spread on the highest volumes recorded for that day, alarm bells should have been ringing. When you saw that ND, you should have been thinking....'oh, more weakness. I wont enter long just yet.'
  • #21,151
  • Jun 17, 2011 9:28am Jun 17, 2011 9:28am
I bought Gold Spot today

http://cC0.upanh.com/23.820.30885879.HT0/goldbuy.gif

http://cC0.upanh.com/23.820.30885879.HT0/goldbuy.gif
  • #21,152
  • Jun 17, 2011 11:42am Jun 17, 2011 11:42am
Quoting maryinvest
I bought Gold Spot today

http://cC0.upanh.com/23.820.30885879.HT0/goldbuy.gif

http://cC0.upanh.com/23.820.30885879.HT0/goldbuy.gif
This long trade of XAU/USD goes so well so far but obviously I didn't see a serious SOS before that all SOW around. So do you guys think I analysis VSA principles there correctly?
Thanks and happy weekends btw
  • #21,153
  • Jun 17, 2011 2:12pm Jun 17, 2011 2:12pm
Quoting maryinvest
This long trade of XAU/USD goes so well so far but obviously I didn't see a serious SOS before that all SOW around. So do you guys think I analysis VSA principles there correctly?
Thanks and happy weekends btw

Hi Mary, the problem with this chart is that there in no volume on it for us to analyse. You have a great weekend too!
  • #21,154
  • Jun 17, 2011 4:08pm Jun 17, 2011 4:08pm
Quoting Intel
You saw weakness, entered short and the market went down. Not much wrong with that!!!!

It was your expectation which was at fault. You saw a small amount of weakness in a market which was showing strength. The last 2 down bars before your entry were wide spread on the highest volumes recorded for that day, alarm bells should have been ringing. When you saw that ND, you should have been thinking....'oh, more weakness. I wont enter long just yet.'
Thank you Intel! Need more practice! )
  • #21,155
  • Jun 17, 2011 8:41pm Jun 17, 2011 8:41pm
Quoting Intel
..It was your expectation which was at fault. You saw a small amount of weakness in a market which was showing strength. The last 2 down bars before your entry were wide spread on the highest volumes recorded for that day, alarm bells should have been ringing. When you saw that ND, you should have been thinking....'oh, more weakness. I wont enter long just yet.'
INTEL:

He be to VSA
What key be to lock.

Cause he's cool like dat.
Cause he's cool like dat.

Inserted Video
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,156
  • Jun 18, 2011 11:39am Jun 18, 2011 11:39am
hi all vsa experts.

have one little question . from your expirience how effective vsa on spot FX daily charts??? im using oanda mt4 tick volume and from what it looks to me on daily tf,
volume patterns are different from 4h, 1h and lower time frames, or maybe it
because of the brocker ??

cheers
  • #21,157
  • Jun 19, 2011 2:55pm Jun 19, 2011 2:55pm
Quoting V_2008
...So my arguments to sell:

- Down trend

Bar 1: Top reversal
2: High vol Down bar which is penetrating previous low. But it closed of the low (some buying)
3: ND bar. And here I decided that market is weak and is going down...
Personally, I like the idea behind the trade.

The trend is down and you are looking to trade in harmony with the trend. This is what Wyckoff and Tom have called trading in the path of least resistance.

Losses are endemic to trading. They are the cost of doing business. You can't avoid them. The sooner you embrace the fact that there will be loss in trading, the sooner the abundance of the market will flow your way.

Now, I would prefer to see the No Demand at a trigger level or inside the range of the trigger bar. But again, the fact that you were looking to get short in an established down trend is the higher probability trade. And that is what trading is, probabilities not certainties.

The chart below was originally going to be used to finish the post on trends, but as it happens, it works well for this post.

Note that there is an short entry signal on a No Demand which is in the range of the most recent trigger bar at the time. We know the trend is down. After all, we have made a Lower Pivot High (LPH). We also know that the Chart Mode is SELL. Unfortunately, the trade does not work out. The market does go down a bit but then quickly moves against you. In truth, you should already be short and this would then be an add-on if you choose to scale into larger positions as a part of your trading plan.

You may have noticed that I did not say there are better entries. The quality of the entry is not determined by the out come of the trade. Quality entries meet all aspects of your trading plan and require discipline to always take them.

(at this point I should say, that I am writing this post for me and not about you.........)
Attached Image (click to enlarge)
Click to Enlarge Name: VSA 4.png Size: 204 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,158
  • Jun 19, 2011 5:49pm Jun 19, 2011 5:49pm
Quoting HiddenGap
Personally, I like the idea behind the trade.

The trend is down and you are looking to trade in harmony with the trend. This is what Wyckoff and Tom have called trading in the path of least resistance.

Losses are endemic to trading. They are the cost of doing business. You can't avoid them. The sooner you embrace the fact that there will be loss in trading, the sooner the abundance of the market will flow your way.

Now, I would prefer to see the No Demand at a trigger level or inside the range of the trigger bar. But again, the fact...
may i ask what platform/indicators you are using? is that Infinity stuff?
i want that wyckoff bars too but don't know how to get them for mt4
  • #21,159
  • Jun 20, 2011 3:52am Jun 20, 2011 3:52am
Considering giving up trading on a Monday.
  • #21,160
  • Edited 8:32am Jun 20, 2011 8:16am | Edited 8:32am
EU and GU is looking bullishly promising.

GL!

EDIT: possible we might see 1.4350-1.44 today through mid week for eu

eu, not es.
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