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VSA with Clifton

  • #81
  • Jun 20, 2011 12:10pm Jun 20, 2011 12:10pm
Quoting Waforex
Hi Clifton,

So just to summarise, you first look for a potential setup on the hour chart. When I say potential I mean u look for a bottom or double bottom in the market or any pullback in an up move. You then check for a very high volume candle closing off its low.

If this is identified, you will then go to 5 min chart, identify the bottom with a high volume candle closing off its low and then look for a supply level. You then look for a candle to push thru supply on a medium vol. Having achieved this you then just need a small spread down...
You have it right. I'll talk more about s/r soon. It's nothing too fancy.
  • #82
  • Jun 20, 2011 12:24pm Jun 20, 2011 12:24pm
To follow up on the last post, this is the entry. Both TF confirmed.

The 1 hr gave the bullish close to confirm stopping volume. Then a confirmed no supply.

As I said, the push thru supply candle had ultra high volume on the 5 min showing weakness, so getting above that price before looking to enter. It all came together for a picture perfect setup with no draw down.

http://img600.imageshack.us/img600/4531/eusetup2.jpg
  • #83
  • Jun 20, 2011 12:30pm Jun 20, 2011 12:30pm
Quoting jtpada
Clifton,

as stated in my prior posts, IŽd love to see you keep going. Finally learning a thing about VSA that I have never quite understood before.

Take the EU 5min double bottom situation you presented for example: downright excellent!

Keep it coming!

Great! I think you guys are starting to see why I couldn't keep quiet any longer, and had to start my own thread lol. I'm truly here to help, asking for nothing in return.. except maybe good karma.
  • #84
  • Jun 20, 2011 12:39pm Jun 20, 2011 12:39pm
Quoting duyk20
Please continue Clifton, I'm looking to add something I know here too
Hi duyk20, that would be great. This is not a dictatorship and your ideas will be considered.
  • #85
  • Jun 20, 2011 3:54pm Jun 20, 2011 3:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-20_2251_EJ.png Size: 20 KB


Please have a look. Does this look like a valid short set up to you?

* stopping volume
* confirmation (high vol bar yet not taking out the prior high)
* testing volume on low vol bar + small bar

If so, ... where would have been the best entry point for a short?

Thanks!
  • #86
  • Jun 20, 2011 4:03pm Jun 20, 2011 4:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-20_2301_EJ_2.png Size: 16 KB


Next one... I think. Same criterias apply.

Additionally, the set up is followed by a high vol bar and a south thrusting strong candle breaking through the level.

What do you think?

  • #87
  • Jun 20, 2011 4:22pm Jun 20, 2011 4:22pm
Quoting jtpada
Attachment

Please have a look. Does this look like a valid short set up to you?

* stopping volume
* confirmation (high vol bar yet not taking out the prior high)
* testing volume on low vol bar + small bar

If so, ... where would have been the best entry point for a short?

Thanks!
There are a few errors. Firstly, the 1 hr background was strength. The stopping volume on the 1 hr was just confirmed as you started to look short. Wrong direction.

Also IF you were looking to short you would be looking for a "push thru demand" and should have had that horizontal line drawn at a support.

I'll tell you where the long setup is. See that pink line you drew? Look to the right. You have a push thru that supply and low volume test, in the direction of background.
  • #88
  • Jun 20, 2011 4:28pm Jun 20, 2011 4:28pm
Quoting jtpada
Attachment

Next one... I think. Same criterias apply.

Additionally, the set up is followed by a high vol bar and a south thrusting strong candle breaking through the level.

What do you think?

This is not correct either. If the 1 hr background was showing weakness, the short entry would be after the push thru demand (right after that arrow you put) then the low volume test of that line (no demand).

I would NOT recommend using the better volume indie. I think that is throwing you off. Remove it, you don't need it.

Thanks for the posts. BTW, I'm looking forward to sharing my additional setups in due time.
  • #89
  • Jun 20, 2011 4:51pm Jun 20, 2011 4:51pm
Thanks for evaluating! Disregarded the 1h back ground. Now that you are pointing it out I can spot it.

Any volume indicator that would do a better job that you might be able to recommend?

Thanks!
  • #90
  • Jun 20, 2011 5:15pm Jun 20, 2011 5:15pm
Quoting jtpada
Any volume indicator that would do a better job that you might be able to recommend?

Thanks!
Nope, just the volume indicator that comes with MT4 and using your eyes. I don't rely on "signals" of any kind from an indicator.
  • #91
  • Jun 20, 2011 5:48pm Jun 20, 2011 5:48pm
Hi Clifton,

About your approach, how do you use the several time frames? Are you looking for stopping volume on the higher time frame and then fine tuning the entry on the short one? If I understand well you rare entering the trade on the second NS or ND bar? I mean if we see stopping volume in a down trend, we then wait for NS, then we wait for a push trough supply and then we look for NS to enter? Is that right?
  • #92
  • Edited 9:26pm Jun 20, 2011 9:06pm | Edited 9:26pm
Quoting dvarrin
Hi Clifton,

About your approach, how do you use the several time frames? Are you looking for stopping volume on the higher time frame and then fine tuning the entry on the short one? If I understand well you rare entering the trade on the second NS or ND bar? I mean if we see stopping volume in a down trend, we then wait for NS, then we wait for a push trough supply and then we look for NS to enter? Is that right?
I'm looking at the 1 hr for my background. Stopping/climactic volume is most important and I work that into identifying the phase: accmulation, distribution, markup, mark down, reaccum, redist. I'll get into this more soon.

I'm using the 5 min for entry based on the 1 hr, although I often get confirmation on the 15 and 30. If I see trouble on those TFs, then I may even pass on the 5 min entry.

On this main setup I've been showing (which is my most common trade) I wait for a "push thru" before an entry. To answer your question, there does not have to be a ND/NS before the push bar.

When a ND/NS appears after the push bar, especially on a test of the supply/demand line, I can enter. That might be the very first ND/NS to appear, and that's fine. Welcome to the thread. Feel free to ask as many questions as you want.
  • #93
  • Edited 9:48pm Jun 20, 2011 9:15pm | Edited 9:48pm
Here's an example in reverse now, of my most common trade. We can start calling it SPT for stop/push/test. The 1hr had a wide spread high volume bar closing off the high, followed by a bearish close as my background.

One thing about this trade. Our general background before this is bullish, but Asia session is a good time to retrace the general direction, and it gives smart money better prices for entry come London (probably moving down for a nice long entry later.)

Remember the scale analogy. With less overall activity (Asia session) it's fairly "cheap" for smart money to tip it to one side.


http://img29.imageshack.us/img29/3589/eusetup3.gif
  • #94
  • Jun 20, 2011 9:36pm Jun 20, 2011 9:36pm
Hahaha new testament lmfao

Lovin it keep it up
  • #95
  • Jun 21, 2011 1:11am Jun 21, 2011 1:11am
Ty Clifton! Longing to learn about phase identification :-)
  • #96
  • Jun 21, 2011 1:35am Jun 21, 2011 1:35am
Clifton, how do you draw the resistance or support line? Is it only an estimation and you mainly look for a wide spread bar on high volume?

What do you do if the stopping volume bar is not the lowest/highest bar in the trend? Are you still looking at a stopping volume bar near the top/bottom even if it is not the highest/lowest volume?
  • #97
  • Jun 21, 2011 2:32am Jun 21, 2011 2:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-21_0929_EU__1h.png Size: 21 KB


Monitoring EU on the 1h hart for back ground. Watching the developing bar if it does not close above the prior one and has a decent enough volume yet fails to make higher.

Same situation on GU 1h and EJ 1h.
  • #98
  • Jun 21, 2011 3:06am Jun 21, 2011 3:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-21_1003_EU_combo.jpg Size: 110 KB


Follow up:

No move higher yet and in that the potential short set up is confirmed (at least as far as I understand it). Now monitoring for a push through south on the 5min.
  • #99
  • Jun 21, 2011 3:27am Jun 21, 2011 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-21_1024_EU_combo_2.png Size: 43 KB


Still monitoring for a push through south on 5min. GBP news ahead in 5 minutes followed by German Economic Sentiment on top of the hour which certainly is a market mover.
  • #100
  • Jun 21, 2011 3:45am Jun 21, 2011 3:45am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-21_1043_GU_an_EU_5min.png Size: 42 KB


Push through on both GU and EU 5min. Monitoring for a retest on low volume for confirmation.
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