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VSA with Clifton

  • #101
  • Jun 21, 2011 3:50am Jun 21, 2011 3:50am
Clifton,

It is good to see that you have not been sidetracked & distracted by the negative postings some days back. You are spot on with your thread, so keep sharing. You are sharing this info in a concise manner so as everyone should understand its content & trade accordingly. Best wishes to you in the days ahead.

___________________________
  • #102
  • Jun 21, 2011 3:56am Jun 21, 2011 3:56am
Hi jtpada,

I'm throwing my 2 cents here. Regarding to your eu 1h chart, there's no stopping volume since volume is relative small today. We move with the smart money, SM is active when volume is high, so, no trade for me yet since volume is relatively small so far. We have a push through 1.4320 early asian session, price attempts to retrace back but get rejected, demand sitting there at 1.4320.
I'm not looking for short.
  • #103
  • Jun 21, 2011 4:05am Jun 21, 2011 4:05am
Boy, did the ZEW data came in poorly! This has EJ break on the 5min as well :-)
  • #104
  • Jun 21, 2011 4:17am Jun 21, 2011 4:17am
Quoting jtpada
Boy, did the ZEW data came in poorly! This has EJ break on the 5min as well :-)
Please consider background We trade with the background.

http://i1224.photobucket.com/albums/...pkinluv/ej.gif

It looks like accumulation for me, and we have the push through supply early asian session, so, i'm looking for long
  • #105
  • Jun 21, 2011 4:28am Jun 21, 2011 4:28am
Yes, you are right. My profit margin would only be a dip towards the level you´ve marked grey.
  • #106
  • Edited 11:50am Jun 21, 2011 10:55am | Edited 11:50am
My plan is to use recent live examples for now to show setups, so don't blame me if it's the same one again.

I did expand on it here a bit, showing multiple valid entries based on aggressiveness.

My entry was on the "push thru" bar close. Having the double bottom with correct volume beneath it made me more confident.

In this case, if I had waited for the test of the supply line I would have missed it. Again, it was the perfect double bottom setup and reaction that made me more confident.

Also notice the lack of volume increase on that large push thru bar. Remember a high volume push is bad. The lower the better, showing sell orders are not coming in as they would create alot of tick activity as it tries to push up.

I think the chart should be bigger now if you click on it. Let me know if you're not seeing it ok.
Attached Image (click to enlarge)
Click to Enlarge Name: eusetup4.gif Size: 19 KB
  • #107
  • Jun 21, 2011 11:12am Jun 21, 2011 11:12am
There is a series of push throughs on the 5min... just shuffling along it seems. Was a slow grind higher.

Are you looking for "targets" as well? Likely reversal points?

Thanks!
  • #108
  • Edited 11:37am Jun 21, 2011 11:24am | Edited 11:37am
Quoting dvarrin
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?
Drawing the demand/supply line, I like to wait for at least three 5 min bars. If your just patient that s/r will show its self 90% of the time.

Good question about stopping volume. Ideally, we don't want a lower close after potential stopping volume on a down bar. If it does close lower, then it has to be showing serious strength..as in high volume/pins. We'll see more examples as we continue.
  • #109
  • Jun 21, 2011 11:29am Jun 21, 2011 11:29am
Quoting jtpada
There is a series of push throughs on the 5min... just shuffling along it seems. Was a slow grind higher.

Are you looking for "targets" as well? Likely reversal points?

Thanks!
Yes, push, test, push, test is actually a sign of a healthy move. Anything to fast and erratic could be climactic, absorption etc.

Targets are based on what's to my left as price enters areas of possible strength/weakness, as well as reaction to simple s/r. I don't set and forget targets, I exit when the chart suggests a reversal. I will talk about that more.
  • #110
  • Jun 21, 2011 4:42pm Jun 21, 2011 4:42pm
For 1 HR time frame trade setups, if no push through supply bar is observed, do you go down to the 5 min. TF and trade the push through supply bar there?

It seems if I do that, without the 1 HR TF push through bar confirmation, we can get stopped out a lot. This is if we took the 5 min. TF push through supply bar, based on 1 HR TF VSA reversal signal.
  • #111
  • Jun 21, 2011 5:32pm Jun 21, 2011 5:32pm
Quoting ahks
For 1 HR time frame trade setups, if no push through supply bar is observed, do you go down to the 5 min. TF and trade the push through supply bar there?

It seems if I do that, without the 1 HR TF push through bar confirmation, we can get stopped out a lot. This is if we took the 5 min. TF push through supply bar, based on 1 HR TF VSA reversal signal.
Good question. The 1 hr is tradeable before it gives a push, but managing that trade is crucial in case that push doesn't happen, or fails.

The details of how to use the 1hr to determine 5 min trade entries and manage them will be given when I cover the "phases" (accumulation, markup, distribution etc). I dont have time at the moment, but it seems that we should cover that next.
  • #112
  • Edited 1:52am Jun 22, 2011 1:39am | Edited 1:52am
Another successful stop, push, test trade on 5 min eu. I think you get the idea.
The 5 min had a few valid opportunities. It looked good on all TFs as clean setups should.

If anyone is practicing this entry, feel free to post. It would be helpful to see if traders are interested, getting it, or have questions before I move on.
  • #113
  • Jun 22, 2011 3:18am Jun 22, 2011 3:18am
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-22_1016_EU_push_thtough.png Size: 20 KB


Is this the clear push through you were referring to in your previous post?
  • #114
  • Jun 22, 2011 3:22am Jun 22, 2011 3:22am
Thankyou Clifton for your info have attached a chart for you to look at
looking forward to be learning more many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: vsa 5 min.gif Size: 43 KB
  • #115
  • Jun 22, 2011 3:39am Jun 22, 2011 3:39am
Quoting Clifton
Drawing the demand/supply line, I like to wait for at least three 5 min bars. If your just patient that s/r will show its self 90% of the time.

Good question about stopping volume. Ideally, we don't want a lower close after potential stopping volume on a down bar. If it does close lower, then it has to be showing serious strength..as in high volume/pins. We'll see more examples as we continue.
Ty for the answer Clifton ;-)
  • #116
  • Jun 22, 2011 3:39am Jun 22, 2011 3:39am
@ptla

It´s interesting... on your chart the push through is much more clearly visible than on the 5min I posted above. The entry than ought to be earlier from what I see :-)

Looks very clean to me and easy to spot on the 15 min you just posted.
  • #117
  • Jun 22, 2011 6:00am Jun 22, 2011 6:00am
Quoting ptla
Thankyou Clifton for your info have attached a chart for you to look at
looking forward to be learning more many thanks
The bar you have marked No Demand is more of a test / No supply (NS). ND are used for going short. A typo maybe.
  • #118
  • Jun 22, 2011 8:17am Jun 22, 2011 8:17am
EU M1 SPT
Attached Image (click to enlarge)
Click to Enlarge Name: spt.jpg Size: 64 KB
  • #119
  • Jun 22, 2011 8:18am Jun 22, 2011 8:18am
Quoting KinsaleForex
A typo maybe.
Without a doubt
  • #120
  • Jun 22, 2011 8:38am Jun 22, 2011 8:38am
15m chart:

http://i1224.photobucket.com/albums/...nluv/esdsd.gif

And 5m chart show a long set-up besides the earlier one posted by Clifton.

http://i1224.photobucket.com/albums/...nluv/egffd.gif
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