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vsa with Malcolm

  • #21,361
  • Jul 24, 2011 1:35am Jul 24, 2011 1:35am
We had some very interesting PA in the last 40 hours. Notice the amount of effort that it took to break the resistance at 1. At 2 we have no buying pressure and the market falls off then drifts back up to that level only to be sold into as seen by the upthrust. We also have a shake out on the right edge followed by a test which is a sign of strength, however what worries me is the lack of positive reaction from that test (I take into account that it is EOW PA). I still have a bullish view of the market, but if this test fails (which i think it will) then the next support will be at 1.4263 marked by the red line. It has taken a huge amount of effort to break that line to the upside, therefore if the market is still bullish you would expect it to be defended.
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  • #21,362
  • Jul 24, 2011 3:02am Jul 24, 2011 3:02am
Quoting pepelepew
please, someone could explain to me what is a Shakeout Bar?

*******************

I'd like that you helped me with those VSA setups, telling where I wrong, where I right... pls

http://www.forexfactory.com/attachme...1&d=1311053373

thank you a lot

Hi pepelepew,

Hope you actually re-read MTM a few more times and re-do your chart, and that you do come back to read this post.

Anyway you at least attached your previous chart with adequate VSA comments, so the least I can help is I did this EUR/USD H1 chart for you after I re-read MTM.

As it is more difficult to change your chart, my chart is with my VSA interpretation from 11-Jul to 22-Jul.

Now you can compare your chart with my chart.

Cheers,
FB.

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  • #21,363
  • Jul 24, 2011 6:01am Jul 24, 2011 6:01am
anyone seen this from last week?

Inserted Video


take a look at JPMorgan`s price now....even GH gets it wrong
Seek not to change the world; seek only to change your mind about the world
  • #21,364
  • Jul 24, 2011 6:43am Jul 24, 2011 6:43am
Quoting gez40
even GH gets it wrong
The sale pitch usually gets it wrong
  • #21,365
  • Jul 24, 2011 10:22am Jul 24, 2011 10:22am
Quoting gez40
anyone seen this from last week?

http://youtu.be/0aXIE-2BbeA

take a look at JPMorgan`s price now....even GH gets it wrong
i find it's sometimes difficult to rely on VSA alone.
you'll need at least one reliable sentiment indice.
  • #21,366
  • Jul 24, 2011 9:52pm Jul 24, 2011 9:52pm
it seems that the channel that i drew on G/U friday is acting as strong resistance, but the market is trying to push through it. A great trade long would be if we pushed through and the top of that channel acted as support on an sos.
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  • #21,367
  • Jul 25, 2011 9:17am Jul 25, 2011 9:17am
USD/CHF H1 11-Jul to 22-Jul VSA

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  • #21,368
  • Jul 25, 2011 9:18am Jul 25, 2011 9:18am
AUD/USD H1 11-Jul to 22-Jul VSA


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  • #21,369
  • Jul 25, 2011 9:20am Jul 25, 2011 9:20am
EUR/JPY H1 11-Jul to 22-Jul VSA


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  • #21,370
  • Jul 25, 2011 9:22am Jul 25, 2011 9:22am
GBP/USD H1 11-Jul to 22-Jul VSA


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  • #21,371
  • Jul 25, 2011 10:30pm Jul 25, 2011 10:30pm
Been watching on those flip flop formed.
When it breaks, we just need confirmation from other study, which says north.
Notice how my P&F signals earlier possible aggressive entry.
A no brainer trade.
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  • #21,372
  • Jul 25, 2011 10:52pm Jul 25, 2011 10:52pm
EU has move 120 pips today.
GU 60 pips.

Now, how do you decide which pair will move higher, EUR or GBP?
Where to invest our capital is also vital. I'll show you a very simple method.
  • #21,373
  • Jul 26, 2011 4:43am Jul 26, 2011 4:43am
Quoting ivonivon
EU has move 120 pips today.
GU 60 pips.

Now, how do you decide which pair will move higher, EUR or GBP?
Where to invest our capital is also vital. I'll show you a very simple method.
hi ivonivon
what's your method?i think GBP can move higher it's simple.due to day range
  • #21,374
  • Jul 26, 2011 5:27am Jul 26, 2011 5:27am
Stopped out to the pip on two consecutive trades in the same session. What are the chances of that? Just one of those shit days.
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  • #21,375
  • Jul 26, 2011 5:58am Jul 26, 2011 5:58am
Quoting apple_sauce
Stopped out to the pip on two consecutive trades in the same session. What are the chances of that? Just one of those shit days.
The chance of getting 2 consecutive losses is the same as getting 2 consecutive wins.

Unsure where are your Entries bars for shorts ?
Is it the bar starting off with the green horizontal line?

What were your VSA reasons or other reasons for entering Shorts there for USD/CAD and USD/CHF ??
  • #21,376
  • Jul 26, 2011 10:47pm Jul 26, 2011 10:47pm
effort to fall through strong support followed by an UT into the support area closing below it. I shorted on the low of the UT, about as high probability as it gets. Also the trend was down.
Quoting foxybunny
The chance of getting 2 consecutive losses is the same as getting 2 consecutive wins.

Unsure where are your Entries bars for shorts ?
Is it the bar starting off with the green horizontal line?

What were your VSA reasons or other reasons for entering Shorts there for USD/CAD and USD/CHF ??
  • #21,377
  • Jul 27, 2011 1:55am Jul 27, 2011 1:55am
Quoting apple_sauce
effort to fall through strong support followed by an UT into the support area closing below it. I shorted on the low of the UT, about as high probability as it gets. Also the trend was down.

Can see what you mean now.

I would not consider those entry bars as UT, due to price action seem to be in range with a big rectangle channel.
  • #21,378
  • Jul 27, 2011 3:29am Jul 27, 2011 3:29am
Quoting apple_sauce
effort to fall through strong support followed by an UT into the support area closing below it. I shorted on the low of the UT, about as high probability as it gets. Also the trend was down.
Your ETF bar has produced no result which tells you that the market is not ready to move down yet.

Your UT is a poor example. It doesn't break into new high ground and the close is a little too high. Trading off this bar is a losing game in the long run.

Your UC trade was better. Your only mistake here is not moving to BE quick enough. Trading the break of the low of a low volume SO is a valid trade but you should be aware that these trades very often turn on you quite quickly. You should move to BE as soon as possible and give serious consideration to exiting at 1:1 or sooner or, at the first sign of strength ie NS.
  • #21,379
  • Edited 4:29am Jul 27, 2011 4:10am | Edited 4:29am
I think you misunderstood where I entered the trades. Those screenshots were taken after the trades were closed.

I did not trade the low of the low vol shakout, I put my entry on the low of the etf after the UT and it happened to reverse right there and close as a shakeout. as for the usd/chf trade there was a clear ETF followed by a hidden UT and 2 ND UT I entered below the ETF and again the bar I entered on closed as a shakeout, but this time on high vol. I probably should have gotten out then. My other mistake was putting the stop below support and not above it.

I have tried 1:1 and personally for me it does not work

btw welcome back intel you should make more youtube vids I really enjoyed those

Quoting Intel
Your ETF bar has produced no result which tells you that the market is not ready to move down yet.

Your UT is a poor example. It doesn't break into new high ground and the close is a little too high. Trading off this bar is a losing game in the long run.

Your UC trade was better. Your only mistake here is not moving to BE quick enough. Trading the break of the low of a low volume SO is a valid trade but you should be aware that these trades very often turn on you quite quickly. You should move to BE as soon as possible and give serious...
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  • #21,380
  • Jul 27, 2011 7:22am Jul 27, 2011 7:22am
No Demand Shown on GU @ 1.6414
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