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VSA with Clifton

  • #241
  • Aug 16, 2011 1:10pm Aug 16, 2011 1:10pm
Quoting Clifton
Here's what I'm hoping to see. Low volume on the way down and a quick pop below 1.44 that hits higher volume demand and bounces.
All was going well, then serious supply hit on the attempt to move up. It made me lock BE pretty early on the long, and it was hit. Looks like where headed lower, and a small distribution markdown may come. Darn that supply lol.
  • #242
  • Aug 17, 2011 12:06am Aug 17, 2011 12:06am
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Attached Image (click to enlarge)
Click to Enlarge Name: eusetup18.gif Size: 13 KB
  • #243
  • Aug 17, 2011 1:15am Aug 17, 2011 1:15am
Quoting Clifton
.
Very nice approach, this is very easy strategy for learner VSA to follow. I wish someone could have told me earlier when i was a noob then

I did trade this accumulation but my entry was much earlier on the first test on the PS level, base on my chart. The AR level is same as the supply line have indicated on your chart. I do add to position sometimes on the AR test but not this one though.

Co-incidentally the supply line or the AR level is actually yesterdays Asia low point. This point was previously taken out but got reverted back. FYI

/6E 3min chart:
http://img812.imageshack.us/img812/1...18aug17141.gif

Uploaded with ImageShack.us
  • #244
  • Aug 17, 2011 1:29am Aug 17, 2011 1:29am
Quoting Evak
Very nice approach, this is very easy strategy for learner VSA to follow. I wish someone could have told me earlier when i was a noob then

I did trade this accumulation but my entry was much earlier on the first test on the PS level, base on my chart. The AR level is same as the supply line have indicated on your chart. I do add to position sometimes on the AR test but not this one though.

Co-incidentally the supply line or the AR level is actually yesterdays Asia low point. This point was previously taken out but got reverted back. FYI

/6E...
Ha yes..wish I knew this as a noob too. Excellent contribution. This is Wyckoff in true form.
  • #245
  • Aug 17, 2011 1:37am Aug 17, 2011 1:37am
Hey Evak,

What's your volume feed? This looks interesting
  • #246
  • Aug 17, 2011 2:51am Aug 17, 2011 2:51am
Quoting duyk20
Hey Evak,

What's your volume feed? This looks interesting
http://www.brocompany.com/trading-pl...meta-trader-5/

Lots of ticker for u to choose from, for /6E u can choose either the continuous data or the contract 6EU1 for this contract month.

Do have a awareness that sometimes the volume reliability at times can be wanting but so far i am ok with this arrangement....I do have other source to check it with like zenfire & OEC. But i prefer MT4/5 due to speed of charting & TF switching.
  • #247
  • Aug 17, 2011 5:24am Aug 17, 2011 5:24am
Similar to Cliftons strategy here but i m using a bit of Wyckoff & workflow terminology here, just an illustration..

After the climax which indicates absorption of selling. Price rally quickly to the AR point, same as supply line advocated here by Clifton (correct me if i am wrong). Price rotates around the AR level & eventually we found a test.

Hope u guys find it useful..

http://img233.imageshack.us/img233/3...27aug17182.gif

Uploaded with ImageShack.us
  • #248
  • Aug 17, 2011 7:49am Aug 17, 2011 7:49am
Evak, duyk20, I notice you guys mark preliminary support (PS) from the Wyckoff method.

What is the significance when looking for entry? Is it a level to look for a test and if so do we want high volume, showing continued demand, or a low volume test?
  • #249
  • Aug 17, 2011 8:47am Aug 17, 2011 8:47am
Quoting Clifton
Evak, duyk20, I notice you guys mark preliminary support (PS) from the Wyckoff method.

What is the significance when looking for entry? Is it a level to look for a test and if so do we want high volume, showing continued demand, or a low volume test?
I can only speak for myself in this matter. I will only refer to a falling market.

Allow me to quote the definition from Hank prudent first:
"PS — preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume and spread widen and provide a signal that the down-move may be approaching its end."

So in essence any short sellers would have cover their shorts by then & any weak shorts would have been taken out with buying absorption if price were to proceed lower then the PS level, which in effect create the climax.

PS can be a long spread bar or a previous reaction low, in any case it signals the 1st sign of strength. So this level is significant if market were to be gradually accumulate after climax & eventually get tested.

Very seldom u see an NS test, but rather most of them are springs, pin bars or mini shakeouts. It can occur once or a few times before it gets up to the AR (auto reaction) level or the supply line as you prefer to refer as such.

NOTE: PSY is preliminary supply which is the inverse of PS
  • #250
  • Aug 23, 2011 9:51am Aug 23, 2011 9:51am
Thanks Evak, high volume on a ps test makes perfect sense.

Now looking to buy this dip. It hit stopping volume/reaccumulation with no large supply at todays top. Supply line 1.4417
  • #251
  • Aug 23, 2011 11:39am Aug 23, 2011 11:39am
OK very good job here, i like this, i started to use VSA and read lot of it MTM and the undeclaried secrets of tom williams but as you said clifton it is confusing so i started to sail in the same way you do it...
tom says contradicting concepts... so i decided after reading all these books to play the easy way like you do so hope to be with you in this thread
the other one of malclom is confusing also and no one wants to share any indis for it they just share what they want

so accept me with you coz i want to do lot of training i'm doing good in VSA but i feel like i miss somthing coz of tom books

good luck for all
  • #252
  • Aug 24, 2011 6:41pm Aug 24, 2011 6:41pm
is this tread stopped ??
  • #253
  • Edited 9:46pm Aug 24, 2011 9:29pm | Edited 9:46pm
Quoting cableguy_mcm
is this tread stopped ??
I hope not. I hope Clifton post some more examples step by step. i entered long at eurusd 30 minutes ago at 1.4400 based on what i learned on this thread. so far so good. 0

now up by 7 pips. its asian session so that can be expected slow moving
  • #254
  • Aug 24, 2011 10:29pm Aug 24, 2011 10:29pm
Quoting coalvin
I hope not. I hope Clifton post some more examples step by step. i entered long at eurusd 30 minutes ago at 1.4400 based on what i learned on this thread. so far so good. 0

now up by 7 pips. its asian session so that can be expected slow moving
good

before you took 26 pips on nd after weakness on H1 on EU, anyway EU was not good for today to much activitywith wide spread bars climaxes every where
my setup was based on 10AM EST bar showing weakness but was altra wide range also showing strength , then took another couple of bars 12,13 PM EST showing nd after the wide range bar at 10AM, now the market is drifting with no volume at all
  • #255
  • Aug 25, 2011 1:29am Aug 25, 2011 1:29am
Quoting cableguy_mcm
good

before you took 26 pips on nd after weakness on H1 on EU, anyway EU was not good for today to much activitywith wide spread bars climaxes every where
my setup was based on 10AM EST bar showing weakness but was altra wide range also showing strength , then took another couple of bars 12,13 PM EST showing nd after the wide range bar at 10AM, now the market is drifting with no volume at all
finally it reached my 20 pips target. my problem is how do i tell if it will retrace since the examples are all bottom or top. lol

update it gone up.
  • #256
  • Aug 25, 2011 5:12am Aug 25, 2011 5:12am
Nice going..I plan to trade/post much more come September.
  • #257
  • Edited 6:06am Aug 25, 2011 5:31am | Edited 6:06am
Quoting Clifton
Nice going..I plan to trade/post much more come September.
great! I'll wait for more examples. I enterered long again at 1.44292 based on what you taught here. so far its going up up and away. this time i am gonna look for stopping volume than a preset target.

it just reach 20 pips my usual target but i did not set it this time. i want to see a stopping volume.

added another position 1.44498. i hope i did the right thing. LOL!

adding was a mistake. got some profit though. maybe i'll stick to 20 pips
  • #258
  • Aug 25, 2011 5:41am Aug 25, 2011 5:41am
Hi Clifton,

I have read through your thread twice an found it really insightful. I am looking forward for more examples
  • #259
  • Aug 25, 2011 7:52am Aug 25, 2011 7:52am
Quoting coalvin
great! I'll wait for more examples. I enterered long again at 1.44292 based on what you taught here. so far its going up up and away. this time i am gonna look for stopping volume than a preset target.

it just reach 20 pips my usual target but i did not set it this time. i want to see a stopping volume.

added another position 1.44498. i hope i did the right thing. LOL!

adding was a mistake. got some profit though. maybe i'll stick to 20 pips
what pair you playing ??

just manage the trade and dont add much when up moves starts to be wide this will lock you with any sharp down move or even suck you in market top LOL tom speaks but it's true
you may also watch for up bars with narrow ranges and high volumes will mark the end of the move

BTW clifton i do have lot lot of questions for you and i want answers for them to clear my thoughs coz MTM confused me so so so much

bar definitions always changing in the book. i will make a questions list for you.

one of the confusing concepts is in stopping volume in the book MTM says that when you face it with a up bar and not hitting new fresh ground this will be stopping volume and when you face 2 bars bottom reversal the up bar should make low lower than the previous bar but now stopping volume should make new low what the heck is that??

but anyway i made my own views coz i think all the indications are slightly the same formations the matter of higher high or lower low is just adding to weakness or adding to strength
ok i will write the question list then post it

good luck for all
  • #260
  • Aug 25, 2011 8:32am Aug 25, 2011 8:32am
Quoting cableguy_mcm
what pair you playing ??

just manage the trade and dont add much when up moves starts to be wide this will lock you with any sharp down move or even suck you in market top LOL tom speaks but it's true
you may also watch for up bars with narrow ranges and high volumes will mark the end of the move

BTW clifton i do have lot lot of questions for you and i want answers for them to clear my thoughs coz MTM confused me so so so much

bar definitions always changing in the book. i will make a questions list for you.

one of the confusing...
i only play eurusd, i am just a beginner. i was preparing for another long when it shoot up suddenly. i don't like that.

been studying VSA since monday, i stopped reading MTM yesterday because the only thing i could remember there is the word "traderguider" seems every line had that word good thing i found this one. the other 2 threads with Shamus and Malcolm is rather long so i started with this first. lucky me.

I just followed every step what Clifton here taught and voila got 3 wins and 1 loss just for this day but still i do not understand yet all about it LOL!
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