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vsa with Malcolm

  • #21,981
  • Oct 6, 2011 2:50pm Oct 6, 2011 2:50pm
Quoting RaverStyleTim2
Failed Trade i prob shouldn't have taken. But failed trade is a trade worth looking still.
First x marks what i saw was support.
Second X marks a no supply bar which in retrospect i think could of valid.
Anyone wanna mark it up and let me know what went wrong?I know supply was present but like i said i saw support.
Thanks for the chart. We can learn a lot from a chart like this.

TBH, I found this chart very difficult.

From my perspective, I think I would have made a Long entry either at the first "x" or the second "x". I see both as being in the right place with STRENGTH in the background. I honestly like the second "x" better because the volume is less than average and it is in the long shadow of the first "x", which I marked as a Reverse Up Thrust.

With a long entry after the NS, I would want my stop to be just below the RUT. But look what happens. There are two failed tests. The second of which takes prices below the low of the NS. In fact, the interval after the test actually dips down below the low of the RUT. If I was not stopped out, then it might be time to reverse and get short. If you are not the type to SAR a position, then you simply take a loss and move on to the next trade.

I do not know how you use the diamonds, but since they are on the chart I will make a few more comments. First, I would have a hard time getting long with price below the diamonds even at the second "x". Not only is price below them but they are grey. By the time of the second failed test the diamonds are red. This would give added confidence in doing a SAR.

But again, so as there is no confusion, I would have been looking to get long at the NS as you did since I don't use the daimonds.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,982
  • Oct 7, 2011 9:48am Oct 7, 2011 9:48am
Today we had a nice WW.

It was a perfect example once again with its PS (Preliminary Support), followed by its SC (Selling Climax), then the AR (Auto Rally), then a ST (Secondary Test), until it CtC (Crossed the Creek), then a SO (Shake Out) on the AR line.

Then price moved sideways waiting the news but with such strength structure on our back long movements were to expect... and boom!!!! 80 plus ticks jump after the news.

Hope it makes sense.
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  • #21,983
  • Oct 7, 2011 10:28am Oct 7, 2011 10:28am
Quoting Lluna
Today we had a nice WW.

It was a perfect example once again with its PS (Preliminary Support), followed by its SC (Selling Climax), then the AR (Auto Rally), then a ST (Secondary Test), until it CtC (Crossed the Creek), then a SO (Shake Out) on the AR line.

Then price moved sideways waiting the news but with such strength structure on our back long movements were to expect... and boom!!!! 80 plus ticks jump after the news.

Hope it makes sense.
Really good post. Many Thanks.
  • #21,984
  • Oct 7, 2011 11:21am Oct 7, 2011 11:21am
Pics from an earlier trade-shown in real time. Had to sit through a little bit of heat before price headed south. Stop just above the Up Thrust (Hidden).
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,985
  • Oct 7, 2011 11:27am Oct 7, 2011 11:27am
Just had some stopping volume come in.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,986
  • Oct 7, 2011 11:45am Oct 7, 2011 11:45am
Quoting HiddenGap
Just had some stopping volume come in.
Moved up a bit and printed a ND and then price closed below the low of the Stopping Volume bar. More downside to come?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,987
  • Oct 7, 2011 12:22pm Oct 7, 2011 12:22pm
Quoting HiddenGap
Pics from an earlier trade-shown in real time. Had to sit through a little bit of heat before price headed south. Stop just above the Up Thrust (Hidden).
Nice trade took a short also off the 15min per the chart below... entered at 3490 for the reasons noted.

Edit - I shorted the effort to rise not the ND...
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Today's zone = Tomorrow's opportunity!
  • #21,988
  • Oct 7, 2011 12:51pm Oct 7, 2011 12:51pm
Quoting pres78
Nice trade took a short also off the 15min per the chart below... entered at 3490 for the reasons noted...Edit - I shorted the effort to rise not the ND...
Well done....Hope we all can go from herd to hunter .
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #21,989
  • Oct 7, 2011 12:54pm Oct 7, 2011 12:54pm
Hey guys, can anyone point out the 'ol bull slap? I've posted a couple in here recently, just a nice late NY scalp setup. Showed up 5 minutes too late to take this one, had to work this morning.
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  • #21,990
  • Oct 7, 2011 1:00pm Oct 7, 2011 1:00pm
Quoting pres78
Nice trade took a short also off the 15min per the chart below... entered at 3490 for the reasons noted.

Edit - I shorted the effort to rise not the ND...

Why is so much difference between volumes ?

http://i53.tinypic.com/2j1suoy.gif


http://i55.tinypic.com/1zmhu34.gif
  • #21,991
  • Oct 7, 2011 1:05pm Oct 7, 2011 1:05pm
Quoting gigitranza
Why is so much difference between volumes ?
Different brokers.

Same end result...
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Today's zone = Tomorrow's opportunity!
  • #21,992
  • Oct 7, 2011 1:32pm Oct 7, 2011 1:32pm
Quoting HiddenGap
Well done....Hope we all can go from herd to hunter .
That's why we are here isn't it... learn to track and hunt the SM.
Today's zone = Tomorrow's opportunity!
  • #21,993
  • Edited 5:14pm Oct 7, 2011 1:56pm | Edited 5:14pm
Pirce hit a Big Round Number with a HV and a ND bar appeard as well. May play out next week.

Forgot to mention that price is approaching a supply level on the left which is also near monthly pivot .... so if there is too much supply price may reverse well before the level.
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  • #21,994
  • Oct 7, 2011 2:57pm Oct 7, 2011 2:57pm
Quoting magicxel
VSA is a powerfull tool to "read" the charts. I can't go back to my MACD/Stochastics indicator anymore. I'm just a newbie but i will try to learn from all of you guys.

..
And why are you assuming "SM's" don't use Macd's ..There's nothing wrong with it really, If you know when/where to apply it. They work very well in conjunction with supply and demand zones ..Just sayin.....

Inserted Video
  • #21,995
  • Oct 7, 2011 3:01pm Oct 7, 2011 3:01pm
Quoting RaverStyleTim2
Failed Trade i prob shouldn't have taken. But failed trade is a trade worth looking still.
First x marks what i saw was support.
Second X marks a no supply bar which in retrospect i think could of valid.
Anyone wanna mark it up and let me know what went wrong?I know supply was present but like i said i saw support.
-----

As much as I love VSA , it's still a notch below trading Supply and Demand zones .. As a matter of fact , Everything is ..lol

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  • #21,996
  • Oct 7, 2011 4:40pm Oct 7, 2011 4:40pm
Has anybody tried to trade VSA signals of a 5 minute chart?
This is no joke question, seriously.

Cheers
  • #21,997
  • Oct 7, 2011 4:46pm Oct 7, 2011 4:46pm
Quoting Pipstrumpf
Has anybody tried to trade VSA signals of a 5 minute chart?
This is no joke question, seriously.

Cheers
No joke well it should be because it's a foolish question. Have you even looked at one single chart example on this thread?
Today's zone = Tomorrow's opportunity!
  • #21,998
  • Oct 7, 2011 5:04pm Oct 7, 2011 5:04pm
Quoting pres78
No joke well it should be because it's a foolish question. Have you even looked at one single chart example on this thread?
Hi pres,

Yes I did look at charts on this thread but obviously you have some experience in not trading signals of lower the 15 minute charts.
Anyway I thought maybe but.......

Cheers
  • #21,999
  • Oct 7, 2011 5:06pm Oct 7, 2011 5:06pm
Quoting Pipstrumpf
Hi pres,

Yes I did look at charts on this thread but obviously you have some experience in not trading signals of lower the 15 minute charts.
Anyway I thought maybe but.......

Cheers
LOL dude
  • #22,000
  • Oct 7, 2011 5:11pm Oct 7, 2011 5:11pm
Quoting taomql4
And why are you assuming "SM's" don't use Macd's ..There's nothing wrong with it really, If you know when/where to apply it. They work very well in conjunction with supply and demand zones ..Just sayin.....

http://www.youtube.com/watch?v=xuCCeLlodkk
Interesting observation Tao. Here is a magnified version .... these guys have what appears to be RSI, MACD, Moving Average and Top right corner shows Pivot Points. ....
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