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vsa with Malcolm

  • #22,001
  • Oct 7, 2011 5:42pm Oct 7, 2011 5:42pm
But How to be sure that this trader didn't load his template " Hard shyt" just in case we lurk on his screen to mess with our mind ?

If Only Malcolm were here to show the right path.
  • #22,002
  • Oct 7, 2011 6:06pm Oct 7, 2011 6:06pm
Quoting MktScape
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. ....
Hey , It's a brutal war at there - Gotta come equipped ..lol

Quoting magicxel
But How to be sure that this trader didn't load his template " Hard shyt" just in case we lurk on his screen to mess with our mind ?

If Only Malcolm were here to show the right path.
Linda @ 6:41 , and here she performs my favorite exercise @ 9:07 ..lol

Here's Linda Bradford Raschke (LBR Group ) , She's kind of a big deal too .. ..Here's the thing though , I only trust them when I use them with Supply and demand zones , that 's when you don't get the over-extensions and the rest of the follies that comes with using them..

Inserted Video
  • #22,003
  • Oct 7, 2011 6:07pm Oct 7, 2011 6:07pm
Quoting magicxel
But How to be sure that this trader didn't load his template " Hard shyt" just in case we lurk on his screen to mess with our mind ?

If Only Malcolm were here to show the right path.
The guy who was being interviewed was the co-head of the trading group and i personally think that they won't be really bothered by a couple of seconds of glimpse of their screen showing their indicators ..... because its not the indicators which make a good trader ....its the trader who would know how and when to use and take guidance from a momentum indicator.

Having multiple momentum indicators such as MACD, RSI etc is complete unnecessary (as all of them shows the same thing i.e. momentum change) .... 1 indi is enough in my opinion, if at all needed.
  • #22,004
  • Oct 7, 2011 6:15pm Oct 7, 2011 6:15pm
Quoting taomql4
Hey , It's a brutal war at there - Gotta come equipped ..lol



Linda @ 6:41 , and here she performs my favorite exercise @ 9:07 ..lol

Here's Linda Bradford Raschke (LBR Group ) , She's kind of a big deal too .. ..Here's the thing though , I only trust them when I use them with Supply and demand zones , that 's when you don't get the over-extensions and the rest of the follies that comes with using them..

http://www.youtube.com/watch?v=bOWWO..._order&list=UL

Wow Look at the indicators she has on her screen.! Looks like Keltner Channel or Bollinger Bands some other indis below.
  • #22,005
  • Oct 7, 2011 6:49pm Oct 7, 2011 6:49pm
eurusd 15min
set up
1.supply hitting market，high vol up bar close low major bar
2.two bar ut
3.no demand
sell in1.3495 SL 30pips
tp at1.3366 there have a no supply bar.and US close.
Attached Image (click to enlarge)
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  • #22,006
  • Oct 7, 2011 7:09pm Oct 7, 2011 7:09pm
Quoting boyce
eurusd 15min
set up
1.supply hitting market，high vol up bar close low major bar
2.two bar ut
3.no demand
sell in1.3495 SL 30pips
tp at1.3366 there have a no supply bar.and US close.
good execution there boyce

I was wondering how many traders here keep full records of their trades and assess how their edge is playing out over a series of trades rather than from trade to trade basis?
  • #22,007
  • Oct 9, 2011 1:02pm Oct 9, 2011 1:02pm
Quoting boyce
eurusd 15min
set up
1.supply hitting market，high vol up bar close low major bar
2.two bar ut
3.no demand
sell in1.3495 SL 30pips
tp at1.3366 there have a no supply bar.and US close.
Boyce, i'm missing something. Why didn't you short after two bar ut ?
Is it a rule to short only after ND ?
  • #22,008
  • Oct 9, 2011 1:57pm Oct 9, 2011 1:57pm
Quoting MktScape
good execution there boyce

I was wondering how many traders here keep full records of their trades and assess how their edge is playing out over a series of trades rather than from trade to trade basis?
My account balance is my record and the best indication of how my trades are going and if I am trading right.
  • #22,009
  • Oct 9, 2011 3:16pm Oct 9, 2011 3:16pm
Quoting gigitranza
Boyce, i'm missing something. Why didn't you short after two bar ut ?
Is it a rule to short only after ND ?

Hello friend gigtranza. Please forgive me for chiming in on your question. I do so because I can shed a bit of light on that issue. In VSA the most important thing is close study of background. Friday's EU action resulted from strength coming into the market. Any VSA trade setup situation where pattern strength converts to pattern weakness, or visa-versa, requires multiple SOW/SOS and price breaking through an identified value. My amateurish observation is that often failed tests function as points to identify inflection resistance lines.
The below 4H chart of EU shows such a line that was in play Friday.

Best Wishes to All for Big and Consistent Profits.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_4h_100711.gif Size: 20 KB
  • #22,010
  • Edited 4:26pm Oct 9, 2011 4:00pm | Edited 4:26pm
Quoting gigitranza
Boyce, i'm missing something. Why didn't you short after two bar ut ?
Is it a rule to short only after ND ?
ON ENTRY:

Technically you want to look for entries on UP bars. That is because when weakness appears it usually appears on an UP bar.

I have attached my chart of the same period. Nevermind that I have called it a Trap Up Move. If you are aggressive you could look to enter on the next interval as price move back into the range of the TUM. This is a bit advanced. On the chart this would be ENTRY#1.

The more traditional VSA entry is to look for a weak UP bar. On my chart, the volume is greater so it is not a No Demand. It is a equal range up bar on increasing volume, or a Squat. The entry would be a 1 pip below the low of this bar. This would be the ENTRY #2 on the chart.

In sum: Most VSAers tend to look for UP bars to enter short and DOWN bars to enter long.

ON STYLE:

There are many ways, or styles, to trade with VSA. Many are finding great success using Supply/Demand Zones ala Sam S. If a trader is using said zones then he might be more inclined to take the trade at the Two Bar Up Thrust (Trap Up Move on my chart). I would not be surprised if Frankkn would have entered here.

Other traders use Trigger numbers. For them the ideal entry would be a No Demand (in this case) that is moving up to the line but not getting above it. I don't know if there is a trigger one my chart, but assume the lower pink line is a trigger. The Squat, which is No Demand on Boyce's chart, would be that ideal trigger entry.

In Sum: It all comes down to what you want to see appearing where you want to see it.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA 7.png Size: 41 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #22,011
  • Oct 9, 2011 5:03pm Oct 9, 2011 5:03pm
Quoting HiddenGap
ON ENTRY:

Technically you want to look for entries on UP bars. That is because when weakness appears it usually appears on an UP bar.

I have attached my chart of the same period. Nevermind that I have called it a Trap Up Move. If you are aggressive you could look to enter on the next interval as price move back into the range of the TUM. This is a bit advanced. On the chart this would be ENTRY#1.

The more traditional VSA entry is to look for a weak UP bar. On my chart, the volume is greater so it is not a No Demand. It is a equal...
Thanks for your valuable insight HG.
  • #22,012
  • Oct 9, 2011 7:27pm Oct 9, 2011 7:27pm
Quoting HiddenGap
ON ENTRY:

Technically you want to look for entries on UP bars. That is because when weakness appears it usually appears on an UP bar.

I have attached my chart of the same period. Nevermind that I have called it a Trap Up Move. If you are aggressive you could look to enter on the next interval as price move back into the range of the TUM. This is a bit advanced. On the chart this would be ENTRY#1.

The more traditional VSA entry is to look for a weak UP bar. On my chart, the volume is greater so it is not a No Demand. It is a equal...
Thank you great post。Let's look at a simple。i use HULL ，It will filter out some of the signal。I will consider entering after color change。Will lose some of pips at the top。But it does not matter
  • #22,013
  • Oct 10, 2011 5:16am Oct 10, 2011 5:16am
Hi,

you have any blog or web page where you post your trades?

I find very interesting your contributions to the forum.

Regards
  • #22,014
  • Oct 10, 2011 5:50am Oct 10, 2011 5:50am
Thanks for your posts HG.
  • #22,015
  • Oct 10, 2011 7:01am Oct 10, 2011 7:01am
Lluna, I checked your recent posts and I'm trying to do a similar analysis. Do you thinkt abou this analysis I just do?


Entry after UT, Stop Loss over ND.
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  • #22,016
  • Oct 10, 2011 8:21am Oct 10, 2011 8:21am
Thanks everybody for making this a great learning thread. Best Wishes to All for Big and Consistent Profits.
  • #22,017
  • Oct 10, 2011 9:00am Oct 10, 2011 9:00am
Quoting fguardia
Hi,

you have any blog or web page where you post your trades?

I find very interesting your contributions to the forum.

Regards
Be carefull, it sounds like you request a signal service. This thread is about teaching and learning. If you want trade calls, go away.
  • #22,018
  • Oct 10, 2011 9:08am Oct 10, 2011 9:08am
Quoting fguardia
Lluna, I checked your recent posts and I'm trying to do a similar analysis. Do you thinkt abou this analysis I just do?


Entry after UT, Stop Loss over ND.
For me, they are poor ND and UT. The close is to high on both of them.

Your ND has a long under wick, represents demand.
Your UT closes too high and doesn't make fresh new high.

But it's just my opinion and i'm a beginner, so if i'm wrong, please correct me.
  • #22,019
  • Oct 10, 2011 10:11am Oct 10, 2011 10:11am
I took this simple VSA buy scalp in EU a few minutes ago. Two tests on a 5M chart indicated a dearth of supply-sellers. As EU is up trending on this risk on day, then if it ain't going down, it must be going up.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_5m_tests_buystop.jpg Size: 91 KB
  • #22,020
  • Oct 10, 2011 11:05am Oct 10, 2011 11:05am
Hi,

I'm not request for any signal service!

I am a beginner and this is my first analysis.

I think you're right is a poor UT.

Regards
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