vsa with Malcolm

Today was very interesting, any good trader should have enjoyed this week action, at least we can say "interesting". One of todays movers was Gold,XAU/USD. In my opinion we have not seen the top of gold yet, and todays actions favours a longish position if we analize it with my primarly tools that are Price Action and VSA.

Here you can see todays Gold,XAU/USD chart.

Now we have to look for entrys and Risk management.

I have entered Long at 1.695, have put my Stop loss at 1.691, risking 1,5% of my account. My TP is now at 2.000. This mean that the trade has a Risk:Reward of 1:70. That means if it works more than 1,43% of times this trade has Postive Expected Value. Also means we will increase the account with a 105% of our trading capital if we achieve the TP.


**** In case we hit Stop loss I would look for more longs 1.663 and 1.673.


Have a nice day.

you best be carefull, todays short range shows weakness. I predict a test of 1690-1700, If we do that will be an ideal entry long. Also we are right on the 50% fib, selling at this level is most likely the cause of the short spread.

I am exploring the possibility to integrate in the VSA approach the new and completely different approach of measuring the algorithmic order flow developed by Carl Weiss.

However it is for SP 500, Oil and Gold.

The idea is to measure the order flow and some divergence in momentum.

And this information can be exploited in VSA.

This is the WOW index. It has been created by Carl Weiss. The Weiss Index or as he call the WoW index monitors the order flow. The algogoup is deploying a R&D program trying to understand of how changes in Order Flow affect changes in Price.

There are two signals:

1. There is a classification algorythm showing if the order flow is going up or down. Main idea, never fight the ticker.

2. The signals are coming when there is some divergence in the order flow momentum. Here I will cite Carl Weiss.

"Wo-Mo is proprietary class of algorithms developed by Algo Futures that monitor each transaction in a particular market and output streaming sets of values from which, the aggregated change in momentum of the ferocity and half-life of Buy and Sell program invocations can be inferred.

This ongoing ‘action and reaction’ activity within the automated trading environment is the major determinant of changes in Price in the short-term.

When the aggregated behavior of the automate program trading is aligned and congruent, trends are created. When the behavior is chaotic, Price is chaotic.

The WOW Indices are composed from the outputs of some of our real-time SP 500, Dow 30, STOXX 50, & Crude electronic futures order flow momentum interpretation algorithms."

Thank you for share your information.

I have contacted Carl Weiss and he is very nice guy. I mean it is a pearl in the dust for me. Mainly because it is free .

I think how it is possible to integrate in VSA some new instruments. The simple volume is OK but this information can be complemented.

I post this here because here people would understand what it is about.

Of course this is still the beginning and tests need to be done.

http://www.youtube.com/watch?v=xFrTqts0PQc&autoplay=1

Selling Tradeguider Lifetime License RT 4.0. Make me an offer by pm if interested.

Gavin won his match today in the traders challenge. Congratulations Gavin keep doing VSA proud.

VSA Rules...

Greg Capra won last time ....I think ...but Gavin did it!

Where have the gang gone to??

Sonic

He's a great trader who thinks he is a better marketer. Not many have this issue, its usually the other way around.

Gavin = our God

unfortunately I wasn't able to attend the event. Is it archived?

Not sure, but the semi finals are this Tuesday Nov. 1, 2011.

This is a 4H chart of gold. I find it amazing how well respected these high volume triggers are. In this case the level was taken from the close of that selling climax, which also happened to be the highest vol in weeks. I do have a theory as to why they work but I'm still trying to figure out how explain it.

There was a lot of buyers in the highlighted area meaning that there are a lot of locked in traders in that price range. I expect this area to be strong resistance if we get back up there, as many traders will be looking to get out of a loosing trade.

A distribution between market makers and retailers just occurred at the level
1.4000.

Look at the chart from Oanda open orders:


1. The market is organized with orders at every 100 pips at round numbers.

2. How it runs at ordres. Sometimes it stops for a little. In fact if we have:
- a low fractal dimension and that happends in periods of
- time pf the day with high volatility
- increase of volume

the probability to run through orders is bigger

3. How the last level worked as a resistance.
The Predicted Average true range of the day can also serve as a guiding place at what particular level the market would stop. The idea is to look at that range where is the last big accumulation.

Result of Intervention!!????
Wonder if they just have pulled a stunt for some people (institutions) as an opportunity window, who knows??
No wonder country's are hold to their knees with such amateurs on the political lever.



So the BOJ is expected to intervene today again and all what I can see is rejection after rejection in just one day. WTF ???


Good luck.

hello,everybody,does anybody know any live trade VSA room which can teach VSA and has some real call trades?I don't mind paying .thank you.
regards.

I pictured a rainbow
You held in your hands
I had flashes
But you saw then plan
I wondered out in the world for years
While you just stayed in your room
I saw the crescent
You saw the whole of the moon!
The whole of the moon!

You were there at the turnstiles
With the wind at your heels
You stretched for the stars
And you know how it feels
To reach too high
Too far
Too soon
You saw the whole of the moon!

I was grounded
While you filled the skies
I was dumbfounded by truths
You cut through lies
I saw the rain-dirty valley
You saw brigadoon
I saw the crescent
You saw the whole of the moon!

I spoke about wings
You just flew
I wondered, I guessed, and I tried
You just knew
I sighed
But you swooned
I saw the crescent
You saw the whole of the moon!
The whole of the moon!

With a torch in your pocket
And the wind at your heels
You climbed on the ladder
And you know how it feels
To reach too high
Too far
Too soon
You saw the whole of the moon!
The whole of the moon!

Unicorns and cannonballs,
Palaces and piers,
Trumpets, towers, and tenemets,
Wide oceans full of tears,
Flag, rags, ferry boats,
Scimitars and scarves,
Every precious dream and vision
Underneath the stars

You climbed on the ladder
With the wind in your sails
You came like a comet
Blazing your trail
Too high
Too far
Too soon
You saw the whole of the moon!

Not sure how one would view uj right now. Obvious support but thrown off by bar A. Any thoughts on how to analyze this?