vsa with Malcolm

I am posting a 5min chart not to specifically show any one entry (I was both short and long EU yesterday) but to show a few things... (although in writing the post I do talk a few entries )

I started with a clean chart, removed all my fibs (well not really I just opened a new chart and loaded my VSA profile... I wanted to make it sound like I sacrificed my live charts for this exercise )

Anyway I digress...

1. I have marked on the bars I see as important (in hindsight)... some are UHV in the overall scheme, some are UHV based on time of day... notice also that for this example I am ignoring the WRB's... they tell stories too but for this chart they weren't overly important to me. I then compared this chart to my live chart and all in all it was close but not exact.

Now just look at the chart and see why I chose the bars I did... you may or may not agree and that is quite already but at least understand my choices. Every bar I marked was important to today's PA and at some point controlled it even if only for a short time.

There are trades on there, quite a few actually, both short and long and then actually short again. There was even a nice 2BR into 50% of the top fib but I didn't short it because of the fact overall we had more SOS than SOW and the previous dip proved that as we quickly found support back at a zone which provided resistance earlier in the day... Resistance turned Support, Demand where Supply once stood... exactly. That is how the market operates.

2. The main reason for this post is to draw attention to that "odd" Asia volume spike... while small compared to the later spikes for the time of day it was signifcant and odd. All TF's show this spike clearly. Look where price was rejection multiple times before the drop off... no close ever above 50%. Even that UT rose all the way through only to fail and close below. 2 bars later a great ND below that UT which became the current control zone ( I didn't mark it because it overlaps the Asia one). Fast forward to the retrace we had after the upper fib zone printed... see wher support was found... Cool stuff IMHO.

I just love how price dances from zone to zone to zone... it's awesome, it's predictable and it's my way of levelling the SM playing field and tilting it more towards my favor.

I mean look at the 2 middle zone (below Asia and above the low zone). The first one printed and then the second one... price moved up and was rejected at the low of the zone just above... push down through both zone and a move back up which was rejected at 50% of the lower of the two zones...

Then just to prove their worth as we danced along the high of the lowest zone we push up, get rejected at the low of the zone right above... back down rejection at 50% of the lowest zone another attempt to rise which makes a HH finding rejection this time at 50% of that lower middle zone, make a HL and then we get the push up through the 2 middle zones only to hit the breaks as we move into the Asia / UT combo zone... touch it retrace weakless a beauty NS and another push up... but see it doesn't go easy as it takes 4 bars and some effort to push through the remaining supply... again this is how the market works... no straight lines, supply, demand, cause, effect, effort, result and so on!

The effort it took to push through means that now we have demand orders built up where we once had supply orders, demand won the battle and supply retreated. Then demand set up shop, picthed their tents and found a new home. We didn't get far before demand took another hit of supply (upper fib zone) this time they let their foot off the gas and we retraced down to the demand camp and headed back up...

Lovely stuff... hopes others see the beauty in all of this... thanks to VSA.

Hello community! First post here. Wanted to share my trade from last night.

comments are always welcome. I look forward to doing whatever i can to assist in any knowledge i have and of course learn from the bigger fish as well.

cheers all

EU-M15 today.

1. ND
2. UT
3. ND
4. UT
5. ND

Thanks HG, great advice. I like the idea of allowing for 2 consecutive up bars before exiting. Looking back, it solves the problem on most of the trades I have had this issue with and it gets me out without too much damage if it does go against me not long after entering. Good stuff!

Hi all.
I would like to post a chart of euro, at January 26th.
Again, it is more for documentation, study and later review. Also, seeing the same thing again and again serves to internalize the patterns and this, at the end, will make easier to identify the PA when it is unfolding in real time, in front of us and then, allow to pull the trigger more easily.

And, as I evolve with VSA, order flow and the SM's manipulation techniques, I can see the patterns repeat themselves everyday, in almost the same fashion. And that means that yes(a big YES), it is possible to make a living with market speculation.... if we treat it as a business.

Cheers!

piphand i like ur clear explanation,question so u wait for stopping volume and wait for a test back to area of supply with less volume in 15min?av tried to confirm the setup in 1h i cant trace it can u help show with the chart in 1h pls

Hey mate,

i went ahead and looked at the 1 hour. I gotta say looking at the 1hr i dont see a VSA set up.
The only thing i could say is when you see a spike in volume on a one hour, go ahead and look at a smaller time frame to see what happened during that high volume.

ie. If you look at the hour candle before up move i showed, you could say it was a hidden upthrust. Though if you switch to the 15 minute you'll see that it was just testing supply.

My set up on my main monitor is 5 min, 15 min, and 1 Hr. I check them all constantly.

major support at 1.3050. We have a confluence of 10 year and 2 year Fibonacci retracement.

also, i should clarify that i do not WAIT for stopping volume. It just so happened that it showed up. The bar that corresponds with the 2nd arrow has EXTREME volume on an upbar. if that bar contains a lot of selling then SM (smart money) will want it back in that area to see if the bears continue to give them a hard time by selling. The fact that it went down there with a low volume down bar shows that they absorbed enough of the selling with the stopping volume downbar. At that point since there was no selling the up move could then take place.

Nice trade and explanation !!!

Hi all good to see the thread is still ongoing

cool thenx personally i wait for stopping vol in uptrend or downtrend so what do u look for high volume?

Hey Mal good to hear from you. EORM on apple stock (aapl), Western Digital (wdc), and a few others. could be a reversal. Also wdc is up 32% from my trade call a few weeks ago.

Hi Joao nice analisys, another one similar to yours:

This is AUD Futures H1 30/11/11:

http://content.screencast.com/users/...01-27_1832.png

EU played nicley today...

5 min chart with my 2 entries marked and described.

We found stopping volume right where it made sense to see it.

We pushed up away from the volume out of the zone, came back down saw a little bounce and then a great 2BR into the fib high...

Then a perfect test is a rising market, testing perfectly into what was the daily high... signs that a continued push up was in the cards.

Hi! Here is a post for the price action on cable, last Friday.
It is, again, a reinforcement for the patterns that we see recurring every day, how the smart money manipulate weak holders and how they need areas of high liquidity to open or close their positions.
These high liquidity areas are, mostly of the time, where there will be a lot of stop loss(buy or sell) orders. They buy into an area with many stop loss sell orders and they sell into an area with many stop loss buy orders.
The manipulation is done to make traders believe that the market will move in one direction. The SM know that people's actions are predictable so, they know where longs(or sellers) will most likely put their stop losses orders.
It is always good to have in mind(and in our charts as well) the areas where, most likely, there is a lot of stop loss(buy or sell) orders because it is there that we will know what is the SM real intention.
This chart is another example of this maneuver.

Cheers!

- I find interesting the "bad news" of EU that came in friday. First we were trading up, and the price continued to trade up after the news. This is interesting.

- The 13th of this month was easy to spot the situation, because the was a very long down trend , a selling climax and bad news. But this week.... Whats your opinion?

Apple had great 1st quater earnings released on Jan 24th... right before the GAP up on the 25th...

http://www.foxbusiness.com/technolog...q-eps-revenue/?

Let the SM distribution begin for a nice sell off... Apple is doing good which means it's a great time to join SM in their ultimate sell off as everyone else buys the good news. Could take a while for the process to complete but I think we all know SM are going to eventually take this down off the good news.

What's that old saying? Something about the worst time to buy stocks is when everyone else wants the stock... the best time to buy is when no one else does... or something like that anyway.

Thanks for posting the chart apple_sauce...

quick counter trend trade

Hi guys my outlook on gold.. will play this one slowly

Where have you been Mal? still trading vsa or retired on a beach in Bora Bora.