vsa with Malcolm

Hi all!
Here is a chart of euro, 1hr: http://www.screencast.com/t/Dw3jyY5OF7N

There are some observations in it.
Also, we can see we are in a range now, and it seems to be a very important price action there that will dictate the euro market in the next weeks.
Friday, we can see that we had a massive volume when the price reached the low level of the range. If it was accumulation, then we are facing a potential breakout of this range during the next week.
Let's see!

Cheers!

VSA experts I have a question.
Gavin talks many times about a gotchy bar.
Can anybody explain or show a chart WHAT a gotchy bar is and what the theory is for the future?

I have added a weekly chart for EURUSD. Is this a immediate retest and higher prices can be expected?

Looks to go higher?

Hi hutrader!
Yes, for me it is a test bar. Very low volume, closing in the up half and with strength in the background, as we can see the very high volume the down bars just behind.
But be careful that the thing with tests and no demands is that they need confirmation.

Cheers!

K thnx but does anybody know what they mean with Gotchy bar??????

Gotcha bar - wide range bar with sharp down move. Has high higher than previous bar and a close down. (pic 1)

I have attached 6E cotract (EURUSD Future contract). (pic 2)

We are still in a down trend. First we need to see price higher 1.3335 level which is beginning of accumulation area. The bar that you have pointed out is looks like test bar. But I have lots of volume on this bar. Anyway it can easily be test bar. And price will go higher. In background we have less strength than weakness. Be careful here, because price haven't yet decided for further direction.

Gotchy bar, also known as an upthrust, designed to fool the hurd to go long...gotcha.

That four hour chart is a beauty!

Dear VSAers!

Thank you very much for sharing your knowledge. Thank you s7c, forexjpn, joaoborras, Twiitch for replying on my previous post.

Please have a look into the latest development of AUDUSD (I have attached daily and 1H chart). It was breakout on massive volume during NFP news. As you see 1.0740 is the area of historical resistance. But I doubt that the massive volume was just an absorbtion of the supply from the locked traders. I think SM have started distribution.

Please, what do you think?

Hello, JimReddy!

This is 6A future contract (AUDUSD)
If we will look on Daily chart we will see signs of strength. No evidence signs of weakness. I don't have Friday's data till tomorrow London session. Now it looks like absorbtion action.

On 1H chart we are in an uptrend. We had some signs of weakness in green oval, but respond to this weakness wasn't so good.

Bar A: Up bar with ultra high vol closing off the high as we penetrate previous higher top is bullish sign. Next bar didn't confirmed potential weakness.
Bar B: No supply bar.

We need to see further testing if we want to buy this market. Now picture, as I think, looks more bullish then bearish, but we need to see further signs of strength.

Now I don't see why this thread has been a long one.
The uncanny newbie traders keep coming because they heard about this VSA stuff everywhere (this began to boom).

I won't tell how many old folks that's been here, desperately keep practicing this VSA method, finding perfection of their analysis, only to no avail. They'll tell you newbie otherwise, but those who I address will be unpleasantly believe how true this is.

Analyzing bar per bar regarding volume is not a sensible one, even though you say you put it in larger view. Some of these VSA "experts" will actually try to find these patterns, and say "there is your no demand or stopping volume", AFTER the price has completed itself. You'll find it everywhere in these thread. Some so called "expert" will also try to trade the 3 or 5 minutes chart, trading noise out of market, only to be on the wrong side of the market. Do you actually really believe that the institutional, or big fund, bother about "we should test the market", or "the test has failed", bla bla bla. Do you really think that's the truth behind all of these?

I always heard in Gavin VSA surgery webinar, with his 3 minutes screen, analyze "now THEY try to test the market.. I'll see whether the test is successful and go long.. (and always say "with a very small contract.. because it's a high risk trade")". Now if you see it logically, all bar's can be anything you want to expect. You want to look for a high volume bar and named it supply present or pushing through volume, you'll find it. It become the common prodigy in financial market: find something that's not actually there. If you don't understand what I'm saying, try to answer this question with fact: Who is these "they"??

Now just tell me, what's so special about the so-called ex syndicate trader?
Do you ever find any strategists in CME group use VSA?
Now just find them. You'll only find S/R method, orderflow trading, and market profile.

I've seen many newbies name in this thread, maybe trying to mimic the strategy, because they find that "this is it" strategy. I've found it convincing and logical at first myself, but when you think more about it, you can't solely depend on it. Now how many of you have purchase things from tradeguider company? They're now begin to look like a supermarket. They're selling anything, you named it: books, newsletter, frequent discounted software, the list go on and on. Now here's what profitable: selling all those stuffs to you herd!

Where's the thread starter of this thread? Gone.. I assume he's come to realize that trading the market is not so easy. Now if you are proud of yourself to be called VSA expert, let me correct that. VSA is easy stuff.. Any newbies can be a VSA expert in day. All you need to do is to have these "chart vocabulary", then trade the chart out of it! You may argue VSA is to see the whole forest instead of tree, and not enough to have just common knowledge. Yeah very right, mr. obvious!

You'll keep seeing the chart attachment, pointing to single bar and make a note, "test, followed by bla bla". It can't be helped. You'll lose money if you follow this. I guarantee it. I give more respect to those newbie who try to give analysis before chart completion, than the so called "expert" who try to be the smart guy later, make a full pinpoint description on the chart, telling he entered here, there, full confident note, that then sounds like a holy grail, yet misleading.

There's many charting out there that is used by REAL smart money. Ever heard tradeguider RT used by credit sussie or HSBC?
Learn market structure, put it under context, and trade the development out of it, not just this created fancy trade name as no demand, upthrust, bla bla bla. If you want to trade using volume, there's many package out there that does a good job telling you the truth. Just name a few: volume breakdown, footprint.

Now one will soon debate, as if it doesn't work for me, doesn't mean it will be the same to others.
Here's the truth: I am not trying to prevent you from losing money. I'm just trying to give more logic sense to this kind of trading to those newbie out there.
Happy trading!

Edit - I rethought my original reply.

Don't feed the trolls and all that.

You can see why we created a forum outside of Forex Factory!

just went long GU. target .5870

1-Trading VSA without some sort of market structure is pretty much useless.
2 -VSA does not predict the future nothing does, so your expectations are unreasonable.
3- "they" is not a small group of people sitting in a smoke filled room pulling the markets strings. rather it is the consensus of opinion amongst market participants.
4 - order flow is a volume based study just like vsa.

Good luck I'm sure you will find something else to "waste" your time on.

Go forth!...and multiply!

Thank VSA has been given in the right direction
high vol up bar
high vol ut
nd
ut after nd short Clear

long because of the test?

A little harsh but you are entitled to your opinion.

Have you read Master the markets or is this just a rant based on a "quick" flick through the thread?

Gez.

Did you check the daily? serious weakness at 1.58 area.