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vsa with Malcolm

  • #22,641
  • Feb 6, 2012 5:58am Feb 6, 2012 5:58am
Quoting Probo
Now just tell me, what's so special about the so-called ex syndicate trader?
I have seen Tom Williams live analysis. He did that every friday few years ago in VSA-club.
He was allways right.
  • #22,642
  • Feb 6, 2012 6:23am Feb 6, 2012 6:23am
Quoting juhanimi
I have seen Tom Williams live analysis. He did that every friday few years ago in VSA-club.
He was allways right.
How do you seen Tom Williams live analysis
  • #22,643
  • Feb 6, 2012 7:50am Feb 6, 2012 7:50am
Quoting gez40
Did you check the daily? serious weakness at 1.58 area.
Hello gez40! Why do you think this is weakness? May be this is absorption action for now? After bar A we have NS/Test bar and next bar confirms that being up.
Attached Image (click to enlarge)
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  • #22,644
  • Feb 6, 2012 9:11am Feb 6, 2012 9:11am
Quoting V_2008
Hello gez40! Why do you think this is weakness? May be this is absorption action for now? After bar A we have NS/Test bar and next bar confirms that being up.
Wow, look at the difference in volume on your chart compared to my crappy fx pro feed, just shows you how important a good feed is for VSA.

Gez
Seek not to change the world; seek only to change your mind about the world
  • #22,645
  • Feb 6, 2012 9:25am Feb 6, 2012 9:25am
Quoting Probo
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...
Hi Probo!
One thing I agree with you 100% is that TradeGuider has a strong sales mission on it. 100% agree! :-)
But the VSA itself, it does work. There are many names for the same things, you know, some one calls a bar "hammer" instead of "shake out", "shooting star" instead of "upthrust", a "doji" instead of "no demand", etc., etc. But, what is behind the candles(or the bars) is what is important to understand. That is what we all(here and in CME) are trying to read and understand. Volume is key to understand what the market is doing.
Market profile also is based on volume, as they use the equation Price x Time = Volume, as you know.
Also, some people call "they" the smart money, the big money, the "composite operator", the market makers. We can name "they" anything we want but we all know that the market only moves with money, BIG money. I don't move the market, you don't move the market alone, if you put all traders in this thread together, will not move the market.
We can put different names for the things we see in the charts but the basis are the same: supply, demand, areas of high liquidity, order flow(as you said), etc. VSA is all about it, believe me. Only with different words.
If you saw some videos from TradeGuider, you'll see that all the guys there are always looking for "levels". These levels are areas where the market tends to react, because there are more demand or supply there.
You can name if "value point" in market profile. You also can name an upthrust or shake out as "unfair highs or lows" in market profile and fade it, trading the same way as a VSA'er will do.
I also like market profile a lot. Help me see things, the structure of the market.

We are all working hard to make this business work for us. This thread is very good. And I can assure you that VSA works(by the way, it is the approach used by Wyckoff and Livermore).

Probo, I would like to invite you to join this thread, enrich our knowledge with yours and we can also give you something as well.
Let's do it together! It is a very difficult business we all are trying to join.

Cheers!
  • #22,646
  • Feb 7, 2012 8:39am Feb 7, 2012 8:39am
Hi all!
I am posting some charts from euro price action today.
I was in a good sync with the market. I took one trade but unfortunately, was a bit early. Then, I was waiting for the signal to go long but I had to leave my seat and... well, you will see what I missed.
I am also posting a market profile chart to show how we are talking the same thing, with different words and terms and, hopefully, to show that we can use MP to complement VSA(and vice-versa).
Again, this chart is in hindsight but it is good to study the patterns, what to look for, etc. It helps to reinforce our brain.
I would like to say that I am being pretty consistent with VSA and price action only(a la Sam Seiden and Chris Lori) for a while now and it is giving me great confidence and results. It is really true that consistency is key. The same approach every day, implies you are always looking the market the same way and it helps to get its rhythm.
Ok, here are the charts. Comments are within it.

Cheers!
Attached Image(s) (click to enlarge)
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  • #22,647
  • Feb 8, 2012 1:22am Feb 8, 2012 1:22am
Quoting Sonofsin5
Watch the EURJPY everyone. 100 will at some point be breached. Check out the 1 hour chart with the upthrust above 101.75 taking out previous highs. Telegrams are being sent.
Coming out of semi retirement since my last post which could have put some into semi retirement as well.

Something is cooking in the Eur.usd.

I am expecting to see a large high volume drop on "Bad news" testing the .3000 level within the month. If this occurs and there is no follow through I will be taking a massive long with a price target of at least 3500.

Remember, we need to buy when the news is bad and sell when it is great.
Chew on this for a while, good luck everyone. This is a tough market.
  • #22,648
  • Feb 8, 2012 8:25am Feb 8, 2012 8:25am
Quoting Probo
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...
What exactly is it that you hope to gain from trying to debunk the merits of trading using VSA on a thread populated by people trading using VSA?

Why not start your own thread where you can offer a great service to the trading community involving lots of wonderful examples of supposed "sound" VSA entries where the market went against the trade?
  • #22,649
  • Feb 8, 2012 10:15am Feb 8, 2012 10:15am
Hello, SOS
Do you make this long-term forcast based on 1 hour or 4 hour charts? Welcome back to share your expertise with us.

Quoting Sonofsin5
Coming out of semi retirement since my last post which could have put some into semi retirement as well.

Something is cooking in the Eur.usd.

I am expecting to see a large high volume drop on "Bad news" testing the .3000 level within the month. If this occurs and there is no follow through I will be taking a massive long with a price target of at least 3500.

Remember, we need to buy when the news is bad and sell when it is great.
Chew on this for a while, good luck everyone. This is a tough market.
  • #22,650
  • Feb 8, 2012 7:55pm Feb 8, 2012 7:55pm
Very interesting the way this guy has been applying VSA,Seems as though they apply the Wyckoff method as well
Inserted Video
  • #22,651
  • Feb 8, 2012 9:41pm Feb 8, 2012 9:41pm
Quoting La1982
Very interesting the way this guy has been applying VSA,Seems as though they apply the Wyckoff method as well
http://www.youtube.com/watch?v=kDmIL...eature=related
If you want a stock to look at check out PHYS. VSA 101 all over the chart.


Polomine, I got my analysis from longer term charts and CFTC reports which are showing how short the world is on the Euro. Large players will wait for extremes in long/short bias and run the market the opposite way to kill stops guaranteeing fills.

Apply common sense to the market when using VSA dont just read the charts. Think and take a look at what the world is telling you about the death of the Euro right now; if it was all true we would be below 1.10 long ago. Its all BullSh@t and a game.
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  • #22,652
  • Feb 8, 2012 9:48pm Feb 8, 2012 9:48pm
Id love some .3000 testing but as more time goes by I doubt we will see it. I'm taking nibbles at longs with tight stops and high R:R.
At this point in time the market is telling me long, If we break 3160 then we have a new picture to dissect.
In the meantime drink some nice wine and play chess, let the pawns fill the stop hunters pockets.


I have never been successful trading short term Forex. I've also never met a fund manager who stared at a 15 min chart (If you have let me know). But that's just me.
  • #22,653
  • Feb 9, 2012 1:32am Feb 9, 2012 1:32am
Quoting V_2008
Hello gez40! Why do you think this is weakness? May be this is absorption action for now? After bar A we have NS/Test bar and next bar confirms that being up.
Bar A is not weak has the same volume like the bar before but the range of bar A is small So if i'm a seller and i'm trying to push down the market and i'm not able to push down it more the market will form a small range bar A
Next bar after bar A has an increase in volume and bar lenght and it closes in the middle of it's range = buying still on and you are above a support
British pound is not weak it's forming higher highs and higher lows.
In the up move in the daily chart all the bars are closing in the middle or around the high.
Yesterday action is weak has the same volume of the day before and the range is more wide possible stopping action yes possible.
You need supply to push down a market not selling.
  • #22,654
  • Feb 9, 2012 8:24am Feb 9, 2012 8:24am
looking at the EU 1h, I'm seeing the HUGE volume coming in on the announcement from the ECB (similar volume we saw at the start of the rally from 1.2622) with a wide up bar closing in the middle. Seems to me to be the final 'buying climax' with the public rushing in on the good news? The strong shorts are just sitting there absorbing all this buying, perhaps?
Attached Image (click to enlarge)
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Be greedy when others are fearful, and fearful when others are greedy.
  • #22,655
  • Feb 9, 2012 8:34am Feb 9, 2012 8:34am
Quoting upthrust
looking at the EU 1h, I'm seeing the HUGE volume coming in on the announcement from the ECB (similar volume we saw at the start of the rally from 1.2622) with a wide up bar closing in the middle. Seems to me to be the final 'buying climax' with the public rushing in on the good news? The strong shorts are just sitting there absorbing all this buying, perhaps?
I did listen that, and I think it was good news for euro.
  • #22,656
  • Feb 9, 2012 8:54am Feb 9, 2012 8:54am
Quoting La1982
Very interesting the way this guy has been applying VSA,Seems as though they apply the Wyckoff method as well
http://www.youtube.com/watch?v=kDmIL...eature=related
I'm a little confused as to why you're talking about 'this guy' and 'they' when its pretty apparent from your 9 posts username, and the username of the youtube video poster, that its your video? I also noticed you claimed credit for the video on your own VSA thread here.
Blogging daily now at www.volume.zone
  • #22,657
  • Feb 9, 2012 9:35am Feb 9, 2012 9:35am
Quoting Steve Gill
I'm a little confused as to why you're talking about 'this guy' and 'they' when its pretty apparent from your 9 posts username, and the username of the youtube video poster, that its your video? I also noticed you claimed credit for the video on your own VSA thread here.
Nice one Steve.
Seek not to change the world; seek only to change your mind about the world
  • #22,658
  • Feb 9, 2012 9:46am Feb 9, 2012 9:46am
Quoting Steve Gill
I'm a little confused as to why you're talking about 'this guy' and 'they' when its pretty apparent from your 9 posts username, and the username of the youtube video poster, that its your video? I also noticed you claimed credit for the video on your own VSA thread here.
Thanks Steve.

This explains why I did NOT understand the video by "that guy".
  • #22,659
  • Feb 9, 2012 11:20am Feb 9, 2012 11:20am
Quoting upthrust
looking at the EU 1h, I'm seeing the HUGE volume coming in on the announcement from the ECB (similar volume we saw at the start of the rally from 1.2622) with a wide up bar closing in the middle. Seems to me to be the final 'buying climax' with the public rushing in on the good news? The strong shorts are just sitting there absorbing all this buying, perhaps?
Nice chart, that accumulation on the left should stick one to the doubters of VSA.
Seek not to change the world; seek only to change your mind about the world
  • #22,660
  • Feb 9, 2012 1:25pm Feb 9, 2012 1:25pm
Quoting gez40
Nice chart, that accumulation on the left should stick one to the doubters of VSA.
I am still not convinced... perhaps by page 3022 I will start to believe.
Today's zone = Tomorrow's opportunity!
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