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vsa with Malcolm

  • #22,761
  • Feb 20, 2012 6:57pm Feb 20, 2012 6:57pm
wow, eur is on the move
Be greedy when others are fearful, and fearful when others are greedy.
  • #22,762
  • Feb 20, 2012 7:27pm Feb 20, 2012 7:27pm
Quoting upthrust
wow, eur is on the move
Little bit of the father of VSA for you.
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  • #22,763
  • Feb 20, 2012 7:31pm Feb 20, 2012 7:31pm
Quoting ady_babe
Little bit of the father of VSA for you.
lovely. you have resistance at 3340 ish?

"yay! we did it!"
Attached Image
Be greedy when others are fearful, and fearful when others are greedy.
  • #22,764
  • Feb 20, 2012 7:38pm Feb 20, 2012 7:38pm
Quoting upthrust
lovely. you have resistance at 3340 ish?

"yay! we did it!"
Ha good Pic...
I have a Creek (resistance) 3291ish and 3325ish
  • #22,765
  • Feb 20, 2012 9:42pm Feb 20, 2012 9:42pm
Quoting upthrust
lovely. you have resistance at 3340 ish?

"yay! we did it!"
what about selling on EUR/USD right now? as there is an upthrust which indicates hidden seller in the background
  • #22,766
  • Feb 20, 2012 10:13pm Feb 20, 2012 10:13pm
Quoting mc_kunc
what about selling on EUR/USD right now? as there is an upthrust which indicates hidden seller in the background
-One rule says that upthrusts don't work in uptrends and springs don't work in downtrends.
-Another says the trend is up in an Intraday sense so go with trend.
-And one more says there is strength in the Background (look at the ease of movement- Big markups and for the most part retaining its gains right at resistance).

So for me I will want to see some serious supply coming into the market before I budge on being a Bull.

Of course I could be wrong and you trade your own hand, I also reserve the right to get out at a moments whim and change direction! HA
  • #22,767
  • Feb 21, 2012 1:05am Feb 21, 2012 1:05am
Quoting joaoborras
Hi Sonofsin!
The methodology comes from Wyckoff. It is much of what "little" guys like Livermore used to trade as well, in the 1920's....
Then, Tom Williams put it all together in an orderly fashion with indicators and, of course, automated it with the TradeGuider software. VSA is born! :-)
Then comes Gavin, that is the CEO of TradeGuider and a VSA expert/practitioner.

I think that is the thing in my simple understanding.

Cheers!
Sono was being sarcastic Joao
  • #22,768
  • Feb 21, 2012 1:43am Feb 21, 2012 1:43am
Any Wyckoff reading material floating around?
Seek not to change the world; seek only to change your mind about the world
  • #22,769
  • Feb 21, 2012 2:02am Feb 21, 2012 2:02am
Quoting Sonofsin5
I thought Gavin invented VSA? hmm what the hell.


  • #22,770
  • Feb 21, 2012 2:15am Feb 21, 2012 2:15am
Quoting gez40
Any Wyckoff reading material floating around?


http://www.informedtrades.com/blogs/stockjock/
  • #22,771
  • Feb 21, 2012 2:29am Feb 21, 2012 2:29am
Quoting juhanimi
http://www.informedtrades.com/blogs/stockjock/
Thank you.
Seek not to change the world; seek only to change your mind about the world
  • #22,772
  • Feb 21, 2012 2:43am Feb 21, 2012 2:43am
lol Gavin, I bet Gavin is lurking here pretty often

Probably he's one of regular poster too lol, look at someone who occasionally praise tradeguider, it could probably be him
  • #22,773
  • Edited 1:42pm Feb 21, 2012 3:44am | Edited 1:42pm
Quoting gez40
Any Wyckoff reading material floating around?
Google anything from:
Richard D Wyckoff
Gary Fullet
David Weis
Rollotape
Edwin Lefèvre
Jesse Livermore
Todd Krueger
Hank Pruden
Stock Market Institute
Rollotape
Tom Williams
Gavin Holmes

There is a lot.
This is pretty important to understand. http://www.hankpruden.com/MTWyckoffSchematics.pdf

http://www.traderslaboratory.com/forums/wyckoff-forum/
excellent place to start
  • #22,774
  • Feb 22, 2012 10:49am Feb 22, 2012 10:49am
In situations like this where you have a springboard forming we have to look to the left of the chart, and what we see is strength. So what we know is we have strength and now we have a consolidation period- it is hard to say if this is accumulation or distribution... we have to wait for a sign from the market.

I like to think of this as a springboard and look for several factors for price action leaving the range. I am looking for inc volume, inc spread and price to give an indication with a spring- hence springboard.

I may be looking for this but that does not mean this is what I will get, which I am very mindful of.

Judge the market by its own action- so patience is key.

Shown is 2hr chart EU springboard

This thread is pretty quiet!
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  • #22,775
  • Feb 23, 2012 7:10am Feb 23, 2012 7:10am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
Quoting ady_babe
In situations like this where you have a springboard forming we have to look to the left of the chart, and what we see is strength. So what we know is we have strength and now we have a consolidation period- it is hard to say if this is accumulation or distribution... we have to wait for a sign from the market.

I like to think of this as a springboard and look for several factors for price action leaving the range. I am looking for inc volume, inc spread and price to give an indication with a spring- hence springboard.

I may be looking for...
good attitude...
  • #22,776
  • Feb 23, 2012 7:35am Feb 23, 2012 7:35am
Quoting s7c
good attitude...

Hey Sorin Nice to see you- hope your well.

Time this thread had some new life me thinks...

Think Ill try a post a day- even though I'm a Wyckoff trader not strictly VSA as by Williams.
  • #22,777
  • Feb 23, 2012 8:23am Feb 23, 2012 8:23am
A few more areas of resistant to take out and we'll have a rocket.
  • #22,778
  • Feb 23, 2012 8:30am Feb 23, 2012 8:30am
Quoting Sonofsin5
A few more areas of resistant to take out and we'll have a rocket.
whats the reasoning behind this?
Be greedy when others are fearful, and fearful when others are greedy.
  • #22,779
  • Feb 23, 2012 8:45am Feb 23, 2012 8:45am
Quoting upthrust
whats the reasoning behind this?
I was walking through the woods and Gavin was fighting a beaver by a pond
I stopped and asked him what he was doing and he told me that "professional money just sent you a telegram, buy the euro!"
I returned to my desk and bought the euro.
  • #22,780
  • Feb 23, 2012 8:48am Feb 23, 2012 8:48am
Quoting Sonofsin5
I was walking through the woods and Gavin was fighting a beaver by a pond
I stopped and asked him what he was doing and he told me that "professional money just sent you a telegram, buy the euro!"
I returned to my desk and bought the euro.
how did they send you a telegram? and why was gavin fighting a beaver!?
Be greedy when others are fearful, and fearful when others are greedy.
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