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vsa with Malcolm

  • #23,021
  • Oct 8, 2012 10:03am Oct 8, 2012 10:03am
Bounce ? Not so Much ...

On the Other hand , looks like EU is in trouble ...Opened a SHORT , might get a NO buying Pressure bar ..
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  • #23,022
  • Oct 8, 2012 6:18pm Oct 8, 2012 6:18pm
It would not surprise me to retest the post FOMC lows and highs in certain currency shortly, in specific the CAD and USDSGD look prime to retest those levels and I am short both.
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  • #23,023
  • Oct 8, 2012 11:38pm Oct 8, 2012 11:38pm
Quoting taomql4
Bounce ? Not so Much ...

On the Other hand , looks like EU is in trouble ...Opened a SHORT , might get a NO buying Pressure bar ..
Quoting Sonofsin5
It would not surprise me to retest the post FOMC lows and highs in certain currency shortly, in specific the CAD and USDSGD look prime to retest those levels and I am short both.
Interesting Sono is bearish on DX and Tao bearish on EU.

4h EU, may have some stopping volume today.
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  • #23,024
  • Oct 9, 2012 12:16am Oct 9, 2012 12:16am
Quoting SimpleDev
Interesting Sono is bearish on DX and Tao bearish on EU.

4h EU, may have some stopping volume today.

I'm waiting for the Buy Orders to Tap Out ..I think GU might fall faster ..


Nite ..
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  • #23,025
  • Oct 9, 2012 11:53am Oct 9, 2012 11:53am
Update ..
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  • #23,026
  • Oct 9, 2012 11:54am Oct 9, 2012 11:54am
Am over exposed , so no more trades ..
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  • #23,027
  • Oct 9, 2012 3:14pm Oct 9, 2012 3:14pm
Quoting taomql4
Am over exposed , so no more trades ..
Very nice. Thank you for the last few posts. Your time and effort is appreciated.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,028
  • Oct 9, 2012 10:12pm Oct 9, 2012 10:12pm
Quoting taomql4
Update ..
Nice call!
  • #23,029
  • Oct 10, 2012 1:24pm Oct 10, 2012 1:24pm
Quoting HiddenGap
Very nice. Thank you for the last few posts. Your time and effort is appreciated.
You 're welcome , sir ...
  • #23,030
  • Oct 10, 2012 1:27pm Oct 10, 2012 1:27pm
Quoting SimpleDev
Nice call!
Thanks -

I 'm looking to Open another SHORT . Just waiting on BUY orders to run out..
We could very well see the bottom of demand zone ..

Edit :

Opened Short - Looks like it's struggling to get over supply..I'll let it sit regardless - One of the supply zones will eventually do the Job..
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  • #23,031
  • Oct 11, 2012 8:45am Oct 11, 2012 8:45am
Wyckoff and VSA as good as it gets.

This morning set up really nice. A couple of horizontal lines in place and then the hard part, waiting for the bars to complete. It was like reading a book. I was in when price jumped the creek for the second time. A good VSA entry, confirmed test in rising market (super strength in background) gave an easy +30 later on.
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  • #23,032
  • Oct 11, 2012 11:36am Oct 11, 2012 11:36am
Quoting Aspire
Wyckoff and VSA as good as it gets.

This morning set up really nice. A couple of horizontal lines in place and then the hard part, waiting for the bars to complete. It was like reading a book. I was in when price jumped the creek for the second time. A good VSA entry, confirmed test in rising market (super strength in background) gave an easy +30 later on.
Thanks for the post. Please keep 'em coming.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,033
  • Oct 12, 2012 9:37am Oct 12, 2012 9:37am
This is what I see:

Climax followed by bullish reaction, I'd look for LONGS.

Resistance at 1.29734 is broken, I'd look for LONGS.

Why did u took those two SELL orders ?



Attached Image
  • #23,034
  • Oct 12, 2012 12:20pm Oct 12, 2012 12:20pm
Quoting gigitranza
This is what I see:

Climax followed by bullish reaction, I'd look for LONGS.

Resistance at 1.29734 is broken, I'd look for LONGS.

Why did u took those two SELL orders ?....
Although this question was not directed at me, I would like to put in my 2 pips.

Ultimately, this comes down to a "what you want to see, where you want to see it".

What you are seeing, is happening directly into an area where it has already been determined to be a Supply Zone. So you are looking to buy in an area that is dominated by sellers. Of course price could shoot thru the supply zone with ease, and certainly does time after time. Supply/Demand zones like support/resistance, can't always hold. However, the trade with more edge would be to trade in the direction of the zone. That is to say, to take longs only out of demand zones and shorts only out of supply zones.

P.S. Welcome to the family. I hope to see many posts of your thoughts and questions.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,035
  • Oct 12, 2012 12:55pm Oct 12, 2012 12:55pm
hi, i was looking at you chart, i saw a very low volume on the market top...a clear sign of weakness.
could you explain why you saw strenght?



Quoting Aspire
Wyckoff and VSA as good as it gets.

This morning set up really nice. A couple of horizontal lines in place and then the hard part, waiting for the bars to complete. It was like reading a book. I was in when price jumped the creek for the second time. A good VSA entry, confirmed test in rising market (super strength in background) gave an easy +30 later on.
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  • #23,036
  • Oct 13, 2012 5:18am Oct 13, 2012 5:18am
Thank you HG for excellent analysis.I am first time visitor to this forum keenly following VSA.




Quote
There is a lot going on here. Let's take a closer look and see if we can figure out what is going on.
  • #23,037
  • Oct 13, 2012 7:29am Oct 13, 2012 7:29am
Quoting HiddenGap
Although this question was not directed at me, I would like to put in my 2 pips.

Ultimately, this comes down to a "what you want to see, where you want to see it".

What you are seeing, is happening directly into an area where it has already been determined to be a Supply Zone. So you are looking to buy in an area that is dominated by sellers. Of course price could shoot thru the supply zone with ease, and certainly does time after time. Supply/Demand zones like support/resistance,...
Hg, can you recommend some books or YouTube on supply and demand? I remember someone mentioning very famous guy regarding the subject... Can't seem to remember his name.
  • #23,038
  • Oct 13, 2012 11:34am Oct 13, 2012 11:34am
Quoting pkimnyc
Hg, can you recommend some books or YouTube on supply and demand? I remember someone mentioning very famous guy regarding the subject... Can't seem to remember his name.
His name is Sam Seiden. Google him. He has lots of free webinars on fxstreet you might want to check out.

There are a couple of great threads here on FF as well. Check out Romancing the Price and Price is Everything.

PA by Julexo is good but it's short on information. Also check out Trading Price I and II by PhAnTi.

Last but certainly not least, you could check out acegazette.com. Many of the traders there are from the PIE and RTP threads.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,039
  • Oct 13, 2012 1:28pm Oct 13, 2012 1:28pm
I attended the TradeGuider webinar this morning. Some good stuff. Ken showed his long Euro trade from Friday. I just wanted to post a picture of my chart from Friday.

Although my entry is earlier than Ken's, that is not the point. The point has much more to do with what Steve said. He basically echoed everything I have said about seeing what you want to see, where you want to see it.

Take a look at the chart below.

Notice that double arrow. See how price is making a lower low but on volume that is not only less than the previous two intervals but also less than the previous 20 intervals (hence the color grey). We know price is in a Supply/Demand Zone that was created via buying aggression. Since it was created by buyers, it is a Demand zone. Hence we only want to look for longs.

But before we think about getting long, let's just think about what we see. As price makes a lower low, the activity (volume) is decreasing. The Smart Money is not interested in lower prices.

Take a look at the interval marked "Effort to Fall". We see lots of selling aggression (Effort) on this interval. We also see result. Lets break the interval down a bit. We see a wide spread on increasing volume that is greater than average but not excessive. Now compare that with the aforementioned interval.
That previous interval does not have a wide spread and the volume is decreasing. From that we can easily conclude that the sellers are not as enthusiastic on this interval as opposed to the Effort to Fall interval. If the BBs are not very enthusiastic, or interested, in lower prices, it must mean they expect prices to go the other way. That is, to rise.

If price is in a Demand Zone (I don't care how you determine it), and it is going to hold, you should see decreasing volume (activity) on down bars and increasing volume (activity) on up bars. And, or, you should see very high to ultra high volume (activity) on down bars that close off the low with the next interval up. Take note of the Selling Climax and the Squat.

Speaking of the Squat, notice that the volume on this interval is actually higher than on the Effort to Fall interval. Yet, the range of the squat interval is about half the range of the Effort to Fall. Something is capping the movement on the squat interval-demand.

Whilst I obviously have my preference, it does not matter what you use to get your "where". You can use Trigger Numbers, Market Profile, Fibonacci, Supply/Demand Zones, Floor Pivots, Round Numbers or anything else you can think of. What matters is that you spend the time to come up with a "where" and personally believe in the "why" of that "where".
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,040
  • Oct 13, 2012 1:53pm Oct 13, 2012 1:53pm
Quoting HiddenGap
His name is Sam Seiden. Google him. He has lots of free webinars on fxstreet you might want to check out.

There are a couple of great threads here on FF as well. Check out Romancing the Price and Price is Everything.

PA by Julexo is good but it's short on information. Also check out Trading Price I and II by PhAnTi.

Last but certainly not least, you could check out acegazette.com. Many of the traders there are from the PIE and RTP threads.
thank you.
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