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vsa with Malcolm

  • #23,041
  • Oct 13, 2012 1:56pm Oct 13, 2012 1:56pm
I don't like to focus on a bunch of time frames, but this 240 chart has been very nice of late.

There was a nice opportunity to get long in the last few days.

The last interval from Friday was a narrow range up bar on volume less than the previous two intervals. This is No Demand.

Whilst this is No Demand, that does not mean one should just go short. One needs to look at the background first. The background is strong. It is very likely that we will now see a Test. A Test wold be a down bar closing near the high on volume less than the previous two intervals. Ideally, we would like price to fall back on/into the new Supply/Demand Zone and then have the Test appear.

It would not be surpising to see prices fall at the outset on Sunday night and recover to close on or near the high by Monday's close.

What are those of you who actually trade this time frame looking for?
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,042
  • Oct 13, 2012 2:01pm Oct 13, 2012 2:01pm
Quoting HiddenGap
I don't like to focus on a bunch of time frames, but this 240 chart has been very nice of late.

There was a nice opportunity to get long in the last few days.

The last interval from Friday was a narrow range up bar on volume less than the previous two intervals. This is No Demand.

Whilst this is No Demand, that does not mean one should just go short. One needs to look at the background first. The background is strong. It is very likely that we will now see a Test. A Test wold be a down bar closing near the high on volume less than the...
imo, doesn't really matter at this point. looks to me the bastards already achieved their goal on friday right towards lc, taking out all the breakout traders at london. fresh new week, need to see what they are up to, i think. if i have to guess then shorts are much more favorable at this stage. nice double top in place on friday.
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  • #23,043
  • Oct 13, 2012 2:38pm Oct 13, 2012 2:38pm
Quoting pkimnyc
imo, doesn't really matter at this point. looks to me the bastards already achieved their goal on friday right towards lc, taking out all the breakout traders at london. fresh new week, need to see what they are up to, i think. if i have to guess then shorts are much more favorable at this stage. nice double top in place on friday.
Hey PK!!!

Nice to see you adding to your traders toolkit and having another perspective on market.

From my studies with supply and demand zones and even as applied to VSA, when working with the shorter time frames, it can make things a little easier to keep the bigger picture in mind.

HG has posted some H4 charts, awesome stuff, but if you are tripping off the shorter time frame and working off of a limited time schedule, working the fast frames can offer some opportunities, while not having to wait for an H4 market to be tested.

In the chart I am posting, it shows the Hourly Candles superimposed on the M5 chart. This shows clearly where our support and resistance are by how the hourly closes are treated in relation to price on the fast charts.

Just thought I would throw down an idea for ya, and say, "Howdy fella, LTNS".



A while back, I think Arch posted this link for Sam Seiden <- (click here). Not a terrible place to get started in working with some of this stuff.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,044
  • Oct 13, 2012 2:47pm Oct 13, 2012 2:47pm
Quoting Magix
Hey PK!!!

Nice to see you adding to your traders toolkit and having another perspective on market.

From my studies with supply and demand zones and even as applied to VSA, when working with the shorter time frames, it can make things a little easier to keep the bigger picture in mind.

HG has posted some H4 charts, awesome stuff, but if you are tripping off the shorter time frame and working off of a limited time schedule, working the fast frames can offer some opportunities, while not having to wait for an H4 market to be tested.

In...
Ah thanks bro. It's been awhile. Hope thing are well with you? Much appreciate for the link and info.
  • #23,045
  • Oct 13, 2012 2:49pm Oct 13, 2012 2:49pm
One more chart with the varied support ranges.

The crosshairs indicate the major break zone that I would like to see tested.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,046
  • Oct 13, 2012 2:51pm Oct 13, 2012 2:51pm
Quoting pkimnyc
Ah thanks bro. It's been awhile. Hope thing are well with you? Much appreciate for the link and info.
Other recommended reading that Hidden Gap might have been a little modest on posting, is his entire post history.

Go through that dudes charts, he is the MAN!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,047
  • Oct 13, 2012 2:57pm Oct 13, 2012 2:57pm
Quoting Magix
Other recommended reading that Hidden Gap might have been a little modest on posting, is his entire post history.

Go through that dudes charts, he is the MAN!!
Got it brother. Much appreciate for the help.
  • #23,048
  • Oct 13, 2012 3:21pm Oct 13, 2012 3:21pm
Quoting HiddenGap
I don't like to focus on a bunch of time frames, but this 240 chart has been very nice of late.



What are those of you who actually trade this time frame looking for?
Outside of the 240, I am looking for the daily HG, HG...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,049
  • Oct 13, 2012 3:31pm Oct 13, 2012 3:31pm
Quoting Magix
Outside of the 240, I am looking for the daily HG, HG...
been looking at that level for decades, feels like.
  • #23,050
  • Oct 13, 2012 3:42pm Oct 13, 2012 3:42pm
Quoting pkimnyc
been looking at that level for decades, feels like.
Color me the Forever EUROBEAR, but I still have a couple reasons for just really not wanting to be long and hold for any length of time.

Check out the daily chart with the weekly superimposed overtop. See where resistance is?

1. We have only recovered a very lengthy time on a Retail Market GAP.
2. Above the current was a supported zone.
3. Below is now the sellers market.
4. Summer session boasted the yearly lows...does big money not want a chance to buy at the summer discounted prices?

I still trip the M1 chart, but nice to have an idea of "If", "Then".
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,051
  • Oct 13, 2012 3:52pm Oct 13, 2012 3:52pm
Quoting Magix
Color me the Forever EUROBEAR, but I still have a couple reasons for just really not wanting to be long and hold for any length of time.

Check out the daily chart with the weekly superimposed overtop. See where resistance is?

1. We have only recovered a very lengthy time on a Retail Market GAP.
2. Above the current was a supported zone.
3. Below is now the sellers market.
4. Summer session boasted the yearly lows...does big money not want a chance to buy at the summer discounted prices?

I still trip the M1 chart, but nice to have...
yep, pretty much in the same page. the levels, some thick clusters there. however, the weekly momentum is still pointing to the upside while daily is down. whichever gives in should be the overall direction of the move, i think. still a big fight left to be seen, imo.
  • #23,052
  • Oct 13, 2012 3:54pm Oct 13, 2012 3:54pm
Quoting Magix
Outside of the 240, I am looking for the daily HG, HG...
Yep.

I see that as the last market structure. It was created by buying aggression (Effort to Rise) and had follow through.

The last interval (Friday) is a narrow range up bar closing in the middle on increasing volume. This is a Squat. I would be looking for a Test on Sunday/Monday. A down interval in decreasing volume would be pretty bullish also.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,053
  • Oct 13, 2012 3:55pm Oct 13, 2012 3:55pm
Quoting pkimnyc
yep, pretty much in the same page. the levels, some thick clusters there. however, the weekly momentum is still pointing to the upside while daily is down. whichever gives in should be the overall direction of the move, i think. still a big fight left to be seen, imo.
A little non-VSA related here, but check out the Fib scale for the last 52 weeks...

(sorry VSA guys)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,054
  • Oct 13, 2012 3:58pm Oct 13, 2012 3:58pm
Quoting HiddenGap
Yep.

I see that as the last market structure. It was created by buying aggression (Effort to Rise) and had follow through.

The last interval (Friday) is a narrow range up bar closing in the middle on increasing volume. This is a Squat. I would be looking for a Test on Sunday/Monday. A down interval in decreasing volume would be pretty bullish also.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,055
  • Oct 13, 2012 4:00pm Oct 13, 2012 4:00pm
Quoting Magix
A little non-VSA related here, but check out the Fib scale for the last 52 weeks...

(sorry VSA guys)
yep, 50 pointer right there as well along with the famous ma. have all the reasons why that to be an important level.
  • #23,056
  • Oct 13, 2012 4:02pm Oct 13, 2012 4:02pm
Quoting Magix
Hey PK!!!


A while back, I think Arch posted this link for Sam Seiden <- (click here). Not a terrible place to get started in working with some of this stuff.
Hi PK,

I want to add a file with Sam Seiden's articles. I think it was Emene who collected the links.

I think the S&D threads HG mentioned are a better source of knowledge. Sam Seiden offers free stuff but in the end he teaches the most in his lessons you have to pay for.

Furthermore I want to quote one of the good S&d traders: "...Every idiot with a box of crayons and missing a chromosome or two can identify and draw a box..."

That means s&d is not enough. You need more tools. It can be vsa or market structure and price dynamics, orderflow, fibs, trendlins...what ever you prefer. RM and MM is also important.

cheers
Attached File(s)
File Type: xls OTA ARTICLES.xls   289 KB | 953 downloads
  • #23,057
  • Oct 13, 2012 4:05pm Oct 13, 2012 4:05pm
Quoting MCFly
Hi PK,

I want to add a file with Sam Seiden's articles. I think it was Emene who collected the links.

I think the S&D threads HG mentioned are a better source of knowledge. Sam Seiden offers free stuff but in the end he teaches the most in his lessons you have to pay for.

Furthermore I want to quote one of the good S&d traders: "...Every idiot with a box of crayons and missing a chromosome or two can identify and draw a box..."

That means s&d is not enough. You need more...
thanks, i'm pretty much set with other components. vsa, and s&d still need room for improvement, i feel.

i would have smell that bs drop on thursday.
  • #23,058
  • Oct 13, 2012 4:58pm Oct 13, 2012 4:58pm
Quoting pkimnyc
thanks, i'm pretty much set with other components. vsa, and s&d still need room for improvement, i feel.
it's me again :-)

What I like about the RTP and PIE thread and the acegazetta community is that there are so much more things than pure s&d. Even if you are a well educated trader there are new things to learn. I hope I don't sound like a salesman but you asked for s&d recommendations and there are alot nice and free informations out there.

have a nice week end
  • #23,059
  • Oct 13, 2012 5:01pm Oct 13, 2012 5:01pm
Quoting MCFly
it's me again :-)

What I like about the RTP and PIE thread and the acegazetta community is that there are so much more things than pure s&d. Even if you are a well educated trader there are new things to learn. I hope I don't sound like a salesman but you asked for s&d recommendations and there are alot nice and free informations out there.

have a nice week end
thank you. i'm sure they are all nice things to learn about, but i can only work few things at a time. i will keep this in mind though. much appreciate for the info.
  • #23,060
  • Oct 13, 2012 5:07pm Oct 13, 2012 5:07pm
Quoting MCFly
Hi PK,

I want to add a file with Sam Seiden's articles. I think it was Emene who collected the links.

I think the S&D threads HG mentioned are a better source of knowledge. Sam Seiden offers free stuff but in the end he teaches the most in his lessons you have to pay for.

Furthermore I want to quote one of the good S&d traders: "...Every idiot with a box of crayons and missing a chromosome or two can identify and draw a box..."

That means s&d is not enough. You need more...
Gotta agree with you, the XLS attached is a FANTASTIC resource. There is a lot of market lull, times when you are not sure when to be in a trade and this will give you something to do, instead of tripping over head fakes.

I have gone through this list several times, really, not sure why I didn't bother to repost or link to the appropriate thread, but good on you for taking this step.

Vouched!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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