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vsa with Malcolm

  • #23,301
  • Dec 5, 2012 8:52am Dec 5, 2012 8:52am
Quoting sweatx
I am a new guy here. I am trying to decipher VSA and I am having a heck of a time figuring it out. Been reading on other sites and PDF's as well, but it still isn't clear. The concept of Accumulation, markup, distribution and markdown seems easy enough, but when you get into the in-betweens of it, it gets more difficult. I hope this site helps. I read some of Tom Williams material, but about all I could get out of it was them trying to sell Trade Guider software. I'll go over it again, maybe there was something I was missing. The software would...
Have a look at this video I posted many moons ago, it`s Tom talking about the 6 principles that shift the market, I think this would be a good place to start.

Still one of my favourites. http://www.tradeguider.com/customer/..._intro/2a.aspx
Seek not to change the world; seek only to change your mind about the world
  • #23,302
  • Dec 5, 2012 10:41am Dec 5, 2012 10:41am
Quoting gez40
Have a look at this video I posted many moons ago, it`s Tom talking about the 6 principles that shift the market, I think this would be a good place to start.

Still one of my favourites. http://www.tradeguider.com/customer/..._intro/2a.aspx
Thanks for link, but when I get to the videos, nothing shows up, no videos.
  • #23,303
  • Dec 5, 2012 10:50am Dec 5, 2012 10:50am
Quoting malcolmb14
following along on this one today as it is in tune wtih es

es is caught in channel 1108 to 1100. If 1109 / 1110 is taken out then this will be bullish and move into 1125.

so far looking for double top to form 79 on aj now

along side aj I watch a 10 min chart es . If that gives me a no demand at 1108 to 1109 I will hit aj on a sell

Attachment
The last candle looks like a possible no supply. Isn't a no supply a green candle.
  • #23,304
  • Dec 5, 2012 11:57am Dec 5, 2012 11:57am
Quoting sweatx
The last candle looks like a possible no supply. Isn't a no supply a green candle.
Colours can vary. A NS is a narrow spread down bar on low volume. A ND is a narrow spread up bar on low volume.
  • #23,305
  • Dec 5, 2012 12:34pm Dec 5, 2012 12:34pm
Quoting HiddenGap
Quater Finals Three: Gavin Holmes vs. Markus Heitkoetter tomorrow (12/6/12) @ 0900 EST.

I attended last time and it was fun to watch Gavin trade live. Since it is a competition, Gavin did have to break a few of his rules. That's the problem with such an event- you have to make trades. Whereas in the real world the market rewards patience. Anyway, the link is below to sign up.

http://www.infinitywebinars.com/LTC/quarterfinals3.htm
Did anyone attend this? I missed it. I was having internet connection issues.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,306
  • Dec 5, 2012 12:36pm Dec 5, 2012 12:36pm
Quoting HiddenGap
Did anyone attend this? I missed it. I was having internet connection issues.
Not me pal.
  • #23,307
  • Dec 5, 2012 12:43pm Dec 5, 2012 12:43pm
Quoting HiddenGap
...We have seen a Buying climax followed by an Up Thrust (In The Form Of No Demand (ITFOND)) and we have seen a No Demand. This completes a sequence. However, the this is not the time to enter. We want to see price fall below the TBL and for the chart mode to change to down.

Now, since most don't have the TBL or Chart mode, what you want to wait for is price to fall down below the trigger number and them move back up towards in with No Demand. A nice squat would be okay to if you are more advanced.
Well, it took awhile to develop but it finally did.

The set-up was done using only the 12 min for the trade. However, I have added the 3 min chart to show where the "trading" chart entry would be.
Attached Image (click to enlarge)
Click to Enlarge Name: ex 9.jpg Size: 176 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,308
  • Dec 5, 2012 12:44pm Dec 5, 2012 12:44pm
Quoting Intel
Colours can vary. A NS is a narrow spread down bar on low volume. A ND is a narrow spread up bar on low volume.
Interesting. First of all, is it O.K. to ask simple questions, like mine, and if so then this is my next observation and question. It appears then if color doesn't matter on No demand and No supply, then you are comparing candles to bar charts pertaining to VSA analysis. I noticed on a similar site that a green candle with lower volume than the previous two and the next candle a bearish candle closing below the low, I believe was considered a no supply while a no demand was a red candle or bearish candle with the next candle a green or bullish candle and a close above or below the red candle a no demand. Not sure on the closes, I think they were suppose to be below the close of the previous candle, but not sure, I would have to look again. Thanks, still learning.
  • #23,309
  • Dec 5, 2012 12:46pm Dec 5, 2012 12:46pm
Quoting HiddenGap
Well, it took awhile to develop but it finally did.

The set-up was done using only the 12 min for the trade. However, I have added the 3 min chart to show where the "trading" chart entry would be.
Nice trade mate. Never in doubt!!!
  • #23,310
  • Dec 5, 2012 12:50pm Dec 5, 2012 12:50pm
Quoting gez40
Have a look at this video I posted many moons ago, it`s Tom talking about the 6 principles that shift the market, I think this would be a good place to start.

Still one of my favourites. http://www.tradeguider.com/customer/..._intro/2a.aspx
Great link. I am a big fan of these videos too.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,311
  • Dec 5, 2012 1:30pm Dec 5, 2012 1:30pm
Quoting HiddenGap
Hello and welcome to the club.

First, please re-read the post by Intel that came before mine. My post was to show an example of #6.

Second, I have attached a new post of the same time frame with better information that should be discussed.

You are correct when you say that both intervals in question appear to be Climatic Action. If you look at the individual intervals in isolation, you can conclude that we have wide spread bars on ultra high volume closing off the high or low respectively. In fact, the down bar has more volume and closes further...
Thank you for such clear and elaborated posts HG.
  • #23,312
  • Dec 5, 2012 5:15pm Dec 5, 2012 5:15pm
Quoting sweatx
Interesting. First of all, is it O.K. to ask simple questions, like mine, and if so then this is my next observation and question. It appears then if color doesn't matter on No demand and No supply, then you are comparing candles to bar charts pertaining to VSA analysis. I noticed on a similar site that a green candle with lower volume than the previous two and the next candle a bearish candle closing below the low, I believe was considered a no supply while a no demand was a red candle or bearish candle with the next candle a green or bullish candle...
Ask away, it's how we all learn. Someone here will help.

Forget the colours. You can change the colours of your bars/candles to whatever colour you like. Your up bars might very well be a different colour to mine. As long as you know if it's an up bar or a down bar......thats all that counts.

Check out HGs charts, his up bars are blue, whilst lx384(on the previous page) has his/her up bars black. It's just their choice.
  • #23,313
  • Edited 7:12pm Dec 5, 2012 6:52pm | Edited 7:12pm
Quoting sweatx
Interesting. ... I noticed on a similar site that a green candle with lower volume than the previous two and the next candle a bearish candle closing below the low, I believe was considered a no supply while a no demand was a red candle or bearish candle with the next candle a green or bullish candle and a close above or below the red candle a no demand. Not sure on the closes, I think they were suppose to be below the close of the previous candle, but not sure, I would have to look again. Thanks, still learning.
Hello and welcome.

I don't want to beat a dead horse but here are few things for you to consider:

1. First, go to VolumeSpreadAnalysis.com and download a free copy of Master the Markets by Tom Williams.

2. As you are new, focus on the basics.

The basic principle in VSA are:

When weakness appears it appears on an UP bar. Where an UP bar is defined as a bar that closes higher than the previous bar's close.

When strength appears it appears on a DOWN bar. Where a DOWN bar is defined as a bar that closes lower than the previous bar's close.

VSA does not care about the open of the interval because nothing has yet happend.

Traditional candlesticks are green when the close of the interval is higher than the open of the interval, and red when the close of the interval is lower than the open of the interval. This color scheme has nothing to do with the previous close.

The site you were looking at may have been using a non-traditional color scheme. I don't know. But you as a VSA trained trader should first be focusing on whether the current candle closes higher or lower than the previous candle before you look at the color of the candle itself.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,314
  • Dec 5, 2012 11:49pm Dec 5, 2012 11:49pm
Quoting Intel
Ask away, it's how we all learn. Someone here will help.

Forget the colours. You can change the colours of your bars/candles to whatever colour you like. Your up bars might very well be a different colour to mine. As long as you know if it's an up bar or a down bar......thats all that counts.

Check out HGs charts, his up bars are blue, whilst lx384(on the previous page) has his/her up bars black. It's just their choice.
welcomeback man
  • #23,315
  • Dec 6, 2012 3:04am Dec 6, 2012 3:04am
Quoting boyce
welcomeback man
Thanks however, I won't be spending as much time here as I used to.
  • #23,316
  • Dec 6, 2012 3:04am Dec 6, 2012 3:04am
Quoting HiddenGap
Hello and welcome.

I don't want to beat a dead horse but here are few things for you to consider:

1. First, go to VolumeSpreadAnalysis.com and download a free copy of Master the Markets by Tom Williams.

2. As you are new, focus on the basics.

The basic principle in VSA are:

When weakness appears it appears on an UP bar. Where an UP bar is defined as a bar that closes higher than the previous bar's close.

When strength appears it appears on a DOWN bar. Where a DOWN bar is defined as a bar that...
Cheers pal. Stuff I should have said myself!
  • #23,317
  • Dec 6, 2012 7:32am Dec 6, 2012 7:32am
Thanks for info. Well, I have studied a lot on VSA, but I haven't put all the pieces together yet. Some confusion comes from not having enough information, like upbars and downbars and weakness. I know that on an upthrust at the beginning of distribution that would indicate weakness. And the next bar or candle should be a downbar or candle to confirm it is weakness. But I did not know that was meant for all bars. And when you say a bar is down and your showing a candle usually a bar is associated with a bar on a bar chart. A candlestick has a shadow. I never thought of the shadow as being referred to as a bar. Up or down. I didn't get much from Tom Williams web site the first time as Tom Williams and Gavin Holmes were trying to sell Trade Guider software and the material was directed toward the software not how to interpret or read VSA on a chart. I think the book (Master the Markets) is free to download. Not sure. I downloaded something from his site but not sure if it was master the markets or not. I'll give it another try. Thanks for the clarity on the bars and candles.
  • #23,318
  • Dec 6, 2012 7:45am Dec 6, 2012 7:45am
I don't mean to beat a dead horse in the mouth, but his book is not free. I just went there and it is 9.95. Cheap for an Ebook, but is there a free copy available to download. And to access his other information you have to be a customer. Is this book gonna explain VSA or how to use his software. If it's gonna explain VSA and to to interpret VSA without Trade Guider software then I can see where it would be of a benefit, but if it just explains how to use his software, I don't see the benefit. Thanks again!
  • #23,319
  • Dec 6, 2012 9:01am Dec 6, 2012 9:01am
Quoting sweatx
I don't mean to beat a dead horse in the mouth, but his book is not free. I just went there and it is 9.95. Cheap for an Ebook, but is there a free copy available to download. And to access his other information you have to be a customer. Is this book gonna explain VSA or how to use his software. If it's gonna explain VSA and to to interpret VSA without Trade Guider software then I can see where it would be of a benefit, but if it just explains how to use his software, I don't see the benefit. Thanks again!
You can find his book among many other valuable pdfs etc in the attachments to this thread. Read this thread from start to finish........yes that will take you ages but, there is no short cut here. Read MTM MANY times over the next couple of months. You will soon have no problems undestanding bars and candles.

If you're new to the trading arena, a couple of days spent at Babypips will be time well spent. Check out their school of pipsology.

Ask as many questions as you like. There are no stupid questions.
  • #23,320
  • Edited 9:31am Dec 6, 2012 9:29am | Edited 9:31am
A lot of volume coming in on the EurUsd, time to look for a quick stab at a long with a tight sl.
Also keep a eye on 15 min audusd, if we break the daily highs look out!
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