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vsa with Malcolm

  • #23,421
  • Dec 16, 2012 2:39am Dec 16, 2012 2:39am
We haven't had one of these in a while.

Your mission, should you choose to accept it, is to match the numbers with the bar discriptions. If you fell a better discription for the bar exists, you can use that. Exta credit: part I: define your entry (ies). Part II: match the extra definition to the correct bar.

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

A. Demand Swamping Supply B. Hidden Test C. Up Squat D. Reverse Up Thrust E. Supply Swamping Demand F. Test G. Down Squat H. Climatic Action I. Test J. No Demand K. Supply Coming In L. Hidden Test M. Test N. Pushing thru Supply
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,422
  • Dec 16, 2012 12:06pm Dec 16, 2012 12:06pm
Quoting HiddenGap
We haven't had one of these in a while.

Your mission, should you choose to accept it, is to match the numbers with the bar discriptions. If you fell a better discription for the bar exists, you can use that. Exta credit: part I: define your entry (ies). Part II: match the extra definition to the correct bar.

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.

A. Demand Swamping Supply B. Hidden Test C. Up Squat D. Reverse Up Thrust E. Supply Swamping Demand F. Test G. Down Squat H. Climatic Action I....
Should we PM the answers?
  • #23,423
  • Edited Dec 17, 2012 10:16am Dec 16, 2012 12:30pm | Edited Dec 17, 2012 10:16am
[quote=HiddenGap;6298102]We haven't had one of these in a while.

Your mission, should you choose to accept it, is to match the numbers with the bar discriptions. If you fell a better discription for the bar exists, you can use that. Exta credit: part I: define your entry (ies). Part II: match the extra definition to the correct bar.

Ahh just like being at sckool!
ok my entry would be long and entry on a test bar with low vol also lower than prev 2 bars and once directional change is confirmed (blue line) so it would be bar#9
1. D , i think its a shakeout
2. B
3.N
4.J but has a tail so not happy with this ,two bars before it is also a no demand and next is upthurst confirms weakness
5.A
6.H
7.E, i prefer push thru supply
8.M
9.M
10.K
11.J- but has a tail so i am not sure
12.I
  • #23,424
  • Dec 16, 2012 12:41pm Dec 16, 2012 12:41pm
Quoting Rolland
Should we PM the answers?
Guess I'll go this route
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  • #23,425
  • Edited 10:47pm Dec 16, 2012 7:44pm | Edited 10:47pm
Quoting HiddenGap
We haven't had one of these in a while.

Your mission, should you choose to accept it, is to match the numbers with the bar discriptions.
HAHA! Everyone loves a good forum game!

1. D. Reverse Up Thrust
2. A. Demand Swamping Supply
3. E. Supply Swamping Demand
4. B. Hidden Test
5. G. Down Squat
6. H. Climatic Action
7. K. Supply Coming In
8. I. Test
9. F. Test
10. C. Up Squat
11. L. Hidden Test
12. M. Test

*Edit*

#3 This bar is giving me a lot of trouble, I think I would dismiss this bar, techincally its an up bar closing in the middle which suggests supply, but how weak can this bar be? The next bar closes above the high of this bar.

Bar 8 seems like an aggressive entry, I am not an aggressive trader.. I would have taken 11, The biggest reason is that the trend has confirmed it self as up.

Extra credit #2, count 2 bars to the right of #9, pushing through supply, I fail on the no demand, nothing on this chart I would consider a true ND. I prefer the high of a NDs to be higher than the previous bars high and a close in the middle on low volume.
  • #23,426
  • Dec 17, 2012 2:39am Dec 17, 2012 2:39am
Quoting KinsaleForex
No Demand - Narrow spread, up bar (the close is higher than the close of the previous bar), volume less than the previous two bars, close in the middle or high. Personally speaking I don't worry too much about where the No Demand closes, so long as it's still an up bar with the other elements intact.

No Supply - Narrow spread, down bar (the close is lower than the close of the previous bar), volume less than the previous two bars, close in the middle.

The No Supply and the (Basic) Test are very similar, both have pretty much the...
It looks like your saying a no supply can close at the top as well as the bottom. If this is the case how can you tell the difference between a no supply and a no demand. Is it that the no supply is in an uptrend and the no demand in a downtrend. Can a no demand and a no supply be both in accumulation and distribution also. Thanks!
  • #23,427
  • Dec 17, 2012 4:54am Dec 17, 2012 4:54am
Quoting sweatx
It looks like your saying a no supply can close at the top as well as the bottom. If this is the case how can you tell the difference between a no supply and a no demand. Is it that the no supply is in an uptrend and the no demand in a downtrend. Can a no demand and a no supply be both in accumulation and distribution also. Thanks!
I said nothing about a no supply closing at the bottom. Neither of the two should close at the bottom. At least, while you're still learning you should look at it this way.

As I outlined in the first post the main different between the two is the close of the bar. Read my explanation again, I made it as clear as possible.

Valid no supply are in an up trend and valid no demands are in a down trend but you'll see examples of the types of bar i've explained dotted all over the charts. Again, go back and read my explanation, go look at the charts and see if you can identify what i'm saying.

Quoting KinsaleForex

No Demand - Narrow spread, up bar (the close is higher than the close of the previous bar), volume less than the previous two bars, close in the middle or high. Personally speaking I don't worry too much about where the No Demand closes, so long as it's still an up bar with the other elements intact.

No Supply - Narrow spread, down bar (the close is lower than the close of the previous bar), volume less than the previous two bars, close in the middle.

I'd ignore accumulation and distribution at the moment until you get some of the bar explanations down.

Have you read Master the Markets? It's all in there.
  • #23,428
  • Dec 17, 2012 5:16am Dec 17, 2012 5:16am
Quoting HiddenGap

Your mission, should you choose to accept it, is to match the numbers with the bar descriptions.
Hmm, 12 numbers, 14 letters! I left out. I. Test E. Supply Swamping Demand

I actually found this pretty tough, nice little exercise though!

1. D. Reverse Up Thrust
2. A. Demand Swamping Supply
3. K. Supply Coming In
4. L. Hidden Test
5. G. Down Squat
6. H. Climatic Action
7. N. Pushing thru Supply
8. M. Test
9. J. No Demand
10. C. Up Squat
11. B. Hidden Test
12. F. Test

Quoting SimpleDev

Extra credit #2, count 2 bars to the right of #9, pushing through supply, I fail on the no demand, nothing on this chart I would consider a true ND. I prefer the high of a NDs to be higher than the previous bars high and a close in the middle on low volume.
Great point about push through supply two bars right of 9, I was going to say it as well, but you got there first!

Also, the ND was a tricky one but I think I have the right bar.

Maybe ND was one of the trick ones!
  • #23,429
  • Dec 17, 2012 7:49am Dec 17, 2012 7:49am
Quoting KinsaleForex
Nearly got there!

Info annotated on chart.

Unfortunately I heard back from the programmer today and he's busy until Feb 2013 so can't look into helping me with the PnF/volume combination. Does anyone out there know how to code for Sierra Charts?
http://insanityindustries.net/viewtopic.php?f=3&t=376

point and figure with vol. have to pay for indi though. its ok.
  • #23,430
  • Dec 17, 2012 9:15am Dec 17, 2012 9:15am
I just love this post from Tom Williams in the vsa club forum. A thread on level 2 feeds.

"Footnote from Tom Williams:-

There is no point in trying to be too clever in analysing the stock market because you never get to know the truth anyway. And these so-called professional feeds - we don't need that level. We specialise in reading the balance of supply and demand as seen on the chart which you will master given various amounts of time. Don't forget most of these so-called professionals, they need all this extra information because they can't read the charts like we do.

Regards,

Tom Williams"
Seek not to change the world; seek only to change your mind about the world
  • #23,431
  • Dec 17, 2012 9:28am Dec 17, 2012 9:28am
Quoting RaverStyleTim2
http://insanityindustries.net/viewtopic.php?f=3&t=376

point and figure with vol. have to pay for indi though. its ok.
I'd be interested to give that a go but I have no intention of paying for it when every other MT4 indicator i've tried either didn't work / crashed MT4 / worked but was charting it wrong.

I'd need to see a working copy first. Could you post some charts?
  • #23,432
  • Dec 17, 2012 10:00am Dec 17, 2012 10:00am
Quoting KinsaleForex

Great point about push through supply two bars right of 9, I was going to say it as well, but you got there first!

Also, the ND was a tricky one but I think I have the right bar.

Maybe ND was one of the trick ones!
Just curious-why is bar#7 not push thru supply? it has closed above all other closes on the left. As for #9 should it not be a test rather than ND?
  • #23,433
  • Dec 17, 2012 11:03am Dec 17, 2012 11:03am
Quoting Gxp1
Just curious-why is bar#7 not push thru supply? it has closed above all other closes on the left. As for #9 should it not be a test rather than ND?
This is how I've labeled it. It's not as clear cut as saying this bar is called X, and only Y was occurring. In hindsight the supply at the prior highs was absorbed, and also there was demand in the form of bear stops. Other traders seeing the increase in activity (higher vol) could have interpreted the activity as supply, jumped in short, then their new bear stops would add to the supply above the local highs, causing higher vol when price rose through.
  • #23,434
  • Dec 17, 2012 11:16am Dec 17, 2012 11:16am
Quoting KinsaleForex
I'd be interested to give that a go but I have no intention of paying for it when every other MT4 indicator i've tried either didn't work / crashed MT4 / worked but was charting it wrong.

I'd need to see a working copy first. Could you post some charts?
It 200% works, you could even use tradeguider indicators and have it pull up some sort of alerts. i'm sure smart would do the same. I'd have to grab the indie from another computer. but i'll send you a PM.
  • #23,435
  • Dec 17, 2012 11:56am Dec 17, 2012 11:56am
Quoting RaverStyleTim2
It 200% works, you could even use tradeguider indicators and have it pull up some sort of alerts. i'm sure smart would do the same. I'd have to grab the indie from another computer. but i'll send you a PM.
Forgive me for being sceptical. I've been through so many pieces of software that don't work at this stage! Perhaps it was the same for him, which is why he designed that one! If you could send me a PM that'd be great.
  • #23,436
  • Dec 17, 2012 12:01pm Dec 17, 2012 12:01pm
Quoting Gxp1
Just curious-why is bar#7 not push thru supply? it has closed above all other closes on the left. As for #9 should it not be a test rather than ND?
If you look again, you'll see I did label bar 7 as pushing through supply. I just feel that the other bar that SimpleDev mentioned first is a better example. We push through the two tops on a big increase in volume, absorbing the selling at these two previous highs (three bars after #3 and #7) the next bar is up and we continue to push upwards.

Bar 7 closes above all the previous bars but then we come back into the zone defined by TCH and TCL (whatever these are!) so if anything there was a little bit of weakness on this bar, albeit temporary.

As for bar 9 itself, HG has spoken a little about ND on down bars in the past, this is very close to closing as either an even bar or an up bar. Also, there's nothing else on the chart that looks like a ND. Thirdly, there were two extra letters than numbers. Maybe there isn't an ND on the chart at all and this is one of the trick answers.

I could be completely wrong, it was a tough chart! Looking forward to the answers!
  • #23,437
  • Dec 17, 2012 12:39pm Dec 17, 2012 12:39pm
Quoting KinsaleForex
If you look again, you'll see I did label bar 7 as pushing through supply. I just feel that the other bar that SimpleDev mentioned first is a better example. We push through the two tops on a big increase in volume, absorbing the selling at these two previous highs (three bars after #3 and #7) the next bar is up and we continue to push upwards.

Bar 7 closes above all the previous bars but then we come back into the zone defined by TCH and TCL (whatever these are!) so if anything there was a little bit of weakness on this bar, albeit temporary.

As...
We patiently await for the professor's assessment
  • #23,438
  • Dec 17, 2012 2:08pm Dec 17, 2012 2:08pm
Thanks for reply! yea, I noticed it later after I made the comment. Like I said before VSA seems a little upside down to me. don't know why. Indicators and the old methods seem a little easier to get in my head. I'll get it down. Also since I have been learning VSA some of the other methods, like Fib and chart patterns, triangles, and such, just don't seem that meaningful. I guess they are, but VSA puts it into a whole different perspective. Almost alien to the old stuff.
  • #23,439
  • Dec 17, 2012 2:27pm Dec 17, 2012 2:27pm
Quoting KinsaleForex
TCH and TCL (whatever these are!)
Liam,

If I am not mistaken those refer to the Tokyo Channel High and Low, something I think HG picked up from TG's newest staff member and scalper whom places this channel on his chart each day (his name escapes me). You can see he video on the TG YouTube page.
Today's zone = Tomorrow's opportunity!
  • #23,440
  • Dec 17, 2012 2:34pm Dec 17, 2012 2:34pm
Quoting pres78
Liam,

If I am not mistaken those refer to the Tokyo Channel High and Low, something I think HG picked up from TG's newest staff member and scalper whom places this channel on his chart each day (his name escapes me). You can see he video on the TG YouTube page.
Ah yes, I saw HG mention them the other day, haven't got around to watching that video yet. Cheers mate!
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