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vsa with Malcolm

  • #23,481
  • Dec 20, 2012 1:40pm Dec 20, 2012 1:40pm
Quoting Intel
You might want to post your chart as well!!
Don't trade nor have a 3 min chart at my disposal.
Today's zone = Tomorrow's opportunity!
  • #23,482
  • Dec 20, 2012 2:01pm Dec 20, 2012 2:01pm
Quoting pres78
Don't trade nor have a 3 min chart at my disposal.
LOL don't panic, I thought you were refering to your 'red' circles etc............I've just noticed them on HGs chart.......Doh
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  • #23,483
  • Dec 20, 2012 2:04pm Dec 20, 2012 2:04pm
Quoting pres78
Now HG you've made it too easy (sort of but I left with more questions than answers)...

2 red squares and a red circle (or should I say the two red circles). 3 min chart EORM (for lack of a better definition) with 2 downbars after, UT with a downbar within 2, effort to rise / 2nd UT (some may call this ND) with 2 downbars after and then a true ND (second red circle)... easy peesy...

I am curious would you have traded the first red circle? It closed below the first UT which is the highest volume bar on the chart and this is an example of when...

The way I trade these, I need to see the UT confirmation within 2 bars of the UT.
The ND can come at any stage that the setup is still valid. The sooner the better tho, as with the entry bar.
  • #23,484
  • Dec 20, 2012 2:05pm Dec 20, 2012 2:05pm
Quoting Intel
LOL don't panic, I thought you were refering to your 'red' circles etc............I've just noticed them on HGs chart.......Doh
Interesting... so you will take a ND entry after more than the "standard" 2 bars? I do that also at times depending on what I am seeing on the charts at that time with respect to overall BG and recent PA. Nice to see.
Today's zone = Tomorrow's opportunity!
  • #23,485
  • Dec 20, 2012 2:10pm Dec 20, 2012 2:10pm
Quoting Intel
The way I trade these, I need to see the UT confirmation within 2 bars of the UT.
The ND can come at any stage that the setup is still valid. The sooner the better tho, as with the entry bar.
Cool, love to see the many ways everyone trades using VSA. I've always loved your charts and trades. You have a plan and stick to it. Great stuff.

For me personally I would have traded that first red dot as my entry bar and would have been brought in on the same bar as you. Would have loved that bar had I seen it live as it closed below the highest volume bar (second red square) and had the same close as your ND... perfect for me as we are seeing some volume increase into an upper zone low and enough weakness to make that bar close below the volume and as low as an earlier ND... if that doesn't spell weakness and a nice short entry I don't know what does.
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Today's zone = Tomorrow's opportunity!
  • #23,486
  • Dec 20, 2012 2:17pm Dec 20, 2012 2:17pm
Quoting pres78
...2 red squares and a red circle (or should I say the two red circles). 3 min chart EORM (for lack of a better definition) with 2 downbars after, UT with a downbar within 2, effort to rise / 2nd UT (some may call this ND) with 2 downbars after and then a true ND (second red circle)... easy peesy...
Quoting pres78
....I am curious would you have traded the first red circle? It closed below the first UT which is the highest volume bar on the chart and this is an example of when is a bar ND even if volume is not less than the previous 2 bars? (also begs the question of ND that's not true ND even if the volume is less than the previous 2, but I'll save that for another post). It does go against your green chart mode and hull so I assume you would have waited for those to turn...Curious how you see the chart and entries.
As usual, spot on. Again, we don't need to get too caught up in the names. Here is how I see it:

1. EORM (End Of a Rising Market). We see a narrow range up bar on Ultra High Volume. Those this interval is also a Squat. The next interval is down confirming that there had to be some selling (supply) on this interval.

2. Hidden Up Thrust. This is a wide range bar making a higher high but closing on its low. We call it a "hidden" Up Thrust because the close is down. Although the volume is decreasing, it remains well above average.

3. Up Thrust. This is more of the classic Up Thrust. The volume is Ultra High and rising. The close is in the lower portion of the interval's range and the interval is not only higher than the previous but also higher than the previous two intervals. Confirmation of the weakness does not come on the next interval, but rather the interval after that. This is in line with what we were looking for as per Intel's post.

4. Supply Swamping Demand (SSD). First off, this interval is a Squat. We have a decreasing range on increasing volume that is above average with a close in the lower portion of the range. As price attempts to move up, something is capping its movement-Supply. Buy orders are easily being matched by sell orders. The herd thinks it is getting a good price, but the narrow range tells us what the true intentions of the Smart Money are.

This is the most aggressive entry and if you can see this one, more power to you. If this is your type of entry, I would believe you would note that price is closing lower than the close of the Up Thrust after price attempted to move into its range.

5. This interval is not part of the series we are looking for, but it is a very telling bar. There is an abundance of weakness (supply) behind it, so there is clearly something to be "tested". In this case, a Test failing is as telling as a test that confirms.

a'. No Demand. Although the range of this interval is greater than the previous interval, it is smaller than the interval prior to that. It is making a higher high but closing in the lower portion of its range on volume less than the previous two intervals.

But here's the rub. If you were to look to entry at the low of this interval, the next interval does not make a lower low. Nor does it confirm the No Demand by closing lower.

a. For me, this is the first Entry. This is a narrow range up interval on increasing volume. That makes it a Squat. Now as I have said many times before, we do not trade indicators. We trade price and volume. But at the same time, we don't trade against the indicators either. Note that while we are predisposed to be looking for a low volume signal (No Demand), this is a high volume (volume increasing) signal.

b. Supply Entering. This is another Squat. The range is narrower than the previous interval but the volume is increasing. Take a look at the previous interval. Note the "progress" made on this interval. That is, the range. The range is rather wide for the level of volume. We could say not a lot of effort (volume) and a lot of result (range). Now contrast that with this interval. The volume (effort) surges but the result (range) decreases. We would expect that with twice the volume than the previous interval, the range would be twice as much as well. This is not the case.

Another good entry and here again, we are entering on a high volume signal as opposed to a low volume signal.

c. This is No Demand. Whilst the close is not in the middle or low, the volume is less than the previous two intervals on an up bar that has a narrow range.

Possible entry #3. Not including the hyper-aggressive entries at 4 or 5. 5 is a bit less hyper, but remember, you have know that the test has failed. Therefore, the entry is two intervals later.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,487
  • Dec 20, 2012 2:29pm Dec 20, 2012 2:29pm
Quoting pres78
Interesting... so you will take a ND entry after more than the "standard" 2 bars? I do that also at times depending on what I am seeing on the charts at that time with respect to overall BG and recent PA. Nice to see.
More often than not, the ND will be more than 2 bars away. And very often, it's these particular NDs that give the best entry prices.
There is more time for price to rally deep in to the heart of the UT before a ND prints. Therefore, the TP is much closer to our entry price (so is the SL but, it doesn't matter).

Also just for interest sakes, these NDs are sometimes quit close to HGs entry points(but only when the ND prints quite low on the UT). By time price has initially dipped then raised again to print our ND, HGs trend indi is red.......sometimes
  • #23,488
  • Dec 20, 2012 2:46pm Dec 20, 2012 2:46pm
Quoting HiddenGap
As usual, spot on. Again, we don't need to get too caught up in the names. Here is how I see it:

1. EORM (End Of a Rising Market). We see a narrow range up bar on Ultra High Volume. Those this interval is also a Squat. The next interval is down confirming that there had to be some selling (supply) on this interval.

2. Hidden Up Thrust. This is a wide range bar making a higher high but closing on its low. We call it a "hidden" Up Thrust because the close is down. Although the volume is decreasing, it remains well above average....
Great explanation as ever. I really hope some of you guys out there are following HGs thought processes. It is VSA ......the way it should be traded.

Just 1 note about your chart tho HG. For me, an EORM should be very narrow range on HUGE volume, and very rare!
I think your EORM is too wide spread and not enough volume. For me it's just another high volume up bar.
  • #23,489
  • Dec 20, 2012 5:36pm Dec 20, 2012 5:36pm
Quoting HiddenGap
As usual, spot on. Again, we don't need to get too caught up in the names. Here is how I see it:

1. EORM (End Of a Rising Market). We see a narrow range up bar on Ultra High Volume. Those this interval is also a Squat. The next interval is down confirming that there had to be some selling (supply) on this interval.

2. Hidden Up Thrust. This is a wide range bar making a higher high but closing on its low. We call it a "hidden" Up Thrust because the close is down. Although the volume is decreasing, it remains well above average....
Thankyou once again for excellent explanation , I personally would not have entered on #4 &#5 because they didnt qualify as ND and i didnt see their significance until you pointed it out, anyway since the trend is still up how are we to know that after the upthurust we may only get a small correction. i would have entered on#c as its in a downtrend and signs of weakness behind.
  • #23,490
  • Dec 20, 2012 5:41pm Dec 20, 2012 5:41pm
Quoting pres78
Don't trade nor have a 3 min chart at my disposal.
Just curious why many traders trade 3min and not 5min -gavin Holmes trades on it as well. What is the advantage if any?
  • #23,491
  • Dec 21, 2012 4:41am Dec 21, 2012 4:41am
Quoting Intel
The way I trade these, I need to see the UT confirmation within 2 bars of the UT.
The ND can come at any stage that the setup is still valid. The sooner the better tho, as with the entry bar.
You had your SL above the high of that upthrust, if the high of this upthrust was taken out before the ND was triggered, does this invalidate the set up for you?
  • #23,492
  • Edited 9:56am Dec 21, 2012 9:12am | Edited 9:56am
VSA Inspired Christmas Jingle - Twelve Days of Trading

· On my first day of trading Tom Williams gave to me a MTM electronic copy
· On my second day of trading the Smart Money gave to me, 2 busted accounts and MTM electronic copy
· On my third day of trading Malcomb gave to me, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my fourth day of trading HG gave to me, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my fifth day of trading Intel gave to me, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my sixth day of trading Liam gave to me, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my seventh day of trading Steve gave to me, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my eight day of trading Magix gave to me, 8 trading indicators, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my ninth day of trading the news she gave to me, 9 UT’s spiking, 8 trading indicators, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my tenth day of trading the bears they gave to me, 10 failed tests, 9 UT’s spiking, 8 trading indicators, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my eleventh day of trading the bulls they gave to me, eleven SO’s a tricking, 10 failed tests, 9 UT’s spiking, 8 trading indicators, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy
· On my twelfth day of trading Gavin gave to me, 12 copies of Trade Guider, eleven SO’s a tricking, 10 failed tests, 9 UT’s spiking, 8 trading indicators, 7 pictures from his balcony, 6 PnF set-ups, 5 golden rules, 4 trading lessons, 3 cool charts, 2 busted accounts and MTM electronic copy

I hope everyone has a safe and happy holidays and many green pips in 2013!
Today's zone = Tomorrow's opportunity!
  • #23,493
  • Dec 21, 2012 2:06pm Dec 21, 2012 2:06pm
Quoting pres78
VSA Inspired Christmas Jingle - Twelve Days of Trading
This is brilliant!

I'd also like to wish everyone a Merry Christmas, it's great to see a revival in this thread as of late. Not to mention some old faces back posting.

Seeing as this is the season of giving, i'd like to extend an invite to everyone who reads this thread to join our VSA Forum. Click that, or the link is in my sig. A lot of people that post here are posting over there as well and it's a great hub for learning.

I'd like to stress the point that people will learn a lot more if they post. Feel free to sign up and get involved. I'm sure it'll be quiet over Christmas but we'll be back and active in the new year.

Merry Christmas again and a prosperous new year to all!
  • #23,494
  • Dec 21, 2012 2:38pm Dec 21, 2012 2:38pm
Happy weekend and Xmas to all
Hope to see you back Malcolm , And dear friend Magix
  • #23,495
  • Dec 21, 2012 2:50pm Dec 21, 2012 2:50pm
Quoting KinsaleForex
You had your SL above the high of that upthrust, if the high of this upthrust was taken out before the ND was triggered, does this invalidate the set up for you?
Most definately, yes.
  • #23,496
  • Dec 21, 2012 2:51pm Dec 21, 2012 2:51pm
Quoting pres78
VSA Inspired Christmas Jingle - Twelve Days of Trading

· On my first day of trading Tom Williams gave to me a MTM electronic copy
· On my second day of trading the Smart Money gave to me, 2 busted accounts and MTM electronic copy
· On my third day of trading Malcomb gave to me, 3 cool charts, 2 busted accounts and MTM electronic copy
[font=Symbol]·...
Superb my old friend!
  • #23,497
  • Dec 22, 2012 4:51am Dec 22, 2012 4:51am
Merry Christmas one and all
  • #23,498
  • Edited 6:53am Dec 22, 2012 5:59am | Edited 6:53am
Hi Guys! just started my VSA lesson and hopefully this could be useful with my chart analysis in the new year! HAPPY CHRISTMAS! =)

oh well, this might sound silly but im wondering if i can post some newbie questions and hopefully without any criticize from the seniors here for not reading over 1500 pages in this thread.
  • #23,499
  • Dec 22, 2012 7:03am Dec 22, 2012 7:03am
Merry Christmas all.

Is it me or does this new colour scheme make it harder to read posts?...probably just me.
Seek not to change the world; seek only to change your mind about the world
  • #23,500
  • Dec 22, 2012 7:05am Dec 22, 2012 7:05am
ya. still prefer the old layout..
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