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vsa with Malcolm

  • #23,721
  • Mar 13, 2013 10:43pm Mar 13, 2013 10:43pm
Quoting joaoborras
I would like to post a trade on euro that I took today, a short from a supply area made yesterday.
Here is the chart: http://screencast.com/t/Om2ecluqb
The price fell 55 pips, up to now, but I took only 15 our of it. Well, someday I will learn how to take more!

Aussie had a nice one as well(I didn't take it). I was looking cable for short, but didn't take it as well. And, looking at it right now, I am glad I didn't!

Have a nice one!
Nice trade for EU, I was watching EJ yesterday and got it completely wrong.

I am not so sure how weak GU is on 3/8 wide spread down bar closing off the lows, and the next day looks as if price tried to push down but no one was there to take it down.

And again looks like more potential stopping volume on 3/12.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 39 KB
  • #23,722
  • Mar 14, 2013 6:02am Mar 14, 2013 6:02am
Quoting SimpleDev
Nice trade for EU, I was watching EJ yesterday and got it completely wrong.

I am not so sure how weak GU is on 3/8 wide spread down bar closing off the lows, and the next day looks as if price tried to push down but no one was there to take it down.

And again looks like more potential stopping volume on 3/12.
What charting software and feed are you using?
Seek not to change the world; seek only to change your mind about the world
  • #23,723
  • Mar 14, 2013 8:50am Mar 14, 2013 8:50am
Attached is a classic example of selling by smart money at the top & then dragging prices down. Wonderful setup on USDJPY on 5 min.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 43 KB
  • #23,724
  • Mar 14, 2013 3:22pm Mar 14, 2013 3:22pm
Quoting abhinkoi
Attached is a classic example of selling by smart money at the top & then dragging prices down. Wonderful setup on USDJPY on 5 min.
I'm curious as to where and how you got short this market.

Of the many struggles I have had lately, the use of multiple time frames is at the top of the list.

Take a look at the charts below.

Notice that the highest probability entry on the 3 min chart comes just after 10:00. That's because, and I could be wrong here (this is where the stuggle is), the trend on the higher time frame does not change to down until 10:00. If one is going to use multipe timeframes and trade in the direction of trend, doesn't one have to wait for the higher time frame (s) to confirm the lower time frame trend?

Looking forward to your (and anybody else who wants to chime in) repsonse.
Attached Image (click to enlarge)
Click to Enlarge Name: ex 5.png Size: 444 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,725
  • Mar 14, 2013 9:21pm Mar 14, 2013 9:21pm
Quoting gez40
What charting software and feed are you using?
http://www.sierrachart.com/

Sierra's feed and software.
  • #23,726
  • Edited 9:55pm Mar 14, 2013 9:39pm | Edited 9:55pm
Quoting HiddenGap
I'm curious as to where and how you got short this market.

Of the many struggles I have had lately, the use of multiple time frames is at the top of the list.

Take a look at the charts below.

Notice that the highest probability entry on the 3 min chart comes just after 10:00. That's because, and I could be wrong here (this is where the stuggle is), the trend on the higher time frame does not change to down until 10:00. If one is going to use multipe timeframes and trade in the direction of trend, doesn't one have to wait for the higher time...

You might want to check your hulls settings. Mine is set to 21 and 0 displacement. I have the 12m turning at 9:12 est.

I suppose I never watched for a trend change on higher TFs, I check them for surges in volume that are not as apparent on the TF I am trading on.
Attached Image (click to enlarge)
Click to Enlarge Name: 12m.png Size: 62 KB
  • #23,727
  • Mar 15, 2013 2:35am Mar 15, 2013 2:35am
Quoting HiddenGap
I'm curious as to where and how you got short this market.

Of the many struggles I have had lately, the use of multiple time frames is at the top of the list.

Take a look at the charts below.

Notice that the highest probability entry on the 3 min chart comes just after 10:00. That's because, and I could be wrong here (this is where the stuggle is), the trend on the higher time frame does not change to down until 10:00. If one is going to use multipe timeframes and trade in the direction of trend, doesn't one have to wait for the higher...
Dear HiddenGap,

Please see the attached chart to see my entry. What gave me a confidence is the heavy selling at the top of this 5 min chart. SM was definitely getting out of this.

I also took another trade on 15 min after seeing heavy buying from SM. I will post the chart later.

Thanks
Abhinav
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 74 KB
  • #23,728
  • Mar 15, 2013 2:39am Mar 15, 2013 2:39am
Quoting SimpleDev
You might want to check your hulls settings. Mine is set to 21 and 0 displacement. I have the 12m turning at 9:12 est.

I suppose I never watched for a trend change on higher TFs, I check them for surges in volume that are not as apparent on the TF I am trading on.
SimpleDev,

I use the same settings for Hull. Although my mt4 indicator has a different name (NonLagMA_v7.1) but it produces same results and has same settings.

How do you customize time settings? Like 10 min, 12 min etc. I do see only default time frames.

Thanks
Abhinav
  • #23,729
  • Mar 15, 2013 3:02am Mar 15, 2013 3:02am
Quoting HiddenGap
I'm curious as to where and how you got short this market.

Of the many struggles I have had lately, the use of multiple time frames is at the top of the list.

Take a look at the charts below.

Notice that the highest probability entry on the 3 min chart comes just after 10:00. That's because, and I could be wrong here (this is where the stuggle is), the trend on the higher time frame does not change to down until 10:00. If one is going to use multipe timeframes and trade in the direction of trend, doesn't one have to wait for the higher...
The use of higher time frames and trend confluence in multiple time frames is also confusing to me.
It is mainly because I don't think that waiting for at least 3 time frames to be in the same trend, is the safest entry. For me, it seems to be too late.
I tend more to enter very near the top or bottom, after I see good SOW or SOS. It is because we are protected by the accumulation or distribution area just below/over the price.

What do you guys think?
  • #23,730
  • Mar 15, 2013 3:04am Mar 15, 2013 3:04am
Hi.
I didn't read this thread completely yet so, forgive me if it was already there.
But, is there discussions on how to make a trading plan purely based on VSA in the thread? VSA + support/resistance areas + previous supply/demand zones?

If not, what about to discuss about it?

Cheers!
  • #23,731
  • Mar 15, 2013 4:24am Mar 15, 2013 4:24am
A nice setup on 5 min EURUSD is forming. Keep an eye. Looks like a potential top formation. Need to look for UT and ND combination.

Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 74 KB
  • #23,732
  • Mar 15, 2013 4:51am Mar 15, 2013 4:51am
Quoting abhinkoi
SimpleDev,

I use the same settings for Hull. Although my mt4 indicator has a different name (NonLagMA_v7.1) but it produces same results and has same settings.

How do you customize time settings? Like 10 min, 12 min etc. I do see only default time frames.

Thanks
Abhinav
I don't use MT4, I use Sierra see above post to Gez. I vaguely remember Polomine posting an indicator for MT4 that would allow for custom TFs. Look through the thread attachments and you should be able to find it, plus there are all sorts of indicators that maybe useful.
  • #23,733
  • Mar 15, 2013 5:07am Mar 15, 2013 5:07am
Quoting joaoborras
Hi.
I didn't read this thread completely yet so, forgive me if it was already there.
But, is there discussions on how to make a trading plan purely based on VSA in the thread? VSA + support/resistance areas + previous supply/demand zones?

If not, what about to discuss about it?

Cheers!
That is a very confusing request. Pure VSA is only Volume Spread Analysis..

Adding in supply/demand zones which is still basically s/r is more along the lines of technical analysis.

Check out this post if you want a pure VSA.

http://www.forexfactory.com/showthre...42#post4024442
  • #23,734
  • Mar 15, 2013 5:15am Mar 15, 2013 5:15am
Quoting abhinkoi
A nice setup on 5 min EURUSD is forming. Keep an eye. Looks like a potential top formation. Need to look for UT and ND combination.

Thoughts?
You're fighting the market..

Look at 30m, yesterday US bought.. then take a look at 15m chart, Asia bought today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30m.png Size: 46 KB
Click to Enlarge Name: 15m.png Size: 35 KB
  • #23,735
  • Mar 15, 2013 5:37am Mar 15, 2013 5:37am
Quoting SimpleDev
That is a very confusing request. Pure VSA is only Volume Spread Analysis..

Adding in supply/demand zones which is still basically s/r is more along the lines of technical analysis.

Check out this post if you want a pure VSA.

http://www.forexfactory.com/showthre...42#post4024442
SimpleDev, thank you for the link to that post.
That post defines the setup for entries, and is what I pretty much look for to entry.
As per the plan, when I say "pure VSA" is because VSA accounts for almost all aspects of technical analysis, what is the reading of buying and selling in any financial instrument. Also, looking at related markets to have a broader view, etc.
But yes, I recognize that my post was confusing. I will try to make other post with examples or more details on that.

Thanks!
  • #23,736
  • Mar 15, 2013 6:35am Mar 15, 2013 6:35am
Quoting SimpleDev
You're fighting the market..

Look at 30m, yesterday US bought.. then take a look at 15m chart, Asia bought today.
Hi SimpleDev,

Yes you are right that they bought yesterday but seeing this selling, I believe they are offloading what they have bought yesterday. I may be wrong because you are talking on 15/30m chart and Im looking at 5 min. Of course on big TF the picture wud look different. The price has risen above the level I posted the chart at but still its making wide spread candles with huge volume which is forcing me to believe SM is offloading.

Please correct me if you think otherwise. I want to learn where im thinking wrong.
Appreciate your response.

Thanks buddy
Abhinav
  • #23,737
  • Mar 15, 2013 6:53am Mar 15, 2013 6:53am
Quoting abhinkoi
Hi SimpleDev,

Yes you are right that they bought yesterday but seeing this selling, I believe they are offloading what they have bought yesterday. I may be wrong because you are talking on 15/30m chart and Im looking at 5 min. Of course on big TF the picture wud look different. The price has risen above the level I posted the chart at but still its making wide spread candles with huge volume which is forcing me to believe SM is offloading.

Please correct me if you think otherwise. I want to learn where im thinking wrong.
Appreciate your...
We just have to be careful to see if it is not absorption volume, as the price is working at tuesday and wednesday highs.
  • #23,738
  • Mar 15, 2013 7:28am Mar 15, 2013 7:28am
Quoting joaoborras
We just have to be careful to see if it is not absorption volume, as the price is working at tuesday and wednesday highs.
You have a valid point joaoborras. What is the best way to ensure it is not? Any pointers?
  • #23,739
  • Mar 15, 2013 7:30am Mar 15, 2013 7:30am
Quoting abhinkoi
You have a valid point joaoborras. What is the best way to ensure it is not? Any pointers?
That's a good question. Good signs will be a stop hunt at the highs, closing back in the range(upthrust) or a shift bar(gotcha bar) to the downside.
Then, to enter, look for low volume pull back to the lows(break the ice and enter in its retest).

Let's see. News is coming out! :-)
  • #23,740
  • Mar 15, 2013 7:37am Mar 15, 2013 7:37am
Quoting joaoborras
That's a good question. Good signs will be a stop hunt at the highs, closing back in the range(upthrust) or a shift bar(gotcha bar) to the downside.
Then, to enter, look for low volume pull back to the lows(break the ice and enter in its retest).

Let's see. News is coming out! :-)
Thanks joaoborras. Will keep that in mind. Looks like it was an absorption volume only because the price is flying high now.
What news was expected?
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