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vsa with Malcolm

  • #23,761
  • Mar 17, 2013 4:28am Mar 17, 2013 4:28am
Quoting Connected
Thank you for your detailed reply SimpleDev, much appreciated for a newbie like me to Volume analysis.

Looking at my notes from Tom William's regarding stopping volume:

Stopping Volume

Prices will start to resist further down moves and is frequently seen as high volume with price closing near the highs as buying must have entered the market.
Try this pdf on TG indicators, I think it will be of great benefit to you.
Attached File(s)
File Type: pdf TG Indicators Guide v1.01[1][1].pdf   459 KB | 1,338 downloads
Seek not to change the world; seek only to change your mind about the world
  • #23,762
  • Mar 17, 2013 9:14am Mar 17, 2013 9:14am
Hey Gez thanks! much appreciated this is really handy, cheers buddy

Quoting gez40
Try this pdf on TG indicators, I think it will be of great benefit to you.
Tracking the Specialists.
  • #23,763
  • Mar 17, 2013 10:33am Mar 17, 2013 10:33am
Quoting HiddenGap
You've been all over this one. Very nice.

Now what are you thinking?
I'm looking what will happen with this aud move, it's just correction or reversal.

From COT seems that AUD was taking bearish phase within last few beeks, but this friday report shows that bulls is coming back so for me it's not really clear. best would be to wait any VSA signal ...

Do you see HG anything here?
  • #23,764
  • Mar 17, 2013 3:51pm Mar 17, 2013 3:51pm
On the daily radar.

I do not predict markets.

All I know is that I have seen some supply enter this market. I don't know what will happen next. I am charged with taking every signal as it comes. So if the price bars remain red and the BPL remains red and the chart mode changes to down, then I will look for a No Demand/Up Thrust/Up Squat to get short. I am most likely going to be wrong more often than I am right, so I am also charged with keeping my losses small and my wins large. I keep my losses small so I am around when, because it's not a question of if, the big trades come...
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,765
  • Mar 17, 2013 4:07pm Mar 17, 2013 4:07pm
Quoting Cholia
I'm looking what will happen with this aud move, it's just correction or reversal...Do you see HG anything here?
I do not predict markets. I simply don't know the future.

But I'll tell you what I do know:

1. according to my definiton of trend, the trend has changed to up.

I define an Up Trend as blue bars, green BPL and chart mode (slow momentum) is positive.

2. I also know that if the trend remains in tact and I see a Test, Shake Out or Sqaut type interval, with momentum flow, I would take a long.

3. Most of all, I know that trading is a loser's game; he who loses the best wins. So the fact that I am wrong more than I am right is just the nature of the beast. I need to keep the losses small in order to be around for the big winners. It's not about avoiding the losses, it's about managing them correctly.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,766
  • Mar 17, 2013 11:45pm Mar 17, 2013 11:45pm
Hello SimpleDev - Could you please help me understand these terms?

1) Which doesn't mean that you will see clear SOS or SOW in every session.
What is SOS and SOW?

2) Here is a little VSA secret.. If you see that US bought and you can confirm that Asia bought as well, usually London or the following US session will have a significant run.
I am from India & the charts I use is in +2 GMT time zone. Could you please share the market open timings for Asia, London and US? Is there an MT4 indicator available which can spot these sessions on chart?

3) VSA becomes difficult when the consensus of smart money isn't all that clear, and inexperienced traders see a HV SO and think they see strength and take a trade and loose it.
What is HV SO?

Thanks much in advance.

Regards
Abhinav
  • #23,767
  • Mar 18, 2013 12:02am Mar 18, 2013 12:02am
Quoting gez40
Try this pdf on TG indicators, I think it will be of great benefit to you.
Thanks Gez40. This indeed is very helpful. Appreciate you sharing it with this forum.
  • #23,768
  • Mar 18, 2013 12:24am Mar 18, 2013 12:24am
Quoting KinsaleForex

There are three huge overlapping volume zones and we have (at the moment) bounced in the area where the two largest zones overlap one another. It was never going to be an easy ride to push down through here. For now, I think they've stopped the move and we're going to get a correction. Perhaps only as far as that upside target. But with a decent signal, i'll try take that!

Attachment

quite interesting.

can we use the same method on other chart type for instance bar charts?
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #23,769
  • Mar 18, 2013 1:32am Mar 18, 2013 1:32am
This morning EU has gapped down around 150+ pips. We have seen significant strength on Friday session & this down fall looks very unexpected. Can someone please shed some lights from VSA perspective as to how we could have catch this early on top on Friday or Sat?

Thanks
Abhinav
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  • #23,770
  • Mar 18, 2013 1:49am Mar 18, 2013 1:49am
Quoting abhinkoi
Hello SimpleDev - Could you please help me understand these terms?

1) Which doesn't mean that you will see clear SOS or SOW in every session.
What is SOS and SOW?

2) Here is a little VSA secret.. If you see that US bought and you can confirm that Asia bought as well, usually London or the following US session will have a significant run.
I am from India & the charts I use is in +2 GMT time zone. Could you please share the market open timings for Asia, London and US? Is there an MT4 indicator available which can spot these sessions on chart?

3)...
1. Sign of Strength/Sign of Weakness

2. Asia 11pm GMT/ London 7am GMT / US 12 pm GMT

3 High Volume Shake Out
  • #23,771
  • Mar 18, 2013 1:51am Mar 18, 2013 1:51am
Quoting abhinkoi
This morning EU has gapped down around 150+ pips. We have seen significant strength on Friday session & this down fall looks very unexpected. Can someone please shed some lights from VSA perspective as to how we could have catch this early on top on Friday or Sat?

Thanks
Abhinav
US session on Friday was sold into.

4h chart
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  • #23,772
  • Mar 18, 2013 3:53am Mar 18, 2013 3:53am
Golden words HG, seems that I was too deep into the woods now and forgot basic things. need to go back few steps and calm down =)
  • #23,773
  • Mar 18, 2013 4:59am Mar 18, 2013 4:59am
Quoting SimpleDev
US session on Friday was sold into.

4h chart
Looked to be in the right place as well
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Seek not to change the world; seek only to change your mind about the world
  • #23,774
  • Mar 18, 2013 5:02am Mar 18, 2013 5:02am
views?
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Seek not to change the world; seek only to change your mind about the world
  • #23,775
  • Mar 18, 2013 5:45am Mar 18, 2013 5:45am
Quoting SimpleDev
1. Sign of Strength/Sign of Weakness

2. Asia 11pm GMT/ London 7am GMT / US 12 pm GMT

3 High Volume Shake Out
Awesome...Thanks buddy..Appreciate your quick response.

Thanks
Abhinav
  • #23,776
  • Mar 18, 2013 6:36am Mar 18, 2013 6:36am
Quoting SimpleDev
US session on Friday was sold into.

4h chart
Yeah that I saw today but even if UT and ND were visible on Friday late evening, I wasnt expecting a sharp gap down of 150+ pips. Is this normal in currency trading? I only heard about gap up/down in stocks (coz trading in India market).
  • #23,777
  • Mar 18, 2013 7:29am Mar 18, 2013 7:29am
Quoting Vcv13
quite interesting.

can we use the same method on other chart type for instance bar charts?
Of course, look for posts by pres78 in this thread, he covers Volume Zones in depth, I learnt everything from him!
  • #23,778
  • Mar 18, 2013 7:32am Mar 18, 2013 7:32am
It's the day after Paddy's day so i'm not feeling the sharpest...

I do my utmost to completely avoid reading news reports. With this in mind, what reason are people giving for this gap down? Cyprus bailout?

It voids the upside target I was talking about here anyway.
  • #23,779
  • Mar 18, 2013 11:12pm Mar 18, 2013 11:12pm
Quoting HiddenGap
On the daily radar.

I do not predict markets.

All I know is that I have seen some supply enter this market. I don't know what will happen next. I am charged with taking every signal as it comes. So if the price bars remain red and the BPL remains red and the chart mode changes to down, then I will look for a No Demand/Up Thrust/Up Squat to get short. I am most likely going to be wrong more often than I am right, so I am also charged with keeping my losses small and my wins large. I keep my losses small so I am around when, because...
So I have been trying to figure out what this post means to me for the past couple days. I get the point of your post, not to be biased, trade the market as it unfolds and rely on your winners to run so that they out weigh your losses.

But what exactly does that mean to me? I realize I make a lot of market calls (well not so much here on FF but more on the private forum), which I have influenced a few traders, Traveler comes to mind as I think he closed out of a winning position due to one of my posts. But the point is I keep arriving at the same conclusion, and that is when I trade I have to have a plan which in turn, develops into a bias.

Your way makes more sense, as it will keep you a nimble trader and you can easily change sides if you are wrong, but by having a predetermined plan it gives me the confidence to stay in a trade if the trade goes against me. Obviously I always keep a hard stop loss for when I am wrong and when I am wrong it is difficult for me to switch sides and I have to figure out a new plan.

So I think your post means to me is that after developing your strengths, which I believe I have that it is time to start focusing on weakness, which mine are confidence, nimbleness and bias of the pair.
  • #23,780
  • Mar 19, 2013 12:13am Mar 19, 2013 12:13am
1st chart.. Yesterday was another straight forward day. I took a short on UCHF just because I thought it looked like a better setup but was only able to get a partial profit, so I will post the EU chart as to it actually made a better run.


EU was hit with a surge in volume on a down bar pre Asia, and when London came around a shake out for entry.

2nd chart is a look at today, for me personally I will be sitting this one out. US looks as if there was a lot of selling but Asia ended up buying. I think sellers are more in control, but we are at a major support area of 2929, which I would rather watch TG videos today than look for shorts.
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