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vsa with Malcolm

  • #23,861
  • Apr 2, 2013 11:29pm Apr 2, 2013 11:29pm
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a newbie's views

I'd also check my P&F charts on this prior to taking a trade.
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #23,862
  • Apr 3, 2013 1:04am Apr 3, 2013 1:04am
Quoting joaoborras
Let me play! :-) Here is my annotated charts with comments: {image} Cheers!
Quoting Vcv13
{image} a newbie's views I'd also check my P&F charts on this prior to taking a trade.
Interesting..

Lets add another chart to this story. I will post my interpretations tomorrow.

Hopefully Liam, HG maybe even Gez will reply!

AJ daily..
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  • #23,863
  • Apr 3, 2013 4:04am Apr 3, 2013 4:04am
Quoting SimpleDev
Interesting.. Lets add another chart to this story. I will post my interpretations tomorrow. Hopefully Liam, HG maybe even Gez will reply! AJ daily.. {image}
I was away in Italy for the weekend (a welcomed break!) and in work yesterday so i'm only really getting back to the charts today.

I tried to pull up the same chart in my Sierra but there are some differences in mine. Are you using FXCM in Sierra? Or do you have it set to a different opening time?

Either way, here's some of the stuff i'm seeing, a lot of it is similar to what has been said above.
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  • #23,864
  • Apr 3, 2013 7:34am Apr 3, 2013 7:34am
Attached is my trade card for today's trades in last 5 hours. I made $6967 in 16 trades
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  • #23,865
  • Apr 3, 2013 7:51am Apr 3, 2013 7:51am
Quoting abhinkoi
Attached is my trade card for today's trades in last 5 hours. I made $6967 in 16 trades {image}
Congrats! It is beautiful! :-)
And I can see that you are more a scalper type of trader, right?
I also like this approach.

Keep the good work up!
  • #23,866
  • Apr 3, 2013 10:39am Apr 3, 2013 10:39am
Quoting abhinkoi
Attached is my trade card for today's trades in last 5 hours. I made $6967 in 16 trades {image}
If you could post charts for these trades, that'd be great.
  • #23,867
  • Apr 3, 2013 10:41am Apr 3, 2013 10:41am
As HG likes to say, a chart dump. Something a little different.

Daily Amazon chart looks interesting to me.
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  • #23,868
  • Apr 3, 2013 11:48am Apr 3, 2013 11:48am
Quoting SimpleDev
For those who know me, know that I am a sucker for the forum games. So here we go.. 8h chart of AJ. Edit my chart and tell everyone what you see! {image}
I can't really disagree with what has been said.

However, I see a Demand Zone and price has fallen into this area. Despite the mushroom and the obvious signs of weakness, I would not be a seller in this area. I would like to see price fall below the zone.

I would note that there is some strength entering on the last few intervals, as would be expected.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #23,869
  • Apr 3, 2013 12:53pm Apr 3, 2013 12:53pm
Quoting joaoborras
Congrats! It is beautiful! :-) And I can see that you are more a scalper type of trader, right? I also like this approach. Keep the good work up!
Thanks much buddy..Yes I do scalping and positional both. Today I thought of doing scalping.

Done for the day with all successful trades & ended up with $10,319. Here is the latest snap shot
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  • #23,870
  • Apr 3, 2013 12:56pm Apr 3, 2013 12:56pm
Quoting KinsaleForex
If you could post charts for these trades, that'd be great.
Kinsale, I wish I could but I dont want to confuse you guys here. My setup is a mix of VSA and another system (MA, TL,Supp/Res etc). So it might not make any sense to share charts of that in this pure VSA thread. If you still want I can send a snap of what I use. Sorry buddy. Hope you understand.

Thanks
Abhinav
  • #23,871
  • Apr 3, 2013 1:47pm Apr 3, 2013 1:47pm
Hi abhinkoi

It would be great to see a snap of what you use ,with a short breave how you trade of them, thanks

Jacques
  • #23,872
  • Apr 3, 2013 5:48pm Apr 3, 2013 5:48pm
Quoting KinsaleForex
I was away in Italy for the weekend (a welcomed break!) and in work yesterday so i'm only really getting back to the charts today. I tried to pull up the same chart in my Sierra but there are some differences in mine. Are you using FXCM in Sierra? Or do you have it set to a different opening time? Either way, here's some of the stuff i'm seeing, a lot of it is similar to what has been said above. {image}
Nice! I bet Italy is amazing, thanks for the reply.

Yea I use FXCM day starting at 7am GMT.

Quoting HiddenGap
I can't really disagree with what has been said. However, I see a Demand Zone and price has fallen into this area. Despite the mushroom and the obvious signs of weakness, I would not be a seller in this area. I would like to see price fall below the zone. I would note that there is some strength entering on the last few intervals, as would be expected. {image}
This was what I was looking for. Wanted to see if someone else saw it, I wasn't sure if I was reading too much into the chart.

Everyone is right we do have major weakness here, but as I was looking at this the top just looked odd, like it wasn't symmetrical. Basically as if we should see another run up. Then looking further at the chart the 97.75 was support for the distribution area and when we finally broke through that we did on very low volume. I was hoping it would become more obvious with the daily chart I posted. The day that pushed down was on very low volume. The volume bar was even colored yellow. As HG said we even saw a bit of bullish volume come in later in the day on the 8h chart.

So thinking that it is possible to see one last push to 99 the high of the first climatic bar, or possible 100.50 which is a weekly resistance level. If you go back to the daily chart you can see that distribution started in early February. When price does fall it should be a big drop, so I am not worried about trying to get in at this top.
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  • #23,873
  • Apr 3, 2013 5:52pm Apr 3, 2013 5:52pm
Quoting abhinkoi
Kinsale, I wish I could but I dont want to confuse you guys here. My setup is a mix of VSA and another system (MA, TL,Supp/Res etc). So it might not make any sense to share charts of that in this pure VSA thread. If you still want I can send a snap of what I use. Sorry buddy. Hope you understand. Thanks Abhinav
I think the point he was trying to make is that these posts come across as bragging posts, and that posts with charts are more useful.
  • #23,874
  • Apr 3, 2013 5:57pm Apr 3, 2013 5:57pm
Quoting KinsaleForex
As HG likes to say, a chart dump. Something a little different. Daily Amazon chart looks interesting to me. {image}
Excellent chart! I would have never saw that.
  • #23,875
  • Apr 3, 2013 6:57pm Apr 3, 2013 6:57pm
Quoting SimpleDev
When I made the post about the EORM I sold a 1/3 of my position and went BE. Really starting to believe in locking in profit as soon as possible. Watching 1.048, which if price stalls I will sell off another 1/3. If price pushes through then 1.6 will be the next area. There isn't really a buying climax for AU so its kind of hard to really say for me when accumulation started, but basically AU has been being accumulated for between a month to a month and a half, which means that this has the potential for a significant run. {image}

Follow up on the AU trade.

Looks as if AU is showing weakness now doubtful that AU will push back into the trend channel on low volume, I only have 1/3 of the position left so forcing the market to take me out. Moved up the stop loss to 1.0380.
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  • #23,876
  • Apr 3, 2013 8:12pm Apr 3, 2013 8:12pm
Quoting SimpleDev
I think the point he was trying to make is that these posts come across as bragging posts, and that posts with charts are more useful.
I understand SD but it wasnt about bragging becoz all are real trades. Pls dont take it otherwise. I meant to say that in this thread people would only like to see posts related to VSA trades whereas my trades werent purely on VSA. I used a setup based on MA, TL, Sup/Res along with VSA/Volume. Traded between SH/SL along with trend. These are the things which might not be liked here because everyone here is motivated to learn VSA trading. That's the point I am trying to make because that would create confusion & deviate others from the topic.

Attached is the chart which I used for this. Please see several MAs, Sup/Res plotted over this. Below yellow is downtrend, above it uptrend. Other MAs (Magenta, Black & Dark Violet) are short/medium term MAs where price comes back often to take rest before continuing it journey in the trend direction. You can trade both sides (long & shorts) with the help of Sup/Res, MAs and Volume which I did yesterday. All the trades were successful. I have been using this for several years with success but I still want to learn VSA because I feel that helps you to remain on the right side always.

Please let me know if anyone here need any further info on this.

NOTE: I do not want anyone here to deviate from the topic of learning VSA. This is a great thread & I myself is learning a lot from senior members like SD, HG etc. Apologies for creating any confusion if I did unintentionally.
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  • #23,877
  • Apr 3, 2013 8:14pm Apr 3, 2013 8:14pm
Quoting Jacquesct
Hi abhinkoi It would be great to see a snap of what you use ,with a short breave how you trade of them, thanks Jacques
Hello Jac - Posted above. Please refer that.
  • #23,878
  • Apr 3, 2013 9:27pm Apr 3, 2013 9:27pm
Quoting HiddenGap
CAD update: Based on the first chart, one could actually already be short. Price hit a Supply/Demand Delta Zone on a Hidden Up Thrust. Looking at the more traditional VSA trend trading method, we have seen a No Demand on Friday. We note that the bars are red, price is below the BPL and it is red. The aggressive entry is to short at the open on Sunday. The more traditional VSA approach is to wait for price to take out the low of this No Demand interval. {image} {image}
Cad printed a hidden UT right after the ND you pointed out. So I take it you are trading higher TFs as well?

I think I still need some work on the higher TFs, but I think that they can offer some great r/r. If you find a trade I hope you will walk us through it.
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  • #23,879
  • Apr 3, 2013 9:28pm Apr 3, 2013 9:28pm
Quoting SimpleDev
That makes sense the contracts rolled over.. There isn't really much strength here. That up move was hit with a surge in volume and the next bar failed to close above the low of the high volume bar. Don't fight the trend on this one. {image}
Dear SD,

You were right on this bro. It behaved exactly the way you predicted. There wasnt much strength & there was no demand from professionals hence it again tested the close of the climatic bar and previous SH with low volume and fell like anything. Attached is the updated chart till this moment for your reference.
Hats off to your analysis...
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  • #23,880
  • Apr 4, 2013 12:30am Apr 4, 2013 12:30am
I want to share here a picture perfect VSA setup in cable. I am sure many of us saw that and, hopefully, capitalized on it. I didn't! Again, shame on me! Well, I was outside anyways... :-)

Here it is.

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And that is why I believe we can try to develop a trading plan based on VSA principles everyday. If someone would like to start such line of discussion, would be great! We can even open a new thread like "trading plan with VSA for day trading". Anyone?

Cheers!
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