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vsa with Malcolm

  • #24,501
  • Jun 13, 2013 7:40pm Jun 13, 2013 7:40pm
Hello guys!

^^ Been a while since I posted.

I've been trading higher time frames, as I'm being a bit busy.

1st trade - entered & exit at green line [120ish~ pips]
Current trade - entered a bit late near yellow line :O [so far about +20 pips]
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Yes, I do enjoy eating bananas. Very much.
  • #24,502
  • Jun 14, 2013 5:21am Jun 14, 2013 5:21am
Classic VSA and a bit of Wyckoff thrown in for good measure. (yesterday's trading)

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The gold line across the chart is the creek that was created last week. Price is dropping towards it (retest ?) when things start to happen. (There's a book title in there somewhere http://forum.vsawiki.com/images/smilies/icon_lol.gif )

1. Volume, rejection of lows
2. Volume, and the next bar is .....
3. Volume, and the next bar is .....
4. GOTCHA
5. Time to get busy. (we've crossed the 20ema http://forum.vsawiki.com/images/smilies/icon_cool.gif )

Because of time of day, I opted for a limit out set at AB=CD target.
  • #24,503
  • Jun 14, 2013 7:30am Jun 14, 2013 7:30am
Quoting pres78
EU - watch the 3340 level during tommorow trading... Could be a point of interest.
Wasn't sure to what direction it would be but I knew this level would give us a play...

Lovely 5 min ND into this level 90 mins after LO. Beauty short back down to the next level at 3300-3305 ish which is where we are now finding support, but it is News time...
Today's zone = Tomorrow's opportunity!
  • #24,504
  • Jun 14, 2013 9:07am Jun 14, 2013 9:07am
Quoting pres78
{quote} Wasn't sure to what direction it would be but I knew this level would give us a play... Lovely 5 min ND into this level 90 mins after LO. Beauty short back down to the next level at 3300-3305 ish which is where we are now finding support, but it is News time...
And here comes 3340 again. Both 5 and 15 min charts we saw the support / buying volume at support level 3300-3305 followed by NS's and up we go. Waiting for reaction back at 3340 again...
Today's zone = Tomorrow's opportunity!
  • #24,505
  • Jun 14, 2013 12:11pm Jun 14, 2013 12:11pm
Quoting Aspire
Classic VSA and a bit of Wyckoff thrown in for good measure. (yesterday's trading) {image} The gold line across the chart is the creek that was created last week. Price is dropping towards it (retest ?) when things start to happen. (There's a book title in there somewhere {image} ) 1. Volume, rejection of lows 2. Volume, and the next bar is ..... 3. Volume, and the next bar is ..... 4. GOTCHA 5. Time to get busy. (we've crossed the 20ema {image} ) Because of time of day, I opted for a limit out set at AB=CD target.
Nice chart.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #24,506
  • Jun 15, 2013 4:49pm Jun 15, 2013 4:49pm
Quoting Aspire
Classic VSA and a bit of Wyckoff thrown in for good measure. (yesterday's trading) {image} The gold line across the chart is the creek that was created last week. Price is dropping towards it (retest ?) when things start to happen. (There's a book title in there somewhere {image} ) 1. Volume, rejection of lows 2. Volume, and the next bar is ..... 3. Volume, and the next bar is ..... 4. GOTCHA 5. Time to get busy. (we've crossed the 20ema {image} ) Because of time of day, I opted for a limit out set at AB=CD target.
One classic deserves another.


It's all here:


1. When weakness appears, it usually appears on UP bars.


2. The highest probability entries will start with high to ultra high volume. This is the start point of the distribution or accumulation phase and is not the place to get long or short.


3. Once the market changes behavior, in this case from an UP trend to a DOWN trend, the best place to get short would be low volume UP bars.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #24,507
  • Edited 11:35am Jun 17, 2013 10:11am | Edited 11:35am
Wow even HiddenGap couldn't bring em in to fill the seats. What a sad day.

Looks like I came back at the wrong time. Seemed as though the thread had some interest again but that quickly died and everyone left or at least stopped posting again.

Ah well it was a great run and a great place to share and learn VSA. Without this forum I would still be one of the 95% but instead I was able to take what I learned and developped VZA and now a few different higher TF systems that are looking very good but still a ways to go.

I wanted to personally thank Malc, Intel, DrG, Sono and HG for all I have learned from them to name but a few. I also wanted to express my gratitude to all of the forum friends I have grown close to over the years and hope to see some of you in the future not just in the forums but hopefully we can meet someday to share a drink and a meal to discuss our forex triumps.

Trade only what you see on your charts and never what others are saying to trade. Control your investments, control your money and learn to manage them with low risk and high success. It can be done.

If I decide to open the vaults any further on VZA or my new systems I may be back to FF to share or I may just create my own home here on the world wide web... time will tell.

All the best and many green pips to you all.
Today's zone = Tomorrow's opportunity!
  • #24,508
  • Jun 17, 2013 12:54pm Jun 17, 2013 12:54pm
Quoting pres78
Wow even HiddenGap couldn't bring em in to fill the seats. What a sad day. Looks like I came back at the wrong time. Seemed as though the thread had some interest again but that quickly died and everyone left or at least stopped posting again. Ah well it was a great run and a great place to share and learn VSA. Without this forum I would still be one of the 95% but instead I was able to take what I learned and developped VZA and now a few different higher TF systems that are looking very good but still a ways to go. I wanted to personally thank...
I spoke about wings
You just flew
I wondered, I guessed, and I tried
You just knew
I sighed
But you swooned
I saw the crescent
You saw the whole of the moon!

Inserted Video
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #24,509
  • Jun 17, 2013 10:25pm Jun 17, 2013 10:25pm
Quoting pres78
Wow even HiddenGap couldn't bring em in to fill the seats. What a sad day. Looks like I came back at the wrong time. Seemed as though the thread had some interest again but that quickly died and everyone left or at least stopped posting again. Ah well it was a great run and a great place to share and learn VSA. Without this forum I would still be one of the 95% but instead I was able to take what I learned and developped VZA and now a few different higher TF systems that are looking very good but still a ways to go. I wanted to personally thank...
I'm not exactly sure where everybody went.

Maybe your charts left everybody speechless and scared to post ;D Most of us [if I can say on behalf of the rest of the lurkers?] are beginners at VSA so we're probably trying to test things out, tampering with different methods, and come back when it fails and start ask experts like yourself and HG why it didn't work. We're seeking perfection, unfortunately. To be honest, I'm still a bit scared to take a loss. If I fail once, I'll probably question myself much more the next time a trading opportunity comes around. I'll question, I'll wonder, and the good trading opportunity will pass up on me. After missing a few good trading opportunities, I will decide to "risk" it and take a bad trade because of the anxiety that was built up in me. True story, trust me.

I'm not perfect yet, nor will I ever be, but I'm still trying to find the perfect trading method

I'm still tampering here and there [for fun? or just the curiosity and old habit wanting to try out new systems], but my main trading styles are supply/demand zones [similar to your high volume zone, maybe?] and VSA. Back then I didn't know if a zone would hold or not, but now I'm slowly starting to grasp an understanding. Charts aren't so random anymore. Still random, but just not as much, ^^.
Yes, I do enjoy eating bananas. Very much.
  • #24,510
  • Jun 18, 2013 4:52am Jun 18, 2013 4:52am
Quoting pres78
Wow even HiddenGap couldn't bring em in to fill the seats. What a sad day. Looks like I came back at the wrong time. Seemed as though the thread had some interest again but that quickly died and everyone left or at least stopped posting again. Ah well it was a great run and a great place to share and learn VSA. Without this forum I would still be one of the 95% but instead I was able to take what I learned and developped VZA and now a few different higher TF systems that are looking very good but still a ways to go. I wanted to personally thank...
I still don`t get it, look at this chart of daily ftse100, largest volume since july last year, on a down bar, strength? but price continues down, why?

VSA just boggles me but I still come here regularly, it would be a shame if you guys all stopped posting, how about going through the core VSA principles one by one with charts and explanations?
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Seek not to change the world; seek only to change your mind about the world
  • #24,511
  • Jun 18, 2013 6:19am Jun 18, 2013 6:19am
Hi Gez40,

Rule number 1. Is the volume data any good ?
I've just looked at a ftse chart on yahoo finance and there is a decline in volume on each of the prior 4 bars and then the massive bar you marked.
Which chart is correct? Don't know.

"....largest volume since july last year, on a down bar, strength? but price continues down, why?"

The bar should be read in context with the prior bars and any known S/R levels. Look at my chart in post 24,503 for a similar GOTCHA bar. Take a look at the TG videos on youtube for more examples.

We are not the only people trading, some will have seen a confirmed 123 top. Others may have seen a no demand after the confirmation. That's two lots of traders that want to sell.
  • #24,512
  • Jun 18, 2013 8:56am Jun 18, 2013 8:56am
Quoting Aspire
Hi Gez40, Rule number 1. Is the volume data any good ? I've just looked at a ftse chart on yahoo finance and there is a decline in volume on each of the prior 4 bars and then the massive bar you marked. Which chart is correct? Don't know. "....largest volume since july last year, on a down bar, strength? but price continues down, why?" The bar should be read in context with the prior bars and any known S/R levels. Look at my chart in post 24,503 for a similar GOTCHA bar. Take a look at the TG videos on youtube for more examples. We are not the...

Ok, carrying on from what I was saying then, could you give me an explanation of a gotcha bar.

Gez.
Seek not to change the world; seek only to change your mind about the world
  • #24,513
  • Edited 11:13am Jun 18, 2013 9:19am | Edited 11:13am
Have another read of MTM, look for the bit talking about absorption; locking traders in/out. The SM giving price a kick in the right direction after doing all the prep work. Remember, it's not accountancy perfect, so go with the flow and read the bars in the context of what is before them.

Gavins TG videos on youtube have examples. Fast forward to parts that show charts, well worth the time and effort.
  • #24,514
  • Jun 18, 2013 9:50am Jun 18, 2013 9:50am
Quoting Aspire
Have another read of MTM, look for the bit talking about absoption; locking traders in/out. The SM giving price a kick in the right direction after doing all the prep work. Remember, it's not accountancy perfect, so go with the flow and read the bars in the context of what is before them. Gavins TG videos on youtube have examples. Fast forward to parts that show charts, well worth the time and effort.

So looking at the chart you posted a couple of days ago, the sellers at the lows were then locked in to a loosing position with said gotcha bar?
Seek not to change the world; seek only to change your mind about the world
  • #24,515
  • Jun 18, 2013 10:20am Jun 18, 2013 10:20am
Yes, and the buyers on bars 1+2 are encouraged to keep their long trades open.

It does not happen this way all the time. You need to learn to see the elements that make up the trading cycle. The sell side is shown very nicely in HG's chart up above. Start at the beginning of this thread and you will find many good examples by HG and others.
  • #24,516
  • Jun 18, 2013 10:49am Jun 18, 2013 10:49am
Quoting gez40
{quote} I still don`t get it, look at this chart of daily ftse100, largest volume since july last year, on a down bar, strength? but price continues down, why? VSA just boggles me but I still come here regularly, it would be a shame if you guys all stopped posting, how about going through the core VSA principles one by one with charts and explanations? {image}
Hello. Let's deal with a trading truism first. Trade what you see. I am not going to get into the mechanics of data delivery, but suffice to say two people looking at the same time frame and getting data from the same source can see different volume levels. With that said, I would check your data source. I have attached a chart with data from FXCM and yours does look to be off more than one would expect from simple data pack delivery issues.

Okay, let's move beyond that and talk about some key elements of Volume Spread Analysis.

The first issue is somewhat controversial, or at least is counter to the reason many people pursue VSA in the first place, and that is trade with the trend. As already established, my volume is different. But let's pretend that it is the same as yours. What is of note is that this bar begins to show a trend change. This is of course relative as not everyone is defining trend in the same way(s). For me, although the bar remains blue (UP trend) other elements of my trend definition are turning red (DOWN trend). Price is also closing below the BPL further evidence of a DOWN trend for me.
In this light, the bar is weak. It's a wide spread down bar that closes on it low on increasing volume. Weakness is increasing volume on down bars. As long as that volume is not too high.

So what if the volume is too high?

Well, first off we would not be going short/long based on just one interval. The next interval is up, so that tells us that there had to be some buying in all that volume. But that next interval comes on volume less than the previous two (your chart) which also signals a lack of interest in higher prices. On my chart the next interval has more volume on a much reduced spread- a squat- which shows the upside being capped as all buy orders are immediately being matched with a sell order. This is weakness and a countermanding "signal".

Again, the main point is that you do not trade based on a signal bar. We want to wait to see a change in behavior. As Tom Williams says, "A trend lasts longer than you think it will". So we don't want to jump in and catch a falling knife. We want evidence that things have changed. Rarely will one interval be enough.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #24,517
  • Jun 18, 2013 11:45am Jun 18, 2013 11:45am
Quoting HiddenGap
{quote}. So we don't want to jump in and catch a falling knife. We want evidence that things have changed. Rarely will one interval be enough. {image}
Nice post,
We have all seen this pattern many times before; most traders take a long and get stung. It wasn't until I learned to wait for low volume testing after a ove like this that I started to profit from the consistently.
  • #24,518
  • Jun 18, 2013 12:06pm Jun 18, 2013 12:06pm
Thanks for the post HG, I was using FXCM myself on mt4 demo so not sure what the problem is there.

If anyone has a more reliable data feed on demo I would love to know about it.
Seek not to change the world; seek only to change your mind about the world
  • #24,519
  • Edited 2:11pm Jun 18, 2013 1:56pm | Edited 2:11pm
Quoting pres78
EU - watch the 3340 level during tommorow trading... Could be a point of interest.
Key support again today (twice)... same old levels over and over and over again. Volume at volume we know where the lowest risk, highest probability set-ups are going to occur each and every day if we watch the high volume zones.

Learn to read the charts inside and out and the rest will fall nicely into place.

And now I am off again...
Today's zone = Tomorrow's opportunity!
  • #24,520
  • Jun 18, 2013 7:37pm Jun 18, 2013 7:37pm
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Yes, I do enjoy eating bananas. Very much.
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