vsa with Malcolm

trying to short this but really going good atm.

4h chart im suspecting it to go down from here after retesst the break of the trend channel.
But thook th nd low in the trend of a ne demand bar

imho i think it safer to enter after the up thrust bar with high volume,

Shouldve really not have shorted bottom of the the range

Just still some strenght in this chart, im hoping plays out

hey guys i ve been recently using vsa for a month so iam still newbie and wanna ask you what do you think about this setup and if it is maded correctly for sure

I was short yesterday on the bar next to wide spread down bar with good volume ,but still i stopped out.. could you explain why it happened?

Seems to be in an uptrend, least on that portion of the chart. I do not see lower low etc.

Again, try not to pick bottoms. downtrend, stay in downtrend

I almost wish I could steal these words from you, astral. I couldn't agree more!

Thanks a million for starting this thread!!! I just discovered it otherwise I would have posted here earlier. I have been trading for a while too, but only recently learned about VSA and I am also in the middle of reading Master The Markets. I've even had similar thoughts to what astral said (above) about volume, but it seems like there is a real practical use for it even in FX... but I guess I still have to learn that part.

Essentially, and in my opinion, the concept of volume or supply and demand is not hard to understand. What I find to be the hard part is applying that understanding effectively in the markets. And, given the fact that market makers, financial institutions, central banks, or basically anyone with enough size manipulate the market and play tricks on you like headfakes, fakeouts, shakeouts, and whipsaw (which suck), this fact makes trading even more difficult, especially on the shorter time frames which I tend to focus on.

Volume is the #1 concept that I can't seem to fully grasp or, like I said, apply effectively to the markets. And because of this, I have a tendency to ignore volume simply because any time I try to trade off it (along with PA), I usually find myself on the losing side of the trade. And this may sound funny to some of you, but I think I trade better with indicators to look at for confirmation. It's kinda interesting that I'm posting here actually, because the approach I use is ~99.9% technical. I do look at price action a lot, but I strongly reject the argument that indicators are useless or add no or little value. The right indicators, applied in the right conditions (ie: at the right time) can actually have tremendous value. The key is in understanding how and when to use them. But, I know that is not the point of this thread, and I'm posting because I want to learn more about VSA.

One of my fears is that volume becomes less important on the shorter time frames. Is this true? I am a short-term trader, but I know most professional traders use the Daily chart and trade around those levels. All the pictures and charts I see in the books I read are Daily charts. But what if you're not a swing trader or investor? God forbid, what if you're a daytrader? Is volume even still relevant on low time frames like a 5 minute chart? Or 1 minute?

Although I am a big advocate of the technical approach, I also believe that trading is like math in the sense that there's usually more than one way of getting to the right answer. And in the end, it doesn't matter how you get there, it just matters that you were right.

I am looking to expand my thinking by adding VSA to my approach, but I'd also be interested to hear some thoughts on this. I'm an advocate of using stochastics in ranging markets and ADX in trending markets and think they are the perfect complement... I'm not sure if I could trade without at least stochastics. Could someone tell me if and how the VSA method (or volume, or simple price action) trumps these indicators???

I know there's a very logical component to the VSA method/madness because the thing is, I am a programmer and am trying to develop an EA. I believe the technicals ARE capable of predicting moves (I assume just like VSA), but the thing is, you need to anticipate those moves. Because by the time the actual signal is triggered, it's usually a little too late. In my opinion, it is that human aspect that allows us trade successfully off of the technicals -- because you can learn to anticipate those moves with some practice -- but I have yet to figure out how to replicate that ability when it comes to coding.

I am thinking and hoping that VSA might be the answer. It was founded by Richard Wyckoff, one of the best traders to have ever lived, and it is ironic because it is those very principles he discovered that have been lost in time due to advancements in technology and our constant pursuit of the "holy grail" (which, I'll admit, I am on too!). The ironic part is that the solution and holy grail, if there ever was one, may actually lie in old-school techniques before computers were even invented! Basically I am talking about simple price action techniques like higher high, higher low or higher high, lower low, etc, and of course volume. I know a ton of traders say scratch the indicators and just trade price (and volume), but I guess I'm not as good as them yet... so I know I have a lot more learning to do. I'll certainly be finishing my copy of Master The Markets and then I'll be going back to Page #1 to read some of your posts. I doubt I'll get to all 1,200 of them but I'll do my best. lol

Again, would be interesting to hear some thoughts on this because I threw out a lot of points for discussion.

Thanks, and I look forwarding to learning from you all!

Hi Smash . . . Master the Markets and this thread are both gold mines. I re-read this thread (especially Malc's posts) almost daily.

Well It is not on me to filter out which indicators are good and which are not but Whatever indicators are used user has to be familiar and confident in using them...With VSA is same...in either case comes to interpretation of the market makers activity based on indicators and or VSA...How good interpretation is tells traders account...For some takes more and for some takes less time to interpret market activity correctly and act accordingly....Besides interpretation trader has to be able to control emotions that might effect trading...

Hello guys!

It has been a while, lol. How are you guys?

SimpleDev is still active I see!

Been busy with my new job, as it requires me to take work home to catch up. ^^ Hope you all are trading well!

Just dropped in to say hello. I hope everyone is doing well and making mad pips...

Heeey taked some trades friday ^^ have a look...

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Welcome at Soros kitchen ...

When you are in Soros kitchen don't ask him about insider trading with the French,, still a touchy subject.

As far as your UJ post, you like to fight the trend for some reason.. Don't.

1h chart, nasty trend to be fighting, besides the volume you are seeing is more than likely supporting volume, supporting volume is to keep the market under control, people have a tendency to panic and sell everything at once.

This thread is quiet so here is another post, a trade I took today.. I have been working on my longer TFs again..

Longer TFs means that I can trade everything under the sun so here is a short I found on audcad.

Another g8 week... ahead

hi all.
i'm new here and i like to ask the best indicator i can use for VSA .

thanks