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vsa with Malcolm

  • #24,681
  • Sep 25, 2013 12:26am Sep 25, 2013 12:26am
Quoting jcite89
Hi, im new to vsa and im trying to understand it. Attached is the 4h aud/usd chart. What i have interpreted is it correct? {image}
Pretty much what Tim said, put a note on the wall or your monitor, VSA is a trend trading system. Use it to buy the strength in an up trend, sell the weakness in a down trend, use it as an early warning system that the trend maybe changing so you can lock in profit on your existing trades.

Also another thing is the 4h chart is a funny TF to use, I am just saying that I personally use 4h to see where the volume is. If I can see higher volume than the previous days and or weeks it gives me and idea that something big is on its way. I don't really use it to find NS/ND/Tests.
Attached Image (click to enlarge)
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  • #24,682
  • Sep 25, 2013 1:21am Sep 25, 2013 1:21am
Quoting Vcv13
EN/8H some nice buying going on {image}
Nice catch, the volume on those two bars from the 19th definitely show some strength.
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  • #24,683
  • Sep 25, 2013 7:42am Sep 25, 2013 7:42am
Quoting SimpleDev
{quote} Pretty much what Tim said, put a note on the wall or your monitor, VSA is a trend trading system. Use it to buy the strength in an up trend, sell the weakness in a down trend, use it as an early warning system that the trend maybe changing so you can lock in profit on your existing trades. Also another thing is the 4h chart is a funny TF to use, I am just saying that I personally use 4h to see where the volume is. If I can see higher volume than the previous days and or weeks it gives me and idea that something big is on its way. I don't...
Hi simpledev.

What time frame will u recommend?
Will a short time frame like 15 mins be fine for vsa?

Here is another chart
E/U 4H

I will buy after that last bar closes at middle or bottom.
Intermediate trend is down.

Weakness in background.

It is buying climax( not selling ) Sorry for error.
I hope you guys can guide me along.
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  • #24,684
  • Sep 25, 2013 8:05am Sep 25, 2013 8:05am
Greetings to all, here's a little 15 minute chart of the GBPUSD that has interested me today.

Any thoughts or comment welcome please.

Chris

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  • #24,685
  • Sep 25, 2013 6:46pm Sep 25, 2013 6:46pm
Quoting tea.tea
Greetings to all, here's a little 15 minute chart of the GBPUSD that has interested me today. Any thoughts or comment welcome please. Chris {image}
You will not get an accurate read of the Forex market on lower time frame charts.
Bring up a higher time frame and save yourself much pain and financial loss.
  • #24,686
  • Sep 25, 2013 8:14pm Sep 25, 2013 8:14pm
Quoting jcite89
{quote} Hi simpledev. What time frame will u recommend? Will a short time frame like 15 mins be fine for vsa? Here is another chart E/U 4H I will buy after that last bar closes at middle or bottom. Intermediate trend is down. Weakness in background. It is buying climax( not selling ) Sorry for error. I hope you guys can guide me along. {image}
Use whatever TF you are comfortable with, I was just saying that I personally don't look for NS/ND on 4h, 4h is still tradeable.
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  • #24,687
  • Sep 25, 2013 8:18pm Sep 25, 2013 8:18pm
Quoting jcite89
{quote} Will a short time frame like 15 mins be fine for vsa?

I use 15m for entries and use 1h to determine whether the pair is bullish or bearish.

I cherry picked this example, I was playing with EJ yesterday.
Attached Image(s) (click to enlarge)
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  • #24,688
  • Sep 25, 2013 8:26pm Sep 25, 2013 8:26pm
Quoting tea.tea
Greetings to all, here's a little 15 minute chart of the GBPUSD that has interested me today. Any thoughts or comment welcome please. Chris {image}

There was some selling there for sure, but hopefully you sat on your hands due to the trend was still up. This is what screws up a lot of people in VSA and this is a prime example of it, where we see selling come in and the trend carried GU up another 40 pips.
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  • #24,689
  • Sep 25, 2013 11:13pm Sep 25, 2013 11:13pm
Feeling a bit bullish at the moment on EU. 3510 is the key level to watch today, its the top of the tapering bar from the 18th and its also the daily pivot for today.

Orange bars showing that Asia has already tested 3510 twice..
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  • #24,690
  • Sep 25, 2013 11:41pm Sep 25, 2013 11:41pm
Quoting SimpleDev
Feeling a bit bullish at the moment on EU. 3510 is the key level to watch today, its the top of the tapering bar from the 18th and its also the daily pivot for today. Orange bars showing that Asia has already tested 3510 twice.. {image}
And a bull you should be!
A high chance with specs heavy short pre and post FOMC; large accumulation prior to "non tapering" and volume signals are all pointing north.
There were a few signal calls by large banks yesterday pumping a sell on the pair, this in itself is a great long indicator.
  • #24,691
  • Sep 25, 2013 11:47pm Sep 25, 2013 11:47pm
Quoting SimpleDev
Feeling a bit bullish at the moment on EU. 3510 is the key level to watch today, its the top of the tapering bar from the 18th and its also the daily pivot for today. Orange bars showing that Asia has already tested 3510 twice.. {image}
Is that a 20 or 21 ema on your chart?
If so, a lot of algos and black box systems use this as a trending indicator.
If you see price respecting it almost perfectly during low volatility periods of the market it can be a great indication of further price direction.
Just ask commerce bank!
  • #24,692
  • Sep 26, 2013 12:20am Sep 26, 2013 12:20am
Quoting SimpleDev
{quote} Nice catch, the volume on those two bars from the 19th definitely show some strength. {image}
Thanks for the comments.

when that NS formed on 4H it was 0230 local time, I was sound asleep

now waiting for the 21MA to catchup

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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #24,693
  • Sep 26, 2013 1:33am Sep 26, 2013 1:33am
Quoting Sonofsin5
{quote} Is that a 20 or 21 ema on your chart? If so, a lot of algos and black box systems use this as a trending indicator. If you see price respecting it almost perfectly during low volatility periods of the market it can be a great indication of further price direction. Just ask commerce bank!
21 SMA

So that explains why it is a hell of a lot better than hulls.
  • #24,694
  • Sep 26, 2013 2:21am Sep 26, 2013 2:21am
Strength seen during Asian session, a ND on the 1h but think we will see higher today, what do you think guys?
Tracking the Specialists.
  • #24,695
  • Sep 26, 2013 2:38am Sep 26, 2013 2:38am
Quoting Sonofsin5
{quote} And a bull you should be! A high chance with specs heavy short pre and post FOMC; large accumulation prior to "non tapering" and volume signals are all pointing north. There were a few signal calls by large banks yesterday pumping a sell on the pair, this in itself is a great long indicator.
Don't say that
  • #24,696
  • Sep 27, 2013 3:48am Sep 27, 2013 3:48am
Quoting SimpleDev
{quote} There was some selling there for sure, but hopefully you sat on your hands due to the trend was still up. This is what screws up a lot of people in VSA and this is a prime example of it, where we see selling come in and the trend carried GU up another 40 pips.

Quoting Sonofsin5
{quote} You will not get an accurate read of the Forex market on lower time frame charts. Bring up a higher time frame and save yourself much pain and financial loss.

Thank you sonofsin5 and DimpleDev for that advise =]

Pain and financial losses are definitely things I would like to avoid. Revisiting the same chart viewed on an hourly time frame is telling me a different story.

'More patience less top picking' shall be the new mantra.




  • #24,697
  • Sep 27, 2013 8:50am Sep 27, 2013 8:50am
Quoting tea.tea
{quote} {quote}Thank you sonofsin5 and DimpleDev for that advise =] Pain and financial losses are definitely things I would like to avoid. Revisiting the same chart viewed on an hourly time frame is telling me a different story. 'More patience less top picking' shall be the new mantra.
Yea, best bet is not to make VSA to complicated and accept that sometimes you will be wrong and sometimes you nail it, I was completely off yesterday about the direction of EU. But today was simple, stopping volume trend change and an entry bar.
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  • #24,698
  • Sep 29, 2013 5:34am Sep 29, 2013 5:34am
how to interpret no demand at demand level?
There is a winner and a loser, nothing in between.
  • #24,699
  • Sep 29, 2013 9:50pm Sep 29, 2013 9:50pm
UCHF 4h..

Yellow shows potential strength, red shows a weak reaction to the strength.

Thinking my plan for the day is if I see a bounce at the low of the yellow bar to look for longs on 15m with an up trend, and if price breaks through the low of the yellow bar to look for shorts below the low of the yellow bar with a 15m entry and a down trend.
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  • #24,700
  • Sep 29, 2013 11:37pm Sep 29, 2013 11:37pm
GU 1h

Definitely don't want to be looking for longs with this in the background, but still too soon for shorts, something to keep a close eye on.
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