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  • #24,741
  • Oct 11, 2013 12:41am Oct 11, 2013 12:41am
hmm so maybe I am not posting to an empty room.

Quoting FrankSA
After a long time in the wilderness with VSA, I have finally come to the conclusion that a Wyckoff overlay of VSA works best.. After all, Tom learned that first. It is the best combination that helps me find good safe entries in unclear pure VSA set ups..
Perhaps for those unclear VSA set ups its best to follow the volume.

EU 15m there is some temporary strength for sure, but I wouldn't expect to ride it up to the moon. There is long term weakness on 4h.
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  • #24,742
  • Oct 12, 2013 9:47am Oct 12, 2013 9:47am
Quoting Maseratie
I bought also gold to see how it gonna go {image}
You've got to look further back than your chart. I was selling Gold when you were buying it - the background has weakness all over it.

Draw a trendline on the 1H from the high on the 19th Sept to the high on the 30th Sept, and extend it forward. What happened on the 8th October?

Now draw a line from low of the 1H trigger bar on the 27th September, which neatly aligns with the high of the trigger bar on the 1st October.

I recognise where you're coming from as I used to do something similar. "The trend is your friend" is corny, but its important.

Post up a chart with that all on it if you have any other questions
Blogging daily now at www.volume.zone
  • #24,743
  • Edited 12:30pm Oct 12, 2013 11:51am | Edited 12:30pm
Gold: Friday I did an intraday short 2x on 5min chart. Each time after a very wide bar up with High vol. In both cases they proved to be buying climax bars. The first one I did 80 pips the second one was 174 out of about 250 pip run. After a couple of mistake entries I ended up with 220 pips for the day... As much as I started with FX, I like gold for its volatility... I did trade GU as well on the day, out of impatience I closed out at 26 pip of about a 40 pip run.
I like to check the 1H: in trading FX, as it gives a very good idea as to the trend set up within 2 - 3 bars, beginning with 1hour before LDN open. I often find an entry there which is good for the entire run of the day.
Steve's advice, spot on, draw the trend channels, & then analyze to see if there is a temporary counter trend entry potential. These can be minor.. or sometimes give you a 20 - 30 pip retrace before the real set up comes. A hint, to help you there is to look to see if there is a situation, like "demand appears"... it usually causes a sideways & retrace up move before give you an "on trend" entry higher up for a genuine run..
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  • #24,744
  • Oct 12, 2013 12:28pm Oct 12, 2013 12:28pm
Quoting Steve Gill
{quote} You've got to look further back than your chart. I was selling Gold when you were buying it - the background has weakness all over it. Draw a trendline on the 1H from the high on the 19th Sept to the high on the 30th Sept, and extend it forward. What happened on the 8th October? Now draw a line from low of the 1H trigger bar on the 27th September, which neatly aligns with the high of the trigger bar on the 1st October. I recognise where you're coming from as I used to do something similar. "The trend is your friend" is corny, but its important....
If gold goes down, GU will follow.
  • #24,745
  • Oct 12, 2013 12:51pm Oct 12, 2013 12:51pm
Quoting Steve Gill
{quote} You've got to look further back than your chart. I was selling Gold when you were buying it - the background has weakness all over it. Draw a trendline on the 1H from the high on the 19th Sept to the high on the 30th Sept, and extend it forward. What happened on the 8th October? Now draw a line from low of the 1H trigger bar on the 27th September, which neatly aligns with the high of the trigger bar on the 1st October. I recognise where you're coming from as I used to do something similar. "The trend is your friend" is corny, but its important....

yop you re right, my assumption was kinda "rushie" even thought there was a heavy supply presented from previous days - those big volumes which didnt have any reliable bullish reaction, I considered that high volume selling climax which hardly made lower low and high vol. hammer as a "pretty nice" sos. Instead of bull wrb expected , paradoxical nd showed up right next to already described spring and that scared me of hell so i closed out. I appriciate all of your criticism thats why i started to contribute for this thread to attract some of the well experienced vsa guys to lead me on right way

och sry i meant sign of strengh not sow posted in img.
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  • #24,746
  • Oct 12, 2013 11:16pm Oct 12, 2013 11:16pm
Quoting Steve Gill
{quote} You've got to look further back than your chart. I was selling Gold when you were buying it - the background has weakness all over it. Draw a trendline on the 1H from the high on the 19th Sept to the high on the 30th Sept, and extend it forward. What happened on the 8th October? Now draw a line from low of the 1H trigger bar on the 27th September, which neatly aligns with the high of the trigger bar on the 1st October. I recognise where you're coming from as I used to do something similar. "The trend is your friend" is corny, but its important....


Hello Steve,
I know that your post was not directed to me and Maseratie has already answered but I tried to understand your reasoning and what I had missed.
The problem might be that different feeds provide different charts:
On the first Gold H1 chart one blue trend line goes from the high of Sept. 19 to the high of Sept 29 (1st candle at the Sunday open), the green one goes to the high of Sept 30 as per your post. Is it really that one you’re talking about? Depending of your Broker time you might not have a Sunday candle, then the blue line would be the one we want to look at. (The red one very close to the blue one was on my chart for quite some time and it goes from the high of Aug.28 to the high of Sept 19).
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Now regarding the line between Sept 27 and Oct 1st I have no clue, which candle you’re talking about but my candles and yours might not have exactly the same shape and the same levels.
I have put some check signs on a double bounce off the blue horizontal line (tests?) that actually might be the trigger. But it’s unlikely that I had noticed it at the time, tucked as it is under the 29th TR.
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On the third chart I have highlighted with an ellipse Oct 8 PA with the blue trend line passing right through and rejected by the red trend line:
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So could you please post a chart of what you are explaining and expand a little bit on trigger bars?
Just trying to learn from this thread.
Thanks
Jean-Louis
  • #24,747
  • Oct 13, 2013 1:35am Oct 13, 2013 1:35am
Quoting schmurex
{quote} So could you please post a chart of what you are explaining and expand a little bit on trigger bars? Just trying to learn from this thread. Thanks Jean-Louis
Hoping this helps. You've drawn your line from the high of the 1H trigger bar on the 27th September, when I'm talking about the low of that bar, which fits neatly with the high of the trigger on the 1st Oct.

Note from the 2nd onwards we have SOW almost every day - up to the point its rejected at the white trend line.
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Blogging daily now at www.volume.zone
  • #24,748
  • Oct 13, 2013 2:37am Oct 13, 2013 2:37am
Quoting Steve Gill
{quote} Hoping this helps. You've drawn your line from the high of the 1H trigger bar on the 27th September, when I'm talking about the low of that bar, which fits neatly with the high of the trigger on the 1st Oct. Note from the 2nd onwards we have SOW almost every day - up to the point its rejected at the white trend line. {image}

Thanks so much, Steve, I was staring at this chart without seeing the obvious.
You've switched on the bulb!
  • #24,749
  • Oct 14, 2013 8:56am Oct 14, 2013 8:56am
Us dollar index with tick volume, you can get this from FXCM.

First chart 1h, nice weakness appearing on this chart.

Zoom out to 4h and it seems we have strength, I wouldn't be surprised to be back at 10480 level Thursday with the US default, Any big volume at that level will mean serious US dollar strength.
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  • #24,750
  • Oct 14, 2013 12:50pm Oct 14, 2013 12:50pm
Since GOLD seems to be the hot topic bears are still calling the shots. Another great 4hr position taken today on the lowest green zone. This was the point where the bears made the decision to take out the last point of support seen just to the left. We returned today to this bears zone filling more sell orders. Entry was 1287 for this newest position.
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Today's zone = Tomorrow's opportunity!
  • #24,751
  • Oct 14, 2013 1:34pm Oct 14, 2013 1:34pm
Quoting pres78
Since GOLD seems to be the hot topic bears are still calling the shots. Another great 4hr position taken today on the lowest green zone. This was the point where the bears made the decision to take out the last point of support seen just to the left. We returned today to this bears zone filling more sell orders. Entry was 1287 for this newest position. {image}
Whats that strange histogram at the bottom of your charts Jason? Its making it difficult to see the important stuff like all the lines and words on your chart
Blogging daily now at www.volume.zone
  • #24,752
  • Oct 14, 2013 3:31pm Oct 14, 2013 3:31pm
Quoting Steve Gill
{quote} Whats that strange histogram at the bottom of your charts Jason? Its making it difficult to see the important stuff like all the lines and words on your chart
I think it's called a VOL-ER-UME-AC-D. It measures the volocity of the sun at the time when two moving averages converge on the moon inside the milky way channel index.

Hontesly it doesn't do much other than take up space.

Everything else on there is key though I assure you!
Today's zone = Tomorrow's opportunity!
  • #24,753
  • Oct 14, 2013 3:36pm Oct 14, 2013 3:36pm
Spot on Pres... nice 4H chart..yup I would also short at that point of confirmation.. (Your green zone).. although I still like my 5 min entries to get a drop on the higher TFs...
  • #24,754
  • Oct 14, 2013 3:42pm Oct 14, 2013 3:42pm
Quoting FrankSA
Spot on Pres... nice 4H chart..yup I would also short at that point of confirmation.. (Your green zone).. although I still like my 5 min entries to get a drop on the higher TFs...
Yeah Frank I still like to dable at times in the lower TF charts when time allows however with the strains of work at the moment I have been more focused on 1hr (mostly 4hr and Daily) and up charts to minmize my chart time.

Also I can't complain too much as my entry was a mere 3.11 points off the days high so not bad for a 4hr entry.
Today's zone = Tomorrow's opportunity!
  • #24,755
  • Oct 14, 2013 4:48pm Oct 14, 2013 4:48pm
Quoting pres78
{quote} I think it's called a VOL-ER-UME-AC-D. It measures the volocity of the sun at the time when two moving averages converge on the moon inside the milky way channel index. Hontesly it doesn't do much other than take up space. Everything else on there is key though I assure you!
Sounds legit. I'll look into incorporating it into my trading. I'm a Libra, hope that doesn't upset it

Quoting pres78
{quote} Also I can't complain too much as my entry was a mere 3.11 points off the days high so not bad for a 4hr entry.
If you don't mind me asking, how do you manage to get so close to the top with 4 hour entries - are you placing sell limit orders at most likely points?
Blogging daily now at www.volume.zone
  • #24,756
  • Edited 5:49pm Oct 14, 2013 5:36pm | Edited 5:49pm
Quoting Steve Gill
{quote} If you don't mind me asking, how do you manage to get so close to the top with 4 hour entries - are you placing sell limit orders at most likely points?
Steve,

I won't lie...

Pure luck...

Or was it?

I placed a pending order off that lowest green zone which was 6.81 ticks wide. This was the last point where a key decision was made that SM sellers were ready to overpower the weak buyers to make a new LL and taking out some key buyers levels. The result was seen from the effort and the result was good and relatively quick and powerful thus a return to this ares to fill some more orders was likely.

The fact that they only went 3.11 into the zone, well as I said that was all luck. It's all about gathering the odds of where the most likely points of action are and either setting pendings if you are happy with the zone or setting and email alert to wait for PA once price gets to the action zone you are watching. Me personally I trade both ways depending on various factors.

Price well could have gone through the green zone up to the red zone I have just above it which is in the dead area between VZA zones but I took the lower zone as my area of interest due to the results and what price did when it left this area.

At this time I am trading my own mix of VSA, VZA and S/D to complete my analysis and to plan and execute my trades. Still some wrinkles to iron out but all in all the mix is working very well and the S/D stuff is a great compliment to my VZA which you are very familiar with.

Hope that all makes sense.
Today's zone = Tomorrow's opportunity!
  • #24,757
  • Oct 15, 2013 6:41am Oct 15, 2013 6:41am
Thought about posting this new area to watch last night before bed but all I could think about was Aldo yelling at me about trade calls so instead I set my pending and went to sleep. Got up for work and as I was walking out the door I checked my phone to see that my latest short was triggered as I slept. The sellers decision to overtake the buyers at that newest lowest green zone is not super obvious on 4hr but is crystal clear on 1hr.

Again you have the option that once you know the area where you expect action if we see a return you can set a pending or wait for confirming PA at or around the zone of interest all depending on your level of comfort and your trade plan. Fairly simple stuff really we find the locations where the bears (in this case) or the bulls have shows their strength and trading the returns to these action zones when SM allow (or bring) price back to fill more orders that were left unfilled during the first move.

What I personally loved about the latest zone is that it formed right below one of my VZA - UHV zones.

We will never be right 100% of the time so as I said in a previous post we need to find the clues and stack the odds in our favor.
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Today's zone = Tomorrow's opportunity!
  • #24,758
  • Oct 15, 2013 10:44am Oct 15, 2013 10:44am
All good stuff Jason - no complaints from here
Blogging daily now at www.volume.zone
  • #24,759
  • Edited 2:02pm Oct 15, 2013 1:41pm | Edited 2:02pm
Quoting pres78
Thought about posting this new area to watch last night before bed but all I could think about was Aldo yelling at me about trade calls so instead I set my pending and went to sleep. Got up for work and as I was walking out the door I checked my phone to see that my latest short was triggered as I slept. The sellers decision to overtake the buyers at that newest lowest green zone is not super obvious on 4hr but is crystal clear on 1hr. Again you have the option that once you know the area where you expect action if we see a return you can set a...

Well the long standing support (3 support points seen on Daily chart at this area) has held thus far. Mind you we did make it lower into this area than any of the 3 times before. My latest add on shorts hit 5:1 before reversing back to stop our part 2 at BE. Due to the support seen I decided to move my SL on the first part to 3:1 which was stopped out earlier today (by the latest bar seen on my earlier chart to be exact)...

Whilst typing this my mass SL location for all other shorts (second parts of previous trades) was hit at 1284.75 so I am now flat on GOLD and will take some time to reassess current PA and to locate the key decisions made on the chart to find where I want to plan my future trades.
Today's zone = Tomorrow's opportunity!
  • #24,760
  • Oct 17, 2013 11:05am Oct 17, 2013 11:05am
Opinions on this chart please guys.

GBPUSD 1hr

A : supply
B and C: strength
D and E: pushing up through supply bar A >strength
F and G: no supply bars, price then moves up
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Seek not to change the world; seek only to change your mind about the world
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