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vsa with Malcolm

  • #24,901
  • Nov 20, 2013 9:00pm Nov 20, 2013 9:00pm
Quoting SimpleDev
{quote} I have been thinking about this chart this weekend, a good example for trigger numbers. Using the close of the potential selling bar as a trigger number price was never able to dip below it, there was a low volume up thrust I marked in blue that could easily be mistaken for a short entry which as price comes down the market prints a hidden test right at the trigger number. Something I will explore further this week, using the close as a trigger number from the SOW and looking for entries below it. Anyone care to correct me.. Does Gavin only...
Don't know if it was already answered but allow me to give my input on that.
Gavin uses all three, as he states on his 1st book.

In my case, I do a bit of discretionary work on it like below:
1. if the bar has big wicks(above or below), I mark the wicks as the area where selling/buying pressure happens and this are becomes my "trigger area"
2. if the spread of the bar is narrow, I mark the entire bar for may "trigger area"

I don't really believe on one number, but a range of price action instead. And, if you think about Gavin using the 3 points, what you have is really an area, not an specific price.

When the market reacts on an specific number, well, that is a piece of beauty! :-)

Hope you all are doing very well!
  • #24,902
  • Nov 20, 2013 9:35pm Nov 20, 2013 9:35pm
Quoting joaoborras
{quote}I don't really believe on one number, but a range of price action instead. And, if you think about Gavin using the 3 points, what you have is really an area, not an specific price. When the market reacts on an specific number, well, that is a piece of beauty! :-)
Thanks, good information, I will keep this in mind.

I was looking to make a confirmation on price specifically testing the close, but it sounds like I would be limiting myself. I know the market is not perfect so areas will be more realistic.

Good to hear from you again.
  • #24,903
  • Nov 20, 2013 11:00pm Nov 20, 2013 11:00pm
AUDUSD H12
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The Market pays you to be disciplined
  • #24,904
  • Nov 22, 2013 5:04am Nov 22, 2013 5:04am
hey all,
i'm a long time lurker, first time poster - as i've been reading for months now.
....my VSA learning started with Timing the Trade thread, which lead me to Sam Seiden videos and Rocky's Extracted Thread,
followed by Karthik Marar's PDF (a condensed version of MTM VSA) followed by The Complete Guide to Volume Price Analysis and then of course, the MTM book itself, and finally this thread.
i figured i could post now that i'm on page 605 (roughtly post 24,161)... i should be able to smash out the last 750 posts by this weekend and be up to speed.
i've learned heaps, and for the first time don't feel utterly confused by the markets.....even starting to have some successful trades on demo.
wanted to just thank everyone that has contributed to my learning in this thread ,,
and just thought i'd say hi and introduce myself.
  • #24,905
  • Nov 22, 2013 6:59am Nov 22, 2013 6:59am
Hi Anton, I am learning myself. I trade only using the minimum lot size until I feel confident.

EU M5:
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  • #24,906
  • Nov 22, 2013 8:35am Nov 22, 2013 8:35am
Quoting SimpleDev
{quote} Thanks, good information, I will keep this in mind. I was looking to make a confirmation on price specifically testing the close, but it sounds like I would be limiting myself. I know the market is not perfect so areas will be more realistic. Good to hear from you again.
Hello simpledev....hope your trades has been fine......i have a question ....does a no demand or no supply bar has to be lower than the two candle at the same progression,what am trying to say is......the first of the three candles has say a certain level of volume,then the next must be lower and the ND/NS must definitely be lower than the second one........or the first two candle could have any progression.......provided the third bar is lower in volume..thanks...anybody else could answer..........have been very busy the last couple of weeks...........just beginning to have slightly more free time..........am reading the thread from the beginning am on page 76 now............gat along way to go........hiddengap,intel.....and quite some other traders are of gold stuff,i wish i was around at the time............
  • #24,907
  • Nov 22, 2013 3:52pm Nov 22, 2013 3:52pm
Quoting anton609
hey all, i'm a long time lurker, first time poster - as i've been reading for months now.
Well no one can say that you haven't done your reading.

Feel free to ask any questions and/or post any views you may have.

Quoting carbonado
{quote} Hello simpledev....hope your trades has been fine......i have a question ....does a no demand or no supply bar has to be lower than the two candle at the same progression.
No it doesn't matter, it only matters that the NS/ND has lower volume than the previous two bars.
  • #24,908
  • Nov 22, 2013 4:01pm Nov 22, 2013 4:01pm
Quoting Curtis_S
Hi Anton, I am learning myself. I trade only using the minimum lot size until I feel confident. EU M5: {image}
Was a tough spot today on EU, looked to be big supply coming in during London. But every time price came back down to the close of the supply bar (also R1 pivot level) the price level was tested.

Finally after pushing up through the high of the supply bar twice, US session saw a 2 bar and a test back down into the high of the supply bar.
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  • #24,909
  • Nov 23, 2013 3:48am Nov 23, 2013 3:48am
Quoting SimpleDev
{quote} Was a tough spot today on EU, looked to be big supply coming in during London. But every time price came back down to the close of the supply bar (also R1 pivot level) the price level was tested. Finally after pushing up through the high of the supply bar twice, US session saw a 2 bar and a test back down into the high of the supply bar. {image}
Thanks so much....another quick one...what is a point of control...POC
  • #24,910
  • Nov 23, 2013 4:35am Nov 23, 2013 4:35am
Quoting SimpleDev
{quote} Was a tough spot today on EU, looked to be big supply coming in during London. But every time price came back down to the close of the supply bar (also R1 pivot level) the price level was tested. Finally after pushing up through the high of the supply bar twice, US session saw a 2 bar and a test back down into the high of the supply bar. {image}

Hi SimpleDev,

My specific question is , are the bars "testing demand" or "testing supply " on Eu chart ?

i have another general question;
-when price tries to break up through a resistance line, price is testing resistance
-when price tries to break down through support line, price is testing support .

Is "testing support" same action as "testing supply" ?
Is "testing resistance" same action as "testing demand" ?

A NS bar might try to break down a support. If it can't break down the support line and if an upbar follows this NS bar, then we have same appearence of a "testing supply" (test bar) which consists of two bars.

The intention of testing support is, breaking down . On the other hand the duty of a testing supply (test bar) is to check if there are seller before SM marks up the price.

Please enlighten me with your comments.
  • #24,911
  • Nov 24, 2013 8:49pm Nov 24, 2013 8:49pm
thanx for the welcome Curtis & SimpleDev,

look forward to posting my trades & getting feedback
a student for life i reckon.
please let this be a turning point.
  • #24,912
  • Nov 24, 2013 11:14pm Nov 24, 2013 11:14pm
Quoting carbonado
{quote} Thanks so much....another quick one...what is a point of control...POC
Point of Control is the price level where the most volume occurred from the previous day. Never really was my thing, if I am not mistaken that falls into Action Market Theory.

Here is a thread for AMT.

http://www.forexfactory.com/showthread.php?t=277528
  • #24,913
  • Nov 25, 2013 12:15am Nov 25, 2013 12:15am
Quoting Trappist
{quote} My specific question is , are the bars "testing demand" or "testing supply " on Eu chart ?
Testing supply. Those tests were testing for supply in the wide spread up bar in London. EU was still bullish from the buying that occurred on Nov 20th.

Quoting Trappist
{quote} i have another general question; -when price tries to break up through a resistance line, price is testing resistance -when price tries to break down through support line, price is testing support .
No, before price makes a push up and through resistance, it should test the support level below the resistance area. Once the market determines there are no sellers at support then it will make a run to push through resistance.

Quoting Trappist
{quote}Is "testing support" same action as "testing supply" ? Is "testing resistance" same action as "testing demand" ?
Testing support is the same as testing for supply.
Testing resistance is testing for demand.

Try not to make testing harder than it needs to be, focus on finding strength/weakness. Focus on the bars that have the wide spreads, ultra high volumes and watch how price reacts to the High/Close for bars with strength, and how price reacts to the Close/Low on the bars with weakness.
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  • #24,914
  • Nov 25, 2013 1:47am Nov 25, 2013 1:47am
Guys I newly started study of VSA. Any VSA comment for this chart?

NZDUSD 4HRS
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-milkeyway
  • #24,915
  • Nov 25, 2013 3:25am Nov 25, 2013 3:25am
Quoting kumaramy
Guys I newly started study of VSA. Any VSA comment for this chart? NZDUSD 4HRS {image}
comment1: where's the volume ?
  • #24,916
  • Nov 25, 2013 4:19am Nov 25, 2013 4:19am
Quoting anton609
{quote} comment1: where's the volume ?

I temporary removed it until capture screenshot.
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-milkeyway
  • #24,917
  • Nov 25, 2013 4:57am Nov 25, 2013 4:57am
thought i'd get my feet wet,
any corrections or observations are welcome.
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  • #24,918
  • Nov 25, 2013 5:20am Nov 25, 2013 5:20am
Quoting kumaramy
{quote} I temporary removed it until capture screenshot. {image}
being new, and without knowing the background, here is what i noticed right off.
the first reverse upthrust might also be stopping volume.
at this point, its all practice, practice, practice for me.
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  • #24,919
  • Nov 25, 2013 5:31am Nov 25, 2013 5:31am
Quoting anton609
{quote} being new, and without knowing the background, here is what i noticed right off. the first reverse upthrust might also be stopping volume. at this point, its all practice, practice, practice for me. {image}
http://www.tradeguider.com/mtm_251058.pdf
-milkeyway
  • #24,920
  • Nov 25, 2013 6:09am Nov 25, 2013 6:09am
Quoting anton609
{quote} being new, and without knowing the background, here is what i noticed right off. the first reverse upthrust might also be stopping volume. at this point, its all practice, practice, practice for me. {image}
Volume of bull candle C is greater than previous
Volume of bear candle B is smaller than C
Volume of bull candle A is greater than B
This represents market is bullish.
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-milkeyway
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