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VSA/Wyckoff Simplified

  • #121
  • Edited 4:11am Sep 11, 2012 2:55am | Edited 4:11am
LO
a new question to ask oneself as the day begins is: "what's there to the left of the chart? is there weakness or strength in the background?"

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  • #122
  • Sep 11, 2012 3:16am Sep 11, 2012 3:16am
Quoting tol
The volume of Forex in MT4? This finger in the sky! This is the first. And further, I ask do set up prior to the conclusion of the transaction, and not the search history then. I think that I still need to show the rules.
tol,

It's not the first...
See "Killing Zone" thread. Yet another VOLUME based technique.


carramch,
Interesting thread - I'll be a regular visitor here.
Thanks.

G.
  • #123
  • Edited 10:50am Sep 11, 2012 6:22am | Edited 10:50am
Quoting zackery
@slipshod:

What kind of Indi is the one from your attachment:
"EMZ".mq4 or ex.4 don't know ?
Thanks for a short info.
Greeds Zack
Its "Ease of Movement" which you can find described here: http://www.marketinout.com/technical_analysis.php?id=44

I couldn't find an MT4 indicator for it anywhere except for a nearly-functional version on the mql4.com forum, which I took and modified a bit to suit my own purposes (changes listed in the comments top of the file). I use it as confirmation of the OBV plus what I read from the candles & volume directly.

It was originally designed to run over a 14 candle period, but while that seems to work well on daily charts I find longer values are needed for intraday. On 15 & 5 minute I'm currently using 40 & 50 respectively.
Attached Image (click to enlarge)
Click to Enlarge Name: au-20120911-2.jpg Size: 105 KB
Attached File(s)
File Type: mq4 EaseOfMovement_v1.mq4   4 KB | 1,296 downloads
  • #124
  • Sep 11, 2012 6:38am Sep 11, 2012 6:38am
Quoting nicoacademia
LO
a new question to ask oneself as the day begins is: "what's there to the left of the chart? is there weakness or strength in the background?"

Attachment
Nico, that was a tough day to trade, being as it was a Monday following a Friday which saw substantial price movements. Some sort of consolidation/retrace was likely, but the market didn't want to move with any conviction - which to me said that another move upwards was more likely than not. Best thing to do was take Monday off & wait for Tuesday
  • #125
  • Sep 11, 2012 8:25am Sep 11, 2012 8:25am
My reading of AU today...
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  • #126
  • Sep 11, 2012 8:45pm Sep 11, 2012 8:45pm
Jack be nimble, Jack be quick, Jack jump off the right candlestick.

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  • #127
  • Sep 11, 2012 9:04pm Sep 11, 2012 9:04pm
Quoting slipshod
Nico, that was a tough day to trade, being as it was a Monday following a Friday which saw substantial price movements. Some sort of consolidation/retrace was likely, but the market didn't want to move with any conviction - which to me said that another move upwards was more likely than not. Best thing to do was take Monday off & wait for Tuesday
if we are flexible and open to what the market is telling us. there are pips to be had. got a 20pip to the downside and a 30pip to the upside.

focus solely on the chart.
  • #128
  • Sep 11, 2012 9:10pm Sep 11, 2012 9:10pm
Well done! I lost money on Monday, my advice to take a day off trading was to myself in retrospect
  • #129
  • Sep 11, 2012 9:41pm Sep 11, 2012 9:41pm
Quoting slipshod
Well done! I lost money on Monday, my advice to take a day off trading was to myself in retrospect
sympathies bro. we all have bad days. always do what makes u feel good. if its to skip. then skip. our emotional state will reflect our balance sheets.
  • #130
  • Edited Sep 12, 2012 3:10am Sep 11, 2012 10:09pm | Edited Sep 12, 2012 3:10am
Quoting nicoacademia
our emotional state will reflect our balance sheets.
Ain't that the truth!

... or is it the other way around?
  • #131
  • Sep 14, 2012 9:19am Sep 14, 2012 9:19am
Took me all week to recover from Monday's bad trades, but finally closed out with a profit thanks to some really strong trending over the last couple of days.

Haven't found much to post an analysis of, other than noting the typical spike down to clear out long stops on the Fed's news before the real move up. Hope everyone made plenty of pips, catch you all next week
  • #132
  • Sep 15, 2012 3:21am Sep 15, 2012 3:21am
Quoting nicoacademia
Jack be nimble, Jack be quick, Jack jump off the right candlestick.

Attachment
1. Hi can you please tell me what do you mean by SV?
2.How do you determine volume is high or low? is it just visual determination from histrogram or you consider it if it above 30 level or 20 period moving average then volume is high?
Regards,
Bedayan
  • #133
  • Edited 11:07am Sep 18, 2012 10:52am | Edited 11:07am
E/U 1h shows a high volume buy climax and a false break of previous high at 13:00 GMT. This makes Friday and Mondays range Distribution phase. Then 15m no demand at 14:15 GMT with the close below entry at 15:15 GMT. Distribution into mark down phase as shown in one of my previous posts about Wyckoff Phases.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #134
  • Sep 19, 2012 6:43am Sep 19, 2012 6:43am
Quoting carramch
E/U 1h shows a high volume buy climax and a false break of previous high at 13:00 GMT. This makes Friday and Mondays range Distribution phase. Then 15m no demand at 14:15 GMT with the close below entry at 15:15 GMT. Distribution into mark down phase as shown in one of my previous posts about Wyckoff Phases.
Whilst there is weakness there as you have outlined, I don't think this is a valid ND. It isn't a narrow spread and it makes a lower low than the previous bar. It's more of a hidden test that fails. So whilst it has the same end result this isn't a great example of a No Demand.

Just thought I should say something in case people start looking for bar formations like that as an example of a No Demand.
  • #135
  • Oct 3, 2012 10:37am Oct 3, 2012 10:37am
Call it what you want, it's a setup that's been working for me for a good while now.

Same kind of set up as last time. E/U 1h shows weakness in the background then a buy climax with high volume at 15:00 GMT. The 5m had a no demand at 16:45 GMT.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: live eu 5m 3.7-24.gif Size: 26 KB
  • #136
  • Oct 3, 2012 9:03pm Oct 3, 2012 9:03pm
good stuff carramch

maybe LightGreen or PaleGreen will be better for the background.
its kind of dark and blends with the bar outline colour black.

always love your postings.
  • #137
  • Mar 10, 2013 8:56am Mar 10, 2013 8:56am
Quoting Fed77
Эти индикаторы идут как дополнение к VSA!
Папка mpvl_v16.zip - содержит индикаторы Плюса (2 шт+библиотеки), показывающие...

Установка индикаторов
1. Закрыть терминал.
2. Скопировать все папки в папку experts терминала.
3. Запустить терминал.

Альтернативный вариант (безе перезапуска терминала)
1. Скопировать все папки в папку experts терминала.
2. Открыть редактор MetaEditor.
3. Открыть и скомпилировать индикаторы +VL и +MarketProfile

В архиве vlib.zip находятся исходные коды для библиотеки vlib.dll

---------------------------------
is there any text readable?
The Market pays you to be disciplined
  • #138
  • Oct 8, 2013 9:17am Oct 8, 2013 9:17am
Hi can you please tell me what do you mean by SV?

I am fron peru
  • #139
  • Feb 1, 2014 10:03am Feb 1, 2014 10:03am
Quoting alcontado_80
Hi can you please tell me what do you mean by SV? I am fron peru
Stopping Volume
Tracking the Specialists.
  • #140
  • Feb 1, 2014 10:04am Feb 1, 2014 10:04am
Hey Carramch great thread, are you still trading VSA bud?
Tracking the Specialists.
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