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vsa with Malcolm

  • #25,521
  • May 14, 2014 10:28pm May 14, 2014 10:28pm
Hi everyone. Long time lurker, first time poster.

This may not be relative to VSA but since the topic came up I'd like to share some wisdom that I not too long ago acquired. RE: Options " It's hard enough to analyze whether a market will rise or fall; we don't need to add when it will happen". i unfortunately forget where I got the insight, but I suppose it's a general feeling.
  • #25,522
  • May 14, 2014 11:55pm May 14, 2014 11:55pm
Does anyone use smart vsa here? OR any VSA indi / tool at expert / pro level?
Hello World!
  • #25,523
  • May 15, 2014 2:07am May 15, 2014 2:07am
Quoting ClockTrader
Does anyone use smart vsa here? OR any VSA indi / tool at expert / pro level?
Do you really want to shell out 400 bucks for a piece of software that tells you down bars are strength or up bars are weakness?

No indis for VSA, VSA is used to read the market as it unfolds. When the market is being bought or sold it takes time and this is were if someone did use an indi it would fail.
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  • #25,524
  • May 15, 2014 2:10am May 15, 2014 2:10am
UCAD
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  • #25,525
  • May 15, 2014 2:31am May 15, 2014 2:31am
AJ
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  • #25,526
  • May 15, 2014 3:30am May 15, 2014 3:30am
Quoting SimpleDev
{quote} Do you really want to shell out 400 bucks for a piece of software that tells you down bars are strength or up bars are weakness? No indis for VSA, VSA is used to read the market as it unfolds. When the market is being bought or sold it takes time and this is were if someone did use an indi it would fail. {image}
Thanks for trying to educate me, nevertheless, my question remains unanswered. I'll tweak it and put here again:

Does anyone here use smart vsa like an expert / pro?
Hello World!
  • #25,527
  • May 15, 2014 3:33am May 15, 2014 3:33am
Daily and 4h you can get a really good idea whats going on.
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  • #25,528
  • May 15, 2014 3:35am May 15, 2014 3:35am
Quoting ClockTrader
{quote} Thanks for trying to educate me, nevertheless, my question remains unanswered. I'll tweak it and put here again: Does anyone here use smart vsa like an expert / pro?
No. You would probably want to go visit Shamus's thread for more information.

http://www.forexfactory.com/showthread.php?t=157629
  • #25,529
  • May 15, 2014 10:25am May 15, 2014 10:25am
Quoting ClockTrader
Does anyone use smart vsa here? OR any VSA indi / tool at expert / pro level?
Hello ClockTrader,

I am a fan of your gold thread. I hope to post there a bit more often.

I believe most here would say that to learn VSA, one does not need any indi or tool. Most would also say that Smart is no more VSA than Hawkeye Traders. Which is to say not very much.

To be sure, there is a lot of bastardization of VSA in this thread, but there is also a concerted effort to stay true to its essence. Don't get bogged down in the nomenclature, and just focus on the basic concepts.

If you are dead set on Smart, there is a thread in the commercial section.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25,530
  • May 15, 2014 10:44am May 15, 2014 10:44am
Quoting HiddenGap
{quote} To be sure, there is a lot of bastardization of VSA in this thread.
Sorry...
Today's zone = Tomorrow's opportunity!
  • #25,531
  • May 15, 2014 1:14pm May 15, 2014 1:14pm
Quoting pres78
{quote} C) If you don't trade Forex with volume, nor believe it has any value for you and your trading style don't waste your time visiting threads based around using volume to trade Forex.
Well stated Pres !

This seems to be a common accurance throughout FF.

Things that make ya go ... mmmmmm

TSD
  • #25,532
  • May 15, 2014 1:18pm May 15, 2014 1:18pm
Quoting SimpleDev
{quote} Do you really want to shell out 400 bucks for a piece of software that tells you down bars are strength or up bars are weakness? No indis for VSA, VSA is used to read the market as it unfolds. When the market is being bought or sold it takes time and this is were if someone did use an indi it would fail. {image}
can you please tell me that bar you marked as weakness .. i think it closed above previous WRB selling bar you marked and a bar before this weakness bar was down bar with low volume... to me this was a stopping bar..and next as you mentioned strength but price fall.. so please guide me on this chart because i was looking that too.. thanks in advance
Think Twice Low Volume is Key to Success
  • #25,533
  • May 15, 2014 6:51pm May 15, 2014 6:51pm
Quoting HiddenGap
To be sure, there is a lot of bastardization of VSA in this thread.
Quoting pres78
{quote} Sorry...
Seconded....


Unbelievable that the most activity on this thread in two weeks or so coincides with the day that my trading comp decides to black screen and tell me that "Windows Explorer is fucked". At least, i'm pretty sure that's what it said!

Will have to reinstall tomorrow
  • #25,534
  • Edited 10:36pm May 15, 2014 8:12pm | Edited 10:36pm
Quoting pres78
{quote} Sorry...
Actually, I was referring to myself .
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25,535
  • May 15, 2014 10:18pm May 15, 2014 10:18pm
Quoting classix
{quote} can you please tell me that bar you marked as weakness .. i think it closed above previous WRB selling bar you marked and a bar before this weakness bar was down bar with low volume... to me this was a stopping bar..and next as you mentioned strength but price fall.. so please guide me on this chart because i was looking that too.. thanks in advance
I am not sure what you are asking here, so I will break this chart down in detail and hopefully that answers your question.

Bar 1: Wide spread up bar, volume isn't that impressive but the spread should tell us something is happening.
Bar 2: Up bar same volume as bar 1 and a narrower spread, supply is coming in.

Now bar 1 and 2 show weakness, but GU has been trending up for some time, I would not be looking for shorts yet. If I was long I would be looking to take partial profits due to the spread of bar 1.

Bar 3: Is this the down bar on low volume you are asking about? It could be seen as a SOS.
Bar 4: A weak up bar closing on the lows.

Right now your background is bar 1, 2 and 4. The trend is still up, there is no result from effort here. Still a bad idea to short. If I saw bar 3 as a SOS I would be discouraged immediately by bar 4. In a bull market price would push through bar 4 quickly because it wouldn't want to attract anymore sellers.

Bar 5: This is stopping volume, stopping volume is massive volume that stops a move. If you still have any longs, you want to be out here.

Bar 5 does look like strength here, when you see massive volume on a 4h chart, you want to sit on your hands for a day or two to see how price reacts to it. Price falls the next day away from bar 5. We now have results from the effort.


Bars A, B and C are weak bars and the market has proven its weak. They are ideal places to start shorting. I missed these bars due to playing with other pairs. I ended up shorting bar D for this move.


As for what GU is doing right now, we saw a wide spread down bar on bar 7, and bar 8 is another SOS. 6730-6750 is a good area to watch for demand. With 6810 right now being the supply line. Be patient and watch the market unfold to see whether you see more demand or supply and finally for price to break out of this area.
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  • #25,536
  • May 17, 2014 12:18am May 17, 2014 12:18am
Quoting SimpleDev
Bar 3: Is this the down bar on low volume you are asking about? It could be seen as a SOS. Bar 4: A weak up bar closing on the lows. Right now your background is bar 1, 2 and 4. The trend is still up, there is no result from effort here. Still a bad idea to short. If I saw bar 3 as a SOS I would be discouraged immediately by bar 4. In a bull market price would push through bar 4 quickly because it wouldn't want to attract anymore sellers.
yes exactly what i want to ask. it was from bar 3. sorry for my English.
Quote
Bar 5: This is stopping volume, stopping volume is massive volume that stops a move
it was my mistake i was considering bar 4 as a stopping volume to stop the move to downside no more sellers..
can we see stopping volume after several bars? or it should be only on next bar , i mean bars close to each other?.
thank you so much.. every one here on this thread is kind..
Think Twice Low Volume is Key to Success
  • #25,537
  • Edited 11:07pm May 17, 2014 10:53pm | Edited 11:07pm
Quote
To be sure, there is a lot of bastardization of VSA in this thread,


Is this Wyckoff-VSA MBA one of VSA bastardization too ?
  • #25,538
  • May 17, 2014 11:47pm May 17, 2014 11:47pm
Quoting classix
can we see stopping volume after several bars? or it should be only on next bar , i mean bars close to each other?. thank you so much.. every one here on this thread is kind..
You can see stopping volume as soon as the bar is completed. The stopping volume should be one of the highest volume bar on your chart.
  • #25,539
  • May 17, 2014 11:50pm May 17, 2014 11:50pm
Quoting HiddenGap
{quote} Actually, I was referring to myself .
HG if you are going to post here then the very least you could do is throw us some of those chart dumps of yours!!

  • #25,540
  • May 17, 2014 11:55pm May 17, 2014 11:55pm
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