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vsa with Malcolm

  • #25,701
  • Oct 28, 2014 3:48pm Oct 28, 2014 3:48pm
Quoting HiddenGap
{quote} Great chart my friend. Those MM lines are great. Here's a look at the 3 min. I placed a line on the top of the High volume bar which corresponds to the stopping volume. Some Price/Volume traders call this a Order flow line (or Trigger number). There an a number of posts in here that state: ..You want for price to trade above the trigger line (order flow line) and then start to move back down towards it. As is moves towards, the line from above, you look for a low volume test....... Since the trigger number (order flow line) is based on a...
You are one smart dude. I've learned a lot from you already just by reading some of your posts and that's why I decided to follow you in this community. I'm surrounding myself with the great and wise ones!

It's time we stop entertaining ourselves and start realizing ourselves!
  • #25,702
  • Oct 29, 2014 12:29am Oct 29, 2014 12:29am
Quoting moneyflow21
{quote} You are one smart dude. I've learned a lot from you already just by reading some of your posts and that's why I decided to follow you in this community. I'm surrounding myself with the great and wise ones!
welcome you are not the only one . also learned a lot from HG
Think Twice Low Volume is Key to Success
  • #25,703
  • Oct 29, 2014 3:56am Oct 29, 2014 3:56am
What i am seeeing in GJ. Not sure if its shortening of the thrust
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  • #25,704
  • Oct 29, 2014 4:23am Oct 29, 2014 4:23am
As per the previous chart. the climax volume, demand over coming supply. The small ns. For some reason I read the bar as a nd, and shorted it
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  • #25,705
  • Oct 29, 2014 7:33am Oct 29, 2014 7:33am
Quoting pete148
As per the previous chart. the climax volume, demand over coming supply. The small ns. For some reason I read the bar as a nd, and shorted it {image}
The bar was a test.
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  • #25,706
  • Oct 29, 2014 7:36am Oct 29, 2014 7:36am
Yet market not playing nice, with FOMC later.

This is the market the way I see it
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  • #25,707
  • Oct 29, 2014 7:38am Oct 29, 2014 7:38am
Quoting SimpleDev
{quote} The bar was a test. {image}
Great to see we see the market the same way. Yeah at the time it printed I wasnt sure,
but at the same time had to make my decision.
  • #25,708
  • Oct 29, 2014 8:21am Oct 29, 2014 8:21am
Always a time in the day where I lose concentration and miss a lovely trade
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  • #25,709
  • Oct 29, 2014 9:05am Oct 29, 2014 9:05am
Quoting pete148
As per the previous chart. the climax volume, demand over coming supply. The small ns. For some reason I read the bar as a nd, and shorted it
That's a tricky bar. The technical definition of No Demand would be a narrow range bar that closes UP on volume less than the previous two intervals. The technical definition of No Supply would be a narrow range DOWN bar on volume less than the previous two intervals. However, a No Demand bar can close DOWN if it is making a higher high than the previous bar, and No Supply can close UP if it is making a lower low than the previous bar. Some focus solely on the close and ignore all "Hidden" Up Thrust, "Hidden" Tests, "Hidden" No Demands and "Hidden" No Supply.

I would have called that a No Demand myself, since it is making a higher high and not a lower low than previous bar. This makes the interval what many would call a "buying bar". The psychology of the bar is bullish to the uninformed, and therefore a great bar for the Smart Money to use to manipulate the herd.

It is not very unusual to see a No Demand (Hidden or otherwise) at the start of a new up trend. Tom talks about this in his book.

If you place your entry at the low of a No Demand bar (or Hidden No Demand), then you would not have gotten filled in this instance. Since the bar did not trade lower. Your interpretation would thus be that the No Demand was unconfirmed as the next interval did not trade down. There is a lot of strength in the background with some Stopping Volume and a Shake Out. Yet, if you wanted to go short ,as the trend was technically still down, placing your entry at the low of the ND would be the best way to go.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25,710
  • Oct 29, 2014 9:33am Oct 29, 2014 9:33am
HiddenGap, youre right. With strength and succesful tests, be wary of nd bars, Polar bear in miami . hey.
  • #25,711
  • Oct 29, 2014 9:36am Oct 29, 2014 9:36am
Still trading forex with volume! You bunch of crazy bastards!

I love seeing those trigger lines HG and SimpleDev...

Hey SD great to see the lightbulb went off for you on what Tom was saying about the low risk entries. No / low volume where there once was great volume gives great entries.
Today's zone = Tomorrow's opportunity!
  • #25,712
  • Oct 30, 2014 1:27am Oct 30, 2014 1:27am
Quoting pres78
Still trading forex with volume! You bunch of crazy bastards!
Just need 1pipperhour and Kinsale and it will be like old times.
  • #25,713
  • Oct 30, 2014 5:31am Oct 30, 2014 5:31am
So the question is, Am I reading this right, that even with the SOT the CM is bullish? Seeing that he bought up all the supply after fomc and tested it on the 1H.
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  • #25,714
  • Oct 30, 2014 9:14am Oct 30, 2014 9:14am
Quoting SimpleDev
{quote} Just need 1pipperhour and Kinsale and it will be like old times.
Ha! I'm lurking in the background. Switched to a new account and started trading again recently. Had a good start but been on a crap run the last couple of weeks.
  • #25,715
  • Oct 30, 2014 12:40pm Oct 30, 2014 12:40pm
Just gonna leave this here
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  • #25,716
  • Oct 30, 2014 11:27pm Oct 30, 2014 11:27pm
Quoting pete148
So the question is, Am I reading this right, that even with the SOT the CM is bullish? Seeing that he bought up all the supply after fomc and tested it on the 1H.{image}{image}
I am curious to see what HiddenGap has to say about this.

I don't have anything to say about the 1h, its messy and all over the place. The 4h seem straight forward enough, after the stopping volume price has been in a nice up trend and reacting well off strength.

On Oct 28 weakness hit the market but price went sideways for 16 hours, not much reaction which seems bullish.
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  • #25,717
  • Oct 31, 2014 1:54am Oct 31, 2014 1:54am
Quoting SimpleDev
{quote} I am curious to see what HiddenGap has to say about this. I don't have anything to say about the 1h, its messy and all over the place. The 4h seem straight forward enough, after the stopping volume price has been in a nice up trend and reacting well off strength. On Oct 28 weakness hit the market but price went sideways for 16 hours, not much reaction which seems bullish. {image}
I was told that, the selling at your 4th marked bar was just more profit taking, look at the volume. The range that follows is absorption. Like refuelling your car. Even though the range does need some more bullish bar and higher closes on the bars. Rather wait for the markup and trade the retest.

Edit: gosh just looked at the chart.
  • #25,718
  • Oct 31, 2014 2:22am Oct 31, 2014 2:22am
Wow! What a chart!

Here's the 240 min (4 hour) chart.

Why would one want to be anything but long? Until we see volume on the upside about equal to the stopping volume, the odds favor price moving up.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #25,719
  • Oct 31, 2014 4:12am Oct 31, 2014 4:12am
I could confused already because I saw shortening of the thrust, but only to realise later that a rising pennent isnt really SOT. But a bullish sign of absorbtion. Most absorptions will have a pennant look to them
  • #25,720
  • Oct 31, 2014 5:08am Oct 31, 2014 5:08am
Quoting HiddenGap
Wow! What a chart! Here's the 240 min (4 hour) chart. Why would one want to be anything but long? Until we see volume on the upside about equal to the stopping volume, the odds favor price moving up. {image}
you are right but its hard not to find strength when trading against the JPY right now
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