vsa with Malcolm | Page 1309 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VSA-divergence trading 187 replies

How to Blow $200 account using VSA--- 594 replies

VSA Journal 57 replies

VSA broker history change datas 11 replies

Attachments: vsa with Malcolm
Exit Attachments

vsa with Malcolm

  • #26,161
  • Dec 5, 2014 5:09am Dec 5, 2014 5:09am
Quoting pete148
{quote} Why? in which currency?
A few years ago in the private VSA forum (back before it got hacked ) HiddenGap warned me of the perils of trading with a bias. I thought at the time with VSA you had to have a bias because you have to ignore SOW with accumulation in the background etc...

So with that mindset I snapped back at HG and asked him how was I suppose to know what direction to trade without a bias. HG never replied, probably because getting rid of the bias is a mindset more than something that can be explained. And also I think HG just likes to make me think for myself.

There is another thread that on FF that uses(d) volume. Not going to name any names but it was one of the more popular threads on FF till a bunch of people blew up their accounts because they all kept averaging down their losers. The guy would make lengthy posts how the MMs were manipulating the market and how they were still bullish and they were only manipulating price down temporarily all while he was 400+ pips down. This is what happens when you trade with a bias.

My opinion is keep it simple.
Find SOS or SOW
Wait for the trend change
Find an entry bar
And finally find some sort of method that allows you to cut your losers quickly and lets you hold on to your winners.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 88 KB


If your trade work then great! If not forget about it and move on.
  • #26,162
  • Dec 5, 2014 5:14am Dec 5, 2014 5:14am
Quoting SimpleDev
{quote} A few years ago in the private VSA forum (back before it got hacked ) HiddenGap warned me of the perils of trading with a bias. I thought at the time with VSA you had to have a bias because you have to ignore SOW with accumulation in the background etc... So with that mindset I snapped back at HG and asked him how was I suppose to know what direction to trade without a bias. HG never replied, probably because getting rid of the bias is a mindset more than something that can be explained. And also I think HG just likes to make me think...
hehe...yesterday was perfect day to earn lot of easy pips

if you put on your graph SMA 21, you will see how to trade pullback in trend, in this case NS bars I made 450+ pips yesterday trading EU GU during news
do whatever the fuck you want to do !
  • #26,163
  • Dec 5, 2014 5:35am Dec 5, 2014 5:35am
Quoting SimpleDev
{quote} A few years ago in the private VSA forum (back before it got hacked ) HiddenGap warned me of the perils of trading with a bias. I thought at the time with VSA you had to have a bias because you have to ignore SOW with accumulation in the background etc... So with that mindset I snapped back at HG and asked him how was I suppose to know what direction to trade without a bias. HG never replied, probably because getting rid of the bias is a mindset more than something that can be explained. And also I think HG just likes to make me think...
here it is your idea with my SMA 21 + some more entries even for short side

you just need to know read charts and volume, futures volume was much more better though
Attached Image (click to enlarge)
Click to Enlarge Name: tg136.png Size: 80 KB
do whatever the fuck you want to do !
  • #26,164
  • Dec 5, 2014 5:56am Dec 5, 2014 5:56am
Quoting icantmilk
{quote} here it is your idea with my SMA 21 + some more entries even for short side you just need to know read charts and volume, futures volume was much more better though {image}
Yup..

I traded VSA and 21 SMA for 3 years or so. Started out using it as a moving S/R and then to identify trends.

These days I focus more on keeping myself in the trade, and for me chandelier does the job. I still struggle to see ND tops where the market comes off and no stopping volume in sight.

No real point in keeping both SMA and chandelier on the chart just clutters it up.
  • #26,165
  • Dec 5, 2014 6:17am Dec 5, 2014 6:17am
Quoting TEB63
{quote} what? vsa always trades with a bias - what do you think their alerts are? you take the bias off the larger charts - that is the point !! always trade with the larger charts--- bias!! sounds like the issue with the group you speak about was MM not bias Issue the SM and bais 1. they are right more then DM but they are not omniscient - lol lol 2. there is always a bigger shark in the sea same with SM - Big SM take out the small sm -we see this on bigger time frames bigger the shark (SM) the bigger the time frame they swim in. ie, we can see...
I had this mind set for years, and even now I still struggle a bit with it.

If this works for you then I am happy. But the point I am conveying that bias has the potential for greater loss and missed opportunity.

I trade one time frame and I look setups rather than what I "think" the SM or the DM is doing. This is what works for me rather than wracking my brain because a trade failed and I was so sure after seeing multiple signs of weakness while the market pushes up.
  • #26,166
  • Edited 7:28am Dec 5, 2014 7:05am | Edited 7:28am
trading with bias
I had a bias when I put on the trade
(A) pound strongest
(B) jpy weakest

I need confirmation from charts

Hour chart
bar 1 - big rejection on very hi volume - SC
bar 2 to 5 - Effort to Rise - better yet on high volume
trend is up

15 min chart
trend is up
bar 6 & 7 - Effort to Rise
bar 8 - ND on low volume - trigger bar

3 min chart
bad entry
trend is up
Bar 9 - I missed a 2nd better entry - had to take dog out -- lol

I am only taking quick trades before nfp
Attached Image (click to enlarge)
Click to Enlarge Name: trade bais 1.PNG Size: 129 KB
  • #26,167
  • Dec 5, 2014 7:34am Dec 5, 2014 7:34am
Well all those shorts from Wednesday, and late yesterday were stopped out last nights. Now its pain!! time.

And good to see you guys back.

Dont turn this into a chat room, threads DIE when chat rooms are created
  • #26,168
  • Dec 5, 2014 10:20am Dec 5, 2014 10:20am
Quoting pete148
{quote} Why? in which currency?
EU
Greetings, BeLikewater
  • #26,169
  • Dec 8, 2014 1:14am Dec 8, 2014 1:14am
Quoting TEB63
Bias is Usd Up Nzd is Down Hour chart 1. Trend is down 2. We have SOW 3. We have a TOB 15 min chart 1. Trend is down 2. We have SOW 5 min chart 1. Trend is down 2. We have @ lest 9 SOW and entries {image}
  • #26,170
  • Dec 8, 2014 6:31pm Dec 8, 2014 6:31pm
I think this is an indicator all VSAers must have. I got it by chance and want to share for you all. Using it, you will have multi-periods real time MT4 charts, and you could apply any indicator or template to the new chart. To use it, please remember check the "Allow DLL imports" box, and you will find a new chart as an offline chart, just open offline from the menu. To make it work, you cannot close the chart where this indicator apply to. That's it!
Attached File(s)
File Type: mq4 PeriodConverterIndicator.mq4.mq4   11 KB | 693 downloads
  • #26,171
  • Dec 9, 2014 1:27am Dec 9, 2014 1:27am
Quoting polomine
I think this is an indicator all VSAers must have. I got it by chance and want to share for you all. Using it, you will have multi-periods real time MT4 charts, and you could apply any indicator or template to the new chart. To use it, please remember check the "Allow DLL imports" box, and you will find a new chart as an offline chart, just open offline from the menu. To make it work, you cannot close the chart where this indicator apply to. That's it! {file}


what is this ?

Are you giving the tradeguider chart set up?
it is in fact quite simple.
  • #26,172
  • Dec 9, 2014 3:49am Dec 9, 2014 3:49am
Quoting TEB63
{quote} what is this ? Are you giving the tradeguider chart set up? it is in fact quite simple.
Its so that you can have any tf chart in mt4 like 10m charts etc
  • #26,173
  • Dec 9, 2014 12:33pm Dec 9, 2014 12:33pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 175 KB
  • #26,174
  • Dec 9, 2014 1:21pm Dec 9, 2014 1:21pm
Quoting pete148
{image}
definetly long

we have NS bars on green diamonds....why short in UP trend with strenght in BG ? where you see low volume down bars
Attached Image (click to enlarge)
Click to Enlarge Name: tg137.png Size: 51 KB
do whatever the fuck you want to do !
  • #26,175
  • Edited 10:37pm Dec 9, 2014 3:39pm | Edited 10:37pm
TradeGuider look alike

If you want to have a system that work like the diamond and volume try the below
- There maybe a few other small rules - but you will be amazed how close the below will come

A. Basic 'Diamond Indicator'
Uses a 5 period MA as its default. - its easy to eyeball it
(Personally I think 5 SMA is to fast on just one chart even 2 charts- if you are using the 3 charts they recommend its likely ok)

 

  1. Logic:

If Price closes below the MA a red diamond will paint in Trade Station.
If Price closes above the MA a green diamond will paint.

 

  1. Notes:

1. white diamond: warning of a possible trend change and that is the white diamond.
(a) If you're in a downtrend, closing below the MA then all of a sudden you get a close above the MA that would paint you a white diamond.
If price then reversed and closed below the MA on the following bar, this would also be a white diamond.
(b) In order for either the red or green diamond to paint, it will need to be a 2nd close on that side of the MA since the 1st will be white.
2. If the MA goes from down to up then it goes red to green immediately.
3. If it is still down but the close is above then it will go white.
4. If a Bar move down in an downtrend taking out two or more bar's lows and closes diamonds will go right to red.

B. Relative Volume Band Code
Average range is just a 15 bar EMA.
Very High Band is 1.75 times the 15 EMA.
Very low range is 0.25 times the 15 EMA
( I use B Bands 14 .75)

  1. Logic:

  1. Any reading equal to the upper band = Very High Volume.
  2. Any reading above the upper band = Ultra High Volume
  3. Any reading between the middle band (average) and upper band = High Volume
  4. Any reading around the middle band = Average Volume
  5. Any reading in the area below the average band and the lowest band = Low Volume
  6. Any reading below the bottom band = Very Low Volume

  • #26,176
  • Edited 4:39pm Dec 9, 2014 3:44pm | Edited 4:39pm
here is a trade I took with the above rules -
I closed it early- price will drop.

I did - 30 min 10 min & 2 min charts
This was fast and I had little time this afternoon
I used the 5 sma just like the diamonds
and BBands just like their volume
Attached Image (click to enlarge)
Click to Enlarge Name: tradeguider system.PNG Size: 119 KB
  • #26,177
  • Dec 9, 2014 6:45pm Dec 9, 2014 6:45pm
Quoting icantmilk
{quote} definetly long we have NS bars on green diamonds....why short in UP trend with strenght in BG ? where you see low volume down bars {image}
Tada!!. So many people would short that chart. Long is definitly the right answer
  • #26,178
  • Dec 10, 2014 8:15am Dec 10, 2014 8:15am
where do you think the jpy crosses are going?
Attached Image (click to enlarge)
Click to Enlarge Name: jap on curr ss.PNG Size: 112 KB
  • #26,179
  • Dec 11, 2014 12:31pm Dec 11, 2014 12:31pm
To bad this tread is dead!
it was a good one
  • #26,180
  • Dec 12, 2014 12:21am Dec 12, 2014 12:21am
Thanks for starting this thread. I am definitely interested in learning as much as possible in regards to VSA's. As a new trader, I'm looking forward to seeing your posts and principles. Thanks for sharing!
96 traders viewing now