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vsa with Malcolm

  • #26,281
  • Jan 25, 2015 8:47am Jan 25, 2015 8:47am
This is my first attempt at a VSA related post so I decided to take this post, study it.All senior guides me
A Bar is Stopping Volume??
B bar Up Thrust??
C Market Shakeout ? ?
Where are my mistakes so you need me there seniors.
I want to expert in VSA
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  • #26,282
  • Jan 25, 2015 8:11pm Jan 25, 2015 8:11pm
Quoting Forex-pk
This is my first attempt at a VSA related post so I decided to take this post, study it.All senior guides me A Bar is Stopping Volume?? B bar Up Thrust?? C Market Shakeout ? ? Where are my mistakes so you need me there seniors. I want to expert in VSA {image}
Welcome to the VSA family.

The concepts are far more important than names.

A. I would call this a Shake Out. But what is most important is the price action we get on the High Volume. Price moves down but then is driven up to close near its high. This can only be a bar of strength. The fact that the next interval is up, confirms the strength on this bar,

B. I would call this a Hidden Up Thrust. An Up Thrust closes higher than the previous bar. When an Up Thrust closes lower than the previous bar, it is considered to be a "hidden" Up Thrust. The price action here is basically the opposite of the previous Shake Out. Price is driven up then collapses to close near the low on very high volume. If all the volume represented buying, then the close could not be near the low. This bar fails to confirm as the next bar actually closes up..

C. I would call this Demand Coming In. We have a wide spread down bar that closes in the middle on High Volume. This is a strong bar. While the volume is high, it is not as high as the volume on the Shake Out even as price re-enters the same area of the Shake Out. The next bar is equal, but the bar after that is a down bar on volume less than the previous two bars. No Supply.

Again, focus more on what the price/volume relationship is telling you than on the names of the bars themselves.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #26,283
  • Jan 26, 2015 2:02am Jan 26, 2015 2:02am
thanks Hiddengap to solve my problem this is another Good of hidden Upthrust example
Bar A : Hidden Upthrust
i give u example to clear my point
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  • #26,284
  • Jan 27, 2015 8:54am Jan 27, 2015 8:54am
Hi to all
today I was looking on GU but unfortunately havent traded and missed the opportunities. But I am still learning, what do you think about this?

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from hourly point of view I can take long on low volume pushtrough last resistence and also 61.8 fib.

I was also looking on M5

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If I was ready I went long on "A" bar - nosupply in previuos supply area (automatic rally)
Or on "B" bar - nosupply test after pushtrough
english isnt my mother tonque
  • #26,285
  • Jan 27, 2015 9:12am Jan 27, 2015 9:12am
Quoting wenaaa
Hi to all today I was looking on GU but unfortunately havent traded and missed the opportunities. But I am still learning, what do you think about this? {image} from hourly point of view I can take long on low volume pushtrough last resistence and also 61.8 fib. I was also looking on M5 {image} If I was ready I went long on "A" bar - nosupply in previuos supply area (automatic rally) Or on "B" bar - nosupply test after pushtrough
Yes completely agree
  • #26,286
  • Jan 27, 2015 9:12am Jan 27, 2015 9:12am
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  • #26,287
  • Jan 29, 2015 7:39am Jan 29, 2015 7:39am
Sometimes that test is no demand!

The background tells you. Also see the higher lows and lower lows. result form the upthrust, failure to move higher even thought they tried
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  • #26,288
  • Jan 29, 2015 3:15pm Jan 29, 2015 3:15pm
Short at 0.78014 after Phase E last point of supply.
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  • #26,289
  • Jan 29, 2015 5:00pm Jan 29, 2015 5:00pm
Quoting pete148
Sometimes that test is no demand! The background tells you. Also see the higher lows and lower lows. result form the upthrust, failure to move higher even thought they tried {image}

Hey Pete, hows it goin...... nice to see you're still posting and helping others.
Don't forge to tell people about the importance of background. Eg, a narrow spread bar closing in the upper half on low volume (ND), is only worth taking notice of if it's in the RIGHT PLACE (with weakness in the background). Otherwise, it's just noise.

Great to see this thread still open and active. Well done guys.

HG, surely you're too old for this now!!!!!!!!!!!!
  • #26,290
  • Jan 29, 2015 5:41pm Jan 29, 2015 5:41pm
All of us people, using vsa since more than 4 years what can say us?


Try keep it simple..
Trading 24/h
  • #26,291
  • Jan 29, 2015 9:12pm Jan 29, 2015 9:12pm
Quoting Forex-pk
thanks Hiddengap to solve my problem this is another Good of hidden Upthrust example Bar A : Hidden Upthrust i give u example to clear my point {image}
Anyone can guide me this is hidden upthrust ryt or wrong??
  • #26,292
  • Jan 30, 2015 1:32am Jan 30, 2015 1:32am
Quoting Intel
{quote} Hey Pete, hows it goin...... nice to see you're still posting and helping others. Don't forge to tell people about the importance of background. Eg, a narrow spread bar closing in the upper half on low volume (ND), is only worth taking notice of if it's in the RIGHT PLACE (with weakness in the background). Otherwise, it's just noise. Great to see this thread still open and active. Well done guys. HG, surely you're too old for this now!!!!!!!!!!!!
Now there's a name I haven't seen around here in a very long time!

How's tricks?
  • #26,293
  • Jan 30, 2015 9:16am Jan 30, 2015 9:16am
Quoting HiddenGap
{quote}
Quoting Intel
{quote}
Quoting KinsaleForex
{quote}
Holy cow... blast from the past! Now if Malc, Dr G and Beljevina (and I guess maybe Steve) come back as well we might just have a reunion party!

Hope all is well with with everyone new and old here at the ol' VSA forum.
Today's zone = Tomorrow's opportunity!
  • #26,294
  • Jan 30, 2015 9:36am Jan 30, 2015 9:36am
Quoting pres78
{quote} {quote} {quote} Holy cow... blast from the past! Now if Malc, Dr G and Beljevina (and I guess maybe Steve) come back as well we might just have a reunion party! Hope all is well with with everyone new and old here at the ol' VSA forum.

All of us are still using VSA , it is awesome
Trading 24/h
  • #26,295
  • Jan 31, 2015 5:56pm Jan 31, 2015 5:56pm
everyone is posting just one chart -
are people looking at the bigger charts or are you using just one chart ?
the kill rate will rise greatly if you look at the back ground of the larger charts

ie
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  • #26,296
  • Jan 31, 2015 6:33pm Jan 31, 2015 6:33pm
Quoting TEB63
everyone is posting just one chart - are people looking at the bigger charts or are you using just one chart ? the kill rate will rise greatly if you look at the back ground of the larger charts ie {image}

I'll always do a top down approach, W,D,4H,1H. Wait for the signal in the 1H then execute from a M5 timeframe to attempt to get in at the 'right' moment. However as we all know in trading that's nearly impossible to perfectly execute but I guess we can all try!!

Btw I'd highly recommend Roman Bogomazov from Golden Gate University and his advanced Wyckoff course. He's a true Wyckoffian, perhaps not a purist but really does know his stuff.

Here's a little taste of his webinars:
Inserted Video


He was a student of Dr Hank Pruden, who's book on 'Three Skills of Top Trading' is a great read and integrates crowd behavioural economics, psychology and Wyckoffian technical strategy beautifully.

Also I love David Weiss' book, 'Trades about to happen'

Just thought I'd share a part of my learning journey to give others a bit of direction if they're interested in the subject.
  • #26,297
  • Jan 31, 2015 6:41pm Jan 31, 2015 6:41pm
Quoting TEB63
everyone is posting just one chart - are people looking at the bigger charts or are you using just one chart ? the kill rate will rise greatly if you look at the back ground of the larger charts ie {image}
I have saw all days ur post, but u allways use 3 charts 1 h, 15m and 3m.

and for ur post i see it works for you in many pairs.
Trading 24/h
  • #26,298
  • Feb 1, 2015 5:04am Feb 1, 2015 5:04am
Quoting olambeth
Short at 0.78014 after Phase E last point of supply. {image}
where this better volume 1.5 comes from? what is difference to 1.4? are you going to post it?
The Market pays you to be disciplined
  • #26,299
  • Feb 1, 2015 5:50am Feb 1, 2015 5:50am
Quoting olambeth
{quote} I'll always do a top down approach, W,D,4H,1H. Wait for the signal in the 1H then execute from a M5 timeframe to attempt to get in at the 'right' moment. However as we all know in trading that's nearly impossible to perfectly execute but I guess we can all try!! Btw I'd highly recommend Roman Bogomazov from Golden Gate University and his advanced Wyckoff course. He's a true Wyckoffian, perhaps not a purist but really does know his stuff. Here's a little taste of his webinars: https://www.youtube.com/watch?v=fA-5kS8HLio He was...

yes I am aware of him.
Personally I do like trade guider better - its simpler then true Wyckoff.
For a number of reasons
I find even TG needlessly complex.
But both have lots of great stuff!!

But the 3 or more back ground charts I think is a key!

cheers
  • #26,300
  • Feb 1, 2015 6:23am Feb 1, 2015 6:23am
That's cool, Wyckoff can be communicated in many forms with all having a positive impact.

True Wyckoff doesn't take too long to get the old head around it though. Personally it's allowed me to have a greater understanding on the meaning of each phase of the market structure.

Each to their own.
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