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vsa with Malcolm

  • #26,501
  • Mar 22, 2015 7:37am Mar 22, 2015 7:37am
Friday's London open EU 3M (chart porn)

These aren't ideal VSA bars, and there were better setups in other markets, but well done is in order for those who got long off this after considering the strength in the background.

I think 1 was stopping volume; 2 was a compression bar the market interpreted as a test; 3 was a shake out/test, and 4 was confirmation of 3. Following were lower volume tests and reversals.

Please don't take my ideas as definitive of vsa. The writings of the various vsa authors are instructive and useful.
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  • #26,502
  • Mar 23, 2015 10:15am Mar 23, 2015 10:15am
Hey peoples, I just wrote out a scenario and explanation for my own understanding as much as anything, but I thought I'd share it for the benefit of others and to be checked by more knowledgeable practitioners! I became slightly puzzled by low volumes at areas of support and resistance, as I was expecting to see a higher volume reaction, leading to a battle between buyers and sellers followed by a reaction. Instead I'm often seeing low volume.

Quote
Scenario:
An up move is in progress, each bar looks healthy and volume is fairly consistent. At an expected level of resistance, volume is lower.
--------------------
Explanation:
Usually you'd expect to see higher volume come in at the area of resistance as sellers come into the market to meet the buyers.

So lower volume is highly suspicious. There must be more selling in this area than in previous bars because it's a level of resistance. So there should be increased volume as there is increased selling in addition to the buying volume, therefore the lower volume must be because buying has substantially decreased. This lack of interest in buying is likely a test of the market. Low volume here means there is little selling (selling is resistance to upward motion) so the buyers resume their buying and the up move continues.
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,503
  • Mar 24, 2015 3:18am Mar 24, 2015 3:18am
you can very well figure out what happened in the background.

yeah there's an upthrust in the background but if it closes right here where it is now, that would be SoS.

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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #26,504
  • Mar 25, 2015 12:25am Mar 25, 2015 12:25am
here was my chart analysis . i lost on this trade because of upthrust 3 hours before London open and not reversed my position.
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Think Twice Low Volume is Key to Success
  • #26,505
  • Mar 25, 2015 1:34am Mar 25, 2015 1:34am
XAUUSD M15

Beautiful, like taken out from Tom Williams book.

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  • #26,506
  • Mar 25, 2015 7:54am Mar 25, 2015 7:54am
Finding it's more helpful to think of "NS" and "ND" as "Potential No Supply" and "Potential No Demand", until confirmed.

Lovely setup forming on UJ now.
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"Never Take a Trade You Don't Understand!" - Pres78
  • #26,507
  • Mar 25, 2015 9:26am Mar 25, 2015 9:26am
Quoting HiddenGap
#1: Because we have a wide spread interval that closes off its low on climatic volume (black), this is Climatic Action....

Hi HG


of late I was going through some of your old posts, here are some lines from a post of yours: "This is a wide spread down candle on very high volume. Note that the close is slightly off the low. This is an effort to fall."

here's the link to that post of yours: http://www.forexfactory.com/showthread.php?t=157629&page=279

now why would you mention if its slightly off the low? I mean if a wide spread down bar has closed in the middle it is worth noticing (that's what I feel) but what difference it would of made if the bar had closed on the low & not slightly off the low?

Thanks
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #26,508
  • Mar 25, 2015 9:42am Mar 25, 2015 9:42am
Also looked on UJ on M5 and taken fast scalp

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A - climactic action in previous support
B - nice NS - but unfourtunatelly I have been watching a youtube video and talking with friend :-/
C - succesfull pushtrough on medium increasing volume and increasing spread with upperclose
D - NS/low vol test on AR turned into support
english isnt my mother tonque
  • #26,509
  • Mar 25, 2015 11:37am Mar 25, 2015 11:37am
Quoting Vcv13
{quote} Hi HG of late I was going through some of your old posts, here are some lines from a post of yours: "This is a wide spread down candle on very high volume. Note that the close is slightly off the low. This is an effort to fall." here's the link to that post of yours: http://www.forexfactory.com/showthread.php?t=157629&page=279 now why would you mention if its slightly off the low? I mean if a wide spread down bar has closed in the middle it is worth noticing (that's...
2010 !!!!!!! Damn I'm old. I'm so old, the theme of my prom was "Fire".

You are correct. "on the low" and "slightly off the low" is a distinction without a difference for the purpose of reading the bars.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #26,510
  • Mar 26, 2015 3:24am Mar 26, 2015 3:24am
Quoting juhanimi
XAUUSD M15 Beautiful, like taken out from Tom Williams book. {image}
Resultados, muy bien.

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  • #26,511
  • Mar 26, 2015 9:12am Mar 26, 2015 9:12am
Nice Juhanimi! How did you know not to take profit when the high volume showed up on March 25th at 12pm around 1199?
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,512
  • Mar 26, 2015 9:32am Mar 26, 2015 9:32am
it`s only 50 pips away from setup and pushing through that last top on the left

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  • #26,513
  • Edited Mar 27, 2015 7:03am Mar 26, 2015 9:35am | Edited Mar 27, 2015 7:03am
Ahh beautiful, so you know smart money has pushed it up through that resistance for a reason, then it comes back down tests support and takes off!

Thank you!

p.s. I learned yesterday not to leave short term trades on overnight! Damn Asians ruined everything.

p.p.s. In Forex does a Wyckoff distribution look identical to an accumulation turned upside down? In my mind it should look different to a typical Wyckoff shares distribution because each Forex pair is a pair, where as a share is binary. Either you have a share or you do not, but each Forex market has 2 currencies affecting it.
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,514
  • Mar 28, 2015 6:44am Mar 28, 2015 6:44am
Quoting ZeeDeveel
p.s. I learned yesterday not to leave short term trades on overnight! Damn Asians ruined everything.
Correct, mate.

If you trade intraday, trade intraday !!!

Also you can enrich yourself with the following:

1. http://www.investopedia.com/articles...edit-debit.asp
2. http://www.londonfx.co.uk/valdates.html
3. http://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2012/06/27/Trading_the_World.html

Best,
D.P.
Hunting High and Low
  • #26,515
  • Mar 28, 2015 12:05pm Mar 28, 2015 12:05pm
Best setup in usdjpy UPthrust in 5 mint looking good....
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  • #26,516
  • Mar 28, 2015 1:58pm Mar 28, 2015 1:58pm
http://www.dailyfx.com/forex/educati...ing_Tokyo.html

This dude seems to be saying that trading Asia session is great 'cause support / resistance almost always holds. Sounds good for some late night pippin' - anyone getting down with some Asian lovin' ?
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,517
  • Mar 28, 2015 4:15pm Mar 28, 2015 4:15pm
Quoting ZeeDeveel
http://www.dailyfx.com/forex/educati...ing_Tokyo.html This dude seems to be saying that trading Asia session is great 'cause support / resistance almost always holds. Sounds good for some late night pippin' - anyone getting down with some Asian lovin' ?

"...seems to be saying that trading Asia session is great 'cause support / resistance almost always holds..."? Did he really say that?
The Market pays you to be disciplined
  • #26,518
  • Mar 30, 2015 8:16am Mar 30, 2015 8:16am
http://www.dailyfx.com/forex/technic...ade_Forex.html
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,519
  • Mar 31, 2015 1:56pm Mar 31, 2015 1:56pm
The new, simpler VSA.

They've added P&F charts Liam. You're being watched.

Also of note, they are incorporating tick volume even on instruments where actual volume is available.


www.youtube.com/watch?v=Po4Q-Hptr4w
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #26,520
  • Mar 31, 2015 4:40pm Mar 31, 2015 4:40pm
I posted this in the MP thread, but I will repost it here.

Although today's profile is not yet finished, here's a look at what the Natural Trading Range should be.

Currently, we are one timeframing down and finding value lower each day. So if you don't want to look at 6 time frames to create your bias for the day, all you have to do is be biased in the direction of Value.

Just remember, having a bias does not make you money. Being able to quickly change it does.
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Without VSA, you're playing checkers while the Smart Money plays chess.
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