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vsa with Malcolm

  • #26,861
  • Jul 7, 2015 9:21pm Jul 7, 2015 9:21pm
Quoting Sonofsin5
{quote} This post possibly represents the #1 reason why many no longer contribute to this thread. If you want a "hot tip" as Jim Rogers would say or a trade mirror service there are plenty out there. I am a full time trader, have been for almost 10 years and I can confidently tell you that you will never make money in this market. You want the best trade call you will ever see on this forum? Trade your current attitude and investment choice from where it's currently at and stop trading FX. That will save you time, money and may make you more friends....
What is wrong with that post?
Is it wrong to show live setups, and if so, why?
Yeah, I remember when you did try to make live setup calls.

I am not judging anyone here, but I honestly believe, that you could not learn to trade from old charts, it`s a live setups and analysis after that what went wrong, if not successful.
.
"This is not a signal service" lol, that is old excuse to that people cannot give live setups, other excuse is that " I trade 3 minutes charts"...so, if someone is trading from 3 minutes charts, I am pretty sure that he or she would first look for example H 1 chart.

But like I said, you do not have to post any charts if you don`t want, but signals are there in both charts, old and live.
And posting them, could save money and make faster learning curve, so it is only win-win situation, and people are mad about that?

Anyways, happy trading.
  • #26,862
  • Jul 8, 2015 12:35am Jul 8, 2015 12:35am
Pay a financial advisor and invest in mutual funds. Thats the best trading advice I could ever give you. Theres your "live trade call."
  • #26,863
  • Jul 8, 2015 12:49am Jul 8, 2015 12:49am
Quoting pooh123
Most of the traders that post here are not full time traders. They have their day jobs to take care of and they barely have time to trade, let alone to post trades real time, especially when most of them trade small time frames like m5, m3. There's one trader who posted real time- Malcolm. He traded big time frame and posted live trades and made market calls. Look at the market calls he made back in 2010 and 2011 about ES and Euro and you'll see the power of VSA. I spent more than six month and finished reading the whole thread. To me, some of the...
Good post. Anyone who is approaching this thread with such tenacity and seriousness will be extremely grateful for this material.

This thread is better than 99% of all trading books and I always liked the way how every good trader adds his own style to VSA.

Real-time trades were never an issue to me, my respect for traders like HG, pres, Sonofsin5 is far too great as to demand additionally something like live trade calls.

M.
Be like water.
  • #26,864
  • Jul 8, 2015 1:06am Jul 8, 2015 1:06am
Quoting msmarple
{quote} Good post. Anyone who is approaching this thread with such tenacity and seriousness will be extremely grateful for this material. This thread is better than 99% of all trading books and I always liked the way how every good trader adds his own style to VSA. Real-time trades were never an issue to me, my respect for traders like HG, pres, Sonofsin5 is far too great as to demand additionally something like live trade calls. M.
Vsa and orderflow are the tools you need to become a profitable trader.
It has continually mistified me at how a simple internet forum has made me lose faith in humanity so many times.
This muppet trying to hide the fact that he isnt glued to this forum waiting for a trade call by one of his self-defined gurus; be it mal, pres, intel hg or whoever. Since the thread has died down and his account is probably declining he chooses to mask his anger with veiled insults and jabs at former memebers who have contributed more to the learning of vsa in this thread then he can comprehend.
That being said, never kick a gift horse in the mouth. I hope he realizes he is the gift horse. And his gift is his trading account balance.
  • #26,865
  • Jul 8, 2015 2:22am Jul 8, 2015 2:22am
I know that you cant trade VSA Son Of Sin, thats why your: attack is the best defence

adios amigos, keep pretending.
  • #26,866
  • Edited 4:57am Jul 8, 2015 4:42am | Edited 4:57am
well I've decided to post images with horizontal & vertical lines only, & the only term that'd appear on these charts is "Effort", sorry, I'm like this only, take or leave it

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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #26,867
  • Jul 8, 2015 8:56am Jul 8, 2015 8:56am
An EUR futures trade I just took in TWS paper trade account. I looked at both TWS futures chart and the EURUSD chart of MT4. One thing I'm struggling with is trying to find high R/R trades. Both Malcolm and Gavin claim that they set their RR target as 3:1 for intra-day VSA trades. However, my VSA trades generally only have R/R of around 1:1. Sometimes I was too chicken to set a higher R/R target for fear of missing the target and getting stopped out but the price continued moving in my direction after the TP was hit. Maybe I should follow Pres' approach of closing half and leaving the 2nd half to run .
Attached Image(s) (click to enlarge)
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  • #26,868
  • Jul 8, 2015 9:42am Jul 8, 2015 9:42am
An earlier trade I took on JPY. See how much price went up after the TP was hit while I only achieved a R/R of 1:1. I missed the majority of the up move. If I had placed 2 contracts and left the 2nd contract to run by moving SL to break-even, a down bar would have hit my SL and stopped the 2nd contract out.
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  • #26,869
  • Jul 9, 2015 12:06pm Jul 9, 2015 12:06pm
Quoting Sonofsin5
{quote} This post possibly represents the #1 reason why many no longer contribute to this thread. If you want a "hot tip" as Jim Rogers would say or a trade mirror service there are plenty out there. I am a full time trader, have been for almost 10 years and I can confidently tell you that you will never make money in this market. You want the best trade call you will ever see on this forum? Trade your current attitude and investment choice from where it's currently at and stop trading FX. That will save you time, money and may make you more friends....
I read and watch to learn.
  • #26,870
  • Jul 13, 2015 12:30am Jul 13, 2015 12:30am
HiddenGap (or if anyone else who is reading & would like to answer) you have defined a selling candle in one of your old posts as one that makes a lower low and not a higher high, so is the prima facie indication of the selling candle is, it is a SoW?

My confusion is I remember you said in a reply to my query once that a bar since it had made a lower low & than closes on it mid point indicated there was some buying that came in.

Thank you.
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #26,871
  • Jul 13, 2015 7:23am Jul 13, 2015 7:23am
Quoting Vcv13
HiddenGap (or if anyone else who is reading & would like to answer) you have defined a selling candle in one of your old posts as one that makes a lower low and not a higher high, so is the prima facie indication of the selling candle is, it is a SoW? My confusion is I remember you said in a reply to my query once that a bar since it had made a lower low & than closes on it mid point indicated there was some buying that came in. Thank you.
Just my view on your question, hopefully HG still posts his response.

Actual charts are easier to explain and general questions like these are difficult to answer. But from what I gather from your question if the market is trending down, IE making lower lows and lower highs, then you will see most of the selling occur on down bars that are pushing lower.

Now if these down bars pushing lower are closing in the middle then yes there is some buying on them. Down markets are different than up markets. Down markets people panic and go into a frenzy of selling ultimately causing the market to crash. So buying comes in on these bars to support the market so that it doesnt drop like a brick.
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  • #26,872
  • Jul 13, 2015 7:33am Jul 13, 2015 7:33am
Quoting SimpleDev
{quote} Just my view on your question, hopefully HG still posts his response. Actual charts are easier to explain and general questions like these are difficult to answer. But from what I gather from your question if the market is trending down, IE making lower lows and lower highs, then you will see most of the selling occur on down bars that are pushing lower. Now if these down bars pushing lower are closing in the middle then yes there is some buying on them. Down markets are different than up markets. Down markets people panic and go into a...
Take a look at the background selling

Just imagine this setup as upside down to help you see how down bars can be both selling and buying. You see how the background selling is in fresh new ground? there isnt anything in the background for it to push through so there isnt a need for any excessive volume. See how the next bar closes down to confirm the selling.

Now look at the widespread down bar, it needs the excessive volume to push down through all of those previous bars. Notice how the next bar closes lower not confirming the buying on the widespread down bar.
  • #26,873
  • Jul 13, 2015 7:38am Jul 13, 2015 7:38am
Quoting SimpleDev
{quote} Down markets are different than up markets. Down markets people panic and go into a frenzy of selling ultimately causing the market to crash. So buying comes in on these bars to support the market so that it doesnt drop like a brick.
This doesn't make sense to me. Forex is one currency against another, it's not a stock that needs supporting. Could you elaborate please SD?
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,874
  • Jul 13, 2015 7:56am Jul 13, 2015 7:56am
Quoting ZeeDeveel
{quote} This doesn't make sense to me. Forex is one currency against another, it's not a stock that needs supporting. Could you elaborate please SD?
Im making these numbers up, I have no idea what of what they really are.

Lets say youre a GoldmanSachs trader and you have 100M USD to trade EU with.

Forex works off supply and demand so there are only a limited number of lots at price 1.1055. Lets say there are 1000 lots available to be sold once all of those 1000 lots have been sold price drops to 1.1054. So you sell 1000 lots which is like 1.1055M USD. You still have 99.9M to trade. If everyone goes into a panic sell they are selling all of the supply. This is retail traders and other institutional traders etc... With all these traders they are tanking EU and you cant get any more sell orders in because there is no one else to sell to.

If you start buying and supporting the market, causing small spikes in price other traders will start buying. You go back in and sell your lots back to the traders who got sucked into buying your rally.

This is different then a bull market, just market psychology, people don't panic buy. Rallies are longer and there are more dips in price.
  • #26,875
  • Jul 13, 2015 8:01am Jul 13, 2015 8:01am
Didnt trade this I wasnt prepared for a rally.

But the VSA setup was there.
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  • #26,876
  • Jul 13, 2015 8:09am Jul 13, 2015 8:09am
Gold..

Same setup as the oil chart I posted.
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  • #26,877
  • Jul 13, 2015 8:12am Jul 13, 2015 8:12am
Thanks. I understand supply/demand and that price is supported to fill orders but just didn't think panic selling really applied in Forex to any greater extent than panic buying does. Price moves up, price moves down, people buy, people short. Maybe it does though. Maybe those red bars just scare people.
"Never Take a Trade You Don't Understand!" - Pres78
  • #26,878
  • Jul 13, 2015 11:00am Jul 13, 2015 11:00am
Quoting ZeeDeveel
Thanks. I understand supply/demand and that price is supported to fill orders but just didn't think panic selling really applied in Forex to any greater extent than panic buying does. Price moves up, price moves down, people buy, people short. Maybe it does though. Maybe those red bars just scare people.
You're right, Forex trading is not like stocks etc, and they don't move alike or have the exact same VSA principles.
  • #26,879
  • Jul 13, 2015 11:13am Jul 13, 2015 11:13am
Quoting ZeeDeveel
Thanks. I understand supply/demand and that price is supported to fill orders but just didn't think panic selling really applied in Forex to any greater extent than panic buying does. Price moves up, price moves down, people buy, people short. Maybe it does though. Maybe those red bars just scare people.
While the Forex and the Stock markets are different, human nature is not.

Markets tend to take the stairs up and the elevator down.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #26,880
  • Jul 13, 2015 11:25am Jul 13, 2015 11:25am
Quoting HiddenGap
{quote} While the Forex and the Stock markets are different, human nature is not. Markets tend to take the stairs up and the elevator down.
This may be true and I may be off base, but my entire FX trading philosophy has this principle at it's core, up or down doesn't matter nearly as much as in stocks. They are just such different things, yet still governed by the same thing. I use upside down charts all the time for taking trades and analysis.
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