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vsa with Malcolm

  • #27,021
  • Aug 25, 2015 11:53am Aug 25, 2015 11:53am
Quoting Vcv13
Hey Pres, what your goin to call this..this 1h day's high zone once you decide to write a book?
The book of VZA is in my head where it shall remain for all eternity ...
Today's zone = Tomorrow's opportunity!
  • #27,022
  • Aug 25, 2015 11:56am Aug 25, 2015 11:56am
Is it just me or am I all of a sudden smelling Fire in here? Couldn't be, Mr Fire doesn't visit here anymore.
Today's zone = Tomorrow's opportunity!
  • #27,023
  • Edited 12:03pm Aug 26, 2015 11:53am | Edited 12:03pm
EURUSD highest volume on a 1 hour bar seen since June 17th printed today. Up bar right at the days low. Will be watching for a break and re-test of either the H or the L during trading tomorrow. Right now looking like a SOW. This combined with how the current 4 hour bar is printing has me ready to pull the plug on my remaining higher TF longs as I am no longer convinced that the broken resistance is going to hold as support. The only thing keeping me in currently is the Daily bars volume. Will reassess at the end the day when I can see the final close position and volume.

As we saw again today the low of that highest volume 1hour bar from Monday acted as resistance.
Today's zone = Tomorrow's opportunity!
  • #27,024
  • Aug 26, 2015 4:43pm Aug 26, 2015 4:43pm
Quoting pres78
EURUSD highest volume on a 1 hour bar seen since June 17th printed today. Up bar right at the days low. Will be watching for a break and re-test of either the H or the L during trading tomorrow. Right now looking like a SOW. This combined with how the current 4 hour bar is printing has me ready to pull the plug on my remaining higher TF longs as I am no longer convinced that the broken resistance is going to hold as support. The only thing keeping me in currently is the Daily bars volume. Will reassess at the end the day when I can see the final...

Killed the last of my Daily TF longs and grabbed a few short pippers in the afternoon. 5 min chart, almost a pres78 2BR (no HH) but huge ND up into 2 key levels.

Lowest fib level = low of today's 1hr zone, red line = Daily low of the Monday bar which on the Daily chart was quite high volume bar and huge range.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 56 KB
Today's zone = Tomorrow's opportunity!
  • #27,025
  • Aug 26, 2015 5:23pm Aug 26, 2015 5:23pm
1.1375 EURUSD... watch it.
Today's zone = Tomorrow's opportunity!
  • #27,026
  • Aug 26, 2015 6:07pm Aug 26, 2015 6:07pm
Where do you think the S&P is going up or down?
Attached Image (click to enlarge)
Click to Enlarge Name: day hour.GIF Size: 116 KB
  • #27,027
  • Aug 26, 2015 6:30pm Aug 26, 2015 6:30pm
Quoting TEB63
Where do you think the S&P is going up or down? {image}
I see 1954 as the key level for bulls, they need to take and hold this level if higher prices are to be seen.
Today's zone = Tomorrow's opportunity!
  • #27,028
  • Aug 26, 2015 6:40pm Aug 26, 2015 6:40pm
Quoting pres78
{quote} I see 1954 as the key level for bulls, they need to take and hold this level if higher prices are to be seen.
I would agree with you and if they do, up up and away.
or maybe we had a death jerk today and we will see a funeral tomorrow?

TEB
  • #27,029
  • Aug 26, 2015 6:51pm Aug 26, 2015 6:51pm
I think we dont need GUESS. Just follow and react to it. For any side.
Trading 24/h
  • #27,030
  • Aug 26, 2015 8:59pm Aug 26, 2015 8:59pm
Hi Pres,

Most of the times VZA works pretty well. However yesterday I had a loss trading VZA on CHF futures. In the below chart, the two green lines are boundaries of the 1 hour high volume zone from Aug 25th. After London open, it printed two pin bars (indicated by the two arrows) on the upper boundary. I saw it as a sign of rejection and entered a long trade there. However, price later reversed and stopped me out. Do you see anything in the chart that would have invalidated a long trade there ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
  • #27,031
  • Aug 27, 2015 12:51am Aug 27, 2015 12:51am
https://bittrex.com/Market/Index?MarketName=BTC-GCR

This is not a Forex market, but I'd appreciate an expert VSA analysis of this crypto currency chart... anyone got opinions?

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-08-27 at 06.50.08.png Size: 54 KB
  • #27,032
  • Aug 27, 2015 4:35am Aug 27, 2015 4:35am
Quoting pooh123
Hi Pres, Most of the times VZA works pretty well. However yesterday I had a loss trading VZA on CHF futures. In the below chart, the two green lines are boundaries of the 1 hour high volume zone from Aug 25th. After London open, it printed two pin bars (indicated by the two arrows) on the upper boundary. I saw it as a sign of rejection and entered a long trade there. However, price later reversed and stopped me out. Do you see anything in the chart that would have invalidated a long trade there ? {image}
Firstly every trading method has loses. Never forget that, nothing is 100%.

Secondly I don't trade futures so I cannot comment on your chart without more information. I need to see the bar and volume that made the zone on the 25th, I need to see the PA after the zone printed, I need to see the PA into the zone (more than I can see on your current chart.

Basically I need to see all PA from the 25th and 26th to even try and see if I can offer any kind of reply.

Remember that PA into the high of a zone does not equal automatic buy. We still need to follow what PA and volume are telling us.
Today's zone = Tomorrow's opportunity!
  • #27,033
  • Edited 8:29am Aug 27, 2015 4:37am | Edited 8:29am
Quoting pres78
1.1375 EURUSD... watch it.
The level was actual around 1.1370 and we made it to 1.1365... rejection from Monday low + yesterday 1hr and 4hr zone lows (roughly). Actually the 4hr zone low was right at the 1.1365 level where we fell from.
Today's zone = Tomorrow's opportunity!
  • #27,034
  • Aug 27, 2015 7:31am Aug 27, 2015 7:31am
Quoting pres78
{quote} Firstly every trading method has loses. Never forget that, nothing is 100%. Secondly I don't trade futures so I cannot comment on your chart without more information. .
Hi Pres,

Understood that in trading nothing works 100% and probably the trade failed for no obvious reason at all. Just wanted to see if I missed anything that would have invalidated the trade.

Futures price moves almost the same as the cash market of Forex. It's just that, in the case of CHF, the futures price move is the opposite of that of the cash market, as it's denominated as USDCHF in the cash market, not CHFUSD (in the case of Euro and AUD, futures and cash are the same). So a long trade in CHF futures becomes a short trade in USDCHF cash market.

I attached two screen shots here. The 1st one shows the H1 chart of USDCHF on Aug 25. The first blue arrow marks the one hour bar with the highest volume on that day.

The 2nd one actually contains two screenshots of USDCHF. The one on the left shows chart of Aug 26. The one on the right shows the chart of Aug 25 and 26. The blue arrow marks the bar below which I would have placed a short entry.

See if you can find anything that I missed. Thank you in advance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
Click to Enlarge Name: Screenshot7.png Size: 1.7 MB
  • #27,035
  • Aug 27, 2015 8:03am Aug 27, 2015 8:03am
Quoting pres78
{quote} I see 1954 as the key level for bulls, they need to take and hold this level if higher prices are to be seen.
I guess I recently took a long off 1954 ... Is anyone else with me?
Today's zone = Tomorrow's opportunity!
  • #27,036
  • Edited 9:25am Aug 27, 2015 8:32am | Edited 9:25am
Quoting pres78
{quote} The level was actual around 1.1370 and we made it to 1.1365... rejection from Monday low + yesterday 1hr and 4hr zone lows (roughly). Actually the 4hr zone low was right at the 1.1365 level where we fell from.
I hope others also got in short on EURUSD right around the days high... The levels are there ahead of time, I gave two (EURUSD and S&P) in my posts last night and both offered up entries today. Follow the money. Follow the volume. Let the herd fill your orders.
Today's zone = Tomorrow's opportunity!
  • #27,037
  • Aug 27, 2015 10:27am Aug 27, 2015 10:27am
EURSUD 1.120 to 1.1150 is my next line (well zone) in the sand. If the bulls are still around and interested that will be their key strike zone. This is squarely in line with the most recent previous swing high from Aug 12th to 14th before the move back down into huge buyers support at 1.1.

Support at 1.1150 would keep the "buyers" PA structure (HH and HL) in tact that started at the July 2015 low (looking at the Daily chart).

If the bears can break this structure and then take and hold 1.1 we will most likely be heading back to the 2015 lows.

Some of the big banks are calling for continued higher prices on EURUSD so most likely that means parity!
Today's zone = Tomorrow's opportunity!
  • #27,038
  • Aug 27, 2015 11:03am Aug 27, 2015 11:03am
Aud/usd trade i took. Bar goes down then closes on the high on higher volume.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture22.PNG Size: 47 KB
  • #27,039
  • Aug 27, 2015 11:06am Aug 27, 2015 11:06am
Quoting Willowgal
https://bittrex.com/Market/Index?MarketName=BTC-GCR This is not a Forex market, but I'd appreciate an expert VSA analysis of this crypto currency chart... anyone got opinions? {image}
In my opinion you have continued selling and weakness across the chart.
That looks like pure dumping to me. I wouldn't be long.
  • #27,040
  • Aug 27, 2015 11:08am Aug 27, 2015 11:08am
Quoting Sonofsin5
Days like today are very important to traders with size as it gives them an opportunity to either dump or accumulate large positions without market impact or notice. I am seeing signs in crude that point to large traders trying to put in a floor. We may be close to a bottom here. Either way, I would be sitting on my hands today. Gl out there.
Oil just hit 42 on my platform.
I'd be looking for a retrace on low volume followed by a NS.
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