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vsa with Malcolm

  • #27,141
  • Edited 5:46am Sep 28, 2015 4:29am | Edited 5:46am
Basic set up last night all over the place

2Br- 2bar reversal
UP - Upthrust
EF - Effort to Rise - Failure
Test - Test of Demand
GB - Gattcha' Bar

Entries
ND - No Demand Bar
IB - Inside Bar - inside ND
TL - Trigger Line

I got in manually at a little better price then the TL

But we are into an area of Support now, we have to cut through it or price will bounce
has to be watched

cheers

TEB
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  • #27,142
  • Edited 12:54pm Sep 28, 2015 12:27pm | Edited 12:54pm
End of Day - Good day for a Monday, almost always the hardest day to trade of the week.
three trades taken will let the last one run
One Loser(-) 37 pp
One Winner (+) 77 pips
One still on - Moved SL to (+) 40 pips (I have 35 on the chart)
so I will have minimum (+) 117 pips for the day


TEB
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  • #27,143
  • Sep 28, 2015 1:17pm Sep 28, 2015 1:17pm
Quoting TEB63
End of Day - Good day for a Monday, almost always the hardest day to trade of the week. three trades taken will let the last one run One Loser(-) 37 pp One Winner (+) 77 pips One still on - Moved SL to (+) 40 pips (I have 35 on the chart) so I will have minimum (+) 117 pips for the day TEB {image}
Hy Teb , how do u establish wich pair is the strong and wich is the weak?i can't find in your posts were u described this
  • #27,144
  • Sep 28, 2015 1:30pm Sep 28, 2015 1:30pm
Quoting vladutz112
{quote} Hy Teb , how do u establish wich pair is the strong and wich is the weak?i can't find in your posts were u described this
I have about 15 pairs I watch
I start on the hour and I move up or down
I want 3 time frames in line.

These are the three I saw

Strength and weakness I do when the pro are away and is a little different
This is pure VSA

cheers

TEB
  • #27,145
  • Edited 9:44pm Sep 28, 2015 9:13pm | Edited 9:44pm
The last trade for the day closed 92 pips

cheers

TEB
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  • #27,146
  • Sep 28, 2015 10:14pm Sep 28, 2015 10:14pm
Had some fun with AUDJPY

so ladies, here's a VCV13 grand bar reading lesson for all of you to cherish, totally free! (isn't that wonderful?)

bar 1: there are 2 reasons for it being a failed test.
bar 2: looks like selling pressure
bar 3: no interest in higher prices
bar 4: selling pressure
bar 5: more selling, also confirming the selling pressure on bar 4
bar 6: failed test

after the confirmation of the failed test was your best & safest point to enter short


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The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,147
  • Sep 29, 2015 6:20am Sep 29, 2015 6:20am
Quoting Vcv13
Had some fun with AUDJPY so ladies, here's a VCV13 grand bar reading lesson for all of you to cherish, totally free! (isn't that wonderful?) bar 1: there are 2 reasons for it being a failed test. bar 2: looks like selling pressure bar 3: no interest in higher prices bar 4: selling pressure bar 5: more selling, also confirming the selling pressure on bar 4 bar 6: failed test after the confirmation of the failed test was your best & safest point to enter short {image}

Are you saying bar 6 is a test?
Test of What?
What are you testing?

TEB
  • #27,148
  • Sep 29, 2015 8:48pm Sep 29, 2015 8:48pm
Are you saying bar 6 is a test?

Not me, the chart is saying tis a test


Test of What?

support

Bar 1 is a test of the mid of the Effort (to fall) bar, the low of this effort bar (blue horizontal line) was rejected 3 times.

Had the bar 6 test been successful, the low of that effort would of been tested again.
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,149
  • Sep 30, 2015 1:28am Sep 30, 2015 1:28am
Breaks to the downside seem to come back to re-test the break area more frequently than breaks to the upside which either run off or upthrust - thoughts?
"Never Take a Trade You Don't Understand!" - Pres78
  • #27,150
  • Sep 30, 2015 3:50am Sep 30, 2015 3:50am
Today on JPY futures there's a textbook VZA set up on 15 minute chart. On the upper boundary of 1 hour high volume zone from Sep 29th, a Pres78 2BR formed and then JPY dropped like a rock. On the cash chart of USDJPY it's the opposite.
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  • #27,151
  • Edited 6:19am Sep 30, 2015 5:11am | Edited 6:19am
quickie on the pound
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  • #27,152
  • Edited 5:41am Sep 30, 2015 5:25am | Edited 5:41am
Quoting Vcv13
Are you saying bar 6 is a test? Not me, the chart is saying tis a test Test of What? support Bar 1 is a test of the mid of the Effort (to fall) bar, the low of this effort bar (blue horizontal line) was rejected 3 times. Had the bar 6 test been successful, the low of that effort would of been tested again.

how do you define a test?
VSA would say two things by my understanding
1. Low volume - at least lower then the last two bar- its not
2. clearly and cleanly into a past area of high or HU High volume - this bar is in the middle of the pack - not clear or clean in an old area

just sayin'

I think its a take able trade but its an Inside Bar - in VSA terms its a Contraction Bar

cheers

teb
  • #27,153
  • Edited 10:27am Sep 30, 2015 9:10am | Edited 10:27am
With Pound's TP- target, I was a little too cute by half
point 1 - was 2 pips a little low them my normal TP - if I had put my normal I would have been point 2 - I wanted 25 pips
But point 2 was a TOS bar. I should have seen that and so lowered my TP down some
When the TOS bar happen a big drop would be normal
then we have the same thing at point 3 and then point 4

It would be normal for price to drop to the 00 round number with these 3 points
But I did have longer trades on the pound's sister the Euro


TEB
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  • #27,154
  • Sep 30, 2015 9:22am Sep 30, 2015 9:22am
Quoting Vcv13
Had some fun with AUDJPY so ladies, here's a VCV13 grand bar reading lesson for all of you to cherish, totally free! (isn't that wonderful?) bar 1: there are 2 reasons for it being a failed test. bar 2: looks like selling pressure bar 3: no interest in higher prices bar 4: selling pressure bar 5: more selling, also confirming the selling pressure on bar 4 bar 6: failed test after the confirmation of the failed test was your best & safest point to enter short {image}

Hi Vcv12

What the heck is a
"Polar Bear"

Thanks

TEB
  • #27,155
  • Sep 30, 2015 10:50am Sep 30, 2015 10:50am
Hey guys,

I got familiar with VSA on Babypips around April as a complete newbie, then read the Master the Markets and the Anna Couling VSA book. I am really happy I found VSA first, but I'm still a breakeven trader with this method.

Now I'm starting a big project to elevate my VSA game, and as a part of that I start to follow this thread aswell, also try to read it through.

All the best and good trading ;D
Price and volume reveals everything. The market moves on supply and demand.
  • #27,156
  • Sep 30, 2015 11:25am Sep 30, 2015 11:25am
Quoting TEB63
{quote} Hi Vcv12 What the heck is a "Polar Bear" Thanks TEB
She missed finishing expression.
  • #27,157
  • Sep 30, 2015 11:40am Sep 30, 2015 11:40am
Quoting ruma29
{quote} She missed finishing expression.


what is the expression (ie. polar bear express)

but more to the point what is the bar formation
It maybe a Wyckoff term - ie. break under the ice

teb
  • #27,158
  • Sep 30, 2015 12:22pm Sep 30, 2015 12:22pm
Quoting TEB63
{quote} what is the expression (ie. polar bear express) but more to the point what is the bar formation It maybe a Wyckoff term - ie. break under the ice teb
be patient, she will explain it to you.
  • #27,159
  • Sep 30, 2015 9:16pm Sep 30, 2015 9:16pm
Quoting ruma29
{quote} be patient, she will explain it to you.
who's a "she" here?
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,160
  • Sep 30, 2015 10:32pm Sep 30, 2015 10:32pm
Quoting TEB63
{quote} VSA would say two things by my understanding 1. Low volume - at least lower then the last two bar- its not 2. clearly and cleanly into a past area of high or HU High volume - this bar is in the middle of the pack - not clear or clean in an old area just sayin' I think its a take able trade but its an Inside Bar - in VSA terms its a Contraction Bar cheers teb

Now here's what pres78 has to say on this issue:


" I want to see the test bar testing something. A test floating in the air is of no use to me. I need to see them testing a broken supply zone or even into a demand zone or into a UHV trigger level"

well I don't quite agree with him here, if you see any bar as a test & don't see what they are testing it doesn't make it useless. Markets are always testing. If we don't always know what they are testing, that's our problem. They could be testing anything like some old support/resistance, a very old trendline, or the high or low or mid of some "hidden zone" (which I know they exist), so ignore these tests at your own peril.



& here's what a drunk polar bear looks like:

Attached Image
The loss was not bad luck. It was bad Analysis - D.Einhorn
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