vsa with Malcolm

moving to break even

Volume gives us clues. Despite the weak-ish looking Daily bar the highest 1 hour volume zone yesterday was right at the end of the day and right at the low of the day showing some support coming in.

The market moved sideways in the top half of the zone until LO where we got another dip on increased volume but no follow through. Sideways action and a test bar followed by an compressed range, increasing volume down bar and boom up we go. We take out the high of the zone coming into NYO and the a lovely NS into the high.

Great long entry with loads of room left in the ADR.

Edit - My NYO line is 2 bars too far to the left... sorry.

Edit 2 - Watch 2078ish level in early trading tomorrow.

was out today
my aud was SL-BE
a trade on the chf

quick hit
evening trading-
I do not like trading this time but if i do
I like quick short trades

trades all over the place this morning

thin market closing down before London

People keep asking me for my terms I use -
here is my list - its a simplifying of TradeGuider and way more then Wyckoff
ie. both were more for stocks and stock act differently going up and down
were forex acts the same up and down
also I count at least 17 terms for 2 bar reversals they all act the same
- the only difference is, is it CA or other wise

no one else on here - or posting charts?
basic vsa is all you need
but if its not live - I guess its dead lol

I'm certainly am watching and learning...alas I'm only on page 132 (although I've read the last 25 pages or so as well). Also, thank you TEB63 for the Terms and Sequences because I admit I've had some trouble following your chart abbreviations. And of course thank you HG, Pres78, VCV13, et al.

Watching GBPCHF for a short

Glad to read your posts

What I wanna know, would you enter if the NS was on the low of that zone?

Thanks

in case you find the query weird, just lemme know if you'd short at that 2br, thanks

I prefer to take long off the top of the 50% or H and shorts of the low of the 50% and L. My A++ set-up of course would be off the H and or L as when taking a trade off the 50% you need to consider that the H and or L may serve as R or S.

That said when we get PA where we get the UHV zone and take out the H or L and then return to no deeper than the 50% level I would take a trade from there any day.

As for would I take a NS into the L?

Only if we had seen some volume / support come in before the NS. The other thing I do at times is if we get a really wide range UHV bar then I will drop down a TF or two and will trade from level to level until the zone H or L is taken out. This happens a lot after high impact news where we get that huge move in one bar and then prices ranges up and down inside the WRB for some time after.

As for that 2BR where it was up into both of your MA's and also into that recently broken support and we had that climax bar above and proven sellers I may take it. It was a NBP up bar followed by increased volume down bar which showed lack of buying interest, however as you can see the market wasn't ready to fall. Me I still prefer as my #1 2BR set-ups the lower volume on bar 2 with the HH (or LL) (insert other rules as I've described in the past) etc.. as I find them the most reliable and usually will have an immediate move after.

Hope that answers your questions or if nothing else confused you more. Either way I accomplished something ... Any other questions ask away.

Oil stuck this week in very tight range (less than half the AWR). Looking at a zoomed out view of this week (on the hourly and 4 hour charts) we appear to be in an ACC phase which should signal higher prices to come. I will be watching this closely next week to see if this plays out as strength. Either way I will be watching for this weeks range to be broken and tested for a longer term entry.

EURAUD short planned at the close of the day Wednesday, triggered on Thursday. UHV zone pinged down through previous demand area where the huge push up commenced. Price pushed down through the low of the zone and a world class ND, lowest volume in the last 12 days. SL has been locked in at BE+.

Works on any TF (need more patience on the higher TF but much less stressful), principles are the same.

Lovely stuff when the set-ups are this clean and obvious.

3 straight posts so that's it for me... Have a great weekend.

A great post pres, helpin me in building my principles

that 2br was into the high of my hidden zone & right on the low, PA found support.



just one more thing I'd like to know, the 2nd bar of that 2br closed just above the faster MA, it didn't bother you? thanks

Did anyone attend the 6 hour VSA webathon? I'm hoping it gets put on Youtube soon. I think it would make a great way to escape the drama/family on turkey day .

Reading the last few posts by Pres78 reminded me of something I once said. I marveled at how different individuals using different terms and perspectives can actually come to the same place, because of the underlying truth on which they base their conclusions.

Gavin does not even know how to spell VZA, but he knows when he sees an Ultra High Volume bar, which is presumed to be strength, to draw a trigger line (number) at the high of that bar. Then he waits for price to close above that line and then fall back down towards that line for a signal.

If one reads Pres78's recent post (and one should-more than once), one sees the ideal trades are at the H of the Zone for longs and at the L of the Zone for shorts."That said when we get PA where we get the UHV zone and take out the H or L and then return to no deeper than the 50% level I would take a trade from there any day." Pres78

Could you provide a link where it can be viewed?

for some reason it did not work for AUDUSD:

Of course it did.

If you mean price did not come back an "touch" the trigger line, that is true. But clearly price moved above the high and was constrained as it tried to move back down towards it.

I marked three (3) obvious possible entries. Note the squat (sqt). The market is clearly being supported as it tries to move down to the trigger line. This narrow range down bar on increasing volume that closes off its lows is evident to that. If you don't enter on the close of this bar, the next bar gives you confirmation and should then bring you into the market.

It is not the "touching" of the trigger line on the pull back that matters. It's the WAY price/volume behave as the market pulls back.

With that said, I would agree that the NZD/USD example is more idealistic.

Hi HG

ok folks the morning so far....

spot the stop.......mark the low.......



go back to 5 min chart & make profits..... simple isn't it?



just look at where that freakin thing was, right on the low

enjoy