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vsa with Malcolm

  • #27,261
  • Nov 23, 2015 3:21am Nov 23, 2015 3:21am
Quoting HiddenGap
{quote} Of course it did. If you mean price did not come back an "touch" the trigger line, that is true...
Yes, I was talking about trigger line the way you pointed out for NZDUSD.
  • #27,262
  • Nov 23, 2015 5:25am Nov 23, 2015 5:25am
Quoting ruma29
{quote} Yes, I was talking about trigger line the way you pointed out for NZDUSD.
In that case, if you need to see the "touch" of the trigger line, you got your set-up later................(also pointed out by Vcv13)
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,263
  • Edited 8:48am Nov 23, 2015 8:36am | Edited 8:48am
Nice to see some activity.

Watch for AUDUSD to head back up. I am looking to go long at 7195 after a nice 30 minute chart 2BR into a demand zone high followed by an effort to fall. All of this after we pinged the 7200 level.

Pending long set, see if it triggers.

Edit - triggered while typing. SL 7185.
Today's zone = Tomorrow's opportunity!
  • #27,264
  • Edited 10:26am Nov 23, 2015 10:09am | Edited 10:26am
Quoting pres78
Nice to see some activity. Watch for AUDUSD to head back up. I am looking to go long at 7195 after a nice 30 minute chart 2BR into a demand zone high followed by an effort to fall. All of this after we pinged the 7200 level. Pending long set, see if it triggers. Edit - triggered while typing. SL 7185.
Pushed up hitting 1:1 at 7205 so I closed half my position and will let the second half run for a bit to see if we get another push. Worst case at this point is a net BE with half my risk off the table.

Edit - Out for a net BE.
Today's zone = Tomorrow's opportunity!
  • #27,265
  • Nov 23, 2015 10:50am Nov 23, 2015 10:50am
VZA trade...UHV zone created. Price came back and tested the low of the range. It created something of a bearish flag. ND trigger came on the 5 min

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  • #27,266
  • Nov 23, 2015 1:34pm Nov 23, 2015 1:34pm
Quoting Rinehart
VZA trade...UHV zone created. Price came back and tested the low of the range. It created something of a bearish flag. ND trigger came on the 5 min {image}
Lovely how price moves around from level to level. Loads of reactions to be traded, drop down a few time frames to catch some nice entries.
Today's zone = Tomorrow's opportunity!
  • #27,267
  • Nov 23, 2015 2:52pm Nov 23, 2015 2:52pm
Quoting Rinehart
Watching GBPCHF for a short {image}
Wish I had played this a bit looser....

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  • #27,268
  • Nov 23, 2015 3:04pm Nov 23, 2015 3:04pm
I love how we all keep the subjectivity of our execution in trading, yet we talk about the same thing. Because this IS how the markets work at their core.

I took this trade on GA today:

I saw the market is creeping up on lower volume to a HVB and print a nice upthrust just below it.

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Then went to a lower timeframe, and took a break-test-continuation trade off the support.

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Price and volume reveals everything. The market moves on supply and demand.
  • #27,269
  • Nov 24, 2015 5:43am Nov 24, 2015 5:43am
Quoting pres78
{quote}..... drop down a few time frames to catch some nice entries.


would you recommend looking for entries on 1min. chart after identifying buying/selling on a higher tf chart? thanks
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,270
  • Nov 24, 2015 6:12am Nov 24, 2015 6:12am
Quoting Vcv13
{quote} would you recommend looking for entries on 1min. chart after identifying buying/selling on a higher tf chart? thanks
For my intraday trading I like to use mainly 30 min and 1 hr zones taking entries off mainly 5 and 15 minute charts. There are days when the 30 min and 1 hr charts themselves offer up great entries too. When trading within a WRB zone I will usually try and play the 1 min and 5 min charts for their quicker PA and tighter entries.

Most of my trading nowadays however due to my time restraints is higher TF swing trading off 4hr, Daily, Weekly and Monthly charts.
Today's zone = Tomorrow's opportunity!
  • #27,271
  • Nov 24, 2015 7:08am Nov 24, 2015 7:08am
Quoting pres78
{quote} For my intraday trading I like to use mainly 30 min and 1 hr zones taking entries off mainly 5 and 15 minute charts. There are days when the 30 min and 1 hr charts themselves offer up great entries too. When trading within a WRB zone I will usually try and play the 1 min and 5 min charts for their quicker PA and tighter entries. Most of my trading nowadays however due to my time restraints is higher TF swing trading off 4hr, Daily, Weekly and Monthly charts.

When are you going to stop working for the man and start trading full time?

That would also give you time to write the VZA manual we all long to read..................................
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,272
  • Nov 24, 2015 7:10am Nov 24, 2015 7:10am
Thanks for the reply.

What happened is a few days back, it was GJ, I wanted to short, but I saw what I usually look for to enter on a 1min chart & didn't what to do, I was of two minds.

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there was a nice entry here but since it was a 1 min chart I was sceptical.

Attached Image
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,273
  • Nov 24, 2015 7:13am Nov 24, 2015 7:13am
Quoting HiddenGap
{quote} When are you going to stop working for the man and start trading full time? That would also give you time to write the VZA manual we all long to read..................................

HG would you please share your views on 1 min charts please, should I have taken that trade? Thanks
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,274
  • Edited 7:47am Nov 24, 2015 7:26am | Edited 7:47am
Quoting HiddenGap
{quote} When are you going to stop working for the man and start trading full time? That would also give you time to write the VZA manual we all long to read..................................
Well HG at one time when I first started down this trading path that was my one and only plan. Quit work and trade fulltime.

Had I started trading early in life perhaps that would have been my path.

However 2 kids, a wife, a mortgage, car payments, being close to 40 now etc... has lead me down a slightly different path. For me now trading is more about compounding the hell out of my money at a much better rate than my work's retirement plan (which I gladly also participate in as they match my contributions up to 4% of my annual salary). I like having control over my money and being able to grow it with as much or as little risk as I like.

If I traded fulltime my focus would be to make money to live off of and to make sure I am at least making enough to replace the salary I left behind. I would need to make much more off trading than I make now at work in fact as I would no longer have my retirement plan, no health plan etc... all the things that I get from my job that many people undervalue when the decide the "work for themselves".

For me when I need some extra cash for a trip or a repair to the house etc... I can pull some money out of my trading account. I don't need the money to live off of so my focus has become retiring way sooner than if I worked my fulltime job only and probably even earlier than if I traded fulltime.

Forex for me now is my FRSP (forex retirement savings plan)...

Will I trade after I retire? Probably for something to do and to keep a little rainy day fund going. Plus I can do it anywhere in the world as I enjoy my retirement years in life with my wife and family.
Today's zone = Tomorrow's opportunity!
  • #27,275
  • Nov 24, 2015 7:31am Nov 24, 2015 7:31am
Other people are posting I was watching the NzdUsd but it was not triggered
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  • #27,276
  • Nov 24, 2015 11:06am Nov 24, 2015 11:06am
closing out
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  • #27,277
  • Nov 24, 2015 11:45am Nov 24, 2015 11:45am
GBPAUD Daily chart. Friday was a key bear bar closing below 3 previous swing lows. Monday was a ND with room to get 1:1 min risk / return (depending on SL placement of course) before hitting the next swing low.

Did anyone take the trade?
Today's zone = Tomorrow's opportunity!
  • #27,278
  • Nov 24, 2015 2:49pm Nov 24, 2015 2:49pm
Quoting pres78
Did anyone take the trade?
Yep, I posted it on the previous page.

GA gave a nice setup today aswell. WRB and previous low/support level align with each other, the best scenario.

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Then on lower timeframe it broke through the support, and retested its low alongside with the WRB zone's low on decreasing volume.

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From the daily standpoint I'd say it is now at a level, which was support three times, on July 21, on August 7 and on October 9. If it breaks through and possibly retests it, then we can have a major downtrend for a couple of weeks.
Price and volume reveals everything. The market moves on supply and demand.
  • #27,279
  • Edited 6:01pm Nov 24, 2015 5:02pm | Edited 6:01pm
Quoting Darastonius
{quote} Yep, I posted it on the previous page. GA gave a nice setup today aswell. WRB and previous low/support level align with each other, the best scenario. {image} Then on lower timeframe it broke through the support, and retested its low alongside with the WRB zone's low on decreasing volume. {image} From the daily standpoint I'd say it is now at a level, which was support three times, on July 21, on August 7 and on October 9. If it breaks through and possibly retests it, then we can have a major downtrend for a couple of weeks.
Nice trades but not quite the same trade I was talking about. You took your previous page trade yesterday, I took mine today (well I set my pending's last night at 5pm EST) off the Daily chart after yesterday (Nov 23rd) closed. Your today chart seems to show a similar level of entry as the low of the daily ND.

Took two shorts.

1. Short at the low of the 1hr zone from Nov 23rd.
2. Short at the low of the Nov 23rd Daily ND bar.

Close today was below the Oct 12th low. Should be good for the bears.

Edit - will add on another short at the 2.0820 (low of today's 1hr zone) if the PA is right.
Attached Image (click to enlarge)
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Today's zone = Tomorrow's opportunity!
  • #27,280
  • Edited 5:27am Nov 25, 2015 4:58am | Edited 5:27am
Quoting pres78
{quote} Nice trades but not quite the same trade I was talking about. You took your previous page trade yesterday, I took mine today (well I set my pending's last night at 5pm EST) off the Daily chart after yesterday (Nov 23rd) closed. Your today chart seems to show a similar level of entry as the low of the daily ND. Took two shorts. 1. Short at the low of the 1hr zone from Nov 23rd. 2. Short at the low of the Nov 23rd Daily ND bar. Close today was below the Oct 12th low. Should be good for the bears. Edit - will add on another short at the 2.0820...

that is not a no demand bar its a hidden up thrust
or even an inside bar
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