vsa with Malcolm

Quoting pres78

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{quote} That bar is Asia session and unless I was trading Asia I wouldn't care about that bar.

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Quoting pres78

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{quote} When day trading I focus more on high ADR pairs (like GA, GN, EA, EN, GCAD, ECAD etc...) and also what pairs are moving nicely (cleaner PA) that day and how / where they are with respect to yesterday's zone. GA for example has an ADR of over 200 where GU is just 100. I like the pairs when I have the best chance of snagging runners for great R:R. GA however is just one example of trades I have taken today since I have time to day trade. As noted before however the bulk of my trading now is on Daily and 4hr charts due to time restrictions....

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Quoting HiddenGap

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{quote} I've been thinking a lot about this lately. Most of the trades here are LOCATION trades. Yes, there is the where the trades are happening notion. But when I say Location, I am simply referring to the fact that "one has to be there" to take the trade. That is to say, you have to be watching the 5 min EUR/JPY chart to catch that superstar ND right into a Trigger number. Which begs the question, how can you know to watch EUR/JPY today when you usually don't? And how do you know to watch the 5 min rather than the 15mim.?

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Quoting TEB63

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but why is it in VSA thread?

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Quoting TEB63

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VSA deals with bars mostly - area 2nd Online Trading Academy (Supply and Demand) deals with area 1st and candles 2nd what you are doing is right out of there coarse. I also have the notes.

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Quoting TEB63

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For a number of reasons VSA works better with Forex Online Trading Academy stuff is better with stocks

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Quoting TEB63

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This is nor VSA period

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Quoting HiddenGap

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Since the ES is currently tanking, I will answer a question from a PM with the ES as an example. This was from the day session.
First, the trigger number/level concept comes from Gavin Holmes. The idea is not specifically mentioned in MTM or Undeclared, but it is a logical extension of what comes with some VSA understanding. Gavin's book should be out in a couple of weeks and I hope that will answer a lot of questions. Up until recently, Gavin did not share anything about Trigger Levels outside of the VSA club, so those not in the club were left to fend for themselves on the concept. I am not a member of the club so I can not claim any sort of mastery on the concept. Nevertheless, here are some thoughts.

Again, the first part involved in using the Trigger Levels is not all that new or unique. Many traders have observed that a price bar with a lot of volume seems to be resistance/support going forward. AMT pay particular attention to the price level with the most volume (POCv).

So the first thing to do is identify an Very High to Ultra High Volume bar.

Let's take a look at the chart below.

From my perspective, the first bar marked "Supply" was a Trigger bar once it formed. Three intervals later, however, an even greater Ultra High Volume bar was created. This becomes the new Trigger Level. We need to examine this bar for a second as the bar itself will dictate how we approach the Trigger Level.

This bar is an UP bar (close greater than the previous bar) with its close off the high. So we have an up bar on Ultra High Volume closing off its high with the next bar down. VSA tells us that there must be some selling in this bar. So let's cut to the chase for a minute and then circle back. IF this bar contains hidden selling, then we would expect a certain type of reaction when price gets back to this level. In other words, we have an idea of what we are looking for. We are looking for some sign that there was indeed selling on this bar.

Okay, so let's circle back for a minute. After we have identified the Trigger bar, we are looking for something that confirms (or denies) our assumption. For this post we will only be talking about a form of confirmation. You can figure out the opposite.

Since there is a such thing as momentum, we are not surprised to see price continue to move up after the Selling Climax (Trigger bar). What we want to see, is price fall down below the Trigger Level (C) and then we want to see signs of weakness as price attempts to move back into the area of the Trigger Level (C).
Back to the chart.

Price moves up and then falls down. On its attempt to move up, we see an up bar that’s high is equal to the close of our Trigger bar, but closes of the high and has volume less than the previous two bars. This is No Demand.

Okay, we assume that the BBs were selling on the trigger bar. Now we see as price moves back into that area from below, they are withdrawing their interest in the market. Bam. They are sending a signal to anyone who can read a chart; "We are not interested in higher prices". Moreover, we came in hard on a buying climax, now we are "defending" that level. In this case, defending takes the form of no activity. But if you saw a squat here or an Up thrust the message would be the same-the path of least resistance is down.

This "pattern" is shown on the right side of the chart.

There are a few more patterns and I hope others will share examples as the see them. However, remember the patterns are simply manifistations of the underlying market dynamics. Learn that and you will not be beholden to patterns. Intel's last post with the chart has some wonderfull understanings of the "what lies underneath".

FF is having problems so I am going to stop this post now. I may revisit later.

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Quoting pres78

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{quote} Does feel like only yesterday but things have come so far with VSA and a few little hints of AMT... Been a great year thus far and I have been able to really tweak what I have leanred into a solid method of following SM around the charts ... Couldn't have done it without all the help from great posters such as yourself. Still so very much to learn though.

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Quoting TEB63

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.....I just find your place to do this as confusing and will confuse people that's all I have to say This is nor VSA period Cheers

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Quoting pres78

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{quote} I have to ask how do you choose your trades now? How do you know which pairs to trade that day.

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Quoting pres78

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{quote} Because I feel like it and I guess you can call me nostalgic. I guess I am holding on to those days when this thread was alive and kicking. I remember at first being overwhelmed because VSA seemed so daunting. Over time through the help of a few key guys on here it started to make sense and things started to come together. I also remember being amazed at how so many great guys and traders all traded under the VSA acronym but with their own tweaks and subtleties. How could guys all see things a little differently but still end up at the same...

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Quoting numbnuts

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Funny how hindsight makes experts of us all .... FWIW, having no idea what was about to happen, I was short E/U going into this with no TP in place, but with a S/L behind the last swing high at 1.0645 ... and although I lost, I would happily take that trade again. In fact if that situation presented itself a thousand times, I wouldn't hesitate to position myself the same way a thousand times. Sometimes you eat the boar, sometimes he eats you.

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Quoting HiddenGap

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{quote} {image}

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