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  • #221
  • Dec 30, 2015 4:30pm Dec 30, 2015 4:30pm
Pesonally I use VZA partially, meaning I draw the Fib at the end of the day around the largest volume H1 bar, and look for confluence with other VSA trades the next day. If price doesn't go near the zone next day, I take other type of setups.

Now I see sometimes you use yesterday's zone, sometimes today's, zones inside zones etc. Personally I wouldn't want to draw too many on my chart, so I was thinking, that basically using yesterday's HVC, but if a higher volume H1 candle appears today (so on the day of active trading), I'd put my zone there, because SM might be more active there, because they put higher effort on that price range.

Do you think this could work? Use the highest, but if another highest appears, then put the zone to that instantly?
Price and volume reveals everything. The market moves on supply and demand.
  • #222
  • Dec 30, 2015 4:53pm Dec 30, 2015 4:53pm
Quoting Darastonius
Pesonally I use VZA partially, meaning I draw the Fib at the end of the day around the largest volume H1 bar, and look for confluence with other VSA trades the next day. If price doesn't go near the zone next day, I take other type of setups. Now I see sometimes you use yesterday's zone, sometimes today's, zones inside zones etc. Personally I wouldn't want to draw too many on my chart, so I was thinking, that basically using yesterday's HVC, but if a higher volume H1 candle appears today (so on the day of active trading), I'd put my zone there,...
​That would be up to you to test and see how it works for you and how you trade. Sounds reasonable. I've been trading using zones for over 4 years now so I have my own way of trading with them and trading plans (scalping, intraday and swing thus the plural of plan) that are all written around the zones and how I trade them.

I ALWAYS look to trade yesterday's zone at LO if we are still within a close proximity to that zone (or even within it). There are days when we see Asia take price well away from the zone and thus making it useless for trading. On days like that I will usually fib the LO and NYO bars and trade them as usually (not always) LO is the highest volume of the day and then is overtaken by NYO. Mind you usually we see a higher volume bar after NYO (usually the last hour of the L,NY crossover and caused by profit taking and re-positioning before the end of day).

As far as zones within zones I do at times work a similar principle to what you described where if say LO bar prints within (partially or fully) yesterdays zone and the volume is higher than the zone yesterday I will watch it. As I mentioned also to Rinehart I also will see where the highest volume 15 min bar was within the zone from yesterday just to see if the H or Mid is more likely area to buy or L or Mid is more likely area to sell. Again all part of my plan and all based on my years of trading this way.

Really though as with any trading method each trader needs to find what does and doesn't work for them.

I hope that makes at least a little sense.
Today's zone = Tomorrow's opportunity!
  • #223
  • Dec 30, 2015 4:57pm Dec 30, 2015 4:57pm
Quoting Darastonius
Do you think this could work? Use the highest, but if another highest appears, then put the zone to that instantly?
I guess one last point I could make is not to keep drawing new zones as some days right from LO to LC we see bars each making higher volume so you'd spend all day adjusting your zones and never get a trade.

From my experience the best zones to trade are;

  1. Yesterdays zone
  2. LO zone or at most the second hour of LO at times, never go further than this
  3. NYO zone or at most the second hour of NYO at times, never go further than this (need to see if we get a London session continuation or a reversal)

Again find what works for you by testing it and keep it as simple as you can.

Today's zone = Tomorrow's opportunity!
  • #224
  • Dec 30, 2015 5:12pm Dec 30, 2015 5:12pm
Thanks, that answered my questions. One more thing, do you take only the ND/NS setups around the zone (edge or 50 fib), or do you take other types of VSA entries, like upthrusts, springs, or gotcha bars, things like that at the zone?

Also, do you watch for the higher TFs trend direction, SOS/SOW, etc.? Because for example your trade in post 210 is both against the trend, and it didn't build enough cause for an upmove, it is basically the reaction to the downmove. It played out though and I'm not saying countertrend trades are bad, just asking if does this have any effect longer term on your winrate, or you don't even watch for these bigger pictures, just what the zones tell.

EDIT: Never mind, it is not countertrend, I thought it is on GU not on Oil. Nonetheless, what would your answer be to that question theoretically.
Price and volume reveals everything. The market moves on supply and demand.
  • #225
  • Dec 30, 2015 5:26pm Dec 30, 2015 5:26pm
Quoting Darastonius
Thanks, that answered my questions. One more thing, do you take only the ND/NS setups around the zone (edge or 50 fib), or do you take other types of VSA entries, like upthrusts, springs, or gotcha bars, things like that at the zone? Also, do you watch for the higher TFs trend direction, SOS/SOW, etc.? Because for example your trade in post 210 is both against the trend, and it didn't build enough cause for an upmove, it is basically the reaction to the downmove. It played out though and I'm not saying countertrend trades are bad, just asking if...
​My preferred entries are ND, NS and tests (both as SOS and SOW). My absolute favorite entry is a pres78 2BR (I can call that here as it's my journal). I've never been a big fan of UT's and I don't trade gotcha bars (I prefer to be brought into my trades by these bars not use them as a reason to enter).

When I trade my intraday system using 1hr zones I don't look higher than 1hr (when we have crazy news bars I will at times keep 4hr and even Daily fibs on as I want to be aware of those levels, see EURUSD as an example). I use 1hr down to 5min charts for that trading. My swing trading uses 4hr and Daily and I have an will be both long and short at the same time on pairs based on intraday versus swing set-ups and the current days trend and the overall big picture trend. I don't let the two affect each other.

Post 210 was not a trade just an example of how the zone from yesterday was the location for the trade that day. Not enough cause? How do you measure that? If there were more buyers than sellers at that level and at that point in time price will go up especially during low liquidity times like this. Again for intraday trading I care about 3 things;

  1. Current zone I am trading
  2. The highest volume zone above me that is around or less than the ADR as a target if I am looking to long
  3. The highest voljume zone below me that is around or less than the ADR as a target if I am looking to short

That's it for intraday. The bigger picture does not matter, I ONLY care about the zone I am current trading. If I am above the current zone and get a reason to go long I will go long even if this is nothing more than a weak retrace in an overall trend. There is ALWAYS money to be made going both ways if you do it right.

Look at my posts on EURUSD, I called live when I went long and then I also called that the next day would be down and then the day after would be up. No consideration for what the higher TF trend is (which on EURUSD is a non existent range) all based on just trading the current zones.

Today's zone = Tomorrow's opportunity!
  • #226
  • Dec 31, 2015 6:14am Dec 31, 2015 6:14am
Quoting pres78
{quote} ​See where the market opens back up here in a few hours. The indices close early tomorrow and the markets are closed Friday so if this trade survives the open and continues down tomorrow without taking me out I will close before the end of the day. {image}
Trade is still alive and kicking​ limping well maybe we should just call it slowly walking. It's been stuck in a 2.6 tick range since the first hour of the market open.

This is why I don't trade much over Christmas and New Year... perhaps I need to change that to never
Today's zone = Tomorrow's opportunity!
  • #227
  • Edited 7:53am Dec 31, 2015 6:36am | Edited 7:53am
Quoting pres78
{quote} Trade is still alive and kicking​ limping well maybe we should just call it slowly walking. It's been stuck in a 2.6 tick range since the first hour of the market open. This is why I don't trade much over Christmas and New Year... perhaps I need to change that to never
​Those SM bastards must of heard me and finally moved this bugger down some more

0.3 ticks away from 4:1 and locking in at 2:1 so I sit firmly at 1:1 for now... Hoping for a drop to at least 2051 before the end of day. Would love to see that 2051 for 7:1, that's where my hard TP is currently set but ​ that's only to cover me if I'm not around. Other than that my EA is on and will trail 2R behind the current R hit by PA...
Today's zone = Tomorrow's opportunity!
  • #228
  • Dec 31, 2015 6:51am Dec 31, 2015 6:51am
Quoting pres78
{quote} ​Those SM bastards must of heard me and finally moved this bugger down some more 0.3 ticks away from 4:1 and locking in at 2:1 so I sit firmly at 1:1 for now... Hoping for a drop to at least 2051 before the end of day. Actually would love 2050 for 7:1, that's where my hard TP is currently set but ​ that's only to cover me if I'm not around. Other than that my EA is on and will trail 2R behind the current R hit by PA...
​OK hit 4:1 (2060) so now locked in at 2:1 (2066) on part 2 of my SP500 trade. As a reminder entry was 2072, SL was 2075.
Today's zone = Tomorrow's opportunity!
  • #229
  • Dec 31, 2015 7:52am Dec 31, 2015 7:52am
Quoting pres78
{quote} ​OK hit 4:1 (2060) so now locked in at 2:1 (2066) on part 2 of my SP500 trade. As a reminder entry was 2072, SL was 2075.
​Trade has now hit 6:1 (2054), SL locked at 4:1 (2060).
Today's zone = Tomorrow's opportunity!
  • #230
  • Dec 31, 2015 8:58am Dec 31, 2015 8:58am
Quoting pres78
{quote} ​Trade has now hit 6:1 (2054), SL locked at 4:1 (2060).
Getting ready to take the kids to the movies and my phone just buzzed telling me that the ask price hit 2051 so that means a nice 7:1 return and I'm now flat on my intraday trades. I really need to write some email notification code into my trade Manager EA. A Project for this weekend perhaps. See you next year and a happy new year to all!
Today's zone = Tomorrow's opportunity!
  • #231
  • Dec 31, 2015 10:00am Dec 31, 2015 10:00am
Quoting pres78
{quote} Getting ready to take the kids to the movies and my phone just buzzed telling me that the ask price hit 2051 so that means a nice 7:1 return and I'm now flat on my intraday trades. I really need to write some email notification code into my trade Manager EA. A Project for this weekend perhaps. See you next year and a happy new year to all!
Chart... Should've held for more
Attached Image (click to enlarge)
Click to Enlarge Name: .US500CashH1.png Size: 61 KB
Today's zone = Tomorrow's opportunity!
  • #232
  • Dec 31, 2015 11:32am Dec 31, 2015 11:32am
Quoting pres78
Short on S&P mini 2072, SL 2075. Final TP TBD. Will take 1:1 on half the trade upon a return to the days low. No buyers support bar on the 30 min chart up into the low of yesterday's zone. {image}
This ended up a really nice winner!
  • #233
  • Dec 31, 2015 1:41pm Dec 31, 2015 1:41pm
Hi Jason

Only just realised you had a thread here...

Great trading by the looks of it, but then I didn't expect anything else...

Will be reading through with interest and looking to take some of your hrly signals on a 1 minute entry, could be fun and if it works even better..

Will drop in on a regular basis to see how its done properly...

Wishing you a prosperous new year...
Feel the Fear and do it anyway!!!
  • #234
  • Dec 31, 2015 3:41pm Dec 31, 2015 3:41pm
Quoting clivepackham
Hi Jason Only just realised you had a thread here... Great trading by the looks of it, but then I didn't expect anything else... Will be reading through with interest and looking to take some of your hrly signals on a 1 minute entry, could be fun and if it works even better.. Will drop in on a regular basis to see how its done properly... Wishing you a prosperous new year...
​Welcome Clive. I hope all is well with you. Here's to a great 2016!
Today's zone = Tomorrow's opportunity!
  • #235
  • Dec 31, 2015 3:42pm Dec 31, 2015 3:42pm
Quoting Rinehart
{quote} This ended up a really nice winner!
Today's zone = Tomorrow's opportunity!
  • #236
  • Jan 1, 2016 3:00pm Jan 1, 2016 3:00pm
Hi,

I am just starting out with VSA and picked up your journal from 'VSA with Malcolm' thread, hope you don't mind me joining as there is some great info on here
and am really impressed with what you do. As always you guys make it seem very simple and I am able to follow it all in hindsight but really struggle when it's all in real time.....ha ha

Merry Christmas and Happy new year to you.
  • #237
  • Jan 2, 2016 7:33am Jan 2, 2016 7:33am
Quoting Rioja
Hi, I am just starting out with VSA and picked up your journal from 'VSA with Malcolm' thread, hope you don't mind me joining as there is some great info on here and am really impressed with what you do. As always you guys make it seem very simple and I am able to follow it all in hindsight but really struggle when it's all in real time.....ha ha Merry Christmas and Happy new year to you.
Welcome aboard.
Today's zone = Tomorrow's opportunity!
  • #238
  • Jan 4, 2016 10:28am Jan 4, 2016 10:28am
Check out that EURUSD chart at LO today. Initial move was a fake out, break out upwards which the SM used to fill sell orders. Think of how many break out traders were more than willing to buy the break of Thursday's high when they saw price pushing up and through right at LO. As we saw not long after the break was a fake and after some more DIS to fill more sells price took out the low of what was today's UHV bar and then tested and completed a killer 2BR (my favorite kind of 2BR in fact) on the 30 min chart as we were coming into NYO. After that we've been on a downward track but it all started with that sucker move at LO.

Awesome stuff.

No surprise to see exceeded ADR's today after the markets were closed Friday. First few days back after the New Year tend to be a bit crazy as everyone get's themselves back into position.
Today's zone = Tomorrow's opportunity!
  • #239
  • Jan 4, 2016 10:36am Jan 4, 2016 10:36am
Quoting pres78
{quote} Chart... Should've held for more {image}
​ES (S&P) down over 63 points today... wow! and all without me after I closed out Thursday. Ah well. Could've grabbed a short off the low of the LO zone around NYO but never did. Take a look at where price capped on ES during first 3 hours of trading... zone low from Thursday you say? Well isn't that interesting ..​.
Today's zone = Tomorrow's opportunity!
  • #240
  • Jan 4, 2016 11:13am Jan 4, 2016 11:13am
EURAUD, short 5080, SL 5090. Target 1 5060 for 2:1. Target 2 is open and will trail SL if this trade does materialize into a runner.
Today's zone = Tomorrow's opportunity!
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