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vsa with Malcolm

  • #27,561
  • Jul 14, 2016 6:06am Jul 14, 2016 6:06am
Quoting TwoBooks
GBP against dollar, yen and swiss franc, Upthrusts everywhere followed by No Demands, is it a signal that after todays news there will be a strong short move? UT - red arrows, ND - blue. ND are not confirmed yet as current bar is not closed. {image}
Yes, and the result is a strong confirmation... of my modest knowledge of VSA

Now I must try to understand what went wrong, any ideas guys?
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  • #27,562
  • Jul 14, 2016 8:27am Jul 14, 2016 8:27am
todays - uk rate ec
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  • #27,563
  • Jul 14, 2016 8:31am Jul 14, 2016 8:31am
Quoting TwoBooks
{quote} Yes, and the result is a strong confirmation... of my modest knowledge of VSA Now I must try to understand what went wrong, any ideas guys? {image}

nothing went wrong
1. you are not following VSA basic rule of 3 ( charts)
2. trading anything smaller then a 5 minute chart on spot market is not possible for a number of reason
- I am not going to get into
it can be used as the 3rd chart - I have personally have found even this, I end up losing money.
I only trade the 3 min chart as the 3rd chart in a very fast market

cheers
  • #27,564
  • Jul 14, 2016 9:34am Jul 14, 2016 9:34am
managing trade as to TradeGuider VSA rules
use the 2nd of the 3 charts as the trading chart (here its the 15 minute)
Moved SL (Stop Loss) down, based on more bars moving against trade
See bars in area 1- 1 -2 bars. I placed SL 2 pips over the 2nd green bar
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  • #27,565
  • Edited 9:58am Jul 14, 2016 9:48am | Edited 9:58am
Quoting TEB63
managing trade as to TradeGuider VSA rules use the 2nd of the 3 charts as the trading chart (here its the 15 minute) Moved SL (Stop Loss) down, based on more bars moving against trade See bars in area 1- 1 -2 bars. I placed SL 2 pips over the 2nd green bar {image}
Hi TEB,

The 4-hour, 1-hour and 30-minute trend is still up. You kind of ignored your 3-chart rule on this one.

Cheers
  • #27,566
  • Jul 14, 2016 10:03am Jul 14, 2016 10:03am
Quoting pooh123
{quote} Hi TEB, The 4-hour, 1-hour and 30-minute trend is still up. You kind of ignored your rules on this one. Cheers



lol - well you are kind of right - rate stuff happen very fast -



1 & 4 hour massive weakness (TB) (but not under the 5MA)
15 min massive weakness (TB) and mushrooming
3 minute massive weakness and mushrooming

really trading in a fast market using the 15 and 3 min in line with the 4 and 1 the hour

good see though on your part you are understanding the system - congrads


TB is one of the strongest signs in VSA
  • #27,567
  • Jul 14, 2016 10:04am Jul 14, 2016 10:04am
taken out

also a simple 1- 2- 3 - break would have taken me out

the SL is for 25 or more pips its not a (-) or a loss

cheers
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  • #27,568
  • Jul 14, 2016 11:06am Jul 14, 2016 11:06am
Quoting TwoBooks
{quote} Yes, and the result is a strong confirmation... of my modest knowledge of VSA Now I must try to understand what went wrong, any ideas guys?
I will post more on this later............

My first question to you is, what is the current trend?

If the current trend is DOWN, then you did nothing wrong. Trading is about probabilities not certainties.

If the current trend is UP, then you did a few things wrong. In order to get short, you would first need to see a CHANGE IN BEHAVIOR. That is, a change in trend and then you would look to get short. But even if you did wait for the CHANGE IN BEHAVIOR, trading is about probabilities not certainties.............

Did you enter a trade right before a known Red News event???????????
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #27,569
  • Jul 14, 2016 8:39pm Jul 14, 2016 8:39pm
Hi TEB,

I don't understand two of the terms you use. Could you please explain them ?

TOB- Take Out Bar
TOS- Take Out Strength

Thanks in advance
  • #27,570
  • Jul 14, 2016 9:21pm Jul 14, 2016 9:21pm
Quoting HiddenGap
{quote} I will post more on this later............ My first question to you is, what is the current trend? If the current trend is DOWN, then you did nothing wrong. Trading is about probabilities not certainties. If the current trend is UP, then you did a few things wrong. In order to get short, you would first need to see a CHANGE IN BEHAVIOR. That is, a change in trend and then you would look to get short. But even if you did wait for the CHANGE IN BEHAVIOR, trading is about probabilities not certainties............. Did you enter a trade right...

HG as normal what you say is right. BUT the other side is VSA talk a lot about manipulation. also you need to remember forex is the wild west with little controls and so a 1 minute chart you are going to get hit hard. as well remember there is a real forex market that companies like Ford uses and if they send 20,000 cars to the Uk from the USA the pound is going to jump and on the one minute charts it will be a giant volume and or bar.

very hard to trade

teb
  • #27,571
  • Edited Jul 15, 2016 8:12am Jul 14, 2016 9:26pm | Edited Jul 15, 2016 8:12am
quote=pooh123;9030555]Hi TEB, I don't understand two of the terms you use. Could you please explain them ? TOB- Take Out Bar TOS- Take Out Strength Thanks in advance[/quote]




they are VSA tradeguider terms -both are traps

TOB is a bar that takes out the last two or more highs or lows of the last two bars - normally against the trend

TOS is a 2nd bar move back under a 1st bar of strength - normally the 1st bar will have very low or very high volume,


cheers

teb
  • #27,572
  • Jul 15, 2016 1:04am Jul 15, 2016 1:04am
Thanks. Now I understand.
  • #27,573
  • Jul 15, 2016 8:03am Jul 15, 2016 8:03am
might watch the 3 or 5 minute chart or a possible entry after news
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  • #27,574
  • Jul 15, 2016 9:31am Jul 15, 2016 9:31am
you know I wish other would show there trades on
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  • #27,575
  • Jul 15, 2016 9:54am Jul 15, 2016 9:54am
closing out before euro closes great week with VSA
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  • #27,576
  • Jul 15, 2016 10:05am Jul 15, 2016 10:05am
Quoting TEB63
closing out before euro closes great week with VSA {image}
That is a fall ! More than 100 pips.
  • #27,577
  • Jul 15, 2016 9:26pm Jul 15, 2016 9:26pm
Quoting TEB63
you know I wish other would show there trades on {image}
Actually I did short GBPUSD. However, I only captured a fraction of the pips you did. Exited too early and I didn't make re-entries. What is the GMT time zone of your broker's server ? I'm analyzing your entries.

Cheers
  • #27,578
  • Jul 16, 2016 5:57am Jul 16, 2016 5:57am
Quoting pooh123
{quote} Actually I did short GBPUSD. However, I only captured a fraction of the pips you did. Exited too early and I didn't make re-entries. What is the GMT time zone of your broker's server ? I'm analyzing your entries. Cheers

NY
-make your time that as its only down time in forex (futures) is after ny close
so its the best time start and close

cheers
  • #27,579
  • Jul 18, 2016 7:56am Jul 18, 2016 7:56am
quick oil trade
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  • #27,580
  • Jul 19, 2016 11:26am Jul 19, 2016 11:26am
Great to see this thread is still active
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