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vsa with Malcolm

  • #27,861
  • Edited 4:31am Nov 11, 2016 4:13am | Edited 4:31am
Quoting Hawkins
Did anyone attend the TG webinar with Gavin Holmes? I'd like to hear other peoples opinions on smart center pro. I had to leave, my personal opinion is that smart center pro will be terrible for new traders. He only did a slight mention that he was looking for sells on Euro, but thankfully he talked more about Gold and JPY. When he was mentioning looking into sells on Euro we were at a major support level 1.0880. Me personally I don't sell major support, if I believe price is still bearish I simply look at other pairs and let price push down through...
There's nothing magical about smart center pro. All it does is, when there's trend alignment on multi timeframes and selected sign of weakness or sign of strength appears, it sends an alert. They probably stole that idea from me. Last year I contacted them to ask about buffer sequence number of VSA indicator as I wanted to code an EA that does exactly what smart center pro does. To code that EA I have to know the buffer sequence number of VSA indicator so that I can quote value of No Demand, Test, UT... in my EA. I explained my idea for the EA in my message. However, they never replied to my message and one year later they launched smart center pro that does exactly the same thing. It's definitely not worth $15k at which they're selling it. If you blindly follow its alert you'll lose money. Its only value is in helping you monitor many pairs. When an alarm triggers, you analyze the market and decide whether to place an entry.

Actually I don't think its a good strategy to place an entry when multi timeframes align. In my experience when multi timeframes align often time a big pull back is imminent. If you place an entry then in the direction of the trend, you'll soon find yourself in water. I only wanted my EA to send me alert. I don't necessary trade the alert.
  • #27,862
  • Nov 11, 2016 4:26am Nov 11, 2016 4:26am
Quoting Sonofsin5
{quote} I trade off as high as monthly's down to the 15 min. It depends on the trade and what I'm wanting. For example When I got caught in the GBP flash crash at the beginning of the month I was down to 5 min charts to make it back quickly that day. It all depends on what markets are doing and context. For the most part I have the 4 hour charts as my main market gauge. For futures I use the Jigsaw dom with cqg and tick charts but that a whole other thread.
Hi SonofSin, do you have a thread with your SMART VSA trades? I bought the plugin recently, like it very much, looks very promising, howewer would like to read/discuss it with more experienced traders before I'll use it live.
  • #27,863
  • Nov 11, 2016 4:32am Nov 11, 2016 4:32am
Quoting boyce
Tom Wiliams wish you resting in peace {image}
Your VSA results?

I believe a proper good bye to a great trader and educator. Great legacy.
  • #27,864
  • Nov 11, 2016 4:41am Nov 11, 2016 4:41am
Quoting Hawkins
I'm just throwing this out there for the sake of open discussion only and I mean no disrespect. I use to read the Sonic R. thread back when it was popular because it was kind of volume related. I remember 2014 and 2015 when Traderathome was trying to develop his PVSRA and he kept telling people to trade lightly. Basically what he was telling people to do was to keeping adding to their trade until they get out of bad positions. There was at least 3 occasions I can think of where NFP or some news heavy release came out and 20+ people would post that...
I saw a technique of pyramiding theat reduces risk and increases possibility of win (although I have no mathematical proof of it). A fellow trader splits his whole position (let it be 5 lots to 5 or more entries).

The main idea is to catch the main trend entering during the correction, when you don't know where precisely it ends. So if market suddenly moves too fast against you it is a signal that you skould not enter with the rest of the position, and it is some kind, I think, risk reduction. Hope explained it well
  • #27,865
  • Edited 5:17am Nov 11, 2016 4:46am | Edited 5:17am
Quoting pooh123
{quote} There's nothing magical about smart center pro. All it does is, when there's trend alignment on multi timeframes and selected sign of weakness or sign of strength appears, it sends an alert. They probably stole that idea from me. Last year I contacted them to ask about buffer sequence number of VSA indicator as I wanted to code an EA that does exactly what smart center pro does. To code that EA I have to know the buffer sequence number of VSA indicator so that I can quote value of No Demand, Test, UT... in my EA. I explained my idea for...
If I understand your idea properly - the direction of the trend is asessed by VSA signals only? Tricky, as for example upthrust can be a signal of reversal or a continuation as well depending on how it is build internally. If yes I believe your approach is much safer, trader should visually assess the situation before entering the market.

The second idea, with aligning timaframes might be a good one if, (for example) you trade (W1, D1, H4 aligned) and market signals VSA setup on M30/M15 - in the direction of the main trend. This might work, unless you are not trading against a main supply/resistance level ot a major trendline.

I have no idea how the SCM pro works, I suspect that the main premise, main benefit of this software will be a scan of many markets across many timeframes - something when done manually is time consuming. I would like to discuss with you my idea for such an inidcator (although I believe far easier to understand and trade), but regarding your experiences, not publicly, I 'll write to you directly a private message if you wish.
  • #27,866
  • Nov 11, 2016 4:55am Nov 11, 2016 4:55am
Attached Image


"You will no doubt have difficulties in analysing a chart as it unfolds bar by bar until you have trained your mind to think like a predator rather than run and act with the Herd" - Tom Williams

R.I.P
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #27,867
  • Edited 5:48am Nov 11, 2016 5:34am | Edited 5:48am
Quoting Fred-IV
{quote} I saw a technique of pyramiding theat reduces risk and increases possibility of win (although I have no mathematical proof of it). A fellow trader splits his whole position (let it be 5 lots to 5 or more entries).
Fred, you are on the right track. There is a trader called Bill Williams, ( no relation) who has written a book called Trading Chaos, he says his pyramiding system has beaten every body else in pyramiding over the last 30 years.
His first pyramid is a "toe in the water". His 2nd one is his main entry.. then he scales out (in lot size) in his next 2 entries.
Admittedly he uses Elliot wave theory to do this.. but it seems to work.
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  • #27,868
  • Nov 11, 2016 5:53am Nov 11, 2016 5:53am
Quoting FrankSA
{quote} Fred, you are on the right track. There is a trader called Bill Williams, ( no relation) who has written a book called Trading Chaos, he says his pyramiding system has beaten every body else in pyramiding over the last 30 years. His first pyramid is a "toe in the water". His 2nd one is his main entry.. then he scales out (in lot size) in his next 2 entries. Admittedly he uses Elliot wave theory to do this.. but it seems to work. {image}
Thank you Frank

It is a beautiful summary of the technique, I saw it only in action and was impressed. Definitely I will read Bill's book. Thank you
  • #27,869
  • Nov 11, 2016 6:10am Nov 11, 2016 6:10am
Quoting pooh123
{quote} There's nothing magical about smart center pro. All it does is, when there's trend alignment on multi timeframes and selected sign of weakness or sign of strength appears, it sends an alert. They probably stole that idea from me. Last year I contacted them to ask about buffer sequence number of VSA indicator as I wanted to code an EA that does exactly what smart center pro does. To code that EA I have to know the buffer sequence number of VSA indicator so that I can quote value of No Demand, Test, UT... in my EA. I explained my idea for...

Honestly, I don't know why TG is taking this direction (using trends on multi time frames) in applying VSA to FX. I mean, this could be useful but I think this is just a "safe" approach. The real power of VSA is spotting the start and the end of a trend and waiting that your entry will be aligned with the major trend, then the test/ND/NS, would let you enter far from the turn = far from a reliable SL level.


Side note: Is anyone here interested in starting a thread/conversation about VSA on stocks? I think it's a powerful tool for both stocks and FX but every instrument has its own characteristics.
We become what we think about
  • #27,870
  • Nov 11, 2016 6:24am Nov 11, 2016 6:24am
Quoting Fred-IV
{quote} If I understand your idea properly - the direction of the trend is asessed by VSA signals only? Tricky, as for example upthrust can be a signal of reversal or a continuation as well depending on how it is build internally. If yes I believe your approach is much safer, trader should visually assess the situation before entering the market. The second idea, with aligning timaframes might be a good one if, (for example) you trade (W1, D1, H4 aligned) and market signals VSA setup on M30/M15 - in the direction of the main trend. This might work,...
It's ok. They already stole my idea anyway. I learned so much from this thread. Actually I'm happy if any trader finds anything useful in our discussion. So you can discuss with me here if you want.
  • #27,871
  • Nov 15, 2016 7:51am Nov 15, 2016 7:51am
Markets don't like ultra wide up bars - Tom Williams
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Trust the Market
  • #27,872
  • Nov 15, 2016 8:30am Nov 15, 2016 8:30am
Thanks Hidden Gap and others for bringing the sad news that Tom Williams has passed away.

Its more than twenty years since I first met Tom at his house in Brighton on the South Coast of England and he brought us all a new way of viewing the markets and shared with us - back in those days for not a lot of money - his experiences.

RIP Old Friend
Trading Levels with WRBs
  • #27,873
  • Nov 18, 2016 11:19am Nov 18, 2016 11:19am
Quoting pres78
{quote} 2320 is my line in the sand for the bulls IF we are to see higher prices. A failure of that level and the bears will be back fully in control.
After a bunch of pointless meandering up, down and sideways GBPUSD is finally testing down into my line in the sand level... Will the bulls or bears take ownership. We shall see.
Today's zone = Tomorrow's opportunity!
  • #27,874
  • Nov 18, 2016 11:30am Nov 18, 2016 11:30am
Quoting pres78
{quote} After a bunch of pointless meandering up, down and sideways GBPUSD is finally testing down into my line in the sand level... Will the bulls or bears take ownership. We shall see.
Watching the levels off the brexit pa that everyone else has probably forgotten about? lol

Hope to see you post more.
Trust the Market
  • #27,875
  • Nov 20, 2016 3:51pm Nov 20, 2016 3:51pm
R.I.P Tom.

That's one bit of bad news we won't be going long on.

Thank you for all your lessons.
  • #27,876
  • Nov 21, 2016 2:39am Nov 21, 2016 2:39am
RIP Tom.

My entry was a bit early but what do we make of this guys?

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  • #27,877
  • Edited 7:42am Nov 21, 2016 3:03am | Edited 7:42am
Not in this but looks like it could go down to 1.00000.
Thoughts?

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*accumulation
  • #27,878
  • Nov 24, 2016 1:30pm Nov 24, 2016 1:30pm
Hi!
If someone is actively trades / studies VSA now, i would happy to cooperate
Im sure vsa + pa is all i need, and realy wanna find such diligent tryharder as me
Pm me

Also question
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  • #27,879
  • Nov 25, 2016 3:02am Nov 25, 2016 3:02am
Some backdating analysis

1-2. Effort to rise and next uptrust - first sign of weakness
3. It would be buy, cuz we see test deep candle 1 at falling volume and previous candle to 3 is pattern no supply
4-5. Again effort to rise and next uptrust - second sign of weakness. Now we are lookinf for sell
6. Three bullish candle at low volume - looks like no demand
7. Sell for PA reasons, but its kind of absorbing candle i think. Yet strictly can't describe the vsa entrances.

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  • #27,880
  • Nov 25, 2016 3:04am Nov 25, 2016 3:04am
That perennial old chestnut. Data feed. I am trading 2 accounts simultaneously & seeing very noticeable differences in Volume & OHLC bar structures.
My trading style revolves around one very reliable feed, (or I just got used to it over the years).
I do not recommend using CM Trading data feed at all for the purposes of Wyckoff VSA trading. It just does not suit my style at all. Consistent losses vs Strong profits, the evidence is there.
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