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vsa with Malcolm

  • #27,921
  • Nov 28, 2016 5:42am Nov 28, 2016 5:42am
I know you love your zones, and happy that they put you on the short side.

But in VSA and in Wyckoff for a proper short (in this timeframe), in an uptrend you need a distribution sequence, which you clearly don't have here. In fact you have a reaccumulation looking pattern, which if you keep taking you'll profit nicely in the long run.
Price and volume reveals everything. The market moves on supply and demand.
  • #27,922
  • Nov 28, 2016 5:48am Nov 28, 2016 5:48am
Quoting Darastonius
I know you love your zones, and happy that they put you on the short side. But in VSA and in Wyckoff for a proper short (in this timeframe), in an uptrend you need a distribution sequence, which you clearly don't have here. In fact you have a reaccumulation looking pattern, which if you keep taking you'll profit nicely in the long run.
You have two high volume zones both controlled by sellers and then ND. That's all I need to be OK shorting. Sellers and no buyers = market going down. May only be temporary or a correction in a larger overall trend but that doesn't matter for me for an intraday trade. It's all about knowing when to get in and letting the market tell me when to get out.
Today's zone = Tomorrow's opportunity!
  • #27,923
  • Nov 28, 2016 6:08am Nov 28, 2016 6:08am
Quoting pres78
VSA or Wyckoff trading doesn't need to be complicated. GBPUSD for example was clear today (as were several others). UHV mark-up overnight, LO was another SOW as we failed to close over mid point of the overnight bar. 15 min chart attached showing a great ND into the L of the LO zone. Target 1 for me was Friday's highest volume 1 hr zone. Trailing the rest. {image}
"UHV mark-up overnight, LO was another SOW as we failed to close over mid point of the overnight bar." - excellent explanation, didn't notice that.

Did you take any other factors before taking this trade?
  • #27,924
  • Nov 28, 2016 6:09am Nov 28, 2016 6:09am
Quoting pres78
VSA or Wyckoff trading doesn't need to be complicated. GBPUSD for example was clear today (as were several others). UHV mark-up overnight, LO was another SOW as we failed to close over mid point of the overnight bar. 15 min chart attached showing a great ND into the L of the LO zone. Target 1 for me was Friday's highest volume 1 hr zone. Trailing the rest. {image}
Hello! Unscramble please some abbreviations
I dont get : LO, SOW

Also you said
Quote
That said for my intraday trading I don't care at all what the 4hr, Daily and Weekly charts are doing. I only care what my zones are telling me.
its very close to me, but could you tell a bit more, please?)
Well i get you use level of highest volume of previous days at h1
Tbh, i dont understand green lvl on your screenshot

Please tell about the areas that you are using at h1, it is very interesting!
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  • #27,925
  • Nov 28, 2016 6:38am Nov 28, 2016 6:38am
Quoting LuckyMind
{quote} Hello! Unscramble please some abbreviations I dont get : LO, SOW Also you said {quote} its very close to me, but could you tell a bit more, please?) Well i get you use level of highest volume of previous days at h1 Tbh, i dont understand green lvl on your screenshot Please tell about the areas that you are using at h1, it is very interesting! {image}
Well, i found out LO - its London Open
And understand now marked lvl - you place two lines on high and low of h1 LO bar .
So, how do you use them? Like typical R/S? Or you think about this as about zone, so what do you can tell about this zone?
Quote
You have two high volume zones both controlled by sellers and then ND.
Can't find dat high vol zones

I'm sorry for your persistence, I hope not disturb you a lot
  • #27,926
  • Nov 28, 2016 6:38am Nov 28, 2016 6:38am
Quoting Fred-IV
{quote} "UHV mark-up overnight, LO was another SOW as we failed to close over mid point of the overnight bar." - excellent explanation, didn't notice that. Did you take any other factors before taking this trade?
No other factors. My intraday trading is quite simple. I trade 1hr UHV zones (usually focusing on LO and NYO) and then trade entries into the levels of these zone (like a ND into the L). Sellers were in control on GBPUSD ever since that overnight bar and continued to be at LO. That ND was all I needed. Took a short back down to the 1hr zone from Friday. I trade zone to zone, nice and simple.
Today's zone = Tomorrow's opportunity!
  • #27,927
  • Nov 28, 2016 6:48am Nov 28, 2016 6:48am
Quoting LuckyMind
{quote} Well, i found out LO - its London Open And understand now marked lvl - you place two lines on high and low of h1 LO bar . So, how do you use them? Like typical R/S? Or you think about this as about zone, so what do you can tell about this zone? {quote} Can't find dat high vol zones I'm sorry for your persistence, I hope not disturb you a lot
The green line was my short entry and has nothing to do with any bars (other than being below the low of my ND entry bar).

I typically trade lower TF entries into 1hr highest volume zones for the current day and also use the previous day as entry confirmation or as targets. If the zone is controlled by bears and we get a ND or test into the low then I short. Opposite for longs.

I have posted hundreds of examples here and at my journal if you wanted to read more. I am actually not really posting anymore just wanted to pop in to show traders here to keep trading simple. The conversations seemed to be getting way too complicated.

I used to try like you to analyse bar by bar to understand what the SM were doing... how I trade now is much simpler than that. I only care about where I want to see an entry (my zones), who controls that zone (PA and volume) and finding at entry that aligns with what I am expecting to see where I am expecting to see it...

Very simple and works as well today as it did years ago when I first started posting about it here at this thread.
Today's zone = Tomorrow's opportunity!
  • #27,928
  • Nov 28, 2016 6:49am Nov 28, 2016 6:49am
Quoting pres78
{quote} No other factors. My intraday trading is quite simple. I trade 1hr UHV zones (usually focusing on LO and NYO) and then trade entries into the levels of these zone (like a ND into the L). Sellers were in control on GBPUSD ever since that overnight bar and continued to be at LO. That ND was all I needed. Took a short back down to the 1hr zone from Friday. I trade zone to zone, nice and simple.
Thank you for prompt answer. Is there a post or thread were you shared more of your approach? Never found anything like this.

I would read with pleasure.
  • #27,929
  • Nov 28, 2016 6:51am Nov 28, 2016 6:51am
Quoting Fred-IV
{quote} Thank you for prompt answer. Is there a post or thread were you shared more of your approach? Never found anything like this. I would read with pleasure.
Hundreds of posts by me here at this thread and over at my journal. Others along the way have used the zones in their own way (Liam - KinsaleForex uses with PnF).
Today's zone = Tomorrow's opportunity!
  • #27,930
  • Edited 7:50am Nov 28, 2016 7:19am | Edited 7:50am
Quoting pres78
{quote} Hundreds of posts by me here at this thread and over at my journal. Others along the way have used the zones in their own way (Liam - KinsaleForex uses with PnF).
Thank you, I'll check it.

Edit: super, excellent info, thanks for pointing it.
  • #27,931
  • Nov 28, 2016 7:59am Nov 28, 2016 7:59am
Another example of "trading the end of a corrective move on a resistance", hovewer not taken.

Left to right:

1. No Demand.
2. Squeeze.
3. Trap Up Move.
4. Upthrust.

And after an UT is No Demand (without arrow).

Market in clear downtrend, reversal precisely at former resistance (resistance at "round number" 140.00 - adds power ) Minus - move up has too much momentum, doesn't look as a clear corrective move (it's angle is too step).
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  • #27,932
  • Nov 28, 2016 8:46am Nov 28, 2016 8:46am
Long, but smaller than ordinary. ND = UT at the end of the move. Thought that it might be a good place to catch the end of a corrective move on H4 with a reletively small SL.

Closed a minute after because it didnt feel right, understood that it was bad decision, signal was to weak and "floating in the air", angle too step. I am sick so dont feel right, didnt want to put unnecessary pressure on myself, such positions are generally risky, prefer to have multiple signals, I may enter below as move clearly develops into a new trend.
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  • #27,933
  • Nov 28, 2016 8:58am Nov 28, 2016 8:58am
Quoting pres78
{quote} Hundreds of posts by me here at this thread and over at my journal. Others along the way have used the zones in their own way (Liam - KinsaleForex uses with PnF).
yours is maybe best application of VSA. Would you be willing to make a few pages with essence of your system , which would make easier to follow charts and your comments in hundreds of posts? always will be someone new interested in it and randomly reading your posts will just create same questions again...
  • #27,934
  • Nov 28, 2016 9:13am Nov 28, 2016 9:13am
Quoting ruma29
{quote} yours is maybe best application of VSA. Would you be willing to make a few pages with essence of your system , which would make easier to follow charts and your comments in hundreds of posts? always will be someone new interested in it and randomly reading your posts will just create same questions again...
I wouldn't say it's the best, just my simple interpretation. I honestly don't even trade "pure" VSA. I trade VSA style entries into my zones. My journal page 1 has some of the basics covered. I wish I had time to offer more but I don't so there won't be any summaries coming from me anytime soon.
Today's zone = Tomorrow's opportunity!
  • #27,935
  • Nov 28, 2016 9:19am Nov 28, 2016 9:19am
Quoting Fred-IV
Another example of "trading the end of a corrective move on a resistance", hovewer not taken. Left to right: 1. No Demand. 2. Squeeze. 3. Trap Up Move. 4. Upthrust. And after an UT is No Demand (without arrow). Market in clear downtrend, reversal precisely at former resistance (resistance at "round number" 140.00 - adds power ) Minus - move up has too much momentum, doesn't look as a clear corrective move (it's angle is too step). {image}
Well played!

So where was you entry? After ND from lower tf?
Also can you tell about Trap Up Move. I get its kind of fakey, but what interpretation in VSA?
  • #27,936
  • Nov 28, 2016 10:42am Nov 28, 2016 10:42am
Quoting pres78
{quote} Hundreds of posts by me here at this thread and over at my journal. Others along the way have used the zones in their own way (Liam - KinsaleForex uses with PnF).
Just learning your method, its amazing

Hope i find you Pres2BR right just at today GU m15:

Bar 1- from low level for short, increasing vol
Bar 2- make HH, lower vol, close at low and lower than previous bar open, and below tested lvl

And that most impressed - it was down move right to ADR line
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  • #27,937
  • Nov 28, 2016 10:43am Nov 28, 2016 10:43am
Quoting pres78
...there won't be any summaries coming from me anytime soon.
I hope you did not get me wrong on any way for my innocent suggestion.
  • #27,938
  • Nov 28, 2016 10:58am Nov 28, 2016 10:58am
Quoting ruma29
{quote} I hope you did not get me wrong on any way for my innocent suggestion.
Not at all.
Today's zone = Tomorrow's opportunity!
  • #27,939
  • Nov 28, 2016 11:03am Nov 28, 2016 11:03am
Quoting LuckyMind
{quote} Just learning your method, its amazing Hope i find you Pres2BR right just at today GU m15: Bar 1- from low level for short, increasing vol Bar 2- make HH, lower vol, close at low and lower than previous bar open, and below tested lvl And that most impressed - it was down move right to ADR line {image}
Yes that fits the rules and ended up as a nice move down right after to the days low.
Today's zone = Tomorrow's opportunity!
  • #27,940
  • Nov 28, 2016 11:00pm Nov 28, 2016 11:00pm
Quoting pres78
15 min chart attached showing a great ND into the L of the LO zone. Target 1 for me was Friday's highest volume 1 hr zone. Trailing the rest. {image}

that was one very aggressive trade pres, now if you could tell me why the high volume & spread of the bar right before the ND didn't bother you? thanks!

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The loss was not bad luck. It was bad Analysis - D.Einhorn
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