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vsa with Malcolm

  • #28,261
  • Jan 21, 2017 10:01am Jan 21, 2017 10:01am
Quoting MTayyab
{quote} Any specific link !
https://www.tradeguider.com/mtm_251058.pdf
  • #28,262
  • Jan 26, 2017 12:45am Jan 26, 2017 12:45am
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of late i've fallin in love with EUR/GBP
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #28,263
  • Jan 26, 2017 1:02am Jan 26, 2017 1:02am
SPOILER ALERT!!!

True weakness always appears on.....down bars, GO FIGURE!
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #28,264
  • Jan 26, 2017 1:44am Jan 26, 2017 1:44am
Quoting Vcv13
eg.jpg;2157073 of late i've fallin in love with EUR/GBP {image}
Awesome set-up i saw yesterday - all stars long
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  • #28,265
  • Jan 26, 2017 2:42am Jan 26, 2017 2:42am
How is bar 3 a stopping volume?
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #28,266
  • Edited Jan 27, 2017 12:54am Jan 26, 2017 3:32am | Edited Jan 27, 2017 12:54am
Quoting Vcv13
How is bar 3 a stopping volume?
Well, yeah it's demand coming in rather. Anyway downbar at HV with close at middle (and next bar up) - SOS.
  • #28,267
  • Jan 28, 2017 1:03am Jan 28, 2017 1:03am
Quoting odines
GU 15 looking strong to me.. {image}
Hello all I am new to forex and I keep seeing software that I like better than what I am using (MT5).

What are you using here Odines? Luckmind? and Malcom?

Also on your chart Odines in the middle where the price is you have some sort of graph based on the y-axis what is that?
  • #28,268
  • Jan 28, 2017 8:26am Jan 28, 2017 8:26am
Quoting theone964
{quote} Hello all I am new to forex and I keep seeing software that I like better than what I am using (MT5). What are you using here Odines? Luckmind? and Malcom? Also on your chart Odines in the middle where the price is you have some sort of graph based on the y-axis what is that?
Hello!
I am using MT4. Anyway for VSA you need just chart and volume - i think any platform provides it
  • #28,269
  • Jan 29, 2017 4:19pm Jan 29, 2017 4:19pm
Quoting theone964
{quote} Hello all I am new to forex and I keep seeing software that I like better than what I am using (MT5). What are you using here Odines? Luckmind? and Malcom? Also on your chart Odines in the middle where the price is you have some sort of graph based on the y-axis what is that?
Im using MT5 also, but I think there are better softwares available.. like ninjatrader, sierra and esignal

About the indicator its volume profile (volume at price), theres a thread about this http://www.forexfactory.com/showthread.php?t=277528
  • #28,270
  • Jan 30, 2017 12:16am Jan 30, 2017 12:16am
he is back ....

Trading in a trend .... simple explanation .
Attached File(s)
File Type: pdf GBPUSD,M15 - tradign in a trend.pdf   133 KB | 835 downloads
Blogging daily now at www.volume.zone
  • #28,271
  • Jan 30, 2017 1:03am Jan 30, 2017 1:03am
Quoting malcolmb14
he is back .... Trading in a trend .... simple explanation . {image}
It would be awesome if you are really back - young meat like me need some feedback

I have studied this situation just yesterday

This is how i saw it:
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  • #28,272
  • Jan 30, 2017 6:10am Jan 30, 2017 6:10am
Trading with the trend ... eurusd today
Attached File(s)
File Type: docx Jan 30th EURUSD 15 min chart.docx   81 KB | 480 downloads
Blogging daily now at www.volume.zone
  • #28,273
  • Jan 30, 2017 6:11am Jan 30, 2017 6:11am
Lucky .. good chart but in my opinion you missed the most important bar between 4 and 5. It had a higher high on high volume and closed in the lows .. good indication of SOW and co continuation of trend down
Blogging daily now at www.volume.zone
  • #28,274
  • Jan 30, 2017 6:36am Jan 30, 2017 6:36am
Quoting malcolmb14
Lucky .. good chart but in my opinion you missed the most important bar between 4 and 5. It had a higher high on high volume and closed in the lows .. good indication of SOW and co continuation of trend down
Thank you! I have problems with this type of bars - its average volume. I try do not count them in my analysis, cuz i just cant understand if they mean anything or not. The bar just before 5 (marked as white 2) have even more volume and with next bar up - generally its SOS, but since volume is average - i dont mind.

Great trade at EU. Frankly, I noticed that it difficult to join the trend for me, cuz i find a lot of contrtrend signs :
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  • #28,275
  • Jan 30, 2017 8:39am Jan 30, 2017 8:39am
Quoting malcolmb14
Trading with the trend ... eurusd today {file}
Nice. I saw and traded something very similar. The PA pattern you marked out occurred right at the low of Friday's highest volume 1 hour bar. Perfect place for a set-up. I took profit at the high of a Jan 19th zone which I had on as a target as it was close to the days ADR.
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Today's zone = Tomorrow's opportunity!
  • #28,276
  • Jan 30, 2017 10:39am Jan 30, 2017 10:39am
Quoting pres78
{quote} Nice. I saw and traded something very similar. The PA pattern you marked out occurred right at the low of Friday's highest volume 1 hour bar. Perfect place for a set-up. I took profit at the high of a Jan 19th zone which I had on as a target as it was close to the days ADR. {image}
And back up again. From the high of what was today's highest volume zone (NYO) to the low of that zone from Friday. Got in a little higher than I would have like because the set-up occurred while I was writing my previous posts... OOPS!
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Today's zone = Tomorrow's opportunity!
  • #28,277
  • Jan 30, 2017 11:41am Jan 30, 2017 11:41am
I really appreciate if someone explain the following situation, that concern me the most now.

How to determine the strength or weakness at the big bar with HV?
Sometimes it's obvious, but when the market at the trend - I am confused.

I wanna quote HiddenGap post on which I base my reasoning:

Quote
The first candle we see here is a climatic action candle indeed. It is ultra wide with ultra high volume closing off the low. The close off the low tells us that there is some demand (buying) within this candle.

VSA would say, if the next candle is up then there must have been demand (buying) in the climatic action candle.

Here we see that the next candle is down.

If the next candle had been down with a narrower range on increased volume, then that would be evidence of strength (buying) both on the second...

If summ up what i get (lets we have UHV wide spread down bar with close lower middle) :
1. If next bar UP - our bar is SOS
2. If next bar down with decreasing volume - our bar is SOW
3. If next bar down with even more volume - it must be even more buyers stepped in so its SOS

But sometimes i just missing trades, obviously because i missing something or understand it's wrong.

Some charts with examples what i am talking about:
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  • #28,278
  • Edited 6:57pm Jan 30, 2017 5:19pm | Edited 6:57pm
Quoting LuckyMind
I really appreciate if someone explain the following situation, that concern me the most now. How to determine the strength or weakness at the big bar with HV? Sometimes it's obvious, but when the market at the trend - I am confused. I wanna quote HiddenGap post on which I base my reasoning: {quote} If summ up what i get (lets we have UHV wide spread down bar with close lower middle) : 1. If next bar UP - our bar is SOS 2. If next bar down with decreasing volume - our bar is SOW 3. If next bar down with even more volume - it must be...
UHV down bar doesnt means automatic buying and and UHV up bar doesnt means automatic selling.. in fact the asnwer IMHO is that we really dont if we should get long or short after the UHV bars, you ALWAYS have to consider the background and the result after the UHV bar to understand the market to have a better ideia of whats sm are trying to do

lets say you have seen a UHV up bar for example, you know it can be both sm selling into up move (weakness) or sm absorbing weak holders (strengh) right.. our job is to identify the right side of the market, to do it ask yourself.. theres strenght in the background? is the uhv trying to break a resistance? whats the current trend? if theres a bullish asnwers then the UHV is a possible signal of strenght - absorption of weak sellers.

After the UHV up bar you have to see whats the market is telling you.. theres low volume bullish strenght confirmations signals (tests and ns) to enter? is price trying to rise on high volume closing on the lows (weakness)? just try to understand and listen to the markets

Take a look at EJ chat 15 min that you have posted.. I didnt see any reasons to go long there, higher time frames background was rly weak IMHO:
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  • #28,279
  • Jan 31, 2017 12:27am Jan 31, 2017 12:27am
Quoting odines
{quote} UHV down bar doesnt means automatic buying and and UHV up bar doesnt means automatic selling.. in fact the asnwer IMHO is that we really dont if we should get long or short after the UHV bars, you ALWAYS have to consider the background and the result after the UHV bar to understand the market to have a better ideia of whats sm are trying to do lets say you have seen a UHV up bar for example, you know it can be both sm selling into up move (weakness) or sm absorbing weak holders (strengh) right.. our job is to identify the right side of the...
Thank you very much for the answer.
The porblem is when i see what price do after UHV - i usually can find both low volume signals - nd,ns,tests.
Look my last chart, there are hidden UT following with the test.
Or better even at first chart - there are both ND and NS as the market go sideways
  • #28,280
  • Jan 31, 2017 2:24am Jan 31, 2017 2:24am
Quoting LuckyMind
{quote} Thank you very much for the answer. The porblem is when i see what price do after UHV - i usually can find both low volume signals - nd,ns,tests. Look my last chart, there are hidden UT following with the test. Or better even at first chart - there are both ND and NS as the market go sideways
I think ur missing the background Lucky, nd's at strong up trend and test/ns at strong down trend means not much... its the background that bring them to life

I always look at higher timeframes to decide if I go short or long then I use low timeframes (like 5/15) to enter at a low volume candle.. I personally like to take trades in the direction of the trend.. so if the trend is down ill go short, if the trend is up ill go long if theres a properly vsa setup.. this saved me for many bad trades
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