vsa with Malcolm

Quoting odines

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{quote} 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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Quoting LuckyMind

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{quote} Look at chart, we have obviously downtrend before bar 4 (test). Test in dontrend means not so much, but as we can see - actually it was sucsessfull test. So we are missing something that happens at HV bars {image}

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Quoting odines

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{quote} which pair is that? always post the pair so we can take a look.. its about trading style also Lucky.. some people do counter trend trades and make money, some like to trade in the direction of the trend (safest way if ur a beginner)... if you wait for the trend you ill miss some trades or enter latter but "you don't want all the pips, you want the easiest ones" (remember malcom saying this heh)

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Quoting LuckyMind

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{quote} It's 18 nov, cant remember the pair.. Trend is secondary, i wanna understand VSA. Im not even talking about trades/profits - just know how to determine strength for example in this case. As HiddenGap mentioned "market never lies - so if it so - market do not lie in this timeframe at this pair". So market told me he was strong, but i didnt hear that and trying to find what i am missing

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Quoting odines

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{quote} UHV down bar with next bar up can be a potential signal of strenght, but this doesnt means that the pair has to go up... if the background is full of weakness for example the market may go down overwhelming buyers, what you need to look are the background and reactions to the UHV bar About the char that u have posted: 1 - UHV down bar closing a bit off lows: Like vsa teach us, that can be a potential signal of strenght.. UHV suggest that professional money can be hidden buying on this bar while herd is selling to them. 2 - Narrow down candle...

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Quoting LuckyMind

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{quote} Have to disagree with bar 2, while volume medium by itself, it's also lower than two previous bars - no selling pressure. With the next bar up - may be thats what i missed

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Quoting odines

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{quote} Vsa is not about one candle, its all about background, maybe ur missing the background at higher time frames lucky....

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Quoting LuckyMind

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{quote} No way I analyze just one candle.. I'll just left this to you. The words im 100% with: http://www.forexfactory.com/showthre...30#post3639530

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Quoting Hawkins

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{quote} When you first came around you were like a sponge absorbing everything, now you dismiss almost everything that is said. Go back to being a sponge. Because we see a down bar on high volume it doesn't mean the market is being bought. If we only look at it that way then we will lose all of our money in a down trend. When we see high volume on a down bar, we see that professional money is active. Once we see professional money is active then that is when our jobs of analyzing begins. Are we seeing successful Tests? Are we seeing failed tests?...

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Quoting Hawkins

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I've gotten away from tests needing to be on volume less than the previous two bars, really just looking that the volume is low-ish. Right now on EU we have supply coming in, but the market still isn't ready to start shorting. {image}

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Quoting Raceletrose

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Can I ask if I can join this forum? I'm also using Wyckoff method in trading.

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Quoting LuckyMind

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1. Effort to rise bar. Something happens there obviously UHV bar, wide spread. I marked zone there, so i can later expect somethig happens there again 2. It seems like End of the Risnig market, since narrow spread, big volume up bar. Actually volume isnt high , but still more than 20 last bars. 3. Effort to fall - high volume, next bar down at wide spread and close at low 4. No Demand - nothing to add here. But look where is that ND - right at high part of our zone. It was a lot of activity last time, but ND now 5. Increasing volume with close at...

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