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vsa with Malcolm

  • #28,321
  • Feb 7, 2017 3:50am Feb 7, 2017 3:50am
closed the eu trade at the target of 1.0660 as market seems to be stalling at this price level. It may drop later in USA or it may reverse i have no idea. BUT I got my 30 pip for the day. That's me over and out .... time for me and my harem of hot women to head out on my yacht ( like that Chinese guy on the late night infomercial on American TV) hahaha ..

PS I do not have a yacht or harem of hot women , only in my dreams lol.
Blogging daily now at www.volume.zone
  • #28,322
  • Feb 7, 2017 7:32am Feb 7, 2017 7:32am
Quoting malcolmb14
{quote} Just a quick note .... I have always found VSA principles work best with the majors .. Crosses are just a by product. Professional traders trade the majors. Maybe I am wrong .. but I found when I try applying VSA principles against crosses I get my arse handed to me 7 times out of 10 lol .. I trade EURUSD. It is not a fast mover like GBP is these day , but I understand her , and it gives me 30 pips a day, that's all I need with 2 or 3 standard lots. So what i am trying to say that if any of you are having issues with being successful at...
I'm easy so I will trade almost any pair if the set-up is there. Took a EURJPY short on the Daily chart that triggered yesterday. Awesome ND into the low of the most recent highest volume daily zone. Beautiful PA. Take out the low, false break on reduced volume of the high, back to the low, ND/UT rejection at 50%, back below the low and than a ND. Awesome set-up for how I trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiDaily.png Size: 29 KB
Today's zone = Tomorrow's opportunity!
  • #28,323
  • Feb 7, 2017 4:58pm Feb 7, 2017 4:58pm
Quoting malcolmb14
{quote} Just a quick note .... I have always found VSA principles work best with the majors .. Crosses are just a by product. Professional traders trade the majors. Maybe I am wrong .. but I found when I try applying VSA principles against crosses I get my arse handed to me 7 times out of 10 lol .. I trade EURUSD. It is not a fast mover like GBP is these day , but I understand her , and it gives me 30 pips a day, that's all I need with 2 or 3 standard lots. So what i am trying to say that if any of you are having issues with being successful at...
this was something that I was thinking about lately.. I just started trading with too many pairs. Recently I had cut some of them, was sticking with six pairs for now, some majors (eu,gu, uj) and some crosses (gy, ey, eg). I have to agree with that, the focus can bring you into a zone and the trader can get to know a pair very well, like an old friend. But, I dont know if im read to stay with only pair yet because sometimes I found the setups a bit hard to see (still need screen time!).. I think ill stay with the four majors so I can have more options and take the clearest ones
  • #28,324
  • Edited 7:10am Feb 8, 2017 6:47am | Edited 7:10am
tokyo, low volume in supply, short 1.0685...believe it will drop to 1.0616
Attached Image (click to enlarge)
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  • #28,325
  • Edited 2:13pm Feb 8, 2017 7:50am | Edited 2:13pm
Some trades below (sorry for scarce description):
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  • #28,326
  • Feb 8, 2017 4:04pm Feb 8, 2017 4:04pm
Quoting malcolmb14
This is my results for this month .... 15 trades , 13 winners , 2 losers. Just applying patience . Wanted to do this so newer traders can see its possible to beat the market. Just needs patience, do not be all over the place, take the good trades when there. Start off small if you have issues with winners versus losers ratios , until you learn to keep emotions under control and stick to a trading strategy. Its a $5000 account traded with two lots. Stops are order of 10 to 15 pip and tp 30 to 40 Trades per week 3 to 4 {image}
Hella motivated.
  • #28,327
  • Feb 9, 2017 7:09am Feb 9, 2017 7:09am
Its so funny, so i cant even be mad
Missclicked when closed another order, so i closed this one just after entering
UsdCad (m15) trolled me second day in the row so hard
Attached Image (click to enlarge)
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  • #28,328
  • Feb 9, 2017 10:28am Feb 9, 2017 10:28am
Quoting LuckyMind
Its so funny, so i cant even be mad Missclicked when closed another order, so i closed this one just after entering UsdCad (m15) trolled me second day in the row so hard {image}
awesome job of analysis.

high volume selling back into your zone, no way price was going to push through that supply on such low volume on bar 3, which the next bar confirms the ND on bar 3.
Attached Image (click to enlarge)
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Trust the Market
  • #28,329
  • Feb 9, 2017 10:43am Feb 9, 2017 10:43am
Quoting pres78
{quote} I'm easy so I will trade almost any pair if the set-up is there. Took a EURJPY short on the Daily chart that triggered yesterday. Awesome ND into the low of the most recent highest volume daily zone. Beautiful PA. Take out the low, false break on reduced volume of the high, back to the low, ND/UT rejection at 50%, back below the low and than a ND. Awesome set-up for how I trade. {image}
I'm amazed how VZA lays out the playing field, and I think it's starting to help me understand how to effectively aim for a lot larger r:r.
Attached Image (click to enlarge)
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Trust the Market
  • #28,330
  • Feb 9, 2017 10:56am Feb 9, 2017 10:56am
Quoting Hawkins
{quote} I'm amazed how VZA lays out the playing field, and I think it's starting to help me understand how to effectively aim for a lot larger r:r. {image}
Been preaching that for years ... glad your seeing some benefit with it.
Today's zone = Tomorrow's opportunity!
  • #28,331
  • Feb 9, 2017 10:58am Feb 9, 2017 10:58am
Quoting pres78
{quote} I'm easy so I will trade almost any pair if the set-up is there. Took a EURJPY short on the Daily chart that triggered yesterday. Awesome ND into the low of the most recent highest volume daily zone. Beautiful PA. Take out the low, false break on reduced volume of the high, back to the low, ND/UT rejection at 50%, back below the low and than a ND. Awesome set-up for how I trade. {image}
Watching 121ish level for another possible chance to add more shorts...
Today's zone = Tomorrow's opportunity!
  • #28,332
  • Feb 10, 2017 12:11am Feb 10, 2017 12:11am
Quoting Hawkins
{quote} awesome job of analysis. high volume selling back into your zone, no way price was going to push through that supply on such low volume on bar 3, which the next bar confirms the ND on bar 3. {image}
Thank you a lot for kind words

I thinked then about bar you marked - it was kind of shakeout also to me, but later VSA said me what it was.
Attached Image
  • #28,333
  • Feb 10, 2017 3:48am Feb 10, 2017 3:48am
some nice accumulation on gbp, I wanted to take this up 2535 but price is clearly struggling with the low of yesterdays HV bar so I took a partial profit.

Edited drawing.
Attached Image (click to enlarge)
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Trust the Market
  • #28,334
  • Feb 10, 2017 4:10am Feb 10, 2017 4:10am
Quoting Hawkins
some nice accumulation on gbp, I wanted to take this up 2535 but price is clearly struggling with the low of yesterdays HV bar so I took a partial profit. Edited drawing. {image}
Awesome trade, but to be honest i see too much SOW.
I would rather even placed pending under last ND..

Could you explain please, why still placed buy stop when see this ND?
Attached Image(s) (click to enlarge)
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  • #28,335
  • Feb 10, 2017 4:20am Feb 10, 2017 4:20am
Quoting LuckyMind
{quote} Awesome trade, but to be honest i see too much SOW. I would rather even placed pending under last ND.. Could you explain please, why still placed buy stop when see this ND? {image} {image}
I see that potential buying bar as very strong sign of strength. The spread is narrow compared to the previous wide spread bar and yet that SOS has higher volume.

Yes there are some failed NS bars, but I am seeing those as indicators that the market was not ready to go up. The low volume UT, if it is weak then why is the next bar up? That second test I marked is a hidden test with decreasing volume with a positive reaction so I was ready to start looking for any entry.

My entry is probably sloppy, I basically just placed a pending buy order above the successful test and waited to be taken in.
Trust the Market
  • #28,336
  • Feb 10, 2017 5:26am Feb 10, 2017 5:26am
Quoting Hawkins
{quote} I see that potential buying bar as very strong sign of strength. The spread is narrow compared to the previous wide spread bar and yet that SOS has higher volume. Yes there are some failed NS bars, but I am seeing those as indicators that the market was not ready to go up. The low volume UT, if it is weak then why is the next bar up? That second test I marked is a hidden test with decreasing volume with a positive reaction so I was ready to start looking for any entry. My entry is probably sloppy, I basically just placed a pending buy order...
Im trying to see for 2 bars to confirm low volume bar. For example the bar after following to low vol UT is confirmed that UT for me.
Will try to pay attention to etst bars with increasing volume too
  • #28,337
  • Feb 10, 2017 6:41am Feb 10, 2017 6:41am
Quoting pres78
{quote} Been preaching that for years ... glad your seeing some benefit with it.
Awesome rejection today off the 121ish level as expected. Took an intraday scalp entry off the 5 min chart. LO zone marked in yellow. The green level is the L of a 4hr zone I was watching... LO, rejection first at that 4hr L followed by a killer ND into 50% of LO zone... will trail down and see what I can get out of this. Daily entry still alive and kicking with SL safely tucked up over another key level. Will only trail it once we have new proven/tested zones to trail behind.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiM5.png Size: 23 KB
Today's zone = Tomorrow's opportunity!
  • #28,338
  • Feb 10, 2017 11:38am Feb 10, 2017 11:38am
Quoting malcolmb14
This is my results for this month .... 15 trades , 13 winners , 2 losers. Just applying patience . Wanted to do this so newer traders can see its possible to beat the market. Just needs patience, do not be all over the place, take the good trades when there. Start off small if you have issues with winners versus losers ratios , until you learn to keep emotions under control and stick to a trading strategy. Its a $5000 account traded with two lots. Stops are order of 10 to 15 pip and tp 30 to 40 Trades per week 3 to 4 {image}
Hi Malc,

with the trading size of 2 lots for $5000, is it not too dangerous? i mean from the money management point of view ...
if the price goes 250 pips against you then your're done ....

i would prefer 0,5 lot or 0.25 lot for $5000 account, much safer .... but well if you're so sure with future movement because of the full understanding of VSA ... lol

trade well ....

best regards,

dogol
  • #28,339
  • Feb 11, 2017 3:56am Feb 11, 2017 3:56am
Quoting LuckyMind
Some trades below (sorry for scarce description): {image} {image} {image} {image}
Very nice analysis.
Keep the good work.
  • #28,340
  • Feb 11, 2017 4:11am Feb 11, 2017 4:11am
Quoting dogol
{quote} Hi Malc, with the trading size of 2 lots for $5000, is it not too dangerous? i mean from the money management point of view ... if the price goes 250 pips against you then your're done .... i would prefer 0,5 lot or 0.25 lot for $5000 account, much safer .... but well if you're so sure with future movement because of the full understanding of VSA ... lol trade well .... best regards, dogol

It depends of what size of stop loss you use. You should not risk more than 3%, and by using this you can calculate your trade size.
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