vsa with Malcolm

Quoting Hawkins

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{quote} VZA lays out the playing field. If you take the ADR and add it to the 50% level of YVZ you get 1.3452, mark off that 1.3452 and scroll back on H1 and look for HV zones around that level, which is the H1 from Nov. 11, 2016. Now we have our playing field. The yellow line is YVZ, the white line is TVZ and the green line is the H1 from Nov. 11, 2016. Do you see how USDCAD didn't have much room to go up from those 2 bar reversals? When you're looking for trades the first thing that should cross your mind is how much can you get out of your trade?...

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Quoting LuckyMind

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{quote} Awesome explanation! I got a question - when we calculate potentail R:R - we have to count nearest lvl of potentional taking profit zone? Or we can aim to 50% for example?

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Quoting Hawkins

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{quote} *Edit* I think I misunderstood your question, as far as calculating I would use the 100% of the green fib to calculate, but I wouldn't take profit until I started seeing SOS. No you wouldn't necessarily take profit at the nearest level. USDCAD at the moment looks like sellers are in control because of how price has pushed down and stayed below YVZ (yellow fib). So in this example lets say that price pushes up to the 50% of the yellow fib and we find a short entry there, I wouldn't consider taking profit at the nearest level which is the...

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Quoting Hawkins

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{quote} VZA lays out the playing field. If you take the ADR and add it to the 50% level of YVZ you get 1.3452, mark off that 1.3452 and scroll back on H1 and look for HV zones around that level, which is the H1 from Nov. 11, 2016. Now we have our playing field. The yellow line is YVZ, the white line is TVZ and the green line is the H1 from Nov. 11, 2016. Do you see how USDCAD didn't have much room to go up from those 2 bar reversals? {image}

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Quoting pastsad2010

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{quote} Thanks for pointing it out. I once had ADR in my chart but it was far away from my trading area and I always aim for much lower/higher than the high/low line (not sure it is the ADR like the one you used in your chart, I found some different versions out there). This is one of them. Do you think this is right one? {image}

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Quoting Hawkins

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{quote} I'm confused by your chart. You fib'd YVZ as the bar at 17:00, but it looks like on your chart (and mine) the highest volume bar is at 20:00. The 50% line of YZV (which is the bar at 20:00) is at price 1.6200, which if you subtract the ADR of 145 from 1.6200 it should come out to 1.6055. Also the bar that you fib'd on March 1st, isn't the highest volume bar of the day. I look at 2 different brokers and both of them have the highest volume bar at 4:00 for March 1st. {image}

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Quoting pastsad2010

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{quote} Yes, it's my mistake again. The highest volume bar yesterday is at 20:00. But the one at 4:00 on March 1st is not the highest volume bar. From another broker, the chart is the same as yours. Those dashed lines are my ADR lines, I also have fib on high volume, 9 Nov but can't see it on my chart. I still don't know what are those red and green lines in your chart?

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Quoting Hawkins

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{quote} The red line is a manual line I marked off as my ADR line, I have an ADR of 140 so it came out to 1.6060. Not sure what to tell you, I watch the volume on FXCM and ICMarkets. They both have the same volume on March 1st and Nov. 9. {image}

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Quoting LuckyMind

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Here i got 4 SL and one 1:4 trade If i would moved two of SL at BE, this day would be even at + But, nevermind) Yellow - LO Blue - YZ Green - ADR zones I dont understand all SL, but since AU and GU was at 1:1 or 1:2, EJ showed to me many SOWs, but both trades failed so fast {image} {image} {image} {image} {image}

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Quoting LuckyMind

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Some questiones about zones, for anyone who trades them. I'll bring some charts and will appreciate some thoughts Chart 1: AudUsd m15. It was ND from today zone low Chart 2: EurUsd H1. It was Pres2BR from H yesterday zone. Yes, it was versus LO, but YZ have more volume. I relied on some of Pres charts, so i decide we can trade versus zone if it's on lower volume, and he mentioned if LO zone so close to YZ, we can dont even draw it. Green lines its adr zone, and yes i see move from them, but now i got nice signal from YZ H. I dont see reasons...

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Quoting pres78

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{quote} Why didn't I take the test... Combo of the white zone level and the recent swing high = too close to get even 1:1 between a break of the test bars H and that white zone level / recent swing high Entry from 50% = more room to get a decent return before we get back to an area we may fail at again. Had the test been good enough and price took off from it right away it would have done so without me.

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Quoting DonMalaya

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Can we rely on tick volume?? because tick volume is not real volume

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Quoting Sonofsin5

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{quote} No dont use it. It doesn't work. Less people using vsa the better.

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Quoting Sonofsin5

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{quote} No dont use it. It doesn't work. Less people using vsa the better.

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