vsa with Malcolm

Ye, i know, i though there are analogy exist

Still backtesting and sometimes found such trades. If i would trade i would catch SL here, cuz i would place it above ND high or above previous bar high.
The reason why i place SL's so tight is cuz i prefer fixed 1:4 R:R and there are many cases when price just touch TP and then unfolds. So if i would place SL a bit farther. then i will not reach my TP.

Anyway, im interesting how you would place SL at this trade and why?

If someone interesting.
I found that the price marked up exactly to higher lvl of marked zone. This zone i marked by lower wick of HV bar. Such as this wick is activity of buyers.

Good morning, traders.

I am looking at EJ.



Yesterday we had a Shake-Out. Am looking for a long from here possilby on a lower timeframe.

Any feedback on Shake-Outs is highly appreciated.
Cheers,
Wmn

Hello everbody!

There are some charts below.
First two its a clear down trends with up bars at low volume. Im interesting which one you would or would not trade and why, cuz i noticed that there are a lot of failed ND's at downtrends. Thinking about how to filter them.
(Added one more chart)

Last one is failed long, but its nice entry for me. What i am missing?

Regards

Hi Lucky,

I am still new to this type of analysis but I'll share my two cents for what it's worth.
I took your charts and modified them as I see fit with nots on the charts.

This is your first chart.



I wouldn't have taken the first candle you marked. It is a No Demand and shows weakness with the close at the lows and would have been a
profitable trade with a stop above previous Up-Thrust. But I don't like immediate No Demand Candles immediately after a move down. I like to see some pullbacks before taking No Demands. Ideally close to resistance. The two other marked candles would be the ones I'd get interested. The third being an Up-thrust would be an ideal entry me thinks.

Your second chart.



I don't really like both or your marked candles. But if I had to choose I'd favour the first one. The candle that follows would be an interesting Price Action candle to take a trade off (pinbar below resistance). Your second candle is far to low to consider a No Demand for me. The lower wicks before show some support at that level. I'd rather wait for a break and test at that level. It didn't break but pulled back. I marked to more three more candles that I'd be looking to short. I know this is hindsight analysis. But I like my trades to be close to support or resistance. The first arrow shows some sign of rejection. I'd call this an Up-Thrust. With the stop above resistance would still be a good trade. But the best entry would have been the third arrow, as that confirms the weakness in the background. The candle I marked in the middle is an interesting one. I don't know if I had taken that at this stage. But with benefit of the hindsight would have been a great entry. Volume is lower than the peak volume (7-8 previous candles). Wide spread close on the high but not being able to violate resistance would catch my attention. The very next candle down on slightly increased volume. I think that would have been a valid entry. But the confirmation comes with the third marked candle. And that would be the best entry in my view.

Your 3rd chart



The NS (candle 2) would be a good trade. But again, I like the market to move away first and than pull back. So most probably I'd have passed that trade.
I like the pinbar that penetrate old resistance now support. The following candle is an ideal test and would put my entry closer to resistance. I assume this was just before news. So might have passed this trade also. But volume wise we could have take the high volume candle as a setup and trigger as price was not able to violate support. But if we let news pass and wait a bit, there is pullback to support with the third arrow. Low volume on down move would be sufficient enough for me to consider a trade. Cause we are right at support.

Your 4th chart



All your marked candles would have been profitable trades with stop above resistance. I marked two more candles that are very interesting. The first marked candle is the type of No Demand I look for. Right at resistance. The second marked candle is a great indication to look for shorts. We have a high volume wide spread up with a close at the highs, followed by an UT. volume is slightl above average, so a good signal to look for further weakness to come.

Hope I am not off with my thoughs.

Cheers,
Wmn

Hey, Thanks for the expanded answer

Dont know how to attach images like you did, so will just refer to them.

Chart 1. I found resistance at low of bar 1, since volume was pretty high and i could it trigger line. Actually i dont like first ND after strong movement, but really i seen a lot of times they work. Both second low volume entries was from another HV low. I think at VSA lvls at HV bar weigth the most, but cant make some rules to follow (what lvls to trade and what do not like here at bar 1 and 2). Tbh i dont think bar 3 is UT cuz of middle close, its rather ND for me, but its definetly short signal so nvm

Chart 2. Im not a big fun of bis SL's (and who is) and trying to place stops just a bit higher than bar high. Actually i did trade next bar after first i marked. Its increasing volume hidden UT right after ND. Notice its at HV wick, i think its make sense. My second marked bar wat from HV low also.. Your first arrow not UT for me too, closed at middle. And last one was after 18:00, im trying do not trade at that time, cuz there are almost all bars at low vol.

Chart 3 (at your post). Yeah, so i am, thats why i dint trade NS and entered at pull back.. I thinked it was touched so i can trade. No possibilities for me to entry at your arrows.

Chart 3 (at this post). The reason why i didnt wait for price back to marked HV low, is because i thought that will be downtrend but if this lvl would be reached, it will not be downtrend already. Yes it was nice short after UHV UT you marked, but my trend indicator showed me bullish, so i missed them.
Hm, while volume is increasing i think its not ND for me.

Chart 4. One more chart that makes me sick

Hi LuckMind,

Could you please share your indicator xSuperTrend? Thanks a a lot.

Best regards,

Dogol

Hello! Sure, its here:
https://www.forexfactory.com/showthread.php?t=329399

Hi all,

I am monitoring GBP vs AUD. This asset has been moving on low volume since March, which makes the analysis rather difficult.
I'll try my self anyway and look for some feedback.

Price did break out of a congestion today on low volume. This zone is a Doji on the weekly timeframe. At the same time we have a break
of a previous high. The break of the recent high is on low volume. The volume did increase compared to yesterday, but is still
low. I am not looking for a trade at the close of the daily candle. But this break above does catch my interest. I take this a sign of weakness.
Price is at the same time testing a resistance level. So we may see some activity here.



Looking forward for your feedback.
Cheers,

Hi Guys

Been a bit busy as of late to follow the thread. Just checked the thread now at 1.30am .

Whatsmyname

I have no signal showing at all with SMART . Given my little knowledge of VSA I am only going off what I can interpret with the information that it provides me . And on D1 there isn't a sign of weakness as yet , also the background timeframe hasn't changed to weakness as of yet .

What is of more interest right now is on the GBP/USD H4 there is a weakness sign in the background , a SMART selling pressure , and No Current warnings . Given the guidelines of SMART this is perfect for there 4 step system . And this is like the second time only I have ever seen such a set up with the system . I have actually been waiting for there automatic trader and there new version 5 since sometime in feb that is meant to speed up the learning of the system .

I will be interested to see how this actually plays out on there system as so far it only seems to have any real useable signals in the lower time frame and thus a perfect example like above might just fail .

Sonofsin5 , is that SMART that you are using ? I seem to have the same screen if I zoom in .

Thanks M3gts.

The move up on low volume caught my interest. Now we need to see further sings. I wonder what would be such sing of weakness?
The move on low volume shows lack of interest. So I reckon the move up should not sustain much.
I'l keep an eye on the daily and maybe an Up-Thrust will appear on one of these days.

Hi Guys

Well just checking the charts in the morning . And as discussed last night there was the so call perfect set up with SMART on there 4 step set up. And once again there programmed failed ! there was a move in the weakness as predicted but it was half of there EOM safe target to take profit . This is where there is no real explanation and given there trading system where if there signal fails you are to exit on the close of that bar you still would have had a profit , but as far as a continuing trading in that direction there would have no point .

Back on to the GBP/AUD Whatsmyname , there is movement in the weak / sell direction but there is no actual signal as given as yet on the Daily time frame . But looking at the background there is weakness on the scanner at all other time frames . I would be reluctant to enter for a short here given my little knowledge of VSA and there really isn't any information that I can find with what to do using SMART VSA in this instance apart from just enter the direction of the price action . That on the daily would be long ! even with the background all showing signs of weakness lol and that really doesn't make any sense at all does it .

OW and YES with that large volume spike on the shakeout on the GBP/USD tho there are a ton of warnings not to take the strength signal and place a trade I will try a reverse of what SMART is telling me without a clear indication and dropping down time frames ( they all have warnings anyway which is common given the time in the morning here before Asia open when there are Low Volumes of trade )

M3,

Could you enlighten us about the perfect setup you mentioned? I assume it is the GBP vs USD.


I saw the weakness in the yellow rectangle. But there was no follow through.
My bias for the week was bearish this asset. But I didn't get a trade.

How satisfied / dissatisfied are you with Smart VSA? Since when are you using it?

I found this thread from Shamus' thread. Am happy Malcolm opened this thread.
It is a lot to read. Any suggestions where to start and how far to read? Like reading the first 50 pages and then continue here?

I took a trade GBP vs AUD.

This is a live account.



Edit: I like to use MTFA. I monitored the higher timeframes and made my entry on m30.
Wmn

Hi WMN

The perfect set is meant to be no warnings etc following there four step set up

There documentation is here :

http://docs.smartvsa.com/documents/t...ly-in-4-steps/

and also there is this method as well :

http://docs.smartvsa.com/documents/t...ep-method-2-0/

The main problem I find is I purchased SMARTVSA in late 2016 and basically there is NO current user groups , live trading , videos or anything that can help you fully utilise the system . And as far as documentation everything seemed to have stopped in November 2016 . I also early this year purchased the SMARTVSA auto trader as this is meant to speed up your learning of the system . So far I haven't seen of heard when this is available . And then comes along SMART 5 , once again purchased this as it first said it was available and NOTHING ?

I read the the whole 400+ pages of the thread you are referring to , I wish that I could actual post in that thread but it appears locked and is just bumped up daily with information about pre purchase of SMART 5 and Auto Trader which I think everybody thought was available when they purchased it .

As far as being happy with the produce as you have seen on the GBP/USD it sometimes works , but you could maybe look at charts for 24 hours straight before seeing a set up like that . And then like your GBP/AUD trade I spotted nothing to suggest that was trade worth taking , there still isn't any signal on that pair . I often give you no actual warning and the direction of the price action goes completely against you . I have questioned this many times with SMART and they cannot give a explanation of why there signal has failed @ I have a folder of screen shots of failure of there EOM etc

There most likely is something that I am missing ( I hope ) but since there really isn't any live trading or live examples apart from some videos that you cannot even hear what is said I guess I will have to work it out . The documentation , client area that does nothing , ticketing system that is slow and then mostly doesn't work are all very big negatives with SMARTVSA .

So basically so far it isn't living up the HYPE .

I enjoy this thread and feel that learning VSA well you wouldn't need more than just a good volume indicator I hope . I am actually running a SAR arrow indicator and another direction indictor in the background atm to see how that works in taking away the confusion when SMART give you a warning that you wouldn't trade , but you trade that because more than likely it takes off in that direction . Also since there are so many signals and warning , trying to trade with there signal to signal is almost impossible , every bar has warnings @ you don't know when to stay in a trade or when to exit .

Hopefully there so other SMART users out there who can add there views .

Sounds pretty frustrating. Sorry about that.

I had a quick look at the links you provided. Now I know what you mean with EOM and other terms you use.

Looking at GBP vs USD there appears signs of weakness with the current H4 close. Might be interesting to monitor
on a lower timeframe.

Here are two assets I am monitoring at the moment. I'll sepereate both assets in two posts.

This is EUR vs GBP



The daily shows there is activity at the yellow zone. Taking a closer look.



Not sure if I read the market right. The way I read it, we have a possible shake-out. It could also be absorption.
It is too early to tell. We need confirmation. If it is a shake-out, we should see a test. Possibly a small rally follwowed by
a low volume test. If it is absosrption, we'll see No Demand bars follwoed by a high volume break of support.

Appreciate all the feeback I get.

And this is the second asset.

GBP vs AUD

Price made a move back up. Volume is slightly above average, however compared with the spread volume is pretty low.
So I am not expecting a sustained up-move.



Taking a closer look.



H1 shows that the upward move seems to run out of steam. We did have a break of a previous high on high volume. This is bullish.
Now price is at the next high (seen on the daily) and is having a hard time to violate yesterday high.
I doubt the upper wick is absorption as volume should be higher. There was a successful break of a previous high and we may see a test of that level
around 1,67 - 1,6770.

Apreciate all feedback I get.

Happy trading,
Wmn

Good Morning
I'm very interested in VSA and in your posts. I'd find very useful to have an indicator that displays the volume on candle on tests and retests of supports and resistances. just like in the image. Do you know such an indicator? is it possible to make? Maybe you find it interesting too and know how to program it. I'm sure it would make succesful trades for all.
Thanks!