I would view 5 and 6 in one of two ways (both lead to the same conclusion): 1. Bar 5 is no supply. Bar 6 is a test. Not an ideal test as it closes a bit low and the volume is increasing, but still small. 2 Bars 5 and 6 are a Test over two bars. The ...

vsa with Malcolm

While this is true, I know some traders are interested in using a prop firm. Most prop firms have migrated towards the use of "block" orders. A block order has both a stop and a profit target. There's not much to be said about the stop, except ...

vsa with Malcolm

This is just my perspective, other points of view are welcome. That's how we learn. The short answer is: You should be bearish. You should be bearish until you see Bullish volume greater than or equal to the Bearish volume on that beautiful Up ...

vsa with Malcolm

Anotan delivered a masterful response, but I just wanted to add a couple of things. UTIFOND: Up Thrust (in the form of No Demand) Not in Tom's book, but he mentioned then in his webinars. The element that makes an Up Thrust an Up Thrust in the form ...

vsa with Malcolm

Brilliant. I don't know what I was thinking the first time I read your other post. I do something similar. My volume bars are coded a specific color when: 1. Volume is the highest for the last 20 intervals. 2. Volume is the highest for the last 60 ...

vsa with Malcolm

While the H1 highest volume bar for the last24 hours is still a valid concept, I am not using it. I am using the highest volume bar on the timeframe I am trading. I'd like to see some examples of this. Ultimately of course, the idea is to identify ...

vsa with Malcolm

This is a response to a PM. I have tried to be a bit ambiguous in terms of trend definition because there are numerous ways to define a trend. For example, an up trend can be defined as a series of higher highs and higher lows, or it could be ...

vsa with Malcolm

Nice work. This is not a criticism, I just wanted to point out a couple of things for everybody else. If you were to apply the trigger matrix to the highest volume bar, it sets the playing field for price. Once you've identified the strength coming ...

vsa with Malcolm

Thank you for the post. Please keep them coming. Based on the matrix, I see a couple of long entries. However, the larger issue that must first be addressed is; what is the trend? On this time frame, it appears that the trend was DOWN and then the ...

vsa with Malcolm

I would start off by saying that you're on the best source in existence right now. Right here you will find posts by Anotan, Malcom, Pres 78, Intel, and many other top notch Volume Spread Analysis (VSA) proponents. With that said, the best place to ...

vsa with Malcolm

This is a Volume Spread Analysis (VSA) 101 set-up. The highest volume interval appears on a DOWN bar. While there is certainly some buying on this interval, the interval on the whole is weak. Accordingly, this is an instance where a DOWN bar is ...

vsa with Malcolm

You can check out the site emini-watch.com. I know there was a PDF on Better Volume at one point. Like Anotan said, Better Volume wasn't specifically created for Volume Spread Analysis (VSA); however, it can be used as a complement to it. For ...

vsa with Malcolm

Agreed. I find it hard to determine which high and subsequent low to use for a trend channel. That is why I prefer the Trigger Matrix concept. It' far simpler to find the highest volume interval and place a fib on that to create the playing field. ...

vsa with Malcolm

A lot of people, myself included, make this mistake and find themselves frustrated and confused. In truth, playing the nomenclature game obscures the fact that the most important things are the volume/price concepts that underlie everything. For ...

vsa with Malcolm

Always a good thing. Never stop.

vsa with Malcolm

True, and this pains me to no end. As one who is deeply connected to the VSA method, this thread should be a hotbed of activity. More broadly, with a belief in the importance of Volume, I expect more activity in any volume-related thread. While ...

vsa with Malcolm

The two things on that chart are: 1. A simple Fibonacci tool. Which is standard on any good trading software platform 2. Better Volume. I don't use mt4, but I have to imagine its a standard tool or can be easily downloaded from any number of places. ...

vsa with Malcolm

The first two core principles of VSA are: Weakness, when it appears, usually appears on UP bars and; Strength, when it appears, usually appears on DOWN bars. Those two principles notwithstanding, there are concepts in VSA like absorption volume, ...

vsa with Malcolm

I am a total believer in the importance of trend. I would almost go as far as to say, the fact that markets trend is the only edge a retail trader really has. Notice how I mentioned the unidentified MA in the previous post. The trend isn't just your ...

vsa with Malcolm

In this example, you would be going long at the open of interval 8, which appears to open slightly above the selling bar, but definitely closes above it. Also note that if you employ the trigger matrix, it is possible to get in a trade prior to a ...

vsa with Malcolm