Sorry Intel got a phone call and had to cut my answer short. Go back to my post before the first part of my answer. I said a good place to start was with climatic action. That is why I like Better Volume. From you chart, I can assume that the bar ...

Trade Using VSA (Volume Spread Analysis)

Intel. I'm not sure what you are asking here. The bar prior to the two bar shake out is a down bar on decreasing volume. The market gaps up and creates a wide spread up bar. The wide spread bar trades higher than what appears to be a reaction high ...

Trade Using VSA (Volume Spread Analysis)

First of all few people here have a handle on the market like Malcolmb does. He is not always right, nobody is. If he disappears at times, it's because he tires of the narrow minded ones like you appear to be. You don't understand the true value and ...

EURUSD

Candles light a path in the darkness. But to light a candle, you need a wick. I am looking forward to seeing more charts and discussion about your trades. Welcome. Some food for thought. Wouldn't a bearish engulfing pattern where the candle being ...

Price is everything

They both are. They are however, different sub-sets of the Morning Star pattern. The sub set in link 1 emphasizes that the third candle open up above the middle candle. Link 2 is a sub-set where the third candle need not open up above the middle ...

Candle Stick Pattern Auto Trader

I realize this thread could be entitled Malcolmb's minions, but I'd like to make a post anyway . The truth and the irony is that there are a million ways to make money in the markets, the hard part is finding one. There's a lot I could talk about, ...

Trade Using VSA (Volume Spread Analysis)

When strength appears it appears on Down bars. When weakness appears it appears on Up bars. You two are talking about identical concepts but in the opposite direction............. When the high volume narrow range bar comes after an upmove an is ...

Trade Using VSA (Volume Spread Analysis)

Not sure what happened but there was a picture of the "dashboard". You might want to check that out. It's in one of the sub forums. EDIT: Oh, it might not be free.

Trade Using VSA (Volume Spread Analysis)

As I understand the three up bar rule that Tom uses, you need three consecutive up closes then you exit. I only see two consecutive white lines (open >close) that are up closes. I believe the good Dr. mentioned that he too uses this rule and would ...

Trade Using VSA (Volume Spread Analysis)

You join the cast of Fast Money.

You know you're over confident as a trader when.....

Phase 2 is back testing, forward testing/sim trading. Phase 3 is actual money on the line. In phase 2 one can not take the trade because of "feel" and pat himself or herself on the back if the trade goes in the wrong direction. Or slap him or ...

Nuggets of Wisdom from Jesse Livermore, Greatest Trader Ever

There are basically 3 phases a trader goes through. Phase 1: Predictive Discovery. This is the first stage and here a trader makes assumptions about what he/she sees and future events. In other words this is the "I have noticed that if price does ...

Nuggets of Wisdom from Jesse Livermore, Greatest Trader Ever

Class dismissed. lol That pretty much sums up this entire thread. No, the entire VSA Methodology. Very nice.

Trade Using VSA (Volume Spread Analysis)

Mon Amiee: You lie like a rug. LOL YOU do not "just buy (or sell)". You look at 6 different timeframes, you focus on background information from 3 days ago. You look at MAs, you look at RSI readings. You turn on TG and look for color changes in bars ...

Trade Using VSA (Volume Spread Analysis)

You may be right. I don't know nor do I care to predict markets. But if you learn to read a chart, there is no need to look at multiple ones. Having an understanding of the price action prior to any trade signal is the key. From the chart below note ...

Trade Using VSA (Volume Spread Analysis)

I don't want to derail this thread, but I had to chime in here. Your magnetic field analogy is interesting and at least partially correct. But you assessment that it is our job to see and watch what it (price) does as it approaches, hits and ...

Strat's Long Term Stress Free Trading

I may not use VSA but 5 candles prior to the No Supply is a Shake Out. The previous candle is a wide spread churn (better volume-which is not VSA) bar that closes off its lows with the next candle up. Then we see the No Supply in the range of our ...

Trade Using VSA (Volume Spread Analysis)

I am reminded of a story of a young brash trader. Let's call him Trader Joe. Trader Joe landed a job as a floor trader in Chicago and was psyched to become one of the cabal. Surely riches would ensue. He was young, attractive and going to be ...

New study shows only 1% of traders are consistently successful

A. According to what I remember, the Bureau of Labor states that 80% of all new businesses fail within in the first 5 years. If you believe that trading is a business (it is and you should view as such), then there is really no reason to think the ...

New study shows only 1% of traders are consistently successful

If that's the case, I may have found my new home. Japanese candlesticks are not very reliable on their own. One needs to understand the price action that creates them. Focusing on a hammer line will be less reliable than focusing on the price action ...

The Market Explained by candle sticks and price action