Scratched trade at break even after breach of line in the sand: image

vsa with Malcolm

Update: Opened another short after no demand behavior, tight stop a couple of ticks above the entry bar. Also compare the selling quality of the previous down move, and the buying quality of the choppy up move: image

vsa with Malcolm

Continuing our SP analysis: When NY session closed yesterday, we had strong buying coming in. That buying halted the market and it started rolling over during overnight, with more buying, making London session bullish (even though it opened below ...

vsa with Malcolm

Ok a couple more charts for today and that is it lol. Now, here is interesting: price penetrated the support where price reversed and we had a spring look alike. It halted at the lower median line with climactic action, and bullish EvR. This ...

vsa with Malcolm

Update: So now that NY session is coming to an end is a good idea to close remaining positions if you are an intraday trader. Price broke 3 support levels easily on it´s way down now, and hit the lower median line of the red pitchfork with climactic ...

vsa with Malcolm

Oh sorry about that, that Yesterday Low is the NY London low, you are correct the daily low when overnight started is lower.

vsa with Malcolm

Update: Target hit. IF trading multiple contracts, take partial profits here. If trading three contracts, the first would have given you 10 points, second 20 points, and still one in play. Drawn new line in the sand: image Next obstacles: image ...

vsa with Malcolm

Update: Our short is in profit, if trading more than one contract then would have been wise to take profits when price hit median line. Median lines adjusted one more time to adapt better to frequency of price. Next target is the lower median line ...

vsa with Malcolm

The short at the no demand would have worked out, a better entry would have been at the very next bar which was a nice reversal bar at a supply confluence with no demand: image

vsa with Malcolm

Shorting at previous no demand was a bit aggressive and would have resulted in being stopped with a very small loss: normal part of trading. I have updated the pitchfork and drew it using a mirrored BC vector, which better captured price frequency. ...

vsa with Malcolm

So we indeed had a pullback in that strong resistance area at the reversal time, and I forgot to mention that that area was also the high volume node of the previous London session. Price is revisiting the area but with lower volume, so nothing ...

vsa with Malcolm

So I forgot to mention about the reversal time. 10:00 - 10:10 is usually a reversal time in the SP. You can see price halted at the upper median line (aka "overbought in trendchannel") and printed a narrow range no demand bar, plus it is a reversal ...

vsa with Malcolm

Update - 80% rule worked: image

vsa with Malcolm

So as mentioned in previous post, NY could push in the opposite direction of London session (as it does more often than not), so even though NY opened below previous VA, in the first 30min it got accepted inside of it, so there is a 80% chance it ...

vsa with Malcolm

Yep most often than not one session goes in the opposite direction of the other, if London is pushing down, then NY MIGHT push up. We will see in a bit.,

vsa with Malcolm

Continuing with the SP analysis, the today´s London session opened below previous value area, indicating bearish sentiment, we had price expansion to the downside of the initial balance, which gave more validity to the hypothesis. During overnight ...

vsa with Malcolm

Update on the spring: image image If trading two contracts then would have scored 24 points or so in this trade.

vsa with Malcolm

Hypothetical play now, spring at sessions low, target at overnight high. If price keeps the same behavior, it is supposed to go there. image

vsa with Malcolm

Some more analysis, current S&P500: Not a good day for trading today. Narrow range, low odds plays, usually in balance days the moves are sudden and "spiky" so difficult to get in at the turns. NY session contained inside London session, it seems ...

vsa with Malcolm

So I was studying this indicator I found here in the forum called "Peak", and it seems to perform a good job marking reversals and where accumulation/distribution is starting. Of course it needs to be used with context/structure/VSA principles. I ...

vsa with Malcolm