Hi lx, Along with HGs excellent post, take a look at this. The scenrios are not the same but, it might go some way to explaining some of the thinking behind what happens in the build up to the type of trade you were looking at.

vsa with Malcolm

SM do control the descent as per my No1. SOMETIMES they will stall price or even raise it as per my No 2. They may not stall price, just try and force it to fall to where they want it. Who said that SM does not include banks? I certainly never. ...

vsa with Malcolm

You make a good point here. I would like to pick you up on one point tho, I am a huge fan of multi TF analysis. I look at the whole range of TFs every time I trade. Mostly to confirm or refute my GENERAL market analysis. I will also trade them if I ...

vsa with Malcolm

A couple of good answers already There are several reasons for demand entering in a down move however, some times there is no demand entering at all. It just looks like it because price is rising. In no particular order:- 1 SM do want to control the ...

vsa with Malcolm

BTW gez, my comments are based squarely at the software, NOT you

vsa with Malcolm

This is where software falls down. There are no reliable VSA based entries here. Sure there are signs to be read but, how you interpret the chart is all important. In this instance, yes it works but, there are a great many times it doesn't. Also, ...

vsa with Malcolm

Thanks for that. Are there any VSA reasons for your trade?

vsa with Malcolm

Many thanks for that. Would you mind putting up a chart showing your VSA reasons for the trade so we can all learn.

vsa with Malcolm

For all you guys who are trying to learn VSA, you absolutely MUST know this book inside out. Keep it with you while you watch the charts and try to pick out the bars and their meanings. You need to be able to do this as second nature every time you ...

vsa with Malcolm

32 my god!!

vsa with Malcolm

Ooooooo there's 24 right now !!!!!!!!!!!!!!!!!

vsa with Malcolm

I do miss learning with you Hey at one point earlier, there were 21 traders in here, thats more than I've seen in a while. Please feel free to comment guys, experienced or not, all are welcome.

vsa with Malcolm

I don't use it myself but, there are many here that do. Thanks for letting us all know

vsa with Malcolm

I have to go now so I will explain quickly. Take another look at the UT. It is on volume less than the previous 2 bars. This means it is not an UT, it is a psuedo UT. These are notoriously unreliable and should be used only with great caution. I ...

vsa with Malcolm

Rock and a Hard place like it.

vsa with Malcolm

I'm quite happy to trade off 1 TF.

vsa with Malcolm

When the setup is complete, I will take it no matter where it is.........almost! It was not stopping me this time.

vsa with Malcolm

I wouldn't know about that, I don't have TG. Many of the trades I take are against the trend and this one has all of the componant parts of a good setup. However, there is no way I would take the trade.

vsa with Malcolm

Why didn't I take this sell trade?

vsa with Malcolm

Thats right. For this type of setup, the SL should be at UT high + 2 pips for best results. Of course, if that doesn't fit with your style, you should make your own mind up. But, if you put it at the ND high, you will be stopped out most of the time. ...

vsa with Malcolm