Watching GU today, which I am bullish. Its a few minutes before the big news.. 4h.. Finding demand at the bottom of the 4h channel, but I wouldnt be surprised to see price test .64 again. image 1h.. Potential demand with a trend change image ...

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The reason is why I marked off the high of the bar, at the time of the red bar printing I doubt I would have been sure on whether or not the red bar was strong. On December 24th, you have 4 bars that close above the high of this bar, I would be ...

vsa with Malcolm

Lets take a look at some recent activity.. First the red bar, its very high volume, but is this bar weak or strong? Honestly its weak, but I will come back to this. But with 4h trending up, I marking off the high and waiting till a few closes above ...

vsa with Malcolm

By the time I get to the 15m, its easy breezy wait for a NS/Test in an up trend, in this case.

vsa with Malcolm

Now on to the 1h. I like to line up the trend on my 1h to the 4h, and if I see an SOW on my 1h, I will wait till I see SOS before entering on the 15m.

vsa with Malcolm

Wow such a short post and you have everyone scrambling off for Wykoff books, hopefully they realize there is more than one way to skin a cat. Okay lets start out with getting out heads straight.. This is more for me than you, as I was getting bad ...

vsa with Malcolm

That doesn't even tell you what a hidden upthrust is, just gives you definitions of a ND/NS. Use the search function in this thread and you will see hundreds of posts with examples of hidden upthrusts. BTW a hidden upthrust is an upthrusts where the ...

vsa with Malcolm

The second chart you posted is different, look at the UT it does close below the previous bar but not far off. The first chart you posted, the bar closed a lot lower than the previous bar. I see it as a wide spread down bar in an up trend, would ...

vsa with Malcolm

Drunk Ryan would like to tell sober connected that 1h weakness is not weakness if the daily sma is up. Besides the bar is not an UT because it closes well below the previous bar. If you want to trade a 5m/15m chart then don't trade against the 1h ...

vsa with Malcolm

Thanks for the heads up. Half expecting the markets to slow down quite a bit for the next two weeks. But maybe that just me going into holiday mode.

vsa with Malcolm

Christmas came early this year! Great stuff, I must have read those posts 3 time already.

vsa with Malcolm

Let me say this to you and everyone else trying to learn from this thread, before I go into your questions. If you want to find any kind of success from trading you have to make trading your own. Once you have read and understand MTM, then you can ...

vsa with Malcolm

Not trying to pick on you Kingford, but basically trading with the trend may save you from trades like these. I used hulls for a few years and then found out that I prefer a 21 sma for trend. You can see how EJ rejected the SMA and price came down. ...

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Yes, he was basically using hulls as a trend indicator, so by all means if you want to use HHs and HLs as a trend indicator then go for it. It is still the same principle of stopping volume, confirm trend has changed then entering off NS/Tests.

vsa with Malcolm

Its a good way to trade. Sounds like you need to figure out what type of trader best fits you. Swing or day trader? Aggressive or conservative? The only wrong way to trade is a way that doesn't fit you. Each have their pros and cons. If you are ...

vsa with Malcolm

Trappist called it.

vsa with Malcolm

Going into the long side of that trade you would have to know that it was a counter trend trade and to get out at the first sign of weakness.

vsa with Malcolm

I use every time frame available to me. I would be hesitant with a short right now. I like to use a 89 EMA on a 1h and 4h charts, on those TFs 89 EMA can be a tough area to break, I exited my short yesterday because of this, and I would not consider ...

vsa with Malcolm

Stay out, especially when you are first starting out do everything you can to stack the odds in your favor. A great thing about forex is the leverage, you can still make 10-15% monthly return with only 3 or 4 trades a month. The 30m chart, volume ...

vsa with Malcolm