Thanks Cyberforex, appreciate your input. Springs are definitely an important principle, but I do want to note they are Wyckoffian and not a part of VSA. Tom Williams mentions a spring board which is a low volume shakeout, but springs are never ...

vsa with Malcolm

Question for anyone. When is a heavy volume test bullish and when is it more likely a sign that supply is present? Attached is an example. With #28, there's above average volume but the market just pushes higher. The only other textbook VSA ...

vsa with Malcolm

Came across this post which made me think immediately of Laurentiu's method. What makes it unique for me is that he uses value areas as price breaks outside of a range to help predict whether the trend is sustainable or likely just excess price or a ...

[Book] Price Action Breakdown - Laurentiu Damir

In my Notion trading journal, I add an entry to my Daily Report Card every Pomodoro (25 minutes). Here are the metrics that I capture: image The first 8 metrics are out of 10 altho if I have a really great showing in a metric, I might occasionally ...

Simulating (to) Success with VSA

I've pivoted strongly towards backtesting within the last week. I realized that there's a difference between understanding VSA versus executing VSA profitably . I want to use this journal a lot more to have others hold me accountable ...

Simulating (to) Success with VSA

D'oh! Looks like we might see a failed test play out today. FWIW, I feel like I'm getting the background right which is the part w/ the most ambiguity, so now I just need to work on the timing. On a different note, I am building out my trading ...

Simulating (to) Success with VSA

Ehhh. Too much strength still, and the S&P500 is putting in a test bar on the daily also. image Closed out my position but will keep an eye out to see if there's a lack of full follow-through tomorrow via a ND bar.

Simulating (to) Success with VSA

Weekly VSA review by Jako McPorker: video

vsa with Malcolm

Thanks Pranith. On another note, I took another bet on XLE. I'm like a dog with a bone but I like the price action early on. My stop is beyond the last lower high to the left: image I made an out-of-the-money bet via March $85 puts. I rarely go ...

Simulating (to) Success with VSA

Speaking of resetting & getting back on the grind, I put in my two weeks notice w/ my job and plan on throwing myself 100% into trading the markets. I just want to state that this is not a decision on a whim. I have been saving my money for a while ...

Simulating (to) Success with VSA

Stopped out of CVX today. I mentally checked out and didn't manage the position as well as I could've I also tried my hand at XLE again and was stopped out of that as well. On the sidelines licking my wounds for now. Energy is stronger than I ...

Simulating (to) Success with VSA

No new fills. My existing trades expired, but I set up new trades just now. With JPM, I am trying to enter on an upthrust. Definitely not my typical MO as I'd much rather prefer a No Demand bar, but this is the 3rd time price is testing this area ...

Simulating (to) Success with VSA

Was stopped out of XOM and closed out my JPM trade prematurely. In terms of my open positions, I do wish I added to my XLE position though thanks to today's selloff: image Today, I made a purchase on CVX puts as well. Feel ...

Simulating (to) Success with VSA

Not a fan of today's close. There's no volume to the downside so there's not a lot of supply to push the markets lower. It's possible that there's a stronger move lower tomorrow, but what I think is more likely is a low volume rally or chop until ...

Simulating (to) Success with VSA

My XLE postion lost money again today. Still profitable overall and I've locked in 80% of the position for profit already. If XLE retests the trendline, then I'll look to add to the position, but otherwise, I'll just keep an eye on it: image XOM ...

Simulating (to) Success with VSA

Marked up the S&P 500 via Laurentiu's method: (Used the Weekly chart initially for brevity, and then switched to the 2D to fit in the recent price action (too much data for the Daily chart) Strong Initial Uptrend that starts to fail image Weakness ...

[Book] Price Action Breakdown - Laurentiu Damir

Trading is a skill you learn just like anything else. Make sure that the way that you learn/retain info/practice is in line with current research papers to optimize your results. Variability, not repetition, is the key to mastery - Scott H. Young ...

Simulating (to) Success with VSA

Sold 2 XLE contracts going into yesterday's close. Got 3 remaining but might close them out EOD today Markets are showing some short-term strength today. If the best case scenario occurs, I might load up on some SPY puts: image Stalking CAT again ...

Simulating (to) Success with VSA

Looks like the market is gapping lower without me. I don't want to chase it, so unless I see some clear setups develop after the open, I'm going to sit on my hands and wait for a pullback. I still think I was probably a tad premature in my analysis ...

Simulating (to) Success with VSA