I traded tick volume for over a year, and every time somebody came and brought up, that it is skewed, I always protected it the same way that "it is proven that 99% the same as real volume, etc". Then once I tried real volume out of curiosity, it ...

Hey...what about Volume?

After price, volume is the second most important thing in my trading. I also use only these two, price and volume. Volume helps me anticipating the coming moves, and also helps with the timing of the entries. Forget tick volume though. Unreliable ...

Hey...what about Volume?

No. I only use what Wyckoff himself taught. I only do the stuff what he explains in his books. Method of Tape Reading, Tape Reading and Active Trading, and Day Trader's Bible. Nothing more. I read Weis' book, not bad, but that is Weis' ...

vsa with Malcolm

Odines is right. That's why I tried to explain in September, that if you try to do both Wyckoff and VSA, you'll get confused. What is called a gotcha bar down in VSA, Wyckoff called that a sign of weakness. In VSA an upbar on high volume is a sign ...

vsa with Malcolm

Looking back I would say I did the right things 90% of the time in my journey, so mainly I would say "just do the same thing again as you did". For the last 10% I would say (this could have shortened my journey about 3-4-5, maybe 6 months), that ...

What would you do if you had to start over?

Its hard to say because it happened over a longer time, but the first signs of consistency appeared around 2 years. But I was studying and practicing trading full time as well, like those two years were pretty much trading only, both theory and ...

How do you see trading - Do you see it as a means to an end?

Full time trader here. First of all in my opinion it is impossible to do trading mainly for money. If you don't have the passion for it, just want the money, then it is a dead idea. You really have to ask yourself first, if I'm enjoying trading or ...

How do you see trading - Do you see it as a means to an end?

I only know one legit educator. All the money he makes from tuition, goes to charity (with proof). Simply, because you can make more money when you can trade. Still, it is understandable to ask money for education, even if it goes for charity, ...

Would you share your knowledge for an expensive price?

The "there is a buyer for every seller" argument is not completely true. There can be a lot of buyers and much fewer sellers, if the sellers offer more than the buyers accept, the price will move down. If there are 10000 buyers, each for 1 lot, and ...

How many units of EUR can move USD by 1 pip??

Price and volume (real volume from futures, not forex tick volume) Price to see the momemtum of the recent price swings Volume to see the buying and selling which precedes the price movement They together show me the state of supply and demand ...

Helpful Logical Indicators

You probably know the answer: - Self control - Don't take the trade if it doesn't meet all criteria - Trade bigger size, so you'll take it more seriously - Let go of the need to make money here and now, today - Have standards ("I don't take this ...

How do you eliminate the itchy hand problem?

For the daily charts, he draw candles like this. image For intraday reading the tape like this. image I don't know about the history of the terms, but Wyckoff only talkes about only a couple of them, most of them were added later probably. He ...

vsa with Malcolm

Nah, not really. On daily charts he explained some things like that, pointing at one specific day's action, but intraday nothing, there weren't even intraday charts without computers. What he did is, that as the tape came out of the ticker, showing ...

vsa with Malcolm

In my opinion Tom Williams and later Gavin and his team made sacrifices to the Wyckoff method, when they tried to create the TradeGuider program. Wyckoff is very subjective, even the Bob Evans version too. So every time there was too much ...

vsa with Malcolm

Trying to mix Wyckoff with VSA will only lead to disagreement. The reason for this is because the two strategies are very very different (even though Gavin and the TradeGuider team keeps mentioning how similar they are - not true). I did VSA for a ...

vsa with Malcolm

Yeah, usually never did go below 2-3%. But now I'm at around 4,5%, very bad last 2 weeks. How does it affect me? I'm stressing the shit out of me, question my skills and the strategy. I'm way too overreacting drawdowns.

Drawdown: how does it affect your trading and account

The first one without question. There is a period of planning before every trade, where I decide on the stop level too. The stop goes to the "danger zone". The danger zone is the level, which is when reached by the price means, that my plan was ...

how do you overcome your losing trade??

If you guys are serious about volume studies, get the free Mt5 demo for futures from AMPfutures.

vsa with Malcolm

I wonder what this spike is from Pepperstone. Okay, it happened at rollover, some spike is understandable, but 40 pips? image This is from a different forex broker called OneTrade, spike is much smaller: image And this is from a futures broker, ...

Pepperstone Forex