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Volume Spread Analysis (VSA) Discussion 2 replies
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DislikedStill don't get it why the MT4 Volume indicator should be of any help.
If you compare different Brokers you will get totaly different signals.
Please spare me with the "Activity Indicator Crap". Especially on
low timeframes the size and shape of the volume bars will vary even
greater if you compare them.
Same Pair Same Zoom Level, different Broker.Ignored
DislikedHi Tjpld,
Even though they are not identical, they behave the same way, ie when one broker has high vol, so does the other one; and most of the time they are statistically the same. See my post 90 on this thread.Ignored
DislikedSo you would probably agree with my earlier posted theory then? I think we are saying the same thing and I tend to agree with you:
There are different oceans (brokers) that fish swim in. There are different sharks (SM) which feed on the fish that swim in different oceans. The fish don't really move the volume indicators that much in those various oceans in as much as the bigger sharks in those individual oceans do. Even multiple sharks in the same ocean compete against each other for the fish food supply. So is it really necessary to combine the...Ignored
DislikedSo you would probably agree with my earlier posted theory then? I think we are saying the same thing and I tend to agree with you:
There are different oceans (brokers) that fish swim in. There are different sharks (SM) which feed on the fish that swim in different oceans. The fish don't really move the volume indicators that much in those various oceans in as much as the bigger sharks in those individual oceans do. Even multiple sharks in the same ocean compete against each other for the fish food supply. So is it really necessary to combine the...Ignored
DislikedAnswer me this. If there is no central place to record forex trades, how do they (brokers) get the price within a pip or so of each other? Why do we accept that the price is valid and say the tick vol is bs?Ignored
DislikedAnswer me this. If there is no central place to record forex trades, how do they (brokers) get the price within a pip or so of each other? Why do we accept that the price is valid and say the tick vol is bs?Ignored
DislikedExcellent point, fxtrader2k7. If you're going to throw out the tick volume as invalid, don't you also have to question the price as well? Like throwing out the baby with the bathwater!Ignored
DislikedLook on GU, little on 3 min chart, little after my previus GU post, there are a two stopping volume and VSA confirmed price go back to max today vol.
On EU the price ranged between max vol as on my prev. EU post.
Lubo.Ignored
DislikedBecause Price is (within 1-2 pips) the same on all charts. Same Highs and Lows.
Tick Volume is dramatically diffrent on every broker you look at. On one you have consecutive rising volume bars on the other one you don't.
Show me a price chart which has bullish candles on the one broker and bearish candles on the other broker at the same time.
You just can't compare those two (Price and tick volume)Ignored
DislikedDid you read my post #90? Did look at the line graph? The two lines are almost laid on top of each other. Looks like they follow each other pretty closely.Ignored
Dislikedfxtrader2k7,
This was a 1H comparison. Just curious, in your assessment, do you find that the larger the timeframe (Daily), the closer the alignment and the smaller the TF (5 min.) the more divergence? Or does that even play into it at all?
Thanks!Ignored
QuoteDislikedLooks like they follow each other pretty closely.
DislikedI have attachted a screenshot of Daily Volume Data from 2 MT4s and VTTrader.
Just look how unrandom they are. It's unbelivable.
Now imagine what it's like on M15. ^^
How do you explain one bar making a new high and on the other broker it's making a new low?
I thought they follow each other with a certain factor...Ignored
DislikedI have attachted a screenshot of Daily Volume Data from 2 MT4s and VTTrader.
Just look how unrandom they are. It's unbelivable.
Now imagine what it's like on M15. ^^
How do you explain one bar making a new high and on the other broker it's making a new low?
I thought they follow each other with a certain factor...
http://img25.imageshack.us/img25/479/volume2.th.jpgIgnored
DislikedTjpld, Im pretty sure you made this with photoshop
just to make people here nervousIgnored
DislikedOk so whats your point, are you trying to discuss the validity of VSA or what? You focus on tick volume and how its so unreliable and how you can't trade with it. Please show the room then which method you trade with and how your method is so much better..Please back up your claims with some live trades, because so far I haven't seen anything but you downplay a method or strategy that people have been using for years. I think it's been established that its valid and can be utilized to trade with so please stop beating the dead horse!Ignored
DislikedOk so whats your point, are you trying to discuss the validity of VSA or what? You focus on tick volume and how its so unreliable and how you can't trade with it. Please show the room then which method you trade with and how your method is so much better..Please back up your claims with some live trades, because so far I haven't seen anything but you downplay a method or strategy that people have been using for years. I think it's been established that its valid and can be utilized to trade with so please stop beating the dead horse!Ignored
DislikedI'm sorry, but did I miss an important post here somewhere? Where did it say that this strategy requires trading between two different brokers and therefore their volume or price bars must match exactly?
If you sit down at a blackjack table in a casino and your dealer throws down a King, does that mean that all of the other blackjack dealers at all of the other tables have to throw down the same card as well? Yes, the game is the same at all tables but the cards will never be the same, no?Ignored