vsa with Malcolm

Dar she blows just one more dolla almost there Seriously if it wasn't for the negative swap I'd hold it longer in case who knows if what I say about the weekly chart that this might be a bullish flag.

Edit: As I was typing target hit

Well done there! Yep looks very bullish indeed - next stop 1480!

Maybe even 1485!

hah hah thanks took profit too early though. did not think it's gonna be this good. But yeah if it wasn't for the negative swap I'll leave it at BE and then let it run. If this was a short I'd hold it longer.

1480 is last two weeks ago daily resistance let's see what happens. So far rising volume while going up it's a good sign for now.

Yep great call on 1480 - topped out and retraced overnight. However I expect the bulls to come back this afternoon and take us past 1480. Hope so anyway!

Sorry, retraced London open! Anyway either that or down to 1470 again but I really favour a move up

Thar she blows!

Fakey!!!!

Yeah major resistance needs daily candle to close above it. If it close above with flying colors maybe we retest 1520's again. But lots of news this week there's the NFP also. Maybe after that they decide on something.

Hi, found this for MT5 (search its name in the MT5 market indicator tab), i don't know how similar it is to the original ones, but it looks similar.. and the programmer even has an indicator to change into HLC bar (haven't try it) https://www.mql5.com/en/market/product/29203 and its free.. haha,..

Also sonicR volume indicator for MT5 https://www.mql5.com/en/code/22109. When you load the indicator, change in the Input tab 'Rising factor' setting from 1.0(default) to 1.5.. so that it is the same as in the code for Sonic_2 PVA Candles (Black).mq4 but there are differences shown in the chart for me even though same broker used.. however i think that it doesn't matter much...

enjoy..

you can use the tradeguider free volume indicator

share please, thanks

Yes I found the Tradeguider website but don't see anything being given away!

My butt needs kicking - was going to open a sell trade on GBPAUD an hour ago but didn't

Anyway always tomorrow!

Straight Volume Spread Analysis (VSA) trade. Okay, you know nothing is ever straight with me. Wait, that doesn't sound right.

Let's try this: Pure Volume Spread Analysis (VSA) trade. Okay, you know nothing is ever pure with me. Much better. (Thanks, I'm here all week. Try the fish).

We don't say much about Sequences, but this trade is a Sequence right out of Gavin's book.

(1) It starts with an UP interval on high to ultra-high volume that closes off its high and with the next bar DOWN. This is Supply.

(2) This is followed by a narrow range UP interval that appears on volume less than the previous two intervals. This No Demand.

(3) Lastly, we see an UP (or equal) interval that makes a higher high but closes near its low. If volume is high, this is an Up Thrust. If the volume is less than the previous two intervals, this is an Up Thrust in the form of No Demand.

Because we were in a Supply/Demand Delta Zone, I was only looking to take shorts. Accordingly, seeing this sequence piqued my interest. Rather than waiting for the close of the interval after the Up Thrust, however, I entered during its formation based on what the Market was saying via the OrderFlow.

I could see that the Aggressive Buyers were stepping away as there was a sequential decline near the top of the range. I could also see that the COT (Commitment of Traders A.K.A. the POC) was near the high of the range but the bar closed below it. The COT is the price level where the most volume traded. Since it was near the high and above the close of the interval, this told me that all the aggressive buying was into supply. VSA would say, more Supply is being dumped into the Market than there is Demand to handle it. More Supply than Demand, prices fall.

Additionally, while DELTA was still Positive, the DELTA DIFF was Positive but decreasing. I would have preferred the interval's Delta to be Negative.



NOTE: This was a 1 contract trade with 10 tick stop and 15 tick profit target. Ignore the total number of ticks shown.

i see you learnt some thing , about time i recon

Hi everyone - was a nice FF open on DAX and GBP moved down.

Watching GBPJPY - I think the consolidation is over and up move will begin again soon

Obviously NFP will effect all pairs to an extent of course

Well I bought on the news and sold quickly at 1479!

Well there is the proof of the pudding - FPmarkets is my broker and they got me out in fractions of a second!

Guys watch out because I think the drop on Gold is just a LH. May be wrong - let's see but I think we're going up in a hurry later - time will tell of course!