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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #61
  • Feb 22, 2009 4:40pm Feb 22, 2009 4:40pm
Amazes me how some of these people sware to be experts on the topic because they have knowledge on how to read a pricing indicator OR Oscillator, I bet over 80% can't even trade period if you didn't have those indicators, period..Amazing but back in the early 20's-70's these indicators didn't even exist. How do you think traders made money? what do you think they referred to price action and volume. You got people saying the method doesn't work when jesse livermore, t. williams and r. wykoff all traded using this method..You mean to tell me that it doesn't work when thier's proof of the guys becoming successful using this method.They claim it doesn't work for the simple fact these people can't even learn how to do it. We've become so lazy instead of learning a new method which can actually help you predict price movement in real time we rather use an indicator which lags price action and market movement. Not saying that indicators aren't useful but have an understand of why and how currency or stocks move before you sware that your an expert.
  • #62
  • Feb 22, 2009 4:47pm Feb 22, 2009 4:47pm
Call me stupid but isn't the volume indicator strictly based on trade info pumped into your signal service or broker?
History is written by the victors.
  • #63
  • Feb 22, 2009 4:51pm Feb 22, 2009 4:51pm
Quoting nyse1982
Amazes me how some of these people sware to be experts on the topic because they have knowledge on how to read a pricing indicator OR Oscillator, I bet over 80% can't even trade period if you didn't have those indicators, period..Amazing but back in the early 20's-70's these indicators didn't even exist. How do you think traders made money? what do you think they referred to price action and volume. You got people saying the method doesn't work when jesse livermore, t. williams and r. wykoff all traded using this method..You mean to tell me that...
Dude, volume works well in the stock market because it can be measured.

Volume you're using is broker volume, not the volume of the whole forex market.
  • #64
  • Feb 22, 2009 4:52pm Feb 22, 2009 4:52pm
Quoting Money-RX
Call me stupid but isn't the volume indicator strictly based on trade info pumped into your signal service or broker?
You are not stupid.
  • #65
  • Feb 22, 2009 4:54pm Feb 22, 2009 4:54pm
If I were doing VSA, I'd be using esignal or some other charting package that has a number of interbank volumes.
  • #66
  • Feb 22, 2009 5:11pm Feb 22, 2009 5:11pm
Quoting NuckingFuts
If I were doing VSA, I'd be using esignal or some other charting package that has a number of interbank volumes.
That is exactly what I mean. If your volume indicator isn't including dealers such as Deutsche, Barclays, Citi, RBS, Mitsubishi, and a few others that account for the highest volumes what good is it?
History is written by the victors.
  • #67
  • Feb 22, 2009 5:16pm Feb 22, 2009 5:16pm
nyse1982 just doesn't get it. His entire system is based on something that doesn't exist in the spot forex market - measurable, reportable volume. He either doesn't understand this basic fact, or doesn't want to believe it. Regardless, the system is flawed because its major premise is flawed - its really that simple. Its hard to argue with someone who can't seem to be able to do a little bit of research. Folks like Sun Trader who have been trading and studying the markets longer than this guy's been alive can't possibly know what they're talking about...
  • #68
  • Feb 22, 2009 5:21pm Feb 22, 2009 5:21pm
Quoting Money-RX
what good is it?
No good at all. You're gambling that those who use the same broker are the 5-10% that are consistently profitable.

I bet "jesse livermore, t. williams and r. wykof" don't use metatrader either.

They'd be using a charting package that at least has a number of interbank volumes.
  • #69
  • Feb 22, 2009 5:29pm Feb 22, 2009 5:29pm
Quoting NuckingFuts
No good at all. You're gambling that those who use the same broker are the 5-10% that are consistently profitable.

I bet "jesse livermore, t. williams and r. wykof" don't use metatrader either.

They'd be using a charting package that at least has a number of interbank volumes.
Read this FX volume analysis http://www.newyorkfed.org/FXC/ from the New York Fed. Statistics are amazing.
History is written by the victors.
  • #70
  • Feb 22, 2009 5:39pm Feb 22, 2009 5:39pm
Quoting Money-RX
Read this FX volume analysis http://www.newyorkfed.org/FXC/ from the New York Fed. Statistics are amazing.

are you able to get a eur/usd chart of 15min up now, i want to prove that vsa works and ill tell you what the next bar will close at
  • #71
  • Feb 22, 2009 5:41pm Feb 22, 2009 5:41pm
Quoting Money-RX
That is exactly what I mean. If your volume indicator isn't including dealers such as Deutsche, Barclays, Citi, RBS, Mitsubishi, and a few others that account for the highest volumes what good is it?
Hello all, very interesting thread!

There seems to be a lot of discssion/argument over the reliability of the tick data from one single market making broker... but ignoring that fact for one second, is the theory sound?

What about using an ECN provider that aggregates price feeds from multiple sources? I'm thinking along the line sof an MBT etc. Would this solve the problem?

Failing that, can someone recommend a reliable feed for volume data? I would prefer a spot quote as opposed to a futures quote.

Thanks, looking forward to checking into this thread.
  • #72
  • Feb 22, 2009 5:47pm Feb 22, 2009 5:47pm
Quoting nyse1982
are you able to get a eur/usd chart of 15min up now, i want to prove that vsa works and ill tell you what the next bar will close at
You have my attention...
  • #73
  • Feb 22, 2009 5:47pm Feb 22, 2009 5:47pm
Quoting freedom30
Failing that, can someone recommend a reliable feed for volume data? I would prefer a spot quote as opposed to a futures quote.
You're missing the point. There is no reliable feed for volume data because it (volume data) does NOT exist.
  • #74
  • Feb 22, 2009 6:04pm Feb 22, 2009 6:04pm
Quoting Money-RX
Read this FX volume analysis http://www.newyorkfed.org/FXC/ from the New York Fed. Statistics are amazing.
I see volume survey from October of last year - which is prepared after the fact.

Anything else you care to point to.
  • #75
  • Feb 22, 2009 6:30pm Feb 22, 2009 6:30pm
Quoting nyse1982
Amazes me how some of these...
Maybe it's best kept a secret anyway.
  • #76
  • Feb 22, 2009 6:32pm Feb 22, 2009 6:32pm
Even though the forex volume reported by your particular broker may not be an accurate representation of true forex volume....Maybe by comparing the volume of current bar with the previous bars volumes and also the price action of the bar(s) we could get an idea of where the "smart" money is trading...

I'm not sure I explained myself clearly but I guess what I am trying to say is that the MT4 actual volume number is not as important as would be the relationship between the volumes of different bars.

nyse1982...Is that about right?
Maybe you could do a better job explaining than I just tried to do.
  • #77
  • Feb 22, 2009 6:44pm Feb 22, 2009 6:44pm
Quoting SunTrader
I see volume survey from October of last year - which is prepared after the fact.

Anything else you care to point to.
I was just attempting to point out how difficult it would be to measure live the incredible number of transactions and dollar amount.
History is written by the victors.
  • #78
  • Feb 22, 2009 6:45pm Feb 22, 2009 6:45pm
Quoting nyse1982
are you able to get a eur/usd chart of 15min up now, i want to prove that vsa works and ill tell you what the next bar will close at
OK.
History is written by the victors.
  • #79
  • Feb 22, 2009 6:55pm Feb 22, 2009 6:55pm
Quoting nyse1982
are you able to get a eur/usd chart of 15min up now, i want to prove that vsa works and ill tell you what the next bar will close at
An hour has passed since this post or 4 15 min bars and no call for where any of the bars would close.

If or when you will do this at what time within the 15 minute bar will you say where it will close? With a minute to go, huh? No pressure.
  • #80
  • Feb 22, 2009 7:35pm Feb 22, 2009 7:35pm
Quoting SunTrader
An hour has passed since this post or 4 15 min bars and no call for where any of the bars would close.

If or when you will do this at what time within the 15 minute bar will you say where it will close? With a minute to go, huh? No pressure.
haha, you're funny man..a devoted naysayer. I can respect that. But for me and my little scalping method, I use mt4 volume and make pips. It's all live in my journal if you want proof. If you come buy I can keep you updated on what I'm seeing...if you still disagree, that's cool.
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