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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #101
  • Feb 24, 2009 3:42am Feb 24, 2009 3:42am
Quoting nyse1982
Well I usually utilize a 15 min chart, the good thing about this is to protect yourself on your entry point you can always straddle the market, which I usually do with a 5 pip differential. So lets say I get a signal on swing low and I checking the volume and spreads are narrowing, I can take my entry and go in with a straddle and when the trade goes, in my way by more then 20 pips, I usually close out the opposit position and whatever you can just ride out the trend...As you can see I straddle the market on my entry which is a backstop just incase...

I'm posting an update on this chart, I'm in the trade still i bought at 1.2686EUR/USD as shown from the orange line and last price for EUR/USD 1.2788 so up about 101 pips so far..Still using the VSA method
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 25 KB
  • #102
  • Feb 24, 2009 3:44am Feb 24, 2009 3:44am
Quoting nyse1982
I'm posting an update on this chart, I'm in the trade still i bought at 1.2686EUR/USD as shown from the orange line and last price for EUR/USD 1.2788 so up about 101 pips so far..Still using the VSA method
based on the fibo chart we have another 202 pips to go, until it retraces to 100!
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 26 KB
  • #103
  • Feb 24, 2009 3:58am Feb 24, 2009 3:58am
Quoting nyse1982
well I've actually checked out this chart for myself and I drew a fibo from 117.88 feb20@9:45 to the swing high which happens to be around the J area, because the spread narrowed to and increased in volume, clearly a sign that smart money has noticed an exhaution in the buying. So I'd actually sell at that j(high)
If you entered at the open of the next candle you would have gotten in around 121.49 and the short would not have worked as it now trading around 122.00 (since come down a bit). Your stragety of a straddle would have put you on the right side of the trade for some pips.

Is the e-book the same one as the link you provided in your earlier post?

Thanks for the quick reply
  • #104
  • Feb 24, 2009 4:04am Feb 24, 2009 4:04am
Quoting fxtrader2k7
Is it the same one as the link you provided in your earlier post?
yup!
  • #105
  • Feb 24, 2009 4:26am Feb 24, 2009 4:26am
Quoting fxtrader2k7
If you entered at the open of the next candle you would have gotten in around 121.49 and the short would not have worked as it now trading around 122.00 (since come down a bit). Your stragety of a straddle would have put you on the right side of the trade for some pips.
Looks like E/J is in a strong uptrend and looking for 61.8 or more.
Attached Image (click to enlarge)
Click to Enlarge Name: vsa ej d1.gif Size: 17 KB
  • #106
  • Feb 24, 2009 4:36am Feb 24, 2009 4:36am
Quoting fxtrader2k7
Looks like E/J is in a strong uptrend and looking for 61.8 or more.

Well I've posted fibo from several days out from when the move was first was established...i do, see that short term move upwards, your right!
  • #107
  • Feb 24, 2009 4:58am Feb 24, 2009 4:58am
Quoting nyse1982
Well I've posted fibo from several days out from when the move was first was established...i do, see that short term move upwards, your right!
we have great volume we just crossed 50 retracement on EUR/USD, I'm still in this trade last checked around entry price 1.2686, which is where the orange line is..and last price 1.2823 next barrier 61.8 retracement!
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.gif Size: 26 KB
  • #108
  • Feb 24, 2009 8:57am Feb 24, 2009 8:57am
This is very simple to code, so ill get to it this weekend!

Regards
forexflash
  • #109
  • Feb 24, 2009 9:07am Feb 24, 2009 9:07am
Another GREAT week for me so far...scalping the lower TF based on volume (mainly..see journal).
Someone programing a custom volume indcator for mt4..yay!!!
Keep me updated, please!
-Peter
  • #110
  • Feb 24, 2009 1:53pm Feb 24, 2009 1:53pm
Quoting FOREXflash
This is very simple to code, so ill get to it this weekend!

Regards
please do, thanks...so we can try out a beta version..
  • #111
  • Feb 24, 2009 1:54pm Feb 24, 2009 1:54pm
Quoting Petefaders
Another GREAT week for me so far...scalping the lower TF based on volume (mainly..see journal).
Someone programing a custom volume indcator for mt4..yay!!!
Keep me updated, please!
-Peter
well yes, its based on the VSA trading method I've been speaking about....
  • #112
  • Feb 24, 2009 2:23pm Feb 24, 2009 2:23pm
Hi nyse1982,

Thank you for sharing. I have read Tom Williams book and believe that VSA can at least enhance whatever trading strategy is already been employed by traders. Much has been said about volume in forex. Tom Williams through his company recommends e-signal as they have very credible feeds from 10 of the largest banks thus allowing for the most realistic reading of volume in the forex market.

I have been researching this topic for two months and already I have realised it's benefits. Thank you and keep up the good work.

fxpilot
  • #113
  • Feb 24, 2009 3:47pm Feb 24, 2009 3:47pm
Hi nyse1982.....

Im pretty much interested in this analysis so I coded a indicator for it,
but before further development& coding I want you to give me some more guidelines(send me a PM).

Code at picture for now shows last 7 bars(including current)....
It shows you a time to end bar....
(Vol) is volume at that bar...
(HL) is a number of pips........aka High-Low of the bar
(HC)is a number of pips........aka High-Close of the bar

So give me some more guidelines for this so I can code final & full VSA indicator!!!

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 11 KB
forexflash
  • #114
  • Feb 24, 2009 7:44pm Feb 24, 2009 7:44pm
Quoting fxpilot
Hi nyse1982,

Thank you for sharing. I have read Tom Williams book and believe that VSA can at least enhance whatever trading strategy is already been employed by traders. Much has been said about volume in forex. Tom Williams through his company recommends e-signal as they have very credible feeds from 10 of the largest banks thus allowing for the most realistic reading of volume in the forex market.

I have been researching this topic for two months and already I have realised it's benefits. Thank you and keep up the good work.

fxpilot
Thanks, the tradeguider system which his book is based on is a great system which incorporates the VSA principles. However VSA isn't hard to learn so were trying to disimalate the information from the book to see if we can put together a similar version. I'll keep you updated..
  • #115
  • Feb 25, 2009 12:56am Feb 25, 2009 12:56am
Quoting eagle4x
I plan on getting an MT4 indicator developed for VSA. If anyone is interested in going in with me on the cost of it, send me a PM.
hey i found someone who's going to code it for us, he says he'll have it by this weekend once i get it..i'll pass it to you for beta testing..
  • #116
  • Feb 25, 2009 12:58am Feb 25, 2009 12:58am
You don't know how badly I want this thing, lol. Pleeease let me test it.
  • #117
  • Feb 25, 2009 1:10am Feb 25, 2009 1:10am
[quote=Petefaders;2562613]You don't know how badly I want this thing, lol. Pleeease let me test it. [/quote

Yeh, sounds promising, have you read T. Williams book?
  • #118
  • Feb 25, 2009 1:32am Feb 25, 2009 1:32am
Is it Forex Flash? If so, he's waiting for an answer to post# 113.

Quoting nyse1982
hey i found someone who's going to code it for us, he says he'll have it by this weekend once i get it..i'll pass it to you for beta testing..
  • #119
  • Feb 25, 2009 1:44am Feb 25, 2009 1:44am
I want to beta test it,too!From where to get this indi?
  • #120
  • Feb 25, 2009 2:05am Feb 25, 2009 2:05am
Quoting vladv
I want to beta test it,too!From where to get this indi?
Once i get the first copy, I'm going to distribute it around for beta testing..Hopefully will have good results!!
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