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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #361
  • Edited 9:48am Mar 2, 2009 3:08am | Edited 9:48am
Quoting nyse1982
GOING LONG!
LOOKING GOOD SO FAR!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 63 KB
  • #362
  • Mar 2, 2009 3:58am Mar 2, 2009 3:58am
Quoting Gator
Not sure if I have gotten any better over the weekend totally understanding how to read VSA but, I think I am heading in the right direction....using my TA indicators and the help with VSA I was able to take 90 pips out of the AUD/USD tonight. I have never been able to predict the absolute bottom but, with the help of VSA I NAILED IT!!!
Care to post a chart.

Thanks.
Amis
simple....
  • #363
  • Mar 2, 2009 7:48am Mar 2, 2009 7:48am
hi

anybody know if you can make the default volume indi in metatrader..
make a sound if like it reach a predefined level...or maby change colour of the bar.....would be great
StopLoss is for none belivers... Trust the Gurus..
  • #364
  • Mar 2, 2009 8:51am Mar 2, 2009 8:51am
Still 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.
Attached Image (click to enlarge)
Click to Enlarge Name: vol.jpg Size: 49 KB
  • #365
  • Mar 2, 2009 9:46am Mar 2, 2009 9:46am
Quoting nyse1982
LOOKING GOOD SO FAR!
Here was the following chart from the trade I place earlier for this pair..closed out at AUD/[email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 67 KB
  • #366
  • Mar 2, 2009 9:47am Mar 2, 2009 9:47am
i dont know..and dont care...have just noticed something on my charts..id like to test out...
StopLoss is for none belivers... Trust the Gurus..
  • #367
  • Mar 2, 2009 10:01am Mar 2, 2009 10:01am
Quoting lillelise
i dont know..and dont care...have just noticed something on my charts..id like to test out...
Please don't let the previous post from that member scare you, VSA works and it works good..I'm placing trades using this strategy proof that it's working.
  • #368
  • Edited 11:56am Mar 2, 2009 10:04am | Edited 11:56am
Today on USDGBP there's a interesting downtrend, noted that all big volumes week last max, max contract and last day, are closed together, below this area the VSA confirms the downtrend.
See that now price is under today max vol, wait to see if can go down again or stop downtrend, probably it could move down again cause there aren't big obstacle under this level, expects for a probable little retracing and then for a confirmation or less from the VSA.

Lubo
Attached Image (click to enlarge)
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If I know how, I tell You!! Few but Good!!
  • #369
  • Mar 2, 2009 10:06am Mar 2, 2009 10:06am
lol not scared....just testing what i see...
StopLoss is for none belivers... Trust the Gurus..
  • #370
  • Mar 2, 2009 10:10am Mar 2, 2009 10:10am
Quoting LuboLabo
Today on USDGBP there's a interesting downtrend, noted that all big volumes week last max, max contract and last day, are closed, below this are the VSA confirms the downtrend.
See that now price is under today max vol, wait to see if can go down again or stop downtrend, probably it could move down again cause there aren't big obstacle under this level.

Lubo
Lubo is that tradeguider??
  • #371
  • Mar 2, 2009 10:17am Mar 2, 2009 10:17am
Quoting nyse1982
Please don't let the previous post from that member scare you, VSA works and it works good..I'm placing trades using this strategy proof that it's working.
If so it should be an easy task to explain why.
And given the fact that broker volumes on MT4 are totally random what makes you so sure that your broker is the one with the tick volume that works best?
  • #372
  • Mar 2, 2009 10:18am Mar 2, 2009 10:18am
Quoting nyse1982
Lubo is that tradeguider??
No Nyse, it's always NinjaTrader.

Lubo
If I know how, I tell You!! Few but Good!!
  • #373
  • Mar 2, 2009 10:20am Mar 2, 2009 10:20am
Quoting Tjpld
Still 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.
VSA works, but regarding volume on lower TFs you are right!
I use daily TF, and not as a stand alone trading system!
This is the only method that "can" show you what is smart money doing.
If you know better method feel free to share
forexflash
  • #374
  • Edited 10:39am Mar 2, 2009 10:23am | Edited 10:39am
Quoting Tjpld
If so it should be an easy task to explain why.
And given the fact that broker volumes on MT4 are totally random what makes you so sure that your broker is the one with the tick volume that works best?
Okay so whats your point? I think when we setup this forum it was established already. If you've read Tom Williams book you would know that he clearly explains where no volume is available use tick volume.
  • #375
  • Mar 2, 2009 10:25am Mar 2, 2009 10:25am
So what do you see Lillelise that you are testing?

As for the forex volume not being consolidated and different by broker argument, I have to wonder if the following analogy would apply?:

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 volume of all of the water in all of the oceans of the world together into a single body of water to prove that sharks exist?

Just a wild thought, I could be totally off here - sorry.
- Bowen (a.k.a. Wolf)
  • #376
  • Mar 2, 2009 10:26am Mar 2, 2009 10:26am
Quoting Tjpld
If so it should be an easy task to explain why.
And given the fact that broker volumes on MT4 are totally random what makes you so sure that your broker is the one with the tick volume that works best?
U think future Volume are better?
I use it, cause it's true contracts volume , but u know that price on spot FX and future FX are the same, and global volume on spot are very bigger than future.
Which of the two market can moves the other?

Lubo.
If I know how, I tell You!! Few but Good!!
  • #377
  • Mar 2, 2009 10:31am Mar 2, 2009 10:31am
Quoting nyse1982
Okay so whats your point? I think when we setup this forum it was established already. If you've read Tom Williams book you would know that he clearly explains where no volume is available use tick volume. I haven't seen you post one trade using this VSA strategy yet your coming in here claiming something that really is of no substance..Before you people come dogging a system lets see you post some charts,were are your trades! I've posted several charts showing how I clearly trade VSA using the tick volume. Thiers no ta indicators or nothing, so...
I guess you're mixing up negativity with criticism.
Why should I post my charts? That would be pretty boring since I trade naked charts. I'm well aware that when there is no real volume you have to use tick volume. So my point is that even tick volume is bullshit. I even posted evidence. Now you say my post is of no substance? lol
Because you fail to proof why MT4 Volume has any relevance and instread rather respond in a childish way I guess MT4 volume really seems to be pure bullcrap.

@ForexFlash

Good response. That makes sense. Thanks.

@LuboLabo

Futures Volume might be better because everyone is working with the same data there since it comes from
a real exchange. Like price quotes.
Everyone has the same information. That's my main point. No one is working with the same volume data if you
are looking at MT4.
  • #378
  • Mar 2, 2009 10:41am Mar 2, 2009 10:41am
Quoting Tjpld
................................

Futures Volume might be better because everyone is working with the same data there since it comes from
a real exchange. Like price quotes.
Everyone has the same information. That's my main point. No one is working with the same volume data if you
are looking at MT4.
I think the same. But sometimes, especially on asian session and out of CME open time, when on future there is really little volume, the spot volume may work better.
What do u think about?

Lubo.
If I know how, I tell You!! Few but Good!!
  • #379
  • Mar 2, 2009 10:52am Mar 2, 2009 10:52am
Quoting LuboLabo
I think the same. But sometimes, especially on asian session and out of CME open time, when on future there is really little volume, the spot volume may work better.
What do u think about?

Lubo.
Of course there is very little volume on CME on that time. CME opens and closes. The real OTC Spot Forex Market does not. Spot Volume is not available in any kind that why people try to guess what is going on depending on how much pricequotes arrive in a certain time. Now if you compare HotspotFX Institutional Price Feeds and InterbankFx you will notice that on Hotspot a new quote comes in multiple times during a second. On Interbank the feed is very slow. That's why tick volume is dramatically different in every aspect with everybroker. Drawing conclusions becomes impossible. You need information that is completely universal in order to use it as a trading tool. Like your normal price chart. Everybroker will have the same type of candle at the same time displayed to all traders.

On a central stock exchange every has access to exactly the same volume data making it valuable for trading.
  • #380
  • Edited 11:20am Mar 2, 2009 11:07am | Edited 11:20am
Quoting Tjpld
..................
Drawing conclusions becomes impossible. You need information that is completely universal in order to use it as a trading tool. Like your normal price chart. Everybroker will have the same type of candle at the same time displayed to all traders.

On a central stock exchange every has access to exactly the same volume data making it valuable for trading.
That's true, but i' have compared the VSA Analysis on both, and there's not a big difference, certainly it should be used in a more comprehensive analysis, and not alone.
Lubo.

P.s. However i prefer to use Future Volume, since there is the possibility.
If I know how, I tell You!! Few but Good!!
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