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Learn to Trade using VSA (Volume Spread Analysis)

  • #381
  • Mar 2, 2009 12:14pm Mar 2, 2009 12:14pm
[quote=BlackWolf;2573414]So what do you see Lillelise that you are testing?

i scalp the 1m -5 min chart and i often see high volume when price reverse..
if i can use it for anything i dont know yet....
StopLoss is for none belivers... Trust the Gurus..
  • #382
  • Mar 2, 2009 12:50pm Mar 2, 2009 12:50pm
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.
Hi 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.
  • #383
  • Edited 1:15pm Mar 2, 2009 1:03pm | Edited 1:15pm
Quoting fxtrader2k7
Hi 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.
So 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 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?

Here's another question that keeps me up at night...Are the oceans and sharks one in the same?
- Bowen (a.k.a. Wolf)
  • #384
  • Mar 2, 2009 1:13pm Mar 2, 2009 1:13pm
Quoting BlackWolf
So 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...
No, it's not necessary. Using your shark example, it seems when sharks in one ocean go feeding; all the other sharks in the other oceans do the same thing at the same time.

Answer 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?
  • #385
  • Mar 2, 2009 1:18pm Mar 2, 2009 1:18pm
Quoting BlackWolf
So 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...
Another analogy - Opinion Polls. Not every member of the population is required to answer a poll to get the popular opinion on a subject the poll attempts to address, just a sample selection is required. Opinion polls are not 100% accurate but they do provide meaningful information, without having to poll the entire population. If we consider one brokers volume stats to be a sample of the actual total volume in forex, then we may consider the information meaningful. My 2 cents!
  • #386
  • Mar 2, 2009 1:20pm Mar 2, 2009 1:20pm
Quoting fxtrader2k7
Answer 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?
Excellent 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!
- Bowen (a.k.a. Wolf)
  • #387
  • Mar 2, 2009 1:36pm Mar 2, 2009 1:36pm
Quoting fxtrader2k7
Answer 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?
Because 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)
  • #388
  • Mar 2, 2009 1:37pm Mar 2, 2009 1:37pm
Quoting BlackWolf
Excellent 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!
Well see thats what I've said this guy is discussing stuff we've already discuss..like do people read the threads before commenting??

not referring to you blkwolf! but our members who were early members of the thread know this was one of our main discussiions!
  • #389
  • Mar 2, 2009 2:01pm Mar 2, 2009 2:01pm
I know what you meant, nyse.

Trust me, I'm spending more time reviewing and re-reviewing this thread than I care to admit. To me, it's VERY interesting. Any thread that you get the naysayers coming in in hords and then continue to pound a dead horse, despite trading proof to the contrary, always catches my eye. It's like you hit a nerve too close to home or something. Some, I know, have good intentions and don't want to see you going down a dead end wasting your time (for which I'm grateful). But for others, it appears to be an ego trip (i.e., if what you say is true then everything I've ever believed and am married to that is contrary to this...could be wrong!). Point is, you have to keep an open mind about everything. I know I always try to. Remember, at one time in history everyone thought the Earth was flat and the heavens revolved around it!
- Bowen (a.k.a. Wolf)
  • #390
  • Mar 2, 2009 2:12pm Mar 2, 2009 2:12pm
Look 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.
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If I know how, I tell You!! Few but Good!!
  • #391
  • Mar 2, 2009 2:25pm Mar 2, 2009 2:25pm
Quoting LuboLabo
Look 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.
Lubo can you please give me some info on how to setup those particular charts in ninja trader??
  • #392
  • Mar 2, 2009 2:35pm Mar 2, 2009 2:35pm
Quoting Tjpld
Because 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)
Did 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.
  • #393
  • Mar 2, 2009 3:14pm Mar 2, 2009 3:14pm
Quoting fxtrader2k7
Did 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.
fxtrader2k7,

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!
- Bowen (a.k.a. Wolf)
  • #394
  • Mar 2, 2009 3:55pm Mar 2, 2009 3:55pm
Quoting BlackWolf
fxtrader2k7,

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!
Quote
Looks like they follow each other pretty closely.

I 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.jpg
  • #395
  • Mar 2, 2009 4:02pm Mar 2, 2009 4:02pm
Quoting Tjpld
I 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...
Tjpld, Im pretty sure you made this with photoshop
just to make people here nervous
forexflash
  • #396
  • Mar 2, 2009 4:04pm Mar 2, 2009 4:04pm
Quoting Tjpld
I 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.jpg
Ok 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!
  • #397
  • Mar 2, 2009 4:05pm Mar 2, 2009 4:05pm
Quoting FOREXflash
Tjpld, Im pretty sure you made this with photoshop
just to make people here nervous
Was a bit hard to get the VTTrader Volume Scale evenly stretched out so
you can compare it directly with MT4. If you lose focus just count them back
on each histogram.

But yeah you got me. I made those bars a little longer because I have nothing else to do ...

Quoting nyse1982
Ok 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!
Oh no problem. Just look for Jackos Forex House of Pleasure and Pain (over 1 Million Viewers can't be wrong ) and James16 Chart Thread. Ask people here about their reputation.
You'll be amazed.

Don't get me wrong I have nothing against VSA...on stocks. Because thats where it belongs.
  • #398
  • Mar 2, 2009 4:07pm Mar 2, 2009 4:07pm
Quoting nyse1982
Ok 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!
I can't believe were actually entertaining this guy, I haven't seen not one trade you've placed today, your so busy running your mouth on here, yet he hasn't placed not one trade. I've placed several trades today using the indcators flash created using the VSA strategy. Sso please do us all a favor and craw back into your little hole!
  • #399
  • Mar 2, 2009 4:17pm Mar 2, 2009 4:17pm
I'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?
- Bowen (a.k.a. Wolf)
  • #400
  • Mar 2, 2009 4:21pm Mar 2, 2009 4:21pm
Quoting BlackWolf
I'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?
After all price movement decides if you win or lose and thats the same
with all brokers. Regardless how their volume indicator bars developeover the same time period.
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