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Volume Spread Analysis (VSA) Discussion 2 replies

Volume Spread Analysis (VSA) and background 5 replies

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Volume Spread Analysis (VSA) and the EURUSD 3 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #421
  • Mar 3, 2009 2:57am Mar 3, 2009 2:57am
Quoting nyse1982
BBP/USD LONG
I got out with 4 pips for the fact that the volume didn't show real strength in relation to candle 2! So I got a with a few pips here Also, I should have recognized that hammer!
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  • #422
  • Mar 3, 2009 3:03am Mar 3, 2009 3:03am
Quoting nyse1982
BBP/USD LONG
Hi nyse1982 - I'm behind on your thread due to overwork elsewhere....http://www.forexfactory.com/images/icons/icon11.gif

Might I suggest that you remove the unused space on the top section of your posted chart by moving all of the tool bars onto a single line. I actually remove the time section as the blue clock suffices and I customise the first section by removing the Meta Editor and the Expert Advisors which I seldom if ever use......http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #423
  • Mar 3, 2009 3:11am Mar 3, 2009 3:11am
Quoting Islander
Hi nyse1982 - I'm behind on your thread due to overwork elsewhere....http://www.forexfactory.com/images/icons/icon11.gif

Might I suggest that you remove the unused space on the top section of your posted chart by moving all of the tool bars onto a single line. I actually remove the time section as the blue clock suffices and I customise the first section by removing the Meta Editor and the Expert Advisors which I seldom if ever use......http://www.forexfactory.com/images/icons/icon12.gif
EUR/USD is currently down on volume strength and the spread is increasing on a steady pace, however if you understand VSA you realize red bars show strength. Smart money is forcing prices down, before they make a rentry to push the pair back up. Also if you look at candle 1, it's volume is weak compared to candle 3, which shows me there's strength in the background looking to push the stock up..I'm looking at a rentry
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  • #424
  • Mar 3, 2009 3:26am Mar 3, 2009 3:26am
Quoting nyse1982
I got out with 4 pips for the fact that the volume didn't show real strength in relation to candle 2! So I got a with a few pips here Also, I should have recognized that hammer!
LOL - that was fast - modified chart noted

Good that you got out with a couple of pips.....I'd been long - as posted elsewhere - since the pull back to the 50% retrace in Frankies Hour and was happy to exit with nice pips as that break up to new highs stalled at the 4150 level....
Trading Levels with WRBs
  • #425
  • Mar 3, 2009 3:38am Mar 3, 2009 3:38am
Quoting Islander
LOL - that was fast - modified chart noted

Good that you got out with a couple of pips.....I'd been long - as posted elsewhere - since the pull back to the 50% retrace in Frankies Hour and was happy to exit with nice pips as that break up to new highs stalled at the 4150 level....
what chart time frames?
  • #426
  • Mar 3, 2009 6:05am Mar 3, 2009 6:05am
Quoting nyse1982
what chart time frames?

15m and 5m

http://www.forexfactory.com/showthre...98028&page=132
Trading Levels with WRBs
  • #427
  • Mar 3, 2009 6:45am Mar 3, 2009 6:45am
Greetings, my 1st time to post in this thread...


Quote
Might I suggest that you remove the unused space on the top section of your posted chart by moving all of the tool bars onto a single line. I actually remove the time section as the blue clock suffices and I customise the first section by removing the Meta Editor and the Expert Advisors which I seldom if ever use....

Islander,
very keen of u to notice that..



nyse1982,
is that your birthyear too?
nice play by play take on your trades... beginners will definitely appreciate that.
  • #428
  • Mar 3, 2009 6:53am Mar 3, 2009 6:53am
Tjpld,
in response to your 1st post here
http://www.forexfactory.com/showpost...&postcount=364
, u know that volume is broker-relative, not to mention broker times/timezones are different too. that explains why volume per broker will show up differently.

I agree with Piters. we are in a free world so let's just respect each other, shall we? should reign.



Piters,
well said, buddy. Actually it's good to know that u apply VSA.
  • #429
  • Mar 3, 2009 7:03am Mar 3, 2009 7:03am
Tjpld,

My only concern is that new traders might risk real money on this.

There are 100's of systems here and not all will make money. Will you be going in those threads with your concerns?

It is their right to know that MT4 Volume is not reliable.

I think that's been amply pointed out. However, nyse1982 has been using this unreliable data and posting many successful trades.

So you say broker should be large. That disqualifies every MT4 Broker...
So we agree on that one.

Also I would not judge a strategy based on the outcome.

What might you base it on if it's not on the outcome? I thought that's why we develope a plan or strategy and if it's successful we would use it in our trading.

If you toss a gain use a 3 pip TP and 400 pip SL and use a small position you will win. Does that say tossing a coin is a real trading strategy?

I assume you mean tossing a coin and not a gain. Let's assume you win every 5mins; that would be 3 pips x 12 (# of outcomes in an hour) x 24 (hrs in a day) = 864 pips!!! Not a bad strategy. Even at a win every hour give you 72 pips. Many traders here aim for 30 pips a day. How much different is this to a system here advocated by someone to sell the previous day's high and buy the previous day's low at the start on a new day and close out your trade at that day's close....rinse, repeat, rinse, repeat.

We get your point, you don't like tick data. Don't use tick data in your trading. Lot's of people don't like MA because they lag, so they don't use it; but you know, lot's of other people use MA and they are successful with it.
  • #430
  • Mar 3, 2009 7:05am Mar 3, 2009 7:05am
Quoting supremeChaos
Tjpld,
in response to your 1st post here
http://www.forexfactory.com/showpost...&postcount=364
, u know that volume is broker-relative, not to mention broker times/timezones are different too. that explains why volume per broker will show up differently.

I agree with Piters. we are in a free world so let's just respect each other, shall we? should reign.



Piters,
well said, buddy. Actually it's good to know that u apply VSA.
GREAT TRADE
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  • #431
  • Mar 3, 2009 7:18am Mar 3, 2009 7:18am
Quoting fxtrader2k7
Tjpld,

My only concern is that new traders might risk real money on this.

There are 100's of systems here and not all will make money. Will you be going in those threads with your concerns?

It is their right to know that MT4 Volume is not reliable.

I think that's been amply pointed out. However, nyse1982 has been using this unreliable data and posting many successful trades.

So you say broker should be large. That disqualifies every MT4 Broker...
So we agree on that one.

Also I would not judge a...
Well said! However if people review my trades, I set a 15 pip stop. I think people need to realize that when trading there's risk involved with any strategy,however if you use money management and cut your losses early and check your winners then you will win in the longrun. If you notice I management my small account with small lot size .10 or .20. You don't see me recklessly risking ridiculous amount. No system is a holy grail system.
  • #432
  • Mar 3, 2009 7:37am Mar 3, 2009 7:37am
talking about VSA, i believe i got the complete ebook (from 1 of the FF threads) of Master the markets, from either 1 of these:
http://www.tradeguider.com/mtm_251058.pdf
http://www.tradethetruth.com/pics/mtmv3.pdf
  • #433
  • Mar 3, 2009 8:32am Mar 3, 2009 8:32am
Quoting supremeChaos
talking about VSA, i believe i got the complete ebook (from 1 of the FF threads) of Master the markets, from either 1 of these:
http://www.tradeguider.com/mtm_251058.pdf
http://www.tradethetruth.com/pics/mtmv3.pdf
USD/[email protected] LONG
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  • #434
  • Mar 3, 2009 8:43am Mar 3, 2009 8:43am
Quoting nyse1982
USD/[email protected] LONG
great trade 20 pips!
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  • #435
  • Mar 3, 2009 9:26am Mar 3, 2009 9:26am
by the way,
thanks to jamalima & FOREXflash for sharing their programming talents.
  • #436
  • Mar 3, 2009 12:14pm Mar 3, 2009 12:14pm
One member requested this so.......
It is the same as visual volume & spread but with ALARM on selected level!!!

External variables:

extern bool displayAlert = true;
extern double AlertAtLevel = 50;

THE ALARM WILL RING CONSTANTLY SHOWING THE ACTUAL SPREAD IF ITS BIGGER THAN USED LEVEL!!!

Enjoy
Attached File(s)
File Type: mq4 VOLUME&SPREAD VISUAL with SPREAD ALARM.mq4   3 KB | 967 downloads
forexflash
  • #437
  • Mar 3, 2009 3:54pm Mar 3, 2009 3:54pm
Quoting FOREXflash
One member requested this so.......
It is the same as visual volume & spread but with ALARM on selected level!!!

External variables:

extern bool displayAlert = true;
extern double AlertAtLevel = 50;

THE ALARM WILL RING CONSTANTLY SHOWING THE ACTUAL SPREAD IF ITS BIGGER THAN USED LEVEL!!!

Enjoy
this sounds good, let me add that...thanks flash
Your indicators work great for me...I'm pleased with the results thus far
  • #438
  • Mar 3, 2009 4:06pm Mar 3, 2009 4:06pm
Quoting FOREXflash
One member requested this so.......
It is the same as visual volume & spread but with ALARM on selected level!!!

External variables:

extern bool displayAlert = true;
extern double AlertAtLevel = 50;

THE ALARM WILL RING CONSTANTLY SHOWING THE ACTUAL SPREAD IF ITS BIGGER THAN USED LEVEL!!!

Enjoy
So, let me understand I'm able to change the alert level...so currently it's set at 50? Which is the spread difference??
  • #439
  • Mar 3, 2009 4:29pm Mar 3, 2009 4:29pm
hey Flash, many thanks for the hard works.

do your indicator all VSA patterns?

i was googling but did not find not that could help you to write the code.

but in the Appendix of the "Marter The Markets" you can find the patterns.


best regards.
  • #440
  • Edited 5:36pm Mar 3, 2009 5:03pm | Edited 5:36pm
Quoting giraia_br
hey Flash, many thanks for the hard works.

do your indicator all VSA patterns?

i was googling but did not find not that could help you to write the code.

but in the Appendix of the "Marter The Markets" you can find the patterns.

best regards.
You know what I was thinking, what would be a good idea, I was looking through Tom Williams book and we should try to code particular signals he speaks about to look out for.For example

No Selling Pressure:shows limited evidence to downside pressure on the market -the market is effectively falling on low volume. So lets see create an alarm which will alert us when the market is falling on low volume. For the formula when can use, say the average volume for the particular day, or we can base it on a per bar basis?

No Demand Bar: this is seen after a sign of weakness.Any decrease in trading volume as a stock or pair tries to go up is a sign of weakness. So we can also either set an alarm for this also which will alert us when a bar closes higher on low volume. Tom Williams uses a two bar rule, meaning that he looks at the two candles before the previous bar to determine it.


Likely End to Rising Market

In this situation, you will have already seen a substantial rise in the market. The likely end of a rising market is hallmarked by a narrow spread, on an up-day (or bar), accompanied by very high volume. Ideally, the market should close on the high – this ‘capping’ action adds extra significance to the weakness and the price should fall immediately in this situation. If the prices are into new high ground, this will usually mark a top. How do we know this?Well, if the professional money had been bullish (there is no way they are going to give you a good deal),the spread of the day would have been wide and up. The spread is narrow because they are selling into a surge of buy orders, which prevents the price from rising too much. The market-makers are giving the buying public a good price because they have detected overall weakness and are taking profits.



NOTE

: You will sometimes see a “Likely End of a Rising Market” indicator as a market is trending

upwards on one of the waves up – the market frequently rests and goes sideways (or falls slightly)

when trending upwards. However, if the market is strong, prices will resume their upward course.

Well I believe you created an alarm for this one, so it should be adjusted to alert when the spread narrows in regards to the previous two bars.

Let's get these coded so we can make some more money, this is all here. Tom Williams maps everything out for success, thiers no reason why you guys can't make money trading this!!

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