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Volume Spread Analysis (VSA) Discussion 2 replies

Volume Spread Analysis (VSA) and background 5 replies

What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply

Volume Spread Analysis (VSA) and the EURUSD 3 replies

VSA Volume Spread Analysis: No demand and accumlation 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #441
  • Mar 3, 2009 5:12pm Mar 3, 2009 5:12pm
If someone can be interested, I attached here, the explanation of the initial setup for NinjaTrader and the folder with indicators, templates and workspaces, that I use.

I do not know if it is very clear, if you have any questions, send me a PM.

Lubo.
Attached File(s)
File Type: pdf NT_Setup.pdf   78 KB | 1,295 downloads
File Type: zip NT_Vol_Analysis.zip   85 KB | 837 downloads
If I know how, I tell You!! Few but Good!!
  • #442
  • Mar 3, 2009 5:58pm Mar 3, 2009 5:58pm
See on picture the correlation between some Max Volume and Price Movement on EURUSD today.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: max_vol.gif Size: 35 KB
If I know how, I tell You!! Few but Good!!
  • #443
  • Mar 3, 2009 6:15pm Mar 3, 2009 6:15pm
Quoting Piters
Hi Tjpld,

Mate,

with all my respect to you, but if you dont believe in FX volume type of trading, why you are wasting your expencive trading time visiting this thread.

Im not here to convince you in something which you cant accept or recognize, and Im not here to waste my time or this thread space to disscuss something which you are closing an eyes from.

The VSA concept is very CLEAR: made of 3 components:

  1. candle pattern
  2. candle spead
  3. RELATIVE VOLUME [read RELATIVE, not Apsolute],

the relative [relative to other bars]...


so this is where you have been hanging out .. i found you !!! lol

you forgot one thing about VSA ... loads of traders look at the right side of the charts and forget what has happened in the background. To use VSA correctly you have to consdier what has happened in the background , a singular signal on it's own means nothing

I like the Oxford English .... lol
Blogging daily now at www.volume.zone
  • #444
  • Mar 3, 2009 6:19pm Mar 3, 2009 6:19pm
Quoting FxChi
Well said Piters. Would also like to point out this post where another member compared the volume across e-signal and other metatrader platforms. Volume was pretty similar. http://www.forexfactory.com/showpost...&postcount=121

I would tend to disagree with this .. sorry ...

I use both ...esignal has 300 sources and is more of a respresentation of tick volume than one MT$ broker.

Although broco showed the recent no demand bar on a 5 min , the subsequent upthrust was shown on Broco as being lower volume than the previous bar , whereas on esignal it was higher volume bar . This is critical as high volume on and upthrust after a no demand bar in the background is 99% of the time sellers. Broco did not show a true representation of the volume of the upthrust
Blogging daily now at www.volume.zone
  • #445
  • Mar 3, 2009 6:19pm Mar 3, 2009 6:19pm
Quoting malcolmb14
so this is where you have been hanging out .. i found you !!! lol

you forgot one thing about VSA ... loads of traders look at the right side of the charts and forget what has happened in the background. To use VSA correctly you have to consdier what has happened in the background , a singular signal on it's own means nothing

I like the Oxford English .... lol
Well spoken, true voice of the people or as i call them pipsters Now can we please get someone to code those indicators I suggested...time is money..and I need to pay for my new expensive pool..
  • #446
  • Mar 3, 2009 6:25pm Mar 3, 2009 6:25pm
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!


sorry but you are talking about 2 candles here and VSA .... the 2 do not go in the same sentence ....

I trade with VSA with about 90% accuracy when the set ups present themselves (3 nice trades on gj in asia so far for 90 pips)_, you have to look at the background , not just 2 candles , but up to 50 or more. , to see what the buyers and sellers are up to .

Not sure how long you have been using VSA , but best off to look at Tom Williams book and tradeguider ( they do some nice free educational seminars)
Blogging daily now at www.volume.zone
  • #447
  • Mar 3, 2009 6:27pm Mar 3, 2009 6:27pm
Quoting malcolmb14
I would tend to disagree with this .. sorry ...

I use both ...esignal has 300 sources and is more of a respresentation of tick volume than one MT$ broker.

Although broco showed the recent no demand bar on a 5 min , the subsequent upthrust was shown on Broco as being lower volume than the previous bar , whereas on esignal it was higher volume bar . This is critical as high volume on and upthrust after a no demand bar in the background is 99% of the time sellers. Broco did not show a true representation of the volume of the upthrust
I agree, however, tick volume can be traded using MT4 thats what I've been showing. However, using an esignal like you says gives you a clearer picture but MT4 is not far off the beaten path. So for users who want to pay for esignal feed, you should do it and you will get probably a clearer picture. The fact is alot of user's don't have the money to pay the hefty fees and also don't have time to practice the learning curve to understand a program like e-signal.So they trade the poor man's platform MT4. Can you be successful trading VSA on MT4 yes. It would be more feasible once are members can start to make consist profits to upgrade to esignal or those more advanced platforms. For the time being, we have basic indicators that are reliable and certainly work..
  • #448
  • Mar 3, 2009 6:28pm Mar 3, 2009 6:28pm
Quoting nyse1982
Well spoken, true voice of the people or as i call them pipsters Now can we please get someone to code those indicators I suggested...time is money..and I need to pay for my new expensive pool..

splash the cash ... buy tradeguider ..... the new rt version 3.0 is worth it .. they serach on multiple time frames across multiple stocks / fx / futures etc for vsa signals

once you get good at this stuff , it becomes second nature , sometime i see things on esignal charts that tradeguider does not call up as a VSA signal
Blogging daily now at www.volume.zone
  • #449
  • Mar 3, 2009 6:30pm Mar 3, 2009 6:30pm
Quoting nyse1982
I agree, however, tick volume can be traded using MT4 thats what I've been showing. However, using an esignal like you says gives you a clearer picture but MT4 is not far off the beaten path. So for users who want to pay for esignal feed, you should do it and you will get probably a clearer picture. The fact is alot of user's don't have the money to pay the hefty fees and also don't have time to practice the learning curve to understand a program like e-signal.So they trade the poor man's platform MT4. Can you be successful trading VSA on MT4 yes....
Thats why I came out with this forum to show people a cheaper way to using VSA, so they don't have to spend thousands of dollars to get those high profile systems, do they work of course..Is tradeguider an amazing system yes...however if I'm a newbie to trading, lets be realistic do I have 3k just laying around to purchase that no...Let the people make some money then you can feel free to upgrade and buy the expensive system, by then you would have earned it and really have a through understanding how they work!
  • #450
  • Mar 3, 2009 6:30pm Mar 3, 2009 6:30pm
Quoting malcolmb14
splash the cash ... buy tradeguider ..... the new rt version 3.0 is worth it .. they serach on multiple time frames across multiple stocks / fx / futures etc for vsa signals

once you get good at this stuff , it becomes second nature , sometime i see things on esignal charts that tradeguider does not call up as a VSA signal


here is 5 min gj chart

Attached Image (click to enlarge)
Click to Enlarge Name: ym202.png Size: 161 KB
Blogging daily now at www.volume.zone
  • #451
  • Mar 3, 2009 6:32pm Mar 3, 2009 6:32pm
Quoting malcolmb14
splash the cash ... buy tradeguider ..... the new rt version 3.0 is worth it .. they serach on multiple time frames across multiple stocks / fx / futures etc for vsa signals

once you get good at this stuff , it becomes second nature , sometime i see things on esignal charts that tradeguider does not call up as a VSA signal
ok lets split your profits so we can help people afford tradeguiders The general members on here don't have 3k to plop down on that system..Heck wouldn't be surprised if some people risk thier tax return money on trading forex..
  • #452
  • Mar 3, 2009 6:37pm Mar 3, 2009 6:37pm
Quoting nyse1982
ok lets split your profits so we can help people afford tradeguiders The general members on here don't have 3k to plop down on that system..Heck wouldn't be surprised if some people risk thier tax return money on trading forex..
I study people for a living and one thing is most people like is a bargain or heck anything free..This is why Walmart is the most powerful company period. You think they got that way by selling overpriced merchandise, no they nickel and dimed there way to the top..so naturally more people are going to gravitate to something that is inexpensive to free then something they have to cough up big money for! We have excellent coders in this room anyway who can probably replicate many of those indicators used in those systems!
  • #453
  • Mar 3, 2009 6:37pm Mar 3, 2009 6:37pm
Quoting nyse1982
Thats why I came out with this forum to show people a cheaper way to using VSA, so they don't have to spend thousands of dollars to get those high profile systems, do they work of course..Is tradeguider an amazing system yes...however if I'm a newbie to trading, lets be realistic do I have 3k just laying around to purchase that no...Let the people make some money then you can feel free to upgrade and buy the expensive system, by then you would have earned it and really have a through understanding how they work!


i do not use tradeguider , although do have it ....

all you really need do is read Tom Willams book about 20 times , and do a lot of charting , studying volume and price action .....

as you can see from chart posted I did not use any VSA indies , but know what to look for on charts in regards to price action , candle patterns , and volume

tradeguider do do free seminars where they have done some live VSA trades .. these might be good for osme newbies.

I admit 3 k is a lot of $$$ to go spending on software

I give you all a little hint ... www.leveragefx.com .. introducing brokers .... free top gun software with free esignal feed for $1 k account , with 100 mini lots per month traded opened with one of their partnering borkers ( fxcm , fxdd and a few others)
Blogging daily now at www.volume.zone
  • #454
  • Mar 3, 2009 6:42pm Mar 3, 2009 6:42pm
Quoting nyse1982
ok lets split your profits so we can help people afford tradeguiders The general members on here don't have 3k to plop down on that system..Heck wouldn't be surprised if some people risk thier tax return money on trading forex..

love what you are doing here ....but splitting my profit !!!!! lol

update on 5 min gj

now if i see a low volume down bar testing support at 137.5 i will close sell immediately

Attached Image (click to enlarge)
Click to Enlarge Name: ym203.png Size: 158 KB
Blogging daily now at www.volume.zone
  • #455
  • Mar 3, 2009 6:43pm Mar 3, 2009 6:43pm
Quoting malcolmb14
i do not use tradeguider , although do have it ....

all you really need do is read Tom Willams book about 20 times , and do a lot of charting , studying volume and price action .....

as you can see from chart posted I did not use any VSA indies , but know what to look for on charts in regards to price action , candle patterns , and volume

tradeguider do do free seminars where they have done some live VSA trades .. these might be good for osme newbies.

I admit 3 k is a lot of $$$ to go spending on software

I give you all a little hint...
hey thanks for that info?
  • #456
  • Mar 3, 2009 6:44pm Mar 3, 2009 6:44pm
I'm wondering are they're any traders from NYC in here? I'm thinking about starting a local group...
  • #457
  • Mar 3, 2009 6:47pm Mar 3, 2009 6:47pm
Quoting malcolmb14
love what you are doing here ....but splitting my profit !!!!! lol

update on 5 min gj

now if i see a low volume down bar testing support at 137.5 i will close sell immediately

Attachment
Those last 3 bars look like some strength might be stepping in..the spread looked like it was beginning to narrow
  • #458
  • Mar 3, 2009 6:47pm Mar 3, 2009 6:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: ym205.png Size: 149 KB
Blogging daily now at www.volume.zone
  • #459
  • Mar 3, 2009 6:53pm Mar 3, 2009 6:53pm
does not seem to be a whole bunch of buying , but do not want to be greedy as this is my 28 th trade of the day

Attached Image (click to enlarge)
Click to Enlarge Name: ym206.png Size: 140 KB
Blogging daily now at www.volume.zone
  • #460
  • Mar 3, 2009 6:57pm Mar 3, 2009 6:57pm
Quoting malcolmb14
does not seem to be a whole bunch of buying , but do not want to be greedy as this is my 28 th trade of the day

Attachment

lol quiz time for newbies ...

why did i close on 137.50 ?
Blogging daily now at www.volume.zone
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