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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #521
  • Mar 4, 2009 8:43am Mar 4, 2009 8:43am
Quoting nyse1982
As I called it I went long and sure enough...
The move upward didn't have much strength so I took 7 pips, next move I'm going short!
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  • #522
  • Mar 4, 2009 8:50am Mar 4, 2009 8:50am
Quoting nyse1982
The move upward didn't have much strength so I took 7 pips, next move I'm going short!
EUR/[email protected] short
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 84 KB
  • #523
  • Mar 4, 2009 8:53am Mar 4, 2009 8:53am
Quoting nyse1982
EUR/[email protected] short
Got 10 pips so far I've got 4+7+10=22 pips so far...I'm going long next!
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 83 KB
  • #524
  • Mar 4, 2009 8:55am Mar 4, 2009 8:55am
Quoting nyse1982
I think people want to code this b/c they don't want to manually trade this strategy. You really don't need an EA to utilize this..
Not necessarily, nyse. I'm not opposed to trading it manually. That's not the issue. The real issue is the demands on your time that life places on the average person (work, family, etc.). I would love nothing more than to evolve into a full-time trader, sitting at my computer all day shadowing the smart money moves, trust me. Many of those on this forum do just that (I'm jealous of them too - lol). But for most of us out there, it's a matter of having the time to do devote to it. A good EA offers that "possibility" (although I agree that most of the EA's out there to date have failed). Apart and aside from this, wouldn't you rather have a clone trading for you 24x7 while you spend more time with your wife and kids? What good is earning a lot of profits if you sit in front of a PC all day earning them but never have time to do the things in life that matter most?

I really appreciate all of the feedback and insight from others on this thread. I've learned so far that VSA is very real, can be accomplished by forex tick volume (nyse has proven this), can be used as a single component of a larger trading system and can be used for larger pip movements and timeframes. Some don't believe in it at all but others appear to live and die by it. As for me, I'm sold on it. I just need some help trading it accurately and effectively. In time, I think I'll get there but an EA would certainly go a long ways to helping people like me who work full time.

What is and would be helpful is what nyse is doing now - posting trades - but not just posting them saying "I'm Long at 1.2489". Tell us WHY you took the trade, WHAT was it that triggered it for you, WHAT caused you to exit the trade, etc. Don't assume that we all know why, many reading this don't. I'm just starting to get it myself but some newcommers aren't there yet.

Thanks for all you do for us, nyse and others. It is most appreciated!
- Bowen (a.k.a. Wolf)
  • #525
  • Mar 4, 2009 9:00am Mar 4, 2009 9:00am
Quoting BlackWolf
Not necessarily, nyse. I'm not opposed to trading it manually. That's not the issue. The real issue is the demands on your time that life places on the average person (work, family, etc.). I would love nothing more than to evolve into a full-time trader, sitting at my computer all day shadowing the smart money moves, trust me. Many of those on this forum do just that (I'm jealous of them too - lol). But for most of us out there, it's a matter of having the time to do devote to it. A good EA offers that "possibility" (although I agree that most...
Good Point BK...well lets get started on that EA..shoot your making me do more work..feel like Im in college again
  • #526
  • Mar 4, 2009 9:41am Mar 4, 2009 9:41am
Quoting nyse1982
I think people want to code this b/c they don't want to manually trade this strategy. You really don't need an EA to utilize this..
Hi NYSE, I have been manually using this strategy but not exclusively at the moment while I'm still gaining experiencing of it, I'm using it to compliment my more longer term strategy, I don't really scalp, I have found this strategy very helpful in finding trend reversals, just now that reversal from 1.2590, thanks to VSA! My suggestion of the volume per pip indi was not designed to be lazy trading btw, was just making a suggestion that may or may not be helpful to both me and others
  • #527
  • Mar 4, 2009 10:13am Mar 4, 2009 10:13am
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
malcolmb,

That's 250 pips just to break even, trading GBP/JPY on IBFX! Wow, that's impressive.... assuming you're profitable.

Could you tell us how you determine where to set stop and profit targets. And also, what risk/reward do you shoot for?

Thanks

~Mike
  • #528
  • Mar 4, 2009 11:20am Mar 4, 2009 11:20am
There is no way Im coding the EA!!!
This will be a pure waste of time, trust me, manual is a way to trade....
FORGET THE EXPERT ADVISORS, CODE CAN NOT BEAT THE HUMAN BRAIN
forexflash
  • #529
  • Mar 4, 2009 11:34am Mar 4, 2009 11:34am
Quoting Mike21
malcolmb,

That's 250 pips just to break even, trading GBP/JPY on IBFX! Wow, that's impressive.... assuming you're profitable.

Could you tell us how you determine where to set stop and profit targets. And also, what risk/reward do you shoot for?

Thanks

~Mike

I trade high vol account on fxcm (100 standard lots per month) ..... 1 to 3 pips spread on gj plus 1 pip commission ..it is bank rate plus 1 pip commission to fxcm

never had an issue with fxcm .... some slippage here and there , but that is to be expected in this game due to fast moving conditions. I do not use stops .... mental ones that are stuck to very strictly. Any time i was locked out of a trade due to technical issues they have dealt with it accordingly and paid the money back into my account

risk reward is always 1:1 or more

for profit targets I use daily fib pivots .posted indicator yesterday (see eur chart below)

stops i typically use 1.5 x ATR (14) of the time frame i am trading.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
Blogging daily now at www.volume.zone
  • #530
  • Mar 4, 2009 11:36am Mar 4, 2009 11:36am
Quoting FOREXflash
There is no way Im coding the EA!!!
This will be a pure waste of time, trust me, manual is a way to trade....
FORGET THE EXPERT ADVISORS, CODE CAN NOT BEAT THE HUMAN BRAIN

well said !!!
Blogging daily now at www.volume.zone
  • #531
  • Mar 4, 2009 11:54am Mar 4, 2009 11:54am
Quoting FOREXflash
There is no way Im coding the EA!!!
This will be a pure waste of time, trust me, manual is a way to trade....
FORGET THE EXPERT ADVISORS, CODE CAN NOT BEAT THE HUMAN BRAIN
Forexflash,

You may ultimately be proven right and if so I will tip my hat to you. But what happens if you're proven wrong? You have already done much of the work with the indicators and I really appreciate that, sincerely. There is another EA programmer who I know that appears to be willing to pick up where you left off. The last thing I would want is for him to waste his time but that will be his call, not mine or yours. He sees promise in it like I do. I do respect your opinion, however, and have duly noted it.

My question to nyse is this...every trade you have made and posted here thus far appears to be very methodical, mechanical and very little left to interpretation. From where I sit watching you on stage, there doesn't appear to be much second guessing or in-depth analysis. Your trades are very quick and short term. If you can program an EA to "think" and trade like you do, why wouldn't this work? Am I missing something? What are the intangibles in YOUR application of VSA and the way that YOU trade? I'm not following the other folks methods of trading VSA right now (if I were, I would be on their thread, not this one). nyse, this is YOUR thread. So from YOUR perspective, what would be the challenges of writing an EA to mirror YOUR trading?
- Bowen (a.k.a. Wolf)
  • #532
  • Mar 4, 2009 11:59am Mar 4, 2009 11:59am
I haven't had my coffee yet and am a bit mushy brained at the moment. Is there a doc on how to read/interpret the vsa indicator in this thread?
The trend always ends.
  • #533
  • Mar 4, 2009 12:03pm Mar 4, 2009 12:03pm
Quoting BlackWolf
Forexflash,

You may ultimately be proven right and if so I will tip my hat to you. But what happens if you're proven wrong? You have already done much of the work with the indicators and I really appreciate that, sincerely. There is another EA programmer who I know that appears to be willing to pick up where you left off. The last thing I would want is for him to waste his time but that will be his call, not mine or yours. He sees promise in it like I do. I do respect your opinion, however, and have duly noted it.

My question to nyse is this...every...
I respect what you are saying....If the coder have a will to try to code this,
and if coded EA shows some promise, I will do my best to push the code to its limits with all my coding knowledge!!!

Wish you luck.
forexflash
  • #534
  • Mar 4, 2009 12:15pm Mar 4, 2009 12:15pm
Quoting FOREXflash
I respect what you are saying....If the coder have a will to try to code this,
and if coded EA shows some promise, I will do my best to push the code to its limits with all my coding knowledge!!!

Wish you luck.

Thank you, FF. That is very generous on your part and you have my highest respect and admiration. If nyse says; yeah, BlackWolf, there's just too much that goes into my trade decisions for an EA to account for, then I will drop the EA thing altogether. On the other hand, if he says; no, it's very simple, if A then do B and if C then do D, then I think it is at least worth a shot.

I'm sure that back when JFK said "we will go to the moon", a lot of folks back then (even those at NASA) probably said; he's nuts, there's no way I'm building that rocket! And if that happened, where would we be today? Russia would have done it, right? I just don't want us to fall into the trap of "oh, that's impossible so it's not worth trying", that's all.
- Bowen (a.k.a. Wolf)
  • #535
  • Mar 4, 2009 12:17pm Mar 4, 2009 12:17pm
Hey Piters, maybe a few words from you!??
ps. did you forget the pdf you mentioned?


LAST 24 HRS OF TRADING VSA(MODIFIED) SYSTEM
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 65 KB
forexflash
  • #536
  • Mar 4, 2009 12:23pm Mar 4, 2009 12:23pm
Quoting FOREXflash
Hey Piters, maybe a few words from you!??
ps. did you forget the pdf you mentioned?

Regards
Nop mate... i didnt.. i'll post you over the weekend.. good job you done here mate..

thank you !
  • #537
  • Mar 4, 2009 12:46pm Mar 4, 2009 12:46pm
This is interesting stuff...
  • #538
  • Mar 4, 2009 1:00pm Mar 4, 2009 1:00pm
Quoting FOREXflash
Hey Piters, maybe a few words from you!??
ps. did you forget the pdf you mentioned?


LAST 24 HRS OF TRADING VSA(MODIFIED) SYSTEM
Well, you can't argue with results like this, eh? Nice work. Sweeeeet!!! Like I said, I always keep an open mind and eyes.
- Bowen (a.k.a. Wolf)
  • #539
  • Mar 4, 2009 1:26pm Mar 4, 2009 1:26pm
Four more profitable trades......
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 65 KB
forexflash
  • #540
  • Mar 4, 2009 1:32pm Mar 4, 2009 1:32pm
Quoting FOREXflash
Four more profitable trades......
Forexflash. I have the latest version of your indicator but really have no idea how it's used. Somehow (from what I read here so far and your indicator) I managed to grab some pips on the GU. I had a signal from my own system and the bell on your thing started going nutty.

Is there a post or document that describes how to read or interpret your indicator?

I have some ideas for you as well once I understand it better.
The trend always ends.
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