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Volume Spread Analysis (VSA) Discussion 2 replies

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Learn to Trade using VSA (Volume Spread Analysis)

  • #1,181
  • Mar 16, 2009 4:08pm Mar 16, 2009 4:08pm
you need a signal service for traderguider....
and you can find traderguider for free on the net...
StopLoss is for none belivers... Trust the Gurus..
  • #1,182
  • Mar 16, 2009 4:15pm Mar 16, 2009 4:15pm
Malcomb, Im interested only in one thing......did you trade VSA on MT4,
and what is your experience using MT4 volume(VSA)!
How big is difference between MT4 and some other(better) data feed?

Thanks
forexflash
  • #1,183
  • Mar 16, 2009 4:23pm Mar 16, 2009 4:23pm
Quoting hsa013
malcolmb, is it really for free on a live account?
I've understood from their website you have to purchase it for live:
[color=Gray]"If and when you ever decide you wish to use our software for live trading simply select one of our purchase options on the left hand side. Until then, enjoy unlimited use our software"
[color=Black]Or I missed something, you just using it for charting and trade live on some other platforms?

actually, what do you know about tradeguider? is it a stand alone application? I heard you need...
You can use NT for charting for free and trade with MT4 or with others platform, it depends from which broker u choose for trading.
Tradeguider is a platform that like most of them need external data feed to work, Amibroker too (but u can use MT4 data plugin for this last one).
Esignal is a data feed provider that also offers some trading platforms, u can use it for trading with almost platforms.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,184
  • Mar 16, 2009 4:30pm Mar 16, 2009 4:30pm
Quoting malcolmb14
yes . i am often in a trade before tradeguider gives the signal ... typically it takes 2 candles to work out the pattenr ,

the thing with all this talk of vsa and signals etc etc ... is that it will make a trader lazy .... simple as that ... nothing like knowing why the trade you are about to take will have a 95 % chance of wokring out.

In asia yesterday 5 min gu ,, upthrust , no demand , no demand and the nanother upthrust ... all of them valid trade triggers , by the time the pair did tops out it was 50 pips higher than the last trade trigger...

that's true...

btw, how much is esignal and tradeguider ? thanks.

are you also using market delta in your analysis ?
and when you trade futures, which is better real volume or tick volume for vsa ?
  • #1,185
  • Mar 16, 2009 4:33pm Mar 16, 2009 4:33pm
Quoting lumesh
that's true...

btw, how much is esignal and tradeguider ? thanks.
we are going out of thread aim.....
If I know how, I tell You!! Few but Good!!
  • #1,186
  • Mar 16, 2009 4:44pm Mar 16, 2009 4:44pm
Quoting LuboLabo
we are going out of thread aim.....

noup, everything is related to vsa
  • #1,187
  • Mar 16, 2009 4:54pm Mar 16, 2009 4:54pm
I understand now what you're saying - just took a while longer! This a.m. I just watched ej on 5 min, just price and volume. Watching volume and price tests, for quite a few bars, had a look at effort and result previous bars, got an instant feel for the fact that price was going to go up after the tests and after supply had been mopped up. Volume on tests of the low fell progressively to half. Sure enough, increase it did!

Please do keep posting and contributing - I for one am certainly grateful to all contributors, and respect your experience and views on this subject.

Regards
Pardy


Quoting malcolmb14
sorry ... just had to say this all indies are lagging .. even VSA ones .. you are not going to learn anything relying on indicators ... sorry .. those that get good at this do not need any indicators . i use a esignal chart with just price and volume

VSA is all about the back ground ... I posted in shamusus thread a reason for a trade on the GJ ... the back ground was selling .. then we formed flag with limited buying .. then an upthrust on 1a 5 min .. then close for 50 pips of profit on 10 lots ...

I am posting more on shamusus thread as this...
  • #1,188
  • Mar 16, 2009 7:53pm Mar 16, 2009 7:53pm
Hello Forex flash

How can load this EA to MT4 platform? (I have V220) and could you explain how it works and the entry signal please.

Thank you very much !
  • #1,189
  • Mar 17, 2009 7:52am Mar 17, 2009 7:52am
Quoting FOREXflash
I have already coded an EA with 4 basic signals, and it is profitable only on 4h TF........the big problem with this method is EXIT!!!
If someone have an idea about this, Im all ears, just dont tell me to use
some kind of stops, cos I dont like them, and most off my codes
are closing trades based on oposite signals etc......

EDIT: Dont ask me to post a code here cos my broker called me on the phone today,
and threaten me to stop coding thingies for VSAor they will shut down my account!!!


Regards


thanks forexflash for the ea---at least those that know how to use EA's( and not just take signals blindly) can now explore even more--and those that are not interested can always ignore it--with all the objections to it--seems like some folks downloaded it--what is this?lol

keep it coming forexflash --as long as NYSE1982 is okay with it.

BEST
  • #1,190
  • Mar 17, 2009 10:13am Mar 17, 2009 10:13am
Normalized Volume Oscillator.mq4 is a histogram of current as a percent of historical volume; lower volume percents are below the histogram's horizontal line and higher, above. The indicator, highly responsive to price, seems to measure the foundation and continuance of each small run, similar to what, as I read it, VSA does better and less visually. Would this concept help bring to bear VSA?
  • #1,191
  • Mar 17, 2009 4:24pm Mar 17, 2009 4:24pm
Quoting FOREXflash
Malcomb, Im interested only in one thing......did you trade VSA on MT4,
and what is your experience using MT4 volume(VSA)!
How big is difference between MT4 and some other(better) data feed?

Thanks
flash i posted info on exit signals,to utilize on your EA.
  • #1,192
  • Mar 17, 2009 4:26pm Mar 17, 2009 4:26pm
Quoting FOREXflash
I have already coded an EA with 4 basic signals, and it is profitable only on 4h TF........the big problem with this method is EXIT!!!
If someone have an idea about this, Im all ears, just dont tell me to use
some kind of stops, cos I dont like them, and most off my codes
are closing trades based on oposite signals etc......

EDIT: Dont ask me to post a code here cos my broker called me on the phone today,
and threaten me to stop coding thingies for VSAor they will shut down my account!!!

Regards
Check post 1146!!
  • #1,193
  • Mar 17, 2009 7:52pm Mar 17, 2009 7:52pm
I was wondering if the chat room for vsa is still going?
  • #1,194
  • Mar 18, 2009 6:26am Mar 18, 2009 6:26am
Quoting brettnchrism
I was wondering if the chat room for vsa is still going?
Yes. 24/7 Chatroom Link: http://vsa.pipbuilders.com
The trend always ends.
  • #1,195
  • Mar 18, 2009 11:30am Mar 18, 2009 11:30am
Quoting ShamusFamous
Yes. 24/7 Chatroom Link: http://vsa.pipbuilders.com
We've scaled back on the posting b/c I'm working with coders to develop an EA utilizing this method.
  • #1,196
  • Mar 19, 2009 7:36am Mar 19, 2009 7:36am
good morning,

here's a question: what could have I done better on Monday?

Attached is an image showing Citibank's price index I was analyzing with VSA, trying to find a point for exit - this was live, btw.
I know it's not Forex, but it's a classic situation where a more exact volume spread analysis could have meant another big chunk of profit if I didn't get out on Monday. (I'm not complaining, still made a nice profit, but you know... there's a difference) Obviously looking back it's easy to spot that it was only a short retrace period and not a reversal point.
So we see nice accumulation period, then classic mark up, a beautiful upthrust bar, another test with first increasing then decreasing volumes and finally just selling with increasing volumes validating a "real" selling not only a temporary retrace. I know the spreads were not too wide, but still. I thought at the beginning of "real" selling, bloody hell, it's time to bail out. I was wrong. Very wrong, but being a novice to VSA I didn't dare to risk more.

My question is, if you look at the naked chart only until Monday, how could you tell it wasn't a reversal and then mark down period but only a retrace?

thanks a lot
sam
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  • #1,197
  • Mar 19, 2009 3:18pm Mar 19, 2009 3:18pm
Quoting hsa013
good morning,

here's a question: what could have I done better on Monday?

Attached is an image showing Citibank's price index I was analyzing with VSA, trying to find a point for exit - this was live, btw.
I know it's not Forex, but it's a classic situation where a more exact volume spread analysis could have meant another big chunk of profit if I didn't get out on Monday. (I'm not complaining, still made a nice profit, but you know... there's a difference) Obviously looking back it's easy to spot that it was only a short retrace period and...
Hey great question and I immediately spotted this, check out those red bars,the last red bar has a narrow spread and also the H/C was higher which implies that there were buyers or strength in that last candle. That would alert you that a follow thru wasn't going to happen. Then on the next bar is your confirmation to go long, the volume on that bar is extremely b/c it shows that buyers and sellers were both entering that position.The also your H/C was high which indicates strength on that red bar.
  • #1,198
  • Edited 5:01pm Mar 19, 2009 4:44pm | Edited 5:01pm
I've decided to temporarily end discussions so far, regarding the EA. It's already been developed and b/c I know this is a public forum, I believe I'll only be taking requests thru PM. I'm not going to post the EA in this forum. So, if you are interested in testing it, send a PM and include your email addy.
  • #1,199
  • Mar 19, 2009 4:59pm Mar 19, 2009 4:59pm
Quoting hsa013
good morning,

here's a question: what could have I done better on Monday?

Attached is an image showing Citibank's price index I was analyzing with VSA, trying to find a point for exit - this was live, btw.
I know it's not Forex, but it's a classic situation where a more exact volume spread analysis could have meant another big chunk of profit if I didn't get out on Monday. (I'm not complaining, still made a nice profit, but you know... there's a difference) Obviously looking back it's easy to spot that it was only a short retrace period and...

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Blogging daily now at www.volume.zone
  • #1,200
  • Mar 19, 2009 5:11pm Mar 19, 2009 5:11pm
Quoting nyse1982
Hey great question and I immediately spotted this, check out those red bars,the last red bar has a narrow spread and also the H/C was higher which implies that there were buyers or strength in that last candle. That would alert you that a follow thru wasn't going to happen. Then on the next bar is your confirmation to go long, the volume on that bar is extremely b/c it shows that buyers and sellers were both entering that position.The also your H/C was high which indicates strength on that red bar.

H/C ?????

not one mention of volume .. sorry ... but you looking at candles it seems

VSA is not about one bar .... it is about background .... background said sellers were interested from the no demand bar at beginning of range , also the sellers ran out of interest when we touched the top of the candle level form 6 hour before ( where there were buyers there on the break out).

If you looks at a 5 min chart for that day , Marhc 16th there were 2 test of this area on a 5 min chart , BOTH met with buyers .....

This is why EAs for VSA are limited in what they can do ....but good luck

the background would have told us to stay in and move stop to just under 2.2

The next day when we had the gap up is a reason I never trade stocks before 15 minutes of market . I use open range trading with 1st 15 min of the open range as the channel to see what is going on , we started the morning with a high volume pin bar = sellers, then a drop ening in almost a stopping volume kinf of move , with a shake out


i have been posting over at Shamusus thread on vsa as this thread seems to have become more about making eas for something that has over 400 set ups , and some can happen in tandem ... the other thread is about vsa and what it is all about

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