Trade Using VSA (Volume Spread Analysis) | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume Spread Analysis (VSA) and background 5 replies

Trading With VSA - Volatile Volume and Spread Analysis 9 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

Attachments: Trade Using VSA (Volume Spread Analysis)
Exit Attachments

Trade Using VSA (Volume Spread Analysis)

  • #61
  • Mar 17, 2009 8:04am Mar 17, 2009 8:04am
Quoting Vantage
I have posted this on the higher low lower high thread. The first highlighted trade came after a 1hr neg close candle with higher volume. The lower high with higher vol exactly is what I'm looking for. Unfortunately I just missed it put the computer on a little late. Its just shown as an example.

My first trade followed a shooting star with high volume then a hesitation candle. The lower high closed with higher volume and I sold 1.4062.

I bought the higher low with higher volume. A shooting star with higher vol followed which got me worried...
not much to do with vsa in that post .... it is more about candles .... plus your volume do not look right ... interbank seems to be the mt4 platform to use....


here you go ....the reason the trade worked so well
is the reversal after effort to rise in the background showing pros interested in selling at 1.4100

Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-432.png Size: 191 KB
Blogging daily now at www.volume.zone
  • #62
  • Mar 17, 2009 8:07am Mar 17, 2009 8:07am
Quoting censura
i tried to open this and could not as it said it was corrupted . i dont know if this is my problem or the file is corrupted.
no it isen't corrupted, you have to import from NT - file - utilitis -import ninjascripts....


Lubo.

P.s. Since this thread aim is pure VSA I do not post others indicators and don't talk about it.
if someone would it can get from NT support forum http://www.ninjatrader-support2.com/vb/index.php.
If I know how, I tell You!! Few but Good!!
  • #63
  • Mar 17, 2009 8:11am Mar 17, 2009 8:11am
Quoting jtrade
I missed your post first time through, Mike : very good idea imho, the futures vol is much better defined (because it is actual volume, rather than aggregated ticks, some of which do not even represent a trade, if I understand correctly); unfortunately, there's not really enough volume on the other fx futures to do this with other pairs.
The pairs with more volume on future FX are:

EURUSD
JPYUSD
GBPUSD
AUDUSD
CADUSD
CHFUSD


Lubo.
If I know how, I tell You!! Few but Good!!
  • #64
  • Mar 17, 2009 8:14am Mar 17, 2009 8:14am
Quoting malcolmb14
plus your volume do not look right ...

here you go ....the reason the trade worked so well
is the reversal after effort to rise in the background showing pros interested in selling at 1.4100

Attachment
Your analysis is very good and really appreciated but my trade was from about 3 hours earlier.
  • #65
  • Mar 17, 2009 8:37am Mar 17, 2009 8:37am
Quoting Vantage
Your analysis is very good and really appreciated but my trade was from about 3 hours earlier.

opps no wonder the volume looked wrong lol

can you give me time in PST and i can look at a vsa set up there is one there

declining vol on the retracement ....into 1.4100....I think it is 23:00 hrs pst
Blogging daily now at www.volume.zone
  • #66
  • Mar 17, 2009 8:43am Mar 17, 2009 8:43am
Quoting malcolmb14
opps no wonder the volume looked wrong lol

can you give me time in PST and i can look at a vsa set up there is one there

declining vol on the retracement ....into 1.4100....I think it is 23:00 hrs pst
PST's a bit tricky (i.e. I haven't a clue) but the trades are from 2.30 am est if thats gonna help.
  • #67
  • Mar 17, 2009 9:09am Mar 17, 2009 9:09am
malcolmb14,
i hope u'll be one of the mainstays here... u post great charts. Keep it up!



Quote
Probably the reason IBFX is so close is because on the phone they also told me their volume is also the aggregation of all their bank feeds. Both FXCM and IBFX are STPs not dealer direct. So their's is also NOT Broker volume

Quote
Sure, it is in the public domain any time I post a source code. If you look, you will see I do not put any copyright on my source code I post publicly.

Thanks a lot for this info, thatwasme... It helps alot as I have IBFX as 1 of my demo's.
Also, thanks again for your "indicator generosity"
  • #68
  • Mar 17, 2009 9:13am Mar 17, 2009 9:13am
Quote
I have accounts with both fxpro (can't help you there) I'll post up a chart from FXCM in a few. Just need to start it up.
ShamusFamous,
are u referring to FXCM MT4? Cool, i'll be waiting for this.



Vantage, malcolmb14,
, I'm from Asia, but here it is...
PST = EST - 3 (Note: I think this is UN-adjusted yet for Daylight Savings Time)
  • #69
  • Mar 17, 2009 9:17am Mar 17, 2009 9:17am
I have read about the better volume indicator a few weeks back. Hopefully someone w/a programming prowess can crack this one for an MT4 version.. could be very promising
  • #70
  • Mar 17, 2009 9:44am Mar 17, 2009 9:44am
Willowgal,
thanks for the live seminar info.
  • #71
  • Mar 17, 2009 10:37am Mar 17, 2009 10:37am
Hi Madog,

I would like to know if your anti-virus program detected something wrong when you installed the MT4 IBfx demo ?

Mine, Antivir, detected a trojan :

Virus or unwanted program 'TR/Crypt.XPACK.Gen [trojan]'
detected in file 'Crogram FilesInterbank FX Trader 4MetaLang.exe.
Action performed: Delete file

And I read on the Net that it was a dirty one !
So maybe it's a wrong alarm but I would like to have your feedback before doing anything.

Thanks !

& Happy Trading All

p.s : oh, btw, I have a meeting with Mr Williams in 5 hours lol
  • #72
  • Mar 17, 2009 11:09am Mar 17, 2009 11:09am
PST time is 3 hours behind EST. 2:30 AM EST is 11:30 PM PST. I live in PST time.
  • #73
  • Mar 17, 2009 12:04pm Mar 17, 2009 12:04pm
Quoting Mr Dumoulin
Hi Madog,

I would like to know if your anti-virus program detected something wrong when you installed the MT4 IBfx demo ?

Mine, Antivir, detected a trojan :

Virus or unwanted program 'TR/Crypt.XPACK.Gen [trojan]'
detected in file 'Crogram FilesInterbank FX Trader 4MetaLang.exe.
Action performed: Delete file

And I read on the Net that it was a dirty one !
So maybe it's a wrong alarm but I would like to have your feedback before doing anything.

Thanks !

& Happy Trading All

p.s : oh, btw, I have a meeting with Mr Williams in 5 hours lol...
Did you e-mail IBFX? It would be interesting to hear what they say.
  • #74
  • Mar 17, 2009 12:08pm Mar 17, 2009 12:08pm
Here is one I did a few minutes ago. The business area is in between the two vertical red lines.

The first blue, downward arrow points to the candle that had the most volume for some time. The red, horizontal arrows represent the sell I took. A bit dubious, but the price was bumping its nut against the Intraday pivot.

The buying continued through this candle, with the second blue arrow, so I piled in again.

Strictly speaking, the candle during which I took the second sell is probably the one I should have used to signal a sell in the first place. The buying had abruptly stopped and volume had peaked, although I did not know that until the following candle had closed.

Tp for both trades was 138.18 - Intraday Short + 10 pips. As you can see, this was hit 50 minutes later, and a cool +34 and +26 on the two trades. Nice.

The candle during which the trades closed looks as though it would have been a good one to go long, but I was away from the computer at the time and so was too late.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 12 KB
  • #75
  • Edited 2:53pm Mar 17, 2009 1:28pm | Edited 2:53pm
Malcolm I'm trying IQ forex premium data feed(composite from tenfore, Barcleys...), could you compare it with your esignal?

Thanks.

Lubo.

A 5 min GJ chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GPBJPY.COMP.png Size: 40 KB
If I know how, I tell You!! Few but Good!!
  • #76
  • Edited 2:54pm Mar 17, 2009 1:36pm | Edited 2:54pm
Quoting SteveHopwood
Here is one I did a few minutes ago. The business area is in between the two vertical red lines.

The first blue, downward arrow points to the candle that had the most volume for some time. The red, horizontal arrows represent the sell I took. A bit dubious, but the price was bumping its nut against the Intraday pivot.

The buying continued through this candle, with the second blue arrow, so I piled in again.

Strictly speaking, the candle during which I took the second sell is probably the one I should have used to signal a sell in the first...

Hi Steve, u took the trade early, the 3°th candle (red down candle) is the signal, it is an inverse Hammer or in VSA an UPTHRUST (a wide range bar, with a high volume and closing down) selling signal!!
However somehow u had hit it!!

Lubo.
If I know how, I tell You!! Few but Good!!
  • #77
  • Mar 17, 2009 1:49pm Mar 17, 2009 1:49pm
Quoting LuboLabo
Hi Steve, u took the trade early, the 3°th candle (red down candle) is the signal, it is a Hammer or in VSA an UPTHRUST on high volume, selling signal!!
However somehow u had hit it!!

Lubo.
which ever way you do it .... lol

today vsa is so so in this sideways movement , BUT I have been chipping away at the 138.4(point of contraol yesterday) to 138.10 unsing uppper and lower value areas and the point of control yesterday, not exciting BUT I know I am not going to get some crazy break out so can increase risk to 5% per trade with 5% reward on account ...

trading the channel 4 times at 25 pips a go ...built the account nicely

ES has been very nice to trade today .. in steady up channel always something to trade

Attached Image (click to enlarge)
Click to Enlarge Name: ym232.png Size: 168 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ym232.png Size: 168 KB
Blogging daily now at www.volume.zone
  • #78
  • Mar 17, 2009 2:40pm Mar 17, 2009 2:40pm
OK guys, at the risk of sounding simplistic, is it safe to say, as a general rule, that we should be looking for a volume peak at the tops and bottoms of candle fans -- or am I way off track with that observation?
" Average traders look to the left, great traders look to the right."
  • #79
  • Mar 17, 2009 2:40pm Mar 17, 2009 2:40pm
Hi I have justed started to study the VSA.

I have a MT4 with a volume indicator I also have a VSA indicator that tells me the Volume and Spread for the past 7 bars.

I was wondering if anyone else uses this type of indi or most use the volume candlestick type of indi?

Or if there is a better VSA indi for mt4 that Im not finding. I realize that VSA all I need so what I have may do just fine.

Thanks,

http://i40.tinypic.com/2q1ic1x.jpg
  • #80
  • Mar 17, 2009 2:57pm Mar 17, 2009 2:57pm
Quoting magicchance
OK guys, at the risk of sounding simplistic, is it safe to say, as a general rule, that we should be looking for a volume peak at the tops and bottoms of candle fans -- or am I way off track with that observation?
Read this, maybe no one posted it here!

Lubo!
Attached File(s)
File Type: pdf VSA BASICS.pdf   665 KB | 9,126 downloads
If I know how, I tell You!! Few but Good!!
2 traders viewing now