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Trade Using VSA (Volume Spread Analysis)

  • #141
  • Mar 19, 2009 3:21pm Mar 19, 2009 3:21pm
Quoting ShamusFamous
Looks like most buyers are at: 136.30
And most sellers are at 137.80ish

I know to damn easy ...lol .. that is the range i was trading today .
Blogging daily now at www.volume.zone
  • #142
  • Mar 19, 2009 3:22pm Mar 19, 2009 3:22pm
Quoting FxChi
Thanks malc for posting that up. I was reading it right, but for some reason had wrong entry or maybe needed a larger stop. I took the short on that green bar you have marked as no demand low volume. The close of that upbar I entered with a stop right above that high and it took me out. Where would you have entered? Would you have waited for it to actually turn before entering?

stop would have been higher .. above 138 .... 50 pips is what i have been using
Blogging daily now at www.volume.zone
  • #143
  • Mar 19, 2009 5:02pm Mar 19, 2009 5:02pm
Quoting malcolmb14
wanted to share this with all my vsa buddies

grey lines are high volume areas up to 8 days ago .... amazing how they act as support / resistance .. tesll me where the buyers and sellers are almost

Attachment
Malcomb14..thanks for all your time here!
How do you determine the high volume areas?
What I've done before is look at the previous week, find the 1 hr bar with the most volume for the week, and plot a horizontal line from the high and the low....I would also do this for the previous day, find the highest volume 1hr bar, but after finding it I would break the bar down to 15 min or 5 min and plot the highest volume bar(the range of said bar).

I value your opinion....thank you
  • #144
  • Mar 19, 2009 5:08pm Mar 19, 2009 5:08pm
I don't know if malcolm use it but I use Volume at price or Volume profile.
On MT4 there isn't, u can try with market profile indicator.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #145
  • Mar 19, 2009 6:24pm Mar 19, 2009 6:24pm
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Not sure if my volume is accurate on my broker (WHC Trader), but looks like tomorrow will be a down day. Upmove over past few days hasn't had any volume behind it. No demand bar yesterday, followed by narrow spread down bar on high volume into resistance. (Hidden RSI div).
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"Wishful thinking dies hard." Igor T.
  • #146
  • Mar 19, 2009 6:31pm Mar 19, 2009 6:31pm
Quoting RickW00716
Malcomb14..thanks for all your time here!
How do you determine the high volume areas?
What I've done before is look at the previous week, find the 1 hr bar with the most volume for the week, and plot a horizontal line from the high and the low....I would also do this for the previous day, find the highest volume 1hr bar, but after finding it I would break the bar down to 15 min or 5 min and plot the highest volume bar(the range of said bar).

I value your opinion....thank you

not sure .. i bought the indicator from dynamic trader and it has password protection on the code. Each day has a max volume area from a histogram and somehow that is pulled outi n the coding
Blogging daily now at www.volume.zone
  • #147
  • Mar 19, 2009 6:32pm Mar 19, 2009 6:32pm
Quoting FxChi
Not sure if my volume is accurate on my broker (WHC Trader), but looks like tomorrow will be a down day. Upmove over past few days hasn't had any volume behind it. No demand bar yesterday, followed by narrow spread down bar on high volume into resistance. (Hidden RSI div).

anything could happen tomorrow. It is triple witching in the stock market .... could make for an interesting day
Blogging daily now at www.volume.zone
  • #148
  • Mar 19, 2009 11:42pm Mar 19, 2009 11:42pm
I curse you USDJPY!
The trend always ends.
  • #149
  • Mar 20, 2009 9:44am Mar 20, 2009 9:44am
nice sell set up GU ... fairly straight forward .... nice little 30 pip and will probably give more

BTW tradeguider did not show this on 5 min chart ... not saying it is a bad software .. it is great I love it . But that lessformore guy is getting on my nerves coming in here saying you cannot understand VSA without spending 5 k and another 150 a month for the vsa club ...... I agree they are very useful tools .. the vsa club is awesome but lessformore many cannot afford this and TRadeguider would have just cost me 3 k if I had been blindly following it at time i was short it was telling me long still

this set up below i have learnt by reading toms book many times and watching price action and set up s on the charts .. nothing like 1000's of hours charting to help you understand what you see

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Blogging daily now at www.volume.zone
  • #150
  • Mar 20, 2009 9:47am Mar 20, 2009 9:47am
Quoting Lessformore
Tradeguider is not only about volume,it's also about Tom Williams looking over your shoulder,guiding you in the correct way of reading his methods.Master the markets is just the begining of the journey the next steps is the Boothcamp cd,without the booth camp cd you will not understand the true meaning of VSA,all no demand,no supply, upthrust etc.are not created equally,under certain conditions they are not what they seems to be.I have seen markets going up on very low volume which you will call no demand or upthruts then explodes into super moves.I...

the vsa triggers are all about background .. been telling these guys that over and over ....

also note on my chart I use volume histograms .... with high volume areas of up to 10 days ago plotted on charts. These and the volume / spreads around them tell me what is going on . vwap and poc for today also are useful zones
Blogging daily now at www.volume.zone
  • #151
  • Mar 20, 2009 10:38am Mar 20, 2009 10:38am
Quoting malcolmb14
you sound like gavin ....... trying to market tradeguider ?
I was thinking the same thing

I do agree with malcolm that TG is very expensive, even for people that can afford it. But in the spirit of the thread, I appreciate thoughts from Lessformore on TG and learning VSA. I hope Lessformore will continue to contribute to the discussion as a TG evangelist. I think we can learn a lot from anyone with VSA experience.
  • #152
  • Mar 20, 2009 10:42am Mar 20, 2009 10:42am
Malcolm, do you see any weakness in FAZ or are we clear to 200
  • #153
  • Mar 20, 2009 11:13am Mar 20, 2009 11:13am
Quoting sunpost
Malcolm, do you see any weakness in FAZ or are we clear to 200

500 here we come baby ...lol

looks like the pros used the ' good news' from the feds earlier this week to push it down and then load up . seems we have had stopping volume on the daily at 26 ish .
Blogging daily now at www.volume.zone
  • #154
  • Mar 20, 2009 11:42am Mar 20, 2009 11:42am
from a candlestick view on XLF, it looks like dark cloud cover. if it closes down below the 5 day MA today it should help confirm the financial weakness. things might get a little nutty as the option players scramble.
  • #155
  • Mar 20, 2009 3:18pm Mar 20, 2009 3:18pm
I had a great week trading pure VSA (as best I can so far) I want to thank all the regulars in Chat and look forward to another great week starting Sunday.

Hope you all have a great weekend.
The trend always ends.
  • #156
  • Mar 20, 2009 3:55pm Mar 20, 2009 3:55pm
Quoting ShamusFamous
I had a great week trading pure VSA (as best I can so far) I want to thank all the regulars in Chat and look forward to another great week starting Sunday.

Hope you all have a great weekend.
Thanks - a good one to you too...see you on Monday for Frankies Hour..http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #157
  • Mar 20, 2009 7:02pm Mar 20, 2009 7:02pm
Have a great weekend guys !

I have had my best ever trading week having taken time to read post after post (over and over again) from the 'real VSA traders' in here.

:-)

WG
  • #158
  • Mar 20, 2009 8:50pm Mar 20, 2009 8:50pm
Hi Friends
Could any of you please post VSA indicator for MT charts, if you happen to have..........Thanking you guys
Nice weekend for you all
BANDA333
  • #159
  • Mar 20, 2009 9:42pm Mar 20, 2009 9:42pm
Quoting Vantage
Jtrade posted this link on the higher low lower high thread (thanks jtrade), under the emini trading tutorials theres a better vol indi link. Whilst the indi and colours are tradestation specific there are some frequent top/bottom patterns that are shown that may be of interest.

http://emini-watch.com/free-stuff/volume-indicator/

The relationship between size of bar and vol is the same.
Hi, I read through all the stuff on the site and through his Tradestation code and watched both videos. It was all very interesting, so I decided to convert the Tradestation code to MT4 So here is Better Volume for MT4.

To understand how to use it, a person has to watch the 2 short videos.

If you roll your curser over any bar there is a brief name that pops up that tells what the bar represents.

enjoy.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 BetterVolume.mq4   5 KB | 2,470 downloads
  • #160
  • Mar 20, 2009 9:45pm Mar 20, 2009 9:45pm
Quoting BANDA
Hi Friends
Could any of you please post VSA indicator for MT charts, if you happen to have..........Thanking you guys
Nice weekend for you all
A single indicator does not exist for this method. You must read the book or you will have no clue what this is all about.
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