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Trade Using VSA (Volume Spread Analysis)

  • #421
  • Edited 2:39pm Mar 29, 2009 2:35pm | Edited 2:39pm
Quoting teodosy87
Hey guys what do you think about this?I think that this is a sell signal?What do you think i`m i right?
Hi teodosy87,

I wouldn't say it is a sell signal. If your look to the recent past price action you'll see the price is ranging. As such, to me, there is no clear signs of weakness to support a sell decision purely on price/volume. Sure there is a no demand bar nearby, but you can't just take a single bar to make a call with VSA. You need context.
Of course, being a 5 min chart, i don't know if you're supporting your decision on some weakness spoted a larger timeframe.

Regards,

Tiago

PS: I'm assuming you're refering to where the blue triangle is on the chart.
  • #422
  • Mar 29, 2009 2:43pm Mar 29, 2009 2:43pm
Quoting teodosy87
Hey guys what do you think about this?I think that this is a sell signal?What do you think i`m i right?
I see a really strange volume on your chart, which broker do u use?
If I know how, I tell You!! Few but Good!!
  • #423
  • Mar 29, 2009 2:54pm Mar 29, 2009 2:54pm
Quoting LuboLabo
I see a really strange volume on your chart, which broker do u use?
IBFX demo .....
  • #424
  • Mar 29, 2009 2:56pm Mar 29, 2009 2:56pm
Quoting tiagor
Hi teodosy87,

I wouldn't say it is a sell signal. If your look to the recent past price action you'll see the price is ranging. As such, to me, there is no clear signs of weakness to support a sell decision purely on price/volume. Sure there is a no demand bar nearby, but you can't just take a single bar to make a call with VSA. You need context.
Of course, being a 5 min chart, i don't know if you're supporting your decision on some weakness spoted a larger timeframe.

Regards,

Tiago

PS: I'm assuming you're refering to where the blue triangle...
Actually i`m trying to learn as much as i can how to use VSA.That`s why i ask if i`m right or not.you are right trend is ranging.How do you use VSA?
  • #425
  • Mar 29, 2009 3:02pm Mar 29, 2009 3:02pm
Quoting malcolmb14
check out weekly gj also ..same set up

I think between ej and gj this week , hopefully a little bounce in asia , then sell them both for 500 pips each this week
Malcom

Yes hadn't seen the weekly setup on the GJ. The fib retracement on this is 23.

Regards

Madog
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  • #426
  • Mar 29, 2009 3:12pm Mar 29, 2009 3:12pm
Quoting teodosy87
Actually i`m trying to learn as much as i can how to use VSA.That`s why i ask if i`m right or not.you are right trend is ranging.How do you use VSA?
I pretty much use it as it's described on the book mentioned before in this thread "Master the markets". You should also check "The undeclared secrets that drive the stock market" as it's the original book by Tom Williams with less stuff about the Tradeguider software. Although it's older it has some more information. I guess you may find it around the web if you search for it.

I was quite surprised to see this thread as i didn't know there were other people using VSA around here. Reading the thread up to this point i think the most common mistake while starting to use VSA is not analysing the bars in context with the background. For example, if the market is rising in an uptrend, then a no supply bar (down bar on low volume) should be given less relevance (if any at all) than if that no supply bar is seen after a downtrend which has shown some strength (for example a wide spread down bar with very heavy relative volume). Sorry if it sounds confusing. It is actually clear to see it in a chart once you get the hang of it.
  • #427
  • Edited 3:37pm Mar 29, 2009 3:15pm | Edited 3:37pm
Quoting teodosy87
IBFX demo .....
the red very high vol bar, on your chart, seems a fake volume bar, the bar u highlighted don't seems a sell signal.... i can see this:

P.s. i like to confirm on 15 min TF
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If I know how, I tell You!! Few but Good!!
  • #428
  • Mar 29, 2009 3:29pm Mar 29, 2009 3:29pm
Is this me or does anyone else feel a touch of dejavu?!

I hope the week develops as I have predicted!

Cofion

Madog
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  • #429
  • Mar 29, 2009 4:33pm Mar 29, 2009 4:33pm
Quoting Vantage
Thanks for this article Willowgal very helpful. Shamus another article for post 1?

In the chat room we'd had many successful trades using volume and what has been termed T bars - dragonfly doji's at the end of a run down in price and gravestone doji's at the end of a run up. www.candlesticker.com

Still learning a lot and thankful for all the help here and in the chat.

Just added a link to it. Thanks Willowgal.
The trend always ends.
  • #430
  • Mar 29, 2009 5:56pm Mar 29, 2009 5:56pm
A nice move on GU at Sydney open:

http://content.screencast.com/users/...03-29_1855.png
The trend always ends.
  • #431
  • Mar 29, 2009 6:07pm Mar 29, 2009 6:07pm
I newbie in VSA and learning from this forum a lot.
As per the chart there is not much volume and price shoot up, should we wait for low churn bar to short or still it is too early to make a short call.
Quoting ShamusFamous
A nice move on GU at Sydney open:

http://content.screencast.com/users/...03-29_1855.png
  • #432
  • Mar 29, 2009 6:48pm Mar 29, 2009 6:48pm
Quoting skyscraper
I newbie in VSA and learning from this forum a lot.
As per the chart there is not much volume and price shoot up, should we wait for low churn bar to short or still it is too early to make a short call.

Excellent job. If you look at chart after that... It's exactly what happened (short) about 1/2 the move back down. Lower volume on the rise each bar is clear indication it's run out of steam and fall is likely.
The trend always ends.
  • #433
  • Mar 29, 2009 8:54pm Mar 29, 2009 8:54pm
Great thread ShamusFamous--fantastic


this is a must read for all scalpers of VSA-----it's also kinda of comical cause i think the guy doesn't know he's kinda trading a small variation of VSA--

Enjoy guys

My little donation---

http://www.forexnewstrader.com/forex-trading-system
  • #434
  • Mar 29, 2009 11:52pm Mar 29, 2009 11:52pm
Quoting taomql4
My little donation---

http://www.forexnewstrader.com/forex-trading-system
interesting. where is the 'Wick histogram indicator '?
  • #435
  • Mar 30, 2009 12:31am Mar 30, 2009 12:31am
Quoting blackmovie
interesting. where is the 'Wick histogram indicator '?
Try this............
Attached File(s)
File Type: mq4 Wick-O-Gram.mq4   3 KB | 1,172 downloads
forexflash
  • #436
  • Mar 30, 2009 3:56am Mar 30, 2009 3:56am
thanks for the donation taomql4....

great thread, shamusfamous, there is already a marked improvement in my trading by following the VSA method, thanks a mil!!
Quoting taomql4
Great thread ShamusFamous--fantastic


this is a must read for all scalpers of VSA-----it's also kinda of comical cause i think the guy doesn't know he's kinda trading a small variation of VSA--

Enjoy guys

My little donation---

http://www.forexnewstrader.com/forex-trading-system
  • #437
  • Mar 30, 2009 5:11am Mar 30, 2009 5:11am
Could someone tell me how would he trade this chart?
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  • #438
  • Mar 30, 2009 5:35am Mar 30, 2009 5:35am
Does anyone else think this was a no demand bar, or does the lack of an upward wick mean its not? I noticed the declining demand, and decided to short just at the close of bar, gained 30pips then jumped out.

EURUSD btw.

http://img.photobucket.com/albums/v2...A/EURUSD_3.jpg
Blogging daily now at www.volume.zone
  • #439
  • Mar 30, 2009 6:38am Mar 30, 2009 6:38am
Quoting teodosy87
Could someone tell me how would he trade this chart?
Hi teodosy87

Don't like trading small time frames since I am not in front of the computer, but for what its worth this is how I view the EURUSD chart at the moment.

I would wait to see how price action develops around the 1.32 region before doing anything

Cofion

Madog
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  • #440
  • Edited 7:44am Mar 30, 2009 7:19am | Edited 7:44am
You hardly ever see this. The "My Little Pony" Pattern on the 5 minute EURUSD

Could get interesting from here.

Notice the particularly fat belly on a Climax bar. Shows a lot of potential for price movement in the future.
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