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Trade Using VSA (Volume Spread Analysis)

  • #521
  • Apr 2, 2009 6:44am Apr 2, 2009 6:44am
Quoting Madog
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
Heres one I took this morning due to the fact that the recent push down had been on relatively low volume, below the 100 SMA on the volume chart.

Placed a Buy/stop just above the last few bars.

Cofion

Madog
Attached Image (click to enlarge)
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  • #522
  • Apr 2, 2009 7:18am Apr 2, 2009 7:18am
Nice trade Madog. Were you still long for the news this morning?
The trend always ends.
  • #523
  • Apr 2, 2009 7:27am Apr 2, 2009 7:27am
Hi all,

Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up.

Appreciate analysis and comments of what I missed here?

Thanks

WG

PS. I am still so it may just be taking longer than I hoped to drop like a stone !!
Attached Image (click to enlarge)
Click to Enlarge Name: vsa-upthrust eurgbp.gif Size: 39 KB
  • #524
  • Apr 2, 2009 8:09am Apr 2, 2009 8:09am
Quoting Willowgal
Hi all,

Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up.

Appreciate analysis and comments of what I missed here?

Thanks

WG

PS. I am still so it may just be taking longer than I hoped to drop like a stone !!
What time did you place this trade? There was an EUR interest rate release 12:45 GMT. ECB cut less than expected and so the EUR has been strengthening
Boxing clever since 76.
  • #525
  • Apr 2, 2009 8:14am Apr 2, 2009 8:14am
Quoting Willowgal
Hi all,

Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up.

Appreciate analysis and comments of what I missed here?

Thanks

WG

PS. I am still so it may just be taking longer than I hoped to drop like a stone !!
That looks like the ecb candle. Try to be aware of big news events (calendar indictor fcal is something you can put right on your chart)

I treat session open and close as news too. Meaning I won't trade for 15m before or after.

EDIT: Copi Beat me to it.
The trend always ends.
  • #526
  • Apr 2, 2009 8:21am Apr 2, 2009 8:21am
Quoting ShamusFamous
That looks like the ecb candle. Try to be aware of big news events (calendar indictor fcal is something you can put right on your chart)

I treat session open and close as news too. Meaning I won't trade for 15m before or after.

EDIT: Copi Beat me to it.
Yes.... it looks like I timed that trade very badly - at least I know why now!

Have you got the fcal indicator at hand to post ?

Thanks ShamusO'ReillyMcFamous
  • #527
  • Apr 2, 2009 8:31am Apr 2, 2009 8:31am
Quoting Willowgal
Yes.... it looks like I timed that trade very badly - at least I know why now!

Have you got the fcal indicator at hand to post ?

Thanks ShamusO'ReillyMcFamous
I was going to post it on first post but am in the middle of some stuff atm. A quick search of forex factory's programing discussion forum should get it for you. It's pretty popular.
The trend always ends.
  • #528
  • Apr 2, 2009 8:47am Apr 2, 2009 8:47am
Quoting ShamusFamous
I was going to post it on first post but am in the middle of some stuff atm. A quick search of forex factory's programing discussion forum should get it for you. It's pretty popular.
Link to Hanovers news indicator..

http://www.forexfactory.com/showthread.php?t=16364

I havent used it myself.
Boxing clever since 76.
  • #529
  • Apr 2, 2009 8:53am Apr 2, 2009 8:53am
Quoting Willowgal
Hi all,

Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up.

Appreciate analysis and comments of what I missed here?

Thanks

WG

PS. I am still so it may just be taking longer than I hoped to drop like a stone !!
We discussed this in the chat and I posted a chart there and in my Naked Thread......the spike was on the ECB rates announcement - 0.25% vs the expected 0.5%
Trading Levels with WRBs
  • #530
  • Apr 2, 2009 9:13am Apr 2, 2009 9:13am
Quoting copi88
Link to Hanovers news indicator..

http://www.forexfactory.com/showthread.php?t=16364

I havent used it myself.

I saw on someone's chart single line for upcoming news...very simple and effective enough...
The Market pays you to be disciplined
  • #531
  • Apr 2, 2009 9:23am Apr 2, 2009 9:23am
Quoting copi88
Link to Hanovers news indicator..

http://www.forexfactory.com/showthread.php?t=16364

I havent used it myself.

That one is total overkill. This is the original: http://www.forexfactory.com/showthread.php?t=19293

The trend always ends.
  • #532
  • Apr 2, 2009 10:00am Apr 2, 2009 10:00am
Long term VSA:

After a discussion regarding longer term trades with a friend of mine I was interested to see if VSA could truly be used for longer time frames with some success since most reference material suggests it can.

I looked at the daily chart (a few days ago) on my dirty girl (GBP/USD) and saw what looked like a good long VSA signal.

I placed a long order on her and currently the trade is still open at +538 pips.

I have a target of GU at 1.50 and a really wide trail. I will likely tighten the trail if I see some change in the daily (using VSA) or just close it but it's very cool that VSA works just as well with a longer term focus.

I personally like looking at shorter time frames and jumping in and out, but for people that can't spend as much time in front of their charts, longer tf trades might be the answer.
The trend always ends.
  • #533
  • Apr 2, 2009 10:24am Apr 2, 2009 10:24am
Quoting ShamusFamous
Long term VSA:

After a discussion regarding longer term trades with a friend of mine I was interested to see if VSA could truly be used for longer time frames with some success since most reference material suggests it can.

I looked at the daily chart (a few days ago) on my dirty girl (GBP/USD) and saw what looked like a good long VSA signal.

I placed a long order on her and currently the trade is still open at +538 pips.

I have a target of GU at 1.50 and a really wide trail. I will likely tighten the trail if I see some change in the daily...
Nice one Shamus. Would you mind posting a chart showing us what you saw?

I believe VSA principles are valid for all timeframes.

Supa
Boxing clever since 76.
  • #534
  • Apr 2, 2009 11:10am Apr 2, 2009 11:10am
Quoting ShamusFamous
Nice trade Madog. Were you still long for the news this morning?
Hi Shamus

Just came back in to see how the trade is going. The trade is still going with a 65pip trailing stop and up 194 pips. I'm afraid that I haven't got a clue about the news, thats one big fault of mine I never pay any attention to the news only the charts. Definitely something I should work on.

What was the news by the way?

Here's another I took just on price action.

Cofion

Madog
Attached Image (click to enlarge)
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  • #535
  • Apr 2, 2009 2:45pm Apr 2, 2009 2:45pm
great thread going here guys good work

i have a question tho when the smart money kicks in after news releases brokers usually widen spread and sometimes they just fill u at a completely different price (slippage) ,platform crashes or freezes :/

i am just asking does anyone here having the same problems and what are the best brokers that are good for this trading method thanks
  • #536
  • Apr 2, 2009 3:03pm Apr 2, 2009 3:03pm
Quoting Willowgal
Hi all,

Not sure what went on here... I went short after the close of what I thought was an Upthrust (highlighted bar0 , assuming SM sellers were in but it went up.

Appreciate analysis and comments of what I missed here?

Thanks

WG

PS. I am still so it may just be taking longer than I hoped to drop like a stone !!
Willowgal,

you've got to see things in context. An upthrust should only be used as a signal for a high probability trade if you came from a previous _uptrend_ and have seen weekness in the background. That would signal a good setup for a possible reversal and I'd get in. Same as if you had seen weakness and after a while see a no demand bar.

Hope I've helped.

Tiago
  • #537
  • Apr 2, 2009 3:56pm Apr 2, 2009 3:56pm
Here's one I'm looking out for tomorrow.

The Pin Bar is not a perfect one (nose is a bit short and it should close within the previous bars body I think) but there are a lot of other factors in favour of a bounce:

  1. Low volume on last down move
  2. 38 Fib line confluence
  3. Trend line support
  4. Horizontal Support

Any comments?

Cofion

Madog

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 23 KB
  • #538
  • Apr 2, 2009 5:09pm Apr 2, 2009 5:09pm
Quoting Madog
Here's one I'm looking out for tomorrow.

The Pin Bar is not a perfect one (nose is a bit short and it should close within the previous bars body I think) but there are a lot of other factors in favour of a bounce:

  1. Low volume on last down move
  2. 38 Fib line confluence
  3. Trend line support
  4. Horizontal Support

Any comments?

Cofion

Madog


look at gu 4 hour today ... we had a really high volume low spread bar at top ... could be end of rising market as it is at area of previous resistance.
Blogging daily now at www.volume.zone
  • #539
  • Apr 2, 2009 7:45pm Apr 2, 2009 7:45pm
http://www.hankpruden.com/MTWyckoffSchematics.pdf

There you will find the pure VSA Schematics : accumulation - markup - distribution - markdown.

I've just considering, if there is any possibility to code 'VSA cycles indicator" in MT4, that will enable us to "read the market" in VSA cycles Style for short - long term trade Setup.

thanks

regards.
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  • #540
  • Apr 2, 2009 8:49pm Apr 2, 2009 8:49pm
been quoiet as long in gj all day and revserde as she poked out to 148 ... not sure what is going to happen now but been looking at vsa coupled with murerey math lines

right now 4 hour is at 7/8 mml on gj and we have 2 x signs of reversal on vsa... moved stop to break even and hoping that might have been top this evening in asia

for more on murrey math
http://www.foretrade.com/MM_description.htm
Blogging daily now at www.volume.zone
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