look UJ ... right on 100 going into tokyo .... what you think the asians will do ? i am thinking bounce uj off 100 .... that would easily take gj thru to 150 in asia
Trade Using VSA (Volume Spread Analysis)
- #701
- Apr 13, 2009 2:56pm Apr 13, 2009 2:56pm
- Joined Sep 2006 | Status: Collector | 9,833 Posts
- #706
- Apr 13, 2009 4:13pm Apr 13, 2009 4:13pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Blogging daily now at www.volume.zone
- #707
- Apr 13, 2009 4:55pm Apr 13, 2009 4:55pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
this is what you get if you try to trade vsa without considering background . I was trying to warn our friend this morning ,.. but could not post in his forum
Blogging daily now at www.volume.zone
- #710
- Edited 9:51pm Apr 13, 2009 8:52pm | Edited 9:51pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
this is what you get if you try to trade vsa without considering background . I was trying to warn our friend this morning ,.. but could not post in his forum
Attachment
i swear the drama that has developed today between you guys(malcolmb-getting banned by NYSE--willowgal/LuboLabo and ShamusFamous calling out NYSE on a wrong call he made on 15min TF eurusd and then(he nyse)deleting the post--after the trade went wrong--
--but LuboLabo hanging on to the post and prediction to use later on--it has been nothing short of pure entertainment----and you guys thought i was the crazy one- trying to understand nyse's method compare to the VSA i know---
i think NYSE trades are really based on volume(and very few bars--at least earlier on and tick volumes can change in a blink of an eye)-------VSA tells a beautiful but yet simple STORY--if you are willing to listen and the HL-HC--spread--thing--was just way too much for me--
TO me---its not that complicated---i mean guys in the pits(traders)--with little or no time to load up all kinds of indicators---can simply look at the trading boards--look at history of the bars--check the spreads and volume---and make their calls ---easily--in like 2 secs because if they don't -the competition will--glad to see am not the crazy one----
WOW----today was really fun--and funny
BTW---shamus---how are you handling your murder convictions today..lol..its in the news--looks like you are handling it pretty well--considering
- #711
- Edited 11:21pm Apr 13, 2009 10:36pm | Edited 11:21pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
annd don't feel too bad- sometimes buying and selling pressures are too great for smart money to overcome--things happen--as long as you recognise them and be honest about the situation-are you seeing things you wanna see or what the background is really saying--what about the test bars--some don't happen immediately you know--some happen several bars later--and some people ignore the part totally--i say wait for that piece of news to come in--thats why i say good luck with the EA's--its going to be tough---if you are trully going to be honest--
the eurusd as been travelling in a clean upward channel movement for about 19 hours now--the buying pressure on that currency was superb with volatility picking up too(i promise you my volatility indy uses two nuclear reactors plus my neighbors lights flicker when its on and it was buzzing)---don't know when NYSE made that call to short---but no way any arm or division of smart money--Is stopping that thing..lol..i think its just about retracing now--
Its being a pleasant evening---Good night folks
the eurusd as been travelling in a clean upward channel movement for about 19 hours now--the buying pressure on that currency was superb with volatility picking up too(i promise you my volatility indy uses two nuclear reactors plus my neighbors lights flicker when its on and it was buzzing)---don't know when NYSE made that call to short---but no way any arm or division of smart money
--Is stopping that thing..lol..i think its just about retracing now--Its being a pleasant evening---Good night folks
- #713
- Edited 3:20pm Apr 14, 2009 9:26am | Edited 3:20pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
OUR history- the uptrend move-the buying climax(2red bars--though its suspect cause i took it in the middle of a news release-buying climax---SM sold into that bar so much that two bars had to make up for it-(good sign of weakness--background)
So like a good volture--lol-i wait
for the SM to let me in --they are nice people too you know(in your dreams)--when the no demand bar(up bar)--(the red line) occurred--look at the volume-(shorter than the previous bars-those are some folks trying to be HEROES not mee) after the next bar was down--(confirming the weakness)i jumped in--
Also look at the green bar(highchurn bar--yet again heroes were met with selling pressure_)--the vix kept me in knowing those Suckers weren't going to be successful.
Now we are about to hit some S/R levels--so i took my earnings--not interesting in seeing if they can break it---am not Greedy
.this is usually the time i go play golf--
P.S--the price went under the black line--my own version of the vix(volatility-i think it took 4 days to put in on chart--lol---means SM means business.
So there--i listened to the NICE little story--and am rich BIIAATCH--should have loaded it up with some big lots--
So like a good volture--lol-i wait
for the SM to let me in --they are nice people too you know(in your dreams)--when the no demand bar(up bar)--(the red line) occurred--look at the volume-(shorter than the previous bars-those are some folks trying to be HEROES not mee) after the next bar was down--(confirming the weakness)i jumped in--Also look at the green bar(highchurn bar--yet again heroes were met with selling pressure_)--the vix kept me in knowing those Suckers weren't going to be successful.
Now we are about to hit some S/R levels--so i took my earnings--not interesting in seeing if they can break it---am not Greedy
.this is usually the time i go play golf--P.S--the price went under the black line--my own version of the vix(volatility-i think it took 4 days to put in on chart--lol---means SM means business.
So there--i listened to the NICE little story--and am rich BIIAATCH--should have loaded it up with some big lots--
- #716
- Apr 14, 2009 11:37am Apr 14, 2009 11:37am
hi there guys, just finished reading this thread and hopefully can finished + understand the ebooks posted in the 1st post...overall, i give this thread a 10 over 10 for usefullness...been trading using OBV and volume but now this vsa is way better...
I'm going to start a thread in some other forum bcoz where i'm from, although english is second language, still many can't read and understand it fast enuf, so going to translate all these to my native language, that is Malay...
anyhow thanx again and hopefully i can post some charts here so that...
Are you from Malaysia?
We are trying to understand what happens inside a chart, we are not just trying to have a good balance between our trades, but keep a critical eye to the eternal battle between supply and demand, so these analysis gives us the most clear vision of the moment.
What is the most difficult to do using this approach to trading?
Surely we must have excellent knowledge bases, and be very good observers, but the greater difficulty is summarize in a single image, the more clear as possible, all the pieces of the puzzle.
In this example I used just the clear bullish channel joined the observation of price action, the classic supports / resistances, Fibo and this new tool for me (VSA).
I am not a guru of the price action, there are around people a lot more qualified than me, and even the VSA, then I hope something wrong in my analysis, so someone make me see and learn something new.
Let’s begin
This analysis begin after 30 March, so we have the confirmation of the bullish channel, hammer on support line, followed by very good bullish engulfing. Exactly it begins with break-up of the bullish triangle on 1H, on the daily chart we see it as a candle that has the same open/close and it close at the top (DragonFly).
Taking this in mind, there is every reason to consider we are looking at bullish time.
http://www.postimage.org/Pq1ZBIrJ.jpg
To understand what happen on daily, go to smaller timeframe
http://www.postimage.org/aV1_vh_i.jpg
After the break-up of ascending triangle, we have a little range to confirm break, and a good bull run. Maybe someone take profit on top, price go sideways and go to make a test immediately after marked a new high. The test is good and we look at second bull run ended in a hot zone. Price is burning.
It break the trendline and the orizzontal support, so a very good bear run begin. After a little pullback, it end at the cluster support.
We have not seen nothing, the next chart is the most important piece of background.
http://www.postimage.org/Pq1ZSl3J.jpg
1: Bull Run + Increasing Volume BULL PRESSURE
2: Higher Lows and Resistance + Decreasing Volume DECREASING BULL PRESSURE
3: Failed UpThrust + High Volume than Price Fall + Decreasing Volume going to Test NO SELLING PRESSURE
4: Test + Bull Run + Increasing Volume, end with eccesive volume and shadow of candle mark resistance. BULL PRESSURE
5: Test + Decreasing Volume, Price mark support trendline, Failed upthrust with eccessive volume NEUTRAL
6: Price marks support trend line with closes high, Look at Decreasing Volume ! DECREASING BULL PRESSURE
7: Gap! Upthrust and closes high, end with failed upthrusts, look at flat Volume! LOW BUY PRESSURE
8: Price into Range and Series of upthrust with High Volume, we are on HOT ZONE, Price is burning :-)
9: Break-Down with Increasing Volume BEAR PRESSURE
A: Price mark 50%Fib, Pullback with Decreasing Volume, end with Double Highs and Break of support trendline of pullback. LOW BUY PRESSURE + BEAR PRESSURE
B: Break of double low of candles with Increasing Volume BEAR PRESSURE
C: Price into range with Increasing Volume and high Volume on break NEUTRAL + BEAR PRESSURE
We have witnessed a shift among buyers and sellers, we had early signs of lack of buyers (6),
and some alarming, especially to (7),
after we have seen signs of the good potential sellers (8)
until we had confirmed the break (9)
the pullback has given us confirmation that the bear movement was not finished yet (A)
thus breaking the trandline support, has given us yet confirmed (B)
Returning to the first and second chart, and taking into account the channel and the areas of oversold, the signals at (6), especially(7) and (8) leave no doubt.
After the writing of this post, I believe that I could do without it, especially because I used the google translator, I am sure you have noticed, I could make at least one trade in peace and comfort.
I could go on analyzing the volumes on individual candles, but I think it is much more important background, because' most difficult to grasp
Thanks for writing
What is the most difficult to do using this approach to trading?
Surely we must have excellent knowledge bases, and be very good observers, but the greater difficulty is summarize in a single image, the more clear as possible, all the pieces of the puzzle.
In this example I used just the clear bullish channel joined the observation of price action, the classic supports / resistances, Fibo and this new tool for me (VSA).
I am not a guru of the price action, there are around people a lot more qualified than me, and even the VSA, then I hope something wrong in my analysis, so someone make me see and learn something new.
Let’s begin
This analysis begin after 30 March, so we have the confirmation of the bullish channel, hammer on support line, followed by very good bullish engulfing. Exactly it begins with break-up of the bullish triangle on 1H, on the daily chart we see it as a candle that has the same open/close and it close at the top (DragonFly).
Taking this in mind, there is every reason to consider we are looking at bullish time.
http://www.postimage.org/Pq1ZBIrJ.jpg
To understand what happen on daily, go to smaller timeframe
http://www.postimage.org/aV1_vh_i.jpg
After the break-up of ascending triangle, we have a little range to confirm break, and a good bull run. Maybe someone take profit on top, price go sideways and go to make a test immediately after marked a new high. The test is good and we look at second bull run ended in a hot zone. Price is burning.
It break the trendline and the orizzontal support, so a very good bear run begin. After a little pullback, it end at the cluster support.
We have not seen nothing, the next chart is the most important piece of background.
http://www.postimage.org/Pq1ZSl3J.jpg
1: Bull Run + Increasing Volume BULL PRESSURE
2: Higher Lows and Resistance + Decreasing Volume DECREASING BULL PRESSURE
3: Failed UpThrust + High Volume than Price Fall + Decreasing Volume going to Test NO SELLING PRESSURE
4: Test + Bull Run + Increasing Volume, end with eccesive volume and shadow of candle mark resistance. BULL PRESSURE
5: Test + Decreasing Volume, Price mark support trendline, Failed upthrust with eccessive volume NEUTRAL
6: Price marks support trend line with closes high, Look at Decreasing Volume ! DECREASING BULL PRESSURE
7: Gap! Upthrust and closes high, end with failed upthrusts, look at flat Volume! LOW BUY PRESSURE
8: Price into Range and Series of upthrust with High Volume, we are on HOT ZONE, Price is burning :-)
9: Break-Down with Increasing Volume BEAR PRESSURE
A: Price mark 50%Fib, Pullback with Decreasing Volume, end with Double Highs and Break of support trendline of pullback. LOW BUY PRESSURE + BEAR PRESSURE
B: Break of double low of candles with Increasing Volume BEAR PRESSURE
C: Price into range with Increasing Volume and high Volume on break NEUTRAL + BEAR PRESSURE
We have witnessed a shift among buyers and sellers, we had early signs of lack of buyers (6),
and some alarming, especially to (7),
after we have seen signs of the good potential sellers (8)
until we had confirmed the break (9)
the pullback has given us confirmation that the bear movement was not finished yet (A)
thus breaking the trandline support, has given us yet confirmed (B)
Returning to the first and second chart, and taking into account the channel and the areas of oversold, the signals at (6), especially(7) and (8) leave no doubt.
After the writing of this post, I believe that I could do without it, especially because I used the google translator, I am sure you have noticed, I could make at least one trade in peace and comfort.
I could go on analyzing the volumes on individual candles, but I think it is much more important background, because' most difficult to grasp
Thanks for writing
Be Right Back!
- #719
- Apr 14, 2009 3:13pm Apr 14, 2009 3:13pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
WOW--update---the S/R levels that i spoke about has proven to be nasty--battle between the short term and mid term traders--
Okay--here we go again---let see if the weak reistance is broken this time(another try)with help of the short-term traders--spotted my climax on the mini-uptrend--and the no demand upbar--and a little help from the strong pivot line--
Well--the stock market is closing in my neck of the woods--so here's hoping demand
just gives up--it usually helps when traders leave their desks..lol
Okay--here we go again---let see if the weak reistance is broken this time(another try)with help of the short-term traders--spotted my climax on the mini-uptrend--and the no demand upbar--and a little help from the strong pivot line--
Well--the stock market is closing in my neck of the woods--so here's hoping demand
just gives up--it usually helps when traders leave their desks..lol
- #720
- Edited 5:08pm Apr 14, 2009 4:01pm | Edited 5:08pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
