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Trade Using VSA (Volume Spread Analysis)

  • #921
  • Apr 24, 2009 5:14am Apr 24, 2009 5:14am
Quoting ShamusFamous
Changing the MM line text can be fun if you're bored.

http://content.screencast.com/users/...04-21_1750.png
i am sorry to clutter this post but i just cant resist.....i havent been in the chat much this week because i just finally stopped lauging and healed from falling out of my chair........
  • #922
  • Apr 24, 2009 6:08am Apr 24, 2009 6:08am
Just about the same move as yesterday just took a little longer to take off.

Attached Image (click to enlarge)
Click to Enlarge Name: 5min GBPUSD.GIF Size: 37 KB
Boxing clever since 76.
  • #923
  • Apr 24, 2009 6:12am Apr 24, 2009 6:12am
I hope people wernt too bored to miss this one.......the high volume candle before the spike low had a wick below and no follow through. Then the ~doji spike low to a psychological level of 575 was on average volume - again a long downside wick, so no more sellers - a good area to take a buy.

The Durable Goods news bar had high vol and despite the upside wick, didnt breakdown, so still positive action until demand overcame supply in the ultra wide range high volume candle, with the following one spiking up to the 700 level - a great place to take profits.....~100pips......http://www.forexfactory.com/images/icons/icon12.gif

Now to wait for the next signal.....perhaps a low volume upthrust above 700 to set up a retrace....Time Will Tell....
Attached Image (click to enlarge)
Click to Enlarge Name: apr 24 cable 5m 1300.gif Size: 16 KB
Trading Levels with WRBs
  • #924
  • Edited 6:35am Apr 24, 2009 6:13am | Edited 6:35am
Quoting copi88
Just about the same move as yesterday just took a little longer to take off.

LOL.....and I'm now short off the 725 level....

Edit: Closed for +9 when the pull back stalled - re-selling higher
Trading Levels with WRBs
  • #925
  • Apr 24, 2009 6:25am Apr 24, 2009 6:25am
Quoting Islander
LOL.....and I'm now short off the 725 level....


The 1.4587 level has been a good level to go off. Its been acting as S&R for the last couple of days now.

Nice to know we are seeing the same thing, although I bought again at the break of that 30min bar at 1.4611.

Supa
Attached Image (click to enlarge)
Click to Enlarge Name: 30min GBPUSD.GIF Size: 38 KB
Boxing clever since 76.
  • #926
  • Apr 24, 2009 6:28am Apr 24, 2009 6:28am
Quoting copi88


The 1.4587 level has been a good level to go off. Its been acting as S&R for the last couple of days now.

Nice to know we are seeing the same thing, although I bought again at the break of that 30min bar at 1.4611.

Supa
NP on your last buy as long as you trail a tight stop - remember yesterdays high was at 4742.....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #927
  • Edited 7:12am Apr 24, 2009 6:32am | Edited 7:12am
Quoting Islander
NP on your last buy as long as you trail a tight stop - remember yesterdays high was at 4742.....http://www.forexfactory.com/images/icons/icon12.gif
yes, more of a risky trade, moved it to BE when it got to 42. seems to be struggeling a bit. maybe the momentum is enough to take it though....

its going to have another go at it i think

c

EDIT: Closed it them all at 1.4770
Boxing clever since 76.
  • #928
  • Apr 24, 2009 9:34am Apr 24, 2009 9:34am
This may be a stupid question, but how can there be different selling volumes and buying volumes? Doesn't there need to be a buyer and a seller for every transaction?

Or is the indicator just displaying a higher volume of buyers/sellers based on where the priced moved during that bar?


Quoting copi88
Hi Islander

Yes, got in on the same trade at 1.4525. It was even more clear if you use that indicator that Flash (TicksSeperateVolume) kindly gave us where it shows Buying and Selling volumes separately.

My volume looks a bit different from yours. I am using a live IBFX account. You can see the Selling Climax in the is a high volume/low spread bar going down onto resistance at 1.4525 and then the selling drops right off compared to the bar before it.

[color=black]In the high spread/high...
  • #929
  • Apr 24, 2009 10:02am Apr 24, 2009 10:02am
There does not have to be a buyer for every seller. You could be selling off a big block from the market makers. Recomended reading: Master The Markets by Tom Williams.
  • #930
  • Apr 24, 2009 12:19pm Apr 24, 2009 12:19pm
Here is an another example of VSA combined with MML's (GU M5)

There was a slowing volume down move towards the 3/8 MML (1.4587)

Then a higher volume Reverse upthrust which resulted in a very nice trade.

It steamrolled through the 4/8, 5/8, and touched the 6/8 before starting to pull back to the 4/8. It is now hovering in the 1.4660ish range


No volume in my chart screenshot as this is my live account and I don't use IBFX for my live account.
Attached Image
The trend always ends.
  • #931
  • Apr 24, 2009 12:22pm Apr 24, 2009 12:22pm
wow! really nice work is done here! thanks for everything! =)
  • #932
  • Apr 24, 2009 1:10pm Apr 24, 2009 1:10pm
Just more toys for folks that wanna play--off from another thread in the FF forum--shows Avg vol--if you wanna watch

BTW--shamus i think these volume thing is beginning to take off--LOL;;sooner rather than later--people are gonna look stupid if you don't have volume on your chart(as it should be)

Nice weekend --
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 149.gif Size: 52 KB
Attached File(s)
File Type: mq4 Volumes Emphasized.mq4   11 KB | 978 downloads
File Type: mq4 Volumes Emphasized_v1.mq4   11 KB | 1,202 downloads
  • #933
  • Apr 24, 2009 1:16pm Apr 24, 2009 1:16pm
Quoting taomql4
...

BTW--shamus ...if you don't have volume on your chart(as it should be)

Nice weekend --
Yeah I should prolly screen from the demo acct instead. lol... and on that note I am out of here for the weekend. I hope everyone has a great one and I'll see you in the chat on Sunday for Asia.

Cheers
The trend always ends.
  • #934
  • Apr 24, 2009 10:07pm Apr 24, 2009 10:07pm
Quoting taomql4
Just more toys for folks that wanna play--off from another thread in the FF forum--shows Avg vol--if you wanna watch

BTW--shamus i think these volume thing is beginning to take off--LOL;;sooner rather than later--people are gonna look stupid if you don't have volume on your chart(as it should be)

Nice weekend --

Does anyone know how to interpret/decipher the information on this indicator?

What does each stem color mean?

thanks
  • #935
  • Apr 25, 2009 3:41am Apr 25, 2009 3:41am
I coded this for my personal usage, and it is complete system for my trading.
It have a separate volumes(histogram), the dots above volumes are signals based on better volume(high churn, climax...etc),no supply and demand signals on chart, it has its own channel and
average range display with MurreyMath levels!

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 41 KB
Attached File(s)
File Type: mq4 VSA MA3X MURREYMATH with CHANNEL. mq4.mq4   48 KB | 1,824 downloads
forexflash
  • #936
  • Apr 25, 2009 4:25am Apr 25, 2009 4:25am
Quoting FOREXflash
I coded this for my personal usage, and it is complete system for my trading.
It have a separate volumes(histogram), the dots above volumes are signals based on better volume(high churn, climax...etc),no supply and demand signals on chart, it has its own channel and
average range display with MurreyMath levels!

Enjoy
This look very interesting, expecially the volume.

Thanks.
Lubo.
If I know how, I tell You!! Few but Good!!
  • #937
  • Apr 25, 2009 5:39am Apr 25, 2009 5:39am
Quoting FOREXflash
I coded this for my personal usage, and it is complete system for my trading.
It have a separate volumes(histogram), the dots above volumes are signals based on better volume(high churn, climax...etc),no supply and demand signals on chart, it has its own channel and
average range display with MurreyMath levels!

Enjoy
Thanks a lot.
The Market pays you to be disciplined
  • #938
  • Apr 25, 2009 6:02am Apr 25, 2009 6:02am
Quoting FOREXflash
I coded this for my personal usage, and it is complete system for my trading.
It have a separate volumes(histogram), the dots above volumes are signals based on better volume(high churn, climax...etc),no supply and demand signals on chart, it has its own channel and
average range display with MurreyMath levels!

Enjoy
OMG !!!

This is brilliant and so generous of you FOREXflash.

Thanks

WG
  • #939
  • Apr 25, 2009 8:08am Apr 25, 2009 8:08am
Quoting FOREXflash
I coded this for my personal usage, and it is complete system for my trading.
It have a separate volumes(histogram), the dots above volumes are signals based on better volume(high churn, climax...etc),no supply and demand signals on chart, it has its own channel and
average range display with MurreyMath levels!

Enjoy
Thanks Flash
Boxing clever since 76.
  • #940
  • Apr 25, 2009 10:15am Apr 25, 2009 10:15am
Quoting R Richards
There does not have to be a buyer for every seller. You could be selling off a big block from the market makers. Recomended reading: Master The Markets by Tom Williams.

Thanks for the tip Richard, I will read that book.

Although there may be more buyers than sellers, or vice versa, I still can't see how the total volume for selling and buying can be different, since for any amount of selling to occur, there must be an equal amount of buying.

I'm guessing that these indicators display different buying and selling volumes either based on counting the ticks where the price moves up versus the ticks where the price moves down, or perhaps by measuring the price change during a bar and displaying that information as buying or selling volume.

If anyone knows for sure it would be enlightening to hear from you.
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