Trade Using VSA (Volume Spread Analysis)

something wrong with the indi.... you got no demand bars in places they should not be ... and no supply bars in places they should not be .... there are only one kind of no demand bars and one kind of no supply bars

I have read thru this thread and seriously !!! this is just like NYSE's thread now .. hardly any postings regarding VSA ... only regarding the latest and greatest indicators.

The idea of shamus starting this thread was to talk vsa not indies , but sadly , as every trader is looking for the holy grail , all we have is updates of this indicator and that indicator.

Guess what guys and girls .. the holy grail is simple. .... it stares you in the face if you have volume and candles on your chart

keep it simple .... learn how to read the volume NOT A BUNCH OF INDICATORS... both on the right of the chart and the left of the chart. The volume in the background is them most important and will tell you what to look for where on the right of the chart

I only did 14 trades last week as was out of market for 2 day , 13 winners , 1 loser .. no fancy indies required

KISS baby KISS

that move down into support 141.30 zone was an easy long as there was a classic no selling pressure

I can't see any indis on your screen Malcolm..... Lol



Lubo.

lol 99% of time I ignore rsx ..I only use it to look for divergences

I agree, Mal... keep it simple guys, study and practise it!

You are brilliant and very generous Flash.

a BIG THANK YOU.

glad you found it funny . but check this out .... that 200 pip long on friday was jumping out of the screen and hitting me in the head with a 2x4

look at the bull div and weakness in volume all way down in London session

spot div on 3 min rsx .. look for vsa trigger .. like taking candy from a
baby ... 2 nd chart bear div reversal after effort to rise 100 pip trade 30 min

I am not going to go into how to trade vsa and divergences together.

glad you found it funny . but check this out .... that 200 pip long on friday was jumping out of the screen and hitting me in the head with a 2x4

look at the bull div and weakness in volume all way down in London session

spot div on 3 min rsx .. look for vsa trigger .. like taking candy from a
baby ... 2 nd chart bear div reversal after effort to rise 100 pip trade 30 min

I am not going to go into how to trade vsa and divergences together.

Attachment

It doesn't get any more simple that what ForexFlash put up as his latest indicator [unless there was actually a sign that went across the screen that says "trade now"]....

LOL

I love simplicity.

Thanks again Flash

Nice VSA system,

PS.
- How can we move 'daily range text" into left-bottom corner ?


Thanks

Cheers,

while Forex flash is one of the best programmers I have seen blindly following indicators , no matter what they are will lose you money . If you do not understand the concept of VSA and learn what vsa is and how to read volume then even something as simple as the better volume indicator will lose you money .

here is chart of usdchf with forexflashes new indie on it ..follow it blindly and lose money , learn how to trade vsa without indicators and then use the indicator to help you get into a trade in the direction the pros are entering the market ( and just cause there is a down channel on the 5 min does not mean they are selling ) that will make you money....

there are no demand on pivots lows .. wrong .... nothing on a major pivot low .. wrong lost opportunity

look at the no supply 3 and 6 at top of market .... the indie say go long as they are no supply in fact there is signs of a rising market either side of them , I do not need any fancy indies to see that it is a simple sell.

the yellow better vol indie at about 0630 april 24th is a no demand and a sell , flash does not have that marked but has the next candle marked as no supply meaning price should go up not down .

I would be VERY cautious using this indie.

trying to mimic trade guider is very hard to do , even the ninja trader vsa indie that tries to mimic tradeguider is so/so.

however if one simple learns how to interpret volume and spreads you do not need any fancy indicators to help you.

no to put down flashes indie ,, want to reiterate Flash is a prgramming genius .... but VSA is a very hard thing to programme.

here is 4 hour usd chf chart

on right of chart what is called no demand 6 is in fact a low volume test and no selling pressure= long not short.

what is marked as no demand 6 ... is not a no demand bar .. these are low volume up bars into new highs . This was a low volume test in a distribution zone.

the doji at about 0100 has nothing assigned to it .. it is one of the clearest end of a rising market signals and easiest to sell.

the double candle set up at about 1700 hrs April 22 is reversal after effort to rise / supply hitting market ... easy place to enter sell with distribution in the back ground .

then on way down we had 2x no supply signals , which were somewhat right but if one does not understand vsa and did not understand the distribution phase and pros selling apr 17 1500 to 22 apr 1700 , you would be going long on these signals both times stopped out.

THIS POSTING IS NOT TO PUT DOWN THE INDIE IT IS TO EXPLAIN LEARN HOW TO TRADE NAKED .... DO NOT RELY On A HOLY GRAIL INDICATOR TO MAKE YOU MONEY IN THIS MARKET.

if you want to learn vsa . I mean truly learn it as I have then read master the markets 20 times and spend hundreds of hours studying charts applying the principles in the book .

by the way tradeguider very clearly showed the top in usdchf 60 min

as mentioned earlier , 99 % accuracy last week , one 35 pip loser.

Thank you for Remainder,

Price & Volume Divergences TS give us the VSA Backround qq Bullish and Bearish Volume, which is not found in Better Volume Indicator.

How do you draw horizontal-line with 2-3 color(Aqua etc) ? Are they Yesterday close/High, Last week Close/high or 2-3 top/bottom Trendlines as S/R ?

Cheer,
---------------------------------

qoute :
"What is Bullish & Bearish Volume?
There are only two basic definitions for bullish and bearish volume:
1. Bullish volume is increasing volume on up moves and decreasing volume on down moves.
2. Bearish volume is increasing volume on down moves and decreasing volume on up moves.
Knowing this is only a start and in many cases not a great deal of help for trading. You need to know more than this general observation. You need to look at the price spread and price action in relation to the volume. Most technical analysis tools tend to look at an area of a chart rather than a trading point. That is, averaging techniques are used to smooth what is seen as noisy data. The net effect of smoothing is to diminish the importance of variation in the data flow and to hide the true relationship between volume and e price action, rather than highlighting it!
th
By using TradeGuider, volume activity is automatically calculated and displayed on a separate indicator. The accuracy of this leaves you in no doubt that bullish volume is expanding volume on up-bars and ecreasing volume on down-bars.
d
The market is an on-going story, unfolding bar by bar. The art of reading the market is to take an overall view, not to concentrate on individual bars. For example, once a market has finished distributing, the ‘smart money’ will want to trap you into thinking that the market is going up. So, near the end of a distribution phase you may, but not always, see either an up-thrust (see later) or low volume up-bars. Both of these observations mean little on their own. However, because there is weakness in the background, ese signs now become very significant signs of weakness, and the perfect place to take a short position.
th
Any current action that is taking place cannot alter the strength or weakness that is embedded (and latent) in the background. It is vital to remember that near background indications are just as important as the most recent.
As an example, you do exactly the same thing in your life. Your daily decisions are based on your background information and only partly on what is happening today. If you won the lottery last week, yes, you might be buying a yacht today, but your decision to buy a yacht today will be based on your recent background history of financial strength appearing in your life last week. The stock market is exactly the same. Today’s action is heavily influenced by recent background strength or weakness, rather than what is actually happening today [this is why 'news' does not have a long term effect]. If the market is being artificially marked up, this will be due to weakness in the background. If prices are being artificially arked down it will due to strength in the background.
m
TradeGuider

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thank you so much for all those good stuff...

so actually what i was looking for is a market profile indicator (used by malcolmb14 in one old chart screen. perhaps, he still uses it). thanks LuboLabo for the indicators and the explanation.

vsa is definitely something that makes sense to me. i will keep an eye on this thread.

one question: what is it and what does it means that gray dot-line in the "better volume 1.3" indicator? thanks...

in the hope to see more charts (perhaps even videos) explaining more how to read volume, i thank you all again and wish you all a lot of pips!!!

,,,

You are absolutely right.

In my opinion though, the reason this thread only has indicators mentioned now is because:

Since the chatroom opened up nobody has been posting any charts in realtime for discussion anymore. So it is bound to be just indicators isn't it ?

I personally, don't have time to go into the chat room and also when I have been in there has been nothing of any help being talked about in there. Also, you can't post a chart up in there so I have left it alone.

I am trying to learn 'pure VSA' as I am sure many others are so why can't we all start reverting to posting charts again IN HERE ?

That way we will all learn a lot more.

Someone post a chart and generate feedback from those trying to learn as well as our more proficient VSA traders ... surely this is the way to go with the thread?

I see it as THREAD or CHATROOM ?

You choose..... let's have a vote ??

My vote is for Charts Posted In Thread.

Enjoy the rest of your weekend everyone.

WG

PS. Thanks to Shamus for setting up the chatroom, but I think it has had an adverse effect on this thread being helpful as a learning tool.

[quote=Willowgal;2695138]You are absolutely right.

...

My vote is for Charts Posted In Thread.

Enjoy the rest of your weekend everyone.

WG

......quote]



Me too

Malcomb14 you are right....and I know that I said a few times already that
Im done with coding for VSA....but when I code something, I just want to
share that.....I will be extremely happy to code a good VSA indi that
will make money for all off us here!

I know that holy grail is within us, and not in some indicator.
One must realy learn and understand VSA to trade it totaly naked,
and be very profitable with it.
Here, I made this text document for me as a study project,
it is a shorted version of Master the markets that have all the
needed info with pictured explanations how to trade VSA.
This text is a must for anyone here!!!
(the atached files are RARs, but I needed to rename them to zip, so change that before uncompresing them)

Enjoy your read.

I don't know about the chat room, but I would agree that the best way to use this or any other thread to learn and improve one's knowledge of VSA is to post charts with one's belief and then critique them. The items I learn best from were in Trader's Lab where someone called Eiger posted several charts with detailed, clear explanations. And on this thread and NYSE's where the same happened I felt I could learn from it.

From what I can see the key first step is understanding the background, what has happened over the last day and few hours that show what the big money is doing and then wait for the appropriate setup. The difficulty is properly reading that background (the setups are fairly straightforward except if you don't understand the background then the setups can be misleading).