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Trade Using VSA (Volume Spread Analysis)

  • #1,101
  • May 1, 2009 2:25am May 1, 2009 2:25am
Quoting Islander
G'Day Shamus......I'm now getting to busy to get into the chat and so my posting will now be sporadic - I've also dropped the MM lines and gone back to sweet spots combined with daily pivots - IMO more traders use these than rely on a slightly esoteric indy.....


This chart should be clear to all VSA followers - some great longs, two VSA warnings and then some great shorts.....http://www.forexfactory.com/images/icons/icon6.gif
Hey Islander

You and I have been taking very similar trades lately

I have still use MM but have the setting on the hourly TF, I still find them very useful inconjunction with sweetspots. The high yesterday was off a sweetspot and not MM and the reversal with its VSA clues would have been missed if one just had the MM lines in.

Some days Cable respects MM almost to the Pip and those days its almost too easy to trade
Boxing clever since 76.
  • #1,102
  • May 1, 2009 2:30am May 1, 2009 2:30am
Quoting ShamusFamous
Nice trades Islander. I have to say you are one of the best traders I've had the pleasure of following but I'm a bit confused on the MML comment.

I have found the pa is nearly to the pip on both major and minor lines throughout the day on every pair I watch. Of course whatever works best for you is best.

I have found the MML to be an excellent tool for entries and exits off of clear vsa (and sometimes not so clear) signals.

Hope work is treating you well and hope to see you in the chat soon.

Cheers.

PS. I would like to take a closer...
What I have found is that MM lines are frequently within a couple of pips of SS levels - logical if you use the 100s and 50s as MM lines are usually around 60 pips apart on cable. Also please remember that I only follow cable, euro and swissy, so you may well be correct about other pairs.

If we treat the MM levels as a band as I seem to remember we have been told to do, and likewise with the SS levels then they consistantly overlap.

Daily Pivots - when set to 5pm EST / EDT - are used a lot by Japanenese traders and following the methodology used 18 months ago by The Dove Alliance they give some very useful ranges to trade from......remember that 20+ years ago these ( and SS ) were the ONLY levels in daily use by the floor and pit traders - 'puters etc weren't known....http://www.forexfactory.com/images/icons/icon11.gif

You'll find plenty of examples here:

http://www.forexfactory.com/showthread.php?t=98028

Regards

Issy
Trading Levels with WRBs
  • #1,103
  • May 1, 2009 2:36am May 1, 2009 2:36am
These are the ones that I use....with SS I add the 25 / 75 levels when necessary.

The current DestTimeZone for GMT in the SDX pivots is 3.

Also a later version of the SS indy - I've not tried it
Attached File(s)
File Type: mq4 SDX-TzPivots_v4.1.mq4   41 KB | 740 downloads
File Type: mq4 SDX-SweetSpots_v5.2.mq4   13 KB | 847 downloads
File Type: mq4 SDX-SweetSpots_v5.2 Psch.mq4   13 KB | 855 downloads
Trading Levels with WRBs
  • #1,104
  • May 1, 2009 2:38am May 1, 2009 2:38am
Awesome. Thanks Islander. Will have plenty to read this weekend.
The trend always ends.
  • #1,105
  • May 1, 2009 3:00am May 1, 2009 3:00am
Quoting Islander
Crabbydog - I see that you are very interested in mentioning the "TG" people......FYI it was Tom Williams a British ex Chicago pit trader who popularised VSA in the early 90s....
I have the TG software but never met Tom or anyone else from there. I could never see how to make TG deliver any especial value, and I still struggle with VSA, despite being quite sure of its value. I thought I would try out TG again having now spent some time in these and other forums where there have been some really good explanations of TG which has helped my trading significantly. However, my version of TG wont load and TG people dont seem interested in helping.

From what I can see though VSA analysis is as easy just reading the charts in any reasonable package and I wont pay for further copies of TG. I understand TW himself doesn't use TG.

cheers
  • #1,106
  • Edited 5:20am May 1, 2009 3:28am | Edited 5:20am
Use of Sweet Spots / physc levels.....these are the current ones that are active on this chart....you can be certain that on the sppropriate day there was a MM level VERY close by......http://www.forexfactory.com/images/icons/icon12.gif

Edit: as long as the 4950 / 5000 area holds there'll be a great shampoo set up.....
Attached Image (click to enlarge)
Click to Enlarge Name: may 1 cable 4 hrly 0800.gif Size: 13 KB
Trading Levels with WRBs
  • #1,107
  • May 1, 2009 5:22am May 1, 2009 5:22am
Quoting Islander
Use of Sweet Spots / physc levels.....these are the current ones that are active on this chart....you can be certain that on the sppropriate day there was a MM level VERY close by......http://www.forexfactory.com/images/icons/icon12.gif
Hi Islander, Do you visit the "No Brainer Trades" FF forum at all?

(That chart looks like something BRV would have drawn by eye.)

G
  • #1,108
  • May 1, 2009 7:20am May 1, 2009 7:20am
Quoting Grath
Hi Islander, Do you visit the "No Brainer Trades" FF forum at all?

(That chart looks like something BRV would have drawn by eye.)

G
I did look at his thread a long time ago, but I always have longer term charts on one of my other profile pages and when appropriate I'll put their S&R levels up on my hourly charts.

I normally review charts like this over the weekend as they do take some time to reach their S&R levels....

Edit: once again, all the levels on this chart are Sweet Spot levels.....
Attached Image (click to enlarge)
Click to Enlarge Name: may 1 euro daily.gif Size: 25 KB
Trading Levels with WRBs
  • #1,109
  • May 1, 2009 8:32am May 1, 2009 8:32am
Nice short on the Cable at the +1/8th MM with volume divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: vsa30.gif Size: 45 KB
Boxing clever since 76.
  • #1,110
  • May 1, 2009 8:34am May 1, 2009 8:34am
Quoting copi88
Nice short on the Cable at the +1/8th MM with volume divergence.

that is a nice set up ....
Blogging daily now at www.volume.zone
  • #1,111
  • May 1, 2009 8:44am May 1, 2009 8:44am
Quoting malcolmb14
that is a nice set up ....
thanks malcolmb
Boxing clever since 76.
  • #1,112
  • May 1, 2009 9:20am May 1, 2009 9:20am
What is that top vloume indicator on your chart please? Also what indi is it on the upper left?
Thanks
  • #1,113
  • May 1, 2009 9:26am May 1, 2009 9:26am
Quoting R Richards
What is that top vloume indicator on your chart please? Also what indi is it on the upper left?
Thanks
Hi R

The volume indicator is TicksSpeparateVolume kindly coded by Flash.
The other is FFCal which is a news indicator. Not sure who coded it. I think you need to Enable DDE server for this to pick up the news items.

Both of these you can find on this thread. (Click on the paper clip icon on the top right of the page).
Boxing clever since 76.
  • #1,114
  • May 1, 2009 11:38am May 1, 2009 11:38am
Quoting Islander
These are the ones that I use....with SS I add the 25 / 75 levels when necessary.

The current DestTimeZone for GMT in the SDX pivots is 3.

Also a later version of the SS indy - I've not tried it
if my time is gmt+3 . use meta trader what no instell
  • #1,115
  • May 2, 2009 12:44am May 2, 2009 12:44am
There has been a lot of stuff posted (indi's and docs etc.) I haven't been updating the first post though.

Has someone been keeping track and want something(s) added to the first post?

Let me know here.

Hope you're all enjoying your weekend.
The trend always ends.
  • #1,116
  • Edited 1:55pm May 2, 2009 11:22am | Edited 1:55pm
the Art of Naked chart Reading--Don't try this at Home--

Without the volume--a Good reader of charts can tell you precisely what happened(at the two blue horizontal lines) between the Wide spread Bar and the squat narrow spread bar, unfortunately the squat bar closed down signifying supply entering the market and not all the volume that came with the Wide Spread Bar was BUYERS volume, Futher prove by the next bar closing down(bet the two bars WSB/WRB and the squat bar had relatively high volume)

then, A Test-a narrow range bar making a Lower low(classic test bar)closing near its high can't say if it was a HIGH VOLUME TEST or a Low one for no supply within the range of the Wide spread bar-(now that test passed with an immediate up bar close showing all the supply that came in within the Wide range bar are gone)-

Go LONG---you get your ass on that sucker--
Attached Image (click to enlarge)
Click to Enlarge Name: KOOL.jpg Size: 196 KB
  • #1,117
  • May 2, 2009 2:13pm May 2, 2009 2:13pm
Hmmmmm....I wasnt here for 4 days, and there is not much going on!
I feel like I need to change that.....my 2 new indicators(lol), this time they are pure VSA!

VSA Spread&WickHistogram.ex4
WHITE BARS; bar spread(high-low)
GREEN BARS; bar upper wick
RED BARS; bar lower wick

VSA Better&TickSeparatVolumeHistogram.ex4
COLORFULL big histogram; better volume
GRAY LINE; average volume
ORANGE HISTOGRAM;upper lines represents buying tick volume,
while lower lines represents selling tick volume.

This is a full visual represantation off volume & price action for VSA.

Enjoy!!!
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.jpg Size: 145 KB
Attached File(s)
File Type: ex4 VSAŠ Better&TickSeparatVolumeHistogram.ex4   7 KB | 1,098 downloads
File Type: ex4 VSAŠ Spread&WickHistogram.ex4   3 KB | 1,063 downloads
forexflash
  • #1,118
  • May 2, 2009 2:21pm May 2, 2009 2:21pm
its OFFICIAL--------i have a man-crush on flash---

Here's my cat----you can have him----the bastard won't listen to me


Thanks mate--
Attached Image
  • #1,119
  • May 2, 2009 2:21pm May 2, 2009 2:21pm
Quoting FOREXflash
Hmmmmm....I wasnt here for 4 days, and there is not much going on!
I feel like I need to change that.....my 2 new indicators(lol), this time they are pure VSA!

VSA Spread&WickHistogram.ex4
WHITE BARS; bar spread(high-low)
GREEN BARS; bar upper wick
RED BARS; bar lower wick

VSA Better&TickSeparatVolumeHistogram.ex4
COLORFULL big histogram; better volume
GRAY LINE; average volume
ORANGE HISTOGRAM;upper lines represents buying tick volume,
[i]while...
Wow.

Thanks for staying the course, and continued works, FF.

Best,

Ron
  • #1,120
  • May 2, 2009 2:46pm May 2, 2009 2:46pm
why wicks? you ask--well --this wicks---lol--don't sleep on it
Attached Image (click to enlarge)
Click to Enlarge Name: wick.gif Size: 32 KB
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