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Trade Using VSA (Volume Spread Analysis)

  • #1,361
  • May 14, 2009 11:48am May 14, 2009 11:48am
OMG......Thatwasme, you were right...LOL
Goodbye
forexflash
  • #1,362
  • May 14, 2009 12:12pm May 14, 2009 12:12pm
Quoting hirek
this is open position on Oanda. So it s showing us where the retail traders did long or sell. in this picture we see that they massively sold the yen in the last range we have (GJ and EJ as well). by now the pros are marking up the price so all the retail sellers will be loosers, waiting for them to close their short before going down swiftly (that s my view, i don t really know if i m wrong or not)

this is the last position on EJ and GJ.

Attachment Attachment

the retail traders (massive seller in the range) are now in...
Thanks for the answer.I still have problem with reading the oanda chart.

When you say Pro's are selling and retail traders are in a difficult position ,How do you see it in this specific chart.I understand why this is happening
from VSA point of view but I can't read it from your chart.

I don't know what is the blue or green lines or other stuff in the chart.

Thanks
mike
Failure, is a wonderful teacher!
  • #1,363
  • May 14, 2009 12:57pm May 14, 2009 12:57pm
Quoting fxgrnwise
Hirek,
I'm kind of joking when I said indicator, to see who is buying and selling is a very good thing. I was away from trading yesterday,could I ask you how you came to the conclusion that the pros were accumulating? Still learning VSA

Thankyou
i m a still learning too but that s the way i ve read it. green arrow are showing stopping volume, that is buying on the dip of the range, while on the high there is little interest of selling except when a rally is starting. Red arrow show the low activity on top. there plenty of other thing, you have to see each activity bar.
If a VSA master want to corrext me about the interpretation, i would be great full since i m only trying to use what i learned from the book.

and for the oanda market position that u can find there http://fxtrade.oanda.com/tools/stati..._summary.shtml

yellow is showing trader in good position (making money) and blue traders in poor position (loosing...). u know the amount of traders by the % on the vertical scale and the horizontal is at which price they bought or sold.
So if the price of GJ or EJ is going up, the chart will shift to the left... well i don t know if i m clear... my english is very poor so if someone want to explain
  • #1,364
  • May 14, 2009 1:08pm May 14, 2009 1:08pm
Quoting Yuppie
A couple of thoughts...

I find the Better Volume indicator the clearest, and from what I can gather, is the one used by most others - which makes things easier.

Not to blow my own trumpet or anything, but the post I made here shows a good example of the type of things I look out for when using VSA.

I pretty much watch volume on 15-min exclusively.

I pretty much watch volume on EUR/JPY exclusively.

I have found that there are a lot of things to know with VSA...

I just downloaded the better volume and will give it a spin around the block today.
I'd LOVE to do this all day, but bummer I have to work! Helps to be self employed !

Jim
  • #1,365
  • May 14, 2009 1:19pm May 14, 2009 1:19pm
This is awesome information and thread.
How come there are no votes for it?

I just finished reading all the info - so exciting!
Lietuve
  • #1,366
  • May 14, 2009 1:26pm May 14, 2009 1:26pm
Hi all,

im still learing this vsa stuff, i like it. This was my vsa trade for today. I cant see any mistake. Hope someone can explain me what i do wrong! Thanks in advance!

PS: Sorry for my bad english
Attached Image (click to enlarge)
Click to Enlarge Name: au15.JPG Size: 173 KB
  • #1,367
  • May 14, 2009 1:58pm May 14, 2009 1:58pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting bbartha
Hi all,

im still learing this vsa stuff, i like it. This was my vsa trade for today. I cant see any mistake. Hope someone can explain me what i do wrong! Thanks in advance!

PS: Sorry for my bad english

bbartha, I'm going to ignore volume completely here in my analysis - you'll see why.

I appreciate that this is after the fact, but nevertheless, relevant.

Some thoughts are on the attached charts.

However, there is really only one thing to take from the charts below... and that is... the 0.7460 area... major S/R level!

Absolutely no way would I even consider a short here.


Using price only there are however a huge number of reasons to go long...


Magnus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009-05-14_audusd_1.gif Size: 26 KB
Click to Enlarge Name: 2009-05-14_audusd_2.gif Size: 22 KB
Click to Enlarge Name: 2009-05-14_audusd_3.gif Size: 22 KB
Click to Enlarge Name: 2009-05-14_audusd_4.gif Size: 26 KB
  • #1,368
  • May 14, 2009 2:06pm May 14, 2009 2:06pm
Hi, I'm really new to VSA too, so I'll just give you my best guess at what went wrong. I probably would have bought at the low volume down bar right before the up move, because it shows that there wasn't really much supply/interest in selling. Plus, it had really strong volume bouncing off the bottom of your channel, which is where you would typically trade countertrend until it hit the resistance at the top.

Experts in the thread, is my understanding correct? Please correct me on anything wrong. Thanks!

Hope this helps a little.

Quoting bbartha
Hi all,

im still learing this vsa stuff, i like it. This was my vsa trade for today. I cant see any mistake. Hope someone can explain me what i do wrong! Thanks in advance!

PS: Sorry for my bad english
  • #1,369
  • May 14, 2009 2:33pm May 14, 2009 2:33pm
Here is my eu H1 chart:
pink bar at the double bottom to stop the fall, next red = power boost all up, next green to hold above 50% fibs on daily and here we go...
I love this way of trading!

Cheers,
Lietuve
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 26 KB
  • #1,370
  • May 14, 2009 2:35pm May 14, 2009 2:35pm
Thank you Magnus and Cbh.

Im very interested in your comments.
i was absolutly concentrated in the 7500/7505 area, which is also a strong S/R level for me.
  • #1,371
  • May 14, 2009 2:36pm May 14, 2009 2:36pm
Quoting Yuppie
bbartha, I'm going to ignore volume completely here in my analysis - you'll see why.

I appreciate that this is after the fact, but nevertheless, relevant.

Some thoughts are on the attached charts.

However, there is really only one thing to take from the charts below... and that is... the 0.7460 area... major S/R level!

Absolutely no way would I even consider a short here.


Using price only there are however a huge number of reasons to go long...


Magnus
Exactly. Looking at Bbartha's chart the hesitation at a support level on M15 chart must never be ignored.
  • #1,372
  • May 14, 2009 3:18pm May 14, 2009 3:18pm
I didnt take this trade, but i think its a nice example.

Comments are welcome!
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 142 KB
  • #1,373
  • May 14, 2009 4:06pm May 14, 2009 4:06pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting bbartha
I didnt take this trade, but i think its a nice example.

Comments are welcome!

In this example and your AUD/USD example the bullish-engulfing candle on high-volume occurred at 13:00GMT.

There was USD news out at this time - hence the higher volume.

Something to keep in mind.

I've not been doing this long enough to know whether to discount volume during news events - but I'm open to thoughts on this from others.


Magnus
  • #1,374
  • May 14, 2009 5:09pm May 14, 2009 5:09pm
<<There was USD news out at this time - hence the higher volume.

Something to keep in mind.

I've not been doing this long enough to know whether to discount volume during news events - but I'm open to thoughts on this from others.


Magnus>>

Magnus, the book explains why a big volume during the news, what does it mean, just read the book. What's there to discuss?
  • #1,375
  • May 14, 2009 5:15pm May 14, 2009 5:15pm
Quoting Yuppie

I've not been doing this long enough to know whether to discount volume during news events - but I'm open to thoughts on this from others.
News are used frequently for marking up the market. They should probably be ignored as such. What we must never ignore is how the smart money are using good or bad news to mark the price.

I am not an expert. This is from MTM book, which im re-reading now. AU trend reversed nicely following the news.
  • #1,376
  • May 14, 2009 7:10pm May 14, 2009 7:10pm
Quoting hirek
i m a still learning too but that s the way i ve read it. green arrow are showing stopping volume, that is buying on the dip of the range, while on the high there is little interest of selling except when a rally is starting. Red arrow show the low activity on top. there plenty of other thing, you have to see each activity bar.
If a VSA master want to corrext me about the interpretation, i would be great full since i m only trying to use what i learned from the book.

and for the oanda market position that u can find there http://fxtrade.oanda.com/tools/stati..._summary.shtml

yellow...
Thanks.I got it and your analysis came out right.....Lots of green pips
Failure, is a wonderful teacher!
  • #1,377
  • May 14, 2009 9:08pm May 14, 2009 9:08pm
It would be nice if some of the experienced VSA traders would step in and add their analysis and two cents to the newer VSA traders here.
  • #1,378
  • May 14, 2009 9:16pm May 14, 2009 9:16pm
It seems in your chart you are using market profile indicator. Would you mind sharing here.
Quoting hwsv07
can some experts guide me here?

was this a test on low volume? no supply?

but i looked at lower TF. i see no demand. i am confused.
  • #1,379
  • May 14, 2009 10:47pm May 14, 2009 10:47pm
Inserted Code
http://www.mrswing.com/artman/publish/swing_trading_Volume_Spread_Analysis_with_Candlesticks_part_3.shtml



Inserted Code
http://www.tradersworld.com/hawkes.pdf
  • #1,380
  • May 15, 2009 12:16am May 15, 2009 12:16am
can i ask if there is such a thing like high volume test of no supply?

or must a ideal test be done with low volume?

what if it is a test with high volume closing at the middle or highs?
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