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Trade Using VSA (Volume Spread Analysis)

  • #1,381
  • May 15, 2009 12:29am May 15, 2009 12:29am
Quoting hwsv07
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?
haha ok i realised what i've missed.

that was simply called a shake out...

lol.
  • #1,382
  • May 15, 2009 3:21am May 15, 2009 3:21am
Quoting hwsv07
haha ok i realised what i've missed.

that was simply called a shake out...

lol.
Hwsv07,

Please can you post a chart with illustration?
  • #1,383
  • May 15, 2009 3:26am May 15, 2009 3:26am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting hoichoi
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

Thank you for the links hoichoi...
  • #1,384
  • May 15, 2009 3:29am May 15, 2009 3:29am
Quoting cammomile
Hwsv07,

Please can you post a chart with illustration?
if we are bearish, we get a substantial volume on a down bar closing on the lows. however on the next bar, we can wide spread up bar that closes just above the open.

so if we were previously bearish (in the background), how could that be a shakeout (high volume). that's what i'm confused. or what that just a distracting signal?

i refer to 2 high volume bars u see in the chart.
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  • #1,385
  • May 15, 2009 7:36am May 15, 2009 7:36am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
EUR/JPY.

15-Min.

Price touched (to the pip!!) 61.8% Fib of major swing.

[ignoring that USD news is out at 13:30]


Magnus
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  • #1,386
  • May 15, 2009 10:17am May 15, 2009 10:17am
Hi folks!

here is a entry i spotted in EJ 15min (thanks magnus )
This looks like a clear "low vol. test" of 129.20.
Well, the price goes South
Why? Maybe its the bearish background.

Have a nice weekend!
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  • #1,387
  • May 15, 2009 11:05am May 15, 2009 11:05am
Quoting bbartha
Hi folks!

here is a entry i spotted in EJ 15min (thanks magnus )
This looks like a clear "low vol. test" of 129.20.
Well, the price goes South
Why? Maybe its the bearish background.

Have a nice weekend!
Wait one or two candles for confirmation
  • #1,388
  • May 15, 2009 2:03pm May 15, 2009 2:03pm
Just some observations


Hope this is of help

Trade On
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Continuous periods of Total Misunderstanding followed by Complete Confusion
  • #1,389
  • May 15, 2009 9:14pm May 15, 2009 9:14pm
Quoting bbartha
Hi folks!

here is a entry i spotted in EJ 15min (thanks magnus )
This looks like a clear "low vol. test" of 129.20.
Well, the price goes South
Why? Maybe its the bearish background.

Have a nice weekend!

bbartha,

One of the things I have learned to look for to confirm a valid test is a high churn bar. I rationalize it by thinking that if the spring (or upthrust) is a vaid turning point, at some point the big money has to change direction. This should be evident in a high churn bar. I am no expert, but I have been watching a lot of charts and analysing springs and upthrust. Although it's not 100%, waiting for the high churn after a spring or upthrust has worked very well for me.
  • #1,390
  • May 16, 2009 6:05am May 16, 2009 6:05am
Quoting bbartha
Hi folks!

here is a entry i spotted in EJ 15min (thanks magnus )
This looks like a clear "low vol. test" of 129.20.
Well, the price goes South
Why? Maybe its the bearish background.

Have a nice weekend!
Any testing of the market that does not immediately respond with higher prices is an indication of weakness. The test bar closed near its lows and the next bar carried on straight down. There was very little to no retracement. This is a failed test of the market.
You need to wait for a confimation of a test to see if the professionals are stepping in.

C
Boxing clever since 76.
  • #1,391
  • May 16, 2009 6:17am May 16, 2009 6:17am
Here was an easy A+ trade yesterday on GJ

-Volume and Price Divergence (Decreasing Vol on a down move is Bullish)
-Price and RSX Divergence
-Buying in the Background
-Major Support Line (Dotted Purple Line) on 4H TF
-Pin Bar

240 pip move up.

Supa
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Boxing clever since 76.
  • #1,392
  • May 16, 2009 9:16pm May 16, 2009 9:16pm
Here is a link to a pdf called "The Ultimate Trading Guide" which I think has excellent information on how to identify accumulation/distribution, reaccumulation/redistribution, price action, VSA trade setups. It's worth checking out.

http://rapidshare.com/files/60165287...ding_Guide.pdf
  • #1,393
  • May 16, 2009 9:45pm May 16, 2009 9:45pm
I've been looking for something to clarify accumulation/distribution.

Thanks again.


Quoting Scottstone
Here is a link to a pdf called "The Ultimate Trading Guide" which I think has excellent information on how to identify accumulation/distribution, reaccumulation/redistribution, price action, VSA trade setups. It's worth checking out.

http://rapidshare.com/files/60165287...ding_Guide.pdf
  • #1,394
  • May 17, 2009 2:25am May 17, 2009 2:25am
I posted this in the No Brainer Thread but thought it has significance here too.

The yellow dotted line is significant support on the 4h EU chart.
It is also the 38.2% and 61.8% retracements from the Higher Lows marked on the chart (Almost to the pip)

The blue area was a previous area of very high volume. This will add to the support of that line. There could be a significant amount of traders who sold in the area and are trapped in a bad trade. They will buy back as soon as price returns so they can exit their trade for little or no loss.
This will drive price back up.

To break through this support line the market makers/professionals will need to mark down prices rapidly on high volume. Watch price on a lower timeframe to see how it approaches this line.
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Boxing clever since 76.
  • #1,395
  • May 17, 2009 2:30am May 17, 2009 2:30am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
EUR/JPY.

15-Min.

Price touched (to the pip!!) 61.8% Fib of major swing.

[ignoring that USD news is out at 13:30]


Magnus


Followed through for 100+ pips before falling off as US session progressed.


Magnus
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  • #1,396
  • Edited 2:50am May 17, 2009 2:35am | Edited 2:50am
Quoting Scottstone
Here is a link to a pdf called "The Ultimate Trading Guide" which I think has excellent information on how to identify accumulation/distribution, reaccumulation/redistribution, price action, VSA trade setups. It's worth checking out.

http://rapidshare.com/files/60165287...ding_Guide.pdf

This takes us to Rapidshare website....anyone has saved copy of the same document?
-happyTrading-myFx.
  • #1,397
  • May 17, 2009 2:41am May 17, 2009 2:41am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting copi88
I posted this in the No Brainer Thread but thought it has significance here too.

The yellow dotted line is significant support on the 4h EU chart.
It is also the 38.2% and 61.8% retracements from the Higher Lows marked on the chart (Almost to the pip)

The blue area was a previous area of very high volume. This will add to the support of that line. There could be a significant amount of traders who sold in the area and are trapped in a bad trade. They will buy back as soon as price returns so they can exit their trade for little or no loss.
This...

Excellent post copi88...

Also, 1.3400 psych. number there as well (which is always a bonus!).


Magnus
  • #1,398
  • May 17, 2009 2:44am May 17, 2009 2:44am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting myfx
This takes us to Rapidshare website....do u have saved copy of same?

I think that is his copy... which he uploaded to rapidshare... for us to download from rapidshare...


Magnus
  • #1,399
  • May 17, 2009 2:51am May 17, 2009 2:51am
Quoting Yuppie
I think that is his copy... which he uploaded to rapidshare... for us to download from rapidshare...


Magnus

Thanks man............
-happyTrading-myFx.
  • #1,400
  • May 17, 2009 5:58am May 17, 2009 5:58am
Lots of good examples of the Better Volume indicator are here http://emini-watch.com/category/volume-indicator/

Not sure if this has already been pointed out on here

WG
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