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  • #1,441
  • May 20, 2009 7:05pm May 20, 2009 7:05pm
Quoting BashBrothers
Link to Today's Webinar (recording)

http://www.tradeguider.com/gavin_web...trademay20.wmv

Excellent. Thanks for the link.
The trend always ends.
  • #1,442
  • May 20, 2009 7:47pm May 20, 2009 7:47pm
Dear Shamus Famous,
Will the BV.1.4 work on any MT4 platform? If so could you post it seperately in the first post? I guess the explanation will be posted next weekend on the first post then as well? Thankyou!!
  • #1,443
  • May 21, 2009 3:12am May 21, 2009 3:12am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
I've been learning/practicing VSA since December '08 and improving my skills. Trading seems to have gotten better too so I am a fan of VSA, BUT, I came across a way institutional traders place orders and that's through dark pools. UBS just launched a new dark pool trading platform in Hong Kong. From Wiki about dark pools,

"Dark pools of liquidity (also dark pools or dark liquidity) are crossing networks that provide liquidity that is not displayed on order books. This is useful for traders who wish to move large numbers of shares without revealing themselves to the open market.

Dark liquidity pools offer institutional investors many of the efficiencies associated with trading on the exchanges' public limit order books but without showing their hands to others. Dark liquidity pools avoid this risk because neither the price nor the identity of the trading company is displayed."

So it seems like these pools are more attractive for institutional guys where we can't see the volume, and that's precisely what we're trying to track here. I feel it may just be a matter of time before the effectiveness of volume dissipates . Comments anyone?

EDIT: Wiki link: http://en.wikipedia.org/wiki/Dark_pool, and you can see quite a few large players with dark pools.
"Wishful thinking dies hard." Igor T.
  • #1,444
  • May 21, 2009 3:15am May 21, 2009 3:15am
I recently came across this thread and now I'd like to find all out about VSA.
I read through Tom Williams "Master the Markets" and think that I have a very basic gist of it, but surely it will take a bit more effort to fully grasp the material.

Got myself the BetterVolume indicator and wondered what things like
"high churn" mean.
Searched this thread and googled it but to no avail.
Has anyone anywhere a list which explains those terms?

Also would anyone have by any chance a compact list explaining terms like "stopping volume", "effort to rise" etc. ?


I saw, what I think is, an intersting formation on the EU 4H this morning.


The question that I'm asking myself is: What does the lower volume and sideways price mean in this situation?

Is professional money just waiting to move higher and taking a breather after the thrust upwards or is the move exhausted and waiting to drop?

I mean there appears buying in the background and overall upward impetus, so I'd be inclined to think its gonna go higher.

But then again, price can always go in any direction and I could have missed something.

Would appreciate if someone who's confident of what they talk about could give us their take on it.

MP

Attached Image (click to enlarge)
Click to Enlarge Name: eu 01.gif Size: 57 KB
Be like a post stamp! Stick to it until you get there!
  • #1,445
  • May 21, 2009 3:21am May 21, 2009 3:21am
Quoting Mary Pippins
I recently came across this thread and now I'd like to find all out about VSA.
I read through Tom Williams "Master the Markets" and think that I have a very basic gist of it, but surely it will take a bit more effort to fully grasp the material.

Got myself the BetterVolume indicator and wondered what things like
"high churn" mean.
Searched this thread and googled it but to no avail.
Has anyone anywhere a list which explains those terms?

Also would anyone have by any chance a compact list explaining terms like "stopping volume", "effort...

First post (#1)
The Market pays you to be disciplined
  • #1,446
  • May 21, 2009 3:37am May 21, 2009 3:37am
Quoting mima
First post (#1)

Thanks for your comprehensive answer.

I've been there already, else I wouldn't have asked.
Be like a post stamp! Stick to it until you get there!
  • #1,447
  • May 21, 2009 3:44am May 21, 2009 3:44am
Quoting Mary Pippins
Thanks for your comprehensive answer.

I've been there already, else I wouldn't have asked.
The guide is listed in the resources section. I think that's what they were trying to say.
The trend always ends.
  • #1,448
  • May 21, 2009 4:32am May 21, 2009 4:32am
Quoting ShamusFamous
The guide is listed in the resources section. I think that's what they were trying to say.

Hi ShamusFamous,

Thanks for having set up this site to discuss VSA and educate traders about it, I think it's a good thread and I'd like to learn more about VSA.

Regarding the questions, yeah, I thought that he'd assumed that what I asked for can be found in the first post.

Essentially I asked 3 questions:

1) What does "high churn" mean? (and the other colour codings on the Better Volume indy)?

Couldn't find it, neither on post #1 nor elsewhere in the thread or google. Of course it could be that I missed it on post#1, in which case I'd like to apologise.
People in the thread talk about it but dont explain it, thats probably because they already know what it means.


2) Is there a comprehensive list explaining "stopping volume" etc.?

I know that I could get this info from Williams' book, but since I read in post #5 that you'd put such a list together I thought it might be flying about here.
Well, if not I'll go through the book and get it myself, no biggie.


3) And I asked an opinion on the screenshot

Well, I didn't get one, as of yet.




Whilst I understand that nobody likes freeloaders who barge in and want to be spoonfed I can assure you that I did try to find the info myself, else I wouldn't ask for it.

I wouldn't even want to take up the space here with the current post diverting the discussion away from VSA, but I'm not gonna be welcomed in to learn and when I ask a first question to be patronised in a way that shows that the person can't be bothered and just assumes that whatever they know must be common knowledge posted on post#1.
Be like a post stamp! Stick to it until you get there!
  • #1,449
  • Edited 4:49am May 21, 2009 4:37am | Edited 4:49am
Quoting Mary Pippins
Hi ShamusFamous,

Thanks for having set up this site to discuss VSA and educate traders about it, I think it's a good thread and I'd like to learn more about VSA.

Regarding the questions, yeah, I thought that he'd assumed that what I asked for can be found in the first post.

Essentially I asked 3 questions:

1) What does "high churn" mean? (and the other colour codings on the Better Volume indy)?

Couldn't find it, neither on post #1 nor elsewhere in the thread or google. Of course it could be that I missed it on post#1, in which...

I don't think he was patronizing you, I think he was just stating that the guide/answers you sought are in fact listed on the first post. I then clarified to tell you where within the first post it was ie the "Resources" section at the bottom.

If you look under "indicators" you will see a couple of links regarding BV and it's use.

PS In regards to a quick definition of Stopping Volume, There is a quick guide for MTM (Thanks ForexFlash)

To find that... Click the paperclip symbol up at the top of each page of this thread, then click hide images link at top left. Scroll through the list of attachments and look for the pdf entitled mtm basics or something similar, it contains a brief description and chart example for each of the vsa terms/setups.
The trend always ends.
  • #1,450
  • May 21, 2009 4:47am May 21, 2009 4:47am
Classic example on the EUR this morning GMT. Market makers trapping the novices into poor positions and grabbing those stop loss orders. Volume says it all.
Attached Image
  • #1,451
  • May 21, 2009 4:52am May 21, 2009 4:52am
Quoting Porkpie
Classic example on the EUR this morning GMT. Market makers trapping the novices into poor positions and grabbing those stop loss orders. Volume says it all.

Fairly sure that was UK news related. Very bad news for the UK this morning (250+ pip drop in 10 minutes bad)

In any case some people in the chat got some nice vsa short signals on gu and gj just prior to the move and rode it down.
The trend always ends.
  • #1,452
  • May 21, 2009 5:01am May 21, 2009 5:01am
Quoting Mary Pippins
Hi ShamusFamous,

Thanks for having set up this site to discuss VSA and educate traders about it, I think it's a good thread and I'd like to learn more about VSA.

Regarding the questions, yeah, I thought that he'd assumed that what I asked for can be found in the first post.

Essentially I asked 3 questions:

1) What does "high churn" mean? (and the other colour codings on the Better Volume indy)?
Hi Mary,

High churning is the equivalent but opposite to the bottoming out process. Its a saturation point of buyers which occurrs when prices have been rallying for some time with increases in volume. Its a bearish sign as buyers become absorbed by sellers resulting in no more price advances but increased volume.
  • #1,453
  • May 21, 2009 5:08am May 21, 2009 5:08am
Quoting ShamusFamous
I don't think he was patronizing you, I think he was just stating that the guide/answers you sought are in fact listed on the first post. I then clarified to tell you where within the first post it was ie the "Resources" section at the bottom.

If you look under "indicators" you will see a couple of links regarding BV and it's use.

PS In regards to a quick definition of Stopping Volume, There is a quick guide for MTM (Thanks ForexFlash)

To find that... Click the paperclip symbol up at the top of each page of this thread, then click hide...
Thanks for hanging in with me Shamus, gotta apologise for my rant to you and mima cos the guides really are in the indicator section on post #1.

Also found the definitions on stopping volume etc., the pdf called VSA Basics.

Thanks
Be like a post stamp! Stick to it until you get there!
  • #1,454
  • May 21, 2009 5:14am May 21, 2009 5:14am
Quoting Mary Pippins
Thanks for hanging in with me Shamus, gotta apologise for my rant to you and mima cos the guides really are in the indicator section on post #1.

Also found the definitions on stopping volume etc., the pdf called VSA Basics.

Thanks

No problem at all. It's a bit easier to refer people to the first post which I try to keep updated with most important/useful information.

I'm glad you're all sorted. Now join the chat so you can watch some of us trade and discuss VSA in realtime.
The trend always ends.
  • #1,455
  • May 21, 2009 5:16am May 21, 2009 5:16am
Quoting ShamusFamous
Fairly sure that was UK news related. Very bad news for the UK this morning (250+ pip drop in 10 minutes bad)

In any case some people in the chat got some nice vsa short signals on gu and gj just prior to the move and rode it down.
Was that GBP entry off the first 1 or 5 min large bullish candle with large volume down, pressumably targetting the top of the lower congestion area?
  • #1,456
  • May 21, 2009 5:25am May 21, 2009 5:25am
Quoting Mary Pippins
I recently came across this thread and now
Is professional money just waiting to move higher and taking a breather after the thrust upwards or is the move exhausted and waiting to drop?

I mean there appears buying in the background and overall upward impetus, so I'd be inclined to think its gonna go higher.

But then again, price can always go in any direction and I could have missed something.

Would appreciate if someone who's confident of what they talk about could give us their take on it.

MP

Attachment
Hi MP

Welcome to the VSA thread.

I have a slight issue with trying to read volume on a 4H chart in FX. I have mentioned this before on the thread. Most of EU trading is done in between 6am GMT to 4pm GMT as this is when the respective markets are open for this pair. So volume is distorted over in this TF.
Also on lower TF's there are natural lulls during the day like over lunch time, and often just before news releases.

These volume changes need to be factored in your analysis and it would make little sense in my opinion to compare volume between the 4h period from 12 - 4 pm GMT to volume from 4 - 8 pm GMT.
Yes VSA is supposed works on any timeframe but due to the nature of the markets I dont see how volume can be read on a 4h chart for the short term.

It would be easier to go down into a lower TF to see what is happening or look at the Daily for the bigger picture.
Boxing clever since 76.
  • #1,457
  • May 21, 2009 5:42am May 21, 2009 5:42am
Who would comment Fxchi post ?
I've been learning/practicing VSA since December '08 and improving my skills. Trading seems to have gotten better too so I am a fan of VSA, BUT, I came across a way institutional traders place orders and that's through dark pools. UBS just launched a new dark pool trading platform in Hong Kong. From Wiki about dark pools,

"Dark pools of liquidity (also dark pools or dark liquidity) are crossing networks that provide liquidity that is not displayed on order books. This is useful for traders who wish to move large numbers of shares without revealing themselves to the open market.

Dark liquidity pools offer institutional investors many of the efficiencies associated with trading on the exchanges' public limit order books but without showing their hands to others. Dark liquidity pools avoid this risk because neither the price nor the identity of the trading company is displayed."

So it seems like these pools are more attractive for institutional guys where we can't see the volume, and that's precisely what we're trying to track here. I feel it may just be a matter of time before the effectiveness of volume dissipates . Comments anyone?

EDIT: Wiki link: http://en.wikipedia.org/wiki/Dark_pool, and you can see quite a few large players with dark pools.
  • #1,458
  • May 21, 2009 7:05am May 21, 2009 7:05am
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
EU looks to be at a bit of distribution at daily resistance. I manually drew resistance @ 3859, and plotted fibs and 618 lines up a few pips to it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: may 21 daily.jpg Size: 107 KB
Click to Enlarge Name: may 30 min.jpg Size: 93 KB
"Wishful thinking dies hard." Igor T.
  • #1,459
  • May 21, 2009 7:51am May 21, 2009 7:51am
I just posted an update to the first post. I added a link for the MTM Quick Reference posted by ForexFlash.

It's essentially a "Reader's Digest Condensed Version" of the MTM book.

Thanks again FF and sorry I didn't get link up sooner.

Grath told me he is compiling a checklist type document as well so hopefully he can post that soon.

BTW Hope all is well Grath I haven't seen you in the chat although I've been sporadic as well since I haven't been feeling well.
The trend always ends.
  • #1,460
  • May 21, 2009 9:32am May 21, 2009 9:32am
Hi all,

Is this candel (Picture) a high vol. test of the resistance?
Attached Image (click to enlarge)
Click to Enlarge Name: eu152.jpg Size: 127 KB
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