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Trade Using VSA (Volume Spread Analysis)

  • #1,561
  • May 28, 2009 2:30am May 28, 2009 2:30am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
Sellers at previous resistance area and round number.
Quoting Yuppie
EUR/USD.

15-min.

Chop-monster.
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  • #1,562
  • May 28, 2009 2:41am May 28, 2009 2:41am
Yeah, they do vary. Something has definitely changed with Alpari.

Though it seems that he charts are composed somewhat differently i.e. on Alpari's platform the weekend days are not shown, it skips straight from Friday to Monday.

Correct me if I'm wrong but I think on the ODL and FXPro charts those days are shown as very low volume days.
In any event the general picture of the volume movement appears more or less in line across the brokers.

Here is a 5M GU chart form comparison.
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Be like a post stamp! Stick to it until you get there!
  • #1,563
  • May 28, 2009 3:15am May 28, 2009 3:15am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
ODL feed.

I think the differences will average-out over time.
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  • #1,564
  • May 28, 2009 6:27am May 28, 2009 6:27am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
EUR/USD.

15-min.

Update...
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  • #1,565
  • May 28, 2009 8:05am May 28, 2009 8:05am
Quoting Mary Pippins
Hi guys,

In fact more tick volume than on any other day EVER according to my chart (I'm with Alpari). Having said that, tick volume has unusually increased since the beginning of the year.
When was it that Alpari went over to the 5-digit quotes? That could cause the drastic raise of tick-volume.
  • #1,566
  • May 28, 2009 8:39am May 28, 2009 8:39am
Quoting FOREXflash
There you go.........

This is a COMPLETE recode of signals based on this PDF!!!
You will like it for sure.

Regards

Hi all

Is the code presented bij ex4 files also available in plain text? I use another platform, cant use the ex4 files

help is appreciated

Cheers, Dutchy
  • #1,567
  • May 28, 2009 9:06am May 28, 2009 9:06am
Quoting trespasser
When was it that Alpari went over to the 5-digit quotes? That could cause the drastic raise of tick-volume.

Good point, could well be. I just called them up but the guys I had on the phone couldn't really explain the increase confidently.

Though one of them said that they now have more liquidity providers than before and that they get loads of price feeds, a lot more than what they can process. In fact most of them apparently never make it onto the mt4 station because there are too many in too short a time.

Dunno if that's a good or bad thing in terms of VSA?
Be like a post stamp! Stick to it until you get there!
  • #1,568
  • May 28, 2009 9:33am May 28, 2009 9:33am
Just a quick observation.
I tried a lot of the indies posted in this thread. And from experience, I have to agree with the founders and say all you really need is volume (like better vol 1.4), your price chart and a trend projection. Now I trade on a live account, and sure I throw in an RSI for confirmation (and confirmation only), but really any additional indies are just a distraction. And the psychological torture they play on you is amazing. All you do is check to see if they're all in sync. You lose confidence faster than banks lost their money this past year.
After nearly losing a trade, i said screw it, went back to the basics, and really got into pure volume/price action charting. And it's amazing how much more accurate those two are (when properly studied and analyzed) than all the other indies found on this thread.
There ya go, use your brain and VSA experience as a trigger and possibly one (or two at most) indies for confirmation. You don't really need them, but they help you pass time when you're bored lol. And no indie/ea/automated system can ever replace your brain. All they see is rules and related numbers. They have no clue what those numbers mean in context of the background - which is why they ultimatelly fail miserably.

Marco
-//-
  • #1,569
  • May 28, 2009 11:18am May 28, 2009 11:18am
Quoting hybrid
Just a quick observation.
I tried a lot of the indies posted in this thread. And from experience, I have to agree with the founders and say all you really need is volume (like better vol 1.4), your price chart and a trend projection. Now I trade on a live account, and sure I throw in an RSI for confirmation (and confirmation only), but really any additional indies are just a distraction. And the psychological torture they play on you is amazing. All you do is check to see if they're all in sync. You lose confidence faster than banks lost their money...
I agree. Which indi do you use for trend projection and is it posted in this thread? Thanks
  • #1,570
  • May 28, 2009 11:42am May 28, 2009 11:42am
Probably trendlines, S/R, fibs.. stuff that projects
  • #1,571
  • May 28, 2009 1:18pm May 28, 2009 1:18pm
Quoting smittens4212
Probably trendlines, S/R, fibs.. stuff that projects
Heh you got it. I start by finding pivots, and then adding strong areas of support and resistance. Out of those I create a median. Combined with volume, you get pretty reliable trading triggers. News may send tremors, but only briefly. We all know smart money play the news...and they play these opprtune moments to, yeah shave the herd, but also ensure that their projections remain intact.

Marco
-//-
  • #1,572
  • May 28, 2009 1:20pm May 28, 2009 1:20pm
Quoting hybrid
Just a quick observation.
I tried a lot of the indies posted in this thread. And from experience, I have to agree with the founders and say all you really need is volume (like better vol 1.4), your price chart and a trend projection. Now I trade on a live account, and sure I throw in an RSI for confirmation (and confirmation only), but really any additional indies are just a distraction. And the psychological torture they play on you is amazing. All you do is check to see if they're all in sync. You lose confidence faster than banks lost their money...
Well said.

As I am sure you expected I totally agree with you. VSA on it's own (The concept) is fairly simple and given some time and practice you really start to "see" what is going to happen rather than what has happened.

Some of the charts I see posted boggle my mind and it is made more complex than it needs to be.


Thanks for the great post.
The trend always ends.
  • #1,573
  • May 28, 2009 4:59pm May 28, 2009 4:59pm
Quoting Dutchy
Hi all

Is the code presented bij ex4 files also available in plain text? I use another platform, cant use the ex4 files

help is appreciated

Cheers, Dutchy

Please ?

Cheers, Dutchy
  • #1,574
  • May 28, 2009 5:12pm May 28, 2009 5:12pm
Quoting ShamusFamous
Well said.

As I am sure you expected I totally agree with you. VSA on it's own (The concept) is fairly simple and given some time and practice you really start to "see" what is going to happen rather than what has happened.

Some of the charts I see posted boggle my mind and it is made more complex than it needs to be.


Thanks for the great post.
Thanks Shamus! And I know what you mean...some of the setups out there resemble attempt at Cubism more than trading.

Marco
-//-
  • #1,575
  • May 29, 2009 1:06am May 29, 2009 1:06am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
EUR/USD.

15-min.

What is interesting in this case is that the close is above 1.4000.
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  • #1,576
  • May 29, 2009 2:19am May 29, 2009 2:19am
EURUSD - I'm reading this hovering at 1.4000 as distribution, even if it is short term before the MM reaccumulate and head north through 1.4000 next week - anyone else agree?

As soon as it hit through 1.4000 there was a flurry of buying but plenty of selling to meet that demand, is this not the MM selling into the demand?

I've been away for the last month or so but I'm back now and enjoying VSA immensly, hope to contribute more over the next few months
Blogging daily now at www.volume.zone
  • #1,577
  • May 29, 2009 4:39am May 29, 2009 4:39am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
EUR/USD.

15-min.

What is interesting in this case is that the close is above 1.4000.

I'm wondering how significant the close above 1.4000 was on this bar. It caused some skepticism on my part.

It's something I have observed a couple of times.

Some sellers coming in - but not enough to hold price down below 1.4000 on the close of the bar in question.


Magnus
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  • #1,578
  • May 29, 2009 5:27am May 29, 2009 5:27am
Quoting Steve Gill
EURUSD - I'm reading this hovering at 1.4000 as distribution, even if it is short term before the MM reaccumulate and head north through 1.4000 next week - anyone else agree?

As soon as it hit through 1.4000 there was a flurry of buying but plenty of selling to meet that demand, is this not the MM selling into the demand?

I've been away for the last month or so but I'm back now and enjoying VSA immensly, hope to contribute more over the next few months
I'm guessing it was accumulation not distribution LOL

Can anyone offer any tips as to why I misread this? I am thinking the volume was too high for distribution perhaps?
Blogging daily now at www.volume.zone
  • #1,579
  • May 29, 2009 5:51am May 29, 2009 5:51am
What a nice setup
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  • #1,580
  • May 29, 2009 5:55am May 29, 2009 5:55am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Steve Gill
I'm guessing it was accumulation not distribution LOL

Can anyone offer any tips as to why I misread this? I am thinking the volume was too high for distribution perhaps?

Taking in the bigger picture.

The break of the decending TL was probably the key factor for me here.

I was in a long from yesterday on this pair and this a strong reason to continue to stay in today.

This background information was part of the reason for my skepticism of the VSA analysis of my earlier charts.


Magnus
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