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Trade Using VSA (Volume Spread Analysis)

  • #1,841
  • Jun 17, 2009 7:41am Jun 17, 2009 7:41am
Well, yes, probably I still don't get it.

I'm not saying it's not working though.

Anyway, what brokers do you use to get volumes? Can I open demo account with MT4 Alpari (standard option) and use their volumes?

P.S.

Any way to get volumes in Oanda? It's my broker.
  • #1,842
  • Jun 17, 2009 8:02am Jun 17, 2009 8:02am
Quoting T.E.Lawrence
Well, yes, probably I still don't get it.

I'm not saying it's not working though.

Anyway, what brokers do you use to get volumes? Can I open demo account with MT4 Alpari (standard option) and use their volumes?

P.S.

Any way to get volumes in Oanda? It's my broker.
Just open an IBFX live account. You dont actually have to use it.
Boxing clever since 76.
  • #1,843
  • Jun 17, 2009 11:55am Jun 17, 2009 11:55am
Quoting T.E.Lawrence
Well, yes, probably I still don't get it.

I'm not saying it's not working though.

Anyway, what brokers do you use to get volumes? Can I open demo account with MT4 Alpari (standard option) and use their volumes?

P.S.

Any way to get volumes in Oanda? It's my broker.

vsa works . i was giving up on it last week , but went back and re-read master the markets. Then went back and looked at charts and realized perfect vsa set ups were right under my nose last week . Missed over 700 pips in simple set ups on 15 min charts as my mind was bearish .

This week much better .. yesterday was insane day with set ups lang and short. In asia i was in irc chat and picked GJ long set up into top 140 pip trade , did not take it though as had been trading all day on gu , gj and es with vsa set ups , 15 trades all profitable.

here is a simple set up from today ... to simple

the trick is to wait for the right set up

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #1,844
  • Jun 17, 2009 12:20pm Jun 17, 2009 12:20pm
Quoting Dr.Geppynius
see the principles. massive 5m thrust behind us. downtrend in play so signs of weakness are the things to take. two very easy entry bars marked. 1st: markup followed by tiny spread bar with vol+ 2nd: typical nd in the right place, no way to break resitance.

before you get horny, its a mt4 demo acc which i only use for playing...i chart on leveragefx. ...i would also advise you to never stop demoing until you quit trading at all! demo demo demo...
everyone ... this is the guy that we have to thank for VSA. He introduced and mentored me. Those that think I am an ok trader you should see DR G in action . he is insanely good!!!
. he gave me eurgbp trade last week and said 400 pip trade ... well since then 430 pip in bag !

he gave me wheat short ... guess what ....yup down it went
he gave me ES and dax shorts .. guess what down they went

ok ok i admit i have a man crush on him lol ..... he is one awesome trade and i admire him
Blogging daily now at www.volume.zone
  • #1,845
  • Jun 17, 2009 12:53pm Jun 17, 2009 12:53pm
You were given up after all those posts where You showed so much profit ?

I cant understand how it was possible

B,
Tom

Quoting malcolmb14
vsa works . i was giving up on it last week , but went back and re-read master the markets. Then went back and looked at charts and realized perfect vsa set ups were right under my nose last week . Missed over 700 pips in simple set ups on 15 min charts as my mind was bearish .

This week much better .. yesterday was insane day with set ups lang and short. In asia i was in irc chat and picked GJ long set up into top 140 pip trade , did not take it though as had been trading all day on gu , gj and es with vsa set ups , 15 trades all profitable....
  • #1,846
  • Jun 17, 2009 12:59pm Jun 17, 2009 12:59pm
Quoting tfflyer
You were given up after all those posts where You showed so much profit ?

I cant understand how it was possible

B,
Tom

i was getting frsutrated ... vsa brain is back in gear 90 pips on last gj long posted a few posts back
Blogging daily now at www.volume.zone
  • #1,847
  • Jun 17, 2009 2:07pm Jun 17, 2009 2:07pm
malcolm you wrote on your earlier posts that you rarely use your tradeguider software, would you be interested in selling?
  • #1,848
  • Jun 17, 2009 2:34pm Jun 17, 2009 2:34pm
Quoting T.E.Lawrence
Attachment

I spent few last days reading about vsa, and yes, according to what I've read you should expect price to go up after that second marked candle.

I noticed, while reading posted charts, that most of you trade vsa very selectively - maybe it's me, but it looks like presented method is very incoherent. One time you use vsa / spread signal, other times you completely discard "obvious" signs given by vsa / spread trading rules.

It's like many of you use vsa trading strategy very freely and it's very hard to follow your...
T.E., it is great that you are learning about VSA. I encourage you to continue; it's changed the way I think about trading.

What you need to understand is VSA isn't just about a single bar or signal. I could see how you would think this bar would signal a rise, and that's a mistake I could make sometimes myself. But, there are signs of weakness leading up to the bar, and as malcolmb14 would say, you need to understand the background.

There are two attempts to break the resistance on high volume right before the signal. This shows that the smart money was selling.

Also, any time you have wide spread high volume bars that are followed by bars the opposite direction, it means that there was effort to push the price up, but no follow-through.

VSA takes time and patience to understand; please don't disrespect those that have been sharing their knowledge by saying it seems like they cherry-pick only good trades to show. Really, the best traders wait for solid, obvious VSA set-ups to trade, instead of trading on every single bar.

If you stick with it and keep re-reading Master the Markets, it keeps making more and more sense.
  • #1,849
  • Jun 17, 2009 3:24pm Jun 17, 2009 3:24pm
I have rec eived some pms form one of the members.

He said something that was said in chat that tradeguider is algging before it gives signals.

This is how it is suppsoed to be !!!

remember vsa is all about the BACKGROUND . not just about the current bar. see the perfect trade set up below that gave me 50 pips into close.

not the way that the confirmation of entry did not come until 7 bars after the first signal

VSA is all about result to action ... that is all . result versus effort . Remember that and it will prevent you from entering trade to early.

i did enter this trade to early .... did not wait .. 25 pip loss , but then 50 pip profit , so overall up on trade

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Blogging daily now at www.volume.zone
  • #1,850
  • Jun 17, 2009 7:04pm Jun 17, 2009 7:04pm
easiest 40 pip I made ..

hit sell on high vol up bar before tokyo open .. looked odd and out of place


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Blogging daily now at www.volume.zone
  • #1,851
  • Jun 17, 2009 10:51pm Jun 17, 2009 10:51pm
do you guys see a long on usd/jpy? Looking at 15 min charts and scalped 20 pips from 95.65 to 95.85 earlier in the tokyo open session, now its heading back down, there were some low vol tests on 95.60 and 95.50 earlier in the day. But not clear about the background since on the hourly charts it seems that there could be further weaknesss.. some analysis would be appreciated to see how i'm viewing this situation

Ron
  • #1,852
  • Jun 17, 2009 11:05pm Jun 17, 2009 11:05pm
Quoting megamo
do you guys see a long on usd/jpy? Looking at 15 min charts and scalped 20 pips from 95.65 to 95.85 earlier in the tokyo open session, now its heading back down, there were some low vol tests on 95.60 and 95.50 earlier in the day. But not clear about the background since on the hourly charts it seems that there could be further weaknesss.. some analysis would be appreciated to see how i'm viewing this situation

Ron

I would not be going long just yet looking at 1 hour. If those 2 high vol bars about 14 hours ago were buyers why has price not moved up ?

vsa is effort versus result
Blogging daily now at www.volume.zone
  • #1,853
  • Edited 1:08am Jun 18, 2009 12:35am | Edited 1:08am
Ok, after more reading and seeing some videos, I've decided there's more right with VSA than wrong and I'm going to try it. Questions:

1. Do you know how can I get HLC bars instead of OHLC in MT4?

2. To get volumes I'm opening demo account on IBFX - good?

3. Any good Daily Pivot Points indicator for mt4?

4. Can I use standard volume indicator from mt4 or do I have use some specific?

P.S.

Sorry for my sceptical previous posts, but we've all seen so much bullshit before that, you know, I'm just careful...
  • #1,854
  • Jun 18, 2009 1:48am Jun 18, 2009 1:48am
Quoting T.E.Lawrence
Ok, after more reading and seeing some videos, I've decided there's more right with VSA than wrong and I'm going to try it. Questions:

1. Do you know how can I get HLC bars instead of OHLC in MT4?

2. To get volumes I'm opening demo account on IBFX - good?

3. Any good Daily Pivot Points indicator for mt4?

4. Can I use standard volume indicator from mt4 or do I have use some specific?

P.S.

Sorry for my sceptical previous posts, but we've all seen so much bullshit before that, you know, I'm just careful...
Hey T.E I'm not sure if you can get HLC bars for MT4 there might be an indicator for it but I'm yet to see one...

Ive attached a good pivot points indi That I use.

Also I think most of the guys here use this "better volume" indi - personally I just use the standard MT4 volume indi as I find it easier but thats just me.

Also I use IBFX demo for my charts aswell. I've got nothing else to compare it to but its working for me. I think Malcom sugested opening a live account with IBFX to get their charts. i'm not sure if there would be much difference.

Anyway hope this helps
Attached File(s)
File Type: ex4 Pivot_Monday_Fixed[1].ex4   6 KB | 642 downloads
File Type: ex4 BetterVolume 1[1][1].4.ex4   6 KB | 687 downloads
Time hides Nothing
  • #1,855
  • Jun 18, 2009 2:00am Jun 18, 2009 2:00am
Hi there,
i see this topic about VSA is really interesting .

i have suggestion.
what about creating some online chat. where people that trading vsa intra day can be in this room and talkinb about current analysis and trades.
i think it would be really good for newbies to learn from each others.

i can make this room easy on webserver but i want know if there will be some interest.

ps. iam beginner in vsa.
  • #1,856
  • Jun 18, 2009 2:17am Jun 18, 2009 2:17am
Quoting adriann
Hi there,
i see this topic about VSA is really interesting .

i have suggestion.
what about creating some online chat. where people that trading vsa intra day can be in this room and talkinb about current analysis and trades.
i think it would be really good for newbies to learn from each others.

i can make this room easy on webserver but i want know if there will be some interest.

ps. iam beginner in vsa.
We're one step ahead of you Adrian http://widget.mibbit.com/?server=irc...%20Live%20Chat
Time hides Nothing
  • #1,857
  • Jun 18, 2009 2:25am Jun 18, 2009 2:25am
Quoting CindyXXXX
Hey T.E I'm not sure if you can get HLC bars for MT4 there might be an indicator for it but I'm yet to see one...

Ive attached a good pivot points indi That I use.

Also I think most of the guys here use this "better volume" indi - personally I just use the standard MT4 volume indi as I find it easier but thats just me.

Also I use IBFX demo for my charts aswell. I've got nothing else to compare it to but its working for me. I think Malcom sugested opening a live account with IBFX to get their charts. i'm not sure if there would be much...
thanks a lot!
  • #1,858
  • Jun 18, 2009 2:38am Jun 18, 2009 2:38am
There's just been a great set up in cable - GBPUSD.

4 candles ago there was a high volume hammer at the 6450 level. Whilst the wick was only 9 pips long, it was sufficient to alert me to supply as we approached yesterdays high of 6480, so the wide range beasrish engulfing candle that followed 3 candles later was no surprise and I had already sold the first 1m red candle at 6461.....price is 6415 as I type.....http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #1,859
  • Jun 18, 2009 3:08am Jun 18, 2009 3:08am
Quoting CindyXXXX
We're one step ahead of you Adrian http://widget.mibbit.com/?server=irc...%20Live%20Chat
lol many thanks !
  • #1,860
  • Jun 18, 2009 3:09am Jun 18, 2009 3:09am
Quoting Islander
There's just been a great set up in cable - GBPUSD.

4 candles ago there was a high volume hammer at the 6450 level. Whilst the wick was only 9 pips long, it was sufficient to alert me to supply as we approached yesterdays high of 6480, so the wide range beasrish engulfing candle that followed 3 candles later was no surprise and I had already sold the first 1m red candle at 6461.....price is 6415 as I type.....http://www.forexfactory.com/images/icons/icon6.gif

Do you mind pointing them out on a chart when u get a chance? TY
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