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  • #1,941
  • Jun 20, 2009 9:20am Jun 20, 2009 9:20am
Quoting Vanhook2
I found B.V. 1.1 & did the compairsion I wanted.
B.V 1.4 is better.

Thanks anyways.

confused ..1.1 and 1.4 look same to me in actual fact 1.4 seems wrong on high volume wide spread down bars , paints these was white not red.

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  • #1,942
  • Jun 20, 2009 10:11am Jun 20, 2009 10:11am
Quoting malcolmb14
I use midnight my time (pst). or start of London session
Hello Malcolmb14. Thanks a lot for your answer

Very much appreciated

Shreem
  • #1,943
  • Jun 20, 2009 10:11am Jun 20, 2009 10:11am
Quoting malcolmb14
today and gj ..

red line is upper value area of yesterday. 158.5 ... this always form support and is hard to break form upside unless pair is very bullish

price in range 158.5 to 159 . Very nice trading range

going to try next week without rsx ....could be grumpy like a smoker giving upo smoking !!

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Actually, Mal--Put your Ma of rsx back on--You look prettier that way
  • #1,944
  • Jun 20, 2009 10:15am Jun 20, 2009 10:15am
Quoting taomql4
Actually, Mal--Put your Ma of rsx back on--You look prettier that way

also without price screen without rsx window is huge. I was thinking wow looks at that 200 pip candle , in fact it was only 10 pips ...lol
Blogging daily now at www.volume.zone
  • #1,945
  • Edited 10:30am Jun 20, 2009 10:26am | Edited 10:30am
Quoting mima
Here are charts from FxPro and IBFX...Which one is correct? Then what is use of BV if there is false information? Can someone confirm which one is correct with esignal as reference?
Hello Mima, For me to resolve this issue with different volume issues looking not the same in different brokers in MT4, I have resolved the issue like this:

I have decided to use sierra charts as i like their interface and they have market profile and volume profile incorporated with them. As for volume for the major pairs, I am using data feed from CME future exchange directly.

So, for EUR-USD, GBP-USD, USDCHF, USD-JPY AND AUD-USD, i am using future currency chart data feed directly from the CME.

That way, I got the true volume of those curencies as on the CME as there is only 1 central exchange and volume will look the same on all charts using CME as data feed no matter who is the broker used.

Of course, this is not free but i found that for 85$ a month, i can get CME full package datafeed (currencies, indices, ect...) and Sierra Charts including MP profile and volume profile.

It is not 1$ but it is lot less than esignal.

Hope that is helpful.

Sincerely

Shreem

Edit: Also, having decided that VSA and MP analysis being my main approach to the markets, I dont mind paying this monthly fee. And that is considering the fact that I am still not profitable at all as I always changed techniques in the past and it is just recentlt that I have decided to stick no matter why on works of Wykcoff and VSA that have emerge from it and the MP which is a great source for finding accurate S and R lines with using POC, VAH and VAL.
  • #1,946
  • Jun 20, 2009 10:41am Jun 20, 2009 10:41am
Quoting shreem
Hello Mima, For me to resolve this issue with different volume issues looking not the same in different brokers in MT4, I have resolved the issue like this:

I have decided to use sierra charts as i like their interface and they have market profile and volume profile incorporated with them. As for volume for the major pairs, I am using data feed from CME future exchange directly.

So, for EUR-USD, GBP-USD, USDCHF, USD-JPY AND AUD-USD, i am using future currency chart data feed directly from the CME.

That way, I got the true volume of those curencies...
my esignal feed is FREE i pay additional data price for futures feed. $50 per month . High volume account fxcm over 100 lots traded per month
Blogging daily now at www.volume.zone
  • #1,947
  • Jun 20, 2009 10:43am Jun 20, 2009 10:43am
Quoting shreem
Hello Mima, For me to resolve this issue with different volume issues looking not the same in different brokers in MT4, I have resolved the issue like this:

I have decided to use sierra charts as i like their interface and they have market profile and volume profile incorporated with them. As for volume for the major pairs, I am using data feed from CME future exchange directly.

So, for EUR-USD, GBP-USD, USDCHF, USD-JPY AND AUD-USD, i am using future currency chart data feed directly from the CME.

That way, I got the true volume of those curencies...

one thing you do not have is high vol pivots of up to 20 day ago on sierra charts.. priceless

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  • #1,948
  • Jun 20, 2009 10:48am Jun 20, 2009 10:48am
Quoting malcolmb14
confused ..1.1 and 1.4 look same to me in actual fact 1.4 seems wrong on high volume wide spread down bars , paints these was white not red.

Attachment
See this about B.V 1.4
http://www.forexfactory.com/showpost...&postcount=826
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,949
  • Edited 10:56am Jun 20, 2009 10:54am | Edited 10:56am
Quoting malcolmb14
my esignal feed is FREE i pay additional data price for futures feed. $50 per month . High volume account fxcm over 100 lots traded per month

Hello Malcolmb14. Thanks for your reply. Wow! esignal free is really a cool thign to have. Will definitely think about it when I will trade the size are you are doing. I am not there yet. In fact, well behind but that will come one day for sure.

As for the high volume pivot of 20 days. How is this calculated? Is it a mp chart compressed of the last 20 days that shows a big MP and vol profile chart for last 20 days into a single MP bell curve?

Much interested to know about that

Thanks in advance and thanks so much for your replies and your tremedous help on this thread.

I do really consider you the best mentor on VSA on this forum and it is really a priviledge to have you here and this is not a rant but a very sincere and honest statement

Shreem

Edit: Malcomlmb14, on your esignal charts, is it data feed from CME that shows on your fx charts or the forex feed of esignal with its about 300 contributors? If it is the forex esignal feed, do you use sometimes the CME feed for looking at volume of the currencies pairs? Thanks
  • #1,950
  • Jun 20, 2009 10:55am Jun 20, 2009 10:55am
If you want more info, read this E-mini pdf.
The top of the 2nd page has a summary of the colors.

http://www.forexfactory.com/attachme...0&d=1242562173
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,951
  • Jun 20, 2009 12:10pm Jun 20, 2009 12:10pm
Quoting malcolmb14
confused ..1.1 and 1.4 look same to me in actual fact 1.4 seems wrong on high volume wide spread down bars , paints these was white not red.

Attachment
Isn't volume climax down supposed to be white?
  • #1,952
  • Jun 20, 2009 12:24pm Jun 20, 2009 12:24pm
Quoting malcolmb14
my esignal feed is FREE i pay additional data price for futures feed. $50 per month . High volume account fxcm over 100 lots traded per month
You mean 100 trades of 1 lot each? Or less trades of multiple lots each?
  • #1,953
  • Jun 20, 2009 12:27pm Jun 20, 2009 12:27pm
Quoting wwwin
Isn't volume climax down supposed to be white?
Version 1.4, YES.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,954
  • Jun 20, 2009 12:35pm Jun 20, 2009 12:35pm
Quoting Vanhook2
Version 1.4, YES.
Agreed, therefore version 1.1 is wrong according to the literature of better volume indicator.
  • #1,955
  • Jun 20, 2009 2:35pm Jun 20, 2009 2:35pm
Quoting wwwin
Agreed, therefore version 1.1 is wrong according to the literature of better volume indicator.
Not exactly... from what I've read, there has been changes in the BV indicator... and so has changed the literature about it;

At least in the latest change (which included that colour modification), there has been a change in the literature to reflect the change.

So of course, you can't compare past versions of the indicator with the current literature about it
  • #1,956
  • Jun 20, 2009 4:30pm Jun 20, 2009 4:30pm
Quoting tonirai
Not exactly... from what I've read, there has been changes in the BV indicator... and so has changed the literature about it;

At least in the latest change (which included that colour modification), there has been a change in the literature to reflect the change.

So of course, you can't compare past versions of the indicator with the current literature about it
toni.... hope you are haivng a nice relaxing weekend.

I say who cares.. high volume on a low spread candle at support is buying and high volume on a doji at resistance is selling . Who really needs red this and blue that and yellow this lol ..

Knowing what the volume bars and what they mean is critical when referenced to the width of the candle and where the candle closed. NO MATTER WHAT THE COLOUR OF THE VOLUME BAR

I have had recent pms about people in chat saying that tradeguider is lagging. This show that although there are some nice work done on indies few have really grasped what vsa is all about. VSA is about background . The best trades that make the most pips, are ones that form for 60 - 30 minutes on a 5 min charts

here is a long set up I saw taking shape for last 3 hours on 5 min that lead to move to 160 zone ... solid base. I woke up 5 am my time on day and loked gj .. my eyes popped right out of my head when I saw this set up

Note that BV indictor 1.4 did not pick up ANY OF THE SIGNIFACANCE OF THE FIRST HIGH VOLUME DOWN BAR on 5 min , so we have to learn NOT to rely on indicators and learn to rely on how to read each volume bar no matter the colour. AIT did a great job of shoing the low volume test of support

I like Bv indie also ...but it does not pick up all the trades

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  • #1,957
  • Jun 20, 2009 5:58pm Jun 20, 2009 5:58pm
have to learn to add and subtract candles sometimes...........need to visualize the higher time frames on the lower time frame charts............


Quoting malcolmb14
toni.... hope you are haivng a nice relaxing weekend.

I say who cares.. high volume on a low spread candle...
  • #1,958
  • Jun 20, 2009 6:02pm Jun 20, 2009 6:02pm
how can history lag


Quoting malcolmb14
toni.... hope you are haivng a nice relaxing weekend.

I say who cares.. high volume on a low spread candle...
  • #1,959
  • Edited 7:36pm Jun 20, 2009 7:20pm | Edited 7:36pm
Funny thread, first BV 1.4 is wrong (b/c white should be red) and 1.1 is right b/c both climex bars shoudl be red????, then when shown that the opposite is true and that 1.4 has the CURRENT LITERATURE COLORS, then all of a sudden BV does not matter...LOL...I would like to see some calls as the signal is triggered based on volume and spreads whether based on BV or not, not 10 hours later showing what a great signal is was...any system can be fitted to produce great signals with the help of hindsight information, academics always show great results teaching hindsight trades, but only real traders trade in real time....a real time call will be nice once in a while, nobody is able to board a train after the train has left the station.
  • #1,960
  • Jun 20, 2009 7:44pm Jun 20, 2009 7:44pm
VSA is not a mechanical system - its like driving a car - everything is relative - colors mean squat

Quoting wwwin
Funny thread, first BV 1.4 is wrong (b/c white should be red) and 1.1 is right b/c both climex bars shoudl be red????, then when shown that the opposite is true and that 1.4 has the CURRENT LITERATURE COLORS, then all of a sudden BV does not matter...LOL...I would like to see some calls as the signal is triggered based on volume and spreads whether based on BV or not, not 10 hours later showing what a great signal is was...any system can be fitted to produce great signals with the help of hindsight information, academics always show great results...
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