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Trade Using VSA (Volume Spread Analysis)

  • #1,981
  • Jun 21, 2009 1:37pm Jun 21, 2009 1:37pm
Quoting FOREXflash
I tried to duplicate hawkeye volume indicator........
Comments for possible upgrades to code are welcomed!!!
LIME--------BUYERS COMING
RED---------SELLERS COMING
WHITE------NEUTRAL
GRAY LINE--AVERAGE VOLUME

Looks good. nice job.
The trend always ends.
  • #1,982
  • Edited 1:56pm Jun 21, 2009 1:45pm | Edited 1:56pm
Quoting malcolmb14
100 standard lots traded each month . I trade any where from 3 to 10 each trade depending on the set up and how sure I am of it. Risk is never more than 2.5% off account , but typically less than 1 %

20 - 35 trades a week ( i am a day trader) . Mostly gj but recently also GU as GU has been giving many great vsa set ups
Got it, thank you very much for the response, what you meant was that you trade more then 10M notional volume a month. But it is actually a lot more than that, even on a 4 week month, you would be trading 24M notional volume (minimum 3 lots per trade X minimum 20 trades X 4 weeks X 100K)

Thanks again.
  • #1,983
  • Jun 21, 2009 1:56pm Jun 21, 2009 1:56pm
Porkpie and Mima,

I read through the short Denbur thread and Mima did you ever check out the Forex .com and their volume? From the charts posted it looked pretty good... until I can get esignal
  • #1,984
  • Jun 21, 2009 2:54pm Jun 21, 2009 2:54pm
Hi Malcolm,
What is that table on the bottom left of your chart?
Thanks
Denis

Quoting malcolmb14
easy 150 pip trade if 8103 holds. .... which looks like sellers hitting her 8080 and 8103 zones .. smells of distribution to me

sell it and forget it . place limit at 7851 . that is base triangle 60 min

Attachment
  • #1,985
  • Jun 21, 2009 3:29pm Jun 21, 2009 3:29pm
Quoting denis1
Hi Malcolm,
What is that table on the bottom left of your chart?
Thanks
Denis
Looks like the equivalent of "Data Window" in Metatrader - it gives you all the data of all indicators/calculations of the bar you highlight with the mouse.
  • #1,986
  • Jun 21, 2009 3:38pm Jun 21, 2009 3:38pm
are you looking for another upthrust in the 8103 region and then short after that using the value zone concept?


Quoting malcolmb14
easy 150 pip trade if 8103 holds. .... which looks like sellers hitting her 8080 and 8103 zones .. smells of distribution to me

sell it and forget it . place limit at 7851 . that is base triangle 60 min

Attachment
  • #1,987
  • Jun 21, 2009 4:45pm Jun 21, 2009 4:45pm
Quoting denis1
Hi Malcolm,
What is that table on the bottom left of your chart?
Thanks
Denis

that is data window...same thing as you have in mt4 expect i can drag mine around anywhere on screen
Blogging daily now at www.volume.zone
  • #1,988
  • Jun 21, 2009 4:50pm Jun 21, 2009 4:50pm
Quoting crabbydog
Tradeguider is not a system, but a mix of training tool and guide to what is happening in the market....
tradeguider is good if you have the $$$$ to spend on it.

it offers alot as a training tool to vsa ... why do you think I am so good at it. I have the software.

Although not a requirement for those that cannot afford it. If you are serious about vsa and can afford the software I would get it.

I still use mine form time to time but have become so good at this stuff that I only need my esignal charts now. I can spot set ups with one eye closed these day
Blogging daily now at www.volume.zone
  • #1,989
  • Jun 21, 2009 4:51pm Jun 21, 2009 4:51pm
Quoting razorboy
found the value area primer you suggested on another post -

When Levin talks about "getting in the value area" are you looking for just a wick poking into it or a open/close of a candle (or candles) with the value area

thanks

value area and vsa together .. work like a thing of magic
Blogging daily now at www.volume.zone
  • #1,990
  • Jun 21, 2009 4:54pm Jun 21, 2009 4:54pm
Quoting FOREXflash
I tried to duplicate hawkeye volume indicator........
Comments for possible upgrades to code are welcomed!!!
LIME--------BUYERS COMING
RED---------SELLERS COMING
WHITE------NEUTRAL
GRAY LINE--AVERAGE VOLUME

hawkeye is different from vsa .. lets not confuse the 2 in this thread. They are laong the same lines but slightly different nature
Blogging daily now at www.volume.zone
  • #1,991
  • Jun 21, 2009 6:48pm Jun 21, 2009 6:48pm
even now in low volume time .. all volume is relative t5o each other.. trades like this one appear ( only caught 20 pips of trade_ , closed at p-lva

now waiting for low vol test 158 again or break back into the LVA at 158.4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN320.png Size: 216 KB
Blogging daily now at www.volume.zone
  • #1,992
  • Jun 21, 2009 7:11pm Jun 21, 2009 7:11pm
Quoting malcolmb14
even now in low volume time .. all volume is relative t5o each other.. trades like this one appear ( only caught 20 pips of trade_ , closed at p-lva

now waiting for low vol test 158 again or break back into the LVA at 158.4
There was a similar setup in gu. Thought about taking the retest on lower volume, but I'm trying to stick to my rule of starting the trading week only on Europe... so I didn't take the trade. Was worth a maximum of 20 pips.
  • #1,993
  • Jun 21, 2009 9:16pm Jun 21, 2009 9:16pm
Well Malcomb,
I'm going to try your fathers day gift. Thankyou
  • #1,994
  • Jun 22, 2009 8:24am Jun 22, 2009 8:24am
Buy GJ off 157...hohohooo, merry christmas!
forexflash
  • #1,995
  • Jun 22, 2009 10:15am Jun 22, 2009 10:15am
Was selling rallies. After the close red bar marked, was looking for a short entry. Since the red bar closed on the high was looking for confirmation for the short. Of course it dropped right away. Anyone get in on this trade or see something I missed?
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.jpg Size: 248 KB
  • #1,996
  • Jun 22, 2009 11:04am Jun 22, 2009 11:04am
Background on 15min===screaming weakness==look for short signs of the 5min===gotta be trigger happy--a full 20 min Gap to prepare for a short on the 5 min.
Hint:
head and shoulder formation on the 4hr gbpjpy==Gbp getting pounded right now..No PUN intended..lol ---watch for break @154.90--and its christmas...lol
Attached Image (click to enlarge)
Click to Enlarge Name: guplay.gif Size: 73 KB
  • #1,997
  • Jun 22, 2009 11:44am Jun 22, 2009 11:44am
Malcomb (volume master)

Could GY be turning up from this level or is 155 a given?

Thankyou for input.
  • #1,998
  • Jun 22, 2009 2:02pm Jun 22, 2009 2:02pm
Quoting malcolmb14
that is data window...same thing as you have in mt4 expect i can drag mine around anywhere on screen
I was reading back and saw this and you reminded me of something for those that trade tick charts.

You can drag out any of the windows (marketwatch window, datawindow, etc.) with mt as well. You can also drag them to other monitors which is a nice feature if you use the tick charts in MT (marketwatch window tick chart tab).
The trend always ends.
  • #1,999
  • Jun 22, 2009 2:51pm Jun 22, 2009 2:51pm
Quoting fxgrnwise
Malcomb (volume master)

Could GY be turning up from this level or is 155 a given?

Thankyou for input.
We have seen selling all day GJ , think we are having alittle rally here.

I see more selling coming later , maybe asia , maybe . I think 155 a given and maybe a break of that this time. Lets see how we go


Attached Image (click to enlarge)
Click to Enlarge Name: chf02.gif Size: 21 KB
Blogging daily now at www.volume.zone
  • #2,000
  • Jun 22, 2009 3:08pm Jun 22, 2009 3:08pm
Going to miss the old chap----
Attached Image (click to enlarge)
Click to Enlarge Name: guplay2.gif Size: 70 KB
Attached Image
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