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Trade Using VSA (Volume Spread Analysis)

  • #2,001
  • Jun 22, 2009 4:05pm Jun 22, 2009 4:05pm
Quoting Crownj
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?

you are getting it and yes the best entries are the confirmations. However the double tops and treble bottoms often mark the ends of trends on higher time frames.

yoiu forgot one thing BACKGROUND . Background on gu was selling all day. So on this set up i would be hitting it on 1st set up not waiting for confirmation.

Once you understand becakground you will become a vsa master.
Blogging daily now at www.volume.zone
  • #2,002
  • Jun 22, 2009 5:43pm Jun 22, 2009 5:43pm
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
ok so what is all this bullshit about posting 4 hours late wwwin ?

jhere was simple trade ... if you did not collect the 150 pips it is not my fault ~!!

i am still short this one with half off and stop +50 other half next target 7700
Blogging daily now at www.volume.zone
  • #2,003
  • Jun 22, 2009 5:49pm Jun 22, 2009 5:49pm
you can slag many people here.......mal isnt one.

Quoting malcolmb14
ok so what is all this bullshit about posting 4 hours late wwwin ?

jhere was simple trade ... if you did not collect the 150 pips it is not my fault ~!!

i am still short this one with half off and stop +50 other half next target 7700
  • #2,004
  • Jun 22, 2009 5:58pm Jun 22, 2009 5:58pm
Someone was slaggin'? That sounds like it might be ok... /me unzips pants and gets some slag cream.
The trend always ends.
  • #2,005
  • Jun 22, 2009 6:02pm Jun 22, 2009 6:02pm
Quoting ShamusFamous
Someone was slaggin'? That sounds like it might be ok... /me unzips pants and gets some slag cream.
lol
Blogging daily now at www.volume.zone
  • #2,006
  • Jun 22, 2009 6:08pm Jun 22, 2009 6:08pm
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
Wish I had seen this earlier.... you nailed that one!!
  • #2,007
  • Jun 22, 2009 8:10pm Jun 22, 2009 8:10pm
Quote
Im reading "Better Trading Through Effective Volume by Pascal Willain"
for last 2 days....and WOW!!!
Here is a few thoughts ;

VOLUME THAT MOVES THE MARKETS.........


Thanks for sharing, FOREXflash. will probably check that book in the near future.



razorboy,
nice, good-sized chart here. 'better' than before
  • #2,008
  • Jun 22, 2009 8:22pm Jun 22, 2009 8:22pm
Quoting malcolmb14
my post on better volume was not to put it down , but it was to highlight that it does not pick up all the best trades all the time. One has to get to understand vsa on their own.
here is case in point. The most important high volume signal on this 15 min gj was not colour coded ... however after a small dip and effort to rise this meant on only one thing ...sellers. Easy set up and trade 100 pipper. A gift
....
malcolmb14,
thanks for pointing out some of the subtleties.
Keep posting charts.. again, appreciate it Batman (hope Piters would chime in here too, lol)
  • #2,009
  • Jun 23, 2009 4:37am Jun 23, 2009 4:37am
am curious.. sometimes i read news of what big players are doing..

for example... buying interest at 1.38 eur/usd etc.. how do folks know their movements?
  • #2,010
  • Edited 8:48am Jun 23, 2009 8:29am | Edited 8:48am
This is nothing but Good news--Now we have a
downward sloping confirmation line--if this thing
breaks--clean break--hold on to your
bank acounts..LOL--but i see some buyers
want to mess up the formation..let see how far they
take it.

am selling any weakness i spot on HigherTF .........want to Holdmy cup
just right--just in case...-
Attached Image (click to enlarge)
Click to Enlarge Name: gjheadandshoulders.gif Size: 44 KB
  • #2,011
  • Jun 23, 2009 9:17am Jun 23, 2009 9:17am
Malcomb,
I just wanted to comment that your gift the other night of au/usd was right on as with the call of GBP/CHF...and GU. (I watched the last two)

Thankyou for your generosity
  • #2,012
  • Jun 23, 2009 9:42am Jun 23, 2009 9:42am
Attached Image (click to enlarge)
Click to Enlarge Name: gjheadandshoulders1.gif Size: 78 KB
  • #2,013
  • Jun 23, 2009 10:26am Jun 23, 2009 10:26am
Taomql4,

You still see a head and shoulders forming on GY? Alot of excellent traders called it to go back to 160.50 to form the right shoulder, is it too late?
  • #2,014
  • Jun 23, 2009 11:02am Jun 23, 2009 11:02am
Quoting fxgrnwise
Taomql4,

You still see a head and shoulders forming on GY? Alot of excellent traders called it to go back to 160.50 to form the right shoulder, is it too late?
We will probably see it at 158.00............if it breaks through,
it will go to 162 level(but I dont see it there jet, market is still a lot bearish)
forexflash
  • #2,015
  • Jun 23, 2009 11:17am Jun 23, 2009 11:17am
Quoting fxgrnwise
Taomql4,

You still see a head and shoulders forming on GY? Alot of excellent traders called it to go back to 160.50 to form the right shoulder, is it too late?
i think they are probably playing the stopping vol. on the 30 min chart--and looking at the 4 hr chart, definitely there's plenty of room on the upside but like flash said--its still lot bearish====so am trading in that direction every chance i get---don't want to miss the break if/when it happens..
Attached Image (click to enlarge)
Click to Enlarge Name: gjheadandshoulders1.gif Size: 72 KB
  • #2,016
  • Jun 23, 2009 11:45am Jun 23, 2009 11:45am
Thanks Flashforex and taomql4,

I though once it broke through the 154.80-90 last night that it was all downhill for awhile,never know with GY.
  • #2,017
  • Jun 23, 2009 12:02pm Jun 23, 2009 12:02pm
someone in IRC asked me why GU is going up

really it is very simple.

buyers are interested in GU opff the 6250 level.

This accumulation is very clear on the 4 hour charts. Now gu will move into test resistance once more.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #2,018
  • Jun 23, 2009 12:13pm Jun 23, 2009 12:13pm
Quoting fxgrnwise
Thanks Flashforex and taomql4,

I though once it broke through the 154.80-90 last night that it was all downhill for awhile,never know with GY.
it wasn't a clean break on 4hr---gotta watch for that------
Attached Image (click to enlarge)
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  • #2,019
  • Edited 12:51pm Jun 23, 2009 12:50pm | Edited 12:51pm
Taomql4,
Okay, so 4hr candle must be under 154.80-90 to have it be a clean break.

Thanks!
  • #2,020
  • Jun 23, 2009 12:59pm Jun 23, 2009 12:59pm
Quoting fxgrnwise
Taomql4,
Okay, so 4hr candle must be under 154.80-90 to have it be a clean break.

Thanks!
some use the 1 hour chart---i like to be behinde the price(already in the trade)
If am not in the trade i like to wait and see....but i had the luxury of watching last night bounce of the line...and if i don't like what i see..i close my trades...
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