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Trade Using VSA (Volume Spread Analysis)

  • #2,061
  • Jun 26, 2009 5:47pm Jun 26, 2009 5:47pm
Quoting malcolmb14
what is all this murray math line and vsa crap ? lol

have a great weekend
HAHA you too Mal.

-----------------

I have updated the first post (in the resources section) with some useful files posted recently to the thread and the chat.

The update includes links to the Todd Krueger Articles, cheat sheets by Capt1mc, Lolpie, Dutchie, and an illustrated spreadsheet of patterns by Steve Gill. Thanks all of you guys for putting this stuff together for everyone. I appreciate it.

If I missed anything let me know so I can add it.

Take some time over the weekend to take a look.

Enjoy.
The trend always ends.
  • #2,062
  • Edited 6:12pm Jun 26, 2009 5:55pm | Edited 6:12pm
Thanks for your time Shamus! and other people who gathered all these information.

Regards
Mike
Failure, is a wonderful teacher!
  • #2,063
  • Jun 26, 2009 6:07pm Jun 26, 2009 6:07pm
Quoting mike1349
Thanks for your time Shamus!

Regards
Mike
You're welcome but... don't forget to also thank the guys that compile all this useful information and post analysis so that others can learn a little easier/faster. They are the heroes of this thread.

Have a good weekend guys.
The trend always ends.
  • #2,064
  • Edited Jun 27, 2009 6:17pm Jun 26, 2009 11:46pm | Edited Jun 27, 2009 6:17pm
Hi all here!

I been looking at Better volume indicators and tough it woudl be a good idea to change neutral color for the increase and decrease volume color type.

Associate Volume bar color whit bar price side from opening. That way we would know if its big volume pushig down, or big volume pushig up. All that whit better volume indic climax bar. Let's say price turn under opening volume bar would turn gray, then when price turn over opening, volume bar turn green or blue.

Also add a volume meter as MT4 have but whitout put cursor over bar, display im better volume indic... Even also add an option like, last 2 bars volume..

Make any sens, it makes to me, let me know!
Any coder around ?


Plz let me know your tough about the idea, if it been done before, etc..
Attached Image (click to enlarge)
Click to Enlarge Name: volume.jpg Size: 272 KB
Attached File(s)
File Type: mq4 Volume MA Alert_v1.0.mq4   7 KB | 701 downloads
  • #2,065
  • Jun 27, 2009 8:26am Jun 27, 2009 8:26am
Quoting taomql4
No real big difference--but i know when buyers or sellers are
in control--oh yeah--the neutral volume helps with the
no supply and no demand bars..the height of the bars
basically matches that of the better vol 1.1/1.4

Thanks for the explanation. Is this indicator freely available? I have checked the attachments on this thread but could not find it...
  • #2,066
  • Jun 27, 2009 9:49am Jun 27, 2009 9:49am
Thanks Tao, so basically your looking for declining volume then waiting for a reversal? What other indi's are you using? What are the BB settings? I see you also have different TF trend lines on your M5. What are they and which one leads the rest? Yesterday i started using H1 and M15 trend lines on my charts also but im not sure which one leads the others yet.
  • #2,067
  • Jun 28, 2009 1:32am Jun 28, 2009 1:32am
Hello to all. Just wanted to post something about Esignal GTIS forex data feed as the issue of volume in forex is always a hot debated topic.

To make a story short, Esignal GTIS forex data feed use more than 200 contributors, ranging from big banks to big brokers, in their compilation of tick volume that your see on any Esignal chart where volume is displayed at the bottom of the chart. So, this feed is the only realiable feed that you can ever get to analyse volume in the light of VSA in the spot forex world.

All others volume that you get through single broker data feed, either it being an ECN broker or not will not be really useful in the long run as those tick volume only represent part of the in-house broker volume and, in most instance, not all of their own total volume activity data.

So, if you are serious about making it in the spot forex world, you should save some money and invest in an Esignal package to get their forex feed as Dr. Geppynius has mentionned. A proper volume tool, is the most basic tool needed to become successful in using any volume strategy.

The good news is that, after searching for a bit and being tired of the "fake" volume discrepency of MT4 charts and the volume associated with them, I have found a great "cheap" deal to get Esignal GTIS forex data feed at a great price.

Since 1 week, i am a new subscriber to livecharts from esignal who have GTIS forex data feed as the provider. The cost is 53$ a month and you get forex charts with volume on them. Those livecharts are webbase so you dont need a sofware to run them, only internet connection.

One important thing to knows about those charts is that they are really basic in the sense that you dont have any fancy indicators available. You only get basic indicators and volume is one of them. Also, to draw horizontal or vertical lines, you need to use the trendline option which can be annoying at time as you cant save them. But that do not really bother me but can for some people.

So, as I have been struggling long time in the past using VSA with MT4 or other charts package as I never got the right volume displaying on my charts, I can tell you that last week trading have dramatically increase to the up side. I knows that using the Esignal charts is a great help and also by reading again the undeclared secret of the stock market by Tom Williams and reading posts of Dr. Geppynius, Malcolmb14 and Shamus have also helped me a lot.

So, hope this is useful and it has solved for me the problem about the correct volume data for forex.

Wishing all a great and successful trading week ahead

Sincerely

Shreem
  • #2,068
  • Jun 28, 2009 4:11am Jun 28, 2009 4:11am
Anyone here had any experience with TradeGuider? Their VSA scanners and indicators seems impressive... Thx
  • #2,069
  • Jun 28, 2009 6:10am Jun 28, 2009 6:10am
I trade GU and EU only and use the volume of the globex GU and EU futures, works for me. I am considering trading the futures themselves.
  • #2,070
  • Edited 9:58am Jun 28, 2009 7:22am | Edited 9:58am
Quoting shreem
Hello to all. Just wanted to post something about Esignal GTIS forex data feed as the issue of volume in forex is always a hot debated topic....
.....Since 1 week, i am a new subscriber to livecharts from esignal who have GTIS forex data feed as the provider. The cost is 53$ a month and you get forex charts with volume on them. Those livecharts are webbase so you dont need a sofware to run them, only internet connection.


Sincerely

Shreem

I got respond:

Hello

The monthly cost for esignal with forex is 175.00

That would include access to 200 symbols.

Would you like to sign up for a trial?

Regards,

Jeff Werthman
800.322.9170
The Market pays you to be disciplined
  • #2,071
  • Jun 28, 2009 8:57am Jun 28, 2009 8:57am
Only a beginner or someone who wanted to use a package which required esignal (or tradestation) would do such a money wasting thing.
Tell esignal to come out of the clouds and charge a reasonable amount instead of the exorbitant prices they do and maybe they'll start increasing sales again.

Been there done that - don't need it anymore.




Quoting shreem
Hello to all. Just wanted to post something about Esignal GTIS forex data feed as the issue of volume in forex is always a hot debated topic.

To make a story short, Esignal GTIS forex data feed use more than 200 contributors, ranging from big banks to big brokers, in their compilation of tick volume that your see on any Esignal chart where volume is displayed at the bottom of the chart. So, this feed is the only realiable feed that you can ever get to analyse volume in the light of VSA in the spot forex world.

All others volume that you get...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,072
  • Jun 28, 2009 9:19am Jun 28, 2009 9:19am
Quoting houston808
Anyone here had any experience with TradeGuider? Their VSA scanners and indicators seems impressive... Thx

Tradeguider will get shot down by most due to its expense. I think the 3k is worth it and version 3 is nice in that it does have the scanners.

If you can afford it I say get it
Blogging daily now at www.volume.zone
  • #2,073
  • Jun 28, 2009 10:05am Jun 28, 2009 10:05am
Quoting TraderJoe
Only a beginner or someone who wanted to use a package which required esignal (or tradestation) would do such a money wasting thing.
Tell esignal to come out of the clouds and charge a reasonable amount instead of the exorbitant prices they do and maybe they'll start increasing sales again.

Been there done that - don't need it anymore.

sorry but is 175 a month alot of money ? That is 175 pips per month on 1 mini lot to cover expenses.

Most go to Starbucks , $5 a crack every day of the month $150 a month on something you pee out ! $200 a month is not a lot of money to spend on a tool that aids you in making money and do not get me started on how much people pay for cigarettes and booze !!! It is all about perspective on what one wants to spend their money on. Most North Americans have bloody great gas guzzling cars and suvs , where as a Jetta turbo diesel gets you from a to b just the same with 1/4 of the gas.

Think of it this way , in construction do they still dig holes by hand or do they use equipment that costs 350 k to buy and at least $10,000 a month to operate and maintain.

There are way to get an esignal feed for free ... one has been mentioned

the other is go to www.leveragefx.com , open and account at fxcm , min 1000. Trade 100 mini per month and you get esignal feed with topgun software(awesome software with neat features) for free.

Other than that IBFX volume is fairly accurate when compraed to esignal. They have interbank feed
Blogging daily now at www.volume.zone
  • #2,074
  • Jun 28, 2009 11:00am Jun 28, 2009 11:00am
Quoting mima
I got respond:

Hello

The monthly cost for esignal with forex is 175.00

That would include access to 200 symbols.

Would you like to sign up for a trial?

Regards,

Jeff Werthman
800.322.9170
Hello Mima. That response you got is for the full package of esignal premium package with advance charts and options. That is effectively costing 175$ a month. As Malcolmb14 pointed out, if you have a clear strategy and make some nice pips every month, that is not expensive at all.

For others, as me, who are not there yet but will soon enough, go to esignal website and look under "livecharts" product and it is 53$ a month.

That is what a pay for and I as told earlier, you get basi charts with price and volume and the forex feed is the Esignal GTIS forex data feed.

Thanks

Shreem


EDIT: I included a pic of the livecharts of Esignal that i use.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 5M POC failed attempt1.jpg Size: 208 KB
  • #2,075
  • Jun 28, 2009 11:16am Jun 28, 2009 11:16am
Quoting malcolmb14
sorry but is 175 a month alot of money ? That is 175 pips per month on 1 mini lot to cover expenses.

Most go to Starbucks , $5 a crack every day of the month $150 a month on something you pee out ! $200 a month is not a lot of money to spend on a tool that aids you in making money and do not get me started on how much people pay for cigarettes and booze !!! It is all about perspective on what one wants to spend their money on. Most North Americans have bloody great gas guzzling cars and suvs , where as a Jetta turbo diesel gets you from a to b...

Hello Malcolmb14. Thanks for that post and lets me says that I agree with 100% on this. Life depend on choice we make and for a volume trader, the basic tool that he need is a decent charting service where he get accurate price and volume info.

So, expensive or not, only depend on the perspective of how one want to see things

Thanks again for your insight which is always much appreciated

Sincerely

Shreem
  • #2,076
  • Jun 28, 2009 11:30am Jun 28, 2009 11:30am
Quoting shreem
Hello Malcolmb14. Thanks for that post and lets me says that I agree with 100% on this. Life depend on choice we make and for a volume trader, the basic tool that he need is a decent charting service where he get accurate price and volume info.

So, expensive or not, only depend on the perspective of how one want to see things

Thanks again for your insight which is always much appreciated

Sincerely

Shreem

cool

This is a general post .

Last week my trading computer power source went down . I booted up my laptop and was using that to trade off. I did use esignal , although was having some issues getting the graphics setting correct , so it was not of much help to me. So most of the week used IBFX on demo for charting. Volume and murray math lines worked just fine. I was using my esignal to get the values area of previous days and plotting those on my ibfx charts.

Is esignal a must for vsa ?..... no , nice to have yes , but not a must have

This week my partners vsa training starts. She wants to get into trading. Now all she has to do is listen and learn. She is still trying to think where price is goinbg and guess the markets. I told her do not think ... just read volume. It is like a book.
Blogging daily now at www.volume.zone
  • #2,077
  • Edited 11:56am Jun 28, 2009 11:44am | Edited 11:56am
Quoting malcolmb14
cool

This is a general post .

Last week my trading computer power source went down . I booted up my laptop and was using that to trade off. I did use esignal , although was having some issues getting the graphics setting correct , so it was not of much help to me. So most of the week used IBFX on demo for charting. Volume and murray math lines worked just fine. I was using my esignal to get the values area of previous days and plotting those on my ibfx charts.

Is esignal a must for vsa ?..... no , nice to have yes , but not a must have

This...
Hello Malcolmb14

Thanks for your post.

Yep, I agree with you that any Esignal package is not a must to be able to trade VSA properly. However for me, I think, just the fact that using the GTIS forex datafeed and knowing that is feed is very reliable concerning the use of volume in forex is just a great add to my confidence in trading with VSA. As for result of last week, my return have dramically increased as soo as I have begun to use those esignal charts.

I guess all of this have to do with my psychology since I know VSA since about 1 year and half but never have been consistently profitable before last week. Last week, I have made 5 live trades with VSA using those charts and all were winners.

So, I will say that anything that can increase the confidence of the person when interested in trading with VSA or any other method is a +

But, yes your absolutely right, esignal GTIS forex datafeed is not 100% needed to being able to trade VSA as IBFX (and i will say FXCM MT4 is even more reliable than IBFX regarding volume) can certainely be use as a starting point in learning VSA.

BTW, I am sure your partners will become very successful in the forex world if they truly listen to you when you teach them as I am sure your great insight will definitely tremendously help them to become knowledgable and very proficient in using VSA.

Sincerely

Shreem
  • #2,078
  • Jun 28, 2009 12:16pm Jun 28, 2009 12:16pm
Quoting houston808
Anyone here had any experience with TradeGuider? Their VSA scanners and indicators seems impressive... Thx
Hi, i had tradeguider but my advise is not buy coz price is too high for that software.

nothing too much special on this.
if you are in stage in learning VSA (as me) you dont need any special SCANNER to scan 100 different charts. rather stick to some basic pairs or just one pair like GPDUSD . you dont need any Trend Indicators that tradeguider have or some diamonds trend that is nothing special like 5EMA . really not worth to buy this kind of soft.

and btw you need as well some datafeed to it
as was write above rather subscribe to esginal and use standart charts.
really i have seen nothing special in tradeguider soft or in their VSA CLub
  • #2,079
  • Jun 28, 2009 12:19pm Jun 28, 2009 12:19pm
Quoting shreem
Hello to all. Just wanted to post something about Esignal GTIS forex data feed as the issue of volume in forex is always a hot debated topic....
Hi
i have that datafeed as well but when iam comparing it with IBFX it have nothing too much different how it looks visualy.
i mean if you compare it visualy volume bar by bar you get very very very simillar bars.

of course if you look at volume reading it shove you like 5000vol or 4000 vol when on the IBFX just 300 . but visualy is similar.
  • #2,080
  • Jun 28, 2009 12:53pm Jun 28, 2009 12:53pm
Quoting adriann
Hi
i have that datafeed as well but when iam comparing it with IBFX it have nothing too much different how it looks visualy.
i mean if you compare it visualy volume bar by bar you get very very very simillar bars.

of course if you look at volume reading it shove you like 5000vol or 4000 vol when on the IBFX just 300 . but visualy is similar.

Yes relationally the same which is all that matters.

Hope everyone had a great weekend.

I will be in mourning as Billy Mays died today and I had a crush on his beard.

http://www.deadlyviper.org/blog/wp-c...billy-mays.jpg

See you in the chat.
The trend always ends.
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