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Trade Using VSA (Volume Spread Analysis)

  • #2,201
  • Jul 3, 2009 4:05am Jul 3, 2009 4:05am
Here's an alert candle that I pointed out in another thread - a high vol spinning top that held ~the 6425 level just after the Frankfurt Open.....plenty of supply up there, that turned out to be selling, confirmed by The Brits action at the LO for a nice 75 pip fall.....http://www.forexfactory.com/images/icons/icon6.gif
Attached Image (click to enlarge)
Click to Enlarge Name: jly 3 cable 5m 0900.gif Size: 14 KB
Trading Levels with WRBs
  • #2,202
  • Jul 3, 2009 5:31am Jul 3, 2009 5:31am
Quoting Yuppie
Dear VSA-devotees...

I would most welcome your thoughts on the attached chart.


Specifically:

The last highlighted bar.
It's position.
It's volume.
The No-Demand that occurred before it (was it a valid No-Demand with the buyers coming in a few bars prior??)


Regards,

Magnus
Mangus,

that seems to me a hidden Test I read about recently (Wonder if I got it right). The criteria would be:

1. area is previous high volume strength - you got it

2. You have a down bar on healthy volume with wide spread

3. than right after that you have an up bar, which started on the lows but ended up on the high, the close must be higher than previous low but not higher than previous high, the volume should be lower than on the previous bar - you have almost like this, just the V not as low as in the text book.

Similar to this pattern was told by Todd, although he referred to a climactic down bar closing higher than the lows followed by a doji looking guy.

Be aware that I do not know what I am talking about

Could anyone who knows comment on this?

zol
Kind Regards zol
  • #2,203
  • Jul 3, 2009 5:33am Jul 3, 2009 5:33am
Specifically:

The last highlighted bar.
It's position.
It's volume.
The No-Demand that occurred before it (was it a valid No-Demand with the buyers coming in a few bars prior??)


Regards,

Magnus[/quote]

Forget to add, that I believe that your strength in the background could not overcome that easily with a no demand. What say you?
Kind Regards zol
  • #2,204
  • Jul 3, 2009 6:00am Jul 3, 2009 6:00am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting zoli
Mangus,

that seems to me a hidden Test I read about recently (Wonder if I got it right). The criteria would be:

1. area is previous high volume strength - you got it

2. You have a down bar on healthy volume with wide spread

3. than right after that you have an up bar, which started on the lows but ended up on the high, the close must be higher than previous low but not higher than previous high, the volume should be lower than on the previous bar - you have almost like this, just the V not as low as in the text book.

Similar to this pattern...

Quoting zoli
Forget to add, that I believe that your strength in the background could not overcome that easily with a no demand. What say you?

Ah, hidden test... Cool, it seemed valid, but could not quite place it.

Thanks zol.

Yeah, I am always looking for No-Supply when buyers are coming in; and No-Demand when sellers are coming in.


Cheers,

Magnus
  • #2,205
  • Jul 3, 2009 6:31am Jul 3, 2009 6:31am
Quoting Yuppie
Dear VSA-devotees...

I would most welcome your thoughts on the attached chart.


Specifically:

The last highlighted bar.
It's position.
It's volume.
The No-Demand that occurred before it (was it a valid No-Demand with the buyers coming in a few bars prior??)


Regards,

Magnus
Last bar:

Price retested high volume price, demand excided supply
The No-Demand that occurred before it did not have any effect on what happend at last bar...
The Market pays you to be disciplined
  • #2,206
  • Jul 3, 2009 12:00pm Jul 3, 2009 12:00pm
Yuppie,

I'm not an expert either, but what I notice is the difference between the volume on the last two bars you highlighted. Basically, the previous highlighted bar had really high volume, and the last bar marked went down into the same (previous high volume) area, and didn't need as much volume to come up and close on the highs.

This means that there are less sellers (supply) than before, so that would be a sign it's going up to me.

Hope this helps a little. Keep at it! I'm on my 4th read of MTM and I feel like I'm just now starting to get a better feel for it.
  • #2,207
  • Jul 3, 2009 12:52pm Jul 3, 2009 12:52pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Cbh123
Yuppie,

I'm not an expert either, but what I notice is the difference between the volume on the last two bars you highlighted....

Yeah, I would agree with that. Not as many sellers.

Taking into account the other bars on a more macro-scale that the buyers were not convinced that all the sellers had gone and wanted to make sure they had soaked up any further potential sellers.


Magnus


p.s. the VSA resource that has helped me more than any other so far is the VSA threads on Traders Laboratory.
  • #2,208
  • Jul 3, 2009 12:54pm Jul 3, 2009 12:54pm
hi,

is anybody familiar with MB trading ?

looked at the chart today and saw several spikes on eurusd...what's up with that ? are they legit ?

can anybody give a comment about it ? thanks a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: MBT spikes.jpg Size: 64 KB
  • #2,209
  • Jul 3, 2009 2:22pm Jul 3, 2009 2:22pm
Quoting lumesh
hi,

is anybody familiar with MB trading ?

looked at the chart today and saw several spikes on eurusd...what's up with that ? are they legit ?

can anybody give a comment about it ? thanks a lot.
I do not have these at all. There is something not right. I thought this is a good kind of broker with ECN connection. Weird.
Kind Regards zol
  • #2,210
  • Jul 3, 2009 4:24pm Jul 3, 2009 4:24pm
Guys if there is anybody who can sand me that complete book...

I have but it all looks to me that it is just a part..

Please

I would appreciate it..

Regards
Work smart not hard
  • #2,211
  • Jul 3, 2009 8:06pm Jul 3, 2009 8:06pm
Quoting sony
Guys if there is anybody who can sand me that complete book...

I have but it all looks to me that it is just a part..

Please

I would appreciate it..

Regards
It is in post #1
The Market pays you to be disciplined
  • #2,212
  • Jul 3, 2009 8:50pm Jul 3, 2009 8:50pm
Quoting zoli
Mangus,

that seems to me a hidden Test I read about recently (Wonder if I got it right). The criteria would be:

1. area is previous high volume strength - you got it

2. You have a down bar on healthy volume with wide spread

3. than right after that you have an up bar, which started on the lows but ended up on the high, the close must be higher than previous low but not higher than previous high, the volume should be lower than on the previous bar - you have almost like this, just the V not as low as in the text book.

Similar to this pattern...

I've just finished William's book and do not remember he mentioned 'hidden test'. I tried to search in the pdf but still can't find it.
  • #2,213
  • Jul 4, 2009 3:39am Jul 4, 2009 3:39am
Quoting mima
It is in post #1
Ok if it is that from the first post i have it complete

Thanks a lot

Cao
Work smart not hard
  • #2,214
  • Jul 4, 2009 5:01am Jul 4, 2009 5:01am
I've just finished William's book and do not remember he mentioned 'hidden test'. I tried to search in the pdf but still can't find it.[/quote]

Sorry, my mistake. I did not read it but seen on some seminar and took note of it. Another set up to spot test of supply after sign of strength (buyres coming in) but not as good as the classic test, low volume narrow spread down bar into previous high volume low area closing on the highs.
Kind Regards zol
  • #2,215
  • Jul 4, 2009 11:21am Jul 4, 2009 11:21am
Quoting zoli

Sorry, my mistake. I did not read it but seen on some seminar and took note of it. Another set up to spot test of supply after sign of strength (buyres coming in) but not as good as the classic test, low volume narrow spread down bar into previous high volume low area closing on the highs.
Sounds interesting! Could you post a link to the seminar?


Off: Nem Te vagy veletlenul Briian a devizatozsde blogrol?
  • #2,216
  • Jul 4, 2009 5:36pm Jul 4, 2009 5:36pm
Quoting lumesh
hi,

is anybody familiar with MB trading ?

looked at the chart today and saw several spikes on eurusd...what's up with that ? are they legit ?

can anybody give a comment about it ? thanks a lot.
the phrase shakeout comes to mind....
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  • #2,217
  • Jul 5, 2009 4:17am Jul 5, 2009 4:17am
Quoting zoli
I do not have these at all. There is something not right. I thought this is a good kind of broker with ECN connection. Weird.

[/quote] the phrase shakeout comes to mind.... [/quote]


thanks for your answers...i found same issues on other threads also...it appears that this happens on a demo account chart (yes, i showed a demo account chart), something with the historical data load error...those supposedly shouldn't happen on a live account...(probably that's why they call their charting - beta)


in VSA terms i doubt this can be related to as a shakeout...
  • #2,218
  • Jul 5, 2009 4:26am Jul 5, 2009 4:26am
"You have a down bar on healthy volume with wide spread

3. than right after that you have an up bar, which started on the lows but ended up on the high, the close must be higher than previous low but not higher than previous high, the volume should be lower than on the previous bar - you have almost like this, just the V not as low as in the text book. "

Thsi sounds very similar to the candelstick pattern 'tweezer' (~I am sure there is another name for it).
  • #2,219
  • Jul 5, 2009 4:37am Jul 5, 2009 4:37am
Quoting MartinFx
Sounds interesting! Could you post a link to the seminar?


Off: Nem Te vagy veletlenul Briian a devizatozsde blogrol?
Martinfx: slovak ?
try on youtube.com search for string "tradeguider" you will get lot of videos and webinars too about vsa
  • #2,220
  • Jul 5, 2009 3:54pm Jul 5, 2009 3:54pm
Quoting MartinFx
Sounds interesting! Could you post a link to the seminar?


Off: Nem Te vagy veletlenul Briian a devizatozsde blogrol?
Sorry, I really do not have the link and it may have been a customer only seminar. Dont remember which, I keep watching them all I like them that much.

On: I do not know Briian, I have never been him I am zol and only zol. By the way, I was named zol by Malcolmb and it sounds kind of fun and different than general zoli so I will just stick to that.

Good luck for the trades the next week!
Kind Regards zol
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