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Trade Using VSA (Volume Spread Analysis)

  • #2,261
  • Jul 8, 2009 10:13pm Jul 8, 2009 10:13pm
Thanks Chief! I'll give it a try
  • #2,262
  • Jul 9, 2009 5:04am Jul 9, 2009 5:04am
Quoting chief1oar
Response to the VSA Teacher Volume Indicator that I posted was so well received, I decided to add some enhancements to make it more functional over the last couple of weeks. It is now tested and ready for use.

Sincerely,
Chief
Hi Chief

Nice work
Like to point this: http://www.amibroker.com/library/formula.php?id=382

It shows Volume under specific price conditions. Basic stuff too, but very enlightening. With yr programming skills its a breeze..

Dutchy
(Easylanguage programmer, check Eminiwatch.com site for the Better Volume version in PRT code)
  • #2,263
  • Jul 9, 2009 5:13am Jul 9, 2009 5:13am
Hi, everyone.
I was pointed towards this thread a few days ago from this thread. http://www.forexfactory.com/showthread.php?t=121761

I liked what was being said in post 1 so I quickly downloaded the indicator set and got a chart up so I could visualize what I was reading.

It was at this point that something just leapt out at me on the H4 chart.
On the better volume window below the chart, if the close of the bar was green then it went north within a bar or 2 and likewise red and it went south within a bar or 2.

Don't get me wrong, I don't want to reduce this tecnique to monkey see monkey do, but it just leapt out at me.

See for yourself, it was on IBFX demo account with the .zip from post 1 on H4 chart, nothing changed just as the template brings it up.

I tried it on alpari uk also, at midday yesterday was a green, now up 135 pips on this surge.
  • #2,264
  • Jul 9, 2009 5:41am Jul 9, 2009 5:41am
Quoting malcolmb14
something really odd about todays move. .....

remember vsa is about background you missed this bar about 1.5 hrs before drop on 15min

Attachment
What is the signifigance of that bar. Why is it different than the other low spread up bars the couldn't break that MML that came before it?
  • #2,265
  • Jul 9, 2009 5:46am Jul 9, 2009 5:46am
is there a way to create in metatrader a indicator that displays volume sideways ?
Not on the bar , but on the price..
  • #2,266
  • Jul 9, 2009 8:36am Jul 9, 2009 8:36am
Quoting Crownj
What is the signifigance of that bar. Why is it different than the other low spread up bars the couldn't break that MML that came before it?
I think what Mal meant was:
The difference is it's a low spread up bar, with extra high volume - with that kind of volume, if price couldn't move up... it had to be sellers.
  • #2,267
  • Jul 9, 2009 8:54am Jul 9, 2009 8:54am
Quoting ShamusFamous
After spending a bunch of days working on the VSA system... wham... A beautiful trade on EJ. 150ish pips from first entry. 100ish from second. Textbook VSA.

EDIT: I inadvertantly posted screenshot from system rather than normal chart... LOL Not ready for the World to see it just yet.

Here's the slightly less exciting version...

http://content.screencast.com/users/...07-08_2157.png

shucks!!! would have liked to have seen the more exciting version
  • #2,268
  • Jul 9, 2009 10:42am Jul 9, 2009 10:42am
Shamus Famous,

I just want to say how exciting on your project, thankyou for your generosity, I think it is something that would really help my VSA skills grow.
  • #2,269
  • Edited 12:10pm Jul 9, 2009 11:54am | Edited 12:10pm
My Hero---

Inserted Video
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gyaccu.breakout3.gif Size: 68 KB
Click to Enlarge Name: gyaccu.breakout..gif Size: 69 KB
  • #2,270
  • Jul 9, 2009 1:09pm Jul 9, 2009 1:09pm
Quoting taomql4
My Hero---

http://www.youtube.com/watch?v=6jwEwlZnSFY
I like this post taomql4, congratulation. Could you please describe the set up with a bit more detail?

I presume one trade was after the test of supply following an effort.

I am more curious on the first 2 trades however. What was the clue to take those? I saw you took them without confirmation bar. What made you certain of the good trade?

thx

zol
Kind Regards zol
  • #2,271
  • Edited 3:55pm Jul 9, 2009 2:58pm | Edited 3:55pm
Quoting zoli
I like this post taomql4, congratulation. Could you please describe the set up with a bit more detail?

I presume one trade was after the test of supply following an effort.

I am more curious on the first 2 trades however. What was the clue to take those? I saw you took them without confirmation bar. What made you certain of the good trade?

thx

zol
didn't really arrange the charts well-sorry 'bout that.

ON the last chart--you can clearly see the stop.vol
on the 15 min chart(2nd dip-testing the lows),there
was a no supply bar on the 5 min charts,thats where
i should have taken my first buy, but i missed it probably watching
other currencies, so i waited for a breakout of the accu. zone

Took the first buy(NS-bar--hint on breakout),then i think i took
another buy on a smaller timeframe(greed)

ON the first posted chart--that was just the usual 50% correction
back towards the accumulation zone after a breakout just
before the THRUST(markup),there you have my buys under
it(knowing it was just a correction...no sweat on my part--i stayed)
-- strenght in background)

the last buy was from the NO supply bar the 5 min chart--low vol.
test on the 15 min chart...
  • #2,272
  • Edited 3:31pm Jul 9, 2009 3:07pm | Edited 3:31pm
Mal, Lots of traders are now on the TV tubes
calling for a drop in the DOW to 6500--oh oh..lol

i think you made the same call sometime ago..

Am not really watching the DOW.J --but do you see
a follow through on that call---or all the noise is now
going to kill that trade....

i don't really want to see it fall that far--the media is
going nuts already-the world is about to blow up---we need
yet another government intervention ....well blow up
this---
Attached Image
  • #2,273
  • Jul 9, 2009 4:00pm Jul 9, 2009 4:00pm
yea..DOW up 4 points....lol...
  • #2,274
  • Jul 9, 2009 5:00pm Jul 9, 2009 5:00pm
Quoting taomql4
Mal, Lots of traders are now on the TV tubes
calling for a drop in the DOW to 6500--oh oh..lol

i think you made the same call sometime ago..

Am not really watching the DOW.J --but do you see
a follow through on that call---or all the noise is now
going to kill that trade....

i don't really want to see it fall that far--the media is
going nuts already-the world is about to blow up---we need
yet another government intervention ....well blow up
this---
if the muppets are on the tv saying 6500 time to go long lol
Blogging daily now at www.volume.zone
  • #2,275
  • Jul 10, 2009 4:15pm Jul 10, 2009 4:15pm
For those of you that want to be able to practice (forward test in pseudo realtime) identifying setups on weekends or wish they could speed up charts on h1 so you don't have to wait hours for a setup to form while learning.... this is very helpful.

It's a trading simulator for metatrader and is fairly easy to setup and run.

Slap it on an fxcm demo, create a template for it with your standard chart template, set the speed to a comfortable level, and let it rip.

Thanks to the Mighty Wallst for letting me know about it.

Enjoy your weekend and I'll see you on Sunday for NZ.
Attached File(s)
File Type: zip Trading Simulator.zip   491 KB | 1,519 downloads
The trend always ends.
  • #2,276
  • Jul 10, 2009 11:49pm Jul 10, 2009 11:49pm
hi Shamus,

I've been studying VSA and have a question I hope you or the members on your forum can help me with.

A gray area for me is data feed. Since the feed for volume information is critical to properly use the system, I'd like to sign up for the right service.

I have been looking at Trade Station, eSignal, and CQG. Has anyone done a comparaive analysis of these? I was thinking, since a few traders here probably use at least one of these, it would be insightful to see what the volume information from each of these in the same time frame looks like.

I attended an online seminar about a month ago with Gavin and he had mentioned that they use a proprietary feed that is more accurate than the other data services for volume. So I was wondering how their service stacks up as well compared to the other data feed services.

If anyone has a suggestion how to figure this out (besides signing up for all the services and benchtesting them myself) I would greaty appreciate it.

Cheers,
John
  • #2,277
  • Jul 11, 2009 4:58am Jul 11, 2009 4:58am
Hello,

could please someone post GU 5 min chart with volume on it - fridays chart - from ~11am gmt - 4pm gmt 0

P.S.
Just at pc where is not possible to get chart, but want to ask some question.

Thank You.

Kind regards,
Tom
  • #2,278
  • Jul 11, 2009 6:15am Jul 11, 2009 6:15am
Quoting tfflyer
Hello,

could please someone post GU 5 min chart with volume on it - fridays chart - from ~11am gmt - 4pm gmt 0
Here you go - hope it serves the purpose.
(Ibfx demo 4 digit)
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 26 KB
  • #2,279
  • Jul 11, 2009 9:33am Jul 11, 2009 9:33am
Hello all,

please, take a look on my chart.

Please, suggest how You would done on this kind of trade - waiting for test, etc. and why ?

Thank You.

Kind regards,
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: gu - question.png Size: 20 KB
  • #2,280
  • Jul 11, 2009 10:43am Jul 11, 2009 10:43am
Quoting tfflyer
Hello all,

please, take a look on my chart.

Please, suggest how You would done on this kind of trade - waiting for test, etc. and why ?

Thank You.

Kind regards,
Tom
Hi Tom,

for me it would be major problem to go long (or short) only after an RUT. The RUT needs to be in the correct and telling bar arrangement, background I mean, and that makes it RUT. I read that only to see a low volume up bar does not mean no demand just like that. It is the background what makes it no demand. The same true to the RUT.

The post shows where your attention was and it was on the RUT looking bar.
Even to discuss what was wrong (believe me I am usually wrong ) we need the background history, that is missing from your post totally. You make your decisions based on background analysis and not on individual bars.

I had a look at that chart area and I saw weakness and was short - funny enough I was late, as usual, and got stopped out in 6 profit on the bar you went long on. There is a down trend developed from a TR looking like thing since 6379 level with lower highs, lower lows and it broke through a support line around 6253 on not heavy Volume but you had all the background to confirm that you were in a down trend. There were no strong signs of the absolute end of it so you actually bought into a bearish market.

A new ranging area developed after this actually, let us see what it is.

Bottom line, do not make the same mistakes as I did (and still do damn me) read an area of the chart also the higher TF and not only a bar.

cheers
Kind Regards zol
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