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  • #2,381
  • Jul 23, 2009 2:03pm Jul 23, 2009 2:03pm
Quoting ewokuk
is there a timeframe that works best for vsa in forex? as far as I can see, higher timeframes are less useful due to the different timezones and sessions (obviously volume is always going to go up during london/ny overlap). I would guess the lower the timeframe the more obvious vsa signals are?

been trading 5min charts and failing miserably. dont know whether to go down to 1 or up haha
I use d1 for general direction, h1 for near term direction and m5 for scalp and entry points.
The trend always ends.
  • #2,382
  • Jul 23, 2009 3:01pm Jul 23, 2009 3:01pm
Quoting ewokuk
is there a timeframe that works best for vsa in forex? as far as I can see, higher timeframes are less useful due to the different timezones and sessions (obviously volume is always going to go up during london/ny overlap). I would guess the lower the timeframe the more obvious vsa signals are?

been trading 5min charts and failing miserably. dont know whether to go down to 1 or up haha
I use 15 minutes for bigger picture/confirmation and 5 minute for entry/exit/scalping.

Perhaps you should post up some charts with the trades that didn't work out for you.
  • #2,383
  • Jul 23, 2009 3:32pm Jul 23, 2009 3:32pm
Quoting ewokuk
is there a timeframe that works best for vsa in forex? as far as I can see, higher timeframes are less useful due to the different timezones and sessions (obviously volume is always going to go up during london/ny overlap). I would guess the lower the timeframe the more obvious vsa signals are?

been trading 5min charts and failing miserably. dont know whether to go down to 1 or up haha
Hour bars are the highest universal candles (unless you've got a broker that starts and stops their bars on the 30s instead of 00s, which I've never seen but it's possible I guess), so I imagine the efficiency and accuracy goes down after that slightly (especially in regards to candlestick formations, look at different brokers and the same 4H bar could be two completely different candle formations while they are still forming).

However I have found that for reading the background, 4H and above can still give you OK readings sometimes (personally don't like them but I look at them anyways), but definitely be wary of your entry when you use these timeframes.

As for myself, I use a 1H | 15/5m setup (switch between the 15 and 5) for each pair, with a daily chart for additional analysis.

Honestly I know number of people have said it and keep saying it, but keep re-reading Master the Markets when you seem to have trouble or stall out a little bit. If you were studying for a test that you are going to be given every day (or however often you trade) would you only give the book one quick read through?
  • #2,384
  • Jul 24, 2009 5:26am Jul 24, 2009 5:26am
Quoting Shamus
Malcolmb...

That guy (pipsrforkids) is nyse. He got Infractions Overload, banned, and sig deleted (link)

Someone in the chat said he was trying to charge 299.00 for mentorship! through his sig link.

I posted a video just for mr malcolm so he can see for himself that i actually know what I'm doing! cheers

Inserted Video
  • #2,385
  • Jul 24, 2009 7:32am Jul 24, 2009 7:32am
gone back to the original account now I see?
  • #2,386
  • Jul 24, 2009 10:23am Jul 24, 2009 10:23am
Quoting nyse1982
I posted a video just for mr malcolm so he can see for himself that i actually know what I'm doing! cheers

http://www.youtube.com/watch?v=eJFI-X6HRAM
no since you must know, pipsr4kids is someone i worked and showed vsa. I have no control of what he does, I work for a cruise company so 4 months out the year, I'm not even here..So apparently, when i get back I decided to start trading and I hear ppl apparently unhappy with that I want to do that. I joined this forum b/c I thought other traders help support and build each other up yet i come back to find ppl degrading and speaking badly

Makes me wonder,especially since I never really intended that,if you have ideas and thoughts about trading then that's fine but no need to downgrade someone else b/c they interpret things differently.Whatever,things upset anyone honestly my apologizes but I actually got inspired from other traders to start what i did in the first place.
  • #2,387
  • Jul 24, 2009 11:53am Jul 24, 2009 11:53am
Quoting nyse1982
no since you must know, pipsr4kids is someone i worked and showed vsa. I have no control of what he does, I work for a cruise company so 4 months out the year, I'm not even here..So apparently, when i get back I decided to start trading and I hear ppl apparently unhappy with that I want to do that. I joined this forum b/c I thought other traders help support and build each other up yet i come back to find ppl degrading and speaking badly
So you both are from NY, born in the same year, share an email address and use the same templates but are different people ?

Sorry just trying to understand.
Boxing clever since 76.
  • #2,388
  • Jul 24, 2009 12:45pm Jul 24, 2009 12:45pm
Quoting copi88
So you both are from NY, born in the same year, share an email address and use the same templates but are different people ?

Sorry just trying to understand.
http://i27.tinypic.com/2j2yddx.jpg
  • #2,389
  • Jul 24, 2009 1:07pm Jul 24, 2009 1:07pm
I find one site that use interesting strategy base on price ,key levels and custom volume indicators.
No one have esperience whit them?
www.kwikpop.com
  • #2,390
  • Jul 25, 2009 4:37am Jul 25, 2009 4:37am
Quoting copi88
So you both are from NY, born in the same year, share an email address and use the same templates but are different people ?

Sorry just trying to understand.
Some people are so miss-trusting of others ... I just cant work it out
  • #2,391
  • Jul 25, 2009 4:42am Jul 25, 2009 4:42am
Quoting Shamus
The first one was a Classic Mount Fuji Fakeout! Sorry couldn't resist... they were news candles in any case so you should avoid reading too much into those times... from our work in the chat we find that VSA often prepositions for news so if a major news announcement is coming look for some clear signals ahead of the news.
My vsa knowledge is scary so I'll limit myself in what I say in the hope that those that know better can comment.

Gu 1 hr big hammer 22 July on high vol pre UK mpc minutes, certainly suggests a move up. surely there'd be few takers on market moving down after a 1 hr high vol hammer?

23 July another high vol hammer pre US news.

I'm a firm believer in following what the 1 hr chart is doing.

Question is are there any vsa traders with more knowledge than I (not difficult that one) prepared to weigh in a little more regularly with 1 hr charts and comment to help us all learn. Maybe gu, ej and gj?

Oh yes once 1 hr has set up like these I normally look for higher lows/lower highs for entry or bounces off key levels.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1 hr.gif Size: 17 KB
  • #2,392
  • Jul 25, 2009 5:45am Jul 25, 2009 5:45am
http://www.traderschoicefx.com/trade...e-esignal.html

They claim to offer a free esignal package if you subscribe through them. Esignal charge over 150$ for their forex package and they give it out for free. Is this legit?
  • #2,393
  • Jul 25, 2009 6:04am Jul 25, 2009 6:04am
Quoting MartinFx
http://www.traderschoicefx.com/trade...e-esignal.html

They claim to offer a free esignal package if you subscribe through them. Esignal charge over 150$ for their forex package and they give it out for free. Is this legit?
Yes it is legit. But you only get the Gain Capital (forex.com) contributor feed, not the full list found here.

Edit: forex.com offer the same deal when you fund an account with $1,000 (could even be $2,000, I'm not sure about that).

http://www.forex.com/forex_charting_advancedget.html
  • #2,394
  • Edited 7:38am Jul 25, 2009 6:57am | Edited 7:38am
Quoting Vantage
My vsa knowledge is scary so I'll limit myself in what I say in the hope that those that know better can comment.

Gu 1 hr big hammer 22 July on high vol pre UK mpc minutes, certainly suggests a move up. surely there'd be few takers on market moving down after a 1 hr high vol hammer?

23 July another high vol hammer pre US news.

I'm a firm believer in following what the 1 hr chart is doing.

Question is are there any vsa traders with more knowledge than I (not difficult that one) prepared to weigh in a little more regularly with 1 hr charts...
I don't actually trade the hourly with vsa, I'll look for candlestick formations to determine general direction. I usually trade the 5/15 minute charts. I'm still very much in the newbie phase on learning vsa, but I'll take a shot at making some observations on your chart.

A/ 3 down bars with lower wicks, culminating in a reverse upthrust on increasing volume suggests we are getting buying interest. An aggressive entry could be right after the reverse upthrust (RUT).

B/ Down bar on lower volume. Test?

C/ Up bar closing in the middle on higher volume than last two bars - soem supply creeping into the market, take profit or close position and wait for a new opportunity.

D/ RUT/shakeout on higher vol, new entry.

E/ Hidden test.

F/ Supply coming in

F-G/ Decreasing volume, yes, but this pattern is standard for this time of day, so we have to take it in context.

G/ Test at previous supply C.

H/ Supply coming in at previous supply F, followed by a test (I think).

I/ Moving up, but we are seeing upper wicks and on increasing volume, hidden selling perhaps.

J/ These candles appear to be forming a base, we then have a shakeout.

K/ Interesting area here, second up bar closing in the middle is on lower volume (i think, not sure I got the vol/candles line up correct), next bar is a down bar on lower volume and also closes in the middle. Weakness

L/ up bar on lower volume (lack of demand interest), followed by a small up thrust like bar (another opportunity to get in short).

Another thing to give you confidence about shorting around K/L would be the background of 6550-6600 area, it contains recent highs, and there's a bucket load of resistance to go higher at this point as observed by previous action in this area.

Obviously this is all in hindsight, so I may just be picking what I want to see.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 1 hr.gif Size: 17 KB
  • #2,395
  • Jul 25, 2009 8:00am Jul 25, 2009 8:00am
Quoting Vantage
My vsa knowledge is scary so I'll limit myself in what I say in the hope that those that know better can comment.

Gu 1 hr big hammer 22 July on high vol pre UK mpc minutes, certainly suggests a move up. surely there'd be few takers on market moving down after a 1 hr high vol hammer?

23 July another high vol hammer pre US news.

I'm a firm believer in following what the 1 hr chart is doing.
I like to use 1h charts for direction and to draw in my levels of Support and Resistance as they are the highest universal TF. I will then trade off the lower TF and use VSA for entries as price approaches these levels.
Using VSA in conjunction with S&R will result in the high probibility trades.

I will also buy/sell the break of RUTs or UT's (Pin Bars) on the hour timeframe if they have reacted to a Support or Resistance area or Point of Control (POC) areas shown by market profile.

See how the RUTs and UT's bounce off a previous POC areas (see the shaded areas) from previous days trading. RUTs that react to these levels tend to work out far better. Find the support or resistance level close to these areas for the area that price will mostly likely react.
Attached Image (click to enlarge)
Click to Enlarge Name: GU1h.jpg Size: 172 KB
Boxing clever since 76.
  • #2,396
  • Jul 25, 2009 9:32am Jul 25, 2009 9:32am
Quoting TwoBuckChuck
Yes it is legit. But you only get the Gain Capital (forex.com) contributor feed, not the full list found here.

Edit: forex.com offer the same deal when you fund an account with $1,000 (could even be $2,000, I'm not sure about that).

http://www.forex.com/forex_charting_advancedget.html
So we still need to pay for it, or go with the FXCM's offer, 100 lot/month.
  • #2,397
  • Jul 25, 2009 9:34am Jul 25, 2009 9:34am
Quoting copi88
I like to use 1h charts for direction and to draw in my levels of Support and Resistance as they are the highest universal TF. I will then trade off the lower TF and use VSA for entries as price approaches these levels.
Using VSA in conjunction with S&R will result in the high probibility trades.

I will also buy/sell the break of RUTs or UT's (Pin Bars) on the hour timeframe if they have reacted to a Support or Resistance area or Point of Control (POC) areas shown by market profile.

[color=black][font=Verdana]See...
I've just started to play with Market Profile. I see you painted those clusters at the midpoints. What's the use of them? How is it calculated?
  • #2,398
  • Jul 25, 2009 10:58am Jul 25, 2009 10:58am
Quoting MartinFx
I've just started to play with Market Profile. I see you painted those clusters at the midpoints. What's the use of them? How is it calculated?
Here is a PDF on the subject.

I dont take too much notice of it. Just like to find the S&R areas around the POC level as this is a likely area that price will either head too or react to once there.
Attached File(s)
File Type: pdf Market_Profile_Basics.pdf   471 KB | 1,739 downloads
Boxing clever since 76.
  • #2,399
  • Jul 25, 2009 12:07pm Jul 25, 2009 12:07pm
Quote
I like to use 1h charts for direction and to draw in my levels of Support and Resistance as they are the highest universal TF. I will then trade off the lower TF and use VSA for entries as price approaches these levels.
Using VSA in conjunction with S&R will result in the high probibility trades.

I will also buy/sell the break of RUTs or UT's (Pin Bars) on the hour timeframe if they have reacted to a Support or Resistance area or Point of Control (POC) areas shown by market profile.

[color=black][font=Verdana]See...
I agree, I've been learning and using market profile to see the background and finding the high volume areas from the previous days. Along with using VSA I have been finding lots of trades can be safely taken from these previous areas of support and resistance.
  • #2,400
  • Jul 25, 2009 3:02pm Jul 25, 2009 3:02pm
Quoting copi88
I like to use 1h charts for direction and to draw in my levels of Support and Resistance as they are the highest universal TF. I will then trade off the lower TF and use VSA for entries as price approaches these levels.
Using VSA in conjunction with S&R will result in the high probibility trades.

I will also buy/sell the break of RUTs or UT's (Pin Bars) on the hour timeframe if they have reacted to a Support or Resistance area or Point of Control (POC) areas shown by market......

The 3 colors show the Asian (olive), European (blue) & US (red) sessions.
Also, it will draw the S/R areas on the chart for you.
It might save you some time.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 36 KB
Attached File(s)
File Type: mq4 marketprofile_pob.mq4   5 KB | 561 downloads
I trade what I see on my charts. Do Not listen to the Muppets.
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