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Trade Using VSA (Volume Spread Analysis)

  • #2,401
  • Edited 6:46pm Jul 25, 2009 5:35pm | Edited 6:46pm
Quoting MartinFx
So we still need to pay for it, or go with the FXCM's offer, 100 lot/month.
To get the full contributor feed, yes, you will have to pay for the web based livecharts ($19.95) or the esignal platform ($125) and the GTIS forex feed (an extra $50 - $33 for livecharts).

Or yes, the topgun offer which only gives you the GTIS forex feed for their topgun platform (does not include the esignal platform itself). It's still the full GTIS forex feed with all the contributors.

Here's the email I received from topgun:

"The $100 Esignal feed that FXCM covers is data feed only. No Esignal Charting. FXCM deducts the $100 from your trading account when the minimum trades are not met."
  • #2,402
  • Jul 25, 2009 6:37pm Jul 25, 2009 6:37pm
Quoting Vanhook2
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.
Nice, thanks for that.

I have made some additional changes. This indicator will remove all horizontal lines and rectangles on the chart. Even if it did not create them (grrrrrrr).

I have fixed that problem and added some custom settings so that all the colors and POC line style can be changed.
Attached File(s)
File Type: mq4 marketprofile_pob.mq4   7 KB | 744 downloads
  • #2,403
  • Jul 26, 2009 5:21am Jul 26, 2009 5:21am
Ohh maaans.
this thread is about VSA not Market Profile
please lets keep it just on VSA. not with others stuff.
then its mess when you look on some post and you see market profile and not VSA
  • #2,404
  • Jul 26, 2009 5:57am Jul 26, 2009 5:57am
Quoting TwoBuckChuck
Nice, thanks for that.

I have made some additional changes. This indicator will remove all horizontal lines and rectangles on the chart. Even if it did not create them (grrrrrrr).

I have fixed that problem and added some custom settings so that all the colors and POC line style can be changed.

Thanks for your update to the indicator, I'm sure it is a much need improvement.

You rock,
I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,405
  • Jul 26, 2009 6:05am Jul 26, 2009 6:05am
Quoting adriann
Ohh maaans.
this thread is about VSA not Market Profile
please lets keep it just on VSA. not with others stuff.
then its mess when you look on some post and you see market profile and not VSA
True, if you ONLY use VSA.
But, this thread uses support and resistance also.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,406
  • Jul 26, 2009 8:34am Jul 26, 2009 8:34am
Quoting adriann
Ohh maaans.
this thread is about VSA not Market Profile
please lets keep it just on VSA. not with others stuff.
then its mess when you look on some post and you see market profile and not VSA
Tough titties.

I guess you won't be interested in the Volume Profile that I (or someone else) will most likely derive from this file then?
  • #2,407
  • Jul 26, 2009 9:26am Jul 26, 2009 9:26am
Ok I have read the master the markets book. While it seems like it may be good for stocks and shares, I still think it would be far less useful in forex, especially on larger timeframes purely because of the different sessions across a day.

Obviously volume will decrease in NY afternoon after london has closed, increase as tokyo comes online, increase again as london and tokyo overlap, drop off a bit as tokyo closes until ny opens. This means looking at the volume on a 1h and 4h chart are basically the same pattern every single day apart from the odd difference caused by some news event. Taking this into account i dont know how its possible to spot volume related activity in forex on those timeframes when the changes are basically due to different sessions and the odd news spike.

Also the book talks about news events as things that people say or things that get reported in the media, which may be or may not be true. Forex news events are largely based on numbers which are fact and not just opinion, so again it is very diffierent from various stocks and shares 'news' events which are subjective and not factual.

from what i can see there is the possibility for it to work in forex to some extent on lower timeframes 1,5, and maybe 15, providing you dont read too much into it during session changes, but even then you will see volume drop off in the ny afternoons, if price is rising as this happens, does it mean lack of demand? not necessarily , it means lazy traders have buggered off home early.

im struggling to see how it can work anything like the same way in forex. Obviously there are people that believe it can and THINK they are using it successfully, but are these people merely good traders regardless of trying to use VSA, rather than because of it? hmmmm
  • #2,408
  • Jul 26, 2009 9:31am Jul 26, 2009 9:31am
Quoting ewokuk
im struggling to see how it can work anything like the same way in forex. Obviously there are people that believe it can and THINK they are using it successfully, but are these people merely good traders regardless of trying to use VSA, rather than because of it? hmmmm
"Humans, Lehrer points out, are wired for prediction: Our ability to think ahead is such an extraordinary evolutionary advantage that when our decisions validate an apparently correct prediction, our brain's anterior cingulate cortex receives a pleasurable jolt of dopamine. It's also why we're predisposed to find patterns where there are none; we take random clusters in sports and believe they are "hot streaks," and schizophrenics and slot-machine addicts desperately seek patterns where none exists."

- "How We Decide" by Jonah Lehrer
  • #2,409
  • Jul 26, 2009 10:58am Jul 26, 2009 10:58am
Quoting ewokuk
blah blah blah I'm another person that thought I'd post what I *think* rather than use my brain and actually try to apply what I I've *learned* ....
There are some things that do not or cannot apply to forex... That's a given (ie accumulation) but if you look at a chart for true Upthrusts only for instance, you see it work time and ti...

On second thought you're right. VSA does not work in Forex.
The trend always ends.
  • #2,410
  • Jul 26, 2009 11:03am Jul 26, 2009 11:03am
Quoting Shamus
There are some things that do not or cannot apply to forex... That's a given (ie accumulation) but if you look at a chart for true Upthrusts only for instance, you see it work time and ti...

On second thought you're right. VSA does not work in Forex.
cool. lets close this thread then, nothing more to discuss.
  • #2,411
  • Jul 26, 2009 11:08am Jul 26, 2009 11:08am
dear oh dear oh me
  • #2,412
  • Jul 26, 2009 11:14am Jul 26, 2009 11:14am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Shamus
There are some things that do not or cannot apply to forex... That's a given (ie accumulation) but if you look at a chart for true Upthrusts only for instance, you see it work time and ti...

On second thought you're right. VSA does not work in Forex.

Shamus!

Don't feed the trolls!!

Honestly, don't respond to them or acknowledge them, even if they are right and volume does not work in forex and we're all kidding ourselves on...
  • #2,413
  • Jul 26, 2009 11:25am Jul 26, 2009 11:25am
Quoting ewokuk
from what i can see there is the possibility for it to work in forex to some extent on lower timeframes 1,5, and maybe 15, providing you dont read too much into it during session changes, ...

im struggling to see how it can work anything like the same way in forex. Obviously there are people that believe it can and THINK they are using it successfully, but are these people merely good traders regardless of trying to use VSA, rather than because of it? hmmmm
Obviously it's a bit more tricky to use it on higher TF, for the reasons you've pointed out... some can do it, though I can't.
I use higher TF only to look for direction, and trade according to it (I avoid trading against it, or do smaller trades if I do).
M15, M5 and M3 is where I apply vsa.

I only can compare what kind of trader I was before it, and now after it... and there's no possible comparison.
Even now, having returned to my daily job, not trading everyday and only in late London into NY close (the reason why I'm away from the chat room too)... I make less trades, but the % of profit trades and the profit factor are still pretty nice.

Just give it a try. Don't expect it to work immediately, as there's a lot to learn and assimilate. It took me a few weeks/month to get it right.
  • #2,414
  • Jul 26, 2009 11:30am Jul 26, 2009 11:30am
Quoting gbppip
"Humans, Lehrer points out, are wired for prediction: Our ability to think ahead is such an extraordinary evolutionary advantage that when our decisions validate an apparently correct prediction, our brain's anterior cingulate cortex receives a pleasurable jolt of dopamine. It's also why we're predisposed to find patterns where there are none; we take random clusters in sports and believe they are...
So would you also say that weather patterns that play out time and time again are too chaotic, and or too unpredictable, and or too random to extract anything meaningful from, or... don't exist?

Do you have a quote from someone for that?

While VSA may seem random to you... VSA patterns repeat themselves over and over throughout the day, this does not change.

The interpretation is hardly ambiguous... an upthrust is an upthrust is an upthrust, but... you're right, I've just been lucky.
The trend always ends.
  • #2,415
  • Jul 26, 2009 12:09pm Jul 26, 2009 12:09pm
Quoting Yuppie
Shamus!

Don't feed the trolls!!

Honestly, don't respond to them or acknowledge them, even if they are right and volume does not work in forex and we're all kidding ourselves on...
Yuppie, your TROLLS


Malcolmb's Muppets


My list grows & grows

Attached Images
I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,416
  • Jul 26, 2009 12:34pm Jul 26, 2009 12:34pm
lol ... some guys are so close mided to new ideas ...

here is 3 min chart that enabled me to rape GU friday

Attached Image (click to enlarge)
Click to Enlarge Name: chart94.png Size: 244 KB
Blogging daily now at www.volume.zone
  • #2,417
  • Jul 26, 2009 12:48pm Jul 26, 2009 12:48pm
Quoting ewokuk
Ok I have read the master the markets book....
dont border to use what does not work for ur strategy, trading is feed with all Kinds of strategy but all the same price action move them, what ever u use dont forget to include price action, volume is what someone use in forex to grow is acc..even i dont know mush about it but they still find it useful..trendline , fibo and priceaction is all i care about other indicator on my chart is just crab for other POV......so stick to 1 plan...plan ur trade and trade your plan =success..c ya
MY OPINION NOT FINANCIAL ADVISE
  • #2,418
  • Jul 26, 2009 1:02pm Jul 26, 2009 1:02pm
Just kidding ewokuk lol--but why do you think the stock market
is the only special place where accumulation and distribution
takes place?
  • #2,419
  • Jul 26, 2009 1:10pm Jul 26, 2009 1:10pm
Quoting ewokuk
Obviously there are people that believe it can and THINK they are using it successfully, but are these people merely good traders regardless of trying to use VSA, rather than because of it? hmmmm

you mean it doesn't work? after all this time....
Continuous periods of Total Misunderstanding followed by Complete Confusion
  • #2,420
  • Jul 27, 2009 12:01am Jul 27, 2009 12:01am
Quoting tonirai

I only can compare what kind of trader I was before it, and now after it... and there's no possible comparison.
I have to agree. Since reading MTM for the first time i havent had a losing day. My smallest profit day has been +15 and my best up near 200(since). So although some aspects of vsa cannot be applied in forex, the ones that can have allowed me to become a much more profitable trader.
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