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Trade Using VSA (Volume Spread Analysis)

  • #2,421
  • Jul 27, 2009 1:24am Jul 27, 2009 1:24am
Quoting daffy
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...
Thanks daffy I appreciate the comments.
  • #2,422
  • Jul 27, 2009 2:53am Jul 27, 2009 2:53am
Is this a valid entry? Any comments? Did i miss anything?
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.jpg Size: 179 KB
  • #2,423
  • Jul 27, 2009 3:23am Jul 27, 2009 3:23am
Ok so I posted that 1H GU chart yesterday to point out how price reacts to previous areas of high volume trading. VSA helps to show you when a move might occur and market profile can help show you where.

As you can see I already had the 6520 level drawn in on my hourly chart as the resistance line closest to the previous POC area from Thursdays days trading.

Look on todays 5m chart you can see how price was stuggeling to make ground this morning and there was plenty of selling as it moved up. So you should be looking to go short.
It hit the 6520 level with a 2 pip draw down and is now + 80.

It has now found support at Fridays POC level (a good place for a take profit target area).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU1h.JPG Size: 140 KB
Click to Enlarge Name: GU5m.JPG Size: 143 KB
Boxing clever since 76.
  • #2,424
  • Jul 27, 2009 3:46am Jul 27, 2009 3:46am
70 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GJ2.JPG Size: 145 KB
Boxing clever since 76.
  • #2,425
  • Jul 27, 2009 4:21am Jul 27, 2009 4:21am
Here we have VSA, MP and S&R all in action.

Low volume test of the support line at 6436 which is also the POC area from Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: GU5m.JPG Size: 106 KB
Boxing clever since 76.
  • #2,426
  • Jul 27, 2009 5:03am Jul 27, 2009 5:03am
Quoting malcolmb14
lol ... some guys are so close mided to new ideas ...

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

Attachment
Hi Malcomb

Sorry to ask, but where did you find the better volume indicator for esignal? I would love to have it also.

best regards
  • #2,427
  • Jul 27, 2009 7:25am Jul 27, 2009 7:25am
Quoting tecno
Hi Malcomb

Sorry to ask, but where did you find the better volume indicator for esignal? I would love to have it also.

best regards

had a guy programme it for me
Blogging daily now at www.volume.zone
  • #2,428
  • Jul 27, 2009 9:11am Jul 27, 2009 9:11am
Quoting malcolmb14
had a guy programme it for me
Hi

Thx for fast answer. is it possible to buy it from him?

regards
  • #2,429
  • Jul 27, 2009 12:43pm Jul 27, 2009 12:43pm
AUD/USD today.

42 pips from Support at 8180 which was the also in the POC area from Thursday or around 30 pips from the break of the Reverse Upthrust.

Best RUT (pin bars) to trade are the ones that react to a Support or Resistance level on high volume.

Fairly risk free trade with the major trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU1H.JPG Size: 142 KB
Click to Enlarge Name: AU.JPG Size: 116 KB
Boxing clever since 76.
  • #2,430
  • Jul 27, 2009 1:06pm Jul 27, 2009 1:06pm
Quoting copi88
AUD/USD today.

42 pips from Support at 8180 which was the also in the POC area from Thursday or around 30 pips from the break of the Reverse Upthrust.

Best RUT (pin bars) to trade are the ones that react to a Support or Resistance level on high volume.

Fairly risk free trade with the major trend.
Please can you show me where i can get that indy and some manuals how i can use it..

I found something but it is not clear to me...

Maybe just few exact senteces about it where when and how...

Thanks in advance

Regards
Predrag
Work smart not hard
  • #2,431
  • Jul 27, 2009 1:33pm Jul 27, 2009 1:33pm
Quoting A-game
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.
the DOW-stock market index--
I don't think its doing anything special that the forex market doesn't do
on a regular basis--Yes?
Attached Image (click to enlarge)
Click to Enlarge Name: dowj.gif Size: 50 KB
  • #2,432
  • Jul 27, 2009 4:14pm Jul 27, 2009 4:14pm
Quoting taomql4
the DOW-stock market index--
I don't think its doing anything special that the forex market doesn't do
on a regular basis--Yes?
Geez that chart burnt my eyes!

Yeah basic SnR
  • #2,433
  • Jul 27, 2009 10:37pm Jul 27, 2009 10:37pm
Quoting Porkpie
Geez that chart burnt my eyes!

Yeah basic SnR
i trade in the dark
  • #2,434
  • Jul 28, 2009 12:57am Jul 28, 2009 12:57am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting taomql4
i trade in the dark

Really?... I thought you used VSA?...
  • #2,435
  • Jul 28, 2009 2:59am Jul 28, 2009 2:59am
For everyone that is looking for a guide to help speed the learning curve, I made this "Tg Indicators Guide". I could not find anything on the web that was a basic guide (just a compilation of the indicators with screenshots), so I made it myself. I believe this will be a great help to everyone still learning.

I don't think there are anymore mistakes, but if you find any please pm me, I would like to correct them.

Here's the link,

Download TG Indicators Guide v1.01.pdf

capt1mc
Learning is the #2 fundamental in life, taking action is #1!
  • #2,436
  • Jul 28, 2009 3:27am Jul 28, 2009 3:27am
Quoting sony
Please can you show me where i can get that indy and some manuals how i can use it..

I found something but it is not clear to me...

Maybe just few exact senteces about it where when and how...

Thanks in advance

Regards
Predrag
Just look for a support or resistance level that is close to the POC (10-20 pips) and watch price action as it approaches the line.
Say you have price going down to a support line and you see strength coming in you can be fairly certain that the support line will hold and you can either place your entry on the line for wait for further confirmation if you are less aggressive.
Attached File(s)
File Type: ex4 market profile.ex4   7 KB | 721 downloads
Boxing clever since 76.
  • #2,437
  • Jul 28, 2009 3:59am Jul 28, 2009 3:59am
Quoting copi88
Just look for a support or resistance level that is close to the POC (10-20 pips) and watch price action as it approaches the line.
Say you have price going down to a support line and you see strength coming in you can be fairly certain that the support line will hold and you can either place your entry on the line for wait for further confirmation if you are less aggressive.

This looks nice..it sometimes hit almost in a pip..

Please tell me wich TF you are using for it..

I checked 5 and 15 min..and i trade sometimes eurusd but mainly gbpjpy and eurjpy and gbpusd...

Regards
Work smart not hard
  • #2,438
  • Jul 28, 2009 4:05am Jul 28, 2009 4:05am
Look at this...This is almost in a pip as i can see...

Or i dont understand it...?!

When we get that POB?

On the begining of the day?

It realy looks prety!
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 22 KB
Work smart not hard
  • #2,439
  • Jul 28, 2009 4:05am Jul 28, 2009 4:05am
Capt1MC your training PDF looks to be very informative and helpful thanks for the great effort
  • #2,440
  • Jul 28, 2009 4:21am Jul 28, 2009 4:21am
Quoting sony
Look at this...This is almost in a pip as i can see...

Or i dont understand it...?!

When we get that POB?

On the begining of the day?

It realy looks prety!
I dont know why the level is not drawn in automatically on your chart. Sorry
Boxing clever since 76.
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