Trade Using VSA (Volume Spread Analysis) | Page 125 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume Spread Analysis (VSA) and background 5 replies

Trading With VSA - Volatile Volume and Spread Analysis 9 replies

What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply

Volume Spread Analysis (VSA) and the EURUSD 3 replies

VSA Volume Spread Analysis: No demand and accumlation 2 replies

Attachments: Trade Using VSA (Volume Spread Analysis)
Exit Attachments

Trade Using VSA (Volume Spread Analysis)

  • #2,481
  • Jul 29, 2009 1:37pm Jul 29, 2009 1:37pm
A-Game

illustrated chart for you ..... weakness gj in background .. nice top formation

Attached Image (click to enlarge)
Click to Enlarge Name: ym559.png Size: 170 KB
Blogging daily now at www.volume.zone
  • #2,482
  • Jul 29, 2009 4:02pm Jul 29, 2009 4:02pm
I have read this and Sr. Alex thread and finally got the hang of Tom's MTM. Not to mention the tons of indicators especially those that have a training function in-built. Thanks a million to you all and my the for-fathers of forex bless you all with the 'Green Buck Ye Chaseth'.

From all I have learn I would like to call your attention to the EurUsd. Please take a look at the 4hr chart. I seem to see a 'cross' form in the last bar on very high volume. A reversal in in the works or what?
Would appriciate any comments.



Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4hr.png Size: 38 KB
  • #2,483
  • Jul 29, 2009 4:32pm Jul 29, 2009 4:32pm
Quoting chalk54
I have read this and Sr. Alex thread and finally got the hang of Tom's MTM. Not to mention the tons of indicators especially those that have a training function in-built. Thanks a million to you all and my the for-fathers of forex bless you all with the 'Green Buck Ye Chaseth'.

From all I have learn I would like to call your attention to the EurUsd. Please take a look at the 4hr chart. I seem to see a 'cross' form in the last bar on very high volume. A reversal in in the works or what?
Would appriciate any comments.



Cheers.

the back ground is selling . has been for several days . Think this is all odf a sudden it dropped . VSA flagged thgis early on . Shames I do not take time at end of every day to scan thru some charts.

I would wait for reaction to this candle ( next london and us session) before taking any kind of longer term trade on 4 hour eu ... eu could drop thru 1.4000 ( by the way we would expect alot of profit taking at this critical level and some of that volume could be that). IF the pros are still bearish 1.4000 will be marked down quickly in London , best thing is after rapid mark down wait for retrace from below 1.4000 for test of 1.4000 on say 10 min chart . You will be looking for a no demand or upthrust bar on the test. This is good set up for short trade.

there you have it in a nut shell.. the innner workings of my mind ...lol

Attached Image (click to enlarge)
Click to Enlarge Name: ym561.png Size: 107 KB
Blogging daily now at www.volume.zone
  • #2,484
  • Jul 29, 2009 4:55pm Jul 29, 2009 4:55pm
I think this is what is going to happen to gj over next 24 hours. ....that 4 hr candle is loaded with sellers....250 easy pips if price stays under 156.25

Attached Image (click to enlarge)
Click to Enlarge Name: ym562.png Size: 109 KB
Blogging daily now at www.volume.zone
  • #2,485
  • Jul 29, 2009 4:57pm Jul 29, 2009 4:57pm
Thanks malcomb14, it is most appreciated.
  • #2,486
  • Jul 29, 2009 5:23pm Jul 29, 2009 5:23pm
Quoting malcolmb14
I think this is what is going to happen to gj over next 24 hours. ....that 4 hr candle is loaded with sellers....250 easy pips if price stays under 156.25

Attachment
Did you also notice that it is the highest concentration of volume so far for the week?
  • #2,487
  • Jul 29, 2009 5:34pm Jul 29, 2009 5:34pm
Quoting chalk54
Did you also notice that it is the highest concentration of volume so far for the week?

I see what you are saying .... vsa is all about reaction to action .... we have to wait till next high vol session
Blogging daily now at www.volume.zone
  • #2,488
  • Jul 29, 2009 5:59pm Jul 29, 2009 5:59pm
Malcomb,

A question that I have.. How do you intrepret candles with both long upper and lower wicks, where the body is centered between, as in the attached shot?

Are they considered only as to their close? If it closes low is it a downbar, or high is it an upbar? How do you tell if there were more buyers than sellers or vice versa? If you only consider it in context of the trend, how do you arrive at the significance of the bar?

Have looked all through MTM and haven't really found an answer, so I was hoping you might shed some light on this one.

Thanks for your help,

Chief
Attached Image
  • #2,489
  • Jul 29, 2009 6:09pm Jul 29, 2009 6:09pm
Quoting chief1oar
Malcomb,

A question that I have.. How do you intrepret candles with both long upper and lower wicks, where the body is centered between, as in the attached shot?

Are they considered only as to their close? If it closes low is it a downbar, or high is it an upbar? How do you tell if there were more buyers than sellers or vice versa? If you only consider it in context of the trend, how do you arrive at the significance of the bar?

Have looked all through MTM and haven't really found an answer, so I was hoping you might shed some light on this...

mtm is in bars , not candles ... you are interested in the close relative to the prior close. In tradeguider you can turn off the open tick on the bar.

Hope this helps
Blogging daily now at www.volume.zone
  • #2,490
  • Jul 29, 2009 7:21pm Jul 29, 2009 7:21pm
as i see it, there is a nice "with the trend divergence on 4H" as well as on the hourly...

also, notice how the volume plays at the lows of 4000 on an hourly chart ?

maybe we could see a 4100 before calling it below 4000 ?

i could be wwwwwrong though...any thoughts ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd4H.jpg Size: 63 KB
  • #2,491
  • Jul 29, 2009 7:28pm Jul 29, 2009 7:28pm
Quoting lumesh
as i see it, there is a nice "with the trend divergence on 4H" as well as on the hourly...

also, notice how the volume plays at the lows of 4000 on an hourly chart ?

maybe we could see a 4100 before calling it below 4000 ?

i could be wwwwwrong though...any thoughts ?
eu going down to test support prior to asia open, was kinda of suspicious, also prior to asia opening some 5min bull hammers with volume and macd hidden bullish divergence, hence the long, i agree though that i most likely bought a 1h-4h retrace and will look for price action around 1.41-4150
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 138 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,492
  • Jul 29, 2009 7:37pm Jul 29, 2009 7:37pm
Quoting djambazov84
eu going down to test support prior to asia open, was kinda of suspicious, also prior to asia opening some 5min bull hammers with volume and macd hidden bullish divergence, hence the long, i agree though that i most likely bought a 1h-4h retrace and will look for price action around 1.41-4150

in terms of shorting, i agree on 4100-4150.
  • #2,493
  • Jul 29, 2009 8:44pm Jul 29, 2009 8:44pm
Quoting lumesh
as i see it, there is a nice "with the trend divergence on 4H" as well as on the hourly...

also, notice how the volume plays at the lows of 4000 on an hourly chart ?

maybe we could see a 4100 before calling it below 4000 ?

i could be wwwwwrong though...any thoughts ?

you coudl be right something does not look right with ES .. looks like tomorrow might be up day
Blogging daily now at www.volume.zone
  • #2,494
  • Jul 29, 2009 8:56pm Jul 29, 2009 8:56pm
i suspect that was a h1 bull flag on Es mal and it seems to me that it just popped thru
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #2,495
  • Jul 29, 2009 11:36pm Jul 29, 2009 11:36pm
hi all,

what does "ES" mean? thanks
  • #2,496
  • Jul 30, 2009 12:33am Jul 30, 2009 12:33am
Quoting malcolmb14
check pm thought I had responded

..... and was not referring to traders like you , those trying their best to learn and thankful for the time and energy some of us put in these forums



My apologies if i misinterpreted your comments.
  • #2,497
  • Jul 30, 2009 12:58am Jul 30, 2009 12:58am
Quoting brspMA
hi all,

what does "ES" mean? thanks
ES is the ticker symbol for the E-Mini S&P 500 futures contract.
  • #2,498
  • Jul 30, 2009 2:37am Jul 30, 2009 2:37am
I had modified the market profile mt4 indi for my own use a while back, some may find this update useful. This is not an extension of the previous one, the POC lines are the same as the original.

The settings are as follows:

StartDate = The date to start the profiler (only applies if ShowToday is false)

ShowToday = show today's profile (remember it will be incomplete)

CountProfile = Number of days back to show the profiler

SkipSundayData = skips sundays (set to false if your broker has no sunday bars)

Asia_Color = The color of the Asia session

Europe_Color = The color of the Euro/London session

US_Color = The color of the US session

POC_Color = POC line color

POC_Height = The height of the POC line in pips (5 digits brokers can enter a fraction of a pip i.e. 0.5)

POCLeftOffset = The left offset of the POC line (in periods).

POCRightOffset = Enter the number of periods here to show the POC line into the future (i.e. 20 will show 20 periods to the right of the profile)

US_Start_Hour = The hour that your broker starts the US session (default is 13 or 1pm)

EU_Start_Hour = The hour that your broker starts the EU session (default is 8 or 8am)

DrawProfiles = Set to false, the market profiler will not be drawn.

ShowPOCText = Set to true to display the poc text labels

POCTextSize = Size of the font for the poc labels

POCTextPosition = Position of the poc text label: 0 = to left of the poc line. 1 = to the right of the poc line.

POCTextSecsOffset = If you're like me, I have POCRightOffset set to a large number (i.e. 500) so that the poc lines extend all the way to the first bar in the chart. This is a seconds offset for the text label. So if you have the lines extended right across to the right, you can force the labels to keep moving to the right even further than the first bar. Works well with bar shift on. It will also detect if you position the label to the left of screen and move it further back this many seconds. See my attached image for an example.

UseShortDays = Use short names for the day of the week (i.e. Fri instead of Friday). Set to false will display the full day name.

Any problemo's let me know.

Enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: ej_mp.gif Size: 16 KB
Attached File(s)
File Type: mq4 marketprofile.mq4   9 KB | 815 downloads
  • #2,499
  • Jul 30, 2009 2:57am Jul 30, 2009 2:57am
Market Profile we don't need any market profile its too hokey...

seriously thanks for your generous efforts this looks much cleaner than the graphing indi I am trying to make heads or tails of.

good trading
  • #2,500
  • Jul 30, 2009 3:06am Jul 30, 2009 3:06am
Quoting holn1dream
Market Profile we don't need any market profile its too hokey...
lol

If you say so...
4 traders viewing now