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Trade Using VSA (Volume Spread Analysis)

  • #2,661
  • Aug 10, 2009 5:35pm Aug 10, 2009 5:35pm
Quoting kuky969
Malcolm
please I would like ask what do you think about this bars in green boxes ???
It is 60 min. open market hours ES. Could be distribution bars or just some absorbing of supply ?? Is there any clue to distinguish it ???
Thank you
http://www.sierrachart.com/userimage...ploadImage.png

i think the last 2 is selling ....then we have mark up form there on in to the highs at 1017.

check out this ....gold only moves up when risk aversion is in the markets

gold was marked down low vol .. then accumulation all day

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  • #2,662
  • Aug 10, 2009 5:48pm Aug 10, 2009 5:48pm
Quoting kuky969
Malcolm
please I would like ask what do you think about this bars in green boxes ???
It is 60 min. open market hours ES. Could be distribution bars or just some absorbing of supply ?? Is there any clue to distinguish it ???
Thank you
http://www.sierrachart.com/userimage...ploadImage.png
One thing that stands out is that all of your highlighted bars are actually down bars.

I personally would interpret that as hidden potential buying. Confirmed by the price either reversing straight after or being knocked sideways for a brief period.
  • #2,663
  • Aug 10, 2009 7:35pm Aug 10, 2009 7:35pm
Malcolmb,

I was wondering if you could post a few thoughts as to how you would be interpreting EURUSD right here. Low volumes, price breaking up threatening to confimr a 123 and a retest of around 1.4180/00 area.

How would you be working VSA into this picture to confirm of invalidate price action.

Thanks in advance.

MM

PS - Anyone else who would be willing to help... go right ahead.
"If it bleeds ... we can kill it"
  • #2,664
  • Aug 10, 2009 8:38pm Aug 10, 2009 8:38pm
Quoting Ari Gold
Malcolmb,

I was wondering if you could post a few thoughts as to how you would be interpreting EURUSD right here. Low volumes, price breaking up threatening to confimr a 123 and a retest of around 1.4180/00 area.

How would you be working VSA into this picture to confirm of invalidate price action.

Thanks in advance.

MM

PS - Anyone else who would be willing to help... go right ahead.
lets think like a pro....

this is not vsa just simple logic

eu has to test 1.4000 simple

so today we had nice drop . what better way to buy a little under low volume conditions ( asia), push price up in a flag formation to about 1.4150 / 1.4170 then in London as a pro I can sell it at discount again into 1.4000
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  • #2,665
  • Aug 10, 2009 9:06pm Aug 10, 2009 9:06pm
Nice,

Thanks mate. Thats what i was thinking. Little squeeze then sideways till london/NY. For the record, my TP is down at 1.4060... probably a little conservative but yeah.

Nearly cut that trade and my Aussie shorts early... like a bitch... Hate asia squeezes when im already positioned @ full limit.

MM
"If it bleeds ... we can kill it"
  • #2,666
  • Edited 1:49am Aug 11, 2009 1:15am | Edited 1:49am
GU had dropped 400+ pips from its recent peak to 6610 and the minimal 40 odd pip bounce that followed on much lower volume suggested there was more downside to come (especially when the next hourly candle couldn't continue up and had a lower close).

I got in a nice trade after the weak upthrust but exited way too early it turns out. Still a profitable trade none the less.
Attached Image
  • #2,667
  • Aug 11, 2009 10:06am Aug 11, 2009 10:06am
i just found this indicator on another forum. it seems to be an implementation of vwap. it should be somehow similar to market_profile.
Attached File(s)
File Type: mq4 Market_Statistics_v2.mq4   9 KB | 808 downloads
Nihil Sine Deo.
  • #2,668
  • Aug 11, 2009 2:06pm Aug 11, 2009 2:06pm
Hi there,

i want ask you how consider this chart from point of view strength and weakness.


-Main Trend is UP.

1. Down bar close on low with excessive vol (possible strength)
2. Up bar closing on high with high vol (this bar for me confirm buying on 1. bar) so we have background.
3. Up bar with low vol. same spread and same close on high ( weakness - no demand for me)
4. Upthrust with high vol closing on the low another weakness

Now more weakness appears then strength so can be this upthrust consider as a new background ?
it going with momentum that is down. but prev background was good coz it go with main trend.
so now iam confused.

Can anybody make a comments for this situation

Thanks
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  • #2,669
  • Aug 11, 2009 2:19pm Aug 11, 2009 2:19pm
this

http://www.marketwatch.com/story/us-...ays-2009-08-11

and yesterday was up day

THAT, WALL STREET JOURNAL , IS CALLED A NO DEMAND BAR . BYE BYE 1000 ES
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  • #2,670
  • Aug 11, 2009 3:23pm Aug 11, 2009 3:23pm
Quoting Dr.Key
Hi chalk54
Prompt that at you for the indicator on GBP/USD?
that shows arrow(red and green), judging by history on your screen very well gets.
If there is a possibility share please.

Thanks

The indicators you are referring to are Supersignal which I have found not to be absolutely accurate on 4hr charts but when combined with particular bar formations are a very strong indicator.

The line on the charts are hand drawn at the middle point (range) of a bar that has the highest volume for a given period. This is based on the fact that prices tend to revert to the highest point of concentration of trading activity(interests).

They work well for me. You can find lots supersignals indicators in the Forex factory forum if you do a search.

Happy trading all.
  • #2,671
  • Aug 11, 2009 5:24pm Aug 11, 2009 5:24pm
i was looking at the indicator i just posted above (market_statistics_v2), and was thinking at a modification for marketprofile_pob: instead of looking back "n" days, how about setting a start and an end day - it would give great levels of support/resistance along the current medium/long term swing, and they would be based on volume spikes

what do you guys think about it?
Nihil Sine Deo.
  • #2,672
  • Aug 11, 2009 5:56pm Aug 11, 2009 5:56pm
Quoting Scrat
i was looking at the indicator i just posted above (market_statistics_v2), and was thinking at a modification for marketprofile_pob: instead of looking back "n" days, how about setting a start and an end day - it would give great levels of support/resistance along the current medium/long term swing, and they would be based on volume spikes

what do you guys think about it?

you gonna hate me ...

you mean kind of like this 20 day cumulative volume histogram for the GU ...lol ???

looks where poc is for last 20 days 1.6485
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  • #2,673
  • Aug 11, 2009 7:13pm Aug 11, 2009 7:13pm
Quoting malcolmb14
you gonna hate me ...

you mean kind of like this 20 day cumulative volume histogram for the GU ...lol ???

looks where poc is for last 20 days 1.6485
The one I am testing for the trainer is at 1.64868. That's close enough for me. LOL

It uses multiple (days) levels and there is another just below it at 1.6472 as well.
The trend always ends.
  • #2,674
  • Aug 11, 2009 7:13pm Aug 11, 2009 7:13pm
Quoting Scrat
i was looking at the indicator i just posted above (market_statistics_v2), and was thinking at a modification for marketprofile_pob: instead of looking back "n" days, how about setting a start and an end day - it would give great levels of support/resistance along the current medium/long term swing, and they would be based on volume spikes

what do you guys think about it?
That would be great, It may give us an opportunity to compare it with othwr MP indicators.
  • #2,675
  • Aug 11, 2009 7:20pm Aug 11, 2009 7:20pm
Quoting Shamus
The one I am testing for the trainer is at 1.64868. That's close enough for me. LOL

It uses multiple (days) levels and there is another just below it at 1.6472 as well.
oh multi day levels .. lol now where did you get that idea from ????.....
Blogging daily now at www.volume.zone
  • #2,676
  • Aug 11, 2009 7:32pm Aug 11, 2009 7:32pm
yeah, that's the idea, a cumulative profile. i wanted to be able to specify the exact period to apply to.
and yes i hate you

Quoting malcolmb14
you gonna hate me ...

you mean kind of like this 20 day cumulative volume histogram for the GU ...lol ???

looks where poc is for last 20 days 1.6485
Nihil Sine Deo.
  • #2,677
  • Aug 11, 2009 7:38pm Aug 11, 2009 7:38pm
Quoting Scrat
yeah, that's the idea, a cumulative profile. i wanted to be able to specify the exact period to apply to.
and yes i hate you
those expert programmers can knock you up one in a jiffy if you say pretty please lol
Blogging daily now at www.volume.zone
  • #2,678
  • Aug 11, 2009 8:19pm Aug 11, 2009 8:19pm
Quoting Scrat
yeah, that's the idea, a cumulative profile. i wanted to be able to specify the exact period to apply to.
and yes i hate you
Dont let it or em bug you. It already exits.
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  • #2,679
  • Aug 11, 2009 8:31pm Aug 11, 2009 8:31pm
Quoting chalk54
Dont let it or em bug you. It already exits.
I do not think that is exactly what scrat is after but close enough. He wanted a cumulative poc for last 20 days

I am sure TBC can knock that up in no time
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  • #2,680
  • Edited 8:55pm Aug 11, 2009 8:50pm | Edited 8:55pm
Quoting malcolmb14
I do not think that is exactly what scrat is after but close enough. He wanted a cumulative poc for last 20 days

I am sure TBC can knock that up in no time
It can be made for 20 or more days depending on your preference.

Cheers
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