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Trade Using VSA (Volume Spread Analysis)

  • #2,821
  • Aug 18, 2009 3:11pm Aug 18, 2009 3:11pm
Quoting Shoehorn
In the beginning of the thread it was highly suggested to read "Master the Markets", I called around and checked Amazon and Ebay and no place has this book in stock. Is it out of print, or just hard to come by?

I would imagine its not sold commercially. You do know its available for download off the first post? I just printed that badboy out.

MM
"If it bleeds ... we can kill it"
  • #2,822
  • Aug 18, 2009 3:21pm Aug 18, 2009 3:21pm
Quoting Ari Gold
I would imagine its not sold commercially. You do know its available for download off the first post? I just printed that badboy out.

MM
Kinda wanted a hard copy as well, but I guess the digital version is better than nothing.
  • #2,823
  • Aug 18, 2009 3:37pm Aug 18, 2009 3:37pm
Cut the AUDUSD short @ 72 for 10 pip loss. Sweet.
"If it bleeds ... we can kill it"
  • #2,824
  • Aug 18, 2009 3:59pm Aug 18, 2009 3:59pm
Stopped and reversed.

Getting long @ 8270 off the back of a strong up bar. Trading right into my levels ... but sentiment is likely to be bullish today off the back of the china/australia LNG (liquid Natural Gas) deal that was signed last night (41 billion dollars worth!)

I feel alot more comfortable on this side of the trend... lets see how it plays out...
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"If it bleeds ... we can kill it"
  • #2,825
  • Aug 18, 2009 4:13pm Aug 18, 2009 4:13pm
Just want to reflect upon my loss on the Aussie short earlier. While i had identified that there was no demand in the market at that point in time, i did not wait for confirmation of the existence of supply.

What we basically got was a no demand bar, a supply test on low volume, confirmed by the break out of a higher volume, tight range doji, with a solid up bar on invreasing volume.

So... in hindsight... probably shouldnt have been in the short off the back of VSA... was more or less hitting the bid cos it was at a pretty level i had market out on my charts.

The long setup seems more compelling. Discipline/patience is key. I need more.
"If it bleeds ... we can kill it"
  • #2,826
  • Aug 18, 2009 4:15pm Aug 18, 2009 4:15pm
Quoting Ari Gold
Stopped and reversed.

Getting long @ 8270 off the back of a strong up bar. Trading right into my levels ... but sentiment is likely to be bullish today off the back of the china/australia LNG (liquid Natural Gas) deal that was signed last night (41 billion dollars worth!)

I feel alot more comfortable on this side of the trend... lets see how it plays out...

wrong time of day to be looking at vsa on 30 min charts ....that may be part of why it did not work
Blogging daily now at www.volume.zone
  • #2,827
  • Aug 18, 2009 4:20pm Aug 18, 2009 4:20pm
Quoting Ari Gold
Just want to reflect upon my loss on the Aussie short earlier. While i had identified that there was no demand in the market at that point in time, i did not wait for confirmation of the existence of supply.

What we basically got was a no demand bar, a supply test on low volume, confirmed by the break out of a higher volume, tight range doji, with a solid up bar on invreasing volume.

So... in hindsight... probably shouldnt have been in the short off the back of VSA... was more or less hitting the bid cos it was at a pretty level i had market...

we will put that one down to operator error. the 30 min shows 2 levels of buying that have not been countered with selling. The pros are buying aud not selling it . That is likely why the short did not work . You are saying VSA , but in actual fact as you study vsa you will come to realize that aud is a long set up not short right now.

vsa is about back ground ... do not forget that i have mentioned that time and time again

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Blogging daily now at www.volume.zone
  • #2,828
  • Aug 18, 2009 4:36pm Aug 18, 2009 4:36pm
Quoting malcolmb14
we will put that one down to operator error. the 30 min shows 2 levels of buying that have not been countered with selling. The pros are buying aud not selling it . That is likely why the short did not work . You are saying VSA , but in actual fact as you study vsa you will come to realize that aud is a long set up not short right now.

vsa is about back ground ... do not forget that i have mentioned that time and time again

Attachment

Excellent. Thanks mate that is exactly what i wanted to hear. Need to learn from guys like you. Even though the VSA setup wasnt there... happy i stopped the short and reversed!

Malcolmb, could you elaborate on your decision making process, with reference to timezone and timeframe (on charts). That would be much appreciated.

Cheers
MM
"If it bleeds ... we can kill it"
  • #2,829
  • Aug 18, 2009 4:44pm Aug 18, 2009 4:44pm
Yeah just zoomed out on my 30 min and it is blatently clear that every rally in volume has been accumulation. Gotta learn to stay with the smart money. Im a spot/prop trader so have a habit of thinking i can make money off a coin flip - ie... more countertrend stuff than is neccessary.

Cheers.
"If it bleeds ... we can kill it"
  • #2,830
  • Aug 18, 2009 5:49pm Aug 18, 2009 5:49pm
Added to long @ 0.8288 with strength coming back in on pullback.
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"If it bleeds ... we can kill it"
  • #2,831
  • Aug 18, 2009 6:02pm Aug 18, 2009 6:02pm
By the way... im hoping someone will jump in and tell me why i should or shouldnt be doing what im doing here... with regard to VSA.

This is more or less congruent with my normal trading style, however VSA seems to filter out alot of the bad decisions, and fine tune exits. So please... if you have any advice please dont hesitate.

Cheers.
"If it bleeds ... we can kill it"
  • #2,832
  • Aug 18, 2009 7:01pm Aug 18, 2009 7:01pm
interesting day -----
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  • #2,833
  • Aug 18, 2009 7:16pm Aug 18, 2009 7:16pm
now looking to see if traped weak holders are allowed
back in--failed test..doesn't look good so far--
BTW--my long target is 163.000--just buying good
dips
  • #2,834
  • Aug 18, 2009 7:21pm Aug 18, 2009 7:21pm
Quoting taomql4
now looking to see if traped weak holders are allowed
back in--failed test..doesn't look good so far--
BTW--my long target is 163.000--just buying good
dips
doomed on long .. do not get married to it ..lol

today was up due to us markets up ...Home depot saved the day

high volume on the 3 hour candles at 157 loads sellers and very fast drop in asia ... much faster than up move. They are more willing to sell than buy.
Blogging daily now at www.volume.zone
  • #2,835
  • Aug 18, 2009 7:26pm Aug 18, 2009 7:26pm
Jeez,Mal--where have you been?lol--
you had me thinking, maybe you had a bad
trade and wifey is getting on you for it..lol

welcome back.......
  • #2,836
  • Aug 18, 2009 7:30pm Aug 18, 2009 7:30pm
Quoting malcolmb14
doomed on long .. do not get married to it ..lol

today was up due to us markets up ...Home depot saved the day

high volume on the 3 hour candles at 157 loads sellers and very fast drop in asia ... much faster than up move. They are more willing to sell than buy.
hmm--just close my 2 buys--and it resumes upward..lol
You don't think they are going to accu before the MPC Meeting Minutes?..
  • #2,837
  • Aug 18, 2009 7:33pm Aug 18, 2009 7:33pm
5min Churn Bar in the AUssie...

Solid short signal.
"If it bleeds ... we can kill it"
  • #2,838
  • Aug 18, 2009 7:33pm Aug 18, 2009 7:33pm
Quoting malcolmb14
doomed on long .. do not get married to it ..lol

today was up due to us markets up ...Home depot saved the day

high volume on the 3 hour candles at 157 loads sellers and very fast drop in asia ... much faster than up move. They are more willing to sell than buy.

using symmetry of moves we have 700 down 500 up , with the down move being around 160 % of up moves . This takes us down to 150.5 on next leg down

supported using vsa on 3 hour time frame with upthrust

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Blogging daily now at www.volume.zone
  • #2,839
  • Aug 18, 2009 7:34pm Aug 18, 2009 7:34pm
Quoting taomql4
Jeez,Mal--where have you been?lol--
you had me thinking, maybe you had a bad
trade and wifey is getting on you for it..lol

welcome back.......

fed up with all the bullshiters on forex factory .. been posting less this week
Blogging daily now at www.volume.zone
  • #2,840
  • Aug 18, 2009 7:38pm Aug 18, 2009 7:38pm
Quoting malcolmb14
fed up with all the bullshiters on forex factory .. been posting less this week
Lets start a private room Mal we need you I need you. just getting into the vsa last couple weeks and my trading excitement has been brand new again after 5 yrs. lets go private i am eager to master this and it apears you have.
Price does what price wants , I just need to be prepared.
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