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Trade Using VSA (Volume Spread Analysis)

  • #2,841
  • Aug 18, 2009 9:39pm Aug 18, 2009 9:39pm
Quoting Ari Gold
5min Churn Bar in the AUssie...

Solid short signal.

background ... background background .....

go short now and lose , for real sell wait for retest 8300

Attached Image (click to enlarge)
Click to Enlarge Name: chart279.png Size: 174 KB
Blogging daily now at www.volume.zone
  • #2,842
  • Aug 18, 2009 9:42pm Aug 18, 2009 9:42pm
Quoting PJkiller
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.
well shamus has one but lots talk programming and a billion shamuses in there..lol

I need something more serious.so if you have any ideas let me know

also noticed without chatting my account is making wonderful progress.

I was told by some muppet on ff that they hope I lose my account after posting last Thursday gu heading down to 6100 and they had long bias.

I was a wee bit wrong but still made 250 pip off trade.... to many posers on ff and not enough real traders
Blogging daily now at www.volume.zone
  • #2,843
  • Aug 18, 2009 9:49pm Aug 18, 2009 9:49pm
Quoting malcolmb14
well shamus has one but lots talk programming and a billion shamuses in there..lol

I need something more serious.so if you have any ideas let me know

also noticed without chatting my account is making wonderful progress.

I was told by some muppet on ff that they hope I lose my account after posting last Thursday gu heading down to 6100 and they had long bias.

I was a wee bit wrong but still made 250 pip off trade.... to many posers on ff and not enough real traders
I agree a hundred percent I have done the trade rooms had several really big ones. I have traded others money. All that to much headache seems good in theory. But once you get there you feel like your aging in your chair and you'll do anything to get out from under it all. So trading for myself is all I want to do and my love is trading. Now finding and studying what you are doing has me excited like I was back in 2000 when I learned I could trade stocks for a living from home. It is a breath of fresh air Mal. thanks for sharing I will think of something and get back with you.
Price does what price wants , I just need to be prepared.
  • #2,844
  • Aug 18, 2009 9:50pm Aug 18, 2009 9:50pm
Quoting malcolmb14
background ... background background .....

go short now and lose , for real sell wait for retest 8300

Attachment

My bad mate. Hope you dont put in the "bullshitters" box! I trade profitably already... just trying to get better.

That "solid short" comment is the spot trader coming out in me again.
"If it bleeds ... we can kill it"
  • #2,845
  • Aug 18, 2009 9:55pm Aug 18, 2009 9:55pm
Quoting Ari Gold
My bad mate. Hope you dont put in the "bullshitters" box! I trade profitably already... just trying to get better.

That "solid short" comment is the spot trader coming out in me again.
no this thread one of the only good ones out there....good bunch of guys and girls
Blogging daily now at www.volume.zone
  • #2,846
  • Aug 18, 2009 9:57pm Aug 18, 2009 9:57pm
Quoting Ari Gold
My bad mate. Hope you dont put in the "bullshitters" box! I trade profitably already... just trying to get better.

That "solid short" comment is the spot trader coming out in me again.

you maybe right on the sell ... but there is a chance we go and re test ...often when this happens and you see high volume coming in on an up bar testing resistance that is the sell set up
Blogging daily now at www.volume.zone
  • #2,847
  • Aug 18, 2009 9:58pm Aug 18, 2009 9:58pm
Quoting malcolmb14
fed up with all the bullshiters on forex factory .. been posting less this week
Well,,forexflash,thatwasme--good guys are disappearing..
  • #2,848
  • Aug 18, 2009 9:59pm Aug 18, 2009 9:59pm
Quoting malcolmb14
well shamus has one but lots talk programming and a billion shamuses in there..lol

I need something more serious.so if you have any ideas let me know

also noticed without chatting my account is making wonderful progress.

I was told by some muppet on ff that they hope I lose my account after posting last Thursday gu heading down to 6100 and they had long bias.

I was a wee bit wrong but still made 250 pip off trade.... to many posers on ff and not enough real traders

Definately keen for something serious.

I cant say I have the trading experience that you guys do but I do trade for a living. Need to put up P/L month in month out to keep my job so i dont take it lightly.

Only thing is I couldnt honelstly say that io would add any value to a room in the presence of more experienced and sharper traders like yourselves. I would be in the background observing and coming out with the occasional question. Again, i make money, just want to make more.

MM
"If it bleeds ... we can kill it"
  • #2,849
  • Aug 18, 2009 10:07pm Aug 18, 2009 10:07pm
Quoting Shoehorn
Kinda wanted a hard copy as well, but I guess the digital version is better than nothing.
Check out the TradeGuider site they offer a hard copy for $100.00. If they don't, their sister site does and TG will provide the link.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #2,850
  • Aug 18, 2009 10:08pm Aug 18, 2009 10:08pm
Quoting malcolmb14
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

Attachment
yeah==the 50% drops--closed my top buys--if i dont
see any good effort(accu>) am going the other way...
thought maybe they had a shot at it this time---
early rise on low Vol...not encouraging
  • #2,851
  • Aug 18, 2009 10:09pm Aug 18, 2009 10:09pm
Quoting Ari Gold
Definately keen for something serious.

I cant say I have the trading experience that you guys do but I do trade for a living. Need to put up P/L month in month out to keep my job so i dont take it lightly.

Only thing is I couldnt honelstly say that io would add any value to a room in the presence of more experienced and sharper traders like yourselves. I would be in the background observing and coming out with the occasional question. Again, i make money, just want to make more.

MM
Not really about that... I thought forever that if I truley have this gift it should be shared and given away and all kinds of other ideas. But I have found people will suck you dry and spit on you. Good ententions are just that. I keep to myself mostly have a few trading buddies I help but for the most part stay below the radar. We could have some real fun in a private trading room learning from Mal this true marvel in the markets. I have traded big real big in fact but have I ever traded 2k into 6 figures in a year? no way. I would just be a humble student like you with questions.
Price does what price wants , I just need to be prepared.
  • #2,852
  • Aug 18, 2009 10:19pm Aug 18, 2009 10:19pm
Quoting PJkiller
Not really about that... I thought forever that if I truley have this gift it should be shared and given away and all kinds of other ideas. But I have found people will suck you dry and spit on you. Good ententions are just that. I keep to myself mostly have a few trading buddies I help but for the most part stay below the radar. We could have some real fun in a private trading room learning from Mal this true marvel in the markets. I have traded big real big in fact but have I ever traded 2k into 6 figures in a year? no way. I would just be a humble...
more than year ... just over. The volatility of the market gives at least 3 x 30 pip trades a day in different session.
Blogging daily now at www.volume.zone
  • #2,853
  • Aug 18, 2009 10:21pm Aug 18, 2009 10:21pm
Quoting PJkiller
Not really about that... I thought forever that if I truley have this gift it should be shared and given away and all kinds of other ideas. But I have found people will suck you dry and spit on you. Good ententions are just that. I keep to myself mostly have a few trading buddies I help but for the most part stay below the radar. We could have some real fun in a private trading room learning from Mal this true marvel in the markets. I have traded big real big in fact but have I ever traded 2k into 6 figures in a year? no way. I would just be a humble...

Haha nice... i didnt know that malcolmb had done that (2k to 6 figures in 12 months) but i am embarking on the same journey myself. I understand how you would get alot of dicks who tkae the piss and cant handle a loser... with loads of stupd questions and whining about trading hours and blah blah blah... i just want to learn and will be grateful for anything i can pick up.

Please keep me in the loop mate. I dont post much.. not a kown name.. but reckon we could sort out a good environment for learning and having a punt.

Cheers
MM
"If it bleeds ... we can kill it"
  • #2,854
  • Aug 18, 2009 10:23pm Aug 18, 2009 10:23pm
Ok Guys,

So while the markets are moving like an 80 year old slug ill post up my current thoughts on the EURUSD. Keen to be critisized without mercy (malcolmb).

Might get sticky around 1.4130 but this is how i came to be bearish (and well short) right about now. On top of that the SSE (after flicking around a bit)... now going into the red - the USD has been trading pretty well off of it lately, especially the aussie/euro.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: bvbb.jpg Size: 243 KB
"If it bleeds ... we can kill it"
  • #2,855
  • Aug 18, 2009 10:33pm Aug 18, 2009 10:33pm
Quoting Ari Gold
Ok Guys,

So while the markets are moving like an 80 year old slug ill post up my current thoughts on the EURUSD. Keen to be critisized without mercy (malcolmb).

Might get sticky around 1.4130 but this is how i came to be bearish (and well short) right about now. On top of that the SSE (after flicking around a bit)... now going into the red - the USD has been trading pretty well off of it lately, especially the aussie/euro.

Thanks

eu simple .. bear flag

mark up under low volume conditions today

1.4000 or lower tomorrow
Blogging daily now at www.volume.zone
  • #2,856
  • Aug 18, 2009 10:34pm Aug 18, 2009 10:34pm
Quoting malcolmb14
eu simple .. bear flag

mark up under low volume conditions today

1.4000 or lower tomorrow

chart

Attached Image (click to enlarge)
Click to Enlarge Name: chart288.png Size: 219 KB
Blogging daily now at www.volume.zone
  • #2,857
  • Aug 18, 2009 10:38pm Aug 18, 2009 10:38pm
Quoting malcolmb14
eu simple .. bear flag

mark up under low volume conditions today

1.4000 or lower tomorrow

Sweet... good to know im on the same page as you. Ive sat my TP at 1.4060 (cant make trading decisions for work trading after asia close/europe open!!) so i have to be somewhat conservative and go for the higher probability levels to take profit. You will know how painful it is to see your level missed by a handful of pips and a 60 pip reversal!
"If it bleeds ... we can kill it"
  • #2,858
  • Aug 18, 2009 11:03pm Aug 18, 2009 11:03pm
Here's a chart of the Euro (5 min).

Just wanted to compare and contrast two candles.

A: Narrow range up bar on volume less than the previous two candles. The close is off of the high, which shows weakness. But notice the low. It is lower than the previous candle and the close is up from there. Support enters the market here causing the candle to move off its lows.
The next bar is an Up Thrust, which goes to confirm the overall weakness in the market.

B: In my opinion, this is the best place to take a short. We see a narrow (NR7) candle closing near its low on volume less than the previous two candles. This no demand turns out to be a Doji. Knowing that is not VSA, but it does make add extra weight. Since we know Dojis are signs of indecision. We also note that this candle is an inside bar. Making a lower low, would not be good, making a higher high would be best, but making neither is also good.

The point: Not all up candles on volume less than the previous two candles are created equal. Obviously, A gets you a few more pips, but we can give a few pips for increased probability.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA9.png Size: 103 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #2,859
  • Aug 18, 2009 11:06pm Aug 18, 2009 11:06pm
Quoting Ari Gold
Ok Guys,

So while the markets are moving like an 80 year old slug ill post up my current thoughts on the EURUSD. Keen to be critisized without mercy (malcolmb).

Might get sticky around 1.4130 but this is how i came to be bearish (and well short) right about now. On top of that the SSE (after flicking around a bit)... now going into the red - the USD has been trading pretty well off of it lately, especially the aussie/euro.

Thanks

First of all, thanks for being gutsy enough to allow criticism and inputs, not to mention the fact that you are posting situations at the right edge of the charts. I think that VSA, as tom puts it is most predictive on higher time frames eg weekly. Earlier on I mention the selling climax on the cable chart but got no response from anyone.

I am most comfortable with the 4hr tf as I have found it to be more predictive. There is always a destination of a given currency and on the euro right now, I see it heading higher to approx 1.426/90. I have enclsed a chart and the blue lines are areas of high volume of the weeks in respect. I combine these with vsa 'climaxes' to find reversal points.

I may be wrong, but what is trading without being wrong... and open to suggestions.

Cheers and hunt 'em pips down.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd11.png Size: 36 KB
  • #2,860
  • Aug 18, 2009 11:10pm Aug 18, 2009 11:10pm
I was going to do a "bar by bar" analysis on the first chart and then show the result on the second. I' m feeling a little tired and don't know if it is even wanted. Well, here's the pics anyway.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: VSA8.png Size: 98 KB
Click to Enlarge Name: current1.png Size: 95 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
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