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Trade Using VSA (Volume Spread Analysis)

  • #2,881
  • Aug 19, 2009 5:57am Aug 19, 2009 5:57am
Quoting malcolmb14
it seems they are marking the market up under any news now. Was fairly easy to see on GJ for a 400 pip drop there overnight

symmetry says 151.70 is target , but seems to be some buying going on in 153.50 zone.

If ES break 975 today then gj may well see that 151.70 , after all that is only 230 pips away now . 600 pip move less than 24 hrs
You called it last night bro. Did you stay up and trade it or not. I was to tired went out an hour before the drop. I was thinking this up move could possibly hit 154.40ish but 26 pips on 3/4 position was plenty against the trend.
Price does what price wants , I just need to be prepared.
  • #2,882
  • Aug 19, 2009 6:03am Aug 19, 2009 6:03am
Quoting hwsv07
i see where you getting here.

but i'm confused. maybe someone can decode this? is this a reversal point?
cos i see a test. but the next bar is an upthrust.

low vol test are on lows not highs....

remember effort versus result , upthrust was there but back ground off that bottom suggests buyers

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  • #2,883
  • Aug 19, 2009 6:04am Aug 19, 2009 6:04am
Cheers....
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Price does what price wants , I just need to be prepared.
  • #2,884
  • Aug 19, 2009 6:05am Aug 19, 2009 6:05am
Quoting PJkiller
You called it last night bro. Did you stay up and trade it or not. I was to tired went out an hour before the drop. I was thinking this up move could possibly hit 154.40ish but 26 pips on 3/4 position was plenty against the trend.

shorted before bed , hate leaving trades open , closed for 10 pips ...lol , man was i pissed when i woke up !!!
Blogging daily now at www.volume.zone
  • #2,885
  • Aug 19, 2009 6:06am Aug 19, 2009 6:06am
Quoting PJkiller
You called it last night bro. Did you stay up and trade it or not. I was to tired went out an hour before the drop. I was thinking this up move could possibly hit 154.40ish but 26 pips on 3/4 position was plenty against the trend.
SL on 1/4 moved to + 20
Price does what price wants , I just need to be prepared.
  • #2,886
  • Aug 19, 2009 6:09am Aug 19, 2009 6:09am
Hi Guys.....I have a bit of a conundrum over the apparently differing signals offered by the two time frames.

I completely missed the 15 min doji low yesterday at 13:00 GMT that started the 180 pip US session rally as I hadnt seen any back-ground buying.....I posted this chart elsewhere.....

http://cloud.forexfactory.com/attach...1&d=1250600947

to be continued.....
Trading Levels with WRBs
  • #2,887
  • Aug 19, 2009 6:12am Aug 19, 2009 6:12am
Quoting malcolmb14
shorted before bed , hate leaving trades open , closed for 10 pips ...lol , man was i pissed when i woke up !!!
yea I used to be like that too. wake up shaking head and go I knew it I just knew it. Now After 9 years of trading I just look for an opportunity to make some cash for the time I am at the computer. The rest I cant control anyway. Still gets to me sometimes but I try not to let it. ITS MY GREED THAT WANTS ME TO LOOSE SLEEP AND CATCH EVERY MOVE. LOL

Closed 1/4 for 40 thanks mal I would almost never trade against a trend no matter what but at a major suport no news big vol spike it was too sweet.
Price does what price wants , I just need to be prepared.
  • #2,888
  • Aug 19, 2009 6:21am Aug 19, 2009 6:21am
This morning there was large volume after the BOE news....Just looking at the hourly chart it would appear that there is a high volume solid red candle indicating strong selling.......BUT looking at the 15 min chart we can see that the high volume candle had a long downside wick, showing that buying / profit taking had come into the market and that the actual low was on much lower volume narrow range candle......so how do we interpret this - for me - confusing picture??

Edit: PS....I'm hoping for some illumination from that well known salmon fisherman......
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aug 19 cable 15m 1300 gmt 2.gif Size: 13 KB
Trading Levels with WRBs
  • #2,889
  • Aug 19, 2009 7:04am Aug 19, 2009 7:04am
Quoting malcolmb14
low vol test are on lows not highs....

remember effort versus result , upthrust was there but back ground off that bottom suggests buyers

Attachment
this result versus effort.

so although there was an upthrust.. the next few bars after that upthrust was up bars... suggesting a failed effort?

also why would u go long at the selling climax? shouldn't you have waited for the test (low vol)?
  • #2,890
  • Aug 19, 2009 7:10am Aug 19, 2009 7:10am
Quoting hwsv07
this result versus effort.

so although there was an upthrust.. the next few bars after that upthrust was up bars... suggesting a failed effort?

also why would u go long at the selling climax? shouldn't you have waited for the test (low vol)?
selling climax go long stop just under it ... very low risk reward
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  • #2,891
  • Aug 19, 2009 7:20am Aug 19, 2009 7:20am
Quoting malcolmb14
selling climax go long stop just under it ... very low risk reward
tks mal...

but i just have another qn. in real time, how would you know that bar was the selling climax?
  • #2,892
  • Aug 19, 2009 7:24am Aug 19, 2009 7:24am
Quoting hwsv07
this result versus effort.

so although there was an upthrust.. the next few bars after that upthrust was up bars... suggesting a failed effort?

also why would u go long at the selling climax? shouldn't you have waited for the test (low vol)?
EJ - Look 2 days back, the failed upthrust was right on that low.

I was looking at selling but that low and the lack of any vol or follow through on 5 min in next candle kept me out.
Attached Image
  • #2,893
  • Aug 19, 2009 7:39am Aug 19, 2009 7:39am
Quoting HiddenGap
Here's a chart of the Euro (5 min).
...........
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. .....
Greetings...
do correct me if im wrong..
just a minor correction on your chart. the no demand bar/doji label"B" on the 1st chart here correctly belongs to the next volume bar to the right (to the right of the volume bar labeled "B" ---the lower volume bar, i think timed 20.40). if this is so, then volume bar "A" is the first blue volume bar (the blue bar on the left of the magenta "A" bar)

btw, i noticed in your charts "dots" found above, below & at the middle part of a candle's body. is that a volume-related buy/sell & "overextended" indicator?

appreciate your charts/posts. i must say, colorful charts but very clear.
  • #2,894
  • Aug 19, 2009 7:49am Aug 19, 2009 7:49am
damn 50% retracements!!lol--closed all my buys--did not have
enough balls to leave my sell overnight(mpc minutes_)but left
my last buy alone(0.01lots)--just in case maybe they wanna
try something different.history is just repeating itself at this point
am still eyeing TP @163.1290 though....

we'll see........
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  • #2,895
  • Aug 19, 2009 8:17am Aug 19, 2009 8:17am
Quoting hwsv07
tks mal...

but i just have another qn. in real time, how would you know that bar was the selling climax?

I am not malcolmb but I think is not easy explain in a few words why it is selling climax or how would you know it. Wyckoff in his course explain it in a few pages . It simply need serious study.
  • #2,896
  • Aug 19, 2009 8:55am Aug 19, 2009 8:55am
Quoting Islander
Hi Guys.....I have a bit of a conundrum over the apparently differing signals offered by the two time frames.

I completely missed the 15 min doji low yesterday at 13:00 GMT that started the 180 pip US session rally as I hadnt seen any back-ground buying.....I posted this chart elsewhere.....

http://cloud.forexfactory.com/attach...1&d=1250600947

to be continued.....

background . The move up started earlier than you said it did. The 13:00 gmt was a test of sorts of that support level 1.6320

the move started on the 17th thru London and US session , started with that stopping vol at 1.6300

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  • #2,897
  • Aug 19, 2009 9:09am Aug 19, 2009 9:09am
Quoting malcolmb14
background . The move up started earlier than you said it did. The 13:00 gmt was a test of sorts of that support level 1.6320

the move started on the 17th thru London and US session , started with that stopping vol at 1.6300

Attachment

Thanks Malcolmb - I'll work thru my charts alongside yours.....
Trading Levels with WRBs
  • #2,898
  • Aug 19, 2009 9:20am Aug 19, 2009 9:20am
I small busllshit trap again on gu ...oil +1.2 mil to -8.8 mill.

what we used 10 mill barrels of oil in a week !!!!! bullshit

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  • #2,899
  • Aug 19, 2009 9:42am Aug 19, 2009 9:42am
Thanks for the chart.

Would you also consider the 2nd and 3rd prior candles that also had high vols BUT also longish upside wicks a sign of profit taking and an earlier warning? However, the fact that price hardly paused signaled that the rally had further to go.....



Quoting malcolmb14
I small busllshit trap again on gu ...oil +1.2 mil to -8.8 mill.

what we used 10 mill barrels of oil in a week !!!!! bullshit

Attachment
Trading Levels with WRBs
  • #2,900
  • Aug 19, 2009 10:18am Aug 19, 2009 10:18am
Well, Wall street is about to dance dow 9970--don't
ask me why..lol--

i think geppy is about to break that symmetry-
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