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Trade Using VSA (Volume Spread Analysis)

  • #3,281
  • Sep 9, 2009 1:30pm Sep 9, 2009 1:30pm
1 - Test in rising market
2 - Another test
3 - Uptrust Genuine one.
4 - No demand

Unfortunatelly this i saw after it happend. :/
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  • #3,282
  • Sep 9, 2009 1:34pm Sep 9, 2009 1:34pm
Quoting Kofmaster
Someone here can give me the better volume indicator for mt4?. I'm a mt4 user. Thanks
Just click on the paperclip on the top right of this page and you'll find all of the attachments in this thread, including indicators.....
Trading Levels with WRBs
  • #3,283
  • Sep 9, 2009 2:10pm Sep 9, 2009 2:10pm
Quoting Islander
Just click on the paperclip on the top right of this page and you'll find all of the attachments in this thread, including indicators.....
Also you can click hide images if just you're just looking for the indicators.
The trend always ends.
  • #3,284
  • Sep 9, 2009 2:27pm Sep 9, 2009 2:27pm
Quoting adriann
1 - Test in rising market
2 - Another test
3 - Uptrust Genuine one.
4 - No demand

Unfortunatelly this i saw after it happend. :/
but the selling climax on yesterdays high was easy long wasn't it ? 5 min chart
Blogging daily now at www.volume.zone
  • #3,285
  • Sep 9, 2009 3:01pm Sep 9, 2009 3:01pm
Quoting Shamus
Also you can click hide images if just you're just looking for the indicators.
LOL - and I learn something new every day.....thanks Shamus....
Trading Levels with WRBs
  • #3,286
  • Sep 9, 2009 3:23pm Sep 9, 2009 3:23pm
Quoting malcolmb14
but the selling climax on yesterdays high was easy long wasn't it ? 5 min chart
Easy as easy
i didnt found good entry.
maybe you can find some.
Iam attaching chart.


(1) - its last support(demand) line from Globex Session.
i know some traders use it some not. iam using it.

2 - when this bar broken demand line i was waiting for some no demand or kind of uptrust.

3 - no-demand but not good enought for me. it have not narrow range also close is to much on the top but volume is fine .very low. so no trade in this place.

4 - i guess your selling climax i noticed it .
5 - dreamed test not ideal test for me but i would take it if last resistance was not so close. i mean (1) for me it represendes supply .
look how bars bounced from on the first time of session after bar 3.
therfore i was too nervous to take trade long.

and next hours of the session was in range.. i was waiting for breaking old top that was made by (6) or some another effort that would have bigger volume like on bar 7 some kind of minor climax but it unfold not good for me
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  • #3,287
  • Sep 9, 2009 5:43pm Sep 9, 2009 5:43pm
sorry for my quest,
but how to save a post here?
thx
  • #3,288
  • Sep 9, 2009 6:25pm Sep 9, 2009 6:25pm
Quoting malcolmb14
but the selling climax on yesterdays high was easy long wasn't it ? 5 min chart
Hi malc,
sorry,what did you mean by selling climax on the high,
did you mean buying climax?
as per definition, buying climax "If the volume is seen to be exceptionally high, accompanied by narrow spreads into new high ground"
  • #3,289
  • Sep 9, 2009 7:13pm Sep 9, 2009 7:13pm
Quoting rockk
Hi malc,
sorry,what did you mean by selling climax on the high,
did you mean buying climax?
as per definition, buying climax "If the volume is seen to be exceptionally high, accompanied by narrow spreads into new high ground"
selling climax on support of YESTERDAYS HIGH
Blogging daily now at www.volume.zone
  • #3,290
  • Sep 9, 2009 10:17pm Sep 9, 2009 10:17pm
Zoli, thank you.

Your work with sister (or parallel/inverse) trading is a great addition to this thread. I am truly enjoying your posts. Wow.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,291
  • Sep 9, 2009 10:37pm Sep 9, 2009 10:37pm
Quoting Inzider
May i sugggest you to consider expension body as momentum bar witch equal 2 times the previous bar.

Momentum bar = x2 previous bar.

Those happen on reversal and act often as a engulfing candle, and as you said, "delta zone" could be consider 0-50% from opening of the bar = reversal area, witch is wicked most of the time before next move in the same direction as momentum bar.
http://cdn.forexfactory.com/attachme...1&d=1250880754
Later!
In one of my first posts on expansion bodies I talked about volatility. I spoke of the significant EB7 creating a pocket of high volatility where one could look for a low volatility signal.

The best low volatility signal would be a no demand that is either a NR4 or NR7. NR4 or NR7 refers to narrow range 4 or 7. These definitions come from Street Smarts by Linda Bradfrod Raschke and Larry Connors. The opposite would be WR4 and WR7, where WR is Wide Rang (spread).

Rather than focusing on the spread, I am focusing on the body (open to close). This is because the body is a better representation of the SM.

With all that said, you could do whatever you wanted to do. Although using just 2 bars in not recommended.

No matter how you define an expansion body, the ones that represent key changes in supply/demand must be ___________. Something must be true with the prior interval and the immediately following interval.

This is why I say it doesn't matter how one chooses to define significant. All significant expansion bodies must be __________. Therefore two traders defining significant bodies in two different ways are ultimately still looking at the same sub-set of expansion bodies.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,292
  • Sep 10, 2009 4:28am Sep 10, 2009 4:28am
Quoting malcolmb14
selling climax on support of YESTERDAYS HIGH
mmm, now clear.
  • #3,293
  • Sep 10, 2009 3:15pm Sep 10, 2009 3:15pm
Quoting TwoBuckChuck
If you stop posting in here I will hunt you down. And beg you to come back... lol

Forget about the noise a public forum naturally attracts. If people want to be naive it's their own loss. It's a common occurrence when markets are ranging and easy to trade. Wait until the trends fire up again, then we'll have all the "I lost it all" and "it's just random" outbursts

How someone can "back test" without first understanding what they're testing is beyond me. I've been at this for a while now and I'm not even 1/10th of the way there....
Hey TwoBuckChuck
can u update the mp indicator and add two more line. Like Value Area High and LOW Thanks
  • #3,294
  • Sep 10, 2009 7:21pm Sep 10, 2009 7:21pm
It's good to see all the teachings about the MightyZone...LOL

With momo and VSA, it appears one would be unstoppable...
Today I got 121.9 pips using m5 chart.
Only one loss of 1.9 pips.
NICE.
  • #3,295
  • Sep 10, 2009 11:59pm Sep 10, 2009 11:59pm
Quoting Mightyzoner
It's good to see all the teachings about the MightyZone...LOL
NICE.
MightyZone??

btw, this is not a 'bragging thread' wherein u post your supposed profits.
it would be beneficial for all if u post charts instead.
Thanks
  • #3,296
  • Edited 4:41am Sep 11, 2009 4:23am | Edited 4:41am
eur$ short trade (a few minutes ago) + additional analysis.

[Murrey Math lines. SDX TzPivots v4.1, Better Vol.1.4 , chocolate-color GannHiLo, orange-color 365ema]

M5 chart
First A: No demand bar
Second A: no demand bar (i was short after this)
C: wide range bar with little volume (little or no supply?)
First D: narrow range up bar, no demand
Second D: second inside bar; narrow range, high churn bar
E: narrow range down bar, high churn (buyers coming in/absorption volume?)
F: up bar at support area (i exited short in this candle or the next)
3 candles starting from candle F: up bars on declining volume
G: narrow range bar on high churn volume; upthrust (potential short for 10 pips; leading to/performing a test of supply)
next candle: narrow range down bar on low volume: little or no supply (successful test)

M15 chart:
A & B: same area of M5's A & F, respectively

(comments are welcome, in case i missed out on anything or i made an incorrect analysis, Thanks )
Attached Image (click to enlarge)
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  • #3,297
  • Sep 11, 2009 4:35am Sep 11, 2009 4:35am
Hi there ,
for everybody that trading gbp and didnt noticed nice channel here it is
you can print out and hang this picture on your wall.
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  • #3,298
  • Sep 11, 2009 8:01am Sep 11, 2009 8:01am
Quoting adriann
Hi there ,
for everybody that trading gbp and didnt noticed nice channel here it is
you can print out and hang this picture on your wall.
ah......I too have this one.....http://www.forexfactory.com/images/icons/icon12.gif
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Trading Levels with WRBs
  • #3,299
  • Sep 11, 2009 8:24am Sep 11, 2009 8:24am
I also have a queation off this chart.....I'm viewing the first two background gold shaded candles as confirming heavy buying on Ultr Wide Range breakaway candles - the first thru the red resistance area, the second thru the purple resistance area.

Now the third highest volume has been in the green hammer five hours ago after the UK data....here I'm reading this as initial profit taking followed by buyers absorbing this selling - hence more buyers than sellers.

So we are in a Freaky Friday and at the top of the channel / APF so whilst some pull back may happen, I'm not yet seeing any signs that this rally is finished - what do you guys think?
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Trading Levels with WRBs
  • #3,300
  • Sep 11, 2009 11:13am Sep 11, 2009 11:13am
ISLANDER:
iam waiting if it break support and resistance horizontal lines but this days seems range now.
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