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Trade Using VSA (Volume Spread Analysis)

  • #3,521
  • Sep 28, 2009 8:11am Sep 28, 2009 8:11am
Quoting tfflyer
Thank You DR.G for comments.

Those answers answers my question.

Edited:
Just wanted to ask - which would be entry candle for short ? Last/third upbar open OR short would be as soon as this last upbar - third upbar low is broken ?
Thanks

Best,
Tom
third test of supply on the no demand was the sell with stop 1.5920 just above the ut

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Blogging daily now at www.volume.zone
  • #3,522
  • Sep 28, 2009 8:24am Sep 28, 2009 8:24am
Thanks Mal.


Best,
Tom
  • #3,523
  • Sep 28, 2009 8:17pm Sep 28, 2009 8:17pm
Quoting Dr.Geppynius
lol- i think you are talking to the wrong person here in trying to explain vsa and i am also the wrong to pick for your offense. you do not seem to have gotten the game of marketmaking, otherwise you would not say BS like brokers are neutral since they cannot be and are just mirroring the markets.

if you had a clue you'd know that i am using esignal since years and also been propagating it. so do some homework before trying to profile yourself and posting stuff from the tradeguider material which most of the people here already know.

you know...
you are right DrGP.
THE ONLY way of making money for BBs, or in particular Brokers is to take trades against other players (or retail trader )thats the only way they can make money,or otherwise they will lose( thats the nature of there buisness!!)
  • #3,524
  • Sep 28, 2009 9:30pm Sep 28, 2009 9:30pm
Quoting Dr.Geppynius
[size=3][color=Red][b]i just wanted to throw in something for you to view and remind you, that with explaining and spreading this knowledge you/we are all working on the potential upcoming failure of this way of trading.

don't assume that all of those thread views are only small retail traders...i only can say it again: the knowledge spreads it's way from such forums like FF where professionals/ brokers etc. can see the general bias or tading methodologies of the herd and work against it, because this is the way it works. it might just be wrong...
Even with all the information that is available in the world........
90ish% of traders will still fail.

Trading is much more than just seeing/knowing what to do and when.
Execution is totally different.
Period.

As someone I know says, A pattern that you must not fear the masses knowing is that price makes new highs/lows and then reverses from new highs/lows.

The laws of supply and demand will never change......price can not stand still, it has to make a new high or low. It can not continue to make a new high or low forever, and then what happens.....It reverses.
  • #3,525
  • Sep 29, 2009 1:37am Sep 29, 2009 1:37am
[quote=Dr.Geppynius;3098554]see your screenshot attached.
max you should check here is for shortterm ss[/
now back to work;
Dr GP. as you mentioned the markup I wanted to ask;
if the SM is already decided BEFORE markup/down to make a move after it (either up or down)
OR the SM makes markup/down to test the mkt and then AFTER that he decide what type of move should be done .

..any comments appreciated.
  • #3,526
  • Sep 29, 2009 2:20am Sep 29, 2009 2:20am
Hi , I know it may not be a new hint but look how different the set up looks on MT4 and esignal!

The big difference is a Volume on an up bar, which happens to be some sort of UT. It is right after a high Volume UT, which is OK, but look at that Volume.

The bar looks like a ND on esignal and a high Volume bar on IBFX 4 digit demo platform. They are both weak to me actually, but what I do not like is that the bars after show not very strong selling pressure on IBFX. Having said this, I note that the important ND bar is identical, so useful. The following bar is also similar, weak.

I think IBFX can be used for VSA (for the very reason that I would have taken the same trade here), but esignal is really more reliable IMHO. Well, this has been reiterated by Malcolmb several times .

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Kind Regards zol
  • #3,527
  • Sep 29, 2009 2:24am Sep 29, 2009 2:24am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Cable.

5-min.

Notice the *.**25 level... again.


Magnus
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  • #3,528
  • Sep 29, 2009 2:37am Sep 29, 2009 2:37am
Quoting Yuppie
Cable.

5-min.

Notice the *.**25 level... again.


Magnus
Hi Magnus,

nice chart. What package do you use? Is it the Ninja or something else? What feed?
Kind Regards zol
  • #3,529
  • Sep 29, 2009 2:38am Sep 29, 2009 2:38am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yuppie
Cable.

5-min.

Notice the *.**25 level... again.


Magnus

Actually, thinking about this post, please ignore.

I have realised that this post (and the prior one) are not really VSA.

The observations, points made and ability to trade it are possible without volume being present.


Magnus
  • #3,530
  • Sep 29, 2009 2:38am Sep 29, 2009 2:38am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting zoli
Hi Magnus,

nice chart. What package do you use? Is it the Ninja or something else? What feed?

It's all eSignal.


Magnus
  • #3,531
  • Sep 29, 2009 3:27am Sep 29, 2009 3:27am
Quoting Yuppie
Actually, thinking about this post, please ignore.

I have realised that this post (and the prior one) are not really VSA.

The observations, points made and ability to trade it are possible without volume being present.


Magnus
LOL Magnus - but who says that we should ONLY use VSA - as you know from my posts elsewhere, for me, it forms a part of my trading.....

IMO its difficult to use volume in the run up to the Frankfurt Open as this is often a quiet time....but I'm still watching it.....it wasnt until the last blue high vol candle that I actually based an entry - that last buy -
a "hit and run" trade for a bounce off the 5850 level, taken after I had IMO confirmed buying in that area....

now we're waiting for the UK data.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,532
  • Sep 29, 2009 3:37am Sep 29, 2009 3:37am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Islander
LOL Magnus - but who says that we should ONLY use VSA - as you know from my posts elsewhere, for me, it forms a part of my trading.....

IMO its difficult to use volume in the run up to the Frankfurt Open as this is often a quiet time....but I'm still watching it.....it wasnt until the last blue high vol candle that I actually based an entry - that last buy -
a "hit and run" trade for a bounce off the 5850 level, taken after I had IMO confirmed buying in that area....

now we're waiting for the UK data.....

Yeah, I have a simple test:

If I take (or would likely have taken) a trade independent of what volume is (was) doing then there is absolutely no point in having the volume on the charts.

The previous posts I refer to; had the volume been other than what it was on the charts - it would still have been a good setup. Which nullifies any benefit of having volume on.

Note: Being my own Devil's Advocate here.


Magnus
  • #3,533
  • Sep 29, 2009 3:42am Sep 29, 2009 3:42am
Quoting Yuppie
Yeah, I have a simple test:

If I take (or would likely have taken) a trade independent of what volume is (was) doing then there is absolutely no point in having the volume on the charts.

The previous posts I refer to; had the volume been other than what it was on the charts - it would still have been a good setup. Which nullifies any benefit of having volume on.

Note: Being my own Devil's Advocate here.


Magnus
I agree - also, what I was trying to say was why shouldnt you post something here that is not 100% VSA......I'm certain Shamus will soon pipe up if we get way off topic....http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #3,534
  • Sep 29, 2009 3:48am Sep 29, 2009 3:48am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Islander
I agree - also, what I was trying to say was why shouldnt you post something here that is not 100% VSA......I'm certain Shamus will soon pipe up if we get way off topic....http://www.forexfactory.com/images/icons/icon11.gif

I see what you mean, Islander.

However, if I post something, where I have highlighted volume, on a chart that I pattern-recognised without the aid of volume then I feel like a re-painting indicator incarnate!


Magnus
  • #3,535
  • Sep 29, 2009 6:13am Sep 29, 2009 6:13am
In my earlier post I mentioned the high volume 5m candle that put me into a buy off the 5850 level - then I closed at the 5875 level and went out, so I missed the great spike low down to the green MS 1 level on a very low vol doji / spinning top - a great fakeout / reverse upthrust or whatever - and a clear signal to buy for a fast 150 pip move....I hope some of you guys got on board.....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #3,536
  • Sep 29, 2009 6:35am Sep 29, 2009 6:35am
Quoting Yuppie
Actually...
I have realised that this post (and the prior one) are not really VSA.
The observations, points made and ability to trade it are possible without volume being present....
Quoting Islander
LOL Magnus - but who says that we should ONLY use VSA - as you know from my posts elsewhere, for me, it forms a part of my trading......
it's great to incorporate another 'method' from another thread. Versatility
  • #3,537
  • Sep 29, 2009 12:30pm Sep 29, 2009 12:30pm
Hi all,

Just wondering if anybody would have taken this trade on the EuroDollar. I thought about it but didn't because it was counter to the trend which is down. There is climatic action on a down candle in the back ground and seems that prices were being supported if only for a short trip to the top of the 5 min channel that it's been in. The red line above is a 15 min down channel that it's also in. Could have made 30 pips on the deal. Any opinions?
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  • #3,538
  • Sep 29, 2009 1:03pm Sep 29, 2009 1:03pm
Hi Scottstone,
I am in that trade, reason being: buyers coming in after hitting middle of the channel for the first time, followed by several other solid signs of strength around the middle of the channel. My target is the supply line, given it's most likely countertrend trade.
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  • #3,539
  • Sep 29, 2009 1:49pm Sep 29, 2009 1:49pm
Quoting Pipsy108
Hi Scottstone,
I am in that trade, reason being: buyers coming in after hitting middle of the channel for the first time, followed by several other solid signs of strength around the middle of the channel. My target is the supply line, given it's most likely countertrend trade.
Ya, nice one. I could see the buyers coming in but lost my nerve and I am now kicking myself for not taking it. Damn emotions!
  • #3,540
  • Sep 29, 2009 1:57pm Sep 29, 2009 1:57pm
Quoting Scottstone
Hi all,

Just wondering if anybody would have taken this trade on the EuroDollar. I thought about it but didn't because it was counter to the trend which is down. There is climatic action on a down candle in the back ground and seems that prices were being supported if only for a short trip to the top of the 5 min channel that it's been in. The red line above is a 15 min down channel that it's also in. Could have made 30 pips on the deal. Any opinions?
I was in the air, so certainly did not see it
What are all those diamonds on your chart? Is this the VSA trainer already?
I am curios how that looks after all the hard work some lads put into that.
Kind Regards zol
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