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Trade Using VSA (Volume Spread Analysis)

  • #3,541
  • Sep 29, 2009 3:28pm Sep 29, 2009 3:28pm
Quoting zoli
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.
Hey Zoli, those diamonds and dots are just some indicators I created to try and spot weakness and strength in the back ground.

The blue dots are reversal type bars and the blue diamonds are doublebottom doubletop type of bars modified somewhat. The blue and magenta bars are just to help me spot upthrust and springs. The letters are what I manually put in as I am watching the bars unfold. Helps me keep the background in perpective.

I don't have a whole lot of experience programming so I can't wait to see what Shamous comes up with!

Cheers!
  • #3,542
  • Sep 29, 2009 3:39pm Sep 29, 2009 3:39pm
Quoting Scottstone
I don't have a whole lot of experience programming so I can't wait to see what Shamous comes up with!

Cheers!
Nice. Same here. I personally love to label bars to attract my attention even more as the market unfolds. That is nice to do!

May the force be with us all!
Kind Regards zol
  • #3,543
  • Sep 30, 2009 12:10am Sep 30, 2009 12:10am
[quote=rockk;3100974]
Quoting Dr.Geppynius
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.
sorry to repeat the discussion,but if not answered i will conside it not important vsa wise
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 ?
  • #3,544
  • Sep 30, 2009 8:07am Sep 30, 2009 8:07am
LOL - this thread is dead - anyway, I hope that other traders saw the distribution that was taking place this morning - Europeanwise - especially around todays R2 level the dotted blue line at 6090.

I was talking about it elsewhere and also that I had a sell limit at 6122, which the early NY traders triggered - thanks guys http://www.forexfactory.com/images/icons/icon14.gif - I TPd at the confluence of todays pivot and the 6025 level and resold the 6050 level....now I'm waiting for the main US markets to open.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep 29 cable 15m 1300 gmt.gif Size: 21 KB
Trading Levels with WRBs
  • #3,545
  • Sep 30, 2009 8:13am Sep 30, 2009 8:13am
Quoting Islander
LOL - this thread is dead - anyway, I hope that other traders saw the distribution that was taking place this morning - Europeanwise - especially around todays R2 level the dotted blue line at 6090.

I was talking about it elsewhere and also that I had a sell limit at 6122, which the early NY traders triggered - thanks guys http://www.forexfactory.com/images/icons/icon14.gif - I TPd at the confluence of todays pivot and the 6025 level and resold the 6050 level....now I'm waiting for the main US markets to open.....

1.6120 here.....closed on 1.6008 high vol pivot 4 days back

now watching to see what cook

60 min volumne was highest in 1.5 months could be loaded with buyers
Blogging daily now at www.volume.zone
  • #3,546
  • Sep 30, 2009 8:22am Sep 30, 2009 8:22am
Quoting malcolmb14
1.6120 here.....closed on 1.6008 high vol pivot 4 days back

Ah - thanks for that - I'll take a look

now watching to see what cook

me too - I closed my short off the 6050 level

60 min volumne was highest in 1.5 months could be loaded with buyers
mm - I'm not certain about buyers and restarting my market profile at LO there's not a lot of new volume since the ADP - just what I'd expect after the sharp drop.....Time Will Tell....
Trading Levels with WRBs
  • #3,547
  • Sep 30, 2009 8:24am Sep 30, 2009 8:24am
Quoting Islander
mm - I'm not certain about buyers and restarting my market profile at LO there's not a lot of new volume since the ADP - just what I'd expect after the sharp drop.....Time Will Tell....

1.60000 is key

have to wait thru oil data to see reaction to that ultra high vol 60 min , for now lower highs on 15 min , above 1.6050 will take long , other than that watching for break down 1.6000
Blogging daily now at www.volume.zone
  • #3,548
  • Sep 30, 2009 8:25am Sep 30, 2009 8:25am
I saw weakness and trigered some shorts few times, but ... my orders got closed at BE. So, my timing for shortening orders was not good. Need to learn more to click orders in right place and time

Best,
Tom
  • #3,549
  • Sep 30, 2009 8:38am Sep 30, 2009 8:38am
Quoting malcolmb14
1.60000 is key

have to wait thru oil data to see reaction to that ultra high vol 60 min , for now lower highs on 15 min , above 1.6050 will take long , other than that watching for break down 1.6000
I'm expecting some follow thru - as long as the fib retracements are respected - so far the 38% has held it, 50% is at 6066 and the 61% at 6080

Running MP back 4 days I found a high vol pivot at 6014 off IBFX data, http://www.forexfactory.com/images/icons/icon7.gif with the highest vol around the 5950 level - as I've taken another short off the lower high ~the 6040 level, that would be a nice target.....
Trading Levels with WRBs
  • #3,550
  • Sep 30, 2009 8:42am Sep 30, 2009 8:42am
Quoting Islander
I'm expecting some follow thru - as long as the fib retracements are respected - so far the 38% has held it, 50% is at 6066 and the 61% at 6080

Running MP back 4 days I found a high vol pivot at 6014 off IBFX data, http://www.forexfactory.com/images/icons/icon7.gif with the highest vol around the 5950 level - as I've taken another short off the lower high ~the 6040 level, that would be a nice target.....
me to off 1.6039

15 min lower highs
Blogging daily now at www.volume.zone
  • #3,551
  • Sep 30, 2009 9:00am Sep 30, 2009 9:00am
Quoting malcolmb14
me to off 1.6039

15 min lower highs
I've locked in 40+ pips, still looking at the 5950 level - that would make todays range 175 pips - 15 pips over the 6 day ADR - I'll be happy at that, especially as I'm cooking for friends tonight.....http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #3,552
  • Sep 30, 2009 9:13am Sep 30, 2009 9:13am
Quoting Islander
I've locked in 40+ pips, still looking at the 5950 level - that would make todays range 175 pips - 15 pips over the 6 day ADR - I'll be happy at that, especially as I'm cooking for friends tonight.....http://www.forexfactory.com/images/icons/icon11.gif
As Bravado would say.....Cha-Ching http://www.forexfactory.com/images/icons/icon6.gif

That first bottle of Rioja's going to go down even better....
Trading Levels with WRBs
  • #3,553
  • Sep 30, 2009 9:15am Sep 30, 2009 9:15am
Quoting Islander
I've locked in 40+ pips, still looking at the 5950 level - that would make todays range 175 pips - 15 pips over the 6 day ADR - I'll be happy at that, especially as I'm cooking for friends tonight.....http://www.forexfactory.com/images/icons/icon11.gif
5950 half off and leaving half for 1.5750 with stop break even
Blogging daily now at www.volume.zone
  • #3,554
  • Sep 30, 2009 9:21am Sep 30, 2009 9:21am
Quoting malcolmb14
5950 half off and leaving half for 1.5750 with stop break even
Hey, do not take away all those pips you. Arrived late and seen this beauty. In since 6033, profit taken, small risk free position left for eternity or ultimate victory. If good short set up comes later I open a good position and will better with this one.
Kind Regards zol
  • #3,555
  • Sep 30, 2009 9:28am Sep 30, 2009 9:28am
Quoting Islander
LOL - this thread is dead - anyway, I hope that other traders saw the distribution that was taking place this morning - Europeanwise - especially around todays R2 level the dotted blue line at 6090.
This trade should not be dead! Perhaps it looks so because Master Shamus is too busy to get the lads to the playground. Come back, baby come back...
Kind Regards zol
  • #3,556
  • Edited 12:28pm Sep 30, 2009 11:43am | Edited 12:28pm
Hello,
i have questions regarding High vol wide bars.

1)
Bar Nr.1 - High Vol up bar closing of the highs, wide spread, next bar down on average volume - Weakness...

BUT if next bar would be down on low volume after this kind of bar - do we think that it is real weakness? Or, it doesnt matter on what volume is next down bar after climatic action.. If its downbar - its weakness ?

2)
Bar Nr.2 - High vol down bar closing in the midle. Next bar down and also closing of the lows.
This is place where i would like to look for longs..

And that why i tough not to go short on UT. ( UT, which is right at the W_PIVOT )

What should change my mind that it is not strenght, but weakness on those down bars ?



Thank You.

Best,
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: q 2.gif Size: 19 KB
  • #3,557
  • Sep 30, 2009 12:11pm Sep 30, 2009 12:11pm
Quoting tfflyer
Hello,
i have questions regarding High vol wide bars.

1)
Bar Nr.1 - High Vol up bar closing of the highs, wide spread, next bar down on average volume - Weakness, because next bar on average volume down ?
Or Weakness could be also, if next bar would be down on low volume after this kind of bar ?

2)
Bar Nr.2 - High vol down bar closing in the midle. Next bar down and also closing of the lows.
This is place where i would like to look for longs..
And that why i tough not to go short on UT.
What should change my mind that it is not strenght,...
Tom,

for the sake of a discussion, I think the area of your high V up bar had really high potential for bounce down. Look at the level 6123 on this chart:
http://www.forexfactory.com/showpost...stcount=171297
I think it is weak because:

1. the zone is a potentially strong supply level
2. it is an area where even on 5m the price did not make it a few bars before
3. the whole up move since London Open was sluggish
4. next bar down
5. bar closes not on its highs

As to the high V down bar closing on the highs - I think with all that weakness (as above points) behind just bellow potential R level suggests big risk to go long just yet after this bounce. Even if your analysis was suggesting you to go long, a Test or NS is recommended anyway.

These are just my thoughts on this and, IMHO, it is better to have a look on the 15m and 1H sometimes to see where it makes "sense" for the price to go.
Correction: I know the price goes all around the place anyway.......
Kind Regards zol
  • #3,558
  • Sep 30, 2009 12:20pm Sep 30, 2009 12:20pm
Thanks Zoli, i understand what You are saying, but that was not my question.
I edited it, so others could understand it better.

Best,
Tom
  • #3,559
  • Sep 30, 2009 12:28pm Sep 30, 2009 12:28pm
Quoting tfflyer
Hello,
i have questions regarding High vol wide bars.

1)
Bar Nr.1 - High Vol up bar closing of the highs, wide spread, next bar down on average volume - Weakness...

BUT if next bar would be down on low volume after this kind of bar - do we think that it is real weakness? Or, it doesnt matter on what volume is next down bar after climatic action.. If its downbar - its weakness ?

2)
Bar Nr.2 - High vol down bar closing in the midle. Next bar down and also closing of the lows.
This is place where i would like to look for longs..

And...
tom look at this on a 15 min ... often 15 min shows larger drops better than 5 min .

the no demand and the reversal after effort to rise were stright forward
Blogging daily now at www.volume.zone
  • #3,560
  • Sep 30, 2009 12:32pm Sep 30, 2009 12:32pm
Quoting tfflyer
Thanks Zoli, i understand what You are saying, but that was not my question.
I edited it, so others could understand it better.

Best,
Tom
Eh.....

Yet again I did not understand a question? Embarrassing, sorry for that. It is time to go back to school Mr Z!
Next time I should read it more carefully.
Kind Regards zol
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