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Trade Using VSA (Volume Spread Analysis)

  • #3,621
  • Edited 11:50pm Oct 3, 2009 2:25am | Edited 11:50pm
Quote
The last time I made a post like this, it set off a firestorm.

I hope we don't get a repeat. (Don't worry HG, I'll be standing by your side )

News trading has a special place in VSA. However, VSA is not about trading the news. It is about a fundamental concept. Indeed, a "first principle".

The Smart Money uses news releases to take positions against the herd. They need such news releases because the usually increased volume surrounding them allows the SM to get into a positions cheaply. Because the Sm trades in such...

Just a few more thoughts on Volume Zones and Price Action ... and News.

Hope this helps...

Sincerely,

Chief
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  • #3,622
  • Oct 3, 2009 3:48am Oct 3, 2009 3:48am
Quoting tfflyer
Hey fxspain,
please post picture for esignal and ibfx for comparing.

Thanks !

Best,
Tom

The pictures ...
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You make money by waiting, not by trading.
  • #3,623
  • Oct 3, 2009 4:25am Oct 3, 2009 4:25am
FXspain, Which is which?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,624
  • Oct 3, 2009 4:27am Oct 3, 2009 4:27am
Quoting HiddenGap
FXspain, Which is which?
The first one is IBFX MT4 and the second one is Ninja Trader with eSignal data feed.
You make money by waiting, not by trading.
  • #3,625
  • Edited 5:26am Oct 3, 2009 4:52am | Edited 5:26am
I was clicking short on IBFX as i saw high vol on up candle (5 sec before candle close ) closing in middle or lower, but just in last second candle changed to down candle. That was really in last second.

But, yes, it tells quite a different stories esignal and ibfx.

Perhaps, this is where we should look on smaller TF ( for ibfx for confirmation ), so we could see exactly from where came volume. But what i know..

HG should answer better, perhaps, there was some signs, what tells the same story

Best,
Tom
  • #3,626
  • Oct 3, 2009 5:30am Oct 3, 2009 5:30am
Quoting fxspain
The first one is IBFX MT4 and the second one is Ninja Trader with eSignal data feed.
This is my observation as well. This climactic action is way too climactic on IBFX. By the way, how much you pay for the esignal feed? I guess his is somewhat cheaper since you do not use their chartig program, only their feed.
Kind Regards zol
  • #3,627
  • Oct 3, 2009 5:46am Oct 3, 2009 5:46am
Quoting zoli
By the way, how much you pay for the esignal feed? I guess his is somewhat cheaper since you do not use their chartig program, only their feed.
It's also possible to get GTIS Forex feed through LiveCharts subscription from eSignal - it's 20 dollars per month for LiveCharts, 33 dollars per month for the feed. For $53 per month I think there is really no excuse for not having it, even though the application is very basic.

When I started trading VSA, I was using IBFX demo, but it was pretty confusing. Maybe it was just the method was new to me, it's hard to tell retrospectively, but I am not the only one who seems to have problem reading IBFX data. eSignal feed works very well for me.
  • #3,628
  • Oct 3, 2009 6:03am Oct 3, 2009 6:03am
I think there's no doubt about the quality of the eSignal data feed. As other had said, if you want to trade this seriously you have to use reliable data and to me eSignal seems to be the best option.

It costs me US $ 100 per month, only for data feed. If you visit the Ninja Trader platform web you will see the options of external data feeds you can use, among them you'll find the eSignal data one and an explanation about purchasing it ans using it on Ninja Trader.


P.S.- Excuse my English ...
You make money by waiting, not by trading.
  • #3,629
  • Oct 3, 2009 6:12am Oct 3, 2009 6:12am
Quoting fxspain

P.S.- Excuse my English ...
Muchas gracias amigo! Sorry for my Spanish!
Kind Regards zol
  • #3,630
  • Oct 3, 2009 6:19am Oct 3, 2009 6:19am
Who could tell me what is difference between 33 $ feed ( or 53 $ all feed package ) and 100 $ e signal feed ?

Also, if i had data feed for 33 $ i can use it for Ninja trader ?

Thanks.


Best,
Tom



Quoting Pipsy108
It's also possible to get GTIS Forex feed through LiveCharts subscription from eSignal - it's 20 dollars per month for LiveCharts, 33 dollars per month for the feed. For $53 per month I think there is really no excuse for not having it, even though the application is very basic.

When I started trading VSA, I was using IBFX demo, but it was pretty confusing. Maybe it was just the method was new to me, it's hard to tell retrospectively, but I am not the only one who seems to have problem reading IBFX data. eSignal feed works very well for me.
  • #3,631
  • Oct 3, 2009 6:27am Oct 3, 2009 6:27am
Quoting tfflyer
Who could tell me what is difference between 33 $ feed ( or 53 $ all feed package ) and 100 $ e signal feed ?

Also, if i had data feed for 33 $ i can use it for Ninja trader ?

Thanks.


Best,
Tom
I am very interested in this too. I have been looking for this in the eSignal web but I have just found that if you use the Live Charts service (it costs 19,95 per month) you could use the GTIS Forex data for 50 per month. It shows that GTIS Forex data will cost 33 only if you are a "Market Center Live" or "Quo Trek" subscriber.

Please Pipsy, Could you give us more info???. Thanks in advance.
You make money by waiting, not by trading.
  • #3,632
  • Oct 3, 2009 6:42am Oct 3, 2009 6:42am
Quoting fxspain
I am very interested in this too. I have been looking for this price in the eSignal web but I have just found that GTIS Forex data costs 50 per month plus 19,95 for the Live Charts service. It shows that GTIS Forex data will cost 33 only if you are a "Market Center Live" or "Quo Trek" subscriber.

Please Pipsy, Could you give us more info???. Thanks in advance.
The feed is always the same. When I was subscribing to LiveCharts, I paid 33 for it. You can check the price by filling in the registration forms for the service, true price will show up somewhere before it asks you for the credit card. I am not aware of any changes in pricing. You can't use this service with Ninja Trader, because it requires either buying the feed bundled with NT, or you need full eSignal subscription, in which case you have to install eSignal software to make the feed available to NT.

So far I am using only LiveCharts, because I am trading only Euro, so the limitations of the platform are not really that limiting to me. Also unlike the eSignal software LiveCharts run on Macs, which makes it more convenient for me.
  • #3,633
  • Oct 3, 2009 7:58am Oct 3, 2009 7:58am
Anyone experience with Barchart data feed?Would that be as good as esignal?
Kind Regards zol
  • #3,634
  • Oct 3, 2009 9:15am Oct 3, 2009 9:15am
Quoting chief1oar
Just a few more thoughts on Volume Zones and Price Action ... and News.

Hope this helps...

Sincerely,

Chief
thankyou chief for repeated informative charts.
it seems that prices likes to retest the UH Vol zone or it is not a MUST?
also wanted to ask what sow stands for ... pinbar?
  • #3,635
  • Oct 3, 2009 9:48am Oct 3, 2009 9:48am
SOW - Sign if Weakness.

Quoting rockk
thankyou chief for repeated informative charts.
it seems that prices likes to retest the UH Vol zone or it is not a MUST?
also wanted to ask what sow stands for ... pinbar?
  • #3,636
  • Oct 3, 2009 9:50am Oct 3, 2009 9:50am
Thank You for Your comments.

Best,
Tom

Quoting HiddenGap
Good question Tfflyer. I can always count on you to keep things interesting.

As I said, I do not use this particular technique. The way I understand it, the focus is on the close and not the volume. That is to say, if you are short and the third close is a narrow range up bar on volume less than the previous two candles, you would exit. Not withstanding the fact that this candle is No Demand.

As a trader becomes more comfortable with volume, I would make sense that exception would be made when the volume is "screaming" stay in the trade....
  • #3,637
  • Oct 3, 2009 10:01am Oct 3, 2009 10:01am
Quoting zoli
Anyone experience with Barchart data feed?Would that be as good as esignal?
Hello Zoli, As for Barchart, as to my knowledge, you cant use them as they dont volume as an indicator. Eventhough Ninja Trader has volume as an indicator, if you apply Barchat as the data feed, there will be nothing showing for the volume indicator and it will be empty with no volume bars at all.

I know it since i have already tried and cancelled subscribtion right away after it lol. Cant use a datafeed that will not give me volume at bottom for as it is crucial for our trading.

After having tried all of them, livechart 53$ (good but really too limited to me to be of any real use), Esignal full charting package 175$ (too expensive for nothing), Investor R/T with esignal as data feed 155$ (nice chart but too expensive for nothing too), Ensign Window with esignal data feed 150$ (again too expensive), Sierra chart (no esignal possible so had to dropped it eventhough i really like their charting platform) and finally Ninja Trader with Esignal data feed 100$. I am sticking with Ninja Trader as platform is very friendly user and 100$ a month is ok to me as my trading do justify that business expense.

Will also post a chart with Ninja Trader and at bottom is a very nice volume indicator that i bought for 105$ (1 time fee) and that i really like as it is very visually appealing. Blue bars represent candle close above previous candle, red bars represent candle candle close lower than previous candle.

This chart is self-explanotary as already beed well described by HiddenGap.

Those setups shows up again and again and really do shows us that with patience and a sound and logical approach to the market, even trading after news events is a good thign and consistently showing great setups.

The key is being patient enough to wait for the setup to manifest itself.

Hope it help

Sincerely

Shreem
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Click to Enlarge Name: $EURUSD 02_10_2009 (5 Min).jpg Size: 114 KB
  • #3,638
  • Edited 10:26am Oct 3, 2009 10:15am | Edited 10:26am
Quoting shreem
Hello Zoli,
.....finally Ninja Trader with Esignal data feed 100$. I am sticking with Ninja Trader as platform is very friendly user and 100$ a month is ok to me as my trading do justify that business expense.

Hope it help

Sincerely

Shreem
Dear Shreem,

it does indeed! Malcolm also pointed out these to me previously. I have been thinking on this for a while and have a trial esignal feed and chart at the moment. I like it a lot but my trading results can not justify $200 monthly expense; I can not use VSA method without good data though. As long as I am not good enough trader I guess I have to understand the fee as business investment for a while. I will be going for the esingnal feed with ninjatrader I think.

I saw that there is integrated trading available with different brokers also but I am confused because there is ninjatrader platform for money too in case of live trading.

I would like to have ninjatrader with esignal feed and integrated trading if I can. I guess I need to ask Ninjatrader support for these.....

I hope you are all having a great weekend!

HG,

great explanation on the trade following news! thx

PS: I will keep it down with these feed stuffs otherwise open a new thread with data feed discussion

EDIT: How to indicate Volume on 60m properly??? or on any higher TF? If I can not see them I have a problem.....
Kind Regards zol
  • #3,639
  • Edited 10:52am Oct 3, 2009 10:31am | Edited 10:52am
Hi Shreem,
so, for esignal 100 $ monthly fee i will got only GTIS Forex data feed or i will get GTIS forex data feed + for other instruments data feed ?




Thanks.

Best,
Tom
  • #3,640
  • Oct 3, 2009 10:40am Oct 3, 2009 10:40am
Zoli,
Dr.gep replied to Your post, that if You want data above 1440, You need some EOD data and realtime provides it.

I am using IBFX yet.. It looks like it shows good data.. Offcourse, GTIS would be better.


Also, i remember that in Todds video he said what he was using to see real data for day volume. But i dont remember what data feed it was.

Best,
Tom

Quoting zoli
Dear Shreem,

it does indeed! Malcolm also pointed out these to me previously. I have been thinking on this for a while and have a trial esignal feed and chart at the moment. I like it a lot but my trading results can not justify $200 monthly expense; I can not use VSA method without good data though. As long as I am not good enough trader I guess I have to understand the fee as business investment for a while. I will be going for the esingnal feed with ninjatrader I think.

I saw that there is integrated trading available with different brokers...
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