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Trade Using VSA (Volume Spread Analysis)

  • #3,901
  • Nov 4, 2009 12:12pm Nov 4, 2009 12:12pm
Quoting mlambole
Why woudn't you want to trade live with ODL ? I confirm that ODL volume is at 95% the same as esignal, I have esignal and ODL.
I haven't traded with them live so can't speak from experience, but they just have a really bad reputation. They've done things like closing client's accounts that were using FAP Turbo for example. I never used that robot so that in particular doesn't bother me, but it's just one example of how active an effort they have against your interests. Are other examples too I've heard from other people.

But if they work for you that's what counts...just sharing as an fyi.
  • #3,902
  • Nov 4, 2009 1:26pm Nov 4, 2009 1:26pm
Quoting s21
somebody, anybody?

esignal has many feeds that can be used

gbpjpy@fxcm a0-fx is a feed form fxcm only

gbpjpy a0-fx is a gtis 200 source ( 200 interbanks , brokers etc ) combined feed and is pictorial of the market overall

I have been traidng more ES last 2 weeks due to vsa set ups being clear. It is centralized , so there fore volume is for entire market
Blogging daily now at www.volume.zone
  • #3,903
  • Nov 4, 2009 1:58pm Nov 4, 2009 1:58pm
Quoting malcolmb14
esignal has many feeds that can be used

gbpjpy@fxcm a0-fx is a feed form fxcm only

gbpjpy a0-fx is a gtis 200 source ( 200 interbanks , brokers etc ) combined feed and is pictorial of the market overall

I have been traidng more ES last 2 weeks due to vsa set ups being clear. It is centralized , so there fore volume is for entire market
I also trade and find ES clearer. There should be an ES thread.
  • #3,904
  • Nov 4, 2009 2:10pm Nov 4, 2009 2:10pm
Good idea.
Then i will start to trade ES too


he he



Best,
Tom
  • #3,905
  • Nov 4, 2009 2:39pm Nov 4, 2009 2:39pm
es not for faint of heart these days ....

Quoting tfflyer
Good idea.
Then i will start to trade ES too


he he



Best,
Tom
Blogging daily now at www.volume.zone
  • #3,906
  • Nov 4, 2009 9:04pm Nov 4, 2009 9:04pm
Quoting tfflyer
Thank You for reply.

But then i have next question :

If first candle after the test breach high of test candle and NEXT ( 2nd ) candle is NOT closing above test - That would mean re-evalute the situation and perhaps to exit ?

Best,
Tom
Let's clarify the situation:

1. The next candle makes a higher high, which brings us into the market, but closes lower than the close of the test candle.

2. The second candle fails to make a higher close than the test candle.

Well, that would mean the test failed since neither of the two following candles made a higher close than the test candle. A failed test implies residual supply (weakness) in the market and we are seeing this after we have gotten long. Yes, we would want to re-evalute the situation. (If the market is actually strong, we would expect an immediate re-test. Volume this time will be lower than the volume on the prior test.)

An immediate exit of the position may or may not be in order. That's a personal decission.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,907
  • Nov 5, 2009 2:39am Nov 5, 2009 2:39am
Hi HiddenGap,
thanks for comments.

Here i have another picture.

Please take a look or some others expierenced are welcome to comment !

Best,
Tom

Quoting HiddenGap
Let's clarify the situation:

1. The next candle makes a higher high, which brings us into the market, but closes lower than the close of the test candle.

2. The second candle fails to make a higher close than the test candle.

Well, that would mean the test failed since neither of the two following candles made a higher close than the test candle. A failed test implies residual supply (weakness) in the market and we are seeing this after we have gotten long. Yes, we would want to re-evalute the situation. (If the market is actually strong,...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 10 MIN.png Size: 156 KB
  • #3,908
  • Nov 5, 2009 3:13am Nov 5, 2009 3:13am
Tfflyer;

To be honest, I don't like that short entry there. That fact not withstanding, I would say that you should either exit on the close of that candle in question or look to stop and reverse (get long) on that candle.

That candle is very strong. It's a down candle with a very narrow range on ultra high volume-a squat. The ultra high volume coupled with the narrow range tell us that the market makers are actually bullish. With all that volume, something must be keeping the range narrow.

The herd believes they are getting a good price (to short here), but the reason they are getting a good price is because of all the demand (buy orders) the market makers can see on their books.

At any rate, this candle should put you on guard since you are short.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,909
  • Nov 5, 2009 3:17am Nov 5, 2009 3:17am
Thank You for comments.

If i would ask - why dont You like that entry ?

Thank You.


Best,
Tom

Quoting HiddenGap
Tfflyer;

To be honest, I don't like that short entry there. That fact not withstanding, I would say that you should either exit on the close of that candle in question or look to stop and reverse (get long) on that candle.

That candle is very strong. It's a down candle with a very narrow range on ultra high volume-a squat. The ultra high volume coupled with the narrow range tell us that the market makers are actually bullish. With all that volume, something must be keeping the range narrow.

The herd believes they are getting a good price...
  • #3,910
  • Nov 5, 2009 4:05am Nov 5, 2009 4:05am
Quoting tc east
i haven't traded with them live so can't speak from experience, but they just have a really bad reputation. They've done things like closing client's accounts that were using fap turbo for example. I never used that robot so that in particular doesn't bother me, but it's just one example of how active an effort they have against your interests. Are other examples too i've heard from other people.

But if they work for you that's what counts...just sharing as an fyi.
i dont know why people continue to use vsa whit forex broker's, why dont use future currencie for look at their volume?
Is centralized (cme)
personally i use 6e,6b... Etc from the start of this thread
  • #3,911
  • Nov 5, 2009 7:08am Nov 5, 2009 7:08am
Quoting tfflyer
Hi HiddenGap,
thanks for comments.

Here i have another picture.

Please take a look or some others expierenced are welcome to comment !

Best,
Tom
tom that is stopping volume on retrace in up move .. sign to add more to trade

ultra high vol down bar in up trend is buyers entering the market , if on down bar low spread
Blogging daily now at www.volume.zone
  • #3,912
  • Nov 5, 2009 7:10am Nov 5, 2009 7:10am
Quoting chrys
i dont know why people continue to use vsa whit forex broker's, why dont use future currencie for look at their volume?
Is centralized (cme)
personally i use 6e,6b... Etc from the start of this thread
futures is lightly traded ....

simple ....

I would rather use esignal gtis feed over futures
Blogging daily now at www.volume.zone
  • #3,913
  • Nov 5, 2009 10:04am Nov 5, 2009 10:04am
Quoting chrys
i dont know why people continue to use vsa whit forex broker's, why dont use future currencie for look at their volume?
Is centralized (cme)
personally i use 6e,6b... Etc from the start of this thread
Well for me at least it's because:

1) The volume info seems to be pretty accurate.
2) It's MT4 which I am familiar with, and I can use all of my templates, indicators, etc. if I want very easily.
3) It's free.
  • #3,914
  • Nov 5, 2009 10:32pm Nov 5, 2009 10:32pm
Quoting TC East
Well for me at least it's because:

1) The volume info seems to be pretty accurate.
2) It's MT4 which I am familiar with, and I can use all of my templates, indicators, etc. if I want very easily.
3) It's free.
I use mt4 because is my forex broker and for other reason like you.
I was pay much time to look mt4 volume in the past and for me is only waste of time if you want trading vsa whit real money.
I beleave esignal is the best choice but personally use future volume whit very good success from the stat of this thread..
  • #3,915
  • Nov 6, 2009 1:03am Nov 6, 2009 1:03am
Thanks Mal for comments.

Those entries are nice.


I like if i spot them in Live


Best,
Tom



Quoting malcolmb14
tom that is stopping volume on retrace in up move .. sign to add more to trade

ultra high vol down bar in up trend is buyers entering the market , if on down bar low spread
  • #3,916
  • Edited 5:45am Nov 6, 2009 5:27am | Edited 5:45am
Todays trade.

Long lasting trade and just only 13 pips lol - I was waiting for super moove as i tough i spotted great entry he he

Till my exit point - I COULDN'T SEE WHERE TO EXIT FASTER.

Any comments ?


EDIT:

Got also on GU trade.. LOSS. Got in 4 mins before news - perhaps should avoid this trade because 4 mins till news.. ?

Thanks.


Best,
Tom
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 10 MIN long.png Size: 180 KB
  • #3,917
  • Nov 6, 2009 6:13am Nov 6, 2009 6:13am
Saw distribution in gj from yesterday midish ny session. Asia today that continued. Took a couple of short. And was short when this news release came out. What a day.

BUT not posting this to brag. I reread this pdf yesterday, its already made me a bunch.

So guys read this pdf its basic and a trader who has been using it forever wrote it really to his friends. Not like MTM which is more for promotion i think. It takes about 2 hours to read.

Anyway here it is, hope it helps.
Attached File(s)
File Type: pdf VSA BASICS.pdf   665 KB | 914 downloads
  • #3,918
  • Edited 6:49am Nov 6, 2009 6:32am | Edited 6:49am
Quoting pete148
Saw distribution in gj from yesterday midish ny session. Asia today that continued. Took a couple of short. And was short when this news release came out. What a day.

BUT not posting this to brag. I reread this pdf yesterday, its already made me a bunch.

So guys read this pdf its basic and a trader who has been using it forever wrote it really to his friends. Not like MTM which is more for promotion i think. It takes about 2 hours to read.

Anyway here it is, hope it helps.
Yes, a valuable read for sure, plus it isn't copyrighted like Master the Markets.

I know I'm going to tick some people off here, but I have to say this. The free copies of MTM that people post all over this forum are COPYRIGHT VIOLATIONS! Below is right out of the book:

"Without prior written approval from TradeGuider Systems Ltd, no part of this document may be reproduced or transmitted in any form or by any means, including but not limited to electronic, mechanical, photocopying or recording or stored in any retrieval system of whatever nature." Maybe all the people posting Master the Markets as a free pdf have obtained this written permission from Tradeguider, but I kind of doubt it.

I have the ebook, but I paid the $9.95 for it. That's not exactly going to break me.

If knowing this you still want to download it for free, that's up to the individual and your own conscience, but don't make the mistake of thinking it's legal, ethical, or ok with the authors.

Sorry if I'm stepping on any toes here, but just felt this needed to be said...
  • #3,919
  • Nov 6, 2009 6:52am Nov 6, 2009 6:52am
Quoting pete148
Saw distribution in gj from yesterday midish ny session. Asia today that continued. Took a couple of short. And was short when this news release came out. What a day.

BUT not posting this to brag. I reread this pdf yesterday, its already made me a bunch.

So guys read this pdf its basic and a trader who has been using it forever wrote it really to his friends. Not like MTM which is more for promotion i think. It takes about 2 hours to read.

Anyway here it is, hope it helps.
nfp and holding short close to highs ... very high risk and not what vsa is about.... but good trading

I took shorts on no demand bars 3 min on 2x rallies and made 100 pip on very low risk trade...only about 50 pip shy of your profit i think .. just hit another short 149.40 gj
Blogging daily now at www.volume.zone
  • #3,920
  • Nov 6, 2009 6:54am Nov 6, 2009 6:54am
lol would not get on your high horse on this one.

Have you never in your life recorded something of the radio ? that is also copyright infringement.....

Quoting TC East
Yes, a valuable read for sure, plus it isn't copyrighted like Master the Markets.

I know I'm going to tick some people off here, but I have to say this....
Blogging daily now at www.volume.zone
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