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Trade Using VSA (Volume Spread Analysis)

  • #4,441
  • Dec 19, 2009 2:31pm Dec 19, 2009 2:31pm
Quoting malcolmb14
Attachment
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Blogging daily now at www.volume.zone
  • #4,442
  • Dec 19, 2009 2:36pm Dec 19, 2009 2:36pm
som,e ask me what do you mean by background ... this is all about background

trades can take hours to set up

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  • #4,443
  • Dec 19, 2009 4:05pm Dec 19, 2009 4:05pm
Quote
this is a 15m chart and i do not pick entries off of 1 tf. when watching 15m i take confirming entries from 3m after such occasions.

When dropping down to lower timeframe to make a trade, are you looking for the same signal on a lower timeframe or something different. e.g. if you see a buying climax followed by a test on low volume on a 15 min chart, then drop down to a 3-min chart to make a trade. Do you look for the same thing ( high climax followed by a test) or something else.

Thanks
  • #4,444
  • Dec 19, 2009 4:20pm Dec 19, 2009 4:20pm
Thank you guys for the great charts, very helpful in my understanding..

Great question Tarco

Kinda feel like we got these guys to ourselves huh
  • #4,445
  • Dec 19, 2009 4:27pm Dec 19, 2009 4:27pm
The last few days have been some of the best educational posts on VSA...and they are always appreciated.
  • #4,446
  • Dec 19, 2009 4:27pm Dec 19, 2009 4:27pm
Mal, on your first chart, am i seeing multiple signs of distribution starting on the far left?

if so then why wait for that break of support when it looks like you could have shorted at the top (Pink Line) where the high volume but no upside move happend (appears to be a stopping volume)

thank you
  • #4,447
  • Dec 19, 2009 10:40pm Dec 19, 2009 10:40pm
Quoting Dr.Geppynius
i pretty much prefer channels to just regular trendlines, since they define reasonably well entry areas, targets and offer a good measure for risk. as regular trendlines i like to use horizontal ones on a specific price level which showed price-volume action that caught my interest and i want to see price coming back to test later.
Hello Dr.
For the horizontal lines that you is mention, what kind of price-volume action or patterns do you use to stablish this sopport and resistences areas?

THank you for your promt response!
  • #4,448
  • Dec 20, 2009 12:34am Dec 20, 2009 12:34am
Quoting Ace
Mal, on your first chart, am i seeing multiple signs of distribution starting on the far left?

if so then why wait for that break of support when it looks like you could have shorted at the top (Pink Line) where the high volume but no upside move happend (appears to be a stopping volume)

thank you
well ....yes you are right about the distribution but if you had of waited for that 2nd really good confirmation there is practically zero risk
Blogging daily now at www.volume.zone
  • #4,449
  • Dec 20, 2009 12:37am Dec 20, 2009 12:37am
Quoting 3mmm
Hello Dr.
For the horizontal lines that you is mention, what kind of price-volume action or patterns do you use to stablish this sopport and resistences areas?

THank you for your promt response!

this was a chart I posted earlier .. see the stopping volume just under 16075 support zone .... those or low volumes tests are what you look for to buy off support

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  • #4,450
  • Dec 20, 2009 8:24am Dec 20, 2009 8:24am
just a 60m crude chart to show you market mechanics over and over again. it works in hindsight, it works in foresight.

nevertehless, i generally do not recommend entering futures on a 60m chart! so this one is just for learning purposes.
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  • #4,451
  • Dec 20, 2009 2:25pm Dec 20, 2009 2:25pm
malcolmb14,

I see that you use esignal as well and I was wondering if you might let me in on where you got those nice VSA tools you use, such as the MM lines,support/resistance levels, pivots, RSX, etc... if that is at all possible...
I'm just starting to get the VSA basics down and would like to improve my tool set.

Also... what would you recommend I use in esignal for support and resistance levels when still in the beginning VSA stages?

Thanks very much mate!

SilverKnight
  • #4,452
  • Dec 20, 2009 3:13pm Dec 20, 2009 3:13pm
to be honest, let your charts naked. you should perhaps consider it later on, when you have built skills, to support your trading by technicals.

for vsa you do not need any tools. draw tls/channels or makr levels which are important to you based on vsa. imho everything "supportive" should only be used when the basics are well mastered.


Quoting SilverKnight
malcolmb14,

I see that you use esignal as well and I was wondering if you might let me in on where you got those nice VSA tools you use, such as the MM lines,support/resistance levels, pivots, RSX, etc... if that is at all possible...
I'm just starting to get the VSA basics down and would like to improve my tool set.

Also... what would you recommend I use in esignal for support and resistance levels when still in the beginning VSA stages?

Thanks very much mate!

SilverKnight
  • #4,453
  • Dec 20, 2009 10:16pm Dec 20, 2009 10:16pm
Quoting Dr.Geppynius
bears got nicely buttloved
it happens everyday- everywhere.
very nice illustrations... makes learning quicker & more enjoyable
  • #4,454
  • Dec 20, 2009 10:35pm Dec 20, 2009 10:35pm
Quoting Dr.Geppynius
...
nevertehless, i generally do not recommend entering futures on a 60m chart! so this one is just for learning purposes.
i know nothing about futures..
do u mean here (it's ideal) to enter futures on a lower or a higher timeframe (than 60m)?

in your chart, u say
A. "we assume a smart guy bought here..."
C. "test + buy .... = Boeing Dreamliner"
D. "history ALWAYS matters... 3rd test of this level & take off"

in D., with level are u referring to A. (smart guy buying area)? also the level tested (YELLOW dotted line) is a zone, not a specific price, correct?
in C., Dreamliner means what? touch down?

Thanks Sir!
  • #4,455
  • Dec 20, 2009 10:38pm Dec 20, 2009 10:38pm
Sir malcolmb14,
do u not take time off trading during these times (holiday)?
in other words, if u see setups, u trade anytime?
Thanks!
  • #4,456
  • Dec 20, 2009 11:41pm Dec 20, 2009 11:41pm
Based on the lack of volatility, small spreads and decreased volume - would the more recent rise in price (about 100 pips) be a re-trace of the longer term DT? It seems we are also at a resistance point sooooo ?

Either SM is in the process of marking up to unload OR loading up on limited supply to blow through resistance.

It seems that the volume is lower as the price rises and increases as price falls.

I would go with an accumulate / markup phase getting ready to unload.


Thanks for any input,

Quoting malcolmb14
this was a chart I posted earlier .. see the stopping volume just under 16075 support zone .... those or low volumes tests are what you look for to buy off support

Attachment
  • #4,457
  • Dec 20, 2009 11:44pm Dec 20, 2009 11:44pm
taking her up on low volume to sell at discount after xmas ...that is my thought



Quoting Big1red9
Based on the lack of volatility, small spreads and decreased volume - would the more recent rise in price (about 100 pips) be a re-trace of the longer term DT? It seems we are also at a resistance point sooooo ?

Either SM is in the process of marking up to unload OR loading up on limited supply to blow through resistance.

It seems that the volume is lower as the price rises and increases as price falls.

I would go with an accumulate / markup phase getting ready to unload.


Thanks for any input,
Blogging daily now at www.volume.zone
  • #4,458
  • Dec 20, 2009 11:55pm Dec 20, 2009 11:55pm
Malcolmb

Just to make sure... sell at discount?

Thanks
BR

Quoting malcolmb14
taking her up on low volume to sell at discount after xmas ...that is my thought
  • #4,459
  • Dec 21, 2009 12:07am Dec 21, 2009 12:07am
Quoting Big1red9
Malcolmb

Just to make sure... sell at discount?

Thanks
BR
yes they will getting the sell higher ... so it is kind of discount
Blogging daily now at www.volume.zone
  • #4,460
  • Dec 21, 2009 2:15am Dec 21, 2009 2:15am
Quoting malcolmb14
this was a chart I posted earlier .. see the stopping volume just under 16075 support zone .... those or low volumes tests are what you look for to buy off support

Attachment

Can you post a chart of what to look for when breaking thru support/resistance

thank you sir
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