and Oh yeah..
2010...just take what you need and run..
25-30 pips per day and you are a successful trader.
2010...just take what you need and run..
25-30 pips per day and you are a successful trader.
Attached Image (click to enlarge)
Trade Using VSA (Volume Spread Analysis)
- #4,641
- Edited 4:42pm Jan 1, 2010 4:19pm | Edited 4:42pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #4,642
- Jan 1, 2010 4:58pm Jan 1, 2010 4:58pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #4,644
- Edited 5:59pm Jan 1, 2010 5:48pm | Edited 5:59pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
seems that this thread turned into a funny picture clash 
- #4,646
- Jan 2, 2010 2:59am Jan 2, 2010 2:59am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #4,648
- Jan 2, 2010 9:49am Jan 2, 2010 9:49am
I am having a bit of trouble trying to decipher VSA on this chart....
I am relatively new to the vsa system here but having been in business for too many years understand market manipulation and demand and supply. The concepts put forward with vsa make total sense too me and all I need to do is learn too read my charts with all this info at hand.
With regard to your chart, my humble perhaps misguided opinion is as follows. There is an excellent explanation of the colours used in post 1 (download the pdf by ScottStone) which states that the "Magenta bar - Climax volume plus High volume churn" is rare but indicative of an imminent up or downtrend. Bearing that in mind and following the excellent work Sam Seiden does on supply and demand I would have read the chart as follows.
The first buy spike is either a stop test by the sharks to make it easier to buy up later or a move upwards by novice traders without too much support from other buyers as evidenced. Sellers are still in dubious control. The 2nd magenta volume spike is too me the one that tells the full story. The buyers realize that they need to pull a few more into their attack and buy into a candle that most would expect to go lower which a few bars later it does, right into the arms of the buyers buddies support line where they head off upwards chewing up a few new just made lemming stops on the way. Looks like a standard 3 bottom reversal ploy.
The second and third magenta volume lines are also in interesting places you might note.
So did the big boys manipulate this little movement or did somebodies moving average predict something other than follow the herd and like lemmings we all fall off the cliff. Took me a long time to understand that the big profits all start against the minor trends because that is where you buy wholesale and sell retail.
I have paid my tuition fee to this market too long being in the herd and thoroughly look forward to trading VAS.
Cheers.
If anyone here thinks my concept of what happened on this chart is a load of bs
I am all ears too how I should have read it. So many of you have done a fantastic job in having this work available in a public forum.
Happing pipping to all.
- #4,650
- Jan 3, 2010 11:37am Jan 3, 2010 11:37am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
another great day...I am still reading and reading this beatifull thread.
Thanks for any support Malcolmb, Dr. Geppynius and others..superb thread, but I am getting convinced to really read the book MTM from T. williams again and again.
Thanks for any support Malcolmb, Dr. Geppynius and others..superb thread, but I am getting convinced to really read the book MTM from T. williams again and again.
- #4,657
- Jan 4, 2010 11:34am Jan 4, 2010 11:34am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Gez,
thanks for the great answer!!!!
Just to add...when we are in up trend and we get to the point of sign of " no selling pressure " ( low volume down bars with narrow spreads show no selling pressure so prices can now continue up. ) , what do you think about the volume of the following candle, which should be a kind of confirmation or ... ...is it still dependable on background or next volume on the next bar should be even higher/ or lower?????
Thanks..
can You help me how to make attachments so I can do more for this thread even today I did trade according VSA ( I hope so )..and profitable..thanks to Malcolmb, and others in this thread
thanks for the great answer!!!!
Just to add...when we are in up trend and we get to the point of sign of " no selling pressure " ( low volume down bars with narrow spreads show no selling pressure so prices can now continue up. ) , what do you think about the volume of the following candle, which should be a kind of confirmation or ... ...is it still dependable on background or next volume on the next bar should be even higher/ or lower?????
Thanks..
can You help me how to make attachments so I can do more for this thread even today I did trade according VSA ( I hope so )..and profitable..thanks to Malcolmb, and others in this thread
You need to see what is in the background, if the market is trending down no demand up bars are signs of weakness, it shows no interest in higher prices at the moment, no supply or testing is seen at the start and during up trends low volume down bars with narrow spreads show no selling pressure so prices can now continue up. Having said that, you need to look at the background and always wait for confirmation from the next bar or bars.
Gez
- #4,660
- Jan 4, 2010 11:46am Jan 4, 2010 11:46am
- | Commercial User | Joined Dec 2007 | 1,089 Posts
Thanks for the answer, I sit here with my friend who has better education in computers ( I just abuse them 
), so he helped me...
what do you think would be good entry in that attachment???
Slovakia
), so he helped me...what do you think would be good entry in that attachment???
Slovakia