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Trade Using VSA (Volume Spread Analysis)
- #4,762
- Jan 7, 2010 1:57pm Jan 7, 2010 1:57pm
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- #4,770
- Jan 8, 2010 7:44am Jan 8, 2010 7:44am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
VSA traders are killing it today!! GU,UJ,EU,Gold
And yes I missed all of them.
Here is a good Gold example...
you are not the only one ... and I am supposed to be expert.
one lopusy gu sell off top to the pip , let it go for 30 pip....
I feel like a novice today ... very humbling
Blogging daily now at www.volume.zone
- #4,771
- Jan 8, 2010 8:08am Jan 8, 2010 8:08am
One of the things that becomes clear with VSA... it answers the "why" questions. In the pairs that I am looking at and follow, I have seen this morning... a number of the setups discussed and after the fact can see it. I don't know enough yet to have been in this live and executing trades with confidence. I can see the merit in news trades.
BR
BR
VSA traders are killing it today!! GU,UJ,EU,Gold
And yes I missed all of them.
Here is a good Gold example...
- #4,772
- Jan 8, 2010 8:14am Jan 8, 2010 8:14am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
I would not agree this was goood example.
That would be agresive entry, in my opinion.
All i see, for example, in GBP/USD today - that was very fast turn and to spot it - needs a lot of expierence...
The same from Your Gold chart what i see -...needs good expierence to spot it as gooood entry.
Just my opinion..
Best,
Tom
That would be agresive entry, in my opinion.
All i see, for example, in GBP/USD today - that was very fast turn and to spot it - needs a lot of expierence...
The same from Your Gold chart what i see -...needs good expierence to spot it as gooood entry.
Just my opinion..
Best,
Tom
VSA traders are killing it today!! GU,UJ,EU,Gold
And yes I missed all of them.
Here is a good Gold example...
- #4,773
- Jan 8, 2010 8:24am Jan 8, 2010 8:24am
I think the setup could have been....
1. Been long and short dumping the short when quote spreads narrowed.
2. Been long and short dumping the long at the top.
3. Waited for the affects of the massive volume to take it up and then sold the top.
There would be NO WAY for anyone to have seen the volume come in and bought successfully. Between wide quote spreads and price slippage you would have been filled at the top of the move.
Just my experience.
BR
1. Been long and short dumping the short when quote spreads narrowed.
2. Been long and short dumping the long at the top.
3. Waited for the affects of the massive volume to take it up and then sold the top.
There would be NO WAY for anyone to have seen the volume come in and bought successfully. Between wide quote spreads and price slippage you would have been filled at the top of the move.
Just my experience.
BR
I would not agree this was goood example.
That would be agresive entry, in my opinion.
All i see, for example, in GBP/USD today - that was very fast turn and to spot it - needs a lot of expierence...
The same from Your Gold chart what i see -...needs good expierence to spot it as gooood entry.
Just my opinion..
Best,
Tom
- #4,774
- Jan 8, 2010 8:31am Jan 8, 2010 8:31am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
I can write here the same, but beeing LIVE in the real time is big different.
I am sure, You know it also.
So i will stay away from this example as good example to short at the top.
I took a fast look at many Timeframes for GBP/USD today - I have no such expierance to spot it is as good example.
If You can - that great
Best,
Tom
I am sure, You know it also.
So i will stay away from this example as good example to short at the top.
I took a fast look at many Timeframes for GBP/USD today - I have no such expierance to spot it is as good example.
If You can - that great
Best,
Tom
I think the setup could have been....
1. Been long and short dumping the short when quote spreads narrowed.
2. Been long and short dumping the long at the top.
3. Waited for the affects of the massive volume to take it up and then sold the top.
There would be NO WAY for anyone to have seen the volume come in and bought successfully. Between wide quote spreads and price slippage you would have been filled at the top of the move.
Just my experience.
BR
- #4,775
- Jan 8, 2010 8:43am Jan 8, 2010 8:43am
As I said in an earlier post....
".........I can see it after the fact (in bold)... but not enough experience or confidence to trade it live......."
Once there is the experience and confidence, there there is fear and greed at work. Which for me, is why the trading plan or rules will need to be so exact, it won't leave room for my imagination to work on me.
BR
".........I can see it after the fact (in bold)... but not enough experience or confidence to trade it live......."
Once there is the experience and confidence, there there is fear and greed at work. Which for me, is why the trading plan or rules will need to be so exact, it won't leave room for my imagination to work on me.
BR
I can write here the same, but beeing LIVE in the real time is big different.
I am sure, You know it also.
So i will stay away from this example as good example to short at the top.
I took a fast look at many Timeframes for GBP/USD today - I have no such expierance to spot it is as good example.
If You can - that great
Best,
Tom
I would not agree this was goood example.
That would be agresive entry, in my opinion.
All i see, for example, in GBP/USD today - that was very fast turn and to spot it - needs a lot of expierence...
The same from Your Gold chart what i see -...needs good expierence to spot it as gooood entry.
Just my opinion..
Best,
Tom
What is aggressive with this gold example? I am not a VSA expert but to me this entry is an awesome example of a high volume climax and low volume no demand.
Perhaps Dr. G or Malcolmb would like to comment on the gold chart or other set-ups this morning. I saw the same very high probability set ups on GU, UJ and EU as well.
- #4,780
- Jan 8, 2010 9:21am Jan 8, 2010 9:21am
- | Joined Sep 2007 | Status: Trader | 1,404 Posts
If You will try to take such entries - Market will fast You get out with loss..
As i said - Just my opinion.
Ok, i will end my comments on this, better just some pro would answer
Best,
Tom
As i said - Just my opinion.
Ok, i will end my comments on this, better just some pro would answer
Best,
Tom
What is aggressive with this gold example? I am not a VSA expert but to me this entry is an awesome example of a high volume climax and low volume no demand.
Perhaps Dr. G or Malcolmb would like to comment on the gold chart or other set-ups this morning. I saw the same very high probability set ups on GU, UJ and EU as well.