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Trade Using VSA (Volume Spread Analysis)

  • #5,021
  • Edited 12:20pm Jan 28, 2010 11:22am | Edited 12:20pm
Quoting taomql4
Depends!!! but i don't risk more than 3-5 % of my account .
i like the 30-40 Sl's(or recent swing high/low)
and if they Get hit, oh well, i get back in there
Esp. if am sure about the trade and if am pushing my account limits,
then its a suckie day and i shut down my platform.

i know 3-5 % seems small but as you grow Your account , You
will have more pips to play with. it just sucks in the beginning(lol) but
you have to stay disci[pline.

Don't care how much profit you are in on a trade- always breakeven so
[b]you...

Good looking, are you moving to Break even after 15-20 pips in the green? because i have had my breakeven stop hit and the pair continues on in my original direction..

This doesnt happend as much in the ES mini but in the forex it happens esp. with GBP/JPY and GU, im assuming you just re-enter??
  • #5,022
  • Edited Jan 29, 2010 12:31am Jan 28, 2010 2:17pm | Edited Jan 29, 2010 12:31am
Simple Background Information Defined:
I think this would be a good confirmation and reference for the vets as well as the newbies

please add or subract from this list, just want to get Mal, Dr.G, toamql4 confirmations so as to not miss anything

Previous Support or Resistance Zones (trend lines, Fibs, MP's etc)
Previous High Volume Zones (esp. at New Highs and New Lows)
Previous Spikes in Volume around S/R zones
Obvious PAST Accumulation/Distribution areas (multiple spikes at S/R zones

anymore??
  • #5,023
  • Jan 28, 2010 7:50pm Jan 28, 2010 7:50pm
Hello VSA experts and non-experts alike

I am trying to learn how to identify accumulation and distribution and am asking for help.

Looking for any comments on attached GU 5 min chart. Is this accumulation? I am thinking it might be, due to higher volume at lows of the range, and lower volume at highs of range. On chart, high volumes and low prices are labeled in black, low volumes and high prices in red.

I am looking to learn here rather than justify my analysis, so please feel free to offer any comments at all, and if I'm getting this wrong, please say so!

Thank you...
Attached Image (click to enlarge)
Click to Enlarge Name: accum.jpg Size: 209 KB
  • #5,024
  • Jan 29, 2010 5:38am Jan 29, 2010 5:38am
Hi TC,
I attached a extract from "Volume Spread Analysis, by Karthik Marar".
I hope that it help you.
Regards,
Attached File(s)
File Type: pdf Accumulation.pdf   32 KB | 2,378 downloads
Knowledge is possessed only if is shared
  • #5,025
  • Jan 29, 2010 7:55am Jan 29, 2010 7:55am
Quoting corcha
Hi TC,
I attached a extract from "Volume Spread Analysis, by Karthik Marar".
I hope that it help you.
Regards,
Thanks Seems from that explanation that maybe I had it backwards. Good stuff, and I will continue to study...thanks again.
  • #5,026
  • Edited 9:19am Jan 29, 2010 9:11am | Edited 9:19am
I'm new to VSA but have had 3 really good trades this week - don't know if it's dumb luck or if I am actually starting to get it...

Attached is my chart for GU - I saw congestion beginning at 00:00 GMT (or so) and a continuous rising TVI with little effect on price until the Frankfurt open (where I said "shoulda" as in shoulda sold here).

Unfortunately, the FO is the middle of the night for me but I did sell a few hours later for a respectable 40 pips or so.

Could one of you more experienced (which includes almost everyone) comment and tell me if I'm on the right track?

Thank you.
Attached Image
Old Benjamin was right
  • #5,027
  • Jan 29, 2010 5:17pm Jan 29, 2010 5:17pm
I shorted based on daily. lfx charts seemed ok, and the pair itself was against known resistance. But i coudlnt forsee the big jump in the chf strength late day. Is this just friday EOD activity or was there some analysis i missed? should i have not gotten in at all? i'm attaching daily lfx as well since i like to use that as a guide. any help in analyzing this would be great. EDIT: the marked bars mean nothing, i just forgot to remove them.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: question.gif Size: 46 KB
Click to Enlarge Name: questiondaily.gif Size: 52 KB
Click to Enlarge Name: q2chf.gif Size: 62 KB
Click to Enlarge Name: q2gbp.gif Size: 38 KB
  • #5,028
  • Jan 31, 2010 6:27am Jan 31, 2010 6:27am
hi malcom

will u pls post u setup chart indi i like to try VSA
  • #5,029
  • Jan 31, 2010 9:17am Jan 31, 2010 9:17am
Quoting lolpie
I don't have VSA Club experience but check out these resources for a buttload of information:

http://www.tradeguider.com/customer/...x1.aspx?Submit

I also uploaded this a while ago, it's TradeGuider's Professional Chart Reading Bootcamp (more info http://www.tradeguider.com/Education/ondemand2.aspx) - http://www.megaupload.com/?d=ZIM8BTO7. Just unzip and play. 1.html plays the first video, 2.html plays the second video, etc...

Thanks lolpie

The boot camp vids are REALLY helpfull.

If anyone has any more of this kinda quality content it would be great if you'd share them.


........soooooo much to read
  • #5,030
  • Feb 1, 2010 2:37am Feb 1, 2010 2:37am
I just got up to my trading station, and found a strange situation on my charts... in fact, all of then have lower volume than it is supposed to have at this time of the day!

I'm talking about the ibfx demo 4 digit feed (the one that used to be fine, and didn't suffer from the problems that the 5 digit one has).

Look at my chart for example... by this time, it should already have some spikes.
In fact, where I used to see hundreds of units, I now see 50 to 70 units of volume.

It seems that the feed has changed... so be cautious if you use it - I don't know how it performs now (volume wise speaking, of course).
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #5,031
  • Feb 1, 2010 5:42am Feb 1, 2010 5:42am
Mine looks ok......or at least as normal!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 65 KB
  • #5,032
  • Feb 1, 2010 6:11am Feb 1, 2010 6:11am
Quoting Intel
Mine looks ok......or at least as normal!
Yours is FXCM... I'm talking about IBFX (and the 4 digit version, specifically).
  • #5,033
  • Feb 1, 2010 6:13am Feb 1, 2010 6:13am
Quoting tonirai
Yours is FXCM... I'm talking about IBFX (and the 4 digit version, specifically).

Yeah, forgot to mention that
  • #5,034
  • Feb 1, 2010 6:22am Feb 1, 2010 6:22am
Quoting Intel
Yeah, forgot to mention that
Nevermind.
Anyway, I'm trying to see what these changes will mean, and if it can produce signals as it could before...

Only took 1 trade until now (because I'm very suspicious and prudent), it was a short EJ and it did well (closed in profit);
However, first impression is that high volumes aren't as high as before (related to the other average bars)... so things are harder to pop up to your eye.
  • #5,035
  • Feb 1, 2010 6:27am Feb 1, 2010 6:27am
Quoting tonirai
Nevermind.
Anyway, I'm trying to see what these changes will mean, and if it can produce signals as it could before...

Only took 1 trade until now (because I'm very suspicious and prudent), it was a short EJ and it did well (closed in profit);
However, first impression is that high volumes aren't as high as before (related to the other average bars)... so things are harder to pop up to your eye.
I use ODL demo for volume, and it's quite good in my opinion. When the guys with esignal post charts, I sometimes match that up with what ODL shows for volume, and it's always very close...fyi.
  • #5,036
  • Feb 1, 2010 6:41am Feb 1, 2010 6:41am
Quoting TC East
I use ODL demo for volume, and it's quite good in my opinion. When the guys with esignal post charts, I sometimes match that up with what ODL shows for volume, and it's always very close...fyi.
Thank you...
IBFX 4 digit was also very close to esignal (except to the fact that very high volume spikes were actually ultra high);

I guess that's what I'll have to do... wait for some esignal chart to show up here, and then compare this new changed feed to it. If anyone has esignal... be my guest posting one
And if it doesn't match anymore, I will have to setup new charts with a new company.

It just kills me that this had to happen precisely this week, which is the one where I have the more time to trade, in a long time... it takes away the confidence
  • #5,037
  • Feb 1, 2010 6:50am Feb 1, 2010 6:50am
Just out of interest,

Can I ask what time frames people are using and which pairs they are monitoring please?
  • #5,038
  • Feb 1, 2010 6:57am Feb 1, 2010 6:57am
Quoting Intel
Just out of interest,

Can I ask what time frames people are using and which pairs they are monitoring please?
EU, GU & EJ in my case... reasons are a combination of broker's spread and lack of space (& eyes) for more.

TF... I look at M15 for direction, but take the final decision on M5 & M3 charts.
But I only aim for 10 to 30 pips, with a 15 to 20 SL... small reward/risk ratio, but overshadowed by high accuracy (above 80%).

That's the way I feel more confident doing it.
  • #5,039
  • Feb 1, 2010 7:08am Feb 1, 2010 7:08am
Quoting tonirai
EU, GU & EJ in my case... reasons are a combination of broker's spread and lack of space (& eyes) for more.

TF... I look at M15 for direction, but take the final decision on M5 & M3 charts.
But I only aim for 10 to 30 pips, with a 15 to 20 SL... small reward/risk ratio, but overshadowed by high accuracy (above 80%).

That's the way I feel more confident doing it.

Above 80%.....thats pretty good

how many trades per day?
  • #5,040
  • Feb 1, 2010 7:17am Feb 1, 2010 7:17am
Quoting Intel
Above 80%.....thats pretty good

how many trades per day?
Thank you
Between 4 to 7 entries per day, usually (with 3 orders each time, for diferent MM purpose, which triples the amount of trades in the account history).

But been trading only 1 or 2 days per week, in average, for the last month, and before that even less for some time (for professional reasons).
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