Trade Using VSA (Volume Spread Analysis)
- #5,142
- Feb 8, 2010 7:06am Feb 8, 2010 7:06am
And because I have a very dry sence of humour I also could not stop laughing at the comment that Shamus made about the "Mount Fuji shakeout"(To this day my wife still asks me why I woke her up by laughing so hard for something like that)
Mount Fuji fakeout is probably the most awesomest discovery like ever in VSA.
*whispers* not really
- #5,146
- Edited 10:08am Feb 8, 2010 9:43am | Edited 10:08am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
Was it a bad question? wrong approach or something else? no comments at all? two posts on this thread none of them answered......am I not welcome or do a smell bad?
playing off the daily stoping vol.===using the 15TF
bought(accumulation at the bottom) ,then sold -----looking to get in on pullback..
- #5,151
- Feb 8, 2010 11:20am Feb 8, 2010 11:20am
- Joined Dec 2009 | Status: Trader | 2,367 Posts
do people really trade with this http://cdn.forexfactory.com/attachme...8&d=1265428734
I see after the 'BUY BUY BUY BUY' signal
it dropped 107 pips
The Mighty Mount Fuji Fakeout: credits to Wallst.
Hey Shamus, did I ever tell you about the magazine I read the other day with the "Honolulu up-thrust"? ye ye you see what happened was I got home from work one day and they accidentally delivered our neighbors mail at our house. One of the pieces was a brown unmarked envelope.
It felt like a magazine, and due to the fact that I knew my neighbor was also a trader I though it may be some kind of financial mag. Now me and my neighbor we always borough each others stuff, so I though I would just read through it quickly and give it back to him.
Now these guys they did have a funny market strategy. They have all them pictures of woman through out the whole mag, but I though to myself "hey, what a great place to ask for money for people who have no food or clothes like these ladies" You know the people who read these financial times have allot of money, so that was quite clever of them.
Anyway, just like in the markets they also have some people trying to take chances, for on this one page there was a lady who could not afford any clothes, but still she had her own horse... so immediately I thought that she must be a scammer. I will def not send her any money.
I remember this because it was on the next page that there was this short article (there really was more adds than articles in this mag I must say) about VSA I think, and in this article they did talk about how great the "honolulu up-thrust was" And you know what, I think these guys must make a bucket full because they also said that it works best if you do it in the shower. Now we all know that you have to be pretty rich to afford a waterproof laptop hey...
One good thing about the mag was that they did talk allot about MM, seeing that every now and again they did talk about blowing, and we all know how bad it is if you blow up your account. So at least they have the basics right...
At the back they also have allot of phone numbers of "professional services" to help you with your trading I guess. I did look through it but could not find DR G there, but as I though Mal was there, so at least there was someone from FF.
Anyway, after I finished the mag I went over to my neighbor, but only his wife was there. That was when I realized that he must not be a good trader, for when i gave the mag to his wife she just looked at it and said a few bad words. He must be blowing allot of there hard earned money on trading. So seeing that I like him so much I decided I would buy him the mag every month and leave it in front of his door so that he can learn an become a better trader. I even phoned one of those professional ladies to help him with his trading.... I wonder how it is going.....
Anyway, I am still keeping my eye out for that VSA article and when I find it again I will be sure to post it...
Regards
PH
Live happens 5 minutes at a time...
- #5,155
- Feb 8, 2010 12:17pm Feb 8, 2010 12:17pm
- Joined Dec 2009 | Status: Trader | 2,367 Posts
Hey Shamus, did I ever tell you about the magazine I read the other day with the "Honolulu up-thrust"? ye ye you see what happened was I got home from work one day and they accidentally delivered our neighbors mail at our house. One of the pieces was a brown unmarked envelope.
It felt like a magazine, and due to the fact that I knew my neighbor was also a trader I though it may be some kind of financial mag. Now me and my neighbor we always borough each others stuff, so I though I would just read through it quickly and give it back to him....
Be sure to post that article!!!
- #5,157
- Feb 8, 2010 7:22pm Feb 8, 2010 7:22pm
Hello traders,
I have been lurkin for a while and studying vsa for a while now. I´ll like to ask you guys in which TF do you have the most accurate signals? in my first chart (daily) I see a stopping volume which I interprete as a bullish sign(right? or should I wait for other confirmation?) the second chart (H4) is showing signs of strenght in my opinion.
I´ll appreciate your comments on that.
Thank you all and good trading.
First chart: Last bar does have a kind of stopping volume look to it, but the background is weakness for sure. One option would be to wait for the next bar; if a downbar, then the strength is negated. If an upbar with decent volume, then strength would be more confirmed.
Second chart: I don't know if that last bar was closed, so will ignore that for now, but I'm not seeing much strength there otherwise. You did point out some low vol downbars, but price kept going down after those bars, so no confirmation of strength there. However, if assuming that last bar is closed, then there is kind of an "8 hour" stopping volume bar perhaps (combining the last two bars as one), and that would be strength I'd say.
So anyway, that's some non-expert feedback for what it's worth...
- #5,159
- Feb 8, 2010 9:51pm Feb 8, 2010 9:51pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
15 min worked well
here is tg charts .... 1st up move to 1.3700 got hit with buying cliumax
down move to 1,3650 ( major /sr on weekly) got hit with buyers on stopping volume
double top to 1.3700 2nd top was nd ( nt picked up by tg on 15 min)
then in asia we have test 1.3650 , however seems like sellers at 1.3700
right now she is ranging ... higher time frame works better
1.3700 to 1.3650 is range for now
on a daily we do have stopping volume at 1.3600 zone.
here is tg charts .... 1st up move to 1.3700 got hit with buying cliumax
down move to 1,3650 ( major /sr on weekly) got hit with buyers on stopping volume
double top to 1.3700 2nd top was nd ( nt picked up by tg on 15 min)
then in asia we have test 1.3650 , however seems like sellers at 1.3700
right now she is ranging ... higher time frame works better
1.3700 to 1.3650 is range for now
on a daily we do have stopping volume at 1.3600 zone.
Sup?
I was wondering if any of you did any VSA trading yesterday on EU? IT really was all over the place with very much random volume and PA. Did any of you put in some trades using VSA and what indications did you use.
The only thing I can really say is that there may have been less volume on the down moves (as noted) which mean we may just get a very good bull run any time soon of 200 pips or so. But hey, this may also only be because of the fact that NY was winding down ..... Anyone want to share there thoughts.
It really was one of...
Blogging daily now at www.volume.zone
- #5,160
- Feb 8, 2010 9:54pm Feb 8, 2010 9:54pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
Thanks Malcolm!