Trade Using VSA (Volume Spread Analysis)

Hey, Malcomb. Does the VSA for esignal cost extra? I saw that forex feed costs 50$/month. Is there something else that you have to pay extra?

Regards

esignal charting and fx feed 200 per month
tradeguider add on 129

for everything else there is mastercard...lol .. if you know the advert you will get it

...and tradeguider is one-time payment?



...and making money in forex. Priceless!


Regards

per month

it is pretty cool to have tg add on in esignal charting power. ...

here we see 10 min gu with ut off the upper value area ...60 pip trade

Hi guys

Follow up on mondays post, where I guessed (think thats what I did ) that DOW could continue Up, while a lower volume down bar was sitting on top of High Volume Area (Green).
Did not exactly hold on top of the area, but the bottom does seem to have some elasticity.

Below I painted Bull/Bear Volume bars. Basically split Volume into Bullish and Bearish according to candle shape. Just an rough scetch, could be any distribution pattern in fact. Has anyone feedback or experience on this approach whetrehr its usefull or not ?

Y'll see heavy Bullisch Volume today.

Carefull viewers may notice dots on Highs and Lows of bars, showing bounces on previous candles with higher volume. Its new, dont ask..

If DOW is Up or Down tomorrow, you'll judge that..

1 $ question: why did it not bounce of on that low volume day 22nd, and did it go lower ?

Cheers, Dutchy

in the picture, unfortunately there are some volume bars are in different color, i mean the same volume bars are not the same color.. What can I do ?
any suggestion ?
I am so confused

Do not look so much on collors.

Colors are not the main thing. You need to learn to see all this without colors.


p.s.
I can be totally wrong also

Best,
Tom

actually I also think the same, however, because it is so difficult to interpret the price spreads, closes, with volumes, then I just maybe think, I could easily handle vsa with colors

ok then, I have to re-read books again and again.

lol check your 60 min time frame ... there were a ton of possible hidden sellers at end of day .

that could have just been a short squeeze ...

If es breaks down open range low tomorrow taking the sell

jus checked 2 hour chart .... do not get to bullish on dj just yet ,,,,2 hour high volume that dropped es 20 points was tested on even higher volume today , in fact we did not even see 1105.

background is strong or is it just a bear trap ? what do you think ?

MTF Immediate Background and MTF Range Background (SMART) on Globex GBP is a mixed picture at best. I would sit tight. It's Friday go spend time with the family.

If I had to place a trade I would be looking for a long entry here depending on how she reacts to the green line of death.

Have a great weekend everyone.

Better than VSA ?

http://online.wsj.com/article/SB1000...LEFTTopStories

Cheers, Dutchy

Couldn't resist this... Ik ben gek!

http://img262.imageshack.us/img262/7...ackbar2jl1.jpg

This trap: Definite maybe !
The day its posted EUR/USD reverses

Congrats with yr dutch !

Cheers, Dutchy

I'm at the stage where I have the need for a solid trading plan. I have never seen one and don't really know what they consist of so I'm asking for your opinions and suggestions.

Please feel free to rip it apart and improve but remember, this is a plan specifically for a VSA beginner.


1. Firstly look at Daily TF to see the overall trend.
2. Draw S+R levels on Daily TF.
3. Scan only the H1 TF for entry signals.
4. Draw S+R levels on H1 TF
5. Use M5 TF for entries.

6. Scan H1 TF for exit signals.
7. Use M5 TF for exits.
8. Only trade if signals have been confirmed (never enter early).
9. Set SL and NEVER move it away from entry.
10. If SL was too tight and entry signal is still good, enter again.
11. NEVER add to a losing trade.
12. Move SL to BE as soon as the trade dynamics allow.

Europe is falling!!! Yup , time to buy...lol


Well , charts don't lie, will see......

they better stop buying first........

FOR INTEL

[quote=Intel;3503852]I'm at the stage where I have the need for a solid trading plan. I have never seen one and don't really know what they consist of so I'm asking for your opinions and suggestions.

Please feel free to rip it apart and improve but remember, this is a plan specifically for a VSA beginner.

A couple of my thoughts below...

1. Firstly look at Daily TF to see the overall trend.
H4 is what I prefer for this
2. Draw S+R levels on Daily TF.
I don't worry about Daily and use H1 for S&R (your # 4)
3. Scan only the H1 TF for entry signals.
Not sure I'm following this in light of #5; entries on H1 will probably be vastly diff than entries on M5; are you scalping? swing trading? position?
4. Draw S+R levels on H1 TF
5. Use M5 TF for entries.
6. Scan H1 TF for exit signals.
Again I think what type of trading makes a diff here (scalp, swing, etc.)
7. Use M5 TF for exits.
8. Only trade if signals have been confirmed (never enter early).
"confirmed" still always comes down to a "best guess" in my opinion; it's an illusion to think that any signal is actually confirmed to a real degree of certainty; you also will never know for sure if an entry is early or not
9. Set SL and NEVER move it away from entry.
10. If SL was too tight and entry signal is still good, enter again.
This is good, but maybe consider setting a wider hard stop initially, then a closer mental one if you feel a need to exit
11. NEVER add to a losing trade.
I average down (add to a "losing" trade) quite often and it works great; this is one of those rules that all the trading books state, but in reality it's not necessarily the best way to trade; you can enter 1/2 position first, then save 1/2 to enter later-either to average down, or add to a winning trade, but doing exactly this has actually saved me many times when I did get in too early initially; many pros and institutions do exactly this-average down their position to their advantage; it does require proper position sizing though
12. Move SL to BE as soon as the trade dynamics allow.

In general, I like to stay away from statements like "never" and "always" in rules. None of us know what the market is going to throw our way, and being flexible is more important (IMHO) than sticking to iron clad rules.

Anyway, just my input, and I predict you'll get some other views that will be quite different, but hopefully this will contribute something to the process for you...

Peace

Cool

Back to bussiness: DOW hardly hangs on.. looks weak: is that weakness on the background?
How does VSA assess the situation ?

Cheers, Dutchy