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  • #5,441
  • Feb 28, 2010 7:40pm Feb 28, 2010 7:40pm
Hi guys,

I use VSA trading for the daily chart but always have problems when I go down to the H4 or H1 cart since the market activity is very fluctuating. Typically it is high when the us Market is open and low in the Asian session.
But how can I conclude what is going on? This is confusion me since it is routine that the market is at these times active or not active.
Do you compare the candles with the candles from the day before?

Regards,
Centaure
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  • #5,442
  • Feb 28, 2010 7:54pm Feb 28, 2010 7:54pm
Quoting Centaure
Hi guys,

I use VSA trading for the daily chart but always have problems when I go down to the H4 or H1 cart since the market activity is very fluctuating. Typically it is high when the us Market is open and low in the Asian session.
But how can I conclude what is going on? This is confusion me since it is routine that the market is at these times active or not active.
Do you compare the candles with the candles from the day before?

Regards,
Centaure
You might try going down to M15 or M5 to trade Asian. I trade that session regularly, and there are often decent signals around the Tokyo open. I judge the volume relative to nearby bars (meaning Asian session bars), but also have developed a feel after some practice for how the volume develops as the session progresses.

I'd agree that using H4 it's hard to make sense of it. There's usually very low vol during NZ and Sydney, but it picks up considerably at Tokyo, but of course you'd never discern that on a H4 chart, so I think you need to come down more...
  • #5,443
  • Feb 28, 2010 8:06pm Feb 28, 2010 8:06pm
Quoting TC East
You might try going down to M15 or M5 to trade Asian....

Yeah, this could be the solution for the problem.
But the 5 Min oder 15M is too fast for me and I cannot handle it with my lifestyle.
There must be a possibility to analyze the the H4 or H1 chart. The H1 and H4 chart looks like a sine wave. Maybe it is necessary to compare the volume to the days before that one can decide whether it is high or low volume.
  • #5,444
  • Feb 28, 2010 11:09pm Feb 28, 2010 11:09pm
VSA app is coming out this week!!

I have analyzed the volume of people on this post over the last month, and have compared it to the thread size that have been posted daily, and using VSA (Volume of peeps and thread size) I have determined that we should have a Shamus break out at the latest on Wednesday...
Live happens 5 minutes at a time...
  • #5,445
  • Mar 1, 2010 3:31am Mar 1, 2010 3:31am
Quoting Purple_Heart
VSA app is coming out this week!!

I have analyzed the volume of people on this post over the last month, and have compared it to the thread size that have been posted daily, and using VSA (Volume of peeps and thread size) I have determined that we should have a Shamus break out at the latest on Wednesday...



The sad part is, I understand what you've said

'Shamus Breakout'

We could copyright this phrase. We could use it to describe a situation when someone has 'seen the light'

Cmon Shamus, I'm starting to drool abit now.
  • #5,446
  • Mar 1, 2010 9:19am Mar 1, 2010 9:19am
Quoting Intel
It goes something like this:-

I have a shop in your town selling bananas.
There are several other shops in your town which also sell bananas.
We all try to undercut eachother on the price.

Because you dont have a car you have to buy bananas in your town.
You can buy bananas at the lowest price you find.
Because my bananas are not the cheapest, you dont buy mine. I dont like this!

But I have a plan!
I go to every banana shop in town and buy all the bananas.
There are no more bananas left for sale except mine.
I have raised my prices by 50%.
If...
---

They are buying up all the bananas in EURAUD now- they will have to raise the price soon to sell them I am betting-
  • #5,447
  • Mar 1, 2010 9:36am Mar 1, 2010 9:36am
Helo!

I subscribe cause im using the VSA but i dont know the password to access the pipbuilders VSA forum. What i need to do to receive this pass?

Att,
  • #5,448
  • Mar 1, 2010 11:36am Mar 1, 2010 11:36am
Quoting xandyakko
Helo!

I subscribe cause im using the VSA but i dont know the password to access the pipbuilders VSA forum. What i need to do to receive this pass?

Att,

Hi xandyakko,

I believe you can access the chat room via the link on the first page in Shamus' long first post. Once clicked it will take you to a connection screen. Just enter a name of your choice or leave it with the pre-filled one, and press connect.

It is fairly quiet these days. Best during asia london overlap I hear.
  • #5,449
  • Mar 1, 2010 1:49pm Mar 1, 2010 1:49pm
do we have any sign of weakness,strength, or some bullish or bearish movement for the current chart ? Or should we wait for ?

I couldnt read the picture, unfortunately...
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  • #5,450
  • Mar 1, 2010 11:53pm Mar 1, 2010 11:53pm
DOUBLE TOP = RESISTANCE 8940

Price move up while volume is reducing. Don't think price can take out 8940. Look to sell as high as 8940.

Question I have is when to know to sell ? Any specific price bar pattern to look for ?

Any comments pls .
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  • #5,451
  • Mar 2, 2010 12:41am Mar 2, 2010 12:41am
Quoting bruceli
do we have any sign of weakness,strength, or some bullish or bearish movement for the current chart ? Or should we wait for ?

I couldnt read the picture, unfortunately...
hi,

IMO, I think GU is weak in a down trend. The price bar highligh in blue show SM is stepping into the picture to buy from the weak hands. Market has been in bearish run for GU, we may see SM start to accumulate. I would like to wait for a test on the high volume price level before decide to go long.

Hope this ana;ysis is correct. Any comments are most welcome. tks.
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  • #5,452
  • Mar 2, 2010 1:41am Mar 2, 2010 1:41am
in my opinion, after yesterday's bottom, just after data announced, SM accumulated, and it hit almost the same level now. it seems that they distributed almost in 9 hours.

i think SM's play end, and now bears' turn in the market. If they are in the market, we may see again huge decrease although it increases right now. Aha, thats what called bear trap ? Could be ?


PS: yesterday range was around 425 pips..
  • #5,453
  • Mar 2, 2010 3:37am Mar 2, 2010 3:37am
Quoting nico28
DOUBLE TOP = RESISTANCE 8940

Price move up while volume is reducing. Don't think price can take out 8940. Look to sell as high as 8940.

Question I have is when to know to sell ? Any specific price bar pattern to look for ?

Any comments pls .

Look for no demand around the resistance.


Regards
  • #5,454
  • Mar 2, 2010 4:55am Mar 2, 2010 4:55am
EFFORT vs. RESULT

This is a key concept in VSA. One might go as far as to say it is THE key concept in VSA.

Trying to qualify effort his very important. To answer one of the questions I was pm'd, understanding effort and incorporating it into what constitutes a significant WRB is where I depart from Mark (the creator of WRB Analysis). WRB Analysis is independent of VSA. However, I believe that Tom would have gotten to it if he included the open in his analysis.

Understanding effort is important in defining a potential significant WRB. I use the word potential, because we need to see results to know if it is a key change in the supply/demand dynamic. In other words, the price action after the appearance of the effort WRB candle must do something (result) to confirm that there was effort.

Take a look at the chart below.

Again, WRB Analysis is independent of VSA. I am just trying to meld them together in a logical coherent fashion. So putting some parts of VSA aside for a minute, notice that the change in the supply/demand dynamic is created with the appearance of effort with result.

This is different from the VSA concept that would say a key change come on the last dark (open>close) candle marked no result from an effort to fall. This is a down candle closing off its lows with the next candle up on climatic volume. There is buying by the big boys going on in this candle. Therefore it would seem to represent some change in the Supply/Demand Dynamic. Moreover, the fact that it stops the move (stopping volume) would suggest a key change. This is true.

However, from my interpretation of WRB Analysis, a key change in the Supply/Demand Dynamic will have strong continuing action in the direction of the effort. Or simply put, result. We can then ask the question, "What does the market do when it returns to the area (Body) of the effort"?

On the chart below, we see that as price moves back into the Supply/Demand Delta Zone effort appears (white candle). The next bar is down telling us there was some selling in that candle. 4 candles later we see a beautiful UpThrust. Another sign of weakness. The very next candle is an engulfing candle on climatic volume. The BBs appear to want to take the market down. While its possible to entry on the UpThrust or the Engulfing candle, we can wait for our good friend to appear. Our good friend, No Demand, shows up three candles later. This candle is closing up from the previous candle, so we are heeding Tom's advice to only sell on up candles.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #5,455
  • Mar 2, 2010 5:11am Mar 2, 2010 5:11am
1H chart:the price retest the yesterday low climatic bar and make reverse uptrust.

30M chart:stopping volume

15M chart: nice stopping volume

5M chart: reverse up trust follow by big climatic bar then multiple no supply bar
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  • #5,456
  • Mar 2, 2010 5:18am Mar 2, 2010 5:18am
Some may be wondering about the background in my previous post. These two charts are from earlier in evening. The first sign of weakness come a bit before the all important UpThrust. Note that the UpThrust is not only within the Supply/Demand Delta Zone, it is also within the body of the effort candle on the left.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #5,457
  • Mar 2, 2010 5:22am Mar 2, 2010 5:22am
Quote
Thank you very much MykeFX for this sheet! But two questions;

1) How do you exactly define when Close is Low or Middle, or when Volume is Average, High or Very High? Is there any exact way to define all these terms, for example from average values? Something like; "Average Volume" is 80% - 120% from 20 bars average volume, High is 120% - 200%, Very High is over 200%. And "Middle Close" is between 40% and 60% of bar's range, or whatever. Without defining exactly what these terms mean, it is quite impossible to follow them precisely.

2) What...
Does anyone have any comment on these questions; how do you define "high" or "average"??
  • #5,458
  • Mar 2, 2010 6:24am Mar 2, 2010 6:24am
Welcome back HiddenGap! To the new guys (and the old ones), you can learn a lot from HG's posts.
The trend always ends.
  • #5,459
  • Mar 2, 2010 7:29am Mar 2, 2010 7:29am
HC is back!!

From the word document that I have which sums up this whole thread HC has about 46.78694% of market space... and I only put the best posts in there....

Speak up HC, the class have just convened...

And Shammy, what is it with all this chit chat, I was hoping your next post will have some kind of attachment in it....
Live happens 5 minutes at a time...
  • #5,460
  • Mar 2, 2010 7:52am Mar 2, 2010 7:52am
Quoting Shamus
Welcome back HiddenGap! To the new guys (and the old ones), you can learn a lot from HG's posts.

Already have

He does indeed post some very enightening stuff.

Many thanks HG


You have been very useful in my efforts to learn.



@Purple Heart

Would you like to share your document? I would be very interested to see what 'other' people see as being very important.

Are you sure it's 46.78694 and not 46.78695?
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