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Trade Using VSA (Volume Spread Analysis)

  • #5,681
  • Mar 10, 2010 6:24pm Mar 10, 2010 6:24pm
Hi Sonofsin,

should have taken your advice today!

good trading to u!
dreams do come true.
  • #5,682
  • Mar 10, 2010 7:23pm Mar 10, 2010 7:23pm
Quoting wannaberich
Hi Sonofsin,

should have taken your advice today!

good trading to u!
Youll get another good trade opp, theres many more to be had.
  • #5,683
  • Mar 10, 2010 10:16pm Mar 10, 2010 10:16pm
Hi looks like a great indicator please is there a guide anywhere showing how to use it..
Thanks
Dean


Quoting chief1oar

Fantastic Job on this Shamus.....


I know it's GREAT!!!! This will be a real addition to everyone's toolbox... the effort involved is this has been tremendous...

WELL DONE SHAMUS !!

-------------------------------------------------------------------
Here is an update to the Hidden Gap Volume Indicator I posted a while back... This is just a bug fix as there were some annoying problems with...
  • #5,684
  • Mar 10, 2010 10:30pm Mar 10, 2010 10:30pm
Quoting dean walker
Hi looks like a great indicator please is there a guide anywhere showing how to use it..
Thanks
Dean
go read master the markets ... the link is in the first page .

what shamus has been working on is a learning tool , much like tradeguider is. ...

VSA is not an indicator.
Blogging daily now at www.volume.zone
  • #5,685
  • Mar 11, 2010 12:01am Mar 11, 2010 12:01am
Quoting tarco
A slam dunk.
You can trade any number of ways using Volume Spread Analysis. If you want to scalp, you can scalp. If you want to counter trend trade, there is nothing in the VSA dogma that says you can't.

From my perspective, it looks at worst as you’re trying to catch the top; and at best like you're trying a counter trend trade. I always thing in terms of "what do you want to see? And where do you want to see it?". So if you can answer those two questions, more power to you.

Assuming this was a place where I wanted to see it, what I would want to see is price roll over and give an Upthrust followed by a No Demand. If you pulled the trigger on that narrow range up candle on increased volume, a squat (looks like a buying climax), you did make money. But I would argue the set-up is more suspect than the direction of the trade.

VSA is about market analysis, it is not a strict set of rules that must be followed without deviation. Gavin trades off a 15 min chart, Tom off a different timeframe. This trader trades with the larger trend, and that one likes to counter trend trade. Yet all are still using VSA.......

EDIT:

I consider this a slam dunk. Note that we start off with No Result from an Effort to Rise. Then we get an UpThurst. Finally we get our old friend No Demand.-a pattern that repeats often. Might the market ultimately go up? Sure, but there was some room to make a nice short here.

P.S. For those interested, there's a bonus on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA25.png Size: 102 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #5,686
  • Mar 11, 2010 12:08am Mar 11, 2010 12:08am
HG<

Thank you so much for you posts. Is there a specific place on this forum where you guys discuss the WBA? I will look into it on my own but just thought I'd ask.

Thank you,

Donnie
  • #5,687
  • Mar 11, 2010 12:14am Mar 11, 2010 12:14am
I mentioned move down then stopping vol may have enough power to break resistance

and here it is

now question is does that buying we have seen have any follow thru ?

Attached Image (click to enlarge)
Click to Enlarge Name: chart1935.png Size: 193 KB
Blogging daily now at www.volume.zone
  • #5,688
  • Mar 11, 2010 12:17am Mar 11, 2010 12:17am
can someone pls tell me how to post a chart in here.
  • #5,689
  • Mar 11, 2010 12:22am Mar 11, 2010 12:22am
Hey Malcolm,

I just want to make sure I'm reading this correctly. On my chart here I put a vertical line w/2 arrows pointing at the bar/volume.

I was going to post right when I saw this bar appear as I remembered you posting earlier today about waiting for stopping volume on 15M at around 3650.

Attached Image (click to enlarge)
Click to Enlarge Name: post delete.gif Size: 58 KB


Thank you,

Donnie
  • #5,690
  • Mar 11, 2010 12:25am Mar 11, 2010 12:25am
Quoting uraceulose
Hey Malcolm,

I just want to make sure I'm reading this correctly. On my chart here I put a vertical line w/2 arrows pointing at the bar/volume.

I was going to post right when I saw this bar appear as I remembered you posting earlier today about waiting for stopping volume on 15M at around 3650.

Attachment

Thank you,

Donnie
the one a little to the right of the arrow , the higher volume on. That maybe hidden buyers
Blogging daily now at www.volume.zone
  • #5,691
  • Mar 11, 2010 12:28am Mar 11, 2010 12:28am
Quoting malcolmb14
the one a little to the right of the arrow , the higher volume on. That maybe hidden buyers
Thank you sir.
  • #5,692
  • Mar 11, 2010 12:33am Mar 11, 2010 12:33am
Is it safe for long when you see this set-up? or just wait and see?

Quoting malcolmb14
I mentioned move down then stopping vol may have enough power to break resistance

and here it is

now question is does that buying we have seen have any follow thru ?

Attachment
  • #5,693
  • Mar 11, 2010 12:35am Mar 11, 2010 12:35am
Quoting polomine
Is it safe for long when you see this set-up? or just wait and see?


based on test support of dip in US was safe long for a few pips
Blogging daily now at www.volume.zone
  • #5,694
  • Mar 11, 2010 2:06am Mar 11, 2010 2:06am
These two trendlines have made me some money today, just shows you what keeping it simple can do. using the 2 white tl's the weekly pivot and my knowledge of vsa ive got in two short scalps so far today.

the last two rallys down.

http://i865.photobucket.com/albums/a...h_Gj5minwl.jpg



click to enlarge
  • #5,695
  • Mar 11, 2010 6:32am Mar 11, 2010 6:32am
Hi to all VSAers.

i didn't know that some people thought that volume on forex is a scam! just saw some comments on the EU thread on that!

my trading has improved thanks to the "scam"!

will we see a break of the TL on EU? hope master Malcom is right: i am long!

hapipipin to u guys
dreams do come true.
  • #5,696
  • Mar 11, 2010 7:09am Mar 11, 2010 7:09am
Quoting polomine
HG and other gurus,

Is there any indicator which can help to compare the spreads or ranges of bars? I know, Better Volume use Volume * Range to identify climax action, and Volume / Range to identify churn. But how can I say whether a bar is a wide/ultra wide one at my first sight? use my eyes only?

As HG mentioned how to compare volumes in ealier post, he just compare the volume of the current bar with those of the previous 2 bars. I wonder whether this thumb of rule can apply to Spread or Range.

Thanks!
Here is one way of doing it by using BW MFI (Market Facilitation Index) in the MT4 std ind section. MFI shows sort of the change of each tick with volume of the bar in your tf.

Most of the times tick change (MFI) correspond with the range.
It has a little bit different application for short tf(5m or 15m) or long tf(4h) so you need to study and practice the feel.

I see more brokers manipulate the tick volume by freezing intentionally so I verify again with MFI color (red), especially ND or NS bars. I also look for more of yellow color (narrower range with higher volume) when turning.

Best Pip Wishes!
Attached Image
  • #5,697
  • Mar 11, 2010 7:55am Mar 11, 2010 7:55am
Hi Sonofsin,

exactly the same thing as yesterday: short EU at 76, can take 35 pips out but i already got my daily target of 20 and SL is at BE. take the money or get greeeeeddy?

LOL

hapipipin
dreams do come true.
  • #5,698
  • Mar 11, 2010 8:46am Mar 11, 2010 8:46am
Quoting wannaberich
Hi to all VSAers.

i didn't know that some people thought that volume on forex is a scam! just saw some comments on the EU thread on that!

my trading has improved thanks to the "scam"!

will we see a break of the TL on EU? hope master Malcom is right: i am long!

hapipipin to u guys

it is a scam for sure ... lets keep the best secret to yourselves .. we know it isn't
Blogging daily now at www.volume.zone
  • #5,699
  • Mar 11, 2010 9:08am Mar 11, 2010 9:08am
Seeing a nice bouce off of the 3620 level a successful test on five minute as well. Nice...
  • #5,700
  • Mar 11, 2010 9:10am Mar 11, 2010 9:10am
Quoting wannaberich
Hi Sonofsin,

exactly the same thing as yesterday: short EU at 76, can take 35 pips out but i already got my daily target of 20 and SL is at BE. take the money or get greeeeeddy?

LOL

hapipipin

Let them think that we need those guys to help us run price up after we are already in the trade. When we are in at BE they are trying to decide what to do.
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