Trade Using VSA (Volume Spread Analysis) | Page 305 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume Spread Analysis (VSA) and background 5 replies

Trading With VSA - Volatile Volume and Spread Analysis 9 replies

What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply

Volume Spread Analysis (VSA) and the EURUSD 3 replies

VSA Volume Spread Analysis: No demand and accumlation 2 replies

Attachments: Trade Using VSA (Volume Spread Analysis)
Exit Attachments

Trade Using VSA (Volume Spread Analysis)

  • #6,081
  • Mar 23, 2010 2:54pm Mar 23, 2010 2:54pm
Quoting bruceli
i have seen nearly 25 pips decrease with almost 1800 contracts. however, they pull back up with nearly 800 contracts again at the same level.

what could it mean ?

whole day has been odd .... really odd

GU moved up off 1.5000 to 1.5080 , whole move up was high voluemso n 30 min charts , then got sold off right at 1.5080

ES broke out to new highs but fx not following

EU got a totral beating after moving up 80 pips.....

really really oddday . It is one of those days to sit on the side lines
Blogging daily now at www.volume.zone
  • #6,082
  • Mar 23, 2010 3:03pm Mar 23, 2010 3:03pm
Quoting malcolmb14
whole day has been odd .... really odd

GU moved up off 1.5000 to 1.5080 , whole move up was high voluemso n 30 min charts , then got sold off right at 1.5080

ES broke out to new highs but fx not following

EU got a totral beating after moving up 80 pips.....

really really oddday . It is one of those days to sit on the side lines

LOL - thanks, now if you can please give this analysis at 8 am gmt, I'll know to take the day off.....
Trading Levels with WRBs
  • #6,083
  • Mar 23, 2010 3:26pm Mar 23, 2010 3:26pm
Quoting Islander
LOL - thanks, now if you can please give this analysis at 8 am gmt, I'll know to take the day off.....
maybe it was just me .. I was getting hammered left right and centre today

had 50 pip eu blinked and it stopped me out be
had 45 pip gu blinked and it stopped me out -27 ,

check 4 hour gu .... do not even know what to make of that . 1.5030 is my pivot area , selling under it.

Tomorrow is another day .
Blogging daily now at www.volume.zone
  • #6,084
  • Mar 23, 2010 3:44pm Mar 23, 2010 3:44pm
I was on the receiving end today as well.
  • #6,085
  • Mar 23, 2010 3:44pm Mar 23, 2010 3:44pm
Quoting tarco
A loser trade, went short after the no demand and reversal pattern.
Looking to the background you have several WSDBs closing in the middle ish with ultra high and very high volumes. Add to this the shakeout on very high volume a NS and maybe a test, and you have strength building and all the makings of a good up move.

Your 'reversal pattern' is a 2 bar UT but, there are 2 things to consider:

1. It's in the wrong place ie, a possible sign of weakness in a strong market.
2. The next bar is up, closing on the high. Confirming the strength in the background.

Your ND is not really a ND. It is a little too wide spread and, it finishes on the high.

All that said, The 2 bar reversal although being quite poor, did actually signify a drop in price.......it just couldn't handle the strength in the background.

2 overall points to consider:

1. Background background background.

2. Don't look for polar bears in Hawaii.
  • #6,086
  • Mar 23, 2010 3:51pm Mar 23, 2010 3:51pm
Quoting malcolmb14
maybe it was just me .. I was getting hammered left right and centre today

had 50 pip eu blinked and it stopped me out be
had 45 pip gu blinked and it stopped me out -27 ,

check 4 hour gu .... do not even know what to make of that . 1.5030 is my pivot area , selling under it.

Tomorrow is another day .

Malcolmb got hammered today......what hope do the rest of us have
  • #6,087
  • Mar 23, 2010 4:35pm Mar 23, 2010 4:35pm
You dont have to be like Malcomb or someone other.. You need to be YOURSELF.

But You need to know basic things what Malcomb and some other pro doing and then find Your style


This is nothing personal.. I am thinking loud and saying it here

Best,
Tom


Quoting Intel
Malcolmb got hammered today......what hope do the rest of us have
  • #6,088
  • Mar 23, 2010 4:35pm Mar 23, 2010 4:35pm
Quoting malcolmb14
maybe it was just me .. I was getting hammered left right and centre today

had 50 pip eu blinked and it stopped me out be
had 45 pip gu blinked and it stopped me out -27 ,

check 4 hour gu .... do not even know what to make of that . 1.5030 is my pivot area , selling under it.

Tomorrow is another day .
Hey malcolmb14, thank you for sharing such experience...it gave me peace in mind...it happened to me too.
The Market pays you to be disciplined
  • #6,089
  • Mar 23, 2010 4:39pm Mar 23, 2010 4:39pm
Quoting Intel
Looking to the background you have several WSDBs closing in the middle ish with ultra high and very high volumes....

Was not the best no demand bar however volume was super low. From my experience I do not care if it closes on the high or not. It was in a pretty decent location to go short. Top of downward trendline, 38% fib, and under a s/r line that I have been trading from with lots of background. My volume did not show good volume supporting that up-move while others did but my volume is futures.

I just thought I would post a loser trade today. I had a bad day today, but I'm not getting down over this. I have had good success using VSA on smaller timeframes. I would probably make that trade again. I was just curious what others saw there.
  • #6,090
  • Mar 23, 2010 4:42pm Mar 23, 2010 4:42pm
There is no bad thing to have entry going in loss - its bad thing to didnt know where and when to close it.

JUST My opinion. But i am not YET profitable, so.. ..

Regards,
Tom


Quoting tarco
A loser trade, went short after the no demand and reversal pattern.
  • #6,091
  • Mar 23, 2010 4:43pm Mar 23, 2010 4:43pm
Quoting mima
Hey malcolmb14, thank you for sharing such experience...it gave me peace in mind...it happened to me too.

Happens to me alot ...

The markets this last few weeks have been very ranging. I have trying to go for smaller profits , like 40 pip a trade. Today I was just hoping for larger moves basedo n higher time frames

The GU 1 hour is bloody odd .....not even sure what is cooking there

1.5100 top 1.4980 support, ranging till it breaks I guess.
Blogging daily now at www.volume.zone
  • #6,092
  • Mar 23, 2010 4:49pm Mar 23, 2010 4:49pm
Quoting tfflyer
You dont have to be like Malcomb or someone other.. You need to be YOURSELF.

But You need to know basic things what Malcomb and some other pro doing and then find Your style


This is nothing personal.. I am thinking loud and saying it here

Best,
Tom
No problems however,

I really don't want to be like Malcolmb, why would I.........I have no idea what he's like!!!!!!!!
  • #6,093
  • Mar 23, 2010 4:56pm Mar 23, 2010 4:56pm
Quoting tarco
Was not the best no demand bar however volume was super low. From my experience I do not care if it closes on the high or not. It was in a pretty decent location to go short. Top of downward trendline, 38% fib, and under a s/r line that I have been trading from with lots of background. My volume did not show good volume supporting that up-move while others did but my volume is futures.

I just thought I would post a loser trade today. I had a bad day today, but I'm not getting down over this. I have had good success using VSA on smaller timeframes....
I think it's great that people will post their losing trades. We can all learn a lot from them. And don't take too much notice of my opinions, they are after all, just my opinions.
  • #6,094
  • Mar 23, 2010 5:01pm Mar 23, 2010 5:01pm
I saw here many comments saying its not good trade.
But i can say that in my opinion it depends what You are waiting from this trade. It could be good scalp also.

There is few variations how You could treat this trade and it could be profitable in other time.

Have a good ones on next session!

Best,
Tom

Quoting tarco
A loser trade, went short after the no demand and reversal pattern.
  • #6,095
  • Mar 23, 2010 6:25pm Mar 23, 2010 6:25pm
Quoting malcolmb14
maybe it was just me .. I was getting hammered left right and centre today

had 50 pip eu blinked and it stopped me out be
had 45 pip gu blinked and it stopped me out -27 ,

check 4 hour gu .... do not even know what to make of that . 1.5030 is my pivot area , selling under it.

Tomorrow is another day .
Tommorrow the budget is being released in the UK, so this may explain the lack of direction.
  • #6,096
  • Mar 23, 2010 7:13pm Mar 23, 2010 7:13pm
Can anyone point me in the right direction of obtaining a VSA indicator for my metatrader 4 I would appreciate it Thanks Kightster
  • #6,097
  • Mar 23, 2010 7:37pm Mar 23, 2010 7:37pm
Quoting Kightster
Can anyone point me in the right direction of obtaining a VSA indicator for my metatrader 4 I would appreciate it Thanks Kightster

page #1
The Market pays you to be disciplined
  • #6,098
  • Edited 10:07pm Mar 23, 2010 8:58pm | Edited 10:07pm
Hi guys, I've been lurking around here and I must commend you all that have contributed to this thread especially Shamus, Malcomb14 & Thatwasme.

I am an avid fan of VSA because I find it not only very interesting but also very very easy to trade, which is like an additional cheat sheet as one can see where the sellers and buyers are.

Just wanted to contribute a little rather than being just a lurker..

I don't really trade the Asian session often. Just decided to sit for today's Asian session. Any newbie who has really read the material should have caught these trades and gone to sleep. The first one was a counter-trend trade (scalp) while the second was the one I took and moved my SL to BE.

I took mine from the M15 chart. There was a stopping volume (although not the best) which closed around 1.3466, above support (ppz). Then price went up but there was no demand (2 succeeding candles closed higher with lower volume) followed by an up-thrust (volume was more than the last two) which is when i went short with the trend.

CHART

Attached Image (click to enlarge)
Click to Enlarge Name: VSA_In_Action.png Size: 102 KB



I like to keep everything very simple.
  • #6,099
  • Edited 10:14pm Mar 23, 2010 9:59pm | Edited 10:14pm
Quoting tarco
A loser trade, went short after the no demand and reversal pattern.
Sorry about your loss. I made +75 pips from this same trade.

Okay here are my reasons why I went long instead of short.

Attached Image (click to enlarge)
Click to Enlarge Name: GU_VSA_analysis.png Size: 115 KB



You must understand that VSA is not about analyzing just one candle, you have to go with the flow and be able to read it like a book, as price and time elapses. Malcomb14 has said this many times too.

Lastly there was bullish divergence on the M5 chart if you care to look.

With enough practice & chart time, I believe you will be able to get this right.

I hope this helps.
  • #6,100
  • Mar 23, 2010 10:53pm Mar 23, 2010 10:53pm
hey Wh1zz0

lots of buyers...public against one seller....and the seller is either in acc phase or profit taking phase. and that is the folks running the markets.

just need to figure out where the accumulation is and the other part is the profit taking... which is usually 90 pips or more

I don't believe regular supply and demand
more buyers than sellers does not mean higher prices...

accumulation of a position by these guys can be a rally / a decline / sideways etc... there needs to be , from observations at least 4 -5 hours minimum of incoming volume in a smaller rally / decline for the accumulation... a decline sux in more and more public sellers.... hence ever increasing volume.. but then price wont' be able to go lower...as the specialist has been the buyer of all on the way down...the move will be up
as he sells to the public when the public starts buying....I find that once a move starts / profit taking that reading volume in that part is useless .
on your chart I believe the accumulation was on the down move.
profit taking was the up move.
12 traders viewing now