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Trade Using VSA (Volume Spread Analysis)

  • #6,321
  • Mar 31, 2010 1:05pm Mar 31, 2010 1:05pm
Islander,

IBFX was all time GMT 0

I live in GMT +2

All time IBFX was -2 hours as it should be, BUT now it is -3 hours.

So, if London open WAS 7 AM GMT - how it is NOW on iBFX ?

And what time closes UK - 5 PM gmt ?





Thanks.

B,
T



Quoting Islander
Correct, although the US Bond markets open just after 12:00 GMT - I call this NYO 1 - and then the NY Stock Exchange opens at 13:30.....with Globex 24 hour trading for futures IMO the actual times are less important than they were in the days of Pit Trading....say 5 years ago...
  • #6,322
  • Mar 31, 2010 1:52pm Mar 31, 2010 1:52pm
Quoting tfflyer
Islander,

IBFX was all time GMT 0

I live in GMT +2

All time IBFX was -2 hours as it should be, BUT now it is -3 hours.

So, if London open WAS 7 AM GMT - how it is NOW on iBFX ?

And what time closes UK - 5 PM gmt ?
Thanks.

B,
T

GMT NEVER changes......the UK, Europe, USA etc all have Daylight Saving /Summer Time and thus as this is applied where you live, so YOUR time changes relative to GMT.

IBFX is set to GMT, so if your time was -2 hours and now you have moved to "Summer Time" and changed your clocks, now you will be -3 hours - that's assuming that you are to the East of the UK in the Moscow / Dubai time zone
Trading Levels with WRBs
  • #6,323
  • Mar 31, 2010 5:00pm Mar 31, 2010 5:00pm
Quoting polomine
Excellent trade! scalping with the trend.

I feel frustrated today, since I tend to guess the top and sell counter the trend.

each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu
Blogging daily now at www.volume.zone
  • #6,324
  • Mar 31, 2010 5:01pm Mar 31, 2010 5:01pm
Quoting taomql4
Now, where is that eur sell?

based on test last weeks close and todays closing on highs of day I am looking for a slight down move to 1.3500 / 1.3480 in asia. I will be looking for buys off this level using a 30 min chart and vsa .... target is 1.3600 to 1.3650 next 24 hours

There is my trading plan
Blogging daily now at www.volume.zone
  • #6,325
  • Mar 31, 2010 5:36pm Mar 31, 2010 5:36pm
Quoting malcolmb14
each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu

Thanks for malcolmb14's comments.

Yes, you once mentioned that if the price keeps above the prior Close, not to sell; if the price keeps under the prior close, not to buy. And you use UK open as a new daily Open. Therefore, I adapted my daily pivots and hlc indy according to your rule.

Today I did not obey to this rule, I need learn from this bad experience.

Thanks again!
  • #6,326
  • Mar 31, 2010 5:37pm Mar 31, 2010 5:37pm
Quoting malcolmb14
each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu
hey malc,

can you elaborate more on this system? You know we love your charts.

thx
  • #6,327
  • Mar 31, 2010 8:55pm Mar 31, 2010 8:55pm
Can anyone help me out with a solid definition of strength or weakness in background for VSA? It seems to me that this is really a crucial part, given that the implications of various volume /price patterns are dependent on it, but I'm not sure if I'm seeing it clearly.

Can of the VSA guru's out there post a chart or too with labels indicating strength and weakness in the background, (and showing accumulation, mark-up, mark-down and distribution?) maybe with the Better Volume indicator?

I'll be diving back into MTM and so forth to see if I can nut it out, but examples would sure be appreciated...
  • #6,328
  • Mar 31, 2010 10:02pm Mar 31, 2010 10:02pm
Quoting polomine
Try this. It is adapted from other guy's market profile by myself. Yes I have the same requirement with you. That is the start time can be change.....
You are the man! May be it's coincidence but i spend half of monday trying to find good MP indicator, all i found was rubbish! After one of them my mt4 crashes several times and i loss around 50 pips in trades on my live acc!!
That indi you posted thats exactly what i searched for!
That indi very helpful for setting TR or SL after any VSA patterns,
I so much appreciate it!!
“buy the rumor, sell the news”
  • #6,329
  • Mar 31, 2010 11:32pm Mar 31, 2010 11:32pm
Quoting taomql4
Now, where is that eur sell?
LOL, it's not shown in the picture.
make a 180degree turn, on the upper left, first monitor, it's there
  • #6,330
  • Mar 31, 2010 11:42pm Mar 31, 2010 11:42pm
Quoting polomine
Try this. It is adapted from other guy's market profile by myself. Yes I have the same requirement with you. That is the start time can be change freely. ...
is this any different from marketprofile by Scrat? (see Attachments, August 12 2009 or thereabout)
Scrat's version has the option to change too
xie xie ni/Thanks!
  • #6,331
  • Mar 31, 2010 11:56pm Mar 31, 2010 11:56pm
Quoting malcolmb14
each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu
hi malcolmb,

I am sorry, please could you explain what do you mean by "NOT completed its ATR (average true range) " ?
Attached Image (click to enlarge)
Click to Enlarge Name: atr14daily.GU.JPG Size: 233 KB
  • #6,332
  • Apr 1, 2010 12:01am Apr 1, 2010 12:01am
Quoting bruceli
hi malcolmb,

I am sorry, please could you explain what do you mean by "NOT completed its ATR (average true range) " ?
ATR = Average Trading Range

It can be for any given period but the standard I believe is from say 5 to about 20 days.
  • #6,333
  • Apr 1, 2010 12:13am Apr 1, 2010 12:13am
Quoting uraceulose
ATR = Average Trading Range

It can be for any given period but the standard I believe is from say 5 to about 20 days.
, I supposed it was a default indi in mt4

thanks uraceulose for your correction ...

also I've already read some about it in some forums and got the idea. but you have to guess the direction anyway... that's the most crucial and difficult part.
  • #6,334
  • Apr 1, 2010 12:26am Apr 1, 2010 12:26am
bruceli,
base the direction from the higher timeframes, 4hour-Monthly.
  • #6,335
  • Apr 1, 2010 12:29am Apr 1, 2010 12:29am
Quoting Intel
Hi Vantage,

I see you have a +7 rating so you're obviously a reasonably experienced trader. Do you mind if I ask, are you a VSA trader or do you use another method?

Thanks
Mainly trade higher lows/lower highs using vsa (with my limited experience) off 15 min and 1hr charts.
  • #6,336
  • Apr 1, 2010 12:51am Apr 1, 2010 12:51am
Quoting supremeChaos
is this any different from marketprofile by Scrat? (see Attachments, August 12 2009 or thereabout)
Scrat's version has the option to change too
xie xie ni/Thanks!
bu ke qi / You are welcome!

The new features in my version market profile include:
1. MT Server timezone independence, that is to say, we can set the start hour of new daily session arbitrarily.
2. Can display market in two modes, session-by-session mode, and multi-session-combined-in-one mode.
3. Can display daily market profile, weekly market profile and monthly market profile, based on the current timeframe of the chart.

I am happy to hear someone said he/she like it. But I don't think it is already very stable. When I have time, I will optimize it furthur.
  • #6,337
  • Apr 1, 2010 3:15am Apr 1, 2010 3:15am
Quoting malcolmb14
each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu
very good job malcomb.

do you also follow bollinger bands ? sometimes, when it exceeds low & bottom boundries, especially 5-10 pips, except data time, it occurs several times and taking reverse position also leave some 10 pip profit per each time.
  • #6,338
  • Apr 1, 2010 4:04am Apr 1, 2010 4:04am
Quoting malcolmb14
each day has a range.

Look at the ATR14 on a daily chart. IF the pair you are trading is on an up day and above prior days close and NOT completed its ATR do NOT try and sell it no matter what.

I have been using this system this week picking daily bottoms and trading for complete atr . result is 200 pip per dya , 100 eu and 100 gu
This is at least the 2nd time I've seen you drop a hint along these lines. Thanks the penny dropped.

I have for some time been interested in/looking at a follow the daily, follow 4 hr method of trading. This has given a nice twist for those turn days.

Once again thanks Malcolm.
  • #6,339
  • Edited 5:47am Apr 1, 2010 5:30am | Edited 5:47am
Small trade.

However, not the best, as price is yet making HH.

EDIT: I will call it gambler trade.

EDIT 1: Why i call it a gambler trade ? Because i have plan - and this trade doesnt fit in my plan.

EDIT2: Closed it. LOSS for my gambling trade
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 21 KB
  • #6,340
  • Apr 1, 2010 5:49am Apr 1, 2010 5:49am
...LOL, ATR, Bollinger bands... this thread is becoming less and less about VSA.

Buying if we are up on the day and selling if we are down on the day is basic stuff, you are simply buying strength and selling weakness with entries at pullbacks and rallies respectively...you might want to look at the DIBS thread which is all about trading strength and weakness.

ATR, if a pair has an ATR of 200 pips and you are up on the day by lets say 60 pips, then you would be looking for buys until the ATR has been reached..another 140 pips or so, only when the ATR has been achieved would you consider shorting on a retracement.

...i guess VSA could be used as entries and exits but the above mentioned is simple enough to trade on its own.
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