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Trade Using VSA (Volume Spread Analysis)

  • #6,441
  • Apr 6, 2010 11:31am Apr 6, 2010 11:31am
Quoting wh1zz0
Do you guys ever consider the fact that these pairs have since reached and passed their daily ranges for the day?? Why place trades?

Sorry about your draw down but don't forget that you must try as much as possible to see reasons not to take a trade. And the moment you're in a trade (and you decided not to set TP/SL and walk away), start looking for signs of what would be capable of making the trade not work out.
Thanks for the advice.....I agree.

FYI I'm just going over the days trading to see what I missed at the right edge.

Good advice about the SL......Bruceli.

BTW, once the atr has been reached, do you stop trading......whatever time it is?
  • #6,442
  • Apr 6, 2010 11:37am Apr 6, 2010 11:37am
I saw this long but did not trade it as I traded the down move for the day and closed for 135 pip for the day using daily range and asia highs

I will be looking for weakness again later in asia IF we breal 1.5190 , which was last weeks and months end close

I have already taken a small sell off 1.5220 , and may be premature so keeping the stop tight at 30 pip , also happens to be 61.8 % of down move

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Blogging daily now at www.volume.zone
  • #6,443
  • Apr 6, 2010 11:39am Apr 6, 2010 11:39am
Quoting Intel
Thanks for the advice.....I agree.

FYI I'm just going over the days trading to see what I missed at the right edge.

Good advice about the SL......Bruceli.

BTW, once the atr has been reached, do you stop trading......whatever time it is?

For me, the answer to this question is:

If I'm not in any trade before the ADR is reached then I will not bother placing any other trade. However, If I was already in a trade I would just look to see if to close or let it ride on.

Maybe the milky bar kid -malcomb could add to this as he is more experienced than I am. But the above is what I do.
  • #6,444
  • Apr 6, 2010 11:43am Apr 6, 2010 11:43am
Quoting Intel
You are short then yes?
yes, actually, i have seen +15 pips, but i was looking for more, and now -65 pips.
  • #6,445
  • Apr 6, 2010 11:57am Apr 6, 2010 11:57am
could it be no demand bar ? it is a one hour tf.
Attached Image (click to enlarge)
Click to Enlarge Name: no demand .1 hour.JPG Size: 209 KB
  • #6,446
  • Apr 6, 2010 12:10pm Apr 6, 2010 12:10pm
Quoting malcolmb14
I saw this long but did not trade it as I traded the down move for the day and closed for 135 pip for the day using daily range and asia highs

I will be looking for weakness again later in asia IF we breal 1.5190 , which was last weeks and months end close

I have already taken a small sell off 1.5220 , and may be premature so keeping the stop tight at 30 pip , also happens to be 61.8 % of down move

Attachment
If you don't mind, would you tell me where and why you entered for the 135 pip trade.

Many thanks.
  • #6,447
  • Apr 6, 2010 12:43pm Apr 6, 2010 12:43pm
Could someone share ATR indicator.

Thanks.
B,
T
  • #6,448
  • Apr 6, 2010 12:56pm Apr 6, 2010 12:56pm
Quoting tfflyer
Could someone share ATR indicator.

Thanks.
B,
T
Is it standard one that already exist in MT4?
The Market pays you to be disciplined
  • #6,449
  • Apr 6, 2010 1:01pm Apr 6, 2010 1:01pm
Quoting tfflyer
Could someone share ATR indicator.

Thanks.
B,
T

Here ya go

Attached File(s)
File Type: ex4 Signal_Bars.ex4   39 KB | 706 downloads
  • #6,450
  • Apr 6, 2010 1:22pm Apr 6, 2010 1:22pm
i need very very strong weakness ....
  • #6,451
  • Apr 6, 2010 3:17pm Apr 6, 2010 3:17pm
Quoting malcolmb14
I saw this long but did not trade it as I traded the down move for the day and closed for 135 pip for the day using daily range and asia highs

I will be looking for weakness again later in asia IF we breal 1.5190 , which was last weeks and months end close

I have already taken a small sell off 1.5220 , and may be premature so keeping the stop tight at 30 pip , also happens to be 61.8 % of down move

Attachment

yup way to premature .. sigh .. knew it as soon as I pressed the button .. oh well

Check out 4 hour eu , looks like a nove long off 1.3400 is developing for London
Blogging daily now at www.volume.zone
  • #6,452
  • Apr 6, 2010 3:38pm Apr 6, 2010 3:38pm
please look at the daily bar for GU...

it has a tail about 160 pips.. what a beatufil day!!

yes, that should be a stopping volume .however it is not at the bottom, either top.
lets see tomorrow...
why i am always confused
  • #6,453
  • Apr 6, 2010 3:47pm Apr 6, 2010 3:47pm
VIVA BARCELONAAAAAAAAAAAAAAAAAAAA !!!!!!!!!!!!!!!!!!!!!!
  • #6,454
  • Edited 4:54pm Apr 6, 2010 4:29pm | Edited 4:54pm
Quoting malcolmb14
..........Check out 4 hour eu , looks like a nove long off 1.3400 is developing for London
You may be right. I don't know nor do I care to predict markets. But if you learn to read a chart, there is no need to look at multiple ones.

Having an understanding of the price action prior to any trade signal is the key. From the chart below note that a Supply/Demand Delta Zone is created when we have a key change in the supply/demand dynamic. This change is the direct result of new information in the market: The release of the FOMC minutes.

This area means something to the BBs. It brought enough of them in to create a change in the supply/demand dynamics of the market. What price does in this area therefore will potentially be significant. As traders this means an entry signal in or around this zone should produce good results versus an entry signal taken somewhere else. Regardless of what is happening on another timeframe. Like Master The Markets says, there are professionals acting on all timeframes. Due to the fractal nature of markets, it is possible for one set of pros to be going long on the 3 minute and another set to be going short on the 15 minute , and for both sets to be right.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,455
  • Apr 6, 2010 4:45pm Apr 6, 2010 4:45pm
Sounds good ...

I thought just a simple buy at 1.3390 tp 1.3500 would do ..lol

Quoting HiddenGap
You may be right. I don't know nor do I care to predict markets. But if you learn to read a chart, there is no need to look at multiple ones.

Having an understanding of the price action prior to any trade signal is the key. From the chart below note that a Supply/Demand Delta Zone is created when we have a key change in the supply/demand dynamic. This change is the direct result of new information in the market: The release of the FMOC minutes.

This area means something to the BBs. It brought enough...
Blogging daily now at www.volume.zone
  • #6,456
  • Apr 6, 2010 5:04pm Apr 6, 2010 5:04pm
Quoting Sonofsin5
This is a 5 min Eur Futures chart. To me it looks like the dips in the current range after the drop are being bought up. I wont think about placing a trade untill after the FOMC but we may be accumulating. If 1.3350 is taken out again its a different story.
If we get a dip to where my line is on the chart with some sort of stopping volume I'd like to take a long.
Attached Image (click to enlarge)
Click to Enlarge Name: updated eur mast.jpg Size: 134 KB
  • #6,457
  • Edited 6:01pm Apr 6, 2010 5:40pm | Edited 6:01pm
Quoting HiddenGap
You may be right. I don't know nor do I care to predict markets. But if you learn to read a chart, there is no need to look at multiple ones.

Having an understanding of the price action prior to any trade signal is the key. From the chart below note that a Supply/Demand Delta Zone is created when we have a key change in the supply/demand dynamic. This change is the direct result of new information in the market: The release of the FOMC minutes.

This area means something to the BBs. It brought enough...
Thank you for explanation....
The Market pays you to be disciplined
  • #6,458
  • Apr 6, 2010 6:03pm Apr 6, 2010 6:03pm
Quoting malcolmb14
Sounds good ...

I thought just a simple buy at 1.3390 tp 1.3500 would do ..lol
Simplicity is key..
  • #6,459
  • Apr 6, 2010 6:10pm Apr 6, 2010 6:10pm
Has anyboy taken a look at the Daily on the GBPJPY? Looks like a great possible long is shaping up there with no clear risistance to the 144.90 high.
  • #6,460
  • Edited 7:36pm Apr 6, 2010 7:19pm | Edited 7:36pm
Quoting malcolmb14
Sounds good ...

I thought just a simple buy at 1.3390 tp 1.3500 would do ..lol
Mon Amiee:

You lie like a rug. LOL

YOU do not "just buy (or sell)". You look at 6 different timeframes, you focus on background information from 3 days ago. You look at MAs, you look at RSI readings. You turn on TG and look for color changes in bars and diamonds. You have even started talking about ATR (another level of complexity from my point of view).

Don't get me wrong. I would be the first to say that you are one of the successful ones. But don't front by saying you merely, or simply, "Just Buy".

Throw a dart at a dart board and buy or sell based on that. That would be simple and merely "just buying (or selling)". Or buy for no other reason than prices are rising and sell for no other reason than prices are falling. Now that's merely and simply "Just buying (or selling)".
Without VSA, you're playing checkers while the Smart Money plays chess.
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