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Trade Using VSA (Volume Spread Analysis)

  • #6,461
  • Apr 6, 2010 7:29pm Apr 6, 2010 7:29pm
I threw a dart at the eurusd and hit long. lol. But no joke I just bought 1.3375.
  • #6,462
  • Apr 6, 2010 7:42pm Apr 6, 2010 7:42pm
A question for you VSA knowledgeable guys. I've been studying VSA and took this trade today and would like to get some feedback as to if I was reading the chart correctly in terms of VSA or if I was way off.

The chart is EU 15m it was around 9 am EST. At point one I saw a wide spread downbar with high volume closing in the middle, which I considered hidden potential buyers after the downmove, the following bar was a downbar closing in the middle with lower vol., followed by another downbar closing in the highs with lower vol.

Then all the little purple lines would have been tests with vol decreasing every time. The bar at point 2 would be a "shakeout"(reverse up-thrust) to try to catch stops, and finally point 3 would have been a No Supply bar and after that it takes off.

Now, since I had to go to work (Mhm, that's right...I still cant dedicate my time fully to trading) when the bar with the first purple line was starting, I just placed a buy limit order at the yellow horizontal line (1.3363) and the SL at (1.3333) and TP at (1.3400) and left to work. When I came back around 6 hrs later the trade had opened and closed with the 37 pip profit. By the way, this is demo trading, as I am in the Learning phase still.

Tell me what you guys think. Did I read the chart correctly?
Attached Image (click to enlarge)
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On a journey to consistency.
  • #6,463
  • Apr 6, 2010 7:43pm Apr 6, 2010 7:43pm
Quoting HiddenGap
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...
The trend always ends.
  • #6,464
  • Apr 6, 2010 7:47pm Apr 6, 2010 7:47pm
Chrome won't let me edit my post. I meant to add I am just checking in and that I hope all of you are doing well.
The trend always ends.
  • #6,465
  • Apr 6, 2010 8:00pm Apr 6, 2010 8:00pm
Quoting Sonofsin5
I threw a dart at the eurusd and hit long. lol. But no joke I just bought 1.3375.
why?
  • #6,466
  • Apr 6, 2010 8:23pm Apr 6, 2010 8:23pm
Quoting Sonofsin5
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.
I'll see how it plays out. I like this little down move on no volume. Try my luck with a long.
Attached Image (click to enlarge)
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  • #6,467
  • Edited 11:30pm Apr 6, 2010 8:32pm | Edited 11:30pm
Quoting Sonofsin5
I'll see how it plays out. I like this little down move on no volume. Try my luck with a long.
Not too sure , i would stay married to that!!
If/when .3372 breaks, we are looking at .3273
  • #6,468
  • Apr 6, 2010 9:56pm Apr 6, 2010 9:56pm
Quoting taomql4
Not too sure , i would stay married to that!!
If/when .3372 breaks, we are looking at .3273
I agree that we will see lower prices again in a short period of time. This trade is looking at a return to at least 1.3400 in London. Id like to snag a small amount of pips from it if I can. I have a good SL and the r:r is where I like. Plus my fingers are crossed.
  • #6,469
  • Apr 6, 2010 10:26pm Apr 6, 2010 10:26pm
Quoting Tataocb
A question for you VSA knowledgeable guys. I've been studying VSA and took this trade today and would like to get some feedback as to if I was reading the chart correctly in terms of VSA or if I was way off.

The chart is EU 15m it was around 9 am EST. At point one I saw a wide spread downbar with high volume closing in the middle, which I considered hidden potential buyers after the downmove, the following bar was a downbar closing in the middle with lower vol., followed by another downbar closing in the highs with lower vol.

Then all the little...

Keep up the study and practice, your'e on the right track...


A question to ask yourself .... if you didnt have to work where would you have entered? Would you have held out during all the high volume ups and downs.. or ?


Right and wrong is determined solely by the results !



Best of luck


Chief

  • #6,470
  • Apr 6, 2010 10:44pm Apr 6, 2010 10:44pm
lol .. simple to me is complex to others....

eu 4 hour double pins at 1.3350 , 1st being selling climax , 2nd being test makes me look for longs in London . Simple no ?

Quoting HiddenGap
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...
Blogging daily now at www.volume.zone
  • #6,471
  • Apr 6, 2010 11:52pm Apr 6, 2010 11:52pm
Quoting chief1oar

A question to ask yourself .... if you didnt have to work where would you have entered? Would you have held out during all the high volume ups and downs.. or ?


That's a good question. One thing I've noticed I will need to develop with VSA is patience, waiting for the correct setup.

It is my understanding that VSA is about identifying and interpreting the bars (no demand, up-thrust, test, no supply, etc...) in the correct place (background) and using them as triggers. So for a long entry, I'd like to see hidden buyers, tests on decreasing or low volume, no supply and possibly, but not necessarily a shakeout/reverse up thrust (I really dont know what to call that one) before going long. As for shorts I'd like to see hidden sellers, no demand and up-thrusts (not in that particular order, but definitely there).

For this particular setup, since the tests were on above average vol. I would have waited until a no supply bar showed up, meaning supply is now out of the way and price can head up. If volume hadn't been above average on those tests, then the shakeout/reverse up-thrust would have been the trigger.
On a journey to consistency.
  • #6,472
  • Apr 7, 2010 1:03am Apr 7, 2010 1:03am
Quoting Tataocb
That's a good question. One thing I've noticed I will need to develop with VSA is patience, waiting for the correct setup.

It is my understanding that VSA is about identifying and interpreting the bars (no demand, up-thrust, test, no supply, etc...) in the correct place (background) and using them as triggers. So for a long entry, I'd like to see hidden buyers, tests on decreasing or low volume, no supply and possibly, but not necessarily a shakeout/reverse up thrust (I really dont know what to call that one) before going long. As for shorts I'd...
Class dismissed. lol

That pretty much sums up this entire thread. No, the entire VSA Methodology. Very nice.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,473
  • Apr 7, 2010 1:33am Apr 7, 2010 1:33am
gu 30 min selling climax , long 1.5240 , stop 30 pip target 1.5350 , could move as high as 1.3580
Blogging daily now at www.volume.zone
  • #6,474
  • Edited 6:01am Apr 7, 2010 5:16am | Edited 6:01am
Hello,
i would like to have comments from expierenced traders.


Was my written comments right or wrong ?


If Wrong - then why?

EDIT 0:
I was ready to hold this position, but unfortunataly :
1) i remember my yesterdays loses.. .
2) My statistics are that after 40-50 pip profit i end with just some small profit (5-10 pips)
3) I havent had possibilitie to close portion of my trades and let other run till my exit'.



Thank You.

Best,
Tom
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  • #6,475
  • Apr 7, 2010 5:51am Apr 7, 2010 5:51am
MAL,
could You please show chart where is selling climax bar on 30 min GU ?

Thanks.


Best,
Tom


Quoting malcolmb14
gu 30 min selling climax , long 1.5240 , stop 30 pip target 1.5350 , could move as high as 1.3580
  • #6,476
  • Apr 7, 2010 9:09am Apr 7, 2010 9:09am
Hey, Could you please tell me how you judge whether the daily range has been reached or not? Do you use the MT4 out-of-box ATR indicator? And different MT Servers use different time zones, and it makes the judgement of daily range a little subjective. What do you think of this?

Thanks and Regards,

polomine

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.
  • #6,477
  • Apr 7, 2010 11:10am Apr 7, 2010 11:10am
Quoting polomine
Hey, Could you please tell me how you judge whether the daily range has been reached or not? Do you use the MT4 out-of-box ATR indicator? And different MT Servers use different time zones, and it makes the judgement of daily range a little subjective. What do you think of this?

Thanks and Regards,

polomine

Okay, I'm not the original coder of this but this is what I use.

With this tool, you can see the range quite clearly to know if it is small, normal or excessive.

If "small", it is good for taking a new position; if "normal", it is good for taking some pips off the table (depending on your management style); and if "excessive", it might be considered a good time to take a counter-trend trade OR just call it a day like I stated earlier.

Use the default settings but you can play with it a little, I hope you find it useful.

Cheers.

Attached File(s)
File Type: mq4 _ RANGE_TRADER_9.08 Labais53.mq4   18 KB | 721 downloads
  • #6,478
  • Apr 7, 2010 11:37am Apr 7, 2010 11:37am
Quoting wh1zz0
Okay, I'm not the original coder of this but this is what I use.
Attachment
I will study its source codes when I have time. Thank you very much.

Quoting taomql4
Are you referring to the daily range Calculator below..?
Thank you, I do not have this indy. Could you tell me where I could get that?
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Click to Enlarge Name: eurusd30.gif Size: 19 KB
  • #6,479
  • Edited 12:22pm Apr 7, 2010 12:07pm | Edited 12:22pm
Quoting polomine
I will study its source codes when I have time. Thank you very much.



Thank you, I do not have this indy. Could you tell me where I could get that?
Here ...i only have the .ex4
Attached Image (click to enlarge)
Click to Enlarge Name: euro4.gif Size: 45 KB
Attached File(s)
File Type: ex4 Multi Range Calculator.ex4   39 KB | 639 downloads
  • #6,480
  • Apr 7, 2010 1:18pm Apr 7, 2010 1:18pm
Quoting taomql4
Here ...i only have the .ex4

that is aweosme .. now can you explain the settings please.
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