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Trade Using VSA (Volume Spread Analysis)

Quoting malcolmb14
that is aweosme .. now can you explain the settings please.
Alrighty then... Who Hijacked Malcolmb's account???


No offense mate, but your last couple of posts just don't seem like you...


-SK-
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?

What are those yellow lines on the chart? I didnt get them with atached indicator?
The Market pays you to be disciplined
Quoting SilverKnight
Alrighty then... Who Hijacked Malcolmb's account???


No offense mate, but your last couple of posts just don't seem like you...


-SK-

I agree, it does seem like someone else. I think Mal has coded a postbot loaded up with malisms
The trend always ends.
Quoting Shamus
I agree, it does seem like someone else. I think Mal has coded a postbot loaded up with malisms
malisms.. I love it!

-SK-
Quoting SilverKnight
Alrighty then... Who Hijacked Malcolmb's account???


No offense mate, but your last couple of posts just don't seem like you...


-SK-
well here goes ....

I am working on something , fed up with being shaken out for a mere 50 pip a day when gu moves 150 pip . So using vsa been banging tops and bottoms and managing to stay in even if I get a little shake out on a 15 min due to considering and picturing the daily candle in my head , even taking coutner trend trades at daily range limits when vsa set up are there.

This is why I was interested in that atr indciator .... right now I manually plot it. It is just another tool.

Today was already short gu 1.5265 as we reached top of range with no demand bars on 30 min . Right now stop is break even . Goal is 2000 pip a month and that is just GU ....

Last week went well .... this week even better .

Hope you understand what I am up to now and maybe last 2 posts make some sense to you.

Put it this way lets say price goes thru upper value yesterday , has buying climax 30 pip just above it (30 pip only) comes down thru the prior days upper value area , we can assume that top may be in for day. Then just sell with stop above buying climax and take profit 0.8 of daily ATR ....

Do not belive me this wrosk ? I can show you three trades . inclduing es droppage where it worked perfectly.

I will post trades I take tonight in London tomorrow.... to busy to post here , but this stuff really works and pip capture is huge

I am always striving to evolve into a better trader.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
Quoting malcolmb14
well here goes ....

I am working on something , fed up with being shaken out for a mere 50 pip a day when gu moves 150 pip . So using vsa been banging tops and bottoms and managing to stay in even if I get a little shake out on a 15 min...
There's the Mal we know!
just checking...

Very interesting use of the ATR... might have to experiment with that my self... I'd be interested to see those 3 trades you mentioned and also any further results you care to share...

Thanks mate!

-SK-
Quoting mima
What are those yellow lines on the chart? I didnt get them with atached indicator?
Sorry, they are from another indicator -- ATR levels, currently i use. If you like, I can share it with you. I think, it's very simple compared with those wh1zz0 and taomql4 posted, although I have not taken time to study them.
I can tell what those yellow lines are:
prior high - ATR(14)
prior low + ATR(14)
today high - ATR(14)
today low + ATR(14)
But I don't know their effectiveness. Could anybody tell me about it?
Quoting polomine
Sorry, they are from another indicator -- ATR levels, currently i use. If you like, I can share it with you. I think, it's very simple compared with those wh1zz0 and taomql4 posted, although I have not taken time to study them.
I can tell what those yellow lines are:
prior high - ATR(14)
prior low + ATR(14)
today high - ATR(14)
today low + ATR(14)
But I don't know their effectiveness. Could anybody tell me about it?
Ya Ok, post it please...and thank you.
The Market pays you to be disciplined
now if someone ( hint hint shamus) with super duper programming powers can programme something that works out the average ATR for each session ...that would be awesome ...

then we would know what range to expect asia , london and US
Blogging daily now at www.volume.zone
will post in 12 hours, because i am in the office now.

BTW, I think it should include two additional lines:
prior close + ATR
prior close - ATR
I will do that asap.

Quoting mima
Ya Ok, post it please...and thank you.
Quoting malcolmb14
now if someone ( hint hint shamus) with super duper programming powers can programme something that works out the average ATR for each session ...that would be awesome ...

then we would know what range to expect asia , london and US
Yes, it's very important for us to ensure NO PIP LEFT BEHIND.
I agree with Malcomb, ATR ( dark green lines) is a great tool to have. Price frequently hits the area and reverses. Great areas to go counter trend with volume confirmation. Sorry guys if I screw up on the upload, This is my first post.
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Quoting polomine

1. Regard London or EU open as a new daily session, so prior close is the last bar's close before London Open.
2. Use prior close or pivot as the criteria to identify the trend direction and decide the interday trading plan, buy dips or sell rally using VSA.
3. Only try to trade counter the trend when there is good VSA setup (tf >= M15) AND daily range based on ATR has been satisfiled.
4. The SL/TP can be drawn from prior HLC, pivot and S/R, and MP POC, PVP, VWAP, etc.
I've been out of forum to make some pips in real world))

1.yes.. BUT I actually take NY close(gmt 21:00) as daily close. You can consider asia as a gap between sessions. Your pivot indy is extremely good painting H/L and dayly open. Close is not so important.
2. Yep that's what we trying to do!
3. Yes, in that case just very obvious retrac is worth trade.
4. Yes, but always remember that any line has no power by itself, past price action near it gives the power to S/R level.
Like if price assault some minor(from fist look)price level couple times with very hi or too low volumes this level becomes significant!

Right bow I'm too exited because I found BIG correlation between VSA and volatility breakout methods I used to love earlier. So now I know not only WHEN but WHY I should step into trade)
“buy the rumor, sell the news”
I was hoping someone could direct me in the right area on the web to find a way to tell how many longs vs. Shorts there are for any given Currency Pair...I am hoping someone in thos forum can help....I wanted to start a new post but i am still a junior member

thanks all
John
VSA "experts" asking for indicators...lol, i love it.

Joking aside you may find something of use here
Quoting tfflyer
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
As I understand the three up bar rule that Tom uses, you need three consecutive up closes then you exit. I only see two consecutive white lines (open >close) that are up closes. I believe the good Dr. mentioned that he too uses this rule and would be waiting for one more up candle, unless he saw an obvious climatic action type candle that would hasten his exit.

I should make the point that the up closes do not have to be white line (open>close) as VSA does not even pay attention to the open.

P.S. The second candle has a lot of volume and a small range. While it is not technically a squat, the range to volume ratio should signal to you that there is a lot of supply or downside pressure. Something is keeping the range narrow as the volume increases. Supply must be swamping demand.
Wyckoff VSA: Always FIBbing, but never lying.
Quoting malcolmb14
now if someone ( hint hint shamus) with super duper programming powers can programme something that works out the average ATR for each session ...that would be awesome ...

then we would know what range to expect asia , london and US
Not sure what happened but there was a picture of the "dashboard". You might want to check that out. It's in one of the sub forums.

EDIT: Oh, it might not be free.
Wyckoff VSA: Always FIBbing, but never lying.
Quoting sharpster
VSA "experts" asking for indicators...lol, i love it.

Joking aside you may find something of use here

just being lazy ...could do it by hand and something that shows you range of each session is not really an indicator ..lol

BTW short off 1.5220 gu target 1.5100
Blogging daily now at www.volume.zone
having a hard time right now , but as long as top holds weakness is there

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
Thanks HG for comments.

Best,
Tom


Quoting HiddenGap
As I understand the three up bar rule that Tom uses, you need three consecutive up closes then you exit. I only see two consecutive white lines (open >close) that are up closes. I believe the good Dr. mentioned that he too uses this rule and would be waiting for one more up candle, unless he saw an obvious climatic action type candle that would hasten his exit.

I should make the point that the up closes do not have to be white line (open>close) as VSA does not even pay attention to the open.

P.S. The second candle has a lot of volume and a small...
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