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Trade Using VSA (Volume Spread Analysis)

  • #6,561
  • Apr 9, 2010 9:12am Apr 9, 2010 9:12am
lascavel, what are your trend diamond settings at?
  • #6,562
  • Apr 9, 2010 9:19am Apr 9, 2010 9:19am
Quoting Sonofsin5
lascavel, what are your trend diamond settings at?
Just simple moving avg of 20 period. (Tradeguider calls it diamonds but essentially they are just SMA)

Please use attached if u are interested, i modify it to paint as dot instead.

Cheers!
Attached File(s)
File Type: mq4 MA in Color(dot).mq4   4 KB | 504 downloads
  • #6,563
  • Apr 9, 2010 9:28am Apr 9, 2010 9:28am
Thank you very much! I read you usd/cad post. Your fibo projection is amazing indeed!

Hope you could post frequently in this thread.

Sincerely

Quoting lascavel
No at all silly, for my case it depends on available swings which i can measure off it. In this case i m trying to ascertain possible retracement level to either 38.2 or 23.6 % (high percentage replacement target levels).

But if i am doing a projection, e.g.for a buy target I will use recent swing hi(100%) & low(0%) respectively. please refer to my previous USDCAD post :http://www.forexfactory.com/showpost...postcount=6556

Vice versa for a sell.

Cheers!
  • #6,564
  • Apr 9, 2010 10:13am Apr 9, 2010 10:13am
Continue from my previous GU post:

ref: http://www.forexfactory.com/showpost...postcount=6557

GU found strength once it hit fib level of 38.2% follow by a shake-out which indicates sudden interest of professional money. (Do keep in mind that in 15mins time-frame things are very dynamic)

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_26 Apr. 09 23.05.gif Size: 31 KB



On a 4hr chart things looks even more bullish with formation of double Insidebar(IB). Any break out of an IB is a trigger for long. (this is not VSA related but an IB with low vol can be view as a test)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_27 Apr. 09 23.07.gif Size: 22 KB
  • #6,565
  • Apr 9, 2010 10:46am Apr 9, 2010 10:46am
Quoting lascavel
Continue from my previous GU post:

ref: http://www.forexfactory.com/showpost...postcount=6557

GU found strength once it hit fib level of 38.2% follow by a shake-out which indicates sudden interest of professional money. (Do keep in mind that in 15mins time-frame things are very dynamic)

Attachment


On a 4hr chart things looks even more bullish with formation of double Insidebar(IB). Any break out of an IB is a trigger for long. (this is not VSA related but an IB with low vol can be view as a test)
Attachment ...

Nice posts, keep um comin.

Think you've miss labelled the shake out tho. It should be the bar prior to the one you marked.
  • #6,566
  • Apr 9, 2010 10:52am Apr 9, 2010 10:52am
Quoting Intel
Nice posts, keep um comin.

Think you've miss labelled the shake out tho. It should be the bar prior to the one you marked.
Ah, i know what you mean. But it is correct to my understanding on the subject.

You can think of it this way: combine both bar as one, the whole thing will look like proper shake-out bar, i think?

Cheers!
  • #6,567
  • Apr 9, 2010 10:52am Apr 9, 2010 10:52am
Quoting lascavel
Continue from my previous GU post:

ref: http://www.forexfactory.com/showpost...postcount=6557

GU found strength once it hit fib level of 38.2% follow by a shake-out which indicates sudden interest of professional money. (Do keep in mind that in 15mins time-frame things are very dynamic)

Attachment


On a 4hr chart things looks even more bullish with formation of double Insidebar(IB). Any break out of an IB is a trigger for long. (this is not VSA related but an IB with low vol can be view as a test)
Attachment ...
Hope you dont mind me asking questions.

Your 2nd IB hasn't formed yet so it doesnt count, is that right?
It would only be a long trigger if the IB broke upwards when price is above the daily open?
  • #6,568
  • Apr 9, 2010 10:59am Apr 9, 2010 10:59am
I think we will need more volume to break the 5390 area of rsistance. Maybe we'll have another crack at it soon.

But for the short term, I think we're going back down (maybe to have a run at it).
  • #6,569
  • Apr 9, 2010 11:04am Apr 9, 2010 11:04am
GU M15

Last bar was a test into an area of prvious higher volume. The next bar will be revealing.....I hope
  • #6,570
  • Apr 9, 2010 11:05am Apr 9, 2010 11:05am
Quoting Intel
Hope you dont mind me asking questions.

Your 2nd IB hasn't formed yet so it doesnt count, is that right?
It would only be a long trigger if the IB broke upwards when price is above the daily open?

My apologies i forget to mention that at that time of analysis, the bar have 2 over hours before bar ends. In retrospect it may not be appropriate to mention it but i guess i was just trying to highlight the potential of such double IB setup in 4hrs chart. kindly ignore it if it create confusion.

Cheers
  • #6,571
  • Apr 9, 2010 11:12am Apr 9, 2010 11:12am
Quoting lascavel
My apologies i forget to mention that at that time of analysis, the bar have 2 over hours before bar ends. In retrospect it may not be appropriate to mention it but i guess i was just trying to highlight the potential of such double IB setup in 4hrs chart. kindly ignore it if it create confusion.

Cheers
It's off topic so I'll mention it no more except to say that the only reason I asked is cos I have been reading the DIBS thread and it looks interesting. Just wanted to be sure I was grasping the fundamentals correctly.

Thanks
  • #6,572
  • Apr 9, 2010 11:16am Apr 9, 2010 11:16am
GU M15

Got to go to work now but, our last attempt to break 5390 area has failed into an UT also.

I think short term, a short trade is on.
  • #6,573
  • Edited 12:22pm Apr 9, 2010 12:09pm | Edited 12:22pm
Quoting Intel
It's off topic so I'll mention it no more except to say that the only reason I asked is cos I have been reading the DIBS thread and it looks interesting. Just wanted to be sure I was grasping the fundamentals correctly.

Thanks

DIBS is a great thread, buying on updays, selling on downdays...all good stuff, love the posts by peter crowns as well..especialy the "rant" post.

HERE it is..lol




.
  • #6,574
  • Apr 9, 2010 12:37pm Apr 9, 2010 12:37pm
Would someone post a GU M15 chart please. I'm at work and cant access my charting software here.

I'd be very greatful, thanks.
  • #6,575
  • Apr 9, 2010 12:43pm Apr 9, 2010 12:43pm
Quoting Intel
Would someone post a GU M15 chart please. I'm at work and cant access my charting software here.

I'd be very greatful, thanks.

You should be working not surfing...lol
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  • #6,576
  • Apr 9, 2010 12:53pm Apr 9, 2010 12:53pm
Quoting sharpster
You should be working not surfing...lol
Many thanks my friend.

And your right I SHOULD be working

I'm afraid that forex has me in its 'vice like' grip and it wont let go!!!!!

Looking forward to the day when my 'surfing' and 'working' become the same activity
  • #6,577
  • Apr 9, 2010 1:46pm Apr 9, 2010 1:46pm
Something is cooking over the weekend

Almost 100 % sure of it .

Look at ES charts those that have it massive volume on 30 min on down bar closing in upper portion of bar in 1st 30 min and then sideways,

GU we saw strength yesterday , then follow thru in london and stopped dead on 1.5380 . However look at these 60 min volume on effort to move down and so far that volume has knocked market sideways ( being friday )

I somehow think that greece maybe bailed out or something on the weekend. There are these massive volumes spikes everywhere and then market went flat , alsmost positioning for next weeks move. In fact eu moved up alot , high volume bar on 4 hour , but stopped at R and dialy range for now.

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #6,578
  • Edited 2:04pm Apr 9, 2010 2:01pm | Edited 2:04pm
Quoting malcolmb14
Something is cooking over the weekend

Almost 100 % sure of it .

Look at ES charts those that have it massive volume on 30 min on down bar closing in upper portion of bar in 1st 30 min and then sideways,

GU we saw strength yesterday , then follow thru in london and stopped dead on 1.5380 . However look at these 60 min volume on effort to move down and so far that volume has knocked market sideways ( being friday )

I somehow think that greece maybe bailed out or something on the weekend. There are these massive volumes spikes everywhere...

Mmmmmmmm

I monitor H1 and I dont remember any vol like that. I suppose thats the benefit of ES.

You're right, it is huge volume. It does suggest massive buying by SM.

Is there any way that it might be selling Malcolmb?

If it is buying and we expect a good rise come sun/mon, do you think we might get a reasonable sized shake out/gap up first before the move?
  • #6,579
  • Apr 9, 2010 2:04pm Apr 9, 2010 2:04pm
Quoting Intel
Mmmmmmmm

I monitor H1 and I dont remember any vol like that. I suppose thats the benefit of ES.

You're right, it is huge volume. It does suggest massive buying by SM.

Is there any way that it might be selling Malcolmb?

If it is buying and we expect a good rise come sun/mon, do you think we might get a reasonable sized shake out/gap down first before the move?

It could be selling but note where the volume took place , off the lows fo that range.

I suggest this is buyers on some news coming down the wire on the weekend.

I am NOT holding on the weekend .. does not matter if this gaps or not. Why ? well due to fact that atr gu is about 140 pip per day so I know that as of London session Monday we should see 140 pip movement even it price does gap. Being anxious to trade you end up making more mistakes.
Blogging daily now at www.volume.zone
  • #6,580
  • Apr 9, 2010 2:12pm Apr 9, 2010 2:12pm
Quoting malcolmb14
It could be selling but note where the volume took place , off the lows fo that range.

I suggest this is buyers on some news coming down the wire on the weekend.

I am NOT holding on the weekend .. does not matter if this gaps or not. Why ? well due to fact that atr gu is about 140 pip per day so I know that as of London session Monday we should see 140 pip movement even it price does gap. Being anxious to trade you end up making more mistakes.
Yeah I understand, just wandering how the market might react to that volume.

Will you wait for a vsa entry long or enter at some other signal?
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