Trade Using VSA (Volume Spread Analysis)

Quoting bruceli

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in chart, i realized if I am right, all dips are bought last week and marked up from last thursday to today's rectracement. Do you think the decrease will continue all through the week ?

also, please look at on last friday the narrow middle closed down bar with very high volume wihin 3 weeks, doesnt it mean weakness ?

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Quoting Islander

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Now would you be thinking about the real time development of an actual candle.....if so, then we may be on the same wave length.....

The green / red arrows were trade signals from my thread and the yellow arrows are from a nice little Candle Size Alert that I've found......as usual, this is "work in progress".....

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Quoting asgard2

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Hi Lascavel,

the Fibo that seems to be set for the move, looks back to front to me.. is that right?

I can see it is set by some auto software. if the move is up, draw it from bottom to top. If the move is down, then draw it from top to bottom.

Please just ignore this if I am wrong but I don't think 23% should be below 68% retracing from an up move.

there is another fibo number that is pretty handy that can be added, 70.7...

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Quoting lascavel

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I just reverse the order. (old habit die hard)

For most schools the retracement to 78%, I just use the 23.6% the other way around, & those levels are consider high probability during reatracement by any fibo trader.

cheers!

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Quoting asgard2

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While one is close to the inverse of the other.. if you are quoting a retracement level of 23%, then it does not mean 78% to the people reading it. There are a lot of dollars in the difference.

Not giving you a hard time but it could lead to some confusion. I will keep it in mind from now to reverse the fibo numbers when I am reading your posts.

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Quoting lascavel

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Gooday & i would like to update GU, continue from my previous posts...

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Quoting asgard2

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You know.. the way the GBP is right now it is too hard to pick.

In all honesty unless you are on this inside.. you are taking a big risk trading this pair at the moment because the market is sideways

The thing is all over the place and there seems to be some outside interest in capping its run up even though the market makers tried to break the cap on Monday. They need it broken because a lot of their traders will not be trading while the market is in this state.

My take is that this is in a daily and slightly expanding flag pattern that...

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Quoting bruceli

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I have a question about this, if such a market under control of big players, and lets say, these guys push or pull the price to a new level in this period, after all, does the price has to go back its lets say original level ?


thanks a lot.

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Quoting Intel

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@Lascavel

What do you mean by the term 'Pickup@ please?

Cheers

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Quoting asgard2

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I am not sure what original level is but I believe it works like this

The floating of the currency market was to ensure free trade between nations and effectively it is the same as handicapping a horse. All trade partners are supposed to be equal and difference in the exchange rate is supposed to ensure that when I exchange currency, the buying power remains the same on a global scale.

Low currency=better trade demand ,more trade demand= currency increases. currency increases==lower demand and so it goes round

The Big banks are the biggest...

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Quoting lascavel

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Just a quik term to refer to increase of volume on downbars after some signs of strengths or support have already taken place. So if if there is still demand, you will see addition buyers entering thus "picking up" the momentum or simply put, "point of additional accumulation" or pickup of "ACTIVITIES", if you like..

I use the term both ways for built up of strength or weaknesses.

cheers!

PS: i know is not a VSA term but i will try to simplify it coz VSA term can be vague for newbies too.

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Quoting pete148

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Good work lascavel, im sure we all appreciate it alot. You inspired me.

I dont have alot of problem spotting the areas etc. And ive had positive days of like 7 to 10%. But im not consistent and sometimes ill take like 3 losses in a day.

ATM been trading live AGAIN for 2 weeks. down 10% so far.

If someone could help with entry's to just, im sure help us all get over the final hurdle that be awesome.

Thnkx alot for this thread guys.
Peace

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Quoting bruceli

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half an hour ago, one hour bar closed on its high in last minute again that comes from middle low.
maybe it would be better in such days to observe the movements of bar rather than volumes.
in addition, today, all increasing volumes happened on down moves mostly.
yess, who know the direction
thanx again.

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Comment("n", "Manual Trader", "n", "GMT Time is ",TimeToStr(GMT) ,"n","London Open is ",(LondonOpen),"n" ," FranfurtOpen =",(FranfurtOpen),"n"," NewYorkOpen =",(NewYorkOpen));
   // Time 
    int GMToffset=+10, Hr=1*60*60;
    int  GMT = datetime TimeLocal() - (GMToffset * Hr), timeA=TimeHour(GMT), timeB=TimeHour(GMT);
    if((Month()<=3 && Day()<27 ) && (Month()>=10 && Day()>26)) timeA=timeA-1; //DST
    if((Month()<=3 && Day()<14 ) && (Month()>=11 && Day()>7)) timeB=timeB-1; //DST
   
    bool FranfurtOpen, LondonOpen, NewYorkOpen, AsiaOpen;
    if (timeA >= 7 && timeA < 15)   FranfurtOpen=true;
    if (timeA >= 8 && timeA < 16)   LondonOpen=true;
    if (timeB >= 12 && timeB < 20) NewYorkOpen=true;
    if (TimeHour(GMT) >= 23 || TimeHour(GMT)< 7) AsiaOpen=true;// No DST