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Trade Using VSA (Volume Spread Analysis)

  • #6,741
  • Apr 14, 2010 5:37am Apr 14, 2010 5:37am
Gj looks like buying at this level it fell thru a bit but buying area at .04 so just looking for more buying, and then a test.
  • #6,742
  • Apr 14, 2010 5:38am Apr 14, 2010 5:38am
Quoting asgard2
Here you go.. you can track each candle action realtime. Just paste this in your favorite chart indicator and it will put the main sessions on the chart as well as the GMT time. you will know when each candle is about to close. I wrote it myself for myself so it could be better but it works. Naturally, you will need to alter your local GMT time offset.


[code]
Comment("n", "Manual Trader", "n", "GMT Time is ",TimeToStr(GMT) ,"n","London Open is ",(LondonOpen),"n" ," FranfurtOpen =",(FranfurtOpen),"n"," NewYorkOpen =",(NewYorkOpen));...
hi Asgard,

thanks for the code, I'll try to paste it, cause i dont know how to do .

about closing of the candle, you mean that you know just couple of seconds before real time, before not closed ? or lets say, as if it closes 1-2 seconds in your chart before real execution,close ?

I am sorry, I dont understand really.

ok then, i have also tried to do something similiar to this actually. I use futures price, because it seems 1-2 seconds faster than the platform I use, and you know, sometimes, you can catch 4-5 pips difference, and if it goes in the same direction, then you are starting with profit. but sometimes, it makes me fool, and i take the reverse position. and sometimes it requotes.
  • #6,743
  • Apr 14, 2010 6:08am Apr 14, 2010 6:08am
Quoting bruceli
hi Asgard,

thanks for the code, I'll try to paste it, cause i dont know how to do .
OK paste any indicator that you use , that does not have writing in the top left hand corner and I will do it for you

Quote
about closing of the candle, you mean that you know just couple of seconds before real time, before not closed ? or lets say, as if it closes 1-2 seconds in your chart before real execution,close ?

I want to know ahead of time what everyone else is going to see a few seconds later. The reason is that I open a trade a few seconds before the close if it is looking good. Else, some pros have software that opens before I can get in and the broker gets hit with a bunch of orders on candle close and I am out maybe 10 points from candle close to the time I can get the order in. This is really common. I am on ECN so the price I get is the arrival price not the quoted price.

Quote
ok then, i have also tried to do something similiar to this actually. I use futures price, because it seems 1-2 seconds faster than the platform I use, and you know, sometimes, you can catch 4-5 pips difference, and if it goes in the same direction, then you are starting with profit. but sometimes, it makes me fool, and i take the reverse position. and sometimes it requotes.

You know way more than me in this area and I would be interested to hear about it.
  • #6,744
  • Apr 14, 2010 6:27am Apr 14, 2010 6:27am
http://i865.photobucket.com/albums/a...46/gj30m-1.jpg

Still looking for a nice clean test on the 5 min. Hope sm gives a neat and easy to me.
  • #6,745
  • Apr 14, 2010 6:32am Apr 14, 2010 6:32am
hi asgard,

here my simple indicator, volumeeee

regarding using future price, you know , actually my brokers platform is slow sometimes, and these 3-4 pip jumps which seen 1-2 seconds before in futures than my brookers mt4, oftenly makes me fool actually. it's for scalping, and i cant manage it. i have to think and execute so faster. besides, it requotes..

for example, i can see my friends screen as well, and he did several times, but he did failed twice. and all about is just for 5-6 pips.


and i dont know whether it is healthy thing to do for scalping.

meanwhile, i tried to copypaste, however, i couldnt do it.
thank you for it.
I attached volumes..
Attached File(s)
File Type: mq4 Volumes.mq4   4 KB | 795 downloads
  • #6,746
  • Apr 14, 2010 8:32am Apr 14, 2010 8:32am
quik update on GU continue from previous post ref: http://www.forexfactory.com/showpost...postcount=6736

busyy day for me today. Anyway here goes

FOMC day & it makes for a very volatile day for most majors. There are alot of activities in resistance levels with pushing & pulling of supply & demand all over the place. It takes a braveheart to trade GU today

Weakness appears for now. (GU may still move upwards to 1.5500 or slightly above that but it would be wise to wait for some test or skip it altogether)

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_64 Apr. 14 21.30.gif Size: 37 KB


PS: it pays to look at the EURGBP too as strengths have been pickup up there.
  • #6,747
  • Apr 14, 2010 8:48am Apr 14, 2010 8:48am
ATM stands for AT THIS MOMENT, doesn't it?

Quoting lascavel
You are welcome,


Sorry i m not familiar with ATM.??
  • #6,748
  • Apr 14, 2010 9:46am Apr 14, 2010 9:46am
Failed trade. I should have not tried to trade counter the trend without ideal vsa setup, since the price is above daily pivot and the range is within daily ATR.

Any comments will be highly appreciated!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd30.gif Size: 21 KB
  • #6,749
  • Apr 14, 2010 9:53am Apr 14, 2010 9:53am
Quoting polomine
Failed trade. I should have not tried to trade counter the trend without ideal vsa setup, since the price is above daily pivot and the range is within daily ATR.

Any comments will be highly appreciated!
i dont know mate.. it think it is a short coming up..soon, so we'll see

ps.. dont trade it though cause it breaks every rule
  • #6,750
  • Edited 11:20am Apr 14, 2010 10:52am | Edited 11:20am
continue with my previous EURUSD post ref: http://www.forexfactory.com/showpost...postcount=6740

Too busy today to make timely updates...

As mentioned in my previous post, EU did retrace further with a ABC type correction, just below 50% retracement level at which it starts pickup up strengths again to the eventual break out of todays high.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_68 Apr. 14 23.37.gif Size: 37 KB


Here is the TP1 & 2, esitimate is within ADR,


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_69 Apr. 14 23.51.gif Size: 28 KB
  • #6,751
  • Edited 2:24pm Apr 14, 2010 11:32am | Edited 2:24pm
http://www.forexfactory.com/attachme...8&d=1271177054

Hello, lascavel!

Would you explain me please, how did you recognize accumulation? As I know, accumulation phase consist of some points: 1. Spreads must be narrow 2. Volume should shrink near support line and increase near resistance line. 3. And market should go sideways.

Please, help me and correct if I'm wrong!

P.S.: Sorry for my English!
  • #6,752
  • Apr 14, 2010 11:40am Apr 14, 2010 11:40am
continue my GU post from ref: http://www.forexfactory.com/showpost...postcount=6747

GU headed north after a test which negate previous signs of weakness. In this case the importance of waiting for a test with all the strengths in the background & focusing on these key elements is essential.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_71 Apr. 15 00.26.gif Size: 38 KB


I miss out on the TP chart earlier, here goes.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_72 Apr. 15 00.35.gif Size: 23 KB
  • #6,753
  • Apr 14, 2010 12:43pm Apr 14, 2010 12:43pm
Quoting polomine
Failed trade. I should have not tried to trade counter the trend without ideal vsa setup, since the price is above daily pivot and the range is within daily ATR.

Any comments will be highly appreciated!
Don't be afraid YET
We got a nice double top at the major resistance + declining volume on wide spread up M30.....for me it seems like it's no interest in CURRENT price so week either go down from now(more likely) or if it can blew resistance today in the end of us or in asia.
Something definitely cooking over there! If price will be at that top for a while from now than breakout to upside can be very strong! Or it will go down more calmly
Don't exit short, just put stop in 490 area, do you see where your ATR line is?
“buy the rumor, sell the news”
  • #6,754
  • Apr 14, 2010 12:48pm Apr 14, 2010 12:48pm
Opinions please.

Please see chart below. Although I have uploaded the chart, the questions I have are for a general idea.

Q1. In an up trend, if we have a wide spread up bar closing close to the high on climatic volume and the next bar is down. All followed by a narrower spread up bar on even higher volume closing off the high. Is it reasonable to expect a retrace of some sort rather than a reversal?

Because if it were going to reverse we should not get the down bar between the up bars, the narrower spread bar would be a narrow spread(not just narrower) and it would come directly after the wide spread up bar to indicate the end of a rising market or squat.

Q2. AFTER THE 2 CLIMATIC BARS. If we see a no selling pressure followed imediately by a no supply/test, can we legitimately look to go long.

Q3. IF WE CAN LOOK TO GO LONG. Is the break of the high of the no supply/test the right entry point?



I hope the questions are clear.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 12.PNG Size: 104 KB
  • #6,755
  • Apr 14, 2010 12:54pm Apr 14, 2010 12:54pm
Quoting Intel
Opinions please.

Please see chart below....
I think you need to look at little bit bigger picture and compare what's going on to previous top. Read my previous post.
Technically you are right but it's dangerous to buy or sell based on a 15m data when such significant facts is near: double top and highest high from almost 2 month.
“buy the rumor, sell the news”
  • #6,756
  • Edited 1:30pm Apr 14, 2010 1:29pm | Edited 1:30pm
Quoting ShowT
I think you need to look at little bit bigger picture and compare what's going on to previous top. Read my previous post.
Technically you are right but it's dangerous to buy or sell based on a 15m data when such significant facts is near: double top and highest high from almost 2 month.
Thanks for replying

If you look at my VERY FIRST PARAGRAPH you'll see that I said the questions are for a GENERAL IDEA and not specific to this chart.
  • #6,757
  • Edited 2:55pm Apr 14, 2010 2:32pm | Edited 2:55pm
Quoting taomql4
Well, i see professional activity on around EU, ATR is pretty much
oversold--we need another session--asia/london might take her up..
@TP .3700
closing out my trades!!!-.
Don't like that Big arse candle...

Supply on the Left----if that supply can't break .3648 on the Euro,
then .3700, might just happen/...



aiight guys..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro.gif Size: 58 KB
Click to Enlarge Name: gbpound.gif Size: 59 KB
  • #6,758
  • Apr 14, 2010 2:59pm Apr 14, 2010 2:59pm
Quoting taomql4
closing out my trades!!!-.
Don't like that Big arse candle...

Supply on the Left----if that supply can't break .3648 on the Euro,
then .3700, might just happen/...



aiight guys..
hi Taomql4,

if that ATR can be used in MT4, possible to put here ?

thanks...
  • #6,759
  • Apr 14, 2010 3:03pm Apr 14, 2010 3:03pm
Quoting taomql4
Remember this everybody---DJ 20, 000. we are in a MATRIX...lol
.
Don't fight the FEDs everybody, Grab your joysticks and play the
video game..lol
  • #6,760
  • Apr 14, 2010 3:08pm Apr 14, 2010 3:08pm
Quoting bruceli
hi Taomql4,

if that ATR can be used in MT4, possible to put here ?

thanks...
Here...

do you have HLC indy for charts?
-similar to the ones you see on the Right...
Attached File(s)
File Type: mq4 iPolo - Daily Pivots and HLCATR.mq4   15 KB | 584 downloads
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