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Trade Using VSA (Volume Spread Analysis)

  • #6,821
  • Apr 15, 2010 10:53am Apr 15, 2010 10:53am
Excellent Job, lascavel!!

Yes, I noticed while trading with VSA, you prefer M30 tf, while HG M5 tf, and Malcolm M15 tf. (If I'm not wrong). All of you provide us very insightful analysis. I'd like to know which style (tf) suites me best. Thanks for you attention.

Cheers

Quoting lascavel
Not sure if i understood your question but with regards to background, is not weak.

Therefore u should note be deluded my the downbars with increase vol (pickup of strengths after u have seen stopping action).

Anyway i have updated my chart on 15min, hope that it answers part of your question.

Cheers!

cheers!
  • #6,822
  • Apr 15, 2010 10:57am Apr 15, 2010 10:57am
Quoting lascavel
continue from my post GU ref:http://www.forexfactory.com/showpost...postcount=6800

GU have retracement to (exceed) the 76% retracement levels TP of swing BC as mentioned in my previous post now seeing selling pressure at this level as expected.

15min chart showing early signs of weakness now (NOTE: the 00 level at 1.5500)


PS:1hr chart will be updated in 30 mins time
My last update for hits week

Here is the updated 1hour chart just to add to the previous post.

A top reversal as expected.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_102 Apr. 16 00.02.gif Size: 33 KB

Price could now drop back down to 76% retracement of CD
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_100 Apr. 15 23.50.gif Size: 29 KB

Cheers!
  • #6,823
  • Apr 15, 2010 10:59am Apr 15, 2010 10:59am
Quoting LuboLabo
Good analisys u identified the right stopping volume followed by up bar for confirmation, but I don't think the last upthrust u identified will reverse the trend, the order flow is too positive.

Lubo.

Umh, I was wrong the uptrhust on 15 min chart worked for some good down pips....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #6,824
  • Apr 15, 2010 11:04am Apr 15, 2010 11:04am
Quoting LuboLabo
Umh, I was wrong the uptrhust on 15 min chart worked for some good down pips....

Lubo.
They always do. How have you been Lubo? I hope all is well.
The trend always ends.
  • #6,825
  • Apr 15, 2010 11:13am Apr 15, 2010 11:13am
Buddy, a question please.

In these days, you have made several incredible 76% retracement projection. I want to know whether it is judged based on current market condition, ie. sideway or consolidation. While the market is in a trend, is there any difference? and How do you adjust your stategy according to the market change? TIA!

P.S. Therefore, your continuous analysis at least till the market condition changes is very IMPORTANT for us. :-)

Quoting lascavel
My last update for hits week
Price could now drop back down to 76% retracement of CD

Cheers!
  • #6,826
  • Apr 15, 2010 11:19am Apr 15, 2010 11:19am
Quoting Shamus
They always do. How have you been Lubo? I hope all is well.
Hi Shamus,
well thanks, hope u 2.
Sorry for my little incursion, with some little bit out of argument.

.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #6,827
  • Apr 15, 2010 12:31pm Apr 15, 2010 12:31pm
Quoting LuboLabo
Hi Shamus,
well thanks, hope u 2.
Sorry for my little incursion, with some little bit out of argument.

.

Lubo.
Always nice to see you back Lubo.
  • #6,828
  • Edited 10:27pm Apr 15, 2010 12:58pm | Edited 10:27pm
Quoting polomine
Buddy, a question please.

In these days, you have made several incredible 76% retracement projection. I want to know whether it is judged based on current market condition, ie. sideway or consolidation. While the market is in a trend, is there any difference? and How do you adjust your stategy according to the market change? TIA!

P.S. Therefore, your continuous analysis at least till the market condition changes is very IMPORTANT for us. :-)
Good question. General information on fibo tends to only talk about the 38 50 & 61% retracement levels, very rarely the 76%.

Of cause is hard to pin exactly where it will retrace to & to what condition can we apply it on.

But in most case, for sideways action u should expect no less then 61% up to 76% but they can be very close depend on the size of the swing. In tighted range 76% can be common.

(i once traded the whole day sideways just mostly using 76% on GU, if i recall i did 6 trades)

here is the chart: (in short i will refer retracement as RET)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_103 Apr. 16 01.54.gif Size: 38 KB

B is 76% RET XA
C is 61% RET of YX
D is 76% RET BC
E is 76% RET CD
F is 76% RET of DE
G is 161% Projections of EF but then it retrace again to 76% FG

Well anyway u get the point.

For trendy markets where a momentum is strong we can expect lower retracement levels not more the 50% or just to 38% (Errata EDIT: 38% instead of 61%).

Exception rather then the rule of coz...

cheers!
  • #6,829
  • Edited 2:11pm Apr 15, 2010 1:41pm | Edited 2:11pm
Quoting LuboLabo
Umh, I was wrong the uptrhust on 15 min chart worked for some good down pips....

Lubo.
But I was right that it cannot reverse the trend....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #6,830
  • Apr 15, 2010 6:17pm Apr 15, 2010 6:17pm
I get the points!!

Thank you very much for explaination.

Quoting lascavel
Good question. General information on fibo tends to only talk about the 38 50 & 61% retracement levels, very rarely the 76%.
cheers!
  • #6,831
  • Apr 15, 2010 7:55pm Apr 15, 2010 7:55pm
Quoting LuboLabo
Good analisys u identified the right stopping volume followed by up bar for confirmation, but I don't think the last upthrust u identified will reverse the trend, the order flow is too positive.

Lubo.

this is where multi time frames come in handy ... check out the 2 hour . Showed this down move clearly. a chart is a chart is a chart may apply to some but not to me.

You had all the time in the world to prep for the move.

Attached Image (click to enlarge)
Click to Enlarge Name: chart2087.png Size: 278 KB
Blogging daily now at www.volume.zone
  • #6,832
  • Apr 15, 2010 10:49pm Apr 15, 2010 10:49pm
Just to close of my post on EG previously ref :http://www.forexfactory.com/showpost...postcount=6790

EG have hit both the TPs as stated in my previous post. Price slightly exceeded the TP2 & stop right at critical round number of 0.87500.

Price have since risen slightly to after seeing stopping action & pickup of strengths.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_104 Apr. 16 11.43.gif Size: 29 KB
  • #6,833
  • Apr 15, 2010 11:12pm Apr 15, 2010 11:12pm
Quoting polomine
Buddy, a question please.

In these days, you have made several incredible 76% retracement projection. I want to know whether it is judged based on current market condition, ie. sideway or consolidation. While the market is in a trend, is there any difference? and How do you adjust your stategy according to the market change? TIA!

P.S. Therefore, your continuous analysis at least till the market condition changes is very IMPORTANT for us. :-)
Just a quick grab of EU while we are still on the topic on 76% retracement. ( No prize for for guessing where EU could be heading next ). gtg

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_106 Apr. 16 12.08.gif Size: 28 KB
  • #6,834
  • Edited 1:05am Apr 16, 2010 12:30am | Edited 1:05am
Quoting lascavel
My last update for hits week

Here is the updated 1hour chart just to add to the previous post.

A top reversal as expected.
Attachment
Price could now drop back down to 76% retracement of CD
Attachment
Cheers!
quik update: additional ref: http://www.forexfactory.com/showthre...57629&page=455

Price have retrace again as expected afte top reversal in 1hr or a weakness & upthrust in 15min (plus additional hidden selling & weak demand)

EDIT: minor update on chart showing bullish pennant(temp) pattern in which GU is now being trap into, could be a possible break up.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_111 Apr. 16 13.41.gif Size: 37 KB
  • #6,835
  • Apr 16, 2010 1:01am Apr 16, 2010 1:01am
The suspense is killing me!

http://www.threesources.com/simmons.jpg
The trend always ends.
  • #6,836
  • Apr 16, 2010 1:02am Apr 16, 2010 1:02am
http://dispatchevent.org/wp-content/..._at_watch1.jpg
The trend always ends.
  • #6,837
  • Apr 16, 2010 1:10am Apr 16, 2010 1:10am
@ Shamus - LOL....now I hope you've picked up on the potential fakeout / stop sweep in cable......

@ TwoBuckChuck - hey - welcome back....


Edit: - Shamus - I hope that's a nice Rioja and I'll join you - later - its 8am here!
Trading Levels with WRBs
  • #6,838
  • Apr 16, 2010 1:11am Apr 16, 2010 1:11am
http://www.endlesssimmer.com/wp-cont...uck_front2.jpg
The trend always ends.
  • #6,839
  • Apr 16, 2010 1:11am Apr 16, 2010 1:11am
http://www.ocf.berkeley.edu/~alphaph...ome%20home.jpg
The trend always ends.
  • #6,840
  • Apr 16, 2010 1:13am Apr 16, 2010 1:13am
http://1.bp.blogspot.com/_lm2JI7sGwY...ars+of+joy.jpg
The trend always ends.
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