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Trade Using VSA (Volume Spread Analysis)

  • #6,961
  • Apr 21, 2010 12:09am Apr 21, 2010 12:09am
Quoting djarum11
thanks malcom

about the 'low volume test' bar you showed, doesn't that show a lack of buying?

i guess i just have to keep a better eye on M30 because the M5 looked like it was going down to me.

te buying is to the left an we have not seen anything to counter that yet.
Blogging daily now at www.volume.zone
  • #6,962
  • Apr 21, 2010 12:14am Apr 21, 2010 12:14am
DITTO FOR GJ. I see buyers on 30 min. wot do u think?

Quoting malcolmb14
te buying is to the left an we have not seen anything to counter that yet.
Its all in the mind.
  • #6,963
  • Apr 21, 2010 12:41am Apr 21, 2010 12:41am
malc when you see heavy buying (you wait for at least 1 high-volume candle such as in your chart to close) do you then think, 'it's time for me to think about buying' and you wait for a signal ? if you are long term bullish, do you jump in? wait for pullback, both ?

big thanks for your advice !
  • #6,964
  • Apr 21, 2010 12:42am Apr 21, 2010 12:42am
Quoting malcolmb14
lets see if this plays out.

there is selling at 1,5400 but we may have enough buyers interested to take us form 1,5316 / 1.5300 to 1.5400 test later in London

The fact that they are taking her down slightly under low volume in asia is also a bullish sign (positioning to get in a low price later)


Attachment

this post goes to show vsa does not work .... +45 , stop +5 and holding tp 1.5440
Blogging daily now at www.volume.zone
  • #6,965
  • Apr 21, 2010 12:43am Apr 21, 2010 12:43am
Quoting djarum11
malc when you see heavy buying (you wait for at least 1 high-volume candle such as in your chart to close) do you then think, 'it's time for me to think about buying' and you wait for a signal ? if you are long term bullish, do you jump in? wait for pullback, both ?

big thanks for your advice !

on this one i was bullish of 1,5350 due to end london session

I took the dip on asia when I saw volume coming in
Blogging daily now at www.volume.zone
  • #6,966
  • Apr 21, 2010 12:46am Apr 21, 2010 12:46am
Quoting malcolmb14
te buying is to the left an we have not seen anything to counter that yet.
On the other hand, and on a more serious note do you see the way the spread of the up-bar is gradually getting wider and there is no significant interest shown by the volume?

I could be wrong but I feel it wants to test ~1.54 again then sell off... But strong GU news coming out soon.

Let's see.
  • #6,967
  • Apr 21, 2010 12:47am Apr 21, 2010 12:47am
Quoting wh1zz0
On the other hand, and on a more serious note do you see the way the spread of the up-bar is gradually getting wider and there is no significant interest shown by the volume?

I could be wrong but I feel it wants to test ~1.54 again then sell off... But strong GU news coming out soon.

Let's see.

I agree ...the up move on no vol before frankie seems suspect.
Blogging daily now at www.volume.zone
  • #6,968
  • Apr 21, 2010 12:57am Apr 21, 2010 12:57am
+55 on long will out at 4370

Quoting 5abi
DITTO FOR GJ. I see buyers on 30 min. wot do u think?
Its all in the mind.
  • #6,969
  • Apr 21, 2010 4:19am Apr 21, 2010 4:19am
Quoting malcolmb14
think of s/r as zones.

Hidden gap calls them supply and demand zones. They are not precise lines on the chart but areas ... 20 to 40 pip wide. Often we get price rattling around in these zones for a while before break out
Ahhhhhhh I see

You're talking about S&R areas......I thought you were talking about.........well, I dont know what I thought you were talking about......thats why I asked

Thanks for your help last night, yet again I've learnt something here.
  • #6,970
  • Apr 21, 2010 5:25am Apr 21, 2010 5:25am
The forming bar should tell us whether the test passed or failed.
Attached Image (click to enlarge)
Click to Enlarge Name: 18.PNG Size: 98 KB
  • #6,971
  • Apr 21, 2010 5:33am Apr 21, 2010 5:33am
Quoting Intel
The forming bar should tell us whether the test passed or failed.
Well the next bar is up confirming the test but, the test in an ugly one (thanks HG ) and the confirmation bar shows much weakness in the market.

Possible short I think.
  • #6,972
  • Apr 21, 2010 5:35am Apr 21, 2010 5:35am
Quoting Intel
The forming bar should tell us whether the test passed or failed.
Remember that your wide ranged high volume blue bar was during the positive UK news announcement......just the time that the pros use to push the price up for better short entries.....and just breaking above yesterdays high to trigger breakout buy stops...
Trading Levels with WRBs
  • #6,973
  • Apr 21, 2010 5:36am Apr 21, 2010 5:36am
Quoting Intel
Well the next bar is up confirming the test but, the test in an ugly one (thanks HG ) and the confirmation bar shows much weakness in the market.

Possible short I think.
EDIT. also we are at a resistance area and 93% ADR!!!!
  • #6,974
  • Edited 5:59am Apr 21, 2010 5:58am | Edited 5:59am
Quoting Islander
Remember that your wide ranged high volume blue bar was during the positive UK news announcement......just the time that the pros use to push the price up for better short entries.....and just breaking above yesterdays high to trigger breakout buy stops...

I didn't know that, thanks.

I'm useless with the news. Interesting observations.

On first look I thought we could be going up again but, on second(more detailed) look, I changed my mind and thought bearish. And this was without knowing about the news. My chart reading must be improving at least......still a mountain to climb tho

I was just preparing a chart to question why the price was dropping so, without a ND or any confirmation of the UT. But your comment about the news solves that mystery so I wont bother.

Many thanks Islander.
  • #6,975
  • Apr 21, 2010 6:07am Apr 21, 2010 6:07am
Classic move on GU today... Love it. Transfer from weak holder to strong holder.

I bet many uninformed traders where stopped out.... LOL.

Sad that it has to happen this way.

Trading is a mind game and of course luck only favours the prepared mind.
  • #6,976
  • Apr 21, 2010 6:14am Apr 21, 2010 6:14am
GU M30

Price stalling around the asia high. No reason to think its anything other than a small retrace at the mo, then more bears to come?
  • #6,977
  • Apr 21, 2010 6:17am Apr 21, 2010 6:17am
Quoting wh1zz0
Classic move on GU today... Love it. Transfer from weak holder to strong holder.

I bet many uninformed traders where stopped out.... LOL.

Sad that it has to happen this way.

Trading is a mind game and of course luck only favours the prepared mind.

Someone has to lose else where will my winnings come from
  • #6,978
  • Apr 21, 2010 6:29am Apr 21, 2010 6:29am
your chart examples with nice clear explanations helped a lot.

i would love anybody's critique of this chart (not a current price chart--this is from the simulator)

thanks again all.
Attached Image (click to enlarge)
Click to Enlarge Name: gu vsa test.gif Size: 22 KB
  • #6,979
  • Apr 21, 2010 6:45am Apr 21, 2010 6:45am
Quoting djarum11
your chart examples with nice clear explanations helped a lot.

i would love anybody's critique of this chart (not a current price chart--this is from the simulator)

thanks again all.
You're welcome but, please don't put me in the same bracket as sir Malcolm, we are worlds apart.

If me and Malcolm had a fight using nothing but VSA knowledge......I'd be in intensive care by right now!

Your chart is a good example of this, I dont feel qualified to answer I'm afraid, sorry.
  • #6,980
  • Apr 21, 2010 7:13am Apr 21, 2010 7:13am
GU M30

A bit indicisive at the moment.
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