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  • #7,181
  • May 2, 2010 1:40pm May 2, 2010 1:40pm
Quoting malcolmb14
90 % right and 20 pip profit you can take large trades and then wait for next set up

gu 5 min with some really tasty trades

I trade with one guy on skype that hops in and out. He takes 20 to 30 a trade in the chop in gu last night he made 100
Yo, Malcolmb!

I notice you are using eSignal in your charts, I have a couple of questions for you..

1) Where is your volume data coming from?

2) Have you ever experimented with constant volume bars? Or Range bars? Price bars?

PEACE!

  • #7,182
  • May 2, 2010 1:43pm May 2, 2010 1:43pm
esignal is a GTIS 200 source data feed

constant volume will not work for vsa .... I think you are talking a constant 1440 tick bar etc

range bars ? I use that on a daily basis

Price bar ..Not sure what you mean

Quoting Jonty
Yo, Malcolmb!

I notice you are using eSignal in your charts, I have a couple of questions for you..

1) Where is your volume data coming from?

2) Have you ever experimented with constant volume bars? Or Range bars? Price bars?

PEACE!

Blogging daily now at www.volume.zone
  • #7,183
  • May 2, 2010 2:01pm May 2, 2010 2:01pm
Quoting malcolmb14
esignal is a GTIS 200 source data feed

constant volume will not work for vsa .... I think you are talking a constant 1440 tick bar etc

range bars ? I use that on a daily basis

Price bar ..Not sure what you mean
I think range bars are slightly different to tick bars - one "unit" in a tick bar counts as a change in either bid/offer, while a price bar counts the number of prices that are traded at. That is it I think, but pulling up a 100 tick chart (set your interval to 100t) and a 100 price chart (100p) yeilds two charts with very subtle differences. A 100 volume chart would be 100v by the way.

So does that mean the volume on your charts is "tick volume"..? I only subscribe to delayed FX data (I don't actually trade FX, yes I am aware of the irony) because I get the CME futures instead... have you tried VSA on these..??

... and one more question, if I may be so bold - why do you dismiss VSA on constant volume charts?

Take it easy chaps... crappy bank holiday weather here in London
  • #7,184
  • May 2, 2010 2:25pm May 2, 2010 2:25pm
Quoting Jonty
I think range bars are slightly different to tick bars - one "unit" in a tick bar counts as a change in either bid/offer, while a price bar counts the number of prices that are traded at. That is it I think, but pulling up a 100 tick chart (set your interval to 100t) and a 100 price chart (100p) yeilds two charts with very subtle differences. A 100 volume chart would be 100v by the way.

So does that mean the volume on your charts is "tick volume"..? I only subscribe to delayed FX data (I don't actually trade FX, yes I am aware of the...
How could u use VSA on constant volume bars, since u see the same volume for every bar?
On spot FX the volume is tick volume so also tick bars chart is like volume chart, the only different charts u can try is range bars or price bars (few platform provide it) or other like renko PnF etc where u can see different tick volume per bar. True volume(as traded contracts) like on futures is really different thing....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,185
  • May 2, 2010 2:27pm May 2, 2010 2:27pm
i wish all we have a nice trading week...
  • #7,186
  • May 2, 2010 2:40pm May 2, 2010 2:40pm
what is constant volume ? can you post a chart with examples

yes i have used vsa on futures , hence holding long eu over weekend based
on daily for 3500 target

Quoting Jonty
I think range bars are slightly different to tick bars - one "unit" in a tick bar counts as a change in either bid/offer, while a price bar counts the number of prices that are traded at. That is it I think, but pulling up a 100 tick chart (set your interval to 100t) and a 100 price chart (100p) yeilds two charts with very subtle differences. A 100 volume chart would be 100v by the way.

So does that mean the volume on your charts is "tick volume"..? I only subscribe to delayed FX data (I don't actually trade FX, yes I am aware of the...
Blogging daily now at www.volume.zone
  • #7,187
  • May 2, 2010 2:52pm May 2, 2010 2:52pm
Quoting LuboLabo
How could u use VSA on constant volume bars, since u see the same volume for every bar?
On spot FX the volume is tick volume so also tick bars chart is like volume chart, the only different charts u can try is range bars or price bars (few platform provide it) or other like renko PnF etc where u can see different tick volume per bar. True volume(as traded contracts) like on futures is really different thing....

Lubo.
Hello Mate

As I understand it, VSA is using 3 variables - time, volume, and range - e.g. "in this 15m period, there were high volumes traded over a very narrow range (or whatever)". I was just wondering if you could standardise one of the "output variables" (e.g. Volume or Range)... so the VSA approach would be something like "Over the last $500mm of notional, the range has been XX many ticks".

I don't like tick charts/ tick volume so I avoid them. I believe the issues with tick charts etc are supposed to be worst in FX?

Renko+Kagi/PnF/3LB I only know the basics dude.
  • #7,188
  • May 2, 2010 2:53pm May 2, 2010 2:53pm
Quoting malcolmb14
what is constant volume ? can you post a chart with examples

yes i have used vsa on futures , hence holding long eu over weekend based
on daily for 3500 target
If I remember well esignal provide volume bars chart, anyway quite simple, new bar is plotted every X volume.

Lubo.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E-SC012.png Size: 43 KB
If I know how, I tell You!! Few but Good!!
  • #7,189
  • May 2, 2010 2:56pm May 2, 2010 2:56pm
Quoting LuboLabo
If I remember well esignal provide volume bars chart, anyway quite simple, new bar is plotted every X volume.

Lubo.
yeah that is tick volume , set charts to 544t seems popular with tick chart traders

no good for vsa
Blogging daily now at www.volume.zone
  • #7,190
  • May 2, 2010 3:05pm May 2, 2010 3:05pm
Quoting malcolmb14
yeah that is tick volume , set charts to 544t seems popular with tick chart traders

no good for vsa
ok on tick volume, tick chart and volume chart are the same, but not if u use the real volume.
The chart I posted is set to 500v not 500t

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,191
  • May 2, 2010 3:07pm May 2, 2010 3:07pm
Quoting malcolmb14
what is constant volume ? can you post a chart with examples

yes i have used vsa on futures , hence holding long eu over weekend based
on daily for 3500 target
Ok well I will give an EUR/USD example - using the future on the CME.

A constant volume chart uses a specified number of contracts (or shares,$mm,whatever) as it's interval. So, an example would be to set up a 10,000 volume chart on the 6E future - each bar on a chart represents 10,000 contracts traded.

June 6E 10,000 volume chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: 6Evolume.png Size: 23 KB
  • #7,192
  • May 2, 2010 3:10pm May 2, 2010 3:10pm
Quoting malcolmb14
One trade

I typically take one trade a day. My goal is 50 to 100 pips a day and then get out

Each day pairs have a range , so 90% of the time this range will complete between the aisa and us session , we as traders just have to determine which direction days session will be moving in and with vsa and background we can determine this with a fairly high degree of accuracy.

I will typically plan my trades based on event of US and asia session and place trades in late asia / ff for daily range set ups in London .

Attachment
Hey Malcolm,

When you're identifying buyers/sellers during Asia, do you just look for long shadows at tops and bottoms or, do you use other methods. Would you post some more charts of this please, your last one is very helpfull.

Many thanks
  • #7,193
  • May 2, 2010 3:12pm May 2, 2010 3:12pm
Quoting Jonty
Hello Mate

As I understand it, VSA is using 3 variables - time, volume, and range - e.g. "in this 15m period, there were high volumes traded over a very narrow range (or whatever)". I was just wondering if you could standardise one of the "output variables" (e.g. Volume or Range)... so the VSA approach would be something like "Over the last $500mm of notional, the range has been XX many ticks".

I don't like tick charts/ tick volume so I avoid them. I believe the issues with tick charts etc are supposed to be worst in FX?

Renko+Kagi/PnF/3LB...

I'm sorry I think u can't standardazie it, but u can relativize it, u know on different day time and on different TF you have different volume and different range, and the only way to do this is with practice.

Lubo.

Ps. Some VSA algoritms exist but are indicative. Take a look here and here
If I know how, I tell You!! Few but Good!!
  • #7,194
  • May 2, 2010 3:17pm May 2, 2010 3:17pm
Quoting LuboLabo
I'm sorry I think u can't standardazie it, but u can relativize it, u know on tifferent day time and on different TF you have different volume and different range, and the only way to do this is with practice.

Lubo.

Ps. Some VSA exist but are indicative. take a look here http://www.tatechnics.in/
Ok I get it, thanks dude.

VSA isn't something I have come across as a specific "strategy" before... most people I know use volume in the traditional sense (on bar/candlestick charts), with constant volume bars, or with market profile / market delta stuff.
  • #7,195
  • May 2, 2010 3:20pm May 2, 2010 3:20pm
Quoting LuboLabo
I'm sorry I think u can't standardazie it, but u can relativize it, u know on tifferent day time and on different TF you have different volume and different range, and the only way to do this is with practice.

Lubo.

Ps. Some VSA algoritms exist but are indicative. Take a look here http://www.tatechnics.in/


'relativize'



Thanks Lubo, thats cheered me up for the night!

PS thanks for the link!
  • #7,196
  • May 2, 2010 3:24pm May 2, 2010 3:24pm
Quoting Jonty
Ok I get it, thanks dude.

VSA isn't something I have come across as a specific "strategy" before... most people I know use volume in the traditional sense (on bar/candlestick charts), with constant volume bars, or with market profile / market delta stuff.

I use Volume and delta bars analisys with futures data.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,197
  • May 2, 2010 3:26pm May 2, 2010 3:26pm
Quoting Intel


'relativize'



Thanks Lubo, thats cheered me up for the night!

PS thanks for the link!

I'm glad to be funny!

But i don't understand why .

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,198
  • May 2, 2010 3:29pm May 2, 2010 3:29pm
Quoting LuboLabo
I'm glad to be funny!

But i don't understand why .

Lubo.
Relativize can't be a real word surely.....
  • #7,199
  • May 2, 2010 3:43pm May 2, 2010 3:43pm
Quoting Intel
Relativize can't be a real word surely.....

I think it's not the only non real word I wrote on my posts .


BTW may understandable?!?!?

My English is a little bit macaronic .

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,200
  • May 2, 2010 3:46pm May 2, 2010 3:46pm
Quoting LuboLabo
I think it's not the only non real word I wrote on my posts .


BTW may understandable?!?!?

My English is a little bit macaronic .

Lubo.

If it's not a real word......it should be
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