Trade Using VSA (Volume Spread Analysis) | Page 365 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Volume Spread Analysis (VSA) and background 5 replies

Trading With VSA - Volatile Volume and Spread Analysis 9 replies

What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply

Volume Spread Analysis (VSA) and the EURUSD 3 replies

VSA Volume Spread Analysis: No demand and accumlation 2 replies

Attachments: Trade Using VSA (Volume Spread Analysis)
Exit Attachments

Trade Using VSA (Volume Spread Analysis)

  • #7,281
  • May 9, 2010 6:39pm May 9, 2010 6:39pm
If EU 15M does not break above 2882, I will sell it here on the lower swing high after the double top and trap up move. Time = 03:38 CET
Attached Image (click to enlarge)
Click to Enlarge Name: $eurusd 15m 5-9-10.gif Size: 34 KB
  • #7,282
  • May 9, 2010 7:36pm May 9, 2010 7:36pm
Quoting rbumbalough
If EU 15M does not break above 2882, I will sell it here on the lower swing high after the double top and trap up move. Time = 03:38 CET
way to bias maybe

you are ignoring that stopping volume at 1,2817

I went long there closed for 117 and am flat now till us tomorrow

goal is only 500 pip per week so on my way
Blogging daily now at www.volume.zone
  • #7,283
  • May 9, 2010 8:11pm May 9, 2010 8:11pm
Thanks Malcomb. You're right. The stopping volume that came in at 0245-0300 CET changed the bias to the bullish side. In my madness, I think that failed breakouts are more probable than follow through breaks. Since EU did in fact break higher, my ill conceived short failed and was stopped for a small loss. I have much to learn. Well at least, I am in better shape than my acquaintance, Jim, whom I occasionally speak with in my local park where I run. Jim is a retired gentleman who lost $28K on Thursday. Jim is not in the habit of using stop losses to limit his capital exposure. That is likely due to a personality flaw of some sort. However, Jim's case shows that Trader Psychology and risk control-money management are more important than entry and exit techniques. Jim has a history of making many profitable trades. Yet he still got clobbered while I was standing aside and watching the madness.

All the best and many thanks too.
  • #7,284
  • May 9, 2010 8:31pm May 9, 2010 8:31pm
Quoting rbumbalough
Thanks Malcomb. You're right. The stopping volume that came in at 0245-0300 CET changed the bias to the bullish side. In my madness, I think that failed breakouts are more probable than follow through breaks. Since EU did in fact break higher, my ill conceived short failed and was stopped for a small loss. I have much to learn. Well at least, I am in better shape than my acquaintance, Jim, whom I occasionally speak with in my local park where I run. Jim is a retired gentleman who lost $28K on Thursday. Jim is not in the habit of using stop losses...
28 k .... wow big loss for a retired fellow.

I limit losses to 1% of account only.
Blogging daily now at www.volume.zone
  • #7,285
  • May 9, 2010 10:23pm May 9, 2010 10:23pm
thank you for pointing out that stopping volume, malcolm.

i'd like to get a feel for how much you switch between timeframes when you are in a trade/looking for an entry. i find myself switching a lot, and i think i get information overload, and all the contradictions that come with different signals from different TFs. would you (or others) please comment, some do's or don'ts would be very helpful. avoiding tunnel vision and paralysis of analysis, etc..... thanks in advance.
mark
  • #7,286
  • May 9, 2010 10:41pm May 9, 2010 10:41pm
Quoting djarum11
thank you for pointing out that stopping volume, malcolm.

i'd like to get a feel for how much you switch between timeframes when you are in a trade/looking for an entry. i find myself switching a lot, and i think i get information overload, and all the contradictions that come with different signals from different TFs. would you (or others) please comment, some do's or don'ts would be very helpful. avoiding tunnel vision and paralysis of analysis, etc..... thanks in advance.
mark
these days been trading mostly 15 / 5 and 2 min due to volatility

getting stops at BE quick is key
Blogging daily now at www.volume.zone
  • #7,287
  • May 9, 2010 11:25pm May 9, 2010 11:25pm
Quoting malcolmb14
these days been trading mostly 15 / 5 and 2 min due to volatility
i wonder if you stick to the 15 say 80% of the time, and switch to the others 1. when seeing a reason to enter/exit, or 2. are constantly keeping aware of what candles, relative volume, etc look like on all of these TFs. (or something else) and can i assume you are occasionally[?] looking at H1/H4 for larger S/R levels, not so much for candle/volume patterns.

i wonder how important it is to look at M1 or M2 TF to watch the movie of supply & demand developing. seems to me it just doesn't work on M1. e.g., you can see no demand sometimes that is really just a pause in the market. kind of makes looking at M1 (i don't have M2) irrelevant.


Quoting malcolmb14
getting stops at BE quick is key
i really have been seeing much better results by practicing this lately. i can imagine that as your account grows it is infinitely more important to protect capital than take a risk on a trade. better to get stopped out at BE 10 times in a row than take a loss. there is always another trade.

cheers malcolm and thanks for being there....
best to you
  • #7,288
  • May 10, 2010 8:16pm May 10, 2010 8:16pm
Hi Guys,

I like to know if any of you with other datafeed as GBPJPY dips to 127.67 as what I got from GoMarkets Australia? See here.

Just need to know if Currenex is a good provider with accurate Price spread and Volume for analysis.
  • #7,289
  • May 11, 2010 4:15am May 11, 2010 4:15am
5-10-2010 $EU 15M Ninth and tenth penultimate bars looked like upthrusts, and in consideration of the weakness in the background, I set a short entry at the highs of those two weak bars, and got short on the retest with a profit target established by the 5M Median line of the working Andrew's pitchfork.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $eurusd 15m 5-10-10.gif Size: 39 KB
Click to Enlarge Name: $eurusd pf 5m 5-10-10.gif Size: 34 KB
  • #7,290
  • Edited 8:06am May 11, 2010 7:28am | Edited 8:06am
Quoting rbumbalough
5-10-2010 $EU 15M Ninth and tenth penultimate bars looked like upthrusts, and in consideration of the weakness in the background, I set a short entry at the highs of those two weak bars, and got short on the retest with a profit target established by the 5M Median line of the working Andrew's pitchfork.
Good scalp trade--, But overall , i think i would rather be on
the Buy side..Maybe , if it breaks above Yesterday's close
@ .27781 1 HR TF-- .2738 15TF , and
if you are Gangstar enough below .27000 ,
after some tests of course...
  • #7,291
  • May 11, 2010 8:14am May 11, 2010 8:14am
Quoting taomql4
Good scalp trade--, But overall , i think i would rather be on
the Buy side..Maybe , if it breaks above Yesterday's close
@ .27781 1 HR TF-- .2738 15TF , and
if you are Gangstar enough below .27000 ,
after some tests of course...
eu looks like accumualtion to me I have been buying dips today on a 5 min
Blogging daily now at www.volume.zone
  • #7,292
  • Edited 8:34am May 11, 2010 8:17am | Edited 8:34am
Quoting malcolmb14
eu looks like accumualtion to me I have been buying dips today on a 5 min

i think we about to get a test around .2713 on the 15 min chart--
maybe i can catch that Bus...

EDIT:
they are still trying to remove supply..
  • #7,293
  • May 11, 2010 10:07am May 11, 2010 10:07am
Quoting taomql4
i think we about to get a test around .2713 on the 15 min chart--
maybe i can catch that Bus...

EDIT:
they are still trying to remove supply..
EU is a piece of crap when compared to gu ...however there is a really nice rounded bottom forming on the 2 hour that may play out next euro session
Blogging daily now at www.volume.zone
  • #7,294
  • May 11, 2010 10:08am May 11, 2010 10:08am
Quoting malcolmb14
EU is a piece of crap when compared to gu ...however there is a really nice rounded bottom forming on the 2 hour that may play out next euro session
do we see 3450 ???
StopLoss is for none belivers... Trust the Gurus..
  • #7,295
  • May 11, 2010 10:25am May 11, 2010 10:25am
Quoting lillelise
do we see 3450 ???
be lucky to see 1.2900 ... even with 1 trill bail out eu is doomed ....it seems every rally they want to sell her . I though she would bounce on gap fill but NO they just pound her down
Blogging daily now at www.volume.zone
  • #7,296
  • May 11, 2010 10:42am May 11, 2010 10:42am
Quoting malcolmb14
be lucky to see 1.2900 ... even with 1 trill bail out eu is doomed ....it seems every rally they want to sell her . I though she would bounce on gap fill but NO they just pound her down
lol
StopLoss is for none belivers... Trust the Gurus..
  • #7,297
  • May 11, 2010 10:47am May 11, 2010 10:47am
Quoting lillelise
lol
euro you b**ch you owe me ... now play that rounded bottom out for 300 pip
Blogging daily now at www.volume.zone
  • #7,298
  • May 11, 2010 1:36pm May 11, 2010 1:36pm
Quoting taomql4
i think we about to get a test around .2713 on the 15 min chart--
maybe i can catch that Bus...

EDIT:
they are still trying to remove supply..

Think that last down might have knocked out supply.
  • #7,299
  • May 11, 2010 3:21pm May 11, 2010 3:21pm
My trade from today was good for 50 pips, took the trade when I got the second signal (yellow arrow), combined with the up thrust in the back, I went short, set SL at 30 pips and TP at 50 which was hit over an hour and a half later. Nice trade.

I missed the big up move, but got in on the reversal. Since I trade mostly from the 15m TF, Im happy with small gains that add up to my weekly goal.
Attached Image (click to enlarge)
Click to Enlarge Name: 0511tr.jpg Size: 103 KB
On a journey to consistency.
  • #7,300
  • May 11, 2010 3:52pm May 11, 2010 3:52pm
Quoting Accumulation
Think that last down might have knocked out supply.
No it sure didnt. The Eur doesnt move all day then as soon as US closes it drops 100 pips. Well thats about my last straw with this pair, I'll stick now with the UJ and Gu, I've had enough of this thing.
8 traders viewing now