VSA Trading Journal

I'm starting this thread to keep a Journal of the trades I take using the Volume Spread Analysis. I will not post the trades as I take them because I dont want them to get mixed up or look like these are signals. I will post charts now and them with examples of the trades. My trades are based almost completely on VSA. Hope you all enjoy the journal and hopefully learn something from it.

Short EUR/USD for +30 pips
Long USD/CHF for +30 pips
Accumulated : 60 pips

For USD/CHF the analysis was easy, had a couple of wide range downbars, opened the position after the succesful test followed by another lower vol downbar.

For EUR/USD there had been some weakness in the background which was confirmed by a low volume upbar and the up thrust that followed it was beautiful, so went short.

For both trades, the TP and SL was 30 pips and both played out in around 40 min.

Here are the charts. Both trades were announced live in twitter in this case, but I dont usually do that.

Here's what the charts look like a couple of hours later. As you can see, the trade could have been held for larger profit in both cases. Where TP is set is up to each trader. I usually set mine at 30 for now, although sometimes I go up to 40 or 50.Very few times do I let them run, but you'll see if you decide to follow the journal.

Feel free to add any comments to the thread.

Shorted Eur/Usd for +30 pips
Accumulated +90 pips

Took a quick in and out trade which took around 30 min to develop. Drawdown was 15 pips and SL had been placed at 30 pips. Have a look at the chart. This shows the bar in which I entered. The TP was hit in the next bar.

Once again, the direction of the move was correctly identified. The price continued to move an additional 100 pips in the direction of the trade. Here is the chart.

ForexVSA...Thanks for this thread. I am interested in learning VSA trading and will continue to follow your journal.

Thanks for the positive comment. I hope you enjoy the thread. Here is a video I shot of the analysis for a trade I did not take. You can find out why I did not take the trade in the video.

Hi ForexVSA..........interesting system........I would be definately interested.....when R u planning to put it on sale?

Secondly, just wondering won't the signals from ur system be broker dependent as every broker would have a different volume data?

Thanks for the interest, hopefully the system will be ready within the next 2 weeks. Im just working on some security issues, trying to make it harder for the code to be extracted as I had some previous bad experiences when selling this same system. You can send me a PM with your email or sign up in the website and I will notify you as soon as it becomes available. Im thinking of having a special offer for the first buyers.

As far as the second question, you are absolutely right. This system is based on volume data. I have found that one of the best volume data comes from Interbank FX. Their volume charts are quite similar to those of E-Signal. What I used to do before when I had my account with a different broker, is that I had a demo account with IBFX and did my analysis there and took the trades with the other broker. That is one option if you feel your broker's volume data is not that good.

If you have any other question please feel free to ask.

Short EUR/USD +35 pips
Accumulated: +125 pips

This trade was taken much later than usual as during the London session, I saw one potential setup but did not trade it. The setup is 3 bars after the Potential Buyers bar was identified, you could see a sharp fall closing near the middle and then an up bar closing on the high. Had that close been above the previous bar's high and I would have taken a long position as that would have been a shake out. However, I did not take that trade. Price went up and returned to the high volume support area. On the last bounce up you could see a notable decrease in volume as price headed up with an up-thrust at the top. Then there was a no supply bar followed by a low volume up bar (in the yellow ellipse). I took the trade on the open of the next bar. Price moved against me and then fell, ranged for a while close to the support area and finally fell through it. This screenshot was taken right before I closed the trade. I closed it out for 35 pips as the low volume assian session was starting.

I've received a couple of complaints on the website not working. I don't know why you are unable to view the site. If you are having problems viewing it and would like me to send you more information, or want to sign up for the waiting list, please contact me at:

[email protected]

ForexVSA,

Do you need to have a basic knowledge of VSA before one purchases your system or is it meant for anyone?

Jim

It would be better if you had some knowledge of VSA as the system is a tool to help you interpret the graphs. The system does include certain signals that can help you determine where price could be heading from a VSA point of view. But of what you are asking is a part of what the early bird buyers will receive as an extra. Hopefully it will be ready pretty soon.

Short GBP/USD: -30 pips
Long GBP/USD: +50 pips
Accumulated : +145 pips

Took a short off what I considered to be weakness, but turned out not to be weakness. The SL was hit eventually and Im glad I got out as price continued to climb. Losing is a part of trading. I guess I did not pay attention to the descending volume during the down move. Saw an upthrust with a no demand bar following a couple of bars later and shorted. (I had not finished coding the diamonds indicator you see in the second screenshot).

Later, I went long on the test of the high volume area, which coincides with a previous high volume resistance as identified by the system. Volume was decreasing while testing for supply, so went long on the bar marked with a check. I held this one for 50 pips and demand seemed strong. It closed some 2 hours later.

I haven't had much time to write here as I have been pretty busy working on new indicators which may or may not be included as part of the system. Maybe I will sell it at different price levels, depending on how many indicators are included.

Long GBP/USD +30 pips
Accumulated: +175

Gosh, this setup looks almost identical to yesterday's setup. High volume upbar followed by a test on desceding volume. Went long after the bar inside the yellow ellipse closed. Took 45 min to close. Here's the chart.

This is a video of a trade I took. Let me explain some things first. I moved the SL to BE + 3 when the trade was some 40 pips into profit, but moved it back to the original place when shooting the video, so you could see the original trade. I did not close the trade when it was into a larger profit b/c I was not at my PC (that is also why I moved the SL).

I hope you like the video, and any questions, please feel free to contact me.

Sorry about the sign there stating Indicator under development, Im just not sure what it will look like and dont want to be giving any false impressions.

Short USD/CHF: +30 pips
Accumulated: +285 (added the 80 pips from the trade in the video)

In this case there was weakness in the background, with those 2 Up thrusts. Diamonds turned red and a relative low volume narrow upbar showed up. That was what triggered the trade which closed for 30 pips profit.

Long GBP/USD: +40 pips
Accumulated: +325

Took a long position on the close of the bar in the yellow ellipse. Max DD was like 4 pips and then straight up. The trade lasted less than 30 minutes. I was actually writing an email when it hit TP.

Now I can go watch the Argentina world cup soccer match.

Long GBP/USD: +30 pips
Accumulated: +335 pips

For this trade I went down to the 5 min chart to look for a signal. There was strength showing in the background eventhough there was an ultra high volume upbar on ultra wide range. There was an up thrust after that, but the signs of strength were still in the background, I waited for the supply to dry up which was shown in the bar in the yellow ellipse. I went long on the open of the following bar with usual SL and TP and it closed out some 40 minutes later.

If you are wondering what the sign of strength in the background was, don't worry, when I put the system up for sale, I will offer, for an additional price a video course/mentoring program to help customers learn how to use this system and to set the grounds as far as VSA goes. It will teach VSA and how to use the system in conjuction with VSA.

I know I've been saying it will be ready soon, just bear with me for a while. I'm still working on the final details and hopefully it will be ready soon. Please contact me if you wish to go on the waiting list. As for the course/mentoring program I will take a limited amount of people per month as the day only has so many hours.

I will post a chart later on a trade taken yesterday.

Short EUR/USD: +30 pips
Accumulated : +365

Let me start by saying this is a somewhat risky trade. I normally don’t take trades like this one and do not recommend trading this way. Basically, the setup was a wide range up bar on high volume in the background after a short up move took place during late Asia and early Frankfurt. This generally means that some testing has to take place in order to resume a further up move. So this trade took advantage of that correction that needs to take place. Since this was a riskier trade, I moved the SL to BE+3 when the trade was 25 pips into profit. I always recommend moving the SL to BE as the trade progresses.

For the upmove to continue, I’d look for a wide range bar through the high volume resistance area forming right now, and that will most likely not happen during late US or even Asian sessions.

For all of those who are waiting for the system to become available, please bear with me. Resolving these security issues is turning out to be quite a hassle. I am working diligently on finishing that up so I can finally release it to the public. I would want you guys following this thread and the website to get tired of waiting and leave. My programming skills are limited to MT4 and have had to get help from friends for the programming of the security aspect of the system.

This time I was able to take screenshots of the entry and very close to the exit as this trade was taken during the early morning (I’m at CST). Here are the screenshots.

Long Eur/Usd : +50 pips
Accumulated: +415

This was a fairly easy, low risk trade. I entered on the no supply bar in the yellow ellipse. I used another indicator which I took off the chart which gave me the idea that the market was going to head up. So I set an alert to all the indicators of strength and with that no supply bar, green diamonds and a sense of a strong up move to come, I set my TP at 50 pips, which has hit an hour and 15 minutes later. I was also waiting for a similar setup in GU, but the alert never came off, so I did not trade it, although the movement was very similar.