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  • #7,581
  • Jun 4, 2010 2:24pm Jun 4, 2010 2:24pm
A low volume test bar will always be a down bar. The bar before the bar you have marked would have been considered a test bar, but with the next bar up on lower volume it would be a failed test. After this there is more down bars making lower lows with increasing volume which shows further weakness. Then comes another high volume up bar closing off the highs which again shows weakness to me. At that point I would have stayed in the short. This just what I am seeing and I am by far no expert. Maybe Malcolmb or one of the more advanced guys could clarify further.
  • #7,582
  • Jun 4, 2010 2:36pm Jun 4, 2010 2:36pm
dutchy;

look at post 7566 above.
  • #7,583
  • Jun 4, 2010 2:42pm Jun 4, 2010 2:42pm
Quoting Intel
If I may Chief...

Hi SamK,

The various colours and descriptions of the volume bars are fairly meaningless when viewed in isolation....
correct. i am trying to learn how to interpret these volume bars. unfortunately; i don't think i have the attention span to read 505 pages and 7500 posts. i suspect even if there were 1000 pages; the rules are rules right?

i was hoping for a succinct summary explaining how to interpret those bars. is this possible? is there a link?

thank you,
  • #7,584
  • Jun 4, 2010 2:46pm Jun 4, 2010 2:46pm
Quoting samk090905
correct. i am trying to learn how to interpret these volume bars. unfortunately; i don't think i have the attention span to read 505 pages and 7500 posts. i suspect even if there were 1000 pages; the rules are rules right?

i was hoping for a succinct summary explaining how to interpret those bars. is this possible? is there a link?

thank you,
if you don't have the attention span to read 500 pages..ur in the wrong business

learn to like to read
  • #7,585
  • Jun 4, 2010 2:59pm Jun 4, 2010 2:59pm
Quoting samk090905
correct. i am trying to learn how to interpret these volume bars. unfortunately; i don't think i have the attention span to read 505 pages and 7500 posts. i suspect even if there were 1000 pages; the rules are rules right?

i was hoping for a succinct summary explaining how to interpret those bars. is this possible? is there a link?

thank you,
Unfortunately there is no short cut I know of. Consider this....

Forex charts are akin to a book. VSA is the language in which the book is written. If you want to read the book and understand what is written, you nead to learn the language.

There are no short cuts to learning a new language. You HAVE to put the work in.

Again I will point you in the direction of the first page, it contains everything you'll need to learn VSA.

Good luck
  • #7,586
  • Jun 4, 2010 3:00pm Jun 4, 2010 3:00pm
Quoting polomine
IMHO, ND should appear at the top of an up trend. Since the trend is down, we should not expect a ND. The low vol bar close high, it seems to test supply.

Any feedback would be appreciated.
That is mostly to call tops and bottoms, IMHO...
In the regular everyday trading and specially with smaller TFs, if weakness has manifest itself behind, and if we seem to be in a downtrend, I do look for ND in the natural retraces the price might do, in order to enter short in the downtrend.
  • #7,587
  • Jun 4, 2010 3:01pm Jun 4, 2010 3:01pm
Quoting samk090905
dutchy;

look at post 7566 above.
Thanks, but not convinced , V5 posted is 19kb, one metioned in 7566 is about 17 kb, so probably not the same. Cant check since I cant use ex4 files.

Maybe you have anoter clue?

Thanks Dutchy
  • #7,588
  • Jun 4, 2010 3:04pm Jun 4, 2010 3:04pm
Quoting uraceulose
if you don't have the attention span to read 500 pages..ur in the wrong business

learn to like to read
perhaps if you actually read what i wrote, mr. attention span of steel, you would have understood that i was simply stating that the actual "rules" cannot be 500 pages or 7500 posts long. if you would have actually "read" my thread; you would have actually understood what it was that i was trying to convey. before you start getting trigger happy; understand what is being written!

i was merely looking for the rules.
  • #7,589
  • Jun 4, 2010 3:05pm Jun 4, 2010 3:05pm
Quoting samk090905
correct. i am trying to learn how to interpret these volume bars. unfortunately; i don't think i have the attention span to read 505 pages and 7500 posts. i suspect even if there were 1000 pages; the rules are rules right?

i was hoping for a succinct summary explaining how to interpret those bars. is this possible? is there a link?

thank you,
I think someone mentioned already to go look in the 1st post, where there's a lot of information, and links to what matters... like the book "Master the markets", and a pdf about Better Volume indi (not the one you were asking about, but still interesting to know).
  • #7,590
  • Jun 4, 2010 3:09pm Jun 4, 2010 3:09pm
thank you for that conventional reply.
clearly; you read and understood what i was saying. uraculose; clearly did not.
  • #7,591
  • Jun 4, 2010 3:10pm Jun 4, 2010 3:10pm
Quoting tonirai
I think someone mentioned already to go look in the 1st post, where there's a lot of information, and links to what matters... like the book "Master the markets", and a pdf about Better Volume indi (not the one you were asking about, but still interesting to know).

thank you for the reply and understanding what it was i was trying to say. other members here have a hard time understanding the nuances of the language.
  • #7,592
  • Jun 4, 2010 3:15pm Jun 4, 2010 3:15pm
Didnt' trade NFP today, but saw all the posts so thought I would take a look.

Here is the way I see it .... Hindsight is wonderful !!

I consider volume to be an indication of 'interest' or lack of 'interest'. Increasing volume tells me there is increased interest in the move. Decreasing volume tells me there is less interest in the move.

Sometimes a bar may actually indicate something such as No Demand, but not fit the definition. It is a matter of the impact or effect of the bar. But it must be placed within the context of the preceding and following bars. A judgment call if you will and sometimes difficult to make in the midst of trading.

Have a great weekend everyone.

Chief

p.s. Tonirai.. good to see you posting again, always enjoy your input so much...hope things are well with you.
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  • #7,593
  • Jun 4, 2010 3:17pm Jun 4, 2010 3:17pm
Quoting samk090905
perhaps if you actually read what i wrote, mr. attention span of steel, you would have understood that i was simply stating that the actual "rules" cannot be 500 pages or 7500 posts long. if you would have actually "read" my thread; you would have actually understood what it was that i was trying to convey. before you start getting trigger happy; understand what is being written!

i was merely looking for the rules.
1) I did

2)what thread? you mean post?


Bro, go read the freaking thread..I'm just trying to help you. You won't learn asking us to show you how to cheat..
If you actually would start reading from the beginning, you would quickly see that you don't have to read anywhere near 500 pages and most of the info is on the first freaking post. You will start to "skim" through the bs and find the right usernames posts to watch for..that's the trick.

good luck
  • #7,594
  • Jun 4, 2010 3:17pm Jun 4, 2010 3:17pm
Quoting samk090905
perhaps if you actually read what i wrote, mr. attention span of steel, you would have understood that i was simply stating that the actual "rules" cannot be 500 pages or 7500 posts long. if you would have actually "read" my thread; you would have actually understood what it was that i was trying to convey. before you start getting trigger happy; understand what is being written!

i was merely looking for the rules.
No need to get annoyed...

Just remember those volume indis (better volume or others) aren't made to give direct indications about trading decisions... those decisions are giving by VSA rules and concepts only.

So, the only thing you'll discover, is that a bar of x color means a volume higher than the y last bars, or a high or low relation between the range and the volume, etc... it's just a visual aid.
What you do with this information can only be decided by understanding VSA... which takes time and effort.
But the mentioned book helps in that... a lot.
  • #7,595
  • Jun 5, 2010 4:00am Jun 5, 2010 4:00am
Here is my trade on Jun 5 earlier

I totally agree with the post #7594

I found RAMBO by emini-watch.com and NoD on the same bar so entered short just before the mark-down phase

Regards,

URL of a pic

http://imepita.jp/20100605/635950
  • #7,596
  • Jun 5, 2010 6:05am Jun 5, 2010 6:05am
Quoting bandung
Hi Samus, I saw you using Hidden Gap Volume Indicator on one of your post, so I googled for it and download it.

I read its description on the mq4 code, and I think I liked how it work.
What do you think about this vol indicator?

I do a little a modification to a style of average line and its deviation to be big fat histograph, and you know what... its look like skyscraper picture with mountain background
and its look like on those tradeguider too

Hi bandung,

apropos visual aid, assuming that the chart you show in the above-quoted post is produced via the Metatrader platform, may I ask you how to re-size the wicks/shadows of the candles on the chart. Sorry for this thread-cluttering rookie question ...


Regards,

Wolfgang
  • #7,597
  • Jun 5, 2010 6:28am Jun 5, 2010 6:28am
Quoting polomine
In fact, I have combined two indicators, the most famous BetterVolume 1.3 and Volume Analyzer plus some thoughts from lascavel, hope it makes sense.

//+------------------------------------------------------------------+
//| iPolo - Volume Analyzer.mq4 |
//| Written by: Polomine |
//| version 0.9 2010.04.22 22:05 GMT+8 |
//+------------------------------------------------------------------+
//| Release Notes: |
//+------------------------------------------------------------------+
//| v0.9 2010.04.22 22:05 GMT+8 |
//| - I'd like to thank Obaidah...

Hi polomine,

I really like the concept behind this indicator, albeit I do not fully grasp its construction intricacies. Could you please tell me what, let me call it variable, "vfactor" stands for and how it is calculated? That would be great.

On another note, did you ever think about to code a volume indicator, which compares each bar with the average of the last x bars that occurred at the exact same time and therefore within the exact same session in the past? I do not know if this method would yield any edge to trading, but it sure would make for an interesting route in studying volume & price action.


Regards,

Wolfgang
  • #7,598
  • Jun 5, 2010 6:46am Jun 5, 2010 6:46am
Quoting chief1oar
Didnt' trade NFP today, but saw all the posts so thought I would take a look.

Here is the way I see it .... Hindsight is wonderful !!

I consider volume to be an indication of 'interest' or lack of 'interest'. Increasing volume tells me ...

Hi chief,

your idea of using high volume zones as support and resistance zones (if that is how you use them) is fascinating. I would really like to know how you determine these zones apparently derived from lower timeframes. Please allow me to ask a few questions.

Do you look exclusively for climactic volume on a lower timeframe, but if so, which one do you choose? Besides volume, do you use other indications, like the size of the body or the whole range of the bar, in constructing those zones? Or is there an entirely different kind of logic behind the creation of those zones? And when do you regard those zones as less significant or even "closed"?

By the way, thank you for the great indicators you provided in the past.


Regards,

Wolfgang
  • #7,599
  • Jun 5, 2010 11:42am Jun 5, 2010 11:42am
here is another pic of above trade

http://imepita.jp/20100606/061350

Regards,
  • #7,600
  • Jun 5, 2010 5:02pm Jun 5, 2010 5:02pm
euro/cad on daily.

down-bars on decreasing voulme. bullish signs. increasing volume on the (last) up-bar pushing the price up.

opinions appreciated!
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