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Trade Using VSA (Volume Spread Analysis)

  • #7,661
  • Jun 9, 2010 9:47pm Jun 9, 2010 9:47pm
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Blogging daily now at www.volume.zone
  • #7,662
  • Jun 9, 2010 10:12pm Jun 9, 2010 10:12pm
Quoting f451
Probably the best way to answer that is to pick a pair you trade and go back and look to see how many big moves you typically see a week....

nice post f451...
thank you..
...
  • #7,663
  • Jun 10, 2010 12:31am Jun 10, 2010 12:31am
Quoting forexsh
Shamus,
Thanks I understand, does SMART/VSA work equally well on Forex charts ?
Thanks,
Yes. It's a VSA trading system.
The trend always ends.
  • #7,664
  • Jun 10, 2010 12:44am Jun 10, 2010 12:44am
Quoting f451
Nice. And I like the uncluttered way you've all the relevant price levels sessions, previous open close etc on your MT4 chart. Care to post a template?

thanks - its the way I use VSA combined with S & R via pivots and sweet spots plus trading sessions.....here are the three main indys....

In the Trading vLines I set my days open to the Frankfurt Open, then UK Open is an hour later. I put the US open at 8 am EST and the UK close at 5pm UK time.

The Pivots are set for the US close at 5pm, so you need to adjust the DestTimeZone for your broker.

The All Averages is very versatile and allows about 15 types of MA etc - here its a 30 ema, so MA_Method is 1 and colours to your choice.

Good luck
Attached File(s)
File Type: ex4 SDX-SweetSpots_v5.2.ex4   8 KB | 682 downloads
File Type: ex4 SDX-TzPivots.ex4   20 KB | 589 downloads
File Type: ex4 Trading Session vLines.ex4   8 KB | 782 downloads
File Type: ex4 AllAverages_v2.1 cc.ex4   21 KB | 698 downloads
Trading Levels with WRBs
  • #7,665
  • Jun 10, 2010 1:51am Jun 10, 2010 1:51am
Quoting Islander
thanks - its the way I use VSA combined with S & R via pivots and sweet spots plus trading sessions.....here are the three main indys....

In the Trading vLines I set my days open to the Frankfurt Open, then UK Open is an hour later....
ta!

f451
  • #7,666
  • Jun 10, 2010 2:03am Jun 10, 2010 2:03am
Quoting Shamus
Heya Lubo (Long time no see) I trade Forex. I use globex charts using VSA to trade multiple pairs one way or another.

I hope all is well.
Yeap.... Now I'm trading real Futures (very much better)...But I have always an eye on your thread....
U find MT4 futures volume better than spot one? Remember that anyway is not the real volume.....

Lubo.
If I know how, I tell You!! Few but Good!!
  • #7,667
  • Jun 10, 2010 8:39am Jun 10, 2010 8:39am
Thank you very much, f451.

I am still wondering why there are differences between the top and the bottom in forex market. Since we are trading the currency pair, selling one equals buying the other.

regards,
polomine

Quoting f451
Hope that helps.

f451
  • #7,668
  • Jun 10, 2010 9:01am Jun 10, 2010 9:01am
weekly es ... as gavin says even though there is bad news out there .... pretty bullish.

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Quoting malcolmb14
Gavin sent an email today talking about a massive shake out in the markets. and es back above 1100 and beyond

what I do not get it then why is the effort to rise on low volume , in fact one being a no demand bar.

then today we see an upthrust of sorts on huge volume right above support.

I think if anything we get a shake out to 950 , before any kind of move up...
Blogging daily now at www.volume.zone
  • #7,669
  • Jun 10, 2010 9:39am Jun 10, 2010 9:39am
Quoting Islander
Activity starts to pick up about an hour before the Frankfurt Open.....today was no exception......
Hi Islander, so is the down bar the trigger bar for you?

And do you enter on this bar?

Thanks
  • #7,670
  • Jun 10, 2010 10:59am Jun 10, 2010 10:59am
Quoting bandung
nice post f451...
thank you..
Hi bandung,

since I see you being around here again, may I remind you of my previous post directed toward you (http://www.forexfactory.com/showpost...postcount=7598).


Regards

Wolfgang
  • #7,671
  • Jun 10, 2010 11:03am Jun 10, 2010 11:03am
Nihao polomine,

may I ask you to take a look at my question posed to you before, which you might have overlooked (http://www.forexfactory.com/showpost...postcount=7599). Thank you.


Regards

Wolfgang
  • #7,672
  • Edited 3:31pm Jun 10, 2010 3:31pm | Edited 3:31pm
i was wondering if someone could mark up this chart on the ej upmove. think i'm thrown off by the bar with the arrow since the next bar was closing off highs with low vol.
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  • #7,673
  • Edited 4:44pm Jun 10, 2010 4:25pm | Edited 4:44pm
Quoting RaverStyleTim2
i was wondering if someone could mark up this chart on the ej upmove. think i'm thrown off by the bar with the arrow since the next bar was closing off highs with low vol.
A quick screen. A little late but... :

http://www.pipbuilders.com/ejm30.png

SMART had it right in the bg scans but also "painted" the bar you mentioned and that would have confused me too. I look at BG first then look for setups so I'm not sure I would have been looking for shorts.

Take a look at some of Todd's articles from the resources section again about tf's

I personally prefer m5 for entries but use h1 to look for setups (Although I trade longer term). I never faired well on m15.

I hope this helps and hello to you Tim. It's been a long time.
The trend always ends.
  • #7,674
  • Jun 10, 2010 4:32pm Jun 10, 2010 4:32pm
yeah it has. my work blocked the chatroom in your sig and my home computer has been down for like a month. can barely even trade at work still trying to learn though! thanks for input on the TFs
  • #7,675
  • Jun 10, 2010 4:48pm Jun 10, 2010 4:48pm
Quoting RaverStyleTim2
yeah it has. my work blocked the chatroom in your sig and my home computer has been down for like a month. can barely even trade at work still trying to learn though! thanks for input on the TFs
The chat room is vacant atm anyway, it was becoming a signal alert service so a number of us have moved to private chats.
The trend always ends.
  • #7,676
  • Jun 10, 2010 6:47pm Jun 10, 2010 6:47pm
Quoting Shamus
I use futures and SMART/VSA to trade multiple pairs based on the futures. For instance if the YEN looks strong VSA wise on globex I will go short usd/jpy eur/jpy gbp/jpy etc.
HI Shamus

Do futures offer more accurate Volume rather than tick volume in spot forex. Which company do you use for the Globex charts?

Kind Regards
  • #7,677
  • Jun 10, 2010 7:03pm Jun 10, 2010 7:03pm
Quoting f451
don't assume just because the last move was up, the next move is down. Make sure you're checking for ultra high volume, wide spread bars to show if there is strength or weakness in the background. Sometimes you get a couple of mark downs before accumulation, or a couple of mark ups before distribution (they look like steps). badly failed tests are a sign of weakness, and if you see them you need to re-evaluate thoughts of going long, and a test in an up move can be a sign of continued strength.

It's always best to be looking for a solid VSA sequence...
GU yesterday was good example of this - saw weakness in the background after a big move up to 4600, with hidden potential selling with an ultra high volume narrow spread bar straight after, so I was looking for a confirmation bar or two to enter short. Except it never came. Instead of a no demand (low volume narrow spread up bar) we got - wide spread, high volume up bars! not quite as much weakness as it appeared....
  • #7,678
  • Jun 10, 2010 11:20pm Jun 10, 2010 11:20pm
Quoting astral77
HI Shamus

Do futures offer more accurate Volume rather than tick volume in spot forex. Which company do you use for the Globex charts?

Kind Regards
Personally I find the volume to be relative. In other words a no demand on one is usually a no demand on the other. This is not always the case of course but I find it's more often than not but it's also been a long time since I've compared.

I use a BrocoTrader demo account for the globex charts.
The trend always ends.
  • #7,679
  • Jun 11, 2010 12:40am Jun 11, 2010 12:40am
Quoting Sakk
Hi Islander, so is the down bar the trigger bar for you?

And do you enter on this bar?

Thanks
No - the low was a high volume doji and that alerted me to a potential reversal. I then need to see a higher low which came 3 candles later - that was my buy signal for a small trade - small because price was under the still falling 30 ema AND the POC.........after FO, the pull back to the then rising 30 ema allowed a full sized entry....
Trading Levels with WRBs
  • #7,680
  • Jun 11, 2010 3:32am Jun 11, 2010 3:32am
Hi Shamus

Trying desperately not to be impatient but it's hard with such lovely looking (clean) charts. Are the emails working now? I've still not had one after a few days. I am signed up (I tried again and it slapped my wrist for already being a subscriber ).

Cheers for this thread and your insightful writings.

Regards
David
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