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Trade Using VSA (Volume Spread Analysis)

  • #7,721
  • Jun 14, 2010 7:50am Jun 14, 2010 7:50am
Quoting astral77
Hi...

This is an ongoing issues , of the volume differences between brokers.

As shamus says futures data is good as futures is a centralized market. I am not sure how he finds that volume / data thru the globex session as it can be very light on fx data. Most futures volume comes in the us session. I trades es (s and p emini futures) alot off a 10 min chart and the vsa setups are very clear.

I have use esignal 200 source gtis feed , which works pretty nice for spot, Interbank fx feed is very close, as their feed is gathered from the major banks.

here is typical es chart.

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Blogging daily now at www.volume.zone
  • #7,722
  • Jun 14, 2010 7:58am Jun 14, 2010 7:58am
I didnt have time to post a chart around FO / LO, so I'm doing it now as I think its a worthwhile one......

Market Profile from this weeks open showed a nice build up during the Asian session, with the POC at 4587 and price holding above the DP and 6400 level.

As often happens, activity started before FO and there was an easy buy on the break of the 4615 level, which pushed price above the MR1 level where it held throughout Frankies Hour for more accumulation before The Brits continued the move up to Fridays high.

Again, another area of consolidation before a high volume wide ranged candle to new highs after the first New York Open

4800 was the March low, so now resistance and into the daily fib Decision Zone, so with todays range already 235 pips it may be time for a retrace....TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #7,723
  • Jun 14, 2010 8:02am Jun 14, 2010 8:02am
Trying for a cleaner chart
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Trading Levels with WRBs
  • #7,724
  • Jun 14, 2010 8:46am Jun 14, 2010 8:46am
something happened last week on G/U that i did not understand at all... anyone have any opinions about the white area in this H1 chart?
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  • #7,725
  • Jun 14, 2010 9:37am Jun 14, 2010 9:37am
Could anybody post an eur/usd M15 chart with volumes? I prefer a chart from esignal feed. Thanks in advance.
  • #7,726
  • Jun 14, 2010 9:45am Jun 14, 2010 9:45am
http://img217.imageshack.us/img217/5586/image75.png
  • #7,727
  • Jun 14, 2010 9:48am Jun 14, 2010 9:48am
Try these for now.....
Attached Image(s) (click to enlarge)
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Trading Levels with WRBs
  • #7,728
  • Jun 14, 2010 10:40am Jun 14, 2010 10:40am
Quoting djarum11
something happened last week on G/U that i did not understand at all... anyone have any opinions about the white area in this H1 chart?

look at bottom of chart and all the buying. I covered this one sunday

whenever you see buying like that and then what look like a no demand on the up move often these do not work .

the best place to use no demands is after an upthrust as a top forms on a low volume reatrce on a down trend . This is where a trend indicator like a hulls moving average works awesome.

also look at the reaction to what you though was a no demand bar , yeas low vol up bar.... but no downward selling pressure.
Blogging daily now at www.volume.zone
  • #7,729
  • Edited 2:15pm Jun 14, 2010 2:09pm | Edited 2:15pm
a UJ shake-out stopped at 91.41 which are MML 8/4 on 30 min and 8/5 on 1h .

Now we should keep watching how HMA works to confirm the back ground.
  • #7,730
  • Jun 14, 2010 2:58pm Jun 14, 2010 2:58pm
Quoting kamise
a UJ shake-out stopped at 91.41 which are MML 8/4 on 30 min and 8/5 on 1h .

Now we should keep watching how HMA works to confirm the back ground.
large UT on 30 min right at prior resistance area dropped uj 50 p[ip along with amrkets heading down

may see test whole number under in asia.
Blogging daily now at www.volume.zone
  • #7,731
  • Jun 14, 2010 5:25pm Jun 14, 2010 5:25pm
Quoting Shamus
Hello Astral77 and welcome. All of the resources are listed within the first post with a few sprinkled throughout the thread. (Click attachment icon and "hide images" to browse all the files posted).

In regards to your question regarding differing volumes, I personally don't get hung up on the volume amounts or differences. I find that regardless of the broker the volumes will be relationally the same and therefore a no demand bar on one broker is typically also a no demand bar on the other.

I hope this helps.
Hi Shamus

Thanks very much for the warm welcome, as I said it is very annoying when some one new to the thread barges in and starts asking things which have been covered several times. As you know there is a big divide between people who think volume in forex is impossible and people like yourself who think that relative volume based on ticks gives an added advantage. I am keeping an open mind up to the time that I have had a chance to study it in detail. Thanks for brocotrader tip but they seem to be dealing in CFD currencies only.

Thanks malcombe14 for the information, I had read elsewhere that esignal volume is very simillar to big brokers such as, fxcm, ibfx and forex.com. I will try to use them for the time being. Many thanks for both of you for informative posts.

Kind Regards
P.s. will try to avoid posting silly points / questions
  • #7,732
  • Jun 14, 2010 5:52pm Jun 14, 2010 5:52pm
Quoting astral77
Hi Shamus

Thanks very much for the warm welcome, as I said it is very annoying when some one new to the thread barges in and starts asking things which have been covered several times. As you know there is a big divide between people who think volume in forex is impossible and people like yourself who think that relative volume based on ticks gives an added advantage. I am keeping an open mind up to the time that I have had a chance to study it in detail. Thanks for brocotrader tip but they seem to...
Download their "Trader" Platform and in "Market Window" window once installed, right click>show all. Then find the Globex Continuous Symbols. for instance JPY is "6J_CONT" EUR is "6E_Cont" etc.

I hope this helps.
The trend always ends.
  • #7,733
  • Edited 7:09pm Jun 14, 2010 6:57pm | Edited 7:09pm
Quoting malcolmb14
why do you need PRV ? flip a coin it will be the same thing .... lol

once again I will say VSA IS NOT ONE CANDLE. and anyways we should always wait for current candle to end before we enter any sort of trade.

It seems a PRV is so that one can guess what is going to happen before the candle to end to enter the trade early. almost a nice easy way to lose money .
Actually I wanted it so I can decide whether to wait and watch a setup come to fruition - I'm in +10 GMT timezone so a lot of the action happens early morning for me in the London / USA session overlap - if I catch the first hour of New York then I can usually tell if it's worth staying up to confirm the rest of the set-up - so it's more for *excluding* VSA confirmations (particularly the lower than average volume bars) rather than trying to catch a trade early

apologies for starting a ruckus

Malcolm you have made your case (often and well) that VSA is about the stuff on the left hand side of the chart!
  • #7,734
  • Jun 14, 2010 7:07pm Jun 14, 2010 7:07pm
Quoting Shamus
Download their "Trader" Platform and in "Market Window" window once installed, right click>show all. Then find the Globex Continuous Symbols. for instance JPY is "6J_CONT" EUR is "6E_Cont" etc.

I hope this helps.
Thanks very much for your guidance, done the trick got them.

Kind regards
  • #7,735
  • Edited 8:02pm Jun 14, 2010 7:21pm | Edited 8:02pm
Quoting malcolmb14
well once one gets to know vsa .... it is kind of like having one

Attachment
Malcolm thanks as usual for the excellent chart and commentary. What's particularly helpful about this one is that you've marked out how long the setup took from weakness to the down move.

Which brings me to my question - based on your experience, how long is a typical setup for a currency pair like GU, EU or GJ from weakness to the mark down, and from strength to the markup?
  • #7,736
  • Jun 14, 2010 7:31pm Jun 14, 2010 7:31pm
It's unofficially official, and my "stache" says it's a go.

http://ibexinc.files.wordpress.com/2...ch-posters.jpg
The trend always ends.
  • #7,737
  • Jun 14, 2010 7:46pm Jun 14, 2010 7:46pm
successful launch!
did your "stache" get burned during the lift off, hehe
  • #7,738
  • Jun 14, 2010 7:54pm Jun 14, 2010 7:54pm
Quoting supremeChaos
successful launch!
did your "stache" get burned during the lift off, hehe
http://farm3.static.flickr.com/2323/...13c89fc829.jpg
The trend always ends.
  • #7,739
  • Edited 8:48pm Jun 14, 2010 7:59pm | Edited 8:48pm
Here you go. It works but not be optimized.

Quoting f451
Actually I wanted it so I can decide whether to wait and watch a setup come to fruition - I'm in +10 GMT timezone so a lot of the action happens early morning for me in the London / USA session overlap - if I catch the first hour of New York then I can usually tell if it's worth staying up to confirm the rest of the set-up - so it's more for *excluding* VSA confirmations (particularly the lower than average volume bars) rather than trying to catch a trade early

apologies for starting a ruckus

Malcolm you have made your case (often and well)...
Attached Image (click to enlarge)
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  • #7,740
  • Jun 14, 2010 8:03pm Jun 14, 2010 8:03pm
Quoting polomine
Here you go. It works but not be optimized.
Nice job.
The trend always ends.
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