Trade Using VSA (Volume Spread Analysis)

Quick question

What would be the best feed to use for volume analysis.

I have tried maybe a dozen or so brokers and there is a large difference in volumes represented especially at lower timeframes.

It seems IBFX from a Live account is almost like eSignal.

ODL, Alpari, IBFX Demo seem to have very poor volumes.

Dukascopy Jforex and Dukascopy MT4 also seems to have very poor volume feeds.

What is everybody using?

Me and my friends are facing the similar dilemma. I found IBFX demo volume to be quite a bit off from their live account. Volume on their live feed seems pretty accurate. I also found dukascopy jforex volume to be pretty accurate too but you are saying it is not. Any particular reason?

hey Tim,
i already did 2 days ago.
we'll just have to wait for Twee& Admin's decision.

everybody is using different brokers (everybody is not using VSA)
if u want a good feed, go for esignal &/or ask malcolmb14. this is the best thing to do.

Is this a proper VSA short sell setup?
http://www.forexfactory.com/attachme...1&d=1276860269

Your UT is not a true UT just so you are clear (Take a look at the condensed MTM in the resources section).

Weakness actually appeared 3 bars prior to your #1 and supply came in 2 bars prior.

It looked a bit too wicky for me though.


I personally find the following setup from an earlier chart to be excellent for short entries:

http://content.screencast.com/users/...06-17_0858.png

Essentially it's an Effort To Rise (The Green Bar) Into a True Upthrust (The Red Bar)

If it's not a true ut it depends more heavily on BG scans. I find if it's a true UT then it's pretty much go time every time it appears.

True UT's in general (appearing with weakness in BG scans) are pretty easy and solid short entries.

I hope this helps.

Many Thanks Shamus: Your observations are spot on.

Best Wishes for Big Profits

This could be very bullish for the single currency if the Polish voters elect Komorowski as PM.

http://www.bloomberg.com/apps/news?p...d=aTZPtkJtDlh0

Thank you sir.

In this Cable action, I think the narrow ranging during Asia's session constituted accumulation. That culminated in a shake out move down where narrow spread higher volume churning bars betrayed the presence of strength entering the market. Confirmation came via bullish engulfing candle followed by no supply testing. When the happy traders perceived confirmation of strength, buyers stepped on the gas. The high churning-lower spread candle prior to No Supply represents a battle between the bulls and bears. Here the bulls won for a time. What do you readers think? What would be a proper VSA interpretation of this chart? Many Thanks and Best Wishes for Big Profits.

http://www.forexfactory.com/attachme...1&d=1276952138

In this Cable action and IMHO, there developed a very high probability of success entry for conservative traders.

Hey, regarding VSA, what do you guys think about this last day on Dow Jones Industrials(which can be seen in any european/american stock index too)? After some days of rally a narrow spread up-bar going only 0.16% up appears with very high volume.

I think the background is strong because I see at least 2 days of stopping volume and on the weekly a shakeout and 2 weeks of stopping volume, but this last bar after a rally means distribution and the end of the rally doesn't it?

The images are 2 daily and the last one is weekly. What do you think?

Is there a use for Market Facilitation Index in VSA theory?

as if sometimes, repeated stopping volumes can be sign of very very dramatic decreases... why not ? maybe they unload their positions maybe at lows but very highs according to later levels.. just thinking..

and, the fact is that, price is around 1,4850 s now

i am dreaming i think

Hi guys.
Yen from Friday to now (gap up on an RUT (Blue bar) from Friday's close and a nice UT painted by SMART red bar) VSA rules and no lagging indicators needed because price moves lines not vice versa LOL.

http://content.screencast.com/users/...06-21_0818.png

I hope you all had a great weekend and a happy father's day to those men among us with children.

... And another 265ish pips on the way back after some strength coming in off the RUT in the above screen. Called in real time in the live chat... Come join us.

Or don't

For those that don't believe volume works in Forex. lol

http://smart.pipbuilders.com/2010-06-21_1304.png

The screenshot is over 45 minutes.

See you guys later tonight for Asia. Have a great day

this is great sir,

i admired it, i hope your trades will as these...

cheers..

Havent posted here for long time as till this was mainly asking questions to big boys - dr. Gep, Hidden gap and some others - so thanks to them and now they can read also my first teaching post for others now, hehe

Hello Sir.,

i just read Your post and Shamus answer.

I read Shamus answer and i cant aggree with him 100 %. But, that doesnt mean he is not right.

I will tell my way how i see this UT.

1. Bar NR1- Your UT is making lower high. ALLWAYS remember that, when You are looking for short in *uptrend*.
This is very important for this type of market - trending market. This is not ranging market, so that why i am saying - in trending market You should wait for UT to make LL better.
You can easily spot that this is trending..If not, let me know, i will show what is ranging
P.S.
I could write more about that why not to wait LL for wave etc.. that for next time.

2.For me this COULD be UT, if the body would be smaller.. I suggest to You look for UT bars for smaller bodies.

3. However, lets assume that You think this is good UT.. Alright.. But You are not 100 % sure. So, that why You want to minimize risk. You wait for confirmation.

4. Next bar - Bar nr.2 is ND - You COULD take short after ND bar close or when price goes lower ND bar low.
In this case Your sl should be atleast 2 pips above UT high.

5. Alright, You want one more confirmation - You got it.
Your bar Nr.3 Volume is very the same as Nd bar volume, however, volume histogram says its smaller then previus 2, but, hey... look at it - its mainly the same as ND bar vol. So, that should tell You that black bar ( Bar nr.3 ) confirms also ND and UT.
Alright, entry here could be after bar nr.3 closes. Sl should be atleast above Your ND bar 2 pips or 2 pips above UT atleast.

I am saying where to put SL because that is BIG thing what i was getting all time trouble. Because also not much people is telling where to put SL.
That doesnt mean they dont knwo, but for new ones this is VERY important to know. I will not tell also now where to exit etc..e tc... There is a lot to say, You know.

But i cant say i would trade this 100 % sure, because i need to be at screen in that time and ONLY then i can say would i take it or not. But i surely tell You how i look on UT, because i trade 90% only UT.

Those who knows me here, will see that this is first my post, where i am describing what is good or not... because till this i was always just asking a lot of questions, as i am here already mainly from start of this thread. But few last month i was away from here, just lurking time to time here, probably, because i have found what i feel fits me in trading.

And dont forget - i can be tottalllly wrong and everyone need to find what fits to him, etcc.. etcc.. etc... So just take what You find good.. or if You dont find anything good - that ok also


Have a good trading

Best wishes,
Tom

rbumbalough,

Yes, that is a valid short setup....BUT.....not for the reasons you have mentioned.
Check the pic...

Chief

For those using SMART a small update to fix an issue with the BG scanner went live a few minutes ago. Your charts should now show there is an update but just in case I wanted to let you know here as well. If you have questions you can contact us via the support link on the site.

Good luck trading.