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Trade Using VSA (Volume Spread Analysis)

  • #7,921
  • Jun 24, 2010 10:34am Jun 24, 2010 10:34am
Quoting dvarrin
Does a wide spread bar on low volume correspond to something in VSA?
A low volume bar on any tf is almost always indicative of no or low demand.

Do you have a specific chart in mind? I can take a look.
The trend always ends.
  • #7,922
  • Jun 24, 2010 11:54am Jun 24, 2010 11:54am
Quoting Shamus
Here's a uc chart from yesterday... I am done for the week and need to work on some SMART stuff for an update. You can come in the chat as well if you have more questions.

This is an h1 usdchf chart:

http://posterous.com/getfile/files.p...chfrowboat.png

Comments are here (I don't want to retype them all): http://pipbuilders.posterous.com/a-s...ified-by-smart
Spinning Rowboat.... I love it!

Chief
  • #7,923
  • Jun 24, 2010 11:56am Jun 24, 2010 11:56am
Quoting chief1oar
Spinning Rowboat.... I love it!

Chief
Our discussion on "Aha" moments inspired the name
The trend always ends.
  • #7,924
  • Jun 24, 2010 12:52pm Jun 24, 2010 12:52pm
Speaking of the Rowboats... A friend in the chat spotted one on the EU M30 a bit ago and it also appeared on the Euro M30 Globex (chart below). A nice easy trade.

http://content.screencast.com/users/...06-24_1347.png
The trend always ends.
  • #7,925
  • Jun 24, 2010 2:12pm Jun 24, 2010 2:12pm
Yup... Nice and easy.
The trend always ends.
  • #7,926
  • Jun 24, 2010 3:23pm Jun 24, 2010 3:23pm
Quoting Shamus
A low volume bar on any tf is almost always indicative of no or low demand.

Do you have a specific chart in mind? I can take a look.
I will look if I can find a chart with such a bar.


I remember that, given what was written in Tom Williams' book, it could happen for a shake-out forexample, as the Smart Money don't want to risk too much on that kind of move.

Shamus, could you please show us a daily chart of any currency in SMART? Is it able to find the different VSA signals? How did you handle the case of the Sundays? Do they all appear as no-demand or no-supply?
  • #7,927
  • Jun 25, 2010 12:54am Jun 25, 2010 12:54am
Quoting Shamus
I don't know of any but I haven't really looked into it either. I know google finance provides volume for their stock charts so you can check them as I believe they do offer currency quotes as well.
Ok, Thanks Shamus.
Knowledge is possessed only if is shared
  • #7,928
  • Jun 25, 2010 5:30am Jun 25, 2010 5:30am
Wow. I should have known you guys would change your mind about charging money for your volume software. Shamus told me himself it was going to be free during chat conversations, and also mentioned that it would be free in this thread numerous times. I am sure a lot of work went into creating it, and if it works then it is worth spending the money on (for those of you who can afford it), however i am disappointed that this wonderful thread has turned into a money making venture. The quote ''a wolf in sheeps clothing'' comes to mind because from the get go, this thread and the volume software being developed was being put forward as a free alternative to TG for those of us who could not afford such expensive software. Yet another FF thread turned into a money making venture, such a shame, but no hard feelings Shamus, you have every right to charge money for your work and i wish you well. I just wish you told us the truth from the start so that i didn't wait an entire year for a piece of software i couldn't afford.
  • #7,929
  • Jun 25, 2010 7:42am Jun 25, 2010 7:42am
Quoting A-game
I just wish you told us the truth from the start so that i didn't wait an entire year for a piece of software i couldn't afford.
If you have been using VSA for antire year, do you really think that you need software for anything other than price and volume? Over 99% of the thread has nothing to do with software.
  • #7,930
  • Jun 25, 2010 7:47am Jun 25, 2010 7:47am
I do not think anyone here would claim that this product is a ''need'' however, i am still far from proficient in vsa hence my disappointment regarding the pricing. I would have thought that was fairly obvious after reading my comments? Perhaps not...
  • #7,931
  • Jun 25, 2010 7:58am Jun 25, 2010 7:58am
That's fair. I guess we all felt entitled to the software at one time or another. At least the price is over $5000 less than the competition
  • #7,932
  • Jun 25, 2010 8:19am Jun 25, 2010 8:19am
Quoting A-game
Wow. I should have known you guys would change your mind about charging money for your volume software. Shamus told me himself it was going to be free during chat conversations, and also mentioned that it would be free in this thread numerous times. I am sure a lot of work went into creating it, and if it works then it is worth spending the money on (for those of you who can afford it), however i am disappointed that this wonderful thread has turned into a money making venture. The quote ''a wolf in sheeps clothing'' comes to mind because from the...
I guess I would be more interested to purchase Todd Krueger Wyckoff Analysis DVDs rather than any VSA software.

I prefer to learn how it works rather than to depend on any software.
  • #7,933
  • Jun 25, 2010 8:20am Jun 25, 2010 8:20am
The pricing is definitely reasonable in comparison to TG and to be honest, if i had the money i would probably purchase a license. I do not, so i cannot.
  • #7,934
  • Jun 25, 2010 8:28am Jun 25, 2010 8:28am
Perhaps one day you will have enough to purchase it. While Shamus is a JERK! -- 2$Chuck is worth compensating for all the work he put into it
  • #7,935
  • Jun 25, 2010 8:28am Jun 25, 2010 8:28am
A-game contact me via pm here or in the chat. I have a couple of questions for you and prefer it to be private.
The trend always ends.
  • #7,936
  • Jun 25, 2010 8:29am Jun 25, 2010 8:29am
Quoting sunpost
Perhaps one day you will have enough to purchase it. While Shamus is a JERK! -- 2$Chuck is worth compensating for all the work he put into it
HAHAHA... I see what you did there.
The trend always ends.
  • #7,937
  • Jun 25, 2010 12:26pm Jun 25, 2010 12:26pm
Wow a person starts a thread for serious discussion, provides resources to grasp the concepts and shares his expertise. And the next thing he is a bum.

I apologize in advance if I have misread any comments. One thing I have observed at any fourm is that people (newbs or growing traders) have this sense of everything needs to be given them. From the next best indicator to a trading stat. The best mentoring we will ever receive is someone pointing us in the right direction and helping us form good habits. After all we are responsible for our trading action it does not / should not depend on some special code or signal service.

In regards to Shamus my impression was he started out with the idea of a training application to help with VSA. After spending over a year on his project his team developed something much more advanced. Kudos for them. They utilized their coding skills along with their trading skills and came up with SMART. THEY DID THE WORK.

I can not code and I am still developing the concepts of VSA I never expected anything just to be given us. Though I must say it did not seem to be handled very well. But the fact remains they worked on it I did not nor did the majority of the thread followers. In this business the cost is more than reasonable. Nothing worth having come free. There is a price to be paid.

Just my 2 cents of worthless opinion. May we all prove successful in our trading endeavor.

Bill
  • #7,938
  • Jun 25, 2010 2:36pm Jun 25, 2010 2:36pm
Somebody invites you over for dinner, you show up and it's a full 5 course meal, you sit down and before you get ready to eat the cook says that will be $10 please. Wouldn't you be upset, I would. Not at the cost of the meal but the fact that you didn't tell me I had to pay, even though i know you had to put a lot of work into it. I'm using a micro account and i would have to close it out to pay for the software even if it is cheaper than TG. Just my thoughts

ps
VSA experts on this thread and others are greatly appreciated by us newbies, and thank you in advance for your thoughts about VSA now and in the future.
  • #7,939
  • Jun 25, 2010 7:14pm Jun 25, 2010 7:14pm
Hi fellow traders, this is one of my 3 losing trades, the overall trend is down on daily, initially fom the 5 min up to 1 hr it was a melody of uptrend so i waited till GMT 1645, 25/6, and shorted the candle, its a up bar that closes on the lower half of the candle, same for the previous 5min candle, so i shorted it, as higher time frames were also singing the same melody, but it went up instead, any insights? This was my 3rd trade n i was trading as usual, half suspecting if im entering for revenge which is not a gd trait of trading psychology...sigh
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  • #7,940
  • Jun 25, 2010 7:25pm Jun 25, 2010 7:25pm
Greetings! fellow traders, please be patient with me as i ask a noob question cos im a noob. =)

on eurusd, if we zoom out, it is a down trend right? but if we study using vsa, it seems to be turning up...so which one do we take?

appreciate your time!
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