Trade Using VSA (Volume Spread Analysis)

Quoting Bethel

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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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Quoting bowldog

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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

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VSA experts on this thread and others are greatly appreciated by us newbies, and...

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Quoting kamise

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I think the trade was never based on VSA method.

But is simply a failed counter trade. cause you did not see any back ground.

Regards,

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Quoting holn1dream

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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...

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Quoting dvarrin

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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.

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Quoting bowldog

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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...

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Quoting Scrat

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.......but if you are a lazy a$$, then you will most likely fail... with or without any software.
.............

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Quoting Shamus

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I agree kamise. Perhaps Bethel can expand on their post a bit.

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Quoting tonirai

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WG,
you're right (I think Obaidah didn't mean to say that and made some confusion with words maybe);

A shake-out is seen in bottoms before reversing - it's the equivalent to the upthrust in tops, so it's also called a reversed upthrust - and it comes with high volume.

The "ideal sequence" (ideal, because it can change sequence and shapes a bit) is:

on tops:
1 - hidden potential selling (buying climax; very high spread and very high volume, closing near but ideally not at the high, with a rising market behind it);
2 - end of a rising market...

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Quoting Bethel

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Thanks guys, you mentioned i did not check the background? I dun really get this part, because i read the charts fom 5min up to the daily to determine the direction n to short or long.

Am i missing something here? I have read master the markets, but im still re-reading.

Hope you can be patient with me and i really appreciate your help big time, thank you sirs!

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Hi, sorry, this is a very old post, but isn't buying n selling climax narrow spreads instead of high spreads?, according to Tom Wlliams

Quoting Jasus

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You have to look if there is stopping volume, shake-out, selling climax (rare), efforts to go down with no results. First you see this on the longest timeframe, then you see it on shorter timeframes and time the entry (when there's a test, falling pressure or prices go into recent lows with low volume) on short timeframes. I'm a newbie though, but this is what I'm doing and it's what I learned from the book.



Tom Williams considers both. First he says it's narrow spreads then later in the book he says it's very high spreads too. They both work...

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Thanks Jasus, we can discuss and hope that the pros can give more advice as well.

Btw, you mentioned the large time frame 1st, im actually doing the smallter time frames up till daily, then go back to 5min to time my entry, im doing so because in a todd Krueger article, he mentioned the importance of time frames and gave an example of how the smaller TF leads the larger ones, and checking on them to form a 'melody'

Quoting GoldStandard

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I too was expecting the software to be free, but I'm not at all bent out of shape that it ended up costing money. $350 one time for software that works is cheap, especially compared to the time and expense it would take to develop something like this yourself. To be able to buy something for $350 that would have taken me thousands of dollars and probably thousands of hours of work to develop is an incredible bargain.

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