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Trade Using VSA (Volume Spread Analysis)

  • #7,961
  • Jun 29, 2010 5:58am Jun 29, 2010 5:58am
Quoting HiddenGap
I must admit that I never intended to use SMART.

I did get the impression that it was going to be free and Shamus was providing a tool out of the goodness of his own heart. And maybe as a snub to TradeGuider.

What bothers me most is that the BEST FREE resource for learning and exploring VSA is now "hidden" in the commercial section of this site. Many traders will lose because of this.

Trading is the last true bastion of capitalism. To trade you have to be a
capitalist. As such, you should really bare no ill will that Shamus is trying...
i think, MR. Shamus has all the right for his piece of work. It cannot be judged. and, yes i am newbie, but any other who can profit from this business, then please remember some thousand bucket is nothing, cause here we can profit much much more.. why doesnt he earn money from his work, maybe he already earn from this fx business, but why why he doesnt add some more buckets from his smart ? money is money, penny is penny... it is his choice and right whatever to do with it.. maybe it is right maybe not.. i believe he has already given us by starting this thread a very different and maybe good view... at least, we learn here something differen from indis. that's enough for me.. but a very nice window to look at this market... and lastly, i also believe in that people shouldnot be likely only 100% giving character. this is not about marketing or sale or capitalism.. because everything has a cost..

cheers
  • #7,962
  • Jun 29, 2010 6:18am Jun 29, 2010 6:18am
Quoting f451
profxtrader

does SMART include scanners for background on symbols, and how good are they?

and how good was your VSA knowledge before you bought SMART? enough to make successful trades, or not?

cheers
f451
Yes SMART provides scanners for background. As far as how good they are, I trade mainly hourly timeframes and up, and since I've only been using it for 2 days now.... that's tough to answer. I'm honestly not sure at this point just how good that part is.

My VSA knowledge was basic. I've been reading up on it for the past 5 or so months but really only applying it for the past 2 or 3 months. I'm a pattern trader and like I mentioned over in the thread I post in, I believe that volume analysis is a step in the right direction to improving accuracy for those pattern trades (e.g. a no demand bar printed around resistance might have me consider taking the short side versus a sign of strength nearing resistance.)

I suppose the answer to your second question is I'm a newbie where VSA is concerned. A few months is nothing in this game.

As far as making successful VSA trades... again I'm not a strict VSA trader, but rather using VSA to identify areas of strength or weakness in my pattern trades, and I do that successfully.
Every time you use 'hopium' in a post, God kills a kitten.
  • #7,963
  • Jun 29, 2010 8:33am Jun 29, 2010 8:33am
Quoting ffbk
I am very interested. I had a bunch of queries:


- If there is or in future going to be a trial for this?
- Is there any other pre-requisite in using SMART? like some other feed for which i have to pay monthly
- What is the recommented MT4 broker?
- Is there a past performance that we can have look at?
- Are the future update/enhancements going to be free or is it going to cost additionally?

These are not just that i am looking at. I am sure anyone interested in this software would be looking forward to.
Thanks for the kind words guys and also profxtrader. Chuck and I were glad to hear of your success using smart.

FFBK:
It's still a work in progress but the following link should answer all of your questions above. If not feel free to send me an email via our ticket system.

http://smart.pipbuilders.com/comparison.html

Good luck trading and see you in the chat.
The trend always ends.
  • #7,964
  • Jun 29, 2010 8:40am Jun 29, 2010 8:40am
PS: As some of you know we are working on an update to smart which will added a background framework module. I was hoping to have it completed this week so keep an eye on your chart (update notifications appear right on your chart)
The trend always ends.
  • #7,965
  • Jun 29, 2010 7:26pm Jun 29, 2010 7:26pm
Good morning fellow traders,

please correct me if im wrong, currently EJ daily is in a downtrend but it seems tt there are buying in the back ground?

my take is we trade according to the downtrend? appreciate your advice and sharing, thank u for your time.

Bethel
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  • #7,966
  • Jun 29, 2010 11:11pm Jun 29, 2010 11:11pm
Hello fellow traders, this is what i see, please correct me as i am noob, thank you for your advice in advance

Daily: its on a downtrend and making new lows. Several stopping volumes can be seen and one upthrust is seen. The latest low (107.91) broke past the low few days back and is still slightly higher from historical low, but historical low is a cause for concern.

Overall its a downtrend, accumulation is seen but the upmove dun seem to be happening yet. Hence, my conclusion is to short with the trend but with caution.

4Hrly: I see stopping volume as well but lower volume as bars move up, as well as narrow spreads, so i still stand on the short side.
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  • #7,967
  • Jun 29, 2010 11:19pm Jun 29, 2010 11:19pm
Hrly: i see stopping volume, but cannot decipher the other ellipse




5min: i see a upthrust, and i went short, next is distribution/accumulation phase im really not sure, the volume were low and im lost here (and i lost this trade as well), please enlighten me


reflection: i must be an idiot to decide to go short, seeing so many stopping volume...dunno what else....please enlighten me. got stopped out on this trade.

Appreciate your help big time.
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  • #7,968
  • Edited 8:11am Jun 30, 2010 3:44am | Edited 8:11am
What do we do if during an up trend we see supply coming in. Then the price goes a bit down and we see a bottom reversal followed by no-demand.

What is the most important information: the bottom reversal or the supply coming in and no-demand?

This appears at the top of the channel in an up-trend and the volume when reaching the top of the channel is greater than the volume during the previous touch of the top of the channel; so the bottom reversal could be of great importance.

It is also possible that after the no-demand bar a no-supply bar appears.

An other problem regarding VSA. It would be easy to wait for a big volume bar and then wait for a test or up-thrust to open a trade. But very often for me the big volume bars don't appear as the last bar of the previous trend.

I often see an up-bar in an up trend with ultra high volume and closing in the middle showing supply coming in, but the 4 to 5 next bars are still making higher highs. How do we find the top of the up move in that case?


Daniel
  • #7,969
  • Jun 30, 2010 8:47am Jun 30, 2010 8:47am
malcolmb14,

Hope you are doing well.

Kindly share me the indicator that is showing volume horizontally (On your Chart).


Thank you.
Cheers,

Quoting malcolmb14
here is 2 sets ups for Asia GU

VSA is a great way to read volume and spread of candles , coupled with price action at areas of previous support / resistance it forms a great way to trade

Attachment
Depict history, predict future, and the area in between ...
  • #7,970
  • Jun 30, 2010 10:11am Jun 30, 2010 10:11am
I Love Smart VSA and spinning rowboats

http://content.screencast.com/users/...06-30_1105.png

PS This is the Euro h1 globex.

Update for those using SMART. I am working out details for what I call an EOM module which should help tremendously in gauging the potential size of a move off classic VSA and Advanced SMART patterns as well.

Chuck is working out the Visual BG module atm as well. Basic Sound alerts are nearly done.

The next update is going to seriously rock (yes it's free to those that own SMART already)

As always good luck trading and see you in the chat.
The trend always ends.
  • #7,971
  • Jun 30, 2010 10:16am Jun 30, 2010 10:16am
Quoting Bethel
Good morning fellow traders,

please correct me if im wrong, currently EJ daily is in a downtrend but it seems tt there are buying in the back ground?

my take is we trade according to the downtrend? appreciate your advice and sharing, thank u for your time.

Bethel
I missed these. If you can, pop into the chat as well.
The trend always ends.
  • #7,972
  • Jun 30, 2010 10:19am Jun 30, 2010 10:19am
Quoting dvarrin
What do we do if during an up trend we see supply coming in. Then the price goes a bit down and we see a bottom reversal followed by no-demand.

What is the most important information: the bottom reversal or the supply coming in and no-demand?

This appears at the top of the channel in an up-trend and the volume when reaching the top of the channel is greater than the volume during the previous touch of the top of the channel; so the bottom reversal could be of great importance.

It is also possible that after the no-demand bar a no-supply...
The supply and no demand pretty much trump anything else in your example but one thing will save you nearly everytime...
The background. Sorry to be vague but a little busy atm and I didn't want to leave it unanswered.
The trend always ends.
  • #7,973
  • Jun 30, 2010 10:28am Jun 30, 2010 10:28am
Yup, I will, thanks Shamus...i still cannot get vsa, thus my equity curve moves up n down like a trading range....

Quoting Shamus
I missed these. If you can, pop into the chat as well.
  • #7,974
  • Jun 30, 2010 10:31am Jun 30, 2010 10:31am
Good day Shamus,

Hope you are doing well.

I am not sure if you are on top the pipbuilder.com, as I just bought your great system and waiting to receive it.

Congratulations for this success.


Cheers,
Depict history, predict future, and the area in between ...
  • #7,975
  • Jun 30, 2010 10:38am Jun 30, 2010 10:38am
Quoting Al-Agha
Good day Shamus,

Hope you are doing well.

I am not sure if you are on top the pipbuilder.com, as I just bought your great system and waiting to receive it.

Congratulations for this success.


Cheers,
Thank you sir. You should have received download instructions to your email. If you haven't yet received them please let me know via a ticket from SMART website so I can get it sorted.

PS Check to see if the mail was filtered.
The trend always ends.
  • #7,976
  • Jun 30, 2010 10:43am Jun 30, 2010 10:43am
Shamus,

It is really my pleasure, benefiting of your success ... I submitted the ticket and no email been filtered, so I am waiting.


Cheers,

Quoting Shamus
Thank you sir. You should have received download instructions to your email. If you haven't yet received them please let me know via a ticket from SMART website so I can get it sorted.

PS Check to see if the mail was filtered.
Depict history, predict future, and the area in between ...
  • #7,977
  • Jun 30, 2010 10:45am Jun 30, 2010 10:45am
Quoting Al-Agha
Shamus,

It is really my pleasure, benefiting of your success ... I submitted the ticket and no email been filtered, so I am waiting.


Cheers,
odd. Looking into it and will report back in the ticket.
The trend always ends.
  • #7,978
  • Jun 30, 2010 11:41am Jun 30, 2010 11:41am
Shamus,

Many thanks, got the reply on the ticket. For the time been, may I ask if you have the horizontal volume indicator, to show volumes on price levels. (Simply shows the volume horizontally). If yes can you please share it.


Thank you.

Quoting Shamus
odd. Looking into it and will report back in the ticket.
Depict history, predict future, and the area in between ...
  • #7,979
  • Jun 30, 2010 12:12pm Jun 30, 2010 12:12pm
Quoting Al-Agha
Shamus,

Many thanks, got the reply on the ticket. For the time been, may I ask if you have the horizontal volume indicator, to show volumes on price levels. (Simply shows the volume horizontally). If yes can you please share it.


Thank you.
Volume based SR is included in SMART. The indicator you are interested has been posted a bunch of times in here and is in the downloads (click attachment icon and hide images) Market profiler is the name I think.
The trend always ends.
  • #7,980
  • Jun 30, 2010 12:43pm Jun 30, 2010 12:43pm
Shamus,

Thank you, got it & waiting for the SMART one :-)


Cheers,

Quoting Shamus
Volume based SR is included in SMART. The indicator you are interested has been posted a bunch of times in here and is in the downloads (click attachment icon and hide images) Market profiler is the name I think.
Depict history, predict future, and the area in between ...
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