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Trade Using VSA (Volume Spread Analysis)

  • #7,981
  • Jun 30, 2010 12:54pm Jun 30, 2010 12:54pm
Excellent.
The trend always ends.
  • #7,982
  • Jun 30, 2010 6:19pm Jun 30, 2010 6:19pm
Hey, so now Shamus is SELLING his SMART system?

What gives?

I thought he said it was gonna be free?!
  • #7,983
  • Jun 30, 2010 7:54pm Jun 30, 2010 7:54pm
I first asked this in the CHAT but I think I was the only one there.

Are there any SMART Trader users out there who can point me in the right direction? I'm fairly new to VSA trading and thought the software could help with the learning curve. I've got the candles figured out but trying to decipher some of the other information has been challenging.

My guess was that the background description in the upper right hand corner describes the last marked candle. However not that I’ve looked studied it, this doesn’t appear to be the case.

Also it defines the Range as the last 25 bars; so how many bars back does “Immediate” look back?

What are the differences between the information in the upper right hand corner and the information below the volume bars? Is it the same info or different? Is so how is it different?

What are the MTF bars in the upper left hand corner measuring?

Is there anywhere I can go to get a description (or designed use) for each of the modules?

Thanks in advance for any input...
  • #7,984
  • Jun 30, 2010 8:59pm Jun 30, 2010 8:59pm
Quoting DavidFX
I first asked this in the CHAT but I think I was the only one there....
Hi David. I have been in and out of the chat for a bit and had to take care of some personal business this evening. Please submit any questions to the ticket system as this is the fastest way to get a response.

The range deals with the last 25 bars as you mentioned and immediate is the last signal. mtf is the multiple time frame scanners.

Also we are working on a visual bg scanner as we speak and it should appear in the next update.

If you have any additional questions feel free to submit a ticket or join us in the chat.

Thanks
The trend always ends.
  • #7,985
  • Jun 30, 2010 8:59pm Jun 30, 2010 8:59pm
Quoting wowzers
Hey, so now Shamus is SELLING his SMART system?

What gives?

I thought he said it was gonna be free?!
Shut your face.

PS lol.
The trend always ends.
  • #7,986
  • Jul 1, 2010 2:19am Jul 1, 2010 2:19am
What is wrong with me??

I wish I could find only one trade where I see a selling climax on ultra high volume followed a bit later by a test and when I enter at the end of the test bar then the price do not continue its down trend like crazy.

None of those shitty VSA signals are working for me!!!
  • #7,987
  • Jul 1, 2010 2:20am Jul 1, 2010 2:20am
Shamus,

Hope you are doing well.

I am live with your great system and just need to know which module/indicator will show me the Horizontal Volume (same as market profile), as I tried them all and couldn't reach it?

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 ...
  • #7,988
  • Jul 1, 2010 3:12am Jul 1, 2010 3:12am
It will come with time - just dont stop to learn

Best,
Tom


Quoting dvarrin
What is wrong with me??

I wish I could find only one trade where I see a selling climax on ultra high volume followed a bit later by a test and when I enter at the end of the test bar then the price do not continue its down trend like crazy.

None of those shitty VSA signals are working for me!!!
  • #7,989
  • Jul 1, 2010 6:46am Jul 1, 2010 6:46am
TwoBuckChuck,

Hope you are doing well.

Please execuse my limited experience. What does it mean when the POC line is drawn?


Cheers,

Quoting TwoBuckChuck
I had modified the market profile mt4 indi for my own use a while back, some may find this update useful. This is not an extension of the previous one, the POC lines are the same as the original.

The settings are as follows:

StartDate = The date to start the profiler (only applies if ShowToday is false)

ShowToday = show today's profile (remember it will be incomplete)

CountProfile = Number of days back to show the profiler

SkipSundayData = skips sundays (set to false if your broker has no sunday bars)

Asia_Color = The color of...
Depict history, predict future, and the area in between ...
  • #7,990
  • Jul 1, 2010 7:59am Jul 1, 2010 7:59am
Tom says that the market doesn't like very high volume on up-bars.

In a trading channel, if the volume near the supply line is lower than previous volume at that level, price should not be able to break through supply.

If at this level we see an up-bar on very high volume higher than the previous volume at that level, should we expect the price to go higher because the volume is higher than at the previous touch of the supply level, or should we expect the price to rebound and go down, because the volume is very high compared to the volume of the previous bars?

Daniel
  • #7,991
  • Jul 1, 2010 9:14am Jul 1, 2010 9:14am
Quoting Al-Agha
Shamus,

Hope you are doing well.

I am live with your great system and just need to know which module/indicator will show me the Horizontal Volume (same as market profile), as I tried them all and couldn't reach it?

Cheers,
Hi. We use vol based sr which I feel is better. You are free to use any profile type indicator you wish though.
The trend always ends.
  • #7,992
  • Jul 1, 2010 9:18am Jul 1, 2010 9:18am
Shamus,

Great, kindly help me buy posting a chart that shows an example (For Vol based SR), as I am not able to understand how it works, while I believe it is very important.
- And if in the same time you can teach me on "POC lines" usage and what do they mean, I would highly appreciate it.


Cheers,

Quoting Shamus
Hi. We use vol based sr which I feel is better. You are free to use any profile type indicator you wish though.
Depict history, predict future, and the area in between ...
  • #7,993
  • Jul 1, 2010 9:20am Jul 1, 2010 9:20am
Quoting dvarrin
Tom says that the market doesn't like very high volume on up-bars.

In a trading channel, if the volume near the supply line is lower than previous volume at that level, price should not be able to break through supply.

If at this level we see an up-bar on very high volume higher than the previous volume at that level, should we expect the price to go higher because the volume is higher than at the previous touch of the supply level, or should we expect the price to rebound and go down, because the volume is very high compared to the volume...
High volume on a effort to rise or wrb is actually healthy if the volume is not extreme. We saw a perfect example of this yesterday in the chat. Two etr's over a few hours one was extremely high volume and ended up being a reversal point, the other was healthy and it did not reverse.

I'm a bit tired after a long night so will look back to see if I messed your questions completely.

PS Hi guys.
The trend always ends.
  • #7,994
  • Edited 11:20am Jul 1, 2010 11:08am | Edited 11:20am
Just did a quick write up on a Euro you can see it here: http://pipbuilders.posterous.com/a-d...en-through-the

Also took a short basket on euro.
The trend always ends.
  • #7,995
  • Jul 1, 2010 12:59pm Jul 1, 2010 12:59pm
Hello,Shamus

I have a plan to purchase your software

Does it draw MML and WRB line automatically ?

Works fine with Meta Trader on one latest lap top pc ?

Regards,
  • #7,996
  • Jul 1, 2010 1:07pm Jul 1, 2010 1:07pm
Quoting kamise
Hello,Shamus

I have a plan to purchase your software

Does it draw MML and WRB line automatically ?

Works fine with Meta Trader on one latest lap top pc ?

Regards,
It doesn't draw mml as there are plenty of really good ones out there already that you can choose from.

Effort to rise and buying climaxes are both WRB's and are painted as you can see from the link above. We do not draw lines for them but could likely add it in a future update if enough people ask. (I would need to confirm this with Chuck)

It works fine on a laptop even with a number of charts and the scanners running. Chuck did an amazing job of optimizing the code so that there is very little to no lag depending on your machine.

PS if anyone has questions specific to SMART please submit a ticket through the site. I see them a lot faster that way. You can also come in the chat.
The trend always ends.
  • #7,997
  • Jul 1, 2010 1:50pm Jul 1, 2010 1:50pm
Quoting Shamus
Shut your face.

PS lol.

HAHAHA

Funny reply coming from a supposedly funny guy.

I think you are a manipulating person Shamus.

I distinctly remember you riding Forexflash for selling his VSA indicator set to the point where you were posting o his thread in other forums saying that you would never sell your stuff. Yet here we are about a year later and GUESS WHAT HAPPENS?

SHAMUS HYPOCRITICALLY SELLS THE SAME THINGS HE THAT HE SAID HE WOULD NEVER SELL.

I hope Forexflash is reading this.

Not just that, you sent people to another forum to register for it.

What a misleading individual. And a rather opportunistic one.

Let me break it down for you: Shamus is a strategical manipulator. He starts the VSA thread after someone else already started it in the guise that it is for VSA. People start kissing his ass and saying that he is a very good VSA trader although Shamus himself denies it in the beginning. As with all good manipulators, Shamus is a people person starting his picture tennis thread so everyone thinks hes a fun-loving good spirited guy. This image helps with in his dealings with people so that people dont suspect him of anything.

Yet, here we are with his agenda revealed.

Oh and please dont tell me that you werent planning to sell it when the idea was concieved. Because I know ou werent.

But that doesnt matter, at the end of the day what matters is that you acted maliciously towards someone with all the VSA noobs backing you at the time against Forexflash and now here we are. You peddling your wares.

In the words of Abraham Lincoln:

You may fool all the people some of the time; you can even fool some of the people all the time; but you cant fool all of the people all the time.
  • #7,998
  • Jul 1, 2010 2:29pm Jul 1, 2010 2:29pm
Quoting wowzers
HAHAHA

Funny reply coming from a supposedly funny guy.

I think you are a manipulating person Shamus.

I distinctly remember you riding Forexflash for selling his VSA indicator set to the point where you were posting o his thread in other forums saying that you would never sell your stuff. Yet here we are about a year later and GUESS WHAT HAPPENS?

SHAMUS HYPOCRITICALLY SELLS THE SAME THINGS HE THAT HE SAID HE WOULD NEVER SELL.

I hope Forexflash is reading this.

Not just that, you sent...
I have heard from 10 people, some in this thread saying their copy paid for itself on one or two trades.

Those comments mean something to me... yours do not. You are clearly upset you weren't chosen in beta and now actually have to pay for something of value.

The truth is forexflash built in a timebomb and his code like the one he ripped it off from (the ninja indicators) do not work. That is why I had him removed from the thread.

You should read back in the thread and count how many times I said SMART would be free. The answer is 0 The old version I was working on in mql was going to be given away but it wasn't very good. I mentioned that it (the vsa trainer) would be free once (over a year ago), and if you look at the context it was said in, you can see it was meant to stick it to forexflash for taking advantage of the goodwill of people in this thread. After chuck came on board to help and a lot of time was put in we decided it would be worthwhile to sell it to recoup some of our investment, make some money, and control it's distribution. It wasn't some big master plan you think it was lol. Talk about getting real.

Also no one had to register for another forum to sign up for beta or release notification, that is either an out right lie on your part or you just like to say dumb things. The link is still up on the first post so you can click it and wallow in your wrongness.

Good luck trading and see you in the chat
The trend always ends.
  • #7,999
  • Jul 1, 2010 4:14pm Jul 1, 2010 4:14pm
"wallow in your wrongness."
  • #8,000
  • Jul 1, 2010 4:29pm Jul 1, 2010 4:29pm
I just reread my reply to wowzer and now that I have, I realize I may have been a bit harsh. For this I apologize.

SMART was an intense and long project and it gets me a bit miffed when people come in spouting off about whether it should be free or not without any understanding of the time and investment it took to create.

It's not free and it's worth much more than we charge end of story.

See you in the chat.
The trend always ends.
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