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Trade Using VSA (Volume Spread Analysis)

  • #8,001
  • Jul 2, 2010 3:06am Jul 2, 2010 3:06am
Here's the GU m15 for popo. First arrow (green bar) is effort to rise on very high volume (weakness) also a spinning rowboatish pattern.

Next arrow (Orange bar) is Supply Coming In (Weakness).

Third Arrow is pointing to the immediate and range bg scans which indicate weakness.

I'm not sure if you check this thread but I hope it helps.

http://content.screencast.com/users/...07-02_0400.png
The trend always ends.
  • #8,002
  • Jul 2, 2010 3:33am Jul 2, 2010 3:33am
Quoting Shamus
Here's the GU m15 for popo. First arrow (green bar) is effort to rise on very high volume (weakness) also a spinning rowboatish pattern.

Next arrow (Orange bar) is Supply Coming In (Weakness).

Third Arrow is pointing to the immediate and range bg scans which indicate weakness.

I'm not sure if you check this thread but I hope it helps.

http://content.screencast.com/users/...07-02_0400.png
Update:

Signs of strength. The EOM on M15 is fairly low compared to what I am used to on H1. If you know what these patterns typically yield on m15 then you know what to do. Trade is up about 20 pips in the time it took to write this.

http://content.screencast.com/users/...07-02_0430.png

PS EOM = Expectation of Movement (A theory of mine that will be incorporated into SMART after some testing)
The trend always ends.
  • #8,003
  • Jul 2, 2010 3:49am Jul 2, 2010 3:49am
We now have a Green bar (Effort to rise) ETR is normally a sign of weakness but only if the volume is excessively high. This ETR is marked with high but not excessively high volume which typically precedes a continuation upwards (I wrote about this very situation a few times over the last few days both in chat and linked from here). We are getting near some lines of death (VSR Volume Based Support and Resistance) so we'll need to see how it reacts at those levels... currently it's bouncing on one but keeps hitting so we may get a breakout.

I am off for the night. Good luck to those trading.
The trend always ends.
  • #8,004
  • Jul 2, 2010 5:02am Jul 2, 2010 5:02am
I see SOW - SIGN OF WEAKNESS IN BACKGROUND till yet..

For me this was short and i tooked it also.

EDITED:
I beated SMART

Best,
Tom



Quoting Shamus
We now have a Green bar (Effort to rise) ETR is normally a sign of weakness but only if the volume is excessively high....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 15 min.gif Size: 37 KB
  • #8,005
  • Jul 2, 2010 9:04am Jul 2, 2010 9:04am
Quoting tfflyer

EDITED:
I beated SMART

Best,
Tom
I am not sure if you are just being goofy and if this is the same Tom from the chat but I am not sure what you mean you "beated" smart... SMART helped with a quick 40ish pip signaled in chart posted above. That move (at the green line of death like I mentioned could not break and resulted in a Red SMART Bar (Upthrust) which is a sign of weakness. That would have been an excellent place to go in short. I am guessing you got in on the candle after the Red?

The chart:

http://content.screencast.com/users/...07-02_0958.png
The trend always ends.
  • #8,006
  • Jul 2, 2010 9:07am Jul 2, 2010 9:07am
No problem, that great

Best,
Tom


Quoting Shamus
I am not sure if you are just being goofy and if this is the same Tom from the chat but I am not sure what you mean you "beated" smart......
  • #8,007
  • Jul 2, 2010 9:16am Jul 2, 2010 9:16am
Quoting tfflyer
No problem, that great

Best,
Tom
HAHA I saw already saw it *was* you... Nice job on the short as I said in the room, but you didn't "beated" anything. LOL see you in the chat.
The trend always ends.
  • #8,008
  • Jul 2, 2010 12:33pm Jul 2, 2010 12:33pm
however...A lot of true..


Best,
T



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 people to...
  • #8,009
  • Jul 3, 2010 11:23am Jul 3, 2010 11:23am
Happy fourth to all of you within the US. Be safe and see you in Asia.

http://farm1.static.flickr.com/69/18...0537107963.jpg
The trend always ends.
  • #8,010
  • Jul 4, 2010 3:09pm Jul 4, 2010 3:09pm
I'm slowly wending my way thru Master the Markets and reading as much peripheral material as I can about VSA.

Sorry if the following is a noob question, or if it's already been answered in one of the previous 8,000+ posts. Please feel welcome to merely direct me to the relevant post, if it has.

In Master the Markets, Mr Williams is always talking about stocks, as opposed to forex. Given that bull and bear movements in stock markets behave differently (stock prices tend to fall more quickly than they rise, for example), I can understand why an 'upthrust' would be a significant (bearish) pattern, but there would be no mirror image 'downthrust' (or 'inverted upthrust').

However, forex is different. In virtually every forex system I've seen, the sell signals are a mirror image of the buy signals, and understandably so, because there's no theoretical structural bias in forex, i.e. going long EURUSD is effectively the same as going short USDEUR. Surely, with forex, a downthrust at the end of a downward move is just as significant as an upthrust at the end of an upward move. But when I look at some of the VSA concepts being discussed (and MT4 indicators that have consequently been developed), they seem to ignore the implications of forex's 'mirror image' phenomenon.

Can anybody explain why?

Thanks in advance,
David
  • #8,011
  • Jul 4, 2010 4:38pm Jul 4, 2010 4:38pm
You might be looking for a reverse up-thrust (RUT) . Try page 81 in the MTM book.
  • #8,012
  • Jul 4, 2010 6:06pm Jul 4, 2010 6:06pm
Quoting hanover
...In Master the Markets, Mr Williams is always talking about stocks, as opposed to forex. Given that bull and bear movements in stock markets behave differently (stock prices tend to fall more quickly than they rise, for example), I can understand why an 'upthrust' would be a significant (bearish) pattern, but there would be no mirror image 'downthrust' (or 'inverted upthrust').
Actually there is a such thing as a reverse up thrust.

Quoting hanover
In virtually every forex system I've seen, the sell signals are a mirror image of the buy signals, and understandably so, because there's no theoretical structural bias in forex, i.e. going long EURUSD is effectively the same as going short USDEUR. Surely, with forex, a downthrust at the end of a downward move is just as significant as an upthrust at the end of an upward move. But when I look at some of the VSA concepts being discussed (and MT4 indicators that have consequently been developed), they seem to ignore the implications of forex's 'mirror...
You could not be further from the truth.

In VSA we have:

Buying climax: Weakness ............Selling Climax: strength
Up Thrust: Weakness .................Reveres Up Thrust/Shake Out: Strength
No Demand: Weakness ...............No Supply: Strength
Effort to Fall: Weakness .............Effort to Rise: Strength

*Note that Effort to Fall would be on a down bar whereas the rest of the weak bars will generally be up bars.

No Buying Pressure: weakness...... No Selling Pressure: Strength
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #8,013
  • Jul 5, 2010 1:10am Jul 5, 2010 1:10am
Hi Shamus
One thing I just heard tradeguider will sue anyone who use the phrase VSA or "volume spread analysis", as they own the copyright to that phrase and they will go after anyone who use this phrase.. smart ass i know.. but just be careful because they recently sue hawkeye trader. I am sure you know that.. use SMART instaed because we all know what smart is


Cheers buddy
Awsome work
  • #8,014
  • Jul 5, 2010 2:58pm Jul 5, 2010 2:58pm
@sunpost, HiddenGap: Thanks for your replies. I will continue with my reading. So far it seems that, despite Mr Williams' book being cited as the universal authority, there are many interpretations of VSA; that it's no more precise a science than any other form of TA. But I guess I should have expected that.
  • #8,015
  • Edited Jul 6, 2010 4:57am Jul 5, 2010 9:10pm | Edited Jul 6, 2010 4:57am
Thank you, HG

It's very interesting and informative. How about test? It seems a successful test always means sign of strength. Does it has a 'mirror' on the other side?

regards,
polomine

Quoting HiddenGap
Actually there is a such thing as a reverse up thrust.


You could not be further from the truth.

In VSA we have:

Buying climax: Weakness ............Selling Climax: strength
Up Thrust: Weakness .................Reveres Up Thrust/Shake Out: Strength
No Demand: Weakness ...............No Supply: Strength
Effort to Fall: Weakness .............Effort to Rise: Strength

*Note that Effort to Fall would be on a down bar whereas the rest of the weak bars will generally be up bars.

No Buying Pressure: weakness...... No Selling Pressure: Strength...
  • #8,016
  • Jul 6, 2010 8:48am Jul 6, 2010 8:48am
Quoting hoichoi
Hi Shamus
One thing I just heard tradeguider will sue anyone who use the phrase VSA or "volume spread analysis", as they own the copyright to that phrase and they will go after anyone who use this phrase.. smart ass i know.. but just be careful because they recently sue hawkeye trader. I am sure you know that.. use SMART instaed because we all know what smart is


Cheers buddy
Awsome work
So Tradeguider now owns the phrase " volume spread analysis " ?- LOL , thats crazy !!
  • #8,017
  • Jul 6, 2010 9:58pm Jul 6, 2010 9:58pm
SMART is Smart Money Analysis RT (Real Time)

I hope all those in the US enjoyed the holiday weekend. I am back and tomorrow will be back in business. I was very pleased with all the comments from the "new guys" about how you are doing with SMART and look forward to chatting with you all in the room.

I thank everyone that took a chance on us. We should have some big news in the next week or so in regards to updates and advanced modules.

Good luck trading and I'll see you in the chat.
The trend always ends.
  • #8,018
  • Jul 7, 2010 3:04pm Jul 7, 2010 3:04pm
Quoting hoichoi
Hi Shamus
VSA or "volume spread analysis", as they own the copyright to that phrase and they will go after anyone who use this phrase.. smart ass i know.. but just be careful because they recently sue hawkeye trader.

Awsome work
If they registered the trademark "volume spread analysis", then they can go after other people who are using it without their consents. It is a long procedural process; hence, it not really a big deal. The violators do have lots of time to response prior to the court process.
  • #8,019
  • Jul 8, 2010 11:14am Jul 8, 2010 11:14am
I just posted this in the live chat: Link for free chat room is on the first post.

http://content.screencast.com/users/...07-08_1159.png

Another great example of the pattern I refer to as the spinning rowboat. WRB into a UT (green bar into red) The extra benefit of having a red SOW square was nice too.

The chart is h1 E/U

See you in the chat.
The trend always ends.
  • #8,020
  • Jul 8, 2010 1:50pm Jul 8, 2010 1:50pm
Quoting Shamus
I just posted this in the live chat: Link for free chat room is on the first post.

http://content.screencast.com/users/...07-08_1159.png

Another great example of the pattern I refer to as the spinning rowboat. WRB into a UT (green bar into red) The extra benefit of having a red SOW square was nice too.

The chart is h1 E/U

See you in the chat.
I agree with you . UT into WRB is the best pattern I have ever found

May be I am SMART as well as you are
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