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Trade Using VSA (Volume Spread Analysis)

  • #8,021
  • Jul 8, 2010 3:12pm Jul 8, 2010 3:12pm
Quoting kamise
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
It's definetly *one* of the better ones for sure. They stick out like a sore thumb too.

I did a brief post on them a couple of weeks ago if anyone wants to take a look: Spinning Rowboat

The name comes from a discussion I had with Chief1oar regarding our "aha" moments in VSA. His aha moment in VSA (When everything clicked) was when he saw the pattern that is named the spinning rowboat. Get it? Chief... 1 oar? ba dump dump. (ok... it's funny to me anyway)

There's more to it than that but I'll let chief tell it if he wants. I always find the "aha" moment stuff fascinating.

Good luck trading guys.

PS: Don't even ask about Mount Fuji Fakeouts.
The trend always ends.
  • #8,022
  • Jul 9, 2010 11:20am Jul 9, 2010 11:20am
EU H1 Overnight. As requested in pm. I don't trade it at all but... There was some general weakness overnight but we now have a cluster on the Advanced SOW Module showing signs of strength and demand over the last couple of hours.

I like more confirmation but if you have to take a trade... the background still shows weakness in range so let's be cautiously long to the 82ish VSR line (Volume Based Support and Resistance)

http://content.screencast.com/users/...07-09_1139.png

Good luck trading and see you in the chat. If not, have a great weekend and see you in Asia.
The trend always ends.
  • #8,023
  • Jul 12, 2010 12:39am Jul 12, 2010 12:39am
Hi everyone,
When I have been learning VSA, sometimes I have readed this term: INSOLATION.
Can Anybody explain me what is INSOLATION?
Thanks Shamus for this thread.
Knowledge is possessed only if is shared
  • #8,024
  • Edited 7:03am Jul 12, 2010 6:29am | Edited 7:03am
Hi Corcha,
this is what is meaned by insolation.

Best,
Tom


Quoting corcha
Hi everyone,
When I have been learning VSA, sometimes I have readed this term: INSOLATION.
Can Anybody explain me what is INSOLATION?
Thanks Shamus for this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: insolation.gif Size: 108 KB
  • #8,025
  • Jul 12, 2010 8:17am Jul 12, 2010 8:17am
Quoting corcha
Can Anybody explain me what is INSOLATION?
i think...maybe what he really meant is "isolation"...
  • #8,026
  • Jul 13, 2010 12:32am Jul 13, 2010 12:32am
Quoting mud3210
i think...maybe what he really meant is "isolation"...
Hi tfflyer,
thanks for your help, but mud3210 is right. I wanted to say "isolation". Sorry.
Any example about ISOLATION?
Knowledge is possessed only if is shared
  • #8,027
  • Jul 13, 2010 5:40am Jul 13, 2010 5:40am
That the same example with isolation :}

Best,
Tom


Quoting corcha
Hi tfflyer,
thanks for your help, but mud3210 is right. I wanted to say "isolation". Sorry.
Any example about ISOLATION?
  • #8,028
  • Jul 13, 2010 6:11am Jul 13, 2010 6:11am
Quoting tfflyer
That the same example with isolation :}

Best,
Tom
ok thanks.
Knowledge is possessed only if is shared
  • #8,029
  • Jul 13, 2010 11:12am Jul 13, 2010 11:12am
Hi,

I've been thinking about purchasing SMART, but I would like to know from others that already are using SMART, how is it working for them?

Cheers,
Marek
  • #8,030
  • Jul 13, 2010 12:17pm Jul 13, 2010 12:17pm
Quoting MKK
Hi,

I've been thinking about purchasing SMART, but I would like to know from others that already are using SMART, how is it working for them?

Cheers,
Marek
I bought it, working well for me so far... helping me learn VSA. I recommend it highly over other brands.
  • #8,031
  • Jul 13, 2010 12:27pm Jul 13, 2010 12:27pm
I love it. A number of people tell me in private how much they love it but keep quiet in the thread. Chief1Oar posted about it at length and profx said his copy paid for itself within the first day. Hopefully some others will come in and tell of their experiences too.

You can come in the chat as some users are in there.

PS Thanks mykefx.
The trend always ends.
  • #8,032
  • Jul 13, 2010 12:38pm Jul 13, 2010 12:38pm
Shamus, maybe if you paid us we would come here and rave bout it

Actually, I had SMART paid for in the first few trades too
  • #8,033
  • Jul 13, 2010 12:39pm Jul 13, 2010 12:39pm
I just started using SMART. The colored bars seem to be picking up all the bars that I am looking for. I have not noticed any mistakes or missed bars.

If you have a descent understanding of VSA this will allow you to glance at the screen and have a good idea of whats going on. It is definitely easier to pick out trades with it.

When I was first learning VSA the biggest struggle for me was identifying individual bars, this took me forever to figure it out. If your still learning VSA, Smart will identify the bars for you (I wish I had this 2 years ago). Smart also gives you a description of each colored bar so you don't have to look for it. This will shorten you analysis time.

I believe that Smart will definitely reduce your time learning and make it easier for you to see different patterns and trade SMARTer. lol

I will update in the future after a few more weeks of practice with SMART.

Capt1mc


Quoting MKK
Hi,

I've been thinking about purchasing SMART, but I would like to know from others that already are using SMART, how is it working for them?

Cheers,
Marek
Learning is the #2 fundamental in life, taking action is #1!
  • #8,034
  • Jul 13, 2010 12:44pm Jul 13, 2010 12:44pm
Quoting sunpost
Shamus, maybe if you paid us we would come here and rave bout it

Actually, I had SMART paid for in the first few trades too
LOL.

Thanks for the approval Sunpost and not a bad idea... not paying for testimonials (that would be bad) but an affiliate program. That might work well for something like SMART.
The trend always ends.
  • #8,035
  • Jul 13, 2010 12:55pm Jul 13, 2010 12:55pm
Quoting capt1mc
I just started using SMART. The colored bars seem to be picking up all the bars that I am looking for. I have not noticed any mistakes or missed bars.

If you have a descent understanding of VSA this will allow you to glance at the screen and have a good idea of whats going on. It is definitely easier to pick out trades with it.

When I was first learning VSA the biggest struggle for me was identifying individual bars, this took me forever to figure it out. If your still learning VSA, Smart will identify the bars for you (I wish I had this 2...
Thanks as well to you Capt. I appreciate it and let me know if you have any questions.
The trend always ends.
  • #8,036
  • Jul 13, 2010 1:00pm Jul 13, 2010 1:00pm
Quoting MKK
Hi,

I've been thinking about purchasing SMART, but I would like to know from others that already are using SMART, how is it working for them?

Cheers,
Marek

Hi,

Honestly when I first herad about VSA, I did a little research and I red the book Master the market. From there I knew that VSA was what I was looking for . After reading the book I was confused because there was so much information that ones have to take into consideration.
I wanted to learn and I wanted to recognize the needed bars. I could recognize some of them by myself but I was always hesitating, that's exactly why I purshased Smart Trader.
I am not here to promote any product but I just wanna tell that it has helped me recognize the bars, strenght, weakness.... It also gave me the confidance that I didn't had because I never traded vsa before.So for me that software helped me a lot.

What you have to know is that Smart Trader paint the bars and tells you what bar it is exactly, you can also read weakness and strenght but the software doesen't tell how to interpret them or what to trade. Therefore you need to read the book MTM. That is probably the only bad thing that I've found about it.
If I could give 1 tip to the creator that will be:
Record a video whith advice and tips on how to use the bars in oder to make a trade decision etc... and include it in the purshasing pack. This would be really helpful for newbies.

It was just my 2 cents based on my own experience.

@mel
  • #8,037
  • Jul 13, 2010 1:48pm Jul 13, 2010 1:48pm
There is a saying in my country

IF YOU CAN NOT AFFORD TO BUY IT, PAWN YOUR WIFE AND GET 30000 YEN.

This reduces my phycological stress extremely and makes my decision smoothly.

This shows me details of bg which I never noticed as others already said.
  • #8,038
  • Jul 13, 2010 1:57pm Jul 13, 2010 1:57pm
Thanks for all the kind words guys but apparently you broke our processor

I am looking into the issue and will either enable another merchant account in our system or reenable checkout shortly. If you continue getting errors during the order process please contact us via the support link on pipbuilders.
The trend always ends.
  • #8,039
  • Jul 13, 2010 8:08pm Jul 13, 2010 8:08pm
Quoting @mel
What you have to know is that Smart Trader paint the bars and tells you what bar it is exactly, you can also read weakness and strenght but the software doesen't tell how to interpret them or what to trade. Therefore you need to read the book MTM. That is probably the only bad thing that I've found about it.
If I could give 1 tip to the creator that will be:
Record a video whith advice and tips on how to use the bars in oder to make a trade decision etc... and include it in the purshasing pack. This would be really helpful for newbies.

It was...
I have to agree with Mel, it’s an excellent tool for identifying the VSA bars and the background is easier to read with the color coded bars. The background scanner information is helpful for a glance, but it’s hard to trust it for trading decisions—so I’m still constantly looking at MTF for confirmation so I don't really use them.

Knowing what I know now after using the software for a couple weeks, I have no regrets in purchasing the software. I’m still not trading VSA live but I’ve learned a great deal in the last few weeks on FF and am slowly getting the hang of it and I’m very optimistic that this is a profitable way to trade.

However to be honest, in my opinion, the software does have some limitations. For me they are not deal killers and hopefully will be addressed in the future.

First, there is no “manual” (at least that I could find) that described the different signal modules and how to use them. I’ve got the template figured out now, but an owner’s manual would have streamlined the learning process.

With Smart Trader you only get a definition of the last appearing signal. This is where a much more expensive option shines compared to Smart Trader. On their software you can click on the signal and not only a detailed description of the bar or multi-bar set up but it also gives you a description of what to look for on the chart (background) to determine valid signal setups. If/when this is added I think it’d be as good as anything out there—regardless of price.

I have placed two “tickets” for assistance and they were both answered promptly and to my satisfaction.

The chat room has been a little disappointing. Maybe its best days are behind it? It doesn’t seem like there are many traders that are active there, and (at least when I’m there) there’s not much chat specific to VSA trading/setups/Smart Trader etc. I really hope that either the chat room becomes a more active area or that a more viable option becomes available.

I’m committed to learning this method of trading and am in it for the long haul. I know there is some bad blood regarding the software; but that was before my time here in the thread and I have no opinion either way regarding all that. I just want to put myself in a position to learn as much as possible as quickly as possible and this software has and will continue to assist in that endeavor.

As of today, this is my honest opinion. I hope anyone considering the software finds it helpful either way.
  • #8,040
  • Jul 13, 2010 9:09pm Jul 13, 2010 9:09pm
Quoting DavidFX
I have to agree with Mel, it’s an excellent tool for identifying the VSA bars and the background is easier to read with the color coded bars. The background scanner information is helpful for a glance, but it’s hard to trust it for trading decisions—so I’m still constantly looking at MTF for confirmation so I don't really use them.

[font=Times New Roman][size=4]Knowing what I know now after using the software for a couple weeks, I have no regrets in purchasing the...
Thanks for the post David. I know the manual is a big thing for some people and we do include a color guide with the definitions of the basic signals. A more concise guide/manual is needed and forthcoming.

It's a tricky balance with our small team to get features planned, built and tested, and write a manual. We are working on it.
The trend always ends.
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