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Trade Using VSA (Volume Spread Analysis)

  • #8,101
  • Aug 2, 2010 11:01am Aug 2, 2010 11:01am
This is the way to do - to simulate trading.
Just to remember - In simulating trades You will not get to improve Your psychological aspects, but what You can get is "to know Your patterns" and be sure for them.
And then and only then it will help for You - everyone - in real trading.
Knowing patterns and beeing sure for them will take a lot of bad psychological aspects from trading.

So, focus on patterns.

Best,
Tom




Quoting TC East
For what's it's worth I just tried SMART on the simulator and it does work, audio alerts and all....
  • #8,102
  • Aug 3, 2010 3:55am Aug 3, 2010 3:55am
just got smart and I'm starting to like it. i will post a review soon. it would be nice to have an instruction manual though.....
  • #8,103
  • Aug 3, 2010 5:42am Aug 3, 2010 5:42am
Quoting apple_sauce
just got smart and I'm starting to like it. i will post a review soon. it would be nice to have an instruction manual though.....
Thanks Applesauce.

A manual/guide is in the works but we need to balance work on that with new features and updates. One coming later today as a matter of fact You can always pop your questions in the chat or submit a ticket too in the meantime.

There is a color guide within the client area.

Preconfigured templates are included to get you rolling a little easier also (right click your chart and select template)

If you have any questions let me know.

Thanks
The trend always ends.
  • #8,104
  • Aug 3, 2010 6:00am Aug 3, 2010 6:00am
Today's update includes:

 

  1. Modified the No Demand and Supply Test Modules
  2. Modified the Shakeout Module
  3. Added the unconfirmed No Demand and Supply Test signals (Caution alerts)
  4. Added No Selling Pressure Module
  5. Added VWAP Module
  6. Changed the VSR (Volume Based Support Resistance) module to include a custom interval setting
  7. Added Two new SMART VSA Advanced Modules
  8. Did some minor optimizations


We are still testing a new VSR module which includes the HVA stuff.

Each of the new modules include custom audio alerts.

As always you will be notified via our Update Notification System on your chart when the update is available.

If you have any questions you can join us in the live VSA chat (free to anyone) or submit a ticket at our website.

Good luck trading and see you in the chat.

The trend always ends.
  • #8,105
  • Aug 3, 2010 8:59am Aug 3, 2010 8:59am
Hey Shamus,

When I try opening the chat another tab pops up and it shows it looks like its loading but it never does. I tried it with firefox and explorer. Any suggestions would be appreciated.

Thanks
  • #8,106
  • Aug 3, 2010 9:34am Aug 3, 2010 9:34am
Quoting mrsouthern50
Hey Shamus,

When I try opening the chat another tab pops up and it shows it looks like its loading but it never does. I tried it with firefox and explorer. Any suggestions would be appreciated.

Thanks
That may be the clockworx window... not sure. I would suggest using pidgin (Instructions are on the first page of this thread in the resources section) instead of the browser version.

This way you can log the chats and don't have to worry about accidentally closing your browser.
The trend always ends.
  • #8,107
  • Aug 3, 2010 11:27pm Aug 3, 2010 11:27pm
Here's a development screenshot of our new VSR HVZ/HVA Module. It's a lot of acronyms but essentially it's our new High Volume Zone/Area Framework Module.

http://content.screencast.com/users/...08-04_0020.png

Please keep in mind this is the development version of SMART and as such things may seem a bit whacky since this is not the finished/polished module.

PS Chuck, you need to update your copy of SMART lol
The trend always ends.
  • #8,108
  • Aug 4, 2010 2:04am Aug 4, 2010 2:04am
what is bag holding?
  • #8,109
  • Aug 4, 2010 2:53am Aug 4, 2010 2:53am
Bag Holding:
1. Bag Holding
To stop a down move, demand has to overcome the supply that is causing the down move. This by its very
nature has to be on down bars and is seen after a down move has already taken place.
Supplementary Comments:
High volume on a down bar closing on the highs after a down move has already taken place would indicate
panic selling from those traders on the wrong side of the market while the market makers have decide to buy
this stock, this accounts for the high volume and the market holding.

Caution: If the volume is Ultra High, markets do not like very high volume. Supply can swamp the demand
and overwhelm even the market makers.
Any testing now on low volume at this price level becomes a very strong sign of strength in the market.
A gap down bar after you have already seen falls (probably on 'bad news') can also shake the market out. If
the volume is low then there is no supply and the market is likely to go up.
The trend always ends.
  • #8,110
  • Aug 4, 2010 11:23pm Aug 4, 2010 11:23pm
For Those of you that own SMART, the planned SMART Trader VSA (Volume Spread Analysis) software update is now live

The update includes the following changes/additions:

 

  1. Optimized the No Demand and Supply Test Modules
  2. Optimized the Shakeout Module
  3. Added Caution Signals for potential (prior to confirmation) No Demand and Supply Test signals
  4. Added No Selling Pressure Module
  5. Added VWAP Price Module
  6. Added a custom interval setting to the VS/R Module (default was daily before)
  7. Added two new advanced modules: Tree Hugging Fruitcake (Strong Short Signal) and Reverse Tree Hugging Fruitcake (Strong Long Signal)
  8. Added a setting (VolumeLookback) for the climax bars. Volume must be the highest volume in VolumeLookback periods to classified a climax bar.
  9. Added "Climactic Action" bars. Any bar that is ultra high vol and ultra spread is now painted
  10. The HVA/Z Module (High Volume Area Module) is not included in this update as it is still going through testing.


You can download the updates from within the client area. Please be sure to download both the installer and the sound installer as we have added new audio alerts for the new signals.

If you have any questions regarding SMART or this update please feel free to submit a ticket at our website http://www.smartvsa.com or join us in our Live VSA trading Room at http://vsa.pipbuilders.com


Good luck trading and see you in the chat.

The trend always ends.
  • #8,111
  • Aug 5, 2010 1:18am Aug 5, 2010 1:18am
SMART VSA (which consists of our proprietary advanced VSA multi-bar patterns and signal modules) is beginning to take shape.

This example chart of a very simple SMART VSA setup caught a 375+ pip move on AJ.

http://content.screencast.com/users/...08-05_0130.png

In the example our Advanced Strength Indication and Spinning Rowboat Modules are shown (Arrow 1 & 2)
The trend always ends.
  • #8,112
  • Aug 6, 2010 8:04am Aug 6, 2010 8:04am
On big news events such as NFP (US Non Farm Payrolls) we often find that VSA prepositions for news and today was no exception.

GBP/USD 15 minute chart. I took the long at 158.66 after strength indications on our Advanced SOW (strength or weakness) Module and our Reverse Spinning Rowboat Signal Module. The trade is currently sitting at +80 pips and trailing.

http://content.screencast.com/users/...08-06_0851.png


This chart is being posted and was grabbed on my mini netbook (hence the small chart and lack of annotation) so I will do an annotated version from the mains in a moment.

Using SMART it was a fairly easy play. When the trailing stop gets taken out I will be looking for a long USD basket trade on the inevitable profit taking although this is not a volume based play so I will not post the details in here but we are discussing it in the chat.

Good luck trading and see you in the chat.

PS This was originally posted to: http://pipbuilders.posterous.com/nfp...-analysis-soft
The trend always ends.
  • #8,113
  • Aug 6, 2010 7:47pm Aug 6, 2010 7:47pm
Hi Shamus,

I am a noob so please be patient with my question.

I have been lurking at this thread for some time and I think your SMART is a great learning software and would like to thank your invaluable contribution to those want to learn VSA.

Regularly, you announce updates notification to all purchased stand-alone SMART software (as it appears on the screen) does it mean that the user's computer communicate back to you on a regular basis to see whether an update is required? Does your SMART send back any of the user's trading activities back to you as a form of stats?

So I am concern about this privacy issue. Would appreciate if you could comment on this.
  • #8,114
  • Aug 7, 2010 3:20am Aug 7, 2010 3:20am
I went to your smart web site and opened a ticket to ask if you offer a trial of your software like most vendors, after 2 submitted tickets no reply?? - [email protected]

any chance of a reply-regards
Quoting Shamus
On big news events such as NFP (US Non Farm Payrolls) we often find that VSA prepositions for news and today was no exception.

GBP/USD 15 minute chart. I took the long at 158.66 after strength indications on our Advanced SOW (strength or weakness) Module and our Reverse Spinning Rowboat Signal Module. The trade is currently sitting at +80 pips and trailing.

http://content.screencast.com/users/...08-06_0851.png


This chart is being posted and was grabbed on...
  • #8,115
  • Aug 7, 2010 10:29am Aug 7, 2010 10:29am
Quoting Maxedout
Hi Shamus,

I am a noob so please be patient with my question.

I have been lurking at this thread for some time and I think your SMART is a great learning software and would like to thank your invaluable contribution to those want to learn VSA.

Regularly, you announce updates notification to all purchased stand-alone SMART software (as it appears on the screen) does it mean that the user's computer communicate back to you on a regular basis to see whether an update is required? Does your SMART send back any of the user's trading activities...
The software simply checks a. If it is licensed, and b. if there is an update, That is all.
The trend always ends.
  • #8,116
  • Edited 10:55am Aug 7, 2010 10:32am | Edited 10:55am
Quoting censura
I went to your smart web site and opened a ticket to ask if you offer a trial of your software like most vendors, after 2 submitted tickets no reply?? - [email protected]

any chance of a reply-regards
I answer tickets personally, usually within minutes (If there are a large number it might take slightly longer). I would suggest you search your email folders (including junk and spam) for an email from:

support at pipbuilders dot com

In any case the leasing option was disabled due to issues it caused with our billing systems.

Have a great weekend.

EDIT I just looked it up and your last ticket was responded to on July 28th.
The trend always ends.
  • #8,117
  • Aug 7, 2010 6:50pm Aug 7, 2010 6:50pm
Shamus,

Do you intend to release a version for stocks/equities? Would be great if you do.
  • #8,118
  • Aug 7, 2010 11:42pm Aug 7, 2010 11:42pm
Quoting Maxedout
Shamus,

Do you intend to release a version for stocks/equities? Would be great if you do.
Yes our stand alone will work with esignal as well as mt feeds, and we are also in talks with metastock and tradestation about a plugin for those platforms.
The trend always ends.
  • #8,119
  • Aug 8, 2010 4:54am Aug 8, 2010 4:54am
Quoting Shamus
Yes our stand alone will work with esignal as well as mt feeds, and we are also in talks with metastock and tradestation about a plugin for those platforms.
That's great. When will be the expected release?
  • #8,120
  • Aug 8, 2010 10:36am Aug 8, 2010 10:36am
Quoting Maxedout
That's great. When will be the expected release?
We are finishing some more advanced modules for our SMART VSA signals.

After this we will likely take a break, then start the porting process which could take some time.

The code is already in c so it should be fairly easy to port over but I can't say for certain how long it may take.
The trend always ends.
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