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Trade Using VSA (Volume Spread Analysis)

  • #8,241
  • Nov 5, 2010 8:52am Nov 5, 2010 8:52am
Quoting apple_sauce
sorry i meant to say selling climax not stopping volume.
Sorry I missed this. If it were a valid signal SMART would paint it so something didn't match. I can take a better look once I am back. You may also want to check your template, I know from doing support some people turn individual modules off sometimes and forget to turn them back on.

Submit a ticket with the pair and timeframe so I can check it out.

Thanks
The trend always ends.
  • #8,242
  • Nov 10, 2010 7:49pm Nov 10, 2010 7:49pm
This matter comes up again and again in here and the chat so I am just going to paste it in every few dozen pages or so.

I always say that volume in between Forex brokers is relational. What I mean is that if you are using a fairly large broker or ECN broker then typically even though the volume amounts might be different between them the bars are relationally the same.
IE a no demand bar on one broker is typically a no demand on another broker.
The only times I find this might go awry is during what we call Dead Zones (Lower than average volume/activity periods) but I would say you shouldn't trade during these periods anyway.

That said I find Broco (BrocoTrader Platform) to be an excellent source for volume as is FXPro and FXCM etc

Good luck trading and see you in the chat.
The trend always ends.
  • #8,243
  • Nov 12, 2010 3:09pm Nov 12, 2010 3:09pm
I have tried a bunch of brokers for better volume feed...

PFG is very stable and reliable.
  • #8,244
  • Edited 9:43am Nov 16, 2010 9:16am | Edited 9:43am
I did some updates to the long term VSA post at the posterous site:

Original post: http://pipbuilders.posterous.com/sma...-usd-demo-test

One day update: http://pipbuilders.posterous.com/upd...eekly-long-usd It's actually about 350ish now but bouncing a bit.

EDIT Again: +520 now

For those of you pming about alerts... update SMART. We've had audio alerts for a while now and pop alerts and email alerts will be in the next update. I think one or two newer modules (SMART VSA signals might not have them though) I will also double check and if not I will post instructions on how to edit not only those but any audio alerts within SMART. I recommend foghorn sounds for the spinning rowboat. LOL

Good luck trading and see you in the chat.
The trend always ends.
  • #8,245
  • Edited 10:47am Nov 16, 2010 10:12am | Edited 10:47am
Closed long term usd for +650. (actually 660ish and not bad for one day) Will post an update to the posterous and chat and link it in a few.

Edit: Link: http://pipbuilders.posterous.com/upd...kly-long-usd-0

Good luck trading.
The trend always ends.
  • #8,246
  • Edited 3:59am Nov 17, 2010 3:34am | Edited 3:59am
Just a quick post to let you know what you missed not coming into the free VSA chat today.

Time is EST AM and first call was made at around 3:00 AM EST so 1 1/2 hours total before I decided to head off.

(04:22:14) Me: not digging the pa on aus and getting tired
(04:22:19) Me: closed for 52 ish
(04:22:31) Me: total for tonight (actually 1.5 hours) live calls in here was...
(04:22:55) Me: 187.10
(04:22:58) Me: pips
(04:23:14) Me: and for the week (Sunday night)...
(04:23:47) Me: 1016 pips

The chat is free to anyone interested in learning VSA and everyone is welcome (be warned it is moderated so no funny business).

Chatroom Here (pick a real username as vsa names are kicked randomly by our bot Shamoose)

Edit: First trade of week was done on the 15th actually, so Monday not Sunday as quoted from the chat.

Off for a bit. Good luck trading and see you in that chat.
The trend always ends.
  • #8,247
  • Nov 17, 2010 4:18am Nov 17, 2010 4:18am
Some commands for the bot (mentioned in my last post): (type them in the chat and it will respond with a link or message)

VSA articles (Useful articles by one of the best VSA traders in the World)
VSA Thread (links you here)

And just for fun type these:

Pairs Thread
Jitu
Goodbye
be right back
picture tennis

Any word with max in it like climax or get the same result typing french. (inside joke)

and the all time chatroom favorite 1.5 years running...

vsa supersonic

Enjoy and have a good night. See you in NY
The trend always ends.
  • #8,248
  • Edited 10:21am Nov 17, 2010 10:03am | Edited 10:21am
I took a couple of hidden buying trade signals last night and today in both AUS and NZD (called live in the chat). There were two nice ones on Aus but I missed one of them while I was off.

I closed this one (NZD) on hidden buying for 70ish at the end of the effort to rise (green bar) on the hourly chart.

http://content.screencast.com/users/...11-17_1049.png

I am off for a bit but good luck trading and see you in the chat.

Note: For testing Hidden Buying and Hidden Selling use the same colors as existing signals so if you are using SMART don't get worried, it's a test version I use.

EDIT: While writing this post the new candle formed and we now have a SMART VSA Spinning Rowboat on H1 AUS (Spinning Rowboat is a Multiple Bar VSA Pattern which indicates weakness). Ideally the second bar of the pattern should be a down bar (check your advanced module settings for this signal filter) which it isn't and I am off for now so not taking it.
The trend always ends.
  • #8,249
  • Nov 18, 2010 3:09pm Nov 18, 2010 3:09pm
hello, first forgive me for my English, I find your perfect job, I would like to know how to test your work, is to send me a link to download the update indicator to test?

I look back. thanks
  • #8,250
  • Nov 18, 2010 6:48pm Nov 18, 2010 6:48pm
Everything you need to learn VSA is in the first post of this thread (under resources) You are welcome to join us in the chat as well.

The chat link is in a post a few up from this one.
Signal explanations and setups are posted all the time to the posterous site.

Good luck trading and see you in the chat.
The trend always ends.
  • #8,251
  • Nov 22, 2010 3:17pm Nov 22, 2010 3:17pm
Multiple Charts detailing the SMART/VSA Shakeout Signal on H1 and a few others as well. (SOW and True RUT)

Rather than convert the post to forum code I am posting the link
The trend always ends.
  • #8,252
  • Nov 22, 2010 5:04pm Nov 22, 2010 5:04pm
Quoting Shamus
Multiple Charts detailing the SMART/VSA Shakeout Signal on H1 and a few others as well. (SOW and True RUT)

Rather than convert the post to forum code I am posting the link
Hi Shamus, it looks like those are futures charts you're showing. Have you noticed any difference in the way VSA signals apply to futures volume versus the usual forex tick volume?

Although the volumes on futures and spot are usually similar, there are sometimes substantial differences. I wonder if waiting til a signal occurred on both instruments would be a good way to confirm trades?

Also can you give any feedback on Broco as a broker? I'm guessing you have a live account there in order to be able to receive all those symbols. (My Broco demo account only shows a few futures symbols)

Thanks
  • #8,253
  • Nov 22, 2010 8:12pm Nov 22, 2010 8:12pm
Quoting GoldStandard
Hi Shamus, it looks like those are futures charts you're showing. Have you noticed any difference in the way VSA signals apply to futures volume versus the usual forex tick volume?

Although the volumes on futures and spot are usually similar, there are sometimes substantial differences. I wonder if waiting til a signal occurred on both instruments would be a good way to confirm trades?

Also can you give any feedback on Broco as a broker? I'm guessing you have a live account there in order to be able to receive all those symbols. (My Broco...
I do not use broco live. You can get all the symbols (in any mt installation/demo) by right clicking in the market watch window and selecting "show all" Use the broco trader platform too.
The trend always ends.
  • #8,254
  • Nov 23, 2010 3:48am Nov 23, 2010 3:48am
Chat transcript of last trade called in free chat tonight using SMART/VSA closed

(04:42:45) Me: closed long yen at 100ish and total for tonight was
(04:43:00) Me: 268+
(04:43:13) Me: same for week as I did not trade last night
(04:43:23) Me: now I can go to bed
(04:43:31) Me: good night guys and see you in NY
(04:43:39) Me: as always good luck trading

Same goes for you guys.
The trend always ends.
  • #8,255
  • Nov 24, 2010 12:39am Nov 24, 2010 12:39am
nice n interesting thread
  • #8,256
  • Nov 29, 2010 9:21am Nov 29, 2010 9:21am
Subscribed.
  • #8,257
  • Dec 3, 2010 8:51am Dec 3, 2010 8:51am
Sorry for the lack of posting in here guys. I had some computer problems this past week.

Here are the results of some new trades done this morning and called live in the group. Just over 600 pips in 30ish minutes combined Total for week was only 1000+ but I was out a majority of it. I also posted up an ES mini chart of a trade done privately.

Post Here

Have a great weekend and see you in Asia.
The trend always ends.
  • #8,258
  • Dec 4, 2010 8:42pm Dec 4, 2010 8:42pm
Has anyone been able to add the audio alert for climax up/down candle for the better volume on chart 1.4?

Would appreciate it if someone could post it.
  • #8,259
  • Dec 6, 2010 10:55am Dec 6, 2010 10:55am
Nice indi - market profile.
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 the Asia session

Europe_Color...
  • #8,260
  • Edited 11:39am Dec 6, 2010 11:24am | Edited 11:39am
Hi Shamus,

I posted a ticket but where can I see the ticket id? I can't get pass the authentication.

I just thought I'm going to ask my question here. Anybody who uses SMART may answer. As i look at charts posted in posterous I see that every time SMART prints a Test of supply bar the next bar is an upbar. Is this the case and does SMART paint Test of supply bar right after it closes (when the next bar opens) ?

I would really appreciate your answers.
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