those who can, do. those who cant, talk about those who can
- #363,501
- Jan 12, 2011 5:00pm Jan 12, 2011 5:00pm
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
- #363,503
- Jan 12, 2011 5:03pm Jan 12, 2011 5:03pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
on your knees and crawl faster
- #363,504
- Jan 12, 2011 5:08pm Jan 12, 2011 5:08pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #363,505
- Jan 12, 2011 5:09pm Jan 12, 2011 5:09pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
About the only thing that you can tell by watching ANY volume in Forex is that there is volume... The rest, doesn't mean shit.
The peaks and valleys on volume are more indicative as to what session is trading then are of what direction price should be moving.
VSA for Stocks, can be of benefit, but as far as forex, you are still watching for more pattern then are of volume.
IMHO, VSA for Forex SUCKS HARD.
Which leaves you with the audience that you have, and the ability to tower over them, and swing whatever body extremity around, purporting to know all, while you remain capped in what you choose to know and learn, but far worse, potentially capping and misleading others due to your lack of knowledge. If only you knew how much you've said about yourself with that incorrect summary of VSA.
The actual bar volume levels are overall about one third of the whole VSA interpretation, as it is a bar's height &strength that's receiving the incurring volume, along with where it closed - that are the other crucial keys, and is the 'S' in VSA (Volume Spread Analysis). The bar to bar volume comes in and receives a relational assessment, against the backdrop of where the PA has gone. Asian volume almost always does way less than other session volumes, for a reason. When you interpret this against the background that each timeframe gives, you build a picture of intent, that shows more of Smart Money's cards. It gives you an edge, and you add it to your other tool and decision criteria that one uses.
FX volume is of course not centralized, and it is tick volume you see. If one trades with "Bob's MT4 B0rker House" which is tinkering with the volume they present you, in addition to the dealer plugin and other purposeful retailer impacting delays, then you're not really deserving of better - I have never understood why anyone would be with anything other than a top-tier broker. But, if you know your broker's liquidity pool is representative of a market maker like Citibank, you are also seeing big boy buys and sells. And, they don't move yards in 1 tick or 1 buy and sell - it takes lots of range entries; then they bring it back, and do it again, and again, frequently. You can also get the same VSA picture on currency futures, which are centralized.
Traders far more versed than I in VSA were calling the euro & sterling accumulation since last week; of my own, the youngest post listed below is 29hrs old. And low and behold, we're 200 pips up from there. Bottom line? Once you learn VSA, it works, and it rocks.
I might also add that each of the 3 blue bars after the last low showed obvious VSA signs of buyers, and textbook conditions for an expected move up - you don't usually get that many, but the results underline the conviction of the buying and pent up demand.
My take is the markets are waiting for all this bond auction stuff to hit this week - we should see a 200 pip or so move somewhere as a result.
Extremely interesting PA in GU. Absolutely no doubt the bottoms are being bought - but the rises are getting sold into. Buying interest - so far - seems to be doing a great job of recovering the PA ...
- #363,506
- Jan 12, 2011 5:12pm Jan 12, 2011 5:12pm
- Joined Jul 2010 | Status: Trader | 1,778 Posts
making green pips large and red pips small this is my goal.
- #363,509
- Jan 12, 2011 5:13pm Jan 12, 2011 5:13pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #363,510
- Jan 12, 2011 5:16pm Jan 12, 2011 5:16pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #363,511
- Jan 12, 2011 5:19pm Jan 12, 2011 5:19pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
Dick measuring anyone ?
measure your free margin
- #363,514
- Jan 12, 2011 5:23pm Jan 12, 2011 5:23pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
- #363,515
- Jan 12, 2011 5:24pm Jan 12, 2011 5:24pm
- | Membership Revoked | Joined Sep 2009 | 1,581 Posts
Ambition
- #363,516
- Jan 12, 2011 5:24pm Jan 12, 2011 5:24pm
- Joined Nov 2008 | Status: living deliberately | 11,122 Posts
- #363,517
- Jan 12, 2011 5:25pm Jan 12, 2011 5:25pm
- | Membership Revoked | Joined Sep 2007 | 4,407 Posts
Ignore button: check.
Hda: deserves a big round of applause for setting the standard for positive energy. Yes, even though I too have slung mud at him he did not take the bait. Keep up the good work, Hda.
- #363,520
- Jan 12, 2011 5:25pm Jan 12, 2011 5:25pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Ohhhhhhh that is so gross.LOLOL
