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vsa with Malcolm

  • #12,661
  • Feb 16, 2011 5:35am Feb 16, 2011 5:35am
Quoting KinsaleForex
The wide spread down on Cable 1hr had a lot of volume in it (do you have a chart?) This volume suggests potential hidden buying. If the next bar is up we can treat this as buying on the wide spread down and look for a potential long position.
The last 1Hr had a lot of volume... indeed it was a large bar... at what price was the most volume transacted at?

Wouldn't this information be more valuable that just saying it had a lot of volume.

Most of the volume in that bar could of been selling volume at 1.6150 for example.

Does this make sense?
  • #12,662
  • Feb 16, 2011 5:38am Feb 16, 2011 5:38am
Quoting Musashi
The last 1Hr had a lot of volume... indeed it was a large bar... at what price was the most volume transacted at?

Wouldn't this information be more valuable that just saying it had a lot of volume.

Most of the volume in that bar could of been selling volume at 1.6150 for example.

Does this make sense?
yes, thats why you break it down to 15m or 5m (or whatever so you can see what area had the volume....if it came in at the top then that's resistance that needs to be overcome, if it comes in at the bottom then you're looking for a no supply bar to set-up

so on gbpjpy the resistance is shown on the 5m quite clearly

so i'm looking for ND bars on the way up until it conquers this range...
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Catching a falling knife, no, I'm just trading the Gartley!
  • #12,663
  • Feb 16, 2011 5:40am Feb 16, 2011 5:40am
Quoting Musashi
The last 1Hr had a lot of volume... indeed it was a large bar... at what price was the most volume transacted at?

Wouldn't this information be more valuable that just saying it had a lot of volume.

Most of the volume in that bar could of been selling volume at 1.6150 for example.

Does this make sense?
Firstly i'm by no means a VSA expert so Malc or someone else may well be able to answer better but i'll give it a shot!

Yeah that makes sense. But this then moves us to the next point I made, if the next bar closes as an up bar (which it's looking like doing) then most of that volume can be contributed to buyers. If it was all selling then it would have continued on down. That's my understanding anyway.
  • #12,664
  • Feb 16, 2011 5:41am Feb 16, 2011 5:41am
Quoting Musashi
The last 1Hr had a lot of volume... indeed it was a large bar... at what price was the most volume transacted at?

Wouldn't this information be more valuable that just saying it had a lot of volume.

Most of the volume in that bar could of been selling volume at 1.6150 for example.

Does this make sense?
You can do one of two things, install a Market Profile POC indi such as the one Scrat uses. OR draw some horizontal lines across your chart where multiple price actions occur. (It's easier than you think). This will allow you to create zones where you can easier monitor future volume.
  • #12,665
  • Feb 16, 2011 5:43am Feb 16, 2011 5:43am
Quoting ChinaWombat
yes, thats why you break it down to 15m (or whatever so you can see what area had the volume....if it came in at the top then that's resistance that needs to be overcome, if it comes in at the bottom then you're looking for a no supply bar to set-up
Wouldn't it make more sense to look at the volume on a Tick Chart or Range Bar chart in that case?

By doing that you can see at what price the highest/lowest volume has taken place?
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  • #12,666
  • Feb 16, 2011 5:44am Feb 16, 2011 5:44am
On the other hand, Chunnel may be setting up for a short.
  • #12,667
  • Feb 16, 2011 5:50am Feb 16, 2011 5:50am
EU 2Range Chart, that is each bar is 2 pips in size.

Check the Volume Spikes..

Buying or Selling?
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  • #12,668
  • Feb 16, 2011 5:51am Feb 16, 2011 5:51am
Quoting Musashi
Wouldn't it make more sense to look at the volume on a Tick Chart or Range Bar chart in that case?

By doing that you can see at what price the highest/lowest volume has taken place?
i think it's already been pointed out to you the pointlessness of range bars in VSA....unless you want to develop a VRA methodology...market profile is also used by people for key volume points
Catching a falling knife, no, I'm just trading the Gartley!
  • #12,669
  • Feb 16, 2011 5:52am Feb 16, 2011 5:52am
Seeing as it's Volume Spread Analysis, using a range chart seems kinda pointless?
  • #12,670
  • Feb 16, 2011 5:53am Feb 16, 2011 5:53am
Quoting ChinaWombat
i think it's already been pointed out to you the pointlessness of range bars in VSA....unless you want to develop a VRA methodology...
Yes it has, which is why I want to discuss Volume with respect to where it is happening on the chart and not necessarily with respect to the shape of the bars and the volume.

If this is a total waste of time just let me know.
  • #12,671
  • Feb 16, 2011 6:01am Feb 16, 2011 6:01am
Quite high volume and price breaks down... selling i would say...
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  • #12,672
  • Feb 16, 2011 6:06am Feb 16, 2011 6:06am
Hi all,
I can see a clear case of a dearth of buyers on GU 30min tf.
I suggest taking a short at the close of this 30min bar and TP @ 1.6010
Bar already ended.
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  • #12,673
  • Feb 16, 2011 6:08am Feb 16, 2011 6:08am
Or maybe it is buying... someone is buying at these levels that's for sure.. and somebody is selling...

Whichever it is I'm exiting my position down here... +38 Pips = + 3.1 x risk
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  • #12,674
  • Feb 16, 2011 6:12am Feb 16, 2011 6:12am
Quoting Musashi
Or maybe it is buying... someone is buying at these levels that's for sure.. and somebody is selling...
well done, you've now proved to yourself the pointlessness of range bars or volume without respect to what has happened to price bars in the past and current...suggest you study MTM and not just read it...
Catching a falling knife, no, I'm just trading the Gartley!
  • #12,675
  • Feb 16, 2011 6:13am Feb 16, 2011 6:13am
Quoting Musashi
Or maybe it is buying... someone is buying at these levels that's for sure.. and somebody is selling...

Whichever it is I'm exiting my position down here... +38 Pips = + 3.1 x risk
very impressive...absolutely impressive...I am very impressed
The Market pays you to be disciplined
  • #12,676
  • Feb 16, 2011 6:16am Feb 16, 2011 6:16am
Check out Cable 15m
  • #12,677
  • Feb 16, 2011 6:17am Feb 16, 2011 6:17am
Quoting duyk20
Check out Cable 15m
Looks like a test to me
  • #12,678
  • Feb 16, 2011 6:18am Feb 16, 2011 6:18am
Quoting ChinaWombat
well done, you've now proved to yourself the pointlessness of range bars or volume without respect to what has happened to price bars in the past and current...suggest you study MTM and not just read it...
Listen you are missing my point... you can see now on the chart where most of the volume is taking place and at what price more closely.

Now you can use this information and combine that with your usual analysis based on the VSA 5min, 15min etc

Do you think knowing where most of the volume transaction are taking place is pointless?

If so then I guess I'm wasting my time and your time.
  • #12,679
  • Feb 16, 2011 6:51am Feb 16, 2011 6:51am
http://www.traderstruthrevealed.com/...recht_0310.pdf
  • #12,680
  • Feb 16, 2011 6:58am Feb 16, 2011 6:58am
Arguing over bars is pretty pointless considering they contain the same information, just packaged differently. If you truly understand the underlying action, the type of chart shouldn't really matter. Obviously, time bars will be easiest to follow for most in a VSA thread.
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