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Attachments: Trading VSA the way NSK does
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Trading VSA the way NSK does

  • #21
  • Apr 10, 2011 1:04pm Apr 10, 2011 1:04pm
Quoting ns_karthik
Hi Kinsale,
glad to see you here....i guess u have indeed jumped the gun a little bit....just allow me a few more posts to explain what i am trying to and then maybe we can discuss whether we do it the same way or different...i do agree that the concepts are going to be the same, whoever trades it but the things that u look for varies from trader to trader. For eg., i do not see NS, ND etc...i just enter when i believe its the right time...what i do is pretty simple application of VSA....easy for newbies to grasp....for those who have indepth knowledge...
Ok, fair enough, sounds good, i'll definitely keep an eye on the thread.

Cheers,

Liam
  • #22
  • Apr 10, 2011 1:06pm Apr 10, 2011 1:06pm
Quoting ns_karthik
Now, here is the way it is traded and i will try and put it in as simple words as possible...everyday, during the frankfurt and beginning of London session, you will see that there would be a rise in volume...that can be noted using the MA....in case there is no increase in volume, then there is something wrong...it could be a ranging day or no one is sure what is going to happen and hence we might have a choppy day...so if you dont see a clear increase in volume (MA sloping upwards), its better you stay out..

When the volume increases, note which...

If you're looking "during the frankfurt and beginning of London session" wouldn't you start looking at 0700 GMT, when Frankfurt opens?
  • #23
  • Apr 10, 2011 1:39pm Apr 10, 2011 1:39pm
err... had to comment on this

when volume increases and prices rises at frankfurt / london open this DOES NOT mean that sellers are there always. The only way that supply maybe hitting the markets is if the volume is abnormally high when compared to prior days at the particular time you are trading.
I have reviewed your posts and it has NOTHING to do with vsa perse. If you are going to try and mentor others at least understand what it is your are teaching , as newbies will be going off with the thoughts that they know vsa and in reality it is the frankie fake out that you seem to be playing and has nothing to do with vsa.

Please be very careful in what you post ,you may mislead others.

If traders really want to learn vsa , simple .. sign up for tradeguiders vsa club. $50 per month and the very best learning resource for vsa by far. They have 100's of webinars archived. I have not commercial interest in tradeguider ( disclaimer)

Quoting ns_karthik
Now, here is the way it is traded and i will try and put it in as simple words as possible...everyday, during the frankfurt and beginning of London session, you will see that there would be a rise in volume...that can be noted using the MA....in case there is no increase in volume, then there is something wrong...it could be a ranging day or no one is sure what is going to happen and hence we might have a choppy day...so if you dont see a clear increase in volume (MA sloping upwards), its better you stay out..

When the volume increases, note...
Blogging daily now at www.volume.zone
  • #24
  • Apr 10, 2011 1:43pm Apr 10, 2011 1:43pm
[quote=ns_karthik;4533954]its 10:45 PM here and i am out on a biz trip early tomorrow....will be back only late night tmrw...so keep your comments/questions coming and i will make sure that i answer each and every comment/question once i am back on Tuesday morning...[/quote
Do you think the volume we have avialable on mt4 or generaly in forex is good enough to take good desisions?
  • #25
  • Edited 4:19pm Apr 10, 2011 4:09pm | Edited 4:19pm
I want to follow along with you all.
Ron
  • #26
  • Apr 10, 2011 5:15pm Apr 10, 2011 5:15pm
I will follow along with interest
  • #27
  • Apr 11, 2011 11:27am Apr 11, 2011 11:27am
Quoting ns_karthik
well i was more interested on what was happening at around 8-9 GMT...
My mistake
Seek not to change the world; seek only to change your mind about the world
  • #28
  • Apr 11, 2011 6:14pm Apr 11, 2011 6:14pm
Hi can someone please post the bettervolume indicator for MT4 so I can try out this interesting method?
Regards
Ralph
  • #29
  • Apr 12, 2011 3:31am Apr 12, 2011 3:31am
for you...
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 660 downloads
  • #30
  • Apr 12, 2011 3:32am Apr 12, 2011 3:32am
Quoting Stumpy1
Hi can someone please post the bettervolume indicator for MT4 so I can try out this interesting method?
Regards
Ralph
here it is
Attached File(s)
File Type: mq4 BetterVolume 1.4.mq4   5 KB | 512 downloads
  • #31
  • Apr 12, 2011 3:56am Apr 12, 2011 3:56am
if you want the volume in the graphic ...
Attached Image (click to enlarge)
Click to Enlarge Name: vol.gif Size: 33 KB
Attached File(s)
File Type: mq4 BetterVolume ChartBars part1 1.4.mq4   5 KB | 612 downloads
  • #32
  • Apr 12, 2011 5:23am Apr 12, 2011 5:23am
thanks to all who replied
  • #33
  • Apr 12, 2011 6:32am Apr 12, 2011 6:32am
Interesting thread.. count me in !
  • #34
  • Apr 12, 2011 7:24am Apr 12, 2011 7:24am
Quoting malcolmb14
err... had to comment on this

when volume increases and prices rises at frankfurt / london open this DOES NOT mean that sellers are there always. The only way that supply maybe hitting the markets is if the volume is abnormally high when compared to prior days at the particular time you are trading.
I have reviewed your posts and it has NOTHING to do with vsa perse. If you are going to try and mentor others at least understand what it is your are teaching , as newbies will be going off with the thoughts that they know vsa and in reality it is...

Why is he missleading anyone with this idea ? Maybe this startegy doesnt work in the long run , but nevertheless no one needs to pay 50€ here to find out that all he is paying for is total nonsense.
  • #35
  • Apr 12, 2011 8:22am Apr 12, 2011 8:22am
Ho Karthik,
Count me in....

Velli
  • #36
  • Apr 12, 2011 10:03am Apr 12, 2011 10:03am
Hello friend ....

Your strategy has a potential ....

[ I have coded this strategy in Multichart like

Conditions

Timeframe: 1H

For Long:
1). MA of Volume Up [5 Period]
2). MA of Close UP [5 Period]
Stop Loss : 40 pips
Take Profit: 30 Pips

For Short:
Just Reverse Long

Without News Filter ]

I just looked for Drawdown ... It has only 5% Drawdown

Just base strategy showing positive results, that has more room to improve...

If we use some news filter and exit options other than fixed TP can hike results....

Attached File(s)
File Type: xls EURUSD VSA Trend Back-Testing Strategy Performance Report.xls   1.2 MB | 946 downloads


Regards

Arun....
  • #37
  • Apr 12, 2011 10:12am Apr 12, 2011 10:12am
Quoting arunsideas
Hello friend ....

Your strategy has a potential ....

[ I have coded this strategy in Multichart like

Conditions

Timeframe: 1H

For Long:
1). MA of Volume Up [5 Period]
2). MA of Close UP [5 Period]
Stop Loss : 40 pips
Take Profit: 30 Pips

For Short:
Just Reverse Long

Without News Filter ]

I just looked for Drawdown ... It has only 5% Drawdown

Just base strategy showing positive results, that has more room to improve...

If we use some news filter and exit options other than fixed TP can hike results....

Attachment

Regards

Arun....
Arun, I think you coded it in the reverse of the system rules.

If price and volume are up from 0800-0900 GMT, you go short.

If price is down and volume is up, you go long.

Am I mistaken?
  • #38
  • Apr 12, 2011 11:28am Apr 12, 2011 11:28am
Quoting billbss
Arun, I think you coded it in the reverse of the system rules.

If price and volume are up from 0800-0900 GMT, you go short.

If price is down and volume is up, you go long.

Am I mistaken?
No friend ...

Average Voume of current bar grater than previous average volume this is first condition ...
if MA > MA of previous bar then Long and
if MA < MA of previous bar then Short
in coding ....

[ if Avg_Volume > Avg_Volume[1] and Avg_MA > Avg_MA[1] then Long]

[ if Avg_Volume > Avg_Volume[1] and Avg_MA < Avg_MA[1] then Short]

Friend .... Leave it ... I just want to check the reliability, I coded and checked...


Happy Piping

Regards

Arun ...
  • #39
  • Apr 12, 2011 12:14pm Apr 12, 2011 12:14pm
Hi Arun,

How's things? I think Billbss is right, if you look at what nsk is saying, when volume is up and price is up, there is selling going on, therefore go short and vice-versa with respect to price direction.


See post 18, quoted below:
"When the volume increases, note which direction the price moves. When volume increases and price moves up, it means that lot of selling is happening as price moves up. So you can afford to short it with SL of 30-40 pips and TP of 30-40 pips...If the price goes down when volume is going up, then you start looking for longs..."



Regards
Pardy
  • #40
  • Apr 12, 2011 12:24pm Apr 12, 2011 12:24pm
Quoting Pardy
Hi Arun,

How's things? I think Billbss is right, if you look at what nsk is saying, when volume is up and price is up, there is selling going on, therefore go short and vice-versa with respect to price direction.
yes friend you are right....

Sorry friends ... I misunderstood....

ok Leave it ....

I ll check again after got clear rules from Karthik

Regards

Arun...
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