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Trading VSA the way NSK does

  • #61
  • Apr 13, 2011 6:09am Apr 13, 2011 6:09am
I know its only one trade but...
Update on last post trade.

GU went to +17 pips
I moved stop to +5. This is until I develop more confidence with this system, and true to form its hit. However its +5 pip.

On reflection I should have taken the 17pips as the price was right on the MM bottom trading range line, see chart.... DOH...


Aslo EU: have placed a sell stop as price is UP volume is UP...
Price just reversed and placed me in a Sell.

Question When looking at volume do you use the MA to determine direction or trend line accross bars?

I need further help with when to enter and exit if anyone has some thoughts.

Thank you.

Courtney.
Attached Image (click to enlarge)
Click to Enlarge Name: example 2.jpg Size: 162 KB
  • #62
  • Apr 13, 2011 6:52am Apr 13, 2011 6:52am
very happy to see so many responses, especially from new members...appreciate...i will go thru each one of ur posts and i will answer them one by one....none of the questions will be left unanswered...dunt worry...
  • #63
  • Apr 13, 2011 7:37am Apr 13, 2011 7:37am
Quoting brax64
Hi NSK,

I'm amazed how for you is so simple to read the charts, I'm trying to grasp the volume concept but, honestly, I've to admit my ignorance.
I've seen several people in this thread attack you just only because you're trying to do something "easy" for anonymous "john doe" and this IMHO is not fear.
Anyway, could you please be so...
Brax,
not sure why u would want to watch the market from 4-6 am gmt...this is the time when the volume is low...why do u want to waste ur time in watching a market at low volume? its just a waste of time...start looking at 6am - 7 am gmt...look for an increase in volume...if there is still no increase in volume or if there is still no major change in price, just stay on the sidelines...

in the chart from 6.30 am to 7 am gmt, u see an increase in volume and sudden fall in price....start looking for longs...with tp of 20 pips only cos its still early in the session...

u can also see that price again came back to the lows (price at 7 am gmt) with even higher volume which means that it is good for another long...
  • #64
  • Apr 13, 2011 7:40am Apr 13, 2011 7:40am
Quoting courtneywild
Hi all great thread and thank you.

Just for clarity and to KISS

Price down + volume UP = potential price reversal UP

Price UP + volume UP = potential short

Price UP + Volume Down = Potential short as move up not supported.

Question Price down +volume down = not sure, potential long! any clues?

Also I always apply MM line to every chart. Amazing indi....
courtney,
u got most of the basics correct....final piece to the puzzle..

Price down +volume down - potential long as the move down is not supported by volume...

but one thing to keep in mind is the fact that all these are just 'potential' trades...u need to look out for things that could support this 'potential'...like price action or maybe add an indicator...whatever....
  • #65
  • Apr 13, 2011 7:41am Apr 13, 2011 7:41am
Quoting courtneywild
I know its only one trade but...
Update on last post trade.

GU went to +17 pips
I moved stop to +5. This is until I develop more confidence with this system, and true to form its hit. However its +5 pip.

On reflection I should have taken the 17pips as the price was right on the MM bottom trading range line, see chart.... DOH...


Aslo EU: have placed a sell stop as price is UP volume is UP...
Price just reversed and placed me in a Sell.

Question When looking at volume do you use the MA to determine direction or trend line accross bars?

I...
courtney,
i dont use trendlines....i use the volume MA to quickly know what kind of volume is there, whether there is low volume, or high volume or whether volume is decreasing or whether volume is increasing...just a quick glance at the MA gives a very good picture...
  • #66
  • Apr 13, 2011 7:42am Apr 13, 2011 7:42am
Quoting Knez
nsk,

I would appreciate if you can show more examples of your way of looking at volume for better understanding. You can do examples for past trades, but with specific bars and times in order to easily spot time of entries.

Thank you, and please continue.
yes knez,
will do...more examples coming up...
  • #67
  • Apr 13, 2011 7:45am Apr 13, 2011 7:45am
nsk

we usualy have movement after 5am gmt, as we had this morning .... maybe we are confused with the time .... for example now is 12:45 gmt ... so let's be sure that we are talking about same timing.




Quoting ns_karthik
Brax,
not sure why u would want to watch the market from 4-6 am gmt...this is the time when the volume is low...why do u want to waste ur time in watching a market at low volume? its just a waste of time...start looking at 6am - 7 am gmt...look for an increase in volume...if there is still no increase in volume or if there is still no major change in price, just stay on the sidelines...

in the chart from 6.30 am to 7 am gmt, u see an increase in volume and sudden fall in price....start looking for longs...with tp of 20 pips only cos its still early...
  • #68
  • Apr 13, 2011 7:52am Apr 13, 2011 7:52am
ok...here is another example....as u can see, i use most recent examples...the so-called gurus usually mislead the newbies by taking a chart from 1 yr back and showing how their system worked perfectly at that time....i dont tailor my system based on history...this just happens...

anyway, attached is the chart from 15M GU this Monday...my chart times are GMT + 2...so if it show 9 am, its 7 am gmt...

look at point A, on the price window and the volume MA window...sudden move down on the price + increase in volume....potential long...'potential' confirmed by price being near support + a pin bar (one at A and another a few bars later confirming longs even more)...go long...boom...take ur pick...20 pips or 30 pips or 40 pips or do u want 80 pips? u can take whatever number of pips that u want...thats the power of this system...maximum drawdown? even if u had entered at the high of the pin bar, max DD was 27 pips with potential returns of 80 pips...not bad...huh?

again, these are just basics...we are just getting started...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 13 KB
  • #69
  • Apr 13, 2011 7:56am Apr 13, 2011 7:56am
as i said, we are just getting started...i just showed a trade with a potential profit of 80 pips with DD of just 27 pips...further on, i will be showing how u can pinpoint ur entries so that the DD becomes lesser than 15 pips...and u can also pinpoint ur exits so that u can maximise profits....doesnt it sound like fun?
  • #70
  • Apr 13, 2011 8:00am Apr 13, 2011 8:00am
Is it this simple or am I missing something!

Three trades

Summary

 

  1. GU took +5 should have been +17

  1. EU Price UP volume Up so I placed a sell stop. Its hit and currently +15.8 moved stop to +5

  1. GU Price UP volume down so I placed a sell stop. Its hit current +13 moved stop to +5

Simple, calm and effective.... so far!

  • #71
  • Apr 13, 2011 8:04am Apr 13, 2011 8:04am
Quoting courtneywild
Is it this simple or am I missing something!

Three trades

Summary

 

  1. GU took +5 should have been +17

  1. EU Price UP volume Up so I placed a sell stop. Its hit and currently +15.8 moved stop to +5

  1. GU Price UP volume down so I placed a sell stop. Its hit current +13 moved stop to +5

Simple, calm and effective.... so far!

Courtney,
this system is indeed simple and effective....key here is not abt the system being effective...its about you...this system, like any other system, will fail a few times....once u fail once or twice, the fear starts....is the system right? am i seeing correctly? what if this happens? what if that happens? what will i do?? all those gremlins in ur mind start playing...

and thats where everyone fails...not cos the system is bad...but cos they cant control their own emotions...

this system works best for 30-40 pips a day...dont be greedy...and it works best from 6-7 am gmt to 12 noon gmt...before and after these times, it aint so effective...
  • #72
  • Apr 13, 2011 8:09am Apr 13, 2011 8:09am
Thank you so much for your input and replies... all noted and understood

Question: I use MM line on the charts... for S/R. Am I complicating your system or do you think they are helpful?



Quoting ns_karthik
Courtney,
this system is indeed simple and effective....key here is not abt the system being effective...its about you...this system, like any other system, will fail a few times....once u fail once or twice, the fear starts....is the system right? am i seeing correctly? what if this happens? what if that happens? what will i do?? all those gremlins in ur mind start playing...

and thats where everyone fails...not cos the system is bad...but cos they cant control their own emotions...

this system works best for 30-40 pips a day...dont be greedy...and...
  • #73
  • Apr 13, 2011 8:11am Apr 13, 2011 8:11am
Quoting courtneywild
Thank you so much for your input and replies... all noted and understood

Question: I use MM line on the charts... for S/R. Am I complicating your system or do you think they are helpful?

MM lines are indeed quite useful...as useful as fibos or the SR lines that you draw by hand....they just show regions of support and resistance..if u can use it as something to confirm the 'potential' longs and shorts, thats great....
  • #74
  • Apr 13, 2011 8:26am Apr 13, 2011 8:26am
hope i have answered everyone who has asked questions...lemme know if i missed someone...euro looks like being setup for a short....time will tell...
  • #75
  • Apr 13, 2011 8:39am Apr 13, 2011 8:39am
nsk,

can you show example please, what makes you think that euro is short now?

Thank you.

(maybe perfect time for another example, please)


Quoting ns_karthik
hope i have answered everyone who has asked questions...lemme know if i missed someone...euro looks like being setup for a short....time will tell...
  • #76
  • Apr 13, 2011 8:51am Apr 13, 2011 8:51am
Quoting Knez
nsk,

can you show example please, what makes you think that euro is short now?

Thank you.

(maybe perfect time for another example, please)
Knez,
do u have the euro chart? do u have the bettervolume indicator and the MA of the indicator setup? if yes, can u post the 1 H chart of that along with ur explanation of why i would have thought it to be good for a short?

i want participation and feedback....thats why i want u to take the effort...:-)...i am lazy u see...i need to trade and look after my business as well...
  • #77
  • Apr 13, 2011 9:10am Apr 13, 2011 9:10am
nsk,

here it is:

can you explaine please?



Quoting ns_karthik
Knez,
do u have the euro chart? do u have the bettervolume indicator and the MA of the indicator setup? if yes, can u post the 1 H chart of that along with ur explanation of why i would have thought it to be good for a short?

i want participation and feedback....thats why i want u to take the effort...:-)...i am lazy u see...i need to trade and look after my business as well...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #78
  • Apr 13, 2011 9:16am Apr 13, 2011 9:16am
Quoting Knez
nsk,

here it is:

can you explaine please?
thanks Knez...i had wanted an explanation from u but couldnt find it...but thats ok...look at the volume and price at around 14:00 - 17:00 on the chart yesterday and between 14:00 and 17:00 on the chart today...what do u see?

u see an increase in volume and price going up but stalling...same thing happened today as well...increase in volume, increase in price but stalling at the same point as yesterday...if the increase in volume was due to buying, price would have moved up...didnt happen....so there is huge selling...so u look for sells...

sell at 1.4490 with SL above recent highs...SL of around 30-40 pips...moved SL to BE now...took half off...rest free ride...
  • #79
  • Apr 13, 2011 9:30am Apr 13, 2011 9:30am
Subscribed & looking forward to more insights... Thanks NSK
  • #80
  • Edited 9:56am Apr 13, 2011 9:32am | Edited 9:56am
nsk,

thank you for the explanation ....

(nsk, if I new the explanation I wouldn't ask you for one )


Quoting ns_karthik
thanks Knez...i had wanted an explanation from u but couldnt find it...but thats ok...look at the volume and price at around 14:00 - 17:00 on the chart yesterday and between 14:00 and 17:00 on the chart today...what do u see?

u see an increase in volume and price going up but stalling...same thing happened today as well...increase in volume, increase in price but stalling at the same point as yesterday...if the increase in volume was due to buying, price would have moved up...didnt happen....so there is huge selling...so u look for sells...

sell...
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