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Trading VSA the way NSK does

  • #81
  • Apr 13, 2011 9:38am Apr 13, 2011 9:38am
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...

short working just fine...
  • #82
  • Apr 13, 2011 10:18am Apr 13, 2011 10:18am
Hi NSK - interesting thread you've started

I'm all for a KISS approach to using VSA / volume so I'll drop by when I have a moment and see if I can make the odd on topic post

Best regards

Islander
Trading Levels with WRBs
  • #83
  • Apr 13, 2011 10:45am Apr 13, 2011 10:45am
Is it possible to use this method any other time of the day? I live in GMT minus 7. So it is kind of hard for me to be awake at that time period..LOL.
  • #84
  • Apr 13, 2011 11:06am Apr 13, 2011 11:06am
Quoting Islander
Hi NSK - interesting thread you've started

I'm all for a KISS approach to using VSA / volume so I'll drop by when I have a moment and see if I can make the odd on topic post

Best regards

Islander
thank u sir....u have encouraged all my threads so far though i havent even bothered to say a 'Hi' now and then to u.....i know thats very bad of me..thanks a lot for ur support...do drop in when u have the time...
  • #85
  • Apr 13, 2011 11:18am Apr 13, 2011 11:18am
Quoting iferdous
Is it possible to use this method any other time of the day? I live in GMT minus 7. So it is kind of hard for me to be awake at that time period..LOL.
hi....i do understand the problem....but i have noticed that this strategy works best in the times that i have mentioned...
  • #86
  • Apr 13, 2011 11:19am Apr 13, 2011 11:19am
Quoting ns_karthik
short working just fine...
used the same strategy on 1H and am up now + 60 on the eurusd short...
  • #87
  • Apr 13, 2011 12:21pm Apr 13, 2011 12:21pm
nsk,

although you mention that this system is best for the London/Frankfurt morning trade, seems like that this is good to trade on 1h time frame all day long ... thus one would appreciate if you pass to us what you see, so we can read the volume on the way that you do it.

Thank you, and please continue with your explanation and examples with little bit more details.


Quoting ns_karthik
used the same strategy on 1H and am up now + 60 on the eurusd short...
  • #88
  • Apr 13, 2011 3:41pm Apr 13, 2011 3:41pm
Hi NSK thanks for a great thread.
Looking forward to find more about your system.

Can you please post some explanations about the volume indi. about the bar's different colors and their relative position to MA .
I didnt understand, why do u need the MA indi (the lower one where you have only MA) ? its look like the same
MA on the volume indi with bars.
One more question about volume analisis. is it effective on all TF or on lower ones its less accurate?

thanks and good luck with your thread.
  • #89
  • Apr 13, 2011 10:04pm Apr 13, 2011 10:04pm
ok, here is another example from last week (7th April)....look at point A....its at 6 am gmt....price suddenly falling down....increase in volume...so potential long....'potential' confirmed by price dropping into support (point B)....so u can enter with SL of just 20-30 pips....once u enter, boom.....price goes up and it goes up 70 pips...u can again take ur pick....you can get out with 20 pips or 50 pips or any amount...if u r very good, u can get at right at the top with 70 pips....clean and simple...
Attached Image (click to enlarge)
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  • #90
  • Apr 13, 2011 10:05pm Apr 13, 2011 10:05pm
nsk,

can you please make some live examples of today trade please, with exact explanation?

Thank you.
  • #91
  • Apr 13, 2011 10:07pm Apr 13, 2011 10:07pm
Quoting rocketor
Hi NSK thanks for a great thread.
Looking forward to find more about your system.

Can you please post some explanations about the volume indi. about the bar's different colors and their relative position to MA .
I didnt understand, why do u need the MA indi (the lower one where you have only MA) ? its look like the same
MA on the volume indi with bars.
One more question about volume analisis. is it effective on all TF or on lower ones its less accurate?

thanks and good luck with your thread.
hi rocket...i wouldnt want to comment on the colors of the indicator...u need to search for the indicator at FF and there would be a PDF which explains the colors...the MA which u see in a separate window is the same one which u see on the bettervol indi window...i just put it on a separate window so that it is easy and clear to see without all the bars in between...

the volume anals seems to be more effective on lower TFs like 15M and 1H than on 4H or 1 day....
  • #92
  • Apr 13, 2011 10:08pm Apr 13, 2011 10:08pm
Quoting Knez
nsk,

can you please make one example of today trade please, with exact explanation.

Thank you.
sure Knez...no trades for today for now...lets see if we get one...
  • #93
  • Apr 13, 2011 11:00pm Apr 13, 2011 11:00pm
attached is the current chart.....sudden move up, increase in volume...'potential' short....confirmed by price being in resistance region...so short with SL of 15-20 pips...we are trading against the trend...so we might end up in loss...but thats ok....it happens if it happens...we are looking for only 20-25 pips as its early and we r trading against the intra-day trend...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #94
  • Apr 13, 2011 11:11pm Apr 13, 2011 11:11pm
Hi NSK

Glad to had your same thought; already enter in this (scaring...) trade with 25 SL just above R2, 32 TP at round number....
Attached Image (click to enlarge)
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brax64
  • #95
  • Apr 13, 2011 11:28pm Apr 13, 2011 11:28pm
boom...SL hit...-20 pips...:-)
  • #96
  • Apr 13, 2011 11:28pm Apr 13, 2011 11:28pm
it didn't worked out...
brax64
  • #97
  • Apr 13, 2011 11:30pm Apr 13, 2011 11:30pm
Quoting brax64
Hi NSK

Glad to had your same thought; already enter in this (scaring...) trade with 25 SL just above R2, 32 TP at round number....

good...guess ur SL got hit....happens...market is very choppy....going down 50 and then rising 120 all during asia, a low volume session...thank goodness we have SLs...
  • #98
  • Apr 13, 2011 11:30pm Apr 13, 2011 11:30pm
Quoting ns_karthik
boom...SL hit...-20 pips...:-)

nsk,

please correct me if I am wrong, but with this method you are trying to catch bottom or top?
  • #99
  • Apr 13, 2011 11:37pm Apr 13, 2011 11:37pm
Quoting Knez
nsk,

please correct me if I am wrong, but with this method you are trying to catch bottom or top?

both!!!
  • #100
  • Apr 13, 2011 11:50pm Apr 13, 2011 11:50pm
Pin bar forming in EU 1H time frame also triple top I'm trying to short it, volume rising in the last couple of hour now is lowering,we can assume that the up move is not supported?
brax64
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