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Trading VSA the way NSK does

  • #141
  • Apr 14, 2011 7:26am Apr 14, 2011 7:26am
Morning Karthik,
Trying to get my head around this concept...totaly new to me.
What is the value of having the second BV Indie with the bars set to black? Isn't the same 5 period MA info available on the first window with the bars visable?
If there is something else to see, please explain how this can be exploited.
Thanks much for exploring this subject.
FloorStalker

Quoting ns_karthik
Here is my first chart showing the setup. Not a big deal in the setup. This is an intra-day way of trading. You just need one indicator, the better volume indicator. It works best on the GBPUSD 15M chart.

When you add the bettervolume indicator, change the properties so that the moving average is set to 5.

You can see 2 indicator windows. First is the normal bettervolume indicator with no changes in any property.

Next window is the bettervolume indicator with all the colors of all the bars set to black (so that it becomes invisible in the...
I get exercise just pushing my luck
  • #142
  • Apr 14, 2011 7:51am Apr 14, 2011 7:51am
Quoting cce
Morning Karthik,
Trying to get my head around this concept...totaly new to me.
What is the value of having the second BV Indie with the bars set to black? Isn't the same 5 period MA info available on the first window with the bars visable?
If there is something else to see, please explain how this can be exploited.
Thanks much for exploring this subject.
FloorStalker
Hi CCE,
all the questions have already been answered in this thread and this thread is only 11 pages old...pls spend some time in reading thru it and i hope u will then understand everything...
  • #143
  • Apr 14, 2011 7:55am Apr 14, 2011 7:55am
Ok

So the GU trade is still open and went to +35pips retraced and is currently messing around the 6/8MM resitstence line. I move SL to protect +20pips so... happy with that.

The EU hit my buy stop and went to +18 and retraced a little, moved stop to +5 and now let it run.

Both trades are open but the volume is dropping (and its after 12 GMT as NSK states) but as I've locked in profit on both I'll let them run so I can analyse the volume on the eventual outcome and learn more just by viewing - if that makes sense.

Off to Dubai on the weekend for some patience pills.
Attached Image (click to enlarge)
Click to Enlarge Name: Example 7.jpg Size: 172 KB
  • #144
  • Apr 14, 2011 7:56am Apr 14, 2011 7:56am
sorry.
The red circles are buy stop levels and the entry point
  • #145
  • Apr 14, 2011 7:58am Apr 14, 2011 7:58am
Quoting courtneywild
sorry.
The red circles are buy stop levels and the entry point
awesome, once again !!
  • #146
  • Apr 14, 2011 8:00am Apr 14, 2011 8:00am
Karthik,
I have read through the thread...forward and backward before posting my question.
You said on the first page of the thread that the 5 MA period holds importatnt info.
I would like you to elaborate on your statement.
Why is having the 5 period MA on both charts useful?
Hope I've narrowed the parameters of my question and made it more clear.
Thanks much.
FloorStalker

Quoting ns_karthik
Hi CCE,
all the questions have already been answered in this thread and this thread is only 11 pages old...pls spend some time in reading thru it and i hope u will then understand everything...
I get exercise just pushing my luck
  • #147
  • Apr 14, 2011 8:04am Apr 14, 2011 8:04am
I forgot to mention

I bought the GU as the price was down and volume trending UP.
I bought the EU as the price was down and volume trending down
  • #148
  • Apr 14, 2011 8:14am Apr 14, 2011 8:14am
This is crazy and my last trades before I return my pips to the great pip gobbler...


Anyway... still letting them run.
Volume of GU still dropping so I am thinking price will soon follow as the UP trend is not sustainable!

Question for NSK: Is that correct?

Volume in EU is about level so it could go either way.
Attached Image (click to enlarge)
Click to Enlarge Name: Example 8.jpg Size: 169 KB
  • #149
  • Apr 14, 2011 8:29am Apr 14, 2011 8:29am
Thats very helful thank you. I try some fibs and T&M (test and measure)


Quoting Islander
currently in GU and +15 pips.
Nice, I was in too.....
Its heading towards a 6/8th MM major resit line but I'm just going to let it run and see how it pans out as the volume seems to be supporting the up move
QUESTION Is that making sense or otherwise re reading the volume?
On my 5m chart I had a high vol shooting star up into the MR 2 / fib 50% retrace ~ 6325 and that held price for a pull back to the confluence of yesterdays high and R1. My TP was there as I was having lunch!

It will likley reverse...
  • #150
  • Apr 14, 2011 8:52am Apr 14, 2011 8:52am
Quoting courtneywild
Thats very helful thank you. I try some fibs and T&M (test and measure)
You're welcome.......enjoy your trip to Dubai, but be warned, these pills are like Rocking Horse Manure - rather difficult to find.....
Trading Levels with WRBs
  • #151
  • Apr 14, 2011 8:54am Apr 14, 2011 8:54am



Quoting Islander
You're welcome.......enjoy your trip to Dubai, but be warned, these pills are like Rocking Horse Manure - rather difficult to find.....
  • #152
  • Apr 14, 2011 9:42am Apr 14, 2011 9:42am
Closed second half at 4413 (80 pips)
lost 27 in GU gain 100 in EU total 73 that's it for the day...

Thank you NSK!!!!!!

Quoting brax64
closed half position at 4472 (21 pips) sl at be... maybe can go down further..?
brax64
  • #153
  • Apr 14, 2011 10:02am Apr 14, 2011 10:02am
Quoting courtneywild
This is crazy and my last trades before I return my pips to the great pip gobbler...


Anyway... still letting them run.
Volume of GU still dropping so I am thinking price will soon follow as the UP trend is not sustainable!

Question for NSK: Is that correct?

Volume in EU is about level so it could go either way.
well, thats why i dont trade this after 12 AM GMT....cos using the same logic i would have expected price to come down with this strategy...but that has not happened and price keeps going up....thats why i dont trade this at these times...
  • #154
  • Apr 14, 2011 10:12am Apr 14, 2011 10:12am
Quoting brax64
Closed second half at 4413 (80 pips)
lost 27 in GU gain 100 in EU total 73 that's it for the day...

Thank you NSK!!!!!!
awesome brax....so happy for u...
  • #155
  • Apr 14, 2011 10:41am Apr 14, 2011 10:41am
great thread NSK!!!!

I be following from now on!!
  • #156
  • Apr 15, 2011 12:27am Apr 15, 2011 12:27am
My first VSA NSK trial: entered long after high volume (vertical line) appeared while price down. I waited for a retracement to near low of signal candle and jumped in. A fresh +12pips just in more than 15 minutes. During last 2 hours, low of signal candle still is good support. Because just take a trial to see how it works, i didnot follow the time rule: should trade from 7GMT onward.
Attached Image (click to enlarge)
Click to Enlarge Name: VSA15042011.jpg Size: 59 KB
  • #157
  • Apr 15, 2011 12:33am Apr 15, 2011 12:33am
Thing should be considered is that we may do counter-trend trading, while stoploss is too tight, we can easily be eaten out. Better should determine overall trend and apply this trading way according to favourable trend. When I writing this post, GU broken the support and down more. If i not TP with +12pips, I stopped out now.
  • #158
  • Apr 15, 2011 12:54am Apr 15, 2011 12:54am
Quoting Exciter135
Thing should be considered is that we may do counter-trend trading, while stoploss is too tight, we can easily be eaten out. Better should determine overall trend and apply this trading way according to favourable trend. When I writing this post, GU broken the support and down more. If i not TP with +12pips, I stopped out now.

good for u exciter....its always better to trade with the trend...

anyway, i guess u were quite lucky in getting a successful trade at low volume session...enjoyyy
  • #159
  • Apr 15, 2011 1:02am Apr 15, 2011 1:02am
I'd like to see that Pound come down into the 1.6300 area on High Volume
  • #160
  • Apr 15, 2011 1:06am Apr 15, 2011 1:06am
on a different note, i am amazed at the euro strength though there has been no special volume to support the upmove...
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