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Trading VSA the way NSK does

  • #241
  • Apr 19, 2011 1:50am Apr 19, 2011 1:50am
Quoting courtneywild
Morning NS
Yes
market order for EU hit currently at +2
market order for GU not hit
I place my MO at last high/low of channel and this can mean I miss some pips but I feel it gives room for momentum to gather... (or not)
waiting.
Thanks for answering the q from whatfx friday ... I was not on the forum.

Question. I missed the explanation of coloured bars in volume... any pointers please?
ok, here we go with the first advanced stuff....i look at only red and white colored bars...these are bars with high volume and their low and high are important....and their close is even more very important...now a question to u...

go to 5 M chart of GU for today....look a few bars back and look for a high volume bar...does that give u a hint on why i entered at 6233?
  • #242
  • Apr 19, 2011 1:57am Apr 19, 2011 1:57am
Quoting ns_karthik
not sure whether any of u guys caught it....sudden move down in GU and EU with volume MA rising...good for long and we are up 15 pips...
you bet - posted this elsewhere....

The rising volume MA - set to 5 - warned that this drop could be expected to turn, so it was an easy buy off the earlier low support - or wait for the 1 min HL.....exit around the earlier high at the DOpen level.....
Trading Levels with WRBs
  • #243
  • Apr 19, 2011 2:01am Apr 19, 2011 2:01am
Quoting Islander
you bet - posted this elsewhere....

The rising volume MA - set to 5 - warned that this drop could be expected to turn, so it was an easy buy off the earlier low support - or wait for the 1 min HL.....exit around the earlier high at the DOpen level.....
indeed Islander....great that u got it...:-)
  • #244
  • Apr 19, 2011 2:03am Apr 19, 2011 2:03am
Is it the pin bar?
Price spikes up and retraced slightly lower than open so effectivly price was down with up volume!



Quoting ns_karthik
ok, here we go with the first advanced stuff....i look at only red and white colored bars...these are bars with high volume and their low and high are important....and their close is even more very important...now a question to u...

go to 5 M chart of GU for today....look a few bars back and look for a high volume bar...does that give u a hint on why i entered at 6233?
  • #245
  • Apr 19, 2011 2:04am Apr 19, 2011 2:04am
HI NSK,

Firstly great thread that I started to read over on the weekend. I've never traded this way before so I'm intrested in how this goes. Ok firstly I was surprised why you entered at 1.6233 as I'm testing the method my entry would have been at 1.6239 as I wait for a bar to close the shape and where it closes is very important. My question is even on your chart for GU 15m I see the volume bar arrangemnet sligtly differnt to mine and I also am using alpari uk. On the 5 min the red bar appears at 8.25 GMT the low and open of this bar was around 1.6239. Can you shed some light.





Quoting ns_karthik
ok, here we go with the first advanced stuff....i look at only red and white colored bars...these are bars with high volume and their low and high are important....and their close is even more very important...now a question to u...

go to 5 M chart of GU for today....look a few bars back and look for a high volume bar...does that give u a hint on why i entered at 6233?
  • #246
  • Apr 19, 2011 2:14am Apr 19, 2011 2:14am
Quoting courtneywild
Is it the pin bar?
Price spikes up and retraced slightly lower than open so effectivly price was down with up volume!
nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..

i consider this bar as a controlling bar...the high and low of this bar controls future price movements...since this is a 5M chart, this bar controls price movements atleast for the next hour...

u see that the bar after the bar marked A, break the low/close of bar A...if we are looking for shorts, then a break of the low of bar A and retest of the low would have been a very good place to short...

but in our case, we are looking for longs...so we wait...the next bar 'B' breaks above and closes above the low of bar A...that gives confidence that we should indeed be looking for longs....the bar after that (C) retests the low of bar A and that is the ideal entry for longs...enter long on retest of low of bar A(white volume bar)..

this helps us pinpoint entries....u can have a SL which is just below the recent low...in this case the SL would have been 6-7 pips but the DD would have been 0 pips....so u get an entry with SL of 7 pips and returns of 20-30 pips....not bad...right??
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 14 KB
  • #247
  • Apr 19, 2011 2:21am Apr 19, 2011 2:21am
Quoting ns_karthik
nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..

i consider this bar as a controlling bar...the high and low of this bar controls future price movements...since this is a 5M chart,...

we still havent broken the low of bar A and we have had another retest of the low abt 10 mins back..
  • #248
  • Apr 19, 2011 2:28am Apr 19, 2011 2:28am
[quote=ns_karthik;4554459]nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..


Nice, logical, simple to understand, limited time frame , very very thanks nsk. opening eyes for the vsa in a new view, sorry simple view. pinpointing the entries. expecting more insight from u
regards
  • #249
  • Apr 19, 2011 2:44am Apr 19, 2011 2:44am
Very interesting and I now need to re read and study this quite a bit....
i feel I have a way to go!!!






Quoting ns_karthik
nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..

i consider this bar as a controlling bar...the high and low of this bar controls future price movements...since this is a 5M chart,...
  • #250
  • Apr 19, 2011 2:51am Apr 19, 2011 2:51am
EU currently +26 still going. Stop moved to +10.

GU went to +12 moved stop to BE and taken out for 0. and as i type its back in my direction... where have I heard that before. Maybe premature in moving Stop up to BE.

OK going back to study your post re the 5 min chart.
Attached Image (click to enlarge)
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  • #251
  • Apr 19, 2011 2:51am Apr 19, 2011 2:51am
[quote=bhkkrishna;4554506]
Quoting ns_karthik
nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..


Nice, logical, simple to understand, limited time frame , very very thanks nsk. opening eyes for the vsa...
all this is a combination of various stuff that i have read and practised over the last many yrs...volume, vsa, wrbs etc...even without any of these advanced techniques, this is a pretty good system....
  • #252
  • Apr 19, 2011 2:52am Apr 19, 2011 2:52am
I asked a relatively simple question no answer can somebody please explain to me why where NSK has marked point A there in the better volume window on GU 5m he has a white bar, I've tested now on two differnt platforms and I do not see a white bar where has marked A. I would appreciated an answer.

Quoting ns_karthik
nope....look at the bar marked A....this is on the 5M chart...using the 15M chart, i first decide whether to look for longs or shorts...in this case, with sudden down move and increase in volume MA, i am looking for longs...then i switch to 5M chart and look for recent white or red bars...in this case, i find a white bar, marked 'A'....the close price and the low price are the same...this is a very important bar..

i consider this bar as a controlling bar...the high and low of this bar controls future price movements...since this is a 5M chart,...
  • #253
  • Apr 19, 2011 2:54am Apr 19, 2011 2:54am
Quoting courtneywild
Very interesting and I now need to re read and study this quite a bit....
i feel I have a way to go!!!

great courtney....but keep in mind...analysing is one thing but trading the analysis is entirely another...sometimes, knowing a lot might confuse some people...so be a bit careful...if the basics are enough and u do well with it, maybe its better to stick with just the basics and trade it the way u want it rather than complicate it...

this is just a general piece....not specific to anyone....
  • #254
  • Apr 19, 2011 2:55am Apr 19, 2011 2:55am
Quoting kdx
I asked a relatively simple question no answer can somebody please explain to me why where NSK has marked point A there in the better volume window on GU 5m he has a white bar, I've tested now on two differnt platforms and I do not see a white bar where has marked A. I would appreciated an answer.
the bar sizes and colors would vary from platform to platform....can u post ur 5M chart?
  • #255
  • Apr 19, 2011 2:59am Apr 19, 2011 2:59am
Hi NSK

I read your/this thread over the weekend and find your take on VSA very interesting. This is my first intro to VSA. What I like about it is reflective of what is happening at the present time in the market (unlike lots of other indicators which are lagging). Your most recent trade example is very clear and concise. I have reviewed the EUR/USD for the same timetrame and notice the excat same thing happened which would of resulted in a very good R:R long trade.

I will be following along and learning from you. Keep up the good work.

Regards
Koh.....
  • #256
  • Apr 19, 2011 3:03am Apr 19, 2011 3:03am
Quoting Koh Samet
Hi NSK

I read your/this thread over the weekend and find your take on VSA very interesting....
thanks Koh...yes the exact same thing happened in eurusd as well...u can check the same for other days as well...would be an interesting exercise....
  • #257
  • Apr 19, 2011 3:06am Apr 19, 2011 3:06am
Ok attached is my GU chart on 5m, the platform is alpari uk, I've also tested it on fxpro and it looks the same. The vertical dotted line denotes where you marked point A and in the better volume window in your chart that bar was white.




Quoting ns_karthik
the bar sizes and colors would vary from platform to platform....can u post ur 5M chart?
Attached Image (click to enlarge)
Click to Enlarge Name: vsa.gif Size: 25 KB
  • #258
  • Apr 19, 2011 3:08am Apr 19, 2011 3:08am
Quoting kdx
Ok attached is my GU chart on 5m, the platform is alpari uk, I've also tested it on fxpro and it looks the same. The vertical dotted line denotes where you marked point A and in the better volume window in your chart that bar was white.

whats the lookback parameter on ur BV indicator?
  • #259
  • Apr 19, 2011 3:11am Apr 19, 2011 3:11am
Thats set to 20 I've only changed the MA period to 5 which you mentioned in your earliar posts.

Thanks


Quoting ns_karthik
whats the lookback parameter on ur BV indicator?
  • #260
  • Apr 19, 2011 3:13am Apr 19, 2011 3:13am
very nice...but my white bar happened 4 bars before NSK's, I'm with FXPro.

edit: sorry,this post took a long time to appear, it's way out of sequence.
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