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Trading VSA the way NSK does

  • #301
  • Apr 20, 2011 3:32am Apr 20, 2011 3:32am
well 30 pips, quickly.
  • #302
  • Apr 20, 2011 3:36am Apr 20, 2011 3:36am
Quoting Cosmo
I have shorted G/U @ 6348, looking for a move down to POC @ 6314

Price is currently establishing its self @ POC from 15/04 which is 6347, when complete looking for a move down today.

POC= Point of Control

Mmmmm.... Still looking for 6314
  • #303
  • Apr 20, 2011 3:45am Apr 20, 2011 3:45am
Hi guys,
glad that some of you had my same thought.. trailing 25 behind.....
now I'm in a free trade with 36 locked in... I love it ....

BOOOMMM stopped out +36 ..... I'm more than happy, I call it a day see you tomorrow!!!

Have fun guys!

Regards and, like always Thanks to NSK!!!
brax64
  • #304
  • Apr 20, 2011 3:54am Apr 20, 2011 3:54am
Quoting Cosmo
Mmmmm.... Still looking for 6314

Sold E/U @ 4468 POC 15/04

TP @ 4373
  • #305
  • Apr 20, 2011 3:55am Apr 20, 2011 3:55am
Quoting brax64
Hi guys,
BOOOMMM stopped out +36 ..... I'm more than happy, I call it a day see you tomorrow!!!
fortune favours the brave!
  • #306
  • Apr 20, 2011 4:01am Apr 20, 2011 4:01am
Quoting brax64
Hi guys,
glad that some of you had my same thought.. trailing 25 behind.....
now I'm in a free trade with 36 locked in... I love it ....

BOOOMMM stopped out +36 ..... I'm more than happy, I call it a day see you tomorrow!!!

Have fun guys!

Regards and, like always Thanks to NSK!!!

Nice work indeed brax.

I traded the GU also
Volume dropping so placed a sell stop. The news helped...
It hit + 27 but I took 21 pips trailing the stop.
No stopping the Euro so nothing doing for the moment although Volume is slowing
Attached Image (click to enlarge)
Click to Enlarge Name: Example 12.jpg Size: 162 KB
  • #307
  • Apr 20, 2011 5:39am Apr 20, 2011 5:39am
I have never got to grips with volume but this thread has got my attention.

My understanding is we use the volume ma to look for the bottom of a retrace. Eg. ma falls & when it rises this shows trend may be resuming. Then we look at price action to find a good entry.

Have I got the simple part of this strategy right?

The arrows on the attached chart show change in vol ma direction.

Thanks for an interesting thread.

Zee
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15 wed.gif Size: 28 KB
  • #308
  • Apr 20, 2011 6:55am Apr 20, 2011 6:55am
Hi NSK

I was watching the EUR/US on both the 15 min and 5min charts today. I would appreciate your comments regarding the area marked with a red arrow on both charts as to what you see would get you into a trade and at what price. I was particularly interested in the 5min volume bars, one red, followed by a white, followed by a second red, just at the big lift off.

I appreciate your feedback.

Regards
Koh....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Apr. 20 17.54.gif Size: 18 KB
Click to Enlarge Name: ScreenHunter_03 Apr. 20 17.54.gif Size: 18 KB
  • #309
  • Apr 20, 2011 12:13pm Apr 20, 2011 12:13pm
Quoting Koh Samet
Hi NSK

I was watching the EUR/US on both the 15 min and 5min charts today. I would appreciate your comments regarding the area marked with a red arrow on both charts as to what you see would get you into a trade and at what price. I was particularly interested in the 5min volume bars, one red, followed by a white, followed by a second red, just at the big lift off.

I appreciate your feedback.

Regards
Koh....
Hi Koh Samet
The first red is under MA so ignore.
White is climax down and marks a bottom. (it also marks a continue of up trend - not appicable in this chart) and start of down (which is clearly not) so read as bottom (which it turned out to be!)
Next red is climax up and signals start of uptrend or top (which its not in this chart) or continue down trend (clearly not) so read as start of uptrend.
Could enter at close of red bar/candle.
or mayber the next pivot!
Thats my take on the 5 min chart.
But I'm new to VSA so pinch of salt and all that.
Perhaps NSK will correct me if I'm way out.
  • #310
  • Apr 20, 2011 3:17pm Apr 20, 2011 3:17pm
you may also change the period of moving average of the better volume indicator to 5 because we can clearly see that you have the default parameters
  • #311
  • Apr 21, 2011 12:54am Apr 21, 2011 12:54am
Quoting brax64
Hi guys,
glad that some of you had my same thought.. trailing 25 behind.....
now I'm in a free trade with 36 locked in... I love it ....

BOOOMMM stopped out +36 ..... I'm more than happy, I call it a day see you tomorrow!!!

Have fun guys!

Regards and, like always Thanks to NSK!!!

good work again Brax...
  • #312
  • Apr 21, 2011 12:55am Apr 21, 2011 12:55am
Quoting Cosmo
Sold E/U @ 4468 POC 15/04

TP @ 4373
well, i know its too late now....but selling euro anytime this week looks like suicide, irrespective of what volume or any other indicator says...
  • #313
  • Apr 21, 2011 12:57am Apr 21, 2011 12:57am
Quoting Koh Samet
Hi NSK

I was watching the EUR/US on both the 15 min and 5min charts today. I would appreciate your comments regarding the area marked with a red arrow on both charts as to what you see would get you into a trade and at what price. I was particularly interested in the 5min volume bars, one red, followed by a white, followed by a second red, just at the big lift off.

I appreciate your feedback.

Regards
Koh....
Koh,
to be very honest, i would have found it very difficult to find a good place to enter into a euro buy anytime yesterday....there wasnt even a small retrace of 20 pips at any point of time and the price simply kept going higher and higher for 200 pips...so either u had to stay out, as i did...or just blindly trust the trend and put a buy somewhere...it was just one of those days, that a buy, irrespective of the price would have made money....logic goes out of the window...
  • #314
  • Apr 21, 2011 2:01am Apr 21, 2011 2:01am
forget shorting the euro and the pound for now...close ur eyes, take a deep breath and just buy at some price...i am already in on euro from 4568 on euro and 6448 on the pound...
  • #315
  • Apr 21, 2011 2:53am Apr 21, 2011 2:53am
Took this GU trade very early this morning.

EMA34 shows trend is up, so looking for longs.
Vol ma declines from 3.30 BST (4.30 on chart) but starts to rise at 5.30 BST.
Looking for an entry, the 6.30 BST candle bounces off y's high / 25.
Enter at 16454 above R1. TP at 16475 (green rectangle). I should have stayed in but went off for some breakfast.

Would this be the sort of logic this system uses? To be honest, I would have taken the trade just looking at price action/sweet spots/pivots without consideration of volume.

Looking forward to learning something.

Zee
Attached Image (click to enlarge)
Click to Enlarge Name: gu m15 thurs1.gif Size: 37 KB
  • #316
  • Apr 21, 2011 6:23am Apr 21, 2011 6:23am
I sold to EU (against the trend).

My logic was
Price UP + volume down indicating a short.
Price hit MM resist line
Volume shows churn green bar (profit taking) so I expected to see a drop.
Prcie dropped to hit my sell stop.
I have +9 pips locked in and trade hit +23 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Example 13.jpg Size: 165 KB
  • #317
  • Apr 21, 2011 7:23am Apr 21, 2011 7:23am
Update on my EU short.

Trade continues south and now +30 pips locked in.
Currently + 44pips
Hitting a major MM 6/8th reversal line.

As I speak a white volume bar has arrived on the scene so this could be the end of this small down move so closed the trade at +40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: example 13 b.jpg Size: 159 KB
  • #318
  • Apr 21, 2011 7:25am Apr 21, 2011 7:25am
Quoting courtneywild
Update on my EU short.

Trade continues south and now +30 pips locked in.
Currently + 44pips
Hitting a major MM 6/8th reversal line.

As I speak a white volume bar has arrived on the scene so this could be the end of this small down move so closed the trade at +40 pips

well done courtney...really well done ....esp againt the trend...great...i didnt have the guts to go against the trend...made 101 pips on GU long and 59 pips on eu long...
  • #319
  • Apr 21, 2011 7:38am Apr 21, 2011 7:38am
Quoting ns_karthik
well done courtney...really well done ....esp againt the trend...great...i didnt have the guts to go against the trend...made 101 pips on GU long and 59 pips on eu long...
Thank you, I am working hard on this learning almost bar by bar, doing a lot of sceen stare and no action....

After a short uptick the EU is marching south again (rapid) so the white bar was a bit of a red hearing.

Your results are amazing... wow what a great day for you.
  • #320
  • Apr 21, 2011 12:41pm Apr 21, 2011 12:41pm
Hi Courtney,
great job, I like your approach, measured and well balanced.
May I ask you which period of the MM lines are you using?

Karthik, may you suggest some interesting reading about volume behavior?


Thank you all guys, this thread became every day precious source of information.

Regards

Quoting courtneywild
Update on my EU short.

Trade continues south and now +30 pips locked in.
Currently + 44pips
Hitting a major MM 6/8th reversal line.

As I speak a white volume bar has arrived on the scene so this could be the end of this small down move so closed the trade at +40 pips
brax64
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