VSA/Wyckoff Simplified | Forex Factory

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VSA/Wyckoff Simplified

  • #1
  • First Post: Edited Oct 15, 2015 12:32am Aug 8, 2012 11:43am | Edited Oct 15, 2015 12:32am
I've started this new thread because I don't have time to post every trade I take in my journal. I am going to just share my method of trading and help people better understand it. I'll re-post these set ups with their explanations to get the thread going. I would like to see people contribute or ask questions so that we can get a good thread going.



Set Up 1
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Set Up 2
Very straight forward set up. Saw a stopping volume on the 1 hour with a bullish reaction. Then stopping volume on the 5 minute with a no supply confirmation which is when I entered the trade. My trailing stop loss was hit off the rejection of the high of the day.
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Set Up 3
Caught this set up yesterday(Monday) on AU. Got stopping volume in the 1 hour followed by the up-reaction confirmation. The no supply was confirmed on the candle that closed above the no supply candle which is where I entered the trade. Eventually high volume came in with large pins on up candles which meant that there was supply comming. This led to the no demand. My exit was on the close of the down candle that confirmed the no demand.
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  • #2
  • Aug 8, 2012 12:06pm Aug 8, 2012 12:06pm
can you post please the vol indicator?
Iam just A pips on the rode :nerd:
  • #3
  • Aug 8, 2012 12:13pm Aug 8, 2012 12:13pm
It's not a custom indicator and comes with mt4 as "volumes". If you go to insert>indicators you should see it there. Once they're on the chart just right click and hit "volumes properties" to change the colors and things like that. Hope this helps!
  • #4
  • Aug 8, 2012 12:17pm Aug 8, 2012 12:17pm
Quoting carramch
It's not a custom indicator and comes with mt4 as "volumes". If you go to insert>indicators you should see it there. Once they're on the chart just right click and hit "volumes properties" to change the colors and things like that. Hope this helps!
nice thanks (never sow it befor)
Iam just A pips on the rode :nerd:
  • #5
  • Aug 8, 2012 12:19pm Aug 8, 2012 12:19pm
Quoting -er-
nice thanks (never sow it befor)
No problem.
  • #6
  • Aug 8, 2012 12:31pm Aug 8, 2012 12:31pm
???
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Iam just A pips on the rode :nerd:
  • #7
  • Aug 8, 2012 12:44pm Aug 8, 2012 12:44pm
The volume of Forex in MT4? This finger in the sky! This is the first. And further, I ask do set up prior to the conclusion of the transaction, and not the search history then. I think that I still need to show the rules.
  • #8
  • Aug 8, 2012 12:50pm Aug 8, 2012 12:50pm
Quoting -er-
???
I'm sorry I don't really understand what you are asking but I'll do my best to help. Here are the basic Wyckoff phases. Try to apply this to your chart analysis as well as the techniques I've posted already. Please let me know if this helps. If not try to type exactly what you would like me to help you with so that I can fully understand the trouble you are having.

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  • #9
  • Aug 8, 2012 12:57pm Aug 8, 2012 12:57pm
Quoting tol
The volume of Forex in MT4? This finger in the sky! This is the first. And further, I ask do set up prior to the conclusion of the transaction, and not the search history then. I think that I still need to show the rules.

Volume is a measurement of activity in spot forex and is nearly identical in it's signals to actual volume. I wanted to post clean setups to start but I'll try to post real time soon..if I have the nerve lol.
  • #10
  • Aug 8, 2012 1:06pm Aug 8, 2012 1:06pm
Of course, I could be wrong. But open at the same time a number of graphs in different Forex-kitchens and volumes will be different. It is my belief that the only thing that's futures. And not MT 4.
  • #11
  • Aug 8, 2012 1:07pm Aug 8, 2012 1:07pm
i heve read in same volume trading book about a set up like thise...

1. you heve a setup bar you check the vol in it.

2.once the the set up bar borken, you check the braking bar vol if its more then the set up bar, then its a buy signal, ather wise its a sell signal.

thets whats iam shoing in my pic.

just whanted to know if you r trading thise way?
Iam just A pips on the rode :nerd:
  • #12
  • Aug 8, 2012 2:03pm Aug 8, 2012 2:03pm
Quoting tol
Of course, I could be wrong. But open at the same time a number of graphs in different Forex-kitchens and volumes will be different. It is my belief that the only thing that's futures. And not MT 4.
I'm no expert but I'll tell you what I know so far. The volume shown in fx futures is a very small portion of the entire fx market. I read on wikipedia that 1.5 trillion per day is the estimate for spot fx transactions and only 207 billion for futures options. If anything, I would think futures volume is useless lol. I've been told that IBFX mt4 is a good representation of the activity in the spot market, so that's what I've been using.
  • #13
  • Aug 8, 2012 2:03pm Aug 8, 2012 2:03pm
Carramch looking forward to following your thread.
  • #14
  • Aug 8, 2012 2:10pm Aug 8, 2012 2:10pm
Quoting -er-
i heve read in same volume trading book about a set up like thise...

1. you heve a setup bar you check the vol in it.

2.once the the set up bar borken, you check the braking bar vol if its more then the set up bar, then its a buy signal, ather wise its a sell signal.

thets whats iam shoing in my pic.

just whanted to know if you r trading thise way?

I never heard of that. Trading VSA is not simple like that. I'm learning about things like background and phase to see where the smart money is postioning, the balance of supply/demand for entry and so on. There's is just more to it with the VSA method.
  • #15
  • Aug 8, 2012 2:12pm Aug 8, 2012 2:12pm
Quoting BobskiTheFX
Carramch looking forward to following your thread.
Thank you! Much appreciated.
  • #16
  • Aug 8, 2012 2:22pm Aug 8, 2012 2:22pm
Carramch I have recently started looking at VSA. I see that Master the Markets by Tom Williams is a recommended read. Have you read this book and, if so is it a good starting point.
  • #17
  • Aug 8, 2012 2:44pm Aug 8, 2012 2:44pm
Quoting BobskiTheFX
Carramch I have recently started looking at VSA. I see that Master the Markets by Tom Williams is a recommended read. Have you read this book and, if so is it a good starting point.
I have read Master the Markets and I believe it is a very good starting point. The method I use takes many elements from there. here's more reading material and videos.


http://www.forexfactory.com/showthre...88#post5840788
  • #18
  • Aug 11, 2012 10:33am Aug 11, 2012 10:33am
hi carramch,
i love your postings as it is simple and explains how you interpret VSA very well.
i will continue following it.

just wanted to inform you that the 2 pdfs you posted can't be accessed by that file sharing site.

maybe you could use mediafire, they're not bad for sharing files. thanks
  • #19
  • Aug 13, 2012 11:38am Aug 13, 2012 11:38am
Quoting nicoacademia
hi carramch,
i love your postings as it is simple and explains how you interpret VSA very well.
i will continue following it.

just wanted to inform you that the 2 pdfs you posted can't be accessed by that file sharing site.

maybe you could use mediafire, they're not bad for sharing files. thanks
Thanks a bunch! Yea I guess my trial period with that site expired. I took a look at the site you mentioned and it also has a limited trial period. I would rather have a more permanent solution. So if you or anyone else knows of a free file share site or even a way of uploading pdfs to FF that I may have overlooked please let me know and I will have the pdfs up as soon as possible.
  • #20
  • Aug 14, 2012 11:18am Aug 14, 2012 11:18am
The 1h shows wide spread high volume up candle with a down reaction. That gives us our weakness in the background. The 15m shows the same with 2 no demands for a valid entry when price closes below them.

I've been looking more at the balance of supply and demand to understand things. The high volume weakness in the backgroud represents sellers, then the No Demand candles represents a lack of buyers. It means the market is out of balance. High volume of sellers and low volume of buyers.

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