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Vsa learning club - page 6

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trader_X333
99
trader_X333  

ok its getting late so im off to bed but tomarrow ill start with End of a rising market...tell then , best regards, John

blott
70
blott  

Hi Newdigital,

Many thanks for the link. It seems quite an involved prodedure to get it to play videos! Maybe I'll get round to using it one day too!

Cheers,

Mike

Cybertore
6
Cybertore  

Daily Range

Thanks John for clarifying the daily range information and the advice. I found malcomb's thread so that should keep me busy. I like the organized step by step approach you are taking it really helps with all this information.

dvarrin
280
dvarrin  
trader_X333:
just a thought...now i havent had time to test this but in theory should work...i think...anyway lets say were watching the E/U and we see an end of the rising market (which is a SOW)..if we go to the us dollar chart we should see or soon see a SOS on that chart...RIGHT?.. that would give us further confirmation on our E/U chart ...we will definately be looking at this as we go...best regards, john

Hi John,

What is the E/U ? Is it the future for EURUSD?

blott
70
blott  

Glossary

Hi Guys,

Is there a glossary of terms used e.g. UH? Should I have read something before joining this thread?

Mike

dvarrin
280
dvarrin  
blott203:
Hi Guys,

Is there a glossary of terms used e.g. UH? Should I have read something before joining this thread?

Mike

UH is for (U)ltra (H)igh volume :-)

We are applying VSA (Volume Spread Analysis). There is a book "Master the Market" from Tom Williams about VSA, and although we start to explain how to use VSA from the very beginning, it could be good to read it, but you can ask in the thread anyway if there are terms you don't understand.

blott
70
blott  
dvarrin:
UH is for (U)ltra (H)igh volume :-) We are applying VSA (Volume Spread Analysis). There is a book "Master the Market" from Tom Williams about VSA, and although we start to explain how to use VSA from the very beginning, it could be good to read it, but you can ask in the thread anyway if there are terms you don't understand.

Doh! Of course :-) Thanks. This is a new concept to me. I always wondered why people said one should do the opposite to what comes naturally when placing trades, I never really understood that until now. I wondered why my trades kept turning against me and didn't like the feelings of paranoia and frustration or the feeling that my office was bugged, that came with it. Now I know I'm not paranoid; they really ARE out to get me!

Thanks,

Mike

Cybertore
6
Cybertore  

Voulme/Spread/Close

After reading MTM for the second time i am now wondering if there are formulas floating around to determine what the VOL, SPREAD and CLOSE(Mid, High,Low) are. (Instead of just looking and guessing)(and instead of dropping 3k a year for tradeguider. I guess there are some free custom indicators for mt4 around but to figure out manually helps to understand plus eliminates having to use an mt4 brokers etc.

VOLUME

for example. I would think to figure out the volume you would take the avg volume for a certain period (not sure how far back) and divide by the current vol on the last bar to get a percentage. Is there is a standard conversion for the resulting percentage to say the volume is high, extremely high, low etc, Obviously a result of .5 would indicate avg vol. but what would the high volume be? 1? 1.5 etc. Low vol? .4, .2 ..... some of the vol indicators i see have an avg vol line but still you are just estimating if it is high, avg, very high....for example avg vol 10,000 last var vol 15000...15000/10000=1.5

would 1.5 be high very high etc.

SPREAD

The same would apply to spread, I would think (correct me if i'm off track) you could divide the last bar's spread by the ATR for a certain past period. That would give that last bar's relative spread in a percentage. Again .5 would be avg spread, but what result would be wide or narrow? for example say ATR is 100, last bar's spread is 105. 105/100=1.05. would 1.05 be wide, very wide etc.

CLOSE

Same for the close, Mid, upper lower. I guess you can just look at the bar and guess its mid close upper etc lower but it would be nice to have an exact percentage to indicate if its upper or lower.

It seems if these three are understood it would be a good start to understanding VSA

trader_X333
99
trader_X333  

apologizes from john

hey guys...just wanted yall to know im still around...been so busy working ....drive 3 hrs commute to and from work and 10 hr days at work...by the time i get home i get about an hour on the charts and then im asleep..BUT i have got some great stuff to post...been doing huge amounts of reasearch...took two weeks just gather everything i could find on "End of a rising market"...i think it best if i try to put a little bit up each day then try to do it all in a night! just arent enough hours in the day...ill try that this week and see how it works...again im sorry about the absense, have to earn a living though...the good thing is every day i have to stand out in the hot texas sun (103 dgrees today) the more im sure i want to be a trader!!LOL...best regards, john

trader_X333
99
trader_X333  

sorry cybertore

sorry sybertore...i dont know the answer to your question but i do like the question...please research it and post your findings...if not ill do my best to see what i can find..regards, john

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