[VSA] Volume Spread Analysis

[jaybird]

had a good day today

took some trend line breaks off some smaller charts in the am and got chopped pretty bad

-------volume based trades worked well as usual-------note to self on that one.


quick q for sebastian or pivot or whoever has a comment

on the chart posted i took a short on the 1015bar and was stopped on the 10:25 bar and reentered on the 10:25bar, was my sell on the 10:15 bar a valid signal and one that others would have taken


fyi i scalped mostly off the 1min chart with the 5min as my bias and would hold the other half of my scalp based off what i saw on the 5min


thanks

jaybird

[jaybird]

One of my "better" scalps today

i am a scalper and i make a lot of turns each and every day but this was one of my better trades for the day

strength on bar A was going to enter on that bar but missed it

bar B no supply-----entered on it's close -------and WEEEEEEEEEEEEEE!!!!

lol





PURE BEAUTY


jaybird

[ckait]

can you please explain what that indicator is for? It looks just like normal volume with a line over it.

[Tasuki]

	Quote:	Seb Manby
	http://www.megaupload.com/?d=IG95GF27 Es Analysis for 12th and 13th dec 25mb Regards Sebastian

Sebastian, I just want to join the chorus of applause for your veritable tour de force. We owe you a great debt of gratitiude for sharing your knowledge with us.

Folks, I recommend watching this video over and over.

[mister ed]

	Quote:	Seb Manby
	http://www.megaupload.com/?d=IG95GF27 Es Analysis for 12th and 13th dec 25mb Regards Sebastian

Thanks a lot Sebastian - great learning tool.

One thing to be aware of in this video it covers two RTH sessions, the session for Wednesday 12DEC2007 and Thursday 13DEC2007, the thing to be aware of is the rollover day on Thursday 13DEC2007. My data provider (eSignal) automatically rolled the contract (I watch ES #F, so it is continuous). So at 4.15 EST on Wednesday 12DEC2007 the closing price was for the ES Z7, but fifteen minutes later, at Globex open, 4.30 EST, the opening price, which appeared to jump 10 points (give or take) was for the ES H8, a different contract.

Thus, the RTH opening on Thursday 13DEC2007 at 9.30 am EST on my data was for ES H8. The data you are using there on the presentation, from IQFeed it appears, looks to have done the same thing.

At the close on Wednesday you point out a rally with supply coming in, ES Z7 closing at about 1490. On your chart it appears the market opens on Thursday around the same price, at about 1490 (but this is the ES H8 open, different contract) whereas in fact the ES Z7 opened at 1480 even.

Just thought I would point that out. It makes the rally immediately after the RTH market open on Thursday (from 1480 to 1486.50 high on ES Z7) an attempt to close the gap opened up during Globex. To see this it is necessary to be looking at ES Z7, not ES #F (which had rolled to the March contract, ES H8).

[monad]

	Quote:	Tasuki
	Sebastian, I just want to join the chorus of applause for your veritable tour de force. We owe you a great debt of gratitiude for sharing your knowledge with us. Folks, I recommend watching this video over and over.

Tasuki,
You came in trumpetting your world famous indicator, up/down, ask/bid vol, green bar in red and vice versa and how it all explains VSA and enhances its value, and why folks dismissed that at the start of this thread etc, some were critical but as you mentioned many PM you with their support. Ravin also voiced that support, then you moved into moving average and VSA,
Now you are raving on about pure VSA by Sebastian.

Was under the distinct impression that either you were planning to start a new thread or post in here some realtime trades and demonstrate how bid/ask vol etc not only can be used in conjunction with VSA , but further explains what VSA is actually telling us about supply/demand and thus provide an extra edge in trading in realtime, not from the middle of the chart

Well we are still waiting withe eagerness

[monad]

	Quote:	PivotProfiler
	Very nice. I can not say this enough- Every one here is top notch. Thanks for sharing and caring as we walk this journey together. The market may be zero sum, but we are clearly made stronger by our numbers.

Very eloquently put Pivotprofiler, great analysis on the recent post, besides currency do you trade other markets, can you put in some more details on stop loss and target levels that you trade with in realtime please. I am sure many would appreciate that.

[jjthetrader]

	Quote:	mister ed
	JJ, if you can provide the logic for it then I can work to put it into Metastock, I can probably decipher the TS code, but in English would be easier!

Sure, being an indicator lets discuss it here:

http://www.traderslaboratory.com/for...ator-2428.html

[jjthetrader]

	Quote:	jaybird
	quick q for sebastian or pivot or whoever has a comment on the chart posted i took a short on the 1015bar and was stopped on the 10:25 bar and reentered on the 10:25bar, was my sell on the 10:15 bar a valid signal and one that others would have taken fyi i scalped mostly off the 1min chart with the 5min as my bias and would hold the other half of my scalp based off what i saw on the 5min

Hey jaybird, love seeing RT trades, especially when they go wrong. These are lessons that you pay for and we benefit from.
Tawe Trader on this forum likes to take trades like yours and he suggests waiting on the low of the upthrust to break with a close below it.
Your direction was correct and it's not your fault that stops were gunned for on the 10:25 bar.
See how the 10:30 bar closes below the upthrust of the 10:25? There you go.

I made a similar mistake yesterday. I got anxious to get the better price instead of waiting for confirmation.

Good trades though bro. Keep posting. I like your energy.
JJ

[RAVIN]

	Quote:	jaybird
	had a good day today on the chart posted i took a short on the 1015bar and was stopped on the 10:25 bar and reentered on the 10:25bar, was my sell on the 10:15 bar a valid signal and one that others would have taken jaybird

You can increase your odds of not getting stopped out by waiting for a bar to close below the low of the upthrust bar, however in case there is wide range down bar, no point chasing the price there, wait for the price to bounce a little, go down to lower time frame chart and then you may get a chance to enter on a no demand bar, once again, I prefer not to go on market order on the close of the no demand bar, but on the take out of the low of the bar.