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I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin :)

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I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin :)

 

hey....I am quite interested in this topic....thank you and let's see more details.

 

TW

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I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin :)

 

How are you doing VSA or Wychoff without volume in spot forex?

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How are you doing VSA or Wychoff without volume in spot forex?

 

I use tick volume, is based price updates every tick, and these updates show us how much activity was in the bar.

 

I get your point, I was very skeptical the first months. Gavin from Tradeguider is always telling us that tick volume is the right option when you don't have actual traded volume (like in spot forex or CFDs) but the first months I believed this was just because he was trying to sell the software, so I used currency futures volume for some months but I came to the conclusion that tick volume is very reliable, you just need a good ECN broker (but that's another topic).

 

Regards

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I use tick volume, is based price updates every tick, and these updates show us how much activity was in the bar.

 

I get your point, I was very skeptical the first months. Gavin from Tradeguider is always telling us that tick volume is the right option when you don't have actual traded volume (like in spot forex or CFDs) but the first months I believed this was just because he was trying to sell the software, so I used currency futures volume for some months but I came to the conclusion that tick volume is very reliable, you just need a good ECN broker (but that's another topic).

 

Regards

 

Hello CurrencySpeculator,

 

I myself also have been doing research for the past of couple of days regarding finding a good trading platform especially for Mac, and of course as being keen on VSA a reliable vendor for volume data. Do you mind let me know how did you solve this problem? If not openly here in the thread, you can PM me and advice me which trading platform and volume sources you are using. I have just started to think about opening a demo account and will test myself for couple of months before going live. So any advice from all trader friends is welcome and highly appreciated.

 

Best regards,

 

Bardayson

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Gavin from Tradeguider

 

Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

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Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

 

Hello BlueHorseshoe,

 

Let me clarify you please. I'm definitely not Gavin. Myself a new wanna-be trader from Turkey Istanbul. So please take it easy when reading and answering posts. No hurry, no stress., just calm down. I frankly and very openly asked to all friends here just to share their experience if they want. Let me point out please that I never been blindly believed in the propagandist attitudes of any kind of trader who claimed to have a perfect, system, trading platform what so ever. I believe in the sincerity of Tom Williams and I don'T trust the guys which commercialized his developments. Amateur soul is way of life. Everything that comes into commercialization could be manipulated. Then I ask myself this question. If the Trade Guider is perfect platform and does everything find and decide on behalf us, why Gavin and other guys stop marketing this tool and trading on behalf their own accounts and become rich. Rich to that level they they will no longer be in need of open any computer screen once again. The question is simple. Without human observation and decision making no perfect mechanic trading system can be developed. That means it won't work. It could help you but not the baton in the hands of the wizard. I never believe in something like this.

 

To be frank I downloaded Ninja Trader but somehow found it little hard to use it. I have always been familiar with MT4 but the volume I don't find it reliable. That is why I asked you guys to find a good trading platform, as simple as possible and a reliable volume feed source. I don't use any kinda indicator not at all.

 

 

I think, I have talked too much. That's enough :)

 

I hope you understood me.

 

All the best

 

Bardayson

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Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

I don't know why you got it wrong, I am not Gavin (lol), nor I recomend TG, I am not even a costumer myself, I believe in the system though, I believe in the principles and I believe that markets are manipulated.

 

I don't understand why you treat me like a child with this part - "Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?" - I am not new in this business

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

What? Why do you say he is now telling you to avoid futures volume? Never heard that :confused: As far as I know, he is more interested in futures.

 

Anyhow, this thread is not about the Gavin Holme's life. It is about VSA and Wyckoff, and the combination between the two. If you believe VSA and Wyckoff are full of BS, then, please go start a thread about moving averages ;)

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Hello CurrencySpeculator,

 

I myself also have been doing research for the past of couple of days regarding finding a good trading platform especially for Mac, and of course as being keen on VSA a reliable vendor for volume data. Do you mind let me know how did you solve this problem? If not openly here in the thread, you can PM me and advice me which trading platform and volume sources you are using. I have just started to think about opening a demo account and will test myself for couple of months before going live. So any advice from all trader friends is welcome and highly appreciated.

 

Best regards,

 

Bardayson

 

I am currently using cTrader's platform and my broker is IC Markets, it's very reliable in my humble opinion. You should try a demo and check their data feed. I don't know if you can use it on a mac. Esignal data feed is also very very good but you need to pay for it.

 

Truth is spot currency market is very fragmented, unless you use professional terminals (like Bloomberg's or Reuters) the data feed will always be not-perfect BUT I've found that cTrader platform gathers a nice few reliable banks to get the data from, this allows us to relay on tick volume as a proxy. Remember, we are interested in activity and the reaction of the price to that activity.

 

I know a few traders that use Dukascopy for the data feed, you could give it a try on a demo too.

 

In the end, if you are not comfortable you can always get currency futures data feed for the volume analysis and make the trades accordingly to that in the spot forex market, which was what I did for a few months at the beginning because of my skepticism

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If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

Didn't got this part earlier. I understand your concern. I am not a TG costumer , I don't like the way they sell their stuff. Plus I don't wan't a software to tell me "what is going on in the market". It was my journey to learn this on my own trial and error way. It will always be my personal journey as I consider myself an always student of the market.

 

Cheers, mate.

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Hello BlueHorseshoe,

 

Let me clarify you please. I'm definitely not Gavin. Myself a new wanna-be trader from Turkey Istanbul. So please take it easy when reading and answering posts. No hurry, no stress., just calm down. I frankly and very openly asked to all friends here just to share their experience if they want. Let me point out please that I never been blindly believed in the propagandist attitudes of any kind of trader who claimed to have a perfect, system, trading platform what so ever. I believe in the sincerity of Tom Williams and I don'T trust the guys which commercialized his developments. Amateur soul is way of life. Everything that comes into commercialization could be manipulated. Then I ask myself this question. If the Trade Guider is perfect platform and does everything find and decide on behalf us, why Gavin and other guys stop marketing this tool and trading on behalf their own accounts and become rich. Rich to that level they they will no longer be in need of open any computer screen once again. The question is simple. Without human observation and decision making no perfect mechanic trading system can be developed. That means it won't work. It could help you but not the baton in the hands of the wizard. I never believe in something like this.

 

To be frank I downloaded Ninja Trader but somehow found it little hard to use it. I have always been familiar with MT4 but the volume I don't find it reliable. That is why I asked you guys to find a good trading platform, as simple as possible and a reliable volume feed source. I don't use any kinda indicator not at all.

 

 

I think, I have talked too much. That's enough :)

 

I hope you understood me.

 

All the best

 

Bardayson

 

I hear you man, same here with Ninja...

 

TW

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    • Date : 27th October 2020.USD improves, GBP Mixed, CB decisions & TRY.The Dollar firmed up into the London open and beyond, paring declines seen earlier in pre-Europe trading in Asia. The move drove gold and oil prices lower, too, indicating there has been some depth in dollar buying, although the magnitude of movement hasn’t been great.US equity index futures have managed modest gains after the S&P 500 closed with a 1.9% loss yesterday, though investor sentiment in global markets remains decidedly restive. Most Asian stock markets declined, and Australia’s ASX 200 equity index closed with a 1.7% loss in its worst single day performance in a month. Soaring positive Covid tests and the associated trend toward increasingly restrictive countermeasures, along with the risk of next week’s US election results being contested, and the delay in US stimulus relief, are keeping markets on edge. Overall strong Q3 economic data are being overlooked as markets look to what is appearing to be a grim winter ahead in the northern hemisphere, with risks of a double dip recession being factored in, especially in Europe. Amid this, the Dollar has been holding up, despite a narrowing in nominal US yields relative to peers in recent days, including Bunds and JGBs, revealing that the US currency is functioning as a safe haven currency again.The USDIndex index lifted back above 93.00, though remains down on yesterday’s and Friday’s highs at 93.11-13. EURUSD tipped back to levels around 1.1800 after posting a high at 1.1836. USDJPY remained settled in the upper 104.00s in what could be termed a consolidation of the steep decline seen last Wednesday but has tested below S1 below to 104.60. The pair remains about 0.7% down from week-ago levels. Sterling continued to trade without direction, overall, holding over 1.3000 around 1.3020. EU and UK trade talks continue in London through to tomorrow before relocating to Brussels. They are reportedly working to a mid-November deadline.Taking a step back, the currencies that are showing the biggest gains on the year-to-date are the ones that most would expect to have risen against the backdrop of the global pandemic crisis, being currencies of current account surplus economies, specifically ones that don’t have a high commodity export component. Thereby the Euro, Swiss Franc and Yen are the biggest gainers, while the dollar bloc and the likes of the South African Rand and Russian Ruble, among others, are showing the biggest year-to-date declines, save the politically savaged Turkish Lira. Turkey seems to be in dispute with all its neighbours and some further afield. The Central Bank holding rates last week has not helped its predicament – USDTRY printed a new all time high earlier at 8.1580.USDCAD lifted out of a correction low at 1.3169, with oil prices, although up yesterday’s lows, coming under moderate pressure during the early London session. WTI benchmark crude prices are down 6.5% from week-ago levels, and prospects for a sustained rebound look to be limited given the supply glut and weakening demand as Covid-containing measures intensify across Europe and some parts of North America. This backdrop should keep USDCAD underpinned. The pair has been trending lower since March, though we have been noting trend derailing risks. A run to levels around 1.3500 and above seems possible, as the BOC decision tomorrow and the US Election next week remain the key immediate fundamentals .Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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