Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Eiger

[VSA] Volume Spread Analsysis Part III

Recommended Posts

Since the VSA II thread now has over 2,200 posts and 128,000 visits, it seemed time to start VSA III. To get us rolling, here is quick VSA look at how the market unfolded this morning on the 3-minute time frame (S&P e-minis).

 

 

The market opened higher than yesterday’s close, fell off over the first 15 minutes to A, and then tried to rally.

 

B – the rally to B did not bring out demand, and the bars at B were weak, closing on their lows.

 

C – A very weak bar with an increase in spread and volume to the downside. Supply came into the market here.

 

D – No demand on the first rally after weakness appeared and a good short.

 

E – Volume drops off as the market moves lower into the area of yesterday’s close.

 

F – A bottom reversal on good spread indicating demand.

 

G – the market tests the lows of E/F and is unable to draw supply. As it begins to rally, it tests again at G1.

 

H – An increase in volume with a good close, but the spread narrows – caution for longs.

 

J – Down bar, on wide spread and high volume shows supply has reentered the market.

 

J – No Demand followed by a small hidden upthrust.

 

K – Again we come back into the lows and find no supply and the market rallies.

 

T – Tests occur below the resistance at I indicating a rally and a break of I.

 

L – small bottom reversal/key reversal bar which tests for supply by dipping lower one last time before moving up to close on its high.

 

M – Break through the resistance at I and a rally into the noon hour. Note that the volume falls off as we move into the noon hour and come into the morning supply at A.

 

Hope this is helpful,

 

Eiger

5aa70ecd87231_ES3-minMay609.thumb.png.61752d084a144dfcd153f5e223eaec02.png

Share this post


Link to post
Share on other sites

At the start of this new thread I'd like to share with you an indicator that someone made for me. The idea was as follows: VSA folks often place significance on volume that's less than the previous two bars. Why not create an indicator that reflects this by painting such a volume histogram blue? Well, I started with Tradestation's "Volume Average" indicator (standard issue) and tried to play around with it myself to adapt it, but I'm not good enough at EasyLanguage, so I threw it out to the Tradestation forum and somebody coded up for me the indicator I've got attached.

 

As you can see from the attached chart, it doesn't work so hot. All the vertical lines are places where the volume was less than the previous 2 bars, but it didn't get a blue color added to it. I'm not sure why that is. If someone can fix it so it correctly shows each and every instance where the volume of a given bar is less than the previous two, I'd be very grateful.

 

As it is, the indicator does have some value, especially when you get multiple bars with decreasing volume. It just gives you a visual cue that can be especially helpful when scanning charts.

 

Good trading all,

Tasuki

Volume Avg Vol2Less1.ELD

5aa70ece0defc_VolumeAvgVol2Less1.thumb.png.3e49563d38356bfe47c00fb35b4c5499.png

Share this post


Link to post
Share on other sites
At the start of this new thread I'd like to share with you an indicator that someone made for me. The idea was as follows: VSA folks often place significance on volume that's less than the previous two bars. Why not create an indicator that reflects this by painting such a volume histogram blue? Well, I started with Tradestation's "Volume Average" indicator (standard issue) and tried to play around with it myself to adapt it, but I'm not good enough at EasyLanguage, so I threw it out to the Tradestation forum and somebody coded up for me the indicator I've got attached.

 

As you can see from the attached chart, it doesn't work so hot. All the vertical lines are places where the volume was less than the previous 2 bars, but it didn't get a blue color added to it. I'm not sure why that is. If someone can fix it so it correctly shows each and every instance where the volume of a given bar is less than the previous two, I'd be very grateful.

 

As it is, the indicator does have some value, especially when you get multiple bars with decreasing volume. It just gives you a visual cue that can be especially helpful when scanning charts.

 

Good trading all,

Tasuki

 

Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

Share this post


Link to post
Share on other sites

I would like ask Eiger ,what do you think about it. ??

It is chart 5 min ES yesterday.

http://www.sierrachart.com/userimages/upload_2/1241665291_84_UploadImage.png

After spring (S) bar 12,30 -- 12,35 h. I looked for test bar but I didnt find, so I didnt take long trade.

 

It is chart 5 min ES yesterday too,but every bar starts 9,37 -- 9,42,--- 9,47 h.......

http://www.sierrachart.com/userimages/upload_2/1241665703_93_UploadImage.png

Here I see test (T) in bar 12,37-12,42h. What is your opininion. It is good take long trade after this test bar ???

Thank you

Share this post


Link to post
Share on other sites
Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

 

Hi Eiger

 

I've been hesitant to post the volume indicator I am using because I am not a very efficient programmer and also don't really want to start supporting indicators, but here it goes... Maybe someone can use this as a building block, or optimize the code.

 

The colors used are:

Green = Regular up bar

Dark Green = No Demand

Red = Regular down bar

Dark Red = No Supply

White = Same close than previous bar on higher volume

Yellow = Same close than previous bar on lowest volume in two bars

Magenta = Highest Volume of last two bars, smallest range of last two bar and at a 5 bar high or low.

 

I also plot the 20 bar moving average of volume and 1.5 and 2 times the average volume.

 

I am using MultiCharts, but the code should compile on TradeStation.

 

inputs:	PlotAvg(True), 
	AvgLength(20 ), 
	Val1(1.5),
	Val2(2),
	UpColor(Green),
	DownColor(Red),
	NoDemandColor(DarkGreen),
	NoSupplyColor(DarkRed),
	ChurnColor(magenta);	

variables: 
Vol( 0 ),
VolAvg( 0 ),
StdVal(0),
Body(0);

If BarType >= 2 then Vol = Volume else Vol = Ticks;	

VolAvg = AverageFC(Vol, AvgLength ) ; 
StdVal = StandardDev(Vol, AvgLength, 1) ;

Plot1(Vol, "Vol" );
If PlotAvg then begin
Plot2(VolAvg, "VolAvg" ) ;
Plot3(VolAvg * Val1,"SDV1");
Plot4(VolAvg * Val2,"SDV2");
end;	


if C > C[1] then begin
SetPlotColor( 1, UpColor ); 
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,NoDemandColor);
end	
else if C < C[1] then begin
SetPlotColor( 1, DownColor ) ;
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,NoSupplyColor);	
end	
else begin
if C = C[1] then SetPlotColor(1,White);
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,Yellow);	
end;	

If (Vol > Vol[1] and Vol > Vol[2]) and Range <= Lowest(Range,2)[1] and 
(High = Highest(High,5) or Low = Lowest(low,5)) then SetPlotColor(1,ChurnColor);

5aa70ece15866_VSAVolume.thumb.png.877c3b3f110cb1fc3c75f8640b12fdb9.png

Share this post


Link to post
Share on other sites
Hi Eiger

 

I've been hesitant to post the volume indicator I am using because I am not a very efficient programmer and also don't really want to start supporting indicators, but here it goes... Maybe someone can use this as a building block, or optimize the code.

 

The colors used are:

Green = Regular up bar

Dark Green = No Demand

Red = Regular down bar

Dark Red = No Supply

White = Same close than previous bar on higher volume

Yellow = Same close than previous bar on lowest volume in two bars

Magenta = Highest Volume of last two bars, smallest range of last two bar and at a 5 bar high or low.

 

I also plot the 20 bar moving average of volume and 1.5 and 2 times the average volume ...

 

 

Hi Sevensa,

 

Thanks for posting this. I am glad you did -- it's a big help.

 

FWIW - For volume, I have always used a standard deviation function off the 20-period SMA of the volume. Even though our data is not normally distributed, the standard deviation function gives us a pretty good sense of the probabilities of the volume bar. We know, for example, that about 68 percent of all individual volume bars should fall within one SD of the mean. When the volume hits or exceeds 2 SDs,we know it can be significant (either producing an impulse move when pushing though a trading range or stopping/climactic volume). An upper Bollinger Band applied to the volume or a SD function both do the same job.

 

Hope this is helpful,

 

Eiger

Share this post


Link to post
Share on other sites
I would like ask Eiger ,what do you think about it. ??

It is chart 5 min ES yesterday.

http://www.sierrachart.com/userimages/upload_2/1241665291_84_UploadImage.png

After spring (S) bar 12,30 -- 12,35 h. I looked for test bar but I didnt find, so I didnt take long trade.

 

It is chart 5 min ES yesterday too,but every bar starts 9,37 -- 9,42,--- 9,47 h.......

http://www.sierrachart.com/userimages/upload_2/1241665703_93_UploadImage.png

Here I see test (T) in bar 12,37-12,42h. What is your opininion. It is good take long trade after this test bar ???

Thank you

 

Springs are one of my favoirte trades. I have studied and traded them for a long time and have a pretty good grasp on their characteristics. Because of that, I usually don't wait for a test for confirmation. Many times springs will just take off like it did here.

 

So, how would you know whether a spring has high odds or not. Your chart has all the characteristics I look for in a spring:

 

First, the background. Here, the market is in an uptrend. It has made higher highs and higher lows. Springs do not work well in a downtrend. I never take a spring when the trend is down unless a clear SOS and a base (cause) have occured. When I see an uptrend in place, I start thinking pullbacks and springs. Note that once again, the all-important background is always the first consideration.

 

What is particularly nice about this spring is that there was a reaction back to support on relatively light volume. This is a choice setup; I really like this look. It is described in the Wyckoff texts as a Jump Across the Creek, and then a Back Up to the the Edge of the Creek. The creek represents supply and the jump across the creek indicates a sign of strength. The market will frequently come back to the edge of the creek and test, as it did here. Testing in this context means not on a single bar as in VSA, but coming back into the area of supply (red curved line) aand testing it to make sure no additional supply is there which would thwart an up move. Volume on the reaction was lighter than the rally.

 

The bar before the Sping was telling. That bar looked ominous, closing on its low and closing lower than the closes of the last four bars. Volume did not increase substantially, however, and the spring bar dipped lower, turned around, closed on its highs, and volume came in. If you were watching this bar develop real time, you would have seen the volume come in as the bar rallied up - this is demand off the bottom. The spring bar is also a bottom reversal in VSA terms, so it had that going for it, too.

 

The final piece to this is that the spring bar was powerful enough to come right up to the minor supply line of the reaction. Any further advance in price would take out this line, which occured shortly thereafter.

 

Regarding switching how the chart displays the bars to look for confirmation -- I personally wouldn't do that. This is akin to committing "confirmation bias," or looking for indications you normally don't look at to support a decision. It is better to either study springs until you are completely confident in trading them without a test for confirmation or specifying that a spring must be confirmed by a test and if a test does not occur, just let the trade pass. Either is perfectly fine.

 

If your criteria includes a test and a test does not occur, so what. A trade was missed. No big deal. There is always another good trade coming just around the next corner. If you note on the chart after rallying aggressively off the spring, the market moved up above the last high (HH) making another new high, rested, held its gains, and gave a nice VSA Test for entry (green arrow).

 

Hope this is helpful,

 

Eiger

5aa70ece3834d_SpringMay509.png.0dbd2c11e9f6ee7623da0ccd720be0e7.png

Share this post


Link to post
Share on other sites

I am using MultiCharts, but the code should compile on TradeStation.

 

 

Yes, it does work in Tradestation version 8.6 build 2525.

Very nice indicator. thanks, sevensa.

Share this post


Link to post
Share on other sites
I just wanna say thank you for opening this new thread!I hope that it will be as successful as other 2 : }

 

I second that..

Anyone trade forex here? I just found this forum and haven't finished reading VSA I or VSA II..

 

Thanks

Share this post


Link to post
Share on other sites

You will discover the answer to that as you read through the threads! Don't be fooled by what people tell you, there is no volume reported on forex, People happily (and successfully apparently) use tick volume as a proxy for volume. Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place. So in short why pick an instrument where there is no volume reported when there hundreds of thousands where there is?

Share this post


Link to post
Share on other sites
You will discover the answer to that as you read through the threads! Don't be fooled by what people tell you, there is no volume reported on forex, People happily (and successfully apparently) use tick volume as a proxy for volume. Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place. So in short why pick an instrument where there is no volume reported when there hundreds of thousands where there is?

 

Did you mean to trade others than forex?

I saw people trade successfully in forex with VSA at another forum..but the forum didn't have much info coz they were focusing on indicators..

Share this post


Link to post
Share on other sites
Did you mean to trade others than forex?

I saw people trade successfully in forex with VSA at another forum..but the forum didn't have much info coz they were focusing on indicators..

 

If you are keen on trading currency why not trade Currency futures (CME) a regulated market and where true vol is reported, VSA principles will work just as well and the moves will be in line with forex, only less spikey.

Share this post


Link to post
Share on other sites
If you are keen on trading currency why not trade Currency futures (CME) a regulated market and where true vol is reported, VSA principles will work just as well and the moves will be in line with forex, only less spikey.

 

Absolutely. Not only that they have recently introduced mini futures (which I hear are picking up in liquidity) which would suit those with smaller accounts.

Share this post


Link to post
Share on other sites
.... Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place...

 

I have always understood tick volume (in general) to reflect actual trades and not withdrawn bids/offers, but then I don't trade FX, so this is new for me?? When I traded commodities futures years ago I do remember seeing a study done comparing tick with true volume in commodities (grains, I think) and having a correlation of about 85-90%.

 

In addition to currency futures and emini futures, there are currency ETFs with good liquidity and, thus, good volume.

 

Eiger

Edited by Eiger

Share this post


Link to post
Share on other sites

Eiger

 

Do you have any VSA related indicator/template for ensign, that I can use. Some posted alerts, but I am able to put up those alers in ensign. The alerts painted bars with volume < 2 previous bars and r quite helpful. Any1 could upload them as a template here.

Thanks

 

Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

Share this post


Link to post
Share on other sites

Eiger

 

As the thread starter, maybe u may want to come up with some directives for newbies who accidentally came across this thread and start posing noobie questions without reading part 1 and part 2. I think it should be mandatory reading for any VSA enthusiasts to read Tom Williams MTM, and to at least take the time to read the 1st 10 pages of part 1 and part 2, before posing questions. Another second directive should be that when noobies or recent arrivals to VSA posed questions, their questions should be annoted on charts. Certain directives need to be put to grow the thread, so that we can each day come and poss our readings, or better, post mo realtime developments on the charts.

Share this post


Link to post
Share on other sites
Eiger

 

As the thread starter, maybe u may want to come up with some directives for newbies who accidentally came across this thread and start posing noobie questions without reading part 1 and part 2. I think it should be mandatory reading for any VSA enthusiasts to read Tom Williams MTM, and to at least take the time to read the 1st 10 pages of part 1 and part 2, before posing questions. Another second directive should be that when noobies or recent arrivals to VSA posed questions, their questions should be annoted on charts. Certain directives need to be put to grow the thread, so that we can each day come and poss our readings, or better, post mo realtime developments on the charts.

 

See this thread:

 

http://www.traderslaboratory.com/forums/f151/helpful-ideas-for-newcomers-to-vsa-5944.html#post64769

Share this post


Link to post
Share on other sites

That is what i try hard to learn.The backgroung.I read a lot of post from a lot of tarders and saw that most common mistake is not to look for the background.Pro traders or expirienced one talk much abt it but no one say this and this is the background.So that`s why i post this to see if anyone could give me a reasonable explanation if this is a valid signal not based only on these individual bars but on the back ground.As for background looking in my charts i see no previous highs or something i see that the trend is down.This is short term down from yesterday.This is the only thing i can see.So could someone give me reasonable explanation why this should be a good short or why not due to all we need to enter a tarde .. background and individual bars ... Thanks a lot.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By vishnux
      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
      1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa
      2) There is lots of volume absorption in support line and still markdown occurs.
      3) sometimes in market high / low it becomes re-accumulation  / re-distribution
      Is there any clear way to find it ? 
  • Topics

  • Posts

    • Is this also about coding?     Profits from games of knowledge: https://www.predictmag.com/ 
    • Date : 23rd July 2021. Market Update – July 23 – USD & Equities move higher. Market News Today – USD dipped following ECB & weak US data but has recovered as USDIndex eyes 93.00 again & a “Golden Cross”. EUR 1.1770, JPY 110.30, Cable 1.3750. Equities struggled but ended up, USA500 (+0.20%), Strong Earnings #TWTR. Yields held gains 1.265%. Virus concerns continue to weigh, US Republicans now encouraging vaccinations. USOil breached & broke $70.00, Gold back over $1800. Overnight – JPY closed until Monday, shares in Asia struggled to follow US higher, AUD PMI data at 14-mth lows (50% of popn. in lockdown) & UK Retail Sales data beat as restrictions continue to ease and football was supposed to come Home. ECB – Negative Rates Are Here to Stay – ECB tweaked its rate guidance yesterday which resulted in an even stronger signal that the bank expects this year’s inflation overshoot to be temporary. The marginally higher inflation target & refined hurdles for rate hikes have pushed an exit from negative rates even further into the future, but doesn’t necessarily clarify the outlook on asset purchases & PEPP. The focus on the forward guidance may actually signal a shift back from asset purchase targets to rates as the main signal for the ECB’s policy stance. European Open – The September 10-year Bund future is down -3 ticks, Treasury futures are slightly underperforming. DAX and FTSE 100 futures meanwhile are up 0.3% and US futures are posting similar gains. The ECB’s affirmation of its ultra-accommodative policy stance and the strengthening of the guidance on rates should continue to keep sentiment underpinned. ECB’s Villeroy also stressed this morning that it was perfectly justified to stick with accommodative settings for now, but also indicated that the central bank will look at asset purchases again in September. For now though virus developments and the rapid spread of the Delta variant is likely to keep a lid on growth optimism. Today – Flash Eurozone, UK & US PMIs, CBR Rate Decision, Canadian Retail Sales. Earnings from Danske Bank, American Express and Honeywell. Biggest FX Mover @ (06:30 GMT) NZDCHF (+0.21%) 4th day of big move from lows of 0.6330 on Tuesday, to test 20-Day MA (0.6417) today. Breached 21EMA yesterday, faster MAs aligned higher, RSI 59 and rising, MACD signal line & histogram rising & significantly above 0 line. H1 ATR 0.0008, Daily ATR 0.0064. 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.
    • I think we need to have both the Job as well as Forex as we need some capital to backup when we lose in the Forex Trading and a good Job could do with it.
    • I would like to trade with Forex, and I am still on the verge of learning, hoping to make the most of it.
    • Date : 22nd July 2021. Market Update – July 22 – USD cools as risk aversion slides. Trading Leveraged Products is risky Market News Today – USD dipped from 3-mth highs, USDIndex down (from 93.18 to 92.80) as Equities bounce back, recovering all of Monday’s fall on the back of strong Earnings (+0.8% & VIX back to 20.00). Yields recovered to 1.28% (20yr auction filled at 1.89%). Virus concerns continue to weigh. OIL Inventories +2.4m vs -4.6m expected, USOil futures touched $70.00, Gold back under $1800. Overnight – JPY closed until Monday, shares in Asia struggled to follow US higher, AUD trade & Confidence data mixed. (50% of popn. remain in lockdown). European Open – DAX and FTSE 100 futures are up 0.3% and 0.2% respectively, U.S. futures are also slightly higher, so the positive momentum that dominated yesterday’s session remains in place, albeit with a slightly more cautious tone to start the day. In FX markets EURUSD is little changed at 1.1793, Cable at 1.3719. Earnings reports helped to underpin stock market sentiment on Wednesday and company news will remain in focus today, but for the Eurozone the main item on the agenda is the ECB policy meeting. ECB Preview – The central bank is expected to keep overall settings unchanged, but Lagarde has hinted that the forward guidance will be tweaked following the change in the inflation target and markets are hoping for a commitment to ongoing support beyond the immediate crisis phase. So the meeting is now of more significance and LIVE…. Today – The ECB policy announcement, US Weekly Claims & EZ consumer confidence and Earnings from Abbot Labs, Blackstone, AT&T, Intel, Snap & Twitter. Biggest FX Mover @ (06:30 GMT) AUDCAD (+0.35%). Bounced from 13-mth low at 0.9216 yesterday to 0.9267 highs earlier. Breached 21EMA earlier, faster MAs aligned higher, RSI 53 and rising, MACD signal line & histogram rising but significantly below 0 line. H1 ATR 0.0010, Daily ATR 0.0061. 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.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.