[TinGull]

sweet....I'm getting the hang of it. hehe. The doji at R1, too...closing in the lower portion of the spread with real heavy volume (comparatively)...showing we've got a direction change coming up. That turned out to be a nice trade of about 40 points.

[mp_trader]

TG, Thanks for starting this thread. This weekend I made a couple of indicators for Ensign to flag a couple VSA type long reversal bars, and today it paid off. The market lacked outside influence/paper, and it was the props vs. the retail guys all day. I noticed the ES was once again being led around by the ER2 for the greater part of the immediate past when a VSA long setup (or at least my interpretation of it) occurred. The image ER2_VSA_Long is what I saw. I exited my ES short, and went long the russel on then next one minute bar. The time on the chart is CME exchange time. The next image ER2_070311_08 is a 5 min chart showing the entire day with the blue vert line the entry bar. Incase anyone is curious, the horizontal lines are: YHigh=yesterday's high, YHVA=yesterday's volume based value area high, P=pivot (RTH only), YVPC= yesterday's volume POC. The last image ER2_070312_07 is what Market Delta showed for the same bar.

Most of you probably trade the YM, so I just wanted to show a different mkt.

[TinGull]

Beautiful stuff MPTrader Thank you for sharing!

[mp_trader]

Originally Posted by TinGull »

Beautiful stuff MPTrader Thank you for sharing!

No problem. I don't know this VSA stuff at all. I just went by what it may be, thought it thru a bit, and tried a few paintbar like indicators over the weekend. I am looking forward to the presentation tomorrow, and perhaps Pivot can enlighten us with a few more cases that I can code up.

[TinGull]

I'm absolutely looking forward to the show tomorrow, too! Soon enough we'll all be pros. haha

[dupaski]

Originally Posted by mp_trader »

This weekend I made a couple of indicators for Ensign to flag a couple VSA type long reversal bars, and today it paid off. The market lacked outside influence/paper, and it was the props vs. the retail guys all day.

MP,

If you wouldn't mind could you post the DYO or template for the indicators you have on your charts? I'm using ensign as well and would like to play around with this.

Thanks

-DT

[notouch]

mp trader, one of those pics is of MarketDelta - a very useful tool but nothing to do with VSA.

[Soultrader]

One simple observation that really changed my approach in analyzing volume was waiting for the next price and volume bar to confirm the previous bar.

In other words, if I planned to go long at a pivot on a sell bar... the chances of the long working out would increase alot more after I observe the second bar after it. I used to not pay attention to it as much and rely more on tape. But after watching for tests/tests of supply, I am able to view price action alot more clearer. Very powerful technique in my opinion.