[daedalus]

I've been focused heavily on trying to improve my win rate in the system I trade.

I think the key to a lot of this might be found in adding volume analysis to my entries. However, I have been unable to find a consistent way of using volume to filter a winning entry from a losing entry.

The arrows are trade entry signals that I have taken. 2 Winners, 2 Losers. Is there anything you guys can see using VSA or any other Volume analysis that is apparent that might be able to filter the losers and retain the winners?

Is there any key tell tale signs in the volume histogram as the swing is made before my entry off the retracement?





Thanks for your help in advance!

[MC]

I'm no VSA expert but I've found tick charts are not the ideal for VSA in my time studying. The candles and volume don't have enough time to form and set up. 10-15 minute charts seemed to work best for me in the past.

Another thought/question is 2 for 4 is reasonable...but what are you doing with the winners. Are you letting them run?

[daedalus]

Yea, the winners run for the most part. In backtesting (manual of course) using strict entry/exit rules yields generally about a 1 risk : 2 reward setup most of the times.

Stops are placed 2 ticks below the low of the previous candle.

Your right on the tick chart stuff, time charts show volume much better but at this time i'm unable to see how I could incorporate the two into my method since I don't want to be waiting on a time chart to close and miss my ideal entry on the tick chart.

Hypothetically though, shouldn't the same kind of rules still apply?

[brownsfan019]

Originally Posted by daedalus »

Hypothetically though, shouldn't the same kind of rules still apply?

Perhaps in theory, but more often than not it will result in different results in real-time.

For example, using the ABC setup on a minute chart vs. tick chart vs. volume chart vs. range chart will all yield different results using the exact same setup.

[dandxg]

VSA seems to work best when you combine it with a higher time frame, this is just basic trading 101, or when you combine it with S/R. I found that using my charts, Sierra, that ticks charts with volume would recalculate the volume so quick for the range of chart that I couldn't even make out a changes.

If you go back and review Eiger's posts in VSA thread 2 it works pretty well when combined with a higher time frame. If you want a better entry take an No demand in down trend, because close is high, or a low close test in an uptrend either off S/R or after you see a VSA signal on higher time frame.

Good luck.

[sevensa]

Originally Posted by daedalus »

Your right on the tick chart stuff, time charts show volume much better but at this time i'm unable to see how I could incorporate the two into my method since I don't want to be waiting on a time chart to close and miss my ideal entry on the tick chart.

I don't really understand the part of your statement which I marked in bold and I will preface my questions with admitting that I don't use tick charts. Since tick charts are based on x number of ticks, doesn't this mean that you have to wait for the number of ticks to complete until the close of the bar anyway to take your entry? Or do you enter before the close of the tick bar, and if you do that, why can't you do it on time charts too?

Also with regards to this question of you...

Hypothetically though, shouldn't the same kind of rules still apply?

The signals will not lined up and will be different, but hypothetically, shouldn't your system rules apply to both tick and time charts?

[daedalus]

I just mean that tick charts take X amount of ticks to close, it isn't a constant like a 2 minute bar, etc. So if the bar i'm waiting to close closes in 1:28 seconds and i'm waiting for the 2 minute bar to confirm, i could potentially "miss the entry".

My system entries apply to both tick and time charts, I just prefer to trade tick charts personally.

[daedalus]

Well, i can be flexible guys, so here are some more signals from today and last week on time charts.

Is there anything more evident in them now?





Thanks again for all the input gent's!