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Old 09-26-2009, 12:04 PM   #9

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Re: VSA for Forex

yeah, I have that book two, now I am reading his first book "THE_UNDECLARED_SECRETS_T HAT_DRIVE_THE_STOCK_MARKE T", after I finish this one, i'll read the "master the market", because I heard from someone saying that it is easier to understand the material if we read in this priority.

I personally think that in his books, he taught us the basic, but in order to trade successfully, I kind of rely on this forum, because our fellow traders gathered info from their experience on their live trade, do you think so?

And do you think that we can trade at least profitably when we apply VSA at EOD chart after reading the book but have not finished reading all material from this forum?
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Old 09-27-2009, 04:08 PM   #10

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Re: VSA for Forex

you could use VSA for micro forex futures. They have a lower margin requirement, and have a centralised exchange.
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Old 09-28-2009, 01:58 AM   #11

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Re: VSA for Forex

Hello Tradebetter. In answer to your question, yes you can definitely profit from trading spot forex with VSA. It all depend if you will make the time and commitment to learn and apply it properly.

I am trading VSA since 2007 in forex and i am profitable using it and now i am in the process of increase my position size to be able to trade full-time soon.

As for MT4, dont loose time with using it for forex, it will do you no good. The only reliable volume that can be used in forex is the GTIS forex feed of Esignal which include more than 300 contributors which represent a good aggregate of big players in the spot forex market.

I am using Esignal GTIS forex data feed (composite feed) (cost 100$ a month) with Ninja Trader which is a very friendly user charting platform and it is free. Read all the sticky threads on VSA here and there is also a great thread on VSA on forexfactory called "Trading using VSA". On that thread, look for the posts of Malcomb14, Dr. Geppynius and of HiddenGap.

Here, also, i suggest to read all posts about VSA of Eiger, Annonymous, CandleWhisperer and VolumeJedi.

I do not agree about better using EOD charts for VSA in forex. Intraday charts are just fine if you know what you are doing. I trade mainly based on the 5 min chart and also look at the 15m, 1h and 4h charts too.

As in all endeaviors, being successful or not trading VSA, as in any other methodoly, depend 30% on the technic you use and 70% on yourself, the trader. How do you manage risk, how do you control your emotions, do you have a clear and well defined trading plan, are you confortable with the instrument you trade, do you know that instrument very well, are you disciplined enough to follow your trading plan. Answer to all those questions are way more important than just learning VSA itself.

Using VSA profitably will only come when you answer yes confidently to all those questions and you have a good knowledge and application of VSA principles. Then, the VSA setups will be the "cherry on the cake" if you like.

So, study, study and please do 1000 of hours of screen time for seeing how those VSA setup unfold in real-time on your favorite forex instrument. That will help you tremendously to recognize high probability trading VSA setups.

Hope it help!

Sincerely

Shreem
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Old 09-28-2009, 04:30 AM   #12

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Re: VSA for Forex

THE_UNDECLARED_SECRETS_T HAT_DRIVE_THE_STOCK_MARKE T is same as Master The Markets. I think its the earlier version.
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Old 09-28-2009, 05:27 AM   #13

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Re: VSA for Forex

Quote:
Originally Posted by bunny »
THE_UNDECLARED_SECRETS_T HAT_DRIVE_THE_STOCK_MARKE T is same as Master The Markets. I think its the earlier version.
Yes, this is true. It doesn't have the TradeGuider stuff obviously and according to Eiger there are more examples and they are more clear.
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Old 09-28-2009, 06:47 AM   #14

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Re: VSA for Forex

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Originally Posted by VolumeJedi »
Yes, this is true. It doesn't have the TradeGuider stuff obviously and according to Eiger there are more examples and they are more clear.
I second that, it's got an interesting section on looking at the options market alongside the other instrument...a batter text, because there is less jargon. After all, master the markets is simply a selling tool for Tradeguider.
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Old 09-28-2009, 07:35 PM   #15

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Re: VSA for Forex

Thank you very very much for everyone's input, it is so invaluable for me as a VSA beginner, I personally think that the best thing about VSA is that it is basically a cause and effect method to trade rather than making forecast like some other methods. I wish everyone happy trading and keep banking their profits.

Shreem, I appreciate for your great input, it helps a lot, I noticed you are from Montral, I am actually from Toronto, hope you dont mind if I am going to PM you with my email, so we can discuss more on trading, when it comes to trading, I have no problem sitting in front of my screen study all kinds of method, fib, gann, elliot wave, wolfewave, but still haven't found one really work for me, and i just kept paying for those market master money for their subscription even though I purchased their courses, still not able to trade. maybe I haven't found a right method, hope VSA is the one. hahaha

Thanks guys!
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Old 10-31-2009, 06:46 AM   #16

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Re: VSA for Forex

I'm warning all to not give CC# to TradeGuider or VSA club as they will never stop charging you. And refunds dont come... lots of talk but then I dont know why that happens is retort. I had to get visa involved and 3 months charges still havent been returned. Just FYI
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