VSAtrader

In my opinion currency futures is better than spot forex. I traded several years spot and eminis. After I start trading currecy futures it is very successful for me. I think newbies better start with currecy futures better than ES. Happy trading

I think TradeStation is better to compare with any other platforms. Easy to use and not a lot of complicated data incoming. Get a free volume indicator to read VSA, I saw somebody was talking about a Free volume indicator in this forum based on Tom Williams book. When you get something free, why you have to try expensive stuffs.

Is it based on Market Profile something? Can you post a screenshot, I like to get a good volume indicator for Ninja -- Thanks guys!

Does the Easy Language script for this indicator is available?

HI VSA, I think that Indicator is available only for Trade Station, Unfortunately I use Ninja :doh:

I trade, Gold, Oil and coffee. Futures I mean the currency futures. I'm sorry.

I trade commodities using tick charts. Futures and currencies are long term trading. Anyway nothing worked with these indicators -- they really lagged. I went to Nigel's (he claims he invented VSA) seminar. The seminar was all about basics of trading, he never discussed any thing on VSA. Really he just flips through a bunch of charts but you still do not get a real understanding of his indicators or trading. Although the charts are beautiful in hindsight, on the live edge of the market, they leave a lot to be desired.

Guys, I'm not using these indicators any more. It has huge stops, indicators are choppy like hell,used 3 years never made any money. Additionally, I lost huge amount of money using Hawkeye Indicators. Be careful with these indicators.

Nigel and Tom Williams worked together on VSA in earlies. They had a seperation in their work, but both are friends until today. Both are good in Volume Spread Analysis. I use of both of their indicators. For me If one is not picking other definitely pick. Nigel Combined Momentum, Standard Deviation and chart patterns with Volume that gave me an edge. Thanks for Nigel and Tom!! Great works!

Hawkeye Indicators are based on Wycoff Trading Method. Understanding Volume Volume in the market is as important is to your car. Prices do not move without buyers and/or sellers. To help in understanding typical volume and price behavior, post these notes beside your computer and learn to identify the different volume behaviors as they occur on your charts. Normal Volume Behavior: • Volume is highest before congestion • Volume is lowest as it moves deeper into congestion • Volume increases with a valid breakout of congestion and then subsides as the trend begins. (Look for the last Hawkeye Pivot being taken out.) • Volume increases with major reversals, approximately for the next 5-7 timeframes • Volume should move with trend strength, ie if trend dots are up and on an angle greater that 45%. • Volume should be lower on the second double top/bottom formations showing lack of selling. Then volume will pick up and a trend will be established. Abnormal Volume Behavior: Congestion Areas: • If heavier volume appears at the low end of congestion area, buying is being supported and prices tend to go up after breaking out of the upper price resistance level. • If heavier volume appears at the higher price level in the congestion area, then there are more sellers than buyers. Prices will eventually decline from the higher support area of the congestion zone. • Volume should increase during the breakout then subside as the trend begins to form. However, if volume stays high after the breakout and prices move too strongly, then the breakout will not be valid and prices will move back into congestion until fair value has been established then continue in trend (in other words price has got ahead of its self and it requires attendant volume to confirm trend direction.) • If price retraces after a breakout from congestion on high volume, and bounces off the outside edge of congestion, and then volume picks up again, this is a valid breakout. Volume should be in the direction of the breakout. However, if volume does not confirm the direction of the breakout, then prices will likely go in the opposite direction. Remember, normal volume breakout increases with the breakout. Therefore, if you see a breakout with low volume, anticipate entering in the opposite direction as price cannot continue in this direction on low volume.