My VSA Diary

[CurrencySpeculator 10]

I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin

[tradingwizzard 10]

I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin

 

hey....I am quite interested in this topic....thank you and let's see more details.

 

TW

[MightyMouse 12]

I'm going to write daily in this thread my journey using VSA to speculate in the currency markets. My purpose is to get better at this methods (VSA and Wyckoff) and write daily my own interpretation of the (smart money) large operator's moves in currencies.

 

Background about me:

 

Been trading for 5 years (next April), I was trading for the first 4 years using classic technical analysis and supply and demand zones until I discovered the beautiful Wyckoff method and then the vsa method. So basically I am just 8 months using VSA in spot forex.

 

Things I'm looking for in the charts:

 

I am usually looking for the Yao Ming bars, basically I look for climatic action followed by a spring (or upthrust) and then the classic no supply bar (or no demand). I use 1H, 15min and 5 min charts.

 

Everybody is welcome to chime in, just remember that the charts I will be posting are not sell/buy signals, they are just my interpretation of the current story line within the market.

 

Let's begin

 

How are you doing VSA or Wychoff without volume in spot forex?

[CurrencySpeculator 10]

hey....I am quite interested in this topic....thank you and let's see more details.

 

TW

 

Thank you mate, hopefully we all get a great deal out of this thread.

 

Regards

[CurrencySpeculator 10]

How are you doing VSA or Wychoff without volume in spot forex?

 

I use tick volume, is based price updates every tick, and these updates show us how much activity was in the bar.

 

I get your point, I was very skeptical the first months. Gavin from Tradeguider is always telling us that tick volume is the right option when you don't have actual traded volume (like in spot forex or CFDs) but the first months I believed this was just because he was trying to sell the software, so I used currency futures volume for some months but I came to the conclusion that tick volume is very reliable, you just need a good ECN broker (but that's another topic).

 

Regards

[Bardayson 10]

I use tick volume, is based price updates every tick, and these updates show us how much activity was in the bar.

 

I get your point, I was very skeptical the first months. Gavin from Tradeguider is always telling us that tick volume is the right option when you don't have actual traded volume (like in spot forex or CFDs) but the first months I believed this was just because he was trying to sell the software, so I used currency futures volume for some months but I came to the conclusion that tick volume is very reliable, you just need a good ECN broker (but that's another topic).

 

Regards

 

Hello CurrencySpeculator,

 

I myself also have been doing research for the past of couple of days regarding finding a good trading platform especially for Mac, and of course as being keen on VSA a reliable vendor for volume data. Do you mind let me know how did you solve this problem? If not openly here in the thread, you can PM me and advice me which trading platform and volume sources you are using. I have just started to think about opening a demo account and will test myself for couple of months before going live. So any advice from all trader friends is welcome and highly appreciated.

 

Best regards,

 

Bardayson

[BlueHorseshoe 10]

Gavin from Tradeguider

 

Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

[Bardayson 10]

Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

 

Hello BlueHorseshoe,

 

Let me clarify you please. I'm definitely not Gavin. Myself a new wanna-be trader from Turkey Istanbul. So please take it easy when reading and answering posts. No hurry, no stress., just calm down. I frankly and very openly asked to all friends here just to share their experience if they want. Let me point out please that I never been blindly believed in the propagandist attitudes of any kind of trader who claimed to have a perfect, system, trading platform what so ever. I believe in the sincerity of Tom Williams and I don'T trust the guys which commercialized his developments. Amateur soul is way of life. Everything that comes into commercialization could be manipulated. Then I ask myself this question. If the Trade Guider is perfect platform and does everything find and decide on behalf us, why Gavin and other guys stop marketing this tool and trading on behalf their own accounts and become rich. Rich to that level they they will no longer be in need of open any computer screen once again. The question is simple. Without human observation and decision making no perfect mechanic trading system can be developed. That means it won't work. It could help you but not the baton in the hands of the wizard. I never believe in something like this.

 

To be frank I downloaded Ninja Trader but somehow found it little hard to use it. I have always been familiar with MT4 but the volume I don't find it reliable. That is why I asked you guys to find a good trading platform, as simple as possible and a reliable volume feed source. I don't use any kinda indicator not at all.

 

 

I think, I have talked too much. That's enough

 

I hope you understood me.

 

All the best

 

Bardayson

[CurrencySpeculator 10]

Gavin Holmes from Tradeguider (assuming you're not really Gavin) will tell you any crap it takes to get you to buy stuff from him.

 

Read post number 5 by UrmaBlume in this thread:

 

http://www.traderslaboratory.com/forums/beginners-forum/17853-i-am-not-rich-do-i.html#post190640

 

Do you really think that the simplistic nonsense that Gavin pedals is going to help you to take money off these quys? Do you honestly think that if Gavin could make a living from daytrading he would be wasting his time with an education company, and all the associated hassle of dealing with the public? Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

I don't know why you got it wrong, I am not Gavin (lol), nor I recomend TG, I am not even a costumer myself, I believe in the system though, I believe in the principles and I believe that markets are manipulated.

 

I don't understand why you treat me like a child with this part - "Do you have any inkling of how sophisticated the counterparties to yours and Gavin's trades (if he actually trades) are?" - I am not new in this business

 

Gavin used to run VSA seminars for Infinity Futures - why is he now telling you to avoid futures volume?

 

What? Why do you say he is now telling you to avoid futures volume? Never heard that As far as I know, he is more interested in futures.

 

Anyhow, this thread is not about the Gavin Holme's life. It is about VSA and Wyckoff, and the combination between the two. If you believe VSA and Wyckoff are full of BS, then, please go start a thread about moving averages

[CurrencySpeculator 10]

Hello CurrencySpeculator,

 

I myself also have been doing research for the past of couple of days regarding finding a good trading platform especially for Mac, and of course as being keen on VSA a reliable vendor for volume data. Do you mind let me know how did you solve this problem? If not openly here in the thread, you can PM me and advice me which trading platform and volume sources you are using. I have just started to think about opening a demo account and will test myself for couple of months before going live. So any advice from all trader friends is welcome and highly appreciated.

 

Best regards,

 

Bardayson

 

I am currently using cTrader's platform and my broker is IC Markets, it's very reliable in my humble opinion. You should try a demo and check their data feed. I don't know if you can use it on a mac. Esignal data feed is also very very good but you need to pay for it.

 

Truth is spot currency market is very fragmented, unless you use professional terminals (like Bloomberg's or Reuters) the data feed will always be not-perfect BUT I've found that cTrader platform gathers a nice few reliable banks to get the data from, this allows us to relay on tick volume as a proxy. Remember, we are interested in activity and the reaction of the price to that activity.

 

I know a few traders that use Dukascopy for the data feed, you could give it a try on a demo too.

 

In the end, if you are not comfortable you can always get currency futures data feed for the volume analysis and make the trades accordingly to that in the spot forex market, which was what I did for a few months at the beginning because of my skepticism

[CurrencySpeculator 10]

 

If you're not just a shill then I urge you to avoid Tradeguider and all similar companies like the plague - you'll have lucky spells, but eventually you'll lose all your money.

 

BlueHorseshoe

 

Didn't got this part earlier. I understand your concern. I am not a TG costumer , I don't like the way they sell their stuff. Plus I don't wan't a software to tell me "what is going on in the market". It was my journey to learn this on my own trial and error way. It will always be my personal journey as I consider myself an always student of the market.

 

Cheers, mate.

[tradingwizzard 10]

Hello BlueHorseshoe,

 

Let me clarify you please. I'm definitely not Gavin. Myself a new wanna-be trader from Turkey Istanbul. So please take it easy when reading and answering posts. No hurry, no stress., just calm down. I frankly and very openly asked to all friends here just to share their experience if they want. Let me point out please that I never been blindly believed in the propagandist attitudes of any kind of trader who claimed to have a perfect, system, trading platform what so ever. I believe in the sincerity of Tom Williams and I don'T trust the guys which commercialized his developments. Amateur soul is way of life. Everything that comes into commercialization could be manipulated. Then I ask myself this question. If the Trade Guider is perfect platform and does everything find and decide on behalf us, why Gavin and other guys stop marketing this tool and trading on behalf their own accounts and become rich. Rich to that level they they will no longer be in need of open any computer screen once again. The question is simple. Without human observation and decision making no perfect mechanic trading system can be developed. That means it won't work. It could help you but not the baton in the hands of the wizard. I never believe in something like this.

 

To be frank I downloaded Ninja Trader but somehow found it little hard to use it. I have always been familiar with MT4 but the volume I don't find it reliable. That is why I asked you guys to find a good trading platform, as simple as possible and a reliable volume feed source. I don't use any kinda indicator not at all.

 

 

I think, I have talked too much. That's enough

 

I hope you understood me.

 

All the best

 

Bardayson

 

I hear you man, same here with Ninja...

 

TW