VSA for Forex

[tradebetter 10]

Hello, I am new to this forum, I have been through alot before I found Jesse Livermore and this forum, I am a forex trader, I am using Meta trader 4.

 

1.Can some one with VSA knowledge to comment if I can trade forex with VSA or VSA is only for stock?

 

2. If from your experience, VSA is good for forex, which platform should I use instead of MT4?

 

3. I was directed to this forum from: http://tradingmentor.net/index.html , the owner of this site says that this VSA forum covers more than enough for the entire VSA methodology, so as a beginner, how should I begin since there are tons of info kept in this forum?

 

 

I appreciate for all your attention.

 

I wish we will all succeed in the business of trading!

 

Thanks

 

tradebetter

[sevensa 10]

Hello, I am new to this forum, I have been through alot before I found Jesse Livermore and this forum, I am a forex trader, I am using Meta trader 4.

 

1.Can some one with VSA knowledge to comment if I can trade forex with VSA or VSA is only for stock?

 

2. If from your experience, VSA is good for forex, which platform should I use instead of MT4?

 

3. I was directed to this forum from: Home , the owner of this site says that this VSA forum covers more than enough for the entire VSA methodology, so as a beginner, how should I begin since there are tons of info kept in this forum?

 

 

I appreciate for all your attention.

 

I wish we will all succeed in the business of trading!

 

Thanks

 

tradebetter

 

You should begin by reading the VSA threads and take notes. If you do, you will see that all your questions are answered already.

[tradebetter 10]

Thanks for your reply Sevensa, I have just started reading the material in this forum.

 

 

Do you believe one can trade profitably once he/she finished learning all material here, what I mean is to trade based on VSA alone?

 

Thanks

 

tradebetter

[sevensa 10]

Thanks for your reply Sevensa, I have just started reading the material in this forum.

 

 

Do you believe one can trade profitably once he/she finished learning all material here, what I mean is to trade based on VSA alone?

 

Thanks

 

tradebetter

 

What I believe is really irrelevant and you shouldn't base your decisions on what some guy on the internet is telling you. What I do believe is that if you read this material that you will understand what VSA is about and that you wouldn't have to spend $1000's on training and software. I cannot tell you if you will be able to be profitable with it. Some will, some won't.

 

You will just have to read and decide for yourself if this make sense to you. If it doesn't, then move on to something else. There are numerous ways to trade successfully and not just one correct way. However, just because something works for one person, doesn't mean it will work for you. If you are not comfortable with something, then you will not be successful, no matter how wildly successful someone else is.

[tradebetter 10]

Again, thanks for your reply Sevensa, I totally agree what you are saying.

 

Beyond the topic, do you think VSA fits you? How long have you studied VSA? Do you consider yourself a VSA trader? Or you do combine other methodology when trading?

 

What else do you apply beside VSA ?

 

 

Happy trading.

 

tradebetter

[bunny 10]

Hi tradebetter,

I cannot answer all your questions, but would just like to share my observation,

 

VSA works best on EOD charts rather than intraday timeframes such as 1-min, 3-min, 5-min, 15-min, 30-miin, 1 hr, etc.

[tradebetter 10]

Thank you for your reply bunny, I appreciate it. Do you think one can master VSA once he/she finished reading all material in this forum?

 

Thanks

[bunny 10]

I have not gone through all the VSA material on this forum. I have learnt VSA from Tom Williams' "Master the Markets". Its a free ebook which can be downloaded from http://www.tradethetruth.com/pics/mtmv3.pdf

 

I find it pretty accurate(than most common technical indicator) when it comes to outlook for the next day or the coming 2-3 days.

[tradebetter 10]

yeah, I have that book two, now I am reading his first book "THE_UNDECLARED_SECRETS_THAT_DRIVE_THE_STOCK_MARKET", 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?

[emios 10]

you could use VSA for micro forex futures. They have a lower margin requirement, and have a centralised exchange.

[shreem 10]

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:)

[bunny 10]

THE_UNDECLARED_SECRETS_T HAT_DRIVE_THE_STOCK_MARKE T is same as Master The Markets. I think its the earlier version.

[VolumeJedi 10]

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.

[emios 10]

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.

[tradebetter 10]

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!

[bbj_anchor 10]

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

[larsdelgars 10]

not surprising considering tradeguider is a scam company.

[cashup 10]

Hi! I'm also new here and trading forex.

 

Volume in forex is not and can't be based on trasactions made in a session but it's bases on ticks. So i think the VSA works on forex too and very good. Acctualy it works on every market.

So does it matter which broker or platform you trade with? After all the ticks are generated from all traders around the world.

 

Regards

[BlowFish 10]

Hi! I'm also new here and trading forex.

 

Volume in forex is not and can't be based on trasactions made in a session but it's bases on ticks. So i think the VSA works on forex too and very good. Acctualy it works on every market.

So does it matter which broker or platform you trade with? After all the ticks are generated from all traders around the world.

 

Regards

 

I don't think they are you will see they vary quite a lot broker to broker (bookie to bookie). Some only show (or seem to show) ticks from their own customers. It also seems that most retail traders that rely on this info use esignal for FX tick's as it is apparently one of the more complete feeds. Even so, as there are no reporting requirements quite a lot does not get reported!

[cashup 10]

Really? I'll try the eSignal now.

 

Regards

[BlowFish 10]

Dunno if you know FX ticks are different to ticks in other markets. In FX it is actually bid ask changes that are reported as ticks where as other markets it is actual transactions.

 

I looked at some of the popular MT4 'brokers' and things just seemed kinda 'off' to me (and very low tick values). The traders that post here (and elsewhere for that matter) and use tick data for FX seem to favour esignal as apparently it is a more complete feed. Just wanted to make it clear that esig was not my recommendation

[cashup 10]

Yeah, I've read in this and other forums that the esignal in their opinion is the most accurate tick data provider.

 

Regards

[cashup 10]

Is it better to use futures for analysing volume, like Euro fx continuous?

 

Btw...what's the difference between Euro fx continuous and Eur fx march 2010?

 

 

Regards

[razzbarry 10]

You should start by reading Tom Williams book Master the Markets, free download from 4shared.com - document sharing - download Master the Markets by Tom Williams.pdf

 

Print it so you can write notes on the pages. Office Max will spiral bind it for your for about $4. Once you have read it, read it three more times. It is impossible to understand it reading only once. Then if you have access to a trading program such as AmiBroker start apply what you learn by looking at volume and price charts and try to understand what is going on. If you have a broker that allows you to paper trade make trades based on your understanding. To get competent this will take months, or longer.

 

Cheers,

Barry

[razzbarry 10]

I don't agree that one time frame is better. But that is still up in the air. VSA is supposed to be fractal I trade futures intra day. Another guy and I are writing a VSA program for AmiBroker. The original is for EOD and I am updating it to work with intra day data. A crucial part is making sure it correctly displays the conditions Tom Williams defined in Master the Markets.

 

I am currently using it to trade Russell 2000 e-mini, TFMO, contracts on Interactive Brokers simulated account. It appears that VSA scales well regardless of the time frame used. When I am trading I look at three charts - 1, 5 and 15 minute charts using IBs live data feed.

 

One major problem with intra day data is that the volume for off hours is way off from normal trading hours. One would have to write a formula that will only average the day or night session so that the volume is not misleading. I wrote two programs for AmiBroker that does this for volume and spread averages. Both the spread and volume are key to getting VSA signals right.

 

Another problem is getting it to display the support, resistance and trend lines correctly. They are needed to help interpret the conditions that pop up relative to price and volume.

 

Once you have the trading platform set up you can look at the charts and decide when to take a position.

 

Barry