I am new to trading and would like to get some thoughts on what analysis people use.
I’ve heard of something called Volume Spread Analysis that is suppsoed to be very effective and accurate.
Any thoughts from anyone?
Step right over here…
http://forums.babypips.com/newbie-island/41475-supply-demand-vsa-wyckoff-petefader.html
Thanks Sweet Pip, I’ll look through this.
YEH I TRADE THAT METHOD ITS QUITE EFFECTIVE CHECK OUT MY VIDEOS
TRADING THE AUDUSD PAIR USING VSA METHODOLOGY
Thanks everyone! So, I have done more research on Volume Spread Analysis and found there are a few companies that offer Volume Spread Analysis software. Forexfactory, informedtrades, and TradeGuider. Any opinions on these?
Nothing is 100%, the be closest I have come is by using patterns. Patterns always repeat because humans repeat and if you can find an edge (like harmonic patterns) then you would clearly understand why so many people are starting to trade this way.
Yes, forget the products, learn it properly for yourself, it will take more time than you think, but in the end you will end up a better and more profitable trader than you would be using the products, IMO!
Yea me again. The old thread guy. I’ve been interested in this method since I started looking into it. It actually seems easier to learn this method. But, on the other hand, I can’t find much material on it. The software mentioned is expensive and the VSA web site with a guy named Gavin something on it is very expensive. Probably good stuff and a lot of the software now days looks really user friendly. But then again there is always a catch. Pete Fader’s video’s seem to be the only real information I can find on VSA, that is free that is, but he seems to lack on the basics, which I think is important for a beginner. Don’t mean to be mean Pete, Appreciate the knowledge. Maybe some reading on Wycoff might give some basics to it. Like in distribution you have a wide spread bar with high volume, i guess at the start of distribution, which is a sign of weakness. No more buying by the pro’s. So the next bar is a down bar, which is lower than the weak bar with a low close, A reversal. So this is a sign of selling off by the pro’s then more smaller spread bars, more selling by the pro’s, watch out, look for closing signals in the middle of the bars. But it is a little vague. If a person could get this down in his head as to where the testing and bla bla bla is, then he could make a go of it. Or maybe just get on the fastest Roller Coaster you can find and go for a spin, then maybe you can rethink your position, or where your at!
Oh yea, I forgot, He Haw! The Trade guide software video, that is!The guy talking, Sounds like an Asteroid landing on Planet somewhere!
YEH I TRADE THAT METHOD ITS QUITE EFFECTIVE CHECK OUT MY VIDEOS
Read more: 301 Moved Permanently
Was checking out your video, and I do plan on checking out your other videos. But, I do have a few questions about VSA, and you can call me stupid, but I have been reading and reading “Master the Markets” by Tom Williams, over and over and it is the hardest stuff I have ever had to comprehend. I am just now getting a grasp of it, or at least I thought, until I saw your video. Be nice to have his Trade Guider software, but at 3000 bucks, I think I’ll pass. So, here are my questions. I hope I get some answers. Upthrust bars, does the close have to be high or low or does it matter. If you have a high close does this mean buying or selling by SM. Supply or Demand. I take it an upthrust is a sign of weakness, so I am assuming there is more supply than demand, is the SM selling or buying on an upthrust. I mean you got the retail traders and the SM, but how do you tell who is buying or selling./Test bars. How do you recognize test bars and by looking at your video I guess a test bar can appear anytime after an upthrust. Do test bars have to have an upthrust before they appear. I pretty much understand No supply and no demand bars, they are usually on low volume with smaller spreads, and a no supply would be on a downbar on low volume and small spread and a no demand is on low volume with a middle or high close. Well, I could go on and on, but I need to get a few things cleared up. Thanks for the help and the video’s.
I agree
I have since learned more about VSA. True, tis hard to understand at first, and still a little vague, but it has added a lot to understanding the markets. Still not pefect. Wyckoff made a lot of money using Supply, Demand and Smart money techniques, but he traded stocks and Wyckoff himself stated how difficult it is to trade and having to have a keen eye and observation. He also used Relative strength. Using the Stock indexes to pick the best stocks. In my opinion, one should probably have a knowledge of Cross Pairs in Forex and watch for the best trading opportunities, while applying this method.