VSA with No Supply and No Demand trading Strategy

@therealInsideBar

My question to you is do you actually trade?? If so what do you believe are the best indicators to use?? How do you trade??

I hear lots of criticism from you so if you are prepared to criticise how about you impart some constructive criticism on us poor miss guided traders. Please share your wisdom.

Blackduck

The Wyckoff system is built totally on the theory of smart money moves the market. And Wyckoff is a very valid system.

Blackduck

Geez, I thought my name would give it away. I simply trade naked off price. Its the only piece of information we get on the underlying asset. Price vs time. I trade block breaks using the template of the smartest folks here on BP. They burn candles to save the planet and drive around in old cars. But they have 4 simple rules. Identify, filter, execute and manage.

I have my own brain and think for myself. I learnt programing and have spent 1000’s of hours backtesting against tick data from dukascopy. I have spent even more time staring at the screen live.

I don’t tolerate fools and am here to kick ass and chew bubblegum. But I’m all out of bubblegum.

I don’t share what has taken me years to figure out. I’m old school who took advice from members like clarkfx, rambo35, martink, tradeviper, thefisherman, bob, mrgone, emeraldoc to name a few. members who have been banned or no longer frequent this site.

But I wont take up this thread with my shite. I’ll offer some insight soon.

But the EURJPY is on my watchlist


The rectangle indicates a block break. A block is simply an inside bar but viewed on a lower timeframe

And smart maoney is a ICT term and we all are familar with that idiot plus Wyckoff was developed like most for stock, futures etx in centralised markets where real volume could be measured, not CFD in OTC markets

I am certainly not going to argue with that as I am a price action trader. You are right when you say price and time are the only piece of information because price is what is happening right here right now.

It depends on how you view the world of trading but I find with futures and options volume is a valuable asset to my trading. With the spot FX market, a market I don’t trade a lot, I like to use volume at price.

Whatever floats your boat I guess.

Blackduck

Capital is the key restant. I simply don’t have the capital to trade futures. I would if I could but I can’t so am left with no other option but CFD in th retail market

Interesting premise all around. Will be interested in your continued analysis. :+1:

Correct. If you can get that capital and trade futures it is the way to go. I find the futures market is a far more stable market that seems to run true to price and time. Although the last few days it has been like watching paint dry as futures traders awaite the outcome of next weeks presidential election.

I only have one active trade and that is on oil. I’m down $40 if it gets to break even I’m out as I think this week is s waste of time to trade.

Blackduck

So Before i get into the entire thing about Volume Bars:

3 things to point out to @therealInsideBar, how are you back testing for years of your price action if that has to do with your chicken gum chewing, When back testing has to do with historical data.
Second thing is we trade pretty much same way i just use Volume bars as a way to spot the exact price action happening now, instead of just looking at long candle for example.

(Never claimed this is a centralized market, that’s why i call them Volume Bars and not pure Volume).

Third call it what you want smart money, Market Makers, Banks, Institutions, Whatever (they are the movers of the markets, be it Futures, CFDs, Stocks, Forex, Commodities, etc.

@steveepperson , @Blackduck , and others ill just reply here and expand on what i see with VSA:

I always take into factor news and major events, also not to mention market opens in different time zones for if Volume spikes happen.

2 pointers:
If i was looking a long body candle and price moved in a certain direction, what helps me point out if price will continue in that direction is Volume Bars (based on How liquid price was getting hit back and forth).
When i see price going in one direction and Volume Bars keep Increasing, then all of a sudden Volume Bars get much lower ( indication to me that MM are no longer able to get the price they want and start going in the opposite direct as i showed with EU and Gold in both those Screenshots.)

I will elaborate more later on why I use No Demand and No Supply as a confirmation to get in the trade.

P.S. Price action is how i trade, i confirm my trades with Volume bars when to entire so i am not just relying on channels, breakouts, and boxes as some other traders look at :sweat_smile:

This is your mate steveepperson on forexpeacearmy 4 years ago

" Thank you Dale. This is one of the few e-mail addresses I look forward to getting in my in-box. I speak for all your students when I say we appreciate your hard work. In the very short time I have been your student, I have increased my account by about 12%. This even though I have more losses than wins. Your instruction works well. Your site is now the only site I get on for forex price action instruction. Again, thanks. I am looking forward to studying trend lines with this new article."

People are just stupid. Steve is a sheep and a jumper yet over the years he has sold himself as a preacher. He is also sensitive and now I have to file a hurt feeling report with my manager. As I said execution is just part of the equation, but it’s the sexy bit that sells. How we identify, filter and manage a trade is where the hard work is at.

Tick data is heavily filtered by each broker. Even across platforms. I use IC Markets. cTrader has the heaviest filtered ticks, followed by MT4 then MT5. This differs from the charting platform on tradingview. Dukascopy has good volume but it is still different from say ProRealTime or Kinetick. So what volume do you believe.

By default volume increases at market open, news events or economic sediment. So what are you really using, volume or time. And by the time you get confirmation the move is already over. Take the EURJPY I posted last night.


Today it has broken through the lower trend lines so now I’m looking for a retracement for a better entry point. What that entry point will be I don’t know. Will it come today, I don’t know. Will I be clever enough to see it, I don’t know. The bus doesn’t stop for long but then again, another bus will be along soon. I just have to be ready.

Alas, I am bored now. As long as you dont invite me back in I’ll leave you alone to your hocus pocus mumbo jumbo. If you have something new to offer then take credit for it, but if you are just regurgitating the filth spread across these forums then give credit where credit is due

Again you came to me when I introduced myself, I never claimed, you or anyone else can’t claim these days they created something knew in trading. We just change our way of entering a trade based on our knowledge.

See you look for price to react to certain areas, I look for volume bars plus price to react In certain areas. The difference is you don’t see a need for volume bars but I can’t trade blind like that.

As for time frames, I said I take the market opens plus news into consideration when looking at the volume bars…
Tick action is all about the bid and ask so… As for certain brokers with their volume bars, I did mention it’s a double edge sword. I personally don’t take one over the other I look at multiple brokers to make sure before I take the trade

Research this fella and read through this thread, The VIPER Couch

A quick quote from one off his posts

What is your point?? I am fully aware that there is no central exchange in FX and I am fully aware that the use of volume in FX trading is nothing more than a guide at best. So you are telling me nothing new. I don’t know if you know the difference between volume and volume at price. I have posted a chart of the EUR with volume at price bars on that chart. Where there is the strongest volume is called the point of control and it is normally where there has been or is accumulation or rather consolidation of price and you can be sure it is a point of high liquidity.

Having said this it is again only a guide but viewed by me as a point of interest and I will watch price action at that area for potential trades.

One thing that I will say is I find it strange when traders say I don’t want to reveal my trading strategy or the way I trade for fear that someone will copy my trading style and steal my edge. This is nonsense. I don’t care who I tell about the way I trade because I can tell a dozen people and I guarantee that they will not be able to make money because they don’t see the charts the way I do. I am a discretionary trader and I see what is happening and know what is going on. That takes a loooong time to learn and even then some never learn that skill. Having said that I don’t always get it right and that is just trading.

In regards to Wyckoff, Wyckoff is a very old style of trading that has stood the test of time. But it was designed for the stock market and it is very affective. It can be used on commodities but I give it little value with the Spot FX Market.

I will say this. Who cares how people make money in this game. I certainly don’t. What works for some may not work for others. There is no right or wrong way to trade. You just have to know how to trade successfully.

Blackduck

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Well said @Blackduck , but again i would ignore the other guy. As you can see his only thing he can say and bring is volume is not real on FX and from the beging no one said it was real except that its a guide to see what is happening with price, but anyways @blackduck keep it up and trading suites everyone differently as you said.

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Hi again on Election day Volume bars with Supply Demand Zones and No Demand or No Supply come through, a quicker drop then expected at this supply zone that i will show.

Also all the smart money was talking about yesterday was price stay where it is or go higher, but charts show otherwise with volume bars.

PS. i am showing my Instagram link so some don’t think i am posting after the fact, but i did post as it was happing. https://www.instagram.com/p/CHJcwsLF5NX/?utm_source=ig_web_button_share_sheet

Also this was my analysis on it yesterday from YouTube i posted…

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I too believe that our trades are somehow based on historical data. As long as you are reading price action, you can be right.

I think this is a very good analysis, it’s more fruitful than simply looking at price and trading. However I feel if this would coincide with supply or demand zones, it would give a more clearer indication.

People and even machines are moving in cycles, so those cycles will repeat and you can spot them. I made a video on my Youtube about what Gold did in the month of December for the past 5 years and it did it again this year, its like clockwork.

Ya it will not work for me personally without Zones, which i show in all the pink areas on my videos

There are a number of chart patterns in the market that help you understand the price movements. I don’t think that it is necessary to learn all of them. You can learn at least one of them properly and make your decisions accordingly.

Again how i determined Gold would rise off zones with Volume indicating that there was no break out to the down side after we broke the low… As you can see my video i made it showed that Volume was very high for that time of Day after we broke and then a bullish reaction.