Scribd Logo
Upload

Welcome to Scribd!

  • 4K views

    VSA Trade Set Ups

    Uploaded by

    pirriper
    - Volume spread analysis (VSA) uses volume to identify key support/resistance levels and turning points in markets. It focuses on periods of unusually high or low volume. - VSA traders look for "trigger numbers" which are price levels with historic high/low volume that often act as support/resistance. They also analyze multiple timeframes and trade in harmony with the overall trend. - Successful VSA traders are disciplined, have strong risk management, take consistent small profits rather than being greedy, and maintain a contrarian, optimistic mindset even after losses. They carefully study past winners and key patterns like "bag holding" and "hidden upthrusts".

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    VSA Trade Set Ups

    Uploaded by

    pirriper
    4K views28 pages
    - Volume spread analysis (VSA) uses volume to identify key support/resistance levels and turning points in markets. It focuses on periods of unusually high or low volume. - VSA traders look for "trigger numbers" which are price levels with historic high/low volume that often act as support/resistance. They also analyze multiple timeframes and trade in harmony with the overall trend. - Successful VSA traders are disciplined, have strong risk management, take consistent small profits rather than being greedy, and maintain a contrarian, optimistic mindset even after losses. They carefully study past winners and key patterns like "bag holding" and "hidden upthrusts".

    Original Description:

    Volume SPread ANalysis

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    - Volume spread analysis (VSA) uses volume to identify key support/resistance levels and turning points in markets. It focuses on periods of unusually high or low volume. - VSA traders look for "trigger numbers" which are price levels with historic high/low volume that often act as support/resistance. They also analyze multiple timeframes and trade in harmony with the overall trend. - Successful VSA traders are disciplined, have strong risk management, take consistent small profits rather than being greedy, and maintain a contrarian, optimistic mindset even after losses. They carefully study past winners and key patterns like "bag holding" and "hidden upthrusts".

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4K views28 pages

    VSA Trade Set Ups

    Uploaded by

    pirriper
    - Volume spread analysis (VSA) uses volume to identify key support/resistance levels and turning points in markets. It focuses on periods of unusually high or low volume. - VSA traders look for "trigger numbers" which are price levels with historic high/low volume that often act as support/resistance. They also analyze multiple timeframes and trade in harmony with the overall trend. - Successful VSA traders are disciplined, have strong risk management, take consistent small profits rather than being greedy, and maintain a contrarian, optimistic mindset even after losses. They carefully study past winners and key patterns like "bag holding" and "hidden upthrusts".

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 28

    VolumeSpreadAnalysisTradeSetUps

    GavinHolmesandSebastianManby

    VolumeSpreadAnalysisTrade SetUps
    Introduction.
    PointstoRemember. MainPrinciplesofVSA The5%WhoWin. IdentifyingTriggerNumbers. ThePlayingField&MultipleTimeFrames Shortingafterweakness GoingLongafterstrength

    SomePointstoRemember
    Eachofusareunique.Wehavedifferentaccountsizes,losstolerancelevels, experiencelevels,differentwaysofviewingthings(twopeoplecanlookatthe samemountainfromthesameplaceandseeentirelydifferentperspectives),and differentlevelsofselfdiscipline. VSAprinciplesapplytoallmarketswherethereisvolumeavailableandinall timeframes. KISS KeepItSimpleStupid.Nothinghereisrocketscience.VSAisverylogicaland isbasedonprinciplesthathavebeenaroundfordecades. Takeaholisticapproachtoyourchartanalysis. DefinitionofHolistic Emphasizingtheimportanceofthewholeandtheinterdependenceofits parts. Thinklikeapredatorandnottheprey. AlwaysBELIEVEyouCANmakemoneyandhavetherighttomakemoney. DONOTtradeifyouareinabadmood!! Visualizeyourwinningtradesandstudypreviouswinnersclosely.

    PointstoRemember Contd
    Startwithatopdownapproach,lookingforareasofaccumulationand distributioninthelargertimeframe. Alwaystradeinharmonywiththetrend,unlessyouareveryexperiencedat countertrendtrading. Puttheoddsinyourfavour,watchtheparentindex.Iftheparentisfallinganda stockisrisingyouwouldbepushingyourlucktogolongagainsttheparent. Selectstockstobuythatareoutperformingtheparentwhentheparentismoving upasthesearebeingheavilysupportedbyprofessionals. Selectstockstoshortthatareunderperformingtheparentandseemtorefuseto goupwiththeparent,thesearenotbeingsupportedbytheprofessionalsor maybestillundergoingdistributionsoarenotready. Identifyturningpointsusingsupportandresistanceareas,notinganyunusual volumeactivity. Alwayslookatthebackgroundofachart,itholdsvitalcluestotherightedge. Remember,anythingseeninhindsightwillbethereagainattherightedge.

    MainPrinciplesofaVSAStrategy
    Allpatternsseeninthepastwillbethereattherightedgeof yourchart,buttheywillcome indifferentintensities. VSAisadiscretionarymethodologythatstillrequiresdisciplineandmoneymanagement. VSAismuchmoreeffectivewhenusedwithsupportandresistance andwithElliotWave analysis.(UsedbyWyckoff). Youmustusemorethanonetimeframetoseethebiggerpicture. Ifyoulistentonews,haveaverycontrarianviewofthecontentswhentakingaposition. Thechartneverlies,relyonyourchartingskills. Becomefamiliarwiththepersonality oftheinstrumentsyoutrade. Alwaysuseastoploss,youcanneverbe100%right. AlwayspayextraattentiontoUltraHigh/Lowvolumeonthechart whenitappears. Askyourself,whataretheSmartMoney doinghere. ManyVSApatternsrequire2or3barsforconfirmation,likecandlesticks,sodontrushin. Volumeisthekeytothetruth,ignoreitatyourperil.

    The5%WhoWin
    Belief Visualization seeingthewinners/cuttinglosers Contrarian Thinkasanindividual ExpertChartReadingSkills HighlyDisciplined Spiritual Openmindedandwillingtohelpothers. Expecttoreceiveanddosograciously ExcellentRiskManagementStrategies. Alwaysabletostayinthegame!! Takeconsistentandsmallprofits NOTGREEDY.(AliBaba) Arealwayshappyandcontent.

    IdentifyingTriggerNumbers

    WhatisaTriggerNumber
    Anareaofultrahighorultralowvolumeatapricelevelseen inthepastwherethemarketrespondedorturnedandisnow atthesamepricelevelattherightedgeofthechart. ThispricelevelwillbeseenbySmartMoney andoften theseareasactasstrongareasofsupport/resistance. PivotPoints/Top&BottomofTrendChannels/Trend Clustersuncannilyappearattheseareas. Higherprobabilitytradesandstoppositioningsetupatthese levels.

    DrawingThePlayingField

    OverboughtandOversoldZones

    ClimacticActionInTheOversoldZone

    VSASetUpsLongandShort
    TheTestAfterTheShakeOut. ProfessionalMoneyBagHolding TheHiddenUpthrust AfterWeakness EndofaRisingMarketFollowedByNo Demand.

    BagHolding ProfessionalMoneyOpeningTheBagToCatchTheSellOrders

    TheHiddenUpthrust AStrongSignofWeakness

    TheTestAfterTheShakeout AStrongSignofStrength

    EndofaRisingMarketFollowedByNoDemand GavinsFavorite ShortSetUp

    You might also like