vsa trade set ups
DESCRIPTION
Volume SPread ANalysisTRANSCRIPT
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VolumeSpreadAnalysisTradeSetUps GavinHolmesandSebastianManby
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VolumeSpreadAnalysisTrade SetUps Introduction. PointstoRemember.MainPrinciplesofVSA The5%WhoWin. IdentifyingTriggerNumbers. ThePlayingField&MultipleTimeFrames Shortingafterweakness GoingLongafterstrength
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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.
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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.
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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.
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The5%WhoWin Belief Visualization seeingthewinners/cuttinglosers Contrarian
Thinkasanindividual
ExpertChartReadingSkills HighlyDisciplined Spiritual Openmindedandwillingtohelpothers. Expecttoreceiveanddosograciously ExcellentRiskManagementStrategies. Alwaysabletostayinthegame!! Takeconsistentandsmallprofits
NOTGREEDY.(AliBaba)
Arealwayshappyandcontent.
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IdentifyingTriggerNumbers
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WhatisaTriggerNumber Anareaofultrahighorultralowvolumeatapricelevelseen
inthepastwherethemarketrespondedorturnedandisnow atthesamepricelevelattherightedgeofthechart.
ThispricelevelwillbeseenbySmartMoney
andoften theseareasactasstrongareasofsupport/resistance.
PivotPoints/Top&BottomofTrendChannels/Trend Clustersuncannilyappearattheseareas.
Higherprobabilitytradesandstoppositioningsetupatthese levels.
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DrawingThePlayingField
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OverboughtandOversoldZones
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ClimacticActionInTheOversoldZone
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VSASetUpsLongandShort TheTestAfterTheShakeOut. ProfessionalMoneyBagHolding TheHiddenUpthrust
AfterWeakness
EndofaRisingMarketFollowedByNo Demand.
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BagHolding
ProfessionalMoneyOpeningTheBagToCatchTheSellOrders
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TheHiddenUpthrust
AStrongSignofWeakness
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TheTestAfterTheShakeout
AStrongSignofStrength
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EndofaRisingMarketFollowedByNoDemand
GavinsFavorite ShortSetUp
Volume Spread Analysis Trade Set Ups Gavin Holmes and Sebastian Manby Volume Spread Analysis Trade Set UpsSome Points to RememberPoints to Remember - ContdMain Principles of a VSA StrategyThe 5% Who WinIdentifying Trigger NumbersWhat is a Trigger NumberSlide Number 9Slide Number 10Slide Number 11Slide Number 12Drawing The Playing FieldOverbought and Oversold ZonesSlide Number 15Slide Number 16Slide Number 17Climactic Action In The Oversold Zone Slide Number 19Slide Number 20Slide Number 21Slide Number 22Slide Number 23Slide Number 24Slide Number 25Slide Number 26Slide Number 27Slide Number 28