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Trading BTC w/ VSA Volume Spread Analysis (PnL Proof Per Trade)

  • #21
  • Jan 22, 2020 4:07pm Jan 22, 2020 4:07pm
Drop in BTC imminent

Short 8674
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  • #22
  • Jan 22, 2020 9:29pm Jan 22, 2020 9:29pm
This looks like a good system, but could you explain a little more on how to trade it? The entry/exit rules are kind of hazy for me.
  • #23
  • Jan 23, 2020 3:52am Jan 23, 2020 3:52am
I want to know more details too, looks good so far
  • #24
  • Jan 23, 2020 4:04am Jan 23, 2020 4:04am
Out at 8450, +229 pips profit




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  • #25
  • Jan 23, 2020 4:11am Jan 23, 2020 4:11am
Sure, it's based on Volume Spread Analysis which is a variant of the Wyckoff method which is over a hundred years old. I recommend reading Master the Markets by Tom Williams for a comprehensive explanation of this method but I'll incorporate some of the process with each trade going forward.

As for the last trade, there was significant weakness in the sideways market of the last few days. Each large spread bar and it's corresponding very high volume signify either hidden buying or selling, I call these bar configurations "Climactic Action" bars and in the previous sideways market there were several pointing towards hidden selling - I've highlighted these areas below:


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Please let me know if you have any questions, I'm happy to answer them

Quoting Doji-Star
This looks like a good system, but could you explain a little more on how to trade it? The entry/exit rules are kind of hazy for me.
  • #26
  • Jan 25, 2020 10:22am Jan 25, 2020 10:22am
[BTCUSD 1H] This may appear to be accumulation but it is distribution

Looking for a trap-up move, large reversal to the downside, or climactic up bar to get in short - there will likely be an opportunity near the daily close in several hours
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  • #27
  • Jan 25, 2020 5:08pm Jan 25, 2020 5:08pm
Short BTC 8362

Short EOS 3.553

Targets 8300 and 3.533


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  • #28
  • Jan 26, 2020 8:22am Jan 26, 2020 8:22am
The EOS trade hit the target but the BTC trade didn't get filled even though price went to 8298 and the limit order was at 8300 - I set my target too close too resistance once again - need to train myself to subtract 15-20 pips from each trade to account for this. I'm still in the BTC trade as the past several bars seem like hidden selling and could be a wedge to force price down (another large climatic up bar was needed before the move down anyway)
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  • #29
  • Feb 4, 2020 9:49am Feb 4, 2020 9:49am
Longs are risky now, there is a very good short opportunity setting up in BTC - safe to go short if the next 1H bar closes down


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  • #30
  • Feb 13, 2020 8:44am Feb 13, 2020 8:44am
This will be like a wedge that pushes BTC higher

A powerful combinations of bars (failures)



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  • #31
  • Feb 20, 2020 2:40pm Feb 20, 2020 2:40pm
Quoting GreyPool
My primary system for trading the markets is Volume Spread Analysis which is a variant of the Wykcoff method which goes back almost a century. In this thread I'll detail trade setups and the system in general. I welcome feedback and any recommended improvements. Just went short at 7300 for a quick trade to 7265 to ride the weakness from yesterday's failed upmove on the Daily and the weakness evident in the bar groups I've highlighted in the image below. {image}
hi
thanks for sharing
plz Where can I find the best resources for learning this method of trading?
  • #32
  • Oct 31, 2020 7:30am Oct 31, 2020 7:30am
Breakout in progress and a subsequent LPS likely to follow in BTC after re-accumulation:
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  • #33
  • Nov 5, 2020 9:46am Nov 5, 2020 9:46am
Clear Path to 17000 - Unobstructed Buying
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  • #34
  • Nov 8, 2020 7:20pm Nov 8, 2020 7:20pm
Break of 15800 Resistance Imminent, next stop is 16440

Today's close completes a reversal on the Daily which is a powerful signal and reconfirms the move up to 17000
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  • #35
  • Nov 8, 2020 8:01pm Nov 8, 2020 8:01pm
Quoting GreyPool
The EOS trade hit the target but the BTC trade didn't get filled even though price went to 8298 and the limit order was at 8300 - I set my target too close too resistance once again - need to train myself to subtract 15-20 pips from each trade to account for this. I'm still in the BTC trade as the past several bars seem like hidden selling and could be a wedge to force price down (another large climatic up bar was needed before the move down anyway) {image}
Hi GreyPool, how do you distinguish hidden selling from hidden buying?

thanks,
  • #36
  • Nov 8, 2020 8:20pm Nov 8, 2020 8:20pm
Hidden buying can broadly be seen in accumulation phases but on a per bar basis by the spread, close and volume level of a bar, for example, a large spread down bar closing off it's lows with excessive volume would indicate hidden buying and the opposite scenario for hidden selling - I hope that makes sense.

Let me know if you have any other questions. Thank you for your interest
  • #37
  • Nov 9, 2020 6:22am Nov 9, 2020 6:22am
Entered Buy Order at 11534
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  • #38
  • Nov 12, 2020 7:50pm Nov 12, 2020 7:50pm
Quoting GreyPool
Hidden buying can broadly be seen in accumulation phases but on a per bar basis by the spread, close and volume level of a bar, for example, a large spread down bar closing off it's lows with excessive volume would indicate hidden buying and the opposite scenario for hidden selling - I hope that makes sense. Let me know if you have any other questions. Thank you for your interest
thanks for your reply
  • #39
  • Nov 13, 2020 1:20pm Nov 13, 2020 1:20pm
New Breakout up in BTC looks likely soon
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  • #40
  • Nov 21, 2020 11:26am Nov 21, 2020 11:26am
The inability of price to break the 18900 level suggests a sharp move back down to at least 18000 is likely

If 18000 doesn't hold the next stop is 17k
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