Volume/Range/High Low and Close--reading and application

[tech/a]

For those interested.
Playing around with VSA on the SPI.
Have found 15 min timeframes the lowest where VSA is of any value due to liquidity and range.

Developed a very basic trading method and with limited testing (The current months data).The following results.

31 trades
19 wins
12 loses (Includes B/E trades).
61% win rate.
1 contract
590 Profit pips
144 Loss pips.
R/R 4:1

Still a work in progress.

 

[Trembling Hand]

Tech,

Ticks in futs,

Pips in FX.

 

[sleepy]

Hi John (tech/a),

... was that using VSA on its own - or in conjunction with say Eliot Wave?
... and how much screen time did the trades require ie Real-time or conditional buy/sell orders etc

sleepy

 

[tech/a]

Tech,

Ticks in futs,

Pips in FX.

Thanks.
Should hear me order a coffee!

Hi John (tech/a),

... was that using VSA on its own - or in conjunction with say Eliot Wave?
... and how much screen time did the trades require ie Real-time or conditional buy/sell orders etc

sleepy

On its own,infact only one aspect of VSA.
Only conditional orders are bracket orders for stops.
You would need to have the screen open to watch for the sell signal.

Still at it.

 

[cuttlefish]

Tech are these intraday trades or longer? If intraday - how are you factoring in slippage? (How wide does the spread get on the SPI anyway? I'm often surprised at how wide it can spike at times on stocks like BHP and CBA etc.)

 

[sails]

For those interested.
Playing around with VSA on the SPI.
Have found 15 min timeframes the lowest where VSA is of any value due to liquidity and range. ...

Tech, not sure if this is any use as it's been a good few years since I traded the SPI. However, I do remember finding it beneficial to shorten the time frame in strong, fast moves as way too much price action gets lost in the 15 min bar. Just a thought - maybe something to check out while you're still testing...

 

[tech/a]

Tech are these intraday trades or longer? If intraday - how are you factoring in slippage? (How wide does the spread get on the SPI anyway? I'm often surprised at how wide it can spike at times on stocks like BHP and CBA etc.)

All intraday.Hold time varies from 52 pt max to a couple of ticks on the data I have looked at.As I manually traded the plan I just adjusted the Stop by the slippage (Estimate really).

Tech, not sure if this is any use as it's been a good few years since I traded the SPI. However, I do remember finding it beneficial to shorten the time frame in strong, fast moves as way too much price action gets lost in the 15 min bar. Just a thought - maybe something to check out while you're still testing...

Yes can see that as a benefit,on the data used there was only a few of these.
Finding lower timeframes just dont have enough volume or Range.I've been using 15 and 12 min.But found 2,4 and 8 hard going.

 

[sails]

...Yes can see that as a benefit,on the data used there was only a few of these.
Finding lower timeframes just dont have enough volume or Range.I've been using 15 and 12 min.But found 2,4 and 8 hard going.

Yes, they don't happen often. Although, sometimes around opening and closing time can be pretty fast. I realise it would be difficult to back test - would have to be done manually when live trading.

 

[-Bevo-]

Finding lower timeframes just dont have enough volume or Range.I've been using 15 and 12 min.But found 2,4 and 8 hard going.

Tech have you looked at any other contracts in our region, the Nikkei SGX for example I think it does 3 or 4 times more volume than spi.

 

[tech/a]

No not yet.
Only so many hrs in a day.
Had a good day today using a 4 min chart which worked well.
I notice the last 3 days have had far less volume.
Today was much better.
Been posting on the SPI thread as thats what I'm trading with.