Professional Forex Trader Gives His Opinion about Analytical VSA Trader

Hi my name is Rob Taylor and I am a professional Forex trader and mentor. I teach new and experienced traders how to make money consistently from the markets, by trading with knowledge and understanding.

So what am I doing here you may ask. Well I first came across Leo when he contacted me through Forex Factory about the possibility of creating some VSA related content on my blog. Now I am not a VSA trader myself, but the content he proposed was of high quality, and I felt that it could a benefit to my users, so I decided to publish the content on my site.

After publishing the content I decided to have a look at Leo’s VSA indicator. As I said I am not a VSA trader, but I do use volume as a confirmation on some of my trades. Now a lot of traders say you cannot use volume in Forex trading, as its only tick volume, and it’s not reliable. Well let me tell you here and now, that they are wrong. If you know how to read and understand tick volume, then it’s a really useful tool you can use in your trading.

A lot of traders really struggle with reading and understanding volume. I have spent many hours teaching some of my students how to read volume, and some of them find it very hard to read and understand. So when I had a look at Leo’s VSA indicator I could see that it reads and understands volume in a very similar way to the way I read and understand it, although it is far more advanced than anything I could physically see by looking at the volume data. So I decided to give it a try with the intention of introducing it to my students that were still struggling to read volume.

After using it and testing it myself, I could see that it was a very good tool for analyzing the tick volume data, so I decided to recommend it to my students, and all but one of them that have purchased the indicator has agreed, that it has really helped them to better understand volume, and how to use it in their trading.

I trade pure price action, so I am not a big fan of indicators, but I don’t really see this as an indicator as such – it deciphers tick data and presents the information directly on the chart for the user to see where the buyers and sellers are coming into the market. It also shows no supply and no demand areas too, which is also very useful in my opinion.
The good thing about the VSA indicator in my opinion is it does not just show buying and selling volume for individual candles, it also analyzes multiple candle formations to derive its results, and it has a strength indicator built in, so you can also see when the market is strong or weak, which is a very useful addition. I also find the built in alert system very useful, as you can just set that up to alert you when certain conditions are present on the chart. For example selling in a weak market, or buying in a strong market. So you don’t have to keep staring at the chart all day.

Now you are probably thinking that this review has been put together by myself and Leo to sing the praises of his indicator, but let me tell you this: I have written this review based on my own experiences, and Leo in no way has prompted me to do this, and I am not getting any payment for writing this review. I am merely trying to give an unbiased view, and an honest opinion of his indicator, because I know how hard Leo has worked on this, and he has produced a great product in my opinion, and he deserves some recognition for that.

Rob Taylor is a professional Forex trader and mentor, and runs a Forex training course Hi my name is Rob Taylor and I am a professional Forex trader and mentor. I teach new and experienced traders how to make money consistently from the markets, by trading with knowledge and understanding.

So what am I doing here you may ask. Well I first came across Leo when he contacted me through Forex Factory about the possibility of creating some VSA related content on my blog. Now I am not a VSA trader myself, but the content he proposed was of high quality, and I felt that it could a benefit to my users, so I decided to publish the content on my site.

After publishing the content I decided to have a look at Leo’s VSA indicator. As I said I am not a VSA trader, but I do use volume as a confirmation on some of my trades. Now a lot of traders say you cannot use volume in Forex trading, as its only tick volume, and it’s not reliable. Well let me tell you here and now, that they are wrong. If you know how to read and understand tick volume, then it’s a really useful tool you can use in your trading.

A lot of traders really struggle with reading and understanding volume. I have spent many hours teaching some of my students how to read volume, and some of them find it very hard to read and understand. So when I had a look at Leo’s VSA indicator I could see that it reads and understands volume in a very similar way to the way I read and understand it, although it is far more advanced than anything I could physically see by looking at the volume data. So I decided to give it a try with the intention of introducing it to my students that were still struggling to read volume.

After using it and testing it myself, I could see that it was a very good tool for analyzing the tick volume data, so I decided to recommend it to my students, and all but one of them that have purchased the indicator has agreed, that it has really helped them to better understand volume, and how to use it in their trading.

I trade pure price action, so I am not a big fan of indicators, but I don’t really see this as an indicator as such – it deciphers tick data and presents the information directly on the chart for the user to see where the buyers and sellers are coming into the market. It also shows no supply and no demand areas too, which is also very useful in my opinion.
The good thing about the VSA indicator in my opinion is it does not just show buying and selling volume for individual candles, it also analyzes multiple candle formations to derive its results, and it has a strength indicator built in, so you can also see when the market is strong or weak, which is a very useful addition. I also find the built in alert system very useful, as you can just set that up to alert you when certain conditions are present on the chart. For example selling in a weak market, or buying in a strong market. So you don’t have to keep staring at the chart all day.

Now you are probably thinking that this review has been put together by myself and Leo to sing the praises of his indicator, but let me tell you this: I have written this review based on my own experiences, and Leo in no way has prompted me to do this, and I am not getting any payment for writing this review. I am merely trying to give an unbiased view, and an honest opinion of his indicator, because I know how hard Leo has worked on this, and he has produced a great product in my opinion, and he deserves some recognition for that.

Rob Taylor is a professional Forex trader and mentor, and runs a Forex training course http://www.priceactionforextrading.co.uk/forex-training-course/

0 comments

Write a Comment

Fields with * are required