Auslanco - GBP/JPY and GBP/USD (newstrade)
- #143,961
- Nov 27, 2008 7:22am Nov 27, 2008 7:22am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #143,962
- Edited 7:27am Nov 27, 2008 7:23am | Edited 7:27am
- Joined Jan 2007 | Status: Trader | 11,838 Posts
pretty good stuff islander, but you cannot use these programs for signal creation, only for explanation of the vsa principles. it is a like or do not like it thingy.
i could never feel confident entering a trade based on a crossover of line x with z, or indicator y turning green, even tough it would produce tons of pips. i need price bars and a volume histogram to pick my entries and give me the "why", even tough i can misread the market
it just depends on your style, but i am sure vsa can improve even a technical trader's entrypicking.
Tom's original VSA program did attempt to give signals, but remember that it was very basic as 'puters back then had little snail paced processors and miniscule memories! - well its was the early 90s http://www.forexfactory.com/images/icons/icon11.gif
I met Tom again in Chicago a couple of years ago at a Traders Expo and he'd sold out, the new guys call their much upgraded program TradeGuider which if I remember correctly does give some signals - but I see that's its had mixed reviews.
Anyway, after starting reading the pdf I can already see already is just an update of the one I've got - lol - somewhere!! - I guess we'll just have to ask one of our "resident" programmers to set us up with a nice indy......please.....
Trading Levels with WRBs
- #143,963
- Nov 27, 2008 7:24am Nov 27, 2008 7:24am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
sorry, been watching movie
and no not taking itmade enough for today....
was at a cable long earlier ran away with 10 pips before it went down.
other than the bullish HD on m30, there's a bullflag on 5m GJ though, we just hit the lower TL, bullish bad on m15 and below...
edit: 4h chart no boeno for longs...
To satisfy my trade hunger .. I took a small long from here .. lol..
- #143,964
- Nov 27, 2008 7:26am Nov 27, 2008 7:26am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
Tom's original VSA program did attempt to give signals, but remember that it was very basic as 'puters back then had little snail paced processors and miniscule memories! - well its was the early 90s...
signals appear, but they need confirmation first in the program to appear as signals. in case of no demands, which i short straight on the close, it is too late, so it is with many other signals.
the best company has bad reviews...in general i think vsa is just ingeniously and the next level of trading..but it needs time and many hundreds till thousands of screenhours to get it into flesh & blood, since it is purely discretionary without fancy buy now-sell now indicators popping up
i wouldn't wonder if many of the guys giving a bad review did not study the stuff around and only flew over the book and wanted to get signals by TG.
you can never put pure vsa into an indicator since, like mentioned before, all decisions are discretionary. you cannot just enter a trade based on vol spikes etc. background is important...relative vol + price action....the story that unfolds which a pc is unable to judge.
- #143,965
- Nov 27, 2008 7:31am Nov 27, 2008 7:31am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
hahaa .. today should be a resting day .. good for you bro. Get together with your family ..
To satisfy my trade hunger .. I took a small long from here .. lol..
with all due respect...you lucky little slut
- #143,966
- Nov 27, 2008 7:31am Nov 27, 2008 7:31am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
hahaa .. today should be a resting day .. good for you bro. Get together with your family ..
To satisfy my trade hunger .. I took a small long from here .. lol..
too bad. but be careful, 4h charts not looking too good.
- #143,967
- Nov 27, 2008 7:31am Nov 27, 2008 7:31am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
sorry, been watching movie
and no not taking it
was at a cable long earlier ran away with 10 pips before it went down.
other than the bullish HD on m30, there's a bullflag on 5m GJ though, we just hit the lower TL, bullish bad on m15 and below...
edit: 4h chart no boeno for longs...
- #143,968
- Nov 27, 2008 7:32am Nov 27, 2008 7:32am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
with all due respect...you lucky little slut
- #143,969
- Nov 27, 2008 7:33am Nov 27, 2008 7:33am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Your stuff works bro .. got a few pips .. already closed..
i'm just taking it easy
- #143,970
- Nov 27, 2008 7:35am Nov 27, 2008 7:35am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
with all due respect...you lucky little slut
It could go a lot higher ..
- #143,971
- Nov 27, 2008 7:43am Nov 27, 2008 7:43am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
There is another chance .. hahaha ..
- #143,973
- Nov 27, 2008 7:57am Nov 27, 2008 7:57am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
unbelievable, you guys still trading? lol
- #143,975
- Nov 27, 2008 7:59am Nov 27, 2008 7:59am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
There is another chance .. hahaha ..
Sorry all .. trying to make some fire works out of wet wood ..
- #143,976
- Nov 27, 2008 8:00am Nov 27, 2008 8:00am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
First 2 bounces from gann, next 2 from 50 ema [5min]
and now 60pips and more...
nice trade Piters.. thanks
http://www.doske.com/fx/snapshot-269.png
and now 60pips and more...
nice trade Piters.. thanks
http://www.doske.com/fx/snapshot-269.png
- #143,977
- Nov 27, 2008 8:00am Nov 27, 2008 8:00am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #143,978
- Nov 27, 2008 8:02am Nov 27, 2008 8:02am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
wow
look at this take off... of course it will, i'm not in.
good place here to take profit for anyone who went for it.
- #143,979
- Nov 27, 2008 8:03am Nov 27, 2008 8:03am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
First 2 bounces from gann, next 2 from 50 ema [5min]
and now 60pips and more...
nice trade Piters.. thanks
now, you are the little lucky slut .. j/k
- #143,980
- Nov 27, 2008 8:05am Nov 27, 2008 8:05am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
..
j/k