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  • #4,841
  • Jan 11, 2010 5:38pm Jan 11, 2010 5:38pm
Quoting Dr.Geppynius
just for your interest to show how thankful many here are

second pn i got by juhanimi now. you are a well respected human being and i hope you get it right in life soon
your posts and malcolm's posts are enlightment for every one on the thread and they are beyond appreciation no need to tell you !!!
yes , the knife reversed but i was stooped out +5 pips and your comment is still useful for future situations like that one !!!
keep up the great teachings
  • #4,842
  • Jan 11, 2010 9:10pm Jan 11, 2010 9:10pm
Quoting malcolmb14
60 min eu 1st sign weakness has appeared at 1.4550

Attachment

juhanimi ...

hope you send PM's for job well done as ones that tell us what muppets we are
Blogging daily now at www.volume.zone
  • #4,843
  • Jan 12, 2010 1:50am Jan 12, 2010 1:50am
Quoting alokin
i think the whole world should bow for you and malc
without you, we would be lost...even soros

or, maybe, you could've just explain to juhanimi what you meant with your post about falling knives..i understood that post, and probably many others, but it seems that juhanimi didn't...and plus he is a little bit of a jerk with that pm

should i be more thankful??
i pwn soros

there is nothign to explain with my post since market was trending down.
and nobody should bow but stick offending without a reason.

it is a probability game, nothing more. that's why everybody is wrong from time to time. sometimes, 2,3 times in a row.
  • #4,844
  • Edited 5:37am Jan 12, 2010 5:24am | Edited 5:37am
Can't really pick it up but does anyone here use MFI as volume is used in its calculation?

It does seem to be very sensitive to its 80/20 lines and gives good divergence signals with 14 setting.
  • #4,845
  • Jan 12, 2010 7:29am Jan 12, 2010 7:29am
Volume Price action.


Gez.
Attached File(s)
File Type: pdf Jokari[1].pdf   20 KB | 1,559 downloads
Seek not to change the world; seek only to change your mind about the world
  • #4,846
  • Jan 12, 2010 7:49am Jan 12, 2010 7:49am
3 more on VSA

Gez
Attached File(s)
File Type: pdf Preview02r[1].pdf   383 KB | 3,252 downloads
File Type: pdf strengths of volume pt1.pdf   115 KB | 6,233 downloads
File Type: pdf strengths of volume pt2.pdf   121 KB | 2,794 downloads
Seek not to change the world; seek only to change your mind about the world
  • #4,847
  • Jan 12, 2010 9:06am Jan 12, 2010 9:06am
This is funny stuff, a post from another forum about VSA Tradeguider.

It reads
........

"Think if you go over the posts here and in previous VSA threads, all the differences have already been thrashed out.

Unfortunately the view still persists that there is a separate independent methodology called VSA, whereas infact I have already pointed out that Volume being Effort and Price move ie. range/spread being the result, effectively price action is analysis of effort v/s result, which is already explained by Wyckoff but a fancy name was invented for that: Volume Spread Analysis,

"Undeclared secrets..........." basically explain or elaborate on Wyckoff principles, it could just have been entitled "Further Elaboration of Wyckoff Principles" but instead a new term was coined up VSA, for marketing purpose and thus we have ended up with the Tradeguider Circushttp://www.traderslaboratory.com/for...tom2/smile.gif))

Then ofcoure there is the constant harping on about dumb/smart money and as you say analysis of every tiny little bar attached with meaning, and ofcourse that constant shuffling between different timeframe charts during a seminar to look for the ideal signalhttp://www.traderslaboratory.com/for...tom2/smile.gif)) worse are the generals statements regarding markets not liking upbars on high vol, or down bars on high vols, etc, nonsense. just depends where the action takes place, if there is a supply to the left for example, if the traders are looking for higher prices, this supply will be mopped up and activity will rise i.e vol will increase, simplehttp://www.traderslaboratory.com/for...tom2/smile.gif), where it matters if it is climactic at certain significant support/resistance levels. But of course all this will not be pointed out by TG crowd, otherwise who is going to buy all their stuffhttp://www.traderslaboratory.com/for...tom2/smile.gif)) They have to propagate the myth of VSA- something unique, a 3rd dimension of looking at the market.

Anyway enough of this nonsense, Manby started it , let him come and explain, very doubtful thoughhttp://www.traderslaboratory.com/for...tom2/smile.gif"


....

the whole thread is a great read.

http://www.traderslaboratory.com/for...-2-a-6164.html


Gez
Seek not to change the world; seek only to change your mind about the world
  • #4,848
  • Jan 12, 2010 9:15am Jan 12, 2010 9:15am
they guy who posted this seems to be a real smartass and does not know about wyckoffian methods.

vsa is not wyckoff. to the wyckoff method there is way more than we do with vsa. vsa is simplified wyckoff methodology.
  • #4,849
  • Jan 12, 2010 9:23am Jan 12, 2010 9:23am
Quoting Dr.Geppynius
they guy who posted this seems to be a real smartass and does not know about wyckoffian methods.

vsa is not wyckoff. to the wyckoff method there is way more than we do with vsa. vsa is simplified wyckoff methodology.

Thats excactly what the thread is about, it`s called " VSA:crock or not"

Just found it funny, great wyckoff thread there too.

Gez
Seek not to change the world; seek only to change your mind about the world
  • #4,850
  • Jan 12, 2010 9:47am Jan 12, 2010 9:47am
Quoting Dr.Geppynius
they guy who posted this seems to be a real smartass and does not know about wyckoffian methods.

vsa is not wyckoff. to the wyckoff method there is way more than we do with vsa. vsa is simplified wyckoff methodology.
I agree with you Geppy. I was in a Wyckoff room for last 3 months plus. Getting very confused with what I heard. I am quite proficient with Elliott Wave and the Delta Phenomenon tech analysis and and and. Lacking was the reading of the market and understanding what "really" was going on. I read Master the Markets and bammmm, like someone hit me with a big stick. Now my attempt is to blend all this together somwhat like Todd Krueger is trying to do. We have Wyckoff well over 100 years old and we have VSA very simplified and up to date.

Times change.

slick
  • #4,851
  • Jan 12, 2010 11:35am Jan 12, 2010 11:35am
as far as I can see, i say this book master the market is a book for zillion dollar?
am I missing something or is this really best knowledge ever on markets

this nick ridge or sth like that said that book master the market is on the top5 trading books ever.. Has anyone a suggestion what might other 4 be?
  • #4,852
  • Jan 12, 2010 1:01pm Jan 12, 2010 1:01pm
Quoting gez40
This is funny stuff, a post from another forum about VSA Tradeguider.

worse are the generals statements regarding markets not liking upbars on high vol, or down bars on high vols, etc, nonsense. just depends where the action takes place, if there is a supply to the left for example, if the traders are looking for higher prices, this supply will be mopped up and activity will rise i.e vol will increase, simplehttp://www.traderslaboratory.com/for...tom2/smile.gif), where it matters if it is climactic at certain...
Well, if Memory serves me right!! i remember Tom Williams (and the folks at tradeguider) called it.

" Pushing through Supply"

Some People just like to Talk!!!LOL
  • #4,853
  • Jan 12, 2010 2:30pm Jan 12, 2010 2:30pm
Quoting porsh--
as far as I can see, i say this book master the market is a book for zillion dollar?
am I missing something or is this really best knowledge ever on markets

this nick ridge or sth like that said that book master the market is on the top5 trading books ever.. Has anyone a suggestion what might other 4 be?
VSA is nice, but it's not the Holy Grail. You have to study a lot and spend many hours on the screen, and ... this is not a guarantee of success.

VSA doesn't work always, as normal.
You make money by waiting, not by trading.
  • #4,854
  • Jan 12, 2010 2:58pm Jan 12, 2010 2:58pm
Quoting fxspain
VSA is nice, but it's not the Holy Grail. You have to study a lot and spend many hours on the screen, and ... this is not a guarantee of success.

VSA doesn't work always, as normal.
Yes I think I understand. Let me tell you how I see and correct me if Im mistaken.

You see volume/price spread and try to identify/conclude what was the "hidden action" behind it.
Problem becomes in right interpretation of what you see, as sometimes 2 "different/opposite hidden actions" leave the similiar trail/pattern in volume/price spread
but what always works is that whenever something is going on in market, it leaves trails in volume/price spread.. I didnt know that concept before , it was like being blind there, actualy gave up pretty fast first time since all indicators/fundaments didnt do good for me.

now i might give it a try again. thats why im asking about other great revealing books out there, since i figured this is just one book, it must be more good books out there
  • #4,855
  • Jan 12, 2010 3:59pm Jan 12, 2010 3:59pm
Quoting fxspain
VSA is nice, but it's not the Holy Grail. You have to study a lot and spend many hours on the screen, and ... this is not a guarantee of success.

VSA doesn't work always, as normal.
Yeah, and I think sometimes the majority of the "smart money" makes faults, so it cannot always create good signals. Sometimes even they open and close disadvantageous positions.
But VSA analysis can help to find out what the profession money is doing at the moment. What they is not always right.

I think VSA helps to get a general idea what the market wants to do.
  • #4,856
  • Jan 12, 2010 6:53pm Jan 12, 2010 6:53pm
could be called

' my grandmas knickers get wet when coronation street comes on tv ' for all i care as long as it makes money .

By the way I did buckle and bought tg 4.0 . The new version and the scanner is awesome I wake up and do not have to think about a thing... scan higher times frames down to lower ones. Also scan all stocks in s&p in a jiffy and not troll thry hundreds of charts looking for option plays.





Quoting gez40
This is funny stuff, a post from another forum about VSA Tradeguider.

It reads
........

"Think if you go over the posts here and in previous VSA threads, all the differences have already been thrashed out.

Unfortunately the view still persists that there is a separate independent methodology called VSA, whereas infact I have already pointed out that Volume being Effort and Price move ie. range/spread being the result, effectively price action is analysis of effort v/s result, which is already explained by Wyckoff but a fancy name was invented...
Blogging daily now at www.volume.zone
  • #4,857
  • Jan 12, 2010 7:01pm Jan 12, 2010 7:01pm
Quoting fxspain
VSA is nice, but it's not the Holy Grail. You have to study a lot and spend many hours on the screen, and ... this is not a guarantee of success.

VSA doesn't work always, as normal.

why does vsa not work 100% of time

simple...

oh look there is stopping volume on 60 min chart but I have an upthrust on a 1 min chart so lets sell that , as it is an upthrust on one candle only on a 1 min for sure it is going to drop 100 pip


most who use vsa do not consider everything ... they look at one time frame , they forget back ground etc etc etc


also the amount of times in last week that even TG showed me stopping volume on a 60 min and I was trying to sell has been more than 1 ... so we are also battling our own minds
Blogging daily now at www.volume.zone
  • #4,858
  • Jan 13, 2010 12:31am Jan 13, 2010 12:31am
Quoting malcolmb14
why does vsa not work 100% of time

simple...

oh look there is stopping volume on 60 min chart but I have an upthrust on a 1 min chart so lets sell that , as it is an upthrust on one candle only on a 1 min for sure it is going to drop 100 pip


most who use vsa do not consider everything ... they look at one time frame , they forget back ground etc etc etc


also the amount of times in last week that even TG showed me stopping volume on a 60 min and I was trying to sell has been more than 1 ... so we are also battling our own minds
I was going to post an update screen shot (background modules) on some stuff included in our VSA Trainer/Trading system and it ties in exactly with what Mal is saying. Background is very important to trading VSA. Take a look at the screenshot below. We have scanners in our system for immediate background and a custom range and also multitimeframe scanners for both as well.

You can easily see the background for both the current timeframe and MTF all on one chart. It also explains why the background is weak/neutral or strong too. Neat huh?

Information on the system is in the first post of this thread as always and is moving along quite nicely.

http://www.pipbuilders.com/background.png
The trend always ends.
  • #4,859
  • Jan 13, 2010 1:27am Jan 13, 2010 1:27am
Hi,
Thanks for this thread, it is great!!.
I hope that my question is in the correct thread.
I am looking for a broker which has Web based platform.
I have this listed: http://www.earnforex.com/web-forex-brokers/ .
I have already tried with Oanda and Interactive brokers but their platforms do not show VOLUME.
Does anybody know a web based platform that show us volume information?
Thanks
Knowledge is possessed only if is shared
  • #4,860
  • Jan 13, 2010 2:09am Jan 13, 2010 2:09am
Good morning,

I have a question concern my learning skills.
I opened my chart this morning, draw the fibs from the previous top on 15M chart. Then this morning it hit 61,8% fibs and on 5M chart occured for me UPTHRUSTS....??? This is what I see. I was thinking to short it according the fib and also upthrusts, but I was waiting for any other confirmation like " no demand " to make sure it is better trade.
I want to ask, if Shamus, or Malcolmb can give their opinions about this set up.
When I watched video of Sebastian, he was mentioning several times that " upthrust " is good signal to short. I feel aware that I need to look in background, but I see that 1,4557 is previous top, then we had 1,4520 around... and we are since then in downtrend. This is what I seen.
Hope I am at least 80 percent fine.
Slovakia
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