[VSA] Volume Spread Analysis

[bertg]

ranj, Mister ED and PP,

Thank you all for your comments. I am learning.

Mister Ed, as far as "please keep laughter down to a small guffaw," I am the one that may need to request that.

Good trading day to all.

[Piggyback_Trader]

Hello All,

One of the best trading treads on the net, well done, keep up the great work.

First post, want to share my sucess story with you...I've posted this at several sites, just sharing here.

My Sucess Story

After spending thousands of dollars and countless hours on trading books, systems, indicators, psychological seminars, and the like, I was exasperated. I accepted that for me it was impossible to consistently trade profitably. Just could not do it. I became one of the 90-95% of traders that deposited money into trading accounts over and over without ever withdrawing a single dollar.

Pretty much went through the standard trading experience. Well funded, began with stocks, multiple time frames, daily charts, switched to commodities and stock index futures, options, and then of course back to stocks, you get the picture.
I have now discovered that what stood between me and making money in the market was me. I could not trust myself to trust the system because whatever system I traded was hit and miss - more miss than hit. Then of course, I jumped to another system only to see the prior system work while I lost money on the latest system, it was a cycle of terror.

Last year, through remarkable faith, I met Joel Pozen who introduced me to the concept that markets are in fact manipulated. "Market Merchandizing" as Joel labels it, is how the specialist, insiders, professional - call them what you'd like - make the big money. They move markets so that they can buy low and sell high, every day, in every market, in all time frames.

As you all know, markets are not as we are led to believe. What I learned from Joel is that the big money traders load up on inventory (buy) when the heard sells and unload inventory (sell) at higher prices when the masses buy. Joel trained me on how to piggyback these moves by understanding volume and price bars, and how price leads volume.

Now I have fun trading while I extract money from the market. I trust myself to trust my system because I’ve learned how to exploit the tell tale signs market manipulators leave on the charts. Once you learn what to look for it’s really very simple and works because that is how the market works.

I'm not selling anything; I have no vested interest in getting you to sign up for Joel’s course. I posted this success story as my way of giving back to Joel, and for those of you who have staked your money, and in some cases your financial future, on marking money in the markets.

Good luck.

[Anonymous]

Just the Chart right now, analysis may follow but the chart is pretty self explanatory.

[monad]

PP,
Very Informative chart with MP value areas,

Interestingly, as I observed previously either DRH or DRL will inevitably have a value equal to the previous days midrange i.e (H-L)/2 , here DRL is around 1.4684 simply because the pdiff is the difference between POC and the midrange value, which is then either subtracted or added to it.

What does RR stand for????

What happens in a situation where there is congestion for a few hours and then a strong trend for the rest of the day. The traditional MP construction would then have more TPO in the congestion zone (POC) where that based on (H+L+2*C)/4 would be quite different, under these circumstances do the value areas differ widely in your experience or are they still relevant to trade with???

[Anonymous]

	Quote:	monad
	.............What does RR stand for????

RR: Reaction Range.

	Quote:	monad
	What happens in a situation where there is congestion for a few hours and then a strong trend for the rest of the day. The traditional MP construction would then have more TPO in the congestion zone (POC) where that based on (H+L+2*C)/4 would be quite different, under these circumstances do the value areas differ widely in your experience or are they still relevant to trade with???

Those are two different questions. It is possible, even likely, that they differ in a case like this. Are they still relevant to trade with? Yes. Actually, this gets down to the crux of the matter: even if the PivotProfile does not match market profile, an entire way of looking at the market is still created and useful. The PivotProfile still gives us various ranges of where price traded and where support/resistance may be found. More over, it gives me a way to distinguish one "No Demand", for example, over another.

The previous example is a case in point. The very astute among you may notice that the No Demand signaling the short trade on the 5 min does not perfect fit into the body of the WRB. So why take the trade? Well, besides the weakness in the background, we have price closing within the Deviation Range (Value Area) for two 15 minute bars. This sets up a "value area trade" along with the trade back to the POC. These are market profile concepts. We can co-opt the concepts. In other words, even if the value area is not the same and the Poc is not the same as actual Market Profile, we still have created a contextual backdrop through which to view the market and filter trades.

[mister ed]

	Quote:	Piggyback_Trader
	One of the best trading treads on the net, well done, keep up the great work.

Thanks Piggyback (good name for a Wyckoff trader!); the thread has been held together by the efforts of PivotProfiler, and his outstanding efforts have been complemented by plenty of other notable contributors - I am sure they all appreciate your kind words. Your mentor's name, Joel, has been mentioned a few times in this thread and always in a good way.

I appreciate you sharing your personal story and while no two traders will share the same story I think the 'lightbulb effect' of being introduced to, and then gaining an understanding of, Wyckoff analysis (of which VSA is a part) is a common link amongst those of us who participate how we can in this thread.

Maybe you could stick around?

[Anonymous]

monad, see my post in the Market Profile section for more info on Pivot Profile. I am going to be posting stuff there........Mentally using MP thread.

[bh_trade]

Through remarkable faith huh - lol

You forgot to list your website and price for your holy grail Mr. vendor.

	Quote:	Piggyback_Trader
	Hello All, One of the best trading treads on the net, well done, keep up the great work. First post, want to share my sucess story with you...I've posted this at several sites, just sharing here. My Sucess Story After spending thousands of dollars and countless hours on trading books, systems, indicators, psychological seminars, and the like, I was exasperated. I accepted that for me it was impossible to consistently trade profitably. Just could not do it. I became one of the 90-95% of traders that deposited money into trading accounts over and over without ever withdrawing a single dollar. Pretty much went through the standard trading experience. Well funded, began with stocks, multiple time frames, daily charts, switched to commodities and stock index futures, options, and then of course back to stocks, you get the picture. I have now discovered that what stood between me and making money in the market was me. I could not trust myself to trust the system because whatever system I traded was hit and miss - more miss than hit. Then of course, I jumped to another system only to see the prior system work while I lost money on the latest system, it was a cycle of terror. Last year, through remarkable faith, I met Joel Pozen who introduced me to the concept that markets are in fact manipulated. "Market Merchandizing" as Joel labels it, is how the specialist, insiders, professional - call them what you'd like - make the big money. They move markets so that they can buy low and sell high, every day, in every market, in all time frames. As you all know, markets are not as we are led to believe. What I learned from Joel is that the big money traders load up on inventory (buy) when the heard sells and unload inventory (sell) at higher prices when the masses buy. Joel trained me on how to piggyback these moves by understanding volume and price bars, and how price leads volume. Now I have fun trading while I extract money from the market. I trust myself to trust my system because I’ve learned how to exploit the tell tale signs market manipulators leave on the charts. Once you learn what to look for it’s really very simple and works because that is how the market works. I'm not selling anything; I have no vested interest in getting you to sign up for Joel’s course. I posted this success story as my way of giving back to Joel, and for those of you who have staked your money, and in some cases your financial future, on marking money in the markets. Good luck.

[MrPaul]

	Quote:	bh_trade
	Through remarkable faith huh - lol You forgot to list your website and price for your holy grail Mr. vendor.

I edited the post and deleted the web address

[monad]

Folks,
check out the link below, pure wyckoff by Dbphoenix, infact one of the charts illustrates a couple of principles explained in Vadym Graifer's book, which was recommended by Ravin and also brought Dbphoenix to my attention, I have to thank him for that, good on you mate

Here is the link:

http://www.trade2win.com/boards/gene...r-them-11.html