bertg

Hlm, Can you please explain what you mean by "market internals"? Thank you, Bert

Hlm, Can you please explain what you mean by "market internals"? Thank you, Bert

Sebastian, or anyone that can answer, I am learning quite a bit. I can say that I analyze more and more situations correctly. But this had me puzzled. At the 17:51 mark in your video you said "I'd say that was a weak bar because the high is greater than the high of the previous bar and we're really looking for a bar with the high lower than the high of the previous bar." In a future video can you take a second to explain that? Thanks to PP, I have read over and over that strength comes on down bars and vice-versa. Is this what you are talking about? Thank you very much, Bert

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.

Hi, May I ask a question or two on the attached DJ30 chart? Yesterday, on the 22nd, I saw what I thought was a failed test (volume was highest in the last 6 months or so), so I thought supply was still present. At the same time the hammer was bullish....... The bar is a long shadow down bar which closed off the high. ?So there was buying in that bar proved by today's bar? It's great reading my own paragraph above. I am not making any sense and I can't make up my mind if it's a "weak" or "strong" bar, as Sebastian would call a bar. I'm wondering if I even know what a test is... One would think I should, what with PP's and others' scores of examples... Today's candle (the 23rd) was an up bar, closed just off the high with huge volume. But how would you see it if the 22nd were the last bar on the chart? Thank you, Bert

Sebastian, The chart looks like a 20-min chart to me. In any case, how far back do you go to analyze the background and would you say there was weakness in the background? I assume by confirmation you mean this: the 1620 red no demand bar got painted red when the 1640 bar closed and it was a down bar. Your trade was so simple and so profitable. Congratulations to you. Thanks for all your contributions, Bert P.S. The chart attached is Sebastian's from several posts ago.

Folks, I use stockcharts.com and the data from my broker, Thinkorwsim. Why such a big discrepancy in the 200 EMAs between the two charts (286.07 vs. 260.42)? Any ideas? I am always amazed at how almost no two charts are alike. Volume in charts from Sierra with TransAct data is always different from TS, and so on... Regards, Bert

Folks, I started a thread with questions that I would really like VSA-ers to answer. Please forgive for plugging that thread here, but if you're like me, this VSA thread is pretty much all I look at here at TL. http://www.traderslaboratory.com/forums/3/specialists-and-eminis-3040-post26935.html Thank you, Bert

Hi, Here I am trying to learn this and that in Technical Analysis, while I feel like there are some basic questions I must have answers to first (maybe putting the carriage in front of the horses). I am at the beginning of my second of three Richard Ney books. Fascinating stuff. Who, if anybody, marks up and down the price in E-minis, since there is supposedly no specialist trading with his accounts) interests involved? From the CME manual I read: "There are also products, such as the CME E-mini stock index contracts, that trade only electronically and never via open outcry." Then, if I understand Tom Willams correctly, the cash market leads the futures. But in the S&P 500 "cash" market there are 'specialists,' so in the end is the ES marked up/down by their interests? Which leads me to this question: what does S&P "cash" mean? How does the S&P 500 "cash" value move up and down? It's the performance of the 'specalist-manipulated' stocks that make up the index right? I would appreciate help from anybody on this. I know some of the folks in the VSA thread are familiar with Ney, Wyckoff, Willias writings and their answers would be appreciated. Thank you, Bert P.S. The use of the word "specialist" is what I understand Ney's is: to describe the specialist on the exchange floor that has no regard for true supply & demand and marks the price up & down, sells short, etc., all with the purpose of putting money in his account(s).

keyboard still skipping. apologize in adance. I use TransAct data whch is supposed o be reliable... I use tick data. PP, thanks for the anaysis. Very useful, as usua. Does anybody elses's data look lik mine for that bar? It's scary mister ed's bid/ask plot was the opposite of mine. yes, I know daa provider isues should be in anoter thread. sorry. Regards, Bert

Taz et all, Look at this bar on ESH8. The Ask volume is almost double the Bid volume and the bar is a down bar and closes off the low. What do yo make of it? Also looking forward to Sebastian's recap of the day. Sebastian, maybe you can touch on this bar in your analysis. Regards, Bert

Taz, Capiche! Thanks for the analysis. BF, When I clicked reply to Taz's post, his was the last. But it took me ages to correct my typing, because my laptop keyboard skips a bunch of letters. So, had I seen your post, I obviously wouldn't have posted about the no supply bar. Andspeaking of Wyckoff, I ordered his "Studies in tape reading" and am looking forwrd to reading it. Regards, Bert

Taz, First, thanks for the volume indicator tip several posts ago. I will be watching it. SierraChart has Bid Volume and Ask volume that I overlaid on the same graph. Now, on the chart above, what chart trading hours are you using? I ask that because it's important to how the 34 EMA is plotted. Is it 9:30ET - 4:15ET On #2, isn't a down bar with volume less than the last two bars a no supply bar? Thank you, Bert

Sebastian, It's great. Thank you for your time. In case you are interested, there is a screen recorder (voice included) that's only $39.95: Huelix Screenplay. I bought a license and love it. Doesn't have all the bells-and-whistles of Camtasia, but it's all you'd ever need your daily analysis purpose. Regards, Bert

mister ed, The whole point of megaupload and similar sites is to frustrate you and make you pay for "premium" membership where you don't have to wait. 1. click link 2. enter the three letter code in the "Please enter xxx here" field, then click "Download" button. 3. Wait 45 seconds or whatever it is (watch the countdown under the "Free" column). Do NOT click on the "Download Link" until the countdown has finished. If you do, you're starting over. 4. After 45 seconds the countdown becomes a clickable button called "Free download." Click it and click "Save" or "Open." I saved my copy. Regards, Bert

Sebastian, I follow this thread and it's got great contributors. Thank you for the analysis. I enjoyed the first edition. Please keep posting. Pretty chart, too. Not sure I've ever seen a chart background with a gradient. Regards, Bert edit: I have Adobe Reader 6, so I'm sure later versions have this feature, too: I watched the chart and listened to the narration. From my mac os 8.5 days, sounds like Bruce voice. I thought it was way cool. Do a View>Read Out Loud> and select one of the options, and see how you like it.

jj, if the 28th was the last bar on the chart, would you still have seen selling in it? If yes, is it because high volume (hidden selling)? Thanks, Bert

ravin, there are no platform fees from Infinity to use the TransAct platform. You do have to sign up through them, as they are an introducing broker to TransAct Futures. If you sign up directly with TransAct Futures, they have a minimum commission amount that has to be met (something like $400, not including exchange and reg fees). And they don't charge for the TransAct platform. The advantage to signing up directly with TF is commissions are smaller. SierraCharts are not free, as someone stated above. It costs $26 or more, depending on what you want: http://www.sierrachart.com/index.php?file=LearnLevels.php

all free: NinjaTrader OpenTick provides their feed for free, and there is no YM fee as of yet.

TG, thanks. yes, i understand the s/r from the WRB, but what is the horizontal line? I assume it's just another support line. Thanks, Bert

TG, Thanks for the reply and all of the contributions. To be honest, I'm not sure I understand which WRB support line you are talking about. In any case, I am very excited about learning. I'll post another chart soon that I will appreciate comments on. Regards, Bert

Well, the time has come for me to post a chart and either get corrected or get... corrected. I haven't even scratched the surface of getting to understand VSA. I did complete Williams' ebook and check this thread out everyday. In any case, PP & all, please correct, anotate, etc. PP, you are my VSA teacher, whether you want to be or not. So if my "analysis" is wrong, it's definitely the student's fault. Whether good VSA interpretation or not, this would have been a great trade to take AND let materialize. On market replay I have a profit target, so that's why I got out at the pink. Blue is the entry. By the way, the market went all the way to 1522.25 with all up bars before it started back down... What I saw: market was in an up-trend. #1 to me looked like a test, low volume. #2 no supply I entered on the next bar (blue ticks) Regards, Bert

Hi, Can anyone point me to Pozen's website? Thanks, Bert

Hi, all, I am on page 88 of the e-book, so not quite half way. On this page the below appears: ------------- • High volume shows that selling has swamped any demand and tends to appear at the beginning of any distribution phase. • Low volume shows that no demand is present, and tends to appear at the end of a distribution phase. ------------- On the second bullet, should that say "at the end of an accumulation phase?" Thanks to all for this thread. I always look forward to new posts and soon I will hopefully be able to contribute or at least interact more. Regards, Bert

Armand, 1. Place the .xml (template) here: My Documents/Ninjatrader6/templates/chart 2. Open NT. Go to File>Utilities>Import NinjaScript and import the 3 .zip files (MAS3, VMABand, VMARainbow). Don't unzip them. Then when you load the template, all the settings Walter set will be there. Cheers, Bert