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Primavera
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[VSA] Volume Spread Analysis Part II
Primavera replied to Soultrader's topic in Volume Spread Analysis
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[VSA] Volume Spread Analysis Part II
Primavera replied to Soultrader's topic in Volume Spread Analysis
zeon There are technical days and non-technical days. Whatever form of analysis you use whether it is VSA, S/R, indicators etc, they are generally applied against the specific instrument you are trading. Although VSA mentions the effect of news on an individual instrument i.e. professional money may make use of it e.g. good news breaks out and they sell, there is also the effect of news on the market as a whole. What may be happening is that your perfectly good and well-reasoned analysis of the specific instrument is overshadowed by the market as a whole. If for example the fed injects funds into the market then the whole market will be bouyant - weak and strong stocks alike. Professional money might temporarily withdraw from accumulation for example. So don't beat yourself up about it - perhaps take steps to look at how the market as a whole is acting or consider going cash until the market stabilises. To regain confidence consider comparing your strategy across stocks and see if, on a relative basis, your analysis would have been correct if it had not been for stronger market forces acting. Consider how you might adjust your analysis or strategy to take account of such forces. Primavera- 2244 replies
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[VSA] Volume Spread Analysis Part II
Primavera replied to Soultrader's topic in Volume Spread Analysis
Ed I have both books. MTM is a revised version of "Undeclared Secrets", so if you have one then you don't really need the other. The original book had a number of errors and, in particular, some references to diagrams or particular numbered points on these diagrams were incorrect, which could cause confusion in this subject which in itself can be confusing enough ! MTM is better organised and seems clearer. Most of the book is not Tradeguider biased except that the diagrams are generally using the software platform. However there is a section at the end that specifically deals with the Tradeguider software, which you can ignore if not relevant. There is also quite a reasonable section in MTM on glossary of terms with examples of e.g. no demand. This is quite useful for reference. All in all I would go for MTM given the choice, but if you want to get the feel of his master's voice then I think you get it from Undeclared Secrets. I feel that MTM had a ghostwriter who made it clearer but lost some of the original feel. Primavera- 2244 replies
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Hi It seems that TG are offering an e-copy of Master the Markets (full version and not just part thereof) for a limited period for free. http://www.tradeguider.com/book/ Unfortunately I have already paid for both the original "Undeclared Secrets of the stockmarket" and the later "Master the markets" at full price ! However an e-version is still handy for having on a pc - but you can't print it Primavara
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Blowfish Thanks - if I get sufficient time before Christmas I will try to jot down my thoughts on where the typos exist as well to compare notes. BTW: I come from the next county - Glos Primavera
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jjthetrader Thanks for the advice about the bootcamp Primavera
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Tasuki May I ask who your data provider is ? Mine is currently IB and I don't know if they provide this kind of breakdown in their API. I have seen it on T&S but wasn't aware that this kind of data could be exported. Primavera
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http://www.trade2win.com/boards/price-volume/27069-s-p-analysis-friday-2nd-oct-2.html#post368722 http://www.trade2win.com/boards/price-volume/27069-s-p-analysis-friday-2nd-oct-2.html#post368764 http://www.trade2win.com/boards/price-volume/27069-s-p-analysis-friday-2nd-oct-2.html#post369114
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BlowFish (I also address this to Sebastian) I have the Undeclared Secrets version of the book and have also noticed some errors. I certainly agree that it can be helpful to confront these errors to aid one's learning. I have not formally documented these and have put in an order for the TG version of the book. May I ask some questions: (a) does the TG version of the book include in its entirety the orignal version of the book with all errors corrected ? I am aware that it contains some additonal aspects (b) would any of you guys who have documented the errors be prepared to share them - not breaching copyright, but merely to say on page 20 chart 1 should read bar A type of thing. I would be prepared to do this myself but it would require a complete re-reading because I have not documented the typos when I found them, so if someone has already done it then it would help. However if the TG version has done it all then, personally, there is no point in me doing this © On another forum we have the start of rumblings of, shall we say "new ventures". Would it be wise to hang fire before purchasing boot-camp discs etc. to see further developments Primavera
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Sebastian That was a very interesting analysis. Thank you for sharing it with us. The audio version is far preferable, because it allows us to constantly watch the chart during the analysis, which is a lot easier than flipping between 2 screens. It makes the flow of the action easier to experience. Primavera
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Sebastian Welcome - I have one quick question on bar A on the 3rd dec chart. You stated that a wide spread down on high volume is generally bullish. However this bar closes near the low, so would this not be interpreted generally as weakness. Primavera
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Hi This is my first post on this forum. I found this code useful as I use Amibroker and I have been looking at different ways to classify volume into high, very high etc. I experimented with an MA on volume, with straight percentages above and below. I also experimented with ranking, so I was interesting in seeing this code. Do you also apply similar techniques to classifying spread. I should add that I do not in anyway advocated automated analysis as a replacement for a thorough and deep reading of the charts. I am no indicators myself, but this kind of automated classification can assist in the initial scanning of a chart pior to a deep-read. Primavera