TinGull

Here's a chart of todays action that I followed along with. It's a 764V chart. Why that? Well..I couldn't remember fib numbers off the top of my head and this is what I came up with. Oddly enough, I see clearer signals from this chart looking back over a couple weeks than I do with one based on a fib number. The blue arrows are pointing to haramis and the red arrow is an engulfment. Simple, straightforward.

Excellent...will do Look forward to tomorrow! Thanks

Excellent. Thank you notouch and brown. I did a little looking over some 5kV charts and some 25kV for a longer term view. Interesting things that I'm seeing there. Its weird to not see the volume bars on my chart! HAHA I might just have to start keeping a volume based chart up on my screen to watch from now on. See if it's gonna be something I can benefit from.

And...do you think dojis hold more importance on a volume based chart? Say...after you witness the doji and all the sudden price starts moving fast as hell, you wanna be in on that as quick as possible, yea? Thanks again

Very nice. I would love to have you do a video presentation sometime on this. It really is an interesting concept that I've never dove into. And candles are your bread and butter, right? Thanks brownsfan, I appreciate the insights.

Cool, thanks

I thought it would be easier to see in real time. Is there anything that can be gleaned from looking at them after the fact?

I wanted to start a thread dedicated to what brownsfan019 has brought up in another thread. I don't quite understand how to see through volume based charts and candles, so I'd love to hear more about how it can improve ones trading. I was looking at a 2000 contract and 5000 contract based chart and see patterns there, but not sure if I'm looking at things right. I'd love to open this up and hear what brownsfan019 is doing and get some dialog going.

I just wanted to post this up today, because I've been working hard at trying to incorporate this into my life. The guys who talk to me on a regular basis know that I can sometimes get a little "down" sometimes with regards to my trading...but I really know I can make it happen. So...yesterday, I tried something. In the movie "The Secret" there's a guy who says he uses the law of attraction to get a parking spot when the lot seems full. At my library they just rebuilt, they have a big parking garage that holds like 150 cars. The lot was full when I went down there yesterday with my girlfriend. I said first...man, we'll never find a spot! Then...I caught myself. I said...there'll be a spot that'll open up for me in no time. So...as I turned the corner...a Subaru was pulling out of it's spot right next to the door! Amazing. Today...I was short YM at 264 and we hovered around 251-259 for a couple minutes. Got tedious...and I thought, don't take out my stop! Then...I caught myself. I said...let's see 250. If we break this 251, we'll go lower! I stared at 250 on my screen, filled my head with 250...and we broke to it, and through it to 230 and I let my order go at 234 for a 30 point gain, my best point gain on a single trade ever. I'm hooked. I just need to get to a point where I'm not needing to catch my thinking, but always just be thinking and feeling like that. Amazing.

Perfect today. Note the HUGE action happening here in the circled bar right at VAH...you can also see a diverging delta, showing selling waning, and then BAM!!! You could also notice the increasing volume coming into that VAH. While this may lead some to think that we will go lower...VSA makes you wait for confirmation Good thing...that abnormally large volume spike with closing price in the middle of the bar is showing you right there that professional activity has come into the market. How cool.

Torero asked the same Q I was going to ask. And T...tick charts are harder to see the differences in volume because they're masked by bars being determined by trades instead of time.

Wanted to start a thread about coding some VSA indicators in hopes we might find some nice signals that might put our minds at east a bit. In the webinar they stated that there are 1, 2 and 3 bar signals. We've got trend indicators and such...so no worries there. What I've been noticing is this. When the spread of the bar is more than the average of the 2 prior, this is something to note. In addition, for climactic conditions we'd want to see the volume also being larger than the average of the previous 2 bars. This kind of information is a joy to have and see as its happening, so then we can concentrate on the close of the bar. For narrow range stuff, I've been noticing that the "narrow range" can be thought of as less than the average of the previous 2 bars. Now, when we have a narrow range bar with little volume...thats almost always showing a good reversal. The same goes for one with excess volume. If there was a signal to show when the range of a bar is less than the average of the 2 prior and the volume is either less or greater than the average of the 2 prior...does this show us anything? It doesn't seem like too tough a thing to code, but since I'm a total tool with coding, I thought I'd leave it to the pros.

I love this...learning more stuff every 10 minutes!! HAHA!! Like light bulbs all over the place (compact fluorescents of course). So...as you were saying...in the down trend with a spike in volume followed by some demand but nothing trend changing would be shown as smaller, narrow range bars. Such as those circled here. This of course is remaining in tact with the overall trend, just letting you know this where the good bounce is to get in. How awesome....I love it!

And I think the biggest thing that I took off that webinar yesterday...and I'm sure most people already do this but I didn't...was using VSA on a larger time frame to determine short term bias. Today the first 30 minute bar was a long legged doji. Not taking the open into account...we had a fairly wide range (definitely wider than premarket) with big volume (very big in comparison to the past few days' first 30 minute bar) and closed in the lower half of the spread. I assume this would shout out to have a short term bearish bias. What they did was say...filter out any trades against your bias. WOW! Like a miracle to my ears right there. I hadn't ever done that. Just taken what looked good at the moment. Then today around 12:45 we had a MAJOR reversal. HUGE volume on a down bar with positive delta...thats something to take note of for sure. Bias switched to long at that point. That was a big thing for me to learn. Very big thing...

HAHAH! Yea...I agree. Still have some learning to do on things, but it's gettin easier.

You're right. There is no new science. Is this still an edge? Absolutely! Why? people overlook the simplicities that can be found in simple analysis like this.

Trade I took today using VSA techniques. Notice when price reached the weekly pivot that we had a wider than average spread and a LOT of volume and then price closed right near the highs of that bar. About 10 seconds before that 5min bar closed I went long at 148 and was out for a 10 point gain (my personal strategy right now...it ended up going for much more I know. baby steps here) but notice how it went on to go 50 points?! insane! This trade I think was perfect in showing VSA. Please correct me if I'm wrong.

The one time framing is just "other time frame" participants as Dalton would put it, creating a trend. When one "other time frame" is dominating the action, that would be one time framing.

Here’s a pattern that a few folks were following today in the chatroom. it was a rising wedge and as you see…there was a break out of very high comparative volume. BUT…look at the delta. On a breakout, we’d expect to see LOTS of people buying this breakout for it to move. There were net +300 contracts on that 2 minute bar. Just within the noise. That was the first MAJOR sign that things were going terribly wrong with that breakout. Notice the next bar was down, closing back inside the formation. Failed breakout! This is a great opportunity to get short. Did I? Nope…I was making lunch!

notouch, how does market delta have nothing to do with volume? nothing to do with analyzing the bars for selling pressure inside the bar? It has EVERYTHING to do with it, just presents it in a more graphical manner.

I'm absolutely looking forward to the show tomorrow, too! Soon enough we'll all be pros. haha

Beautiful stuff MPTrader Thank you for sharing!

sweet....I'm getting the hang of it. hehe. The doji at R1, too...closing in the lower portion of the spread with real heavy volume (comparatively)...showing we've got a direction change coming up. That turned out to be a nice trade of about 40 points.

Bake bread and sell it to a local food co-op It doesn't take too long to tend to bread, really.

Back to VSA... when PivotProf was talking about the no supply bar showing a divergence between the delta I have on my chart...what that was showing was with all the contracts sold to drive that price down that far, there was enough buying to bring that price back to near equilibrium. This happened late this afternoon on the YM. Notice the stair stepping volume leading up to the climactic bar. That bar is showing a massive amount of volume (biggest on the 5min chart all day) and no excess supply overhead with a little bit of demand creeping in. The delta graph is showing that while there were enough contracts bid down to bring the price to VAH, the bar ended with almost a net 0 amount of differentiating contracts. This meant that there were enough buyers on that down bar to swing price right around. now...it was late in the day and price advanced for only about 15 points...but it's still good to note that the principles are applying.