Soultrader

I didnt notice this problem yesterday but experienced it today. I guess the only solution is to wait to see if Ant can come up with an updated version of this. I also posted a link to a commercial vendor for market profile on Tradestation. Perhaps this is something that traders can look into. From the screenshots I saw, the indicator does look pretty impressive. Alot cheaper than subcribing monthly for MP data.

Hi dah7, I just spent some time over at the TS forums to check... I have yet to find any solid free MP indicator for TS. There are two other versions available but in my opinion needs serious work. The only MP indicator that I came across that got my interested was a commercial indicator available here: Market Profile, Price Distribution & Value Area indicator systems for TradeStation I shot them an email requesting a free trial so I will keep you posted on how that goes. If you happen to come across any free versions, please let us know. Thanks

Please refer to the original thread here: http://www.traderslaboratory.com/forums/f46/market-profile-indicator-tradestation-646.html If there is a problem, you need to check the TS forums for different versions of the indicator.

Hi Jonathan, I think a combination of market profile and VSA is extremely powerful... ONLY if you know how to use it properly. I personally do not have any moving averages or RSI on my chart. I trade strictly off price action, volume, and pivots. Its best to stop switching strategies but to really focus on becoming good at one.

Tingull started a new thread on volume based candles so any topic related to it should be posted there for now. Very interesting topic brownsfan... I am definitely going to look into this myself. Just wondering if TS has this feature? I am actually a little familiar with this as Ive seen charts with fat candles and narrow candles (high volume vs low volume) so I am assuming it is the same.

Thank you for clearing it up. My understanding of professional operators with deep pockets is becomng alot better now. I feel like stops do not exist for them which has recently changed my trading style in using wider stops for larger profits using a slightly higher timeframe. It's a complete seesaw game for these operators and a fascinating game they play.

Not necessarily Rich. Anyone can post videos.. I just post my own which happen to be geared towards day trading. Its a forum where ppl can throw off ideas and knowledge, no one is here to mentor anyone or act as a guru. So the best way you can interact here is to start posting away.

Leroy Rushing is a former Executive Risk Manager for several Fortune 500 financial institutions and is currently a full-time day trader and trading mentor for Trading Everyday. Attached is a pdf format of the transcript from the chat seminar. Full-sized pictures and charts from the transcript are also available in a .rar file. Leroy Chat Seminar.rar Leroy Chat Seminar.pdf

Wanted to post a few trades I did for March 14, 2007. The first chart is the opening play. Notice the first opening 5 min bar that occurs on decent volume. Price lifts quickly for 25+ points. However, notice the second bar. Volume diminishes indicating a lack of demand. This was my first signal. The third bar is the most interesting bar. Notice the rise in volume with price decline? This indicates a clear supply. The fourth bar was my short trigger when it moved below the close of the third bar. The second chart shows a failed test of the previous opening high on low volume. Notice after price makes a swing low and rallies, the volume diminishes. This is a powerful signal that I love to watch for. The third chart shows the same exact concept as the second chart. Weak volume on a rally and instand rollover. Also notice the resistance at the 12100 level.

Hi PivotProfiler, Thank you for your inputs. Very much appreciated. Regarding the chart you posted, One thing I have trouble understanding is the no buying pressure bars. I totally understand the climatic sell bar.. I was able to determine that because of the lack of supply at the next bar and less volume at the new lows on the 30min timeframe. Also the markets were one-timing down until after that climatic sell bar in which price was able to overtake the high of the previous 30min bar. Now, after the stopping volume we encounter a few narrow range bars. I was trying to determine the direction of the market. Because I felt the market has found support my bias was to the upside. However, when analyzying price bar and volume (VSA) I had trouble deciding which direction. Volume was drying up clearly and the long candle wicks indicated supply. From the chart above, you indicated a up bar with no buying pressure then an immediate narrow range bar with no supply. So basically within two bars market action has gone from negative to positive? I find this behavior extremely tricky as it forces us to change our bias immediately. How did you interpret the third narrow range bar as test for supply? Thank you.

Hi Rich, I thought my trading was as simple as it can get All of my videos, comments, posts, etc... are on a intraday trading basis. Why? Because I day trade only. Pivot points are just simple calculations used by floor traders. If you use tradestation as your platform an indicator labeled "Soultrader's Pivots" is available free at the indicator forum. All you need to do is plot the high,low, and close. Hope this helps. James

Thank you very much Wookey. One thing I have trouble understanding is after the strenght bar and climatic action bar price declines. Shouldnt price lift if this bar was really a climatic bar? Or are the big boys trying to push it up again to sell more?

Volume and candle analysis on a 5min timeframe. I like the 5min timeframe since volume is alot clearer to see. I am able to follow the smart money better through volume observation. CLICK HERE TO VIEW VIDEO Charts created by Tradestation

Just a quick reminder that Leroy will be joining us today for a chat seminar. Session will start at 11:00am EST. Hope to see you all there.

Hello guys, I have a litte trouble understanding volume demand bars after a selloff. I have attached a chart from yesterdays action. The rectangle box shows couple sell volume spikes. My questions is this: How do you watch for demand bars after that spike? In the first rectangle the volume spike is created by a doji. The next price bar closes above the high of the doji... this occurs on lower volume. How do you intrepret this? To me it seems like supply is cut off but price continues to drop. The same thing occurs in the second rectangle box. Volume spike is created on a down bar but the next bar closes above the low of the previous bar. Any advice would be appreciated. Thanks

Hi guys, I checked it again but not seeing any problems. Here is a direct link just in case you can not get in: Emini Room: https://traderslaboratory.campfirenow.com/room/67384 Forex Room: https://traderslaboratory.campfirenow.com/7fd0e

Here is a clip provided by Gavin from TradeGuider from the VSA seminar. It is worth a watch.

Hope you all enjoyed todays seminar with TradeGuider. For those who missed it I will try to have the recording archived on our site in a day or 2. A few notes for the seminar: 1. when strength appears in a market, it will appear on a down bar. 2. when weakness appears in a market, it will appear on a up bar. Question to ask: Are we in an one timing auction? Personal note: Check volume on 30minutes chart ALWAYS.

Here are the login instructions required for todays online seminar on Volume Spread Analysis hosted by TradeGuider | Trading Software | Investment Software | Volume Indicators. This is an exclusive seminar for Traders Laboratory members only. Seminar will start at 2:30pm EST. Please try to enter at least 5 minutes before the presentation. We VERY STRONGLY RECOMMEND that you download a FREE version of Hotcomm CL from the link below before entering the room. All you need to do is follow the download instructions and then double click the Hotcomm icon on your desktop BEFORE entering the room using the links in this email. Use this link to download Hotcomm CL: http://www.hotcomm.com/downloadCL.asp To enter the webinar room please click the link below 5 minutes before presentation begins. http://www.relay9.ezpeer.net/im-live/tg.htm?-rm=tradeguider%20. NO PASSWORD REQUIRED, CLICK THROUGH IF ASKED. If you find that after 30 seconds you are not presented with a welcome screen to enter your name and password, this is probably due to the fact that your computer does not have the latest version of Java. You can download the latest version from the link below, or for the very best connection speed you can follow the instructions to download Hotcomm CL as shown below. Click this link to download Java: http://www.java.com/en/download/manual.jsp I look forward to seeing you there

One simple observation that really changed my approach in analyzing volume was waiting for the next price and volume bar to confirm the previous bar. In other words, if I planned to go long at a pivot on a sell bar... the chances of the long working out would increase alot more after I observe the second bar after it. I used to not pay attention to it as much and rely more on tape. But after watching for tests/tests of supply, I am able to view price action alot more clearer. Very powerful technique in my opinion.

The online broadcast with TradeGuider | Trading Software | Investment Software | Volume Indicators on Volume Spread Analysis will take place tomorrow on March 13, 2007 at 2:30pm EST via hotcomm. A link will be emailed to all members by tomorrow so please check this. You will need the link and room pass to access the hotcomm broadcast. Details will also be posted here. Thanks

Notouch, Im not seeing any errors for now. Can you try clearing your cookies and check to see if you are still having problems? If you are, I can give you the direct url to the chat room. Thanks

Good to hear browns. I do run a dedicated server so the load should be alot better. Also I managed to disable some of the unnecessary features on the site. This might of done it. Thanks for the follow up.

Yep... I noticed that so I made a part 2 to it when it happened. CLICK HERE FOR PART 2 Charts created by Tradestation

Quick trade from March 12, 2007 using a key price level with volume analysis. CLICK HERE TO VIEW VIDEO Charts created by Tradestation