HAKUNA

Actually Todd was the backbone of Tradeguider during the initial years, he was largely responsible for bringing VSA to a wider audience, put in immense effort to hold free seminars 3 times a week. He was in the process of putting together his course, and Tom's favorite protege' , I have talked to him, is a real trader and a genuinely nice guy, have no affiliation, hasten to add. However Gavin always was an opportunist, wanted to be the top dog. managed to get rid of Todd, before that Manby had been kicked out. Once Todd was out, he had a gap to fill somebody who could talk about VSA besides Tom, hence Manby was back, as I said don't know how long he will last as now Gavin has his brother and wife on board plus some others like Pruden, guys from malaysia and australia. Basically TG has degenerated into pure software marketing machine, the master stroke is always to keep denying that but at the same time keep telling the public how the signals in the software are unique etc.

Good idea Db, That way we will have 3 threads 1. The existing VSA - with experts at bar by bar analysis, tracking professional money 2. VSA thread by JJ - VSA plus any other tools 3. Pure VSA - pre "Tradeguider" and "Master the Market" Guess that would almost border on Wyckoff, as Tom William studied the SMI version.and then published his "Undeclared secrets.................. Would certainly do away with clashing of egos:)

will second that, how does anybody know for certain what professionals are using or not using. As has been pointed out by Dbphoenix and others why not get away from this smart/retail money stuff and focus on buying and selling pressure at relevant price levels, life becomes a lot easier that way ie. when prices are rising, demand is coming in, if accompanied by vol, buying pressure is greater (beautifully explained on the wyckoff forum), forget who is buying or selling and why. As day traders what matters to us is buying or selling pressure.

Good idea, this will also avoid controversy, afterall with reading price/volume we are talking about buying and selling pressure which is intrinsic to the market. which is what Wyckoff is all about and VSA is an offshoot of that. There is no reason why other tools cannot be employed to fine tune trading. especially in this day and age.

You can post without fear, just no need to elaborate on other indicators. Couple of guys try to monopolise that thread assuming status of Gurus, just ignore them VSA/Wyckoff is not dependent on any personalities. One even came to teach laws of probabilities completely missing the point I was trying to make which is the essence of both VSA and Wyckoff. Also lately there is much talk about Wyckoff, prior to that they wanted nothing to do with that. Once again remember the thread does not belong to anybody in particular, anybody who disagrees with you can go elsewhere and bang their heads. I have tried to be polite, have had enough now:)

Todd is no longer with Tradeguider. I had the bootcamp CD but have sold it. Lot of material in that CD is by Todd but doubt if he is able to market it now. Think you will have to contact Tradeguider.com

Make an effort to study Db's blog and the thread Trading the wyckoff way and others in the wyckoff forum my friend WHO SAID TRADING WAS EASY:)

mong, You don't have to keep doing this whole day , if you got in the trade at the right support or resistance level, then you follow that trade via trendlines as Bearbull and Db have pointed out in their posts/blog respectively to determine your exits. If you missed the trade at the start, then it also helps where to get in albeit with more risk or wait for a reversal once again at a relevant S/R level. In other words reserve your energy for thinking at the appropriate at the price levels which matter than on every 5min bar.

You are absolutely right, I had the Bootcamp CD which was mostly Todd Krueger and Tom Williams, this was in early days of TG. Todd was largely responsible for explaining VSA based on wyckoff's principles and used to joke about how he walked around with Tom's original book "Undeclared secrets......." all day long. . He was close to Tom and always mentioned Wyckoff as the root source of VSA and hence he emphasized constantly on the use of S/R levels, trend channels "Playing field" as he called it which I believe was going to be the main theme in his foundation course. This is reflected now on his website Traderscode.com. via 2 courses on Wyckoff. Sebastian OTOH has publicly admitted (London Symposium DVD) that he does not employ any support/resistance levels in response to Gavin's question to the seminar attendees, "Who uses S/R levels in their trading" everybody in the room raised their hands. You can imagine the embarassment on Gavin's face then:) Here he was part of the team sitting opposite the class .......................... Not suggesting that Manby is not a good trader, just pointing out that his bar to bar analysis is not consistent with how Wyckoff traded with price/vol relationships. I use VSA/Wyckoff effectively against relevant levels and ignore most of what goes on between these levels. As far as somebody throwing out laws of probabilities in defence, that is all baloney, applies to any price based indicator, take losses quickly, let profits run on the winners even if they are 30-40% blah blah blah..........

From your charts, notice you only use 8a.m-4.30p.m data for Ftse and the various fib levels etc, the market trades to 9p.m (London time), although volume tapers off but the price does follow the US markets.

Todd was pretty good at explaining price/volume relationships whilst he was with Tradeguider as well, infact he was their main "Man" , with VSA he mostly focussed on high,low and close of the bar in keeping with Tom William's book, he then introduced the concepts of "Playing field" which I believe he was going to elaborate on with his course..

Manby alas attempts to analyse every bar on the chart, sound good on hindsight charts but when he tried it on realtime, it was 50/50 at best. Price/Volume via VSA/Wyckoff has value at relevant support/resistance levels, rest of the time price is travelling from one level to the other and trying to read meaning into every bar is pretty futile.

Db, Could not come into the chatroom today, what were you trying to illustrate, presume a hinge

Think the last time I heard, he was suing TG for copyright to his course which included all his material i.e. playing field, multiple time frame etc , which he wants to publish independently, but doubt if TG will let him do that, think Manby is taking up where Todd left off, you can call him perhaps. Anyway all this is really irrelevant to trading with VSA principles, thankfully they operate in the market without any dependancy on personalities:)

Todd Krugger was the main Tutor with VSA and also a real time trader, largely responsible for promoting and marketing the company. GH was all mouth but owns rights to TG, and Todd had bought a slice of it. Tom W. is a chairman only in name. Todd was preparing an advanced course in VSA I believe and then due to ego clash with GH, was left out in the cold, hence was suing the company for rights to the course. So Sebastian has been brought in now(initially he was sidelined for Todd ) don't think he will last long as GH has already got his brother and wife on board, plus a guy from Australia etc, pure marketing and a right circus as couple of others have pointed out.

Monad, as per the Post 51 you pasted: We see that 10-11-07 was a BUY day according to my software. On a buy day, per Taylor rules, if the high is made first I am allowed to short it. However, I can detail the action of 10-11-07 for you. I would need no chart to trade the action on 10-11-07. My proprietary software doesn't even use charts. Lets look at the action on and near 10-11-07 According to the 2007 calender , that would lead to 10-17 as a SELL DAY. But you are right WHY? has provided hindsight analysis of that day according to the trading levels thrown up by his software both as Buy Day and then later on following days with 10-17 being a Sell Day. Puzzling as to how software could lead to contradictory outcome- which in turn throws the rest of analysis of subsequent days in question. as there is much emphasis on not scuttling days which would go against the market manipulation aspect at the core of Taylor Trading. Am sure there is an explanation , as WHY? has appears to have knowledge on the subject should be able to shed more light.

Happy New Year Would be great if more traders with TT experience would participate on this thread, obviously the methodology has merits

Many thanks Db for that clarity, greatly appreciated. Also your take on Volume on another thread dealing with questions on Wyckoff and in response to Susana, is certainly an eye-opener, also reveals many of the misconceptions held in the VSA world. Now I understand why I was struggling with it before. Reading up on Wyckoff has certainly shed more light as well.

Bootcamp is a recorded CD of a seminar held on 2 saturdays over 4-5yrs back when Todd Krugger was the main tutor at Tradeguider.

I use VSA without jargon , it is not necessary to purchase the software at all, if in doubt, take advantage of their trial (30day) but watch out, to get the refund you have to get the CD back well before 30days are over. that is the catch. The so called VSA signals work 50% of the time and can appear on one time frame and be absent on another time frame for the same instrument. All you need is a normal charting package and data service , a chart with price and volume.

correct me if I am wrong: 1. The job of trendlines is to point to the trend, upwards or downwards 2. Support is where prices was supported before, vice versa for Resistance. Both are horizontal and not necessarily lines but zones where prices can be expected to be supported or resisted. 3. SUPPLY and DEMAND are drawn through swing points and when sloping can act as TRENDLINES and then also as SUPPORT/RESISTANCE when they are horizontal. Happy holidays

Eiger, Since you are quite good at explaining VSA and now seem to have got some clarity on taylor, perhaps you can shed light on today. The shorts worked fine for me today as ES faced resistance over 900 right at yesterday morning's congestion. Today, however was the first day of the cycle or a buy day as yesterday panned out quite well as a SS day or the 3rd day of the cycle as per the table of richbois, at the risk of pestering him and also operates a subscription service, thought might ask you. So in what way today would be considered as a buy day.

richbois, you will have to excuse my questions, I am just trying to gain clarity. From your table 11th Thursday (last week) was a Buying day, however the market opened higher and closed much lower. Then Friday 12th is a sell day but the prices opened lower and ended up higher, so I thought that has to a buy day, i.e low violation, buy.

Once agains thanks a bunch richbois, if it pans out today, tomorrow ideally should be a buy day, although quadruple witching could throw it out of sync. But will follow that through Monday, keeping in mind the holiday season, the bullish bias is there. BTW what is TF.

Greatly appreciate your explanation, If monday 15th Dec was a SS day as per your cycles, can I start off Friday 12th as being the Buy day and start the cycle from there. If wed(yesterday) was a sell day, today would be expected to be short sale day I presume.