taks1990

Hi guys I have the Chart Reading Boot Camp CDs for sale. 2 CDs in the ORIGINAL box and are in perfect condition 9 hours of intensive guidance and instruction from the actual developer of VSA, Tom Williams Cover all the basics, with comprehensive explanations and detailed chart examples by Todd Krueger and Tom Williams himself. The CD course will cut your learning time of the VSA method dramatically! This course is NO LONGER AVAILBLE from Tradeguider I bought these CDs for $595 and I’m open to offers Please let me know if you're interested. Thank you Mark

Thank you very much DB - your comments are really useful. So, in terms of interpreting the first chart, do you think the bulls and bears were simply battling for control and there was no clear bias at the time? Also, you make an interesting point with regard to volume - although I am trying to study volume, I often question if it is of any use - I think you mention in your ebook that as long as the price dynamic is in your favour, volume is not important (this is not a direct quote - just my understanding). e.g. I'm currently doing a replay where the market is continuing to push up persistently and volume is falling all day. Just wondering what your thoughts are on this? Thank you

Hi guys I'm currently reading MOM for the third time, trying to digest as much as possible, and am confused by a point James Dalton raises. High volume represents acceptance of price, and can be found in balancing areas. Conversely, low volume represents rejection by other time frame participants and is more likely in unbalanced, trending markets. My confusion is that although low volume is associated with trending markets, Dalton says that trends have to have increasing/fair/healthy volume to be sustained, so the two principles contradict each other don’t they? Sorry to ask about such a trivial point but it is important for my understanding of the concepts underlying MP. Thanks all Mark

hi guys i can access the chat room from work but not from home - does anybody know why this may be? thank you mark

Sorry to get off topic but I second that - you should be proud of your English, especially because trading uses a lot of non standard English words and phrases. Mark

This was how Wyckoff started reading the market - by reading the ticker tape. It is explained in his book "Studies in Tape Reading". I just wanted to know why Wyckoffians don't read the tape anymore and intead use bart charts? Thanks Mark

Hi all I am new to studying Wyckoff and have started reading Studies in Tape Reading. My question is: are bar charts less effective than tape reading. From my (admitedly) limited study, one could gleen much more information from the tape than the bar and vol? Please correct me if I am wrong. Thanks Mark

hi Jeremy i'll have a go at explaining but may need some help! with regard to the test, as its name implies generally goes down into an area of previous supply (high volume) to the left of the chart. if the test goes down into this area on low volume (and ideally closes high) you have to assume that the test has been succesful i.e. the supply has disappeared (in practice you have to wait until the next bar confirms whether or not the tes was sucessful. note the key word is down into an old area of supply - Tom Williams states that true tests always appears on down bars - this is logical when you think about the purpose of the test. and this is the reason that bar J is a tes but I is not - although I looks like a test like bar, is it performing its intended fuction i.e. to test supply and the answer is no because it is an up bar. "Can I consider bar J a test for supply bar? and consider it a successful test?" - in answer to your question therfore i would say, yes, you can regard it as a test bar and yes it is sucessful because the following bar is up vaildating the test. no demand is much more striaghtforward - if the market is going up on low volume, the pros aren't interested in the upside. generally a better indication if approaching old resistance area/old top to the left/weakness in the backgroud, supply, upthrusts etc. one exception, as Tom Williams states - you may see low volume on the first few bars in the breakout from an accumulation area however this is not necessarily a sign of weakness - just that the pros have absorbed so much stock during the buying phase that there is relatively little stock at that price level to trade. hope this helps and hope the more experienced guys don't rip my explanation apart too much! mark

Thank you for your very quick replies guys - I really aprreciate it. All your comments are really useful and will be added to my Big Book of Errors for future study! Thanks mark

WHERE DID I GO WRONG?! Many thanks to Tawe for posting this chart. I am based in the UK so look at the FTSE a lot and have been looking to go long for some time. I did so last night which turned out to be a BIG mistake so I would really like to learn where I went wrong. I am only spread betting at this point and I don’t trade intra day because I don’t have the software to do so - just end of day. My logic to go long was based the following: 1.Stopping volume coming in early Oct and again in mid Oct, and again on 6.11 where market drifted sideways – looks like start of accumulation phase to me 2.Narrow spread down day on very low volume on 17.11.08 respecting trend line (as shown in Tawe Trader chart) 3.We are in an uptrend – confused about this point though as we seem to be in an uptrend and down trend at same time (see point 3 below) I am becoming fearful because even through I know VSA works, all of my last few trades have been losers and has knocked my confidence. I am thinking about going back to basics and paper trading for a while. I would really appreciate your thoughts on this trade, and Tawe Trader, why you didn’t choose to jump in like me? How do you guys take a position if you were trading end of day – would you still wait for confirmation on the intra day charts IN THE MORNING before going long i.e. do you think I was stupid to go long the night before without having access to intra day charts or is it OK to take a position based on end of day data only? I might start paper trading intra day before or after work – would you say this is a good idea? If so which instruments/markets would you suggest I concentrate on? Many thanks for your help Mark

Hi guys As I am starting out in VSA, what real time software would you recommend, if I can't afford to spend c.$3,000 on the Tradeguider RT? Unfortunately, my parents bought me VSA5 when I was at university and I pursuaded them that I had time to study AND make use of VSA but it never worked out and, now, years later when I want to get back into studying the markets, VSA5 is no longer in existence and my old disks don't work! Thanks all Mark

Hi all Thank you all for your quick replies and I appreciate the feedback. I guess I just need to jump in and learn from my own experience instead of listening to everybody elses thoughts. One poster also recommended me to return to the original source i.e. study Wyckoff and I think this is a good idea. Thanks again Mark

Hi all This is my first post so apologies if it is in the wrong place. First of all, I want to make clear that I am an advocate of VSA principles and not a critic - I just need your thoughts after seeing two of Sebastian Manby's videos. I know that Sebastian is regarded as a good trader and I also have a lot of respect for him in posting videos where is analysing the market live, as a lot of VSA analysis tends to be retrospective. The worry I have as an aspiring VSA trader is that in Sebastian's vidoes, a LOT of the bars are called incorrectly when analysing live, including a lot of classic VSA principles and indicators. My immediate thought was: "if an experienced trader like Sebastian is making this number of mistakes AFTER many years of experience, is there any point in me even entering the arena?!" I would really appreciate your comments as to how you find the accurancy of VSA when trading live and your successes as private traders. Many thanks Mark