rigel

Thks, I don't have a charting pack that does that. However if you find benefit than that is fine. anything that gives that extra edge in my book. I like to apply wyckoff principles and Taylor's rules. As for slippage if you are trading multiple contracts on NQ, surely you become aware of whether or not your orders are being filled at the price you expect or not.

I believe Todd had some Wyckoff background which initially attracted him to VSA during one of the exhibitions put on by Gavin and when he decided to get on board, Gavin welcomed him with both arms as Todd ultimately provided the inroad into the US market. However I have seen videos of even Todd floundering with questions on VSA especially those connected with VSA signals appearing when say in the uptrending market, there are these spikes in prices with heavy vol and you have these red rectangles appearing over them indicating supply/weakness etc and vice versa. He would then respond by saying you have to learn to ignore them ofcourse that is in hindsight, however if on a particular chart the market went south from one of these spikes and signals, they would then point that and highlight and even paste it on youtube and harp on that for weeks.like the oil chart;) Even today the players have changed but they chime the same song.

Guess Db has trained himself to trade from this fast timeframe charts, to get in the trade at optimum price levels with tight stops, personally I would find it difficult to focus for longer periods this close to the trees so to speak, my charting pack goes down minimum to 1min, even that on European bourses can be far too volatile, try trading Dax on 1min and you will see what I mean;) Anyway would be interesting to hear Db's views on this.

Interesting way of looking at markets forrestang, what exactly is a "5tic Breakout chart" and how does it differ from a 5tic chart. Secondly, do you get much slippage on NQ compared to ES and which trading platform yu employ to trade NQ?

Db, Amazing, make an effort to help , and immediately sarcastic responses from people who have nothing better to do;)

Think the original query pertained to Trading Platform not Tradeguider software. Agreed, TG is a total waste of money(over $3000), any charting pack with price and volume bars would suffice if one makes an effort to understand the basic concepts. All the indicators in TG are superfluous and of minimal value. Pure scam;) and that goes for the latest Advance course DVD at over $900 by the one and only World's first Chart Reading Machine...............Manby :rofl:

Also Al has mentioned climaxes a number of times in the book, so obviously he has included volume analysis at some point in his trading history.

Spot on Db, folks have a similar problem with VSA as well, S/R levels play a crucial role and infact as pointed out Al does highlight this in a section dealing with horizontal line: swing points and other key price levels and I am sure he takes note of these levels from higher timeframe charts as well. Having gone through the book it is clear that he has watched both higher timeframe charts like 15, 30 etc and 1,2,3min, that he does not need them anymore now, he is able to blend the candles mentally, very similar to what happens with indicator divergences like RSI, MaCD etc, after a while you can see them coming just by observing the peaks/retracements of price moves against a MA.

Get hold of Vadym Graifer's book "Techniques of Tape Reading"

Have to be pretty quick in making decisions based on 15sec Have you tried looking at 1min on Dax, I am trying to blend volume aspect with Al Brooks setups, then they make much more sense at least to me otherwise it is easy to get caught up in trying to fit in an unfolding pattern or setup in the many sometimes overwhelming number of terms employed by Al, the latter process was beginning to distract and giving a headache:)))

Yes Al has gone through all of the many time frame charts from 1min to 60min etc and observed the price action on 5min chart relative to that over a long period, same with other indicators perhaps and volume for that matter. I have done that myself He has reached a point where he does not require any of this because he can visualise what is happening on those other timeframes. But that would not be the case for anybody starting out with this book. He or she will have to keep it simple, and as Al points go straight to the Best setup chapter first and progress from there. The more I read through the book the more I realise that trying to attach many labels to any particular setup will only lead to delay and hesitation, at least in the initial stages, best to print out charts at the end of day as Al suggests and mark them in, after a while , this training can leady to automatic recognition. Yesterday I was going through some of the charts in the e-book by Dbphoenix and it is clear that if you try to achieve some understanding of vol, that most common patterns begin to make sense.

Think Al has looked at these 1min charts in conjunction with his normal trading chart 5min for so long, that he is able to visualise action on 1min from his 5min charts, this comes through in many of his analysis in the book and as such many of the pattern names are clear to him, but it can lead another trader into a mindset where he or she begins to figure out which multiple types of pattern the unfolding setup matches, searching for 3/4 reasons to trade, whereas in many cases it is just a setup at a previous support or resistance level. Today I was going through the chapter on trend reversals. Some straightforward reversal setups at least to me have complex analysis on the basis of if there is a Double Bottom Bull flag or not, is it a failed breakout of the 2 legged bear flag of the final 2hrs of yesterday, is it a L1 failure, page 192. By the time all this is processed in realtime, the trade is gone. So although the method appears simple in terms of trading from only a 5min chart, it can get quite complex trying to figure out number of elements in realtime IM0 That is why the volume helps me a great deal to do away with all this. But that is just my way:))

At the end of the day it does not matter, as long as you have found a method which is consistently profitable for you.))

It ought to be clear from this thread 1. VSA is derived from Wyckoff. 2. So the obvious is to study Wyckoff first, and as has been pointed there is whole load of free info. on the Wyckoff forum 3. Then try out some of the VSA stuff. 4. Then come to your own conclusions for your trading career.

Spikes only mean brakes are being applied, that's all, markets can go sideways or momentum can carry the price beyond, but some like to consider this as automatic signals for trend reversals. especially "those who advocate that markets do not like up or down bars on high vol":)))

You are right, it can be frustrating as there are so many terms and pattern names, by the time you have figured out which one you are looking at, the trade would have passed and then in hindsight it becomes so easy to justify with all the trendlines, etc. Many of the charts in the book, though based on a simple 5min chart have so much complex analysis, so in realtime it could be worse than say anybody who relies only on CCI divergence as an example. Guess as Al says he prints out these charts daily and identifies the setups as a daily routine exercise, so you reach a point where it becomes subconscious like driving a car.

I use infinity, however the statements they send out are from Transact, that is where I am informed the segregated accounts of clients are kept. It certainly is a matter of concern if those guys elect to syphon away the balance if the account remains dormant for a while. I would be the first to close the account and move the business elsewhere, they are other brokers out there. Would appreciate if infinity guys would clarify this.

How many times it has to be pointed out there is nothing like plain old VSA having had an existence as an independent entity detached from TW, GH, TG, Manby and the rest, What do you think these guys are using to promote their seminars, software, bootcamp etc.

As Monad pointed out, if yu go back to through the posts, it was Manby who came in asking for evidence etc. There is no question of hating or disliking VSA/TG, or telling people what they should or should not follow, it is their money and as has been pointed out in the final analysis their choice. Here an effort is being made to state facts regarding VSA as Manby asked, Make an effort to understand that aspect with clarity without getting entangled in emotions, we are not talking about bananas;)

You keep deluding yourself. Walmart and bananas, you reckon that is logic, it is a supermarket selling zillion items. Is bananas at the heart of their business?)) What is the central theme of TG? What is at the heart of the business? What is the stuff they sell based on? Where did the TG company originate? could it be a VSA company in U.K run by TW:)))) Who is running/promoting/appearing at most seminars etc with GH nowadays? By your own statement regarding GH as a marketeer, you are confirming and admitting that VSA is being marketed through Tradeguider. Remove VSA, what is left? will anybody buy that package or go to seminars? Forget about Wikipedia definitions of fallacy etc, use your own intellect and everyday experience of cause and effect.

You can learn more on climax, stopping vol. , bag holding concepts just by studying the pdf file analysis of 1930-31 by Wyckoff on the forum as has been already pointed out. All the talk about VSA by Manby GH and others is mainly with promoting Tradeguider. As per a close trading friend, Manby is on record here on a previous VSA thread coming into promote his London seminar with promises of live videos of his trades which will be presented over the weekend seminars, however they never ever materialised, get hold of the seminar DVDs to confirm this. Then he came in promoting his visit to Chicago seminar with photograph of him posing outside some building on the chicago street. If this is not marketing , don't know what else is:)))) What has all this got to do with teaching people how to trade by understanding Effortv/s Result as has been pointed out in previous posts.

Read the full post again: H1 is in a downleg of a bull trend L1 is in an upleg of a bear trend. ie. both should occur on retracements for ideal long and short respectively. If that is not clear enough, go to page 128: "The pullback usually forms a High 2 pullback in a Bull or a Low 2 in a Bear (an ABC correction)" HENCE L1 OCCURS IN AN UP OR SIDEWAYS(ABC CORRRECTION, RETRACEMENT) MARKET IN A BEAR TREND AS AN IDEAL SHORT SETUP Based on this there is a typo error, why not let Al brooks comment on this.

Then we have a problem: If you look at the para before the quote on p120, "H1 occurs in a down or sideways leg .........................................." Then : "Likewise a Low1(L1) occurs in an down or sideways market" Has to be "an up" not "an down" grammer:))) H1 is in a downleg of a bull trend L1 is in an upleg of a bear trend. ie. both should occur on retracements for ideal long and short respectively. Am sure Al brooks can clarify.

That is why in Chapter 11 "The First Hour", it is emphasized that price action is more important than patterns against EMA in the initial opening period.