humdesggg

does sierra have marketdelta indicators or charts

this post deserve high commendation, as it is the really the order flow that is at the core rather than its interpretation through algebraic calculations. a simple understanding of the order flow, coupled with tight risk management, should do. no need to spend 2500$ on something that is really simple

I see some friends here r impressed with GOM tools,but i have major performance and quality issues with them.compare their values to marketdelta and u see huge divergence between them. in my opinion, gomladder still needs major rework b3 it comes to MD quality. Fulcrum, is cumulative delta a proprietary indicator in investor RT or does it come with the software. I was in your live room but u didnt pay attention to me as a visitor. Fulcrum, maybe u should have started your own thread rather than watering down OFA on this thread

Eiger thanks for keeping the home fires burning on our thread. Would u please help me a little. Which of the setups would u call high probability, low risk and which would you call low probability high risk setups. dont mind the terms, just help me which ones in your experience are better suited for conservative entries.

I have been out of action on VSA metholody and would like to pick up the pieces. here is my interpretation of the VSA setups on the Emini S&p. of course newer traders are advised to read the volume spread action on the 5minute against the background of the 15,60 charts, which gives more clues on resistance and support levels 1. We are in uptrend, marked by closes in the upper range. the prior bar has high volume, but the current bar has decreased volume and price close on the low. this is bearish and a setup for a short, subject to following bars closing below the low of this bar. 2. An up bar on reduced or average volume suggests no active buying interest, and a sign of no demand. the close below the low of this bar on the following bar is proof of further weakness. 3. Siminlarly, a no demand bar. 4. a Contraction of bars, seen in the spread narrowing, always foretells something coming. a close on the low shows further weakness. 5. Huge volume flowed in on previous bar. If there is active selling, we expect follow thru. However, this bar shows reduce volume and a close in the middle. Bears, altough showing desperation, lack power to pull down prices. A sign to get out of shorts. 6. After a contraction of bars for longer period, this bar fails to take out the low of the previous bar 2 bars ago. Volume interested also dries up. This is a test of the lows at no 5. 7. Great volume is needed to push above the highs at the left side. Cautious, conservative traders would wait for a test to get a safe entry, which comes 2 bars after this. Trendline traders would be happy to jump the soup train here, as clearly a downward trendline is broken. 8. The uptrend is in doubled, with a close on the low on volume higher than average. 9. a successful to see if there are sellers lurking somewhere. The bears fail to come and price can resume its upward trek. 10. Weakness comes in on up bars. this is a no demand bar. 11. a little contraction is always helpful to learn which way price is going. here a close on the low open floodgates to the south. 12. a Shakeout,a bullish sign of a trend reversal or uptrend resuming.

I think u made the right choice by starting with these thread, and u will find it exceptionally helpful in nailing down effort/result analysis embodied in VSA. When I came across VSA, I read TW's Undeclared Secrets 5 times. By the time I came here, I made a point of reading Eiger's posts, and without looking at his comments, I sat down to comment the setups he has identified on each chart. By making my own comments prior to reading his, I found that where I got variance in naming the setups, I could go back to the book and read up on stuff I had trouble deciphering. I dont see myself as an Expert, but I have pretty much a bigger understanding of the effort/resuls framework using this thread. of course its a pity that myself, and other posters do not share our analysis that much. it always help to analyse some1 chart's and check the details. For me, I dont see divergence of analysis as me or the other party being wrong. It may show the depth of the hardwork and revision that one trader puts in versus the effort of other traders. In terms of a wishlist for this thread, I basically wish a little mo profilic posting from all of us.

Sebastian appears on many of the VSAclub videos, and therefore, is part and parcel of the Tradeguider Team. His greatest claim to fame is being called chart reading machine by the great TW. He benefits bigtime from his association with the GH himself and his realtime VSA skills are seriously in doubt. TW himself brought out MTM to sell VSA. MTM, is a watered down version of untold secrets, and some evil ones tought that the way to quick riches, is to sell rebrand VSA7 and sell it t 3k. Any prolific trader with excellent risk control can make 3k a day. Why dont GH, TW and Manby, who profits from the big fees charged to seminar attendees to see dead chart analysis, live from their trading. Lets not be naive folks. People, like TW, write books to sell software like VSA7. A little while back some prolific poster, using price and volume to post trades on forexfactory, was uncovered that his posts are thinly veiled advertisement for his commercial website calling signals. Moderated Message: Please refrain from rants and try to keep this thread on-topic. Rants regarding VSA should be posted here. - Soultrader

The Great Rumpledone Thanks for doing this mate. I hope u can upload them here. We could do with little bit of automation, especially on Ninjatrader. Anything free that empowers the VSA masses is welcome.

Another hugely misleading fact of the TG camp is that you absolutely need 400+ indicators in their software to trade profitably. Even VSA7 has tons of indicators that r totally deviating from the effort/result parameters. What Gavin has done with VSA is what one forex system vendor did with pivots i,e. take an entirely innocent indicator like pivots, create confusion and resell it as THE system to trade forex. Gavin has become a aggressive salesman, who even brings Sebastian onboard to look at dead charts at a weekend seminar, to pump out a few thousands $$$ from unsuspecting seminar attendees, rather than pump profits out of the market on profitable trades. Thats the reason I strongly feel that all VSA enthusiasts should think of a liveroom, where we can bring VSA principles to live by confirming basic effort/result setups from multiple datafeed/charting software. This is what Anekdoten's fans did on elitetrader. We need to have a liveroom where we can put socalled CRM's to the test.

We have a lot of people following these thread, who are distinguised VSA traders in their right. I think generally we are ready to go the next step, and that is to have a live interaction during trading hours. That sort of tradingroom would be free, but based on number of rules i.e. the trader at least reading part VSA part I as foundation. I have privately checked with few friends and it seems it is a practical idea. Moreover, given the multitude of datafeeds and charting software, a live room would be hugely beneficial. Thanks Tasuki for reoirenting the room

Nothing wrong with that, but the difference is nailing the setups in realtime VS hindsight analysis to fool seminar attendees. Whatever hindsight analysis should be provided free of charge. Plus u dont need a 3,000$ program to call VSA setups for u. U just need price and volume to get going. The issue here is to differentiate those making business based on past data with hindsight and those diehard price and volume data traders who dont need nicknames to impressed seminar attendees.

Sebastian U admitted to using hindsight to analyse dead charts over the weekend. Why do u object to being reminded of that? U also seem to be impressed, like a schoolboy, with your nick name as 'chart reading machine'. TW calls u that on the VSAclub videos, so does your old friend Gavin. Now, I feel u should be held accountable for this nickname, and the only way we can put u to test, is to see u read the VSA setups in realtime. The other day Gavin failed miseably trying to trade forex on tokio open with tick volume data. If u r a CRM, let us just put u to test, We can meet on skype, and see how good you are. Else u tell TW, Gavin and your would be fans to stop calling you CRM, since u success is solely based on hindsight.

Mantra, You spotted it correctly. I noted another high prob setup, that I labelled 3 on your chart. Its based on Tom's statement that decreasing volume on increasing prices is bearish. I marked it 3.

I will upload my chart showing the trade from Ninjatrader a little latter, to show that it was not hindsight analysis, but I valid entry and exit on VSA principles

I traded a short around 8 today, and exited at 9 when i saw stopping volume. the rest of trades are commented for educational purposes only. 1. 2 bar bottom reversal. sweet spot to initiate longs. 2. Uptrust, a nice spot to short this thing. 3. Strong close. A down bar closing in upper range is a duck sitting on the fence. 4. Test meaning Smart money has withdrawn, leaving retailers directionless. It is a SOS. a close below the low of 3 would be bearish. 5. Stopping volume. a High probability to go long. 6. No demand calling into question upside momemtum. the ultra high volume 2 bars before 6 decreased. Markets hate ultra high volume on up bars, as it harms their own selling. 7. Uptrust to initiate shorts. 8. Weakness creeping 9. Stopping volume.