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.

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.

Some of the material by posters like PP and others have been withdrawn. Plus some of the early big names have either moved on, or are reluctant to posts on VSA part 3. Is there a way we can encourage the gr8 names of the past to accompany us on the way to VSA part 4,5 to part 10.

my trading station, where i am based, has low internet and sometimes the power goes down. last night, i was unable to attached a 2nd chart showing the corresponding bars on my platform. i will be trading similar VSA patterns on Tuesday 12 may '09 , and will take handwritten notes of the setups in the hour slot where I will trade for the contest. The attached chart shows variance between the volumes and spread on my platform and the chart program ensign with transact datafeed. obviously, the platform chart and prices assume supremacy. Again, this leftside, hindsight analysis helps to reduce errors of analysis and helps improve pattern recognition in realtime, as the VSA patterns repeat themselves every hour of the trading day.

Well Sevensa You are bold enough to meet my expectations. I view this thread as an educational thread and therefore, will leftside, hindsight analysis has limitations, it has tremendous educational value for me. These patterns repeat themselves again and again, and therefore knowing my shortcomings on hindsight, helps me to improve on them. Living in east africa, i dont have the resources to pay 4k for a tradeguider seminar. Plus I lack the time resources to trade fulltime vsa patterns and upload my bar by bar review. You will remember i have hinted for a lieve vsa room, but the responses have been varied. Your comments are like a goldmine to me. I can reflect on what may be divergence of opinions between us, and obviously, since u are a veteran, i have to give the benefit of doubt to you. You may have access to more VSA resources or might have paid more attention by reading MTM or Untoled Secrets more times than me. I am 200% appreciative of your comments and will take the afternoon to look at them and study the divergence between us. The lifeline I mentioned is real and there is indeed a random contest where u trade futures. VSA, I believe, is a solid method for trading successfully for 1 hour period using even the noise on 1m. the advantage of 1m, at least for me, is closer stops.

Hi folks, I have selected the Swiss futures (6sm9) for 7 May 2009, the trading session from 17h00 to 18h00 ( 11 EST to 12 EST). Imagine, for the sake of game play, that we have a couple of margin calls on our account, and a close buddy throws you a lifeline by giving you, say 500$, to trade for an hour and u keep all the profits. From this background, I have thrown a challenge at VSA to help me analyse the setups occurring on the basis of spread and volume action on this 1 min chart. These are the patterns I see in this 1 hour time period. 1. Uptrust. Consider weakness in background and that volume is decreasing in next bars, showing that professional selling took place on this up bar. 2. Uptrust. This is another uptrust in a weak market. 3. No Demand. Another high probability pattern for shorting. 4. Uptrust. Volume increase but effort is not matching volume, as price close in middle, spelling more downside. 5. No Demand. This is a shades of gray, but it has volume has than previous 2 bars and it is good candidate for a short. This bar;s high fails at the low of 1, converting that level from support to resistance. 6. Bottom Reversal. Volume dries up compared to previous bar and close is higher too. 7. No Demand. As we are in a rising market, its easier to spot the lack of supply. 8. Stopping volume. A down bar closing in the middle on average volume. 9. No Demand. Back to back no demand bars but the lack of follow through on following bars. 10. Top reversal. This is a two bar top reversal on decreasing volume. 11. Stopping volume. Volume is less than average, but its still match the stopping volume pattern. 12. No Demand. This bar setup match a two bar top reversal. However, volume less than 2 previous bars qualifies this bar as a decent No demand bar. 13. No Demand. This is our bread and butter setup for shorting failed tops. 14. Test. This is testing the high volume of 11. I wanted to go a step further, and from this setup, select the highest probability 5 setups that I could have taken. The highest probability is informed by the fact that our stop would be 3 pip below the low or high of the previous bar, and it would be pattern that a professional VSA trader would not skipped. Bars 3, 6, 7, 10 and 12 come across as the highest probability setups on this chart. Please let me know which 5 setups on this bar would be your highest probability setups. If possible, post your own 1 min chart from your datafeed, so that I can compare which datafeed has more reliable volume for the Swiss future. I am using ensign with Transact on this chart.

Eiger As the thread starter, maybe u may want to come up with some directives for newbies who accidentally came across this thread and start posing noobie questions without reading part 1 and part 2. I think it should be mandatory reading for any VSA enthusiasts to read Tom Williams MTM, and to at least take the time to read the 1st 10 pages of part 1 and part 2, before posing questions. Another second directive should be that when noobies or recent arrivals to VSA posed questions, their questions should be annoted on charts. Certain directives need to be put to grow the thread, so that we can each day come and poss our readings, or better, post mo realtime developments on the charts.

Eiger Do you have any VSA related indicator/template for ensign, that I can use. Some posted alerts, but I am able to put up those alers in ensign. The alerts painted bars with volume < 2 previous bars and r quite helpful. Any1 could upload them as a template here. Thanks

Eiger Would u let me know how my vsa commentary fares. I can always do with a little feedback from a grt8 VSA Enthusiasts? The only problem with forex volume, is that I dont personally trust the reliability of forex data on metatrader platform. malcolm does a gr8 job trading the gbpjpy with volume data on metatrader on the forexfactory thread. for me, volume data provided by FXCM on ensign is much more reliable. However,malcolm floats his boat with mt4 volume data and it works. of course, if u see stopping volume or climatic action on mt4 or ensign with fxcm, it represents the same thing: either a dramatic reversal will ensue. a rose by any other name .... pST!. I think I have paid a little of my dues to grapping VSA. Altough I havent read MTM, I have read Untold Secrets 4 times. Plus I have watch the free videos at VSA Club. But more importantly, I do take Eiger's charts on this pure VSA thread, and without looking at his comments, I write my own comments of volume spread action, and then compare it to his notes. where there is divergence, i know i need mo work on that aspects. fortunately, VSA has distinct patterns for up and down markets and that helps to shorten the learning curve.

Commentary of 7 May 2009 price action in EURUSD 3 min. 5-8 EST I have read on the other VSA part 2 thread of a ultra negative posters, claiming u cant trade the forex with VSA. While I remember clearly that the context and background are important, as Eiger advocates, I have just quickly annotated today’s price action on the EURUSD to show the doubting Thomas where the high probability setups came up on the 3min chart. On the advice of our friend Tasuki, I have put vertical lines for easier reading. 1. TEST. This is testing the previous high volume area at X. 2. SHAKE-OUT. A sign of strength but a not a good risk to reward trade given the spread. 3. TEST. Testing on volume < previous 2 bars. Nice sweet to initiate a long given strength in background. 4. NO DEMAND. Given the strength in background, it’s a warning sign to tighten up stops when long. Not in nice spot for shorts as there is no weakness. 5. 2 Bar top reversal on volume < 2 previous bar. Sweet spot for shorting. 6. NO DEMAND. Nice place to short. 7. UPTRUST. This is the highest probability setup on this chart to short. 8. Bottom reversal. Demand exceeding supply. 9. TEST. Testing to see if selling is flushed out.

Anatomy of afternoon session on YM 1. Up bar closing on the low range,on volume higher than previous 5 bars,is bearish and a strong short signal. 2. No demand up bar,with narrow spread, is bearish. Note all the following bars are down on low volume, a sign of strength. 3. Climatic action. A wide spread up bar closing on the low, on high volume is bearish and sign of weakness. 4. A down bar closing in the middle, on volume higher than previous 2 bars, is bullish. The next bar confirms the bullish reversal, by opening below previous close and closing above high 5. A down bar with narrow spead on volume lower than previous 2bars is a test in a rising market. A nice safe haven for entering longs. 6. A test, another safe spot for entering long or halving a profitable position. 7. An up bar on narrow spread, on volume lower than previous 2 bars, is highly bearish. A duck sitting on a fence i.e. an easy target. 8. A down bar on narrow spead, closing in the middle, on volume lower than previous 2 bars, that’s a sign of strength. 9. An up bar on narrow spread, on volume lower than previous 2 bars, is a sign of weakness. A sweet spot to short. Note the weakness in the background i.e. previous bars closing on the low or middle 10. Climatic buying action or stopping volume. any comments welcome