Wookey

I have not taken any courses from Tradethemarkets, but I have used their traderoom. And I need to say that it is totally worthless. I personally know Rob Hoffman, he is a nice guy. Earlier, he used to have one of the most important quality of trader - patience. I personally disapprove his trading style, but with his enormous patience and lack of greed he always ended up with a good trade. I think, if I had his patience trading Drummond Geometry, I would be a very rich guy. When he joined tradethemarkets it all changed, instead of having a small group of 50 people he now has a room of 1000. No personal touch, less trading more talking, less attention to the market, more marketing of TTM courses and products. It ended up pretty bad one day few weeks ago, as you may know, when he got a margin call. John Carter traded in the room few times apparently he was successful. Once, he made about 50 grand in one trade. However, whenever he trades, I have an impression that he is cheating and showing only winning trades. He has several DOM's and brings forward only profitable trades, but what happens in the background no one knows. I need to stress that it is my impression, I cannot prove it.

Hello, I would like to return this thread to life. I have been trading Drummond Geometry for some time and I have a question for all of you who knows it. In the course they use a term "hold". Support a resistance can hold or break. There are two ways a level can hold: "hold" - price never reaches the level "hold on close" - price reaches and trades above/below the level, but closes below/above, so holding on close. From your experience, is there any difference between the two ways? For instance if support holds on close and resistance just holds, does it tell that the both levels are strong equally? Wookey

Soultrader, For me it looks more like short signal not long. The bar you marked is a test of supply and despite the volume is lower than previous two bars, it still retaltively high. If you drew a MA over volume (btw, as I understood TG uses 15 MA not 30), you saw that the volume was above it. So, it's a possible failed test, the next bar up on low volume and the volume is less than two previous bars, it's a classic no demand. We have two signal of weakness in bearish move, I'd consider it enough to take short. Wookey

I think yes, it is no demand, not confirmed yet, though. But you may also notice that it looks like test of demand. Price was marked up but didn't find buyers and fell back. And what is also important price gapped up indicating initial intention to move up. Tom Willams mentioned only testing of supply, but I think the rule can be reversed. Anyway, I would not rush into short until this signal is confirmed. We have WRB down on Monday, which is effort to fall. High volume up bar on Tuesday stopped the move. Now you see that WRB bar formed support and resistance, which both showed some strength. So I'd wait for confirmation of no demand withing range of WRB or upward breakout out of WRB range tomorrow. Wookey

To indicate reversal a squat bar should be in trend or after a WRB. Bill Williams would regard the squat bar as a reversal signal if it is completely outside his alligator. Wookey

The name Squat comes I believe from Bill Williams' book. It's a bar which has higher volume and narrower range than previous one. Tom Williams also siggests paying attention to narrow spread bars with high volume. Wookey

Hello, Can anyone tell me what's the opposite of Up-Thrust? Wookey

Soultrader, See how TradeGuider interpreted yesterday's actions. The first green rectangle is "Strength coming in" signal. The bar has very wide spread, ultra high volume, it closed in the middle part of the bar and made new low. Basicaly, I think, the most nervious sellers started fixing their profits. The next red triangle was identified as "No Demand" signal. The bar has narrow spread and low volume. It signals the end of retracement. You may disregard that signal in ranging market as not really important. The next green rectangle is called "Climactic action". You see it has ultra wide spread and ultra high volime. In fact it's the widest and highest by volume bar of the day. When you see a bar like this you should think if it's a selling or stoping volume. You may anticipate it knowing about strong support at 12190, or wating for the confirmation which happened on the next bar. In Drummond Geometry a bar like that is called an exhaust. The second red triangle is a "No Demand" bar again. Next signal is missed here but you already should see that if you combine two bars in 10 min bar it will be the same signal as the first one. And the last red rectangle is Upthrust. The volume is not so high, spread is wide, high is hihger than previous several bars and the close is in low part of the bar. They describe it as stop hunting desined by market makers to mislead traders. Hope that helps.

PivotProfiler, Attached. The last three signals are considered weak, thus additional support is needed. The congestion zone at the top (between 3210-3220) when reduced to 15 min bars, looks for TradeGuider as no demand.

More charts from TradeGuider. Attached: 1. Euro Future Daily 2. Microsoft Daily 3. Mini Dow Jones 180 min 4. Mini Dow Jones 1 min If you have a request for certain symbol and tf just let me know.

Yes, this is exactly as I do, use Drummon's levels from daily and weekly and use MP to see on lower TF's if levels are holding or breaking. But MP doesn't always catch it, but this VSA thing looks like can really help. Eh, If only I could join them in one platform.

notouch, I think you know the answer. there is no ideal timeframe. I wish their software analysed pure ticks not bars. There is nothing special in 1 min close price. About entries, You should not think that all reddish signs represent short entries and greenish - long entries. Some of them are "soft" signals like "we would not go long at this time". And also they recomend looking at other indicators like Relative Volume Indicator, their trend indicators and so on. Look at the chart attached, it's EURUSD 120 min. I think if you want to catch all swings, you should skim for several timeframes. Short term trades - 1min to 20 min, Mid-term - 30 min to 240 min and so on. If you are interested I can post some more charts. Just let me know. P.S. Personally I would rather have indicators for TradeStation or eSignal than stand-alone software. I use Drummond Geometry and Market Profile to trade, and using another tool for confirmation/entries is not very convenient.