mister ed

In that bottom pane, to reproduce Chad's chart in the VB thread add in: Buy Volume Sell Volume (Negative) Delta (Buy - Sell Volume) <------- this one will need to have its colours changed

Hmmmm Yes you are - check for the Selling VB (the red negative bars) you have not specified some minimum trade size?

ST - when you want to add another indicator to the chart but you want to overlay it on an already existing indicator (so for example putting two variants of the VB in one pane) specify the pane in which you want to place the new indicator as being the same pane the existing indicator is in - see attachment.

Has anyone used the live support from Investor R/T? I was building a chart that I couldn't get right (the stumbling block was allocating data to a variable and then creating that variable as a custom instrument) and emailed tech support there. They advised me how to do it, but when I still couldn't, offered to access my computer remotely and build the chart for me. Once in it took all of two minutes or less - amazing to watch on the screen in front of me ... then follow up email to make sure I was happy etc. Impressive stuff.

Hi Taz - yes he is. I have found some info about him on the net, cut and pasted, and credited to source, into this document (attached). Very interesting. Richard Ney.pdf

The charts on my post 11 have disappeared due to a system error (nothing suss!) and will be restored ... just letting everyone know given recent goings-on... I have duplicated this post on the VSA thread with the original charts if you can't wait to see them again...

Hi all, this thread is going really well - thank to everyone posting it is really helpful and interesting. I have posted a bit of an analysis in another thread that could be of interest to Wyckoff and VSA users. It is reproduced here for interest, hope you dont mind. In this re-post I have corrected one typo, otherwise it is unchanged. ---------------- OK - here is my take on STX as of now. Usual caveats apply. Be interested to hear of others' take on things. Chart 1, the 1 point by 3 box reversal shows a big spike down to the August 07 lows, and a reaction from there to where it closed today. So once again there was demand around the $19 level (downto $18.50). This spike down could well be what Wyckoff analysts will refer to as Preliminary Support. Chart 2, a 1 point by 1 box reversal shows me some signs of accumulation beginning - after the preliminary support and 3 point rise we have a small dip (test) and then continued buying (response). Strength. As of now, though, this move from the preliminary supply spike down is not enough to take it on an extended move higher, there will need to be more accumulation before a significant rally can develop. Thus expect sideways (to aid the process of accumulation) from here, not straight up. Chart 3 is the daily OHLC/candle. It shows some VSA warnings. Zoom in to chart 4 to make these clearer. I will point out some significant points to me - they are in the past so are of limited value now, but these are the things I do watch for. The move down in mid Jan on huge volume - reversed by a Marubozu day on the 22nd followed by a bullish hammer the next day (I should clarify, the names of the candles are not the important things, rather the price moves that they represent are what are important to me. And, especially on daily charts, the closing price is of a lot more significance than the opening price)). Both on good size volumes, obviously demand is re-entering the market. Supply showed itself on the 31st - narrow range with jump in volume, but demand was also present that day, there is strength here as indicated by the hammer on the 4th. The rally since then has been on reasonable volumes, although declining. The price is now re-entering an area of previous congestion (early Jan, $22 to $24). The price action for the 11th shows another test lower (the lower shadow of the candle) with a strong close, but volume is still declining. For me, the rally from the preliminary support low has about run its course for now, there could well be another point in it, but the probabilities say to me that demand is slowing - any move up above the highs of the 11th are a good opportunity to take profits on longs. Keep in mind that price volume analysis is like a movie, you have to keep watching as things change, but on what is presented as of now thats my view. One more thing - it is very interesting with news of the buy back being talked about. If you are of the view that news is used as a tool of manipulation much of the time (I am) then this news is a warning bell that someone wants you to be buying here. ps - I dont have a feed for US stocks, so I am very impressed by Stockcharts! ----------------------------------

Thanks James. I will get Skype by then! 21st century here I come!

Can you delete cookies or anything like that? How did Bush do it in Florida LOL?

Thanks for the kind words Eva and thanks for the thread - good idea to do these. I think that observation about the prior resistance and the candles getting smaller is spot on.

I have just had it pointed out to me that there is a typo in there (highlighted in yellow) That yellow highlighted word should be SUPPORT.....NOT supply Thank-you

OK - here is my take on STX as of now. Usual caveats apply. Be interested to hear of others' take on things. Chart 1, the 1 point by 3 box reversal shows a big spike down to the August 07 lows, and a reaction from there to where it closed today. So once again there was demand around the $19 level (downto $18.50). This spike down could well be what Wyckoff analysts will refer to as Preliminary Support. Chart 2, a 1 point by 1 box reversal shows me some signs of accumulation beginning - after the preliminary supply and 3 point rise we have a small dip (test) and then continued buying (response). Strength. As of now, though, this move from the preliminary supply spike down is not enough to take it on an extended move higher, there will need to be more accumulation before a significant rally can develop. Thus expect sideways (to aid the process of accumulation) from here, not straight up. Chart 3 is the daily OHLC/candle. It shows some VSA warnings. Zoom in to chart 4 to make these clearer. I will point out some significant points to me - they are in the past so are of limited value now, but these are the things I do watch for. The move down in mid Jan on huge volume - reversed by a Marubozu day on the 22nd followed by a bullish hammer the next day (I should clarify, the names of the candles are not the important things, rather the price moves that they represent are what are important to me. And, especially on daily charts, the closing price is of a lot more significance than the opening price)). Both on good size volumes, obviously demand is re-entering the market. Supply showed itself on the 31st - narrow range with jump in volume, but demand was also present that day, there is strength here as indicated by the hammer on the 4th. The rally since then has been on reasonable volumes, although declining. The price is now re-entering an area of previous congestion (early Jan, $22 to $24). The price action for the 11th shows another test lower (the lower shadow of the candle) with a strong close, but volume is still declining. For me, the rally from the preliminary support low has about run its course for now, there could well be another point in it, but the probabilities say to me that demand is slowing - any move up above the highs of the 11th are a good opportunity to take profits on longs. Keep in mind that price volume analysis is like a movie, you have to keep watching as things change, but on what is presented as of now thats my view. One more thing - it is very interesting with news of the buy back being talked about. If you are of the view that news is used as a tool of manipulation much of the time (I am) then this news is a warning bell that someone wants you to be buying here. ps - I dont have a feed for US stocks, so I am very impressed by Stockcharts!

C'mon HAL - keep up! :haha: I reckon it is pretty clear what it means - once it is posted the work is the property of TL ... I would imagine for specific postings alternative arrangements could be made beforehand if necessary. Now, enforcement of this provision is another matter. James operates this site with much goodwill (along with much blood, sweat and tears I imagine) , so the legals are only there as a last resort.

Maybe we should be asking two questions BF. 1. Who owns the work? 2. Who should own the work? You have asked question 1, but I think your intention (please correct me if I am mistaken) is/was also to touch on question 2. I also think some of us have mixed our answers, letting thoughts about Q2 impinge on answers to Q1. I don't think there is anything wrong with this, the board is for discussion after all. I think the answer to question 1 is to be found in the Terms of Use link at the bottom of each page, quote: --------------------- 3. Proprietary Rights Unless otherwise indicated, copyright in all pages of this Web Site, including the design, layout, graphics and other design elements, and in the information and material contained in and on this Web Site, is owned by Traders Laboratory LLC. ----------------------

The argument often goes that if someone bought then someone sold ... that argument doesn't hold water with me, if the transactions are instead viewed within the context of price progression then we can apply some analysis. This might be an ideal opportunity to apply some Wyckoff techniques, or even just some VSA techniques ,and see what we can come up with in the way of probabilities. On a purely simplistic view, if the purchases were part of a stock buy back then they should be bullish ... not necessarily for tomorrow of course. If you want to share the code Eva we can have a look?

Hi Sledge Well I think MrPaul has said it - once its on a public forum for all practical purposes its public. I don't know what PP is going through, and although I am p*ssed off with what he has done I am going to give him the benefit of the doubt and remember the good stuff he gave while he was here. Again, on a practical note, if his plan is to delete the text as well (if he can), then let's get cracking on saving those!

Thanks for all this info everyone. I didn't know dbphoenix had a book, his threads around the place are very useful for VSA.

Thanks James, appreciate it.

Dunno about the legals either, but I assume the forum owner owns the work unless some other explicit arrangement has been made. From a practical point of view, once its posted its public. With regard to the events that have just happened my understanding is the technical means of pulling charts after the event no longer exist?

I have registered and haven't heard a thing back. Monday Feb 18 is all I know - no time/place indicated yet.

Well done Sledge - thats a great help to all. I had a few charts I had saved to take notes on too, these I have already forwarded to James to integrate back into the original thread if it cannot be restored, so I think with the great community effort a lot of these charts will be back on the site freely available again.

Thank-you for the info James, gives me time to get my TL fix now!

Well, I gotta say that the way this thread here has started out it is going to completely eclipse the first one - Tasuki has added a whole new dimension to the charts with his lucid comments and notations - he has set a high standard for us in this here thread.

Hi BF Wow! I sure miss Walter, I really like the way he conducts himself, his sense of humour, his information .... I don't know him at all, but my understanding is he is taking 2 months off and be back soon. I sure hope so. PP - no idea sorry

Hey Tasuki - your notations are a big value-add to the charts - Thanks very much!