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mister ed
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Everything posted by mister ed
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Hi dandxg - yes I have a PF chart running on the ES. I use it in conjunction with bar/candle charts.
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My car came with indicators, I didn't choose them. I don't always use my indicators. I will often make a turn without them...then there's sometimes I indicate and don't even turn...I don't pay much attention to other drivers' use of indicators for these reasons, prefer to watch their actions and judge their intentions that way.
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The Yahoo group is at http://finance.groups.yahoo.com/group/Wyckoff-SMI/
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Monad - that is great information thanks, be very worthwhile for people interested in VSA to co have a look at. VSA is a subset of Wyckoff analysis. Have a look to at the recent postings of gassah too, he runs a Yahoo group focused on Wyckoff analysis, he has posted some good info and links also.
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Introduce Yourself Here - Don't Be Shy!!
mister ed replied to trading4life's topic in Beginners Forum
Hi khai42 - welcome to the site - look forward to hearing your thoughts and ideas especially on options. -
Wild S&P spike overnight!!
mister ed replied to aidaweb01's topic in Swing Trading and Position Trading
Thanks for the info guys - I saw the spike but as I really only pay attention to the RTH I ignored it, thought it may have been a data issue or something ... difficult for those who track technical indicators through the overnight session though. I wonder if I can submit my losing trades to the CME for busting, say the cat walked across the keyboard or something. -
Welcome to the board Eva - yes there is plenty of information here! Regarding finding schools/mentors can i suggest you spend a month or so reading everything you can on this board and maybe even start paper trading (simulated trading) a market you are interested in - this will give you a feel for trading and what you need to know and will put you in a good position to have a better idea of what you want and need from a school/mentor, the questions you need to ask before committing and so on. If you have time join in with the chat room during market hours and watch what traders are doing. There are hundreds of great posts and threads on this site and plenty of great posters. I am reluctant to nominate just one but if you read everything you can from "Walter" (the Chimp) and then follow his workings in the chat room that would be a great start. Walter has posted many very thoughtful and coherent threads where he explains his reasoning, testing, results and so on, so even if you end up not following Walter's style of trading you will get a great guide to a very robust process to employ in setting up your own trading approach. There are others who have posted some threads that are well-structured from a learning perspective too: BrownsFan019 on trading with candlesticks, JPerl has an amazing series of threads on Market Profile, Soultrader has plenty of videos showing trading in real time, there is a massive thread on the application of VSA with consistent contributions from PivotProfiler. Now there are plenty I haven't mentioned too, just too many! Enjoy!
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Introduce Yourself Here - Don't Be Shy!!
mister ed replied to trading4life's topic in Beginners Forum
Welcome, always good to have the smart money aboard! -
Is the YM still going to be free after the trading switches over to the CME?
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Basketball fans - you have to see this to believe it!
mister ed replied to brownsfan019's topic in General Discussion
He makes everyone else on the court look as tall as me....(i.e. not very) -
Are you trading futures? Open ECry includes data/charting in their platform - costs nothing for access to their platform.
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Investor R/T has a playback, as does Market Delta.
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My biggest problem was coping with TL withdrawal. But getting my fix again now I third the unread posts feature, very handy indeed.
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Thanks gassah - much appreciated. I can see lots of work ahead! E.
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Thanks gassah. The group you moderate, the SMI/Wyckoff Yahoo group, given the huge amount of information in the postings of that group do you have any links to particularly instructive posts/threads or series of posts/threads that you can single out? If you have the time? I am sure a lot of the information there would be of use to those (like me!) following this thread.
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Thanks James - that's a valuable article (for me at least). It is going to find application in my approach to trading, really appreciate the link. E.
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There are, so far, >120 pages on this thread alone, I think you can go pretty deep just studying these: there is huge amount of written material and in the later pages there are audio/visual presentations also. Study this thread - great first step. Have you downloaded and studied the ebook Master the Markets? Thats going to be helpful and a great second step. There are threads on ET also, pretty sure the links are on this thread - good third step. All of this is free so far. If you want to stay with the free resources, start investigating Wyckoff, his work can go very deep into VSA indeed - VSA is a subset of Wyckoff analysis. There are links to Wyckoff resources throughout this thread - there is a Yahoo group which is probably the easiest place to start to help find more resources. As far as TradeGuider goes, there are the free COTW presentations, get on the distribution list for these. Then there are the paid products like the educational CDs, the software itself. I am sure I have missed some resources, but take these steps and you should be well on your way.
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Are you bugging my house?
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Wunderlich, what you want can be basically achieved with the MD program. The columns you can see on DT's charts from the MD program can be set to a constant volume value, so you would not be looking at CV bars, but at CV columns on a footprint chart - the column is equivalent to a bar anyway, its just presented a little differently.
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Rock - I feel like I am intruding, but since you asked. Seek professional relationship counseling. Sometimes you are too close to see what is going on, sometimes it is good to get a perspective from someone who has the expertise to sort through things.
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Hi PP, yes I was wondering if at this seminar perhaps what William's was saying was tailored to the particular audience in attendance, it was "The Society of Technical Analysts" after all, so yes "placation " indeed. Nevertheless, I thought I would include it in the discussion as the recent direction of the thread has been looking to specific entries, and if someone is comfortable with using technical indicators as an important input into entry and/or exit decisions then adding VSA can be beneficial. Then there is the other direction - if you are comfortable with using VSA can adding technical indicators be beneficial? Like you say, up to the individual and what he or she finds works best. I would place myself in the camp of placing primary importance on the VSA/Wyckoff analysis, to the extent that I rarely look at indicators at all, but I can see how they could be seen as helpful if used in context. It would be interesting to hear how people may use VSA in conjunction with say MP, or candles, or other more directly price-related inputs (as opposed to technical indicators) into their entry decisions and their take on the relative importance of VSA versus say a candlestick "pattern" in their specific entry/exit decision.
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And best wishes to all the TL family for this period. In honour of Walter and his massive contributions (and not forgetting all the other massive contributors to TL) we should honour Walter by making this the official HAPPY HOLIDAY wishes thread!
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Walter - there must be big Christmas festivities in Argentina? Best wishes to you and your family and thank-you so much for all your ideas and sharing throughout the past year.
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This is probably along the lines that wunderlich was looking for.
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This question of entry triggers with VSA is very interesting and it is something I believe Tom Williams has touched on. There is a video on the TG website of the first 5 minutes or so of a presentation by Williams, where he speaks about VSA (http://tradeguider.com/ss_tom2.asp) He begins by talking about 2 forms of analysis, TA and FA, and then adds in the study of supply and demand as a 3rd way of analysing markets. He goes on to say, quote "if you have what apparently ... appears to be say a buy signal in your technical analysis studies, if you can read supply and demand and a few bars back there's ... some indication of strength then this will back up your technical analysis as such, and I would have thought you would be almost I would say 100% accurate.. this will give you far more confidence to trade" So it would appear that Williams is saying at this presentation that actual entry signals could be taken from some other method while using VSA to support that entry decision - i.e. take buy signals from technical analysis if there are indications of strength, derived from VSA, in the recent past and present. Any thoughts on this?