SwingTrade

I agree with following the trend and that it is risky business picking tops and bottoms. However, I have seen these guys at MQ do it several times, although they normally say trade with the trend as well and they also say picking tops and bottoms is extremely risky haha. Here is another video they posted regarding EURUSD the rest of this week. The Traders Daily – Online Trading Magazine – EURUSD Trade Example Sept 20, 2012 I am still just learning how to use their indicators. They seem to work pretty well. Are you saying you just looked at nothing but price to judge the market change? So do you just go by chart patterns or something else?

Why do I care? Because I like learning other traders strategies to help myself become better. By market direction I mean looking for a trend reversal as they were in the video. If you were looking for a trend reversal, what did you see that indicated it could be coming?

[ame=http://www.youtube.com/watch?v=hb7nZsN7Fpg&feature=player_embedded]EURUSD 9 17 12r2 - YouTube[/ame] And this is the video that was supposed to be posted. It was uploaded to The Traders Daily – Online Trading Magazine

Anyone else trade this? If so, what indicators were you using and how did you determine market direction?

I don't believe ValueCharts are supposed to make you trade against the trend... They say in almost all of their webinars to trade WITH the trend and that you can use ValueCharts to find strategic entry points in weakness etc. They are not designed to be used as a stand alone indicator, they are made to compliment your current trading strategy to help you lower risk exposure.... That is how I have been using them and it works really well. You are not supposed to arbitrarily buy or sell as soon as a value range is reached...

Mark Helweg created the code. Stendahl co-authored the book. Therefore, the code that Stendahl used to make his ValueCharts indicator is really Mark's code. That is why it is not available anywhere else because Mark patented the code to create MicroQuant, a company designed to bring the ValueCharts and MQ indicators to the market. (I recently met Mark at a traders expo in Dallas, that is how I know this)

Also, David Stendhal was the co-author of Mark's book, he was not the creator of the valuecharts indicators.

The picture I posted is not the "Original" it is made by MicroQuant, Mark Helweg's company. He is the creator of ValueCharts, the other guy was just a co author. The algos are now patented I believe, the only place you can get them is from valuecharts.com. The picture I showed is "ValueBars" or a version of valuecharts that displays over top of a traditional OHLC chart.

Better image of chart. Upper yellow means moderately overvalued upper red means significantly overvalued. Green means fair value. Lower yellow and lower red mean moderately under and significantly undervalued.

This would have been a great time for value range trading. I have attached a copy of the same chart using valuebars (created by MicroQuant) that show when a market is reaching into over and under valued price zones. I used the same 10 minute chart that the OP was using and put blue arrows on the undervalued buy zones and red arrows on the overvalued sell zones. This is one of the only indicators I have ever used that is this effective in trading sideways trending markets. Have you guys heard of/used valuecharts? If so, have you had good success with them? I have been using them now for a few months and they seem to be working really well. I think they were originally designed in the book "Dynamic Trading Indicators" from 2002. The website where I got valuecharts indicators from is ValueCharts®, The Next Generation of Technical Analysis.

I like using the value range trading they talk about here The Traders Daily – Online Trading Magazine – GBPUSD Value Range Trade 9/4/12 seems to work pretty well for FX.

My favorites are: ValueCharts MACD Stochastic Momentum MQ Trend

One system that I use that is extremely useful for beginners as it is very simple to use is the valuecharts indicators. They can alert you when a market is over or under valued. You also look for an MACD that is showing lower highs (for a sell) or higher highs (for a buy). If you have a higher high pattern then you buy at a undervalued price point and sell at an over valued price point. If you have a lower high pattern then you sell at overvalued and buy at undervalued. This works really well for trading forex, I normally look for a trend in the daily/weekly chart then go into an intraday chart to find the value level for entering. Valuecharts are really great at helping you lower your risk exposure and the company MicroQuant also hosts free training webinars. I think they are available on NinjaTrader, TradeStation, MultiCharts and Bloomberg. I know they offer a free trial for the indicators as well as training webinars Hope this helps!