ranj

guess your right:D

Hi James, It works perfectly fine with futures and intraday data. I use esignal as well. Coding is pretty intuitive. I think they also have a new scripting module, but I have never used it. It does not have a market delta type of indicator, bid or ask volume. Rajiv

Would love to participate, but the day job keeps me busy and with kids at home all my time is sucked up. Maybe each members can produce a 3-5 minute video each week expressing their trading thoughts. Easier to explain complex ideas without the need to commit to a certain time each week. Rajiv

TG, Good call on TSO, it set up right in the WRB that pushed through supply. I was watching it, but never got my low volume entry signal. . Missed out. Rajiv

Hi Soul, I use amibroker with an esignal datafeed. The program is cheap, powerful, fast, and it only has a one time fee, but no market profile. Rajiv

TG, DLTR Looks like a selling climax. But it is part of the discount variety store industry and that sector has not been doing to hot as of late. Rajiv

Adamned, Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology Helped me figure out who I was and what types of trading style best fit me. Since doing that self analysis trading has become easier. Good Luck Rajiv

Trader273, Never trader silver before, what do you has the start and stop of the day for your daily charts. Thanks Rajiv

What is a Bozo?

1) yes 2) Don't know, haven't test them. Wyckoff's methods are a way of understanding the market, not simple buy and sell here based on a single bar. 3) not a system trader 4) I swing trade end of day. I use VSA principles as my rules to enter trades. and I would not trade anyother way. But you have to do what is right for you. Rajiv Rajiv

Hi Why? This bar does not tell me much in terms of is it time to take action. When I see a bar like this in relation to the prior day's action, I just wait for more bars to paint. Rajiv

That inverted hammer looks like an upthrust. The price action appears distributive in nature. Buying climax, followed by the the supply overcomming demand. upthrust, tend to occur at the end of the distribution phase. I would short right after the upthrust with a entry trailing sell stop below the low of the Upthrust. I would pull my sell stop order if there is high vol. WRBody up bar. Stop set at he high of the 9:05 bar. Will look to add to my position after a break of the 9:10 low. Target, would be the low the WRB and then the pivot low, but I like to look a higher timeframes to determine targets. Rajiv PS. What market is this?

Hi Why? What you want to see is a sequence of events that tell you a move in your intended direction may occur. What I see on you chart is strong attempt to push through supply ( gap, followed by the WRB), then the buying subsiding(slight narrowing of the spread, and low volume on the rally. The price action today is very telling and helps confirm the gap as an area of strength. Today the is high volume, down bar, wide spread, closing off the lows. That bar is not bearish, but bullish. What is also important is that the buying came in an area that we expected the gap. I would look for a test before I entered long. A successful test tells me that the "smart money" is not interested in lower prices, and lets me know that the price with most likely to rise. Now the price may never retrace with a low vol signal in my interest zone , but that is the price I pay for the way I apply VSA. Also take a look at the intraday action on this stock and lets see if you had a intraday selling climax, or bottom reversal followed by a low vol test. Hope that helps Rajiv

why?, correct assessment of the bar. Rajiv

Turning Point, The book is a great starting point and introduces you to the terms and starts to give you confidence in VSA as a way of looking at the market. I found to bootcamp really put it all together. What the book, does not spell out clearly, is the sequence to events that need to occur for Accum/Distribution to complete. The boot camp fills in that void. Rajiv

Hi Why?, I'll take a crack at it The 2nd to last bar does not appear as a test bar. A test bar should close off the lows. Also the test bar should test something. Lastly according to Master the Market, a test needs a confirmation on the next bar to be a true test. If I was looking to trade this chart. I would wait for the test of the gap area or the Wide Range Body from the 5th. Hope that helps Rajiv

Would be into it as well. I pretty much swing trade the S&P sector ETFs using sector relative strength verse the index and use VSA to determine when to enter. Rajiv

Mroalan, If you can show a chart that would be helpful. High Volume (strong effort), doji (no result) implies that buying is being sold into. If it was at a new high, it may be the "End of a Rising Market". Tape Reading and Market Tactics by Humphrey Bancroft Neill, has a good description of price action and high and low vol at turning points. Rajiv

Hey Ravin, could you explain a little more about the deviation and reaction ranges. Thanks Rajiv

Hi TG, I would act on a similiar trade, but the bar did not set up right, for a test of supply the market should not close on the low. It should move down, find one one wanting to trade and then move up to an area that price has been accepted before. Also even more telling, is two bars afterwards. That appears as a no demand, low vol up bar, with a Narrow Spread (NR7), closing off the highs. When I see no demand come in after a low vol test, I tend to move my stop to just below the no demand. note hindsight is always 20:20 and I tend to trade off of daily charts, with more time to think about price actions, in terms of effort, (volume and spread) and results(close in relation prior closed and previous highs and lows). Rajiv

I used to do the same thing before, but I would only look at those companies that had high volume and showed up on WSJ moneyflow calculations of selling on strength and buying on weakness. http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html But I find I ended up getting in really early on trades for my exit style. Rajiv

TG, What type of screeners do you use to determine when you need to start looking at a chart? I normally do a top down analysis. I start with a Rel Strenght calc for the S&P index verse the sector spiders, and then do the same procedure for the stocks within the sector ETF. I wait for a low vol signal within the Sector ETF to start the investigation into the component stocks. Rajiv

TG, great video. Do you mind going over where you would put your stops in terms of VSA, for each of the possible trades in your video. Thanks Rajiv

Thanks A lot easier to do on an EOD chart as opposed to intraday.

EOD XLF chart (S&P Fin. Sector ETF) 9/25/07 - Test, Low Vol, Down Bar, Close High, Test bar is occurring within the Body of the Wide Spread bar from the Fed day. I noted that bar as being Pushing through supply (two horizontal lines as possible supply, ultra high vol, Wide Spread, up bar closing on the highs) From 9/20 to today XLF has been heading down on lower and lower volume (lack of interest on the downside) Looking to long on break of the test bar's high Rajiv