jjthetrader

James, nice work bro! Posting a video is way better than pictures. Thank you. Having said that I'm going to post a pic:-) My friend Tawe Trader and I were talking this morning about shorting after the second wave of heavy volume (potential selling) to be on the safer side of probabilities. In my example though we have high volume on a breakout but it's tested very shortly and would have been an ideal place to get long. Then on our second wave of high volume we get an upthrust and it's low being broken would have been a nice short side entry. This is similar to SoulTraders short on the ES.

I agree with Mister Ed, the new VSA thread is going very well. Thanks to all. It feels like some of the old has been cleared away to allow others a chance to contribute and I must say I find you guys, real traders, much more helpful in reading VSA then the hindsight analysis/methodology that we were getting used to. Mister Ed, loved the Point and Figure aspect. Would love to see more of that in the future. I'm just starting to incorporate that now. SoulTrader, loved the MP addition. Can you elaborate on what signaled you on the 'key support from 2/5' in your MP chart? Thanks to all contributing.

Yepper, it's not a book per se as much as it is a collection of pdf's on all the topics of trading on price and volume. All sections are independant of each other and are sort of self contained but they are titles as 'chapters'.

dbpheonix has a book he's put together. It's as full a text you'll ever want on trading with price and volume. It's in pdf format and he charges you $30. My personal review is that it's awesome. Here's the preview he posted to see if it's right for you. Preview02r.pdf

When searching about Joel this is one of the only tangible things I could come up with. Don't know if it will be helpful after you've just had a webinar with him but here it is. Doesn't seem to be copywrited so I hope it's ok to Post. James please take it down if it violates something. Joel Pozen_S&P Emini.pdf

dbpheonix posted a ton of great stuff over here: http://www.elitetrader.com/vb/showthread.php?threadid=29005&perpage=6&pagenumber=1 BrownsFan should enjoy it as he incorporates candles with VSA.

You guys are doing a great job here. So much so that last night I was dreaming about chasing tails, and I don't even use candles. I plan on starting to combine them though after seeing your guys great work.

Let's say you've got a 15 min chart and you have weakness appear. You are likely to have that weakness hanging around for at least 15min. It was Tom Williams himself that spoke about it. It doesn't mean it will only be 15 min, it just means you are likely to have it there for 15 min. This is also why he says "when you see a bar like this (weak up bar) on the 3 min go short right away". Of course this could also be the high of the day and continue down the rest of the day but you're likely to get at least 3 min or whatever it is. In Tom's bootcamp in the Forex section is where I'm referencing from.

I look forward to the growth of this thread. I like to see how others incorporate VSA into what they feel comfortable with. Thanks for starting it. Do you actually trade off a 1 min chart? One thing to note is that the strength/weakness that you see appearing on your x-min chart will only exist for x amount of minutes there after. This tripped me up for a while.

Oh man, that's too funny!

Fair enough.

Here's a trade I made this morning. Very high volume downbar with the next bar up shows buying on the down move. The next bar is a no supply, volume less than the previous two, go long. I'm sure PP would be backing me up on this one. I exited just prior to the pivot as a personal preference because often there is supply there.

What's the point of posting trades if you're not going to contribute to people's learning? Are you just proving that Joel is real or something?

Hey Shep, if you post a trade today, being a VSA thread and all, would you kindly do a walk through of the VSA principles that are setting you up? I noticed you'll enter at the close of certain bars. Could you tell us what the bar told you? Thanks, I know it takes time to do it this way but it would be appreciated and a lot could be learned from it. Good to have you here at TL.

Shep, you don't use pivots of any kind? What are the value lines on your volume? Do you use this to classify volume into Low, average, high etc? thanks

Hey James, We do appreciate your effort. Thanks for that. Spam was not from Joel, it's from all kinds of crazy addresses, it just started up after I signed up with Joel. Adobe has an awesome webinar format. The guys at TTM use it and I really enjoy it.

Well you seem to do quite well with it so it must be alright. I'm not too familiar with the ER2 anyway so maybe it's enough there. Good work and thanks for sharing.

Good work Shep. You deserve the rest of the day off:) Only a 1 pnt stop eh? Is that enough these days? What platform are you using to execute there?

I'm out to. Anyone else getting a ton of stocks spam since signing up with Joel?

Same thing here. Just a little late though because it's coming on now. Wait, now the time has changed to 11 from the email specs of 10:30.

Signed up today James, thanks for the opportunity. JJ

Thanks for the insight BlowFish. I observed the NQ yesterday while trading the ES and noticed that the NQ was a couple steps ahead of the ES so yes my theory wasn't that sound:-) To the Joel Pozen students, is there a price/volume benefit to trading the ER2 that you guys are trading? Is that what Joel taught you on? Is it 'easier' to read or something or just a personal preference?

Thanks for sharing Shep, do you have a blow by blow as to what price/volume principles got you in? If you have time we wouldn't mind seeing what was going on in your decision process. Thanks

I have a question about relational instruments and volume. We all agree that the ES is the big brother of the mini futures contracts right? The other index futures tend to follow the S&P right? Ok now, lets say we're trading the Nasdaq mini (NQ). Will we be given the clues in the NQ's volume about what direction it's going to take even if it's being led along by the S&P? Or will we need to look at the ES direction and volume to determine the directin of the NQ? You see what I'm saying? Are any of the indexes independant aside from the big brother? I've noticed the Dow and Nasdaq mini's tend to be delayed reactions to the ES. And the volume on the YM and NQ don't speak nearly as loudly as to what is going on in terms of supply and demand as the ES does. Anyone with experience in this matter?

Thank you for your response. It makes sense for no demand that if volume is less than the previous two then there's obviously less demand on this bar than two bars ago no matter what the actual number is. I appreciate your time.