jjthetrader

I don't think it's good practice to take a trade call from Gavin at tradeguider. I'd ask for Sebastian specifically to do a analysis of the GBP since he's trading forex now. You never know, he seems like a pretty accomodating guy. Also Sledge, how about posting a chart with an analysis of what makes you think what you think about the GBP then maybe someone can help you with what you're seeing/not seeing.

Thanks for the chart PP. Is your Euro chart from last Friday? If it is, it's amazing how it's action mirrors the ES. You can see the same phases happening. Do you actually make your trades from a 5 min chart on the Euro? If you do, what kind of a move are you looking for with strength or weakness appearing on it? I know on longer term charts weakness/strength will hang around longer but I'm just curious what size of moves you take on the 5 with Forex. I'm contemplating trading the Euro myself.

Cool, would love to see your forex analysis as well. One thing I noticed about forex it that it will continue up for quite some time even though weakness has appeared. How do you deal with this when trading? Thanks for your contributions to the tradeguider events. You've made them much more worth while these days. JJ

jwhite, here's the weekly chart of the ES. As you can see we've broken the level you're insicating on your chart. That may give you some indication.

jwhite, it's always a good idea to check out the futures market for the cash market you're looking at to get the consensus of the professionals. I only have CME data so I can't bring up a chart but seeing how the professinals are trying to benefit their personal accounts (futures) will give you a good hint.

Thank you for the comentary Sebastian. If you were trading on the 18th where did you make your trades based upon your comentary? In your discussions you say you expect the next bar to be up or down, are you then taking a position at the close of the bar that makes you think that? thanks

Are you entering at market or where are you placing your orders on these bars you point to as short? thanks

Thank you so much Habi! This changes your analysis completely for sure. It's great to have that link to check through the echange myself. Thank you. In the last two tradeguider events Tom Williams was discussing bars on the YM and I brought them up as the same time to go over them and it turns out that they're 1 freakin' day behind which even makes the masters analysis wrong. The new upgrade of Tguider is promising an integrated datafeed. I hope it's better than esignal. Knowing them though it may suck to.

Thanks for sharing your strategy. I totally get what you're illustrating. Nice work.

I appreciate you checking these numbers for me. Tradestation is way off and I only have it on the daily session. They're pissing me off big time lately with their data.

They're only selling at that price because Tom signed them. I downloaded the ebook for the undeclared secrets and it seems the same only the new one has been edited for spelling and added TradeGuider screenshots and promo. You won't get anything new for your money. There are no 'secrets' in it that are not in MTM.

Could I get some people's volume count for yesterday Jan.15 on the ES daily chart. My esignal shows 1.4 mil and tradestation shows 2.4 mil. There's got to be something wrong. That's enough to change my view of directional orientation. thanks

You know what? Those are great suggestions. I like your style.

Forgot to attach chart

PP wants some VSA so lets get back into it. Here's a daily chart of the ES. Check out yesterdays action on low volume. Now this morning we're opening lower and right on the lower trendline of the downward channel. Does yesterdays action not look like no supply or is the spread too wide? A side note about trading the ES. Those of you who trade it intraday, what size of stop do you use? I've been using 2 pts and it's uncanny how the price will go exactly the 2 pts, stop me out and then go back in the direction I was positioned for. When trading using VSA would it be more wire to jump back in or use a wider stop?

If you own the original you can play it on any computer. It plays on all my computers fine.

True, the TG software does throw up signals everywhere but that is because it's incapable of reading the background. Even Tom says to ignore the signals if you've got strength or weakness in the background. No TG event has ever been as good as it's hyped up to be. Gavin is always promising things and never get to them. It's just how it is. He's a great marketer. Vadym gives you setups but you've still got to make them your own. I read the book and it helped but I've still crafted my own entries and exits combining everything including TA (not tits and ass).

Hey Sleepy, Gavin did talk about the upgrade. It's in 'beta' for EOD and a deal was just signed to program the RT version so I wouldn't hold your breath on that one. They're still asking for ideas to add to the new version so how far along could it be? The new forum is up at TG.

Ya I stuck out the event. Some technical issues that ate up a lot of time but when Tom and Sebastian talk about VSA there are always small nuggets you pick up and that made it worth it. This one was on strength. The next one is on weakness. Sebastian did a bit on testing. He's a smart guy and seems like he knows his stuff. As for the Vegas seminar, no way I'd pay that. There won't be anything new. There was promised to be actual trading setups at this past seminar but they basically just told you when you see a test get in. There wasn't any specific trading plan help etc. I'm afraid we're on our own for that. I've found it comes the more you trade with VSA.

Average is obvious and the rest are derivatives of that. I can tell you what Tradeguider uses. It's average is 15 period. Anything above 1.75 times that is ultrahigh. Anything between the average and ultra-high is high. The inverse is true for low. Spread of the bars is relative to the last 5 or 6 bars. Take the average of the last 6 bars spread and see where your current bar sits within that average spread. Hope that helps

Here's a RT trade from today. We see weakness come in on these high volume wide spread up bars. The spread narrows and the volume is still high. This is an "End of a rising market" to me so I shorted it. My entry and stop are market. cheers

Oh yes I do recall that but I thought the tactict was to gap up through resistance rather than push. So basically, if we've seen a down move with a bit of accumulation and we then get a big bar up, it's probably bullish where as if we've had a nice rally and we see a big bar up then we're probably looking at the top or at least weakness, correct?

In the boot camp Tom says there are situations when a high volume up bar is actually bullish and that he'd explain later. But he never does so what are the situations when a high volume, wide spread, up bar is bullish?

I just watched TradeGuiders chart of the week with Tom Williams and he's announced that in January he's going to be sharing some of his favorite trading setups and strategies using VSA. This is great news for us all! I've gone back over some charts to find examples like PP and others have posted and even if you were to get in too early on a VSA 'signal', you would still be notified by another VSA signal to get out, that it's not going to go as far as we thought. So in some of the examples I posted about where to get in, well if you had gotton in at any one of those signs of strength, you could have ridden it until a sign of weakness or 'unreadiness' to go up, at least for a small profit. Stops would only have gotton hit if you had a static target in mind and ignored the signs that the markets was not ready to move yet. Thanks to all for contributing productively to the issue. It's awesome that even Tom is going to be contributing to the subject. Let me end with a quote from Tom in the "Undeclared Secrets" about the subject with regard to trading an upthrust signal: "Note that the indicators are quite inspired but you still have your work cut out for you to trade them. Any market is designed for you to lose money in. The oscillating up and down ensures this". Happy holidays everyone!

PP, that was very helpful, thankyou. What timeframe do you use? You're right, the right edge doesn't need to be caputred as it happened, just an explanation after the fact about what you did in real-time. I or we weren't refering to you about hindsight analysis. I was just requesting to see actual trades people took on a chart and not trades that people would have taken looking back. I appreciate your teaching because seeing a trade like this does help to form a trading plan and create VSA setups. Obviously you have a strategy called 'the test' and you're good at executing it. What kind of volume to you like to see on the follow through bar after a test? Or do you just want it to be up? What I like about your example is that you have those huge WRBs down which is basically the end of the push down but then price actually drifts lower than their lows before you find a suitable entry, almost like a false breakout to the downside (an upside down upthrust). This is what tripped me up in the bootcamp. Tom says "if you see a bar like this get long". Then Todd of course says wait for confirmation. So I'm guessing account size plays a big role in entry. I really have to switch over to candles. They're much more visual for when you're looking left for effort etc. I know SoulTrader swears by MP numbers. Any idea if the MP numbers are correct at mypivots dot com?