jjthetrader

Awesome! I think that's what a lot of us here are looking for. cheers

On your next chart would you do it on a 15min timeframe then and show us how you would trade it so we know how to translate VSA into trading? Much appreciated.

Sebastian, is the 10 min chart the one you prefer to trade with? I noticed on one of your commentaries you used a 5 min and the others a 10. Is it just a timeframe that you're in tune with or is there more? The guys at Tguider use 3 and 7 and I can't stand either for some reason. thanks JJ

We all learn everyday from your comentary, thank you. Looking forward to the TradeGuider event tonight.

Thank you.

Thanks Blu-Ray. I will send the code as soon as I boot up my trading computer. I don't have the parameters for the thickening but if you left an input I'd do a trial and error. It's really not that important anyway if it can't be done. I'd like to paint the whole background of the volume indicator different colours just like in my tradeguider chart examples. Talk to you soon.

Primavera, if you want the bootcamp I'd say go for it now. Rumors about company polotics don't mean much as far as the boot camp goes. Todd wants to release a different program called the foundations course and I'm sure all the polotics will hold that up for some time.

I was just thinking the same thing when I looked at it. There may be a boat load of buying but the indicator doesn't tell you if it's the weak holders buying or the smart money.

Tawe, thanks for sharing. I don't beleive you did anything technically wrong. You've always got to be careful of the big moves around anouncements. They're stop catchers to say the least. Sorry about the loss. Did you jump back in or did the loss keep you out? cheers mate

Thanks Blu-Ray, sorry to keep you so busy on the weekends:)

Thanks ranj. This was all recent new ground with old trading way off to the left on a daily chart. And on that daily chart we were in an 'ambush' zone.

Do you have a link to the TS indicator you're speaking about? I'd like to check it out.

I haven't herd these rumblings. Could you elaborate?

Tawe, I knew you'd have probably done the same thing. Some of the "good signals turned bad" I find are ones where the professionals did indeed unload a good deal of contracts but not all. This kind of action can occur at profit target areas and being R3 for the day this might have been one of those cases. In fact my entry price was 1505.75 and it didn't close much higher than that (1507.50) so rather than turn against me it could actually be said to have moved sideways and if held onto would have seen a profit today if I had a 6 point stop (which I wouldn't have had). So that upthrust did take quite a bit of wind out of the rally's sails but today's daily bar for the ES is looking like a no supply so next week may see the next profit target of the professionals. True, professionals get trades wrong to, even Tom Williams. cheers boys!

I did not wait for the bar following the no demand to confirm it. I just jumped on in. But it is the reason I moved my exit to break even. At least I knew enough to get out in real-time. Thanks to everybody. It makes me a better trader to see what I may have missed.

Through Trial and error I reproduced the Relative Volume Bands from TGuider if anyone is interested. I'll post a screenshot. The only thing I don't know how to do and don't even know if it can be done is that as volume is increasing, the average lines will get thicker thus increasing the range that would be considered average. You'll have to tell me if it can be done Blu-Ray. As is though it is a very good representation.

I'm just seeing this thread now. I didn't get an email saying there was a response. Hmmm. Here's some more charts. I put up a few daily well know charts to make it easy on you followed by a 2min ES chart from today. I'm Eastern Standard Time. Session starts at 9:30 for me.

Thank you for your input. I also was considering that volume may have been too high and that at that level the bar should have pushed down more if it where more selling. So the spread was wrong, in hindsight. Everytime I make a trade that ends up going the other way I try to see why and hopefully not have it happen again. Yes it was a 5min chart of the ES. I will post more info on the next chart I post.

Yes, yesterdays ES.

Good tip ranj, thank you. Being the time of day it was I was expecting profit taking after such a large rally and I thought the upthrust marked the start of it. Monad, you're right. Ravin talked about being at the whim of higher timeframe traders. Thank you for your comments as well.

Can anyone shine some light onto why I might have misread (VSA wise) this trade I took yesterday? We had a nice run up (this in on the ES), got an ultra High Volume Up bar followed by an upthrust on huge volume as well. We broke the low of the upthrust so I started watching for a short entry. Once I saw that no demand I took it. The next bar moved up against me on increasing volume to close near the top so I put in a break even order and got out on the bar following that. In hindsight you could say I was clearly wrong but in real-time it looked so right. Any ideas about what I may have missed? Was it the no Supply bar 5 bars back from the no demad that signaled higher prices? Thanks

Ya I do all that and make the call based on what I see. I just meant it seems counter intuitive when you first start trading with VSA. cheers

I like this method. Works well I think. Excellent Analysis. What I find the most difficult about trading VSA real-time is trusting what I see. It's hard, psycologically, to short up bars after you've seen a rally. It's something that gets easier over time I'm sure. Thanks for putting in the effort. We appreciate it.

Sweet. I don't get up early enough here in Canada to trade the FTSE but I was just wondering. Thanks for the info.

For sure you are. What's a FTSE point worth ? It's not a mini future is it?