jjthetrader

It doesn't look like a test to me closing in the middle with the next bar down on increasing volume. It could well be a test though. The bullish bar to me is the high volume bar you are referencing. A high volume down bar closing on the high. Nice!

That's a good point you make. Wether it's called this or that doesn't matter, what matters is the strength seen in the bar. Good post.

Hey TinGull, I think your first test closes a bit too far from the high to be a test but it is a sign of strength because it's a down bar closing in the middle. Your second test is indeed a test with a close just off the high. And you'll notice the bar following that is up closing on it's high which makes that 2 bar combination a shake-out. At what point would you take a position?

I do use TradeStation and TradeGuider for charting and Pivots. TradeGuider has nice auto pivots. Pivots are not part of VSA but are very important for trading and a good location to spot VSA setups rather than just dangling in the middle of nowhere. Pivots are a must have.

Look no further than the sponsor of this page. Infinityfutures for futures. They also have an FX platform. I personally like TradeStation and Infinity.

Couldn't agree more.

No problem. Let me know if you want anymore. I usually capture my trades for future reference.

This one's for mcichocki. VSA & the YM - 5 min.

I trade the ES and it's the same as trading stocks as far as VSA is concerned. Look for weakness or strength and try to take trades around support/resistance areas. Check out my chart from Friday. See the gap up in the morning with weakness appearing first thing. As soon as it broke R1 I took a short at the 10:40 bar ( I wait for a red diamond in TradeGuider). After the initial weakness and the drop below R1 it then retested R1 on reducing volume and R1 didn't hold, the path of least resistance is down at that point. I had a profit target of 2 points and got it long before the ride down was over. Same principles, shorter timeframe.

Thought I'd share this chart. Trade the Markets is suggesting shorting MSFT. Take a look at the chart. Professionals are selling into this upthrust. The next bar was down, closing on the low with high volume. I think the jump was on the facebook deal, a perfect opportunity for the market makers to mark prices up and sell into.

To compound your no demand bar you've got volume dropping off for the last 4 bars on a rally. FOMC announcement on Wed may be keeping a lot of traders from taking positions at the moment. It's hard to say. But in most North American index's yesterday was a no demand up bar. The following bars will tell us wether this is temporary or the start of Wave C.

//http://www.tradethetruth.com/pics/mtmv3.pdf If that helps anybody.

After a nice upbar like that I think it was a good idea taking your position off the table. Nice. That was a decent move for a couple days.

I'd like to see charts of trades that people have made, successful and not, based on VSA with an explanation of their thinking when they got into the trade and out. Anyone interested in sharing?

tradethetruth.com has a copy of the ebook. Ravin's right, you don't need the software, it's just a great visual learning aid and once you've had it for a while will no longer be needed. You can just look at a bar and see what's happening. There's way more to the software than VSA as well that you may not want/need. If you use TradeStation I'd recommend Soul Traders Pivots and watch the VSA action around these points for setups.

The bar I've pointed at appears to be a shake out or possible test and could also be a potential kiss of the downward channel goodbye even though it didn't quite reach it.

Here's just a quick example of CLimatic Action in which the down move actually closes on it's low with the following bar up where as a shakeout closes near the highs.

This actually looks like a shakeout rather than a selling Climax which is a two bar phenomena, I wait for a second bar confirmation anyway. Shake out the weak holders. It's a nice sign of strength. I agree that testing will probably need to occur for this bad boy to rise.

That new program you have TinGull will scan and rate your stock compared to it's parent index and sector.

I had a feeling I was posting to the wrong group but I didn't want people reading the negative comments to actually beleive they're the truth. There's always two perspectives. Enjoy yours without claiming it as 'truth'.

But would you base your trades on it?

Hey Everyone, I personally own TradeGuider and love it. It's indicators are actually just training in VSA for me. I barely look at them anymore. You get to know what you're looking for after a while. You can't dog on Gavin for using the indicators in his presentations, he's presenting the indicators! I doubt he trades with them. For me it was worth the money. It's saved me tons of cash in losses and helped me hone my TradeStation strategy to be way better. If anyone has seen a presentation you know what their Trend Clusters are. I wouldn't trade without them. Worth the two grand alone. Just my 2 cents.

Thank you as well. I'm not worried about elegance. My way was so choppy and long I was looking for a way to refine it a bit.

Thank you, that should do it. I wasn't aware of that function. I'll give it a shot. I appreciate your time. JJ

Hi, I was hoping someone could help me with the code for this. I would like to know if a certain condition has been true for the last 10 bars. Lets say one moving average has been less than the other for at least 10 bars and has crossed over on this bar. When I try coding it it just returns that the condidtion was true 10 bars ago instead of for the last 10 bars. Could someone please help me? thanks JJ