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jjthetrader

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Everything posted by jjthetrader

  1. jjthetrader
    Hi Mary, personally I don't get too fundamental about VSA and thus the close only gives me an indication or sorts. Multiple bar closes give you a better idea. If 3 bars are closing off the highs that's more of an indication of something than 1 bar happening to close off the high. We have to read it as a whole and not put too much emphesis on any one factor. Close in relation to other closes tell you a great deal. Great question.
  2. jjthetrader
    Here's a 15 min ER2. This gives an excellent picture with VSA signals that the upside was limited. "A" was a top reversal and this set our background. "B" is a confirmed no demand "C" is a second no demand chance to short if you missed the first one. Today was a beautifully clear VSA day. In my previous example we get a hint at which way the news would take us and this was a perfect opportunity for the professional money to sell into. But their longer term actions showed up on the 15min.
  3. jjthetrader
    Hey Jeff, Master the Markets ebook or "the undeclared secrets that move the market" ebook (same book less TG advertising) is the best place to start really. These forums will complement that.
  4. jjthetrader
    I'm not sure if anyone trades the ER2 here but I do so I'll post a nice example that gave us a hint at which direction the news would take us. We gap up this morning, above value, and point "A" looks like it might be a top reversal. But then we see that the two bars before "B" dip into yesterdays value area and are rejected closing in the upper half of their range. This is the first hint. Then look at the volume on Point "B". That is no interest to the downside (no supply) at the moment and the next bar closing up would be further evidence that you should be long. The no supply could have been an entry even without the next bar up in my opinion. Just thought this was a good example and someone may enjoy it. Cheers.
  5. jjthetrader
    I agree with Habi. We all take a view or opinion. Observing something and then stating something from your minds filter is your view. Thus Seb has an opinion no matter what he thinks. In order to take a position we have to have an opinion and be confident in it. But as Eiger pointed out we need to be able to trun on a dime. Being interested in VSA we have to be careful not to be part of another herd, the tradeguider kind that is borderline fundamentalists of their views.
  6. jjthetrader
    Thanks Seb. The bars that I noted as strength but you pointed out didn't have follow through, could this be attributed to professionals adding in volume at different times in a move than we're used to in a bull market? In a bull market pros add volume at the bottom but in a bear market they trade differently. How do you adjust your observations on VSA, and avoid false signals, in a bear market? Thanks JJ
  7. jjthetrader
    If you don't mind my asking, where do you see the weakness entering on the ES daily chart? I see your point on the YM intra-day chart. I guess with the daily chart to back it up I was wondering what kind of a move you're looking for. I argree with Habi, the Dow looks less likely to rally than the others but again, where do you see professional money taking a position on one side or the other here? The highest volume we've had in 2 months occured on a downbar with what appears to be a bottom reversal shortly afterwards (see chart). On both the YM and ES our most recent 'background' has been strength, back in March. Has there been a cause for a downmove established? I'd actually like to hear from Eiger if he's around to. I wouldn't mind a VSA analysis of what one might be seeing, to give the impression of weakness, apart from a trend channel. Maybe it's our defenition of weakness to. Are we all talking about a correction as weakness?
  8. jjthetrader
    This post continues regarding Sebs comments. The reason I ask, Seb, is because on a longer term channel we have rejection of price going lower, below the channel (as seen in my attachemnt). If we don't see any blatant weakness in the market (background) and we just rejected price below the longer-term channel, is this not what the folks at tradeguider would indicate as an ideal long position? If not, why? Thanks.
  9. jjthetrader
    Seb, thanks for sharing your charts. When you look for rejection of your trend channel, are you assuming there is weakness in the market or are you going by a single-bar analysis of no-demand on the underside of a trendline and thus only looking for a minor retracement? We just haven't seen any real weakness enter the market so I'm wondering what your take on it is. thanks.
  10. jjthetrader
    Eiger, I love your analysis. Great job. The Point & Figure is a great addition. I use it as well. Mister Ed will be happy to see this posting to. It's amazing that on a relatively small range day that you point out 'it's hard not to do well'. That's so true. Usually sideways days kill traders but your analysis shows that it doesn't have to be that way with VSA. I like the 5 min analysis. I find that timeframe provides really nice indications on the ES. Keep up the good work.
  11. jjthetrader
    Hi Mister Ed, I'm no expert in MP and I'm not saying I'm right but here's how I look at initial balance. To me it's range and activity gives a good indication of sentiment. A wide range shows a lot of activity and a lot of 'steam' being used up within the first hour. So a future break out of this range is less likely since a lot of energy has already been used up. A narrow range shows a bit of consolidating and 'steam' being built up for a push later on out of that range. Why the first hour? Well, I know some people that just use the first half hour. Those that can move the market are able to conduct their large size transactions within the volatility at this time of the day. What position they are taking around this time will most likely set the direction or action for the day. This is just how I view it.
  12. jjthetrader
    Sorry guys, when I was developing the indicator I forgot I named it "a" to keep it at the top of the list. Please let me know if this one works. If it does not then I have another version I named "b" which may be the 'final' but I think 'a' is. Sorry about the confusion. I'm pretty sure both the attached are the same but since the one named final had been in my export folder since I created the value charts I'm guessing I named it that because it was the final. Enjoy, for real this time:) VC.zip ValueChartFinal.zip
  13. jjthetrader
    There is no code in the OnBarUpdate() in my attached indicator? If not then there must have been an export problem and I'll redo. Please confirm that it came through empty. Also I worte this with 6.0 and stopped using Ninja after that so there's no 6.5 support. But all the calculations are there and if little tweaks are needed I'm sure you can do it.
  14. jjthetrader
    Sorry it took so long. I actually forgot about this. Thanks Eric for reminding me. Be sure to set the high and low to print as a 'dot' for them to look right. You'll see what I mean. Enjoy! JJ jjvaluecharts.zip
  15. jjthetrader
    Ya, not point in reinventing the wheel. I'll post it once I'm on my trading computer.
  16. jjthetrader
    Thank you for the update. A lot of folks are having TS problems lately. Seems their new builds are reaking havoc. Older builds still work as well as they ever did. A lot of folks are still on 8.2 because of it.
  17. jjthetrader
    Here's the DDF and Value charts right from TTM. Enjoy.Value Charts calculations were actually freely given in Helwegs book and can be recreated in any programing language. I actually put them in Ninja as well just from the calc in the book. TTM DDF.ELD TTM VC.ELD
  18. jjthetrader
    Sledge, wether FX volume is accurate or not lets look at your example. You saw your high volume bars as bearish. Here's why I see them as bullish (temporarily anyway). Check out the bar marked. That high volume was tested immediatly. That was not weakness. Tom Williams says high volume will be tested within the next couple bars if it's bullish. This passed! I see what you were pointing to and it would have been a good call if you weren't looking at polar bears in Hawaii;) Background is important bro!
  19. jjthetrader
    IN an uptrend the professionals still need to reload and will dip down a bit to buy lower for the next push up. So your downbars can appear anywhere really. Unfortunatly VSA is less rigid than the teachings themselves. Learning how it applies to the market and trading is a whole different story. It's the underlying principles that you're looking out for (supply & demand) not a particular set of 'rules' being met. The question you could ask yourself about these bars is 1. What's in the background and 2. is buying confirmed in them by the following bar.
  20. jjthetrader
    Eiger, nice job. Thanks for the effort you put into doing this for everyone. I like how you've got a 24hr session open and pick up cues from it before the US open. Even though volume is light information is still being given to us. Nice work.
  21. jjthetrader
    A very narrow range today. I personally was looking for small moves. I came back for the afternoon session around 3pm and saw this beautiful, what could be climatic action (although not picture perfect) for a nice, small long trade. Check out the bar marked. See the massive volume, relatively speaking? It just penetrated the low of the day and lots of support was found there pushing prices back up. Ultra High Volume downbar closing above the middle is potentially bullish.So we now have strength in the backgound and two bars later we get a picture perfect no supply. This was nice for a small move into the end of the day. Hope helps someone.
  22. jjthetrader
    Mister Ed, I support your ideas 100%. It's really nice when you and BlowFish, two senior members, step up and put an end to that stuff. It's amazing the clarity that comes from you guys. Now back to the practical as dandxg has initiated, good job. It appears that the daily bar on the ES has printed a failed test. But we knew there was supply in the market because of the most recent test of the lows. Volume on a test of the lows should not be that high if supply has left the market. Maybe we've got to take another shot at it.
  23. jjthetrader
    Search all my posts. All trades posted were made in real time. I don't have time to come here, tell you what's going to happen, and then make the trade myself. If you want to pay for me to have a live trading room then sure. Anyway, if you're not able to trade or even understand VSA then please don't bash it just accept that you don't get it. You were all horney for Joel Pozen back in Feb. you even started a thread for VSA material. What did he do to you?
  24. jjthetrader
    I agree with DB for the most part. I'd also add that actually trading VSA is a much different beast than just knowing the methodology. Figuring out your own style within the methodology will be different from everyone else. Sledge may go long on a 1hr bar and I may be short within that 1hr bar on a 3min chart just looking for a small move. We're both using VSA and we're both going in different directions. It's like a Zen Koan.
  25. jjthetrader
    Sledge, just ignore BF. He comes in once in a while to stir it up and tell us all we can't possibly make money with what we're making money with. I post some of my trades, Eiger posts his trades, Tawe posts his trades. All making money. It must just be slow in the candlestick corner today so BF steps out of his comfort zone. I'd much rather hear BF gives us some constructive advice because from what I hear he's a good trader and uses volume with candles. If you ask what to do about a trade there really only are 3 things to do, long, short or step aside. I didn't see my setup in your example Sledge so I would have sat on the sidelines. Sledge, the pros that control cable do sleep:)
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