dandxg

I wanted to post this in hopes that it may help, it helped me with P/V. It's not enough to simply look at P/V set ups, whether they be VSA/Wyckoff whatever. You need to look at the velocity of the market. I don't hear this mentioned often enough. It's a point that was made when I listened to Todd Kruger speak last year as well as a few of the more astute Wyckoff folks. I won't post a chart because you won't see it. Look at the sell of that occurred after 2:30 ET on the ES. If you have chart replay watch it. Notice how when it took up the recent low at 2:09, closed below it, the volume increase, the range increased, and the velocity increased. It's not enough to just look P/V IMO you got to look at the speed at which it's moving. Do the pullback on low volume occur on a decline on velocity. I meant to post this in response to the person, that asked, what is a good trade in an uptrend? Well make sure velocity is to the upside, the market is stair stepping higher ( HH, HL's ) the pb's are declining in velocity, price, and volume, and often you will get a pb to the zero line on $TICK. Good trading to all.

I don't have time to elaborate much, packing for holidays. I would highly suggest a program I am demoing, Neuro Programmer 2. It's brainwave entrainment and hypnosis all into one. You can even record your voice. Do some research on isochronic tones and why they are better than binaural beats. NP2 has both. https://www.transparentcorp.com/products/np/

I hestitate to step into this debate but here goes. I recently had the pleasure of hear Jim Paul " What I learned losing a million dollars " speak on INOTV. He stated you could take a mediocre system with proper money management with consistency and make money. The method is a very small part of it, it works as long as it fits you and you can execute consistently.

I will respond more in depth later had a few cocktails. It is not by questioning and challenging the status quo that we achieve a higher learner would you not agree? I was just looking for clarification because it seemed contradictory to what you had previously said. Adios Amigos

I am confused. Why then suggest using pivots and trendlines on this thread if they are problematic?

Thanks Steve, don't you mean 9:30-16:15ET? The futures close then unless something has changed or something I have missed?

Steve, thanks, yes it clears it up. I meant to ask you do you use all session data for pivots and S/R or just pit traded hours?

Hi Steve quick question (s) if I could? First thanks for your thread. When you use monthly, weekly pivots what formula do you use? John Person, a well know pivot guy has one his site and my pivots dot com uses another? Or atleast the results don't match using the same input? Here are the examples below http://www.mypivots.com/calculators/pivot-point-calculator.aspx http://www.nationalfutures.com/pivotcalculator.htm Regarding using market profile S/R VAH VAL in your examples are you referring to the previous days' VAH VAL or current? I must have missed that one. Thanks, Dan

Hi Tawe, You mentioned something in your post which I really thinks need special attention. The test has to have a lower low. I was testing out, and take a few trades, this summer and found that the bar previous to your test, which I have heard others refer to as a test, is not nearly as stong. Sure it's a down close with volume less than the previous 2, ( I have seen some refer to it as no supply and or a test ), but the following bar is giving the market a chance to probe lower and really test supply. I just wanted to point this out for ppl. that may overlook this point, because it's simple but critical IMHO. For what it's worth I think, not sure, you test is a Wyckoff spring.

Isn't the code already written, freely, on his website?

VSA seems to work best when you combine it with a higher time frame, this is just basic trading 101, or when you combine it with S/R. I found that using my charts, Sierra, that ticks charts with volume would recalculate the volume so quick for the range of chart that I couldn't even make out a changes. If you go back and review Eiger's posts in VSA thread 2 it works pretty well when combined with a higher time frame. If you want a better entry take an No demand in down trend, because close is high, or a low close test in an uptrend either off S/R or after you see a VSA signal on higher time frame. Good luck.

Steve, question for, since you like to look for a confluence of S/R, which makes sense, what do you do when they are spread up by a couple of points? It's logical to what for everyone to agree and use the same S/R area, but often times they are just a bit off. For example, the VAH may be one place and R1, RTH, is 1.5 pts. away? In that instance would you pass, scale down, or stand aside? Thanks for sharing, Dan

I think rule 1 makes no sense at all. From what I seen and read with PV it's the opposite. How is low vol. going to stop a thing? I have seen there thread. It's look fancy with their prop. bar and stuff, that's about it.

It does help, thanks. I tend to take ET with a big grain of salt, because they are a bunch of let's say pretenders and unstable ppl. but these came from ppl. that don't scream everyday. Ppl. that lost over several hundred bucks to a few thousand due to the platform locking up all in a fast moving market, that's why I went hmm, do I want to do that? I know no broker is perfect just trying to due some DD. This is the most recent thread I was talking about if your are interested. http://elitetrader.com/vb/showthread.php?s=&threadid=133483&highlight=tradestation

That's good they reimbursed you. Most brokers tell you so sorry, including my friend with TransAct a couple of days back, overall they are a fine broker. I glad you posted that because I really want to find something to backtest my price and volume set ups, but can't spend the time and scenarios. I have literally almost opened a TS account 3 times this summer and then I see a thread topic like this or on ET where ppl. say TS network locked up and it cost them $$$. I have a question on TS if I can ask. Is there anything I should know before using it for back testing futures. Normally when I manually backtest I just chop off the high/low to ensure a fill in ES. Right now I spend almost 7 minutes per set up manually backtesting and I am overwhelmed trying to test this set up vs. this manually. On MC I have tried it twice and I can't get TS EL code to work. So I ask MC and they blame my computer and put the finger at me? Then they want to me to add a registry change to MS after I just reformat and everything was working fine. Still didn't work. They to want to blame bugs in their software on you. Maybe a good product but it's now the 2nd trial and doesn't work. Is it hard to learn EL? I looked for a dummies book but no luck. I have never coded before.

I haven't read the whole thread, as this is something I experience first hand too a few years back. :crap: It's one of the reasons I have a hard time with the ES. I like the ER2 much better but it's so close to leaving and no one is sure what will happen? I go a step farther when back testing. I chop the top and bottom tick off any bar or candle, no matter whether its the ES or ER2. You always want your back testing to be more conservative since it has it's flaws to begin with. You are then compensating for some of those flawas by making it even more difficult on your fills so you results should be slightly better in that regard.

I think you will do fine, just give it some time. I agree with James that you should get back in the saddle, so to speak. You may want to test yourself the next few days by just sim trading to see how your focus is. If you do ok switch back to real.

I really like the Beagle, thanks for posting that.

Thanks for the kind words. I truly believe it will get easier for you, and me, as time goes on. Grieving takes time, and for me, comes in waves. On a side note, if your trading take some discretion as does mine, it's probably best not to trade, my judgment is off. I am looking forward to getting her ashes back so we can bury her next to our buddy Sam.

When I saw your thread I wanted to send my deepest condolences. I truly empathize. It was just too painful at the time. We had to put our beloved buddy Sadie aka GG ( good girl ), down, yesterday. My Mom's best friend and our family pet succumbed to lymphoma and diabetes. It was particularly hard because I had to make the final decision as my Mom wasn't emotionally able to. It was the humane thing to do I remind myself. Sadie lived a good life til' 14 years and brought us many, many happy times. R.I.P. Sadie

Here is thread from ET that has some good info in it. Not sure how to do threadback so pardon the redundancy http://www.elitetrader.com/vb/showthread.php?s=&threadid=131306&perpage=6&pagenumber=1

Sebastian, I was thinking about your post before and maybe you just need a vacation, a holiday as you call it. Greece is quite nice this time of year I hear. They have high speed internet if you want to stay in touch. As much as all of us want your time, because you are such an asset, nobody wanted to see unhappy. I am also getting back meditation as it really helps with the stress level of trading. If you would like I can recommend a couple of starting places.

Yes Sebastian that was a great chart of the week you did, lots of specific details.

Here is example of some good tests, I believe, and the conditions that have to occur before you would want to consider buying them. I have tick volume in the bottom because I may be having some total volume issues with my data provider to confirm. I am not attempting to mark every VSA signal just the sequence for going long bars. A. Stopping volume B. Excessive volume, but look at the close on this one, way off the low. Buyers are stepping in. The 2 C's. The begining of a 2 bar reversal. Also at the previous day's low, significant support most often as is the previous day's high. The bar that completes the bottom reversal. Make a stab lower and closes almost higher than the entire previous bar's high, and look at the volume. Very bullish. Step 1 is the stopping volume or selling climax. Step 2 is the bullish bottom reversal at the previous day's low. Now step 3 is to look for a test. A test in rising market would be really good, higher highs and/or higher lows made on bars. D. Beautiful test bar. Closes down has a more narrow range ( that's what the pink markers are for ) and look at the volume. Much less than the previous 2 bars and much lower than the avg volume. E. Test in a rising market. F. Test in a rising market G. A good example, I believe, of no supply, it's a level close in the middle but look at the volume, no existent, no selling pressure. H. Another good no supply bar for the same reason as G. I just noticed and wanted to point out another reason that PDL was so important is that it's the low on the daily chart of a test bar with the similar sequence I just mentioned. There is a 2 bar reversal on the daily and then a test and PDL was the area I marked that trade. Maybe if Eiger or Sebastian gets a chance they could comment? BTW thanks again to both of you, and everyone else that has helped me out, it's coming together.

First of all, thanks for all of your help. I really mean it. I wish you would do the daily video updates, they are quite good and informative. I believe in giving back when I can, as do you, and I have been trying to get traders to drop the indicators and learn to trade with price and volume. I think if I recall correctly, after reading your bio on T2win, you have been trading with VSA for about 8 years now? If you don't mind me asking how long did it take to get what you consider mastery? Just curious? Maybe you should consider mentoring some folks since you like to help and are good at it? I know you said you like peace and quite, but obviously you like interaction otherwise you wouldn't do what you do right? Mentoring would definitely challenge you. I look forward to your book.