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Showing results for 'vsa'.
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Hi all, I have recently discovered VSA and am a bit bummed that the topic appears dead on this forum, where I incidentally first discovered the topic. It's kind of a bummer that while there seems to be a lot of good stuff, how many dead links and images and so forth there are. Has the VSA crowd moved to a new home or is everyone just satisfied with the material that has been posted and doesn't feel like there is anything new to add?
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[VSA] Volume Spread Analsysis Part III
ChimpTrader replied to Eiger's topic in Volume Spread Analysis
Greetings All, Some chain of events have forced me to take a close look onto VSA. Until recently I had procrastinated learning VSA being too subjective, however, at the cost of systematic objectivity - procured by Indicator based trading - have learned the essence of Value created, that is ought to be noted by reading Volume only. And none other than this forum offer so vivid explanation of VSA. Truly fascinated! Thank you, P.S. Has anyone tasted this new bottle of old wine (pun intended)? BTW price is a shocker for me. -
Hi i am new to vsa technique ,yesterday i have read my first book but things are not that clear I want to ask what is the difference between the upthrust and the hidden upthrust? thx
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Order flow trading or trade from inside a price !
smartfx replied to FMIND5's topic in Technical Analysis
Nice thread bro am a fan of order flow i trade vsa, so order flow is very important when looking out for smart money activities lets go on with this topic sir. A =m right here with you on this. -
VSA (Volume Spread Analysis) vs LRA (Locked-in Range Analysis)
magicT replied to John Baron's topic in Volume Spread Analysis
Did you realise a video explaining cleary VSA & LRA ? I do not really understand why Open positions are locked in loss ? Do you refer to positions that are in loss but not closed ? When a trader use the volume profile such as it is configured here: Visible bars + Dominant Bid-Ask Volumes.. VP_Dominant_Ask-Bid.png If the dominance is showed to be red, it means that the Ask if mostly sollicited by the price action, right ? Shall we interpret the Ask dominance such as being: 1 - aggressive orders that cross the spread to hit the Ask side 2 - limit orders that have executed at differents price levels 3 - 'Buy Stop' orders that are 'Stops' of sellers that have been triggered, which means that these buyers did loose money and that it is now a potential zone for sellers to be aggressive... Using Sierrachart Volumes Profiles does not allow to visualise the nature of orders, especially who are behind. I am curious but perplexe. -
What market do you trade? Because VSA is better used in Stocks and I use the analysis like LRA for a long time. And using cause-effect methods of analysis like LRA does not require the use of the order book. We need to search Locked-in Ranges where current Open Positions are locked in loss and it is profitable for the market maker to quote prices above or below the range depending on the sentiment. -
Let's compare two cause-effect methods of analysis which help us to make our FOREX trading strategy more profitable: Volume Spread Analysis (abbr. VSA) seeks to establish the cause of price movements, and from the cause, predict the future direction of prices. The ‘cause’ is quite simply the imbalance between supply and demand in the market, which is created by the activity of separate professional operators called "Smart Money". Locked-in Range Analysis (abbr. LRA) seeks to determine the direction of the prevailing volume of open positions which will allow to join the further profitable price changes for all united market makers called "centralized automated market-making system". For example, both methods use the chart and volume to analyze, but have different basis: VSA: Activity of separate professional operators (Smart Money) LRA: Logic of price changes in the futures markets (where a liquidity is provided by Market Makers)
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Dear friends, Tom Williams passed away Monday night 7th Nov 2016 at home in Worthing, he was with Dallas his long time companion, and Gavin Holmes. He was like a father to me and I will miss him more than words can express. His funeral will be next week. Rest in peace. Sebastian
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re: . Isn’t it just as logical to say that Gold is somehow affecting the price of OIL ? This is a little like saying this pony will run well if that other pony doesn’t ???generally re: these correlations you’re discussing... only one I’ve been watching lately is the USDJPY and PM correlation ... but haven’t been putting any ‘value’ even in that one except for when the correlation temporarily ‘backs off’. I learned many many years ago it’s best for me to trade each chart/instrument independently and leave the ‘if x goes up, then y will... do whatever’ to the media psy-op talkingheads.... and those that have a flair for these kinds of 'if's...(or an imagined flair... really they are hypnotized by the psy-op narratives) Re: I think I make much sharper distinctions between spreads and hedges ... I don’t do PM spreads - except for occasionally bringing a (very long term) long silver / short dow spread out of retirement... I maintain entry points for this one monthly with very wide stop in orders... and if and when it ever again gets going (before I’m too old and out of the game), then leg in and out... ...the (also very long term) PM ratio trade discussed previously is a third sharp distinction. re: Weird place to be looking for ‘test’ imo... This context reminds me of http://www.traderslaboratory.com/forums/volume-spread-analysis/17901-vsa-questions.html#post201581 re: :haha:Look dick, you’re either my fkn uncle or you’re not! Don’t jerk me around. I’m already attachment disordered enuf. re: Sorry bobc. You deserve better... but I decided some years ago not to post charts and screen shots anymore. TL typically only gets just a few minutes a day and it’s just too time consuming to take stuff off TS charts that shouldn’t be seen and also put stuff on specific to the conversation at hand (like ‘plain’ volume in this case) ... and label appropriately ... and ...etc.... If you want to follow up to see if this ‘test’ and can’t find anything on your own, check GBLX E-Mini S&P 500 Futures - Commodities Charts, Quotes and News CBOTM DJIA mini-sized Futures - Commodities Charts, Quotes and News GBLX E-Mini Nasdaq 100 Futures - Commodities Charts, Quotes and News
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The patterns can overlap and occur anywhere and the original ( ie reference ) testing on this pattern was based on trades taken on any occurrence of the pattern. ... But as we discussed in VSA thread, to really ‘leverage’ these types of patterns, they must be implemented / traded only in certain contexts. “Find the narrowest range bar of the last seven bars (NR7) to locate this sudden congestion breakout. Its predictive power lies in the location where it appears. NR7s work best right in the middle of congestion, or when price pushes repeatedly against a major barrier. When the signal works, it works fast and triggers a major price expansion without a pullback.” Alan Farley Ultimately, it’s best not to merge this idea with the position sizing It will show up and may even ‘work’ on any timeframe... but, in general, you will miss too many trades narrowing your criteria to just this setup in congestion breakouts on intraday charts... fwiw The trade triggers with the most 'beautiful' results look 'average' ... 'beautiful' triggers yield average results tennis anyone? zdo
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lchunleo To fully code VSA correctly actually requires 3 layers. 1. code that identifies the ‘big picture’ context, what stage the ‘campaign’ is in, etc 2. identifying the correct underlying context ... which is basically the setup created by the last n bars (~10 - 30 bars for this method). This setup will condition which micro volume and ‘spread’ patterns/triggers are valid as they occur. 3. then coding the micro volume and ‘spread’ patterns/triggers themselves. Most VSA traders attempt to work all three using wetware instead of software. A few do number 3 with software and attempt the other two with wetware. Very few even attempt and even fewer succeed at coding 1 and/or 2 above. Point is - and contrary to what the ‘voice of trading’ industry and the ‘best’ trading instructors are telling you - codewise, whether via wetware or software, Successful triggers require correct setups Successful setups require correct context. (and btw this is true for almost all trading methods ... I may post more about this for noobs later...) / Most traders who study VSA attempt to learn (or code) it 3, then 2, then maybe 1. The best order to learn ‘it’ is 1,2, then 3. When 1 is mastered first then 2 and 3 fall into place. But when 3 is mastered first, 2 and 1 do not automatically fall into place And when 2 is mastered first, the others do not automatically fall into place Also, all (but a few lucky exceptions) who attempt to trade VSA and omit 1 above and work only 2 and 3 --- and weeks, months, or years later they wonder where they went wrong. ... and this is the way all the naysayers about this and other various methods are created. (and btw this is also true for almost all trading methods ... I may post more about this for noobs later...) Imo, any due diligence coding efforts with micro volume and ‘spread’ patterns/triggers would also require including additional ‘micro’ price/volume patterns not found in the strict VSA in the set of triggers coded. (see wyc koffy, her shey, etc. ) Over the years there has been free code uploaded that identify the micro volume and ‘spread’ patterns... maybe some of them are still up. I might still have some of that code. PM me if you would like me to look in my archives. hth zdo
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Hi all, My new to this forum and have been self studying vsa. I like to do my trading system based on vsa, but I having difficulty doing so. How can I codified the vsa? Thanks
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@Db, I read a couple of places that referred to springs and shake outs as a test of supply. E.g., "A spring is a price move below the support level of a trading range that quickly reverses and moves back into the range." link A spring is a price move below the support level of a trading range that quickly reverses and moves back into the range @MightMouse, I am not sure what you mean by "ex post facto", but a successful spring with low volume would indicate that supply "is or might be" available below support. The article to which you refer is based not on Wyckoff but on Robert Evans' interpretation of Wyckoff. There are no "springs" nor creeks nor ice. There is no "law of cause and effect" nor is there a "law of effort vs result". This is not to say that the Evans version is not useable. But it isn't Wyckoff. If you want to learn Wyckoff's approach, study Wyckoff's course. You will likely find that doing so at this point will be exceptionally difficult due to your having so much to unlearn. FWIW, I decided a couple of years ago to stop arguing about this and pursue another path: the SLA. In fact, I posted the following to another site just yesterday: The SLA/AMT is a reset. After years of arguing about what's Wyckoff and what's VSA and what's Evans and what's SMI and trying to sort it all out, I finally two years ago started from scratch. If traders want to break through ice and jump creeks, they are welcome to do so, but that no longer has anything to do with me. Rather than spend/waste seemingly endless amounts of time arguing about what is or is not Wyckoff, I can ask that those who are interested in all this focus on the SLA and implementing the SLA. As the SLA is about as simple as it gets with regard to trading price and as the entire thing is one-fifth the length of Wyckoff's course (100p vs 500p) and the condensed version posted to the first post is one-fifth of that (20p), and as one can approach it without testing and with minimal journaling, the primary task for the intended becomes extinguishing bad habits and learning new ones, rather than slogging through hundreds of pages and thousands of posts. The SLA is based on and stems from Wyckoff, but one can study it and practice it and trade it without ever having heard of Wyckoff or having read a single word of his course. You are of course welcome to study Wyckoff in the original and ask whatever questions occur to you. But if you choose not to do so, you won't be alone. The SLA is far simpler and far easier to understand. You may also be interested in this post.
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There's a long answer to that and a short one, but even the short one is longer than one might expect. There is a line beyond which "if at first you don't succeed, try, try again" becomes "enough is enough". After five years of trying to persuade people to read W's course, much less study it, and arguing with the VSA people who think they're "trading Wyckoff" when VSA and Wyckoff have virtually nothing to do with each other, and arguing with those who think they're "trading Wyckoff" when they are actually trading Evans' adaptation of it (which is just about everybody), I decided to take another direction and develop the SLA. Is the SLA an interpretation and modification and adaptation of Wyckoff? Yes. What distinguishes it from all the other interpretations and modifications and adaptations is that the SLA is actually founded in Wyckoff's original course, not in what somebody read that somebody wrote who heard something somewhere. In that regard, it is to the best of my knowledge unique. Hint: if whatever you're reading refers to "ice" or "creeks" or "springs" or "'laws' of cause and effect or effort and result" and/or includes indicators of one sort or another, then it is not Wyckoff's original course. Granted Wyckoff's course can be a rough road, particularly for the video generation who are much more attuned to visuals than the printed word. Add to that the fact that it was written almost a hundred years ago and the stylistic differences can be challenging, though it's a hell of a lot easier than Dickens. I attempted to ameliorate these difficulties by suggesting Wyckoff Lite, but even this proved to be too much for most. Which brings us back to the SLA. And though the SLA may seem to some of those who've actually studied W's original course as a sort of Paint-By-Number approach to Wyckoff, most of those who read, study, and try to implement it (even 20 pages is too much for a great many people) are at least beginning to understand what trading price means and is and can do. Therefore, Wyckoff will now be addressed and explained within the context of the SLA. The objective is of course to launch traders on the road to making money, not to torture them with material which -- if they are under 40 -- may seem archaic. Interested traders have been playing with the SLA for a little over two years now, and far more of them now not only understand what trading price is all about, they are also beginning to make money with it.
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Trading the SLA/AMT Intraday, Part II: Questions and Discussion
timokrates replied to DbPhoenix's topic in The Wyckoff Forum
It seems that I can not edit the post anymore, so I try it this way. In terms of the test of 25 this is very interesting because it kind of highlights the main problem recognizing the end of a price wave (i.e. change of buying/selling pressure). Price breaks the previous high (1M) at 23 only by two points, then struggles to get higher and drops quite hard without showing incoming strength again (5sec). This brings me to the question if there is a certain price behaviour you like to see if price reaches a potential turning point and is it part of a setup? Like 3 waves or overlapping waves - and does the microscopic view on the %sec comes into play here. I mean, it is obvious to me that price action is price action and watching it in real time is key. But just to frame it more in terms of entering at an extreme as early (and potentially safely) as possible - coming back to the previous "AMT entry". As you can see, I also try to get rid of the crutches. The wave thing is a nice theoretical construct, but in real life it doesn't work out all that well. Like VSA. I like to keep it as simple as possible. Do I enter as soon as price hits a certain level? No. I'm not that good. I want to see the stride broken first. That may happen quickly, as at 0930. Or it may take a minute or so or several, as with 25 and the following test, below. But I'm not one to just jump in. That to me is throwing money away, the roulette wheel vs the poker table. This is where the lines can come in handy, e.g., if the 1m stride is still intact, wait for that to break before entering what is now more likely a reversal or use the 5s to enter a ret. To enter before the stride is broken means additional risk. That doesn't mean that one absolutely must wait, but he must consciously weigh the additional risk. What you're doing in these scenarios is exploiting the fear and confusion of others. If you yourself are afraid and confused, it's best to stay out and wait for additional information, even though that entails additional price risk. Thanks a lot for your comments. In terms of reversals - also mindful of what you mentioned above in lajax' post - it seems to be critical to trade those as they offer in general the best opportinities as they are occuring at the extremes. This leads me to a question in terms of backtesting. As godzilla and lajax have tested the number of points after the break of the stride in regards to a potential reversal I would like to ask if this is really the way to got. Well, I suggested it, so, yes. Waht I mean is that if one has located the extreme and price struggles there, the price risk would be far less in comparison to waiting for that kind of break - also the profits should be higher or one would have bunkered some earlier. Would you agree here? If you view it in terms of the Danger Point and enter N ticks away from that. Another option is to use the 5s, as with the 0930 reversal the other day. The market doesn't necessarily see your retracement, but everybody can see where the swing low is. I also have to say that the time of day you mentioned as well is critical. Living in europe I follow the market often during the EU morning. There are opportunities as well, but sometimes it's tricky. Would you say in general that an opportunity (price reaching an extrem, doing x / price breakes the range and forms an appropriate retracement) have the same potential? It's impossible to say in advance. But there have been some awfully nice moves at 0400 recently. -
http://www.traderslaboratory.com/forums/wyckoff-forum/19610-trading-sla-amt-intraday-part-ii.html Db, I seem to get after you a lot on the ordering of your material. First Things First stuff. In the original SLAMT pdf, what you put last should have been first, etc. so... Regarding ‘campaigns’ - It’s rather late in the ‘course’ to be bringing that up Ie it’s not an advanced topic to be studied ‘later’. It is a BASIC topic... belongs at the front of the ‘course’... . (That is - unless it is now only beginning to really sink in for you. In that case - you’re excused.) Way back, I wasn’t so sure *, but in the intervening years since I first started studying this I have been forced to acknowledge it**. And I have settled on the conclusion that Wycff also FIRST recognized ‘campaigns’ as basic, then chose( or was ‘chosen’ / forced) to develop techniques that operated outside of campaign technologies. ‘Surefire’ trading entails being ‘inside’ a campaign - period. Few of us can be inside campaigns. "All the varying phases of stock market technique may thus be studied and interpreted from the buying and selling waves as they appear on the tape." Richard Wyckoff These are the words of an ‘outsider’. But he could not actually set aside or ignore or leave behind considerations of campaigns to focus on developing his techniques. His techniques are his own abreaction to campaigns. He was attempting to crack campaigns from the outside - whether he could continue to consciously acknowledge that or not. (Btw, most lose sight of it, but ALL TA methods are attempts to crack campaigns from the ‘outside’ ***.) In your course(s), rather than jumping directly into Wycff techniques, you should first send your student off to form his or her own conscious gestalt of ‘campaigns’, instead of asking them to leave them unconscious or take them on unconsciously ( ... or up until this point not even allowing students to even ‘believe’ in campaigns ) and Out... unless you come back with something to the effect that "None of this matters to the practical practice of the techniques..." All the best, Zdo * http://www.traderslaboratory.com/forums/volume-spread-analysis/3736-vsa-crock-not-8.html#post49972 ** funny story - my first job in the business was in an options room. It was the closest to direct access to a campaign I ever came... I caught on - but paradoxically I didn’t REALLY catch on until later - shows you how slow some ppl can be... *** http://www.traderslaboratory.com/forums/stock-trading-laboratory/18588-volume-breakdown-how-much-comes-technical.html#post194359
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Trading the SLA/AMT Intraday, Part II: Questions and Discussion
DbPhoenix replied to DbPhoenix's topic in The Wyckoff Forum
I've been asked this question more than once over the years, so, having answered it again (the turnover among beginners is pretty impressive), I'm posting it again here: Is The Wyckoff Method or Volume Spread Analysis Legit? Just wondering if it's actually useful or not. Whether they are useful or not depends on what you're looking for. There are actually two "Wyckoff Methods": one is Wyckoff's own, the original course written in the early 30s; the other is the Robert Evans adaptation developed in the 50s and sold by the Stock Market Institute. The latter is what virtually everyone uses -- including what I call the "Wyckoff Posse" -- for a variety of reasons. I find the original to be of much more use, at least to me. But then I always seek out original sources, such as with Steidlmayer and what eventually became Market Profile. VSA came about as a result of Tom Williams' study of the Robert Evans adaptation of Wyckoff's course but was also influenced by the writings of Richard Nye. The original here was called The Undeclared Secrets That Drive The Stock Market. None of these use indicators, so that may exclude them from your consideration. Otherwise, Wyckoff's original course is available for free, so you can decide its usefulness for yourself (the Evans adaptation is still under copyright). As for Williams' Undeclared Secrets, there are pdfs of it floating around. As Williams is very much alive, they may not be legal, but not all authors object to these free pdfs as they provide free advertising. Whether or not you google it is up to you. If you are looking for work on pure price action, with nothing on the chart except for the price bar or the tick, then these might be right up your alley. These three -- Wyckoff's original course, Williams' first work, and Steidlmayer's Markets and Market Logic -- are about all there is. And, incidentally, though you didn't ask, if you're interested in scalping, Wyckoff's My Secrets of Daytrading in Stocks may be of use to you. This is also available for free. It focuses on tape reading and P&F. There is also Livermore's How To Trade In Stocks, also free, which is essentially the same approach as Wyckoff's, though Wyckoff's book goes into far more detail. The key difference between Wyckoff-in-the-original and the Evans/Williams adaptations is continuity of price. Wyckoff began as a tape reader, so he sees price as being continuous, which of course it is. The "bar" is irrelevant, a convenience for illustration as they didn't have tick charts in those days. The idea of limiting oneself to a "5-minute bar" would make no sense to him. Nor would he sign on to the notion of "noise". If one misses this, then there's little point in studying Wyckoff at all. Just buy somebody's software and follow the arrows. Or read someone who trades price "bar by bar", which means trading bars, not price (usually with an indicator or two thrown in). But those are the choices if one elects not to study Wyckoff in the original.. -
I've been asked this question more than once over the years, so, having answered it again (the turnover among beginners is pretty impressive), I'm posting it again here: Is The Wyckoff Method or Volume Spread Analysis Legit? Just wondering if it's actually useful or not. Whether they are useful or not depends on what you're looking for. There are actually two "Wyckoff Methods": one is Wyckoff's own, the original course written in the early 30s; the other is the Robert Evans adaptation developed in the 50s and sold by the Stock Market Institute. The latter is what virtually everyone uses -- including what I call the "Wyckoff Posse" -- for a variety of reasons. I find the original to be of much more use, at least to me. But then I always seek out original sources, such as with Steidlmayer and what eventually became Market Profile. VSA came about as a result of Tom Williams' study of the Robert Evans adaptation of Wyckoff's course but was also influenced by the writings of Richard Nye. The original here was called The Undeclared Secrets That Drive The Stock Market. None of these use indicators, so that may exclude them from your consideration. Otherwise, Wyckoff's original course is available for free, so you can decide its usefulness for yourself (the Evans adaptation is still under copyright). As for Williams' Undeclared Secrets, there are pdfs of it floating around. As Williams is very much alive, they may not be legal, but not all authors object to these free pdfs as they provide free advertising. Whether or not you google it is up to you. If you are looking for work on pure price action, with nothing on the chart except for the price bar or the tick, then these might be right up your alley. These three -- Wyckoff's original course, Williams' first work, and Steidlmayer's Markets and Market Logic -- are about all there is. And, incidentally, though you didn't ask, if you're interested in scalping, Wyckoff's My Secrets of Daytrading in Stocks may be of use to you. This is also available for free. It focuses on tape reading and P&F. There is also Livermore's How To Trade In Stocks, also free, which is essentially the same approach as Wyckoff's, though Wyckoff's book goes into far more detail. The key difference between Wyckoff-in-the-original and the Evans/Williams adaptations is continuity of price. Wyckoff began as a tape reader, so he sees price as being continuous, which of course it is. The "bar" is irrelevant, a convenience for illustration as they didn't have tick charts in those days. The idea of limiting oneself to a "5-minute bar" would make no sense to him. Nor would he sign on to the notion of "noise". If one misses this, then there's little point in studying Wyckoff at all. Just buy somebody's software and follow the arrows. Or read someone who trades price "bar by bar", which means trading bars, not price (usually with an indicator or two thrown in). But those are the choices if one elects not to study Wyckoff in the original..
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Ive been covering a lot of the material since yesterday and making notes. I can see how the context is extremely important in figuring out what trades to look for and where. In determining topping or bottoming action i see that there are several indications. 1. Climactic volume 2. The slope of the incline or decline of the price action 3. The closing of the bars that poke the lows or the highs 4. Once that climax is identified a techical rally follows if it was a selling climax. 5. The key is then the secondary reaction which should create a higher low. Not necessarily. Price may dip below the previous low but pull back up due to buyer interest. If this bar "closes" at or near the high, this indicates buying interest and can be bought just like a higher low. The VSA people like to call this a "spring", but there's no need to come up with a special name for it unless you're trying to sell a system to somebody. Beginners like lots of lingo. 6. If this in turns breaks a supply line there is a good chance the market will enter into an accumulation phase and should be bought. 7. Then there should be some good volume increase on the up move after that secondary reaction. This is also key because buyers are willing to pay the ask As far as buying on a dip in an uptrend. Several key factors come in to play 1. Coming down to a support area not necessarily. Be careful with regard to "support" and "resistance". Price is reaching a level where buyers are interested. You can't always know this in advance. Judge the market by its own action. 2. Shortening of the thrust down 3. Closes near each other 4. Low volume on the way down, because sellers are having to lower the ask in order to fill orders 5. Mini selling climax is oka 6. closes then near top of bars and higher volume on the way up, again because buyers are willing to pay the ask 7. Narrow range bars or narrower When I start seeing this type of action it would be safe to buy that dip for a continued up move. He describes it as "dullness" Works the opposite for selling a rally in a down trend. Ranges can be accumulation or absorption or they can be distribution. Some of the clues obviously is the context that led to the range. But once in the range lets say we are starting to see bars with higher lows and higher highs within the range or pokes under the range that come back up through and the volume on higher closes is bigger than the volume on lower closes it may be showing signs of absorption . the opposite for distribution. Ignore all of that. Buy a breakout through the upper limit of the range. Short a breakout through the lower limit of the range. Keep it simple. There is a lot in that book to take in. Am I getting this right? Thanks for your help.
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FOR THE MANY: “It has been tried” If digital automation is not your thing then that should settle it for you. So - seriously and respectfully -When would now be a good time to click out of this thread and spend your precious, limited time studying, developing and practicing your own specialization in trading. FOR THE FEW: “It has been tried” The Sanskrit translation is “it can’t be done” reminds me of this cut and paste... He ‘really ought to have known better’. Who knows how many total, but in one thread alone Db has + 80 posts differentiating ‘Wyckoff’ from ‘VSA’ (and for some reason he even pitched in and helped differentiate VSA from “VSA-TG” in the process). Question this - If the “knockoffs that followed” Wyckoff are not authentic Wyckoff, then an attempt to automate VSA is not an attempt to automate Wyckoff. Which way is it going to be, db ? Duplicitous? Beyond the benefit of the obvious economies in a one line slur - he ‘really ought to have known better’... twice. Another not so minor distinction - for the few - until ‘It” (TradeGuider in this case) sends actual orders and manages actual positions, “It” has not been tried. ... He ‘really ought to have known better’.... thrice. In another post/thread, I may draw some parallels someday between what motivated Wyckoff and Williams to begin with... and what motivated them to produce ‘courses of study’(...btw it’s not pretty). But for now, let’s just focus down on TradeGuider a little bit... imo, sales success was more important to TradeGuider than product development and improvement. They were indifferent to sustained development - if they ever really cared at all - beyond getting some software out there to elicit seminar training session enrollments where the big bucks were. For the most part, they shipped the first efforts that compiled / didn’t crash and were done with it. Fifty percent hit rate was enough ... They claimed to apply Artificial Intelligence but that was just a rip-off promotional buzz phrase. In reality all they did was utilize marginal fuzzy logic for the price patterns. The volume patterns were strictly pre-programmed VSA ‘micro’ patterns. Folks - db’s pronouncement notwithstanding - and whether you’re talking “It” as automating Wyckoff or “It” as automating VSA doesn’t matter - TradeGuider does not even begin to qualify as a real , honest ‘try’ at “It” and He ‘really ought to have known better’.- four different ways now... And, like - does https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=88600 qualify as a “It has been tried” with SLA ??? Hell no!!! He ‘really ought to have known better’... times 5. FOR THE MANY: If you’re still reading, all I can say is you were notified. This thread is about ‘automation’ and is in the Beginners Forum section. ... if you’re not into that then again I would suggest you return to developing your own ‘wetgrey automation’ as soon as possible ... and may the wyckoff be with you
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Hi guys, I heard about this form a lot, many good threads are orginated from this forum like VSA.wish best of luck to all.
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Hi guys, I am new to technical analysis and trading in general. I am reading Tom William's Undeclared Secrets book on VSA and have a question that I could not find an answer to. What exactly is defined as an up bar and a down bar? In my charting software, an up bar is shown as green if the closing price is equal to or higher than opening price for that bar. Similarly a down bar is shown as red when the closing price of the bar is less than opening price. However, from the diagrams in the book, I seem to get the idea that an up bar is when the high of the current bar is higher than the high of previous bar and a low bar is when the low of the current bar is lower than the low of the previous bar. There could be multiple combinations of OHLC prices of two consecutive bars than could be used to define it as an up or low bar. I was hoping you guys could provide me some clarity on this. Thanks!
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[VSA] Volume Spread Analsysis Part III
JohnTrading replied to Eiger's topic in Volume Spread Analysis
VSA setup on USDCAD please any comments welcome! -
Can anybody tell me what is the spread and the range in a candle bar when using vsa? Thank you.
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Thanks alot luigizerozero.I have been going through VSA for the last 3 months and i find it really informative.Knowing where the smart money are taking prices is very crucial and that is what really differentiates professional traders from novice traders.I would want to get your contacts,preferrably your skype name.I really believe in sharing ideas since thats the only way we can grow.Thanks.Look forward to hearing from you Regards Bonz
