Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

ubetido

VSA for Confirmation Entry and Exit

Recommended Posts

Hi all

 

I am in Australia and mainly trade the ASX. I have been reading with interest the VSA thread.

 

Just a few questions if someone would respond please:

 

Can VSA be used on a Daily chart or is it predominantly for Intraday like 5 min or 1 min charts.

 

Is it a good tool for entry and exit points by this i mean are there certain signal that confirm a change in direction.

 

I don't short mainly look for stocks that go north.

 

I tend to stick to stocks between .01c to $3

 

These question may have already been answered i may have missed them (alot to read)..lol a link would be good.

 

Cheers

Ubetido

Share this post


Link to post
Share on other sites

Hi Ubetido

 

The ideas and principles of the analysis can be applied to daily charts as well as intra-day. Unfortunately there isn't really a shortcut I can point you to, its a matter of studying to learn to recognise entry and exit points. The two VSA threads will be a great benefit, but also have a look at the Master the Markets book (link to free PDFs of the book are found through the threads and elsewhere on this site). The Wyckoff area of the forum may also be helpful to you.

Share this post


Link to post
Share on other sites

Ubetido,

 

You would be far better first imbibing the principles of price/vol relationships via Wyckoff, then moving into VSA, that way you will have the horse before the cart;) keeping in mind that VSA has been derived from original Wyckoff material which incidentally focussed on daily charts only. However the laws of supply/demand, effort/result, cause/effect are absolute and operate in intraday futures markets.

Ofcourse the choice is yours

Share this post


Link to post
Share on other sites
Ubetido,

 

You would be far better first imbibing the principles of price/vol relationships via Wyckoff, then moving into VSA, that way you will have the horse before the cart;) keeping in mind that VSA has been derived from original Wyckoff material which incidentally focussed on daily charts only. However the laws of supply/demand, effort/result, cause/effect are absolute and operate in intraday futures markets.

Ofcourse the choice is yours

 

I'm not sure Wyckoff focused on daily charts only. Although Section 7 of the original course is about determining the trend by the daily vertical chart, he did write the "Day Trader's Bible" (provided here) and he notable said that a true tape reader day trader doesn't hold overnight.

Share this post


Link to post
Share on other sites
I'm not sure Wyckoff focused on daily charts only.

 

That's right FW - there is a pdf attachment (The Tape Reading Chart) in this post where Wyckoff described an intra-day entry, it includes an intra-day chart on the last page of the attachment.

Share this post


Link to post
Share on other sites

Hi all

 

Thanks for your replies greatly appreciated. I guess i am looking to validate this as an accurate measure of entry for the way i trade and exit.

 

The reason i say this is that i looked at some video here whereby it was live and the person called it wrong more time than correct which raised alarm bells to me. ? Called professional money entering when it closed on the downside of the bar etc.

 

When he mentioned it weak it went up and vice versa.

 

This then registered to me that perhaps and only perhaps live is alot more difficult than looking at a EOD chart and saying yes weak here bar up here etc etc.

 

The way i trade is that i only look and focus on one or two stocks and wait till i reckon its entry time. I buy many many shares in only one of them then wait and take my profit. So it is important to myself to get it reasonably correct

 

I did try to apply some of the material i read but based on some past charts and time i still couldn't say yes buy here or exit there

 

I only use one or two indicators in my trading and was looking if this would assist it.

 

It is probably that i can't see what you experienced folk can see.

 

Cheers

U

Share this post


Link to post
Share on other sites

Once you would do well do study Wyckoff first and then move into VSA, check out Dbphoenix forum on Wyckoff ,

 

Here are some pearls of wisdom from there:

 

"From a practical standpoint, it really doesn't matter who is moving price or why they're doing it. What matters is that price is moving. The key to profiting from that movement has less to do with how and why and who than with being attuned to the relative strengths of the buying and selling waves as they relate to previous buying and selling waves, i.e., support and resistance. Allowing oneself to become enmeshed in the who and the why does nothing but add another layer of unnecessary and irrelevant complexity.

 

Volume has to do with trading activity. Supply and demand have to do with price movement (unless price doesn't move at all, in which case supply and demand are balanced. Price can move substantially on practically no "volume" at all. It can also sit there buffing its nails while tons of trading activity is going on in the background."

Share this post


Link to post
Share on other sites

 

This then registered to me that perhaps and only perhaps live is alot more difficult than looking at a EOD chart and saying yes weak here bar up here etc etc.

 

Very true. Listen to those bells of yours. :)

Share this post


Link to post
Share on other sites

Hi again

 

Thanks again and great forum you have here lots of reading and open and diverse people with their own opinions on trading from all over the world.

 

Volume/price movement/support resistance/trade frequency/market depth. Once these line up it can't get any better than this. IMO

 

cheers

Ubetido :did I say that?:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.