Newbie to VSA Which Market is Best to Begin With?

[silverpuma 10]

Hi all, Great website and after many months of reading, learning, pondering and searching I think I have found a home:-) I'll not go into details here, I leave that for the "introduce yourself" section, suffice to say I've read Mastering the Markets Twice by Tom William's, his other book The Undeclared Secrets.... and enough articles from this site to use 3 full injet cartridges

 

I'm still and will always be still learning but I need some guidance on this aspect. To begin testing out my new way of trading and thinking using volume/VSA what markets are best that reflect or seem to work best with VSA?

 

I had though about major US stocks that would constantly be attracting the Smart Monies attention. What do you think and have you any stocks I should consider?

 

Does the futures market work well with VSA i.e; e-mini's?

 

I had discounted Forex as not being sold through exchanges I thought there was no way of getting usable volume on m,y chart for VSA analysis. But I see lots of the examples used in the VSA Summary Part 1 uses Forex as the instrument. How do I get volume for Forex and is it accurate for using VSA? Which data feeds do I need for the Forex volume and do I need any code for my Tradestaion platform that would help me use VSA on Forex or any other market?

 

I know there is a lot of questions here so please be patient with this slow learner!! Mmmmmh, I think its all your fault anyway giving me sooooo much great info that I'm overflowing with questions...ha ha....

 

Any advice or help would be really appreciated.

 

Take care,

 

George

[VolumeJedi 10]

Lots of questions there.

 

Ultimately it is a personal choice.

 

VSA works well in all markets and on all timeframes. Many traders trade the indices , futures or spot forex. All you need is a freely traded market that has volume (contract) or volume (tick). There is (tick) volume in forex.

 

Ironically to many, the signals in forex are really good. The claim that there is no volume since there is no central exchange. Never the less the signals are often clearer and more idyllic or text book than in the emini. Personally I think this has to do with competition. Remember the smart money is not only in a battle with the herd, they are in a battle amongst themselves. In my opinion this may lead to less idyllic signals at times in a market littered with smart money. Just a guess.

 

As far as stock go, the only thing I can say is make sure it's a liquid stock. VSA will not work well, if at all, on a "penny stock" with little volume. Timeframe for stocks does come into play because of the "day trader" rules.

 

I hope this helps and welcome.

[silverpuma 10]

Thanks VolumeJedi, Sorry for the slow reply but I must have missed clicking on the instant reply to my forum question, hence only seeing your reply tonight.

 

I must check out the volume on Forex.

 

Once again thanks, its apprecited!!