VSA Materials

[EV1 10]

Hello. I was recently introduced to VSA and I am confused as to the best source to get the necessary learning materials. I have come across both the VSA and TG websites and I am trying to undertsand:

 

1) Which book/e-book is best (MTM, Trading in the Shadow..., USTDTSM, TG's "Educational Trading Course, etc.)?

 

2) What is the concensus of opinion on TG's Software? For $99/mo. it seems one can lease the software and get the educational materials to learn the method.

 

3) I work a standard 9-5EST job and cannot trade intra-day. Is VSA effective using end-of-day data?

 

Thank you very much for help.

[YertleTurtle 10]

Master the Markets is probably the standard book for VSAers. TG software is not necessary for learning VSA. I've never used it but if you understand the concepts you don't need it.

For beginners -

1 - read the background looking for strength or weakness

2 - look for climatic action

3 - look for no supply/ no demand to take position

 

VSA works with EOD data. You could also trade the London open for currencies if you wanted to day or swing trade.

[mazda11 10]

I purchased "Trading in the Shadow" a few months ago.

It looks like a marketing brochure for the software. A lot

of the charts are hard to see with so many of the TG software

features plastered all over.

 

Tom William's material is highly superior, in my opinion.

[YertleTurtle 10]

I should add that David Weis has a free nightly report focused on the S&P that is very informative. Just looking at the way he draws lines on a chart is very helpful to new traders. He isn't a VSA guy but a Wyckoff expert:

 

David Weis' FREE Nightly Market Report Based on Wyckoff Principles

[sandipgarg 10]

Here is the searchable pdf file of the book "Stock Market Technique No.1" from Richard Wyckoff