Just a word of warning from someone who has used VSA for a few years.
While it is an amazing tool it will take quite sometime before you ACTUALLY get your head around it.If you cant associate with the reading of volume being almost the exact opposite of what is commonly accepted then you haven't yet grasped it.
VSA spits out signal after signal. These signals are POSSIBILITIES ONLY
If you take a signal to be gospel in its own right you'll be bitterly disappointed with your trading and VSA.
Some hints.
(1) On trends look for signals with the trend.
(2) On reversals look at where a likely reversal will occur---Support/Resistance and watch for signals supporting either the REVERSAL VIEW or the CONTINUATION VIEW
(3) If trading futures swing trading is excellent when you understand reversals.
(4) Most setups are multi bar.
(5) Much of the benefit of VSA analysis is NOT TAUGHT. You'll see what I mean as you watch 1000s of hrs of charts!
(6) Low volume in the right place at the right time will tell you more than the high volume PRECEDING it! Thats not in any book!
(7) Few can read VSA properly and even fewer can apply it. Be VERY WARY of home made code its often way wide of the mark and coded from a background of little knowledge---the OBVIOUS ISN'T OBVIOUS.---if you think it is then you haven't GOT IT!
Its worth the effort.
Okay thanks. I suppose resource demand is keeping our market resilient to a degree from the debt issues in Europe/USA.Supply and Demand are the factors driving the market and I feel that the better understanding I can get of this, the closer I am to understanding why the market behaves as it does.
Just a word of warning from someone who has used VSA for a few years.
While it is an amazing tool it will take quite sometime before you ACTUALLY get your head around it.If you cant associate with the reading of volume being almost the exact opposite of what is commonly accepted then you haven't yet grasped it.
VSA spits out signal after signal. These signals are POSSIBILITIES ONLY
If you take a signal to be gospel in its own right you'll be bitterly disappointed with your trading and VSA.
Some hints.
(1) On trends look for signals with the trend.
(2) On reversals look at where a likely reversal will occur---Support/Resistance and watch for signals supporting either the REVERSAL VIEW or the CONTINUATION VIEW
(3) If trading futures swing trading is excellent when you understand reversals.
(4) Most setups are multi bar.
(5) Much of the benefit of VSA analysis is NOT TAUGHT. You'll see what I mean as you watch 1000s of hrs of charts!
(6) Low volume in the right place at the right time will tell you more than the high volume PRECEDING it! Thats not in any book!
(7) Few can read VSA properly and even fewer can apply it. Be VERY WARY of home made code its often way wide of the mark and coded from a background of little knowledge---the OBVIOUS ISN'T OBVIOUS.---if you think it is then you haven't GOT IT!
Its worth the effort.
Well I have worked out one thing.
Anything that is free from Tradeguider has a catch to it.
Look closely at all the freebees, then link the associated costs.
Then link the mentor programs to it because, what you purchased still does not give the complete picture.
joea
Hi.
Amazon has released an alert for those who are interested in a preorder for "Trades About to Happen, (A modern Adaption of the Wyckoff Method".
joea
Well "Trades about to Happen", has been postponed 4 times and it will not be available until 2013.
One can only assume the book will not be printed and released until pre - orders cover the costs of the first run, and that has not happened.
joea p.s. only had two chapters in Charting the Stock Market.
Im hopeful that this book goes (as it should) well beyond the pure signal (Which Tradeguider Algorithms show) after all the signal is nothing more than a setup generated by a single/double or multiple bar/s.
Most of these types of books fall way way short in helping traders apply the indicators of "Trades About to happen" into a profitable methodology.
Id also like to see some testing on the suggested methodology to see how profitable these "Trades about to happen" can actually be.
Now THAT WOULD BE A BOOK---wouldnt it!
Trades About to Happen.
Has now be postponed to June - July 2013.
joea
Now if you published a book that didn't deliver----that would stuff your product up wouldn't it?
Now if you published a book that didn't deliver----that would stuff your product up wouldn't it?
Is the book available already?
Trades About to Happen.
Has now be postponed to June - July 2013.
joea
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