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I have been doing alot of experiments into support and resistance, but now im curious to see how people use volume to help them pick good stock?
Reading into volume
- Thread starter deanoman
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tech/a
No Ordinary Duck
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Volume Spread Analysis is becoming more well known.
There is also software which is designed around VSA.
Tradeguider.
"Master The Markets" by Tom Williams is a very good place to start and finish for simplicity.
Once understood it will turn your understanding and use of volume on its head!
There is also software which is designed around VSA.
Tradeguider.
"Master The Markets" by Tom Williams is a very good place to start and finish for simplicity.
Once understood it will turn your understanding and use of volume on its head!
Timmy
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Give him the link tech!
white_goodman
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x 2 more info the better
tech/a
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http://www.tradethetruth.com/pics/mtmv3.pdf
Follow this link ........... Should be what you are after. Cheers.
Follow this link ........... Should be what you are after. Cheers.
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Link to "Mastering the Markets"
Hi guys,
So from the tradeguider website this book is alledgedly $99, and personally I think it's well worth the money. I've read it cover to cover in about a week, taking many notes etc.
Anyway, for those who are a little poor, here's a link to a free pdf version of the book :
Tradeguider has a link on their website but it only contains section 1 of the book (first 40ish pages).
Here's a link to the full thing - all 188 pages of it!
http://www.tradethetruth.com/pics/mtmv3.pdf
By the way, I think that this is a very good book and if you enjoy it / start making money off the techniques is it, you should pay for it. I'm not reditributing this book for free, just including a link that any decent search engine would find, given the correct search terms.
cheers
Daniel
Hi guys,
So from the tradeguider website this book is alledgedly $99, and personally I think it's well worth the money. I've read it cover to cover in about a week, taking many notes etc.
Anyway, for those who are a little poor, here's a link to a free pdf version of the book :
Tradeguider has a link on their website but it only contains section 1 of the book (first 40ish pages).
Here's a link to the full thing - all 188 pages of it!
http://www.tradethetruth.com/pics/mtmv3.pdf
By the way, I think that this is a very good book and if you enjoy it / start making money off the techniques is it, you should pay for it. I'm not reditributing this book for free, just including a link that any decent search engine would find, given the correct search terms.
cheers
Daniel
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hmm... seems I was a little slow typing my post....
Everyone seems to have lots of useful info tonight
cyas
d
Everyone seems to have lots of useful info tonight
cyas
d
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I downloaded the book after the link was posted on another thread. It is absolutely incredible. It was especially helpful for me because it cogently translated market "behaviour" and "emotions" into charts and explained how to read them accordingly. (I'm a behaviourist by nature rather than a math whiz -- even spent a few years working with the criminally insane and serial killers! -- whole other thread.)
It really started to come together when the book showed the chart for the Nikkei just before and after it crashed in 1990.
You may want to read it a couple of times. Some of the concepts are more fully developed much later in the book after a detailed introduction to all the concepts.
It really started to come together when the book showed the chart for the Nikkei just before and after it crashed in 1990.
You may want to read it a couple of times. Some of the concepts are more fully developed much later in the book after a detailed introduction to all the concepts.
tech/a
No Ordinary Duck
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There you go.
I would then add appropriate analysis.
But at this point if I was going to look at this Id be looking at this low risk point now.
This is a Tradeguider (VSA) software EOD chart of CUL
Sorry about the quality of PIX just put your glasses on!
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That's for that pic Tech/a....
So can you recommend TradeGuider?
I've been running backtesting simulations with NinjaTrader the past few months on ES intraday data for the past 10 yrs to try and find some good trading strategies.
As mentioned above, i've read that book on VSA techniques, and have begun to code up some indicators to see if I can get some good signals out of it.
I have been thinking about biting the bullet and purchasing perhaps one of these professional packages (such as TradeGuider) so I can view these signals...
however I do like the ninjatrader way of coding, backtesting and optimising - and like learning the theory behind the indicators too, so I know exactly what's going on. - it's cheaper too
So I just thought i'd get your opinion (AND other people's) that use these professional packages with inbuilt indicators to see if they think its worth it...
and if so, which packages they use and which indicators they find to be the most useful.
thanks
Daniel
So can you recommend TradeGuider?
I've been running backtesting simulations with NinjaTrader the past few months on ES intraday data for the past 10 yrs to try and find some good trading strategies.
As mentioned above, i've read that book on VSA techniques, and have begun to code up some indicators to see if I can get some good signals out of it.
I have been thinking about biting the bullet and purchasing perhaps one of these professional packages (such as TradeGuider) so I can view these signals...
however I do like the ninjatrader way of coding, backtesting and optimising - and like learning the theory behind the indicators too, so I know exactly what's going on. - it's cheaper too
So I just thought i'd get your opinion (AND other people's) that use these professional packages with inbuilt indicators to see if they think its worth it...
and if so, which packages they use and which indicators they find to be the most useful.
thanks
Daniel
Timmy
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Thanks for the chart tech - re the quality of the picture, clicking on it will open it in a new window (in a new tab on the Firefox browser I am using) and clicking on the image in the new window/tab will increase its dimensions even more to make it crystal clear!
Hi
Thanks Tech/a for that. Looks like a downtrend on viewing the chart. Volume was just above average. Bar closed at the top end of the bar at 0.15.
Still trying to work this through my mind over the last months activity to interpret the bars..and the Pro money coming in.
Guess having the program does it all for you.....something to think about
Cheers
SG
Thanks Tech/a for that. Looks like a downtrend on viewing the chart. Volume was just above average. Bar closed at the top end of the bar at 0.15.
Still trying to work this through my mind over the last months activity to interpret the bars..and the Pro money coming in.
Guess having the program does it all for you.....something to think about
Cheers
SG
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