Simulated/Hypothetical trades

[AlterEgo]

if I'm going to continue using VSA. I'll need to sort it out in Amibroker.

You may not be aware of it, but there is a version of VSA written for Amibroker. Karthik Marar from www.vpanalysis.blogspot.com wrote it, but the link from that website appears to be dead at the moment. It's available on 4shared.com though. Try http://www.4shared.com/file/QHsclq7a/VPA_V11.htm

I haven't used it myself yet, so let me know how you go with it.

 

[pavilion103]

You may not be aware of it, but there is a version of VSA written for Amibroker. Karthik Marar from www.vpanalysis.blogspot.com wrote it, but the link from that website appears to be dead at the moment. It's available on 4shared.com though. Try http://www.4shared.com/file/QHsclq7a/VPA_V11.htm

I haven't used it myself yet, so let me know how you go with it.

Mate, that is sensational.
I'm not sure how to remove the "open" from the bar so that is only has the high, low and close but I posted this in the Amibroker thread.

This chart is really fantastic though for someone like me starting out and points out some obvious things that I may have missed by just looking at it on my own.

Thanks

 

[pavilion103]

How does this one look?

Explanation on the chart.

(in addition, how does the stop loss look? Is it much too far away at 10.37%? I'm not sure where else to put it other than just below the support line)

Also, how does the layout of my analysis look? Does it summarise the trade well for someone to be able to read it and make sense of it? Or is there too much analysis? (obviously some of those numbers are zero because the price hasn't moved yet)

 

[tech/a]

Yes be very very careful.

The code used for VSA that I have seen and written for Amibroker is often in correct.
it was written by someone who didn't have a sound understanding of the method.

Often signals are generated by a combination of bars and volume--this was missed by the author.

What do the red arrows represent in the chart above?

There are so many points noted on that VSA chart how the hell do you read it???

 

[pavilion103]

I had a couple of concerns with this one:

1. Not sure where to put the stop loss. I put it 1 tick below the low of today's close (which is also just below the resistance/support level)

2. Should I be concerned about the overhead resistance (top orange line)?

 

[pavilion103]

Mate, that is sensational.
I'm not sure how to remove the "open" from the bar so that is only has the high, low and close but I posted this in the Amibroker thread.

This chart is really fantastic though for someone like me starting out and points out some obvious things that I may have missed by just looking at it on my own.

Thanks

Ok I sorted it out. I've removed the open bar and also added some code to make the background black to I can actually see it a bit clearer with all those bright colours. Let me know if you need a hand

 

[tech/a]

Both trades taken too early in my opinion.
There is no proof that there is a breakout.
High volume at a point/area of resistance
needs to be proven.

 

[captain black]

if I'm going to continue using VSA. I'll need to sort it out in Amibroker.

It may have been mentioned somewhere else so apologies if it has, but there's an Amibroker VSA yahoo group worth subscribing to if that's the/a direction you're heading. There's some great code in the "files" section along with the VSA code for Amibroker mentioned earlier in this thread.

http://finance.groups.yahoo.com/group/Amibroker-VSA/

 

[pavilion103]

Yes be very very careful.

The code used for VSA that I have seen and written for Amibroker is often in correct.
it was written by someone who didn't have a sound understanding of the method.

Often signals are generated by a combination of bars and volume--this was missed by the author.

What do the red arrows represent in the chart above?

There are so many points noted on that VSA chart how the hell do you read it???

Ok I will be careful when looking at it.

Red arrows on the chart are simply when it breaks below the 2xATR moving average (I should remove the arrows if I can work out how to, I probably don't need them to be honest)

I have no idea what some of the stuff on the VSA chart is. All I am using it for is the bars and the notes on "volume, spread, close" and general notes which may get me thinking a bit of things I hadn't considered.

 

[pavilion103]

Both trades taken too early in my opinion.
There is no proof that there is a breakout.
High volume at a point/area of resistance
needs to be proven.

Ok. Based on your advice I need to make sure:
1. I don't analyse a bar in isolation (which I have been trying to do now)
2. Don't enter a trade too early simply because it broke through a resistance level on high volume.

I guess it depends on price action in the next few days, but as a general rule, would a large number of trades either be confirmed or rejected the following day or two (in both of these chart examples?)

 

[pavilion103]

It may have been mentioned somewhere else so apologies if it has, but there's an Amibroker VSA yahoo group worth subscribing to if that's the/a direction you're heading. There's some great code in the "files" section along with the VSA code for Amibroker mentioned earlier in this thread.

http://finance.groups.yahoo.com/group/Amibroker-VSA/

Thanks Captain Black. I'll take a look mate.

 

[tech/a]

Ok. Based on your advice I need to make sure:

(1) dont use amibroker VSA formulas they are wrong.
(2) learn how to trade VSA before you plot it on charts.
(3) If you really must plot it on charts buy the real stuff
Tradeguider or even better wait for Todd Kruger's new software.
(4) keep at it only 9950 hrs to go.

 

[captain black]

Thanks Captain Black. I'll take a look mate.

No probs, all the AFL code in the files section is open and publically available so is easy to customise to whatever you may need and you'll find the group quite open to discussion.

 

[pavilion103]

(1) dont use amibroker VSA formulas they are wrong.
(2) learn how to trade VSA before you plot it on charts.
(3) If you really must plot it on charts buy the real stuff
Tradeguider or even better wait for Todd Kruger's new software.
(4) keep at it only 9950 hrs to go.

What do you mean by (2)? Are you saying I need to be able to make my own judgements in terms of volume, spread, the meaning of bars in conjunction with the previous few bars, identifying uptrusts etc..?

I don't really feel that I need to plot them. I'm just trying to work out how best to learn it. Are you saying it's more useful for my education if I can try to identify strength and weankess first without the relying on the program?

 

[Wysiwyg]

I had a couple of concerns with this one:

1. Not sure where to put the stop loss. I put it 1 tick below the low of today's close (which is also just below the resistance/support level)

Greetings.

Am interested in the AFL for the boxes below. Have not seen that anywhere but it looks like something from Brian at Tipster Trendlines. Am hoping you can direct me to the AFL please.

 

[pavilion103]

Greetings.

Am interested in the AFL for the boxes below. Have not seen that anywhere but it looks like something from Brian at Tipster Trendlines. Am hoping you can direct me to the AFL please.

Hey mate,
Those boxes are actually part of an excel file that I created myself, that I track my simulated trades in (I am just starting out).

The screen shot is simply a cut and paste. I took a screen shot of the Amibroker chart and then pages the cells from my excel file on top of it . So no Amibroker formula or anything for.

 

[tech/a]

What do you mean by (2)? Are you saying I need to be able to make my own judgements in terms of volume, spread, the meaning of bars in conjunction with the previous few bars, identifying uptrusts etc..?

I don't really feel that I need to plot them. I'm just trying to work out how best to learn it. Are you saying it's more useful for my education if I can try to identify strength and weankess first without the relying on the program?

Yes Of course.
There is no better computer than the grey matter.

 

[Wysiwyg]

Hey mate,
So no Amibroker formula or anything for.

Righto then.

 

[pavilion103]

This is a trade I did NOT take.

I'm more interested in working out where I would place a stop loss had I taken this trade. The level of resistance is too far away (11.6%). The red line represents 1 tick above the low of the previous day (5.3%).
I am struggling to get my head around where to place stops. At the moment I've only been placing them just behind support/resistance levels.

 

[pavilion103]

I'm very interest in trying to work out this one.

Big up day on high volume with a very wide spread, followed by an upthrust on high volume which then failed to continue downward. I'm not sure what it means that the last bar was on high volume (this bar seems bullish to me). I'm not sure how to interpret these 3 bars in conjunction with one another.