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So what am I getting myself into?

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Lol. I really thought you had a V8 Supercar... I even thought of googling ex-V8 car drivers named Barney. But I better things to do

Anyhow, $50k is not the answer to success, and neither is $1k.
 
Anyhow, $50k is not the answer to success, and neither is $1k.
Click to expand...

Undercapitalization isnt a pre curser to success either.
Other than Luck.
I dont know of any other road to success with a K or So.
Please enlighten me.
 
Well
If I had ONLY $1000.

Perhaps surprisingly

Id be very short term trading.
Momentum trades in small caps
with tight stops. Very short term
Day or a few day trades.
1 at a time.
Re investing profit.

Here is some of todays flyer's---a couple here with some great volume
Id dis guard the really low volume prospects.

Sure you have to learn what to look for set up---both in and out of a trade.
But worth doing.

IN/OUT/GONE.


 

you would have to get good at reading volume.

Alot of the ones i have seen jump quickly cant really maintain.

How can you be sure that you are buying on the climb and not at the peak?
 
There certaintly are ways of detecting opportunity and there are ways of detecting exhaustion.
You would need intraday data though.
You would need a few 1000 hrs study of VSA and some more perhaps 1000 hrs reading charts.
It does become pretty obvious.

Here is an example Ive been trading VSA around 5 yrs.

Here is todays SPI Im trading and how Ive spotted trades and traded them.
If you look carefully youll see how and why I made decisions.

(1) Wide range bar ultra high volume.
(2) 2 bars together with higher than normal volume often indicate
exhaustion of Demand OR Supply.
(3) Decision points have more relevence at Support or Resistance levels.
Often Support and Resistance is EXCEEDED in Futures due to stops being taken out!

Click to enlarge

 
TECH/A do you use the trend cluster function in trade guider? I am just getting started withT/G.
 
There you go, T/A - you worked out a strategy suited to your style of trading with the percieved minimum starting amount of 1K. Awesome
 
No.

I find a lot is bells and Whistles unfortunately purely because the general public (And a lot are sold to the Asian Countries) like lots of indicators and lines.

The Diamonds are nothing more than an M/A---disappointing Eh!
 
So you use only OHLC bars and volume? That is pretty awesome man - a definite display of experience.

Lol, maybe those others are like me and feel smarter while using stochasitcs, M/A and MACD Volume ofcourse
 
TECH . Yes I guessed the diamonds were MA. After having read some of your older posts onVSA , and read Master Markets I have been trying to use VSA to follow some stocks. But like you and others have said there is no magic bullet. However VSA does explain a lot of price action that was previously a complete mistery. Do you find VSA throws more light on stocks with high volume rather than thinly traded?Any hints or references on VSA would be most welcome!! I have looked at a number of the other threads relating , but may have missed some.
 
LostMyShirt said:
So you use only OHLC bars and volume? That is pretty awesome man - a definite display of experience.

Lol, maybe those others are like me and feel smarter while using stochasitcs, M/A and MACD Volume ofcourse
Click to expand...

Not even Open ---not required.


Its really experience.
A lot that I use is from observation and not available in books.
Well not that Ive seen and I havent published one reciently!.

Im happy to start a thread and do some RIGHT HAND page analysis on charts thrown up.
Ill Start a VSA analysis discusssion thread.
 
TECH , Sounds good ,if you can spare the time I am sure that a number of others are interested and would value your experince on subject!!!
 
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