VSA - only useful for the bigger boys?

[white_goodman]

my uneducated guess reckons itll be an upbar on low volume which will let me get out, but only time will tell...

yeh well lacked effort getting up to the line so i got out at 1.5 times my risk, ill have a look for a test on low volume over the week.. or a double bottom/ stopping volume at $40

 

[MRC & Co]

Well you would prefer the second bottom to form on lower volume. Just as you would with a double top. Sellers have been satisfied, now free to move up. Just as with a double top, the first top on high volume shows distribution and the second push on low volume shows a lack of any bullish demand to keep it pushing on. Path of least resistance is then in the opposite direction.

Though, may just consolidate now, either way, has a lot to do to proove bullish IMO. Not to say it won't. US IBs results soon yeh? Will probably have a big effect on MQG. Not a good time to trade IMO. Best to stay on the sidelines with this one.

 

[tech/a]

Hello everybody,
This is my second post...and i ll like to tell you that VSA [ VPA ] has been coded in amibroker by Mr Karthik..and i found it is advance then TGuider SW ..chart with brief explanation of bar to bar has been nicely explained ...you can watch /check vpanalysis.blogspot ...and with it can be coded by senior members of this forum because Mr Karthik has explained very nicely ..
Thank you all

I have been had a look at Karath's thread and he has put in a lot of work.
However some of his understanding of VSA is flawed. While a lot is excellent and no doubt his effort is immense,Id be a little wary if you dont have a VSA grounding.

There is another excellent work on VSA by a competing Forum so I wont post the link here however if anyone would like the link just private mail me. You'll have to join their forum to get access---no its not Radges site.

 

[white_goodman]

geez macquarie was kind to me, long up to the resistance, then shorted then long again for todays nice 15% rise...

unfortuneatly my charts arent working atm but i think weve got over resistance and a potential up move may take place... heres hoping

 

[tech/a]

I have been had a look at Karath's thread and he has put in a lot of work.
However some of his understanding of VSA is flawed. While a lot is excellent and no doubt his effort is immense,Id be a little wary if you dont have a VSA grounding.

There is another excellent work on VSA by a competing Forum so I wont post the link here however if anyone would like the link just private mail me. You'll have to join their forum to get access---no its not Radges site.

Need a bit of help.
Computer had a headache and Ive lost this link---actually both of them.
I sent them to some of you--can you private mail me with them please---ta muchly.

 

[tech/a]

Thanks team.

 

[JackJackJack]

Is it possible to get more than one technical indicator window up in tradeguider?
If I have a MACD up and then select RSI - it overlays the RSI over the MACD

 

[Wysiwyg]

Hello everybody,
This is my second post...and i ll like to tell you that VSA [ VPA ] has been coded in amibroker by Mr Karthik..and i found it is advance then TGuider SW ..chart with brief explanation of bar to bar has been nicely explained ...you can watch /check vpanalysis.blogspot ...and with it can be coded by senior members of this forum because Mr Karthik has explained very nicely ..
Thank you all

Yeah I found that site. His thoughts on VSA are below in the PDF for anyone interested.

I know most of you are eager to get straight into the core of VSA. But let us lay some foundations before building the blocks of VSA. First thing is of course to understand a little more about working of Smart Money (hereafter we will just use the term SM to indicate Smart money).
The SM basically moves the market in four phases as follows
1. Accumulation
2. Markup
3. Distribution
4. Mark Down
Most of you may be fully aware of these. Still we will look at these phases more in details as this would help us to understand the SM operation better which in turn would give a better perspective to VSA.

 

[tech/a]

Thus we came up with our own interpretation of the “Volume spread analysis”.
Please do not start comparing my description with the ones that may be available from the net. I have used some basic stuff from Tom Williams’s book and have built on it. Here we are not trying to clone the Trader Guider system.

Trade this version at your own peril.

One thing is certain that the availability of basic information on VSA is scarce.

Yeh if you dont want to pay for it like everyone else

Our intention in this thread will be to explore the basics so that each one of us can arrive at our own convenient VSA analysis.

A free one which fits for us.

First thing is of course to understand a little more about working of Smart Money (hereafter we will just use the term SM to indicate Smart money).
The SM basically moves the market in four phases as follows
1. Accumulation
2. Markup
3. Distribution
4. Mark Down

Basic Weinstein. This is simply the moving of any market.

In reality it could be more complex and many a time difficult to decipher.

Often the case when you dont understand something.

Ive read this guys paper.
It really reads as a novice attempting to reverse engineer VSA.
He makes many assumptions that are way off the mark.

Much care is taken not to make it visible. Volume is never too high. Prices are support at certain levels so that there is no panic.

Eg Contradiction

High volume Upthrust are a sure indication of weakness, higher the Volume the stronger the indication. It may be even wise to get out of the stock if the Upthrust has ultra high volume.

Pseudo upthrusts

Love this one. Doesnt have volume so cant possibly be an upthrust so lets invent something. What rot!

Has little understanding of a No demand bar as do most who have "self taught"

As you can see its a pretty poor example of "No Demand"
Price goes vertical in a less than a week.

CLICK TO EXPAND



And so it goes on.
This VSA has a
"Made In India" label the quality is a poor copy.

 

[Wysiwyg]

Something to ponder if TradeGuider software gives anyone the gotta have it now urge.

Someone once said that only half of his huge advertising budget ever worked. The problem was that he never knew which half.

I suspect that trading methods, including VSA, are similar. They are valid in some circumstances, but not in others. The problem is in knowing when.

The difficulty comes when they are seen by their devotees as something aproaching infallibility all of the time (c.f. Dow, Gann, Elliott as well as the hundreds of individual indicators that are slavishly followed).

My principal objection to VSA as espoused by TradeGuider is the paranoia which apparently underpins its validity as a system. These are the claims of consistent and continuing manipulation of the market in the company's marketing efforts, which are reinforced by Gavin's screaming e-mails and in his presentations.

Market manipulation is a reality but I very much doubt that it is as all-pervasive as TradeGuider would have us believe.

The degree of manipulation on which TradeGuider seems to be premised may have had some validity in the days of Wyckoff or even for Tom Williams when he was younger, and to some extent it may still be the case today in the US. However, to my mind, the villain is less the Smart Money (whatever that means) than the actions of market makers.

With some simple knowlege of VSA interpretation, I find that this can occasionally be helpful. This is more acceptable to me than paying c. $2000 for TradeGuider (or listening to Gavin again ) .

 

[tech/a]

Originally Posted by Pronto
Someone once said that only half of his huge advertising budget ever worked. The problem was that he never knew which half.

I suspect that trading methods, including VSA, are similar. They are valid in some circumstances, but not in others. The problem is in knowing when.

In fact any form of analysis.
Experience in application suppies the answer and result.

The difficulty comes when they are seen by their devotees as something aproaching infallibility all of the time (c.f. Dow, Gann, Elliott as well as the hundreds of individual indicators that are slavishly followed).

The real difficulty comes to those who dont understand the analysis (Any analysis) and its application that THEY cant understand how to trade in anticipation of a move in a profitable way.

My principal objection to VSA as espoused by TradeGuider is the paranoia which apparently underpins its validity as a system. These are the claims of consistent and continuing manipulation of the market in the company's marketing efforts, which are reinforced by Gavin's screaming e-mails and in his presentations.

If you understood VSA you'd realise its not a system.You'd also realise that the market is indeed moved by the big players and all the time. Learn how to read what they do and their cause and effect on an instrument and how to apply it to trading and you'll have an edge.

Ive met Gavin had a beer and a few laughs. A truely passionate guy. I certainly agree his presentations leave Aussies for dead,he may have a great product but he has a lousey way of selling it.

Market manipulation is a reality but I very much doubt that it is as all-pervasive as TradeGuider would have us believe.

Yeh it is.

The degree of manipulation on which TradeGuider seems to be premised may have had some validity in the days of Wyckoff or even for Tom Williams when he was younger, and to some extent it may still be the case today in the US. However, to my mind, the villain is less the Smart Money (whatever that means) than the actions of market makers.

Who cares as long as I can read it.

With some simple knowlege of VSA interpretation, I find that this can occasionally be helpful.

With sound knowledge I find it ALWAYS profitable.

This is more acceptable to me than paying c. $2000 for TradeGuider (or listening to Gavin again ) .

You may. I paid the $2k and made that on my first trade.
Yeh I must admit that Ive tuned out (Fast forwarded) many of Gavins Intro's just to get past the blurb.

I find it interesting that people are so keen to side step the genuine article and settle for far inferior self taught product for the sake of a few bucks.
If $2k or $20K is too much then your NOT a serious player.
Its like these guys who want free everything.
Its worth as much as they pay for it.

But hey I'm a happy customer.