white_goodman
BOC
- Joined
- 13 December 2007
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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
my uneducated guess reckons itll be an upbar on low volume which will let me get out, but only time will tell...
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.
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 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.
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.
One thing is certain that the availability of basic information on VSA is scarce.
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.
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
In reality it could be more complex and many a time difficult to decipher.
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.
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
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) .
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.
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 ) .
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