[VSA] Volume Spread Analysis Part II

[CandleWhisperer]

I took this pic of Soultrader's chart from the es video on a previous page. I hope he does not mind.

Just looking at the right edge of the chart, I am trying to figure out the vsa bars with the arrows.

From left to right:

1. Up thrust. Buying bar that closes on its low with increasing volume.

2. No demand. Narrow range bar that closes up from prior bar with volume less than the previous two bars.

3. Transfer of ownership bar. Increased volume on an up bar that closes in the middle of its range with weakness in the background.




For you Pros out there, am I close?

[CandleWhisperer]

	Quote:	jjthetrader
	..... It feels like some of the old has been cleared away to allow others a chance to contribute and I must say I find you guys, real traders, much more helpful in reading VSA then the hindsight analysis/methodology that we were getting used to.

JJ:

I managed to save a few screen shots from PP from other sites and this one. I have been studying his posts diligently. I have gone so far as to set up my charts exactly like his/hers. Are you saying he or she was not a real trader? I would hate to be trying to emulate a keyboard jockey.

[monad]

Do not know whether the person in question(being an expert in VSA) trades in realtime or not, but there was no evidence of that on the thread via the posts , infact the only guys who came in straight with their realtime trades were piggyback and sheptrader and it looks like from the paucity of any recent posts by them, that it has dawned on them that they have nothing much to gain here. Hope they come back, could certainly use their help with our learning curve

[jjthetrader]

	Quote:	CandleWhisperer
	JJ: I managed to save a few screen shots from PP from other sites and this one. I have been studying his posts diligently. I have gone so far as to set up my charts exactly like his/hers. Are you saying he or she was not a real trader? I would hate to be trying to emulate a keyboard jockey.

Like Monad said, nobody really knows if PP actually traded. He may have, he may not have.
His theory was sound and his hindsight analysis was good. So if you're able to emulate that simulated trading style in real time then you're in a good position. I would encourage you to try and trade that way because it's textbook VSA, literally.

As for PiggyBack and Shep, they're good guys. Unfortunatly they can't share their know-how. It's really too bad because I'm sure they could help a lot of people out. But in the spirit of them not helping out I feel like sharing.
Here's a video of their Mentor , Joel Pozen, that he did for tradeguider in '04. It's not copy written and if anything if promotes tguider so it should be 'safe' to post. If it gets taken down just PM me for a link.
http://www.traderslaboratory.com/fileshare/160385

CandleWisperer, you've got those bars labeled correctly. Bar 3 is iffy as to what you'd call it. Let's just say a weak bar after weakness. That's how I like to see these things sometimes. Keep it simple.

Good trading.

[jjthetrader]

After you watch the Joel video here's a recent example on the ES of what he was talking about. It's the game the pros play.

[jjthetrader]

Here's a bit of what I'm learning about looking to the background. This is a chart of the ES. Price seems to be at a very interesting level.
Are we reaccumulating in all this mess today? I'd love to hear people's opinions.

[NAVEEVIa]

Hi everybody,
I am reading the earlier thread on VSA, i notice that PP has emphasized a lot about low volume signals like test/no demand inside the body of WRB or high volume area.
It seems to me a WRB on volume profile will most likely show low volume on volume profile, MP will say Low volume areas to act as support/Resistance area , My question is can we use concept of low volume signal in high volume area on volume profile i.e. a test or no demad appears at the developing PVP?
Anybody has any experience on that,
Good trading
Naveen

[jjthetrader]

Sorry Naveen, I'm not into Volume profile per se.

To follow up my earlier post, that zone obviously was accumulation. Now we're going to see the markup and distribution.

[Bearbull]

Great thread , I am new here but not to trading via price/vol (VSA) etc.
Great charts JJ ,
listened to the Video by Tom Williams & Joel. Thanks for putting it up here .

[jjthetrader]

	Quote:	Bearbull
	Great thread , I am new here but not to trading via price/vol (VSA) etc. Great charts JJ , listened to the Video by Tom Williams & Joel. Thanks for putting it up here .

No problem. Great to have you here. Looking forward to your perspective since you've been at price/vol for while.
cheers