[VSA] Volume Spread Analysis

[monad]

	Quote:	sleepy v2
	Hi Monad, I didnt attend saturdays seminar ... but you can you please elaborate on what you mean by the above comment. Second, was their any mention of the Tradeguider Upgrade that Gavin was constantly referring to during Oct-Dec? Or about their customer only forum that is supposed to now be up and running? sleepy

The event was supposed to be for TG customers who were asked to send in charts with questions. I sat with a colleague who owns TG, many customers were unable to get in as they filled the room with non-customers who paid a small fee. Then instead of getting on with addressing the charts , we had over 100minutes of Gavin with his slides rattling on about what is trading, what is VSA and what it is not etc as if he had an audience full of kids, who had bought TG at a cost of over $2000 without knowing what trading is all about.

As for the TG software they have been promising an upgrade for the past 4-5yrs and do not hold your breadth if any ongoing announcements are made in this respect, it is a 2-3men operation and now in the processing of glossing up the website, prior to this there was supposed to be a website University nothing has materialised., My friend has continuous problems with the live price cursor which keep disappearing, as to the VSA indicators, plus if you observe these VSA indicators, they appear all over the place depending on the timeframe you are trading, in a strong downtrend, you will keep getting signs of strength which can completely throw you our, same with a strong uptrend.
One can operate with a normal charting package which plots bars and vol and
trade with Wyckoff's principles. The key is to identify the supply/demand signals and construct setups as per Vadym Graifer and create your own edge.
check out the ltg-trading site and have a look at the charts, you can learn a lot from that.
good luck

[monad]

	Quote:	mister ed
	Monad - that is great information thanks, be very worthwhile for people interested in VSA to co have a look at. VSA is a subset of Wyckoff analysis. Have a look to at the recent postings of gassah too, he runs a Yahoo group focused on Wyckoff analysis, he has posted some good info and links also.

would appreciate the link

[jjthetrader]

True, the TG software does throw up signals everywhere but that is because it's incapable of reading the background. Even Tom says to ignore the signals if you've got strength or weakness in the background.

No TG event has ever been as good as it's hyped up to be. Gavin is always promising things and never get to them. It's just how it is. He's a great marketer.

Vadym gives you setups but you've still got to make them your own. I read the book and it helped but I've still crafted my own entries and exits combining everything including TA (not tits and ass).

[mister ed]

	Quote:	monad
	would appreciate the link

The Yahoo group is at http://finance.groups.yahoo.com/group/Wyckoff-SMI/

[Tasuki]

	Quote:	monad
	The event was supposed to be for TG customers who were asked to send in charts with questions. I sat with a colleague who owns TG, many customers were unable to get in as they filled the room with non-customers who paid a small fee. Then instead of getting on with addressing the charts , we had over 100minutes of Gavin with his slides rattling on about what is trading, what is VSA and what it is not etc as if he had an audience full of kids, who had bought TG at a cost of over $2000 without knowing what trading is all about. As for the TG software they have been promising an upgrade for the past 4-5yrs and do not hold your breadth

For me, the most disturbing part of Tradeguider's marketing strategy is the fact that Gavin has quite insightfully figured out that Asia is the new "main event", where their up-and-coming prosperity is breeding a massive population of inexperienced traders who swallow Gavin's sales pitch hook line and sinker. In my estimation, the folks at TG see no economic reason to upgrade their software (I found it intolerably buggy when I tried it), because they have literally millions of potential customers throughout Asia who are as gullible as they are inexperienced. Why bother upgrading the software when you can just swell your ranks with newbies from other countries? I really feel for the Asian traders who are being taken for suckers.

[dandxg]

I have been studying P/V full time for the last 3 months approx. I definitely helps. I like Graifer's book, but I have found the most useful thread from db phoenix on ET. It's here. http://www.elitetrader.com/vb/showth...6&pagenumber=1

The reason I suggest it is because it has a lot of nice chart with different market structures, more pics than MTM or Graifer's book. I bought TG's bootcamp, it's good, but it's crummy that they will only let you use it on 1 computer! I am not trying to burn copies I just like to travel with it, on a plane or so. I feel that the $50 they ask for a webinar is frankly excessive. No one else I have received instruction charges that for ongoing webs, esp. after I just spent $500 with TG. BTW Sebastian does fairly regular updates for free on ET, look him up as VSA trader, just like Trade2win dot com. For now I am just focusing on retests of high or lows and pullbacks with the correct corresponding volume. I plan on attending LTG's free webinar thing in 1/2 hour.


For those of you better at Wyckoff than I, can you remind me of the importance of a level close on a test bar?

Anyway just wanted to drop in since I have been lurking on this thread for some time without posing. It's a nice thread on PV

P.S. A couple of other sources you can see P/V education is Hank Pruden and Tom O'brien ( he has a fee radio show for stock tfnn dot com ). And no I am not an affiliate of anyone's just trying to help where I may. Good trading to all of you.

[Anonymous]

	Quote:	dandxg
	I have been studying P/V full time for the last 3 months approx. I definitely helps. I like Graifer's book, but I have found the most useful thread from db phoenix on ET. It's here. http://www.elitetrader.com/vb/showth...6&pagenumber=1 The reason I suggest it is because it has a lot of nice chart with different market structures, more pics than MTM or Graifer's book.....

Nice of you to join us. I have stated on one of these many pages that the best thread on the internet bar none is this one. Everyone should take a look at it. However, I sure hope we get back to VSA soon and end the TG bashing (and you know how much I hate TG)....

[monad]

	Quote:	Tasuki
	For me, the most disturbing part of Tradeguider's marketing strategy is the fact that Gavin has quite insightfully figured out that Asia is the new "main event", where their up-and-coming prosperity is breeding a massive population of inexperienced traders who swallow Gavin's sales pitch hook line and sinker. In my estimation, the folks at TG see no economic reason to upgrade their software (I found it intolerably buggy when I tried it), because they have literally millions of potential customers throughout Asia who are as gullible as they are inexperienced. Why bother upgrading the software when you can just swell your ranks with newbies from other countries? I really feel for the Asian traders who are being taken for suckers.

You are spot on Tasuki, It was sickening to watch that Malaysian Video, as you say all those gullible suckers nodding their heads at every word of Gavin who has no previous trading experience whatsoever, apparently they love any westerners with a gift of the gab. Todd was largely responsible for keeping the company afloat in US. Whilst he was around, Sebastian was dumped, Tom Williams is Chairman in just a name, Gavin is the real opportunist running the show. After Todd was gone he looked around for support, found Nick Radge in Australia and saw an opportunity in the East. Now once again he has enticed Sebastian and Tom back into the game, 3 seminars/retreats during April, aim for 100 attendees, average cost of $2500, do your maths,
why bother with any upgrading the sloppy TG for the existing customers

The customer event last saturday frankly was a total fiasco.

[BlowFish]

	Quote:	Seb Manby
	Hi Folks Please find todays ES Analysis for tuesday 8th Jan 08, I have managed to get the file size down without losing too much quality. Regards Sebastian Happy new year and a profitable one too, to you all.

Quality was great! Interesting day too. Particularly like that you did not 'sugar coat' things. Often happens that price can carry that little bit further on low volume (just enough to stop me out with the other weak holders!) before finally cracking. Also the fight between bulls and bears can be fairly even before one side wins out.

Cheers.

[jjthetrader]

	Quote:	dandxg
	I bought TG's bootcamp, it's good, but it's crummy that they will only let you use it on 1 computer!

If you own the original you can play it on any computer. It plays on all my computers fine.