[VSA] Volume Spread Analysis

[TinGull]

From what I've read and heard from others (pivotprofiler mainly) tick volume on Forex is a fine way to use VSA in those markets.

[jjthetrader]

	Quote:	Hawkeye
	Is VSA suitable for forex trading, since the volumes shown on the charts are really only 'ticks', or transactions, not size? tech/a, I am in Australia too. Would you please shed some light on my above question, which has made me wonder ever since I came across VSA, and TG people have not been responsive to my enquiries. Thanks in advance.

Yes VSA works with Forex. Esignal has something called indicative volume for Forex. You can still measure professional activity by this. I suggest you contact esignal about what this is and how it works.

[RAVIN]

	Quote:	Hawkeye
	Is VSA suitable for forex trading, since the volumes shown on the charts are really only 'ticks', or transactions, not size? tech/a, I am in Australia too. Would you please shed some light on my above question, which has made me wonder ever since I came across VSA, and TG people have not been responsive to my enquiries. Thanks in advance.

When Todd Kruger was around at Tradeguider, his focus was primarily on Forex and held seminars almost weekly on that, the ticks represent activity which is volume, in that respect the footprints of smart money will be reflected in that and esignal provide the tick data.

If you can get hold of the Bootcamp CD, you will be find a whole section devoted to Forex will comments from Tom Williams.
Hope this helps

[BlowFish]

has Todd parted company with Tradeguider? I guess so as you write in the past tense. Was it all amicable?

[Turning Point]

Yes. Todd resigned from Trade Guider. I dont know if it was amicable.

[Hawkeye]

Todd is supposed to be the one more in tune with VSA, and he used to demonstrate the software using forex; and Gavin being the CEO is more inclined towards marketing. Now that Todd has left TG who else in the company can we look to for advice and clarification?

They list 4 office phone numbers in Chicago, London, Hong Kong and Sydney. I called each one of those numbers during the respective office hours, and got recorded messages every time, with Gavin saying he would get back to me. The last 'Weekly Video' showed gavin in Malaysia marketing the software. Emails are also generally ignored.

The software are supposed to be requiring update as well. It's a pity because from the discussion at Traders Laboratory it seems that VSA could well work.

[RAVIN]

	Quote:	Hawkeye
	Todd is supposed to be the one more in tune with VSA, and he used to demonstrate the software using forex; and Gavin being the CEO is more inclined towards marketing. Now that Todd has left TG who else in the company can we look to for advice and clarification? They list 4 office phone numbers in Chicago, London, Hong Kong and Sydney. I called each one of those numbers during the respective office hours, and got recorded messages every time, with Gavin saying he would get back to me. The last 'Weekly Video' showed gavin in Malaysia marketing the software. Emails are also generally ignored. The software are supposed to be requiring update as well. It's a pity because from the discussion at Traders Laboratory it seems that VSA could well work.

Wyckoff(supply/demand) and VSA (volume/price range) principles exist in all markets regardless of who is at Tradeguider or whether the company is there or not tomorrow.
To learn the principles and their application, there is more than enough info in Tom William's book , Boot Camp CD and on this thread. Then all you require is a charting software which allows plotting of Vol. data with bars or candlesticks.
If you are really concerned with vol aspects on Forex, trading currency markets via currency futures on CME is another option, it is a regulated market and the volume reported are actual contracts exchanged. There is enough liquidity there to trade and the movement is line with the spot market, except ofcourse being a futures market there is the difference in price level with added premium. plus it can be traded on a normal broker DOM rather than through any bucket shop.

[Turning Point]

Hi Ravin,
How does Trade Guider work with real time data of e-signal. I have been told that it does not perform so well. In other words it gets stuck and you have to refresh the data. Is that correct? For such an expensive program, this should not happen. Any comments?

[jjthetrader]

	Quote:	Turning Point
	Hi Ravin, How does Trade Guider work with real time data of e-signal. I have been told that it does not perform so well. In other words it gets stuck and you have to refresh the data. Is that correct? For such an expensive program, this should not happen. Any comments?

This is not true. I've never had it occur for me. As long as your symbols are put in correctly it works flawlessly.

[Turning Point]

Hi,
When the market is a little fast, then the bars get a little little smudged. This was told to me by one of the users. Is that correct?