[VSA] Volume Spread Analysis

[monad]

So Who is providing support/teaching on VSA, now that Todd is gone. Attended a couple of live seminars, does not look as if anybody has any real trading experience, no shortage of talk though

A colleague had the software for a trial period, it is o.k, the above comments on signals via 2 or 3 bars are very pertinent to the package, so initially it does help to learn VSA with the explanations of each indicator popping up, but it is not absolutely necessary, the bootcamp CD is more helpful I am told.

[monad]

	Quote:	tawe trader
	I have attached todays FTSE Future 5 min chart. . Any thoughts anyone.

Good trading on the ftse, tried the instrument sometime back, was very spikey then.

1. How do you find you fills, and what do you think of the liquidity.
2. Which trading platform you use for trading ftse
3. Also which data feed, do they provide charting with it.

Do post some more as I am thinking of trading the instrument, what is the tick value?

[tawe trader]

	Quote:
	Good trading on the ftse, tried the instrument sometime back, was very spikey then. 1. How do you find you fills, and what do you think of the liquidity. 2. Which trading platform you use for trading ftse 3. Also which data feed, do they provide charting with it. Do post some more as I am thinking of trading the instrument, what is the tick value?

Hello monad, I'll try and answer your questions.

As I live in the UK I trade through a spreadbetting company, they do supply free live charts but there is no volume so I use Sierracharts with a DTN IQFEED, which I am very happy with. I haven't had many problems getting filled through the s/bet company and there's plenty of liquidity in the mkt. I also don't find it that spiky.

I believe the tick value or pt value is £10 through a Futures broker.

I will post some more charts (in a word doc) as I now know how to upload them to this forum.

[jjthetrader]

	Quote:	marketguy
	jjthetrader: I have been reading a good deal of this thread. There is a lot of negative things said about TG. I'd like to run a few things by you. 1. Several guys claim that signals in TG change depending on the next bar. So, a signal that looks good after the fact may not have actually been at the same spot real time. True or false? 2. How is the customer training? Do we get a lot of Todd? 3. Do you see TG as an indicator based system or are a signals just a guide to use simplify and use VSA effectively. 4. Could you get by effectively, at this point, without the signals? Thanks

1. Some "signals" appear right away and others take 2-3 bars to develop but this is VSA, confirmation is needed on a lot of them, PP was right on that. It's a multi-bar formation. For example, a test won't signal in TG unless the next bar is up even though you see a low volume down bar closing on the high.

2. Customer training now blows. There is no Todd so the only one left for teaching is the head of marketing. I was at 2 events this week and the trades made were blunders based on trends only but not VSA.

3. I have never taken a trade based on the TG signals, this would be foolish. It'll fire off a no demand even when there is strength in the background just because the bar meets the criteria of a no demand bar. But with strength in the background this is what they call a polar bear in hawaii, it doesn't belong.

4. I do get by effectively at this point without it's signals. I turn them on most of the time so the program will signal me that something has occured on a different timeframe chart then the one I happen to be looking at. I have to admit it is nice to get the confirmation that what you're seeing is in fact what you thought. It's reassurance and that gives you a bit of confidence.

TG has a lot more features than just VSA as well that I love. Trend clusters (wouldn't trade without them), Auto Pivots, relative volume bands etc. I find it visually appealing, easy to use and an overall good charting package even without VSA.

Am I happy that I'm currently paying off $2,000 for it? Yes. If I look at what it's taught me and given me it's worth that and then some. Look at what the guys at trade the markets sell their seminars for. I look at it as education.

For those that know how to use google and search places they're not supposed to surf you'd be able to obtain a working copy of the RT version to try it out but I would not endorse this.

[Seb Manby]

I have been told about this thread by a friend of mine in London. I wil post my charts and commentry for you all to read(If you like)

This week I am staying with Tom Williams, so it may be a bit hit and miss.

Regards Sebastian

[TinGull]

Welcome Seb! Are you VSA Trader on the T2W boards by chance? I loved reading those posts.

[MrPaul]

	Quote:	Seb Manby
	I have been told about this thread by a friend of mine in London. I wil post my charts and commentry for you all to read(If you like) This week I am staying with Tom Williams, so it may be a bit hit and miss. Regards Sebastian

Post away! Your input is much appreciated

[bertg]

	Quote:	Seb Manby
	I have been told about this thread by a friend of mine in London. I wil post my charts and commentry for you all to read(If you like) This week I am staying with Tom Williams, so it may be a bit hit and miss. Regards Sebastian

Sebastian,

I follow this thread and it's got great contributors.

Thank you for the analysis. I enjoyed the first edition. Please keep posting.

Pretty chart, too. Not sure I've ever seen a chart background with a gradient.

Regards,
Bert

edit: I have Adobe Reader 6, so I'm sure later versions have this feature, too: I watched the chart and listened to the narration. From my mac os 8.5 days, sounds like Bruce voice. I thought it was way cool. Do a View>Read Out Loud> and select one of the options, and see how you like it.

[Seb Manby]

	Quote:	TinGull
	Welcome Seb! Are you VSA Trader on the T2W boards by chance? I loved reading those posts.

Hi TinGull;

Yes, I use the VSATrader over at Elite and T2W.

Regards Sebastian

[RAVIN]

	Quote:	Seb Manby
	Hi TinGull; Yes, I use the VSATrader over at Elite and T2W. Regards Sebastian

Great to see you here, a close friend "Rak..." talks a lot about your expertise in this field. Besides your daily analysis, your comments and input on posts by others regarding their trade setups etc would be greatly appreciated . Majority would like to learn how to trade with reading VSA. i.e VSA is fine in identifying areas of changes in supply/demand, how can that information be used to determine entries and exits (strategy/tactics).