[VSA] Volume Spread Analysis Part II

[erierambler]

	Quote:	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.

I can give an opinion , but it is biased to way I trade and wouldn't work for others to follow. That said, I don't focus too much on bar by bar analysis but look at price as a movie from left to right. Not saying bar by bar is good to see, but demand and supply can come in at any time and change things. One must be ready to accept that. Price is going to resolve itself here, one way or another and it behooves one to be ready for it.
erie

[tawe trader]

Hello Mr erierambler,

Any chance you could change your avatar ? your spider freaks me out somewhat

I know it's not going to jump out and bite me from the screen but to us Arachnophobics it's a bit ...................

You talk/write good stuff so I wouldn't want to skip through any of your worthwhile posts.


Cheers
from a spider-fearing trader than won't ever visit or live in Australia due to the above phobia !!

[jjthetrader]

I had a request for the Joel video unzipped so here it is:
http://www.traderslaboratory.com/fileshare/38649

[lrabovetskiy]

Hello everybody,

I am relatively new to VSA and I want to ask you experts a question.
Attached is a EURUSD daily chart. I missed a trade here. Could you please tell me when I had to go long on the last swing started at point 1? I didn't see any obvious signal until it was too late but I am probably missing something important.

Thank you very much,

Leonid

[jjthetrader]

	Quote:	lrabovetskiy
	Hello everybody, I am relatively new to VSA and I want to ask you experts a question. Attached is a EURUSD daily chart. I missed a trade here. Could you please tell me when I had to go long on the last swing started at point 1? I didn't see any obvious signal until it was too late but I am probably missing something important. Thank you very much, Leonid

Hi Leonid, this is just a quick recap of what I saw at first glance. You're in an uptrend, higher lows on the swings. You get that big down bar that closes off the low with the next bar up (the area you marked as 1). This confirms buying on the downbar. A couple bars later you get what appears to be a test. You could have gone long after the test was confirmed. It's totally personal where one gets in. You said by then it's too late but a decent strategy is to buy high and sell higher, not necessarily buy low sell high. By waiting for confimation you don't get the best enty price but you do get more confidence.
Hope it helps.

[dandxg]

	Quote:	Soultrader
	Please see todays ES video. Thanks

Thanks again James nice video, good examples, and nice entry examples too.

[dandxg]

	Quote:	lrabovetskiy
	Hello everybody, I am relatively new to VSA and I want to ask you experts a question. Attached is a EURUSD daily chart. I missed a trade here. Could you please tell me when I had to go long on the last swing started at point 1? I didn't see any obvious signal until it was too late but I am probably missing something important. Thank you very much, Leonid

Trying to buy bottoms and sell tops is tough. Even Gavin and the expert himself Tom Williams said that today. Today I tried to sell what I thought was the top on the Euro at 1.4787 and got stopped out for -10. I think it much easier to buy a pullback on lower volume whether it be in a confirmed uptrend or downtrend. Often I find, because I use fib too, that these correspond to fib ratios. The stronger the uptrend vice versa the more you get these pullbacks to about 38% on lower volume. What I was reminded today from TG was that I should be looking at higher time frame first, 240 min, then 60, then 15 or 5 for entry. If I had looked at 240 there is no way I would have sold because there was no reversal showing on the 240 min to propel the downside action on the lower time frame chart. I can't post right now, but should be able to next week, long story. Hopefully this makes sense and helps you a bit.

[thrunner]

	Quote:	jjthetrader
	I had a request for the Joel video unzipped so here it is: http://www.traderslaboratory.com/fileshare/38649

Thanks for the video, I think However, we really didn't needed to hear "next slide please" and waited 30 seconds and then "Gavin, did you hear me, next slide please" I don't think we needed to hear "you will make obscenely amount of money" either. There is some truth to what he presented, but this video really has zero technical content as to setups until about 35 minutes into this 41 minute video, and all of that was about following the Tom Williams' Trade Guider indicator.

I did learn, however, that Richard Ney was a good looking guy, no wonder he was a Hollywood actor.

erierambler, a hint for your next avatar ?

[speres]

	Quote:	erierambler
	I can give an opinion , but it is biased to way I trade and wouldn't work for others to follow. That said, I don't focus too much on bar by bar analysis but look at price as a movie from left to right. Not saying bar by bar is good to see, but demand and supply can come in at any time and change things. One must be ready to accept that. Price is going to resolve itself here, one way or another and it behooves one to be ready for it. erie

correct erie, if you trade bar by bar your gonna get caught up in a hell of a cob web.......
I think your avators great btw

[Bearbull]

	Quote:	thrunner
	Thanks for the video, I think However, we really didn't needed to hear "next slide please" and waited 30 seconds and then "Gavin, did you hear me, next slide please" I don't think we needed to hear "you will make obscenely amount of money" either. There is some truth to what he presented, but this video really has zero technical content as to setups until about 35 minutes into this 41 minute video, and all of that was about following the Tom Williams' Trade Guider indicator. I did learn, however, that Richard Ney was a good looking guy, no wonder he was a Hollywood actor. erierambler, a hint for your next avatar ?

Have seen a couple of webinars by this guy now, a colleague sent me this link:
http://www.elitetrader.com/vb/showth...ebastian+manby

Has anybody asked if he trades with realmoney in realtime? or is it they he has mastered the art of creating an illusion of trading in realtime i.e put up a live chart, baffle the students with a lot of bull, let a few bars pass by and then point out what should have been or could have been an entry and profit. the students are left with a feeling that was a realtime call