[Seb Manby]

Originally Posted by monad »

Tasuki,

.
( with the help of the once booted out Sebastian now branded as the world's only Chart Reading Machine(hindsight ofcourse) .ie. to fool the masses into thinking they have something unique to offer whereas all that is required is to study the original wyckoff together with the original Tom Williams "Undeclared secrets............" period......

Hi Tasuki,

A very intresting post I see that you have made. Well it is interesting that you think I can only read the market in hindsight, there are many people at the boot camp that would not agree with you, Eiger was there imputing the trades live, not me, and I called the market up from the start, and then all the way down after 12.00 PM. I even had to explain again for the video. Unless you have concrete proof that I can only read charts in hindsight, I would like to suggest to you that you refrain from this misleading banter.

http://www.tradeguider.com/emailshot...e/index_uk.htm

Also, I have been aproached by a Hedge Fund Manager who wishes to engage me as an analyst, this will happen in September, so reading a chart in hindsight is of little value to a professional trader, and this will be the most valuable insight as to how a market is manipulated I can imagine.

Regards Sebastian

[rigel]

Think what is important here is consistency. I have been in countless live seminars and watched countless vidoes (also those of Gavin etc on VSA, you tube), the presenters normally gloat over those trades which were called right, but ignore those which did not pan out with justfication with lots of other hindsight factors.
Unfortunately in a Seminar ambience, wannabie traders are all caught with that intense desire to get hold of that magic setup or indicator which will lead to fortune and subconsciously desiring that the call made by the presenter would pan out, and when it does, a general euphoria sets in. However in the privacy of their home and under realtime market conditions it all becomes a different ball game, speaking from solid experience)))

Similarly on You Tube, there are selective videos of trades(besides VSA) which pan out. There is hardly ever mention of the probability factor which is at the heart of Wyckoff's teaching.

BTW have a thorough understanding of Wyckoff's original course so no B.S here.

From what I know there is nothing magical about VSA or anyother price/volume readings out there, it is all laid out with great clarity by Wyckoff, all that is required is effort and willingness to study independently instead of relying on seminars, clubs, and expensive software.(i.e fingerholding as Linda Raschke puts it) and IMO there is enough on the Wyckoff forum on this website to get anybody off the ground and on the right path.

Even on major bull and bear turns, you observe that the major news channels would wheel out some guru who predicted that, what the public is not aware is that the same guru has been predicting a bear phase in a long bull run and another guru has been predicting a bull turn in a long bear phase., when they get it right, then they get into limelight and suck in followers for a while.

IMHO

[Tasuki]

Originally Posted by Seb Manby »

Hi Tasuki,

A very intresting post I see that you have made. Well it is interesting that you think I can only read the market in hindsight,

Sebastian,
My sincere apologies if I did indeed say that, but you do realize that this quote you quoted was from monad, not me, right? I don't THINK I said that. It doesn't sound like me. Maybe we should continue this conversation by PM, but I wanted to publicly apologize if indeed I was daft enough to say something like that, but it really doesn't sound like the sort of thing I'd say, or even think. I'm curious as a cat where that quote by monad came from.
Sincerely,
Tasuki

[monad]

Originally Posted by Seb Manby »

Hi Tasuki,

A very intresting post I see that you have made. Well it is interesting that you think I can only read the market in hindsight, there are many people at the boot camp that would not agree with you, Eiger was there imputing the trades live, not me, and I called the market up from the start, and then all the way down after 12.00 PM. I even had to explain again for the video. Unless you have concrete proof that I can only read charts in hindsight, I would like to suggest to you that you refrain from this misleading banter.

http://www.tradeguider.com/emailshot...e/index_uk.htm

Also, I have been aproached by a Hedge Fund Manager who wishes to engage me as an analyst, this will happen in September, so reading a chart in hindsight is of little value to a professional trader, and this will be the most valuable insight as to how a market is manipulated I can imagine.

Regards Sebastian

If all the Hedge Fund managers and their analysts were more savvy that rest of us, most of these funds would not be under water now, they would have seen the credit crunch coming, how many of them did?

I have watched the London Symposium DVDs, various setups on varying timeframes anything from 2min to 3min to 5min to 7min and so on. No consistency whatsoever as Rigel has pointed out.

I have seen exactly the same setup on that video link you posted that will not pan out, why because buying pressure materialised, then ofcourse you guys would have come out with justification, flicking back and forth to other time frame charts, adding trendclusters, channels from higher time frame charts etc, diamond stops, and all the other 250 supposedly highly mathematical indicators incorporated in Tradeguider, branded as the worlds only sophisticated program. When everything pans out, then blow the trumpet.

On that London Symposium DVD, the setup entries and stops were being determined with the subsequent bars in sight, "O, I would have not placed the stop here, but there," why, simply because the trade would have been stopped out, but that is what would have happened in realtime, there was no luxury of hindsight to let you know in advance where would be the ideal stop placement so that particular trade would not be stopped out.

As for the sequency of events of you being sidelined from VSA team when Todd was around, and then subsequent reentry into prominence, the world's first chart reading machine, well that is a fact.
I have known VSA before Gavin even heard of it. In U.K it did not receive much attention, until it was taken over to US rebranded as Tradeguider and marketed at 5 times the price))) No shortage of suckers out there

[Seb Manby]

Well, I had no choice but to play along to gavin's tune at those seminars, I don't like standing up in front of an audience at all, i'd rather be behind the scenes. The seminars were done on a weekend, because it would have been almost impossible to get the nembers there, they did say they enjoyed it very much, I realise that you have to study in hindsight as I had to do. I would print off charts and study them intensely until the penny dropped.

A customer of TG coined the phrase, chart reading machine, I personally am not keen on it.

Sorry Taksuki, I got it wrong, the thread showed your name, not Monad. I can read the live edge consistently, and have done it many times, and I don't need to prove it.

Why do you hate TradeGuider so much? not everyone likes Gavin's style, I must admit, but he is a salesman, and that's what salesmen do(I think)

Regards Sebastian

[2trade]

Hi Monad my question is what is your point VSA or trading with order flow or as its called in the UK "Flow Trading" does work or does not work ? This would obviously include using
it with a trading plan ie (entry conditions)(exit conditions) (stand aside conditions) all known before entering a trade.
Thx 2trade

[humdesggg]

Sebastian

U admitted to using hindsight to analyse dead charts over the weekend. Why do u object to being reminded of that? U also seem to be impressed, like a schoolboy, with your nick name as 'chart reading machine'. TW calls u that on the VSAclub videos, so does your old friend Gavin. Now, I feel u should be held accountable for this nickname, and the only way we can put u to test, is to see u read the VSA setups in realtime. The other day Gavin failed miseably trying to trade forex on tokio open with tick volume data.

If u r a CRM, let us just put u to test, We can meet on skype, and see how good you are. Else u tell TW, Gavin and your would be fans to stop calling you CRM, since u success is solely based on hindsight.

[humdesggg]

Originally Posted by 2trade »

Hi Monad my question is what is your point VSA or trading with order flow or as its called in the UK "Flow Trading" does work or does not work ? This would obviously include using
it with a trading plan ie (entry conditions)(exit conditions) (stand aside conditions) all known before entering a trade.
Thx 2trade

Nothing wrong with that, but the difference is nailing the setups in realtime VS hindsight analysis to fool seminar attendees. Whatever hindsight analysis should be provided free of charge. Plus u dont need a 3,000$ program to call VSA setups for u. U just need price and volume to get going. The issue here is to differentiate those making business based on past data with hindsight and those diehard price and volume data traders who dont need nicknames to impressed seminar attendees.