monad

AbeSMITH If you really want to get into currency, why not opt out for currency futures (CME), a highly regulated market and the moves are similar to the forex market, except you can employ the traditional trading platform (DOM) to execute your trades with a reputable brokerage like infinity brokers:thumbs up:, you know the commissions, you know the spread, hassle free administration.:thumbs up:

Many thanks, PP, info on Market Profile greatly appreciated. From the study of the formulae, it looks like you have tweaked the traditional Pivot calc. (H+L+C)/3 , then taken the midpoint of the Range i.e (H-L)/2 , subtracted this value from the Pivot to obtain the differential and then added them on to the Pivot to get Deviation Range H/L , RR, and Extended Range H/L. 1. What does RR stand for 2. Interesting one of the values inevitably ends up as the midpoint range ie. (H-L)/2 As for the VSA question in respect of Wide Range Bars, I meant an upbar: Under what circumstances would one regard a Wide Range Up Bar (close higher than previous close and higher than open on the same bar) either on low volume or on above average high vol as bullish????

VSA question for PP/Sebastian: Under what circumstances can a 1. Wide Ranging Bar with Low vol and 2. WRB with High Volume (above average but not excessive be considered bullish??? other VSA traders, please feel free to comment, am sure all inputs will shed more light

Great Post james, You are spot on, very much in keeping in with what Mark Douglas outlines in his books on Trading Psychology which is 99% of this business Patience, mindset free from remorse over missing moves, focus on the next trade etc are the key,

Thanks mister ed for info. on POC etc I was referring to the post 1342 by Pivotprofiler who mentioned Mark Fisher's pivot method which reflects to a large degree the POC, VAH and VAL provided by the traditional MP i.e counting TPOs. It is a poor man's tool so to speak and I believe it is calculated from previous day's high, low, close,open values, although I am not 100% but checking into it. PivotProfiler has obviously mentioned that and see them plotted on his charts posted here, hence the question. Anyway appreciate your kind response

Would greatly appreciate info. on how to calculate the Value Area High, low and POC , can that be done in a spreadsheet with the High, Low , Close, Open of the previous day, if , what are the formulae.

Nice trade setup, great explanation of the context, would greatly appreciate if you could outline the maths behind POC calculation, I have a spreadsheet that provides the floor pivots, perhaps the POC calculations can be incorporated there. I am interested in Market Profile concepts and Soultrader employs the tool effectively, however do not have access to any MP software, hence the poor man's Market Profile tool would certainly be of great help. Thanks in advance

It will be greatly appreciated if you could compile your videos or comments around the market you trade i.e cable or Euro

Understand the free YM datafeed has been discontinued, now the CBOT are going to charge $60/month.

Soultrader, if I may, we all have gone through the experience of market going in our favour, then sit there and see the trade get stopped out. As Mark Douglas puts it sometimes our bias of a target blinds us to the info. market is giving us. I have learnt via Wyckoff and Dbphoenix to make use of Support/resistance from the left, now in that respect, although now it is hindsight observation but perhaps something to keep in mind , there was a pivot low at 12450 between 3-4p.m on your chart and the take out of that level via that wide range downbar (prior to your red arrow) on huge volume would appreciate an effort to fall, which is normally followed by some short covering (profit taking) rather than real buying effort and also the 12450 support having been broken so decisively would now represent a resistance level (breaking the ice in Wyckoff Jargon) my 2 cents worth:)

Yes great video, could you elaborate on the logic behind the expectation of another neutral day following a neutral day.

Very kind of you JJ, greatly appreciated. I have gleaned a lot on price/vol based on Wyckoff and threads by DBphoenix on elitetrader and T2W, am trying to create my own trading style incorporating Taylor Trading Technique and some of the concepts illustrated by Soultrader on Market Profile, which BTW is excellent, check it out, he has recently posted his trades on YM.

Does anybody have "The Undeclared Secrets That Drive The Stock Market" by Tom Williams, notice they are now selling them on the website for $199. How does it compare to "Master The Markets"??? which was $99.

The return to value area is indeed the main concept Soultrader on this trade, the rise in price on low volume is incidental, as the volume normally drops off during lunch period in NY, Look forward to your charts tomorrow,

Once again great trade and analysis Soultrader, however unable to view the video, a message for permission flashes up. Is the exit strategy applicable only to YM or can it be applied to other indices i.e ES, Dax futures etc. Also it is of interest to note that the trade you outlined conforms to the concepts on Taylor Trading by Dogpile (his modified version) i.e if you put up daily pivots on YM 15min chart , it is around 12484, the market gaps down to that, Dogpile's method would indicate a long to the 20ema (around 12583) followed by a short.

Excellent charts and analysis SoulTrader, much food for thought and development of strategies/tactics around the concepts outlined,

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:o The customer event last saturday frankly was a total fiasco.:doh:

would appreciate the link

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

Wyckoff addressed all the three parameters, namely volume, price range and close, so in that respect there is nothing fundamentally different in VSA. e.g in Wyckoff there is SOT, (shortening of thrusts, narrow price ranges) , in a rising market with low volume, this is termed as NO DEMAND in VSA etc. there is a ton of info and charts, daily commentaries etc on the following: Worth looking at the charts where various trendlines, support/resistance levels and individual bars like SOT, upthrusts, spring etc are identified. http://www.ltg-trading.com/site%20map.htm http://www.ltg-trading.com/archives.htm

Anybody who really is keen to work with Law of Supply and Demand Law of Cause and Effect Law of Effort and Result http://wyckoffstockmarketinstitute.com/course.htm

Looks like a classic marketing ploy, Gavin was an ex-policeman, then went into advertising/marketing, Statements like "New hot indicator, or tips or trading setups" always triggers our deep seated need/dependancy i.e greed. That somebody out there has a secret to trading success. The software TG is over $2500 designed way back and full of glitches from the feedback I get, there have been countless seminars and now they are claiming they have more to reveal at further cost of $3000 over a weekend and not in a live market;) I was recommended Vadym Graifer's book for a fraction of the cost and have found more on actual trading setups and how to trade in there than all the TG seminars put together. One can also invest in Wyckoff's course which is one third the cost and have more practical benefit.

Would appreciate a link to your blog.

Anybody attended the marathon 3hr seminar on VSA, saturday, with over 90min of what VSA is or not:, apparently lots of customers have bought TG without knowing what it is all about:doh: Anyway anyone care to share regarding their enlightenment experience. Now for a mere futher cost of $2000 to over $3000, folks are going to be enlightened to extra hot VSA secrets during weekend retreats in hotels. would it be productive during week days in live markets???????

What you have just illustrated so graphically is I believe the first Post in any forums on the Internet regarding reading VSA and Trade Execution problem.:thumbs up: As for TG , having seen countless seminars I wonder if any of them are able to trade consistently with this , for if trade execution etc was easy why would they bother to market it at all. Think that is where those who actually trade on their VSA readings were to post the trades which worked and which were not productive, infact those which are not productive would be even more educational. Great Job JJ and tawe:applaud: