Best Trading Platform for VSA

[Best Trading Platform for VSA]

Interesting reading regarding the Tradeguider and Todd Krueger court case.

 

PlainSite :: Flashlight :: Case No. 1:07-cv-06261: Krueger v. Tradeguider Systems, LLC et al, Virginia M. Kendall presiding

 

http://www.chicagoiplitigation.com/TradeGuider%20Op.pdf

[[VSA] Volume Spread Analsysis Part III]

Hi Tasuki,

 

thanks for the detailed post that is very kind of you and very helpful. You said exactly what is was thinking, when you said I have got it backwards and for that I am glad and also relieved as this now makes perfect sense, thank you.

 

You are also the second person to recommend Tim's work and the MarketGeometry site and thanks for supplying the link I will check it out now.

 

I've learn't a positive lesson in that I need to be careful of the source of the information, not to blame others for incorrect information published but to be responsible myself for seeking the correct information in the first instance. I must try harder.

 

Many thanks Tasuki for your helpful response.

 

Jillion, I think you've got it backwards. Timothy Morge, one of the largest traders in the world, makes it very clear in his webinars that the "big boys" do NOT buy at resistance. True, they do accumulate on downmoves, but these are usually engineered down moves which are calculated to scare weak longs and to initiate fresh short-selling. Hence, they will sell at support, but just enough to scare the pants off smaller traders. Then, they come in and buy many times more than they just sold, sopping up the liquidity created by those who are forced to puke their positions. This is known as the classic "wash and rinse" and it has become the bread and butter of big traders, even more nowadays than it was in years and decades past. So, no, they do not accumulate at resistance, that would be foolhardy. If you want a more thorough understanding, you should check out Morge's free webinars at the website of Interactive Brokers. Here's the link:

 

http://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Feducation%2FpriorWebinars.php#top

 

When you get to the page, click on the "Industry Sponsored" link in the middle of the page, and scroll down until you see the webinars offered by Tim Morge, Market Geometry. In order to see just the webinars given by Tim, you can filter out the others by clicking on the "All Speakers" tab and selecting Tim Morge from the list (the other speakers aren't anywhere near as good as Tim).

To be honest, you will get no better education anywhere on the web, unless you want to shell out the money to join his website, but before you spend money, watch all of his free webinars at this link, and then you can go to MarketGeometry.com and get more free stuff, and if that's not enough for you, you can go to his other website, medianline.com, and there's even more free stuff.

Hope this helps,

Tasuki

[Trading The Wyckoff Way]

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[Trading The Wyckoff Way]

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[Trading The Wyckoff Way]

Actually this is not a Wyckoff-related question; it's a VSA-related question. And the two have little to do with each other.

 

The statement you quote is incorrect. And there is no "smart money". So your questions stem from a fundamental misunderstanding of volume and of accumulation. Which isn't necessarily your fault.

 

If you want to chuck VSA and start over with Wyckoff, you're welcome to do so. Otherwise, you'll have to wait for the VSA forum to resurrect itself or try some other website. No hablamos VSA.

 

Sorry.

 

I do doubt the information I have stated in the post, as it doesn't make sense to me hence the question. It is of obvious importance that one obtains the correct fundamentals. I would love to learn Wyckoff and also to fully understand Volume, in fact I will begin today!

[Trading The Wyckoff Way]

Hi Guys

 

please able to confirm my understanding of the accumulation phase:

 

'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.'

 

Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume?

[Accumulation]

Hi Guys :missy:

 

Currently studying volume analysis and wondered please would an experienced trader be able to confirm please my understanding of the accumulation phase:

 

'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.'

 

Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume?

 

Thanks in advance for any help, it can be a bit confusing at first starting out with volume analysis!

[[VSA] Volume Spread Analsysis Part III]

Hi Guys

 

I've currently studying volume analysis and wondered please would an experienced trader be able to confirm please my understanding of the accumulation phase:

 

'If we see accumulation during a long term range, we should see shrinking volume near support levels and an expanding volume near resistance.'

 

Am I right in the thinking that 'Smart money' is buying into the downmoves off of resistance and this represents the expanding volume near the range top, and also would it be correct to say that the low volume at the support levels is absorption. ie. the buyers are absorbing the selling and hence the low volume?

 

Thanks in advance for any help, it can be a bit confusing at first starting out with volume analysis!