Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

TinGull

Hawkeyetraders.com

Recommended Posts

Just curious as to if anyone has had dealings with this site? A fellow board member brought it to my attention, and thought it looked interesting from a VSA standpoint. I think eSignal has a Hawkeye indicator system, as does tradestation.

 

Just an interesting site. :)

Share this post


Link to post
Share on other sites

I've been using some of the hawkeye indicators for a couple of years. In my opinion, they provide an excellent product & great support if needed. They're quick to respond and very personable. A trading partner of mine attended one of Nigel's training seminars and found it profitable. My nic is hawk but no connection.

Share this post


Link to post
Share on other sites

The essence of VSA is this:

 

Looking at Volume, which is activity, and the resulting effects this CHANGE in volume has on spreads and closing price (high, middle, low of bar).

 

Since volume is activity, tick volume can be used where actual volume is not available.

 

But take a look at his charts, the volume is constant as he is using tick charts. If there is no change in volume because it is held constant, it can not be VSA. The concept of Relative is essential. Today's period relative to the volume 1 bar prior or two bars prior.

 

Simply, It may have some value, but it is not VSA.

Share this post


Link to post
Share on other sites
Nigel had some connection with Tom Williams back in the 80s. I think I met him in London at a VSA software demo. So I guess he knows VSA.

 

Indeed. I heard (not from Tom but from someone that is quite close) that they had some sort of falling out a way back.

 

The old Hawkes web site made a brief mention of Charles Drummond, I got the impression at some time he had been influential. Seems latterly he has thrown up Murray Math lines too.

 

He has put a rigorous methodology together based round a few simple indicators. I kinda chuckle at the indicators because I think I have a good idea of exactly what they all are and where they came from! Personally I think he should sell the methodology and give away the indicators.

 

I'd like to meet the guy sometime seems that we share some common influences.

Share this post


Link to post
Share on other sites
The essence of VSA is this:

 

Looking at Volume, which is activity, and the resulting effects this CHANGE in volume has on spreads and closing price (high, middle, low of bar).

 

Since volume is activity, tick volume can be used where actual volume is not available.

 

But take a look at his charts, the volume is constant as he is using tick charts. If there is no change in volume because it is held constant, it can not be VSA. The concept of Relative is essential. Today's period relative to the volume 1 bar prior or two bars prior.

 

Simply, It may have some value, but it is not VSA.

 

PP, what charts are you referring to? I downloaded and ran his free volume indicator for Tradestation and it performs as advertised. It even has his voice for audio alerts.

Share this post


Link to post
Share on other sites

Does anyone have any material written by Charles Drummond and/or that they can share or point me in a direction to find it?

looking for Charles Drummond Advanced P/L and Charles Drummond P/L Labs

Share this post


Link to post
Share on other sites

I've had the distinct honor of meeting both Gail, Nigel and Harry at three workshop/seminars and have the upmost respect for their professional character, and willingness to assist with the ongoing education of everyone involved.

 

My first impression of Gail on the chat room was that she showed genuine interest in members and followed up questions and concerns with thorough responses.

 

Specifically, Gail is always prompt with a response to any questions I may have. Particular examples include:

 

Showing how indicators work as a daily part of the routine and is thorough and consistent in covering the entry and exit point before and during each trade.

 

Indicating positives and negatives of trades to find a balance through understanding what constitutes a good or bad trading day.

 

Alerting you to daily news to stay informed on how it can affect trading.

 

Approaching trading without emotion, relying on her vast experience and strict adherence to following the rules.

 

Going out of her way to work with you on targeted issues to get you back on track.

 

Genuine and sincere, and dedicated to providing the proper tools for individual success.

 

Over the past 4 years I have paid to attend other chat rooms, however; none of them have provided the level of expertise and personal assistance that I have received from Hawkeye Team. [if any folks need a solid foundation and education to be successful in trading I would highly suggest their trading room... I thank Gail, Nigel and Harry for their commitment toward helping anyone who is serious. Check everything out for yourself, they have nothing to hide and you have everything to gain from Hawkeye indicators and training.. - Dr. PN

Share this post


Link to post
Share on other sites

Nigel and Tom Williams worked together on VSA in earlies. They had a seperation in their work, but both are friends until today. Both are good in Volume Spread Analysis. I use of both of their indicators. For me If one is not picking other definitely pick. Nigel Combined Momentum, Standard Deviation and chart patterns with Volume that gave me an edge. Thanks for Nigel and Tom!! Great works!

Edited by VSAtrader

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 25th April 2024. Investors Monitor a Potential Japanese Intervention, and upcoming Tech Earnings. Meta stocks top earnings expectations, but revenue guidance for the next 6 months triggers significant selloff. Meta stocks decline 15.00% and the Magnificent Seven also trade lower. Japanese Authorities are on watch and most market experts predict the Japanese Federal Government will intervene once again. The Japanese Yen is the day’s worst performing currency while the Australian Dollar continues to top the charts. The US Dollar trades 0.10% lower, but this afternoon’s performance is likely to be dependent on the US GDP. USA100 – Meta Stocks Fall 15% On the Next 6-Months Guidance The NASDAQ has declined 1.51% over the past 24 hours, unable to maintain momentum from Monday and Tuesday. Technical analysts advise the decline is partially simply a break in the bullish momentum and the asset continues to follow a bullish correction pattern. However, if the decline continues throughout the day, the retracement scenario becomes a lesser possibility. In terms of indications and technical analysis, most oscillators, and momentum-based signals point to a downward price movement. The USA100 trades below the 75-Bar EMA, below the VWAP and the RSI hovers above 40.00. All these factors point towards a bearish trend. The bearish signals are also likely to strengthen if the price declines below $17,295.11. The stock which is experiencing considerably large volatility is Meta which has fallen more than 15.00%. The past quarter’s earnings beat expectations and according to economists, remain stable and strong. Earnings Per Share beat expectations by 8.10% and revenue was as expected. However, company expenses significantly rose in the past quarter and the guidance for the second half of the year is lower than previous expectations. These two factors have caused investors to consider selling their shares and cashing in their profits. Meta’s decline is one of the main causes for the USA100’s bearish trend. CFRA Senior Analyst, Angelo Zino, advises the selloff may be a slight over reaction based on earnings data. If Meta stocks rise again, investors can start to evaluate a possible upward correction. However, a concern for investors is that more and more companies are indicating caution for the second half of the year. The price movements will largely now depend on Microsoft and Alphabet earnings tonight after market close. Microsoft is the most influential stock for the NASDAQ and Alphabet is the third. The two make up 14.25% of the overall index. If the two companies also witness their stocks decline after the earnings reports, the USA100 may struggle to gain upward momentum. EURJPY – Will Japan Intervene Again? In the currency market, the Japanese Yen remains within the spotlight as investors believe the Japanese Federal Government is likely to again intervene. The Federal Government has previously intervened in the past 12 months which caused a sharp rise in the Yen before again declining. The government opted for this option in an attempt to hinder a further decline. Volatility within the Japanese Yen will also depend on today’s US GDP reading and tomorrow’s Core PCE Price Index. However, investors will more importantly pay close attention to the Bank of Japan’s monetary policy. Investors will be keen to see if the central bank believes it is appropriate to again hike in 2024 as well as comment regarding inflation and the economy. In terms of technical analysis, breakout levels can be considered as areas where the exchange rate may retrace or correct. Breakout levels can be seen at 166.656 and 166.333. However, the only indicators pointing to a decline are the RSI and similar oscillators which advise the price is at risk of being “overbought”. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • $ALVR AlloVir stock bottom breakout watch, huge upside gap, https://stockconsultant.com/?ALVR
    • $DIS Disney stock attempting to move higher off the 112.79 triple support area, https://stockconsultant.com/?DIS
    • $ADCT Adc Therapeutics stock flat top breakout watch above 5.31, https://stockconsultant.com/?ADCT
    • $CXAI CXApp stock local support and resistance areas at 2.78, 3.52 and 5.19, https://stockconsultant.com/?CXAI
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.