[jjthetrader]

Originally Posted by marketguy »

I was wondering if any of you are using TraderGuider software and what your experiences are?

Thanks

Yes, a lot of people on this thread are. If you read through you will find quite a few comments on it.
I personally use it and love it. What an aid it was/is in getting up to speed on VSA.
You'll find other that will tell you you don't need it and this is true to. It's just way easier at first when you see something forming to get the confirmation from the software and being able to read the comentary of what to watch out for.

[marketguy]

Thanks for the reply. It was really helpful. Is there is TL discount for it?

[jjthetrader]

Originally Posted by marketguy »

Thanks for the reply. It was really helpful. Is there is TL discount for it?

LOL! You won't find any discounts for it. In fact they've raised their prices because of the dollar.

[marketguy]

jjthetrader:
I have been reading a good deal of this thread. There is a lot of negative things said about TG. I'd like to run a few things by you.

1. Several guys claim that signals in TG change depending on the next bar. So, a signal that looks good after the fact may not have actually been at the same spot real time. True or false?

2. How is the customer training? Do we get a lot of Todd?

3. Do you see TG as an indicator based system or are a signals just a guide to use simplify and use VSA effectively.

4. Could you get by effectively, at this point, without the signals?

Thanks

[smwinc]

Originally Posted by marketguy »

jjthetrader:
I have been reading a good deal of this thread. There is a lot of negative things said about TG. I'd like to run a few things by you.

1. Several guys claim that signals in TG change depending on the next bar. So, a signal that looks good after the fact may not have actually been at the same spot real time. True or false?

2. How is the customer training? Do we get a lot of Todd?

3. Do you see TG as an indicator based system or are a signals just a guide to use simplify and use VSA effectively.

4. Could you get by effectively, at this point, without the signals?

Thanks

I spoke with Todd in person a few months ago. He is no longer affiliated with TradeGuider.

With regards to the other questions, I have not used TG and can't comment on it.

SMW

[Anonymous]

Originally Posted by marketguy »

jjthetrader:
I have been reading a good deal of this thread. There is a lot of negative things said about TG. I'd like to run a few things by you.

1. Several guys claim that signals in TG change depending on the next bar. So, a signal that looks good after the fact may not have actually been at the same spot real time. True or false?

2. How is the customer training? Do we get a lot of Todd?

3. Do you see TG as an indicator based system or are a signals just a guide to use simplify and use VSA effectively.

4. Could you get by effectively, at this point, without the signals?

Thanks

These questions were not posed to me, but I would like to chime in on a couple.

1. This is the biggest issue of all. First, I do not like TG software and believe it is not necessary. Now for the answer. Most "signs" of strength or weakness are two bar signals. Like many candlestick patterns, certain requirements need to take place both before and After a particular candle or bar on many of the signs. Now, when a person looks at a static chart on the web, they may see a No Demand on the highest bar and just before the price fell. This looks good and makes them think the exact top can be called. Which is of course, what the uninitiated newbie and losing trader is looking for.

What they do not understand is that the No Demand bar is only no demand if certain criteria are met on the next bar. So the software will wait for the next bar and then place a sign on the High bar (1 bar ago). Now it looks like it is late in real time and in a static chart it looks like it is a perfect fit. So while it may appear that the high tick or the low tick is being called it really is not.

Take a look at the work of John Pearson on High/Low close Dojis. Obviously by the name, you can see that while the doji is the point of interest something must happen AFTER the doji: a high/low close. If the lowest candle is a Doji and the next bar closes higher, then it may look like the entry was on the bottom bar (the doji). But by definition the entry is two bars later. The 1st bar after the doji must complete the pattern on the close. Suppose your software places a dot on the doji. It would look pretty dead on and some would mistakenly assume that was the entry point. This is where people go wrong.


I do not use TG. Here is what my software (vt) does on one of my definitions of No Supply:

A. It will look for a bar that has volume less than the previous two bars that is has a lower low than the previous bar and closes lower.

B. To be No Supply, the next bar must not make a lower low or close lower. Hence as soon as the next period opens, and does not open lower than the previous close, a dot will appear. If the current price trades equal to the previous close, the dot disappears. If it then trades up, the dot re-appears. ONLY AT THE END OF THIS NEXT PERIOD WILL THE DOT BE EITHER PERMANENTLY AFFIXED THERE OR NOT. It is therefore possible to look at a bar and see a sign, turn the computer off and come back and find the sign no longer there. Why? because the first time was DURING the interval of the next period and not on the CLOSE. TG works much the same way.

2. Todd is no longer with TradeGuider.

3. TG does not give buy/sell signals they are indications of strength and weakness. However, the red/green bar paint is basically an indicator based buy sell method if one wanted to use it that way.

[monad]

So Who is providing support/teaching on VSA, now that Todd is gone. Attended a couple of live seminars, does not look as if anybody has any real trading experience, no shortage of talk though

A colleague had the software for a trial period, it is o.k, the above comments on signals via 2 or 3 bars are very pertinent to the package, so initially it does help to learn VSA with the explanations of each indicator popping up, but it is not absolutely necessary, the bootcamp CD is more helpful I am told.

[monad]

Originally Posted by tawe trader »

I have attached todays FTSE Future 5 min chart. .
Any thoughts anyone.

Good trading on the ftse, tried the instrument sometime back, was very spikey then.

1. How do you find you fills, and what do you think of the liquidity.
2. Which trading platform you use for trading ftse
3. Also which data feed, do they provide charting with it.

Do post some more as I am thinking of trading the instrument, what is the tick value?