[habi]

Originally Posted by PivotProfiler »

My suggestion is to contact Gavin Holmes at TG and ask for the link to the PDF version of Master the Markets.

Hello

I was searching for a Thread like this one, great work here. Thanks for all the interesting informations about VSA.

I found the link for the free Online-PDF-File Master the Markets, hope, it is still working. I'm just reading the book

http://www.cbprotect.com/cgi-bin/cbp...thank877678.pl

[habi]

Originally Posted by PivotProfiler »

(As I am not the thread starter, I have no compulsion to keep the thread alive. With the lack of interaction, my posts and enthusiasm have dried up. Which is why this one sucks.............)

Hope, that this thread keep alive. I'm relatively new in VSA, I will try to make some interpretations. In the YM 60 minute chart I saw on 24.5. a candle with a very large upper shadow, ultra high volume and closing near the low. It was my intention to find a setup for a short within this shadow. It failed yesterday on the lower range of this S/R zone with a high volume candle in the 15 min chart.

The gap down today gave another weak signal, but the last two hours changed the picture. The first one went into the S/R zone with ultra high volume, the second touched the high of the shadow.

Weakness or strenght?

I analysed the action in a 15 min chart and saw, that most of the volume was in the first three bars. Thats the reason why I believe, that there was mor buying then selling of the smart money.

Other opinions?

[Anonymous]

Originally Posted by habi »

..........The gap down today gave another weak signal, but the last two hours changed the picture.

First, thanks for posting. Please keep it up. The more interactive the thread the more we all gain.

Please take a look at that gap.

We had a gap lower on ultra high volume that closed in the middle. This is a sign of strength not weakness. If all the volume represented selling (weakness) than the close should not be in the middle of the range.

Strength enters on down bars and weakness enters on up bars..........

[thrunner]

Originally Posted by habi »

I found the link for the free Online-PDF-File Master the Markets, hope, it is still working. I'm just reading the book

Probably doesn't work any more, but the CBOT webinar is working, just need to sign up CBOT - Detecting High Probability Turning Points Using Volume Spread Analysis

Detecting High Probability Turning Points Using Volume Spread Analysis
View recording.
* Viewable with Windows Media Player 10 or better, Version 9 Mac Media Player * (Download latest version).

Most traders believe there are two ways to look at the market - fundamental analysis and technical analysis. This seminar will introduce traders to a third way - volume spread analysis. Join Todd Krueger of TradeGuider, with a very special appearance by Tom Williams, the creator of Volume Spread Analysis, as they demonstrate how to incorporate Volume Spread Analysis into trading CBOT mini-sized Dow futures. Sponsored by Infinity Brokerage.
An introduction to Volume Spread Analysis.
The benefits of understanding hidden professional buying/selling with volume analysis.
Using mutiple time frames effectively to confirm market direction.
Question and answer session.
About the Speakers
Tom Williams, formerly a very successful US Syndicate Trader. He retired from professional trading at the age of 40, taking up a number of commercial ventures during this period. However, Tom's real ambition was to help traders operate in a more informed way, and this idea formed the basis of his software development company, Genie Software Ltd, 14 years ago. Tom has spent many years refining the signals in his flagship product, VSA (The forerunner to TradeGuider). Apart from his own expertise, the company also relies heavily on customer feedback to enhance and develop its products.

Todd Krueger's interest in investing and trading accelerated after earning his Series 3 license in 1985. His passion for trading has grown immensely over the years and he has invested heavily in educating himself on being a better trader. Todd was a previous customer of VSA and believed so strongly in the power of the software that he purchased a shareholding in TradeGuider Systems, LLC. Out of all the trading courses Todd's taken, and all the trading software packages that he's owned, there is one common denominator that he has learned that is essential to being a profitable trader; your approach to the market must be your own, the approach has to fit your individual personality and trading style.

Frankly, I get more out of reading this thread than watching the webinar. Everytime I look at VSA I can't help but wonder if there is something missing in the whole concept...

Originally Posted by thrunner »

Probably doesn't work any more, but the CBOT webinar is working, just need to sign up CBOT - Detecting High Probability Turning Points Using Volume Spread Analysis

Try this direct link then: http://mediasrv1.cbot.com/04252006_williams

[Tasuki]

Cooter,
I'd be very grateful if you could explain what "tick delta volume" is and how you get an RSI that's based on it. I've got Tradestation (seems like your chart is a TS chart) but I've never heard of tick delta volume. The TS user's guide didn't have anything on it, nor did the support center. Real curious what this is.
Thanks, Taz

I don't recall mentioning it in this thread, so I won't clutter it up with my musings.

You might want to review a more appropriate thread, such as http://www.traderslaboratory.com/for...html#post11042 for an better response.

There are many custom indicators that are not native to TS which you will find on this forum here:

http://www.traderslaboratory.com/forums/f46/

Hope this helps.

P.S. WalterW created the Volume Delta (aka Tick Delta) - might want to ask him as well.

[habi]

Originally Posted by PivotProfiler »

We had a gap lower on ultra high volume that closed in the middle. This is a sign of strength not weakness. If all the volume represented selling (weakness) than the close should not be in the middle of the range.

Strength enters on down bars and weakness enters on up bars..........

PP, thanks for your answer. Yes, I agree, that the gap down with the first candle represented some strenght and not weakness. I compared the volume with the ultra high volume on Mai 24 and thought, that it needs more strenght for a biger turn. I observed several times, that higher volume led to longer moves.

When I made a review of Thursday's action I came to the conclusion, that we have seen to different phases on that day. The first was for closing the gap and retest the high of the 29th. After the "FOMC minutes" we saw a candle wit a narrow body and closed in the middle with ultra high volume, much higher than the first candle of the day. It looks to me, that more professional money came in at this time. The strong move was based on this volume an not or less with the first candles of the day.

Let's have a look on a 5 min chart for Friday. We gaped up with a high volume bar wich closed near the midpoint, some weakness came in. After 30 minutes we saw a wide spread candle on ultra high volume with a long upper and lower shadow. In my mind, the lower shadow represented strength, the upper shadow weakness. At this time, how do you decide, if there ist more strengt or weakness in the market? We got the answer with the two wide downbars, the second one with ultra high volume, following by a bar with a long lower shadow and closing higher than the previous bar.
A sign of strenght and appeared as a test of the wide spread bar before.
After closing the gap, the next up move was not very confidential, because the volume diminished.
Some strenght came in again with a hammer candle on high volume followed by the red downbar on high volume, wich formed the low of the day. After another wide white candle we had a lack of demand, wich led to the last downmove of the day on low volume, except for the red bar that tested the previous low.

It seems to me, that we have not enough strengt at this time to go higher, I would expect more volume on the intraday lows.

I'm sorry for the not always correct english