[Anonymous]

It should be said that candle can be used. TG offers them because many traders like them. I used to like them myself. But bars are easier to see especially at first.

Tom Williams (father of VSA) uses bars
Todd Krueger (TG and leading VSA expert) uses bars
Gavin Holmes (TG) uses bars
Sabastin Manby (Tom's friend and VSA expert) uses bars. Read his article on the T2W forum.
Joel Pozen (Formerly of TG, Student of Richard Ney, and one of the best chart readers, second only to Tom Williams) uses bars. Check out his site at Tradingmentor.com

If one uses candles, one need to remember that the close is more important than the open. Hence while a candle may close in the middle and have an equal open, what matters first is the middle close. The fact that the bar is a Doji is secondary.

As far as mutliple time frames. The best approach may be to find certain support/resistance levels on various higher time frames, but trade off of just one lower time frame chart.

[Wookey]

Originally Posted by PivotProfiler »

As far as mutliple time frames. The best approach may be to find certain support/resistance levels on various higher time frames, but trade off of just one lower time frame chart.

Yes, this is exactly as I do, use Drummon's levels from daily and weekly and use MP to see on lower TF's if levels are holding or breaking. But MP doesn't always catch it, but this VSA thing looks like can really help. Eh, If only I could join them in one platform.

[notouch]

I mentioned the morning doji star just because it was mentioned by Gavin Holmes (I think) during the seminar. I'm personally sceptical about focusing on bar closes. A 1 minute bar with a low close followed by a 1 minute bar with a high close would just be a single bar with a high close on a 2 minute chart. The rule is "strength appears on down bars" so in that situation the 1 minute chart is showing strength but the 2 minute chart isn't. I think you'd have to look at the market you want to trade and choose the best time frame to fit your trading style and then just stick with it. Looking at several different time frames may just lead to indecision.

Wookey, I'd definitely be interested in seeing more of your charts.

[walterw]

I "still" dont understand where is the line that divides the interpretation of fading this down bars with volume (showing strength) and having this down bars with volume installing a downtrend like today... in that case they far from showing strength they where preanouncing a big down move... please vsa experts tell me how would we establish the diference.... and where would be the ideal timing to enter either two trades....thanks Walter.

[Wookey]

More charts from TradeGuider.

Attached:
1. Euro Future Daily
2. Microsoft Daily
3. Mini Dow Jones 180 min
4. Mini Dow Jones 1 min

If you have a request for certain symbol and tf just let me know.

[Anonymous]

Wookey

Could you please put up a 5 min Euro spot chart from Today? I want to try something. Thanks

[Wookey]

PivotProfiler,

Attached. The last three signals are considered weak, thus additional support is needed. The congestion zone at the top (between 3210-3220) when reduced to 15 min bars, looks for TradeGuider as no demand.

[Anonymous]

Thanks very much.

I place a small dot on all bars that have volume less than the previous two bars. I also place an diamond on bars with narrow ranges and increased volume.

Here is my chart of the same period. Note how the same levels are clearly indicated on the chart. In other words, those that want to program their own versions can do so. Just start to learn the method and go from there.