[torero]

Amen to that PP! I know that there are some legit businesses out there but seems each trader has to find his own way to gain knowledge and experience. Post well said.

[Tasuki]

Hopefully, attached should be an example of "no demand" (at least as I understand the term)

[sds]

Originally Posted by Tasuki »

Hopefully, attached should be an example of "no demand" (at least as I understand the term)

I am not able to understand one thing.

Consider the right hand side of the dotted vertical line. There is move down till 1420.
But if instead of a move down, had there been a move up then I would have said there is no supply, at the dotted line.

Things happened in the past could easily be analysed and concluded. But I am not able to apply logic on the current scenario.
Perhaps PivotProfiler can throw light on this.

sds.

[Horus]

For those you that have the VSA software, have you looked at these arrows printed on chart in realtime?

Last time I look at this software all the arrows changed position so it looks great after the fact but in realtime you will get a quick wake up call followed by empty trading account!

I would be interested to see and almost guarantee this is still the case, all their arrows change position after the fact. but I can tell you now when something looks so good (roy kellys pivot trader is in this category) you have to questions it twice.

[walterw]

Horus: I did try Tradeguider and Roy Kelly many years ago when I was on the pursuit of making myself a technicall aproach , and I can testify unfortunatly that this softwares change signals of place after the fact.... lol , that was my experience...

[Horus]

WalterW, thats exactly what happened to me, its funny cause you dont even notice it until its running in realtime. When i first got a hold of VSA and Roy Kellys rubbish I was in shock after I placed my first trade! I placed the trade and 5min later the arrow changed! I thought I was seeing things or going crazy! LOL

Basically the fact that the signal positions change make VSA and the concept behind it worthless. TradeGuider Systems chart signals changing means that the concept is fit to data after the fact. I spoke to Tom Williams
a few years back, he even admitted he was not happy with the way the software promoters presented the concepts. Same for Roy Kellys indicators.
Both VSA and Roy Kellys tradestation code are available on the old omega forums. But dont waste your time.

[sds]

Originally Posted by Horus »

WalterW, thats exactly what happened to me, its funny cause you dont even notice it until its running in realtime. When i first got a hold of VSA and Roy Kellys rubbish I was in shock after I placed my first trade! I placed the trade and 5min later the arrow changed! I thought I was seeing things or going crazy! LOL

Basically the fact that the signal positions change make VSA and the concept behind it worthless. TradeGuider Systems chart signals changing means that the concept is fit to data after the fact. I spoke to Tom Williams
a few years back, he even admitted he was not happy with the way the software promoters presented the concepts. Same for Roy Kellys indicators.
Both VSA and Roy Kellys tradestation code are available on the old omega forums. But dont waste your time.

Hello Horus,

I have not read any material on VSA. My knowledge of it is limited to what is present in this forum.

Could you read my earlier post on this forum. When I try to apply concept to what has happenned in the past, its okay. What about the present tense? It is very difficult to apply logical. Could you comment on this?

sds.

[notouch]

I see the point. With hindsight it's easy to look at Friday's price action and think that VSA would have got you into a perfect trade but in real time you would have been stopped out several times on the way down. E.g. on a 5 minute chart you would have gone long at 1140 EST only to see YM go down another 80 points.