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The improvement (New indicators) that i have mention before are now ready and for the NinjaTrader platform fan, the collection of indicators will be available before december 2010.
I guess the best way to make up a mind of your own is to go in the live trading room (It's free), and there you can see the tools in live action and ask for any inquiries you may have:
Started to learn VSA just few weeks ago. My entries are based on VSA and Volume profile. This are just sim account trades, I'm not trading the real money now because I don't feel prepared for the real markets now.
Today trades based on VSA and VP. I'm taking a break from trading for few days. Going to read Master the Markets book again. Looking forward to read Enhancing Trader Performance. Psychology is my big weakness. As INTP personality type I tend to study things way too much ... which results in not actually doing them .
I'm thinking it is very interesting idea so I created indicator based on GOM package. I do not have enough data recorded, so image is showing only last 20 days (sorry for that). Maybe somebody with more data can test it on longer time period.
thank you for the post ! the video is quite disappointing .... you cannot draw any conclusions from the average trade size !!!
You know what you know but you do not know what you do not know.
You do not see things how they are, you see things how you are.
In life you do what you want but you do not want what you want.
One of the things that Big Mike has always recommended is to trade with no indicators, or as few as possible. In the Elusive Price Action thread this is discussed.
In my search for success in this business I have realized that method takes a back …
Its my understanding that VSA was developed by Tom Williams based on the what Wyckoff discovered/learned about the markets from other traders such as Jesse Livermore and others. I think it was Williams that added the Volume, Spread Analysis to bars and prior bars based on what Wyckoff did. I think Wyckoff is interested in the logic of the market such as accumulation and distribution as well as behavior that can be seen in the structure of the market. I guess in some ways there is a relationship, but VSA can get very complicated with its many terms. Not sure if this was helpful or not.
Of course you cannot base your trading decisions on average trade size. But I think that analysis of trade flow is important. I don't like to dismiss any idea as worhtless without looking at it at least for a moment.
Tom williams adapted Wycoffs teachings into VSA . Mr. Williams then developed trade guider software which Ive tested out and if youre willing to commit substantial $$s can help you ID imbalances between volume and price , like a primitive delta analysis . "Master the markets " is an advertisement for trade guider but is full of good info about the relations between volume patterns , closing prices and price bar spreads . Better would be to start here and save your $3k -
As some of you know I have been working for the last month on three set ups. I thought I'd take a minute and share the results of this effort. The win rate for these trades is over 90% in the last 30 days.
I have been trading CL using a 15 minute …
Jeffs (and the others) use of bar patterns and VOLUME are extremely effective in the hands of those willing to put in the time to master it . Add the ability to read support and resistance well and trading volume patterns off of them and youre ahead of the pack .
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