| linuxboy |
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Member, TeleChart
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| Registered User |
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| Unsure |
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| Sunday, September 21, 2008 |
| Sunday, October 19, 2008 10:56:29 AM |
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There seems to be a lot of guesswork when it comes to VSA. I really wonder how many have actually bothered to read the Tom Williams book, which is now free by the way. High volume isn't as significant as what happens after that high volume. In the majority of the cases the market undergoes some test during a period of low volatility before it advances. Sometimes high volume areas will just cause the market to move sideways as the gains are consolidated and then the trend continues. Theres more to it then just high volume always being an indication of buying. Been studying VSA for over a year with the Tradeguider guys and I do have the software also.
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The book is now free on the website so anyone can grab it at their leisure. It's not just a primer for the software, it does describe in detail the general patterns of accumulation/distribution that trading instruments undertake.
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Hey guys. I am new to this thread site. I'm not sure if this thread is dead since the last post was on June 05, 2008 but I think I can help you guys with the VSA thing. I too use tradeguider, but I use the RT version. There are VAST misconceptions about tradeguider. It isn't just about some buy/sell signals, it's an entire trading system that guages strength and weakness and the owners stress that you don't just dive in on any signal. To learning curve for the sofware is much steaper than just buying the software and diving into trades. People doing that don't really understand how to apply the methodology that the owners try to teach people. I've been involved with Tradeguider now for at least a year and I use it in my trading. Through the year of watching Tom Williams and Gavin Holmes use the application they give very clear and detailed setups that explains exactly what signals you are looking for BEFORE you even get into the trade. VSA is much more than some "magic" indicators. It's an entire methodology and if you don't understand it you aren't applying the principles correctly. Apsll, I hope you will still post here, maybe we can share charts with each other privately if it is not allowed here. I can also teach you how to get free data.
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