TechViews

prakashreddy · #**131** 16th July 2008, 07:54 AM

Quote:

Originally Posted by uasish

At a very Later stage of my Trading career,i started realizing that Himalaya,can be scaled not ; ONLY from India.

Though we all have our prejudices & beliefs.Yes you are right VSA does not have that scope,but Volume Analysis definetly has,even 'Profile' approaches volume in another way & that is also a very good way.

Ashish,
Why can't we design a simple model which everyone understands? If one knows statitics or maths or any other engineering model let him be proud of it. But remember market does not care a dime for these skills. Market profile is much more useful for daytraders. VSA canbe used by daytraders as well as swing traders. There will thousands of members in this forum and many other fourms who are looking to supplement their income from trading and who earn their living by some other profession. These people may not be able to day trade also. Nor will they be interested in such complicated models. Tell me have you found any mathematical of statistical model which is 100% error proof or which produeces 100% successful trades? If not, and if every model be it VSA or be it any other simple model, which can also produce some loosing trades, why can't we design something which every one understands and which can be followed easily? IMHO, VSA scores here. It is quite simple to understand and quite easy to follow.

prakashreddy · #**132** 16th July 2008, 07:59 AM

Quote:

Originally Posted by karthikmarar

IMHO though VSA does not advocate using of other tools adding other tools would definitely be a value addition. VSA is a concept only. hardcore VSA followers would abhor the idea of having complimentary tools. But why not have best of both worlds. For that matter the hawkeyetraders use trend following and momentum along with their proprietary VSA algorithm.

You are right. Why can't we supplement VSA with other simple and easy to follow methods? This is a point to ponder.

uasish · #**133** 16th July 2008, 11:47 AM

Quote:

Originally Posted by prakashreddy

Ashish,
Why can't we design a simple model which everyone understands? If one knows statitics or maths or any other engineering model let him be proud of it. But remember market does not care a dime for these skills. Market profile is much more useful for daytraders. VSA canbe used by daytraders as well as swing traders. There will thousands of members in this forum and many other fourms who are looking to supplement their income from trading and who earn their living by some other profession. These people may not be able to day trade also. Nor will they be interested in such complicated models. Tell me have you found any mathematical of statistical model which is 100% error proof or which produeces 100% successful trades? If not, and if every model be it VSA or be it any other simple model, which can also produce some loosing trades, why can't we design something which every one understands and which can be followed easily? IMHO, VSA scores here. It is quite simple to understand and quite easy to follow.

I can emphatise with your feelings,why use something which many will not be interseted in,as they have other source of income,hence why.
You are very right nothing is 100 %,if it would have been ; then the REWARD will also be at par with bank income or even below that,becoz there will be NO RISK.

I am sync. with your suggesting to use other models along with VSA.

As i am by proffession a Trader,(now-a-days 95% Day Trader) hence is'nt it prudent for me to toil hard & find an edge over others.

Hope you understand.

kkseal · #**134** 16th July 2008, 08:09 PM

Nothing remains complex once it is understood (else schoolchildren wouldn't be studying DNA structure & Nuclear fission). Ease of use is what matters. VSA in it's present form requires a lot of judgment & as such is more 'complex' from the point of view of applicability.

Regards

uasish · #**135** 20th July 2008, 11:55 PM

Kalyan,

Too much subjectivity,has to be reduced to absolute Rules.Picked up 1 good idea from VSA till date.Plz see in chart.

Asish

http://www.traderji.com/advanced-tra...tml#post196147

N.B. See here in the MS chart,how VSA (my interpretation) along with Profile (my crude code) when both combined in Nifty Fut 30 min chart gets Potent.
(Though i could not take that benifit as i was trading RIL / Telco & also getting exposed to Jesse's Guidance all at same time that day)

karthikmarar · #**136** 21st July 2008, 02:54 AM

A view on L&T as of 20-07-08

http://www.youtube.com/watch?v=GBJmYWiuXi0

darsh_goswami · #**137** 21st July 2008, 04:00 PM

[quote=uasish;196396

N.B. See here in the MS chart,how VSA (my interpretation) along with Profile (my crude code) when both combined in Nifty Fut 30 min chart gets Potent.
(Though i could not take that benifit as i was trading RIL / Telco & also getting exposed to Jesse's Guidance all at same time that day)[/QUOTE]

Is it some kind of joke DADA

.

Ur coding is never crude , always something innovative u have given.
Good to hear that someone finally coded VSA in Metastock.

Keep it up.
Cheers,..
Darsh

karthikmarar · #**138** 23rd July 2008, 01:31 AM

Banking sectors seems to be slowly coming out of the woods...

SBI breaking the long term trenline

Bank of baroda, union bank etc looking good...

Just check them out

Sectoral chart - Banking -Private sector

Sectoral Chart - Banking Public sector

renu daga · #**139** 23rd July 2008, 08:36 PM

superb karthik,,,
i even checked lt,,,nice postings /charts keepit up

renu
check sterlite/ tisco,,, they too on long term trend line

casoni · #**140** 23rd July 2008, 11:29 PM

Quote:

Originally Posted by karthikmarar

Banking sectors seems to be slowly coming out of the woods...

SBI breaking the long term trenline

Bank of baroda, union bank etc looking good...

Just check them out

Sectoral chart - Banking -Private sector

Sectoral Chart - Banking Public sector

dear sir,
you have gone beyond original vsa..

..your buy-sell signal looks very accurate....fantastic...please guide us more on this system
thank you