S&P analysis for Friday 2nd Oct

This is a discussion on S&P analysis for Friday 2nd Oct within the Price & Volume forums, part of the Technical Analysis category; Originally Posted by VSATrader Thank you for taking the time to read my thread, I just spoke to Tom Williams ...

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Originally Posted by VSATrader View Post
Thank you for taking the time to read my thread, I just spoke to Tom Williams on the phone, and he said that Todd is suing TradeGuider, you may well know that Todd left TG, and it is mu understanding that Todd cannot sell his bootcamp CD yet, but if you go to www.geniechartist.com, it will appear on that web site, feel free to call Todd at the number on the website and speak to him, best to call after 12:00 midday London time, as Todd is in England and staying at the home of Tom.

Best wishes
Sebastian
I actually did talk to Todd last week. I got his number from a friend at Denver Trading Group. He did tell me that. How can he be sueing TG and be staying with Tom, when Tom is the Chairman of TG? I am thoroughly confused. I actually asked Todd if you were going to be his partner in his new venture. He said he couldn't tell me for a couple of weeks.

I spoke to Steve at TG and asked him point blank if Tom Williams is still part of TG and he laughed and said yes. So now I am asking you Sebastian please. Did Tom Williams dump TG and nows Gavin owns it all?

Todd told me that I would real surprised whom his new partner would be that's why I guessed it would be you or Tom

BTW I was just planning on by Todd's bootcamp, owned by TG, from TG for $495 USD by Friday. After that they are jacking the price to $595. I have pretty much decided not to buy the software even though they were nice enough to offer me a 6 week refund. I just looked around at a bunch of VSA experts like yourself and none of them use the software. So what does that tell you

Oh and not to forget thanks for answer my questions on entries.
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I'm glad to see that you're making another effort to discuss this aspect of PV analysis. Now that Whozis and his progeny are no longer here, perhaps you can enjoy an uninterrupted and worthwhile thread.

Good luck.

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Originally Posted by dandxg View Post
I actually did talk to Todd last week. I got his number from a friend at Denver Trading Group. He did tell me that. How can he be sueing TG and be staying with Tom, when Tom is the Chairman of TG? I am thoroughly confused. I actually asked Todd if you were going to be his partner in his new venture. He said he couldn't tell me for a couple of weeks.

I'm afraid I cannot speak about it either at the moment, but this monday 12th Nov, I will be going to see Todd and Tom, but i'm not sure I have the time to train anyone. However I do know the answer to this question

I spoke to Steve at TG and asked him point blank if Tom Williams is still part of TG and he laughed and said yes. So now I am asking you Sebastian please. Did Tom Williams dump TG and nows Gavin owns it all?

Tom is the chairman of the UK company in name only, he has no obligation or liabilitys to the company, I think it just suppose to look good on the web site. Gavin and Richard probably own the remaining shares, I have no use for the software, I have found it buggy and the indicators are not correct on all the bars, but that is down to a sloppy working class programmer, not Tom's fault.

Todd told me that I would real surprised whom his new partner would be that's why I guessed it would be you or Tom

Your in the ball park on this one.

BTW I was just planning on by Todd's bootcamp, owned by TG, from TG for $495 USD by Friday. After that they are jacking the price to $595. I have pretty much decided not to buy the software even though they were nice enough to offer me a 6 week refund. I just looked around at a bunch of VSA experts like yourself and none of them use the software. So what does that tell you

The software can help your analysis and tell you what the background position is ( strength or weakness) it's up to you to understand the principles and trade from them.

Oh and not to forget thanks for answer my questions on entries.
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Thanks Sebastian for your help. I have a question for you. If you get a retest of high or low on lesser volume I know this is normally a good place to sell/buy. My question is can you compare volume of regular trading hours normal trading to say RTH volume when it's the NY lunch hour or should this be viewed in their own. Typically NY lunch hour volume drops off. This is one of the areas I am really not clear on at this moment. db phoenix could you give your pro opinion as well. I consider you 2 some of the best their is at PV - VSA trading. Best of trading to everyone.

I apologize for not posting a chart. I need to learn how to mark up chart on Sierra and then figure out how to post on T2Win.
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VSATrader started this thread Hi Dandxg;

Your question;
My question is can you compare volume of regular trading hours normal trading to say RTH volume when it's the NY lunch hour or should this be viewed in their own. Typically NY lunch hour volume drops off. This is one of the areas I am really not clear on at this moment.

The principles are the same in any time frame in any part of the session, you will still get Volume and price signals throughout the session, I think you'll find that the smart money are usually active at the begining of the session and at the end of the session. except around FOMC etc. You should not assume that in the lunch hour, things would be any diffrent.

Regards Sebastian
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ES analysis for Friday 9th Nov 07

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Quote:
Originally Posted by dandxg View Post
Thanks Sebastian for your help. I have a question for you. If you get a retest of high or low on lesser volume I know this is normally a good place to sell/buy. My question is can you compare volume of regular trading hours normal trading to say RTH volume when it's the NY lunch hour or should this be viewed in their own. Typically NY lunch hour volume drops off. This is one of the areas I am really not clear on at this moment. db phoenix could you give your pro opinion as well. I consider you 2 some of the best their is at PV - VSA trading. Best of trading to everyone.

I apologize for not posting a chart. I need to learn how to mark up chart on Sierra and then figure out how to post on T2Win.
Depends on what you mean by "compare" and what you're comparing and why. If you're comparing volumes in the context of test-retest, remember that the point of a retest is to determine whether or not selling (or buying) has dried up. The most accurate comparisons will be found within the same timeframe, e.g., opening to lunch. A retest on light volume during lunch may mean only that nobody's home.

Your best conclusions, however, will be drawn from charts. Even a "rule of thumb" in this regard can be misleading.

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Many thanks to both of you for your expert commentary.
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