IMM 1.45% 34.0¢ immutep limited

nice start to the week, page-51

  1. 1,996 Posts.
    Nice chart Mitta - looks a lot like mine lol.
    Leslie I use prorealtime (free and web-based google it) and also the one Mitta has there "tradeguider" which is not free and designed specifically for VSA.
    As you can see we have an upthrust today and it is a sign of weakness - the description there in Mittas chart is a description of today taken straight from the software (hence Mittas comment about being "lazy" - lol) - you'll see its pinged the red indicator arrow above today's price in the chart. But you really are better off reading and learning the methodology first because the software is not black box - its not giving BUY and SELL signals - It gives "Signs of Strength" and "Signs of Weakness" but in a downtrend we pay more attention to the signs of weakness - while in an uptrend we pay more attention to the signs of strength. So its Context/Background dependant how you intepret the bars.
    Once you understand it you don't really need any particular software package - anything with clear volume and price bars will suffice.

    If you want to learn more about the methodology then you can download "Master the Markets" in my sig - but also go onto youtube and have look at the "Tradeguider" channel and there they analyse different stock using VSA and you can really pick a lot up from watching those - there's heaps of videos on there and even some recent ones looking at the Aussie stock market.
 
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