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Old 02-07-2011, 07:01 AM   #1 (permalink)
 
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new trader training and mentoring


I am new here and looking to start trading with VSA . I am interested in trading wheat and / or es mini . What are the best time frames to be looking at for day trading ? 3 - 5 - 10 charts ? All help / comments are welcome at this juncture .

Thanks in advance

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Old 02-08-2011, 05:46 AM   #2 (permalink)
 
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One of the best day trader we had here at IFT only traded appl on small time frames like 1min , I think . He used the basics of VSA which will , of course , help any trader become better . But to get the most from commodities traded on the futures market , I believe a swing trading methodology would be better . You can take advantage of the weekly COT Report , incorporate Wyckoff ' s methodologies and use VSA to its full potential .

Do you have Tom Williams book?

And , Power , welcome to IFT !!!
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Old 02-08-2011, 07:04 AM   #3 (permalink)
 
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I know a guy that trades a 1 min . chart using VSA as well that very successful , but scalping is not for everyone .
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Old 02-11-2011, 05:18 PM   #4 (permalink)
 
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K gonna put the VSA thing on the back burner 4 now . I wanna trade however I cannot seem to figure out the time frames for day trading . I need some help over here !!!

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Old 02-11-2011, 08:43 PM   #5 (permalink)
 
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[ QUOTE = Power Broker ; 560769 ] K gonna put the VSA thing on the back burner 4 now . I wanna trade however I cannot seem to figure out the time frames for day trading . I need some help over here !!!

Thanks in advance

PowerBroker [/ QUOT


You can trade any time frame using VSA it depends on what type of trading you what to do Scap , interday or swing ! Try different time frame on sim untile you find what works . You have to be put in the time in order to get the results . I was on sim for over a year be for I figured it out . And im still not where I want to be , but I will be because I wont give up ! Dont be in a hurry to trade you have to put in the time or you will loose your money and or get discouraged and quit .
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Old 02-12-2011, 06:40 AM   #6 (permalink)
 
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Thanks for the reply slow . I am not going to use VSA right now . Its just to much to remember at once . I am going to try to concentrate on trading on the mini dow to start off so I can get my feet wet as it were . I will keep on trying different time frames as you suggested . I don ' t think I want to try to scalp tho . I am looking for longer moves and 4 - 7 points or more at a time . I make about 200 an hour right now doing my other business so to scalp to try to make 50 - 100 at a time is not worth it to me .
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Old 02-12-2011, 09:20 AM   #7 (permalink)
 
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Quote:
Originally Posted by Power Broker View Post
Thanks for the reply slow. I am not going to use VSA right now. Its just to much to remember at once. I am going to try to concentrate on trading on the mini dow to start off so I can get my feet wet as it were. I will keep on trying different time frames as you suggested. I don't think I want to try to scalp tho. I am looking for longer moves and 4-7 points or more at a time. I make about 200 an hour right now doing my other business so to scalp to try to make 50-100 at a time is not worth it to me.
GREAT PLAN ! , my daily goal is 100 . 00 per contract traded and am just trading one contract and scalping 2 to 3 trades a day my target is 4 ticks a trade . So I get about 2 to 2 1 / 2 points a day using one contract and only trade about 2 hours a day . I trade crude if I were trying to trade a different instrument it would take longer to get my daily goal !
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Old 02-12-2011, 09:42 AM   #8 (permalink)
 
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Hello Slow to Learn ,
I am a new guy and also intend to trade Oil but mostly at night as i have a day time job . Just curious how successful are you with this method and how often do you suffer a loss ?
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Old 02-12-2011, 04:48 PM   #9 (permalink)
 
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I am not going to trade live until I have figured out what will get me the points I am looking for . I am a win / win guy . I don ' t lose !!! If I can ' t master it I won ' t do it at all . I work to hard for my money .. Actually the reason I want to trade .. LMAO I ' d rather click the mouse than run the grinder . I only work work 6 months a year , so I wanted to find a way to make money in my off season .. LOTS OF IT !!!! Don ' t get me wrong here I am in no way unrealistic about my goals or about what I can or should do in the market . I am not scared of it at all . I just believe in having ALL the information before doing the business of it . I have done all the video ' s in here except forex . I am not interested in it . Dave ' s vid ' s have brought me right up to speed .. I have tried all of the indicators . Not real crazy about those either ... Need some help on that note .. What indicators and / or settings for them are best to use in shorter time charts ie . 1 - 3 - 5 - 10 ?

& quot ; Trade smart or just don ' t trade & quot ; - Power Broker
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Old 02-12-2011, 05:38 PM   #10 (permalink)
 
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Quote:
Originally Posted by apa79 View Post
Hello Slow to Learn ,
I am a new guy and also intend to trade Oil but mostly at night as i have a day time job.Just curious how successful are you with this method and how often do you suffer a loss ?
APA79 , I would not start out in crude its very volitile and hard to trade if you have a day job you might consider forex . VSA is IMO the only way to trade if you understand VSA you understand price action , and supply and demand . It take lots of time and practice !
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