Welcome to the

TradeGuider Chart
Reading Masterclass
Part 2
Class Starts at 8.00am
Chicago (CST)

Chart Reading Master Class Objectives

To learn all the VSA principles and then put them into context
to include background and trade set ups.
To learn how to identify the highest probability low risk
entries using VSA.
To learn how to clearly identify professional distribution and
accumulation and know where and when to take a trade.
To learn how to identify market tops and bottoms.
To understand the Herd and Weak Holders and how to
avoid becoming either of these!
What is a Shakeout and how to recognize and profit from
this maneuver by professionals.

Chart Reading Master Class Objectives Contd

Understanding the Upthrust and where to place a trade
after you see this.
To learn the significance of the range or spread on any
individual bar and how to put it in context with the
background.
Understand why the background is vital to placing a trade at
the right edge.
To learn why multiple timeframes are important and how to
choose the right timeframe for your chosen market.
Understanding what is a Test and the different types of
Tests that can be both bullish and bearish.

Chart Reading Master Class Objectives Contd

To learn how to identify VSA patterns as they appear and be
patient to get the best entry. All VSA patterns seen in
hindsight must have been there as they unfolded.
To get your questions answered about specific issues you are
having with your trading/investing and gain confidence in
your chart reading ability.
To understand Supply and Demand and the effect the
imbalance has on the chart.
To know the best place to put a stop loss, market order and
buy/sell order above or below price action.
To learn from other like minded traders.

Answers to Quiz Charts

Quiz Chart 1

Quiz Chart 2

Quiz Chart 3

Quiz Chart 4

Quiz Chart 5

Question 1
I attached two pictures of a good trade on the
Daily Swiss showing the entry middle and exit.
Please comment?

Swiss Franc - Chart 1

Swiss Franc - Chart 2

Question 2
I am attaching a chart of POT that I would like to
discuss. I have annotated the chart with my
analysis. Ill look forward to hearing the thoughts
of everyone on my analysis. My questions as I
study charts nightly revolve around testing of
previous price action. Ill look forward to hearing
the experts discuss

US Stock POT Chart 3

Question 3
Can the pre-market data as shown in the
attached chart be used with confidence on the
opening to catch the opening move?
This is a chart of the ESH0 on 02/22/2010, 9
minutes. I normally use the 3 and 5 minute charts
on open, but those are no longer available. What
I want to be able to do is to catch the sudden
move as shown on this opening.

E-Mini S&P 9 Minute Chart 4

Question 4
I just got this trade today (DVP). Bank of America issued new
warrants. I am providing the A series warrants and the
common. I have to trade out the warrants by settlement on
Tuesday(overnight).
These images are from Interactive Brokers - Trader Workstation.
BAC WS A
But you may see them on other platforms as BAC.WS.A
So the question is: should I trade them out this Friday (well this
would be before the class so you can email me separately if you
can)? Or hold them the weekend for tradeout on Monday?

Bank of America Weekly Chart 5

Question 5
I have been looking at the future spreads I trade for VSA principles with
inconsistent results. I was wondering if you have traded or even looked
at spreads using VSA before?
Spreads I trade are HOECLE, RBECLE (CME on Globex) and WTI-Brent
(ICE).
I am very interested in VSA and wanted to back test some of the principles.
Would you explain how I could best quantify some of the principles in order to
do this please?
I guess I am asking if you think there are specific rules than can be applied to
automated trading systems. Can VSA principles help my current black box
approach or should it not be combined in order to help with stops and exiting
strategies?
I think there is something there to use with both grey and black box
approaches and very excited about learning more tomorrow.

Question 6
I have heard Gavin and Tom mention that 90% of retail
traders are on the losing side of the market because the
market has to have losers. Can Gavin and Tom explain why
they think that is and what makes a consistently profitable
trader?

Attributes Of Smart Money Traders

Belief ( Document by Rakesh Kumar)
Visualization seeing the winners/cutting losers
Contrarian Think as an individual
Expert Chart Reading Skills
Highly Disciplined
Spiritual
Open minded and willing to help others.
Expect to receive and do so graciously
Excellent Risk Management Strategies.
Always able to stay in the game!!
Take consistent and small profits NOT GREEDY. (Ali Baba)
Are always happy and content.

Question 7
Please could Philip, Gavin and Tom analyze yesterdays emini S&P and Nasdaq in multiple timeframes. I watched
Gavin try to trade a top and then he explained that he was
looking for a no supply/test in a rising market to go long.
That is exactly what happened but the market whipsawed
for 4 hours before the move, so how can we time our entries
so we can catch the moves?

E-Mini S&P Chart 6

Question 8
Please see chart of the Japanese Yen against the US Dollar. It
has been trending up and I am long from the test on 4th
March at 4.00pm Eastern. Please comment on the ultra high
volume bar at 8.20am New York time followed by multiple
tests ?

JPY/USD Chart 7

Question 9
Please explain the difference between a test and No
Demand. I watched Tom explain that true No Demand has to
have the majority of the body of the bar as an up bar and
then he said a test can be an up bar as well, please clarify?

Question 10
Please can Philip explain how he selects his longer term
investments and what criteria he uses to stay with a trade?

Question 11
I brought UK stock British Airways on 6th February 2009
when I saw climactic action followed by a two bar reversal. I
have followed the weekly diamond trending system and I
am still long. At what point should I be thinking about
exiting and was my analysis correct?

BAY UK FTSE Chart 8

Question 12
Please give an opinion on Crude Oil. I saw a You Tube video
when the top was marked, are we seeing a top now and
what is the long term view of the experts?

Crude Futures Chart 9

Question 14
Is Australian stock MQG (Macquarie Group) in an
accumulation or distribution phase?

MQG (Macquarie Group) Chart 10

END OF SESSION Q AND A