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BlowFish - if you have time could you elaborate on what you mean by "looking for continuation/change" please? And how VSA is useful for this? Thanks |
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Its really a way of continuously monitoring the market from the point of view of continuation or change. Those are the only two choices. This is opposed to looking for 'setups' to occur. Exactly how you react depends on your focus (what exactly you are trying to capture). Its a more 'going with the flow' style of trading rather than an 'entry - stop or exit' approach. As an example steadily increasing price and volume would support continuation of the price in that direction. That is until you detected change (e.g supply swamping demand, demand drying up whatever). I have to say that I am looking at things slightly less from a
VSA point of view (at the moment at least) and more from a Whycoff point of view.