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Old 03-11-2008, 03:40 PM
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Re: [VSA] Volume Spread Analysis Part II
Quote:
zeon
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We just reached resistance from prior in the day... I guess it wasn't wishful thinking after all. Sure wish I'd taken the long though
If you're having trouble recognizing selling climaxes and retests in RT, first make sure that you've located S&R correctly. Then watch the TICK or TICKQ. Today, for example, the TICKQ was -648 at the "selling climax" and only -156 at the "retest". Seeing this divergence between two different measures of selling pressure may give you the confidence you need to take the trade.

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