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Old 03-26-2008, 03:15 PM
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Re: [VSA] Volume Spread Analysis Part II

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Thanks, I see you take resistance as the upper line, I tend to define a zone. On your chart, this means I have support around 1358-1360. So at least I got that right then...
Zeon, would you mind posting the chart in here? I think I may have been looking at the wrong one of yours.
I think you may be putting a little too much attention on S&R. But if that's how you like to trade then posting over where DB is answering questions is your best bet.

For me S&R is sort of a side note. I'm aware of it but it's second always to price and volume activity. For example I don't want to jump in long if resistance is only 1 point away whether it looks like it's going to hold or break through. I take trades in the middle of nowhere sometimes because VSA is telling me to. The trade I posted today wasn't on any S&R, just reading price and volume.

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