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re: "…The "WRB", in other words, disappears when the price action is displayed in another interval. The price action is the same; the only thing that's changed is the means by which it is displayed." Yes that is true. But, in other intervals, a run up into resistance (etc) does not disappear. Please be careful here - and I know we've had to deal with this issue before on T2W. You are again questioning the other's representation system without really fully explaining how yours is different / better. Even though I could see how you might feel you have explained it ad infinitum elsewhere, there are aspects to it that you are possibly so 'unconsciously competent' at seeing that you don't even realize they are a part of but not explicit your processing of price action.
I'm not making you wrong. And please don’t let anyone run you off. I’m asking you to explain the difference – besides the obvious fact of different representations of the same market action. Everything we see on our screens is a representation of the market – not the market itself. It is all at least a once removed map of the auction – whether one is looking at T&S, MP, Ohlc, Candle, Tic, CRB, P&F, MarketDelta, or lord knows what else.
And Eiger - I can say with certainty that all these posters you are chiding for going off topic are actually here in this thread to learn VSA and also that there is no way on earth they can suddenly divorce their old representation systems and ‘think’ pure VSA just like you or Tom or… Taking those same time periods and showing the VSA interpretation of the same market activity, rather than make others wrong for the way they represent the action to themselves is the best way to keep them on track. |
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I understand that you don't understand what I'm talking about. Many people don't. But then many people do. And more are beginning to.
But if you've read everything I've written, including the real-time commentaries, and you've read Graifer and Wyckoff and Neill and Dunnigan and Magee and you still don't understand what I'm referring to regarding price action, then clearly there is a difference in perceptual and conceptual constructs between those who understand this and those who don't, and that difference cannot be reconciled with yet more explanation, at least by me.
The only way I know of to understand price action is to sit in front of a computer screen and study price action. Until recently, not everyone could do that, which may help to explain why even EOD traders had so much trouble making a go of it. But with the advent of replay, anyone who is willing to put in the time can "trade price" in "real time", watching price move, watching volume move in tandem, watching how they interact. Yes, this takes a lot of time and it is a lot of work, and very few people are willing to do it. But that's not my problem.
I used to think that if only the original Wyckoff course were made available at a reasonable price, without having to go through all of the SMI modifications, that the nature of price action would suddenly become clear. But I've learned since that it wouldn't make any difference at all. Talking about this and reading about this will take one only so far (which is the chief reason why I declined to participate in the
Best of Wyckoff conference being held this fall), and how far is demonstrated by what reads on message boards by those who've only talked about it and read about it. If one truly wants to understand it, he simply must make the commitment and put in the screen time.
None of this is intended to insult you or anyone else. And perhaps there is someone out there who is more gifted than I who can explain price action better than I. If so, I wish he'd step up to the plate. Absent that, I'm unable to help you further.