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Old 04-03-2008, 04:37 PM
thrunner thrunner is offline
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Re: Distinctions Between the Types of Volume Analysis.

A failure to communicate, what we have here...
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I think what is missing from a lot of successful discretionary traders is that there is often a lack of formal definition of terms they are describing. Whether it be a no-demand bar or a support resistance level. These could all be described formally and mathematically, so that one could go back after the fact and ask whether a VSA bar or SR level was valid. Without these definitions you are often left with answers such as screen time, experience, subjective feelings, which is all fine but not as helpful as a formal definition.
This is why the first VSA thread was so helpful in that PP did have pages and pages of formula to go with charts which described what he was seeing. This is not to say PP's VSA formulas were all correct, but it formalizes the trading method and allows for refinements and improvements.

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