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Come on folks, is this tick-tack on VSA/Wyckoff/Candlesticks really necessary, afterall they all represent price/volume i.e supply/demand pressures, albeit from different angles.
There are some who have studied both Wyckoff and VSA and realise this, however there are others who wish to pursue the VSA path only, and if they are able to read what they post in hindsight with the same degree of efficiency/accuray in realtime, trade with realmoney and are able to keep their cash till ringing that way, fine, that is all that matters at the end of the day.
But you will find that even at Tradeguider, they have difficulty reading the market purely on VSA, that is why their charts are full of other indicators , diamonds, H stops, trendlines, channels, moving averages on vol, volume thermometer, trend clusters (have a look at their archived videos)
Hence if others wish to express their viewpoints via Candlesticks or Wyckoff, what is the problem, why not leave the egos on the mantlepiece for a change and make an attempt to understand other persons viewpoint, otherwise we are going to end up with another VSA thread with over 100 pages still with no clarity in sight, that is why in my previous posts I have requested the Tradeguider Experts to come in and sort this out, rather than make periodic appearances with a video here and there, merely to promote their products and webinars.
Looks like James will have to consider opending VSA III, who knows like those Rocky and Rambo movies we could make it to VSA IX |
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I agree entirely, Bearbull, and, no, it's not necessary. To attempt to arbitrate what is or is not allowed in a discussion of "VSA" when several different versions of
VSA are under discussion, including the TradeGuider take, is an approach that is far more likely to generate heat than light. There is, for example, no "ice" in Undeclared Secrets, nor are there any "creeks". So why are ice and creeks and springs allowed? Because TradeGuider says so? After 2000 posts, is the thread about TradeGuider after all? Or is it about analyzing price movement by means of volume and the spread?
I've said that I'm not interested in
VSA per se, but that doesn't mean that I'm not familiar with it or that I don't understand it. I'm not interested in it because it can generate a nonproductive mindset, particularly in those who do not yet have a firm grasp of price action and how it relates to volume. Nonetheless, I am fully capable of bringing what I know to the table and explaining these charts in terms of the interaction of price and volume and time without getting into all of the extranea that a software program brings.
As you say, whether using Wyckoff or candles or
VSA or even MP (which has and could again provide much needed added perspective), it's all about price and volume and why they behave the way they do and how one can profit from those movements. To insist that one must use a 5m bar, for example, even when Undeclared Secrets rarely does so, suggests a lack of understanding of just what
VSA is all about. Yesterday's activity was a good example of where such a lack of understanding can lead. And the thread was oddly silent during the 80pt (NQ) upmove on Tuesday when the market was "supposed" to be declining.
If the thread is to be about TradeGuider, then that answers a lot of questions. However, both threads should be retitled in order to clarify exactly what it is that the content should address. On the other hand, if it is to be about volume spread analysis, then I suggest that those who insist that it must be defined in a particular way that isn't necessarily the same as that defined by someone else who sees it in some other particular way ought either to pull themselves together and open a few windows or else make liberal use of the Ignore button.