[VSA] Volume Spread Analysis Part II

[zeon]

	Quote:	DbPhoenix
	Wyckoff also provided certain criteria for detecting absorption in real time. With regard to the activity that took place on the 20th, those criteria were not met. Detecting the "absorption" after the fact is as easy as all hindsight analysis (even though it technically was not absorption), but that's not what the blog is about.

What criteria are those then?

	Quote:	DbPhoenix
	I suggest also that you avoid any chart with a bar interval of less than five minutes. An even longer bar interval may be best for you. You'll just have to experiment.

I'm sorry... I'm lost here. Last thing I remember is you suggesting I'd zoom in to something lower than 5-minutes, preferably 1-minute or a tick chart. Now you are saying the opposite

[DbPhoenix]

	Quote:	zeon
	Db - and I know this has been asked before - but perhaps you could spend some little more time on it to shed some clarity in the matter. The only thing you replied is that 'price reigned'. Forgive me, but that didn't exactly make me much wiser. You said you'd short at resistance if you observed buying drying up. But, apart from declining volume, how do know that buying is in fact drying up? Look again at the chart I posted from the ES. This is at it's core what we are talking about. The volume is declining and a lot of the bars fail to close above the green line on low volume. Isn't this buying drying up? So would you have taken a short here, or not? If not, I'd appreciate it if you could inform me why not.

You're showing me a picture of apples, then asking me to explain the character of oranges. You are also asking me, again, to explain something non-VSA on a VSA thread.

I suggest that you go back to post 138 on this thread and collect all the similar posts here and on the RT thread and study them. If you still don't understand what "drying up" at support or resistance means, then I will be happy to try again. But please do not ask me this particular question again on this particular thread.

[DbPhoenix]

	Quote:	zeon
	I'm sorry... I'm lost here. Last thing I remember is you suggesting I'd zoom in to something lower than 5-minutes, preferably 1-minute or a tick chart. Now you are saying the opposite

Yes, I did. But you're clearly having difficulty doing so, and you're not going to get the help you need on a thread whose denizens believe that trading off such an interval is "crazy". Therefore, again, if you want to learn VSA, learn VSA the VSA way, and that includes avoiding the interval that I use.

[zeon]

	Quote:	DbPhoenix
	Yes, I did. But you're clearly having difficulty doing so, and you're not going to get the help you need on a thread whose denizens believe that trading off such an interval is "crazy". Therefore, again, if you want to learn VSA, learn VSA the VSA way, and that includes avoiding the interval that I use.

I was under the impression yours wasn't so far off 'the VSA way' given the multiple references to volume in your posts. And even in a reply to Eiger's post, you mentioned 'absorption' as being a Wyckoff term. So you are now admitting to those who are advocating not to use a 1-minute timeframe, that VSA is seemingly "incompatible" with such a low bar interval?

[DbPhoenix]

	Quote:	zeon
	So you are now admitting to those who are advocating not to use a 1-minute timeframe, that VSA is seemingly "incompatible" with such a low bar interval?

According to Eiger, yes, it is incompatible. Again, if you want to learn VSA, then learn VSA the VSA way.

[mister ed]

It seems there was a consensus reached a few pages back to refocus this thread on VSA/Wyckoff analysis but yet again the thread has diverted. This, I suppose, is inevitable; as the thread attracts more and more readers and participants the potential for going off on tangents increases, which is fine except the tangents have recently exceeded the content directly and specifically addresing VSA/Wyckoff. This is evidently frustrating for those interested in VSA and Wyckoff, especially given the thread's title and intent!

A lot of the tangents seem to be generated from questions to Db, which he, quite rightly, helpfully responds to. So, Db, I suggest you start a thread along the lines of "Q&A with DbPhoenix", or something like that, so that questions not directly and specifically related to Wyckoff/VSA, that may perhaps be more related to your blog and its contents, can be answered and discussed, and this thread freed up for direct and specific discussion of Wyckoff/VSA by those interested. If you prefer I can start this new thread.

I woud therefore request that questions for Db be directed to him at this new thread, while discussions of Wyckoff and VSA can proceed here.

[DbPhoenix]

	Quote:	mister ed
	A lot of the tangents seem to be generated from questions to Db, which he, quite rightly, helpfully responds to. So, Db, I suggest you start a thread along the lines of "Q&A with DbPhoenix", or something like that, so that questions not directly and specifically related to Wyckoff/VSA, that may perhaps be more related to your blog and its contents, can be answered and discussed, and this thread freed up for direct and specific discussion of Wyckoff/VSA by those interested. If you prefer I can start this new thread. I woud therefore request that questions for Db be directed to him at this new thread, while discussions of Wyckoff and VSA can proceed here.

I heartily agree, though a new thread is not necessary. Any questions directed toward me with regard to trading can be posted to my Blog (see below). I will also be happy to address any questions regarding Wyckoff's Wyckoff as opposed to SMI's or VSA's Wyckoff.

At the same time, I ask that neither I nor my trading nor my Blog be discussed here. None of it has anything to do with SMI nor with VSA.

[mister ed]

	Quote:	DbPhoenix
	I heartily agree, though a new thread is not necessary. Any questions directed toward me with regard to trading can be posted to my Blog (see below). I will also be happy to address any questions regarding Wyckoff's Wyckoff as opposed to SMI's or VSA's Wyckoff. At the same time, I ask that neither I nor my trading nor my Blog be discussed here. None of it has anything to do with SMI nor with VSA.

Thanks Db - let's give this a try.

Any questions/comments re Db to his blog please, any that appear in this thread I will try to move across.

[habi]

	Quote:	Bearbull
	As you can observe the whole drawn out debate ending with Db being told to get on his bike is due to the fact that reading buying and selling pressure via smaller time frame is being equated to scalping, this is a fundamental error and as I have said unless one has thoroughly understood the original Wyckoff teaching, it will remained misunderstood. He was not advocating taking positions via tick or 1min chart. If you wish to trade via 15min30min fine, however the smaller time frame allow a micro view into the price action, wave flows in that 15min bar, i.e how many times price knocked at the bottom or the top where it