[VSA] Volume Spread Analysis Part II

[Sledge]

	Quote:	dandxg
	As I recall ND's are shorts only, although I am no expert, by any means.

Dan-
Actually a No Demand bar as defined by VSA is an UP bar with less volume than either of the previous two bars. It MUST be an up bar.

Sledge

[Sledge]

	Quote:	Eiger
	Here is a failed trade. I'm not sure why it didn't work? I went long at M on a No Demand bar at pretty good support.

Eiger-
Chart on Post #812
Ok are you talking about the 10th bar in from right? If that is the bar I think is "M" I see a TEST that closes in the middle of the bar- which IS an indication of higher prices to come, and yes I would have gone long as well.

Sledge

[dandxg]

	Quote:	Sledge
	Dan- Actually a No Demand bar as defined by VSA is an UP bar with less volume than either of the previous two bars. It MUST be an up bar. Sledge

Right understood. I just meant you would not go long on a no demand referring to Eiger's previous post, a simple miscommunication.

[Sledge]

Dan-
Heh, it appears you had it cleared up and I threw more miscommunication in the mix.
Sledge

[Eiger]

	Quote:	Sledge
	Eiger- Chart on Post #812 Ok are you talking about the 10th bar in from right? If that is the bar I think is "M" I see a TEST that closes in the middle of the bar- which IS an indication of higher prices to come, and yes I would have gone long as well. Sledge

You are right, it is a Test, not No Demand - my mis-speak. I thought it was a good buy location, too, as there was a small spring and we were trading at the Demand Line. I was just wondering if anyone saw anything that would have indicated that there was supply in the market that I didn't see.

[dandxg]

	Quote:	Sledge
	Dan- Heh, it appears you had it cleared up and I threw more miscommunication in the mix. Sledge

No worries friend. As a friend that helps me says just trade well.

[Bearbull]

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

[DbPhoenix]

	Quote:	Bearbull
	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

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.

[mister ed]

OK with that said I hope this is the end of the navel gazing. We have had enough of the distractions, now back to VSA and Wyckoff in this thread. Traders Laboratory has almost unlimited resources for starting new threads. Let us keep the focus here please and generate new threads as we generate new ideas or delve more deeply into related areas.

[habi]

Db, Bearbull

I think, we are all interested in VSA as a whole. And since VSA is based on Wyckoff, we are interested in this theorie too. The point is not, that we are not interested in other versions how to read price/volume action, but it seems, that we are not able to follow exactly what you mean.

Let's look at yesterday's price action. Price went down near 1360-support, then up to close the regular session gap and then down again on lower volume. As Db mentioned, this was the point to find an entry. Once you have taken the long position, you follow the price action. Is it possible to describe, what you are doing now? Do you follow the price action just in a 1 minute- or any other chart? What are your thoughts, when you see the higher volume between 1371 and 1375? Db said, that support was on 1360 and resistance 1380. Do you saw some weakness when we reached 1377.50 or was it just resistance from yesterdays high to close the position, assumed, that it was closed there? In my view, this trend was of good quality until the top and also the following downmove was not that worse.

Please give us some examples, how you read the price action, there is no need to post them in realtime. Just, that we have a better understanding what you mean.