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Old 04-11-2008, 02:37 AM
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Re: [VSA] Volume Spread Analysis Part II
Quote:
Sledge
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Ok VSA'ers-- I have a riddle for all of you.

Posted below are (2) charts a GBP/USD 1 Hr and a GBP/USD 4 hr.

On the 1 hour chart you see a nice WALL of resistance around 1.9705. Indicative of a market rise is coming.
On the 4 Hour chart you see an upthrust after a nice start to the downward move. Which is indicative of further decline.

So if you were to take a trade looking at these charts. Would you go long? Or would you go short?

Looking forward to how everyone reads and analyzes this to come to a conclusion!

Attachment 5959

Attachment 5960
Since you are trading spot forex, where are you getting the volume shown in your charts from?

-fs

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