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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
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Ok, this is just priceless.
First - no responses from anyone even taking a stab at whether you go long or short here.
Second - the fact that the question is - should I go long or short here - just emphasizes how arbitrary this
VSA stuff really is. It's either a long or short and it should not be hard to figure out which one IMO.
I have NO IDEA the answer to your riddle, but it sure is entertaining to read yet another post in this thread about whether to go long or short...
This
VSA thread is quite the interesting read from afar. Seems like a lot of the blind leading the blind... is anyone actually using this stuff in real-time? If so, where are they at?
I just can't get over the 'do I short or go long here' posts... If that's difficult, good luck managing your stops and profit targets.