Traders Laboratory - View Single Post - [VSA] Volume Spread Analysis Part II
View Single Post
  #1025 (permalink)  
Old 04-11-2008, 03:30 PM
Sledge's Avatar
Sledge Sledge is offline
Sledge is PDF: patient-disciplined-focused

 
Join Date: Dec 2007
Location: Indianapolis, IN
Posts: 445
Thanks: 215
Thanked 103 Times in 66 Posts
Re: [VSA] Volume Spread Analysis Part II

Quote:
View Post
I guess I don't understand how you can't tell if you should go long or short. That's about as elementary as trading can get - long, short, no action - and throughout this thread there are examples of people not sure which one to do! And it's all about VSA.

From an outsiders view, that would say this VSA thing isn't nearly as clear as some may think it is, ESPECIALLY in real-time. And in the end, that's all that counts. After the fact charts do not put real $$$ into an account.
I wasn't asking for personal advice. I saw a nice real live situation present itself while I was flicking through my timeframes and said- Hey this would be a good lesson for others to try and figure out as well.

Since it was a real-time, live edge chart(s)- my basic question was if you were sitting there, you saw what I posted, what would you have done? I may have gotten a range of answers such as:

A. I'd wait for a higher volume downward move through the 1.97 area and confirm to go short
B. I am a scalper and I would have used the 1 hr chart to go long, watch the bars form and manually exit.
C. I would have done nothing since their was low volume and it was the Asian Market.

It was more of a curiosity as to what others see when looking at the very same information. I made my trade, banked $ and was happy. Guess I thought others may have seen it totally different and taken their own path.
Sledge


Last edited by Sledge; 04-11-2008 at 03:47 PM.
Reply With Quote