[mister ed]

	Quote:	DbPhoenix
	I don't want to get into a protracted discussion of what VSA is or isn't either. But it's important, for newcomers anyway, to understand where an application of VSA is appropriate and where it isn't. To point out that VSA is not necessarily appropriate to every trading application is not necessarily an attack on it.

No offense Db but much of your posting to this thread is an attack on VSA. That's your right, its a public forum, just gets tiresome for those of us that do see some value in it, thats all.

	Quote:	DbPhoenix
	It's easy to understand that a trader who elects to employ an approach that focuses on bars may choose an interval that provides a half-dozen bars per day rather than dozens, or hundreds. But even though he may understand that, for example, an hourly "no demand" bar is an amalgam of all the thousands of trades within it, even down to the tick, and that the "no demand" character of that bar may be more "meaningful" than a 1m "no demand" bar, and further that that bar may imply a larger move than that implied by a shorter-interval "no demand" bar, he must also carry a hell of a lot wider stop with that hourly bar

Re underlined - that would seem obvious.

	Quote:	DbPhoenix
	and he must be at least as specific with the hourly bar as with a shorter-interval bar regarding the conditions for determining whether and when the trade is correct or incorrect.

Yep, obviously.

	Quote:	DbPhoenix
	In order to determine whether any of this is "worth it" or not, one must have an internally consistent approach, if not a strategy, complete with a set of explicit and straight-forward rules that can be tested, both backwards and forwards. If the equity curve is not much better than flat, he must wonder if he's fundamentally incapable of interpreting the "background" behind his entries or if his approach and his rules are taking him in the wrong direction.

"Worth it" - there is the attack again. Again, not a discussion for this thread but I would be interested in seeing your "explicit and straight-forward rules that can be tested, both backwards and forwards" on the Wyckoff thread applied to the Wyckoff method - or is this criteria only applied to analysis methods you do not approve of?

	Quote:	DbPhoenix
	Therefore, yes, one can theoretically assume that the "magnitude of the profit expectations [will] differ because of the magnitude" of the bar intervals. But the gap between theory and application can be exceedingly wide.

Thanks for the answer to the question, and the dig, again.