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Old 03-14-2007, 02:57 PM
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Re: [VSA] Volume Spread Analysis

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like it or not Tin... we end up on the same simple corner.... thats a simple hammer with volume surge at support (period).... wanna make it more complicated with vsa etc, etc,etc.... you can make it, but this is the old same good school being thought with some diferent sutil changes.... no new cience here... no new edge... lol...
I have made the case before that things that are true tend to transcend methodologies. That is, for example, an ideal No Demand bar would close in the middle on a lower range and volume less than the previous two bars. From a candle perspective, which is not VSA, if this bar was a Doji then the market is showing indecision.

Another example would be what Bill Williams calls a squat. Basically a squat is a bar with a narrow range and higher volume. VSA teaches us to pay attention to a narrow range bar that has higher volume (especially) if it is ultra high and closes in the middle. Essentially, this is just a more specifically defined squat bar.

The point, yes many other valid methods will have various underlying concepts in common.

As far as being new, Wyckoff was doing this in the 1800's. Which proceeds the time candles were introduced in America.

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did you notice yesterday how Gavin timed his trades ?.... great contradiction was there... he sayed "weaknes comes on up bars" great input indeed (maybe the only one I did capitalize from yesterday) BUT then his entry was on a swing low of volatility H (old classic past information technical tool, we indicator junkies use) mmmmmm you see... thats a contradiction.... now Tod DID take the trade with the up bar going on.... maybe he has more confidence on what he preaches.... but any way... still the same GOOD old concepts being preached with some variations... I repeat no new cience here... still good cience indeed... Nice trade there Ting.... cheers Walter.
Yes. Todd is the true expert not Gavin. I hate watching the webinars with Gavin because he does basically use an indicator based system. The very thing we abhor!!!!!!! He needs to take the "h stops" off the chart and focus on price and volume. Gavin is also too dependant on the TG signs rather than what the bar itself has to say. He does believe in Volume Spread Analysis and thus makes an okay salesman, but is not he is be no means the ultimate chart reader.

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