[Eiger]

Chart for last post ..............

[forrestang]

Originally Posted by Eiger »

Hope this is helpful,

Eiger

It is! I have a 60 min on my screen now and see what you're talking about where it pushed through. Concerning VSA, would it be unwise to initiate any shorts when such a thing occurs? To include the short I posted from this morning?

Would you personally look only to the long side when you get a Push Through Supply?

[Bear Mtn.]

Originally Posted by Eiger »

So, looking at the background first would answer your question about whether or not this was a good short. The answer is no, because the background was exceptionally bullish.

Good post Eiger, but doesn't forestang's goals for the trade (i.e. what sort of entry was he looking for - a quick retracement or something more substantial) come into it?

If he was looking for a day position then yes the background would be critical in going with/against trend. Maybe you could enlighten us as to what sort of position you were aiming to get into forest? Although I have a guess at an answer already considering your on a H1 bar...

[forrestang]

Originally Posted by Bear Mtn. »

If he was looking for a day position then yes the background would be critical in going with/against trend. Maybe you could enlighten us as to what sort of position you were aiming to get into forest? Although I have a guess at an answer already considering your on a H1 bar...

I was looking for a retracement of some sort.

[Tams]

Originally Posted by forrestang »

I was looking for a retracement of some sort.

Why ask for a hamburger when you can have steak?


Rule # Uno: The Trend is Your Friend. Don't argue with a friend.

[Eiger]

Originally Posted by Bear Mtn. »

... doesn't forestang's goals for the trade (i.e. what sort of entry was he looking for - a quick retracement or something more substantial) come into it? ...

You (by your statement, I don't mean you personally) are basically telling me that you want to put your preferences ahead of the market. Not a prudent idea. The background will help you assess what type of trade is likely to work. Let the market tell you what to do, not the other way around.

Eiger

[Bear Mtn.]

Not really Eiger... what I meant was more that within any trend (this one being bullish and with established background as you pointed out) there will obviously be short term moves to the downside periodically. What I was wondering was if forest was trying to catch one of these by studying buying action / volume. If so, wouldn't this be legitimate - as long as expectation as to the potential risk / reward are kept in check?

Hamburger vs. Steak as Tams put it, right enough... but I just wondered if forest really was trying to order the hamburger (and he was)

[brownsfan019]

Just one observation as a non-vsa guy - the thread was rather simple 'is this a short'. It quickly turned into a 3 page discussion w/ all sorts of opinions.

What appears to an outsider as a simple question has needed 3 pages so far and there are still questions.

Don't take this the wrong way, but does this stuff work in real-time? If so, can any of the VSA'ers join us in the p/l thread and show that it does? I've seen this kind of stuff discussed here for a while, yet have never seen any definitive proof of this working in real-time.

I ask b/c if no one is making this work in real-time, then these questions are just the blind leading the blind.