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23/02/16
20:41
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Originally posted by gamefisherman
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Hi Zandaya
Mate, that is good of you to say so, however it will be a long time before I am even in the same ball park with VSA/Wyckoff.
My medium term goal however is to be able to glance at a price and volume bar and to then be able to read it/interpret it from the abovementioned perspectives. Slowly slowly it is coming together. Could just go buy the software however in my case, (and others may well go and buy it as it apparently gives you the indicators if you turn them on) I want to able to do it myself without the help of the program. If I conclude that it is unrealistic after 12 months of study, then maybe I will for that extra support/assistance???
PS Really appreciated that link. Have had a glance, over 100 different setups.....amazing really...nice find and have put it in my cloud library.
In terms of the tipping comp, I have a long way to go. Kind of trying to find a balance and may well cut back the number of entries, however this is how I trade, I get it, average up when it goes my way.....or I dip my toe in a small way with a stop. If the trade goes against me I am out. Do it 3 times over then if no cigar move on to the next one. In the comp you dont get that luxury of a stop. It is an eye opener to see all those members 50% -75% strike rate over time. I suspect a few are using VSA and Wyckoff too by some of their chart entries are seen in my eyes anyway.
You and FMV doing a great job in the STT, keep it up and look forward to doing some more work over here in the meantime.
See you all tomorrow
Cheers
GF
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Hi GF I looked at the possibility of getting the software also, but it's ridiculously expensive so Every night I try and study up on a different VSA indicator and then look for them in my scans, I have a lot to learn but am really enjoying it
Cheers
Z.