@Cabbie I thought I recognized the book cover. I actually have a Kindle version of the book but haven't read it yet. It must have been cheap on Amazon otherwise I wouldn't have added it to my collection.
@espiaz Gavin Holmes book "Trading in the Shadow of the Smart Money" is also a good start to VSA. If you go to the TradeGuider site http://www.tradeguider.com/ they are currently having a giveaway where you get the book pdf and access to the videos for FREE. You just need to give them your First name and an email address.
With the high volume bars I have found that you have to wait and watch the price action that occurs afterwards. I watch the Close level of these bars. If the price trades and stays above that level I assume that it was buying by the smart money. If the price trades and stays below that level I assume it was smart money selling into strength. It seems to work that way most of the time. The relative range of the bar can also be a guide as to what may happen next. Personally I never buy into large range high volume up bars.
Just my thoughts.
Hot Copper Charting and Chat, page-157
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Add XTL (ASX) to my watchlist
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Last
4,672.7 |
Change
33.200(0.72%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 4,639.5 | 4,672.7 | 4,638.7 |
| XTL (ASX) Chart |
