Originally posted by wilfran1pm
@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.
Originally posted by Jako8557
I've only had a quick squiz at the VPA pdf so far, and most of it is very much (or exactly) the same as VSA or Wyckoff analysis.
I do note that candlesticks are mostly used instead of OHLC bars (I haven't checked to see if the candlesticks are set up 'open to close' which is the standard way - but can cause issues with regular VSA analysis if you are not aware of the difference - or if they have been adjusted to show as 'close to close', which is the conventional way that VSA looks at the individual price action).
I also noticed that they have the buying and selling climaxes completely the opposite way around than VSA.
They have the VSA style Buying Climax called a Selling Climax, and the VSA style Selling Climax called a Buying Climax.
Not that it makes any real difference.......in the end it is just jargon.....
cheers
thanks for the links and comments, no time to study them. Always happy to pop in and read your charts analysis.
have a great weekend!
@Cabbie just saw your post on the AM thread, didn't understand what you were talking about when you say don't bother answering, then I come back here and realised BIG TYPO!!! previous post wad meant to say "noW time to study", not "no time to study". My typing skills are at their lowest I've turned a but dyslexic this year, not sure why that is
(20min delay)
