tradeit007

I find RSI useful to flag the end of a trend. When it tends above 80, you can expect a pullback soon.

Hi, Did anyone figure out the parameters for AC? Thanks, Rene

Hi, I joined this forum around mid-december and have read most posts in this thread. I have also read "Master the Markets" by Tom Williams. I have a question about volume adjustmentss around the holiday season. In "Master the Markets", p103, it is said: "It is a good idea to double the volume figures for half-day trading periods". Is this generally done, is there any other volume adjustments to make for dec-24 to jan-2 ? Thanks, Rene

Hi, I am not sure what the participants of this thread want to debate. All i'm saying is that I am more confortable with VSA than candlesticks. I don't know either. I might look into candles in a few months, for now its VSA. Cheers, Rene

Hello Brownsfan019, I don't have a warm, fuzzy feeling about candles, here is why. Say I look at 15-min charts. If I could move the price action of the day 5 min earlier, all those pretty dojis, hammers etc... would disappear. I find it hard to believe in a system that would rely on a single candle. It is really about data reduction. I would expect to have to look at at least 3 candles to compensate for the under-samling of the info. Just my 2 cents, Rene

I am new to the forum and I too am trying to go through the 100+ pages of VSA. It'll be easier to participate when I get the hang of it. I've been doing Glenn Neely's neowave for a year (a version of Elliott Wave) and am looking for something easier. tradeit007