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Upthrust86
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[VSA] Volume Spread Analysis Part II
Upthrust86 replied to Soultrader's topic in Volume Spread Analysis
I'm wondering the same -
Can you recommend where I might be able to learn about options on the eminis? I'm a real newb for options, but would like to learn about them and trade them on a swing basis. Thanks
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That was "OK in hindsight," the operative word bring hindsight.
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The first two are OK in hindsight, but don't seem very practical in real time.
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I like this indicator, too, and have been trying to code it into e-Signal or metastock. Has anyone been able to do this?
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Frankly, from what I see you have these boxes drawn everywhere. Famous or not, if f I were trading this I would be bouncing in and out and in and out of the market all the time. Great for sex, but not for trading. I don't get this. I don't understand how to tade this or what sense this makes at all.
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You may be cynical on the world, but you must be optimistic on yourself. You would have to be in order to trade well. I prefer shorting, too. I think it is because of the quick profits. I also think it is because the market turns over more quickly at tops than bottoms. I find I have more stop losses in buying than in shorting. Because it takes longer, I think bottoms are harder to read than tops, so that is another factor for me.
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Surely Wyckoff identified more patterns than the hinge in his work, no? The climax is a pattern just as much as the hinge, and probably more so. The climax has a certain set of characteristics that form a pattern in volume, spread and close, and it is based on trader behavior. The same can be said of the secondary test.
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What is the significance of this and the NDX charts? Can you say what a Wyckoff analysis is saying here?
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Very nice. Are you doing all this by hand via Wyckoff Secrets Revealed?
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I think I read that they used the length of the actual ticker tape per half hour or something like that for the activity at one time. Maybe in today's world it would be tick volume.
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You could put in a trend channel or a resistance line off the AM wave highs. It started trending with higher highs/higher lows after the shake out at 5. The upper trend channel was a reasonable target.
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I'd love to see that. Thanks.
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Did Wyckoff ever talk about volume in relation to waves? He spoke about small waves building into larger waves and then trends, and also viewing waves as an indicator of trend change, but don't recall reading about volume in the context of a wave chart?
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Thanks. Wyckoff talks about how volume swells at the end of a wave and serves to stop price movement. Ord averages that volume into the wave, which seems to miss the occurance of that climax volume. I am reading his book now, and he has some interesting ideas. Software will probably never capture Wyckoff, at least totally. Thanks for the Barros link. I didn't know he was a Wyckoff guy.