Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
First, there is nothing to understand other than price goes up and down. As a trader, your only "job" is to make money. Why something happens is irrelevant. What is important is that you take appropriate action based on what is happening.
There are no more "details". If price is going up, I buy. Either I make a profit or my stop loss is hit. It is that simple.
At the ATW they do use VSA. Andy uses it on a 1min chart and basically watches for
3 things - upthrust bars, down thrust bars and also the low volume test. I attended a
free 30 day trial period with them and enjoyed it ( incase anyone wonders: No I am not from the ATW .....)
Yeah, ATW has VSA as one of the trading strategies they offer. You can sign-on on a free Trial Trading room session. I had a 30-trial with them but I could not afford the fee to purchase the unlimited Trading room, indicators and other systems they offer.
ATW seems to have good training setups/systems that teach how to be a trader, NOT how to use systems.
I like your style, but to say it is simple, not sure I'll go with that one.
If it were simple everyone would be doing it, and this would be the only
profession in the world. What I will give you is that everyone is searching
for the Holy Grail (ie Get Rich Quick Scheme) and that is not the answer.
I have recently started paying more attention to volume, but I can say,
I have traded without it and have been OK.
What I do see with Volume is that it increases the odds in my favor.
I rely heavily on the following things to serve as guide posts in determining Market Direction: Trend lines, S & R, Candles, Patterns, Fibs, Pivots, Multiple Time Frames and Gaps.
Would you share with us what you use to Read Price Action?
Thanks for taking the time to participate in this thread.