We have only two options (beliefs) to play the game,
1. Market is Chaos
2. Market is Ruled/manipulated
Each option has its own reasoning ... but using option 1 and playing the market we need to be brave one!
using option 2 we try get some support under our feet!
Indicators,Volume Spread Analysis,Support & resistance, chart Patterns, are all belief systems ... and if they are making us money why not use them?
Taking Volume Spread Analysis as main using other as support seems to me to be much better way to play the game!
I feel VSA just claims/blames that, some major portion of all traders in the market (Smart money) is making moves with purpose ... and remaining portion of traders (Dumb money) gets trapped in these moves and loses the money ... But Dumb money never loses hope since it sees at least 1-10% of them are "somehow" become successful ... And he brings more money in the market and loses the same!
... We "the believers in VSA" are supposed to walk as close to SM footprints as possible and become profited in the end ... We have Volume and price as the clue for SM footprints ... We are supposed to understand the SM moves based on this and play as proxy SM!
This is my understanding of VSA system ... and untill it works why not use that?!
1. Market is Chaos
2. Market is Ruled/manipulated
Each option has its own reasoning ... but using option 1 and playing the market we need to be brave one!
using option 2 we try get some support under our feet!
Indicators,Volume Spread Analysis,Support & resistance, chart Patterns, are all belief systems ... and if they are making us money why not use them?
Taking Volume Spread Analysis as main using other as support seems to me to be much better way to play the game!
I feel VSA just claims/blames that, some major portion of all traders in the market (Smart money) is making moves with purpose ... and remaining portion of traders (Dumb money) gets trapped in these moves and loses the money ... But Dumb money never loses hope since it sees at least 1-10% of them are "somehow" become successful ... And he brings more money in the market and loses the same!
... We "the believers in VSA" are supposed to walk as close to SM footprints as possible and become profited in the end ... We have Volume and price as the clue for SM footprints ... We are supposed to understand the SM moves based on this and play as proxy SM!
This is my understanding of VSA system ... and untill it works why not use that?!
Thats very interesting observation.
Regards,