Volume Spread Analysis (VSA)

[Smack]

thank you.

 

[Mistagear]

Thanks Mistagear.

Do you also use point and figure analysis charting if wyckoff is your primary?

In your opinion, what defines an acceptable amount of liquidity for you to trade in periods < 10 mins for Aus equities market ?

How do you measure this parameter of liquidity?

What is your opinion on using 5 min. periods?


Smack

Smack,
sorry for the late reply, I visit here very infrequently.

Am less likely to use P&F than Volume/Bar/C'stick chart however, where I see P&F as an advantage, the P&F chart takes longer to reveal it's message. That can be quite useful at times to allow a situation to develop rather than jump in too early.

Liquidity... A judgement call rather than some mathematical measurement. Once you feel comfortable with your ability to read price and volume cause and effect, the time period to suit you becomes fairly obvious in that the story the chart is telling becomes difficult to read if you pick too short timeframe.
For Aus equities I hardly ever use a 5min chart, I personally feel many aggressive bots chase the various T/A indicators/divergences etc and take advantage of many traders by triggering entries/stops. I look at swings in intra-day sentiment and try to tailor my own trading to suit.
The difference for me in US Futures is in the depth of trading styles participating concurrently, this tends to result in a more pure form of price action, preventing the market from being skewed by any particular group or style. That allows you to use smaller timeframes for reading sentiment. (My preferred chart is a Volume Chart)
Everything I have said above should be taken in the context that every trader has to develop their own style and comfort zone, what suits one may not work for another and usually does not.
Hope you get something of use out of this post

 

[mr. jeff]

Thanks guys.

Mr.jeff - you refer to a prehistoric version of tg. Is there a more current version in use now?

Banco - can you elaborate more on time of day heavily influencing volume.

Smack

Looks to be the same version as is currently available.