Part One - Grinding
Oh my god (in the voice of Janice from friends) ICT still going at it with the dam Robins which between you and me is like the most shady competition ever ever! oh no but Larry did 1100% or whatever that was.... lmao...oh my god!!! oh my god!!! oh my god!!! What does all this have to do with VSA? It doesn't! But I can tell you that if ICT would learn how to read the volume his win ratio on those OTEs would be sky rocketing so let us begin...
First let me tell you that I don;t really have a template or a script for this so hopefully it is not all over the place; I want to talk mainly about VSA and effort vs result and hopefully I will be able to demystify some of the mistery surrounding this type of tape reading, because after all is it tape reading. You are looking at a visual representation of the tape and what you use in your decision making process is the same information Wyckoff would have seen on his tape, namely open, close, high, low and volume traded. I know lame, huh? Wyckoff was a tape reader, period. He would have loved the tick chart I am sure, but he would have found a way to trade it just the same. And the reason is that he was looking for certain things to happen on the tape that would indicate to him who was in control of price, the smart money or the dumb money, and he would fade their moves accordingly. The reason this is important is because it helps you understand that ultimately you are looking at the same thing he was, namely price action on the volume traded. And that is all you need to do, find out who is in control of price at any given time and make your decisions accordingly.
The first thing we need to understand about VSA is that there are certain things that happen on the tape that are to be considered either bullish or bearish depending on the context in which they occur. A lot of people tend to over complicate things and try to find patterns and all sorts of things on the chart that are not really there, or that are not really relevant. The truth is that there are only a few things you need to look for in order to get a good understanding of what is happening on the tape.
The first thing is to look for is what is called "the test" or "the shakeout". This is when price tests a certain level and then shakes out the weak hands before continuing in the direction of the trend. This is a very important move because it shows you who is in control of price. If the test is followed by a strong move in the same direction, then it is most likely the smart money that is in control. However, if the test is followed by a move in the opposite direction, then it is most likely the dumb money that is in control.
The second thing you need to look for is what is called "the climax". This is when price makes a final push in the direction of the trend before reversing. This is also a very important move because it shows you who is in control of price. If the climax is followed by a strong move in the same direction, then it is most likely the smart money that is in control. However, if the climax is followed by a move in the opposite direction, then it is most likely the dumb money that is in control.
The third thing you need to look for is what is called "the buying climax". This is when price makes a final push up before reversing. This is a very important move because it shows you who is in control of price. If the buying climax is followed by a strong move in the same direction, then it is most likely the smart money that is in control. However, if the buying climax is followed by a move in the opposite direction, then it is most likely the dumb money that is in control.
The fourth thing you need to look for is what is called "the selling climax". This is when price makes a final push down before reversing. This is a very important move because it shows you who is in control of price. If the selling climax is followed by a strong move in the same direction, then it is most likely the smart money that is in control. However, if the selling climax is followed by as move in the opposite direction, then it is most likely the dumb money that is in control.
These are the four most important moves you need to look for in order to get a good understanding of what is happening on the tape. There are other moves you can look for, but these are the four most important ones.
Part Two - Brewing
Tape reading is the art of reading the order flow in the market. It is a skill that takes time to develop, but it is well worth the effort. The reason tape reading is so important is because it allows you to see who is in control of price at any given time. This is a very important piece of information because it allows you to make better decisions about your trades.
The first thing you need to understand about tape reading is that there is a difference between the effort you put into it and the results you get from it. The results you get from tape reading are directly proportional to the amount of effort you put into it. The more effort you put into it, the better the results you will get.
The second thing you need to understand about tape reading is that it is not an exact science. There is no one perfect way to read the tape. You will need to develop your own methods and techniques. The goal is to develop a system that works for you.
The third thing you need to understand about tape reading is that it is a skill that takes time to develop. You will not become a master tape reader overnight. It will take months, or even years, of practice before you become good at it.
The fourth point I want to make is that tape reading is that it is not for everyone. Some people are just not cut out for it. If you are not willing to put in the time and effort required to master the skill, then it is probably not for you.
The fifth and final thing you need to understand about tape reading is that it is not always accurate. There will be times when the market does not move the way you expect it to. This is just part of the business. You need to be prepared for it and accept it. Once you have a good understanding of these five things, you are ready to start learning how to read the tape. The first thing you need to do is to find a good source of information. There are many books and articles written on the subject. You can also find a lot of good information online. Once you have a good understanding of the basics, you are ready to start putting it into practice. The best way to do this is to find a good trading simulator. This will allow you to practice your skills without risking any real money. A trading simulator is a great way to get started, but it is not a substitute for real-world experience. You will need to put in the time and effort to master the skill.
Part Three - Enjoying the ycoffee.
Now that we have covered the basics of volume and volume spread analysis, it is time to put it into practice. The first thing we need to do is to find a good source of information. There are many books and articles written on the subject. You can also find a lot of good information online. Once you have a good understanding of the basics, you are ready to start putting it into practice. The best way to do this is to find a good trading simulator. This will allow you to practice your skills without risking any real money. A trading simulator is a great way to get started, but it is not a substitute for real-world experience. You will need to put in the time and effort to master the skill. Once you have mastered the skill, you can start to apply it to your real-world trading. The first thing you need to do is to find a good source of information. There are many books and articles written on the subject. You can also find a lot of good information online. Once you have a good understanding of the basics, you are ready to start putting it into practice. The best way to do this is to find a good trading simulator. This will allow you to practice your skills without risking any real money.
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