I got a pdf file from another trading site a while ago which described volume spread analysis. It referred to "Smart Money" and "Composite Operator" and the need to follow the Smart Money by looking for it's footsteps in volume and act as a predator against the retail investor herd. It seems to me that you advocate a similar view (i.e. follow The Money) except that you don't use volume. So how do you know when "The Generals" or "Smart Money" or whatever term you wish to use, is acting and showing it's hand?
BTW I think your views are very refreshing
VSA is of limited value and is only useful is you are a systems trader, which,
The Expert is not
The Expert can be called an RTA, or, Real Time Trader, with, the main focus being on WHAT is happening right now in relation to what has happened in the not too distant past, and I mean NOT TOO DISTANT
By all means know YOUR levels, but, more importantly, know The General's levels
As for the idiots, well, lets just say that they will NEVER know what
The Expert knows, for, they are BLB traders, or, Blind Leading Blind
If you care to reflect on what I say, and do, you will clearly see that The Expert is right, more times that he is wrong, which, is the essence of GOOD TRADING
Ignore what the idiots and fools say, AT ALL COST
cheesy:
TE