Smart Money (Volume Spread Analysis) Works In Forex!!!
Trading in the shadow of Smart Money. Learn to trade in the same direction. If you are going to play it You better understand it. The Masters & Teachers of the Wyckoff Method & Volume Spread Analysis: Tom Williams and Richard Wyckoff. If you put on your charts just daily charts with the On Balance Volume indicator only (or Tick volume) - might change how you look at and trade Forex. The chart never lies!!!
The “Smart Money”
Trade Large Enough Size To Actually Affect the Price Movement of the Instrument Being Traded and Can Change the Trend of Price But They CANNOT Hide Their Footprints on a Chart When You Learn VOLUME SPREAD ANALYSIS
What Is Volume Spread Analysis?
Most traders are aware of the two widely known approaches used to analyze a market- fundamental analysis and technical analysis.Volume Spread Analysis, however, is a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of 'why' and 'when' simultaneously.Smart Money buy or sell they cannot hide their volume footprint (although they try!!)
At it’s core, Volume Spread Analysis or VSA is a methodology based on the original works and teachings of Richard D Wyckoff, a trader in the early
1900’s. The methodology seeks to establish the “cause” of price movement on a chart. The “cause” is simply the imbalance of supply and demand as the
market trades, resulting in strength or weakness in the market being charted. For the correct analysis of volume, you need to understand that the recorded volume contains only half the knowledge required for a correct analysis. The other half of the knowledge is found when observing the spread (or range) of the price bar and the closing price on that bar. Volume indicates the amount of activity on the price bar and the spread or range of the bar shows what the price actually did, and most importantly where the price finally closed. FYI: Please you tube and/or google VSA more- this will simplify Forex trading.
How Can Volume Spread Analysis Identify These Moves?
Volume = Activity. Interested in volume because it tells consensus of opinion among “Smart Money” Spread and Close in Relation to the background Confirm
The “Smart Money”
Trade Large Enough Size To Actually Affect the Price Movement of the Instrument Being Traded and Can Change the Trend of Price But They CANNOT Hide Their Footprints on a Chart When You Learn VOLUME SPREAD ANALYSIS
What Is Volume Spread Analysis?
Most traders are aware of the two widely known approaches used to analyze a market- fundamental analysis and technical analysis.Volume Spread Analysis, however, is a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of 'why' and 'when' simultaneously.Smart Money buy or sell they cannot hide their volume footprint (although they try!!)
At it’s core, Volume Spread Analysis or VSA is a methodology based on the original works and teachings of Richard D Wyckoff, a trader in the early
1900’s. The methodology seeks to establish the “cause” of price movement on a chart. The “cause” is simply the imbalance of supply and demand as the
market trades, resulting in strength or weakness in the market being charted. For the correct analysis of volume, you need to understand that the recorded volume contains only half the knowledge required for a correct analysis. The other half of the knowledge is found when observing the spread (or range) of the price bar and the closing price on that bar. Volume indicates the amount of activity on the price bar and the spread or range of the bar shows what the price actually did, and most importantly where the price finally closed. FYI: Please you tube and/or google VSA more- this will simplify Forex trading.
How Can Volume Spread Analysis Identify These Moves?
Volume = Activity. Interested in volume because it tells consensus of opinion among “Smart Money” Spread and Close in Relation to the background Confirm