Disliked....As has been said before - you dont need to get involved with every definition, use some common sense and get on with banking those slippery pips!Ignored
I have been getting killed lately, but now things are starting to turn for me. I think it has to do with understanding what and why things are happening. Rather than simply taking trade signals.
I know that price was balanced and then we had imbalance (trend). I know that price moved outside the initial balance (first hour range). And I know where the institutions are looking to come in (commercial capping levels). I know that price is at unfair highs when we see the Buying climax which is the start of the distribution phase. I know that this is responsive selling and not initiative buying. I also know that a good price target on the short would be back to the level where most of the trading has taken place-the Point of Control (POC).
Of course not everyone needs to know these things to trade. I'm just finding that I might.
Wyckoff VSA: (1) Supply & Demand (2) Effort vs. Result (3) Cause & Effect