The trick is that some trades are 2 faced, in that the market can turn on us midway. VPLT will give you a lot of confidence to trade in a direction, but...and the BIG but.....you have to be ready to accept a market turn, and not get fixated in 1 direction....or 1 decision. Let the market tell you...you don't tell the market.
The beauty of VPLT is that if you are wrong, the usual turn around can be caught and the losses non-existence or very low. As well, it should be very rare that you get a continous string of trades wrong. If you start getting a string of wrong trades, then you need to take a good hard look at why you are seeing things in reverse, and turn your mind around...the market is too hard to move...eaiser to turn your brain.
There are a lot of moves in price/volume that become recognizeable....I don't want to say patterns because then people blindly trade patterns and that can be dangerous. However, these recognizeable moves will give you a starting point, or make you double check your position. The most common of these recognizeable moves is the volume drop before and after a volume peak...in live trading it can give you a definite advantage to either being in/out of a trade. I know that is like saying "the sky is blue", but when in a live trade, you'll be amazed how helpful that knowledge is.
The weekend is here, it will give me a chance to post some charts with reasoning for long/short.
DislikedTrying to determine which way price will go using VPLT reminds me a bit of those pictures that can be different things depending on how you view it... is it a vase or is it two faces? LOL. I am determined to learn how to view the price/volume relationship to see what the charts are actually telling me instead of what I want them to tell me. Practice, practice, practice.Ignored