long weekend charting 11,12,13 june, page-96

  1. 1,996 Posts.
    Funky - Good to have you pop in. My toes welcome you! I'm chuffed that we came to the same conclusion on ORD and your detailed analysis is always a pleasure . Its primarily the posts from you and Mitta that sparked my interest in VSA some months ago and I haven't looked back since. It took the "magic" and "mystery" out of TA and replaced it with simple logic and common sense. (Though I still think pitchforks are magic).

    5hareholder, I don't use the screener on pro realtime - As part of my VSA journey, I have mostly discarded indicators as part of my trading strategy - not that they can't be successfully used, and I have used them successfully in the past, but I find now they just add unwanted "noise" to VSA analysis. If I were going to use a screener I still haven't found one easier to use than the incredible charts screener - you also get access to "shared screeners" that other people have developed and put up. I haven't seen anything that looks for divergence however.
    What I actually use is the ig markets "auto chartist." What that picks up is developing chart patterns like ascending triangles and wedges and channels etc on various intraday time frames - I use that to find opportunities on say downtrending channels where price is at the top of a channel - I'm not interested in whether the autchartists thinks the pattern is bullish or bearish - I'm looking for VSA weak bars at the top and strong bars at the bottom etc.
 
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