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2. What is VSA

Volume Spread Analysis

Was invented by Tom Williams (Author of Mastering the Markets ) and is based on the teachings of Richard D. Wyckoff. VSA takes the spread ( the range of the candle/bar ), it's closing price and the relation to volume.

VSA is based on the theory that markets are manipulated by professionals (Smart Money). The smart money has the capital required to move the markets in a desired direction.

VSA enables us to read the footprints and intentions of the smart money and follow their actions and trade with them, instead of what we believe will happen. VSA helps us trade what is actually happening rather than what happened before or what we think will happen in the future.

When trading with VSA the only relevant indicator is the Volume Indicator. No other indicator is really relevant.