Has anybody read: A Complete Guide to Volume Price Analysis by Anna Coulling? For those that have read it, have you found any instances where your VPA has been wrong or led you astray? I am practicing using VPA (Volume Price Analysis) on all of my charts and find it extremely useful. I am especially looking for situations where I could not predict price action using VPA. Usually going to shorter time frames helps provide the needed precision. I have not read Al Brooks or Bob Volman books on price action. I am wondering how they compare to the Coulling book above.
I read Coulling book. I really like it. Although as with everything you have to master it. As she says on the books, it would be very hard to create an algorithm which would to VPA. I also find it really hard to use it on a minute chart. What timeframe are you using?
I need to practice much more and reread the book to learn this cold. I think she did a great job with the book. I foolishly didn't realize how valuable VPA is for me until recently. I always start with daily charts and then work down to shorter time frames. I want to practice on many time frames to compare and contrast the analysis among them.
I would encourage you once you've read the book a few times to make real time observations , save charts to your computer with your comments and do a bit of study (live and historical) so you can come up with your own process and make it yours, it takes quite a while and work to get your head around vol properly and put everything together, good luck
I ran all kinds of tests (well over few thousands) on volume on various type of charts. Was not able to find volume in itself to have any meaningful info. For example, break outs happen on thin and thick volume about same number of times.
Hi- ran anything in conjunction with "buying" volume and "selling" volume I.E. offers being lifted etc, and further in conjunction with the bar moving up/down closing up or down wether it be a minute chart or hourly whichever ?
Yes, did extensive research there. Look at that thread that I started a while back. http://www.elitetrader.com/et/index.php?threads/dom-acv-and-bid-ask-wall-used-tgether.103293/ My product of trading was KOSPI 200 futures. The issue is that it is not scaleble.
Volume at Price seems to be based on a positive linear relatiomship between volume and price. I dont see this at all. Large liquidity at a level where price stays for some relatively lengthy period of time yields high Volume at Price.Then, liquidity(volume) can become very thin as price moves to a next level. This is counter-intuitive but makes sense as you cant always get what you want when the gettin is good and price is moving. Volume at price seems to be sold as a method to spot momentum but of course i could be wrong here. Time at Price would be my choice to spot liquidity and levels and to plan for momentum. But, if you were to compare how say, a major currency pair vs. a thin, momentum stock fit the Volume at Price method the results may be quite different.
Can you please define scaleble , means different things t odiffernet people, I get you cant do 200 lots.... but