As regards the current financial market of Vietnam, despite the infamy that Forex, Crypto and Securities Trading are often associated with, there still exists a segment of pertinacious and professional traders who views Trading as an official investment channel as well as a bona fide career. In response to such fervor, VnRebates aspires to contribute to the establishment of a progressive community as well as a mutual playground for Traders.
Following the advance of the market, Trading has transcended. It is now referred to as a real science with the advent of countless trading strategies worldwide. In Vietnam, most traders opt for the Price Action approach together with a myriad of other apparatuses when trading. Nonetheless, no strategy is infallible and the Price Action Trading Strategy is of no exception. Thus arises the question of what elements we can utilize to counteract its flaws.
The first pivotal element is Volume. Charles Dow, the progenitor of Technical Analysis, made an emphasis on the magnitude of Volume as he postulated that Volume must confirm the trend, meaning that in order to trade successfully, one must never overlook Volume.
Volume must confirm the trend - Charles Dow's Six Secrets to Market Success
"Price only manifests a half of the truth, the other half lies in Volume." This saying denotes that Volume unravels the Market. Through the comprehension of Volume, we can surmise the behaviors of Market Makers and Institutional Investors, aka "SHARKS" as well as realizing which side of the market they are on.
No matter how proficient they are, "SHARKS" always leave behind traces on the market while on the hunt. Aside from anomalies in terms of Volume, the traces also manifest during their accreditation of supply and demand as well as their planned manipulation of price. With that in mind, the VSA strategy is developed to effectively detect such traces.
This strategy aims to analyze fluctuations in price on the basis of the harmony between supply and demand, meaning that disequilibrium in supply and demand resulting from the conduct of professional traders as well as "Sharks" will unfold before your eyes. As you master the VSA strategy and Volume comprehension, the presence of "Sharks" and their movements will be laid bare.
In fact, "Sharks" do not make the water flow their way, but rather lie in wait for the timely moment to strike. As soon as favorable conditions emerge, they will take advantage of their prowess to manipulate the market and make the most out of the situation. Hence, failure to recognize Sharks' intentions will result in your going upstream, meaning that you will be making infinitesimal profits or, in the worst-case scenario, devastating losses will be imminent.
That being the case, your trader mindset should be shifting from questioning whether you can place Buy/Sell orders when acknowledging particular Trade Signals to pinpointing whether Sharks are on the Buy or Sell side and whether certain candlesticks have manifested the traces of Sharks or not.
On such basis, VnRebates devises the "VSA & Volume Master - Swim with the Sharks" video-based course, best suited for: