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Your post is confusing to me. You say you don't want to use candlesticks but you want to use price action & vsa. To me they're all the same. Candlesticks are just one way of interpreting price action. I started using candlesticks after reading Nison's book. After a while I changed my chart to OHLC, however when I see a OHLC bar I still see the candlestick in my mind and think about what happened between the buyers & sellers.
I specified what I don't like in Candle sticks (i. e. having to know what "DOJI", "HAMMERS", "HANGMAN" "SHOOTING STAR, etc mean). OHLC and HiLo does not (I suppose) tell you if the OHLC/HiLo bar is a "DOJI", "DRAGON FLY" or "SHOOTING STAR". OHLC and HiLo types are sufficient for VSA.
You just said it ("however when I see a OHLC bar I still see the candlestick in my mind"). With OHLC, you do not see candle stick visually in the form of "INVERTED HAMMER, SPINNING TOP, etc). OHLC can tell me VISUALLY and CLEARLY the "High", "Close", "Open", "Low", and "Double Top/Bottom"; and which are useful for VSA. I don't need Candle stick, OHLC, or HiLo bar type to recognize "HEAD", "SHOULDER", "INVERTED HEAD/SHOULDER"; Line on Close chart style can tell me all these.
It's funny because I think the two candlestick patterns you mentioned are very relavent to VSA. I think that's valuable information but if you choose to focus on other things then nothing wrong with that.
I'm new here and I've been examining this thread and others for half the day. Very, very happy to have found this forum and Mike's great blog.
Wizard ... I wish you the very best with your surgeries. I have one coming up also and I'm not happy about it either. So I sympathize, empathize, and hope everything goes perfectly -- and that you recover very quickly.
hi frans,
not everything is "ready-to-use" or "get rich out of this box" here - what about examing something on your own ? no way to learn more on the road than by trying + playing with the stuff
