Naturally I am skeptical of 90% of the ” winning systems ” that arrive in my inbox and they end up straight in the trash folder. One such mail has just arrived from Tradeguider.com proponents of VSA or Volume Spread Analysis. The fans of this system claim it is a method to analyze volume versus price on a candle or series of candles to detect institutional buying or selling. Naturally the email has told me If I attend this seminar I will learn to trade like a pro in 30 minutes , but it also promises an introduction to the principles of VSA which does interest me given the belief has been instilled in me that price and volume are the only thing that matter. Initial research on this way of looking at a chart did intrigue me but I did not have the time to pursue it.
You can find out more here and register here
The online event is at 930am EST tomorrow , the 16th July. People who sign up can get a free book on the subject and attendance is free. When you sign up you also gain access to all previous webcasts.
A basic introduction to Volume Spread Analysis can be found here : Basics of VSA