See guy the way I have understood trading VSA is simple and straight to the point. I think that effort versus result is one important information we have to understand as VSA traders.
Happy profits guys
Happy profits guys
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DislikedThis is where software falls down. There are no reliable VSA based entries here. Sure there are signs to be read but, how you interpret the chart is all important.
In this instance, yes it works but, there are a great many times it doesn't. Also, bar 9 closes in the lower half of the bar. That is not a SO, it's just a down bar. Bar 10 they have labelled stopping volume. What has it stopped exactly? Price didn't move far on the previous bar (which had almost as much volume as this one). In fact it was the volume on the previous bar that did all...Ignored
DislikedNice to see some life here again... Intel it's great to have you back in the mix, you have been missed.
So as not to be left out of the cool kids party I am sharing a few random thoughts on using my daily chart. No point in particular but I am a big beleiver that VSA works no matter the TF. You just need to figure out how it works for you to suit your plan and MM style. I love HG's saying that we need to see what we want to see, where we want to see it.
For me the where is easy. I use VZA (volume zone analysis for those that aren't familair...Ignored
DislikedFollow up with today's view of the EU daily chart.
ROCK is holding up well thus far as a supply / resistance level.
Today is Friday and the last day of November so whatever is brewing we will most likely not see the results until next week. Perhaps another visit first to the HARDPLACE and then perhaps back down to the blue line...
Time will tell.
This whole trading week we have made little progress either way and have been very much rangebound... hopefully next week we will get a break and a little better weekly range.Ignored
DislikedGood bail, I have entered long and will hold for new monthly highs.Ignored
DislikedOne thing that made me smile when I had TG was its retrospective indicator marking. I can almost guarantee that the shakeout indicator was placed on the bar after the second part of the shakeout printed, possibly even after the bar after that printed.Ignored
Disliked......... once a down move is under way with weakness in the background, we often see demand coming in, GH said this is professional money supporting a falling market, why would they do this if the market is weak? surely they`ll be losing money by doing this.
GezIgnored
DislikedIntel,
Seeing your posting again can you answer this for me, once a down move is under way with weakness in the background, we often see demand coming in, GH said this is professional money supporting a falling market, why would they do this if the market is weak? surely they`ll be losing money by doing this.
GezIgnored
DislikedIntel,
Seeing your posting again can you answer this for me, once a down move is under way with weakness in the background, we often see demand coming in, GH said this is professional money supporting a falling market, why would they do this if the market is weak? surely they`ll be losing money by doing this.
GezIgnored
DislikedA couple of good answers already
There are several reasons for demand entering in a down move however, some times there is no demand entering at all. It just looks like it because price is rising.
In no particular order:-
1 SM do want to control the move.
2 We use the term 'SM' to describe an entity who moves the market at will. In fact, SM are made up of many groups of traders, some of which may want to stop the move. They will try to buy up the stock so it stops dropping. If they fail, price will stall for a while before it continues...Ignored
DislikedWhat can I say? Another brillant post. Thanks.
I have attached a chart of today showing some professional (SM) support during a down trend.Ignored
DislikedThere's a point i'd like to make about this chart and in support of multiple time frame usage. I know HG and Intel aren't great supporters of it, but hear me out!
At the bottom you marked some stopping volume, which is fine, i'm sure we can all see this. What's interesting to me is that the next bar is down. This may confuse people as we often look for the next bar to be up to "confirm" that this was in fact buying. The down bar does have healthy volume on it as well and it looks to be buying over two bars. This kind of concept confused me to...Ignored