Forgot to repost, here's a post I made in another thread that someone might find useful
http://www.forexfactory.com/showpost...ostcount=21309
http://www.forexfactory.com/showpost...ostcount=21309
Volume Spread Analysis (VSA) and background 5 replies
Trading With VSA - Volatile Volume and Spread Analysis 9 replies
What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply
Volume Spread Analysis (VSA) and the EURUSD 3 replies
VSA Volume Spread Analysis: No demand and accumlation 2 replies
DislikedI'm looking for testing after a sign of strength. It's kind of like, the sign of strength puts your tradey senses on alert, and then a test indicates it's time to enter.
the sign of strength could be that we're in an uptrend, there is evidence of accummulation, a reverse upthrust, wide spread down bar closing in the middle, etc.Ignored
Dislikedthis is the post-BOE decision gbp$ chart.
i guess both A & B can be classified as No Demand bars. B had less volume than A. B was followed by a small PB/upthrust prior the drop. do correct me, just in case...
EDIT: btw, there was a No Demand bar too on M30 4bars ago, on H1 3bars ago
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DislikedSC, I think those bars before the news were more like a lack of interest bars, rather than no demand. They fit the rules for a no demand bar, so you identified them correctly, but their significance isn't as high since there wasn't any great sign of weakness in the background. A no demand after an upthrust is a lot more significant than a no demand where we see strength in the background, or a no demand where we have just been in a tight range. Price had been meandering in a tight range all morning, and volume appeared to be light.Ignored
Dislikedlol .. again esignal superior data versus crappy mt4 ....lol
i set my start of session to start of london
the long of yesterdays poc in london was a give me ..... 200 pip tradeIgnored
Disliked...based on volume spikes:
so i noticed that price tends to come back and test previous levels where massive selling / buying took place - the precision amazes me! but that's not what i wanted to say here...Ignored
Dislikedbuy ... have tight stop ... this baby may go to 1.6800 test but no higher. By 2am pst tomorrow i am expecting 1.6600..... 180 pips lower
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DislikedI'm with you all the way up until the projected target. Looking at my chart, obviously it's a round number but I notice it's also the 76.4 fib extension. Confluence perhaps? Any clarification as to how you arrived at the projected target would be appreciated. Particularly interested in how you are able to call it precisely to the hour too.
Thanks for your postings btw, very informative.
LuxIgnored