Dislikedi am trying to add vsa to my trading weapons as i come from S/R trading
i have question about this setup
http://www.ps.wol-clan.de/img/picshare_1308941585.png
the upbar following the stop volume has higher volume as the stopping volume bar, so does this make the stopping volume bar not valid anymore?
cause as it turned out price is moving not up but sideways even there was a nice no demand bar
or are there other volume based warning...Ignored
The main problem is the time of day that the No Supply showed up (second line from left). It's at 20:00 GMT. I NEVER take a trade that time of day.
If you look at the volume following that NS it's all low, inherent to that time of day.
The second thing to remember is that high volume up bars that make little to no progress on the next few bars are a sign of weakness.
With that in mind, notice that very wide spread up bar that was on the highest volume of the day at that point (day starts Asia open). The next bar couldn't close above range and became a spring/upthrust/fake breakout like the one just shown by Duyk20.