Disliked{quote} Thanks Hiero. Will try to do myself before posting next time. Learning a lot from you. Thanks, LO-TraderIgnored
volume ask volume bid 0 replies
Disliked{quote} Thanks Hiero. Will try to do myself before posting next time. Learning a lot from you. Thanks, LO-TraderIgnored
DislikedHi Hiero, Volume looks to be much better today on NIFTY option. Below chart is on M5 time frame. When I look back now I feel like it is following VSA principles. 2: volume was too high and bar closed below 30% of the range. Lot of selling. 4 & 5: looks like stopping volume 6: less volume on a upbar. ND. no sign of going up. But SOS. 7: was a successful test. 8: supply coming back to market. 9: was a successful test as the next bar was up. A: was a successful test as the next bar was up. B: supply swamping demand. SOW. But next bar was a successful...Ignored
Disliked{quote} One other major point here, candle "B" was more than supply swamping demand, it was someone (or someones or MM or SM ect) absorbing supply. You have to always decipher what these kind of candles are after a WRB, real weakness (like an upthrust) or hidden strength (what I consider to be an inverted hammer out of place) and vice versa for the reverse situation.Ignored
Disliked{quote} Sorry. I m not able to get this point very clearly. How can I make out its a inverted hammer or upthrust? Both looks similar. One SOS what I can see is on the previous bar of "B". Its a nice up bar with good volume but not ultra volume, which signifies strength. Or is that your point is "Bar B shows duality". And wait for further signs? Thanks, LO-TraderIgnored