Would appreciate any idea
I just have such a thought that if it was bearish volume - then we wouldn't get that high volume up bar
I just have such a thought that if it was bearish volume - then we wouldn't get that high volume up bar
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DislikedWould appreciate any idea I just have such a thought that if it was bearish volume - then we wouldn't get that high volume up bar {image}Ignored
Disliked{quote} Last downmove (approx. 15 candles before left vertical line in the middle) market falls evenly. Look at 5 consecutive bars on my picture below. At 1 bar vol increases and bar closes at the top. If it would be all sales - bar should close at low. But it closes at high so there is demand present (buyers). Strength appears. Bar 2 - closes at the 1/3 from the top - like before buyers, Strength. Bar 3 - more or less neutral, but look at down wick - here is also buying. Bar 4 - again, bar closes in the middle at increasing volume = more buyers...Ignored
Disliked{quote} But what about wick of bar 3? Its not such big. Why is not this logic : Bar 1 - vol increases close at top - well, first sign of strength Bar 2 - if Bar 1 have increases vol with buyers, so why we got down bar? Down bar, increases vol, but close at top - i would say its neutral, сonsidering previous Bar Bar 3 - increased vol, down bar - weakness Bar 4 - close at middle, high vol - we got buyers here, well if next candle up - it will be obvious strenght Bar 5 - even more vol up bar with close at top. Yeah, but is it enough to go long...Ignored
Disliked{quote} The key question here is this a proper place? I mean this could be a setup for entry but only if this place is proper. The obvious VSA entry described above is imho a bit risky. I wouldnt take it, I am not sure as I dont see higher TF, trading only on one TF is suicidal I think. In situation as above I would wait for a clear move up, and maybe entered there after breaking of a descending trendline. The alternative is to wait for a impulse up and a next correction on a lower TF to entry. Reverse upthrust, squeeze, imho are good signals to...Ignored
Disliked{quote} I just want to understand what every bar mean and how to read them.Ignored
Disliked{quote} You're trading a method that relies on the background. Think about that, if weakness is in your background then you're going to ignore signs of strength. {quote} First November 24th was a major holiday in the USA, personally I don't trade Thanksgiving week, Christmas Week or New Years week. So normally I don't even look at the charts because they are much more likely to be manipulated. Also one of your posts you said that all you need is VSA+PA to trade, I personally disagree with that. I think you also need some sort of support/resistance...Ignored
Disliked{quote} Thx for you reply! Well, I have included the concept of S/R and trend in PA. Surely, i use them Again, what about bar 6? For you its increasing volume, but as I see it - lower tham MA = low volume. Or how to understand then where vol is low and where is highIgnored
Disliked{quote} The book Master the Markets defines a ND/NS as volume less than the previous two bars, so that's what I've always used. The volume on bar 6 is steadily increasing from at least 2 bars back.Ignored
Disliked{quote} Big thank you for responsiveness! I just want to understand what every bar mean and how to read them. I understand its all about background and we cant analyze 1 candle separately, but whatever TF it is i just want to know what each bar have to mean/ For example (look attach.) : Let all three bars be medium spread, but with different vol. And let them all be at the middle of bullish trend. 1 bar (high volume, not extremely) - well, buyers more than sellers (surely we have to look at the next bar), so they buy - we got nice bullish bar with...Ignored
Disliked{quote} Omg, really? I have to read translated version, and never saw a mention about "less than two previous bars". Looks like i have to read original and translate it myselfIgnored
Disliked{quote} I see VSA as a way of understanding market behaviour, so without the context/backgrupund/market behavior bars alone have less meaning or none. I divided distribution to three phases. Each has characteristic signals present. And only in this conteht these signals have tradable meaning. Example: 1. Buying climax in phase one (beginning of a distribution, also there can be EORM, SCI, UT, many high or UHV volume signals. ) 2. Phase two is "proper distribution" - here you can have virtually every signal of weakness, however none is tradable....Ignored
QuoteDislikedYou asked about how to tell if volume is high. Tom always talked about relative volume. My interpretation of that was to look at the previous few bars.
A. Look at the previous 4 or 5 bars. The volume on A is probably double compared to the previous bars.
B. This volume is high as well, but not as straight forward. You have 3 bars that are very high compared to the previous bars, then after the 3 bars volume drops off quite a bit. I would look to a higher time frame for a better read on them.
C. This is straight forward high volume, its quite...
QuoteDislikedHope Hawkins will allow me to use part of his picture.
Situation where we are in a downtrend and move up is a corrective one. In a second leg price increases and volume decreases, sudeenly we have "yellow volume" - volume les than last 20 bars, almost none. And slightly above we hale supply level.
Market moves there and surprise, surprise - supply appears as a high volume upthrust...
Hope you understand the logic. I am not sure (as I dnt see higher TF) but this UT can be tradable. It apperared in perfect place. This is an example of a signal...
Disliked{quote} Honestly, i dont understand some words : EORM, SCI, TBR's, squat. Cant google this patterns (if they are). About candles, it was not three candles in one uptrend, i just asked what each such one candle alone should mean. We see up bar with close at top with high vol and medium spread - what we can say about this bar? Same to medium and low vol. {quote} {quote} Thx a lot, guys! I think i start to understand how to identify what volume is it. Let me try: Bar 1 and 2 - obviously is high volume bars We see up move between bar 2 and bar 3, but...Ignored
Disliked{quote} EORM = end of rising market SCI - supply coming in TBR - two bar reversal, Squat - (not VSA but Bill WIlliams signal) - volume equal as previous bar, spread smaller (means that the bar was "squeezed" due to supply or demand). As far as I remember these bars are described in the second book by Gavin Holmes "Trading in the Shadow of Smart Money II". Your picture with green bars - I cannot answer because these bars can mean different things in different places. Looks like you are starting to see the VSA logic It will be helpful (I...Ignored
QuoteDislikedTrading in the Shadow of Smart Money
DislikedI highly recommend to study some original Wyckoff material as well.Ignored