(background information: where price is at on larger TFs)Ignored
Usually, a low volume test indicates that the market is ready to rise immediately, whilst a higher volume test usually results in a temporary up-move, and will be subject to a re-test of the same price area again at a later time.
Any down-move dipping into an area of previous selling (previous high volume level), which then regains to close on, or near the high, on lower volume, is a loud and clear indication to expect higher prices immediately. This is a successful test. Lower volume shows that the amount of trading that took place on the mark-down was reduced, that now there is little selling, when previously there had been selling. At this point, it is now important to see how the market-makers and specialists respond to the apparent strength seen in the testing.
DislikedI use it 90 % of the time . Last week 26 trades 7 losers , and it was a bad week for me . Typically I hit 80 to 85%
I read all the other posts by you .
reality is if you can grow an account 3 - 10% per week you are beating many of the so called bank traders and professional hedge fund managers out there. Most of these traders have NO clue what they are doing . This is why i took my own account into my own hands after a so called professional fund manager lost 35 % of my hard earned cash. I will never trust one of those morons with my money ever...Ignored
DislikedWhat TF do you use for your trade entries/exits and do you trade 24/7 or prefer certain sessions?
ps. thanks for your contributions to us vsa newbies and thanks to all the other vsa gurus out there.Ignored
Disliked2. I look at d1 h1 and m5. D1 for likely direction for the day and longer term trades. H1 for shorter term direction, and m5 for entries/exits.
Disliked....EDIT; this was posted by Obaidah in another thread......the following are H1 charts from esignal and MT4 broker, how interesting it is that their volumes data is just the same. (remove the latest bar from esignal chart because MT4 closed before it was formed and compare the data), just look for good data providers.
[u][b]I also made a extensive reasearch on this subject, and I can guarrante to everyone that "most" of mt4 brokers ofers tick volume that is around 80-90% accurate.....
also take a note that the bigger TF you use, the more accurate...Ignored
DislikedIts almost like stealing MoneyIgnored
Dislikedyes perfect. see BB's post above for a short that you could have taken earlier.Ignored
DislikedNo demand bar= low spread, low volume UP bar? Expectation to go down?
No supply bar= low spread, low volume DOWN bar? Expectation to go up?Ignored
DislikedI understand the basics of VSA and also that we need to look in the backround for more information for potential trade setups. I am still having problems identifying the bars associated with volume.
Would someone be willing to create some sort of Quick reference sheet to help us noobs identify these bars? Something basic like this:Ignored
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