all words...no chart...
More chart pls.. getting bored..
Sonic
More chart pls.. getting bored..
Sonic
VSA-divergence trading 187 replies
How to Blow $200 account using VSA--- 594 replies
VSA Journal 57 replies
VSA broker history change datas 11 replies
DislikedNo. As Tom Williams makes clear, test bars are ALWAYS on down bars.
You may find that on a higher timeframe it looks different - for example, there could be a test on the 5 min which results in the price shooting up - on the 15 minute it could end up being an upbar with a tail.Ignored
DislikedWhere does he state that all test bars are on downbars? Why can it not be an upbar? The example in MTM of a successful test has marked an upbar with it's close being higher than the previous bar?Ignored
DislikedI first heard it in the chart reading masterclass. He made a point of emphasising that ALL tests are on down bars, and if it looks like a test on an up bar you'll actually find drilling down a few timeframes that the test was on a smaller timeframe with the resulting move up being combined to make it look like a test on an upbar.
It make sense to me, that the SM will always test as cheaply as possible i.e. downwards. They will only push up where there is no selling into their buying, and as soon as they see selling they will rest, withdraw and...Ignored
DislikedI see... perhaps the upbar tests are the ones I see some referring to as hidden tests...Ignored
DislikedSounds about right - its not a biggie, but I think its important for newbies to understand what a test is trying to do, rather than focussing on the actual layout of the bar.
The end result is the same - your example above is a hidden test, but I think it would be good for newbies to recognise that what has happened here is on a lower timeframe the test took place, the SM were happy with the result and up it went.
Edit: I agree it would have been a nice trade btwIgnored
DislikedAgreed as it is the lower TF's that make up the higher TF bars... Looking back it doesn't appear that most take too much stock in whether the test bar closes as an up or downbar but more the reaction of the bar in that area of previous high vol.Ignored
Disliked
I used to look at tests as almost signals without properly thinking what they are, where now I recognise that they are one of the most important VSA signals, especially at an obvious potential support level.
I think for any newbies reading this thread the key is to recognise tests are at their most powerful at support levels - especially the W bounce in pres78's example above. Don't just assume any time you see a test its a signal to go long.Ignored
Dislikedcan someone post a 15min chart of gold and oil and es?
can't have access to mt4 right now.Ignored
DislikedI see... perhaps the upbar tests are the ones I see some referring to as hidden tests...Ignored
DislikedThis is purely a timing thing. All tests are on down bars. However, if the bar closes up slightly, it will become a 'hidden test'. It is hidden because it's not a down bar.
If we look at what a test is doing and what reaction we want from a successful test, we can see why a hidden test is also valid. There was low volume during the down move of the bar, then price rose back to the highs. At this point the test is valid but, the bar hasnt completed yet. If SM think the time is right (the test is successful) they will push prices up. In our little...Ignored
DislikedIf SM think the time is right (the test is successful) they will push prices up. In our little scenario, the test bar would now close as an up bar and on higher volume. This is where we gat a successful 'high volume test' from.Ignored