@Hidden Gap The thing with the lines is that, as I said, you must have an area of interest to draw them, otherwise you have infinite lines that you can draw. Now, more people can play this game, I also made annotated charts of the same area of the 1H GBPUSD chart: With regular volume and peak indicator: {image} With Weis Wave and Cumulative Delta: {image} Nuances in cumulative delta showing how price was gonna go up: {image}
- #33,304
- Edited 7:06am Jul 12, 2020 5:24am | Edited 7:06am
- Joined May 2020 | Status: Trader | 304 Posts
Hi All,
My view about GBPUSD, EURUSD, GOLD and Bitcoin based on my VSA analysis. It is just for my learning process ... for educational purpose so it could be that these analysis totally wrong
GBPUSD H1, H4 (target)
EURUSD H1
XAUUSD H1
Bitcoin H1
All my analysis also could be found in my thread here ...
https://www.forexfactory.com/showthr...0#post13054910
My view about GBPUSD, EURUSD, GOLD and Bitcoin based on my VSA analysis. It is just for my learning process ... for educational purpose so it could be that these analysis totally wrong
GBPUSD H1, H4 (target)
EURUSD H1
XAUUSD H1
Bitcoin H1
All my analysis also could be found in my thread here ...
https://www.forexfactory.com/showthr...0#post13054910
- #33,305
- Jul 12, 2020 8:44am Jul 12, 2020 8:44am
Hi All, My view about GBPUSD, EURUSD, GOLD and Bitcoin based on my VSA analysis. It is just for my learning process ... for educational purpose so it could be that these analysis totally wrong
- #33,306
- Jul 12, 2020 12:59pm Jul 12, 2020 12:59pm
{quote} nice comparison. please share brief H1, M5 comparisons for major forex pairs at your ease. i would like to see the difference between that surrogate volume and futures market and to see if it really has any advantage.
Here is EURUSD forex chart with futures volume below for 5min and 1H:
- #33,307
- Edited 1:38pm Jul 12, 2020 1:28pm | Edited 1:38pm
EOD Analysis for the SP friday´s trading:
1st shorting opportunity for overnight was when price upthrusted the previous day overnight support (now resistance) with no demand. More shorting opportunities presented themselves also as no demand pullbacks after price pushed down with high volume in wide range bars that closed poorly. As price was reaching the previous day low (where price reversed in the previous afternoon NY session), the thrusts started to shorten, price was also reaching the ADR exhaustion level of the day, with buying peaks showing in peak indicator (same behavior of previous day). You can see how selling was being absorbed when there was no follow through at that level, with several bars closing poor with high volume (supply) and not being able to push down further. You can see how buying was starting to accumulate during the asian downmove on the cumulative delta, which started showing a huge divergence. Buyers then presented themselves in a nice counter move with huge size (both in wave size and volume), breaking the downtrend channel that started during overnight asian session. This was right before London opened, so you can see how one session usually pushes price in the opposite direction of the previous sessions (Asia going now, now London going up). After this change of behavior you could start looking for longs, a couple of opportunities presented themselves as two "mini springs", you can see the delta shows a huge buying accumulation gap comparing with the previous day low:
NY session open had a couple of shakeouts to scare some people out of their positions and trap the dumb money shorting in the hole. But not the intelligent VSA trader, because you know how to trade WITH them, not against. You can see how there is no follow though after those supply bars at the open, meaning bullish effort vs result. The first long opportunity, in my eyes, presented itself as a reversal bar the closed above the overnight high (previous overnight support), which looked like a spring with a pop in volume. You can see in the wave volume right before that that demand was overcoming supply, and we have strength in the background that started in London session. After that there were three more small no supply pullbacks where you could have added to your position:
Nuances in cumulative delta that would tell you where price really wanted to go. First at NY open showing the trap moves and effort Vs result on the left image, and on the right image the long position. You can see how the delta divergences would have given you extra confirmation/confidence:
1st shorting opportunity for overnight was when price upthrusted the previous day overnight support (now resistance) with no demand. More shorting opportunities presented themselves also as no demand pullbacks after price pushed down with high volume in wide range bars that closed poorly. As price was reaching the previous day low (where price reversed in the previous afternoon NY session), the thrusts started to shorten, price was also reaching the ADR exhaustion level of the day, with buying peaks showing in peak indicator (same behavior of previous day). You can see how selling was being absorbed when there was no follow through at that level, with several bars closing poor with high volume (supply) and not being able to push down further. You can see how buying was starting to accumulate during the asian downmove on the cumulative delta, which started showing a huge divergence. Buyers then presented themselves in a nice counter move with huge size (both in wave size and volume), breaking the downtrend channel that started during overnight asian session. This was right before London opened, so you can see how one session usually pushes price in the opposite direction of the previous sessions (Asia going now, now London going up). After this change of behavior you could start looking for longs, a couple of opportunities presented themselves as two "mini springs", you can see the delta shows a huge buying accumulation gap comparing with the previous day low:
NY session open had a couple of shakeouts to scare some people out of their positions and trap the dumb money shorting in the hole. But not the intelligent VSA trader, because you know how to trade WITH them, not against. You can see how there is no follow though after those supply bars at the open, meaning bullish effort vs result. The first long opportunity, in my eyes, presented itself as a reversal bar the closed above the overnight high (previous overnight support), which looked like a spring with a pop in volume. You can see in the wave volume right before that that demand was overcoming supply, and we have strength in the background that started in London session. After that there were three more small no supply pullbacks where you could have added to your position:
Nuances in cumulative delta that would tell you where price really wanted to go. First at NY open showing the trap moves and effort Vs result on the left image, and on the right image the long position. You can see how the delta divergences would have given you extra confirmation/confidence:
- #33,308
- Jul 12, 2020 6:11pm Jul 12, 2020 6:11pm
I can´t edit post 33.300 in page 1665 anymore so I will post this extra info here. I was looking closer at the cumulative delta where price touched the downtrend channel in GBPUSD 1H chart in june 29th, and there were more clues of strength building in the background. Check the nuances, you can really see the accumulation:
- #33,312
- Edited 11:19pm Jul 12, 2020 10:20pm | Edited 11:19pm
- Joined May 2020 | Status: Trader | 304 Posts
{quote} thank you very much. {quote} dude, there are lots of guys with years of experience and they are true VSA experts. I'm not, trust me. well, talking about my homework, lol, how can i comment on your charts if don't see any decision-making or scenario-explaining points? the way i try to annotate my understanding is something i learnt from this forum and especially from HG. please look at the setups posted by HG, anotan, blasterh, 1odi, gauer or others who explain their logic on charts; please don't get offended if ask about the same thing....
... so you see the same chart like me and you have knowledge in VSA maybe better than me .... just check your chart based on your VSA knowledge ... and open to say, i'm a bit lazy to explain from the scratch ... so just take it or leave it .. sorry ... i dont have time now in the morning ... have to teach my child for his school because pandemic he stay and learn at home .... maybe later after trading ... but i cant promise it ...trade well ...
- #33,314
- Jul 13, 2020 3:20am Jul 13, 2020 3:20am
- Joined Jan 2015 | Status: Trader | 1,460 Posts
Bad trade. Price went on my favor at first,then made a sideway move for a while until a push up that kicked me out with a bite at the high.{image}
{quote} I entered a long too, for a different reason. There are net stops (more stop orders than limit orders) around the level 1.26700. Market Makers might mark price up to take those stops. I'm not sure either. However, the R:R is worth a a try. {image}
, I just followed my long bias from my trading plan this morning ... my entries were under my trading level so hopefully the risk is limited ... lets see
- #33,318
- Edited 6:50am Jul 13, 2020 6:22am | Edited 6:50am
Bad trade. Price went on my favor at first,then made a sideway move for a while until a push up that kicked me out with a bite at the high.
I made some annotations for you. You had a LOT of time to jump out of that trade mate. Anyways, you failed to see the strength in the immediate background before you took the trade. Nothing wrong with taking the trade, you had shortening of the thrust, no demand bars, after a climactic bar, but you had to know the limitations of the trade, that it would not go very far, even if it worked, it would have been a scalp:
Divergences in cumulative delta volume:
