Meditate -> Workout -> Good Food = Good Life!
- #34,083
- Sep 20, 2021 10:16pm Sep 20, 2021 10:16pm
- Joined Jan 2015 | Status: Trader | 1,460 Posts
It's really nice seeing the increased activity in this thread, plus multiple people posting trades is the cherry on top! I was feeling like a lunatic for a long time posting to myself.
The past couple of days have been fun to a VSA Trader.
Yesterday EURAUD
I started out yesterday very bullish on EA, but when a pair hits 80% of its ADR before the end of Asia and that ADR is met on widespread up bars its a safe bet that price is going to retrace the same day.
Bar B- Increase in volume and wide spread, with the next bar down good indication that this bar was going to at least knock price sideways.
Bar C- Perfect ND, I did see this bar in realtime but gave the market some time just incase bulls stepped in again. I did start the day out very bullish so I was on my toes looking for buyers.
I shorted a few hours later after it was clear that buyers were losing steam.
As price dropped I noticed it just tapped the the close of the previous day's HVC and price was being met with very few sellers, so I bought on M15 a few bars after an obvious 2 bar reversal.
USDCAD today
Up thrust on yesterdays highs
Bar 1 - Highest volume bar does look like a shakeout, but there is a wick on the high of this bar. Also the upper wick is above the previous bar's close which means that price tried to rally, but got hit with seller. There is supply on this bar.
Bar 2- Test into the close of Bar 1, but the next few bars closing down and lower shows that no buyers were willing to buy. If price isn't strong, it must be weak.
Bar 3- Squat I guess? narrow spread, weak close up bar with increasing volume, sellers hitting price.
I was looking to take this price down to a previous HVC, but price is dropping on low volume and the last completed bar narrowing of spread. Seemed like a safe place to close things out.
The past couple of days have been fun to a VSA Trader.
Yesterday EURAUD
I started out yesterday very bullish on EA, but when a pair hits 80% of its ADR before the end of Asia and that ADR is met on widespread up bars its a safe bet that price is going to retrace the same day.
Bar B- Increase in volume and wide spread, with the next bar down good indication that this bar was going to at least knock price sideways.
Bar C- Perfect ND, I did see this bar in realtime but gave the market some time just incase bulls stepped in again. I did start the day out very bullish so I was on my toes looking for buyers.
I shorted a few hours later after it was clear that buyers were losing steam.
As price dropped I noticed it just tapped the the close of the previous day's HVC and price was being met with very few sellers, so I bought on M15 a few bars after an obvious 2 bar reversal.
USDCAD today
Up thrust on yesterdays highs
Bar 1 - Highest volume bar does look like a shakeout, but there is a wick on the high of this bar. Also the upper wick is above the previous bar's close which means that price tried to rally, but got hit with seller. There is supply on this bar.
Bar 2- Test into the close of Bar 1, but the next few bars closing down and lower shows that no buyers were willing to buy. If price isn't strong, it must be weak.
Bar 3- Squat I guess? narrow spread, weak close up bar with increasing volume, sellers hitting price.
I was looking to take this price down to a previous HVC, but price is dropping on low volume and the last completed bar narrowing of spread. Seemed like a safe place to close things out.
- #34,085
- Sep 21, 2021 4:20am Sep 21, 2021 4:20am
1 wide spread up
2 you had 4 bars there that could not break the high of the wide spread bar, that's 2 hours it's failed to do that.
3 when it does it's a narrow spread close in the middle, after weakness, no demand, it's your entry
- #34,086
- Sep 21, 2021 4:25am Sep 21, 2021 4:25am
{image} 1 wide spread up 2 you had 4 bars there that could not break the high of the wide spread bar, that's 2 hours it's failed to do that. 3 when it does it's a narrow spread close in the middle, after weakness, no demand, it's your entry
What is the indicator in Tradingview?
- #34,090
- Sep 21, 2021 7:01am Sep 21, 2021 7:01am
Can someone look at this chart? I saw weakness and i took short after no demand. and stop loss..{image}
3 bars after the wide spread high vol, there is a 2 bar reversal followed by a no supply bar.
sorry about my pigeon scratchings trying different apps to draw on charts and try to get something worth learning across
- #34,091
- Sep 21, 2021 7:18am Sep 21, 2021 7:18am
Can someone look at this chart? I saw weakness and i took short after no demand. and stop loss..
Furthermore, i suggest you not to trade indices right on NY opening. better to wait 30min and then to trade, the picture will be more clear.
The more you learn the more you earn
- #34,092
- Sep 21, 2021 7:50am Sep 21, 2021 7:50am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Can someone look at this chart? I saw weakness and i took short after no demand. and stop loss..
Today's zone = Tomorrow's opportunity!
- #34,095
- Edited 8:37am Sep 21, 2021 8:13am | Edited 8:37am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #34,096
- Sep 21, 2021 8:17am Sep 21, 2021 8:17am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
{quote} 200-300 bars is too much..
Can someone look at this chart? I saw weakness and i took short after no demand. and stop loss..
One of this thread's best traders once said, " Today's Zone equals Tomorrow's Opportunity".
You want to trade the M1 chart, I get that. But if you had identified Yesterday's M30 HVZ, you would have seen that price is above HB. In fact, price is above the entire zone. This means you should really only be looking to go long.
Without VSA, you're playing checkers while the Smart Money plays chess.
{quote} {image}after that high volume wide spread down bar, the volume dropped off (no Sellers) 3 bars after the wide spread high vol, there is a 2 bar reversal followed by a no supply bar. sorry about my pigeon scratchings trying different apps to draw on charts and try to get something worth learning across
- #34,098
- Sep 21, 2021 8:28am Sep 21, 2021 8:28am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
{image} 1 wide spread up 2 you had 4 bars there that could not break the high of the wide spread bar, that's 2 hours it's failed to do that. 3 when it does it's a narrow spread close in the middle, after weakness, no demand, it's your entry
Without VSA, you're playing checkers while the Smart Money plays chess.
- #34,100
- Sep 21, 2021 9:51am Sep 21, 2021 9:51am
Can someone look at this chart? I saw weakness and i took short after no demand. and stop loss..
by definition No Demad bar is an narrow spread upbar with middle or off the high close (30-70% of range of bar) with higher high and higher low than previous bar.
