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  • #1,821
  • Jun 16, 2009 6:44am Jun 16, 2009 6:44am
I have circled climax up bars that showed weakness on the next candle but prices continued to rise. Looking for opinions on why that is so. Also, what confirmations do you use to determine whether the price action is weak or not.

Thanks
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  • #1,822
  • Jun 16, 2009 7:04am Jun 16, 2009 7:04am
Quoting bbartha
Hi again,

This is very simple: the next candel closes higher then the Doji, this is a successful test. But this is not a very clear signal IN MY EYES.

But look at this....
your so called test shows supply present and therefore has failed. next upbar showning more weakness by less vol followed by thrust. no reason to long here, its whipsaw signal area without anything clear.
  • #1,823
  • Jun 16, 2009 12:38pm Jun 16, 2009 12:38pm
Quoting Crownj
I have circled climax up bars that showed weakness on the next candle but prices continued to rise. Looking for opinions on why that is so. Also, what confirmations do you use to determine whether the price action is weak or not.

Thanks
I think the first 2 circles are called push through supply. It's the only moment where high volume up bars are not weakness.

So climatic action are seen only if there is nothing in the left of the chart.
  • #1,824
  • Jun 16, 2009 2:13pm Jun 16, 2009 2:13pm
Accumulation on EURUSD?
Blogging daily now at www.volume.zone
  • #1,825
  • Jun 16, 2009 2:16pm Jun 16, 2009 2:16pm
Quoting Steve Gill
Accumulation on EURUSD?

could be on 5 min ... better to see this kind of action over a few hours on 15 min charts.
Blogging daily now at www.volume.zone
  • #1,826
  • Jun 16, 2009 2:20pm Jun 16, 2009 2:20pm
Last one hour bar was stopping volume,
on 30min TF we have 2 no supply bars,
15min TF is ranging for last 10 bars......
I think that this is a case of reacumulation!
We could expect another markup
forexflash
  • #1,827
  • Jun 16, 2009 2:25pm Jun 16, 2009 2:25pm
and everyone else....
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  • #1,828
  • Jun 16, 2009 3:38pm Jun 16, 2009 3:38pm
i was in and out of chat thrwoing out some trades today.

gj 200 pip , gu 120 pip on upthrusts on a 15 min chart. Then mentioned osmebuying interest on ES taking gj up .. off 158.

Then on last visit i mentioned this awesome sell set up

overall a 480 pip day using vsa set ups on gu and gj

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Blogging daily now at www.volume.zone
  • #1,829
  • Jun 16, 2009 11:32pm Jun 16, 2009 11:32pm
Quoting bbartha
You are right, but NY opens more then one hour before @ 13:00 GMT.
Hi BB

In this case I was referring to the NY Stock market.
Boxing clever since 76.
  • #1,830
  • Jun 17, 2009 5:00am Jun 17, 2009 5:00am
Attached Image (click to enlarge)
Click to Enlarge Name: gu15.jpg Size: 239 KB


I spent few last days reading about vsa, and yes, according to what I've read you should expect price to go up after that second marked candle.

I noticed, while reading posted charts, that most of you trade vsa very selectively - maybe it's me, but it looks like presented method is very incoherent. One time you use vsa / spread signal, other times you completely discard "obvious" signs given by vsa / spread trading rules.

It's like many of you use vsa trading strategy very freely and it's very hard to follow your thinking.
  • #1,831
  • Jun 17, 2009 5:12am Jun 17, 2009 5:12am
Attached Image (click to enlarge)
Click to Enlarge Name: eu5minq.jpg Size: 239 KB


Here you have onother Crownj's chart - i think he makes great questions.

What others present is just not coherent with presented earlier vsa trading rules.

If most of you really trade how you say you trade, than it's very strange how you manage to be profitable - or maybe you're just posting charts which are
"right", hiding your bad trades.

I just don't get it.

PS.

This is comment to above chart by Dr.Geppynius:

wrong & wrong

this cannot be a selling climax, could only have been a buying climax but it was just regular move through resistancen.

5 minute no-demands in an uptrend mean nothing.

According to vsa rules it looked like climax.....just regular move through resistance....c'mon! - you're just saying this 'cause you looked at chart after the fact.

regular move....man I wish I could differentate breakouts from fakeouts like this guy

......regular move....
  • #1,832
  • Jun 17, 2009 5:53am Jun 17, 2009 5:53am
Any of the VSA type of bar doesnt mean a thing until next bar get you a confirmation!!!
forexflash
  • #1,833
  • Jun 17, 2009 5:57am Jun 17, 2009 5:57am
T.E.Lawrence

Yes, all here is posting pictures and not showing bad trades.. I will do the same when i will learn VSA...
Sorry !

Best,
Tom
  • #1,834
  • Edited 6:26am Jun 17, 2009 6:13am | Edited 6:26am
Quoting T.E.Lawrence
Attachment

Here you have onother Crownj's chart - i think he makes great questions.

What others present is just not coherent with presented earlier vsa trading rules.

If most of you really trade how you say you trade, than it's very strange how you manage to be profitable - or maybe you're just posting charts which are
"right", hiding your bad trades.

I just don't get it.

PS.

This is comment to above chart by Dr.Geppynius:

wrong & wrong

[i]this cannot be a selling climax, could only have been a buying climax...
a climax is preferrabley into new low/high ground with the next bar down in case of buying climax and next bar up with selling climax. this also can happen over a few bars but 5m is of low significance...
such breakouts occur on a pretty regular basis, i cannot see ANY weakness here and high volume on a upbar in such a location has high odds of beeing absorption of orders which sit at the S/R levels to get touched...
after this breakout we even saw a very lovely ground forming 40680 and even shakeout before continuation.


place a monitor on your desk, watch ONE particular instrument for 1+ year. just watching it while you work will make you see that such beahaviours are more regular and this is how markets move.

if vsa was that easy everybody would trade it....but enough fail since it isn't a mechnical system, it is pure discretionary mind driven and this is where the 80% psychology come into play.

what happens, where does ti happen, what happened in the past, what is the reaction to the thing which u think u have spotted, is there followthrough, does it fail, what does the higher/lower tf say here...and so on...
  • #1,835
  • Jun 17, 2009 6:24am Jun 17, 2009 6:24am
Quoting FOREXflash
Any of the VSA type of bar doesnt mean a thing until next bar get you a confirmation!!!
Well, I'm trading naked and this is the rule I'm using. I've tried to implement VSA as a confiramtion tool - whether it's breakout or fakeout, but for me, at current stage of my 'VSA profficiency', it's not giving me more than S/R lines and candlesticks.
  • #1,836
  • Jun 17, 2009 6:42am Jun 17, 2009 6:42am
Folks

I've attached two screenshots of the identical time frame (5 min) on EURUSD just a few minutes ago, comparing IBFX demo 5 digits versus Alpari UK Demo. Ignore the server times being different, these two images are comparable. I've set the minimum and maximum on the two lower indicators to be the same so its a true compare.

I find it fascinating the massive differences in volume between the two, giving completely different signals.

Any comments? Can anyone post up Esignal to compare? Many thanks, and I hope this thread is useful to show the drastic differences!

I've also noticed that IBFX is a few seconds delayed, I've compared Alpari, IBFX and my spread betting platform IG Index, and Alpari / IG Index are pretty much the same time but IBFX is playing catch up all the time, up to 5 seconds delayed!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: SGibfx.jpg Size: 172 KB
Blogging daily now at www.volume.zone
  • #1,837
  • Jun 17, 2009 6:54am Jun 17, 2009 6:54am
yes, thats what i praised over and over again. if you want to take it serious in forex, you need at least the signal feed. futures with cnetralized exchanges is another thing.
  • #1,838
  • Jun 17, 2009 7:02am Jun 17, 2009 7:02am
see the principles. massive 5m thrust behind us. downtrend in play so signs of weakness are the things to take. two very easy entry bars marked. 1st: markup followed by tiny spread bar with vol+ 2nd: typical nd in the right place, no way to break resitance.

before you get horny, its a mt4 demo acc which i only use for playing...i chart on leveragefx. ...i would also advise you to never stop demoing until you quit trading at all! demo demo demo...
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  • #1,839
  • Jun 17, 2009 7:06am Jun 17, 2009 7:06am
Quoting T.E.Lawrence
Attachment

Here you have onother Crownj's chart - i think he makes great questions.

What others present is just not coherent with presented earlier vsa trading rules.

If most of you really trade how you say you trade, than it's very strange how you manage to be profitable - or maybe you're just posting charts which are
"right", hiding your bad trades.

I just don't get it.
Hi TE,

Believe me, I understand your frustration but Dr.Geppynius is correct. Those climax bars are not signals to enter. What they are are signals for you to watch what happens because an entry may or may not be coming. Don't trade live. Demo VSA. Read Master the Markets. Demo again. Read the book again. This is not easy. Demo and read that book. Over and over again.

You said that I asked good questions. I thought they were good questions too at the time. I'm currrently into my third reading of the book and I'm actually a little embarassed by some of the questions I asked. VSA is hard but ultimately, if you can get it, it'll be worth the work and frustration.
  • #1,840
  • Jun 17, 2009 7:32am Jun 17, 2009 7:32am
Quoting Steve Gill
Folks

I've attached two screenshots of the identical time frame (5 min) on EURUSD just a few minutes ago, comparing IBFX demo 5 digits versus Alpari UK Demo. Ignore the server times being different, these two images are comparable. I've set the minimum and maximum on the two lower indicators to be the same so its a true compare.

I find it fascinating the massive differences in volume between the two, giving completely different signals.

Any comments? Can anyone post up Esignal to compare? Many thanks, and I hope this thread is useful to show...
Steve,

I also use ibfx demo for charting, and trade on an Alpari UK live account.
I brought the same doubt not long ago here in the thread:

The thing is ibfx 5 digit demo is somehow screwed up, regarding volume;
At that time, I installed a new demo and got the 4 digit one (a bit unclear about how to choose it), and this one is regular and performing well, volume wise speaking.

Each time a screenshot of esignal is posted here, I compare it with my ibfx demo, just to make sure it continues similar, and it has been.

As for the "delay", it's the same for me with the Alpari Uk live - sometimes I decide an entry on the demo, but them hesitate because my live feed has moved 5 pips or more.
Something we have to live with.
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