EDIT:
new mt5--
You can forget about all your MT4 indy's.........
whole new platform......
new mt5--
You can forget about all your MT4 indy's.........
whole new platform......
Attached Images
Volume Spread Analysis (VSA) and background 5 replies
Trading With VSA - Volatile Volume and Spread Analysis 9 replies
What is the best VSA (Volume Spread Analysis) system/indicator? 1 reply
Volume Spread Analysis (VSA) and the EURUSD 3 replies
VSA Volume Spread Analysis: No demand and accumlation 2 replies
DislikedHiddenGap,
i just relooked to Your picture - i have question regarding hidden test.
Shouldnt hidden test be atleast of the lows when closing ?
Thanks.
Best,
TomIgnored
DislikedHi HG,
sorry I have to comment. I was reading your post untill you said 3 interval later we get a nice Key Reversal bar.
can we say that this is a KEY reversal bar? specailly it closed below the both the high and the open of the previous bar( the previous bar was a down bar)Ignored
DislikedThe candle marked KRB did not close down, it closed up.
The definition of Key Reversal Bar being used here, makes no reference to the high. The candle needs only to make a lower low (for bullish reveral), open higher than the previous close, and close higher than both the previous close and its open. If the close is slightly off the high that is good too.
This definiton comes from various "price action" trading sites and obviously is not a VSA definition as it employs the open which VSA does not.Ignored
Dislikedhi HG,thanks for reply;
yes i said that the KRB closed up. and as we always compare the KRB bar with the previous bar, as you yourself said, it have to close higher than the previous close and open, but this bar did not close above the previous open.
(sorry for the discussion)
thanksIgnored
DislikedBy close higher than both the previous close and its open. ITS refers to the current candle not the previous candle.Ignored
DislikedHello all. Here is another classis Euro setup using VSA after news release. The news was the German Economic Sentiment which turned out less positive than it was expected which is bad news. Expectedly, price drove down following heard mentality at news time.
What does VSA teach us. It doesnt like wide range bar on high or ultra high volume.
1) Look at the effort to fall candle at bottom left. We have a WRB7 closing down on high volume without it being climatic and closing off its low. Please take note that this candle close off it low which...Ignored
DislikedNo, UT is the last bar of the brown rectangle IMO. Higher volume bars that close off their highs followed by a down bar.Ignored
DislikedHi TraderJoe. Please, Could you tell me what trading software are your pictures from?. Thanks.Ignored
DislikedHi TraderJoe,
thank You for Your explanation.
I have question.
On Your chart You are marking downbars, which is narrow and closing high.
For me that would mean - No selling interest.
What i see is bars are making LH and also LL also volume is below average volume.
What is exactly on those narrow down bars closing high that says to You that this is selling ?
Thank You.
Best,
TomIgnored
DislikedHiddenGap,
here is 10 min chart of the same question about Wide spread climatic bars..
In this scenario next bar was up. But in 5 minutes example here next bar was down.
So, in 5 minutes i should look for shorts after climatic bar and on 10 min chart for longs ?
Yes, on 10 min chart next bar, which is up, is on volume less than previus 2, maybe this counts somewhow that says - NO no for longs !
Thank You for Your comments !
Best,
TomIgnored
Dislikedtom keep it simple .. no demand bars at top .. then free fall on high volume .... high volume is NOT always hidden buyers.
If that was buyers the reaction should have been more than 20 pips.
the background off the top was selling .... so therefore on your chart you should not even have been considering going long unless you got a low volume test of the low of the large down candle
remember reaction to actionIgnored
DislikedHello.
I would like to hear opinion of some expierence traders about what i read on Tom Williams book:
Volume is always relative to the direction the market is heading.
A high volume upbars has got absolutely nothing to do with high volume on a down-bar.
Volume on a down-bar has got absolutely nothing to do with volume on an up-bar.
Its is different deal, it is different story.
Why such question...
Because i allways compare Down volume bars with up bar volume bars..
I allways tough this is how...Ignored