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  • #6,401
  • Apr 4, 2010 8:18am Apr 4, 2010 8:18am
Thanks for your comments.

a perfect set-up in M15 chart: UpThrust bar showing weakness in the background, NoDemand followed to confirm weakness, and a downbar with increased volume followed to confirm NoDemand bar.

I think, an Upthrust bar in M15 is probably composed of 3 bars in M5 chart with shake-out, buying climax or stopping volume set-tup. Therefore, a NoDemand bar in M5 chart could be used to confirm the weakness, an UpThrust bar in M15 chart.

I'd like to confirm my thought with experienced VSAers. Thanks.

Quoting Intel
I have wondered about this also and I came to this conclusion;

We would like to see a down bar after an UT so as to 'confirm' it. The M5 ND is only 1/3 of the next M15 bar, so the next M15 bar could contain a M5 ND and still be an up bar. This cenario would not be ideal.

I think for that reason, we should not do this.

An interesting question tho.
  • #6,402
  • Apr 4, 2010 9:23am Apr 4, 2010 9:23am
Quoting polomine
Malcolmb14,

Can we use NoDemand bar of M5 chart to confirm UpThrust bar of M15 chart? Thanks and Best Regards.
yes for sure but remember you want to see some form of selling in the background , not just one 15 min bar
Blogging daily now at www.volume.zone
  • #6,403
  • Apr 4, 2010 9:35am Apr 4, 2010 9:35am
Quoting polomine
Thanks for your comments.

a perfect set-up in M15 chart: UpThrust bar showing weakness in the background, NoDemand followed to confirm weakness, and a downbar with increased volume followed to confirm NoDemand bar.
As i noticed from my own 1000hours chart-time) Very often if after 15m UT
you see 5m ND bar DO NOT ENTER wait more bars to confirm. It seems to me that sometimes big money starting to sell into buying(forming UT) that just doing a little break couple of min to see if there any buyers left. Again very often a little reaction(due to profit taking occurs) after UT on 5m. So if after 5m ND next 5m bar is going higher on increasing volume that mean on 15m it will be medium spread and vol bar and then price can make higher spikes or even disregard the UT (ie. if daily trend is up ) and go further up.
I use zoom out tactic that mean if on 5 or 10m i see something I zoom out and if i dont like how it's look on bigger picture i wait for confirm on 15-30-1h TF
“buy the rumor, sell the news”
  • #6,404
  • Apr 4, 2010 10:37am Apr 4, 2010 10:37am
Thank you very much. It makes me clear that in order to avoid counter the trend, ie. daily trend is up, we should be cautious to use M5 ND to confirm M15 UT. Thanks again.

Quoting ShowT
As i noticed from my own 1000hours chart-time) Very often if after 15m UT
you see 5m ND bar DO NOT ENTER wait more bars to confirm. It seems to me that sometimes big money starting to sell into buying(forming UT) that just doing a little break couple of min to see if there any buyers left. Again very often a little reaction(due to profit taking occurs) after UT on 5m. So if after 5m ND next 5m bar is going higher on increasing volume that mean on 15m it will be medium spread and vol bar and then price can make higher spikes or even disregard the...
  • #6,405
  • Apr 4, 2010 11:09am Apr 4, 2010 11:09am
Quoting polomine
Thank you very much. It makes me clear that in order to avoid counter the trend, ie. daily trend is up, we should be cautious to use M5 ND to confirm M15 UT. Thanks again.
Definitely! It's more simple than my tangled explanation)
“buy the rumor, sell the news”
  • #6,406
  • Apr 4, 2010 11:24am Apr 4, 2010 11:24am
Quoting malcolmb14

Next week i am looking for test 1.3540 to enter sell .... if it holds
For Gu 1.5250
Do you think for GU it is the end of strong upmove we seen whole week?
It can retrace probably about 150pip down but then up again to the long-time-ago S/R levels....
Can you please post a chart with signs of weakness you see?
“buy the rumor, sell the news”
  • #6,407
  • Apr 4, 2010 11:30am Apr 4, 2010 11:30am
Quoting ShowT
Do you think for GU it is the end of strong upmove we seen whole week?
It can retrace probably about 150pip down but then up again to the long-time-ago S/R levels....
Can you please post a chart with signs of weakness you see?
at the moment this is just a hunch

I find it odd GU up and up and up and then day before NFP we stopped dead on top of channel .

I need to see confirmation next week that channel top will hold.

As I trade intraday it does not reall matter to me which way this goes to be honest , but i find it really odd 5 days up move no retrace
Blogging daily now at www.volume.zone
  • #6,408
  • Edited 3:57pm Apr 4, 2010 3:18pm | Edited 3:57pm
[quote=polomine;3607865]Thanks for your comments.

a perfect set-up in M15 chart: UpThrust bar showing weakness in the background, NoDemand followed to confirm weakness, and a downbar with increased volume followed to confirm NoDemand bar.

I think, an Upthrust bar in M15 is probably composed of 3 bars in M5 chart with shake-out, buying climax or stopping volume set-tup. Therefore, a NoDemand bar in M5 chart could be used to confirm the weakness, an UpThrust bar in M15 chart.

I'd like to confirm my thought with experienced VSAers. Thanks.[/quote]


No offence taken.

I'll be sure not to offend you with any of my stupid, dumb ass opinions again.
  • #6,409
  • Apr 4, 2010 4:15pm Apr 4, 2010 4:15pm
what a strange gap is this... more than 80 pips for gu
  • #6,410
  • Apr 4, 2010 4:18pm Apr 4, 2010 4:18pm
Quoting bruceli
what a strange gap is this... more than 80 pips for gu
Sorry mate, don't see a gap on my charts.
  • #6,411
  • Apr 4, 2010 5:00pm Apr 4, 2010 5:00pm
Quoting 4X4Fun
I have to get on my soapbox for a moment.

I am new to VSA, and trading as a whole. I read, study and try to understand. As I've gone through this thread, I've seen a lot of posts questioning the validity of VSA or the character of other posters here. Most of these people seem to think they should be given the knowledge of how to make money, just because they deserve it.

For all who are dissatisfied with their current status as a trader, I have a question. When you went to University, did you expect to know everything about your chosen field...

Excellent ... Very well said... Thank you.

VSA is no magic bullet, it requires dedication, patience, and practice. In the end, the results are only as good as our ability to apply the principles.

Some posts I wish could be on the front end of the forum for new traders to read when they start... this is one of those.

It is a wonderful journey.... enjoy it !

Chief
  • #6,412
  • Apr 4, 2010 6:28pm Apr 4, 2010 6:28pm
[quote=Intel;3608191]
Quoting polomine
Thanks for your comments.


I'd like to confirm my thought with experienced VSAers. Thanks.[/quote]


No offence taken.

I'll be sure not to offend you with any of my stupid, dumb ass opinions again.
I'd like to apologize that I do not mean your opinion is useless. Not to be too sensitive, please.
  • #6,413
  • Apr 4, 2010 9:45pm Apr 4, 2010 9:45pm
Here is a look at the Yen futures contracts... found this very interesting for planning trades..

Notice how the different zones overlap each other and how the price is rejected inside of the various zones, which then become support for the next zone down.

the second chart is just a look at it from a long term perspective...

Hope this helps

Chief
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-04-04_2034_Yen.png Size: 64 KB
Click to Enlarge Name: 2010-04-04_2037_Yen2.png Size: 65 KB
  • #6,414
  • Apr 4, 2010 10:26pm Apr 4, 2010 10:26pm
Here is a look at the Pound futures chart....

Note ultra high volume on chart...


Cheers

Chief
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-04-04_2123_GBP.png Size: 57 KB
  • #6,415
  • Apr 4, 2010 11:32pm Apr 4, 2010 11:32pm
Quoting malcolmb14
As I trade intraday it does not reall matter to me which way this goes to be honest , but i find it really odd 5 days up move no retrace
When I was testing another strategy i found that its very rear when pair plays it's whole ATR higher previous london close more than 3 times in a row! I don't even remember if I ever seen 5 times, I didnt test all pairs but for major ones it's really unusual.
I 70% sure it gonna be retrace this week so for us it will be some great VSA setups It's all about if 1.5380 hold or no...
“buy the rumor, sell the news”
  • #6,416
  • Apr 5, 2010 1:26am Apr 5, 2010 1:26am
Hello, ShowT!

It seems that you are a testing expert on trading stragegy. Would you please tell me your testing method? I am interested in a combo strategy of VSA, ATR and Marekt Profile. But I don't know how is its effectiveness and how to play with it.

Quoting ShowT
When I was testing another strategy i found that its very rear when pair plays it's whole ATR higher previous london close more than 3 times in a row! I don't even remember if I ever seen 5 times, I didnt test all pairs but for major ones it's really unusual.
I 70% sure it gonna be retrace this week so for us it will be some great VSA setups It's all about if 1.5380 hold or no...
  • #6,417
  • Apr 5, 2010 3:18am Apr 5, 2010 3:18am
Quoting chief1oar
Here is a look at the Pound futures chart....

Note ultra high volume on chart...


Cheers

Chief
In addition, looking at yesterday's daily chart, GU closed on a down bar with relatively lower volume. The other thing is today most traders and banks are off on holiday.
  • #6,418
  • Apr 5, 2010 3:18am Apr 5, 2010 3:18am
Quoting chief1oar
Here is a look at the Yen futures contracts...
Quoting chief1oar
Here is a look at the Pound futures chart....
..
Hello Chief ,
just curious.. what's the significance of the red vertical lines?
Thanks!
  • #6,419
  • Apr 5, 2010 3:42am Apr 5, 2010 3:42am
Quoting chief1oar
Here is a look at the Pound futures chart....

Note ultra high volume on chart...


Cheers

Chief
hi Chief,

I am sorry, i feel myself so bit directionless, acc. to the chart, and heavy buying at previous dip, do we have increase in the long term after double bottom ?

in the meantime, the chart seems better than I use for futures, please could you also tell me which one it is..

thanks a lot.
  • #6,420
  • Apr 5, 2010 3:52am Apr 5, 2010 3:52am
Quoting chief1oar
Here is a look at the Yen futures contracts... found this very interesting for planning trades..

Notice how the different zones overlap each other and how the price is rejected inside of the various zones, which then become support for the next zone down.

the second chart is just a look at it from a long term perspective...

Hope this helps

Chief
Yeah it's just like the same way I look at support and resistance. The strength or impact of the bounce will determine how price will react the next time it gets to that area.
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