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vsa with Malcolm

  • #7,401
  • Nov 29, 2010 7:02pm Nov 29, 2010 7:02pm
Quoting Sonofsin5
The chart is during a horrible illiquid trading day and your looking for longs in a solid down-trending market. Thats about it. Now back to Modern warfare.
Are any of the annotations on the 2nd chart wrong according to VSA?
If so, please explain.
  • #7,402
  • Nov 29, 2010 7:24pm Nov 29, 2010 7:24pm
Quoting taomql4
Talk about a double top--Holy crap ..

am beginning to think the News as nothing to do
with anything..lol
Last week all news were ignored...drivers were Ireland and NK...Market sometimes use news as a vehicle to apply basic and most important law of supply and demand.
The Market pays you to be disciplined
  • #7,403
  • Nov 29, 2010 7:24pm Nov 29, 2010 7:24pm
Quoting Intel
The trouble with trading live is that there is always another way to view the action, especially if you're not reading the chart correctly

What do we see this time around?

The issue with the 2 bars where you said buyers coming in is that they are both high volume down bars , closing on the lows with the next bars lower... so this is more supply in the market than buyers.
Blogging daily now at www.volume.zone
  • #7,404
  • Edited 9:16pm Nov 29, 2010 8:01pm | Edited 9:16pm
Quoting Intel
Any takers?

Hi Intel,

I take it.

Right or Wrong, attach chart with FB comments.

Arh, don't like to use Paint. Don't know how to move the text box to make picture clearer.

No Hull here to comment.

Please send me a prize since cannot send pips.

Cheers,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: intel_152.png Size: 206 KB
  • #7,405
  • Nov 29, 2010 8:37pm Nov 29, 2010 8:37pm
Quoting mima
Last week all news were ignored...drivers were Ireland and NK...Market sometimes use news as a vehicle to apply basic and most important law of supply and demand.
Got that Right !! am Yet to see SM trade against themselves . For those that
believe News events are driving the charts and not the other way around - For
every Major event that happens ( u know, the event that u think caused the Major move)

All you need to do , is to look back Just a few bars and Bingo , it's Right there-

the Real cause for the move--Like i said " am Yet to see SM's trade against themselves "
  • #7,406
  • Nov 29, 2010 9:41pm Nov 29, 2010 9:41pm
that up move on es 30 min today sure got a ton of supply hitting it.

Might see 1175 tested and even broken tomorrow
Blogging daily now at www.volume.zone
  • #7,407
  • Nov 29, 2010 10:00pm Nov 29, 2010 10:00pm
Quoting foxybunny
Hi Intel,

I take it.

Right or Wrong, attach chart with FB comments.

Arh, don't like to use Paint. Don't know how to move the text box to make picture clearer.

No Hull here to comment.

Please send me a prize since cannot send pips.

Cheers,
FB.

Attachment

Ok. The second chart was wrong. Where I said there were buyers, I should have said there were POSSIBLY buyers but there turned out to be very little if any. Once you realise that the ultra high volume bars resulted in lower prices with no attempt to raise price at all, then the whole scenario changes. What once looked like a reasonable long setup, now looks short all the way.

The moral of this story is that if you want to enter the market, the background HAS to be in your favour. Just one simple missread of the charts would have you joining the weak holders.

This was just an exercise to show how easy it is to get it wrong.
Attached Image (click to enlarge)
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  • #7,408
  • Edited 10:24pm Nov 29, 2010 10:00pm | Edited 10:24pm
She looks Pretty ..........
Attached Image (click to enlarge)
Click to Enlarge Name: 15.jpg Size: 120 KB
  • #7,409
  • Nov 29, 2010 11:14pm Nov 29, 2010 11:14pm
Quoting taomql4
She looks Pretty ..........
es ... 10 min simple....

that one close to 1187.75 came up on TG as end of a rising market .. do not see those often .

Attached Image (click to enlarge)
Click to Enlarge Name: chart3146.gif69.png Size: 195 KB
Blogging daily now at www.volume.zone
  • #7,410
  • Nov 29, 2010 11:21pm Nov 29, 2010 11:21pm
I am new to VSA, trying to make sense of it. Does this chart show accumulation taking place?

Downthrust candle with low volume, followed by an upthrust candle.

http://img841.imageshack.us/img841/7200/euvsa.gif
  • #7,411
  • Nov 29, 2010 11:47pm Nov 29, 2010 11:47pm
i suggest u watch vsa tradeguider videos on youtube, type in tom williams ,volume spread analysis or tradeguider
  • #7,412
  • Nov 29, 2010 11:53pm Nov 29, 2010 11:53pm
Quoting dragan53
i suggest u watch vsa tradeguider videos on youtube, type in tom williams ,volume spread analysis or tradeguider
Thanks.. I will do that. I am currently flat. Just looking at the chart, trying to make sense of it.
  • #7,413
  • Nov 30, 2010 12:24am Nov 30, 2010 12:24am
Quoting Benkasim
I am new to VSA, trying to make sense of it. Does this chart show accumulation taking place?

Downthrust candle with low volume, followed by an upthrust candle.

http://img841.imageshack.us/img841/7200/euvsa.gif
If I'm reading your chart correctly, all your marked (peak) bars are getting hit by sellers - pros (and others) sell into strength. You can deduce this by the next bar(s) being down bars, so you know the volume was made up of sellers overwhelming buyers and the uptrend. Some minor buying support on the lower bars, but when you interpret the background of the visible chart and where we've come from, sellers are firmly in charge.
  • #7,414
  • Nov 30, 2010 12:52am Nov 30, 2010 12:52am
It is coming ....
Attached Image
The Market pays you to be disciplined
  • #7,415
  • Nov 30, 2010 12:53am Nov 30, 2010 12:53am
Quoting mima
It is coming ....

  • #7,416
  • Nov 30, 2010 1:15am Nov 30, 2010 1:15am
Could someone please post a 1h EU chart? On IBFX I have very high volume at yesterday's lows. Just want to confirm. If it's right, we might have an up day today.
  • #7,417
  • Nov 30, 2010 1:16am Nov 30, 2010 1:16am
Quoting mfoste1
I wasn't first to say it....
http://www.spiegel.de/international/...731798,00.html
The Market pays you to be disciplined
  • #7,418
  • Nov 30, 2010 2:58am Nov 30, 2010 2:58am
Oh well, supply hit EU. Wasn't enough strength to break out higher. Looking for a close below yesterday's low on high volume and a test/nd for entry.
Attached Image (click to enlarge)
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  • #7,419
  • Nov 30, 2010 3:08am Nov 30, 2010 3:08am
Quoting comapip
Could someone please post a 1h EU chart? On IBFX I have very high volume at yesterday's lows. Just want to confirm. If it's right, we might have an up day today.

Hi Comapip here is a chart from ibfx.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 1H.PNG Size: 82 KB
  • #7,420
  • Nov 30, 2010 3:16am Nov 30, 2010 3:16am
Quoting flaffie
Hi Comapip here is a chart from ibfx.
Cheers
Thanks!
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