vsa with Malcolm

think you answered your own question - upbars on low volume... yet you didnt mention that the downbars had higher volume

could it mean that they're not too interested in higher prices? i think so...

The other thing is your volume feed looks way off track. You may consider using a half decent feed if you want to correctly identify VSA set-ups

That's what had me most curious is that the upbars were on low (and yes down we on higher) but yet price still clmbed up to 3340 from that low before moving back down again (which it is doing now). Was there any VSA entries on the way up? I see some nice NS bars about half way up...

Yes my volume feed is just my brokers feed. Intel appears to use an MT4 broker in some of his screenshots so I assumed that it was all close enough to trade from successfully... Any suggestions?

Damn! It seems to be jumping through the Long-Order's Stop-Losses! F*§k!!!

1. IBFX
2. FXCM
3. ATC Brokers
4. MB Trading

Check the BG and keep the down channel in mind

We may have a trap-up-move here on GU. UT on the high of Dec2010. a test on this Dec2010 high on no demand or later on prelim supply area would be nice...(my volume info is wrack...apologies..)

Thanks I will look into these. Which do you use? Do you trade with them or just use the charts?

EU does not want to go down?

No, and I like it that way

But I like Sonny's channel much! Very accurate!!! Sonny, have you traded it yet?

long entry triggered on EU @ 1.3291.

H4 showing low vol test of 1.3280-50 area. (monthly pivot)
H1 showing no selling pressure at 13:00 GMT bar
entered at break of NS on 15m at 14:15 GMT

no time to post chart at the moment, will post it later.

looking for reaction at 1.3325-45 (london high) and 1.3380 (daily pivot) areas

EU Daily looks bearish?

This is a nice example for sure.

3321 also represents that trigger number from that Thursday wide spread, high volume up bar that acted as support and kept the bears at bay on Friday.

The last two upbars closed off their highs on increasing volume... Still some sellers left?

I disagree but with the holiday in the states today the markets will not be as clear as they should be.

Sono, can you post daily EU with that Sierra-volume, because I have ND on friday (and old top on the left), and I am not so sure about it.

Daily Eur.

Thank you very much Sono.

First I want to say that you need to trust yourself. You really have a better grasp of things than you think.

I have posted my chart for the same time and things look a bit different. That is not a bad thing.

On your chart we see the Shake Out. This is going to be are trigger bar. As previously stated, the trigger level can be the close, the high or the low of this bar. I usually start out by assuming it will be the close, but ultimately, the market will dictate which level is key.

The very next bar is a bit tricky. On your chart it looks like No Demand. No Demand bars often appear in this situation as a naicent trend gets under way. So we don't want to put too much stock into this bar.

Price moves up and then begins to move down a bit. We know that the high volume on the Shake Out will need to be revisited and tested in some way. As price is falling back down towards the close of the Shake Out, it is doing it on low volume. The bar prior to the bar with the first green horizontal line is No Supply (No Selling Pressure is more correct). Notice that the low of this bar is just about at the close of the Shake Out bar. Now we have a better idea of where the trigger level is. It's the close.

The next bar on your chart is better than mine. On your chart it has an equal low, a greater range, closes higher than the previous bar, with the close being equal to the previous bar's high and in the upper portion of its own range. This is a 2 bar reversal.

Based on the MA on your chart, we can see that this 2 Bar Reversal closes above the MA. This is the first place to take a long. We have strength in the background and the trend has changed from down to up.

The very next bar is a second place to be looking to get long. This bar closes down, but closes in the upper portion of its range. The spread is narrow but the volume is increasing. This is a Squat. Something is keeping the spread narrow-Demand. Here again, this bar is above your MA further signifiying an Up trend. We can also note that this bar did trade below the MA but prices were rejected at that level as it closes back above it.

Once you are in the trade, then it is up to you to manage the position. Markets can rise on low volume. Yet, we know that bullish volume in an up trend will be increasing volume on up bars and decreasing volume on down bars. As long as price remains above the MA and is rising you would still be predisposed to being long.

As far as your volume goes, you have to trade what you see. Unless you are using Esingal's GTIS or Prorealtime, it is going to be "suspect" but tradable.

Can someone pelase post an H1 chart of GBP/JPY with eSignal vol. I wanna compare it with IBFX volume.

well i am also in the bull camp with respect to EU and more on GU based on volume...though a lot of experts and hedge funds say the opposite...lets c...