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Trading VSA the way NSK does

  • #781
  • May 11, 2011 7:00am May 11, 2011 7:00am
Quoting ns_karthik
hmmm...i know its difficult....maybe u just need to get a feel of the market after all those holidays....last 2 days have been tough.....unless u stayed with a trade like i did with GU, theres a lot of chopping around going on....take ur time....
u can say that again.

i'm just watching the charts at present.
  • #782
  • May 11, 2011 7:03am May 11, 2011 7:03am
ok then...here i am,posting charts after quite a long time...i found it necessary to post charts and explain my thinking cos a few people got it wrong today...

one of the trades taken by others which surprised me a lot was when people went short on GU...that to me, was a stunner....right from yesterday i have been sayiong that GU is having strength....attached is the daily chart, 4H chart and 15M chart....

look at the daily for the past 2 days...price going down and coming back for 2 consecutive trades...almost a double bottom...almost 2 successive pin bars...very clear that the direction is up...

next ...look at the 4H charts for GU....last 12-15 bars....all trying to break 1.63 but immediately jumping back above...either on the same bar or the very next bar....that is more than enough confirmation for me...

next...look at the 15M for GU...right from yesterday...at around 12 noon on the charts....price went down, volume MA rose....then a ranging period when price went nowhere and volume went down a little....then price went down again but lessening volume....again, showing that downside is of no interest...as i said, it is more a clearing of orders...

and the result of last 2 days of activity is the big upmove today....when u see so much strength, why would u want to short it?
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  • #783
  • May 11, 2011 8:02am May 11, 2011 8:02am
[quote=ns_karthik;4609739]ok then...here i am,posting charts after quite a long time...i found it necessary to post charts and explain my thinking cos a few people got it wrong today...

one of the trades taken by others which surprised me a lot was when people went short on GU...that to me, was a stunner....right from yesterday i have been sayiong that GU is having strength....attached is the daily chart, 4H chart and 15M chart....

look at the daily for the past 2 days...price going down and coming back for 2 consecutive trades...almost a double bottom...almost 2 successive pin bars...very clear that the direction is up...

next ...look at the 4H charts for GU....last 12-15 bars....all trying to break 1.63 but immediately jumping back above...either on the same bar or the very next bar....that is more than enough confirmation for me...

next...l


NSK what a difference seeing your charts and thinking on here.
I'm studying them and can see know why I am behind game!
  • #784
  • May 11, 2011 8:14am May 11, 2011 8:14am
[quote=courtneywild;4609891]
Quoting ns_karthik
ok then...here i am,posting charts after quite a long time...i found it necessary to post charts and explain my thinking cos a few people got it wrong today...

one of the trades taken by others which surprised me a lot was when people went short on GU...that to me, was a stunner....right from yesterday i have been sayiong that GU is having strength....attached is the daily chart, 4H chart and 15M chart....

look at the daily for the past 2 days...price going down and coming back for 2 consecutive trades...almost a double...

keep studying charts...spend as much time as u can...1000s of hrs and hrs and hrs.....the more u see it, the more u get used to it....long time back, i wrote an article comparing trading and car driving....when u learn car driving, there are somany things for u to learn...gear, brake, clutch, indicators, fuel tank etc etc...so many things need to be taken care of....and u r overwhelmed at the beginning...but slowly u learn...and after u become good, u start doing things for driving even without thinking...everything happens sub consciously....u use the accelerator, brake, cluth gear etc as and when required even without thinking abt it...

same with trading...indicators, price action, volume, 15M charts, daily charts etc are so overwhelming at the beginning, once u get used to it, u simply see and do things automatically without u realising it....
  • #785
  • May 11, 2011 8:20am May 11, 2011 8:20am
[quote=ns_karthik;4609921]
Quoting courtneywild


keep studying charts...spend as much time as u can...1000s of hrs and hrs and hrs.....the more u see it, the more u get used to it....long time back, i wrote an article comparing trading and car driving....when u learn car driving, there are somany things for u to learn...gear, brake, clutch, indicators, fuel tank etc etc...so many things need to be taken care of....and u r overwhelmed at the beginning...but slowly u learn...and after u become good, u start doing things for driving even without thinking...everything...

Classic advice NSK.

One thing... seeing charts seems to be one thing, interpreting them something else your experience shines through
  • #786
  • May 11, 2011 8:29am May 11, 2011 8:29am
[quote=courtneywild;4609938]
Quoting ns_karthik


Classic advice NSK.

One thing... seeing charts seems to be one thing, interpreting them something else your experience shines through

u more u se charts, u more u start seeing patterns...by seeing patterns and their effect, u get used to it.....if u see the same pattern 10 times and the same effect 9-10 times, 11th time, when u see the same pattern, u can assume the same effect will be there and then take the trade....with SLs of course...
  • #787
  • May 11, 2011 8:30am May 11, 2011 8:30am
NSK do you have any thought on the use of market facilitation index or is it an indi to far!!!
  • #788
  • May 11, 2011 8:35am May 11, 2011 8:35am
Quoting courtneywild
NSK do you have any thought on the use of market facilitation index or is it an indi to far!!!
whats that?? :-)...
  • #789
  • May 11, 2011 8:36am May 11, 2011 8:36am
am out for an hr or so...going to the park with my family...
  • #790
  • May 11, 2011 8:43am May 11, 2011 8:43am
Quoting ns_karthik
whats that?? :-)...
indi in M4 platfrom, think its standard.
green MFI up volume up =more traders entering market market speeds up
brown MFI down volume downd - fade loss of interest
Blue MFI up volume down = fake price manipulaton by big players
Pink MFI down volume up = End of trends many buyer seller but no trend - good entry... apparently
  • #791
  • May 11, 2011 10:04am May 11, 2011 10:04am
Quoting courtneywild
indi in M4 platfrom, think its standard.
green MFI up volume up =more traders entering market market speeds up
brown MFI down volume downd - fade loss of interest
Blue MFI up volume down = fake price manipulaton by big players
Pink MFI down volume up = End of trends many buyer seller but no trend - good entry... apparently

oops sorry...never used it....lemme try it and will let u know...
  • #792
  • May 11, 2011 10:22am May 11, 2011 10:22am
Hi everybody. I am so happy I stumbled into this thread. A great thank to
ns_karthik and all of you who parcitipate with questions. Itīs a eyeopener for me and a complete new way of reading the market. I'm so impressed of the result. Thanks again and please keep on going.
  • #793
  • May 11, 2011 11:33am May 11, 2011 11:33am
Quoting tinka
Hi everybody. I am so happy I stumbled into this thread. A great thank to
ns_karthik and all of you who parcitipate with questions. Itīs a eyeopener for me and a complete new way of reading the market. I'm so impressed of the result. Thanks again and please keep on going.

hey tinka...nice to see u around here...welcome to the thread....good that u find the info around here, to be useful for u....
  • #794
  • May 11, 2011 11:56am May 11, 2011 11:56am
ending the day on a happy note...:-)...
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  • #795
  • May 11, 2011 11:42pm May 11, 2011 11:42pm
good morning everyone.....
  • #796
  • May 12, 2011 12:13am May 12, 2011 12:13am
Hello Guru & Friends ...

Good Morning ...


Here the beautiful post about VSA ... It little advance

Hope you like it ...

Regards

Arun ...
  • #797
  • May 12, 2011 12:15am May 12, 2011 12:15am
as always we begin with some relaxation....
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  • #798
  • May 12, 2011 12:17am May 12, 2011 12:17am
Quoting arunsideas
Hello Guru & Friends ...

Good Morning ...


Here the beautiful post about VSA ... It little advance

Hope you like it ...

Regards

Arun ...

thanks arun....will go thru....
  • #799
  • May 12, 2011 1:20am May 12, 2011 1:20am
Quoting arunsideas
Hello Guru & Friends ...

Good Morning ...


Here the beautiful post about VSA ... It little advance

Hope you like it ...

Regards

Arun ...
Outstanding thanks really clear and many thanks to the originator also.
  • #800
  • May 12, 2011 1:25am May 12, 2011 1:25am
Good morning volume traders, hope everything's fine for all of you.
Speaking about eu, seems to me that we having rising volume with falling price on support area (4170/4200), might be a sign of reversal but the main trend especially in the higher tf seems definitively bearish... I'm a bit confused, follow the trend or trying the reversal...?
Maybe Karthik could shows up with one of his wonderful hint?
brax64
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