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  • #20,781
  • Jun 7, 2011 6:25am Jun 7, 2011 6:25am
Quoting ewokuk
hmmm it was my understanding though that excessive volume like that, even if the next bar is up may still be a sign of sellers coming in, just not enough to drop it YET but it could do very soon.

ive also seen volume like that with next bar closing down but then it goes flying up, on the 5min you can see it today, highest vol 5min bar, next bar down and eventually worked its way down to the open of that high vol bar, 23 pips down before eventualy going back up. having trouble trusting any of it!

wanting a test of 4655 yesterdays high now to...
Yes increased volume in an upbar has to represent something whether it be sellers or absroption and that is why it shouldn't be traded alone. In this case the next bar was up and made a higher high which is always good and then the next bar was a downbar on incraesed volume closing off it's low and above the close of the trigger bar... this bar neither made a higher high nor a lower low. This is showing that while we found some supply at this level so far SM seems willing to absorb it. Next bar we see that demand was there and over took the sellers (also making another higher high) from the previous bar... then we get another increased volume downbar again closing above the trigger and then a no selling pressure bar with it's low right on the trigger... so far we are seeing only SOS. A hidden test confirming no sellers were found and a posisble long entry with close back above the trigger.

You are right though these can go either way after you see a climax bar and one needs to be patient and wait for the remaining SOS or SOW to enter.
Today's zone = Tomorrow's opportunity!
  • #20,782
  • Jun 7, 2011 6:25am Jun 7, 2011 6:25am
Quoting ewokuk
hmmm it was my understanding though that excessive volume like that, even if the next bar is up may still be a sign of sellers coming in, just not enough to drop it YET but it could do very soon.

ive also seen volume like that with next bar closing down but then it goes flying up, on the 5min you can see it today, highest vol 5min bar, next bar down and eventually worked its way down to the open of that high vol bar, 23 pips down before eventualy going back up. having trouble trusting any of it!

wanting a test of 4655 yesterdays high now to go...
If you look at the 15min, at least on my charts, the highest volume close is 4630. 4644 on the 5min chart. I'd be looking more to those areas personally.

6401 on 15min cable as well.
  • #20,783
  • Jun 7, 2011 6:49am Jun 7, 2011 6:49am
Quoting KinsaleForex
If you look at the 15min, at least on my charts, the highest volume close is 4630. .
I had a problem with TG, because very often one my brokers (mig) vol and signals was better than TG`s. At that time, realtimedata.com was one volume data feeder in TG and Esignal was another, and I took realtimedata, it was maybe 20 dollars cheaper than esignal in a month.

Edit, and I can see now, that we have different volumes, and when thinking logically, you should have higher volume there, where price goes through resistance.
  • #20,784
  • Edited 7:34am Jun 7, 2011 6:58am | Edited 7:34am
could a volume guru please comment on the following chart regarding volume bars and actions?

this looks very interesting,bcause we mostly have similar intervals in volume increase,decrease and the volume amount at all.

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Hero calls followed by margin calls...
  • #20,785
  • Jun 7, 2011 7:07am Jun 7, 2011 7:07am
Quoting KinsaleForex
If you look at the 15min, at least on my charts, the highest volume close is 4630. 4644 on the 5min chart. I'd be looking more to those areas personally.

6401 on 15min cable as well.
took a long at 4665 after it bounced from yesterdays high but didnt fancy it and ditched it luckily just before this little drop! much higher vol on this last 5min bar but that may just be a side effect of NY opening so not sure if i can trust that or not, sign of strength if this next bar is up so may be a long if it goes back above yesterdays high? we would then have strength on that bar and the earlier bars today, as well as being above yesterdays high.

thinking of putting a buy order at 4660 target 4700 (as i think they will take out 4700 barrier option). 4660 is high of most recent high vol bar and puts us back above the close of the earlier high vol bar.
  • #20,786
  • Jun 7, 2011 7:28am Jun 7, 2011 7:28am
compare volume/ comment please.

My H4 charts looks like a ND at the top (which is also April 21 high). That is the marked bar. The one prior looks like a no buying pressure. Anyone else have similar volume? And are you interpreting it in the same way?
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Change is the only constant
  • #20,787
  • Edited 7:46am Jun 7, 2011 7:32am | Edited 7:46am
Quoting tgwhbb
compare volume/ comment please.

My H4 charts looks like a ND at the top (which is also April 21 high). That is the marked bar. The one prior looks like a no buying pressure. Anyone else have similar volume? And are you interpreting it in the same way?
Not a true ND since it is not lower than previous 2 and the no buying pressure is the highest volume in the last 3 upbars. I think we may end up seeing a test on your current 4hr bar since we are back up at that high to the left. Not seeing any SOW yet.
Today's zone = Tomorrow's opportunity!
  • #20,788
  • Jun 7, 2011 7:46am Jun 7, 2011 7:46am
Quoting KinsaleForex
I sometimes struggle with this concept ....
Seb likes to see a Test (or No Supply) within 1-5 intervals after a bar like that to prove it is strength.

Based on that guideline, there is a No Supply within the 5 intervals and a hidden test on interval 6.

The No Supply is at the close, which you have deem as the trigger level.

Alternatively, the High could be used for the trigger. Because if this bar was strong, you would expect the see something happen at the high of this bar-you would expect buyers to defend the high. Using the high, the test 6 intervals later (and the test you identified) are signs of strength.

I would also say that you want to trade in harmony with the trend. Whatever definition(S) you are using for trend, it is unlikely that it changed after the high volume even though the price moved sideways a bit.
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #20,789
  • Jun 7, 2011 7:47am Jun 7, 2011 7:47am
Quoting pres78
Not a true ND since it is now lower than previous 2 and the no buying pressure is the highest volume in the last 3 upbars. I think we may end up seeing a test on your current 4hr bar since we are back up at that high to the left. Not seeing any SOW yet.
thanks pres, I looked at the levels again and I think you are right. the low of the bar I thought was ND is 4640, which is yesterday's POC. So if it was indeed SOW, that prior bar should not have pushed through the POC, but rather the ND should have been printed with the high near the POC as price moved up from below it. I think the fact that price moved up and close a 4HR print above yesterday's POC is SOS and now EU is just testing it from above like you say.
Change is the only constant
  • #20,790
  • Jun 7, 2011 8:07am Jun 7, 2011 8:07am
Quoting HiddenGap
Seb likes to see a Test (or No Supply) within 1-5 intervals after a bar like that to prove it is strength.

Based on that guideline, there is a No Supply within the 5 intervals and a hidden test on interval 6.

The No Supply is at the close, which you have deem as the trigger level.

Alternatively, the High could be used for the trigger. Because if this bar was strong, you would expect the see something happen at the high of this bar-you would expect buyers to defend the high. Using the high, the test 6 intervals later (and the test you identified)...
Thanks a lot HG, that's cleared up a couple of things for sure.

Quoting KinsaleForex
If you look at the 15min, at least on my charts, the highest volume close is 4630. 4644 on the 5min chart. I'd be looking more to those areas personally.

6401 on 15min cable as well.
Took a 15min test off that Cable trigger i mentioned previously, it just missed my target of 6450 so i moved my stop up which got hit. Perhaps moved it a little prematurely as the target was just hit
  • #20,791
  • Jun 7, 2011 8:13am Jun 7, 2011 8:13am
IBFX has been disconnected

How to use the correct data？
  • #20,792
  • Jun 7, 2011 8:19am Jun 7, 2011 8:19am
see chart, explanation on my crap stop placement above
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  • #20,793
  • Jun 7, 2011 8:35am Jun 7, 2011 8:35am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
My question is regarding the bar number 5, can be a bar which makes a higher high a no supply bar?

Quoting HiddenGap
Seb likes to see a Test (or No Supply) within 1-5 intervals after a bar like that to prove it is strength.

Based on that guideline, there is a No Supply within the 5 intervals and a hidden test on interval 6.

The No Supply is at the close, which you have deem as the trigger level.

Alternatively, the High could be used for the trigger. Because if this bar was strong, you would expect the see something happen at the high of this bar-you would expect buyers to defend the high. Using the high, the test 6 intervals later (and the test you...
  • #20,794
  • Jun 7, 2011 8:43am Jun 7, 2011 8:43am
  •  s7c
  • | Joined Mar 2011 | Status: try and fail but don't fail to try | 289 Posts
I'm looking for daily range from tokio open to us close, are you doing the same?i'm asking because even the trend is up on eur/usd the daily range is almost completed so a long trade could be trouble...
  • #20,795
  • Jun 7, 2011 9:07am Jun 7, 2011 9:07am
Quoting s7c
I'm looking for daily range from tokio open to us close, are you doing the same?i'm asking because even the trend is up on eur/usd the daily range is almost completed so a long trade could be trouble...
I think europeans has that kind of daily range +-2 hours.
I am not sure, but maybe most traders think London is center of this business.
  • #20,796
  • Jun 7, 2011 10:14am Jun 7, 2011 10:14am
The kind of trade I hate to miss.

NS at the vertical red line.
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  • #20,797
  • Jun 7, 2011 12:23pm Jun 7, 2011 12:23pm
Quoting s7c
I'm looking for daily range from tokio open to us close, are you doing the same?i'm asking because even the trend is up on eur/usd the daily range is almost completed so a long trade could be trouble...

In this scenario I would still look for longs until i see confirmation of trend change.
  • #20,798
  • Jun 7, 2011 2:28pm Jun 7, 2011 2:28pm
Quoting s7c
My question is regarding the bar number 5, can be a bar which makes a higher high a no supply bar?
In truth, I don't like this type of bar myself. It is true that the fact that it makes a higher high but closes near its low shows some weakness (Supply). However, the real clue is that the bar closes lower than the previous bar on volume less than the previous two intervals.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #20,799
  • Jun 7, 2011 3:48pm Jun 7, 2011 3:48pm
I've a question about the VSA test SO. Very often it is an up bar, but how do we recognize that it is a test?
  • #20,800
  • Jun 8, 2011 2:54am Jun 8, 2011 2:54am
Hello

I am bearish on 6e at the moment

I attached 7h chart with an END of RISING MARKET

Also i marked high of that bar on my 30 min ThinkOrSwim chart

Than if we move to 4 h

I used its high and close ...coos price is now in that region ..

All what i want to see now is 30 min right signal for sale it

I would then get in on 5 min with small position and will add after we go throu that low of 4h chart bar 1.4645

Would like to pick up profit at 1.4565

If we get that down move maybe even 1.4387 might be on the cards

And why there you can se on my 12h chart Tradeguider one

(That is also one ultra wide ultra high volume bar on 12h in that region..its close to be more precise...But lets first wait for 1.4565)

So that is what i am looking for today

All the best
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