- #22,881
- Apr 16, 2012 12:42am Apr 16, 2012 12:42am
- | Joined Jan 2009 | Status: Fading the specs | 1,374 Posts
- #22,899
- Apr 25, 2012 4:50am Apr 25, 2012 4:50am
Hello Malcolm! It's a pleasure to see you here again!
May be I will be lucky man and will get your response!
So, you have told about distribution on EURO. But I have some problems to determine this.
We were in an up trend.
All bars with high volume are on down bars. Especially this last down bar on narrowed spread and very high volume.
Saw this several uptrust bars, but due to relatively low or average volume hadn't paid attention on them.
Whats not right from VSA perspective?
Thank...
Will make an effort.
1. Up bar on very high volume. Absorption volume.
2. Up move with relatively lower spreads and lower volume. (It can be diminishing of demand. Now we need to see down bars with lower volume, spreads to tell that the market is still strong)
3. We have this small down move. (Market don't want to go lower right now)
4. We have some problems as market trying to go higher. On this up move volume is lower. No power to go higher. And this is UT bar.
5. Two down bars on average spread and very high volume. This can be described in two ways.
First one: This bars represent buyers as spread is narrow and volume very high. (negative result, as we don't see price going higher immediately)
Second one: We have testing of supply. Testing on high volume represent supply. (negative result, as we don't see price going higher immediately)
6. Again we have an up bar, spread is not so wide and volume is not so high. And also note that bar has closed in the middle. All this is not so good for buyers.
7. Wide spread down - good sign for sellers. But next bar has narrower spread and very high volume (possible buyers here, we must observe further up move on good volume and wide spreads to confirm buyers)
8. Wide spreads? NO! Higher volume on wide spreads? NO! ( Buyers from point 7 have not confirmed.
9. Potential buyers here due to narrow spread and very high vol. (And again we need to see confirmation)
10. We don't have volume on this up move. Every buyers or sellers campaign to push price higher / lower must be accompanied by good volume. In this case we don't have volume. We have here wide spread, but again look at the volume. Somebody will find a test bar, but I don't want to call this bar a test due to Asian session. In Asia session there are to many failed tests usually.
11. Price have touched this horizontal line again. But without volume. This up bars are like testing of demand. No we don't have demand here again.
12. Down bar on high volume. From Wyckoff this is not good reaction. From VSA we have stopping volume and we need to see further strong up move to confirm. We don't see further good progress.
13. Narrow spread and very high volume. Two ways of analyzing this bar:
1. We see buyers and they want to push price higher. We must observe further good rally.
2. This is testing and now we see to much volume on this test to expect higher prices. We must look for further action.
Result: Low quality of rally. Need to see further testing in area of point 13.
14. Uptrust on low vol.
15. Not good quality of testing (vol is still high, spread is not narrow)
16. I would like to see more progress of price with such volume.
Want to conclude:
1. Every rally are on low vol.
2. We see series of up trusts (like tests)
3. We don't have to much progress from buyers.
4. May be something else
And for me this action is still tricky.
It is possible to sold here at point 14. But I preffer to use lower TF to get in.
Malcolm, If it will be possible, tell me please whether you agree with this analyses or no. Thank you!
