{quote} Thanks Jo, didn't see you had said it in the original post! So are you paying for Tradestation or are you getting it for free with the use of a broker feed?
Or I didn't know how to set it!
Or I didn't know how to set it!
- #24,082
- Apr 30, 2013 4:35am Apr 30, 2013 4:35am
- Joined Oct 2010 | Status: Looking at a few more charts... | 1,195 Posts
{quote} By the way, I tried to plot PnF charts with volume in Tradeinteceptor, as it is free, but seems like the PnF chart is still not good enough. Or I didn't know how to set it!
- #24,084
- Apr 30, 2013 7:17am Apr 30, 2013 7:17am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
{quote} Thank you.Yes it is...Long time ago someone tried to make indicator for MT4 ...I am not sure how good it is since nothing to compare...TS is usually in ticks...Maybe if you can post some charts in minutes...so I can compare it...
Left is 15min and right, 200 ticks.
The red squares mark the same price points in both charts so you can have a reference point to compare from.
Hope it helps. If not, let me know!
It was interesting to see the price action in cable today.
I was concerned about the long view but it was what it was. :-)
But today's trade is very thin so, instead of buyers stepped in, could be lack of sellers as well. Let's see how the week ends.
I'm done for the week. It is holidays here in Japan so, will refresh my mind.
Cheers!
I was concerned about the long view but it was what it was. :-)
But today's trade is very thin so, instead of buyers stepped in, could be lack of sellers as well. Let's see how the week ends.
I'm done for the week. It is holidays here in Japan so, will refresh my mind.
Cheers!
Since I'm waiting for a response, I thought I'd give my interpretation of the previous bars [if you all don't mind 
] that let me to take the supply test bar from the previous post.
Revised "no supply" to "supply test".
] that let me to take the supply test bar from the previous post.Revised "no supply" to "supply test".
Yes, I do enjoy eating bananas. Very much.
Since I'm waiting for a response, I thought I'd give my interpretation of the previous bars [if you all don't mind
Tests are best when there is strength in the background.
So, I don't know the price of this market now but, if you are still holding long, be aware of an up thrust, which could bring the price down very quickly.
By the way, welcome to the thread! You found the right place! :-)
Hello SimpleDev,
Thank you for the VERY informative post and warm welcome. I think I need to do some more flushing of the brain. My old habits, which has proven to be unprofitable in most cases, is still strong.
What would help determine the continuation of the trend? I thought those lower volume bars would indicated uninterested selling.
Joaoborras, thank you. Fortunately, this is only demo. I have yet to grasp a firm understanding on VSA to trade live yet ( as you can already tell
). If the move does go up, I have a feeling there'll be a shakeout (inverse thrust?) hitting my stop and shooting up. Those SMs are good.
-IEB
Thank you for the VERY informative post and warm welcome. I think I need to do some more flushing of the brain. My old habits, which has proven to be unprofitable in most cases, is still strong.
What would help determine the continuation of the trend? I thought those lower volume bars would indicated uninterested selling.
Joaoborras, thank you. Fortunately, this is only demo. I have yet to grasp a firm understanding on VSA to trade live yet ( as you can already tell
). If the move does go up, I have a feeling there'll be a shakeout (inverse thrust?) hitting my stop and shooting up. Those SMs are good.-IEB
{quote} Hey IEB, welcome to our little VSA thread. VSA is all about looking to the left of the chart. I am just going off the image you gave us.. Bar 1: Volume isn't massive but it is high, and this bar is an up bar with a weak close, there is potential selling on this bar. 2: UT which volume on this bar is higher than bar 1, more potential selling here. 3: ND The bar you went long on is a test, but with those 3 bars in the background the odds are in favor that this pair is weak and price is likely to fall. That test could also be successful and...
Yes, I do enjoy eating bananas. Very much.
- #24,100
- May 2, 2013 12:53am May 2, 2013 12:53am
{quote} And if you go back on the 1hr chart, you'll see it bounced off of a good demand area too. I don't have charts now to show, sorry!
Hello SimpleDev, Thank you for the VERY informative post and warm welcome. I think I need to do some more flushing of the brain. My old habits, which has proven to be unprofitable in most cases, is still strong. What would help determine the continuation of the trend? I thought those lower volume bars would indicated uninterested selling. Joaoborras, thank you. Fortunately, this is only demo. I have yet to grasp a firm understanding on VSA to trade live yet ( as you can already tell
bar 1: Up bar high volume comes in, possible weakness. Although note the close of this bar is on the highs, which is a strong close.
2: narrow spread bar and higher volume than bar 1 and close in the middle, potential selling.
3: Hidden UT
4: SO
5: Test, you could go long here, but I think its too risky, even though bar 1 had a strong close, I am cautious of bar 2 and 3.
6&7: High volume up bars but closes are still pretty strong.
8: This is a safe entry, down bar, close off the low, and the low of this bar is above the potential weakness of bars 1-3.
Also note that in the area of bars 6-8, we do not see any UT or NDs. You are loosing out on some of the pips by passing up the entry on bar 5, but if you start hitting 80-90% win rates you will be able to risk more than if you were only hitting 50-60% wins.
