DislikedVolume is still low on down bars at the moment, but getting worried {image}Ignored
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DislikedVolume is still low on down bars at the moment, but getting worried {image}Ignored
DislikedHello, I just began my journey on VSA. I've read the first 100 pages, and below going forward, I would like to take a swing at some demo trading. Can anyone give me advice/suggestions from my interpretation of the chart? 1.) Supply Test = Low spread, closed upper half. 2.) Confirmed = Close above high of previous candle. However, it is closed somewhat in the middle, indicating that there is some selling pressure? Thank you, ieatbanana {image}Ignored
Disliked{quote} Yup I see it back on 4/1, thanks buddy I did not see that. {quote} Here is an example of how I prefer play a test after weakness appears. 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...Ignored
Disliked{quote} I see the words "AceGazette" on your chart. This leads me to believe you have had some exposure to Supply/Demand trading concept. My question is thus, Where is the Demand Zone form which you are taking this trade? Sam states that one of the biggest mistakes the losing trader makes is to buy after a rise in price in a place where there is an aboundance of supply. I don't know if there is a supply zone there but I do see a rise in price. The reason to go long would have to be pretty big. Like a "zone flip", which I personally do not believe...Ignored
Disliked{quote} I see the words "AceGazette" on your chart. This leads me to believe you have had some exposure to Supply/Demand trading concept. My question is thus, Where is the Demand Zone form which you are taking this trade? Sam states that one of the biggest mistakes the losing trader makes is to buy after a rise in price in a place where there is an aboundance of supply. I don't know if there is a supply zone there but I do see a rise in price. The reason to go long would have to be pretty big. Like a "zone flip", which I personally do not believe...Ignored
Disliked{quote} Excellent post! Good to hear from you again buddy. A little bit of AJ for today, its NFP day though so LO may be a slow session. Obviously some selling occurred today, if price rolls over I may try my hand on a short. Currently price is in an up trend (red line) so no shorts just yet. {image}Ignored
Dislikeddid anyone predict this move up, please share how you did it Thank you {image}Ignored
Dislikeddid anyone predict this move up, please share how you did it Thank you {image}Ignored
DislikedNope. Too "risky" for me I would be looking to short. Giving my analysis (forgive my inexperienced perspective): These candle would stick out to me. Please see below. The number correspond with the orange lines drawn. 1 = 1st. 1.) Climatic Buy Bar. // Now I'll be looking for supply test, or failed demand test 2.) Upthrust bar. // Attempt to rise, but pushed down. Still waiting for test 3.) Supply test. // Lower low than the previous candles with lower volume than the previous two candles. Waiting for next candle confirmation. The next candle...Ignored
Disliked{quote} First thing you need to do is add volume to your chart . VSA is not about predicting. Can you attempt to make educated guesses about where price is heading using VSA? Can you venture an educated guess based on what the current PA combined with the background is tell you? Sure you can but the best practice is to trade the entries you see that align with the overall background. Do you see an entry to go long on your chart? If not perhaps it is because there was not one there or perhaps someone else can show you one you missed or...Ignored
Dislikeddid anyone predict this move up, please share how you did it Thank you {image}Ignored
Disliked{quote} I posted I was bearish on this pair and was wrong, so this is just all in hindsight. I have been looking at this move and really I didn't really see what happened until I was looking at AU. As I was looking at AU, it was more evident that the dips were being bought.Ignored
Disliked{quote} Here is AU, it is clearer that AJ and what made me realize that prior days are just as important as the previous day. {image}Ignored
Disliked{quote} ....Not every move up or down has an entry and some moves just happen so quickly we cannot cash in on themIgnored
DislikedI posted I was bearish on this pair and was wrong, so this is just all in hindsight.Ignored
Disliked{quote} Right now I have only this to console myself with Thanks for the post. {quote} this was very encouraging. Hope you don't mind if I save that image of AJ (buying on dips). it is is easier to learn that way.Ignored
Dislikedabout the AJ move, I would like to add my 1cent on this one, using SD charts(infringing copy rights here! :-) It is also in hindsight but it is highly valuable to input it in our minds for next time we see it. Anyways, the point I would like to reinforce is that it is worth to keep high volume areas in the charts until they are clearly exhausted because it can help us to read the story in the future, like this one. {image} 1. HV up bar, showing selling there(and the price fell, indeed) 2. effort to rise or effort to break the supply area in 1(here...Ignored
DislikedHello All, Happy Monday to you all! Here is a live chart that has caught my attention. Based on it's reaction, I will decide to trade or not. High supply at red box, hoping for a test of supply after it hit that box. My bias is up, atm. Volume is increasing, as down bars close off its high. Feel free to input, anyone. {image}Ignored