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Price is everything

  • #30,201
  • Apr 15, 2015 9:24am Apr 15, 2015 9:24am
Just took some scalp shorts, closed due to going away from computer but look for long term break to the down side on UJ retrace.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #30,202
  • Apr 16, 2015 6:26am Apr 16, 2015 6:26am
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  • #30,203
  • Apr 16, 2015 9:30am Apr 16, 2015 9:30am
Quoting Winston Reed
{image}
Hi! Why did you mark the area "Supply"?
  • #30,204
  • Apr 16, 2015 11:23am Apr 16, 2015 11:23am
Quoting Andrej07
{quote} Hi! Why did you mark the area "Supply"?
Because some guys need to start from page 1, but do not think they do!

Sorry, feeling mischievous until my username is deactivated
I need to finish something i started
  • #30,205
  • Apr 16, 2015 1:12pm Apr 16, 2015 1:12pm
Quoting Winston Reed
{image}


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  • #30,206
  • Apr 16, 2015 1:17pm Apr 16, 2015 1:17pm
Quoting Winston Reed
{quote} {image}
  • #30,207
  • Apr 16, 2015 1:39pm Apr 16, 2015 1:39pm
240minute supply level probably exhausted. Would like to see a retrace to demand and buy through supply.

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  • #30,208
  • Apr 17, 2015 2:38am Apr 17, 2015 2:38am
limit order on eu, hoping I get filled long.....


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  • #30,209
  • Apr 17, 2015 8:03am Apr 17, 2015 8:03am
Inserted Video
I need to finish something i started
  • #30,210
  • Apr 17, 2015 10:34pm Apr 17, 2015 10:34pm
Quoting Winston Reed
240minute supply level probably exhausted. Would like to see a retrace to demand and buy through supply. {image}
The emini S&P 500 sold off breaking through demand levels. Although H1 levels are shown pullbacks to new supply levels on lower time frames as low as 2min were very tradeable. I know volume is not highly regarded in this thread but it was a major factor in verifying levels. Volume on FOREX is an issue. Trading futures requires a fee but volume is accurate and worthy of trading. By the way volume is not an indicator. Have a nice weekend everyone.

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  • #30,211
  • Apr 18, 2015 12:35am Apr 18, 2015 12:35am
Quoting Winston Reed
{quote} The emini S&P 500 sold off breaking through demand levels. Although H1 levels are shown pullbacks to new supply levels on lower time frames as low as 2min were very tradeable. I know volume is not highly regarded in this thread but it was a major factor in verifying levels. Volume on FOREX is an issue. Trading futures requires a fee but volume is accurate and worthy of trading. By the way volume is not an indicator. Have a nice weekend everyone. {image}
very nice Winston. thanks for your insight in Volume reading. I am just wondering, which platform/ broker provide reliable volume of SP future? how to interpret the volume into trading decision, on the base of supply/demand + PA?
seeing through
  • #30,212
  • Apr 18, 2015 10:43am Apr 18, 2015 10:43am
Quoting pipphunter
{quote} very nice Winston. thanks for your insight in Volume reading. I am just wondering, which platform/ broker provide reliable volume of SP future? how to interpret the volume into trading decision, on the base of supply/demand + PA?
I use Ninjatraderbokerage. The live feed is CME and requires a $15/mo fee. The volume feed is accurate. "Master the Markets" by Tom Williams is a good place to start learning about VSA. Hiddengap also has many posts that are worthy of going through. Search "Rocky" and also look at "Bantro's" material. All good stuff incorporating volume into supply and demand trading.
  • #30,213
  • Apr 18, 2015 11:57am Apr 18, 2015 11:57am
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  • #30,214
  • Apr 18, 2015 12:23pm Apr 18, 2015 12:23pm
Aus1way;

The big boys know:

1. Price advertises the opportunity.
2. TIME regulates the opportunity.
3. VOLUME confirms the opportunity.

But let's leave that aside for a moment. Expecting that volume would validate every turn in the market is just as ridiculous as saying every turn in the market is a supply or demand zone.

Take a look at the chart below.

I would say that there is only one entry set-up based on VSA. I would also say that I am familiar with another method that looks for strong proceeding trends and then indecision candles for entry set-ups. This method too would only have one entry. What's my point? First, nothing is perfect. And second, sometimes it is not about what a method gets you into, but rather what it keeps you out of..........
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #30,215
  • Apr 18, 2015 11:23pm Apr 18, 2015 11:23pm
Quoting aus1way
{image}
Hello Aus1way,

I didn't sell at the area you have marked as I was looking to buy on a retracement. However the market seems to always do something different than what I expect which oddly enough I now expect. Hehe. Price moved into and past the first demand zone with high volume. Without getting into the details of VSA (of which I am no guru) price and volume did not suggest buying. However as price retraced price and volume suggested price might continue to sell off which it did throughout the day. I based my sells on much lower time frames than the H1. In fact I did so on the 2 and 3 min time frames. I mark zones using HTF. When price moves into one of the zones I observe price and volume on LTFs.

HiddenGap makes some excellent points and studying his posts (as scattered as they may be) is worth the effort if one is interested in applying volume to trading. Nothing is 100% but each one of us must find that combination that works. I have found the combination of s/d zones and volume to be that combination that works and is for me uncomplicated.
  • #30,216
  • Apr 18, 2015 11:45pm Apr 18, 2015 11:45pm
One of the best threads ever in internet
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #30,217
  • Apr 19, 2015 5:35am Apr 19, 2015 5:35am
Hi Winston, I'm no pro but here are a few charts of what I see in the S+P from a top down approach. I think keeping the tread pure Price Action helps newer traders, if they see posts on VMA there'll check it out before grasping the basics of here and before you know it there thread hopping picking up things they will live to regret, which I'm guilty of when I started out. In my opinion everything is here and RTM .
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  • #30,218
  • Apr 19, 2015 1:36pm Apr 19, 2015 1:36pm
Quoting aus1way
Hi Winston, I'm no pro but here are a few charts of what I see in the S+P from a top down approach. I think keeping the tread pure Price Action helps newer traders, if they see posts on VMA there'll check it out before grasping the basics of here and before you know it there thread hopping picking up things they will live to regret, which I'm guilty of when I started out. In my opinion everything is here and RTM . {image} {image} {image}

hey aus,

I think the target 1 is as low as we may go. Double bull engulfs after touching very nice demand on weekly chart. More importantly this is uptrend. h4 may go lower but I don't think very far imo. Lets see
  • #30,219
  • Apr 19, 2015 3:19pm Apr 19, 2015 3:19pm
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  • #30,220
  • Apr 19, 2015 3:48pm Apr 19, 2015 3:48pm
Looking for move to above supply. May tap 5 min demand first. Who knows? We'll see when price gets there.

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