Analytical VSA Trader - Trading with Volume Spread Analysis

In point 1 there was an up bar with a very wide range and high volume. The next bar was a down-bar, which indicates the predominance of sales over buying on the previous bar. VSA also identified selling in this area.
In point 2 and 3 – a series of “Up-Thrusts”;
Suggested strategies...

Read more http://www.analyticaltrader.com/euru...s-and-volumes/

The Pound has been showing strength in the volumes lately, on the major pairs, with congestions showing a demand zone being formed at these prices.
GBPUSD... In GBPUSD the prices just bounced off the demand zone, which were the first long signal, due to the strength behind. The target is at 1.326... Read more: VSA + Congestions in Pound (Market Analysis)

In the last post, I noted there was strength behind that had been sustaining the prices, but further confirmation was needed to enter in a trade. In GBPUSD, the confirmation was the weak congestion zone being broken, but as prices were approaching it, there was some supply shown by a weak congestion bar. The reaction rally was on low volume, showing there wasn’t enough ‘gas’ to break the resistance. On the London session, ...
Read more: http://www.analyticaltrader.com/gbp-...lume-breakout/

EU ranging, Leo do you think its supply? Background weak in m15, neutral in m30..

Hi, at the time, yes, and it actually coinceded with a weak zone. After a downturn there was more accumulation towards 1.112 level and it was broken shortly after. Check attached pic

Before Wednesday’s FOMC statement, USDCAD started showing supply signs above a strong zone. On the FOMC’s statement release, there was a rally, but the prices quickly tumbled, forming what we call an ‘upthrust’, on very high volume. This is what we know to be of a good breakout sign, and breakouts can be traded when it occurs.

Read more... USDCAD H1 – Trading Congestion Zone Breakout +76 Pips

After major supply knocked off the precious metals on a sideways trend, gold prices have been oscillating, with no clear direction. Silver on the other hand, has been slightly weaker, with a defined downtrend. The most visible supply bar was the wide red bar by the end of June... Read more at http://www.analyticaltrader.com/gold...-term-outlook/

Hi Leo i Just read your blogpost http://www.analyticaltrader.com/gold...-term-outlook/

Almost pulled the trigger last week in gold, grrr

Tomorrow at 1:30pm BST the NFP and unemployment numbers are being released, which could provide the breakout of critical levels in USD pairs, such as in USD/Yen. Read more: http://www.analyticaltrader.com/usdj...ce-before-nfp/

In point 1 there were a series of up-bars with a wide spread and high volume. This bullish maneuver is a Potential Buying Climax. The two subsequent down bars confirmed the supply, therefore also confirming the weak congestion zone... Suggested Strategies... Read more How to Trade EURUSD’s Hourly Downtrend

Since the previous analysis, the price continues to remain in the trading range 103.17 – 104.30, with congestion zones formed in between. Point 1 was the breakup up-bar of a strong congestion zone. In the 15 minutes timeframe, there were also clear signs of a bullish movement. Read more http://www.analyticaltrader.com/usdj...103-17-104-30/

HOURLY
In point 1 there was an up bar, that looked like a “Shakeout”, with a very high volume and an average range. This is a pattern that shows demand, and on a critical point, approaching the weak congestion zone ahead.
In point 2 there was the resumption of buying after prolonged shaking out on a downward trend.

Suggested Strategies
Consider buying if the price breaks out the level 1.106 and «No Supply» appears (down bar with a narrow range and a low volume). Also, consider buying if...

Read more EURUSD Intraday – Approaching 1.10 Resistance

Tomorrow, on 8th November, the US presidential elections begin. Up until now, the dispute on the presidential race between Hillary Clinton and Donald Trump has been a fierce battle. The polls have been mostly in favor of Hillary, although Trump has been gaining terrain in the last 3 months. Three months ago, Hillary had an advantage, in average, of +8pts ahead of Trump in the polls, but mostly due to Clinton’s scandal with the confidential emails which involved an FBI investigation, Clinton now leads Trump by just 3 points. On some polls such as LA Times/USC Tracking, Trump is the leader... Read more US Elections Effects in the Forex Markets

EURUSD: Markdown

Dynamic trend: Turned up
Background: W1 very weak; D1 weak
Phase: Markdown
Support: 1.055
Resistance: 1.066

Attached Image (click to enlarge)

EURUSD Hourly

Point 1: There was a potential Selling Climax", with a very high volume and a wide range. The subsequent bar was an up-bar, which indicated buying pressure.
Point 2: Represents a "test" with low volume and a narrow range relative to point 1. The following up-bar confirmed the success of this maneuver. Low volume when breaking out the latest low, indicates no selling pressure
Point 3: There was a "Shakeout" with a normal volume and a wide range.
Conclusions: The recent action is bullish, and indicates market strength. However, we should wait for the confirmation of the 1.066 level"

Suggested Strategies: Read More

Dynamic trend: Turned up
Background: W1 weak; D1 strong
Phase: Markup
Support: 111.80; 111.00
Resistance: 113.60

Analysis

Point 1: There was a breakout of the resistance level with a wide range and a high volume bar. The following up-bar confirmed demand. Moreover, on a smaller TF we can observe a successful test after this breakout, which confirms the strength.
Point 2: We can see a "Potential stopping volume" with an average range and a high volume. Because the subsequent bar was a down-bar, this maneuver is not confirmed, however, we should take into account that the strength comes on down-bars, and in the case of a successful test levels around 111.80 and 111.00, we will be going long.

Suggested Strategies: Read more

Dynamic trend: Turned up
Background: W1 weak; D1 strong
Phase: Markup
Support: 113.60
Resistance: 116.00


JPYUSD: Hourly

Observations

Point 1: There was a breakout of the resistance level, with an average range and a high volume. The following up-bar confirmed buying. In addition, on a smaller TF, we can observe a successful testing after this breakout, which confirmed the validity of this movement.

Point 2: We may see a "Shakeout" with a wide range and very high volume. Because the subsequent bar was a down bar, and the volume was high, we may conclude there is a large supply in the market, which must be tested.

Point 3: A second breakout of the resistance level (113.60) occurs.

To know more: https://wp.me/p63jYV-1AG

Will EUR Rise Over USD?

Dynamic trend: Turned up
Background: W1 very weak; D1 weak
Phase: Markup
Support: 1.066
Resistance: 1.079





Considerations

Point 1: We can observe "Shakeout" with very large volume and a wide range, on a weak congestion zone. This movement alone indicates absorption of supply, but the subsequent down-bar indicates that the supply is still high, and the market is not ready to grow.

Point 2: "Test" with a low volume and an average range. Follow up-bar indicates the success of the maneuver.

Point 3: There was a breakout of the congestion zone with a high volume and wide range. In TF M15, a successful test occurred and then continued to grow.

To know more: https://wp.me/p63jYV-1BO

Euro/Yen 2-Week Trend is Broken - What's Next?

Hourly Trend: Down
Resistance: 122.800
Support: 122.142

Euro/Yen Hourly


Euro/Yen Hourly - Trend Changing

Euro/Yen's been trending for the past 2 weeks, but on today's Tokyo session, the up trendline that was in control just broke.

Point 1: In this top, there was heavy supply by professional traders pointed out by the VSA indicator [Free Demo] , as the market made a top on high volume, and went into a downtrend in even higher volumes. This happened when touching a weak congestion zone (selling zone) above, and all together, it's a common reversal sign.

Point 2: On the reaction a few days later, the market reached 122.970 on low volume (volumes lower than average). With such selling behind, this is never a good sign, and the market then went on sideways.

Current time: As the ranges have been narrow for the last 2 sessions, this action can be better understood in a lower timeframe, such as 15 minutes.

Euro/Yen 15 Minutes


Trading Range in Euro/Yen 15 minutes

In the 15 minutes, we can see that the market is in a trading range, with a buying zone below, and a selling zone above. The current rally is happening on high volumes, and so it's likely for the trend to continue until 122.8.


Suggested Strategy

Wait for prices to go to the resistance at 122.8, and look for further supply or low volume up bars in the hourly timeframe.

Euro/Yens Bounce Off Resistance on the Hourly https://www.analyticaltrader.com/eur...on-the-hourly/

Background: Weak
Entry reason (1st trade): Low volume up bar on resistance, with weakness behind
Close reason (1st trade): Demand signal
Entry reason (2nd trade): Low volume up bar and failed test

Attached Image (click to enlarge)

Following up on last weeks post about Euro/Yen, upon reaching the resistance, this pair continued to show supply just above the zone at 123.44, and the background soon turned weak.

1. First short trade on the break of a low volume up bar, inside the weak zone. Closed when there was a demand signal, and the traded end up being barely break-even.
2. I took another short trade on the break of a low volume up bar. This was also a failed test, which showed further supply. Holding the trade until the support at 120.900, or further strength in the market.

Euro/Yen's Bounce Off Resistance on the Hourly

Background: Weak
Entry reason (1st trade): Low volume up bar on resistance, with weakness behind
Close reason (1st trade): Demand signal
Entry reason (2nd trade): Low volume up bar and failed test


Euro/Yen Trade

Following up on last week's post about Euro/Yen, upon reaching the resistance, this pair continued to show supply just above the zone at 123.44, and the background soon turned weak.

1. First short trade on the break of a low volume up bar, inside the weak zone. Closed when there was a demand signal, and the trade barely broke-even.
2. I took another short trade on the break of a low volume up bar. This was also a failed test, which showed further supply. Holding the trade until the support at 120.900, or further strength in the market.

To know more: https://www.analyticaltrader.com