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Pivot,
I would have entred during the black candle but at the lows of the first No Demand bar - .01. My stop wouldn't have been hit beacuse I usually place my stops at the highs/lows of a 5 channel. That being said, I would consider myself lucky.
flatwallet |
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Nice. Thank You for the reply. Please post some charts with examples, we can all benefit from your knowledge.
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Hi PivotProfiler,
if you mean "where would you have entered", I would reply at the close of the black candle following the 1st No Demand bar.
However my stop would probably have been hit and I would have closed my position with a loss.
Best regards. |
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First, Hello GG. I am glad you joined me here. You seem to be making good progress. Keep posting.
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From a pure
VSA point of view the ideal entry is when the No Demand is confirmed. We have a lot of weakness behind us in the form of a failed test and supply entering on up bars with high volume. For me, however, I like the No Demand within the two support/resistance zones: the WRB and the Long Shadow. For some it is a bit late, but note that here a stop just above the No Demand would never be in jeopardy. Moreover, here we are actually using the low volume sign that appears in the range of high volume candles.