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Old 02-01-2008, 10:35 AM
Piggyback_Trader Piggyback_Trader is offline
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Re: [VSA] Volume Spread Analysis

Trade of the Day:

Did not trade yesterday, travel day.

Took two trades, the first was a scratch, order entry problem, made a few ticks on it. I do take a second trade if the first is a scratch.

1. Set up - Effort to rise at 6:48.

2. Permission bar is green test bar at 6:57 - test of price back into effort to rise.

3. Enter on no supply bar at 7:00, lay-up for my profit.

Big boys knew what the news was going to be evidenced by the no supply bar at 7:00, I saw the footprints the big money leaves behind and piggybacked the move. Simple, easy trades only.

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Blu-Ray (02-01-2008), EyeQue (02-01-2008), jjthetrader (02-01-2008), rodney (02-03-2008)