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Thanks, JJ. Yes, let's focus on VSA  Actually, I am hoping some of you will find things missed or errors in my VSA analysis. I really hope you do, as there is no better way to learn. |
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Well in that case, you're reading everything wrong! Just kidding
These first few bars that you labeled 'no demand' which were later discounted are something that in real time you might just label as 'potential no demand'. I remember Sebastian saying you could drain your brokerage account very fast if you don't wait for confirmation. A bar doesn't actually become no demand until you get that second bar closeing but I know you know that. The tradeguider software won't paint until the confirmation bar either.
I don't see anything wrong with you labels though. That first bar you pointed out that appears to have supply on it was basically that, a bar with supply on it. Tom says things like an upthrust isn't an upthrust unless there's weakness in the background so in this instance a bit of supply was hit but with no weakness in the background it's not enough to do much.
I like your post because then I go over it myself to see if I see anything different and it helps me learn to.
Cheers