[Eiger]

	Quote:	jjthetrader
	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

Thanks, JJ. I actually didn't know that no demand requires a second bar for confirmation - thanks for that. I did understand that an upthrust is more of a secondary signal and that weakness has to be alive in the background. Since I prefer to short, I have to keep myself in check on those bars I registered for the TG symposium (London webcast), and hope that Sebastian will go over confirmation, when to pull the trigger, and the other fine points of VSA trading.

Thanks for the review, I really appreciate it.