[VSA] Volume Spread Analysis

[RAVIN]

o.k, so you would short at 8098, stoploss 8121, (23pts away), target 8076, low of that WRB (22pts), what about the support level of recent swing low at 8088.

Anyway once again the chart this time with a strong VSA indicator (red rectangle on Tradeguider indicating upthrust, also the correct Pivot values on it, infact look even better with price rejection at R2.

However we shall wait for more response

[ranj]

That inverted hammer looks like an upthrust.

The price action appears distributive in nature. Buying climax, followed by the the supply overcomming demand. upthrust, tend to occur at the end of the distribution phase.

I would short right after the upthrust with a entry trailing sell stop below the low of the Upthrust. I would pull my sell stop order if there is high vol. WRBody up bar.

Stop set at he high of the 9:05 bar.
Will look to add to my position after a break of the 9:10 low.
Target, would be the low the WRB and then the pivot low, but I like to look a higher timeframes to determine targets.

Rajiv
PS. What market is this?

[TinGull]

So, I was right?

[mr.marcus]

......it seems most people are concerned more with individual bars that the action leading to this point...thus isolating and reducing context...blinkered analysis.This in turn leads to very much ..."yes/no" ..decisions....long or short....the intent and motive of the price movement is key.There is no need for more context than this chart.

i will post a chart of what i beleive is likely to happen next.I no longer believe in giving the answers....unless individuals have come to conclusions for themselves...been thru the thought processes...then the reasons given ar worthless anyway.VSA attempts to box the market and leaves huge holes in between....context is lost....and also contains many illogical assumptions.However ,the path of we choose is our own responsibility....and part of the learning process.Lets just say VSA has too much assumption inlvolved....and its followers mainly assume that these assumptions must be correct.NOTHING of true value is available.....for $50,$500,$2000.....anyway s.

The market has,with highest probability created a LEFT HAND SHOULDER and were now instead that shoulder...building to break to the upside to fake,test and exchange with remaining demand....and creating a high degree of weak hand long open interest.We are likley to reverse between 830 and 840....once the exchnage is complete.We are currently showing low volume.....at this point ...yes sellers are in control....very few..and unsustainable.....the extra shorts about to be generated will help conclude the bigger picture.The Intent is still long....The motive....to create final demand to allow the exchange to conclude....and create serious fuel for downside to allow the "professional" sellers to profit.

Every bar is a part of this chain....starting and closing points of these bars are abstract...the market is a continual flow ...like a movie.....not a series of holiday snaps.So to see beyond these abstract time slots is key.The market doesnt like to be boxed.Understand their creation and the action merely confirms high probability outcomes we already had in mind.If not you are reacting.When you buy and sell....you do so with regards to value....value is the current price compared to projected future price .Future flow also has to be projected.Your size needs to be filled at these projected future prices.Professional decision making is based upon a projection of future order flow.Anyways....back to meetings.

Mark j

[rayl54292]

	Quote:	TinGull
	Per what Pivot has told me, BootCamp is definitely worth the money. Now...here's a stock I picked up on while learning this new scanning software I'm testing out. PCU It's a copper mining company, and copper's been on a tear. This was some GREAT VSA stuff here. Gap down into the 200ma which was bought as evident by the hammer. The stock still closed below the close of the prior bar, so still looked "bad" at the end of the day ticker. Looking closer we see... Enormous volume with a hammer closing at the highs. Awesome yet? Well, next day gapped UP and closed the gap only to trade up again and give another hammer! Currently sitting 56% higher from the close of that second hammer. Yesterday had nice increase in volume, nice spread, closed just off the highs breaking a minor resistance. Yum...VSA tastes like cake sometimes

nice job. if possible can u share the name of your scanning software? i've worked on a few things with mixed results. thanks in advance, for this chart and your contribution to fowarding the art of VSA.

r

[WHY?]

	Quote:	RAVIN
	sorry, forgot to upload the chart lets try again

Ravin, could you please post the same chart as a bar chart with open and close on it and of course the volume.

Thanks

[mr.marcus]

...heres an extended chart of expectation for the posted chart....it is not possible to project beyond this point with the given information.

To add,i tried to amend my previous message as i didnt want it to be taken too harshly,so attempted to remove the comments on VSA but alas admin rules state it is not possible.Also pretty poor grammar.

Anyways, happy trading

Mark J

[TinGull]

	Quote:	rayl54292
	nice job. if possible can u share the name of your scanning software? i've worked on a few things with mixed results. thanks in advance, for this chart and your contribution to fowarding the art of VSA. r

Thanks for your kind words. The scanning software I was using there is TeleChart.

[Reaver]

I agree with rayl on that one...I am going to dig into vsa to see what I can get. Thanks for the information to peruse.

[priceman]

	Quote:	mr.marcus
	......it seems most people are concerned more with individual bars that the action leading to this point...thus isolating and reducing context...blinkered analysis.This in turn leads to very much ..."yes/no" ..decisions....long or short....the intent and motive of the price movement is key.There is no need for more context than this chart. i will post a chart of what i beleive is likely to happen next.I no longer believe in giving the answers....unless individuals have come to conclusions for themselves...been thru the thought processes...then the reasons given ar worthless anyway.VSA attempts to box the market and leaves huge holes in between....context is lost....and also contains many illogical assumptions.However ,the path of we choose is our own responsibility....and part of the learning process.Lets just say VSA has too much assumption inlvolved....and its followers mainly assume that these assumptions must be correct.NOTHING of true value is available.....for $50,$500,$2000.....anyway s. The market has,with highest probability created a LEFT HAND SHOULDER and were now instead that shoulder...building to break to the upside to fake,test and exchange with remaining demand....and creating a high degree of weak hand long open interest.We are likley to reverse between 830 and 840....once the exchnage is complete.We are currently showing low volume.....at this point ...yes sellers are in control....very few..and unsustainable.....the extra shorts about to be generated will help conclude the bigger picture.The Intent is still long....The motive....to create final demand to allow the exchange to conclude....and create serious fuel for downside to allow the "professional" sellers to profit. Every bar is a part of this chain....starting and closing points of these bars are abstract...the market is a continual flow ...like a movie.....not a series of holiday snaps.So to see beyond these abstract time slots is key.The market doesnt like to be boxed.Understand their creation and the action merely confirms high probability outcomes we already had in mind.If not you are reacting.When you buy and sell....you do so with regards to value....value is the current price compared to projected future price .Future flow also has to be projected.Your size needs to be filled at these projected future prices.Professional decision making is based upon a projection of future order flow.Anyways....back to meetings. Mark j

Wow,

Mr Marcus, thanks for this insight. It will be interesting how this pans out. There's a lot of good information in this post that I'm going to take in and digest before even trying to reply on the chart. Keep up the great analysis!