[VSA] Volume Spread Analysis

[TinGull]

Chart of Gold this morning. Interesting stuff.

[rayl54292]

Hello,

First off, thank you to all, great, informative thread, really good stuff.

Here's a recent IPO I've been tracking, INFN.

Text book bottoming signals.

Feedback is apprecaited, new at VSA.

R

[rayl54292]

	Quote:	rayl54292
	Hello, First off, thank you to all, great, informative thread, really good stuff. Here's a recent IPO I've been tracking, INFN. Text book bottoming signals. Feedback is apprecaited, new at VSA. R

can't seem to get files uploaded, bummer. file too large. link to instructions on uploading?

[TinGull]

http://www.traderslaboratory.com/for...perly-805.html

[Anonymous]

Great stuff TG. Thank you and please keep it up.

Just wanted to add a few things. First, you are correct in you analysis. Here are a few things I would mention.

The first double arrow points to a wide spread bar with ultra high volume, closing up with the next bar down. Supply entered on this bar. This bar is also a WRB.

Two bars later we have an up candle on volume less than the previous two bars. This is No Demand. You called it an upside test, which is NOT an incorrect way of thinking about it.

Great observation about the next bar. The engulfing factor here is certainly telling.

I also have shown another area to enter or add on back within the Opening range (I assume the lines are opening range lines, if not, it does not matter.) Here we have an Effort to fall candle. Volume is high and the candle is wide spread creating a WRB. Price move up and we see a No Demand candle two bars later at the upper pivot line. note that this line comes at the mid-point of the body of the WRB. Hence the No Demand finds resistance at the mid-point of the body of the WRB.

For me, this is a slightly better entry point. Because the No Demand is completely within the body of the WRB and things are happening "where we would expect to see them". That is, at a known support/resistance area. If you use these type of things, they can help focus your attention. Of course, the S/R zones set up by the candles themselves are in many ways more telling.

again, nice stuff here. Hope you jump aboard and made a nice profit. To repeat an important idea, on the first example, while the No Demand is not completely within the body of the WRB, the engulfing candle could be enough off-set that issue. That is, some understanding of candle sticks can tilt marginal situations.

[TinGull]

Thanks a bunch Pivot. Really appreciate your analysis always I've never traded gold before, but am thinking about jumping aboard tomorrow cause the volatility Im seeing there is much better than the indices right now. I'll post up a chart this evening with a trade I was in on the ES.

[TinGull]

I'll do it now I guess. Funny how volume and price can tell you things BEFORE the news actually hits the wire, eh? This giant move up this afternoon was on a potential stake in Bear Stearns that Warren Buffet has been talking about today. I was long before that happened, but clumsiness on my execution platform made me click my stop to the current market action and got out with a teeeeeeny profit.



That large hammer/spinning top on very strong volume was my cue to look for longs. Obviously some demand looking at the bar itself, but when the next bar closed UP, I knew things were a go.

[TinGull]

A video on today's ES action through my foggy VSA lens...input is always appreciated! You should have QuickTime plugin installed to view this. It's a .mov

http://www.tingull.com/trading_vids/ES_VSA_092607.mov

[rayl54292]

Okay.

INFN, IPO I've been tracking.

From left to right.

1. Effort to rise.
2. High vol test.
3. Down bars with lower vol and smaller spreads.
4. Low vol test into are of previous hi vol test.

Supply seems exhausted, prices could rise.

Long at $19 or so.

R

[rayl54292]

	Quote:	TinGull
	http://www.traderslaboratory.com/for...perly-805.html

THXS! got it done