[VSA] Volume Spread Analysis

[mroalan]

http://img300.imageshack.us/my.php?i...r4386ddqz3.png chart refering to volume on small bodied candles.

[mroalan]

looks like i,m in business!! away for the W/E. pop in sun.

[RAVIN]

VSA in Realtime folks,

Attached 5min chart, R1 is pivot resistance

1. What do you read
2. What do you expect
3. What is the trade, stop loss, target
4. What price action would you like to see that will negate the original plan

cheers

[RAVIN]

sorry, forgot to upload the chart
lets try again

[TinGull]

Hmmm, to me looks like I'd be getting short with a stop above the high around 8120. But...I'm no expert, so who knows what'll happen.

[RAVIN]

	Quote:	TinGull
	Hmmm, to me looks like I'd be getting short with a stop above the high around 8120. But...I'm no expert, so who knows what'll happen.

No particular expertise required, the VSA signs are all there
1pt here is $25 , so your stop is at a risk over $500, what about the target .

[TinGull]

The daily pivot would be a target. Bottom of the WRB. the WRB is a support zone for price now, so I'd be cautious.

[TinGull]

Actually, looks like the WRB is holding price inside it now....so, could be all good.

[TinGull]

[RAVIN]

O.K, let's wait for some more response, if any further context is required would be glad to provide