[VSA] Volume Spread Analysis Part II

[forsearch]

	Quote:	NAVEEVIa
	Anybody have the KPCurrency moneytec thread on VSA. i am unable to find it. thanks in advance Naveen

Try searching or asking someone over there for it. It's not rocket science, you know.

http://www.moneytec.com/forums/f14/v...84/#post214920

[NAVEEVIa]

Thanks for the tip
I would appreciate if somebody here could help me out.
If anybody saved that thread & can send it to me or post a public link here, that would be great help for those learning VSA( including me).
That guy did lot of incrdedible work
Cheers
Naveen

[Sledge]

	Quote:	NAVEEVIa
	Thanks for the tip I would appreciate if somebody here could help me out. If anybody saved that thread & can send it to me or post a public link here, that would be great help for those learning VSA( including me). That guy did lot of incrdedible work Cheers Naveen

Naveen-
KPcurrency is the same guy as PivotProfiler who posted here. He tore down all of his work in the VSA thread, but one of the super talented Moderators took a lot of time to restore the work by matching charts up with the text.

You can see the restored thread of VSA I here:
http://www.traderslaboratory.com/for...ysis-1369.html

Hopefully this helps you!
Sledge

[Seb Manby]

wednesday 30th April

Fed lowered interest rates today, so what? well there was a selling climax at the end of the session today, and so thursday will open higher at the bell, this could even extend through Friday. SP Emini contract.

FOMC always a good shakeout opportunity for the professionals to rid the market of the herd.

Regards Sebastian

[Gary]

Great Symposium, Sebastian. I was going through the principles sessions today during the lackluster trading, and getting even more out of the rich content. What an incredible event. I saw the climatic action at the end of the day and wondered "could this really indicate a higher level tomorrow?" Now I know I am seeing it!

[Seb Manby]

Hi Gary

Glad you enjoyed the event.

regards Sebastian

[zeon]

	Quote:	Seb Manby
	wednesday 30th April Fed lowered interest rates today, so what? well there was a selling climax at the end of the session today, and so thursday will open higher at the bell, this could even extend through Friday. SP Emini contract. FOMC always a good shakeout opportunity for the professionals to rid the market of the herd. Regards Sebastian

Looks like a good call

I wonder how many people still think this is a bear market and not a bull market correction. With the S&P at 1400, the DOW almost above 13000 and the NQ shy of 2000, is there any stopping to this? Even all the bad news couldn't push this market lower.

[Eiger]

I've been away from this forum for a while, but thought I'd step in and say hi to everyone. Here's an update on the SPX - sort of a back then and now. If you recall, back in mid-March and again in early April, I indicated that the technicals looked good for higher prices above the 1395 highs in the SPX. It must be quite frustrating for the bears who are still calling for shorts! Will they ever learn? The news has been bad and the market continues to show strength from the lows in mid-March. This should tell them something. The only real concern was the high volume up day after the Fed cut rates dramatically (Mar 20), but the subsequent reaction was on narrow spread and low volume (a test), as has been the character of every reaction in this uptrend since. The period of absorption came later than I originally noted, but you can see that the market nonetheless bought its way through the supply area between 1370-95.

Today, the market bounced off the longer-term Supply Line (now support) with some vigor. The market has been trending up and has not been in an overbought position nor shown signs of major supply or ending action. I don't see any concern to long positions taken at lower levels. Rather than hugging tight to a bias and looking for anything that would confirm that bias (known in Psychology and Behavioral Finance as the error of "Confirmation Bias"), I think it best just to follow the market day-by-day using Wyckoff/VSA principles.

Eiger

[Gary]

I made two trades today based on what I learned at the VSA Symposium. These are the first trades I made since the event.

The first trade was a short on the emini on the 10 minute chart. I entered on the close of the no demand bar and trailed a stop until the volume spiked and I covered.

The second was a long trade on the 3 minute chart. I took a test after strength appeared in the background. The spread on the test was maybe a bit wide, but it worked out OK. The trade was closed a couple of ticks below resistance because it was getting late and with the big move down, the resistance traders would be shorting there.

I learned a lot at the symposium, as today's trading shows. Plus, the cost of the training was more than covered today.

[gassah]

	Quote:	Eiger
	The only real concern was the high volume up day after the Fed cut rates dramatically (Mar 20), Eiger

Hi Eiger,

Your first attachment has a minor creek drawn across the 3/20 region but I have to disagree that this was a jump of that minor creek. There wasn't any volume on the jump and creeks are where the volume comes in. I wouldn't count the volume of 3/20 because it was below the creek you drew and because it was an expirations day and doesn't show up on any charts except with the NYSE volume.

The markets may continue to rise but the range depicted is not one of those classic bullish ones taken out of the SMI/Wyckoff course. It looks more like trading range activity that can still have bullish components to get from the low end to high end, but without having the oomph to convincingly jump the major creek, at least where one can confidently predict it, IMO.