TG, Thanks for starting this thread. This weekend I made a couple of indicators for Ensign to flag a couple
VSA type long reversal bars, and today it paid off. The market lacked outside influence/paper, and it was the props vs. the retail guys all day. I noticed the ES was once again being led around by the ER2 for the greater part of the immediate past when a
VSA long setup (or at least my interpretation of it) occurred. The image ER2_VSA_Long is what I saw. I exited my ES short, and went long the russel on then next one minute bar. The time on the chart is CME exchange time. The next image ER2_070311_08 is a 5 min chart showing the entire day with the blue vert line the entry bar. Incase anyone is curious, the horizontal lines are: YHigh=yesterday's high, YHVA=yesterday's volume based
value area high, P=pivot (RTH only), YVPC= yesterday's volume
POC. The last image ER2_070312_07 is what Market Delta showed for the same bar.
Most of you probably trade the YM, so I just wanted to show a different mkt.