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speres
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Everything posted by speres
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hello Db and i must say welcome, its great to have you aboard. looking forward to some of your insights......
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correct erie, if you trade bar by bar your gonna get caught up in a hell of a cob web....... I think your avators great btw
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bars 1,2 and 3 some shaking out going on 1. upthrust, suck in weak longs 2. prices marked down rapidly, catch weak longs stops, suck in early shorts 3. prices marked up again, catch weak shorts stops, draw in more weak longs 4. price attempts rally, pushed back down. vol not great, no real interest in goin higher 5. high volume bar with a tail. some profit taking here 6. price has found temporary support on this bar 7. upthrust
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Great example here yesterday of WRB pushing through resistance gbp/jpy. jpy 1hr.bmp
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good post Sledge may I also add that where you see a wide spread bar in a chart or price level is extremely important also . For example a wide spread up bar through a previous area of supply or resistance requires effort and intent from the pro's.
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Hello people, my first post here. Been practising VSA for quite a while now. I actually trade supp, res, this does help....... heres my take on yesterdays and current GBP/gpy action vsa only. A reversal B wide spread up with a bit of a top tail, high volume, weakness coming in. followed by another high vol wide spread up. Pros using this distribute. C hidden upthrust. You really don't want to be long now. D no demand. followed by down bar confirmation E price attempts a rally but is pushed down more downside to come probably. jpy 1hr.bmp