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flimbo
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Hi there, i started read about a tape reading but after i read some articles about High frequency trading i am worring if its still able to read the tape using Time and Sales when there are many companies using HFT ? :crap: what is your opinion ?
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yes ninjatrader is best. but in default package it missing HLC bar chart. i build one myselft here is how it`s look also with Volume histogram it can be downloaded on ninjatrader forum.
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Hello there. What`s up traders this thread going slowly. maybe VolumeJedi could post some of his intraday charts or some others.
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I think in more detail Stoping Volume should have narrow spread therfore this volume stop the price move down coz SmarMoney buying all and this cause narrow spread. and Selling Climax have wide spread and close in the middle or on top. and it causes by bad news and possibly also margin calls.
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Hmm when you look at Th11/5 you see that huge volumes on two bars. Close is little bit bellow middle. and further reaction is not much weak. This can be strength comming. So therfore you should not look right now for No Demand. also No demand should have volume less then previously TWO and you have just less then previously one. and also for me it looks like high is higer then previous bar so this is not nodemand. and look for short right now is too risky my opinion.
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1.) No Demand Bar - Up bar on narrow spread volume less then previously two, close middle or on high, after you have Weakness behind you(background) 2.) No Supply Bar - Down bar preferably on narrow spread on very low volume close on middle or low. 3.) Upthrust - Misleading maneuver, move price up (preferably thru old top) catch some stops and then close on the low,This bar have big upper tail and close is on the low should have increased volume. 4.) Test Bar - Down bar close on a narrow spread, close on the middle or high, volume less then prev two after Strength appears 5.) Confirmation - Dont know what you mean but all bars like : No Demand,Upthrust,Tests are confirmation of Weakness or Strength.
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Agree, You should make effort to read stuff at first.
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Hi there there is no preferable ratio loss / profit in VSA . its up on trader. as well as timeframe. you can use 1min principles work on every timeframe as tom williams says. but 1min is quick so you must react quick and decide quick also risk reward should be not good so its up on trader. on TG videos they showing timeframes that usually they trading like gavin using 5min 3min sometimes 2minutes during his live sessions.
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Hi , then check out as well online chat. . vsa.pipsbuilder.com
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I know today are bank holiday but anyway principles are the same so just for study purposes 1- Bar that pussing tru old supply (absorbtion volume) 2 - No interest to go down price bounce from support. 3 - No Supply bar 4 - again bar that pussing thru old top but his vol is bigger then previously bar that pussed thru old top i added more weak to this becouse spread is tigher then prev. also close . and respond to this bar are wider then prev. 5 - Supply coming sign of weakness. 6 - No demand 7 - Upthrust. my conclusion: we can now expect some retracements.. maybe two lower lows and lower lows. i will be watching some counter trade. now. let see how it continue ;D
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here you go. for MT4 and for NinjaTrader as well BetterVolume 1.4.mq4 BetterVolumeBeta.zip
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thx, nice explanation, but you miss your Char "F" : )
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When i first seen this Chart i noticed big Range area looks like distribution. Whatever. Wide bar Closing on the low with big volume pusshing thru old Support is sign of weakness I guess its SOW Principle 6. You should wait for some kind of no demand . Also notice that on this picture, price is making Lower Lows and Lower Highs so Momentum is Down.
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Hello there, Does anybody have Sebastian Video analysis from this tread and trade2win as well ? coz links are dead. Thanks!
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Hi there, i want ask you how consider this chart from point of view strength and weakness. -Main Trend is UP. 1. Down bar close on low with excessive vol (possible strength) 2. Up bar closing on high with high vol (this bar for me confirm buying on 1. bar) so we have background. 3. Up bar with low vol. same spread and same close on high ( weakness - no demand for me) 4. Upthrust with high vol closing on the low another weakness Now more weakness appears then strength so can be this upthrust consider as a new background ? it going with momentum that is down. but prev background was good coz it go with main trend. now iam confused:angry: can anybody make a comments for this situation Thanks!