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robertbumbalough
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Posts posted by robertbumbalough
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raffa,…and fwiw - To me, all the subliminal / suggestion / self-hynosis / affirmation stuff is total crap.... built on some really invalid assumptions about the pervasiveness of the whole brains' use of language... etc
hth
Stroop effect shown nullified by hypnotic linguistic suggestions. Columbia News ::: Hypnosis Gaining Ground in Medicine
Some non-conscious parts of the brain can and do use language to communicate with the pre-frontal cortex as was seen by Stetter and Kupper in their meta study of Autogenic Training studies. SpringerLink - Applied Psychophysiology and Biofeedback, Volume 27, Number 1
Hypnotic suggestion works in some individuals who willfully want it to work. It does not work in people who willfully resist relaxing and focusing attention.
NP is a good product. BWE benefits most who use it even if the benefit can be attributed to placebo effects. (BTW, Placebo effects are strong evidence that non conscious parts of the brain do process verbal linguistic information.) While statistical studies of outcome anecdotal modalities do not meet Popper's falsification criteria, the fact still remains that each person is responsible to their own selves to earn their self esteem and respect. If BWE helps, then good for them.
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Thanks Jaygo for posting your chart and analysis. This is helpful. The E7 action is bullish. There is much strength in the background because like Tom Williams says in his books when big capital sees strength in the cash market they buy in the futures and options market to better their own accounts. The attached image shows a 15M E7 chart from yesterdays trading. The strength seen in the move off a double bottom will be endure for some time till selling pressure overcomes it.
Best Wishes for Big Profits
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Anyway the question is: do market makers ever test for supply by marking the price up?
Hello Quinn from Robert Bumbalough: I think that orthodox VSA would say no and that if makers/specialists thought supply present at higher prices and desired to move prices higher still they would gap or quickly run price through the price range where suspected sellers might be ready to close positions. However, I think that big capital will test markets to the upside in search of buyers using the same principle as testing for sellers, a rapid markup and subsequent withdrawal of further buying to see if other big money operators are interested in higher prices. If a high volume bar closed at its highs and then the next few bars were on lower volume while maintaining higher price, then other big operators would not see that as a selling opportunity, and then higher prices would be more likely. Charts that show stair stepping price appreciation patterns exhibit this phenomena so I like to think. Maybe I'm wrong and my account balance would tend to indicate that I am wrong. However, it makes sense to me and thus when I see that I trade it to the long side.
Best Wishes and Regards
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Quick Quide Explanation would be helpfull explaining how to determine the following:1.) No Demand Bar
2.) No Supply Bar
3.) Upthrust
4.) Test Bar
5.) Confirmation
See attached pdf showing some TG bar definitions and examples. Best Wishes for Big Profits.
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It appears to me that the trend changed with Climax up bar[bC]so the prevailing trend is DOWN.
[4] could be an upthrust which is bearish
also the range increase also adds to the bearishness.
Tradeguider guy, Gavin, always waits for this that or the other to confirm. I would say down and I dont know ES at all. what happened is not something I know, but I'd take the play for downside! Thrusts are incredibly strong!
BillyBobJoe
Greetings VSA fans: regarding message 158 on page 15 of this thread, IMHO noted the five bars following the depicted high labeled UP ND in sequence conformed to parameters of No Supply, Failed Test, Squat Absorption Volume, Failed Test, Effort to Move Down. This sequence is quite bearish and shows major selling pressure coming in after the failed tests as would be expected when effort yields no result. The bar prior to that labeled 1 is a wide range down bar on high volume. Its price trading range became strong resistance. Thus the No Demand bars labeled 2 and 3 would prompt the VSA trader to anticipate additional causa causata in selling pressure as subsequently observed at Shooting Star bar 4's rejection of higher prices. (Note use of pretentious Latin phrase. Ha LOL, I kill me.) Bar 4 was not an Up Thrust as its high did not test a previous swing high.
The key to further bullish dominance would be a springboard setup where price rallies above a trend line drawn from the high of the bar prior to bar 1 to the high of bar 4 and extended to the right. When price would have rallied above that line and then dip back below, large capitalization traders (whales) would have been likely to have placed their buy stops just above the line. If price rallied up above the line a second time, then it would subsequently seem to explode out of the hole as the wales got their buy orders filled.
Link to chart image:
Best Wishes to the Reader for Big Profits and Low Taxes
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Hello. Threads kind of' slow. Hopefully this post will generate some helpful discussion.............Q: Where do you vsa experts and newbies see an entry into this very nice up trend in the Euro from Friday?
Please feel free to use the chart on the left to annotate what you see and where you would of entered and why.
The chart on the right shows various things that I see/saw and where my entries are/were. I do not try and pick tops and bottoms, I let them pick themselves. However, much was "given" away by not entering sooner. What did I miss?
A: It all starts here. A wide spread down bar on ultra high volume. Notice that the close is near the low and the next bar is down. We know that strength, when it appears, appears on down bars with high volume. But the next bar is usually up. That is not the case here. Could this be a weak bar?
B: If you were not sure of bar A, then this bar only adds to the confusion. It is a narrow range up bar on volume less than the previous two bars. It is no demand. Note that the close is in the lower third of the range and the bar is a NR4 bar. NR4 being the lowest range bar of the last 4 bars. The smart money doesn't seem interested in higher prices.
C: Things get more muddled. We now see a narrow range down bar on volume less than the previous two bars. No supply. If one wants to argue that it is not no supply because of the background, then it is still a low volume down bar showing no interest by the smart money. But that means we have no interest in the upside OR the downside as both the up bars on low volume and the down bars also.
The only clue for me is that the volume on C is less than the volume on B, indicating even less desire for downside action than the upside.
D: This is a "key" bar. For some it is a "key reversal" bar. We have a wider range than the previous bar, the bar makes a lower low, closes in the upper portion of its range, closes higher, and has increased volume. This might be stopping volume? If you enter here, please tell me why (and more power to you).
E: At this point, the market has began to move up and we are looking for a test to enter. The previous bar gets stalled and price falls. This bar is narrow and has volume less than the previous two bars. In highnsight, this is the ideal entry bar as it is a low volume bar within the range of a high volume bar (A). But the next three bars close lower than E. Actually the third bar closes back even with E.
F: Pushing thru supply. Wide spread up bar on high volume closing near its high on equal volume. This bar is also an Effort to Rise. The BBs are bullish and they are willing to absorb selling at the supply line in anticipation of higher prices. Sometimes the BBs will buy at high prices because they know they can sell at even higher prices.
G: Low volume up bar. By definition it is no demand. But we know that there is too much evidence of strength in the background. It is more likely that the BBs have let off the gas and now want to see a test before marking prices any higher.
H: No selling pressure. We see an increasing range bar closing near its lows on volume less than the previous two bars. This is not a test as a test bar would be narrow and close on or near the highs. Those at the head of the class may of used this bar to signal entry and confirm that F was pushing thru supply.
I: This is a two bar reversal pattern. The first bar closes near it low and the next bar closes near its high. Notice the volume on the bar that closes higher. It picks up. Whilst VSA does not look at the open, notice that the first bar opens near the high and closes near the low. The next bar opens near the low (lower than close of first bar) and closes near the high (higher than the close of first bar and equal to the open of the first bar).
J: No Supply. This confirms the two bar reversal as the prior bar looks like a failed test, signaling some residual weakness. I would rather see low volume bar within the range of prior high volume bars. J does trade into the range of the second bar in the two bar pattern, but is not completely within it.
K: No Supply. This is just showing another Effort to rise bar followed by no supply bar. This is that high volume bar with a low volume bar within its range idea. So in an area (range) where there was an abundance of activity the first time, there is little activity when price dips back into it. This is bullish.
L: As the market begins to top out, we get another narrow range down bar on volume less than the previous two bars. No Supply. The real key is on the next bar. It is an Effort to Rise with no result. Effort without result would be bearish in this case.[/QUO
TE]
Greetings VSA fans: This is my first post message and it concerns thread post #126. The chart posted by the user was not annotated to show the Wyckoff Springboard trend/resistance line break rally. I have added notes and lines to Volume Jedi's chart to show the Wyckoff principle as taught by Dr Dayton aka Eiger. (Although I'm calling it a Springboard as Wyckoff did rather than a Spring as the later SMI folks did.)
Rate resumed its main uptrend (as seen from higher TF charts of that same date) from point D and advanced above magenta Wide Range Body resistance from bar A and over the blue trend line. Rate then declined from point E on increasing tick activity for two bars. The bullish hammer just prior to the wide range effort to rise bar at F foreshadowed the subsequent breakout over trend/resistance line. Was this a fair example of a Wyckoff Springboard Rally?
Overcoming the Fear of Loss (Pulling the Trigger)
in Psychology
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Mr Howell
Hello, that's a nice piece. Do you think self-hypnosis may be of use to a trader in the quest to optimize proper trading psychology?
Best Wishes for Big Profits