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Well done Sledge - thats a great help to all.

 

I had a few charts I had saved to take notes on too, these I have already forwarded to James to integrate back into the original thread if it cannot be restored, so I think with the great community effort a lot of these charts will be back on the site freely available again.

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Check out attached chart. In this new (and improved?) second thread on VSA, I'd like to advocate that we spend a little time each weekend and analyze the major charts for the following week---maybe give us all a heads up. Here's my lame contribution for this week--looks like we have a successful test (low volume down bar, attempting but failing to go down to area of previous supply). This would suggest that maybe the January lows will hold and we'll get an up-week next week. Anybody care to shoot me down? Please feel free.

 

Tasuki

 

Yes, I had the same idea, that we see now a downmove on lower volume, but I'm not shur, if the low is already in. A look at a 60 minute chart give me different signals:

 

On thursday, we had first to up candles, the second with the highest volume for the last two days, but with long upper shadows, a sign of weakness. After a doji, we see two up bars, closing near the high. The first one with low volume, the second one with some more volume, but followed with a down cnadle with very high volume, forming a WRB. In the next bar we see some strenght came in and on friday another test bar.

 

Since I see signs of weekness and strengt it's hard to say in which direction the next move will go. Maybe it's better to wait for further signs above or below this consolidation.

ES_60.PNG.3d4a8a427c75a17b291cb2a157f89c13.PNG

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Well done Sledge - thats a great help to all.

 

I had a few charts I had saved to take notes on too, these I have already forwarded to James to integrate back into the original thread if it cannot be restored, so I think with the great community effort a lot of these charts will be back on the site freely available again.

 

Ed-

Apparently PP doesn't feel the same-- here is a PM I got from him:

STOP TRYING TO SPEAK FOR ME

 

--------------------------------------------------------------------------

YOU AR NOT ME. USE YOUR OWN CHARTS AND OWN EXAMPLES. IF I CAN I WILL BE DELETING THE TEXTS AS WELL.

 

My witty reply was unable to be sent to his mailbox (full!) I'm sure with the combination of him deleting his work and sending sweet messages like this to all participants re-posting his charts, his mailbox is completely swamped with demand for answers with little supply to go around.

Edited by Sledge

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YOU AR NOT ME. USE YOUR OWN CHARTS AND OWN EXAMPLES. IF I CAN I WILL BE DELETING THE TEXTS AS WELL.

 

 

Let's look forward. PP made a great work in this forum. It's a pity that he deleted all the charts and nobody knows the reasaon, it seems to be a big probelm. But I think, we should respect, that he don't like to see his charts in this forum. I hope, that the forum responsibles find a way, that he comes back to this forum.

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Ed-

Apparently PP doesn't feel the same-- here is a PM I got from him:

STOP TRYING TO SPEAK FOR ME

 

--------------------------------------------------------------------------

YOU AR NOT ME. USE YOUR OWN CHARTS AND OWN EXAMPLES. IF I CAN I WILL BE DELETING THE TEXTS AS WELL.

 

My witty reply was unable to be sent to his mailbox (full!) I'm sure with the combination of him deleting his work and sending sweet messages like this to all participants re-posting his charts, his mailbox is completely swamped with demand for answers with little supply to go around.

 

Go ahead and do whatever you like Sledge. Your efforts are appreciated. The individual once known as PivotProfiler needs to realize that when you post on a public forum, you make it public business!

 

I find it interesting that the individual known as KPCurrency on another forum which I believe is the same person as PivotProfiler has not deleted any charts from that forum. Maybe he was not able to?

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Ed-

Apparently PP doesn't feel the same-- here is a PM I got from him:

STOP TRYING TO SPEAK FOR ME

 

--------------------------------------------------------------------------

YOU AR NOT ME. USE YOUR OWN CHARTS AND OWN EXAMPLES. IF I CAN I WILL BE DELETING THE TEXTS AS WELL.

 

My witty reply was unable to be sent to his mailbox (full!) I'm sure with the combination of him deleting his work and sending sweet messages like this to all participants re-posting his charts, his mailbox is completely swamped with demand for answers with little supply to go around.

 

Hi Sledge

Well I think MrPaul has said it - once its on a public forum for all practical purposes its public.

 

I don't know what PP is going through, and although I am p*ssed off with what he has done I am going to give him the benefit of the doubt and remember the good stuff he gave while he was here.

 

Again, on a practical note, if his plan is to delete the text as well (if he can), then let's get cracking on saving those!

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Ed-

Apparently PP doesn't feel the same-- here is a PM I got from him:

STOP TRYING TO SPEAK FOR ME

 

--------------------------------------------------------------------------

YOU AR NOT ME. USE YOUR OWN CHARTS AND OWN EXAMPLES. IF I CAN I WILL BE DELETING THE TEXTS AS WELL.

 

My witty reply was unable to be sent to his mailbox (full!) I'm sure with the combination of him deleting his work and sending sweet messages like this to all participants re-posting his charts, his mailbox is completely swamped with demand for answers with little supply to go around.

 

WOW. Something must have happened here. Nobody got wind of his reasoning?

 

If he is in fact KPCurrency, which with the same sig line I would have to say it is. Can't the charts that went missing be found there and brought back if people so desire.

 

Now as good as his charts and contributions were, we have the talent to make up for what we lost. I say maybe we should respect his wishes though I'd love to here why he did this to IMO the best trading community on the web.:\

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Interesting chart on ES today. First sign of weakness is shown by the transparent circle on volume increase. Then rallies slightly to hit resistance at a key resistance level from 2/5 high.

 

attachment.php?attachmentid=5165&stc=1&d=1202847195

 

attachment.php?attachmentid=5166&stc=1&d=1202847195

es.thumb.jpg.b7f1566e2214613221ff5feb6412f285.jpg

esmp.thumb.jpg.02c80906820a9eda7ab920dec56992dc.jpg

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Here is my take on today’s action for the Russell 2000 futures:

 

I have included a screen shot of my daily journal to give you an idea of what I’m thinking before I start trading. The journal is created the night before and the parts I add after that are the pre-market notes, and the Wrap up of the day.

 

Orange arrow- After a few tests down the market is able to rise with some conviction. Notice that the third candle of the day forms a doji like candle and the candle after that prints higher. That is an important indication on momentum shift. A long placed here has fair placement but higher than average risk.

 

Yellow arrow- The market pushes up to meet supply and long liquidation here but the market still remains technically bullish until the lows of the 7th candle in are broken and closed below. Taking half of your position off could be a wise decision here as there are no certainties only probabilities at the right edge of the chart.

 

Blue arrow- the market tightens and forms a doji on lower than average volume. The volume is slightly higher than the previous candle but that is favorable for a long bias because the spread is higher! Once again the market closes above a doji signifying momentum to the upside is still present. Close only stops are ideal below this newly formed structure.

 

Green arrow- After drifting downward from finding no fresh demand that market once again finds volume near the previous days high. Volume increases, spreads lift, and an engulfing pattern is made near 50% of the prior move. This is Ideal for a long trade.

 

Pink arrows- The market offers two very short, very shallow opportunities to add to your position and/or move your stop orders just below them. Look at the volume, there is no supply being found by the market!

 

White arrow- Lastly, after a 50-60% pullback the market finds demand that prints as higher than average volume with higher spreads (closing off the lows).

 

I wasn’t present for the market action during lunch (the slow move lower between 10:15am and 11:00am CST) or the last move of the day, so I cannot comment on the moves after that. Hopefully this helps somebody out…:)

 

JournalFeb12th.jpg

 

2008-02-12_171841.jpg

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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. oaJaMAaBB

jpy 1hr.bmp

Edited by speres

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Interesting chart on ES today.

 

Yes it is. Let's have a look at a 5 min char and focus on the high volume bars. At point 1, we had a up bar with ultra high volume followed by a shooting star with even higher volume, a clear sign of weakness. I often observed, that prices goes above the first sign of weakness, but then gives you a good short entry.

 

Contrary at point 2. We had a long down bar on ultra high volume, closing on its low, followed by an up bar with about the same volume and a long lower shadow. A trade below this bar with the additional gap support was a good long opportunity.

ES_5.PNG.e596d40919434aa16502d414380a8a31.PNG

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Hi all, this thread is going really well - thank to everyone posting it is really helpful and interesting.

 

I have posted a bit of an analysis in another thread that could be of interest to Wyckoff and VSA users.

 

It is reproduced here for interest, hope you dont mind. In this re-post I have corrected one typo, otherwise it is unchanged.

 

----------------

OK - here is my take on STX as of now. Usual caveats apply. Be interested to hear of others' take on things.

 

Chart 1, the 1 point by 3 box reversal shows a big spike down to the August 07 lows, and a reaction from there to where it closed today. So once again there was demand around the $19 level (downto $18.50). This spike down could well be what Wyckoff analysts will refer to as Preliminary Support.

 

Chart 2, a 1 point by 1 box reversal shows me some signs of accumulation beginning - after the preliminary support and 3 point rise we have a small dip (test) and then continued buying (response). Strength. As of now, though, this move from the preliminary supply spike down is not enough to take it on an extended move higher, there will need to be more accumulation before a significant rally can develop. Thus expect sideways (to aid the process of accumulation) from here, not straight up.

 

Chart 3 is the daily OHLC/candle. It shows some VSA warnings. Zoom in to chart 4 to make these clearer.

 

I will point out some significant points to me - they are in the past so are of limited value now, but these are the things I do watch for.

The move down in mid Jan on huge volume - reversed by a Marubozu day on the 22nd followed by a bullish hammer the next day (I should clarify, the names of the candles are not the important things, rather the price moves that they represent are what are important to me. And, especially on daily charts, the closing price is of a lot more significance than the opening price)). Both on good size volumes, obviously demand is re-entering the market. Supply showed itself on the 31st - narrow range with jump in volume, but demand was also present that day, there is strength here as indicated by the hammer on the 4th.

 

The rally since then has been on reasonable volumes, although declining. The price is now re-entering an area of previous congestion (early Jan, $22 to $24). The price action for the 11th shows another test lower (the lower shadow of the candle) with a strong close, but volume is still declining.

 

For me, the rally from the preliminary support low has about run its course for now, there could well be another point in it, but the probabilities say to me that demand is slowing - any move up above the highs of the 11th are a good opportunity to take profits on longs.

 

Keep in mind that price volume analysis is like a movie, you have to keep watching as things change, but on what is presented as of now thats my view.

 

One more thing - it is very interesting with news of the buy back being talked about. If you are of the view that news is used as a tool of manipulation much of the time (I am) then this news is a warning bell that someone wants you to be buying here.

 

ps - I dont have a feed for US stocks, so I am very impressed by Stockcharts!

----------------------------------

5aa70e3cdbac7_STXPF1x1.thumb.png.4c72e1b066767c05adf1080ad758699f.png

5aa70e3ce61a6_STXPF1x3.thumb.png.721aaf3c6de165102a51c2fc97417ab5.png

5aa70e3ced96c_STX3.thumb.png.131745dc3cd50bcebfce98a93eb3b250.png

5aa70e3d018cb_STC4.thumb.png.4e375fa750d00664b6bb8076ed3a78c5.png

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I agree with Mister Ed, the new VSA thread is going very well. Thanks to all. It feels like some of the old has been cleared away to allow others a chance to contribute and I must say I find you guys, real traders, much more helpful in reading VSA then the hindsight analysis/methodology that we were getting used to.

 

Mister Ed, loved the Point and Figure aspect. Would love to see more of that in the future. I'm just starting to incorporate that now.

 

SoulTrader, loved the MP addition. Can you elaborate on what signaled you on the 'key support from 2/5' in your MP chart?

 

Thanks to all contributing.

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Post #133

Originally, I was going to post this pic in the WRB thread and make the following point.

 

Not all WRBs are created equal. While there may be many factors in what constitutes a significant WRB, the three main are:

 

* Size in relation to other WRBs

* Amount of volume

* If the WRB is the result of some news related event

 

NihabaAshi is the true WRB expert and may be able to enlighten us as to some of the more reasons that determine a WRB's significant.

 

As I know you are looking at VSA, don't let what I just said about WRBs confuse you. There are three factors that constitute significant bars in VSA as well:

 

* Size in relation to other wide spread bars

* Amount of volume

* If the wide spread bar is the result of some news related event

 

Now in the chart below we see numerous WRBs or wide to Ultra wide spread bars. However, they are all not equal.

 

Let's just focus on the very first one on the left hand side of the chart. We see an Ultra Wide Spread bar with Ultra High Volume that closes up from the previous bar. VSA teaches us that markets do not like Ultra Wide Spread or Wide Spread bars on high or Ultra high volume. Because they could hide selling (supply) within them. Although some times they are indeed strength. Which by the way, much time is spent on in the bootcamp. Because many people after hearing weakness (supply) comes in on up bars automatically assume all up bars are weak.

 

We know this bar had some selling (supply) once we see that the next bar is down. If all that volume was buying (demand) then the next bar could not be down.

 

What we often see next, if the market is strong, is either a No Supply or Test for supply bar. Here we see a test. This is a low volume test. Note that volume is less than the previous two bars. Note that the test makes a lower low than the previous bar and closes on its high. It hard for me to separate some things, so I must point out that this test bar is in body of the WRB. But from a pure VSA point, note that the test is within the range of the Ultra Wide Spread bar. SIMPLY, A LOW VOLUME SIGNAL WITHIN THE RANGE OF A PRVIOUSLY HIGH VOLUME BAR.

 

Many concepts in VSA are logical. Here we see some supply enter the market. The next thing we see is a test of supply. The Professional want to take prices up, but are making sure that the supply is out of the market. If there were sellers underneath, then there would be more volume. And if a large amount of supply had entered (more than the demand present) then price would go down on more volume.

 

The key(s) here are that the 'test' comes immediately after we see supply enter the market showing us market strength. Or, simply put, location and background information. An aggressive trader might enter once the test is "proven" on the next bar that closes higher than the close of the test. Shown here. The reason for the question mark is that not everyone would enter at this point. Some use multiple timeframes, some use price action patterns, and some even use indicators ( ).

 

To be sure, the market did indeed move up and a quick profit could have been made. In fact, one could still be long as of this pic and in profit using only one timeframe and that repeatable and reliable pattern.

 

Once you witness Ultra Wide or Wide Spread bars on High or Ultra High Volume, you want to then start looking for bars with low volume. This is where you find no supply, no demand, and some test bars. Sometimes there will be high volume tests or Upthrusts on high volume. An Upthrust is kind of like a high volume test but showing weakness rather than strength. That is, a high volume test will close on or near its high and an Upthrust closes on or near its low. Ideally a high volume test will make a lower low while the Upthrust will make a higher high.

 

There is a lot more here, but it is enough to say that every No Supply or No Selling Pressure sign in this pic is within the range of a significant Wide or Ultra Wide Spread bar. More precisely, within the body of a significant WRB.

133.thumb.jpg.371d787bce7144f69e3ce1688542a4f6.jpg

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Post #136

Originally, I was going to post this pic in the WRB thread and make the following point.

 

Not all WRBs are created equal. While there may be many factors in what constitutes a significant WRB, the three main are:

 

* Size in relation to other WRBs

* Amount of volume

* If the WRB is the result of some news related event

 

NihabaAshi is the true WRB expert and may be able to enlighten us as to some of the more reasons that determine a WRB's significant.

 

As I know you are looking at VSA, don't let what I just said about WRBs confuse you. There are three factors that constitute significant bars in VSA as well:

 

* Size in relation to other wide spread bars

* Amount of volume

* If the wide spread bar is the result of some news related event

 

Now in the chart below we see numerous WRBs or wide to Ultra wide spread bars. However, they are all not equal.

 

Let's just focus on the very first one on the left hand side of the chart. We see an Ultra Wide Spread bar with Ultra High Volume that closes up from the previous bar. VSA teaches us that markets do not like Ultra Wide Spread or Wide Spread bars on high or Ultra high volume. Because they could hide selling (supply) within them. Although some times they are indeed strength. Which by the way, much time is spent on in the bootcamp. Because many people after hearing weakness (supply) comes in on up bars automatically assume all up bars are weak.

 

We know this bar had some selling (supply) once we see that the next bar is down. If all that volume was buying (demand) then the next bar could not be down.

 

What we often see next, if the market is strong, is either a No Supply or Test for supply bar. Here we see a test. This is a low volume test. Note that volume is less than the previous two bars. Note that the test makes a lower low than the previous bar and closes on its high. It hard for me to separate some things, so I must point out that this test bar is in body of the WRB. But from a pure VSA point, note that the test is within the range of the Ultra Wide Spread bar. SIMPLY, A LOW VOLUME SIGNAL WITHIN THE RANGE OF A PRVIOUSLY HIGH VOLUME BAR.

 

Many concepts in VSA are logical. Here we see some supply enter the market. The next thing we see is a test of supply. The Professional want to take prices up, but are making sure that the supply is out of the market. If there were sellers underneath, then there would be more volume. And if a large amount of supply had entered (more than the demand present) then price would go down on more volume.

 

The key(s) here are that the 'test' comes immediately after we see supply enter the market showing us market strength. Or, simply put, location and background information. An aggressive trader might enter once the test is "proven" on the next bar that closes higher than the close of the test. Shown here. The reason for the question mark is that not everyone would enter at this point. Some use multiple timeframes, some use price action patterns, and some even use indicators ( ).

 

To be sure, the market did indeed move up and a quick profit could have been made. In fact, one could still be long as of this pic and in profit using only one timeframe and that repeatable and reliable pattern.

 

Once you witness Ultra Wide or Wide Spread bars on High or Ultra High Volume, you want to then start looking for bars with low volume. This is where you find no supply, no demand, and some test bars. Sometimes there will be high volume tests or Upthrusts on high volume. An Upthrust is kind of like a high volume test but showing weakness rather than strength. That is, a high volume test will close on or near its high and an Upthrust closes on or near its low. Ideally a high volume test will make a lower low while the Upthrust will make a higher high.

 

There is a lot more here, but it is enough to say that every No Supply or No Selling Pressure sign in this pic is within the range of a significant Wide or Ultra Wide Spread bar. More precisely, within the body of a significant WRB.

136.thumb.jpg.69e81864a76d8557e696df07dc949dd2.jpg

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James, nice work bro! Posting a video is way better than pictures. Thank you.

 

Having said that I'm going to post a pic:-)

 

My friend Tawe Trader and I were talking this morning about shorting after the second wave of heavy volume (potential selling) to be on the safer side of probabilities.

In my example though we have high volume on a breakout but it's tested very shortly and would have been an ideal place to get long.

 

Then on our second wave of high volume we get an upthrust and it's low being broken would have been a nice short side entry.

 

This is similar to SoulTraders short on the ES.

5aa70e3d52669_NQ-Wed.thumb.jpg.0b60929f888ea13d315d8cf31bbda44a.jpg

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We see an Ultra Wide Spread bar with Ultra High Volume that closes up from the previous bar. VSA teaches us that markets do not like Ultra Wide Spread or Wide Spread bars on high or Ultra high volume. Because they could hide selling (supply) within them. Although some times they are indeed strength. Which by the way, much time is spent on in the bootcamp. Because many people after hearing weakness (supply) comes in on up bars automatically assume all up bars are weak.

 

VSA teaches, that some selling could be in wide spread bars with ultra high volume. As you say, it's important, where the WRB occur in the trend. So it would be interesting, what we have on the left sied of the first WRB. In addition, we should make a different between a WRB, which includes just the range between open and close and a wide spread bar, which is measured from low to high. A bar closing on its high as a single bar is not bearish, even if some hidden selling could be within them. But it means, that the sellers was not able, to push down prices.

 

In your chart, the first WRB is a bullish candle as long as we don't have a close below it.

 

In my opinion, the most important bars are those, with high volume. Then we have to find out, what this high volume means. In your example, we have a WRB on very high volume, closing on its high and higher than the three previous bars. Three bars after your long sign, we see a shooting star with high volume an a long upper shadow. This is a sign of weakness. Even if a second WRB is forming, we have weaknes above the shooting star. After the no demand bar, I see already a WRB down and a possible short against it.

 

The next WRB down has ultra high volume, but closed not on the low which means, that some strenght came in. Since we are on the support from the first WRB, why not a long trade against the no supply bar?

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Some WRB's and how they worked as support/resistance in the ES 3 min chart. but it was not always easy to find a setup within the WRB zone. Today, strenght came in on down bars before closing the up gap.

The higher volume spike in the middle lead to some more points down in an uptrend.

The last two very high bars where probably created by closing day trade positions. We have to be careful, because we have some weakness in the 15 min chart.

ES_3.PNG.887f9ed3a06349fbfd16e036636047a2.PNG

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Post #133

Originally, I was going to post this pic in the WRB thread and make the following point.

 

Not all WRBs are created equal. While there may be many factors in what constitutes a significant WRB, the three main are:

 

* Size in relation to other WRBs

* Amount of volume

* If the WRB is the result of some news related event

 

NihabaAshi is the true WRB expert and may be able to enlighten us as to some of the more reasons that determine a WRB's significant.

 

As I know you are looking at VSA, don't let what I just said about WRBs confuse you. There are three factors that constitute significant bars in VSA as well:

 

* Size in relation to other wide spread bars

* Amount of volume

* If the wide spread bar is the result of some news related event

 

Now in the chart below we see numerous WRBs or wide to Ultra wide spread bars. However, they are all not equal.

 

Let's just focus on the very first one on the left hand side of the chart. We see an Ultra Wide Spread bar with Ultra High Volume that closes up from the previous bar. VSA teaches us that markets do not like Ultra Wide Spread or Wide Spread bars on high or Ultra high volume. Because they could hide selling (supply) within them. Although some times they are indeed strength. Which by the way, much time is spent on in the bootcamp. Because many people after hearing weakness (supply) comes in on up bars automatically assume all up bars are weak.

 

We know this bar had some selling (supply) once we see that the next bar is down. If all that volume was buying (demand) then the next bar could not be down.

 

What we often see next, if the market is strong, is either a No Supply or Test for supply bar. Here we see a test. This is a low volume test. Note that volume is less than the previous two bars. Note that the test makes a lower low than the previous bar and closes on its high. It hard for me to separate some things, so I must point out that this test bar is in body of the WRB. But from a pure VSA point, note that the test is within the range of the Ultra Wide Spread bar. SIMPLY, A LOW VOLUME SIGNAL WITHIN THE RANGE OF A PRVIOUSLY HIGH VOLUME BAR.

 

Many concepts in VSA are logical. Here we see some supply enter the market. The next thing we see is a test of supply. The Professional want to take prices up, but are making sure that the supply is out of the market. If there were sellers underneath, then there would be more volume. And if a large amount of supply had entered (more than the demand present) then price would go down on more volume.

 

The key(s) here are that the 'test' comes immediately after we see supply enter the market showing us market strength. Or, simply put, location and background information. An aggressive trader might enter once the test is "proven" on the next bar that closes higher than the close of the test. Shown here. The reason for the question mark is that not everyone would enter at this point. Some use multiple timeframes, some use price action patterns, and some even use indicators ( ).

 

To be sure, the market did indeed move up and a quick profit could have been made. In fact, one could still be long as of this pic and in profit using only one timeframe and that repeatable and reliable pattern.

 

Once you witness Ultra Wide or Wide Spread bars on High or Ultra High Volume, you want to then start looking for bars with low volume. This is where you find no supply, no demand, and some test bars. Sometimes there will be high volume tests or Upthrusts on high volume. An Upthrust is kind of like a high volume test but showing weakness rather than strength. That is, a high volume test will close on or near its high and an Upthrust closes on or near its low. Ideally a high volume test will make a lower low while the Upthrust will make a higher high.

 

There is a lot more here, but it is enough to say that every No Supply or No Selling Pressure sign in this pic is within the range of a significant Wide or Ultra Wide Spread bar. More precisely, within the body of a significant WRB.

 

 

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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    • By vishnux
      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
      1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa
      2) There is lots of volume absorption in support line and still markdown occurs.
      3) sometimes in market high / low it becomes re-accumulation  / re-distribution
      Is there any clear way to find it ? 
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    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.vvvvvvv
    • Date: 16th April 2024. Market News – Stocks and currencies sell off; USD up. Economic Indicators & Central Banks:   Stocks and currencies sell off, while the US Dollar picks up haven flows. Treasuries yields spiked again to fresh 2024 peaks before paring losses into the close, post, the stronger than expected retail sales eliciting a broad sell off in the markets. Rates surged as the data pushed rate cut bets further into the future with July now less than a 50-50 chance. Wall Street finished with steep declines led by tech. Stocks opened in the green on a relief trade after Israel repulsed the well advertised attack from Iran on Sunday. But equities turned sharply lower and extended last week’s declines amid the rise in yields. Investor concerns were intensified as Israel threatened retaliation. There’s growing anxiety over earnings even after a big beat from Goldman Sachs. UK labor market data was mixed, as the ILO unemployment rate unexpectedly lifted, while wage growth came in higher than anticipated – The data suggests that the labor market is catching up with the recession. Mixed messages then for the BoE. China grew by 5.3% in Q1 however the numbers are causing a lot of doubts over sustainability of this growth. The bounce came in the first 2 months of the year. In March, growth in retail sales slumped and industrial output decelerated below forecasts, suggesting challenges on the horizon. Today: Germany ZEW, US housing starts & industrial production, Fed Vice Chair Philip Jefferson speech, BOE Bailey speech & IMF outlook. Earnings releases: Morgan Stanley and Bank of America. Financial Markets Performance:   The US Dollar rallied to 106.19 after testing 106.25, gaining against JPY and rising to 154.23, despite intervention risk. Yen traders started to see the 160 mark as the next Resistance level. Gold surged 1.76% to $2386 per ounce amid geopolitical risks and Chinese buying, even as the USD firmed and yields climbed. USOIL is flat at $85 per barrel. Market Trends:   Breaks of key technical levels exacerbated the sell off. Tech was the big loser with the NASDAQ plunging -1.79% to 15,885 while the S&P500 dropped -1.20% to 5061, with the Dow sliding -0.65% to 37,735. The S&P had the biggest 2-day sell off since March 2023. Nikkei and ASX lost -1.9% and -1.8% respectively, and the Hang Seng is down -2.1%. European bourses are down more than -1% and US futures are also in the red. CTA selling tsunami: “Just a few points lower CTAs will for the first time this year start selling in size, to add insult to injury, we are breaking major trend-lines in equities and the gamma stabilizer is totally gone.” Short term CTA threshold levels are kicking in big time according to GS. Medium term is 4873 (most important) while the long term level is at 4605. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 15th April 2024. Market News – Negative Reversion; Safe Havens Rally. Trading Leveraged Products is risky Economic Indicators & Central Banks:   Markets weigh risk of retaliation cycle in Middle East. Initially the retaliatory strike from Iran on Israel fostered a haven bid, into bonds, gold and other haven assets, as it threatens a wider regional conflict. However, this morning, Oil and Asian equity markets were muted as traders shrugged off fears of a war escalation in the Middle East. Iran said “the matter can be deemed concluded”, and President Joe Biden has called on Israel to exercise restraint following Iran’s drone and missile strike, as part of Washington’s efforts to ease tensions in the Middle East and minimize the likelihood of a widespread regional conflict. New US and UK sanctions banned deliveries of Russian supplies, i.e. key industrial metals, produced after midnight on Friday. Aluminum jumped 9.4%, nickel rose 8.8%, suggesting brokers are bracing for major supply chain disruption. Financial Markets Performance:   The USDIndex fell back from highs over 106 to currently 105.70. The Yen dip against USD to 153.85. USOIL settled lower at 84.50 per barrel and Gold is trading below session highs at currently $2357.92 per ounce. Copper, more liquid and driven by the global economy over recent weeks, was more subdued this morning. Currently at $4.3180. Market Trends:   Asian stock markets traded mixed, but European and US futures are slightly higher after a tough session on Friday and yields have picked up. Mainland China bourses outperformed overnight, after Beijing offered renewed regulatory support. The PBOC meanwhile left the 1-year MLF rate unchanged, while once again draining funds from the system. Nikkei slipped 1% to 39,114.19. On Friday, NASDAQ slumped -1.62% to 16,175, unwinding most of Thursday’s 1.68% jump to a new all-time high at 16,442. The S&P500 fell -1.46% and the Dow dropped 1.24%. Declines were broadbased with all 11 sectors of the S&P finishing in the red. JPMorgan Chase sank 6.5% despite reporting stronger profit in Q1. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only modest growth. Apple shipments drop by 10% in Q1. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • The morning of my last post I happened to glance over to the side and saw “...angst over the FOMC’s rate trajectory triggered a flight to safety, hence boosting the haven demand. “   http://www.traderslaboratory.com/forums/topic/21621-hfmarkets-hfmcom-market-analysis-services/page/17/?tab=comments#comment-228522   I reacted, but didn’t take time to  respond then... will now --- HFBlogNews, I don’t know if you are simply aggregating the chosen narratives for the day or if it’s your own reporting... either way - “flight to safety”????  haven ?????  Re: “safety  - ”Those ‘solid rocks’ are getting so fragile a hit from a dandelion blowball might shatter them... like now nobody wants to buy longer term new issues at these rates...yet the financial media still follows the scripts... The imagery they pound day in and day out makes it look like the Fed knows what they’re doing to help ‘us’... They do know what they’re doing - but it certainly is not to help ‘us’... and it is not to ‘control’ inflation... And at some point in the not too distant future, the interest due will eat a huge portion of the ‘revenue’ Re: “haven” The defaults are coming ...  The US will not be the first to default... but it will certainly not be the very last to default !! ...Enough casual anti-white racism for the day  ... just sayin’
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