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Eiger

[VSA] Volume Spread Analsysis Part III

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Since the VSA II thread now has over 2,200 posts and 128,000 visits, it seemed time to start VSA III. To get us rolling, here is quick VSA look at how the market unfolded this morning on the 3-minute time frame (S&P e-minis).

 

 

The market opened higher than yesterday’s close, fell off over the first 15 minutes to A, and then tried to rally.

 

B – the rally to B did not bring out demand, and the bars at B were weak, closing on their lows.

 

C – A very weak bar with an increase in spread and volume to the downside. Supply came into the market here.

 

D – No demand on the first rally after weakness appeared and a good short.

 

E – Volume drops off as the market moves lower into the area of yesterday’s close.

 

F – A bottom reversal on good spread indicating demand.

 

G – the market tests the lows of E/F and is unable to draw supply. As it begins to rally, it tests again at G1.

 

H – An increase in volume with a good close, but the spread narrows – caution for longs.

 

J – Down bar, on wide spread and high volume shows supply has reentered the market.

 

J – No Demand followed by a small hidden upthrust.

 

K – Again we come back into the lows and find no supply and the market rallies.

 

T – Tests occur below the resistance at I indicating a rally and a break of I.

 

L – small bottom reversal/key reversal bar which tests for supply by dipping lower one last time before moving up to close on its high.

 

M – Break through the resistance at I and a rally into the noon hour. Note that the volume falls off as we move into the noon hour and come into the morning supply at A.

 

Hope this is helpful,

 

Eiger

5aa70ecd87231_ES3-minMay609.thumb.png.61752d084a144dfcd153f5e223eaec02.png

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At the start of this new thread I'd like to share with you an indicator that someone made for me. The idea was as follows: VSA folks often place significance on volume that's less than the previous two bars. Why not create an indicator that reflects this by painting such a volume histogram blue? Well, I started with Tradestation's "Volume Average" indicator (standard issue) and tried to play around with it myself to adapt it, but I'm not good enough at EasyLanguage, so I threw it out to the Tradestation forum and somebody coded up for me the indicator I've got attached.

 

As you can see from the attached chart, it doesn't work so hot. All the vertical lines are places where the volume was less than the previous 2 bars, but it didn't get a blue color added to it. I'm not sure why that is. If someone can fix it so it correctly shows each and every instance where the volume of a given bar is less than the previous two, I'd be very grateful.

 

As it is, the indicator does have some value, especially when you get multiple bars with decreasing volume. It just gives you a visual cue that can be especially helpful when scanning charts.

 

Good trading all,

Tasuki

Volume Avg Vol2Less1.ELD

5aa70ece0defc_VolumeAvgVol2Less1.thumb.png.3e49563d38356bfe47c00fb35b4c5499.png

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At the start of this new thread I'd like to share with you an indicator that someone made for me. The idea was as follows: VSA folks often place significance on volume that's less than the previous two bars. Why not create an indicator that reflects this by painting such a volume histogram blue? Well, I started with Tradestation's "Volume Average" indicator (standard issue) and tried to play around with it myself to adapt it, but I'm not good enough at EasyLanguage, so I threw it out to the Tradestation forum and somebody coded up for me the indicator I've got attached.

 

As you can see from the attached chart, it doesn't work so hot. All the vertical lines are places where the volume was less than the previous 2 bars, but it didn't get a blue color added to it. I'm not sure why that is. If someone can fix it so it correctly shows each and every instance where the volume of a given bar is less than the previous two, I'd be very grateful.

 

As it is, the indicator does have some value, especially when you get multiple bars with decreasing volume. It just gives you a visual cue that can be especially helpful when scanning charts.

 

Good trading all,

Tasuki

 

Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

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I would like ask Eiger ,what do you think about it. ??

It is chart 5 min ES yesterday.

http://www.sierrachart.com/userimages/upload_2/1241665291_84_UploadImage.png

After spring (S) bar 12,30 -- 12,35 h. I looked for test bar but I didnt find, so I didnt take long trade.

 

It is chart 5 min ES yesterday too,but every bar starts 9,37 -- 9,42,--- 9,47 h.......

http://www.sierrachart.com/userimages/upload_2/1241665703_93_UploadImage.png

Here I see test (T) in bar 12,37-12,42h. What is your opininion. It is good take long trade after this test bar ???

Thank you

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Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

 

Hi Eiger

 

I've been hesitant to post the volume indicator I am using because I am not a very efficient programmer and also don't really want to start supporting indicators, but here it goes... Maybe someone can use this as a building block, or optimize the code.

 

The colors used are:

Green = Regular up bar

Dark Green = No Demand

Red = Regular down bar

Dark Red = No Supply

White = Same close than previous bar on higher volume

Yellow = Same close than previous bar on lowest volume in two bars

Magenta = Highest Volume of last two bars, smallest range of last two bar and at a 5 bar high or low.

 

I also plot the 20 bar moving average of volume and 1.5 and 2 times the average volume.

 

I am using MultiCharts, but the code should compile on TradeStation.

 

inputs:	PlotAvg(True), 
	AvgLength(20 ), 
	Val1(1.5),
	Val2(2),
	UpColor(Green),
	DownColor(Red),
	NoDemandColor(DarkGreen),
	NoSupplyColor(DarkRed),
	ChurnColor(magenta);	

variables: 
Vol( 0 ),
VolAvg( 0 ),
StdVal(0),
Body(0);

If BarType >= 2 then Vol = Volume else Vol = Ticks;	

VolAvg = AverageFC(Vol, AvgLength ) ; 
StdVal = StandardDev(Vol, AvgLength, 1) ;

Plot1(Vol, "Vol" );
If PlotAvg then begin
Plot2(VolAvg, "VolAvg" ) ;
Plot3(VolAvg * Val1,"SDV1");
Plot4(VolAvg * Val2,"SDV2");
end;	


if C > C[1] then begin
SetPlotColor( 1, UpColor ); 
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,NoDemandColor);
end	
else if C < C[1] then begin
SetPlotColor( 1, DownColor ) ;
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,NoSupplyColor);	
end	
else begin
if C = C[1] then SetPlotColor(1,White);
If Vol < Lowest(Vol,2)[1] then SetPlotColor(1,Yellow);	
end;	

If (Vol > Vol[1] and Vol > Vol[2]) and Range <= Lowest(Range,2)[1] and 
(High = Highest(High,5) or Low = Lowest(low,5)) then SetPlotColor(1,ChurnColor);

5aa70ece15866_VSAVolume.thumb.png.877c3b3f110cb1fc3c75f8640b12fdb9.png

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Hi Eiger

 

I've been hesitant to post the volume indicator I am using because I am not a very efficient programmer and also don't really want to start supporting indicators, but here it goes... Maybe someone can use this as a building block, or optimize the code.

 

The colors used are:

Green = Regular up bar

Dark Green = No Demand

Red = Regular down bar

Dark Red = No Supply

White = Same close than previous bar on higher volume

Yellow = Same close than previous bar on lowest volume in two bars

Magenta = Highest Volume of last two bars, smallest range of last two bar and at a 5 bar high or low.

 

I also plot the 20 bar moving average of volume and 1.5 and 2 times the average volume ...

 

 

Hi Sevensa,

 

Thanks for posting this. I am glad you did -- it's a big help.

 

FWIW - For volume, I have always used a standard deviation function off the 20-period SMA of the volume. Even though our data is not normally distributed, the standard deviation function gives us a pretty good sense of the probabilities of the volume bar. We know, for example, that about 68 percent of all individual volume bars should fall within one SD of the mean. When the volume hits or exceeds 2 SDs,we know it can be significant (either producing an impulse move when pushing though a trading range or stopping/climactic volume). An upper Bollinger Band applied to the volume or a SD function both do the same job.

 

Hope this is helpful,

 

Eiger

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I would like ask Eiger ,what do you think about it. ??

It is chart 5 min ES yesterday.

http://www.sierrachart.com/userimages/upload_2/1241665291_84_UploadImage.png

After spring (S) bar 12,30 -- 12,35 h. I looked for test bar but I didnt find, so I didnt take long trade.

 

It is chart 5 min ES yesterday too,but every bar starts 9,37 -- 9,42,--- 9,47 h.......

http://www.sierrachart.com/userimages/upload_2/1241665703_93_UploadImage.png

Here I see test (T) in bar 12,37-12,42h. What is your opininion. It is good take long trade after this test bar ???

Thank you

 

Springs are one of my favoirte trades. I have studied and traded them for a long time and have a pretty good grasp on their characteristics. Because of that, I usually don't wait for a test for confirmation. Many times springs will just take off like it did here.

 

So, how would you know whether a spring has high odds or not. Your chart has all the characteristics I look for in a spring:

 

First, the background. Here, the market is in an uptrend. It has made higher highs and higher lows. Springs do not work well in a downtrend. I never take a spring when the trend is down unless a clear SOS and a base (cause) have occured. When I see an uptrend in place, I start thinking pullbacks and springs. Note that once again, the all-important background is always the first consideration.

 

What is particularly nice about this spring is that there was a reaction back to support on relatively light volume. This is a choice setup; I really like this look. It is described in the Wyckoff texts as a Jump Across the Creek, and then a Back Up to the the Edge of the Creek. The creek represents supply and the jump across the creek indicates a sign of strength. The market will frequently come back to the edge of the creek and test, as it did here. Testing in this context means not on a single bar as in VSA, but coming back into the area of supply (red curved line) aand testing it to make sure no additional supply is there which would thwart an up move. Volume on the reaction was lighter than the rally.

 

The bar before the Sping was telling. That bar looked ominous, closing on its low and closing lower than the closes of the last four bars. Volume did not increase substantially, however, and the spring bar dipped lower, turned around, closed on its highs, and volume came in. If you were watching this bar develop real time, you would have seen the volume come in as the bar rallied up - this is demand off the bottom. The spring bar is also a bottom reversal in VSA terms, so it had that going for it, too.

 

The final piece to this is that the spring bar was powerful enough to come right up to the minor supply line of the reaction. Any further advance in price would take out this line, which occured shortly thereafter.

 

Regarding switching how the chart displays the bars to look for confirmation -- I personally wouldn't do that. This is akin to committing "confirmation bias," or looking for indications you normally don't look at to support a decision. It is better to either study springs until you are completely confident in trading them without a test for confirmation or specifying that a spring must be confirmed by a test and if a test does not occur, just let the trade pass. Either is perfectly fine.

 

If your criteria includes a test and a test does not occur, so what. A trade was missed. No big deal. There is always another good trade coming just around the next corner. If you note on the chart after rallying aggressively off the spring, the market moved up above the last high (HH) making another new high, rested, held its gains, and gave a nice VSA Test for entry (green arrow).

 

Hope this is helpful,

 

Eiger

5aa70ece3834d_SpringMay509.png.0dbd2c11e9f6ee7623da0ccd720be0e7.png

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I am using MultiCharts, but the code should compile on TradeStation.

 

 

Yes, it does work in Tradestation version 8.6 build 2525.

Very nice indicator. thanks, sevensa.

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I just wanna say thank you for opening this new thread!I hope that it will be as successful as other 2 : }

 

I second that..

Anyone trade forex here? I just found this forum and haven't finished reading VSA I or VSA II..

 

Thanks

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You will discover the answer to that as you read through the threads! Don't be fooled by what people tell you, there is no volume reported on forex, People happily (and successfully apparently) use tick volume as a proxy for volume. Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place. So in short why pick an instrument where there is no volume reported when there hundreds of thousands where there is?

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You will discover the answer to that as you read through the threads! Don't be fooled by what people tell you, there is no volume reported on forex, People happily (and successfully apparently) use tick volume as a proxy for volume. Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place. So in short why pick an instrument where there is no volume reported when there hundreds of thousands where there is?

 

Did you mean to trade others than forex?

I saw people trade successfully in forex with VSA at another forum..but the forum didn't have much info coz they were focusing on indicators..

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Did you mean to trade others than forex?

I saw people trade successfully in forex with VSA at another forum..but the forum didn't have much info coz they were focusing on indicators..

 

If you are keen on trading currency why not trade Currency futures (CME) a regulated market and where true vol is reported, VSA principles will work just as well and the moves will be in line with forex, only less spikey.

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If you are keen on trading currency why not trade Currency futures (CME) a regulated market and where true vol is reported, VSA principles will work just as well and the moves will be in line with forex, only less spikey.

 

Absolutely. Not only that they have recently introduced mini futures (which I hear are picking up in liquidity) which would suit those with smaller accounts.

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.... Be aware it is only actually a proxy for order book activity so you get ticks without trades taking place. For example If I best bid then cancel it this will cause ticks without a trade taking place...

 

I have always understood tick volume (in general) to reflect actual trades and not withdrawn bids/offers, but then I don't trade FX, so this is new for me?? When I traded commodities futures years ago I do remember seeing a study done comparing tick with true volume in commodities (grains, I think) and having a correlation of about 85-90%.

 

In addition to currency futures and emini futures, there are currency ETFs with good liquidity and, thus, good volume.

 

Eiger

Edited by Eiger

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Eiger

 

Do you have any VSA related indicator/template for ensign, that I can use. Some posted alerts, but I am able to put up those alers in ensign. The alerts painted bars with volume < 2 previous bars and r quite helpful. Any1 could upload them as a template here.

Thanks

 

Thanks for posting this. It would be a very useful paintbar application. It is interesting that you post this now as I just sent a check out today to open an account at TradeStation. I haven't used TS for quite some time, but when I did, I thought it was quite good. So, I would find this helpful as well. It would also be useful to color code the price bars as up (higher close than previous bar's close), down (lower close than previous bar's close) and level (same close) -- see example in the chart in the first post on this thread. If no one picks up on this in a day or two, I'll copy it into the coding forum and make the request there. Thanks, Tas - it's a good idea.

 

Eiger

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Eiger

 

As the thread starter, maybe u may want to come up with some directives for newbies who accidentally came across this thread and start posing noobie questions without reading part 1 and part 2. I think it should be mandatory reading for any VSA enthusiasts to read Tom Williams MTM, and to at least take the time to read the 1st 10 pages of part 1 and part 2, before posing questions. Another second directive should be that when noobies or recent arrivals to VSA posed questions, their questions should be annoted on charts. Certain directives need to be put to grow the thread, so that we can each day come and poss our readings, or better, post mo realtime developments on the charts.

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Eiger

 

As the thread starter, maybe u may want to come up with some directives for newbies who accidentally came across this thread and start posing noobie questions without reading part 1 and part 2. I think it should be mandatory reading for any VSA enthusiasts to read Tom Williams MTM, and to at least take the time to read the 1st 10 pages of part 1 and part 2, before posing questions. Another second directive should be that when noobies or recent arrivals to VSA posed questions, their questions should be annoted on charts. Certain directives need to be put to grow the thread, so that we can each day come and poss our readings, or better, post mo realtime developments on the charts.

 

See this thread:

 

http://www.traderslaboratory.com/forums/f151/helpful-ideas-for-newcomers-to-vsa-5944.html#post64769

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That is what i try hard to learn.The backgroung.I read a lot of post from a lot of tarders and saw that most common mistake is not to look for the background.Pro traders or expirienced one talk much abt it but no one say this and this is the background.So that`s why i post this to see if anyone could give me a reasonable explanation if this is a valid signal not based only on these individual bars but on the back ground.As for background looking in my charts i see no previous highs or something i see that the trend is down.This is short term down from yesterday.This is the only thing i can see.So could someone give me reasonable explanation why this should be a good short or why not due to all we need to enter a tarde .. background and individual bars ... Thanks a lot.

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      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
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    • Date : 27th November 2020.FX Update – November 27 – Sterling in FocusGBPUSD, H1Narrow ranges have been prevailing in risk-cautious trading. The USDIndex settled around the 92.00 level, above yesterday’s 12-week low at 91.84. EURUSD remained buoyant but off from the 12-day peak seen yesterday at 1.1942. Cable also held within its Thursday range. USDJPY ebbed to a four-day low at 103.91. The Yen was concurrently steady versus the Euro and the Pound, but posted respective two- and four-day lows against the Australian and Canadian Dollars. AUDUSD ticked fractionally higher, which was still sufficient to lift the pair into 12-week high terrain above 0.7380. NZDUSD posted a new 29-month peak at 0.7030. USDCAD remained heavy but just above recent 17-day lows. Bitcoin, which performed strongly this year on the back of dollar liquidity, found a toehold, but remained over 12% down on its recent highs.US markets will reopen after yesterday’s Thanksgiving holiday, but market conditions will remain on the thin side. President Trump said that he will leave the White House if the Electoral College votes for Biden, which may be as close to formally conceding the election as he will go. A sharp focus remains on EU and UK talks, with a face-to-face round reportedly taking place in London over the weekend. There are now reports that the EU parliament might convene as late as December 28 to ratify a deal, if necessary.The spectre of a no-deal hangs over proceedings, though the consensus, as judged by the ongoing stability of the Pound, remains for a narrow deal to be reached.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 HotForex 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. Stuart Cowell Head Market Analyst HotForex 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 : 26th November 2020.Brexit endgame remains in sharp focus!The USD has remained soft in quiet conditions, while global asset markets have seen little direction. The US Thanksgiving holiday has quelled activity. Europe’s Stoxx 600 traded near flat. Most stock markets in Asia gained, though remained off recent highs. The MSCI World Index is also off its highs, but remained buoyant and on course for a record monthly increase this month. Copper posted a new near 7-year high, and while other base metal prices were also underpinned most remained off recent trend highs. Oil prices saw modest declines after recent gains, which culminated in a nine-month high yesterday.The Brexit endgame remains in sharp focus!Sterling has seen limited direction, continuing to hold gains from month-ago levels of around 1.5% to 2.5% versus the Dollar, Euro and Yen. There is still no breakthrough in down-to-the-wire negotiations between the EU and UK, and there are lots of warnings of border chaos and, from external BoE MPC member Saunders, of long-lasting economic consequences in the event of a no deal exit from the common market.European Commission president von der Leyen said “we are ready to be creative” to get a deal while repeating that “we are not ready to put into question the integrity of the single market.” An Irish government member said that a deal was “imperative” for everyone.The steadiness in the Pound, the principal conduit of financial market Brexit sentiment, reveals that investors remain unperturbed. One explanation is the real money participants are sitting on their collective hands, positioning for an expected deal but waiting on concrete developments and details, while maintaining vigilance on the possibility of there being a no deal by accident.Short-term speculative participants, meanwhile, don’t seem to have had a fruitful time in trying to play the fatiguing myriad news headlines and endless deadlines that have come and gone. The latest and supposedly final deadline, is next Tuesday — December 1 — which leaves just one month for a deal to be ratified on both sides of the Channel. We expect to a deal to materialize at the last minute, just as the withdrawal agreement was seemingly pulled out of the hat at the ultimate minute a year ago. There may even be a fudged extension.Pressure on the UK government is intense. US president-elect Biden warned London that the scope for a deal with the US would be compromised if there is a return of a hard border on Ireland — which is what could happen in a no-deal scenario (the UK government would have the choice between maintaining a free-flowing border on Ireland at the price of breaking up the border integrity of the UK, and possible protests and even violence from loyalists, or breaking the EU withdrawal agreement, which would result in a hard Irish land border).A leaked Whitehall document warns of a “perfect storm” of chaos in the event of a no-deal in the Covid-19 era. There are also pressures on the other side of the Channel to reach an accord. While French President Macron has political incentive to put up a show of fighting over fishing rights, he is not likely to carry through on his threat to veto any deal as other key EU states don’t see the UK’s position on fishing as being unreasonable. France and other nations, and the UK, also need to maintain good relations for security and many other practical reasons.As for the market impact of a deal, much will depend on how narrow the deal is. The narrower it is, the bigger the negative impact on both the UK and EU’s terms of trade positions will be on January 1, particularly the UK’s.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 HotForex 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 HotForex 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.
    • Those who take quick and payday loans and refuse to pay them back are now hooked.   Normally, it is not a good thing to go into debt unless that is your last resort. We know that people are fond of borrowing and they seriously hate paying it back. Even when it comes to paying back what was borrowed, your creditor will become your enemy. Such is the nature of human beings.   Debtors don’t want to return money even when they eventually have means of repayment. If anyone borrows money and returns it, it means the person has a Godly spirit in him.   If people ponder the power of compound interest, they would stay away from loans. If you pay 1.33% or 1.79% interest per month on a loan, you will need to pay back roughly 16% or 20% per annum. And this will begin to compound as long as you don’t pay.   Most borrowers who are now in trouble have realized that the interest rates are eventually higher than the capitals borrowed. They realize that the creditors are using an indirect way to enslave borrowers (go and work for me, bring back the capital plus profits).   The banks themselves know that business environment is very tough and are now indirectly asking people to work with or spend the banks’ funds and bring the funds plus profits back to them. Many borrowers really have poor mentality and they don’t know the gravity of what they’re putting themselves into.   If a bank could lend out 1 billion USD per annum, it would reap a return of 150 million USD (at least on paper). Do you think they will forget about you if you owe them even a small amount?   Loans without collateral are now popular. But your collateral is your BVN – unless you don’t want to operate accounts again in the country.   I have heard people saying” Don’t pay to my Access Bank account again, but pay into my UBA bank account.” “Don’t send that cash into my GTBank account again, but send it to Zenith Bank.” It’s like postponing the evil day.   Ti iya o ba i tii je eniyan, iya nri nkan panu lowo ni (Yoruba adage). I literally means: If Suffering has not come to attack you, it means Suffering is currently busy with something. If you think you can avoid payment by abandoning the account you used to borrow money, you’re only postponing the evil day.   They cannot come for you when your debt is small, but the debt will begin to compound and compound till it would make sense for them to come for you.   BAD NEWS FOR DEBTORS CBN has given banks permission to deduct from funds a debtor has in another bank account. For example, if you borrow quick loans from FCMB and you abandon your FCMB account and you are now operating another account with First Bank, FCMB can make a request to First Bank, and the money you owed will be deducted once or gradually from your account at First Bank, without your permission.   Would you now keep money at home, so that bad boys will come to you to take their dues?   Borrowing isn’t a good thing, no matter how plausible it looks.   Profits from games of knowledge: https://www.predictmag.com/   
    • LITECOIN (LTC) SUSTAINS RECENT RALLIES, FACES RESISTANCE AT $90 HIGH Key Highlights Litecoin rallies to the high of $90 The crypto may be range-bound between $80 and $90 Litecoin (LTC) Current Statistics The current price: $89.20 Market Capitalization: $5,900,735,267 Trading Volume: $7,953,660,011 Major supply zones: $70, $80, $90 Major demand zones: $50, $30, $10 Litecoin (LTC) Price Analysis November 24, 2020 Litecoin has continued its rallies as the coin reached a high of $89.86. LTC price has been making a series of higher highs and higher lows. The upward move has been facing resistance at $90. On the upside, if buyers can push LTC above $90, the coin will rally above $100 high. However, if buyers fail to resume the upside momentum, LTC will be compelled to a sideways move for a few days. If the uptrend is resisted the coin will be range bound between $80 and $90. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading LTC price broke the resistance line of the ascending channel. This indicates a further upward movement of the coin. The crypto is at level 74 of the Relative Strength Index period 14. It indicates that the coin is in the overbought region of the market. LTC/USD – 4 Hour Chart Conclusion Litecoin has made an impressive bullish run on the upside. Nevertheless, the retraced candle body on October 31 tested the 61.8% Fibonacci retracement level. It indicates that the coin will rise to a level of 1.618 Fibonacci extension level. This extension is equivalent to $70 high. Meanwhile, the price action is above the projected price level. Source: https://learn2.trade 
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