[jjthetrader]

Wonder if PP and others can help out here with VSA reading
In the attached chart the market has risen over 100pts , this is a TG chart with VSA indicators,

Now At "A", we have an upbar closing near middle on high vol, VSA signal indicates hidden selling.
At "B" the indicator lights up a No Demand bar.
and at "C", there is the upthrust

All the elements appear to be in place, a substantial rise, hidden selling, no demand, sideways move indicating distribution and finally an "Upthrust",

Question: Where and when if at all would one consider going short. and what would negate that ?"

[tawe trader]

This is my kind of low-risk set-up, I would go short after the low of 'C' is broken (Upthrust bar), with a stop a couple of pts above it.

Isn't the whole purpose of the Upthrust bar in this situation is to bring in new longs just when the mkt is looking like it's ready for a down move ?

[jjthetrader]

Upthrusts are tricky because they don't tend to travel alone.

[bertg]

Originally Posted by jjthetrader »

I posted the chart to make it easier for others to comment on it.

I see selling on both bars you inquired about. The 29th appears to be a no demand after that high volume up bar. If it where buying then the price would have continued up.

jj,

if the 28th was the last bar on the chart, would you still have seen selling in it? If yes, is it because high volume (hidden selling)?

Thanks,
Bert

[jjthetrader]

Originally Posted by bertg »

jj,

if the 28th was the last bar on the chart, would you still have seen selling in it? If yes, is it because high volume (hidden selling)?

Thanks,
Bert

Hey, I was actually refering to the original posters questions about October 28, not Nov.28 which is the last bar on that chart. So on October 28th there appeared to be hidden selling and this would explain the drop off after that.

The last bar on that chart doesn't appear to be selling. The bar before that could even be a test which would be bullish.

[zdo]

Anyone done an analysis of the Dow this week in terms of VSA - especially 11/28?
The strength = weakness ?
Thanks, zdo

[tawe trader]

I have attached todays FTSE Future 5 min chart. The uptrend today has been strong due to US futures being up due to the possible rate rise. I have been patiently waiting for a place for a quick short.

Reasons for taking a short trade.

1. Upthrust bar at R2 resistance level (green arrow) at 12.35 pm UK time.
2. Under this bar there is the highest volume (green arrow) since the opening bar at 8am - selling ?
3. The volume in the bars leading up to this point has been rising - possible selling into the current high of the day and R2 level.

I did enter a small stake short trade once the low of the upthrust bar was broken and I had a target of just above the R1 level.
I decided not to be too greedy due to the strength of the uptrend.

After 25 mins I exited around the yellow dotted line for a 20-odd pt gain.

Any thoughts anyone.

[RAVIN]

Originally Posted by tawe trader »

I have attached todays FTSE Future 5 min chart. The uptrend today has been strong due to US futures being up due to the possible rate rise. I have been patiently waiting for a place for a quick short.

Reasons for taking a short trade.

1. Upthrust bar at R2 resistance level (green arrow) at 12.35 pm UK time.
2. Under this bar there is the highest volume (green arrow) since the opening bar at 8am - selling ?
3. The volume in the bars leading up to this point has been rising - possible selling into the current high of the day and R2 level.

I did enter a small stake short trade once the low of the upthrust bar was broken and I had a target of just above the R1 level.
I decided not to be too greedy due to the strength of the uptrend.

After 25 mins I exited around the yellow dotted line for a 20-odd pt gain.

Any thoughts anyone.

Way to Go, you had the patience to wait for the setup, read it well and sound trade execution, wish there were more posts like yours ,