[humdesggg]

I traded a short around 8 today, and exited at 9 when i saw stopping volume. the rest of trades are commented for educational purposes only.

1. 2 bar bottom reversal. sweet spot to initiate longs.
2. Uptrust, a nice spot to short this thing.
3. Strong close. A down bar closing in upper range is a duck sitting on the fence.
4. Test meaning Smart money has withdrawn, leaving retailers directionless. It is a SOS. a close below the low of 3 would be bearish.
5. Stopping volume. a High probability to go long.
6. No demand calling into question upside momemtum. the ultra high volume 2 bars before 6 decreased. Markets hate ultra high volume on up bars, as it harms their own selling.
7. Uptrust to initiate shorts.
8. Weakness creeping
9. Stopping volume.

[humdesggg]

I traded a short around 8 today, and exited at 9 when i saw stopping volume. the rest of trades are commented for educational purposes only.

1. 2 bar bottom reversal. sweet spot to initiate longs.
2. Uptrust, a nice spot to short this thing.
3. Strong close. A down bar closing in upper range is a duck sitting on the fence.
4. Test meaning Smart money has withdrawn, leaving retailers directionless. It is a SOS. a close below the low of 3 would be bearish.
5. Stopping volume. a High probability to go long.
6. No demand calling into question upside momemtum. the ultra high volume 2 bars before 6 decreased. Markets hate ultra high volume on up bars, as it harms their own selling.
7. Uptrust to initiate shorts.
8. Weakness creeping
9. Stopping volume.

[kuky969]

Today trade
background: 1 H
- price was near of supplly line , in area yesterdays big supplly,yesterdays high, support is now resistence, trend is down
http://www.sierrachart.com/userimage...ploadImage.png

5 min:

1 ....supply
2..... price heading to demand line on higher volume ,I expected attempt for break demand line

price make lower low , a bit breaks demand line

3 .....supply entry
4.... no demand after a bit break of demand line

for exit - target i use VWAP(is not in picture) ....on 889 ,very nice exit

http://www.sierrachart.com/userimage...ploadImage.png


timing of entry short : 500V chart

http://www.sierrachart.com/userimage...ploadImage.png

MOST IMPORTANT IS PATIENCE AND WAIT FOR "BEST SETUP" .......I always keep in mind

[humdesggg]

I will upload my chart showing the trade from Ninjatrader a little latter, to show that it was not hindsight analysis, but I valid entry and exit on VSA principles

[MANTRA]

today's trade

background
60TF- UP trend, market is going to reach rezistance, so I expect that market will touch rezistance, there is a coinsidence with rezistence and upper channel as well, but there is enough place for my profit target

5TF
bar1 - Jump across a creek
market declines with accordance of low wolume, support is tested with low volume
bar2- test bar (narrow spread, very low volume, down bar) = trigger bar

[humdesggg]

Mantra, You spotted it correctly. I noted another high prob setup, that I labelled 3 on your chart. Its based on Tom's statement that decreasing volume on increasing prices is bearish. I marked it 3.

[MANTRA]

bar3- more important for me is VOLUME along with Close of this bar and support very close to this bar, for me it means potential distribution, I would not ''short'' this market based on the lower volume on bar3 compare to bar1. I would wait for distribution and short the market once I see upthrust + No demand bar. But it's me....

[ESTRDR]

just my 2cents for now

15m nice thrust on sup. selling climax



5m same picture





60m showing uptrend + second nice bottom reversal like anticipated after opening. also see 2 thrusts/tests during globex.